Checking in with PEACHES! Much Better Than Geithner Getting Laughed At in China…

By InsightAnalytical-GRL

I’ve posted an update on my peach crop over at http://openrangeramblings.wordpress.com/2009/06/01/peaches-and-other-garden-delights/.

Take a peek at the HUGE picture I have up of part of the delicious pickings.  Managed to get a few this year…in fact, the most ever!! Picked the last few today.  Congratulations to me for outwitting the squirrels and the bugs and many thanks to the universe for some rain and good temperatures!

This harvest makes me feel very happy and a nice change from worrying about my money being in the hands of  Timothy Geithner et al.  I wish I could laugh like those Chinese students did today!  Idiot Geithner…what made him want to go talk to students?  At least the Chinese leadership wouldn’t laugh outright in public.  Can’t believe the stock market went up so high today after the Geithner performance…

The Past Week: April 19-25, 2009 (Pakistani Women Pushing Back; French Finance Minister Christine Lagarde Speaks; Doubts About Toxic Asset Plan; UK Blogs)

~~By InsightAnalytical-GRL

With Pakistan and the Taliban now center stage, I found this story from The Dawn Blog interesting. Women in Karachi are meeting because of their concerns about events there:

Women Push Back

…On Friday, the Karachi chapter of the Women’s Action Forum (WAF) invited members of the civil society to help craft a comprehensive strategy to stem the Talibanisation of Pakistan and respond to the recent passage of the Nizam-i-Adl Regulation 2009. On short notice, about 60 women gathered at the Aurat Foundation’s Clifton premises to brainstorm ideas for concrete action against the spread of militant ideology. Participants included the crème de la crème of Karachi society – revered activists, teachers, artists, filmmakers, professionals and many women who described themselves as ‘concerned citizens’ and ‘mothers’ (I could start name-dropping but someone might mistake this for the social pages and not the Dawn Blog).

The general mood was somber and, as the discussion proceeded, panic and passions flared. As one long-term women’s rights activist put it, ‘we came of age in the Zia years. Then, we were fighting the state. Now, we’re fighting against public misogyny being encouraged by non-state actors who have grown more powerful than the state – and they don’t play by any rules.’ In short, the women assembled at Aurat’s offices knew they were there to put up a fight.

MORE

Let’s hope we don’t see the women of Pakistan have the same fate as those in Afghanistan.

***
Caught a brief segment a few days ago on BBC America’s nightly newscast with the French Finance Minister Christine Lagarde, but she’s been speaking about the latest IMF report elsewhere, too.  Here’a link to a transcript of  her inteview on Lateline which airs on the Australian Broadcasting Corporation (ABC). It’s a worthwhile read if only to get a better understanding of what the people in charge of the money elsewhere are thinking.

But what caught my attention in the BBC segment was her comments about how unimpressed she was with the idea of creating stimulus package after stimulus package without getting a clear idea of how useful they really are.  She noted that France was early in pumping up government spending on infrastructure projects, like public buildings, etc. and programs versus cash payments, but the results were only just beginning to trickle in.  She was very pointed about how the French had started their stimulus efforts earlier than the U.S. and was quite clear that an idea of how effective the spending has been–and if it is getting to the right places–is needed before more spending is approved.  She also pointed out that the money really hasn’t started flowing yet, so it’s going to be a while before anything is really known here in the U.S.

Although Lagarde is “on the same page” with the Obama Administration in many ways, we’ll have to see if the Obama crowd and Congress keep creating more “stimulus packages” in spite of Lagarde’s warnings.

Here’s a something Lagarde said toward the end of the interview:

My personal belief is that this crisis stems from excess, abuses of the system. I don’t suggest, though, that it would be the end of free enterprise. I think that a liberal economy can also have its social dimension and that liberal economy, as liberalism is understood in economic terms, can only survive if it is properly regulated. And I think it would be a complete deterioration if you will, or abuse of liberalism itself, if it wasn’t regulated. So, when he says that government is back and policies are back, I totally agree with him if he means regulation, ownership of the development of a free market economy by politicians, by those who have been elected by the people to represent the general interest and to make sure that proper functioning of the economy is actually respected. And to that end, we need a combination of sensible and strong regulations, but also sensible and strong bodies that will make sure that regulations are actually applied. And if there are violations, that such violations are sanctioned appropriately.

“And if there are violations, that such violations are sanctioned appropriately.”

I’m not holding my breath here in Obamaland, are you?

***

Kenosha Marge spotted this article in the Financial Times….seems like Timothy Geithner still hasn’t dispelled a sense of mistrust among financial leades:

Warning over US toxic asset plan

By Francesco Guerrera, Deborah Brewster, Henny Sender and Aline Van Duyn in New York

Published: April 24 2009 02:03 | Last updated: April 24 2009 02:03

The Obama administration will on Friday get the first indication of investor interest in its $1,000bn toxic assets plan amid fears that the threat of government intervention and banks’ reluctance to sell will deter fund managers from participating.

Applications to become one of the five asset managers charged with raising funds to buy mortgage-backed securities from banks are due today and groups including BlackRock, Pimco and Bank of New York Mellon are set to apply.

However, financial executives warn that the plan is in danger of missing its goal of quickly shifting billions of dollars in troubled assets off banks’ balance sheets unless the government dispels investors’ concerns.

Potential buyers of assets complain that, a month after Tim Geithner, US Treasury secretary, unveiled the public-private investment programme, the authorities have yet to reassure them they would not be subjected to draconian Congressional scrutiny.

The Treasury did say that, aside from the small group of asset managers, investors who receive the generous loans available under the PPIP will not have to abide by restrictions on employees’ pay imposed on the banks that got funds from the troubled assets relief programme.

Yet some fund managers fear Congress and the government may change the rules mid-course, as they did with Tarp. Wesley Edens, chief executive of Fortress Investment Group, said: “The most important thing for the government is consistency.”

MORE

Wonder what Christine Lagarde thinks about all this?

***

Stumbled across this site which is a huge list of UK Political Blog Feeds.  It’s fun to check out what’s on the minds of folks across the pond.

***

THE PAST WEEK

Saturday Sanity: The Antidote to the Madness (April 25, 2009) The Squirrels Invade

While Pakistan Has Our Attention, Look What’s Brewing in Somalia…

The Financial Filter: How CNBC Handles Howard Dean vs. Susan Boyle

Labour (UK) Facing Poll Meltdown After “Smeargate” Allegations–Brown’s Fmr. “Spin Chief” (Now Political Director of a Union) Involved

The Past Week: April 12-18, 2009 (Newsweek Death Spiral?; Anti-Abortion Wars; Susan Boyle and Human Grace)

The Financial Filter: How CNBC Handles Howard Dean vs. Susan Boyle

~~By  InsightAnalytical-GRL

Lately, I’ve been testing my mettle by actually tuning into CNBC occasionally. We don’t have FOX Business here, but you get enough of their angle on the regular FOX shows featuring Neil Cavuto and the weekend financial panels.

Yesterday, I caught Howard Dean just around the Noon hour ET (on Power Lunch), slugging it out with that panel they have which features Larry Kudlow among others.  I was wondering what Dean was doing on there following the latest Geithner comments, but perhaps he’s getting warmed up to defend the upcoming healthcare “reform” that will be vomited out of the Congress and Obamaville soon.

Anyway, Kudlow was yelling again about “why can’t the markets be allowed to correct themselves” to which Dean retorted in perfect Obot fashion “Look what the markets did to the American people!” (sic).

Well, I waited for the comeback…I waited to hear one of these panel people, including Kudlow, respond snappily with how Congress, particularly Democratic members, failed to provide oversight over the housing mortgage debacle, which seems to have precipitated much of the mess we’re in.

CRICKETS!

But, as I thought about it, I figured that’s exactly what I was expected to hear. The GE family of companies that “bring good things to life” don’t consider history and full debate healthy for the 5th-grade level critical skills level of the American viewer. Kudlow is probably under orders “not to go there,” so he doesn’t go there. He’s loud and passionate about “the markets” but he pulled up short with Dean.

But that’s the way it is now. The media is in a permanent state of coitus interruptus when in it comes to discussing financial matters…or most political news. Especially since the Obama folks are so cozy with GE…

Sue Herera and Bill Griffeth, still at it after all these years,  are stuck in the middle of all this.  They’ll get a couple of people on and ask some serious questions, but the upcoming segments which follow always involve some provocative pugilism.  After listening to the Dean segment, which included another guest plus Dean and the four CNBC panelists,  I felt whiplashed, not informed. Mission accomplished!

After 3 PM, we get a lot more sober discussion for a brief time as The Closing Bell airs and things settle down.   Gone is the screaming on the panels and the minute-by-minute, breathless spewing that sounds like the coverage of a sporting event while the market gyrates. Maria Bartiromo anchors and does interviews and the discussions are less hysterical. Today, I caught a young guy from the NY Times and a few experienced hands getting down to the real problems with the financial sector…including the one-time things done this quarter courtesy government largesse that won’t be around to play with over the next few quarters when the rubber meets the road.

Yeah, but then it’s over as we get Fast Money then Jim Cramer’s Mad Money to liven the pace for evening prime time with their gameshow approach to finance and to appeal to the young dreamers who want to get rich quick and don’t have a clue. And then Kudlow returns.

In a comment to yesterday’s post, Lee M. had a musing which captures the zeitgeist of CNBC these days, too…I’ve done some word substitutions where appropriate:

…the cretins over at MSNBC CNBC, having crossed the Rubicon, have no where else to go.

They know that those of us who value our Constitution [journalistic integrity] have written them off, so they keep pitching their wares to the far left and the Obots because without them they would have no audience at all.

Like Julius Caesar before them, the die is cast, and they can’t go back. So they will continue their vile jokes [obvious bias and omissions] that would have gotten anyone else censored [fired] before this. They are tolerated because that is the way TPTB want it for now.

So Howard Dean is treated with kid gloves, the facts be damned!

Oh, but the folks at CNBC certainly DO have somewhere to go, if I may quibble a bit with that first line of the above comment. Where? Well, let’s visit the CNBC website where yesterday afternoon I found somebody dragging Susan Boyle along in a “humor” piece that ties the global economy to her performance…with an odd mixture of  admiration (?) and the requisite mockery (of course).  How appropriate…the taunts begin the day after I write about “Smeargate” in the UK and the level of “discourse”  we have here in the U.S.:

Apr.21

1:49 PM ET

As she concluded the song and the crowd jumped to its feet cheering, Susan Boyle blew a kiss. A kiss that, like the butterfly that flapped its wings, set in motion a flutter of dollars, pounds, euros and yen that will get this global economy humming again.

Will YouTube Sensation Susan Boyle Save the Global Economy?

Posted By:Cindy Perman

As the world grapples with headlines about troubled loans at Bank of America [BAC 8.76 +  0.74 (+9.23%)
and pirates wreaking havoc on the high seas, a lone dove has emerged to save the global economy.

SNIP

Boyle rolls her unknown-to-man hips.

Teenage girls roll their eyes. (Yeah, we saw you, eye-rolling girl at 1:24)

SNIP

Susan Boyle has given people a reason to hope.

A reason to look up from their flaming 401(k) statements.

I dreamed a dream in time gone by

A reason to walk over to their computer and log on to YouTube.com.

When hope was high

A reason to buy Kleenex in bulk at Costco. [COST 46.48 + 2.14 (+4.83%) ]

And life worth living

A reason to go to Amazon.com [AMZN 78.75 + 1.18 (+1.52%) ]

I dreamed that love would never die—

SNIP

I dreamed that God would be forgiving

A reason to watch the made-for-TV movie about her on Lifetime and expose themselves to millions of dollars in advertising. [DIS 19.47 + 0.06 (+0.31%) ]

Do you get the feeling that someone RESENTS the fact that Susan Boyle wasn’t manufactured by the entertainment industry and the mass media, but simply appeared and touched people’s souls without a filter? If the “money machine” were cranking up for one of their fake creations, would you get the slights and mockery that we see directed at Susan Boyle in this piece? Or the cheapening of a great performance (and a pretty darned good song, too) ? The vultures find it so distasteful that the the plebes responded spontaneously even though the entertainment biz types will be trying to make money off  her until the well runs dry?  Personally, I hope she makes a bundle on her own terms and then walks away…before we start getting the “whispers” about her single life that will probably be started up to shove her aside for some plastic doll that can be marketed and controlled for public consumption… Like, what? She doesn’t deserve to make any money off her REAL talent??  Mark my words, Simon Cowell will look like a compassionate saint compared to what could come down further along this road…

Yes, just like the filtering of political and financial news, we have to get a filter in place for Susan Boyle so the public can be redirected to enable the opinion/money makers can move onto creating a fab NEW item for which they can take full credit and reward themselves with extra executive compensation bonuses.  Maybe TPTB can recycle the filters they used with Sarah Palin, Hillary Clinton and a “feeble” John McCain as they deal with Susan Boyle.

Heart seems to have a short shelf-life these days…

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

Editor’s Note: Last week’s post, Russia-China Proposals; “Rebalancing” Global Currency Reserves: Why the U.S. Can’t Take Anything for Granted Re: the Dollar, inspired American Lassie to develop a few observations/opinions:

~~By American Lassie

China won’t be buying any more Treasury Bonds, for a while at least, because the yield is too low. Not enough bang for the buck. The Federal Reserve has been buying Treasury Bonds like a drunken sailor for a reason. To keep the yield low. They don’t want China to buy any more bonds, IMO. China has too great a strangle hold on America as it is. Bernanke and Geithner don’t want the people of America to buy bonds right now, another reason for keeping the yield low.

It is my opinion, and many people will differ with me on this, that Geithner and Bernanke want Americans to invest in stocks to help bolster Wall Street and the banks, and to buy, buy, buy durable goods to help move the economy along.

The plan being that if the banks are strengthened and do what they have been given all this bail-out money to do, they will lend more freely to make it possible for the people to buy these durable goods– cars, washing machines, refrigerators, household furniture, etc.  If they free up the money needed by business to continue producing these goods, there might be a slim chance that this thing could turn around. But if the banks continue to put the bail-out money where they have been putting it, it will be the same old same old.

It stands to reason that Americans won’t buy Treasury Bonds with such a low yield, especially when they have so little faith in their government.

***

China may not be in the market for any more Treasury Bonds because of the low yield, or the fear that the large investment they already have in the notes is losing their vallue. But this hasn’t prevented their continued buying and leasing of U.S. real estate.

The Vantone Industrial Co., Ltd, a Chinese real estate group has just become the first commercial tenant of the still under construction skyscraper to replace the Twin Towers destroyed on 9/11.

They have taken a 20-year lease on the top floors of the 70 floor building to begin when the building is completed. It is projected to be completed in 2013.

The floors 64 through 69 will be known as the China Center. Wonder what the 70th floor penthouse will be used for? Any guesses?

Vantone Industrial provided the Port Authority with a $10 million dollar letter of credit. What goes on here?

No more Treasury notes, but a real estate coompany establishing itself in the new trade center. This is indeed food for thought. Know thine enemy. Our intelligence people had better be on hand constantly while that 70th floor is under construction, and after, IMO.

Our government notes aren’t so valuable right now, but the soil of the United States is still coveted by many. What better way to keep your ears peeled than to set up shop on the top floors of the tallest building in the city.

http://www.costar.com/News/Article.aspx?…&ref=1&src=rss

***

Regarding the 1st Bernard Schwartz Economic Policy Symposium sponsored by the New America Foundation (See this post for more details: A Reminder: Live Streaming of the First “Bernard L. Schwartz Economic Policy Symposium” Today (3/26) With a Rather Interesting Group & Agenda [To End “Fumbling” on Economic Policy]):

It’s important to note: “The Honorable Laura Tyson holds the Chair in Global Management and Public Policy, at the Haass School of Business at the U of C at Berkley.” (Haas being Richard Haass, the President of  The Council on Foreign Relations [CFR].)

I will point you to an article, (that I was saving with other research for a possible post), that I think you will want to read. It’s a short article but it is very informative.

http://www.crossroad.to/Quotes/globalism/2008/trends.htm

Let’s take a closer look at THE NEW AMERICA FOUNDATION…

On the matter of the “New America Foundation,” don’t get your hopes up people because this is nothing new.  It’s like the message we used to get continuously during the commercials in the old time soap operas.  “Duz does everything”- “New and Improved” – “Better than Ever”, the blurbs go on and on, but we still got the same old soap only in a different box.  The primary drivers in this group are the same re-cycled Democrats who brought you Hopey Changey politics this past election cycle.

LAURA TYSON, the Chair of Global Management and Public Policy, Haass School of Business, Univ. of Calif. at Berkeley, has an impressive resume and there is no doubt that she is an extremely intelligent economist who need not take a back seat to anyone in her field. She was top economic advisor to former President Bill Clinton.  She was head of the National Economic Council and Chair of the President’s Council of Economic Advisors. In fact, her skill and expertise, in my opinion, played a major part in the financial surplus that Bill Clinton left to the American people when he left office.

I admire Laura Tyson greatly as an economist, but the fact that she is a member of The Council on Foreign Relations (CFR) as are the people with whom she associates, disturbs me more than a little. Her association with Richard Haas, President of the CFR bothers me a lot.

The following was written on April 2, 1997 by Fernando Quintero, a reporter for the Rocky Mountain News in Colorado. Mr. Quintero spent a number of years working in higher education. He was a writer and editor for the University of California at Berkeley Office of Public Affairs.

“Over the past four years nearly a quarter of the University’s (U of Calif. at Berkeley) economics faculty at the Business School and the College of Letters and Sciences has taken leave to go to Washington.  No other university outside the Ivy League  has provided the White House with so much economic brain power.”

-snip-

The fact is, a Berkeley Mafia does exist and Tyson is the Godmother.”
http://www.berkeley.edu/news/berkeleyan/1997/0402/tyson.html

BERNARD SCHWARTZ, along with Tyson, is also a member of The Council on Foreign Relations. He is chairman and CEO of BLS Investments, LLC. His concern over our deteriorating infrastructure is legitimate.  This has been his baby for a long time, but as in the case of Tyson his connections are to be questioned.  Mr Schwartz is a very benevolent donor to the Democratic Party.

GEORGE SOROS is another member of the “New America Foundation”.  Mr Soros is a leading figure in the CFR and close with Henry Kissinger (who once made the statement that Jimmy Carter isn’t the President of the United States, the Trilateralist Commission is, and I am the Trilateralist Commission). Soros is also a confidante of Zbigniew Brzezinski and George Soros is also a partner in the Carlyle Group.  He is truly a busy and involved individual.

“The Carlyle Group specializes in seizing control of aerospace and defense contractors and then strong-arming contracts out of the Department of Defense.”

-snip-

“Shortly after September 11, George Soros developed a strategy how to manipulate messages within the media.”…
http://911review.org/Sept11Wiki/CarlyleGroup.shtml
http://911review.org/Sept11Wiki/Soros,George.shtml

It is my personal opinion that George Soros is a very evil man, and anything he touches smells of fire and brimstone.  This nefarious creature has caused untold damage not only to the United States of America, but to other countries.  He is evil personified and he does not wish well for our country and any group that he is connected with, in my opinion, is just as dirty as he is.

I love my country very much, my ancestors fought and died for this country, and to see this foreign-born billionaire, who was able to come to this country and make a fabulous fortune and then turn around and try to ruin us, makes my blood boil.  He is  one of the main players in the quest to level this country to third world status enabling himself and his cohorts to pronounce a New World Order.  He recently said something to the effect that this crisis has satisfied his life’s ambition.  What kind of devil makes it his life’s ambition to see people out of work, losing their homes, going hungry etc.?  Old Beelzebub must be down there dancing a jig.

“COUNCIL ON FOREIGN RELATIONS, a U.S. think tank.  Some CFR critics say the Korean War, the Vietnam War and the Civil Rights movement were all arranged and approved by the CFR and the insiders.  And that each one has played on a kind of reverse psychology:
The more societal unrest there is , the more people will turn (sic) its govenment for control, eventually becoming so desperate for order that they grant their government more and more power over every citizen’s private life.”

-snip-

“Some of their directors hold important positions in many other worldwide connected companies or government related institutions:  John Deutch, Richard Holbrooke, Theodore Sorenson, George Soros, or David Rockefeller.”
http://911review.org/Sept11Wiki/Cfr.shtml

So you can readily see why I think the New America Foundation is nothing more than the CFR.  New and improved?  Not at all.  This is the same old bunch with the same old ambitions.  Just using a new package to try to fool us old dumb citizens who they think will swallow anything.  Not anymore, Buster.  The cataracts are off our eyes and the wax is out of our ears and we have a steel rod up our spines and we say to you – fool me once, shame on you – fool me twice, shame on me.

No sale,  Mr. Soros and Ms. Tyson. Money is so tight right now that I’m mighty particular what I spend it on and your lying, treacherous words don’t fit into my budget.  Take your global philosophy and eat it– I’m not buying and I’ll bet no other thinking and reading American will either.

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.”

***

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