Tag Archive: J. P. Morgan


 

Nomi Prins Author of “All the Presidents Bankers“ on Upcoming Collapse

Nomi PrinsBy Greg Hunter’s USAWatchdog.com

Best-selling author Nomi Prins warns, “Never before have the Government and the Fed collaborated so extensively by propping up the banking system to the detriment of the population.”  Prins lays out a long history of the relationships between U.S. Presidents and bankers that date back to Teddy Roosevelt and JP Morgan.   On her new book titled “All the Presidents’ Bankers,” Prins contends, “That connection with Teddy Roosevelt was a very powerful established entity between two people that has allowed all this stuff that has happened in the last hundred years to really happen.  The friendships, the social ties, the idea that the bankers could sort themselves out with Treasury Department help if it needed to.  Of course, it’s epic now.  All of that was solidified then.  Banks being hands-off with respect to the oval office was all solidified then.  We’ve only been consolidating that message throughout the century since.”   

Fast forward to JFK and the bankers of the day, and Prins points out the banks in the early 1960’s didn’t want a gold standard to restrict them.  It is dollar debasement history as Prins explains, “If bankers have a peg, if they have to put gold or any type of asset behind it or have any restriction, they don’t like it.  So at the time, they weren’t working on trying to demolish the regulations that happened from the 1930’s to separate bank speculation from depositors, but they saw something else, and that was getting off gold.  They really worked to push JFK off of gold.  JFK was a little less friendly with the bankers.  JFK, when he did invite bankers to the White House, he would have very short meetings.  It was like hello, goodbye and thank you.  Where LBJ, who came after JFK, was very friendly to the bankers and opened the White House to the bankers.”  

 

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Published on Jul 17, 2012 by

In this episode, Max Keiser and co-host, Stacy Herbert, discuss how market participants are never more than a few milliseconds away from the next act of fraud and how a teaspoon of collateral leads to economic martial law. They also discuss German economists proposing that the wealthy be forced to buy bonds while in Spain the government and EU force bank losses on cooks and pensioners. In the second half of the show, oil analyst, Chris Cook, about how, despite sanctions, oil will always find a home; the Enron technique of pre-pay now being used by Enron’s former counterparties; and how stability is the death for the oil market middlemen.

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Published on Jun 14, 2012 by

In this episode, Max Keiser and co-host, Stacy Herbert, the european short change con in which debt and debt facilities are created and swapped at ever increasing speeds in order to defraud the population. In the second half of the show Max talks to economist Yanis Varoufakis about the ponzi austerity screwing Europeans right down to the ground with more debt.