From my friend Catherine Ibarra, Manager at San Diego Global Community Empowerment Symposium….-A.M.
|| TO CONSOLIDATE ITS WEALTH AND POWER THROUGH PURPOSEFULLY INDUCING A WORLD-WIDE FINANCIAL CRISES RESULTING IN INCREASING SUFFERING AND ECONOMIC DOWNTURN
Charles A. Lindbergh, Sr. was the first to reveal the Bankers Manifesto which was initially delivered to the U.S. Congress somewhere between 1907 and 1917.
“We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.
Organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.
At the coming Omaha convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time would be premature. We are not yet ready for such a crisis.
Capital must protect itself in every possible manner through combination (conspiracy) and legislation. The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible. When, through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders. History repeats itself in regular cycles.
This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism. The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party. By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.”
Deutsche Bank- Europe’s biggest bank, has published financial reports for 2012 indicating that their net income unexpectedly rose an annual 3 percent to 747 million euros ($964 million) in the three months through September 2012 and reported net income of EUR 4.3 billion for the full year 2011.
Lloyd C. Blankfein, Chairman and Chief Executive Officer of Goldman Sachs reported as of January 16, 2013 – that Goldman Sachs Group, Inc. profits were dramatically increasing due to strong investment banking, equity offerings and debt underwriting results boasting quarterly earnings and revenues that far exceeded Wall Street’s expectations.
JPMorgan Chase dramatically increased profits in spite of the trading scandal that cost the bank $6.2 billion, reporting record profits for the third quarter of 2012 with increased revenue reported in every business line. CEO Jamie Dimon stated in a written statement that profits generated by new mortgages and refinances were the key driver of these overall dramatic results, but that performance was also strong in commercial lending, investment banking, credit cards and auto loans.
Goldman Sachs Earnings jumped to $5.60 per share from $1.84 a share in the year-earlier period, with net revenues improving to $9.24 billion from $6.05 billion a year ago. Goldman saw net earnings of $2.89 billion in the quarter, with an annualized return on equity of 16.5 percent boasted net revenues of $34.16 billion and net earnings of $7.48 billion for the year ended December 31, 2012. Goldman’s excess liquidity was reported as $175 billion as of December 31, 2012. Diluted earnings per common share were $14.13 compared with $4.51 for the year ended December 31, 2011. Return on average common shareholders’ equity (ROE) (1) was 10.7% for 2012. Fourth quarter net revenues were $9.24 billion and net earnings were $2.89 billion. Diluted earnings per common share were $5.60 compared with $1.84 for the fourth quarter of 2011 and $2.85 for the third quarter of 2012. Annualized ROE (1) was 16.5% for the fourth quarter of 2012. Debt underwriting apparently produced net revenues of $1.96 billion, which is the second best annual performance and the highest since 2007. Fixed Income, Currency and Commodities Client Execution generated net revenues of $9.91 billion, including strong results in mortgages and solid results in credit products and interest rate products.
Goldman Sachs and JP Morgan Chase, are the Wall Street giants who dramatically profited from our nations’ financial crisis. This article explains how induction of this nation’s economic downturn actually allowed these financial giants to dramatically increase profits and consolidate their corporate strength at America’s expense. These particular financial giants have no problem with reporting these facts to encourage new investors in spite of the fact that they are now facing numerous investigations and legislative inquiries into their fraudulent business practices. American economic reports and financial crises statistics provide an accurate accounting demonstrating that these banking industry giants substantially increased their Corporate Profits which DID NOT lead to any increased national economic growth and in fact ravaged and devastated our national economy. As a result of the 2008 bank mergers a few corporations now control all our major banks.
Attorney General Eric Holder stated in a Senate hearing a little over two months ago, when he told the Judiciary Committee he is concerned that some banks are too big. “If you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” Holder said on March 6, 2013. Corporations are too big to fail,” he told a crowd.Holder himself escaped foreclosure, when lender, Wells Fargo, agreed to drop his interest from 7.5 percent down to 2 percent over 40 years.”