You Inner Bad Ass

 

 

 

Embrace your inner bad ass. Forget the inner child.  That was when you needed taking care of.  You can take care of yourself.  Twenty or seventy, your age has nothing to do with this.  Midwife or firefighter, your occupation doesn’t matter.  This is about that fearless you that sings in the shower, grins at strangers and does whatever the hell she wants, anything he wants.

You are needed.  Those that have been in control until now don’t know how to say goodbye.

 

 

---

They need you to help them.  It is way past over.

Bees have shown me the way.  Several weeks ago our son discovered a parade of them burrowing along the perimeter of the garage.  Turns out they’ve been there for much longer than we realized.  A huge hive was under the door, destroying property and growing. 

First, we energetically/psychically messaged them, asking them to move on.  No response.  Then we hired a “green” exterminator to gently encourage their departure.  He returned three times and they did not budge. 

As a last resort we plugged up every entrance to the hive with cement.  It was an epic battle in the final stages.  There were casualties on both sides.  DH was stung once; the house was splattered with cement as he bravely waved his spatula at them, sealing off their last entrance.  A few bees were squashed.

That was a week ago.  Today we have a newly patched and paved driveway.  In our backyard those same bees have re-built a hive.  We are okay with this location and they are content, busily going about their business.  Everyone won.  DH did what had to be done.  Somebody had to.

What’s running through your veins right now is YOU.  This power is ready to be used.  It’s humming with anticipation.  Our fellow creators, (the ones who don’t know how to say goodbye), will only go when there are no other options. 

This relationship will end when we activate what has been our truth all along.  As D (from Removing the Shackles) put it: “Fuck Off!  I AM a Beacon of Light!” 

We cannot sit silently by. Not if we want to get to the next part.

You’ll have to do what has to be done.  There are no controllers on a bad ass planet.  When all is said and done, the question will come – “Who made the deciding move?  Did they stop or did we seal up all their access points?”

We may never know.  We humans like things seamless, with a happy ending.  It won’t really matter anyway.  What matters is the experiment is over and we did it.  We stepped up to the plate and took a swing, with that uniquely bad ass style of ours.  We did not disappoint. 

We were the Ones we were waiting for.

~Sophia

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Philippines:‘Million people march’ set at Luneta against pork barrel scam

‘Million people march’ set at Luneta against pork barrel scam
By Gang Badoy
Philippine Daily Inquirer
6:48 pm | Monday, August 19th, 2013
 332 11.9K 4143

SERIOUS CALL A page from the diary of Peachy Rallonza-Bretaña. CONTRIBUTED PHOTO
MANILA, Philippines–Since the controversy surrounding the alleged P10-billion pork barrel scam broke out, there has been a torrent of articles and photos that have linked the now fugitive Janet Lim-Napoles to several legislators. Most of the articles—which first came out in the Philippine Daily Inquirer—allege that Napoles put up a number of non-government organizations or NGOs that accept financial allocations from certain legislators’ Priority Development Assistance Fund (PDAF) for projects. The NGOs turned out to be fake, with Napoles and the legislators themselves said to have pocketed the money.

Napoles’ daughter Jeane has figured in micro-blogs and even an Instagram account documenting her high and lavish lifestyle in captioned photos (showing trips to Europe, her outfits-of-the-day, and even a Porsche as a surprise graduation gift from her folks), making her the poster girl of this alleged scam.

With each exposé, thousands of people have vented their anger through social media. Everyone’s timeline would show a link, an acerbic status post, and some excerpts from the recent Commission on Audit (COA) report on the PDAF allocations. Just like the steady wave of stories on Napoles, other angles have been coming to light. All of them, however, remain allegations.

Many of us got tagged onto a status post, an invite to “go to Luneta on August 26, National Heroes Day, to show our protest” against the pork barrel system. A Facebook page on this “million people march” has been put up to tell the people in power that we’ve had enough—the common sentiment being a call to “get to the bottom of this scam, probe, charge, prosecute whoever is involved, and eventually abolish the PDAF.”

Since there was no recognizable group making “the call”—the usual noisy suspects have been silent—people started asking and doubting the agenda of the gathering. “Who’s organizing this?” echoed through Twitter and Facebook. Many were afraid that it was a set-up. A lot were wary of being associated with this or that collective from the broad spectrum of Philippine political leanings.

Last night, I was having a highly charged discussion during a meal with friends when a lady in red showed up, identifying herself as Peachy Rallonza-Bretaña (apparently we have a common friend). According to Peachy, she was the one who first re-posted the call to go to Luneta by Ito Rapadas, former lead singer of the band Neocolors and now a record producer.

Peachy added that she was also the first to post “the call to action” and was likewise the one who put the time and place of the gathering—which spread on Facebook via tags and links.

As a result, Bernardo Bernardo and Monet Silvestre (a stage actor and a musician, respectively) reposted a suggestion to put up a Facebook page with a California-based Filipino-American TV show called “Power ng Pinoy.”

Peachy said she was tagged as a “host” on the event page, made administrator, and identified as being the spearhead of this Aug. 26 protest.

So, I asked her, “Well, are you the organizer? There have been questions, you see. Is there a program? A permit? What can we expect? Who will be beside me if I go?”

She looked a little beat, and a lot overwhelmed, so I stopped to let her speak.

I learned that Peachy has no affiliation with any political group or movement. She did not look sinister—in fact, she was quite reserved. I didn’t see an agenda-filled demagogue. All I saw was a taxpayer who is very upset at what is happening. She is angry and is just inviting people to gather, essentially asking them if they are angry, too.

“Luneta is a public space,” she said. “This is just an invitation on Aug.  26, National Heroes Day, to go to Luneta, and stake their claim on a little piece of our national historic park.”

The broad idea of the gathering is this: probe and prosecute those who are found guilty of scamming taxpayers’ money through the P10 billion pork barrel scam. I imagine many people will go for many other reasons. Some will call for the abolition of the PDAF all together. Perhaps, further down the road, some groups will be pushing for a Freedom of Information Act, which would act as a deterrent against these shady deals.

I suppose, since it appears that there is really no single individual or group organizer behind this—save for this cropped haired, now-nervous lady in red—then you must go for your own reasons. If you decide to go, then you organize yourself to go. This may sound naive, weak even to the more seasoned street protesters, but it is certainly a voice that is growing and cannot be ignored, not by those in power and certainly not by anyone who sincerely wants a better way of doing things.

Go if you want to. For as long as you have sound reasons for deciding, well and good. The important thing is that you made a decision.

*The author is the founder of Rock Ed Philippines and the communications director of Change.org in the Philippines.*


Read more: http://newsinfo.inquirer.net/469217/million-people-march-set-at-luneta-against-pork-barrel-scam#ixzz2d2sX0uhZ 

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The ZAP Report 8-25-2013

Zap's take on the RV below... -Bill

Greetings and Salutations,

Time to wake up! Many of you may have taken a nap the last few weeks as it appeared that nothing very interesting was traveling through the grapevine. At least that we could hear or see. Well, how about the NASDAQ shutdown last week which bleed over into the NYSE and many other global exchanges. I'm sure there will be an investigation to find out what happened. But will the public really "know the whole truth and nothing but the truth?" In time maybe they will. However, you are about to find out the real truth from, ZAP and friends, about the NASDAQ shutdown and the chronology of events leading up to present day.

Remember the Global Currency Reset, GCR, which is now underway is the culmination of many talented people from across the globe working around the clock for 20+ years to bring us to where we are today! So stop all of the grumbling and complaining and thank your lucky stars that they are finally ready to launch the planet into a new era of prosperity and that we are alive and well enough to be participating in this once in a 1000 years event! WOW!!!! 

From ZAP..........Hi All

This is it. No more dress rehearsal. Expo is over…..

In respect of the Dinar RV…we are good to go.

In respect of the global reset…we are good to go.

One of the not-so-surprising hold-outs was wells fargo. Go figure that the settlement bank got greedy. Really shocking right?

Just like Obama finally striking a deal with the Chinese over the tax he was going to charge. He got his way. He is going to tax at 50%.

But regardless of the machinations, we are at the point where all will happen now. Hopefully before September 1 (the goal).

The FOREX system and the other back line systems are all in place. the shutting down of the exchanges was to install and test the systems we are going to be using in the future. No surprise there, and it was expected.



Another insider has provided good insight as below, and for the most part, it is accurate enough for me to include it here in its entirety. Hats off to him for stepping up like this.

Let's begin by going back to June 27th when the UN lifted the sanctions on Iraq and Chapter VII was signed off. There was strong expectation that we would see the release of the IQD, along with the Global Currency Reset, and behind-the-scenes intel said that things were moving forward for the imminent release. We learned that the Iraqi Stock Exchange (ISX) was integrated into Nasdaq on July 1.

We had reliable release date information that came from credible sources actually involved in the process, and yet those dates came and went without any visible change.

We learned of multiple efforts to load the FOREX screens along with the administrative FX bank screens and had reports from officials within WF and Chase that they could see the new rates on their screens; and yet we saw no RV or GCR.

On July 23rd, we had confirmed eyewitness reports that Dr. Shabibi signed off on the new rate for the IQD/IQN and sent his paperwork to the UNSC. On July 24th, Ban Ki Moon signed off on that same paperwork and the following day, July 25th, rang the closing bell on the NYSE and at the same time introduced the president of Euronext.

The president of Euronext welcomed Iraq and four other ME countries into the Stock Exchanges. Everything seemed to be set for the immediate release of the IQD/IQN and the GCR.

Now we come to August 1st. The IQD ceased to trade on FOREX and flatlined. We learned that it had now officially become the IQN, marking what should have announced the Dinar's move to the newly revalued rate.

Still we saw nothing on FOREX and bank screens continued to display the old rates. I began to hear rumblings in the background that Wells Fargo was behind the delays. Because WF had been assigned the lead role in the GCR, I frankly dismissed the reports as bad rumors and pooh-poohed them.

Turns out I was wrong. We could have seen the RV on July 25, and should have seen it no later than August 1 when the IQD became the IQN.

However, as I have learned, WF's management (or at least a significant portion of it) was holding out for a larger spread after they had already agreed many months before to the fee structure in a meeting with the Secretary of the Treasury and the Managing Director of the IMF.

It has been reported by another blogger (whose name I will omit in this report) that because of WF's significant IT department, they were given the lead role in that same meeting to initiate the GCR.

That brings us to yesterday.

We had been hearing multiple and credible reports of Christine Lagarde's frustration over the delays, and a report was issued which indicated that she was at the end of her patience with WF. According to intel provided to us, Jack Lew stepped into the picture and met with WF's management.

They were advised to "stick with the agreed-upon fee structure" or WF would not be permitted to continue in its role as lead bank.

I'm told that the threat even included WF's removal from the exchange process. A threat like that would have meant the loss of multiplied billions of dollars in revenue to the bank. Wells Fargo quickly capitulated.
Now, let me change horses in the middle of the stream for just a bit.

For those of you who don't understand the makeup of the IMF it basically works like this. 24 Executive Directors make up Executive Board. The Executive Directors represent all 188 member-countries.

Countries with large economies have their own Executive Director, but most countries are grouped in constituencies representing four or more countries. Eight countries each appoint an Executive Director: the United States, Japan, Germany, France, the United Kingdom, China, the Russian Federation, and Saudi Arabia.

The remaining 16 Directors represent constituencies consisting of 4 to 22 countries. Christine Lagarde, as you all know, is the Managing Director of the IMF.

The way I understand the inner workings of the Executive Board, the aforementioned eight countries with their individual Executive Directors form the final authority.

When there is a major event to take place, such as the GCR, each of them has a coded "Key Card" with an electronic code which is transmitted to some unspecified central computer.

Each of them must "swipe" their card in order to activate an agreed-upon event. As long as the testing of the system has gone on, each of the eight countries has swiped their cards without hesitation.

However, as we have approached the completion of the testing phases and prepared for the final implementation, China has been the lone holdout in this process, objecting to WF's press for a higher fee structure.

China finally reached the end of their frustration and filed a lawsuit against WF's management. This was the point at which Jack Lew intervened. Once WF's management team capitulated, China swiped their card and things began to move yesterday.

Today, in televised interviews given on both FOX Business News and Bloomberg News at the Jackson Hole Conference, Christine Lagarde made it clear that "The banking system needs to be unclogged, and liquidity as well as "instruments" need to move fluidly throughout the system, which has not been the case."

Just prior to her television interviews she said the following as part of a prepared speech to the entire symposium, "Global policymakers—all policymakers, within countries and across countries—have a responsibility to take the full range of actions needed to restore stability and growth, and to reduce imbalances."

Got the picture? Think she means it?

Now, let's get back to where we were before we changed horses.

Once the decision was made to press forward with the GCR, the process began and the trigger was pulled. Ooopssss!!!! Somebody forgot that no tests had been run using the Nasdaq Exchange.

The Security Information Processor (SIP) had never been reprogrammed to allow for changes as massive as this. You understand that the SIP was designed to deal with stock movements within a given trading period.

Maximum increases and Maximum losses are set for the various stocks as a percentage of their value, along with actual dollar fluctuations. The SIP was never programmed to deal with the kind of changes that would come along when the value of the currencies being used for trade suddenly changed -- in some cases by more than a thousand percent!

The SIP was programmed to reset itself after a thirty-minute wait to allow trading to resume. Normally this processor would stop certain trades with certain stocks or funds -- not shut down the whole exchange.

When all of the new numbers were pushed into the system, the SIP crashed. It reset itself and then crashed again.....and again.....and again -- six times!

Apparently it took that much time for some brilliant IT guy to figure out that the parameters had to be reset. And that process has been ongoing since. (ZAP: He was finally listened to)

Yesterday's Nasdaq activity, however, was not without other consequences -- and interesting activity otherwise! When the Nasdaq went down, the ISX went with it. Six minutes later, the NYSE went down, followed by the Toronto Stock Exchange. That was followed by other exchanges in other countries. The other exchanges did not stay down for long, having the ability to disconnect from Nasdaq and restore their own trading.

Here's the peculiar -- and verrrry interrrresting -- thing that took place on FOREX during this Nasdaq outage! The IQN, the VND and the IDR all moved suddenly. They rose together, mirroring each other's movements and spreads, then sank together..

As the FOREX team noted, "this was manipulation! Somebody was trying to force these currencies to a whole new level." In truth, it was a reflection of the effort to move the GCR along to its conclusion. (ZAP: actually just the test of the new system, then they closed down the links after the successful test so nobody could monkey with the new system – very wise)

There is a whole lot more information I could share but this is a good place to leave it. Let me end this post by saying that our intel from the IMF and the UN is telling us that they want this thing finished no later than September 1.

That's the end of next week. That doesn't mean they will wait until September 1 to implement the GCR. In fact, the evidence suggests that they will continue to work at this until every single programming parameter has been resolved.

If they push this thing through over the weekend, you won't get to do much in the way of exchange before Tuesday.

Don't forget the Tuesday, Wednesday, Thursday international banking rule. No major movements of funds take place on Monday or Friday. Friday is bank tabulation day for the week's business. Monday is audit day. New business is conducted on Tuesday through Thursday when it affects the global economy.

Hope this little discussion will be of help to all of you and help you understand the magnitude of what is taking place. The RV is not a local event: it is global!

So there you go. makes good common sense right?

All is in place, especially at the china family level. All is moving forward and nothing, but nothing, will be allowed to stand in the way of the change. we have waited long for this event, and as I previously said, many have given their lives for all of us to make all this happen. Reflect on the magnitude of their sacrifice. It is very real.

When I said the boys and girls of the armed forces and agencies have given their lives for this, and must be honored, reflect on this again.

Also remember that the armed forces are responsible for the protection of the constitution. Not the corporate constitution (that one is illegal), but the original organic constitution. That’s why they gave their lives in the service of protection of this magnificent work.

There will be charges of treason amongst others that will be leveled against the perpetrators of the destruction of the organic constitution and the subjugation of our humanity, and when that happens, and the truth comes out, please find in your heart enough to entertain forgiveness. This is important since we are all one, and if one of us falls off the path, and then asks for forgiveness, who are we to say no to ourselves?

Would we? Some will want to….inevitable. But that is not the right path in my opinion, just a path. It is based on fear, which comes from anger and that of course leads to the dark side.

(remember this is a planet of free will).

Do we want to start humanity’s new path with “kill the #####” ?

Would be sad if we did that. it would be distasteful to me personally, and I would grieve that we have not learned that lesson enough.

So, consider forgiveness when the time comes. It is a very important consideration, and it is of God. Jesus did that one, and set a pretty extreme example, but nevertheless, that is what it was and that example should be enough of a lesson. Why go through a crucifixion again….one is enough I would think.

So, we will have a whole bunch of multi millionaires. now what. well, I covered the “lottery mentality” in previous discussions, so go back and take another look at that – it is important.

With all this money out on the street level, our economies will be kick started back up again as the reconstruction projects begin.

Now this is where the project funding will kick in, and as I said last week, the staff is being increased and the programing of the software and integration thereof into the web for project governance and compliance and tracking is being done. The software guy that is handling it is absolutely magnificent in his mapping out of the steps required, and getting that whole part done properly. He is to be commended on his great work. thanks Mr. X. much appreciated beyond words.

So give it another few weeks or so for the website to become active, and project fundings will begin as soon as humanly possible. If it takes a bit longer, relax. enjoy the last time of “lack”. It will never happen again in this lifetime. We will have abundance and prosperity as foretold.

And our kids win.

Oh yes, the purple pigs are testing out short flights, and their flying skills are getting real good. i think they are ready for long term solos now.

God bless.

In love and light in our service

Zap

“God is; I am; We are”

“Be good, Be legal, Tell truth”

POOF Says.....Lets begin teaching rudimentary prosperity. Prosperity is not about money; it is about an attitude. See the glass half full or half empty. Do you feel that the world does not have enough; then scarcity is your by-word or do you know there is plenty to go around. Here's some new inputs and lets make it very basic. The way to achieve a feeling of opulence and wealthy consciousness is to change your insides. DO the math; when you count out every dollar and you measure how far it can reach -- then you get to play that game every day. The game of measuring. When you pay for what you purchase and are grateful, and express that gratitude even in reaching for your wallet, you will make a difference in how and what you pay for. Your attitude is everything. Think measurements and you will get the opportunity to measure. Think gratitude and feel a sense of 'more than enough' and you will experience that. What you give your energy to is what you will draw back to you. Give, with playfulness and be appreciative. Shift the flow from measured to full out. Does not mean be wasteful. Does not mean to throw your funds around; contribute toward a society that is appreciative of money. No, money is not evil; greed is. Greedy folk are misery making folks.

http://www.flickspire.com/m/MBT/Gratitude-Louie-Schwartz-at-TED?lsid=7bda61e1fc47ba492decc164fd162440

Consultations upon request until the doorbell rings.

Love and Kisses,

Susan & Staff

Office of Poofness 

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Unknowing man offers aid while being filmed....

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Eggplants, Vampires and Us

It’s not writers block.  It’s identity crisis.  “Who are you?” has been the perpetual question this week.  It is sort of like being a vampire.  I am surrounded by mirrors that offer no reflection.  People and problems used to keep popping up like springing targets in an arcade game, needing removal.  They were handy excuses, blames and faults for what was wrong.  With me.  Each health crisis, relationship breakdown or financial hardship had different non-mepop up culprits.  They’ve vanished.  There is only me.

This comes as a surprise.  We are sort of like eggplants.  These tiny lavender blooms stretch out, completely invert themselves and emerge again as something completely different; fuller, richer and with more depth to their skin.  They have become what they always intended to be; eggplants.  Now this is not a surprise to anyone but them.  With space, nourishment and encouragement they came out exactly as predicted and expected – bigger, just as beautiful and now useful.

We’ve stretched, pulled in and are gradually emerging – as gorgeous, immensely powerful beings of light.  Until now, the mirror showed us ridicule and hatred, self-defeat, corruption and lies, lack, imperfection, opposition and grief.  We accepted the images, identifying completely with each manipulation.  Today we’ve reached within and touched the face of God.  We are not any of those things.  We are love in human form.

It does not serve us to focus on evil.  Negativity’s only purpose is to spark creation of the opposite vibration.  This is a game and we now know the rules.  We are just figuring out what kind of player we came to be.

You see, it doesn’t matter who you saw in the mirror yesterday, what matters is today.  Your mirrors are empty.  Who are you?  What kind of game did you come to play?  In every new moment, you are standing alone, without excuses and ready to engage.  What will you do and how will you do it?  Who are you?

Let go of the past.  You are not what you were, you are now.  In this moment the future is determined.  What will you make?

Doors have to close, chapters end and credits roll before the new can commence. We are writing the script here and the final act is upon us.  Know that there are those still attempting to sabotage a graceful transition.  They have engaged alarmists and fear mongers because they don’t realize we are onto their tactics and playing our own game now.  Our strategy doesn’t require weapons or marches even, but conviction.  Our method springs from the ultimate power source – our heart. 

Produce peace.  It is called upon you to do so.  Refuse all but love.  See only the deepest truth in each soul and you will discover we all seek the same thing; the expression of eternity in physical form – life.  We are hear to express and realize our deepest knowing – Agape.

Truth has no room for fear.  As history ends, begins again and is written you’ll decide who you are.  We’ve come to the moment of our self-definition.  What you say and believe is your reality.  What world are you choosing?

Choose love.  Produce peace.  Live abundantly.  Laugh.  Your best parts are exuberant, honest, transparent, compassionate and here.

This is it.  Like the eggplant, you are emerging new, as we knew you would.  This relentless push for transformation demands your participation.  You cannot avoid this next part; you are the one who will decide what it looks like.

Embrace your future without hesitation.  At some point you’ll remember this moment without regret.  A game played well demands honesty as well as an exploitation of the best in you.  You were chosen to make all the difference and you do.  Show us everything you have. 

You are the one we’ve been waiting for.

~Sophia

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The Confidential Memo at the Heart of the Global Financial Crisis

Got this web link in  the email...very interesting... -Bill

The Confidential Memo at the Heart of the Global Financial Crisis

Greg Palast's Column


The Confidential Memo
By Greg Palast
http://m.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo


When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,

“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people... We don’t have cigar-smoking, rich, crazy bankers negotiating.”

Then I showed him the memo.

It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:

“As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”

To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:

Goldman Sachs: John Corzine (212)902-8281

Merrill Lynch: David Kamanski (212)449-6868

Bank of America: David Coulter (415)622-2255

Citibank: John Reed (212)559-2732

Chase Manhattan: Walter Shipley (212)270-1380

Lamy was right: They don’t smoke cigars. Go ahead and dial them. I did, and sure enough, got a cheery personal hello from Reed – cheery until I revealed I wasn't Larry Summers. (Note: The other numbers were swiftly disconnected. And Corzine can’t be reached while he faces criminal charges.)

It's not the little cabal of confabs held by Summers and the banksters that’s so troubling. The horror is in the purpose of the "end game” itself.

Let me explain:

The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet -- in one single move. It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods – that is, my cars for your bananas. The new rules devised by Summers and the banks would force all nations to accept trade in "bads" – toxic assets like financial derivatives.

Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products”.

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organisation.
 

Bankers Go Bananas

Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?

The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.

And so on – with every single nation bullied into signing.

Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union's Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.

China signed – but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)

The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany.

Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: the gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.

Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.

And the memo reveals a lot about Summers and Obama.

While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup”. Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million.

Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.

That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game.

Special thanks to expert Mary Bottari of Bankster USA www.BanksterUSA.org without whom our investigation could not have begun.

The film of my meeting with WTO chief Lamy was originally created for Ring of Fire, hosted by Mike Papantonio and Robert F. Kennedy Jr.

Further discussion of the documents I laid before Lamy can be found in “The Generalissimo of Globalization,” Chapter 12 of Vultures’ Picnic by Greg Palast (Constable Robinson 2012).

Follow Greg on Twitter: @Greg_Palast

Previously – 'The Con' Is Leaving a Trail of Blood Across the Planet


By Greg Palast 20 hours ago











 

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