Goldman Sachs' Game + 'Precursors' for 'Financial Meltdown' and Suppression of 'Public Disorder' in the U.S.

Again We May Look Back to 2006 and 2007, the Institutional Thievery and Increasing Repression of then, to See What's Going On against We Masses in 2024

September 11 (as it happens), 2024

Dear Readers,

Thanks VERY MUCH for responses to the three recent Posts that draw from JIM’s and CELESTINE’s and my “9/11 GUILT / The Proof Is in Your Hands” DVD. I think now that the title should better be: The Proof Is in OUR Hands. Anyway, the astuteness and commitment of Subscribers to this Stands the Human Being Stack is to me HEARTENING and IMPRESSIVE.

Particularly I’m glad to see folks appreciating the brave San Diego Citizens’ Grand Jury’ on the Crimes of September 11, 2001 in New York City.’

Tomorrow I’ll post the whole text of the ‘Grand Jury’s Charges, Indictments and Presentments’ (pages 255 to 266 in the book The World Is Turning [ … ], available as a PDF on the Ur1Light.com website.

For now, please see these short hits about Scoundrels’ Borrowing in the 2006-2008 time-span … You can also read them in the The World Is Turning PDF, pages 269 to 274, by CLICKING HERE to access the book.

The World Is Turning 269

‘IT'S THEIR GAME

‘In 2001 the largest U. S. investment-banking firm, Goldman Sachs, held assets worth about twice as much as the amount of credit extended to it by the Federal Reserve System consortium.

By 2007 Goldman Sachs owed more to the FRS consortium than it altogether owned.

[Goldman Sachs began the 21st century with assets of nearly $600 billion against borrowings, or 'Bank Credit', of about $240 billion from the Federal Reserve System. By end of 2007, however, Goldman Sachs had assets of about $815 billion against Bank Credit of over slightly more than $850 billion. That is, the firm accumulated a net deficit of about $400 billion in the eight years 2000 to 2007. A typical Goldman, Sachs executive's bonus in the 21st century was $5 million per year.]

Who or what should pay to sustain Goldman Sachs and its like now?

Should we, the laboring people of the world, the people whose work produces the world's food and tools and vital goods, not OWN the results of our labor, the homes our years of work have enabled, rather than suffer disasters and ruin from the murderous empire of money-lenders that has exploited us for centuries?

Should we not justly repudiate such " 'debts' "--the " 'debts' " that our sweat and blood have paid for many times over?

(In March 2008 the FRS consortium gave the United States' most indebted financial institution, J.P. Morgan Chase, $30 billion to buy the Bear, Stearns investment-bank at $2 per share. U.S. Treasury Secretary at the time, Henry M. Paulson, headed Goldman Sachs from 2004 till May of 2006. Paulson made $37 million as CEO at Goldman Sachs in 2005, according to Forbes Magazine.)

2006-2007 Precursors 271

PRECURSORS OF A U.S. POLICE STATE THAT’S PRECIPITATED BY ANOTHER TERRORIST ATTACK

In late 2006 and in 2007 acts of Federal legislation and Presidential Directives and Executive Orders combined with both utterances from high Government officials--in particular Homeland Security Director Michael Chertoff--and reports from mass-media to further prepare the United States for martial law in response to another " 'terror attack.' "

At the same time as (there's that darn a.t.s.t.a again!) these Directives, Orders and alarms were happening, U/S. home-buyers' woes increased and the Federal Reserve System and other nations' central Banks printed hundreds of billions of dollars to support big businesses.

In September 2007 I participated in events with 9/11 Truth groups in Sacramento, California and Houston, Texas. The events were accompanied by hand-outs of the informational timelines for 'Precursors of ... Another Terrorist Attack' that are printed below.

Let us immediately proceed with courage and compassion.

•October 17, 2006: Two new measures, Public Law 109-364 and the Military Commissions Act, are signed by President George W. Bush. The former 'allows the President to declare a "public emergency" and station troops anywhere in America and take control of state-based National Guard units without the consent of the governor or local authorities, in order to "suppress public disorder."

•May 9, 2007: George W. Bush signs National Security Presidential Directive NSPD 51 and Homeland Security Presidential Directive HSPD 20. The Washington Post writes: “The prospect of a nuclear bomb being detonated in Washington without warning, whether smuggled in by terrorists or a foreign government, has been cited by many security analysts as a rising concern since the Sept. 11, 2001, attacks... The new directive gives the job of coordinating policy to the president's assistant for homeland security and counterterrorism -- Frances Fragos Townsend, ...”

•May 11, 2007: Coincidentally, the San Francisco Chronicle reports on a conference co-sponsored by Stanford and Harvard Universities three weeks earlier. The conference was titled “The Day After” and its subject was responses to a domestic nuclear attack on the U. S.

•May 11, 2007: Coincidentally, the Council on Foreign Relations website features an article on “The Next Attack”.

•July 10, 2007: Homeland Security Director Michael Chertoff tells editors of the Chicago Tribune that he has a "gut feeling" that al-Qaeda will attack on U. S. soil by the end of Summer 2007.

•July 10, 2007: Coincidentally, USA Today features an Associated Press piece that begins: “U.S. counter-terror officials are warning of an increased risk of an attack this summer, given al-Qaeda's apparent interest in summertime strikes ...”

•July 11, 2007: Coincidentally, ABC News reports: “Senior law enforcement officials said today that growing signs of a “Summer of ‘07” terror attack on the U. S. have led the FBI to dispatch dozens of agents ...”

•July 16, 2007: Paul Craig Roberts, Assistant Secretary of the U. S. Treasury in the Reagan Administration, writes in a column that's titled The End of Constitutional Democracy: 'Bush has put in place all the necessary measures for dictatorship in the form of "executive orders" that are triggered whenever Bush declares a national emergency. Recent statements by Homeland Security Chief Michael Chertoff, former Republican senator Rick Santorum and others suggest that Americans might expect a series of staged, or false flag, "terrorist" events in the near future.'

• July 17, 2007 and August 1, 2007: George W. Bush signs Executive Orders that empower seizure of assets of anyone who opposes U. S. efforts in Iraq (“Blocking Property of Certain Persons Who Threaten Stabilization Efforts in Iraq” - July 17, 2007) or who acts to destabilize the government of Lebanon.

PRECURSORS OF A FINANCIAL MELTDOWN WHOSE TRUE CAUSES MAY BE HIDDEN FROM THE PUBLIC BY ANOTHER TERRORIST ATTACK

• March 23, 2006: The Federal Reserve System, the private, un-audited banking business that determines interest-rates and money-supply to the U. S. public, ceases to publish its M3 index, thereby HIDING the amounts that the FRS itself is purchasing in bonds or printing in fiat currency to postpone failures from mounting U. S. debts. These debts include Federal, State and local Governments', individual consumers', and (by far the biggest debtors) major financial institutions' such as JP Morgan Chase. The U. S. Federal debt, risen from $0.9 trillion in 1980 to $5.9 trillion in 2004, has grown by more than 20% each of the past two years, while major Banks' liabilities due to derivatives has grown to exceed $300 trillion by the end of 2005.

• DECEMBER 31, 2006: U. S. trade-deficit is $860 billion for the past year.

• FEBRUARY 2007: The New York Times writes: 'The slump in home prices from the end of 2005 to the end of 2006 was the biggest year over year drop since the National Association of Realtors started keeping track in 1982.'

• MAY 2007: U. S. consumers' credit-card debt rises 9.2% during this one month.

• JUNE 2. 2007: Widespread reports of United Nations' prediction that U. S. dollar must suffer devaluation due to the nation's '"unsustainable" ' debt.

• AUGUST 10 and AUGUST 11: 2007: Responding to a" 'liquidity crisis' , the Federal Reserve System and other nations' privately owned Central Banks pump more than $300 billion of fiat currency into faltering businesses. The Wall Street Journal reports that the FRS has created $62 billion for ailing lenders/debtors in these past twodays, that the the European Central Bank has added $213.56 billion (166 billion Euros), the Bank of Japan $8.3 billion (1 trillionyen), the Reserve Bank of Australia $4.18 billion, and so forth.

Martin Weiss in the online Market Oracle notes that the Bank of International Settlements 'calculates that the total "notional" value of all derivatives outstanding in the world is a mind-boggling $415 trillion.' Or: 'Over eight times the GDP of the entire world economy ... twenty times the total value of all U.S. stocks ... and fifty times all the Treasury debts of the U.S. Government.' He also notes that the U.S. Officer of the Comptroller of the Currency finds that 'Just FIVE Banks control 97.1% of the derivatives in the entire U. S. banking system', led by JPMorgan Chase, the Hongkong and Shanghai Banking Corporation, Citibank, and Bank of America.

• THE FORESEEABLE PRESENT: The U. S. public stands liable to lose homes and savings due to a ' "Crash" ' that owes directly to major money-lenders' schemes and failings.

The U. S. military stands bogged in Afghanistan and Iraq, both occupations owing directly to the pretext of " '9/11' ".

The Bush Administration is sinking under low-approval ratings, much like it and Stock Markets (Big Oil, Big Arms, Big Drugs, and above all Big Banks) were sinking in August 2001.

The situation of both the U. S. public (we, the people, the masses) and our elitist rulers is very like our/their situation immediately before the " 'Great Depression' " and " '9/11' ".

Therefore, we must act to remedy our situation. The need for clear sight of our realities and for radical, compassionate change is more urgent than ever.’

The World Is Turning 275

Sept. 11, 2024. Let me note, too, that MICHAEL CHERTOFF, mentioned above for sounding alarms about ‘Summer attacks’ and advancing more Laws for dictatorial repression while serving as Director of Homeland Security under George W. Bush, was a pre-9/11/01 co-author of the somehow prescient PATRIOT Act. Regarding “ ‘9/11/’ “itself, Chertoff was, according to his wikipedia bio, ‘the senior Justice Department official on duty at the F.B.I. command center right after the September 11th attacks.’ He and his 2009-born consulting and investment-banking firm, The Chertoff Group, have profited from the ‘Full-Body Scanners’ that irradiate and undress travelers in Airports round the world, post 9/11/01.

His co-founder of The Chertoff Group, Chad Sweet, was formerly an investment-banker with Morgan Stanley and Goldman Sachs as well as an executive ‘in the CIA’s National Clandestine Service.’