Money Matters: “Banker to the Poor” In Impoverished Countries Now Lending in U.S.; “Money Goddess” Advises Obama Administration; IMF Bonds Update

~~By InsightAnalytical-GRL

We’ve often heard about how the U.S. “is becoming a third world country.”  Well, maybe it’s true, if you see the “banker to the poor” doing business in Queens, NYC…with plans to expand!

“Banker to the poor” gives New York women a boost

Sun Apr 26, 2009 1:09pm EDT

By Michelle Nichols

NEW YORK (Reuters) – Nobel Peace Prize winner Muhammad Yunus, known as the “banker to the poor” for making small loans in impoverished countries, is now doing business in the center of capitalism — New York City.

In the past year the first U.S. branch of his Grameen Bank has lent $1.5 million, ranging from a few hundred dollars to a few thousand dollars, to nearly 600 women with small business plans in the city’s borough of Queens.

SNIP

Grameen America now operates by lending out money gathered through donations and money from payments on existing loans. The bank is applying for a U.S. credit union license to generate the deposits it needs to make more loans

MORE

And, the bank is a CREDIT UNION!   Way to go!! No derivatives there!

While on the topic of money, American Lassie has discovered the REAL adviser to the Obama Administration on financial matters!!

moneygoddessindialee

This is a Money Goddess.  Pass it to 6 of your good friends, or family and be rich in 4 Days.
Pass it to 12 of your good friends or family and be rich in 2 Days.
I am not joking. You will find an unexpected windfall. If you delete it, you will never know!

SHE WORKS SHE REALLY WORKS!!
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About a month ago, we posted this…

The Scanner–International Edition, March 24, 2009: Say Goodbye to the Dollar? China, Russia Proposing a New World Currency for “Non-Credit” Based Economies, Echo G-20 Agenda of Expanding IMF; China Will “Consider” Buying IMF Bonds; 10th China Develpment Forum Underway (UPDATE 1X–Geithner Supports China Proposal??)

Notice the story about how China will “consider” buying IMF Bonds?

Well, they’re going to get their chance as the IMF announced on Saturday (4/25/09):

IMF head says it will sell bonds to raise funds

WASHINGTON – The International Monetary Fund will sell bonds as a way to raise funds to lend to struggling nations, the head of the organization said Saturday, in a victory for developing countries.

Emerging economies such as China, Brazil and India pushed for the move as an alternative to providing longer-term loans to the IMF. Those countries want greater voice in the institution before providing additional resources.

MORE

Here are a few stories on more of the specifics:

India Ready to Buy IMF Bonds

IMF chief: Some countries interested in buying IMF bonds

Prior to the Saturday announcement:

UPDATE 2-Emerging nations want IMF bond plan revamped-Brazil

Meanwhile, the World Bank was also holding a meeting and announced this on Saturday (4/25/09):

World Bank to aid poor countries with public works

WASHINGTON (AP) — The World Bank said Saturday it would provide poor countries with more than $55 billion for public work projects left in limbo when the recession dried up capital investment.

The goal is to create jobs and lay the foundation for future economic growth and poverty reduction. Africa is expected to see a large proportion of the investments, given the continent’s needs.

MORE

Will be interesting to see WHERE in Africa the money winds up…

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Additional Information:

IMF Communique 4/25/09

Original statement by China 3/28/09

The Past Week: March 29-April 4, 2009 (Hugo Chavez Takes Over Food Producers, Sounds Off on the G-20; A Government Bailout Special; “The Reluctant Ones”

~~By InsightAnalytical-GRL

As the  G-20 circus brought out the whole gang in London, Hugo Chavez was doing his thing in Iran.

Chavez had this to say about the G-20 summit:

Venezuela’s Chavez: Capitalism Must End

Venezuelan President Hugo Chavez on Friday ridiculed the G-20 summit’s attempts to deal with the global financial meltdown, saying that capitalism is in crisis and must end. Chavez criticized the G-20 nations’ pledges of more than a trillion dollars for lending to struggling countries at Thursday’s summit in London, calling it “the same medicine that’s killing the patient—a trillion dollars … more money for a bottomless pit.”

SNIP

The IMF and the World Bank are “tools of imperialism” and must be eliminated, Chavez said.

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Well, he has a point…But does this mean that he’s no longer Obama’s “best buddy” since Obama is part of the Obama Borg?

Meanwhile, a couple of weeks ago, Chavez took steps to deal with Venezuela’s economy during this global economic crisis:

Chavez trims budget, adds debt to counter crisis

(SNIP)

Chavez, who won a referendum last month allowing him to stay in office as long as he keeps winning elections, is popular for spending oil revenues on health and education programs for the poor majority.

During 10 years in office he has nationalized much of Venezuela’s economy including major oil projects as part of his drive to build a socialist state.

On Saturday, he cut the 2009 budget by 6.7 percent to $72 billion, raised the minimum wage 20 percent and increased planned government financing to $16 billion from $5.6 billion. And he increased a sales tax to 12 percent from 9 percent.

(SNIP)

Economist Luis Vicente Leon described the package of measures as moderate but said the government was gambling crude prices would recover later this year.

“These are not truly deep measures, they don’t attack the fundamental problems of the economy,” Leon told Reuters.

Faced with Latin America’s highest inflation, Chavez has in recent weeks increased pressure on business to lower prices by taking over farms and rice mills and threatening to nationalize the country’s top private employer, which makes food and beer.

What do you think of that last part?  When does Obama go after the food supply?

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The next two items courtesy Kenosha Marge:

johndeer-bailout

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A couple of weeks ago we learned that Evan Bayh has put together a group of “pragmantic Democrats.”  Then there are the Blue Dogs:

Centrist Dems: Dogged If They Do, Dogged If They Don’t

By Froma Harrop

There’s trouble around the Democratic campfire. The party has the White House and solid congressional majorities. But what it doesn’t have is everyone on the same page, strumming the same chords, singing the same tune.

Liberals who kept the fires burning during the long Republican reign now fear that moderate Blue Dog Democrats will thwart their much-delayed dreams. Elected from purplish parts of America, the Blue Dogs are fiscal conservatives who regard expensive new programs with a wary eye.

What’s a liberal to do? First, recognize that the Blue Dogs are the reason Democrats have such nice majorities. They are why the dreams are even on the menu. Second, concede that the Reluctant Ones have a point.

(MORE)

“The Reluctant Ones”…has a certain ring to it, yes?

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THE PAST WEEK

*By American Lassie

Saturday Sanity: The Antidote to the Madness (April 4, 2009) Spring Winds; Squirrel Wars; Bees Invade Feeder; Wounded Butterfly; Sunrise Over the Organs; Slick Lounges Around

Non-Stop Campaigning Here in NM-CD2 By Bill Richardson’s Hand-Picked Freshman Rep Harry Teague, Who’s Splitting His Votes Pro/Con on Obama Policies

Iowa Gone Wild With Nazi Reference at Public Hearing (Listen to the Audio) as New Yorkers in CD-20 Test Obama’s Popularity

Canada Follows the U.S. Terms for GM/Chrysler; Harper Still Worrying About the “Eased” ‘Buy-American’ Clause in Stimulus Package

Closing Out Women’s History Month With Dr. Mary Schweitzer, Ground-Breaking Molecular Paleontologist, and a Special T. Rex

*China, the Treasury, and Real Estate (As in the New World Trade Center); Cross-Pollination:The New America Foundation/Council of Foreign Relations

The Past Week: March 22-28, 2009 (A Split in Russian Political Forces as Putin Weakens; The Voice of Korea, North Korean Propaganda Outlet; G-20 Protests Begin; A Prescient Wish for a Bush Successor ca. 2006; X-Rated Google Earth)

Eustace Mullins’ “Secrets of the Federal Reserve”: Read About what Ezra Pound Called “The Great Betrayal”

~~By American Lassie

(Editor’s Note: American Lassie has a background in tax accounting.)

(Please also note this disclaimer: Eustace Mullins has long been admired by the right; he has also been labeled as being  a “conspiracy historian” and “anti-Semitic.”  I’ve noted below various sites that offer his writings and comment, both positive and critical, about Mullins.  These days, we need to read and learn all we can…but with critical minds. The reader must make his own judgment on the ideas of Eustace Mullins. This site takes no position on Eustace Mullins at this point, nor the work of David Allen Rivera which is also mentioned.  Some readers might find some of the material interesting and links are provided for further exploration–InsightAnalytical-GRL)

***

Treasury Secretary Timothy Geithner’s plan to rescue the U.S. financial system, all $2.5 trillion of it,  has sent markets tumbling. See Geithner’s  biography at the Federal Reserve Bank of New York site, where Geithner served as President from 2003 until his confirmation.  The bio also details his prior activities in international banking at Treasury, the International Monetary Fund, and his stint at the Bank for International Settlements.)

This leads me into the matter of The Federal Reserve.   In my opinion, the chairmen of The Federal Reserve, both past and present, have an unhealthy influence on this country.  While Geithner comes to Treasury from serving as President of the Federal Reserve in New York, Paul Volcker, former Chairman of the Federal Reserve,  is head of Obama’s economic advisory panel of people from outside the Administration (although there are rumblings that Lawrence (Larry) Summers, Obama’s National Economic Council Director is slowing down the organization of this panel).  Seeing the current Chairman of the Federal Reserve Ben Bernanke on Capitol Hill with Henry Paulson in September 2008 brings to mind the stealthy way the Federal Reserve was established. (Editor’s Note: Reuters reported on September 21, 2008: Paulson: Foreign Banks Can Use U.S. Rescue Plan …”foreign banks will be able to unload bad financial assets under a $700 billion U.S. proposal….”  I don’t know if this provision is in any of the bailout/stimulus bills that have since passed.–IA-GRL)

An author by the name of Eustace Mullins has been writing about the formation of the Federal Reserve and international bankers for years.

Here’s a little background on Eustace Mullins and how he came to spend so many years of his life researching and trying to get published his works on the Federal Reserve System. (Some of this material is from the “Secrets of the Federal Reserve” site linked below.)  Mr. Mullins is a veteran of the U.S. Air Force, a native Virginian, educated at Washington and Lee University; New York University; Ohio University; University of North Dakota;  the Escuelas des Bellas Artes, San Miguel de Allende, Mexico; and the Institute of Contemporary Arts in Washington, D.C.  While researching his book, Mr. Mullins was on the staff of the Library of Congress.

His book, “Mullins on The Federal Reserve,” was commissioned by the poet Ezra Pound in 1950 and published in 1952 by Kaspar and Horton, New York.  This was the first nationally-circulated revelation of the secret meetings of international bankers at Jekyll Island, Georgia, from 1907-1910.  Dr. Ezra Pound was a political prisoner at St. Elizabeth’s hospital, held without trial.  Franklin Roosevelt had personally ordered him indicted on the demand of his three personal assistants, Harry Dexter White, Lauchlin Currie and Alger Hiss, all of whom were later identified as being connected with communist espionage.

Mr. Mullin’s research was aided by George Stimpson, founder of the National Press Club, who was known as “our walking Library of Congress” by Washington newspapermen.  Mullins was turned down by 18 publishers before one finally told him he would never get his book published.  After 2 years, the book was published in a small edition in 1952 by John Kaspar and David Horton using the title “Mullins on The Federal Reserve.”  In  1954 a second edition was published in New Jersey as “The Federal Reserve Conspiracy.”

In 1955 Guido Roeder brought out a German edition in Oberammergau, Germany.  The entire edition of 10,000 books was seized and burned. The burning of the book was upheld on April 21, 1961 by Judge Izrael Katz of the Bavarian Supreme Court.  The U.S. Government refused to intervene because James B. Conanat, the U.S. High Commissioner to Germany, had approved the initial book burning order.  In 1980 a new German edition appeared.  The identical book that was burned in 1955 now circulates freely.  The U.S. government no longer dictates the internal affairs of Germany.

The conspirators that caused Ezra Pound to spend thirteen and one half years in prison dropped charges in 1958. Ruthless international financiers had used their influence to imprison a man to keep his mouth shut.

“Here are the simple facts of the great betrayal.  Wilson and House knew that they were doing something momentous.  One cannot fathom men’s motives and this pair probably believed in what they were up to.  What they did not believe in was representative government.  They believed in government by an uncontrolled oligarchy whose acts would only become apparent after an interval so long that the electorate would be forever incapable of doing efficient to remedy depredations.” —-Dr. Ezra Pound (St. Elizabeth’s Hospital, Washington, D.C., 1950

[By “House,” he means Edward Mandell House (1858-1938) the son of British financier Thomas W. House, who made his fortune by supplying the South with supplies from France and England during the Civil War.
By “Wilson,” he means U.S. President Woodrow Wilson.  Wilson wrote about House, “Mr. House is my second personalty.  His thoughts and mine are one.”]

An international banking group had secretly planned the writing of the “Federal Reserve Act” and Congress’ enactment of the plan into law.  International bankers held secret meetings at Jekyll Island, Georgia – 1907-1910 – where the draft of the Federal Reserve Act of 1913 was written.

Mr. Mullin’s book in it’s entirety is on the internet. Read “Secrets of the Federal Reserve.”  The international bankers are named – with pictures, charts, etc.  Another book by Mullins on the subject of “The New World Order” entitled  “A Study in the Hegemony of Parasitism: The history and practices of the parasitic financial elite”  was published on the internet and is said to be “the most widely circulated book about the New World Order ever written is also still available here at the Modern History Project.

Nothing changes, it remains the same.  Taxpayer money is feeding the big banks, thanks to Henry Paulson AKA Mr. Goldman Sachs. And now, Timothy Geithner.

In the words of John Francis Hylan (April 20, 1868 – January 12, 1936), was the Mayor of New York City from 1918 to 1925:

“The real menace of our republic is this invisible government which like an octopus sprawls its slimy length over city, state and nation.  It seizes in its long and powerful tentacles, our executive officers, our legislative bodies our schools, our coourts, our newspapers, and every agency created for the public protection”…”The little coterie of international bankers virtually runs the United States Governmant for their own selfish purposes.”

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More on Mullins:

Secrets of the Federal Reserve (site with text of Mullins’ book, with a  full index)

A Study in the Hegemony of Parasitism: The history and practices of the parasitic financial elite (Modern History Project text of Mullins’ book)

An Afternooon with Eustace Mullins (transcript in which he discusses accusations re: Jews)

Final Warning:  A History of the New World Order –David Allen Rivera

Sites which debunk Mullins:

From the “New York City Activist” blog:

Please do NOT trust Eustace Mullins as an authority on the Federal Reserve System!

Some of the rhetoric against the Federal Reserve System