From Executive Intelligence Review
We are now in a process which is typified by the act of the Governor of the Bank of England, Eddie
George, in looting his own bank of up to $1 billion and probably more, in concert with an international
syndicate which includes the backers of Vice President and fading Presidential candidate Al Gore.
This act of the Bank of England, stealing from itself, for the benefit of a group of cronies of the director of
the Bank of England and of the Queen of England, is typical of these types. It must be said that what
happened to Russia during the past six years, was found so good by the Western banking system, that they
have imported the Russian model, of stealing from their own country's assets, into the West.
For example, there is nothing remarkable or unique in what Eddie George is doing. In every part of the
world, we have a form of criminality called privatization. "Privatization" is a multi-syllabic word for
stealing.
For example, in Germany, the Stadtwerke, the municipal utilities, are the present object of stealing, under
the label of "privatization"--something that every Russian can understand.
If you're going to privatize a firm, you're going to steal from it. That's what "privatization" means. It used
to be called, in the Eighteenth Century and the Seventeenth Century, "privateering." That's when people get
a legal license to go out and loot. Sometimes they were called "pirates," and if they had a piece of paper
from a government, they were called "privateers." So, you don't call the Russian liberals "pirates," you call
them "privateers," because they've been given a special license to steal from their own country, their own
banks, and everything else in sight. Privateers even steal from each other.
And when times get tough, the frequency and the intensity of stealing from one another increases. It could
be said that, with probably a rare exception, that at this point, every leading bank and every leading other
financial house in the world, is engaged primarily in stealing--stealing from its own assets.
Now, in the case of Eddie George's stealing of gold, what happens is that the gold is stolen by selling it
below its value to a private syndicate of cronies. A small group of people are allowed to buy this gold below
price. They are going to hoard that gold, until after the great financial crash wipes out all financial
institutions around the world. And that's in process now. When the crash is over, they intend to come back
with their gold.
In the meantime, they're driving down the price of gold, in order to bankrupt the gold mines in South
Africa, Russia, and so forth. So, they will buy up the gold mines which have gone bankrupt, and they will
control the world's gold and gold production after the crash is over--not far into the future.
Every bank is doing the same thing--virtually every bank. Maybe there's an exception, here and there. But
I've checked with some bankers, and they don't know of any exceptions. Every bank and financial house is
stealing from itself. That is, the relevant directors are stealing assets, and, by various kinds of loan
mechanisms and others--with which I'm familiar from the old days, investigating frauds and bankruptcies
and so forth, and probate proceedings, in the United States and Canada.
What they do, is they move the money through a lending procedure, or a trade procedure, at reduced prices
to a second party, who passes it on to a third party, who passes it on to the fourth party. And the fourth
party is the collaborator of the person in the bank who is doing the stealing. When the crash comes, each of
the intervening parties, including the bank itself, will go bankrupt. And the bank official hopes to retire on
the basis of what has been stolen by the fourth party. It's an old method of stealing. It was practiced in the
1950s, the 1960s, in the United States and Canada. I investigated many such cases.
What is being done now is no different, except that it's done on a grand, global scale.
Whenever you hear the world "privatization," you scream "Thief! Catch thief! Stop, thief!" Every time you
hear of privatization of a Stadtwerke in Germany, you say, "Stop, thief!" when you hear somebody
proposing it: "Stop, you accomplice of a thief!" The politicians who are owned by financial interests, are
bought. And they put through the laws of privatization which enable people to steal. There is the greatest
amount of theft in history now going on around the world. Government politicians, governments as such,
are stealing. They are stealing for the people who pay them, who support the political parties, who have
bought and paid for the politicians, who are now stealing for pay under the guise of being elected, and other
officials.
Looting and lying
Why is this going on? Why doesn't somebody stop it?
Well, this thing can go on only under one condition. The stealing at such levels, on such a scale, with such
profundity: It only happens when the system is about to go under, when every one of the people behind
authorizing it, covering up the stealing operation, knows that the entire world financial system is about to
blow. Those who tell you that the system will not crash because they have it under crisis management, are
lying. They are lying--why? To buy a few more weeks and months at most, in order to complete the
process of stealing. In order to steal, they have to keep you quiet, confused, and believing that the system
will not crash. That's how they steal.
So, when a banker says the system will not crash, he is lying. Every leading banker in the world knows the
system is crashing, because they're stealing. And they wouldn't dare steal the way they were stealing if they
didn't know the system is about to crash--and if they didn't know that virtually every other banking and
related financial institution in the world is doing exactly the same thing. So, they don't blow the whistle on
each other. That's what's happening.
In the end, they will rob every savings account. They will loot everything, and leave the poor public,
especially those who were foolish enough to invest in mutual funds, absolutely destitute. That's the situation
we're now in.
For example, the system began to disintegrate in the spring and summer of 1998. We had entered this phase
before this, during the summer into October of 1997. The process leading into this had been established in
1994-1995, with the Mexico crisis and the mishandling of the Mexico crisis by the United States in the
so-called bailout. So, these are the steps. We've entered, step by step, going back all the way to the middle
of the 1960s, in fact, but in terms of financial systems, 1971, and then the Carter administration in the
United States.
The famous names who are responsible politically for setting this into motion, include the first and second
Harold Wilson governments in Britain; and you see the result of the Harold Wilson era in a television report
yesterday, on the British Sky TV News, on the Great Western Railway System, which is a privatized
section of the former British Rail system, a victim of Thatcher. This privatized rail system had a crash. And
the crash occurred because of privatization. People were killed because of privatization. Because the only
way to make profit out of a bankrupt system, is to gut it. So, the safety signals, which should have been
operating--about six of them, according to the British report--didn't function. So the train crashed. And
people were killed.
This is typical of the effects of privatization. We saw the same thing with the crash in Hanover of the ICE
[German high-speed rail system], where a cheaper wheel was used. Safety precautions were not taken. The
same thing was done in the German rail system, that was done at Mercedes Benz, with the A-Class--of
scrapping the engineering departments which are necessary to develop and prove workable systems, and
letting a computer idiot, a nerd--a mere nerd, not a human being, but a nerd, on a computer--decide how
the thing should be designed. A nerd who understands nothing about the principles of physical science, but
who thinks that, if you know how to operate a computer, and a little mathematics, you can solve all the
problems. This is a form of psychosis. This is not anything else.
So you see all over the world, the private and public systems are being looted, consciously, willfully, with
willful criminal negligence. They call it negligence, but it was willful. What do you call that? That's called
an intentional crime. If you strip away safety systems--for example, you might say, by U.S. standards,
that the victims of the Western Railway crash this week, were the victims of HMO-style management--that
is, the privatized takeover of medical insurance programs. The cutting of medical care, as Andrea Fischer
pushes that here in Germany, is calculated mass murder! If you adjust the conditions of life, such as to
wittingly increase the death rate and suffering rate, you are a mass-murderer. If you do this for financial
reasons, then it's a crime whose motivation for murder, is stealing. But this is typical--what is
happening with the HMO and the medical system inside the United States, what is typical of Congressmen
of the United States, who are bought and paid for by Wall Street, who put through the bills which will not
allow the victim of an HMO murder to sue for damages in case of injury or loss of life, for criminal
negligence.
This is the characteristic of the present world system.
Now, what about crashes? When people hear about crashes, they think about the 1929 crash, or perhaps the
1923 blow-out of the Reichsmark and the great hyperinflation. Well, you want to know about Germany,
Weimar, the Reichsmark blow-out in 1923? It's happening right here, in the United States--on a world
scale, in Germany, everywhere, the same thing is happening. |
