The Federal Reserve Bank is privately owned by member banks. If those member banks have either sold out to China or are bought for pennies on the dollar by them when the dollar crashes, then Beijing will own the American Federal Reserve Bank. Though at that point we could no longer call it American.
China has bought 60% of all the real estate in the Financial District of South Manhattan. This includes the J P Morgan Chase headquarters building at one Chase Plaza which has the largest private bold bullion vault in the world. It is next door to the New York Federal Reserve vault. When Dr Jim Willie saw the price the Chinese paid for the building, he wondered if that was a typo. After he confirmed the price, he began speculating that J P Morgan might have lost a bundle and avoided bankruptcy by selling out to Beijing at a discounted price. He then began wondering whether or not the Chinese were taking over the Federal Reserve.
J P Morgan has so many tens of trillions of dollars in US Treasury interest rate futures that they are often called the operating arm of the US Treasury Department and the Federal Reserve. J P Morgan is certainly above the law. When Jamie Dimon at Morgan ordered Jon Corzine of M F Global to send them $1.2 billion dollars from allocated customer accounts, the two men broke laws that only apply to commoners. Corzine and Dimon have not been indicted for their crimes.
J P Morgan began in England as a Rothschild front group. It merged with the Chase Manhattan Bank which had been founded by the Rockefellers who also have been fronts for the Rothschilds since the 19th century.
Morgan has reversed its position on gold. It has been behind the SLV ETF (Exchange Traded Fund) as HSBC was behind the GLD ETF. These funds are scams that let the punters buy paper gold and silver while the US Federal Reserve, the Bank of England and other Central Banks sold gold into the markets to drive down the price of gold and prop up their near worthless currencies. Morgan and other banks had been aggressively shorting silver and gold to drive prices down. China and other Asian countries have been buying all the gold. Currently, there are few gold bars for delivery available in London, Dubai or New York. In fact some of the gold delivered to Germany had markings from older holdings which indicate there is not much left. France invaded Mali, a gold producer, after Germany demanded return of their gold. The US and England took Libya’s gold just before they returned Venezuela’s gold. The US is currently backing a UN offensive in the Democratic Republic of the Congo which has gold fields. And the US is ferrying troops from Rwanda into the Central African Republic which has three different gold fields under feasibility study by Canadian and European firms. But to date the US has only returned 5 tonnes of Germany’s gold.
J P Morgan has just recently switched their positions in the futures market and are now long gold. This means they are betting that gold will go much higher in the near future. I recently wrote that the Arabs are having their 99.95% pure 100 and 400 ounce gold bars being recast into 99.999% pure kilogram size bars so they can join in the new Chinese backed trade system. The Chinese system is based on kilogram gold bullion bars being converted into the yuan and possibly the ruble. This will replace the dollar in international trade. It is part of the Currency Reset. Gold will be priced at $7,000 an ounce and Americans who want to buy something from overseas will first have to buy a kilogram of gold. That would be $7,000 times 35.274 for one kilo. Perhaps Morgan has been listening to China. Many observers agree with me that Morgan and the Central Banks have the cooperation of China to manipulate the price of gold and silver while Asia acquires our precious metals at bargain basement prices. That will come to an abrupt end when the West has no gold to sell to Asia and US dollar is replaced by a gold backed yuan and ruble in international trade.
Dr Willie noted that Russia and China are making other aggressive moves.
China is buying industrial Enterprise zones. They are also buying US houses in large quantities. US Hedge Funds are buying homes which they hope to market as stock securities. It is easier to sell stocks than homes which is a lesson learned in the last housing crash. The US Federal Reserve is participating in this new housing Bubble. Moodys which has never seen a Bubble it did not like has rated these new investments AAA. Moodys is owned by Warren Buffett. China plans on becoming one of America’s largest employers and its biggest landlord after it takes over the properties owned by the Federal Reserve, the Too Big To Jail Banks and the Hedge Funds. The dollar could collapse so fast that Wall Street will not be able to unload their Bubble priced homes. China could easily pick up ten million houses. This means America would become a Chinese colony if a formidable resistance does not begin in the very near future.
When the yuan replaces the dollar as the international reserve currency, foreigners will dump dollars. The repatriation of overseas dollars and US Treasury bonds will double prices in dollars and cut the purchasing power of American pensions and paychecks in half. At that point, the Chinese could take the idle US manufacturing plants they are buying and open them. American wages would be cut low enough so as to make those Chinese-American companies competitive to low wage producers all over the world.
Russia is backing Iran and Syria. Iran has proposed a natural gas pipeline to send their gas to Syria which Gazprom, the Russian Energy giant, wants to sell to Europe for rubles. There are ongoing negotiations between the Iranians and the West called the P5 + 1 talks. P5 + 1 refers to the 5 permanent members of the UN Security Council plus Germany. The talks and the Iran sanctions have nothing to do with the Iranian nuclear weapons program because there is none.
Dr Jim Willie calls the P5 + 1 talks the Petrodollar Death Summit. The Petrodollar was created by Henry Kissinger after the 1973 Arab-Israeli war. The US had stopped convertibility of the dollar to gold in 1971 because their country was overpopulated had too many troops overseas. After 1973 the Arabs sold oil for dollars which they invested in US Treasury bonds and the New York Stock Exchange as did the then growing drug cartels. This meant US policy since 1973, if not before, has been committed to maintaining a high price for oil and to losing the war against drugs.
A pincer movement occurs when an opposing army flanks you on your left and on your right, overruns your position and cuts off your supplies from the rear.
The Chinese have recently had a Strategic Partnership Initiative with Saudi Arabia and three other Gulf nations. This is why you have seen articles in the New York Times denouncing the Saudis as terrorists. Dr Jim Willie has a source who told him that China and Russia are using Iran and Dubai to pressure the Saudis to transition from a Petrodollar to a Petro-Yuan. This would result in crashing the dollar and causing Nationwide Food Riots. It would also force the Saudis and the other Arabs to sell off hundreds of billions in US stocks and Treasury bonds. This would result in a bloodbath in the New York markets and devastate what would be left of American pensions.
China in 2013 bought Goldman Sachs’ aluminum and industrial metals warehouses. A Russian conglomerate bought the Morgan Stanley Energy Desk. You might remember Matt Taibbi of Rolling Stone saying a few years ago that Goldman Sachs and Morgan Stanley were buying and selling every barrel of oil 28 times before it got to market so they could drive the prices to obscene levels.
All that power to set prices for commodities, oil, natural gas and precious metals has now gone into Russian and Chinese hands. After the banks fail, China could buy their stock and quite literally own the US Federal Reserve Bank. Can you now clearly see the Russo-Chinese pincer movement out flanking the US dollar, the Treasury Department and the Federal Reserve?
Erik Prince of Blackwater infamy rented mercenaries to the US government in the Mideast. These men were accused of war crimes and human trafficking. Blackwater also paid $42 million dollars in fines to avoid arrest for breaking hundreds of US export rules. Erik Prince is now providing logistics and security services to China in Africa. China in 2010 had a Beijing African conference in which they pledged $100 billion dollars in investments. Obama and Hillary have countered the offer with all the drones the Africans could possibly want and more. The US had troops active in 134 nations last year. Drones and 25,000 Special Ops soldiers cannot counteract the rising tide of the yuan and the ruble.
I do not want to leave you thinking there is no hope for the future. The Good News is that we are headed into a Global Depression. That means we have an excellent opportunity for a Global Insurrection against the Bankers. The people of China do not like their government any more than the people of America and Europe like theirs. We need to emphasize Worldwide Debt Cancellation. We need to explain to people that we got into this Depression because we let bankers create our money as a loan at interest on money they created out of nothing. We must outlaw fractional reserve banking. And we must issue a non-interest bearing currency like President Lincoln’s Greenback.
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Below are two of the sources I used for this article.
How Erik Prince, Founder Of Blackwater, Will Help China Subjugate Africa
This is Dr Jim Willie’s latest interview.