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bankers take the place of leaders of governments without elections

Written by Alain Pilote on Sunday, 01 January 2012. Posted in History

As Louis Even wrote in the previous issue of MICHAEL, a superpower dominates governments — the power of those who control the creation of money in a nation. No matter which politician is in office, if the power to create money is left to private banks (by allowing them to lend money at interest to individuals, corporations and governments), instead of leaving this power of money creation to society itself, to which it rightfully belongs, then this nation will have no choice but to go deeper into debt and crises. This is what we are witnessing now all over the world.

Mr. Even wrote: "Who is above governments? God, you will say. This is right, even though many people refuse Him the first place. However, there is also a human power to which no government seems to be able or want to refuse precedence: the power of the money creators." It is Mayer Amschel Rothschild, the leader of a great banking dynasty and ancestor of the present debt-money system, who said, at the end of the 18th century: "Permit me to issue and control the money of a nation and I care not who makes its laws."

The international bankers usually prefer to remain in obscurity and act behind the scenes, making sure that the politicians elected by the population will follow their orders and maintain their monetary power, either by financing their election or by using blackmail, threats, bribery and similar methods.

Recently, these international bankers made a bold step further: instead of installing pawns or puppets in office, they themselves literally took the place of heads of governments, without (seemingly) the need of organizing elections. In order to bring to completion their plan of world domination, they take no risks and do not bother with middlemen: they are in control and do not even take the trouble to hide it. It is a real financial coup d'état, for the benefit of the international bankers. Here is, for example, the recent case of three stooges of the US bank Goldman Sachs who have reached strategic positions: Mario Draghi, Loukas Papademos and Mario Monti.

Mario Draghi, who is Italian, has a degree in economics from the Massachusetts Institute of Technology (MIT). He was given the task of privatizing the Italian sector from 1993 to 2001. He became governor of the Bank of Italy in 2006. From 2002 to 2006 he was vice-president for Goldman Sachs in Europe, the powerful American bank. During this time, this bank loaned 300 million to help Greece camouflage its deficit in order to be admitted into the European Union. On November 1, 2011, Draghi was named president of the European Central Bank (ECB). He is also a member of the Trilateral Commission (see box) and the Bilderberg group.

Mario Draghi (left), new president of the ECB and

Jean-Claude Trichet, the previous president of the ECB

Loukas Papadimos, a Greek who also with a degree from the Massachusetts Institute of Technology (MIT), was a professor at the United States Columbia University before becoming a economic consultant for the Federal Reserve bank of Boston. From 1994 to 2002, he was governor of the Bank of Greece, a post that he occupied when Greece was "qualified" for the euro, thanks to the falsified accounts done by Goldman Sachs. Also, he was the vice-president of the European Central Bank (ECB).

On November 10th, under pressure from the European Union and of the G20, he was named prime minister of Greece with the support of the two dominant parties. He is a member of the Trilateral Commission. The departing Prime Minister, Georges Papandreou, had declared that he would ask the population through referendum if they would agree with the austerity measures imposed by the European Union and the IMF that, even if it was very democratic, was unacceptable for the international financiers. Two days after the announcement of this referendum, Papandreou was forced to step down. (Ironically, Greece is called the cradle of democracy.)

The new prime minister of Greece, Loukas Papademos

On November 16, 2011, without election, Mario Monti became the prime minister of Italy, replacing Silvio Berlusconni. Monti has a diploma from the University of Yale in the United States. He studied the structure of banks as a regime of monopoly. He was European Commissioner for ten years, from 1994 to 2004. He is also a member of the Trilateral Commission and the Bilderberg group; he was named a counselor for Goldman Sachs in 2005.

Besides the post of Italian prime minister, Mr. Monti is Minister of Economics. The Monti government is composed exclusively of technocrats. Corrado Passera, the owner of the Intesa Sanpaolo bank became, for example, the minister of Infrastructure and Economic Development. There is no politician in the government, among the 16 ministers. For Mr. Monti, this absence: "will make easier any obstacles to governmental action." Since he was not elected, he does not have to answer to the population for anything. Isn't this wonderful? One cannot find a more obvious contempt for democracy!

Mario Monti (left), the new prime minister of Italy, with his predecessor Silvio Berlusconni

The Goldman Sachs bank is nicknamed in the United States "the Sachs government" because it is so influential over the American government. The treasury secretary of Clinton, Robert Rubin, who aided in the financial deregulation of the country, came from Goldman Sachs. The same with the treasury secretary of Bush, Hank Paulson, who transferred to the States the rotten debts of the banks during the financial crisis.

Mark Carney, who is governor of the Bank of Canada, came also from Goldman Sachs. On November 4, 2011, he was named the head of the Counsel of financial stability, ordered by the G20 to supervise and apply policies to restructure the world financial sector.

In order that the euro, the single European currency, can function property, all the countries of Europe were forced to have a common budget, which meant that they abandoned the little that was left of their sovereignty. It is the objective goal since the creation of the European Union: that was first of all a union that was strictly commercial (the Common Market or the European Economic Community), was transformed into the European Union in 1993, where all the member countries had to abolish their border tariffs and leave to the (unelected) technocrats of the European Commission in Brussels the care of deciding the fiscal and monetary policies of the countries. And since 1999, most of the member countries of the European Union abandoned their national currency in order to share a common currency, the euro. Jose Manuel Durao Barroso, president of the European Commission, said recently:

"The way forward in Europe is through more integration," he said. "This crisis has caused an acceleration of history and we must be ready today to take the measures that were envisaged only for tomorrow."

The objective of this banker's coup d'état is to exploit the euro debt crisis as a vehicle through which to create a European federal super state that will transfer all remaining control over national affairs to Brussels. The globalists have already started the process, hand-picking two unelected stooges to replace democratically elected Prime Ministers in Greece and Italy.

Everyone knows that Greece can never reimburse its debts but they continue to give them loans in order for them to go even further into debt. Like a game of dominos, all the countries of Europe will fall one after the other, under these debts. Not only will the euro explode but so also will the American dollar because the United States has the record debt and extreme poverty.

According to new US census data released on Nov. 4, 2011, the ranks of America's poorest poor have climbed to a record high: about 20.5 million Americans, or 6.7% of the U.S. population, make up the poorest poor, defined as those at 50% or less of the official poverty level. In 2010, the poorest poor meant an income of $5,570 or less for an individual and $11,157 for a family of four. That 6.7% share is the highest in the 35 years that the Census Bureau has maintained such records.

Why are we in this chaos? It is because governments borrow at interest from private banks, money that they could borrow interest free from their own central banks. In 2007, the European States were even stupid enough to include this ban (not using the European Central Bank to finance governments) in Article 123 of the European Constitution, the Lisbon Treaty. Commercial banks, however, can borrow from the ECB at 1.25%, and then lend this money to governments at rates of 5 or 6% or even more…

The logical and only solution is for nations to resume their sovereign right to issue their own money, without debt, by making money a real exact accounting system, a true reflection of physical realities, as it has been explained many times in other articles of MICHAEL.

By giving private companies (commercial banks) the power to create the money of the nation, the State has become, according to the words of Pope Pius XI in his encyclical Quadragesimo Anno, "the servant of the money powers", instead of being the servant of the common good: "The state, which should be the supreme arbiter, ruling in kingly fashion far above all party contention, intent only upon justice and the common good, has become instead a slave, a docile instrument at the service of all passions and ambitions of interest."

About the Author

Alain Pilote

Alain Pilote

Alain Pilote has been the editor of the English edition of MICHAEL for several years. Twice a year we organize a week of study of the social doctrine of the Church and its application and Mr. Pilote is the instructor during these sessions.


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