Empire, Power, and People with Andrew Gavin Marshall- Episode 90


The Very Visible Hand of Financial Markets Today

EPPThus goes the mythology, financial markets – like most markets – are said to be guided by an “invisible hand.” Like most mythology, it has little basis in fact. Today, financial markets are in actuality a “super-entity” cartel of global financial institutions, manifested as a “global supra-government” and institutionalized in organizations like the Institute of International Finance (IIF), the European Financial Round Table, the (American) Financial Round Table, the Institute International l’Etudes Bancaires, the International Monetary Conference (IMC), and others. These organizations have significant cross-over membership and leadership, granting relatively few banks and individuals enormous influence over guiding the very visible hand of financial markets.




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  1. AG… Another brilliant piece of work by you!
    I have this feeling that you may not fully realize the level of your acumen regarding the over-arching level of this system, which you noted is a global “super power governing” body composed of highly questionable characters, thieves, obvious compulsive Ponzi Scheme designers along with creepy inbreed European blood lines(e.g., the Rothchilds, et.al.)which includes lines of royalty. The whole f##king thing is extremely sickening. They were never elected and never have experienced our reality–that being We of the 99% sweltering masses. And the word “empathy” is a complete emotional impossibility for them. Some keen observers suggest that these creatures of the .0001% no longer need most of us for anything. Of course, they will keep a billion or so humans around as serfs in this Orwellian phantasmagoria which has begun.

    I am now 73 and was/is part of the anti-establishment movement in the 60s to present day. I discovered long ago that huge amounts of research are necessary to find who is committing what behind the curtain. And as you say, the curtain is right before our eyes–in plain sight; but very few of us dig into it. These creatures cover themselves with a maze of complexities–turning legalese into semi- or fully “legal” criminal structures.
    By 2008, I thought I knew the basics of the military-industrial-Congressional complex(I read that Ike erased the word “Congressional” from his famous farewell warning). Little did I know in Sept.2008, I now had to study central banking (esp. the Fed. and how it was formed in secrecy in 1910), securitization, fiat money, fractional reserves and an amazing array of institutions, globally. Your knowledge of the IFF along with other opaque groups was an eye opener.
    I was born when Hitler and Stalin were both in the throws of power–this Joseph Ackermann character would fit right in with the 3rd Reich. Wait, he must be in the 4th Reich! What we have had for some time in USA is “soft Fascism” which is getting harder and more bold each day. 7000 military vehicles to local police forces and drones! I sense there must be a huge “black op” which is happening right now with the bankstaz colluding with many intelligent agencies and military types who could not resist the “dark side.” But there is such a concept known for centuries as “white magic”. Perhaps we are living in a strange earthly tale and the battle between the small, but brave “white magicians”(nothing to do with skin color, of course) stand up to black magicians who have had their way much too long.

    I will be looking forward to your next talk. You sense the urgency of the moment.

  2. avatar tonywicher says:

    This is an excellent analysis of the financial control structure. This is what we are facing, a dark financial empire that rules over captive nations. Perhaps there is some “white magic” that can defeat it, and it certainly begins with this kind of analysis that shines a light on that formerly invisible hand that is guiding “the market”. Once even a small minority of people become aroused, the next step is to form a political action group, a true Army of the Revolution, armed with this understanding, highly organized and focused, to attack the empire at its most vulnerable point. The LaRouche Political Action Group (larouchepac.com) is such an organization. Their battle objective for several years has been to restore the Glass-Steagall Bank Act of 1933 which was the foundation of our financial system until Wall Street led by Fed Chairman Alan Greenspan first undermined and then repealed Glass-Steagall with the Financial Modernization Act of 1999. This travesty was the bipartisan product of Wall Street Republicans like Phil Gramm, Jim Leach and Thomas Bliley and Wall Street Democrats like Robert Rubin, Tim Geithner and Larry Summers, and signed by Bill Clinton, who was getting impeached for sexual peccadilloes at the time. The removal of Glass-Steagall left the door wide open for the kind of Ponzi schemes that crashed the economy in 2007-2008 as they did back in 1929 to kick off the last Great Depression. It was Roosevelt who led the country out of the Great Depression, with the bipartisan support of Congress, by passing Glass-Steagall in the famous first hundred days of his administration. There are currently two bills in Congress, one in the Senate and one in the House: In the Senate it is S. 1282, Elizabeth Warren’s Glass Steagall for the 21st Century act, now with nine co-sponsors, the latest being Bernie Sanders,
    http://beta.congress.gov/bill/113th/senate-bill/1282

    In the House it is HR 129, sponsored by Marcie Kaptur with 75 cosponsors.
    http://beta.congress.gov/bill/113th-congress/house-bill/129
    Only a few Republicans are cosponsoring either bill, but this is not a partisan bill. I spent the weekend at the California State Republican Convention handing out leaflets trying to convince them to support these bills. I got a surprising amount of agreement from those who had heard of it. In a nutshell, what this bill will do is force the separation of commercial banks with valid financial assets such as deposits and pensions from investment banks that have no restrictions on how they invest their money. Under Glass-Steagall, the former are government protected by FDIC insurance, but in return they are strongly restricted in how they can use the money. The Federal Deposit Insurance Corporation (FDIC) was established as part of the Glass-Steagall law in 1933 for this purpose. Now FDIC insurance still exists, but the separation between commercial and investment banks that went along with it has disappeared. The large financial institutions make risky, highly leveraged bets in derivatives and asset-backed securities knowing that the government will bail them out because their collapse threatens the whole economy. They are “too big to fail”. Glass-Steagall breaks up these TBTF banks in the right way, by preserving valid financial assets – deposits, savings and pensions, while cutting off what are essentially hundreds of trillions of dollars of worthless gambling debts. Without the guaranteed government safety net, these “assets” will become worthless, and the big investment banks all over the world will be bankrupt. Their financial power will be destroyed, and with it their grip on the world economy. With what is left of our economy preserved, we can go on to rebuild our economy with an American credit system along the lines envisioned by Alexander Hamilton to invest in the future. The international banks fear Glass-Steagall above all else. http://larouchepac.com/node/28430.

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