The events of last two weeks lass lay bare the infeasibility, immorality, and criminality of the financial system, imposed on monetary and banking world for decades by those who promote “globalization”. The same has allowed and promoted a small group of people accumulate vast power over markets, companies, Industries, armed and security forces – On entire nations! - An irresponsible and criminal.

It is an iniquitous system of global power, concocted and designed in the centers of geopolitical and geo-economic planning Private serving power structures of the New World Order – remarkably, their think tanks (brain banks) as private Council on Foreign Relations (CFR, founded in New York 1919), theTrilateral Commission (founded in the United States1973), the Bilderberg Conference (made in Holland1954), and others such as Cato Institute, American Enterprise Institute (AEI)and Project for a New American Century (PNAC)  (1).

Due to the enormous complexity of the process that is unfolding right now, the enormous amount of information that is happening every day, and the apparent difficulty of providing global and regional outcomes and in our country, is that we summarize below some aspects and key data that help you build the puzzle, to discern the true face of this drama.

Indeed,and Argentine, we have a huge advantage over other peoples including U.S., for the simple reason that in recent years we have personally suffered the scourge of successive disastrous inflationary crisis, hiperinflacionarias, systemic banking collapses, currency exchange, swaps and mega-caneja, Financial shields, pens and corrals…   

A Model Falaz

• Finance versus Economics – The system Financial (the world is eminently Virtual, unreal and parasitic),designed to operate increasingly as contrary to the interests of economy (the world is real work, production and the specific services). Over the last decades, Finance and Economy were distancing themselves from each other, failing to maintain this healthy and balanced diet that emphasizes complementary Common Good, and becoming increasingly antagonistic. This is reflected, inter alia,in the current economic and financial system whose main support is the concept of DEBT, what makes real economy always pinches and subordinated to the interests and whims of Virtual Finance.
• System Debt – Concerning the financing of the economy with real resources, prevailing liberal doctrine has shifted increasingly to the state as indispensable task of using the national currency as a means of financing the economy, según los ejes de un Proyecto Nacional centrado en promover el Bien Común dentro de sus fronteras y defender el Interés Nacional ante fuerzas adversariales.  De ahí se entiende que hoy se haya transformado en un Dogma de las finanzas el concepto aberrante de considerar que los bancos centrales deben mantenerse ”independent” State, what a way to make them subordinate to the interests of the private banking superstructure, instead of the people and the economy as a whole. This is so in Argentina and other countries, but in the case of United States is particularly pernicious because its central bank – the Federal Reserve Bank (Fat) - is plainly private 97% of its shareholding structure (even admitting that it is an ownership structure on generis). If successful private banking superestructrura control the central bank, may then impose a severe under-monetization of the economy makes neverhas sufficient capital to meet the needs of the real economy. Thus, Private banks are those which “fill the gap” artificially generated,becoming a primary source of credit for the whole economy, through the highly profitable business of lending money at interest, often at usurious rates. As geoeconómico (2), It also served to generate massive public debt in countries such as Argentina also fell into the fallacy of not knowing how to use their national currency,adopting neoliberal awkwardly all in central banking, debt and other monetary instruments, banking and structured finance in a manner contrary to the National Interest.
• Fractional Reserve System- The current banking concept in most of the world, allow private banks to generate a whole of nothingmoney “Virtual” (or, scriptural annotations current account, savings and credit lines)in a relationship 8, 10, 30 the 50 times the amount of cash they have in their coffers. Top, for that “money” created out of nothing, charge interest and require collateral and achievable. The relationship between the amount of dollars or pesos in its coffers, and the amount of credit they can generate is determined by the central bank (recordemoslo: controlled by private banks themselves), is called bank reserves,and reflects a statistical estimate of the portion of savers Normally attend banks to withdraw cash; or, in denominations of currency. What happens is that the concept “normal”,is a factor collective psychology, intimately linked to the perception that the depositors of the financial system in general, and each individual bank. When there are”times abnormal” - That is the usual and regular crises and bullfights “exploit” suddenly as occurred in Argentina 2001 and now occurs in the United States – then see how all depositors are withdrawing their money. You then discover that the cash available to pay barely a few (and often arbitrarily benefit) savers: the rest is not more money, thus must rely on official insurance on bank deposits(and the U.S. that covers up to U.S. $ s 100.000 by saver, insured by the Federal Deposit Insurance Corporation State (FDIC)(. In Argentina, turn to the pans…All thanks to fraudulent fractional reserve banking system.
• Investment Banking – U.S., the so-called “commercial banks” are those with large portfolios of bank accounts, savings and time deposits of individuals and businesses (banks like Citigroup, Bank of America, JPMorganChase etc., In our country the Bank Stardard, BBVA, HSBC and other GALICIAMAR), they usually have a socket that allows them to generate 6,8, the 10 dollars or pesos”virtual” for every dollar or weight they have in their coffers. These banks “commercial” tend to be strongly controlled by the monetary authorities of the country. However, among the so-called “investment banks” U.S. and Global (those who make loans to mega-corporations and states, and have great customer), much less control and fittings are, much lower. This allows them real for every dollar in its coffers, issuable 26 U.S. dollars “virtual” (Goldman Sachs), 30 virtual dollars (Morgan Stanley),more 60 U.S. dollars “virtual” (Merrill Lynch before its collapse last 15 September), or more 100 U.S. dollars “virtual” in the case of the collapsed bank Bear Stearns and Lehman Brothers. (3) 
• Plumbing system and transfer -Another fundamental concept we find in the way that channel gains and losses are transferred the length and breadth of the whole system, makes in good times and huge income (when the system grows, is stable and can generate a lot of money out of nothing), all earnings are privatizedfor shareholders, speculators, directors,managers, “investors”, etc. within financial institutions themselves. But when the system collapses, unstable and goes into collapse as it is today, then all socialized losses, being absorbed by the national government through the most varied mechanisms of transfer to the people (in the form of inflation,hiperinflaciones, bank collapses, bail-outs, tax increases, defaults, nationalization, etc).
• the 4 Axes of the Neoliberal Model – In brief, these fundamental axes operate in a coordinated manner, consistent with and complementary to each other, which results in, even though in the short term generate brief good times,in the medium and long term their numbers never “close”. Then, its periodic systemic crises are inevitable and quite predictable,either Argentina or the United States:
  1. Monetary stringency – generated by central banks “independent” que queda controlada por la superestructura bancaria privada, local and international; 
  2. Private banking based on the fractional reserve system - which together generate virtual money from nothing,charging interest – often usurious – by the same, generando enormes ganancias para “investors” y acreedores;
  3. DEBT - concepto fundamental que “moves” the private and public economies replacing the far more healthy concept of business reinvestment and individual savings. Customers benefit from the unnecessary generation of debt, need to promote among the people around the world an unbridled consumerism, that always goes hand in hand with a lack of sense of anticipation and savings; (4)
  4. Privatization of profits / socialized losses – as a mechanism to channel and transfer when the recurring cycles come to an inexorable end and someone has to pay the piper.

Some Facts and Concepts

It is very sobering recap on some of the most important milestones in recent times leading up to the present terminal crisis of the global financial system and reflect, with specific names, As described above (by “Loans” we refer to the assets of these banks in their portfolios of loans made):

• January 2008: Bank collapse Countrywide Financial (u $ s loans 172.000 million)
• March 2008: Collapse of investment bank Bear Stearns (u $ s loans 399.000 million),acquired by JPMorgan Chase through a line of credit for u $ s 30.000 million granted by the Federal Reserve Bank (Fat). Earlier this month the central banks of U.S. and EU made three major injections of capital market: 7 March: The Fed offers special lien loans to major banks for U.S. $ s 200.000 million – 11 March: The Fed offers special help investment banks for $ s 200.000 million in exchange for roles hitopetcas – 21 March: The European Central Bank provides support to banks for U.S. $ s 24.000 million and the Bank of England does the same for u $ s 10.000 million.
• April 2008:Commercial bank collapseIndyMac Bancorp (u $ s loans 32.300 million). Germany also falls bank Dusseldorf mortgage bank (u $ s loans 42.500 million). 
• July 2008: UK bank falls Alliance & Leicester (u $ s loans 153.400 million). Danish absorbance falls Roskilde Bank (u $ s loans 7.900 million).
• 7 September2008: Nationalization of the two largest agencies takers U.S. mortgage portfolios – Freddie Mac (u $ s loans 879.000 million)and Fannie Mae (u $ s loans 885.900 million)FED, a direct cost u $ s 200.000 million,by the State to assume a debt portfolio of U.S. total$ s 5.400.000 million;
• 15 September 2008: Collapse of fourth largest U.S. investment bank, Lehman Brothers (u $ s loans 966.200 million). Collapse of investment bank Merrill Lynch (u $ s loans 639.400 million)he was rescued by Bank of America at a cost of U.S.$ s 50.000 million (unofficially provided by the Fed, as the Bank of America did not have that much to save Merrill)
• 16 September, 2008: The U.S. central bank, European Union, England,Japan, Switzerland and Canada put together an emergency fund for $ s 180.000 million of currency exchange. 
• 17 September 2008:Collapse of the largest insurance and global, American International Group (AIG) (assets for u $ s 1.050.000 million), nationalized by the Fed at 85% at a cost of u $ s 85.000 million.One reason for this bailout we find that the collapse of AIG would have dragged the bank Goldman Sachs, reason why their CEO Lloyd C. Blankfein, was the only banker invited to participate in these negotiations with the governor of the Fed Bernard B. Bernanke and Treasury Secretary Henry Paulson. Note that to take over as treasury secretary in June 2006, Paulson was CEO of Goldman Sachs from the date of which was replaced by Blankfein.
• September 19, 2008: Henry Paulson, Bernard Shalom Bernanke (Fed Governor) and Christopher Cox (chairman de la Securities & Exchange Commission – the U.S. Securities and Exchange Commission) presented to Congress a plan to rescue the style of “financial bailout”by u $ s 700.000 million to avoid additional bank failures that could bring down the entire banking system and U.S. financial and, by extension, global. The urgency of officials and congressmen note in their faces and in the debate because this “shield” is nothing but a blank check to Paulson and Bernanke asked for their “superpowers” a-la-Horse,make a huge bailout of Wall Street bankers and speculators parasite. Even President George W Bush in his message to the world 24 September, dramatically emphasized the grevedad of the crisis. Asked at a congressional Bernanke on how you arrived at this gigantic figure of U.S. $ s700.000 million, Fed Governor responded by saying that it represents 5% (!!!) of mortgages which he said are bad. But,Independent analysts estimate that this figure is totally inadequate, because the portion of mortgages that are or will be expected bad – and should therefore be written off by banks – is much higher: the order of 10, 15 the 20 percent, which would raise the amount of bailout to unimaginable numbers. Hence, it is understood in part the rebellion of the House of Representatives on Monday 22 September rejected 228 negative votes against 205 votes, which resulted in the biggest stock market drop in New York history: 778 Dow Jones index points(more than 7%) and 16% drop between financial institutions,in what is now called “Bloody Monday”. Not for nothing, in its Sunday edition 21 September, the usually conservative daily “The Daily Telegraph” London said there are concrete possibilities that the U.S. State finished declaring itself in default on its entire debt, Today's order of u $ s 13.500.000 million.   Then 1 October, the Senate passed a new version of the bailout proposal now being referred to the House.
• The last two investment banks that are still considered”healthy” – the highly respected Goldman Sachs and Morgan Stanley – have just decided that become commercial banks, thereby accepting the much greater control over their operations by banking authorities. That means prompt and orderly manner should reduce their debt portfolios generated through fractional reserve system described above. Emergency as a temporary measure, financier Warren Buffet took a share of u $ s 5.000 million and Goldman Sachs to help “sanearlo”, which is indicative of the situation is still critical bank.
• 22 September, 2008: After some “radio silence”regarding the status of a major U.S. commercial banks the CitiGroup helped with the “bailout” of two new mega-collapses of these days: Washington Mutual Savings & Loan (the largest U.S. savings bank with deposits of U.S. $ s 309.700 million), and the bank Wachovia (u $ s deposits 812.400 million). 
• September 22 to 30: The “contagion” of the crisis reaches Europe is experiencing a spate of collapses and bailouts:
  • Fortis (Bank and Belgian-Dutch insurer, rescued by the governments of Belgium, Netherlands and Luxembourg – u $ s deposits 1.533.000 million),
  • Bradford & Bigley (UK bank rescued by u $ s 30.000 million by the Santander Group – u $ s deposits 104.000 million),
  • Hypo Real Estate AG (German bank, rescued by the government at a cost of u $ s 50.000 million – u $ s deposits 622.200 million),
  • Dexia (Franco-Belgian bank rescued by their governments at a cost of u $ s 9.200 million – u $ s deposits 913.000 million), 
  • Glitnir (Icelandic bank nationalized 75% at a cost of u $ s 900 million – u $ s deposits 48.900 million).
• Claramene, these numbers overwhelm and sum exceeds the GDP of the United States or Europe, allowing you to envision what lies ahead as there are disturbing rumors of problems at other big banks:
  • UniCredit Italy-based European who owns HypoVereinsbank Germany, and Bank Austria.
  • UBSSwitzerland, and
  • National City Corporation, Downey Financial Corporation and Sovereign Bancorp, U.S..
  • All have high exposure to mortgage securities “toxic”, according to the new definition of the Fed… 
• The mainstream media and international opinólogos insist that these bailouts will pay the “American taxpayer” and Europeans through higher taxes, today and tomorrow. This is just a part of the truth. The reality is that, in the case of U.S.,These bailouts only be paid with an even greater uncontrolled monetary emission by the Federal Reserve Bank, lo que acelerará la erosion del valor del dolar.  O sea, the cost of this disaster will pay for all the world that has dollar holdings, and not just “U.S. taxpayers”  

Predictable outcomes

• This crisisthe global financial system based on usury parasitism and which today we are all witnesses, is terminal.Can not be solved through mechanisms and strict monetary and economic measures. If American and European authorities are restricted solely to this level, then a serious collapse appeared imminent.
• A more pragmatic view of global power structures and U.S., without ermbargo, to the conclusion that U.S. will not allow just like this happen. We then understand that the world is about to take a dramatic turn. We glimpse what we might callthree alternative to deal with the crisis, according to scenarios of increasing severity and instability:
  • Plan A (relatively low intensity crisis; operating in the financial) - It provides for the continuation of negotiations in Congress on package of $ s 700.000 billion financial bailout, finally getting approval in the coming days, which will apply the money as credit line initial emergency, to assist / rescue those banks that enter crisis. This will include midsize banks, foreign banks with U.S. operations (HSBC, Barclays, Deutsche Bank and other),and particularly to the U.S. megabanks still standing as Goldman Sachs, Morgan Stanley, JPMorgan Chase y CitiGroup (the latter looks forward to substantial new funds to not collapse in). Immediate effect: the crisis may be administered in the weeks to come through largely financial measures and mechanisms, while redefining the rules on Wall Street and managed futures and insurance bank collapses.
  • Plan B (medium-intensity crisis; operating at the monetary and financial) - Congress In approve or drastically limit the financial bailout package of emergency, in the days and weeks ahead there is a new spate of bank collapses and insurance. Then, United States (Treasury and Fed)states militarily a national economic emergency and establishing an exchange – a “New Dollar” – that the dollar will reverse that current metal gold backing approved (through the introduction of a safety factor – chip or hologram – absolutely inviolable, transforming it into a sort of “global gold reserves” of high value). Declare a bank holiday extended to implement the replacement of currency, and the transition will be determined beneficial terms for banks, companies, citizens and allies preferred (or, they recognize a “one by one”: a “New Dollar” for every dollar current). Then, with certain powerful holders of dollars and treasury bonds, be negotiated by clear geopolitical and geo-economic interests: eg., China conm, Japan, European Union, and some institutions and companies that can transform their current dollar holdings for other parities according to New Dollars (for example, 2, 3 the 4 old dollars for every New Dollar). Finally, the remaining holders of dollars - private savers around the world, Argentina with dollars in the mattress, black economies, etc. – be told that the U.S. has nothing to say officially and allowed to”local and international market determine the parity between the Dollar and the old New dlolar”. Then, we will see the local money changers offering8, 10 the 20 old dollars for every New Dollar who rush out to get rid of those green pieces of paper with decreasing value…(5)   Immediate effect: minimize losses socialized own U.S. and its allies preferred, while the largely regionalized (or, is the export the rest of the world).
  • Plan C (high-intensity crisis; also operates at the geopolitical and military) – U.S. authorities can not overcome the crisis with financial measures, monetary and economic, resulting in increasing internal social violence and political uncertainty for the United States and its allies. This raises the issue in the geopolitical,probably”kicking the board” in the political, diplomat military, promoting more widespread situation of global warthat will divert resources, liquefy the effects of the crisis, impose severe restrictions on internal freedoms of the U.S. sopretexto “national crisis”, intervene militarily around the world,and mobilize the country (and its allies) as it pertains to human and material resources,boosted by a strong collective psychological action calling “Defense” before the “enemy” (y shift conveniently manufactured, means…). One of the desired effect would be to rebalance the economy and finance, motorized, through a re-intensified military industry in the United States has a unique position. Immediate effect: The trigger likely consist of a unilateral attack against Iran under the pretext of its nuclear plan, Worse,a well-orchestrated mega-attack “false flag” (complex self-attack planning, but would benefit the power structures of the New World Order) on U.S. soil or against U.S. interests or its allies in other parts of the world), Pale will make the 11 September 2001. The very powerful Western media blamed it on Iran in particular, and the wider Muslim world, which would justify a series of attacks and invasions. Another possibility is that this unilateral attack against Iran will be conducted by the State of Israel after receiving the green light to start, then drag it to the U.S. in the ensuing war. Russia will certainly also will be involved, lo que tendrá el efecto de dividir y debilitar a la Unión Europea especialmente en su volatil region centroeuropea.  Semejante incendio bélico iniciado en Medio Oriente será excusa suficiente para liberar totalmente la explotación de las reservas petrolíferas en Alaska, justify an invasion of Venezuela's oil fields, and militarize the South Atlantic in the areas of Brazilian and Argentine oil reserves for which have already primed the Fourth Fleet of the U.S. Navy. Probably, this will also involve China and India, and settle a situation of war World, today's difficult sizing and forecasting ..

This review only makes up a sketch of the situation of unprecedented gravity that faces all of humanity. The result of the deeply upsetting everyone. We offer it as a kind of exercise Risk Management  (Risk Management) that can serve as a starting point for better strategic planning between private and public organizations, between the National Government itself should take a strong initiative.

For more than mediocre political class Argentina- occupying both the Government and the so-called “Opposition” – not understand, fabulous opportunity now open for Argentina. We have the opportunity to make a quantum jump record, but this is necessary to understand fully how reallypower structures of the New World Order, politically, economic, financial and monetary. The objective of this analysis is to encourage at least one sector of Argentina's public opinion understand.

Anyway, the days and weeks ahead will be the most transcendent of the last decades for all the inhabitants of the earth. We Alerts…

Movimiento por la Segunda República Argentina (MSRA)

Adrian Salbuchi  

Notes

(1) We have described in full details how this global private power structure,in several articles and books, particularly in the books “The brain of the world: the hidden face of globalization ” (Ediciones del Copyist, Cordoba, 2003, 4ta. Edition) and “WELCOME TO THE JUNGLE: dominance and survival in the New World Order” (Editorial Anabasis, Cordoba, 2005).

(2) CFR concept introduced by New York through its chair Maurice Greenberg, the same banker who for decades led to the collapsed insurer AIG - American International Group.

(3) Data extracted from The New York Times, Part 22-Sept-08

(4) A substantial part of the U.S. crisis is given by the huge indebtedness of its citizens with the credit card companies, now estimated at a total debt of around u $ s 1.000.000 million, refinanced by which balances are paid in U.S. interest rates on the order of 20 A 30 Annual percent (FoxNews report,25 September 08).

(5) This process is described in greater detail in an essay “Death and Resurrection of the U.S. dollar”, available www.asalbuchi.com.ar or can be ordered free of charge to salbuchi@fibertel.com.ar.