Morgan Stanley Strategist: Head for the Hills!

Bloomberg reported earlier this week that the former chief global stategist for Morgan Stanley is telling people to prepare for the worst. One more time folks, this is no conspiracy theorist. Barton Biggs, MORGAN STANLEY'S FORMER CHIEF GLOBAL STRATEGIST is telling you there is going to be an economic collapse. Read the article below.

Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking it with ``seed, fertilizer, canned food, wine, medicine, clothes, etc.''

The ``etc.'' must mean guns.

``A few rounds over the approaching brigands' heads would probably be a compelling persuader that there are easier farms to pillage,'' he writes in his new book, ``Wealth, War and Wisdom.''

Biggs is no paranoid survivalist. He was chief global strategist at Morgan Stanley before leaving in 2003 to form hedge fund Traxis Partners. He doesn't lock and load until the last page of this smart look at how World War II warped share prices, gutted wealth and remains a warning to investors. His message: Listen to markets, learn from history and prepare for the worst.

``Wealth, War and Wisdom'' fills a void. Library shelves are packed with volumes on World War II. The history of stock markets also has been ably recorded, notably in Robert Sobel's ``The Big Board.'' Yet how many books track the intersection of the two?

The ``wisdom'' in the alliterative title refers to the spooky way markets can foreshadow the future. Biggs became fascinated with this phenomenon after discovering by chance that equity markets sensed major turning points in the war.

The British stock market bottomed out in late June 1940 and started rising again before the truly grim days of the Battle of Britain in July to October, when the Germans were splintering London with bombs and preparing to invade the U.K.

`Epic Bottom'

The Dow Jones Industrial Average plumbed ``an epic bottom'' in late April and early May of 1942, then began climbing well before the U.S. victory in the Battle of Midway in June turned the tide against the Japanese.

Berlin shares ``peaked at the high-water mark of the German attack on Russia just before the advance German patrols actually saw the spires of Moscow in early December of 1941.''

``Those were the three great momentum changes of World War II -- although at the time, no one except the stock markets recognized them as such.''

Biggs isn't suggesting that Mr. Market is infallible: He can get ``panicky and crazy in the heat of the moment,'' he says. Over the long haul, though, markets display what James Surowiecki calls ``the wisdom of crowds.''

Like giant voting machines, they aggregate the judgments of individuals acting independently into a collective assessment. Biggs stress-tests this theory against events that shook nations from the Depression through the Korean War, which he calls ``the last battle of World War II.''

Refresher Course

Biggs has read widely and thought deeply. He has a pleasing conversational style, an eye for memorable anecdotes and a weakness for Winston Churchill's quips. His book works as a brisk refresher course.

What really packs a wallop, though, is his combination of military history, market action, maps and charts. It's one thing to say that the London market scraped bottom before the Battle of Britain. It's another to show it.

In May and June 1940, some 338,000 British and French troops had been evacuated from Dunkirk by a flotilla of fishing boats, tugs, barges, yachts and river steamers. The French and Belgian armies had collapsed; the Dutch had surrendered. Britain stood alone, as bombs shattered London and the Nazis prepared to invade. Yet stocks rallied.

Mankind endures ``an episode of great wealth destruction'' at least once every century, Biggs reminds us. So the wealthy should prepare to ride out a disaster, be it a tsunami, a market meltdown or Islamic terrorists with a dirty bomb.

The rich get complacent, assuming they will have time ``to extricate themselves and their wealth'' when trouble comes, Biggs says. The rich are mistaken, as the Holocaust proves.

``Events move much faster than anyone expects,'' he says, ``and the barbarians are on top of you before you can escape.''

``Wealth, War and Wisdom '' is from Wiley (358 pages, $19.95 USD)

Goldman Sachs Shorted Greek Debt After It Arranged Those Shady Swaps

Goldman Sachs arranged swaps that effectively allowed Greece to borrow 1 billion Euros without adding to its official public debt. While it arranged the swaps, Goldman also sought to buy insurance on Greek debt and engage in other trades to protect itself against the risk of a default on those swaps. Eventually, Goldman sold the swaps to the national bank of Greece.

Despite its role in creating swaps that may have allowed the Greek government to mask its growing debts, Goldman has no net exposure to a default on Greek debt, a person familiar with the matter says.

Goldman is “flat” when it comes to Greece, the person said. Which is to say, its long and short exposure to a potential Greek default are in balance.

In light of this combination of arranging structured financing while shorting the customer's debt, Goldman may find itself in a familiarly uncomfortable public light. Goldman has come under a barrage of criticism for structuring mortgage backed securities while its traders shorted that market. As a result of those short trades, Goldman lost far less money than its rivals when the US housing market imploded.

Something similar is at work here and the criticism will likely follow along the same track. Goldman was uniquely well-positioned to understand that Greek debt service obligations were higher than they would have appeared just by looking at its official debt levels, making Greece a riskier credit. This knowledge may have allowed Goldman to acquire credit protection on the trades on the cheap.

To our eyes, this entire line of criticism is off-base. Take mortgages. While some media accounts claim that Goldman made billions by shorting the housing market, the truth is that Goldman actually lost money during the worst of the mortgage meltdown. The billions it made on short trades were out-weighed by the billions lost on the long trades.

Similarly, Goldman may have sought to protect itself against heavy losses from Greece because it was uniquely exposed to those losses. The terms of the swap meant that Goldman essentially made an upfront payment to Greece in exchange for a revenue stream later. If Greece defaulted on its obligation to keep that revenue stream flowing, Goldman stood to lose money. In such circumstances, Goldman’s short-trades against Greek debt may be nothing more than prudent precaution. It is quite common for banks to take out credit protection--that is, buy short trades--against assets such as loan and swap obligations due to them.

Goldman first put the swap in place in 2001. It immediately sought to hedge its risk to the Greek obligations by making side deals with other parties. In 2005, the entire swap was sold to the National Bank of Greece. But last year, Goldman was back talking to the Greek government about a similar deal that would delay debt obligations.

In some ways, this latest “scandal” must feel like déjà vu for Goldman Sachs. The Greek swap transactions were first reported in risk magazine as far back as 2003. Der Spiegel picked them up recently, the New York Times revisited the story on Sunday, and today Bloomberg has a hold of it.

Join the conversation about this story »

See Also:

• Simon Johnson: Goldman Is About To Be Blacklisted And Possibly Banned In Europe
• Greece Paid Goldman $300 Million To Help It Hide Its Ballooning Debts
• Goldman Sachs Helped Greece Hide Its Treaty-Violating Deficit

Credit card interest rates hit a 12-year high

Credit card interest rates have climbed to a 12-year high, leaving millions facing crippling repayments on their debts.

Despite historically low Bank of England base rates, the average interest charged on a credit card has soared to 18.8 per cent - the highest level since 1998.

Some consumers now paying more than 40 per cent on the cash they have borrowed.

The average interest on credit cards has soared to 18.8 per cent

As a result of recent hikes, the cost of paying on plastic has gone up by more than a quarter in the past four years.

Research by financial product comparison firm Moneyfacts found credit card rates were 14.8 per cent in February 2006.

This means that credit card borrowers with a debt of £5,000 on their card - who make only the minimum repayment each month - will now repay an additional £2,289 over the life of the debt compared with what they would have paid four years ago.

Commenting on the figures, Moneyfacts.co.uk spokesman Michelle Slade said: 'The UK continues to suffer from a high level of unemployment and providers are worried about the increased risk of customers not repaying their debts.

'The increased risk continues to be passed on to both new and existing credit card customers through higher rates.'

She added: 'Other charges such as balance transfer, cash withdrawal and foreign transfer fees also continue to go up, leaving customers paying more across the board.'

The rise in card interest rates comes as another report indicates that one in five adults have three or more cards.

In a survey of 2,000 people by comparison firm moneysupermarket.com, the results indicated that 14 million consumers use credit cards to pay for day-to-day expenses.

Peter Harrison, credit cards expert at moneysupermarket.com, said: 'Holding more than one credit card can be a good idea; if you are using one for balance transfers and one for purchases, and have suitable 0 per cent deals on both.'

But with rates on the up, it means that borrowers could be hit by heavy interest repayments over the coming year - at a time when many are already suffering as a result of the economic conditions.

The Mail revealed before Christmas that Capital One, one of the most popular credit cards in circulation, was increasing rates for many customers.

Its rates soared by as much as 7 percentage points, with some users being charged almost 40 per cent.

As the average credit card interest rate is at its highest since February 2008 - during a time when the base rate is only 0.5 per cent - the banks are reaping vast profits.

The increases make a mockery of Gordon Brown's claims that he would take steps to ensure credit card companies treated customers fairly.

In October, he promised a 'new responsible approach to lending'.

James Daley, of consumer campaigners Which?, criticised the increases.

'It comes at the worst time for consumers who are already suffering from higher unemployment, rising inflation and poor savings rates,' he said.

Phil Hammond, Shadow Chief Secretary to the Treasury, said for 13 years the Prime Minister 'borrowed and spent as if there were no tomorrow - and encouraged householders to do the same'.

He added: 'Now Britain has the highest level of household debt of any major economy.'

Survey: 40 percent in U.S. have no broadband

Many of us take broadband Internet access for granted. But a new government survey paints a different picture of the nation.

In a survey of more than 100,000 people in more than 50,000 households across the U.S., 40 percent reported no broadband or high-speed access to the Internet, while 30 percent said they have no Internet access at all.

Sponsored by the National Telecommunications and Information Administration (NTIA) and conducted by the Census Bureau, the survey found that most of those interviewed said they either don't need broadband or find it too expensive. Some said they have no computer, but many of those in rural areas reported that broadband is simply not available.

(Credit: NTIA)

Released Tuesday, the survey report "Digital Nation: 21st Century America's Progress Toward Universal Broadband Internet Access" (PDF), also revealed that disparities in Internet and broadband access vary by age, income, education, and race.

People with higher rates of broadband access tend to be younger, white or Asian, highly-educated, married, and with higher incomes, while those with no broadband are often seniors or minorities, less educated, and living in non-family households with lower incomes or unemployed.

(Credit: NTIA)

Substantial differences also exist between urban and rural areas. For example, black and Hispanic individuals in urban locations have access to greater bandwidth than those in rural spots, the report notes. The gap between broadband access in rural and urban areas has lessened over the past few years, but still remains wide.

(Credit: NTIA)

The report was compiled from data collected in October of last year through a special Internet Use Supplement, part of the Census Bureau's Current Population Survey. This marked the eighth Internet survey sponsored by the NTIA since the early 1990s. Information was collected from about 54,000 households and 129,000 citizens.

The NTIA said the U.S. Department of Commerce will offer a more detailed analysis of U.S. Internet access later this year as more data becomes available.

The Obama administration has been pushing universal broadband for all U.S. citizens as part of its national agenda. The FCC is due to submit a National Broadband Plan to Congress in March, unless another delay pushes that deadline back even further. But the road to national broadband faces several bumps, not the least of which is how to pay for it.

Dumped! Brand names fight to stay in stores

As retailers adjust to tight-fisted shoppers, many stores are shrinking the number of name-brand products -- including detergents -- on their shelves.By Parija Kavilanz, senior writerFebruary 16, 2010: 1:26 PM ET

NEW YORK (CNNMoney.com) -- Don't be shocked if you can't find your favorite salad dressing or mouthwash on your next trip to Wal-Mart.

Large retailers -- including Wal-Mart (WMT, Fortune 500), the world's biggest -- are wrestling with having too many types of brand-name products. At the same time, shoppers are buying less and looking for bargains.

So unless a particular brand is a top seller in its category, it's getting knocked off the shelf -- and sometimes getting replaced by a cheaper store brand.

For example, Wal-Mart recently removed Glad and Hefty-branded storage bags from shelves, replacing them with its own lower-priced Great Value brand, according to the parent companies of both products.

In the case of Hefty, parent Pactiv Corp. (PTV) told CNNMoney.com that Wal-Mart reversed its decision, and will return its products to shelves this spring -- after Pactiv agreed to make the Great Value bags that will sell alongside the competing Hefty product.

"Hefty was off Wal-Mart's shelves, but we are being brought back," said Matt Gonring, spokesman for Pactiv Corp.

Bill Pecoriello, CEO of market research firm ConsumerEdge Research, expects Wal-Mart and other sellers will trim several name-brands across categories in coming months, or negotiate deals to get better pricing.

According to Pecoriello, those categories at greatest risk of losing brands are everyday-type purchases such as household products, toiletries and food staples.

These are also categories in which retailers have aggressively pushed their own house brands.

"If you consider the economics of this, if Wal-Mart can build customer loyalty for its own brand, which is also cheaper-priced and cheaper to stock than name-brands, then it will," he said.

Heavyweight

Moves such as this are significant given Wal-Mart's heavyweight status in the retail industry.

"Any change that Wal-Mart makes with its product assortment has enormous implications for the entire industry," said Ali Dibadj, senior analyst with Sanford C. Bernstein & Co.

Wal-Mart declined comment for this story.

Wal-Mart is not the only one doing this, according to Dibadj. He says leading drug store chains, including CVS and Walgreens, grocers such as Kroger (KR, Fortune 500), and Wal-Mart's rival discounter, Target (TGT, Fortune 500), are also looking to simplify their store shelves.

In good economic times, product variety is a must for retailers. But in down times, when shoppers aren't buying much, variety can be a burden.

"Wal-Mart's a little fed up," said Lora Cecera, retail expert and partner at strategy consulting firm Altimeter Group. "I think the feeling is that as these companies keep extending their [product] lines, it's only causing confusion for shoppers and not really driving them to buy more products."

As a consumer, she asked, "Do I really need to decide between 15 different types of toothpaste when I go to a store?"

Dawn Willoughby, vice president-general manager of Glad brand for the Clorox Co. (CLX, Fortune 500), agreed.

"On an industry level, we've been talking about simplifying product assortment for a long time," said Willoughby. "If you walk into a Wal-Mart or another large retail chain, there are so many products on shelves that it does make it harder to shop."

Let's make a deal

Besides cutting clutter, industry experts say Wal-Mart and other retailers are looking for more lucrative deals from suppliers on both prices and advertising.

In one recent example, according to published reports, Wal-Mart removed Arm & Hammer liquid laundry detergent from most of its stores. But the discounter brought back the product after Arm & Hammer boosted its advertising for the product at Wal-Mart.

Arm & Hammer parent Church & Dwight (CHD) did not return calls for comment. Other consumer product makers -- including Colgate-Palmolive and Procter & Gamble -- either declined comment or did not return calls.

Said Dibadj, "Perhaps one consideration in which product to cut is based on which company gives [Wal-Mart] the best deal."

Citing the Hefty example, he said "these threats can become quite aggressive, such as delisting and subsequent relisting after a compromise.

Altimeter Group's Cecera believes consumers stand to win from the retailers' moves.

"In this recession, consumers have certainly become less discriminating with what they buy," said Cecera. "Consumers have rushed to value prices, and they are buying generic brands."

She said retailers' own brands have grown their market share by between 2% to 6%.

This newfound affection for store brands is "sticking," said Dibadj. He cites his firm's recent survey finding that 77% of consumers who traded down to less expensive private label products are happy with their decision.

The Thirteenth Tribe

THE KHAZAR EMPIRE AND ITS HERITAGE

This book traces the history of the ancient Khazar Empire, a major but almost forgotten power in Eastern Europe, which in the Dark Ages became converted to Judaism. Khazaria was finally wiped out by the forces of Genghis Khan, but evidence indicates that the Khazarsthemselves migrated to Poland and formed the cradle of Western Jewry. . .

The Khazars' sway extended from the Black Sea to the Caspian, from the Caucasus to the Volga, and they were instrumental in stopping the Muslim onslaught against Byzantium, the eastern jaw of the gigantic pincer movement that in the West swept across northern Africa and into Spain.

In the second part of this book, "The Heritage," Mr. Koestler speculates about the ultimate faith of the Khazars and their impact on the racial composition and social heritage of modern Jewry. He produces a large body of meticulously detailed research in support of a theory that sounds all the more convincing for the restraint with which it is advanced. Yet should this theory be confirmed, the term "anti-Semitism" would become void of meaning, since, as Mr. Koestler writes, it is based "on a misapprehension shared by both the killers and their victims. The story of the Khazar Empire, as it slowly emerges from the past, begins to look like the most cruel hoax which history has ever perpetrated."

ISBN 0-394-40284-7

http://www.christusrex.org/www2/koestler/

Where do the Ashkenazi Jews come from?

The Thirteenth Tribe

The Khazar Empire and its Heritage

By Arthur Koestler

This book traces the history of the ancient Khazar Empire, a major but almost forgotten power in Eastern Europe, which in A.D. 740 converted to Judaism. Khazaria, a conglomerate of Aryan Turkic tribes, was finally wiped out by the forces of Genghis Han, but evidence indicates that the Khazars themselves migrated to Poland and formed the craddle of Western (Ashkenazim) Jewry...

The Khazars' sway extended from the Black sea to the Caspian, from the Caucasus to the Volga, and they were instrumental in stopping the Muslim onslaught against Byzantium, the eastern jaw of the gigantic pincer movement that in the West swept across northern Africa and into Spain.

Thereafter the Khazars found themselves in a precarious position between the two major world powers: the Eastern Roman Empire in Byzantium and the triumphant followers of Mohammed. As Arthur Koestler points out, the Khazars were the Third World of their day, and they chose a surprising method of resisting both the Western pressure to become Christian and the Eastern to adopt Islam. Rejecting both, they converted to Judaism.

The second part of Mr. Koestler's book deals with the Khazar migration to Polish and Lithuanian territories, caused by the Mongol onslaught, and their impact on the racial composition and social heritage of modern Jewry. He produces a large body of meticulously detailed research in support of a theory that sounds all the more convincing for the restraint with which it is advanced.

Mr. Koestler concludes: "The evidence presented in the previous chapters adds up to a strong case in favour of those modern historians - whether Austrian, Israeli or Polish - who, independently from each other, have argued that the bulk of modern Jewry is not of Palestinian, but of Caucasian origin. The mainstream of Jewish migrations did not flow from the Mediterranean across France and Germany to the east and then back again. The stream moved in a consistently westerly direction, from the Caucasus through the Ukraine into Poland and thence into Central Europe. When that unprecedented mass settlement in Poland came into being, there were simply not enough Jews around in the west to account for it, while in the east a whole nation was on the move to new frontiers" ( page 179,page 180).

"The Jews of our times fall into two main divisions: Sephardim and Ashkenazim.

The Sephardim are descendants of the Jews who since antiquity had lived in Spain (in Hebrew Sepharad) until they were expelled at the end of the fifteenth century and settled in the countries bordering the Mediterranean, the Balkans, and to a lesser extent in Western Europe. They spoke a Spanish-Hebrew dialect, Ladino, and preserved their own traditions and religious rites. In the 1960s, the number of Sephardim was estimated at 500,000.

The Ashkenazim, at the same period, numbered about eleven million. Thus, in common parlance, Jew is practically synonymous with Ashkenazi Jew." ( page 181).

In Mr. Koestler's own words, "The story of the Khazar Empire, as it slowly emerges from the past, begins to look like the most cruel hoax which history has ever perpetrated."

The history of the Ashkenazi Jews was widely known and appreciated in the former Soviet Union. Ashkenazi militants traced the area where the Turkic Khazars originated before their migration to Southern Russia to Birobidjan, an Eastern Siberian area as big as Switzerland bordered by the Amur river, by China and Mongolia. Around 1928 they started building settlements with the Soviet government's help and in 1934 the Autonomous Republic (Okrug) of Birobidjan Yevrei came into being with official languages of Yiddish and Russian. It is still there as an Autonomous Republic to this day, offering the only historically legitimate settlement area for Ashkenazi Jews willing to exercise their "right to return"...

Mr. Koestler was an Ashkenazi Jew and took pride in his Khazar ancestry. He was also a very talented and successful writer who published over 25 novels and essays. His most successful book, Darkness at Noon, was translated in thirty-three languages.

As expected, The Thirteenth Tribe caused a stir when published in 1976, since it demolishes ancient racial and ethnic dogmas...At the height of the controversy in 1983, the lifeless bodies of Arthur Koestler and his wife were found in their London home. Despite significant inconsistencies, the police ruled their death a suicide...Another Mossad "suicide"!

---

Map of the Khazar Empire

The Lord's Prayer in the Khazar language

PART ONE: RISE AND FALL OF THE KHAZARS

I - RISE

II - CONVERSION

III - DECLINE

IV - FALL

PART II - THE HERITAGE

V - EXODUS

VI - WHERE FROM ?

VII - CROSS-CURRENTS

VIII - RACE AND MYTH

---

APPENDICES

APPENDIX I - A NOTE ON SPELLING

APPENDIX II - A NOTE ON SOURCES

APPENDIX III - THE "KHAZAR CORRESPONDENCE"

APPENDIX IV - SOME IMPLICATIONS - ISRAEL AND THE DIASPORA

REFERENCES

SELECTED BIBLIOGRAPHY

INDEX

http://www.biblebelievers.org.au/13trindx.htm

THE KHAZAR EMPIRE AND ITS HERITAGE

Rise and Fall of the Khazars
I RISE
II CONVERSION
III DECLINE
EARLY RUSSIAN CULTURE BELITTLED

SOVIET HISTORIAN REBUKED

IV FALL
V EXODUS

VI WHERE FROM?
VII CROSS-CURRENTS
VIII RACE AND MYTH
SUMMARY
A NOTE ON SPELLING

A NOTE ON SOURCES

(A) ANCIENT SOURCES
(B) MODERN LITERATURE
THE "KHAZAR CORRESPONDENCE"
SOME IMPLICATIONS - ISRAEL AND THE DIASPORA
SELECTED BIBLIOGRAPHY

-oOo-

What the Critics have to say

** Finally Available To ALL - Absolute Historical Proof that Jews are not Israelites.

** Research Proves "Jews" are non-Israelite Asiatics.

** DATELINE U.S.A. (1977) -- In 1976 Random House published a book that should have hit the Christian Churches like a blockbuster, but instead they chose totally to ignore it. It dealt with the racial origin of the people in Communist and Christian countries who call themselves "Jews," and whom the Churches (and the Jews themselves) generally insist are "God's Chosen People," the Israelite descendants of Abraham. Since the late 1800's a small number of Bible Scholars, who were also students of History and Racial origins, have insisted the Church denominations were wrong; that instead of being Israelites, these Jews from Eastern Europe and Western Asia were descended from Mongolians and other Asiatic peoples who had adopted Judaism as their "religion" over 1,000 years ago and had become know as "Jews." These Bible scholars were ignored or condemned, and often called "cultists" or "anti-Semites."

** Now, after many years of research, a well-known Jewish author, Arthur Koestler has published a 255 page book titled THE THIRTEENTH TRIBE in which he proves the same point; i.e. that these Eastern European "Jews" are neither Israelites nor "Semites," but are insteadKhazars, Mongols, and Huns! Most major newspapers and magazines reviewed the book during 1976. Also, Random House, the publisher, advertised it extensively and began some of their ads with the following headline: WHAT IF MOST JEWS AREN'T REALLY SEMITES AT ALL? In addition, Random House quoted the following reviews:

** "Mr. Koestler's excellent book...Is as readable as it is thought-provoking. Nothing could be more stimulating than the skill, elegance and erudition with which he marshals his facts and develops his theories..." Fitzroy Maclean, New York Times Book Review.

** "You do not have to be Jewish to be interested... Are today's Western Jews really ethnic, Semitic, Biblical Jews, or are most of them descendants of converted Khazars?...This compact, interesting book...examines tragic-ironic implications in [this question] for modern history...It should fascinate." --Edmund Fuller, Wall Street Journal

** "Koestler marshals the evidence in a clear and convincing way. He tells a good story, pulling together materials from medieval Muslims and Jewish travelers, scholarly controversy and the mysterious lore of the Khazars." --Raymond Sokolov, Newsweek

** Robert Kirsch of the Los Angeles Times stated in his lengthy review that 'Arthur Koestler publicizes with his customary skills a daring hypothesis: that THE KHAZAR JEWS MIGRATED TO POLAND AND BECAME THE FOREBEARS OF EASTERN EUROPEAN JEWRY...' Then Kirsch quoted Prof. A. N. Poliak of Tel Aviv University, who stated that "The large majority of world Jewry is descended from the Jews of Khazaria." Then he again quoted Koestler in THE THIRTEENTH TRIBE, "If so, this would mean that their ancestors came not from the Jordan but from the Volga; not from Canaan but from the Caucasus, once believed to be the cradle of the Aryan race; and that GENETICALLY THEY ARE MORE RELATED TO THE HUN, UIGUR, AND MAGYAR TRIBES THAN TO THE SEED OF ABRAHAM, ISAAC, AND JACOB..." (emphasis added)

We cannot stress enough how absolutely imperative it is for all Christian Americans to consider the startling proof in Arthur Koestler's book that today's Jews are not Israelites. The Jewish influence on American life has reached such a stage that no student of contemporary history can ignore it. Not only the news media are Jewish monopolies, but top positions in the U.S. government are largely filled by Eastern European Jews. The magazine and book publishing houses are in Jewish hands; and movies, television, and the other entertainment industries are dominated by Jews in all phases. America's government and most of her people's sources of information are controlled and directed by Jews. If these people were really "God's Chosen People," perhaps Americans would have little cause for concern -- BUT WHAT IF THEY ARE REALLY THE "HUNS" AND THEREFORE THE ANCIENT ENEMIES OF CHRISTENDOM? Since many Americans may not have an opportunity to read Koestler's book, we shall herewith submit our own index-style review.

THE THIRTEENTH TRIBE
By Arthur Koestler

Random House

Reviewed by Pastor Sheldon Emry

Page

Information

15

Khazars adopt Judaism as their religion in A.D. 740.

16

Majority of Eastern European Jews are Khazar and Japhetic in origin, not Semitic. Refers to 1973 Jewish Encyclopedia and A. N. Poliak, Professor, Medieval Jewish History, Tel Aviv University.

17

Jews more closely related to Hun, Uigur, and Magyrs than to the seed of Abraham Isaac and Jacob.

18

Khazars exacted tribute from subject peoples.

20

Identified them with the hosts of Gog and Magog.

22

German word Ketzer is our word for Khazar and means heretic or Jew.

23

Khazars were with Attila the Hun in 4th century.

37-39

Some were phallic worshipers, killed anyone thought to be extra intelligent and called it an offering to god.

46

Quotes 1,000-year-old Arab historian, "The Khazars and their King are all Jews...some are of the opinion that Gog and Magog are theKhazars."

47-50

Khazars were re-exporters of foreign goods, middlemen, inspectors of trade, goldsmiths, and silversmiths; and they exacted 10% tax on all trade.

59-63

Jews fled Rome and Greece to Khazaria to avoid forced conversion to Christianity. They adopted Islam when forced, repudiating it when safe.

72

Khazar King, in a letter, traced his people in Togarma and Japheth, the ancestors of all the Turkish tribes.

81

In A.D. 864 a monk wrote "there exists a people under the sky in regions where no Christians can be found, whose name is Gog and Magog, and who are Huns; among them is one called Gazari [Khazari?], who are circumcised and observe Judaism in its entirety."

93

Russian communists tried to hide Khazar-Jewish connection!

95-132

History of breaking up of Khazar Empire and integration of these Jews into Russia, Poland, etc.

135

Khazar kingdom known as a kingdom of "Red" Jews.

141

Khazars joined Ghengis Khan and retained their Judaism.

145

Interchangeable names --Khazar, Zhid (or Yid), and Jew

151

Majority of Jews in Middle Ages were Khazars.

152-154

Jews were mintmasters, royal treasurers, tax collectors, and money lenders. Principal source of income was foreign trade and the levying of customs dues and they practiced communal life.

159-161

They lost the name of Khazars and became known as Jews. During Dark Ages commerce largely in Jewish hands, including slave trade.

163-167

During Crusades whole families and towns of Jews committed suicide rather than accept Christianity.

167-171

Proves only a handful of Sephardim Jews were in Europe so the vast majority of Jews today are Khazar in origin.

172-174

Gives origin of Yiddish language. It is NOT Hebrew!

178

"The Jewish dark ages may be said to begin with the Renaissance." (Reviews comment: This remark by the Jew Cecil Roth, coupled with other information, is a sorrowful admission that the Jews were supreme in the Dark Ages but lost their dominion over Europe when the Light of God's Word brought about the Renaissance!)

180-199

Quotes from many sources to prove Jews NOT descended from Biblical Israelites, ending with this, ...evidence from anthropology concurs with history in refuting the popular belief in a Jewish race descended from the biblical tribe.

200-222

Refers to others who have written on the same subject.

223

Israeli's right to exist...not based on...the mythological covenant of Abraham with God; it is based on international law -- i.e., on the United Nations' decision of 1947. . .

224-226

Koestler ends his book by saying he believes many Jews have learned of their Khazar ancestry and now reject the Chosen-Race doctrine.

THE THIRTEENTH TRIBE proves beyond doubt that modern Jews are not Biblical Israelites. Every church member in America should insist that his Pastor investigate these claims. Are our Jewish politicians, publishers, movie makers, and opinion molders God's "Chosen People"? Or are they Mongol and Hun infiltrators of Christendom?

Is The Jews' "Chosen People" Masquerade Finally Over?

Shortly after World War I, Henry Ford, founder of the Ford Motor Company, assembled a staff of experts in Detroit to conduct research on the European Jews who had been entering America in large numbers since the 1880's. Ford provided the staff with several million dollars for this research, and in 1923 he published the results in a four-volume work titled "THE INTERNATIONAL JEW." It was Henry Ford's conclusion that very few of these people who called themselves "Jews" were descendants of the Bible Israelites. Ford further proved that these Jews, using all sorts of crimes while under the cloak of being the Chosen People of the Bible, were rapidly taking economic and political control of America. In the religious field, Ford claimed THE JEWS HAD SECRETLY GAINED CONTROL OF MOST PROTESTANT SEMINARIES AND CHRISTIAN BOOK- PUBLISHING HOUSES and had been able to remove almost all criticism of Jews from Christian literature.

In summing up his findings, Henry Ford stated, "The Jews are not the Chosen People, though practically the entire Church has succumbed to the propaganda which declares them to be so." Ford's book caused a furor for a few years but soon disappeared from colleges, universities, and public libraries and became unobtainable at any price. The Churches continued to teach "The Jews are God's Chosen People, Israel," and the (by then) Jewish-dominated news media began to refer to Jews always as Israelites. Anyone opposing the increasing Jewish control of the nations was immediately branded "anti-Semitic;" and Jewish dominated Seminaries taught new ministers to quote Genesis 12:1-3 and sternly warn their flocks that anyone speaking unfavorably of the Jews would be "cursed by God." Jewish control of American society, politics, and religions continued to increase.

In 1951 retired U.S. Military Intelligence Officer, Col. John Beaty, published a scholarly 265-page book IRON CURTAIN OVER AMERICA. In it Col. Beaty gave overwhelming evidence this strange Race of Eastern European "Jews" were actually Khazar and Mongol Asiatics and had no racial ancestory in Israel at all.

He then proved that by 1951 these "Jews" had a stranglehold on American politics, on Banking and Credit, on all sources of news, on the entertainment industry, on America's education system, and that they were the predominant race as judges, lawyers, doctors, and in organized crime. The Jewish news media refused to review the book, Jewish book dealers refused to handle it, Christian book stores ignored it, and only a few thousand copies were distributed. Most Americans never heard of IRON CURTAIN OVER AMERICA. Now, because of renewed interest, both THE INTERNATIONAL JEW (in an abridged edition) and IRON CURTAIN OVER AMERICA have been reprinted and are available. (See ordering information below).

The latest, and perhaps the most succinct book on this subject, is ISRAEL'S $5 TRILLION DOLLAR SECRET by Col. Curtis B. Dall, former son-in-law of Franklin Delano Roosevelt, and a personal acquaintance of many high officials in the U.S. Govern ment since the 1930's. Col. Dall lives and works in the Washington, D. C. area, and his book, published in 1977. Col. Dall proves again, from reliable sources, that the Jews are NOT Israelites. In fact, Col. Dall calls their masquerade as "Israel" the greatest "hoax" of the last centuries! It should be read by every non-Jew.

You now know their false identity as "Israel" protects these "Jews" from being exposed as aliens and as anti-Americans. Read the books below. Give this sheet to your Minister. Tell him to preach the truth - or resign! Most preaching today is based on the "Jew-Israel" myth, and it is false.

"Fear them not therefore; for there is nothing covered that shall not be revealed: and hid, that shall not be known. What I tell you in darkness, that speak ye in light: and what ye hear in the ear, that preach ye on the housetops" (Jesus, in Matthew 10:26,27). 13trindx.htm

China cuts holdings of U.S. Treasuries

WASHINGTON - The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.

The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.

The Treasury Department reported that foreign holdings of U.S. Treasury securities fell by $53 billion in December, surpassing the previous record of a $44.5 billion drop in April 2009.

The big drop in China's holdings meant that it lost the top spot in terms of foreign ownership of U.S. Treasuries, dropping to second place behind Japan.

Japan increased its holdings of U.S. Treasuries, boosting them by $11.5 billion to $768.8 billion in December. That amount was higher than China's December total of $755.4 billion, putting Japan back in the top spot in terms of foreign ownership of Treasury securities, a position it had lost in the fall of 2008 when China surpassed Japan.

The $53 billion decline in holdings of Treasury securities came primarily from a drop in official government holdings, which fell by $52.3 billion. The holdings of foreign private investors fell by $700 million during the month of December.

For all of 2009, foreign holdings of U.S. Treasuries dipped by $500 million. In 2008, foreigners had increased their holdings of U.S. Treasuries by $456 billion as a global financial crisis triggered a flight to the safety of U.S. government debt.

That flight to safety had driven down the interest rates that the government was having to pay on its debt to record lows with rates on some short-term securities dipping into negative territory for brief periods.

The Obama administration on Feb. 1 released a new budget plan which projects that the deficit for this year will total a record $1.56 trillion, surpassing last year's record of $1.4 trillion deficit. The trillion-dollar-plus deficit have been caused by a deep recession, which has reduced government tax receipts, and the massive spending that has been undertaken to jump-start the economy and stabilize the financial system.

The administration has pledged to begin addressing the huge government deficits with Obama saying he will soon appoint a commission to recommend ways to trim future deficits.

Overall, the Treasury Department said that foreign net purchases of long-term securities totaled $63.3 billion in December, down from $126.4 billion in November. This category covers Treasury securities and private company bonds.

China's holdings are a result of the huge trade deficits the United States runs with China. The Chinese take the dollars Americans pay for Chinese products and invest them in Treasury securities and other dollar-denominated assets.

American manufacturers argue that China's huge dollar reserve reflect a strategy by the Chinese government to keep its currency artificially low against the dollar as a way to boost Chinese exports and dampen demand in China for American products.

It wasn't Muslims who trained their cameras on the WTC prior to the first aircraft impact

"What you readin' for?

More [redacted] reads

It wasn't Muslims who trained their cameras on the WTC prior to the first aircraft impact

posted by [Redacted] on Tuesday, February 16, 2010

http://careandwashingofthebrain.blogspot.com/2010/02/with-all-chatter-out-there-from.html

Those Darned Muslims!
With all the 'chatter' out there, from America's so-called intelligence community, to Zionist shills on FOX and CNN, to Israeli war mongers like their CRIME MINISTER Bennie Nuttyahoo warning of another 'al CIA duh' attack, it might be time to look back at some facts.

The next terrorist attack against the USA will be courtesy of the same ruthless mob of liars, thieves, murderers and con artists that pulled off 9/11.

MISSING LINKS Website Includes Links To This Video

It wasn't Muslims who trained their cameras on the World Trade Center Towers prior to the first aircraft impact, who danced and celebrated with high fives <http://911research.wtc7.net/cache/sept11/herald_spies.html> prior to the second impact as most onlookers still believed it had been a terrible accident rather than terrorism, and who were caught with foreign passports, $4,700 in cash hidden in a sock, maps highlighting certain places in the city, and a van that tested positive for traces of explosives; it was Israelis Sivan Kurzberg, Paul Kurzberg, Yaron Shmuel, Oded Ellner, and Omer Marmari, several of whom have been confirmed as Mossad agents, as part of their job in "documenting the event".

It wasn't Muslims who were caught on 9/11/01 operating in teams with vans full of explosives, including one team who attempted to blow up the George Washington Bridge with a truck packed with tons of explosives, and another who blew up a van between 6th and 7th on King Street with a mural painted of a remote controlled airplane diving into New York and blowing up; it was Israelis, which is why the authorities did their best to ignore and bury these reports which included a suspected van bomb driven into the WTC basement and exploded to weaken the structure.

It wasn't Muslims who were caught shortly after midnight on May 7, 2002 very close to the Whidbey Island Naval Air Station, Oak Harbor, Wash., (where the Navy conducts explosive ordnance training for bomb disposal mobile units to the consternation of local marine life) with a rental truck that tested positive for TNT and RDX plastic explosives; it was Israelis whose cover story was of "delivering furniture" but regarded by authorities as dubious because of the early morning hour, and the authorities' subsequent claim that the dog's reaction and initial tests for explosives were wrong is so full of holes that it merely demonstrates the power of the Israeli lobby.

It wasn't Muslims who provided two hours' advance warning of an attack on the World Trade Center via an instant messaging company based in Herzliya; it was Israelis.

It wasn't a Muslim who fled the US on September 14, 2001; it was Dominick Suter of "Urban Moving Systems" who fled to Israel.

It isn't Muslim countries that have a massive spy ring in the USA capable of tapping into much of the telecoms network and using information obtained to blackmail Americans; it is Israel.

It wasn't Muslims who received advance warning on Monday September 10, 2001, against flying the next day; it was San Francisco Mayor Willie Brown, and a group of top Pentagon officials.

It wasn't Muslims who acquired a 99-year lease on the World Trade Center's Twin Towers, Buildings Four and Five and approximately 400,000 square feet of retail space, and insured for billions of dollars against terror attacks a mere six weeks before terror attacks did in fact occur, and then employed (to press for the insurance claim) a 'structural engineer' who misleadingly asserts that steel loses half its strength at "400 degrees"; it was - in a deal negotiated by Lewis Eisenberg of the Port Authority - Benjamin Netanyahu's (and Ariel Sharon's and Ehud Barak's) friend Larry Silverstein and his partner Australian billionaire and "Holocaust survivor" Frank Lowy who fought "in the Jewish underground", was embroiled in a high-level bank corruption scandal with Israeli Premier Ehud Olmert and found to be making payments to Lord (Michael Abraham) Levy who was arrested several times in relation to a "cash for honors" scandal, Levy being a "tennis partner" and advisor of Tony Blair.

It wasn't a Muslim who went on TV within hours of the attacks to tell everyone that "It... certainly has the fingerprints of somebody like bin Laden" and the World Trade Center had collapsed because of "the velocity of the plane" and "intense heat probably weakened the structure as well", and who reportedly on that very day advised the White House to take Cipro, an effective antibiotic against anthrax, seven days before the commencement of an anthrax letters terror campaign targeted at Democratic U.S. Senators and news media offices, who on 9/11/01 was a managing director of the crisis and consequence management group at Kroll Associates, who was an advisor to the Council of Foreign Relations (CFR) regarding "epidemiological surveillance" and national security advisor at the National Institute of Health (NIH), and who gave his 'friend' John O'Neill a job as Head Of Security at the World Trade Center; it was Jerome Hauer.

Note: FBI Special Agent John O'Neill had been in Yemen, investigating the USS Cole attack. When he developed leads that pointed to Israeli involvement in the Cole attack, US Ambassador to Yemen Barbara Bodine tried to have O'Neill's security detail yanked. When that didn't work, she appealed to 'Bloody Maddy' Albright, then Sec'y of State for help. O'Neill was pulled off the case and sent back home, finally retiring in disgust at the FBI's handling of his investigation in Yemen. O'Neill was working on 9/11 at the WTC and was killed.. Nice way of tying up loose ends.

It wasn't Muslims who were caught and arrested inside the Mexican Congress chamber on October 10, 2001 in possession of guns, grenades, dynamite, detonators and wiring while posing as "press photographers"; it was Mossad agent Salvador Guersson Smecke and Israeli illegal immigrant Saur Ben Zvi at the very time that Zionists would obtain maximum benefit from a false-flag terror attack that would mobilize support for the war on "Muslim terrorists" in Afghanistan that had been launched only three days previously.

It wasn't Muslims who profited by speculating on airline and insurance stocks in advance of 9/11; it was Israelis.

The Zionist Elephant In The Room

BUT SEE IT AND YOU'RE 'RACIST'

Hello all ...

The political creed of Zionism has big ears and a long trunk and I think it's time that was pointed out. It also stampedes through our lives at every level and that needs to be said, too.

It has created a pincer-movement on the human mind by hijacking staggering amounts of political, corporate, banking and media power on one side and by using the fear of being called 'anti-Semitic' if you dare to state the bloody obvious.

They have been able to do this by equating in public perception that Zionism = Jewish people. It does not. Zionism is a political creed introduced by the House of Rothschild to advance the goals of the Illuminati families that are largely controlled by the Rothschilds.

When people think of Zionism they think of Jewish people. When they think of Israel they think of Jewish people. That's understandable given the propaganda, but it is seriously misleading and those instant connections need to be broken if we are going to understand what's going on here.

Zionism means Rothschild just as Israel means Rothschild. When we see the extraordinary number of Zionists in key positions around the world we are looking not at 'manipulating Jews', but manipulating Zionists representing the interests and demands of the Rothschilds.


Significant numbers of Jewish people are not Zionists and oppose that appalling creed while many Zionists are not Jewish. These include the Christian Zionists and Obama's vice-president, Joe Biden, who told Israeli television 'I'm a Zionist'. Here's the clip if you can stand it ... If, as Biden rightly says, you don't have to be a Jew to be a Zionist, how can it be a racial rather than a political movement? It can't. It's just made to appear like that to manipulate public perception because opposing Zionism then becomes opposing Jewish people as a whole and the 'you're a racist' card can be played over and over.

Far from protecting and advancing the interests of the mass of Jewish people it has often been devastating for them and caused millions to be labelled unfairly by the actions of the Zionist elite. On the Jews Against Zionism website one feature highlights how Rothschild Zionism targeted Jews who had lived for generations in Palestine side-by-side with Arabs in peace and harmony:

'The religious Jews who by virtue of their faith, clearly contradicted Zionist nationalism, and who had lived peacefully with their Arab neighbors for generations, became unwillingly identified with the Zionist cause and their struggle with the Arabs.

They requested the United Nations that Jerusalem be designated as a defacto international city. They appealed to the diplomatic corps assigned to Jerusalem -- but to no avail. They were hence confronted with the choice of either becoming a part of the Zionist State, which diametrically opposed the interests of Jews as a religion, or abandoning the land of which their forefathers were the first Jewish settlers.

Let's get this straight. Zionism doesn't give a damn about Jewish people. To the Rothschilds and their Zionist gofers and thugs the Jewish people as a whole are merely cattle to be used and abused as necessary - just like the rest of the human population.

The networks of the House of Rothschild were behind Hitler and the rise of the Nazi Party in the Rothschild heartland of Germany where they had changed their name from Bauer in 18th century Frankfurt and launched the dynasty that was to control global finance.

After the war the Rothschilds used public sympathy for Jewish people targeted by the Nazis to press for a homeland in Palestine. This was the alleged reason for the founding of Zionism, but that is only part of it.


As I show in my books, the campaign to impose a Rothschild fiefdom in Palestine goes back at least to the earlier part of the 19th century and probably long before. It was given a massive boost with the Balfour Declaration in 1917 when the British Foreign Secretary Arthur Balfour declared in a letter his government's support for a Jewish homeland in Palestine.

This letter was sent by Balfour, an inner-circle member of an elite secret society called the Round Table, to Baron (Walter) Rothschild who funded the Round Table.

Today, Rothschild Illuminati fronts like the Council on Foreign Relations, Trilateral Commission, Bilderberg Group, Royal Institute of International Affairs, and others, still answer to the Round Table which string-pulls and coordinates from the shadows. This is why Zionists in government are invariably connected with these Rothschild-controlled organisations.

The Rothschilds funded the early settlers from Europe to relocate in post-war Palestine and they also funded and armed the terrorist groups, like Irgun, which bombed and terrorised Israel into existence in 1948, a campaign which forced 800,000 Palestinians to leave the land of their birth.

Israel is simply the State of Rothschild and how appropriate that they paid for the construction of the Israeli parliament building, the Knesset, and the Israel Supreme Court. The name Rothschild means Red-shield and it originates with the red shield 'Star of David' symbol (not a Jewish symbol before the Rothschilds) which they displayed on their house in Frankfurt ...


The very flag of Israel tells you who owns it. There are many reasons why the Rothschilds and their allies wanted to hijack Palestine and one was to keep the Middle East in a state of disruption and turmoil from which a global war can eventually be triggered to usher in the New World Order of world government dictatorship.

The creation of Israel is a means not an end and the Rothschilds will be quite happy to leave the Jewish population to their fate if it suits them. After all, they've done it before.

The world's second biggest Zionist population is in the United States and given that both America and Israel are controlled by the Rothschild networks it is not hard to fathom why that slither of land in the Middle East receives around a third of all US overseas aid.

An average $3 billion a year is handed to the State of Rothschild as a result of decisions made by American administrations that are always, 'Republican' or 'Democrat', controlled by the Rothschilds. One hand of the network hands over the cash to another.

This explains why the United States never talks about the arsenal of nuclear weapons stockpiled by one of the world's most trigger-happy states. Israel refuses to discuss them and the American policy, recently reconfirmed by Obama, is never to ask or bring up the subject.

The last two US administrations are testament to the extent of Zionist (Rothschild) control of America and thus its foreign policy, not least with regard to Iraq, the former land of Sumer and Babylon, which according to some just happens to be part of the 'Greater Israel' that the Zionists seek to secure.

The 'Bush' government was the glove-puppet of the so-called neo-cons, or neoconservatives, whose only political philosophy in truth was the interests of Zionism. At the heart of the Rothschild-controlled neocon cabal were Richard Perle (Zionist), Paul Wolfowitz (Zionist), Dov Zakheim (Zionist), Douglas Feith (Zionist), John Bolton (Zionist), Lewis Libby (Zionist), the list goes on and on. These were the people who orchestrated the invasions of Afghanistan and Iraq on behalf of the Rothschilds.

Economic policy was dictated through the years of Reagan-Bush, Father Bush, Clinton and most of Boy Bush by Alan Greenspan (Zionist), chairman of the privately-owned US 'central bank', the Federal Reserve. Privately owned, that is, by the Rothschilds through a network of front people and organisations.

Greenspan introduced the policies of deregulation that culminated, as designed, in the free-for-all frenzy of greed by banks and financial markets in general that led to the crash in the last weeks of the Bush presidency. Greenspan resigned from the Fed before the consequences of his long-term game-plan exploded in lost homes, jobs and savings. He was replaced by Bernard Bernanke (Zionist).

Greenspan was enthusiastically supported in his deregulation through successive administrations by Treasury Secretaries in the Clinton years, Robert E. Rubin (Zionist) and Larry Summers (Zionist), and also by the President of the Federal Reserve Bank of New York, the most powerful in the Fed cabal, Timothy Geithner (Zionist).

When Mr. Fake Change won the presidency amid the gathering financial crisis, caused by all of the above, and others, he appointed Geithner as his Treasury Secretary and Summers as head of the White House Economic Council. Both are protégés of Robert Rubin who resigned from Citigroup earlier this year for his role in 'advising' it to the brink of collapse.

Obama's Budget Director is Peter Orszag (Zionist) who headed the company that advised the Icelandic Central Bank in the prelude to the crash of Iceland's financial system. This has led to Iceland being fast-tracked into the Rothschild-created European Union to 'save' its economy. Orszag also advised the Russian Treasury when state-owned assets and resources were handed to Zionist oligarchs, including Roman Abramovich who is famous in the UK as the owner of Chelsea Football Club.

Add to all this the fact that the World Bank is headed by Robert Zoellick (Zionist), who replaced Paul Wolfowitz (Zionist), and that the International Monetary Fund, or IMF, is run by Dominique Strauss-Kahn (Zionist).

Anyone still doubt that the Rothschild network controls global finance and therefore the lives and choices of virtually every man, woman and child on the planet?

The Rothschilds are at the heart of the Obama White House in the form of Chief of Staff Rahm Emanuel (Zionist) and Chief White House Advisor David Axelrod (Zionist). Emanuel has served in the Israeli army and his father was an operative with the Rothschild terrorist group, Irgun, as it bombed Israel into being. This included the bombing of the King David Hotel in Jerusalem in 1946 that killed 91 people.


Rahm Emanuel also worked closely Robert E. Rubin (Zionist) during the Clinton years to impose NAFTA, the North American Free Trade Agreement, which was designed from the start to be a stepping-stone to a North American, and eventually an American Union, along the lines of the EU. The Zionist world is very small indeed.

David Axelrod ran Obama's election campaigns and now oversees his every word slavishly read from his teleprompter screens. There is little that Obama says that his Zionist handlers don't tell him or give him to say.

They have also ensured that US policy for Iran and the Persian Gulf is headed by Dennis Ross (Zionist) who has served Israeli interests in successive American administrations. There will not be a cigarette paper behind the scenes between him and that trio of tyranny, Netanyahu, Lieberman, Barak, the prime minister, foreign minister and defence minister of Israel. Rothschild stooges, in other words.

Zionist Mandelson works for the pyramid

The most influential figure by far in the current British government is Peter Mandelson (Zionist) who continues to amass more titles and powers from the beleaguered Prime Minister Gordon Brown. Mandelson is an insider operative for the Rothschilds and has frequently accepted hospitality from his close friend and associate, Nathaniel Rothschild. This week Mandelson called for the UK to join the (Rothschild) single European currency.

Meanwhile, the hapless and hopeless Gordon Brown did as he was told and appointed Ivan Lewis (Zionist) to be minister of state with responsibility for, wait for it ... British policy on the Middle East. Lewis, vice-chair of the Labour Friends of Israel, was an outspoken supporter of Israel's slaughter of the innocent in Gaza this year. Lewis said of his new job:

'My responsibility for the Middle East peace process is particularly poignant. I have never hidden my pride at being Jewish or my support for the State of Israel.'

What chance do the Palestinians have of fairness and justice? None.

In France, as I mentioned last week, President Sarkozy (Zionist) is a long-time asset of Mossad, the Rothschild enforcement agency masquerading as the intelligence agency of Israel. Mossad has been implicated in terror attacks and other horrors all over the world because it represents the Rothschild global agenda and not the people of Israel.


Look also at the Zionist (Rothschild) control of the entertainment and media industry in the form of people like Fox News President Peter Chernin (Zionist); Paramount Pictures Chairman Brad Grey (Zionist); Walt Disney CEO Robert Igor (Zionist); Sony Pictures Chairman Michael Lynton (Zionist); Warner Brothers Chairman Barry Meyer (Zionist); CBS CEO Leslie Moonves (Zionist); MGM Chairman Harry Sloan (Zionist); and NBC/Universal Studios CEO Jeff Zucker (Zionist).


The Rothschilds control America

The Los Angeles Times columnist Joel Stein (Zionist) wrote an article proclaiming that Americans who don't think Jews (Zionists) control Hollywood are just plain 'dumb'. Stein went on:

'The Jews are so dominant. I had to scour the trades to come up with six Gentiles in high positions at entertainment companies. But lo and behold, even one of that six, AMC President Charles Collier, turned out to be a Jew! ... As a proud Jew, I want America to know of our accomplishment. Yes, we control Hollywood.'

And not only Hollywood. Shahar Ilan, a daily features editor with the leading Israeli newspaper, Ha'aretz, wrote: 'The Jews do control the American media. This is very clear, and claiming otherwise is an insult to common knowledge'. Zionists have truly massive influence over the news media with the likes of Rupert Murdoch (Zionist) with his vast television and newspaper empire, and the Sulzberger family (Zionists) who own the New York Times. The list is enormous across television, radio, newspapers and the Internet.

When you look at the number of Zionists in key positions of power and control in politics, banking, corporations, news media, Hollywood and so on, it is sobering to think that Jewish people are just 1.7% of the American population and many of those won't be Zionists.

What if the same situation happened with Arab people or Chinese, Irish or even black Americans? There would be an outcry and questions asked about how one group can have so much influence over the lives of a whole nation, indeed many nations. And I stress again that, in the end, this control system leads to the Rothschilds and the spider they represent at the centre of the web.


The Rothschilds established B'nai B'rith in 1843 to prevent exposure of the global Zionist networks. The ' BB' is an offshoot of the Scottish Rite of Freemasonry and operates worldwide to brand as 'anti-Semitic' anyone who exposes the Rothschild operation.

In 1913, B'nai B'rith launched an organisation specifically to target and defame researchers, in fact anyone, who questions, criticises or exposes Israel and the ever-gathering Zionist influence across the world. With typical irony they called it the Anti-Defamation League, better known as the ADL, and claimed it was there to protect Jewish people. As Plato said: 'This and no other is the root from which a tyrant springs; when he first appears he is a protector'.

The ADL is, in fact, a sub-agency of the Israeli (Rothschild) centre for covert operations, the Mossad, which, according to a former agent, has the motto: 'By way of deception, thou shalt do war'. If that isn't the motto, it should be. The ADL is behind the introduction of 'hate laws' which are aimed at silencing dissent against Zionism or Israel. The Jewish academic, Noam Chomsky, said this of the ADL in his book, Necessary Illusions:

'The ADL has virtually abandoned its earlier role as a civil rights organization, becoming "one of the main pillars" of Israeli propaganda in the U.S., as the Israeli press casually describes it, engaged in surveillance, blacklisting, compilation of FBI-style files circulated to adherents for the purpose of defamation, angry public responses to criticism of Israeli actions, and so on.

These efforts, buttressed by insinuations of anti-Semitism or direct accusations, are intended to deflect or undermine opposition to Israeli policies, including Israel's refusal, with U.S. support, to move towards a general political settlement.'

The American rabbi, Michael Lerner, agrees:

'The ADL lost most of it credibility in my eyes as a civil rights organization when it began to identify criticisms of Israel with anti-Semitism, still more when it failed to defend me when I was receiving threats to my life from right-wing Jewish groups because of my critique of Israeli policy toward Palestinians (it said that these were not threats that came from my being Jewish, so therefore they were not within their area of concern).'

Firstly, the ADL has never been a civil rights organisation. Its very purpose has been to take them away. Secondly, it is not there to defend anyone, Jewish or otherwise. It's there to represent the sadistic interests of the House of Rothschild and the wider Illuminati.

It is so important that people are aware of this background to Zionism because at the moment it is basically speeding along unchallenged through lack of awareness and fear of being dubbed 'racist'.

Well, I couldn't care less what people say about me with regard to this or anything else. I want to uncover the truth, not win a popularity contest.

Please, let's circulate this information as effectively as we can and bring it from the shadows to public attention. We must refuse to be intimidated into silence over this.

Martin Luther King said: '... we must straighten our backs and work for our freedom. A man can't ride you unless your back is bent.'

It is time to stand up, in every sense.

Did Wall Street bail out Greece?

Click this link ........ http://eclipptv.com/viewVideo.php?video_id=10144

Alex Jones Tv 1/6: Obama is The Next False Flag!!!

Click this link ...... http://eclipptv.com/viewVideo.php?video_id=10138

Foreigners cut Treasury stakes; rates could rise

Foreign demand for short-term Treasurys tumbles, led by China; chance of higher rates looms

WASHINGTON (AP) -- A record drop in foreign holdings of U.S. Treasury bills in December sent a reminder that the government might have to pay higher interest rates on its debt to continue to attract investors.

China reduced its stake and lost the position it's held for more than a year as the largest foreign holder of Treasury debt. Japan retook the top spot as it boosted its Treasury holdings.

The Treasury Department said foreign holdings of U.S. Treasury bills fell by a record $53 billion in December. That topped the previous record drop of $44.5 billion in April 2009.

Private analysts, though, were split over the significance of the decline. Some doubted that the drop in foreign holdings of short-term Treasuries signified growing unease about holding U.S. debt. They noted that net purchases of longer-term Treasury debt rose in December by $70 billion.

But other economists saw the decline as a warning signal. They fear that foreigners, especially the Chinese, have begun to worry about record-high U.S. budget deficits and are looking to diversify their holdings.

A sustained drop in foreign demand for dollar-denominated assets could lead to higher U.S. interest rates and falling stock prices. Those trends could threaten the U.S. recovery. But economists said they see no such evidence yet.

The Treasury report showed that China reduced its holdings of Treasury securities by $34.2 billion in December.

Alan Meltzer, an economics professor at Carnegie Mellon University, said China's shift should be a wake-up call for Washington.

"The Chinese are worried that we have unsustainable debt levels, and we do not have a policy for dealing with it," Meltzer said.

He said the Chinese worry that confidence in the U.S. government's ability to repay its debt could erode. That would cause the value of Treasurys and the dollar to fall -- and lead to losses on Beijing's' U.S. debt holdings.

The Obama administration on Feb. 1 released a budget plan that projects the deficit for this year will total a record $1.56 trillion. That would surpass last year's record of $1.4 trillion deficit.

The recession helped drive up the deficits. Tax revenue fell as the economy slowed. And spending undertaken to support the economy and stabilize the financial system worsened the budget gaps.

The administration has pledged to address the budget gaps. President Barack Obama has said he will appoint a commission to recommend ways to trim future deficits. But China and others have expressed doubts about the commitment of the United States to reduce the red ink.

Moody's Investors Service has warned that the U.S. government's top credit rating could be jeopardized if the nation's finances don't improve. Asked about this report, Treasury Secretary Timothy Geithner said this month he was confident the United States "will never" loose its sterling credit rating. He predicted foreigners would keep buying U.S. Treasurys as a safe investment.

Some private economists warned against reading too much into December's drop in foreign purchases of short-term Treasury debt. They noted that the figures are volatile from month to month. They also pointed out that Europe's debt crisis has put pressure on the euro and boosted demand for U.S. Treasurys and the U.S. dollar.

"China may not be too happy with us right now, but you have to ask, what else are they going to do with their money?" said David Wyss, chief economist at Standard & Poor's in New York.

The Treasury International Capital report showed that net foreign demand for long-term securities totaled $63.3 billion in December. This figure includes Treasury debt, debt of government sponsored enterprises such as Fannie Mae and Freddie Mac as well as the bonds sold by private corporations and private company stock.

John Taylor, chairman of hedge fund FX Concepts, predicted that the drop in short-term Treasury holdings would likely be reversed in coming months. In part, he thinks that's because the euro, the main alternative to the dollar, has fallen about 10 percent against the U.S. currency since mid-January.

For December, Japan boosted its holdings of Treasurys by $11.5 billion to $768.8 billion. That figure exceeded China's December total of $755.4 billion and restored Japan's position as the largest foreign owner of Treasurys.

The $53 billion decline in holdings of Treasury bills came primarily from a drop in official government holdings. They fell by $52.3 billion. Holdings of foreign private investors dropped by $700 million in December.

For all of 2009, foreign holdings of U.S. Treasury bills dipped by $500 million. In 2008, foreigners had increased their holdings of short-term U.S. Treasuries by $456 billion. That occurred as a global financial crisis triggered a flight to the safety of U.S. government debt. As a result, the rates the government was paying on its debt fell to record lows. Rates on some short-term securities sank into negative territory for brief periods.

China's holdings are a result of the huge trade deficits the United States runs with China. The Chinese take the dollars Americans pay for Chinese products and invest them in Treasury securities and other dollar-denominated assets.

American manufacturers argue that China's huge dollar reserve reflect Beijing's efforts to keep its currency artificially low against the dollar. That can help boost Chinese exports and dampen demand in China for American products.

AP Business Writer Bernard Condon reported from New York.