Secret Agenda in Syria? Larry Summers and Cronies Opening the World to Criminal Banksters

Sept 4, 2013, AlterNet, Ellen Brown

Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.

In an August 2013 article titled “ Larry Summers and the Secret ‘End-game’ Memo,” Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street and U.S. Treasury officials to open banking to the lucrative derivatives business. To pull this off required the relaxation of banking regulations not just in the US but globally. The vehicle to be used was the Financial Services Agreement of the World Trade Organization.

The “end-game” would require not just coercing support among WTO members but taking down those countries refusing to join. Some key countries remained holdouts from the WTO, including Iraq, Libya, Iran and Syria. In these Islamic countries, banks are largely state-owned; and “usury” – charging rent for the “use” of money – is viewed as a sin, if not a crime. That puts them at odds with the Western model of rent extraction by private middlemen. Publicly-owned banks are also a threat to the mushrooming derivatives business, since governments with their own banks don’t need interest rate swaps, credit default swaps, or investment-grade ratings by private rating agencies in order to finance their operations.

Bank deregulation proceeded according to plan, and the government-sanctioned and -nurtured derivatives business mushroomed into a $700-plus trillion pyramid scheme. Highly leveraged, completely unregulated, and dangerously unsustainable, it collapsed in 2008 when investment bank Lehman Brothers went bankrupt, taking a large segment of the global economy with it. The countries that managed to escape were those sustained by public banking models outside the international banking net.

These countries were not all Islamic. Forty percent of banks globally are publicly-owned. They are largely in the BRIC countries—Brazil, Russia, India and China—which house forty percent of the global population. They also escaped the 2008 credit crisis, but they at least made a show of conforming to Western banking rules. This was not true of the “rogue” Islamic nations, where usury was forbidden by Islamic teaching. To make the world safe for usury, these rogue states had to be silenced by other means. Having failed to succumb to economic coercion, they wound up in the crosshairs of the powerful US military.

Here is some data in support of that thesis.

The End-game Memo: http://www.danielestulin.com/2013/09/07/secret-agenda-in-syria-larr...

Views: 469

Reply to This

Replies to This Discussion

173 Views in 12 hours? Hmm...

RSS

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

Modern Feudal Serf posted a blog post
26 minutes ago
JoeG favorited Diana's photo
1 hour ago
JoeG favorited Diana's photo
1 hour ago
JoeG favorited Diana's photo
1 hour ago
Chris of the family Masters posted a discussion

How Does B17 Kill Cancer Cells?

Here is a basic outline of how B17 kills cancer, but first know that vitamin B17 is composed of two…See More
2 hours ago
cheeki kea commented on Diana's photo
Thumbnail

burger-king-vegan-lawsuit

"Good job, that will teach these big food corps a lesson for pandering to angry vegans."
2 hours ago
cheeki kea favorited Chris of the family Masters's blog post A whole branch of science turns out to be fake
3 hours ago
James Roberts replied to Diana's discussion Swedish Minister of Justice on increased violent crime due to migration: “It doesn’t matter to me”
"Only one answer - The Day of the Rope!"
3 hours ago
James Roberts favorited Diana's discussion Swedish Minister of Justice on increased violent crime due to migration: “It doesn’t matter to me”
3 hours ago
James Roberts favorited steve's blog post For the trumpy lovers
3 hours ago
James Roberts favorited Chris of the family Masters's blog post A whole branch of science turns out to be fake
3 hours ago
James Roberts commented on Chris of the family Masters's blog post A whole branch of science turns out to be fake
"My autism was iatrogenic, caused by a doctor's prescription for an anti-seizure med (Dilantin)…"
3 hours ago
James Roberts favorited Diana's blog post GRAPHIC WARNING: FBI Interviews Alleged Boy Rape Victim of Bill Clinton; Chilling Details of Sex Assaults & Satanic Rituals on Yacht
3 hours ago
James Roberts commented on Doc Vega's blog post A Defeated Hessian
"You need to get off this depressive kick. You're wasting your life. The only one that can…"
3 hours ago
cheeki kea commented on Diana's photo
Thumbnail

vegan-diet

"When Radical Vegans enter attitude into the food chain there's cause for concern. The fast…"
3 hours ago
cheeki kea commented on Diana's photo
3 hours ago
James Roberts favorited Doc Vega's blog post A Defeated Hessian
3 hours ago
James Roberts commented on Mr. Sizzle's photo
Thumbnail

Thanksgiving turkey

"I can't stand bourbon. And I can't believe Bacardi discontinued it's 151 rum (I…"
4 hours ago
cheeki kea favorited Diana's photo
4 hours ago
James Roberts favorited Mr. Sizzle's photo
4 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted