Bernard Madoff and Financial Pyramid Schemes

Bernie Madoff Pyramid Scheme

Written by Charles Scaliger
Wednesday, 17 December 2008 11:21

The world’s wealthy and well-connected are reeling from disclosures that an international investment giant – Wall Street-based Bernard Madoff Investment Securities LLC, run by 70-year old Bernard Madoff, a well-known Wall Street investor – has turned out to be a colossal pyramid scheme with worthless assets.

It turns out that Madoff’s firms’ money was nowhere to be found when some of his clients, including a number of Europe’s largest banks, began demanding the return of their invested assets. They had all been invested elsewhere and had disappeared.

Predictably enough, the United States government, as embodied by the Securities Investor Protection Corporation (SIPC), is stepping in to help the likes of Spain’s Banco de Santander and Fortis Bank Netherlands, as well as wealthy individuals like Steven Spielberg.

The irony of this story, which the major news media have declined to mention, is that the only reason Madoff is being treated as a criminal is that he is not running a bank, much less a central bank. The entire banking industry is in fact a vast pyramid scheme, with central banks like the Federal Reserve at the apex. Fractional-reserve banking, even when anchored by a commodity like gold, requires banks to loan out assets that are supposedly available on demand for customers, like the monies used for checking and savings accounts. Thus banks pyramid non-existent assets on top of a fraction of their reserves, and hope against hope that customers will not decide to demand a return of their assets en masse – an obligation that no bank can meet.

The situation is made worse by the absence of a gold standard. Nowadays, banks pyramid all their assets atop reserves based on nothing but the say-so of the central banks and the governments that sponsor them. That say-so is nothing more than the state’s arrogated authority to declare scraps of paper legal tender, and to compel people to accept them as money. Thus the Federal Reserve, America’s central bank, creates so-called “fiat” money according to the whim of its chairman and directors, money that is not linked to redeemable assets of any kind. Such activity not only preserves the illusion of bank solvency by pouring new reserves into the banking system whenever needed, but also gradually and subtly erodes the value of the dollar itself. In an age of fiat money and universal inflation, fractional reserve banking is the ultimate pyramid scheme.

But because the modern banking system enjoys the countenance of law, nary a whimper of protest is raised when the misbegotten policies of the Federal Reserve and other central banks cause currencies to lose their value and markets to collapse. The deceptive practices involved in central banking amount to theft and fraud on a grand scale, but are never treated as crimes even though they take a much greater toll than the occasional misdemeanors of private-sector hucksters like Bernard Madoff.

Madoff will doubtless go to prison for his crimes; in a just world, the architects of the fraud that is inflationary central banking would join him there.

The U.S. Personal Income Tax: It Goes to The Family Rothschild

Hhhhmmmm, the spider reminds me of the one in This Is It
By William Dean A. Garner
The Rothschild-Owned Federal Reserve Bank: “I’ve got you, my pretties!”

Dees Bank

The more people like me speak out about this, the more will scratch their heads and go, “No way!” or “You’re an idiot, Garner!” or, worst of all, “You’re not an American!”

I’ve heard this crap before, and it always comes from ignorant souls who just don’t understand how the political and economic systems work in the western world.

After more than 30 years of anecdotal research, connecting thousands of dots across an endless sky, a distinct pattern begins to emerge, something I’ll share a bit with you here. First, there’re other brave souls out there who also have researched this contentious topic, and have drawn similar conclusions. And we’ve all done so independently, which makes our conclusions all the more striking. I’ve said this before and it bears repeating: the evil family Rothschild, which controls what I term The First Sphere of Influence in the western world, hides in plain sight. They even flaunt their wealth and control and power over us with such arrogance and contempt that it cannot be ignored, even by like-minded people as they.

Where shall I start?

The U.S. income tax was a long sought-after tax the Rothschilds had attempted to bring on since the late 1770s, but it was strongly resisted by Thomas Jefferson, Ben Franklin, James Madison and John Adams, among other less-known (to contemporary audiences) American Patriots. Traitor Alexander Hamilton, a bastard child born in the warm Caribbean, was our first Secretary of the Treasury, sent to the US by the Rothschilds to establish the first central bank. Hamilton had been groomed from the start by the Rothschilds, although few people actually knew of his true identity. Aaron Burr, Hamilton’s killer, knew of his background and often chided and bullied him over it, until Burr finally slapped Hamilton across the face with a leather glove, thus issuing the challenge that killed Hamilton.

While Thomas Jefferson vehemently fought against the creation of such a bank, George Washington believed that Hamilton knew what he was doing and thus must be correct. They bank was started . . . and suddenly plunged the nascent United States into debt.

When the central bank’s charter expired, it was not renewed, so the Rothschilds punished the “Colonies” by having the British attack the US again to commence the War of 1812. When the US “won” the war, once again expelling the RedCoats from our lands, the Rothschilds reveled in their own victory, having established yet another central bank that drained the US taxpayers of their Personal Income.

When this bank’s charter ran its course, the whole Rothschild-US President [Fill In The Blank] battle started again, with one side winning a victory over the other in the ensuing 70 years. Without dredging up reams of references from our beloved annals of history, please note that President Andrew Jackson was instrumental in fighting the Rothschilds, although they tried on numerous occasions to assassinate him.

It wasn’t until 1913 that Senator Nelson Aldrich and his fascist “American Rothschilds” managed to sneak through a bill, during the winter break of the House of Representatives, that imposed a formal personal income tax on all Americans.

Our notion that our personal income taxes go to paying for our country’s infrastructure, social services, military, etc. is inaccurate, to say the least. Our personal income taxes first are collected by the US Treasury via the Internal Revenue Service, which sends the funds to the Federal Reserve, which is NOT a federal bank of any sort. The privately owned Federal Reserve, which is owned by the Rothschilds and, to a smaller extent, other banking families, then sends our tax dollars to its own Bank of England, which is located in the sovereign area of London called The City of London.

Interestingly, The City of London has its own laws, security forces and military, completely independent of the rest of London and the entire United Kingdom. It is considered the most elite banking and economic center in the western world.

The Bank of England, again, owned by the Rothschilds, sends our tax dollars to other central banks, all privately owned, and located in Europe.

Why do we even pay this illegal personal income tax, when our own government can operate without it?

Because our government borrows heavily from the Rothschilds and must pay interest on these loans. Our personal income tax offsets these interest payments. All usurious, of course. And all illegal.

In the coming months, I’ll share more with you. I realize that this information is hard to take, given we’ve been raised on the notion that we live in a free and democratic society, and our hard-earned money goes toward our benevolent US government.

In effect, my fellow Americans, it is all a lie.

The good news is that these bare facts are now more visible than ever and, with sufficient time and effort, people like me will get this word out. We have already seen the power of the American people against the healthcare reform bills: a stunning backlash against the Brzezinski Cartel and The First Sphere of Influence.

Backlashes like we’re seeing now are just the beginning of a new American Revolution, one that we actually win. This time.

More to follow. . . .

[Thank you to Mr. David Dees for permission to use his beautiful and poignant illustration.]

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ABOUT THE AUTHOR: William Dean A. Garner is a New York Times bestselling ghostwriter and editor of many fiction and nonfiction books. A former biophysicist, US Army Airborne Ranger, and Corporate Mercenary, Garner did 211 overseas missions over a nine-year period, escorting clients out of hostile territories so they could have a voice of peace, freedom and liberty. He writes and speaks about the dangers of The First Sphere of Influence, a global cartel controlled by the family Rothschild.
10 Facts All Americans Must Know Now
By William Dean A. Garner

1. The United States individual (personal) income taxes go directly to the Bank of England, City of London, which is wholly owned and controlled by the family Rothschild.

2. The United States Federal Reserve Bank is NOT a U.S. government institution.

3. The Federal Reserve is a PRIVATE bank, which is wholly owned and controlled by the family Rothschild.

4. The Federal Reserve was established in 1913 illegally, when the Rothschild’s lieutenant, U.S. Senator Nelson Aldrich, forced through a Congressional bill that mandated it.

5. The family Rothschild is directly responsible for starting all major, and many minor, wars over the past 230 years.

6. The family Rothschild is directly responsible for every recession and depression in the United States over the past 210 years.

7. The family Rothschild (The First Sphere of Influence) controls all major banking throughout the entire world, and has the power to bankrupt entire countries.

8. Thomas Jefferson fought vehemently against Alexander Hamilton to ensure that the newly created United States would NOT fall under the control of the Rothschilds. Jefferson said that the Rothschilds were a greater threat to our country than any standing army.

9. Andrew Jackson also fought to thwart all the efforts of the Rothschilds, and was able to do so during his term. When his term was up, the Rothschilds installed their own U.S. president and then, in a retaliatory measure, plunged America into its first depression.

10. The Rothschilds have assassinated four U.S. presidents, who refused to toe the Rothschild line, and are thought to have murdered others, although the evidence for the latter is as yet inconclusive.

11. BONUS FACT #1: the Rothschilds are wholly responsible for the deaths and murders and assassinations of tens of millions of human beings worldwide.

12. BONUS FACT #2: The Rothschild henchmen are Zbigniew Brzezinski and his sons. Forget Kissinger; he’s an idiot.

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