Controversial Individuals Associated with the Obama Administration
updated September 15, 2018
This article summarizes individuals which have transitioned into the Obama Administration, most being veterans of the Clinton and Bush Administrations and having histories of being involved in furthering long-range globalist objectives.
Thirty-one of the forty-seven people Barack Obama had named for appointments had ties to the Clinton Administration, including Hillary Clinton, Eric Holder, Larry Summers, Madeline Albright, Rahm Emanuel, and Timothy Geithner.
Military hawks from previous Administrations have been transitioned as well, including Zbigniew Brzezinski, and Robert Gates has been held over from the Bush Administration.
Larry Summers and Timothy Geithner have been involved with implementing damaging financial legislation during the Clinton Administration, and Rahm Emanuel has been a strong proponent of NAFTA and WTO related legislation.
This page is continually expanded and updated, and is a part of the article A Summary of Long Term Globalist Establishment Agendas of the Global Elite.
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Video Clip: Surprising Dishonesties of the Obama Administration
Joe Biden - Vice President | John Holdren - Science Czar
Robert Gates - Secretary of Defense | Eric Holder - Attorney General
Hillary Clinton - Secretary of State | Zbigniew Brzezinski - Foreign Policy Advisor
Madeline Albright - Presidential Advisor | Rahm Emanuel - Chief of Staff
Larry Summers - National Economic Council | Timothy Geithner - Treasury Secretary
Joe Biden - Vice President | John Holdren - Science Czar
Robert Gates - Secretary of Defense | Eric Holder - Attorney General
Hillary Clinton - Secretary of State | Zbigniew Brzezinski - Foreign Policy Advisor
Madeline Albright - Presidential Advisor | Rahm Emanuel - Chief of Staff
Larry Summers - National Economic Council | Timothy Geithner - Treasury Secretary
The Obama Deception - Clip: Surprising Dishonesties of the Obama Administration
Alex Jones has released the documentary “The Obama Deception” on DVD, detailing many inconsistencies between Barack Obama's media manufactured public persona and the true agendas of his administration as being controlled by Madison Avenue, Wall Street and Globalist Elite interests. The film explains specifically how the administration is continuing long-term globalist objectives of intentionally imploding the American economy for the purpose of empowering a dictatorial world government, among many other issues.
The film includes commentary from author and historian Webster Griffin Tarpley, economist and author George Humphrey, hip hop artists Professor Griff of Public Enemy and KRS-One, and many others.
Explained in the video clip are globalist organizations such as the Trilateral Commission, the Bilderberg Group, and the Council on Foreign Relations (CFR), being powerful organizations that have been working together during the past century to incrementally seize control of the centers of power on the global level— including political, monetary, intellectual, and ecclesiastical.
Also explained is the seemingly endless list of dishonest campaign promises made by Barack Obama and how he set about aggressively breaking those promises on the first day of his Administration. The broken promises fit into a big picture of satisfying long term globalist agendas such as imploding the American economy for the purpose of empowering a dictatorial world government.
The individual video page contains a written transcript of the information in this clip.
Joe Biden - Vice President
There are many questionable issues about Vice President Joe Biden, including his having past dishonest behavior such as plagiarism and false claims of academic achievement, conflicts of interest associated with the financial institution MBNA, and issues with the 9/11 attacks and the 1993 Waco siege of the Branch Davidian compound.
An article written August 23, 2008 on Truthnews.net explains that the then running mate of Barack Obama Joe Biden has many disturbing character issues, including:
— It was discovered that Biden had plagiarized speeches by British politician Neil Kinnock, who was the leader of the British Labor Party, and Biden also plagiarized a law review article in portions of a class paper he wrote in law school.
— Biden claimed to graduate in the “top half” of his class when in fact he graduated 76th out of 85, and he also claimed to attend Syracuse law school on a full scholarship as the only member of his law class to do so, when he actually attended on a half scholarship based on financial need.
— Biden also claimed that he had “graduated with three degrees from college” when he actually received a single degree from the University of Delaware with a double major.
— Biden claimed to graduate in the “top half” of his class when in fact he graduated 76th out of 85, and he also claimed to attend Syracuse law school on a full scholarship as the only member of his law class to do so, when he actually attended on a half scholarship based on financial need.
— Biden also claimed that he had “graduated with three degrees from college” when he actually received a single degree from the University of Delaware with a double major.
An article on the website NNDB explains conflicts of interest Biden has with the credit card company MBNA:
“Over his long career in the Senate, Biden’s biggest financial supporter was the credit card company MBNA, until it was swallowed by Bank of America. His son, Hunter Biden, was hired as a management trainee at MBNA straight out of law school, and was quickly promoted to executive vice president. The younger Biden has since left MBNA to establish his own lawyer-and-lobbying firm. In 2006, Hunter Biden was appointed by President Bush to a five-year term on the Amtrak Reform Board.”
June 5, 2007
This article details Joe Biden's meeting with the chief financier of the 9/11 hijackers Mahmoud Ahmad in the days after September 11, and and how Ahmad was then allowed to travel freely back to Pakistan. Also, on the morning of the 9/11 attacks, Ahmad was at a breakfast meeting hosted by Sentor Bob Graham and Rep. Porter Goss, the chairman of the Senate and House Intelligence committees.
Excerpts from the article:
Presidential candidate Senator Joe Biden admitted meeting with the chief financier of the 9/11 hijackers in the days after September 11 after being confronted by We Are Change founder Luke Rudkowski in the press room following Sunday's Democratic debate in New Hampshire.
According to the FBI and as confirmed by various news reports at the time, Pakistani ISI General Mahmoud Ahmad instructed Omar Saeed Sheikh, the alleged assassin of Daniel Pearl, to wire $100,000 to alleged lead hijacker Mohammed Atta in the summer of 2001.
Arriving exactly one week before 9/11, the general met with Pentagon, White House National Security Council and CIA officials, including George Tenet and Marc Grossman, then U.S. Under Secretary of State for Political Affairs.
On the very morning of 9/11, Ahmad was at a breakfast meeting on Capitol Hill hosted by Senator Bob Graham and Rep. Porter Goss, the chairmen of the Senate and House Intelligence committees.
Two days after the attack on the twin towers and the Pentagon, on September 13th, Senator Joseph Biden, Chairman of the Senate Foreign Relations Committee, met with the ISI chief.
No adequate explanation has been forthcoming as to why top government and intelligence officials were meeting with the money man behind the alleged hijackers before and after 9/11.
...
Excerpts from the article:
Presidential candidate Senator Joe Biden admitted meeting with the chief financier of the 9/11 hijackers in the days after September 11 after being confronted by We Are Change founder Luke Rudkowski in the press room following Sunday's Democratic debate in New Hampshire.
According to the FBI and as confirmed by various news reports at the time, Pakistani ISI General Mahmoud Ahmad instructed Omar Saeed Sheikh, the alleged assassin of Daniel Pearl, to wire $100,000 to alleged lead hijacker Mohammed Atta in the summer of 2001.
Arriving exactly one week before 9/11, the general met with Pentagon, White House National Security Council and CIA officials, including George Tenet and Marc Grossman, then U.S. Under Secretary of State for Political Affairs.
On the very morning of 9/11, Ahmad was at a breakfast meeting on Capitol Hill hosted by Senator Bob Graham and Rep. Porter Goss, the chairmen of the Senate and House Intelligence committees.
Two days after the attack on the twin towers and the Pentagon, on September 13th, Senator Joseph Biden, Chairman of the Senate Foreign Relations Committee, met with the ISI chief.
No adequate explanation has been forthcoming as to why top government and intelligence officials were meeting with the money man behind the alleged hijackers before and after 9/11.
...
running time 9 minutes, 50 seconds
The 1997 Academy Award nominated documentary “Waco: The Rules of Engagement” details evidence showing how the United States agency the Bureau of Alcohol, Tobacco and Firearms intentionally set fire to the Branch Davidian compound in Waco, Texas in April 1993, killing up to 86 people— many being women and children. Also shown is how the Bureau took steps to ensure that the fire would spread and engulf the building as quickly as possible, as well as how they machine gunned unarmed people as they tried to escape the burning building.
After previous segments of the documentary detailed the credibility of the evidence presented at the Senate hearings questioning the Agents’ acts, Joe Biden and others attempted to downplay the significance of the testimony of the witnesses and the evidence presented.
Joe Biden said: “The record of the Waco incident documents mistakes. What the record from Waco does not evidence, however, is any improper motive or intent on the part of law enforcement. David Koresh and the Davidians set fire to themselves, and committed suicide. The government did not do that.”
Farris L. Rookstool III, Former FBI Special Agent: “That assertion to me, that the media and the government has made a blanket declaration that the Branch Davidians committed ‘mass suicide’ [being] equated to a Jonestown, Guyana suicide, is a most irresponsible statement that can be attributed to anything having to do with the Waco incident. I find that very offending to me, and offensive to the memory of the Davidians and everybody involved in this tragedy to wrap it up in a nice clean ‘Well, it was a mass suicide, end of story.’— because it was far from it.”
View the website for this film.
After previous segments of the documentary detailed the credibility of the evidence presented at the Senate hearings questioning the Agents’ acts, Joe Biden and others attempted to downplay the significance of the testimony of the witnesses and the evidence presented.
Joe Biden said: “The record of the Waco incident documents mistakes. What the record from Waco does not evidence, however, is any improper motive or intent on the part of law enforcement. David Koresh and the Davidians set fire to themselves, and committed suicide. The government did not do that.”
Farris L. Rookstool III, Former FBI Special Agent: “That assertion to me, that the media and the government has made a blanket declaration that the Branch Davidians committed ‘mass suicide’ [being] equated to a Jonestown, Guyana suicide, is a most irresponsible statement that can be attributed to anything having to do with the Waco incident. I find that very offending to me, and offensive to the memory of the Davidians and everybody involved in this tragedy to wrap it up in a nice clean ‘Well, it was a mass suicide, end of story.’— because it was far from it.”
View the website for this film.
John Holdren - Science Czar
President Obama’s top science and technology advisor John P. Holdren co-authored a 1977 book in which he advocated the formation of a “planetary regime” that would use a “global police force” to enforce totalitarian measures of population control, including forced abortions, mass sterilization programs conducted via the food and water supply, as well as mandatory bodily implants that would prevent couples from having children.
Following are excerpts from the article Obama Science Advisor Called For ”Planetary Regime” To Enforce Totalitarian Population Control Measures:
President Obama’s top science and technology advisor John P. Holdren co-authored a 1977 book in which he advocated the formation of a “planetary regime” that would use a “global police force” to enforce totalitarian measures of population control, including forced abortions, mass sterilization programs conducted via the food and water supply, as well as mandatory bodily implants that would prevent couples from having children.
...
Ecoscience discusses a number of ways in which the global population could be reduced to combat what the authors see as mankind’s greatest threat - overpopulation. In each case, the proposals are couched in sober academic rhetoric, but the horrifying foundation of what Holdren and his co-authors are advocating is clear. These proposals include:
— Forcibly and unknowingly sterilizing the entire population by adding infertility drugs to the nation’s water and food supply.
— Legalizing “compulsory abortions,” ie forced abortions carried out against the will of the pregnant women, as is common place in Communist China where women who have already had one child and refuse to abort the second are kidnapped off the street by the authorities before a procedure is carried out to forcibly abort the baby.
— Babies who are born out of wedlock or to teenage mothers to be forcibly taken away from their mother by the government and put up for adoption. Another proposed measure would force single mothers to demonstrate to the government that they can care for the child, effectively introducing licensing to have children.
— Implementing a system of “involuntary birth control,” where both men and women would be mandated to have an infertility device implanted into their body at puberty and only have it removed temporarily if they received permission from the government to have a baby.
— Permanently sterilizing people who the authorities deem have already had too many children or who have contributed to “general social deterioration.”
— Formally passing a law that criminalizes having more than two children, similar to the one child policy in Communist China.
— This would all be overseen by a transnational and centralized “planetary regime” that would utilize a “global police force” to enforce the measures outlined above. The “planetary regime” would also have the power to determine population levels for every country in the world.
...
Ecoscience discusses a number of ways in which the global population could be reduced to combat what the authors see as mankind’s greatest threat - overpopulation. In each case, the proposals are couched in sober academic rhetoric, but the horrifying foundation of what Holdren and his co-authors are advocating is clear. These proposals include:
— Forcibly and unknowingly sterilizing the entire population by adding infertility drugs to the nation’s water and food supply.
— Legalizing “compulsory abortions,” ie forced abortions carried out against the will of the pregnant women, as is common place in Communist China where women who have already had one child and refuse to abort the second are kidnapped off the street by the authorities before a procedure is carried out to forcibly abort the baby.
— Babies who are born out of wedlock or to teenage mothers to be forcibly taken away from their mother by the government and put up for adoption. Another proposed measure would force single mothers to demonstrate to the government that they can care for the child, effectively introducing licensing to have children.
— Implementing a system of “involuntary birth control,” where both men and women would be mandated to have an infertility device implanted into their body at puberty and only have it removed temporarily if they received permission from the government to have a baby.
— Permanently sterilizing people who the authorities deem have already had too many children or who have contributed to “general social deterioration.”
— Formally passing a law that criminalizes having more than two children, similar to the one child policy in Communist China.
— This would all be overseen by a transnational and centralized “planetary regime” that would utilize a “global police force” to enforce the measures outlined above. The “planetary regime” would also have the power to determine population levels for every country in the world.
Robert Gates - Secretary of Defense
Robert Gates was indicted for involvement in covering up the Iran-Contra scandal.
Secretary of Defense Robert Gates has been involved with over three decades of questionable activities in the CIA intelligence community, and he remains as the Pentagon Chief in the Obama Administration.
Gates worked under Reagan's CIA director William Casey, and when nominated by Reagan to head the CIA in 1987, he was forced to drop out of consideration under questioning due to the fact that he was indicted for his involvement in covering up the Iran-Contra scandal.
Gates also had a key role in supporting the Afghan Mujahideen against the Soviets, first as an assistant to Zbigniew Brzezinski during the 1970s and then while working under William Casey during the Reagan Administration.
When nominated to be the head the CIA in 1991 under George W Bush, Gates was appointed to the post mainly due to many members of Congress being too intimidated by Bush's recent victory in Iraq to block the nomination, despite his appointment being opposed by a few individuals such as Senator Joe Biden, who today finds Gates to be acceptable for the important post of Secretary of Defense.
During Gates’ present involvement in the Bush Administration, he was the primary advocate for the Iraq “surge” which increased U.S. military presence in the country, and he has also pushed for a new nuclear arsenal including smaller tactical nuclear weapons.
From Webster Griffin Tarpley, author of “Obama: The Postmodern Coup”:
In September 1991, Time Magazine cited widespread reports that Gates 'cooked the books' while he was at the CIA to support the political demands of the Reagan and Bush regimes. A New York Times editorial of November 4, 1991 concluded that 'charges that Mr. Gates slanted intelligence assessments, leaving Congress in the dark and more amenable to administration policy, stand unrefuted.' George Shultz reports in his memoirs that he 'felt that Gates was giving me an idealized picture of what was an altogether different reality,' and complained to Gates on January 5, 1987, 'I don’t have any confidence in the intelligence community I feel you try to manipulate me. So you have a very dissatisfied customer. If this were a business, I’d find myself another supplier.'
...
According to former CIA Director Robert Gates’s memoir 'From the Shadows,' the big expansion of the US covert operation in Afghanistan began in 1984. During this year, 'the size of the CIA’s covert program to help the Mujahideen increased several times over,' reaching a level of about $500 million in US and Saudi payments funneled through the Zia regime in Pakistan. As Gates recalled, 'it was during this period [1985] that we began to learn of a significant increase in the number of Arab nationals from other countries who had traveled to Afghanistan to fight in the Holy War against the Soviets. They came from Syria, Iraq, Algeria, and elsewhere, and most fought with the Islamic fundamentalist Muj groups, particularly that headed by Abdul Resaul Sayyaf. We examined ways to increase their participation, perhaps in the form of some sort of 'international brigade,' but nothing came of it. Years later, these fundamentalist fighters trained by the Mujahideen in Afghanistan would begin to show up around the world, from the Middle East to New York City, still fighting their Holy War - only now including the United States among their enemies. Our mission was to push the Soviets out of Afghanistan. We expected a post-Soviet Afghanistan to be ugly, but never considered that it would become a haven for terrorists operating worldwide.' (Gates 349) But the international brigade Gates talked about was in fact created - as the group now known as al Qaeda. (Tarpley, 9/11 Synthetic Terror, pp.139-140 )
In September 1991, Time Magazine cited widespread reports that Gates 'cooked the books' while he was at the CIA to support the political demands of the Reagan and Bush regimes. A New York Times editorial of November 4, 1991 concluded that 'charges that Mr. Gates slanted intelligence assessments, leaving Congress in the dark and more amenable to administration policy, stand unrefuted.' George Shultz reports in his memoirs that he 'felt that Gates was giving me an idealized picture of what was an altogether different reality,' and complained to Gates on January 5, 1987, 'I don’t have any confidence in the intelligence community I feel you try to manipulate me. So you have a very dissatisfied customer. If this were a business, I’d find myself another supplier.'
...
According to former CIA Director Robert Gates’s memoir 'From the Shadows,' the big expansion of the US covert operation in Afghanistan began in 1984. During this year, 'the size of the CIA’s covert program to help the Mujahideen increased several times over,' reaching a level of about $500 million in US and Saudi payments funneled through the Zia regime in Pakistan. As Gates recalled, 'it was during this period [1985] that we began to learn of a significant increase in the number of Arab nationals from other countries who had traveled to Afghanistan to fight in the Holy War against the Soviets. They came from Syria, Iraq, Algeria, and elsewhere, and most fought with the Islamic fundamentalist Muj groups, particularly that headed by Abdul Resaul Sayyaf. We examined ways to increase their participation, perhaps in the form of some sort of 'international brigade,' but nothing came of it. Years later, these fundamentalist fighters trained by the Mujahideen in Afghanistan would begin to show up around the world, from the Middle East to New York City, still fighting their Holy War - only now including the United States among their enemies. Our mission was to push the Soviets out of Afghanistan. We expected a post-Soviet Afghanistan to be ugly, but never considered that it would become a haven for terrorists operating worldwide.' (Gates 349) But the international brigade Gates talked about was in fact created - as the group now known as al Qaeda. (Tarpley, 9/11 Synthetic Terror, pp.139-140 )
running time 1 hour, 10 minutes
This video explains the Iran-Contra scandal that was widely reported by the mainstream media during the late 1980’s.
[Editor’s Note, Updated May 30, 2021— This documentary reports the “official view” of the Iran-Contra scandal, however it does not take the full reality of the situation into account. The popular leader of Nicaragua Anastasio Somoza was previously overthrown by communist Sandinistas who were covertly supported by the globalist Establishment during the Carter Administration, and the “Contras” who were fighting the Sandinistas were also supported by the same globalist Establishment. Also, it is shown that the Ayatollah Khomeini had been installed by the global elite in Iran to act as “controlled opposition,” instead of being “a terrorist who was secretly being appeased,” as the media tried to portray him.]
[Editor’s Note, Updated May 30, 2021— This documentary reports the “official view” of the Iran-Contra scandal, however it does not take the full reality of the situation into account. The popular leader of Nicaragua Anastasio Somoza was previously overthrown by communist Sandinistas who were covertly supported by the globalist Establishment during the Carter Administration, and the “Contras” who were fighting the Sandinistas were also supported by the same globalist Establishment. Also, it is shown that the Ayatollah Khomeini had been installed by the global elite in Iran to act as “controlled opposition,” instead of being “a terrorist who was secretly being appeased,” as the media tried to portray him.]
Eric Holder - Attorney General
Attorney General Eric Holder was involved in the Presidential Pardon of the Billionaire Fugitive Marc Rich, he played a leading role in reauthorization of the Patriot Act in 2005, and he defended Chiquita Brands International whose executives were facing charges of aiding terrorism through their support of an organization whose gunmen carried out massacres, kidnapping, and torture of tens of thousands of people in Colombia.
From a November 20, 2008 article “Obama’s attorney general pick and the illusion of change” by Bill Van Auken:
The only widely reported criticism of Holder has come from the Republican right. It apparently wants to make an issue of the involvement of the former deputy attorney general in a presidential pardon issued by Bill Clinton at the end of his presidency for the billionaire fugitive investor Marc Rich. How much mileage they can get out of flogging this petty scandal is unclear. There is the inconvenient coincidence that Rich’s lawyer at the time of the pardon was Lewis 'Scooter' Libby, the former chief of staff to Vice President Cheney, who is expected to seek his own end-of-term pardon from President Bush on felony convictions in the Valerie Plame CIA identity leak case.
...
As a senior legal advisor to the Democratic Party, Holder was intimately involved in the party leadership’s complicity with the police state measures enacted under the Bush administration, playing a leading role in the talks that led to the reauthorization of the Patriot Act in 2005, for which Obama himself voted.
After leaving the Clinton administration, Holder parlayed his government service into a lucrative position as a partner at the Washington, DC legal and lobbying firm of Covington & Burling, which counts big tobacco among its most important clients.
Holder’s most high-profile case at the firm was his defense of the food giant Chiquita Brands International, Inc., whose multi-millionaire executives were facing potential charges of aiding terrorism because of their financing and arming of right-wing death squads in Colombia.
Using his longstanding ties at the Justice Department, Holder managed to get Chiquita off the hook with a fine that amounted to 0.55 percent of its annual revenue. This was despite the overwhelming evidence—and the company’s own admission—that it had paid out millions of dollars to the United Self-Defense Forces of Colombia (known by its Spanish acronym AUC), as its gunmen carried out the massacre, assassination, kidnapping and torture of tens of thousands of Colombian workers, peasants, trade union officials and left-wing political activists. Fully half of these payments were made after AUC was formally designated as a foreign terrorist organization, and they continued for a full year after the Justice Department had warned Chiquita that it would face prosecution if it failed to halt the payments.
Some have defended Holder on the grounds that he is not responsible for his clients’ actions and that every defendant is entitled to a lawyer. This is no doubt true, but lawyers also have a right to choose whom and what class interests they defend. Holder’s record is not that of a champion of civil and democratic rights or a defender of the oppressed, but rather a legal servant of the corporations and the state, complicit in their criminality and repression.
The only widely reported criticism of Holder has come from the Republican right. It apparently wants to make an issue of the involvement of the former deputy attorney general in a presidential pardon issued by Bill Clinton at the end of his presidency for the billionaire fugitive investor Marc Rich. How much mileage they can get out of flogging this petty scandal is unclear. There is the inconvenient coincidence that Rich’s lawyer at the time of the pardon was Lewis 'Scooter' Libby, the former chief of staff to Vice President Cheney, who is expected to seek his own end-of-term pardon from President Bush on felony convictions in the Valerie Plame CIA identity leak case.
...
As a senior legal advisor to the Democratic Party, Holder was intimately involved in the party leadership’s complicity with the police state measures enacted under the Bush administration, playing a leading role in the talks that led to the reauthorization of the Patriot Act in 2005, for which Obama himself voted.
After leaving the Clinton administration, Holder parlayed his government service into a lucrative position as a partner at the Washington, DC legal and lobbying firm of Covington & Burling, which counts big tobacco among its most important clients.
Holder’s most high-profile case at the firm was his defense of the food giant Chiquita Brands International, Inc., whose multi-millionaire executives were facing potential charges of aiding terrorism because of their financing and arming of right-wing death squads in Colombia.
Using his longstanding ties at the Justice Department, Holder managed to get Chiquita off the hook with a fine that amounted to 0.55 percent of its annual revenue. This was despite the overwhelming evidence—and the company’s own admission—that it had paid out millions of dollars to the United Self-Defense Forces of Colombia (known by its Spanish acronym AUC), as its gunmen carried out the massacre, assassination, kidnapping and torture of tens of thousands of Colombian workers, peasants, trade union officials and left-wing political activists. Fully half of these payments were made after AUC was formally designated as a foreign terrorist organization, and they continued for a full year after the Justice Department had warned Chiquita that it would face prosecution if it failed to halt the payments.
Some have defended Holder on the grounds that he is not responsible for his clients’ actions and that every defendant is entitled to a lawyer. This is no doubt true, but lawyers also have a right to choose whom and what class interests they defend. Holder’s record is not that of a champion of civil and democratic rights or a defender of the oppressed, but rather a legal servant of the corporations and the state, complicit in their criminality and repression.
Hillary Clinton - Secretary of State
Barack Obama has transitioned a large portion of the Clinton Administration into his own despite defeating Hillary Clinton in the Democratic Primaries, and in the process he has also transitioned Clinton's legacy of globalist financial legislation and foreign policy. Thirty-one of the forty-seven people he has named for appointments have ties to the Clinton Administration, including Hillary as Secretary of State.
Clinton Globalist Elite Financial Agendas
From the article Globalist Establishment Aspects of the Clinton Administration:
The Clinton Administration enacted The Financial Services Modernization Act (FSMA) in 1999 to repeal the Glass-Steagall Act of 1933 which was put in place to curb the amount of corruption and insider trading which resulted in the 1929 Wall Street Crash. The FSMA essentially “broke the back of the New Deal,” by transferring control of the United States financial services industry to a few financial conglomerates, creating a massive concentration of financial power. The FSMA is one of the main causes of the 2008 financial meltdown.
Bill Clinton also implemented much legislation helping to pave the way toward dissolving national sovereignty and establishing global government. Clinton successfully pushed the North American Free Trade Agreement (NAFTA) through Congress in 1993, which laid the architecture for a new international system of trade and corporatism which was poorly understood my many who had voted for it. A year after the formation of NAFTA, Clinton pulled the United States into the World Trade Organization (WTO), which established global policies which NAFTA was meant to implement. The long-range goal of these agreements is to break down national sovereignties, increase global corporate influence, and empower global governmental bodies over individual national governments.
The Clinton Administration enacted The Financial Services Modernization Act (FSMA) in 1999 to repeal the Glass-Steagall Act of 1933 which was put in place to curb the amount of corruption and insider trading which resulted in the 1929 Wall Street Crash. The FSMA essentially “broke the back of the New Deal,” by transferring control of the United States financial services industry to a few financial conglomerates, creating a massive concentration of financial power. The FSMA is one of the main causes of the 2008 financial meltdown.
Bill Clinton also implemented much legislation helping to pave the way toward dissolving national sovereignty and establishing global government. Clinton successfully pushed the North American Free Trade Agreement (NAFTA) through Congress in 1993, which laid the architecture for a new international system of trade and corporatism which was poorly understood my many who had voted for it. A year after the formation of NAFTA, Clinton pulled the United States into the World Trade Organization (WTO), which established global policies which NAFTA was meant to implement. The long-range goal of these agreements is to break down national sovereignties, increase global corporate influence, and empower global governmental bodies over individual national governments.
Clinton Military Foreign Policy
From the article Globalist Establishment Aspects of the Clinton Administration:
Bill Clinton supported and enforced the sanctions against Iraq after the Gulf War, resulting in the deaths of over 1.5 million Iraqis, many of them children dying due to chronic malnutrition and disease brought about by shortage of potable water and medicines. The sanctions also involved intense satellite surveillance and regular bombing attacks which frequently caused civilian casualties.
...
In 1994, genocide occurred in the African country of Rwanda over the course of 100 days where over 800,000 people lost their lives. Despite daily reports of what was happening, Clinton and the United Nations did nothing to intervene despite having a presence in the country before the violence broke out, and many point out the fact that Rwanda has no natural resources such as oil or mineral wealth.
...
In 1999, a NATO-U.S. led war against Yugoslavia was gradually extended to the targeting of civilian infrastructure, including houses, hospitals, schools, trains, factories, power stations, and broadcasting facilities, in violation of the laws of war. Thousands of civilians were killed and more than 6,000 sustained serious injuries. Over 60 percent of NATO targets were civilian, including 33 hospitals, 344 schools, and 144 industrial plants including a large petro-chemical plant whose bombing caused widespread toxic pollution which contaminated the drinking water for ten million people in the region.
Bill Clinton supported and enforced the sanctions against Iraq after the Gulf War, resulting in the deaths of over 1.5 million Iraqis, many of them children dying due to chronic malnutrition and disease brought about by shortage of potable water and medicines. The sanctions also involved intense satellite surveillance and regular bombing attacks which frequently caused civilian casualties.
...
In 1994, genocide occurred in the African country of Rwanda over the course of 100 days where over 800,000 people lost their lives. Despite daily reports of what was happening, Clinton and the United Nations did nothing to intervene despite having a presence in the country before the violence broke out, and many point out the fact that Rwanda has no natural resources such as oil or mineral wealth.
...
In 1999, a NATO-U.S. led war against Yugoslavia was gradually extended to the targeting of civilian infrastructure, including houses, hospitals, schools, trains, factories, power stations, and broadcasting facilities, in violation of the laws of war. Thousands of civilians were killed and more than 6,000 sustained serious injuries. Over 60 percent of NATO targets were civilian, including 33 hospitals, 344 schools, and 144 industrial plants including a large petro-chemical plant whose bombing caused widespread toxic pollution which contaminated the drinking water for ten million people in the region.
Zbigniew Brzezinski - Foreign Policy Advisor
Zbigniew Brzezinski is a political scientist and geostrategist who served as National Security Advisor to President Jimmy Carter from 1977 to 1981. He is known for his Hawkish foreign policy and is considered to be a “Democratic version of Henry Kissinger.”
Brzezinski has a long history of military interventionism in the Middle East. His strategies have involved provoking wars between countries in order to further long-term globalist agendas, including provoking the Soviet-Afghanistan war during the 1970s and the Iran-Iraq war during the 1980s. He has also empowered the Afghan Mujahideen against the Soviets in 1979, who eventually transformed into the Taliban and Al-Qaeda.
Brzezinski is also involved with globalist organizations such as the Trilateral Commission, the Bilderberg Group, the Council on Foreign Relations (CFR), and the Rand Corporation.
From Wikipedia:
Zbigniew Kazimierz Brzezinski, born March 28, 1928, Warsaw, Poland, is a Polish-American political scientist, geostrategist, and statesman who served as United States National Security Advisor to President Jimmy Carter from 1977 to 1981. Known for his hawkish foreign policy at a time when the Democratic Party was increasingly dovish, he is a foreign policy realist and considered by some to be the Democrats' response to Republican realist Henry Kissinger.
...
He is currently professor of American foreign policy at Johns Hopkins University's School of Advanced International Studies, a scholar at the Center for Strategic and International Studies, and a member of various boards and councils. He appears frequently as an expert on the PBS program The NewsHour with Jim Lehrer.
Zbigniew Kazimierz Brzezinski, born March 28, 1928, Warsaw, Poland, is a Polish-American political scientist, geostrategist, and statesman who served as United States National Security Advisor to President Jimmy Carter from 1977 to 1981. Known for his hawkish foreign policy at a time when the Democratic Party was increasingly dovish, he is a foreign policy realist and considered by some to be the Democrats' response to Republican realist Henry Kissinger.
...
He is currently professor of American foreign policy at Johns Hopkins University's School of Advanced International Studies, a scholar at the Center for Strategic and International Studies, and a member of various boards and councils. He appears frequently as an expert on the PBS program The NewsHour with Jim Lehrer.
Involvement in Middle East Conflicts
Zbigniew Brzezinski has served as Jimmy Carter's National Security Advisor from 1977 to 1981, and has a long history of military interventionism in the Middle East. His strategies have involved provoking wars between countries in order to further long-term globalist agendas.
Policies and strategies which Brzezinski created include provoking of the Soviet-Afghanistan war occurring between 1979-1989, causing 2-3 million deaths, and provoking of the Iran-Iraq war occurring between 1980-1988 which resulted in another 1.5 million deaths. He has also empowered the Afghan Mujahideen against the Soviets in 1979, who eventually transformed into the Taliban and Al-Qaeda.
A policy known as the “Carter Doctrine” which Brzezinski helped to create was delivered in Jimmy Carter's 1977 State of the Union Address, which essentially established a US claim to the Persian Gulf and was the basis of the first Iraq war and the current one.
Brzezinski founded the Trilateral Commission with David Rockefeller in 1973, and he is a member of the Bilderberg Group, the Council on Foreign Relations (CFR), and is a leading member of the Rand corporation.
Brzezinski has been involved in all major Middle East conflicts since working in the Carter Administration, and he has recently become empowered behind the scenes inside the US Government in the late months of 2006 through involvement with the Baker-Hamilton Iraq Study Group, and also through involvement with the National Intelligence Estimate on Iran—both of which have recently gained authority in creating US military foreign policy.
In the past few years, Brzezinski has come out as an opponent of the war in Iraq, however it is shown that his doing so is a political ploy in order to restore his credibility in the eyes of the public, as recent military activity in Pakistan as well as Barack Obama filling his Administration with many hawkish individuals from previous Administrations suggest plans for an increase of U.S. military activity, which is contrary to perceptions Obama created while campaigning.
Family Connections
Brzezinski's son Mark works in the Obama camp, his daughter Mika is a television personality, and his son Ian is in the Bush Administration Pentagon as Deputy Assistant Secretary of Defense for NATO and Europe. Ian was involved in the Polish Missile Crisis, the Kosovo Missile Crisis, and he also wrote an anti-russian speech that John McCain recently delivered in Los Angeles.
Timeline Profile of Zbigniew Brzezinski
The online resource Cooperative Research accumulates references to mainstream news articles concerning topics of political importance and arranges them into timelines.
View a timeline profile of Zbigniew Brzezinski including references to his involvement in Middle East foreign policy over the past decades.
Madeline Albright - Presidential Advisor
Madeleine Albright has been assigned by Barack Obama to report on how to “strengthen US leadership in responding to genocide,” however Albright's history makes her qualifications for such a position questionable due to past associations with the sanctions against Iraq, Genocide in Rwanda, and the Bombing of Yugoslavia, all occuring during her role as Secretary of State under Bill Clinton or while Ambassador to the United Nations.
As Secretary of State she was heavily associated with the sanctions against Iraq which killed over 1.5 million people, many of them children. From an interview on CBS's 60 Minutes: “We have heard that half a million children have died. I mean, that’s more children than died in Hiroshima. And, you know, is the price worth it?” Albright replied: “I think this is a very hard choice, but the price — we think the price is worth it.”
While being Ambassador to the United Nations under Clinton, Albright did nothing to stop the 1994 genocide in Rwanda where over 800,000 people were slain and many more maimed, despite the United States and the UN being informed of the situation from its onset.
In 1999, Albright helped forward a NATO-U.S. led war against Yugoslavia which targeted of civilian infrastructure, including houses, hospitals, schools, trains, factories, power stations, and broadcasting facilities, in violation of the laws of war. Thousands of civilians were killed and more than 6,000 sustained serious injuries. Over 60 percent of NATO targets were civilian, including 33 hospitals, 344 schools, and 144 industrial plants including a large petro-chemical plant whose bombing caused widespread toxic pollution which contaminated the drinking water for ten million people in the region.
running time 13 minutes
Produced and directed by Gloria La Riva in 1998 (long before the current war in Iraq), this film features former Attorney General of the United States, Ramsey Clark, as he shows the terrible conditions the Iraqi's were suffering from due to the first U.S. war on Iraq. UNICEF, the International Red Cross and other world organizations estimate around 5,000 children were dying every month in Iraq after that war and the imposition of sanctions placed on that country.
Over 1.5 million Iraqi's died as a result of the sanctions alone. Ramsey Clark goes into the hospitals and talks with Iraqi doctors, who say many of these deaths could have been prevented if they had medicine to give to the children. The United States bombed out their way of life; their water treatment facilities, food delivery systems, sewage treatment facilities, electrical systems, their mass communication facilities and more. And Americans were lead to believe that this was a good thing.
Over 1.5 million Iraqi's died as a result of the sanctions alone. Ramsey Clark goes into the hospitals and talks with Iraqi doctors, who say many of these deaths could have been prevented if they had medicine to give to the children. The United States bombed out their way of life; their water treatment facilities, food delivery systems, sewage treatment facilities, electrical systems, their mass communication facilities and more. And Americans were lead to believe that this was a good thing.
Rahm Emanuel - Chief of Staff
Obama Chief of Staff Rahm Emanuel has been described even by Time Magazine as a “profane, hyperactive attack dog,” and he known for being a strong advocate of hawkish foreign policies as well as corporate globalist agendas such as NAFTA and the World Trade Organization.
After being a senior advisor in the Clinton Administration, Emanuel was elected to Congress in 2002 and was the chairman of the House Democratic Caucus.
After his Congressional career, Emanuel became wealthy as an investment banker and also sat of the board of mortgage giant Freddie Mac.
His brother Ari is an influencial Hollywood agent and the basis for the character “Ari Gold” in the HBO series “Entourage,” and Emanuel himself was the basis for the character “Deputy Chief of Staff Josh Lyman” in the television series “The West Wing.” Ari is also the agent for the filmmaker Michael Moore.
From a Times Online Article:
At a dinner to celebrate Bill Clinton’s first presidential victory — Mr. Emanuel was his chief fundraiser — he began to reel off the names of those who had “crossed” him. He grabbed a steak knife and began plunging it into the table shouting “Dead! Dead! Dead!” after each name.
”When he was done the table looked like a lunar landscape,” a witness relates. “It was like something out of The Godfather. But that’s Rahm for you.”
At a dinner to celebrate Bill Clinton’s first presidential victory — Mr. Emanuel was his chief fundraiser — he began to reel off the names of those who had “crossed” him. He grabbed a steak knife and began plunging it into the table shouting “Dead! Dead! Dead!” after each name.
”When he was done the table looked like a lunar landscape,” a witness relates. “It was like something out of The Godfather. But that’s Rahm for you.”
Larry Summers - National Economic Council
Larry Summers has a long history of imposing damaging economic legislation which empowers corporate globalist elites. As a protege of David Rockefeller, his appointment as Treasury Secretary by Bill Clinton in 1999 facilitated his role in the repeal of the Glass Steagall Act and the adoption of the Financial Services Modernization Act, which provided legitimacy to insider trading and financial manipulation.
From a November 9, 2008 article by Michel Chossudovsky “Who are the Architects of the Economic Collapse?”:
...
Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006).
Harvard University Economics Professor Lawrence Summers served as Chief Economist for the World Bank (1991-1993). He contributed to shaping the macro-economic reforms imposed on numerous indebted developing countries. The social and economic impact of these reforms under the IMF-World Bank sponsored structural adjustment program (SAP) were devastating, resulting in mass poverty.
Larry Summer's stint at the World Bank coincided with the collapse of the Soviet Union and the imposition of the IMF-World Bank's deadly “economic medicine” on Eastern Europe, the former Soviet republics and the Balkans.
In 1993, Summers moved to the US Treasury. He initially held the position of Undersecretary of the Treasury for international affairs and later Deputy Secretary. In liaison with his former colleagues at the IMF and the World Bank, he played a key role in crafting the economic “shock treatment” reform packages imposed at the height of the 1997 Asian crisis on South Korea, Thailand and Indonesia.
The bailout agreements negotiated with these three countries were coordinated through Summers office at the Treasury in liaison with the Federal Reserve Bank of New York and the Washington based Bretton Woods institutions. Summers worked closely with IMF Deputy Managing Director Stanley Fischer, who was later appointed Governor of the Central Bank of Israel.
Larry Summers became Treasury Secretary in July 1999. He is a protege of David Rockefeller. He was among the main architects of the infamous Financial Services Modernization Act, which provided legitimacy to inside trading and outright financial manipulation.
”Putting the Fox in Charge of the Chicken Coop”
Summers is currently a Consultant to Goldman Sachs and managing director of a Hedge fund, the D.E. Shaw Group, As a Hedge Fund manager, his contacts at the Treasury and on Wall Street provide him with valuable inside information on the movement of financial markets.
Putting a Hedge Fund manager (with links to the Wall Street financial establishment) in charge of the Treasury is tantamount to putting the fox in charge of the chicken coop.
The Washington Consensus
Summers, Geithner, Corzine, Volker, Fischer, Phil Gramm, Bernanke, Hank Paulson, Rubin, not to mention Alan Greenspan, al al. are buddies; they play golf together; they have links to the Council on Foreign Relations and the Bilderberg; they act concurrently in accordance with the interests of Wall Street; they meet behind closed doors; they are on the same wave length; they are Democrats and Republicans.
While they may disagree on some issues, they are firmly committed to the Washington-Wall Street Consensus. They are utterly ruthless in their management of economic and financial processes. Their actions are profit driven. Outside of their narrow interest in the “efficiency” of “markets,” they have little concern for “living human beings.” How are people's lives affected by the deadly gamut of macro-economic and financial reforms, which is spearheading entire sectors of economic activity into bankruptcy.
...
...
Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006).
Harvard University Economics Professor Lawrence Summers served as Chief Economist for the World Bank (1991-1993). He contributed to shaping the macro-economic reforms imposed on numerous indebted developing countries. The social and economic impact of these reforms under the IMF-World Bank sponsored structural adjustment program (SAP) were devastating, resulting in mass poverty.
Larry Summer's stint at the World Bank coincided with the collapse of the Soviet Union and the imposition of the IMF-World Bank's deadly “economic medicine” on Eastern Europe, the former Soviet republics and the Balkans.
In 1993, Summers moved to the US Treasury. He initially held the position of Undersecretary of the Treasury for international affairs and later Deputy Secretary. In liaison with his former colleagues at the IMF and the World Bank, he played a key role in crafting the economic “shock treatment” reform packages imposed at the height of the 1997 Asian crisis on South Korea, Thailand and Indonesia.
The bailout agreements negotiated with these three countries were coordinated through Summers office at the Treasury in liaison with the Federal Reserve Bank of New York and the Washington based Bretton Woods institutions. Summers worked closely with IMF Deputy Managing Director Stanley Fischer, who was later appointed Governor of the Central Bank of Israel.
Larry Summers became Treasury Secretary in July 1999. He is a protege of David Rockefeller. He was among the main architects of the infamous Financial Services Modernization Act, which provided legitimacy to inside trading and outright financial manipulation.
”Putting the Fox in Charge of the Chicken Coop”
Summers is currently a Consultant to Goldman Sachs and managing director of a Hedge fund, the D.E. Shaw Group, As a Hedge Fund manager, his contacts at the Treasury and on Wall Street provide him with valuable inside information on the movement of financial markets.
Putting a Hedge Fund manager (with links to the Wall Street financial establishment) in charge of the Treasury is tantamount to putting the fox in charge of the chicken coop.
The Washington Consensus
Summers, Geithner, Corzine, Volker, Fischer, Phil Gramm, Bernanke, Hank Paulson, Rubin, not to mention Alan Greenspan, al al. are buddies; they play golf together; they have links to the Council on Foreign Relations and the Bilderberg; they act concurrently in accordance with the interests of Wall Street; they meet behind closed doors; they are on the same wave length; they are Democrats and Republicans.
While they may disagree on some issues, they are firmly committed to the Washington-Wall Street Consensus. They are utterly ruthless in their management of economic and financial processes. Their actions are profit driven. Outside of their narrow interest in the “efficiency” of “markets,” they have little concern for “living human beings.” How are people's lives affected by the deadly gamut of macro-economic and financial reforms, which is spearheading entire sectors of economic activity into bankruptcy.
...
Timothy Geithner - Treasury Secretary
Timothy Geitner had been the President of the Federal Reserve Bank of New York, and has been appointed Treasury Secretary of the Obama Administration. He has been a part of such groups as the Council on Foreign Relations (CFR), the International Monetary Fund (IMF), Kissinger and Associates, and David Rockefeller's Group of Thirty. He has a past history of taking orders directly from international bankers and being friendly with AIG, Lehman, and Goldman Sachs.
From a November 9, 2008 article by Michel Chossudovsky “Who are the Architects of the Economic Collapse?”:
Timothy Geithner is CEO of the Federal Reserve Bank of New York, which is the most powerful private financial institution in America. He was also a former Clinton administration Treasury official. He has worked for Kissinger Associates and has also held a senior position at the IMF. The FRBNY plays a behind the scenes role in shaping financial policy. Geithner acts on behalf of powerful financiers, who are behind the FRBNY. He is also a member of the Council on Foreign Relations (CFR)
...
The Washington Consensus
Summers, Geithner, Corzine, Volker, Fischer, Phil Gramm, Bernanke, Hank Paulson, Rubin, not to mention Alan Greenspan, al al. are buddies; they play golf together; they have links to the Council on Foreign Relations and the Bilderberg; they act concurrently in accordance with the interests of Wall Street; they meet behind closed doors; they are on the same wave length; they are Democrats and Republicans.
While they may disagree on some issues, they are firmly committed to the Washington-Wall Street Consensus. They are utterly ruthless in their management of economic and financial processes. Their actions are profit driven. Outside of their narrow interest in the “efficiency” of “markets,” they have little concern for “living human beings.” How are people's lives affected by the deadly gamut of macro-economic and financial reforms, which is spearheading entire sectors of economic activity into bankruptcy.
...
The 1997 Asian Crisis: Dress Rehearsal for Things to Come
In the course of 1997, currency speculation instrumented by major financial institutions directed against Thailand, Indonesia and South Korea was conducive to the collapse of national currencies and the transfer of billions of dollars of central bank reserves into private financial hands. Several observers pointed to the deliberate manipulation of equity and currency markets by investment banks and brokerage firms.
While the Asian bailout agreements were formally negotiated with the IMF, the major Wall Street commercial banks (including Chase, Bank of America, Citigroup and J. P. Morgan) as well as the “big five” merchant banks (Goldman Sachs, Lehman Brothers, Morgan Stanley and Salomon Smith Barney) were “consulted” on the clauses to be included in the Asian bail-out agreements. [Note: These are 1997 denominations of major financial institutions.]
The US Treasury in liaison with Wall Street and the Bretton Woods institutions played a central role in negotiating the bailout agreements. Both Larry Summers and Timothy Geithner, were actively involved on behalf of the US Treasury in the 1997 bailout of South Korea:
[In 1997] “Messrs. Summers and Geithner worked to persuade Mr. Rubin to support financial aid to South Korea. Mr. Rubin was wary of such a move, worrying that providing money to a country in dire straits might be a losing proposition...” (WSJ, November 8, 2008)
What happened in Korea under advice from Deputy Treasury Secretary Summers et al, had nothing to do with “financial aid.”
The country was literally ransacked. Undersecretary of the Treasury David Lipton was sent to Seoul in early December 1997. Secret negotiations were initiated. Washington had demanded the firing of the Korean Finance Minister and the unconditional acceptance of the IMF “bailout.”
A new finance minister, who happened to be former IMF and World Bank official, was appointed and immediately rushed off to Washington for “consultations” with his former IMF colleague Deputy Managing Director Stanley Fischer.
The Korean Legislature had met in emergency sessions on December 23. The final decision concerning the 57 billion dollar deal took place the following day, on Christmas Eve December 24th, after office hours in New York. Wall Street's top financiers, from Chase Manhattan, Bank America, Citicorp and J. P. Morgan had been called in for a meeting at the Federal Reserve Bank of New York. Also at the Christmas Eve venue, were representatives of the big five New York merchant banks including Goldman Sachs, Lehman Brothers, Morgan Stanley and Salomon Smith Barney. And at midnight on Christmas Eve, upon receiving the green light from the banks, the IMF was allowed to rush 10 billion dollars to Seoul to meet the avalanche of maturing short-term debts.
The coffers of Korea's central Bank had been ransacked. Creditors and speculators were anxiously awaiting to collect the loot. The same institutions which had earlier speculated against the Korean won were cashing in on the IMF bailout money. It was a scam. (See Michel Chossudovsky, The Recolonization of Korea, subsequently published as a chapter in The Globalization of Poverty and the New World Order, Global Research, Montreal, 2003.)
”Strong economic medicine” is the prescription of the Washington Consensus. “Short term pain for long term gain” was the motto at the World Bank during Lawrence Summers term of as World Bank Chief Economist. (See IMF, World Bank Reforms Leave Poor Behind, Bank Economist Finds, Bloomberg, November 7, 2000)
What we dealing with is an entire “old boys network” of officials and advisers at the Treasury, the Federal Reserve, the IMF, World Bank, the Washington Think Tanks, who are in permanent liaison with leading financiers on Wall Street.
...
Timothy Geithner is CEO of the Federal Reserve Bank of New York, which is the most powerful private financial institution in America. He was also a former Clinton administration Treasury official. He has worked for Kissinger Associates and has also held a senior position at the IMF. The FRBNY plays a behind the scenes role in shaping financial policy. Geithner acts on behalf of powerful financiers, who are behind the FRBNY. He is also a member of the Council on Foreign Relations (CFR)
...
The Washington Consensus
Summers, Geithner, Corzine, Volker, Fischer, Phil Gramm, Bernanke, Hank Paulson, Rubin, not to mention Alan Greenspan, al al. are buddies; they play golf together; they have links to the Council on Foreign Relations and the Bilderberg; they act concurrently in accordance with the interests of Wall Street; they meet behind closed doors; they are on the same wave length; they are Democrats and Republicans.
While they may disagree on some issues, they are firmly committed to the Washington-Wall Street Consensus. They are utterly ruthless in their management of economic and financial processes. Their actions are profit driven. Outside of their narrow interest in the “efficiency” of “markets,” they have little concern for “living human beings.” How are people's lives affected by the deadly gamut of macro-economic and financial reforms, which is spearheading entire sectors of economic activity into bankruptcy.
...
The 1997 Asian Crisis: Dress Rehearsal for Things to Come
In the course of 1997, currency speculation instrumented by major financial institutions directed against Thailand, Indonesia and South Korea was conducive to the collapse of national currencies and the transfer of billions of dollars of central bank reserves into private financial hands. Several observers pointed to the deliberate manipulation of equity and currency markets by investment banks and brokerage firms.
While the Asian bailout agreements were formally negotiated with the IMF, the major Wall Street commercial banks (including Chase, Bank of America, Citigroup and J. P. Morgan) as well as the “big five” merchant banks (Goldman Sachs, Lehman Brothers, Morgan Stanley and Salomon Smith Barney) were “consulted” on the clauses to be included in the Asian bail-out agreements. [Note: These are 1997 denominations of major financial institutions.]
The US Treasury in liaison with Wall Street and the Bretton Woods institutions played a central role in negotiating the bailout agreements. Both Larry Summers and Timothy Geithner, were actively involved on behalf of the US Treasury in the 1997 bailout of South Korea:
[In 1997] “Messrs. Summers and Geithner worked to persuade Mr. Rubin to support financial aid to South Korea. Mr. Rubin was wary of such a move, worrying that providing money to a country in dire straits might be a losing proposition...” (WSJ, November 8, 2008)
What happened in Korea under advice from Deputy Treasury Secretary Summers et al, had nothing to do with “financial aid.”
The country was literally ransacked. Undersecretary of the Treasury David Lipton was sent to Seoul in early December 1997. Secret negotiations were initiated. Washington had demanded the firing of the Korean Finance Minister and the unconditional acceptance of the IMF “bailout.”
A new finance minister, who happened to be former IMF and World Bank official, was appointed and immediately rushed off to Washington for “consultations” with his former IMF colleague Deputy Managing Director Stanley Fischer.
The Korean Legislature had met in emergency sessions on December 23. The final decision concerning the 57 billion dollar deal took place the following day, on Christmas Eve December 24th, after office hours in New York. Wall Street's top financiers, from Chase Manhattan, Bank America, Citicorp and J. P. Morgan had been called in for a meeting at the Federal Reserve Bank of New York. Also at the Christmas Eve venue, were representatives of the big five New York merchant banks including Goldman Sachs, Lehman Brothers, Morgan Stanley and Salomon Smith Barney. And at midnight on Christmas Eve, upon receiving the green light from the banks, the IMF was allowed to rush 10 billion dollars to Seoul to meet the avalanche of maturing short-term debts.
The coffers of Korea's central Bank had been ransacked. Creditors and speculators were anxiously awaiting to collect the loot. The same institutions which had earlier speculated against the Korean won were cashing in on the IMF bailout money. It was a scam. (See Michel Chossudovsky, The Recolonization of Korea, subsequently published as a chapter in The Globalization of Poverty and the New World Order, Global Research, Montreal, 2003.)
”Strong economic medicine” is the prescription of the Washington Consensus. “Short term pain for long term gain” was the motto at the World Bank during Lawrence Summers term of as World Bank Chief Economist. (See IMF, World Bank Reforms Leave Poor Behind, Bank Economist Finds, Bloomberg, November 7, 2000)
What we dealing with is an entire “old boys network” of officials and advisers at the Treasury, the Federal Reserve, the IMF, World Bank, the Washington Think Tanks, who are in permanent liaison with leading financiers on Wall Street.
...
Article Tree
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Globalist Establishment Aspects of the Obama Administration |
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Controversial Individuals Associated with the Obama Administration |
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