Video Rebel’s BlogLarry Summers (Samuelson) had to withdraw his nomination to succeed Ben Bernanke as Federal Reserve Chairman for the same reason that Barack Obama could not blow Syria off the map using doctored evidence as his justification. The people said No to war. Americans had figured out that Al Qaeda was committing atrocities against Christian and Muslim civilians in their name. We can find hundreds of videos of the mercenaries beheading civilians and even firing chemical weapons but the administration and the media cannot produce even one of the Syrian Army doing the same.
The U S Senate is controlled by Democrats but they said No to Larry Summers even though Wall Street told Obama he was their man. A video from Greg Palast (see below) revealed the gross criminality of Mr Summers. This man would have implemented the Bail In option that we saw earlier in Cyprus where the Central Bank seized the assets of the depositors to pay for the greed and gross criminality of the bankers. And just recently the Polish government seized half the private pensions of their people. Summers would have done that too. Politicians in Washington have to engage in retail politics which means they have to talk to voters. They know how angry the public is. They also know that the American people have between 300 and 400 million guns. They know that Cyprus style Bail Ins and massive pension thefts will not fly in America.
That will not happen here. That was what the rejection of Summers by the Senate was all about.
So what are the options left available to Janet Yellen? Ben Bernanke will resign his seat on the board. Two other Federal Reserve directors have announced their desire to leave. That means her vote plus the Bernanke seat and the other two will give her an absolute voting majority. I cannot say why she would want the job as Chairman of the FED but I can say what her options are. And they are severely limited.
Bernanke, Summers, Greenspan and Yellen are all Jewish. The Talmud says that it is permissible to rob the Gentiles as soon as the Jews get control of their government. The Talmud also says that Jews cannot betray their co-conspirators to the Goyim. I use the term co-conspirator rather than co-religionists because I regard Judaism as a criminal enterprise and not a religion. Judaism does not teach us how to become a better person. Witness Bernanke and the Mortgage Backed Securities fraud. He saw the bankers of Wall Street steal trillions of dollars by selling fraudulent MBS bonds to American pensions and to European banks. What did Ben do? He covered it all up and kept Jews out of jail by loaning money for worthless fraudulent bonds and buying others back. The news media which is controlled by the Jews has never told the Gentiles what is really happening.
Janet Yellen knows as a Jew that she can do nothing to reveal the criminality of Jewish bankers. But unlike Bernanke she wants to do something to help the poor working and middle class Gentiles. But she should realize that she can do nothing and withdraw her candidacy, resign her seat on the board and head off to Patagonia with all those Jewish billionaires.
It is all about to hit the fan.
The Gentiles of America gave all their gold to the Jews and let them store it at Fort Knox. They did not object when the Jews said it was a waste of time and money to audit and count their gold. The Gentiles did not even seem to object when the Jews and their Gentile allies in the banking community leased out gold from the Federal Reserve and from other Central Banks. They did not seem to pay attention to the articles in the press about bankers selling the same leased gold five times. And now clients coming to the banks cannot find the gold they thought they had on deposit. Jim Willie says there are about 20,000 to 40,000 tons of allocated gold missing from the vaults. That is a lot of assets to have gone walk about without a criminal investigation.
I recently saw a clip from a show in which a media whore said how great intervention in Mali was. What gibberish. I cannot take any more of these lies. Mali was invaded because they have the richest gold deposit in Africa. Their gold yield per ton is 3 times what the other mines in Africa are. The French and English Central banks as well as the Federal Reserve cannot deliver the gold Germany demanded be returned. The bankers said they would return the German gold after 7 years which is about how long it will take for the people of Mali to dig out that much of the yellow metal.
There are also shortages in the COMEX reporting banks like J P Morgan in New York. Andrew Maquire has said the London bullion market (LBMA) is about to run out of gold and fail to deliver. At that point the price of gold will be set In China and the London paper gold fix will be a thing of the past. There already is a stampede into gold in Asia. Hedge funds in the US and Europe are reluctant to join in the rush to gold and silver because they know how precarious the economy is. And they know that the people who run things will not hesitate to kill people who upset their scams. But when the LBMA goes dry and the bullion banks cannot deliver first wealthy people and then what is left of the middle class will go for the bullion. The coming upward push in gold and silver bullion will completely undo the bankers who must maintain the illusion to the bitter end that pounds, euros, dollars and yen have real value.
Jim Rickards said that in 2010 Obama, Geithner and Bernanke embarked on a vicious policy that did much harm to the emerging market nations like Brazil, Indonesia and the Philippines. The FED held interest rates to Zero while printing money that could not reach the hands of US consumers. This money was forced into assets like bonds and commodities and stocks. In short Bernanke was going for a Global Bubble just as Greenspan had done Bubbles in the Dot Com era and then in real estate. Bernanke made the Dollar Carry trade very profitable. Speculators could borrow trillions of dollars at near Zero rates which they used to go into the stock markets of Emerging Markets and buy assets. This exported inflation to Third World nations.
But recently the interest rate on the ten year US Treasury bond rose from 1.5% to 3%. This forced the US speculators to unwind the Dollar Carry trade. They sold their assets and pulled their money out of the Emerging Markets. The value of their currencies declined by 20% or more over the past few months. The sharp rise in inflation and the new round of job layoffs have really angered people all over the world. Now you know one more reason why foreign governments are saying No to war with Syria. They do not like our government.
China has been busy buying 100 and 400 ounce gold bars and recasting them into one kilogram bars which in the West had previously known as Jeweler’s bricks. These kilo gold bars are to be the center of the new international currency. Until Israel forced the US into Iran sanctions, anyone in Japan who wanted to buy oil had to first buy dollars with his yen. Not any more. today you can buy oil with gold.
One day China will unveil a new international currency alternative to the dollar. They will also most likely replace the IMF and the World Bank. It will probably be a gold exchange standard where trade settlements can be made in gold or in Chinese yuan or Russian rubles. Or alternatively you could settle payments in any one of dozens of currencies that had fixed their rates to the yuan. Those kilo gold bars will play a major role in a distributed system where loans can be made against gold. I think China is much closer to having 10,000 tons of gold than we imagine. They do not export the gold they mine. They buy gold mines overseas. And I think they have bought thousands of tons of gold that had been leased from Western Central banks. They are a cautious people and do not announce their intentions. Sun Tzu in the Art of War said, ‘When you are many pretend to be few.’
China does not want to drop the dollar just yet. They need to employ their workers in those factories making things for the rest of the world. But one day they will have no choice but to pull the plug on the dollar. On that day you will have to buy oil from the People’s Republic of Saudi Arabia in yuan. Or you could buy a couple of those kilo bars of gold bullion. That is the day when the people of America wake up and hear about the tidal wave of dollars being repatriated to America. We export nothing but wars and so people overseas will dump their dollars. Prices will double overnight. The value of our pensions, savings and bank accounts will be cut in half in a matter of days.
I expect the dollar to go into collapse mode as soon as the interest rate on the ten year US Treasury bond reaches 4% which might not be that far off as we already went from 1.5 to 3% over the past few months.
You might have noticed I did not write much about Janet Yellen. That is because she does not matter. She has no policy available to her other than print, print, print. Of course if she were not Jewish and we had a government that responded to the Gentiles, we could cancel Debts systematically worldwide. And if we had a press not run by the Jews we could seize the assets of the war criminals so we could fully fund our pensions. Of course we would also have to reform out health care system too.
This is that video revealing that Summers was just too much of a crook for the Senate which is saying a lot.