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Obama's Treasury Candidates: Old Guard Of The Corporate
Elite
Globalist enthusiasts and architects of the financial
meltdown do NOT represent change
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All of the leading candidates for the position of Treasury Secretary
under president elect Barack Obama directly represent the old
guard of the corporate elite system that has used the American
economy as it's engine to drive their march toward a global empire
for decades.
Under the banner of "change" whichever
of these
candidates is appointed to the Treasury will continue
to rapidly expand the empowerment of the Federal Reserve monetary
system and institute the very policies that have led us to the
brink of financial ruin to move the economies of the world toward
a centralized global banking system.
The Leading candidate for Obama's Treasury Secretary
is current Chairman of the Federal Reserve Bank of New York Tim
Geithner.
In 2001, after leaving Bill Clinton's Treasury,
Geithner joined the Council on Foreign Relations as a Senior Fellow
in the International Economics department. He then worked for
the International Monetary Fund as the director of the Policy
Development and Review Department until moving to the Fed in October
2003. In 2006 he became a member of the influential Washington-based
financial advisory body, Group
of Thirty, which was founded in 1978 at the initiative
of the Rockefeller Foundation.
Back in June of this year after attending
the annual Bilderberg power brokers conference in
Virginia, Geithner penned an article in the Financial
Times in which he called for a worldwide financial
overhaul and the implementation of a globalized banking system.
Geithner stated that the US Federal Reserve should
play a "central role" in the new regulatory framework,
working closely with supervisors in the US and round the world.
"At present the Fed has broad responsibility for financial
stability not matched by direct authority and the consequences
of the actions we have taken in this crisis make it more important
that we close that gap," Geithner wrote.
How can Geithner represent real change when he is a long time
servant of the very entities that created the conditions for and
perpetuated financial meltdown for years?
Geithner represents an entrenched central banking system that
has killed the free market, built up a power monopoly over the
money and credit system, consistently followed an intrinsically
detrimental path of ceaseless borrowing and presided over the
fundamentally damaging process of printing of money out of thin
air, leading to the devaluation of the US dollar which now has
a global reputation on a par with if not worse than that of George
W. Bush.
Geithner represents a critically bloated bastard entity of government
and private wealth that has manipulated interest rates and falsely
inflated bubbles that have fostered an economy of moral hazard
and driven the world straight into a financial black hole.
In what way does this man offer any possibility of "change"?
He now advocates the implementation of measures of predatory
globalism to solve the very crisis those policies have created.
And he will have the tools to do it after the recent bailout bill
passed granting the Treasury virtual dictatorial powers over economic
policy.
Geithner is likely to get the nod as Treasury Secretary
because he best fits the appearance of change, even though
he does not represent any significant change.
Consider the following from a recent
New York Times article:
[...] one senior adviser said it would be important
to send a message of change at a time of economic crisis. "You
can expect a fresh face instead of a recycled face" at
the Treasury, the adviser said. He said that would include the
boyish-looking Mr. Geithner, 47, who worked at the Treasury
under Mr. Clinton and his Republican predecessors and has generally
gotten high marks for his role in shaping the government response
to the current crisis.
These traits symbolize Obama's presidency to the
tee, he appears to offer change on the surface, but underneath
he offers as little real change from the entrenched elitist system
in Washington as a McCain presidency would have or if George W.
Bush had simply announced he was going to serve a third term.
(Article continues below)
The other candidates for Treasury secretary are
likely to pursue exactly the same path as Geithner. Those candidates
are:
Paul
A. Volcker
The former Federal Reserve chief was a key figure
in the decision to suspend gold convertibility in 1971, which
resulted in the collapse of the Bretton Woods system. Volcker's
policies and continued high interest rates contributed to the
significant recession the US economy experienced in the early
1980s, which included the highest unemployment levels since the
Great Depression.
After leaving the Fed he became chairman of J. Rothschild,
Wolfensohn & Co, the prominent New York investment banking
firm run by former president of the World Bank and prominent Bilderberger
James D. Wolfensohn.
Volcker was also a founding member of the Trilateral
Commission along with David Rockefeller, whom he has also worked
with at Chase Bank and through membership of the Trust Committee
of Rockefeller Group, Inc.
As of October 2006, he is the current Chairman of
the Board of Trustees of the Rockerfeller-founded Group
of Thirty.
Robert
E. Rubin
Former Treasury Secretary during the first and second
Clinton administrations.
Rubin is as much to blame for the creation of the
current financial crisis as Alan Greenspan is, as both men ignored
the advice of the Commodity Futures Trading Commission (CFTC)
and strongly opposed the regulation of derivatives. Over-exposure
to credit derivatives of mortgage-backed securities - or credit
default swaps (CDS) was a key reason for the failure of Bear Stearns,
Lehman Brothers, Merrill Lynch, American International Group,
and Washington Mutual in 2008.
On November 4, 2007, Rubin became the Chairman of
Citigroup and is currently co-chairman of the board of directors
of the Council on Foreign Relations. Rubin is also a member of
the Group of Thirty.
Lawrence
H. Summers
Former chief Economist for the World Bank (1991–1993)
and Secretary of the Treasury for the last year and a half of
the Clinton administration. Also served as the 27th President
of Harvard University from 2001 to 2006.
Summers has been persistently criticized as an ardent
proponent of globalization.
He has been involved in scandal several times, but
perhaps the most notable was in December 1991 while at the World
Bank. Summers signed a memo, which was subsequently leaked to
the press, stating that developed countries ought to export more
pollution to developing countries because these countries would
incur the lowest cost in terms of lost wages of people made ill
or killed. An aside to the memo stated that "the economic
logic behind dumping a load of toxic waste in the lowest wage
country is impeccable and we should face up to that".
Summers is also a member
of the Group of Thirty, the Council on Foreign Relations and the
Trilateral Commission.
So there you have it, choose your poison. Although
they all have different labels they originate from the same bottle.
These people do not represent change, they represent a continuation
of the same elitist system that has no allegiance to the US and
has been driving the American economy into the ground as part
of its maniacal agenda for decades.
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