The crimes of the financial elite on their way to power (According to the analyses of the financial expert Ernst Wolff)

07.10.2022 | www.kla.tv/23819

According to financial expert Ernst Wolff, over the past half century our financial system has developed into the world’s most powerful force, affecting even the smallest detail of our entire lives. Meanwhile, 1% of the world’s population owns more than all the rest, and this gap between rich and poor is widening year by year. The root or nucleus from which this system has evolved is cash generation, i.e. the creation of new money out of thin air, which is essentially a privilege of central banks. According to financial expert Ernst Wolff, in the beginning, rich bankers and merchants bought this right by providing governments with money, for example for warfare. In this way, Nathan Mayer Rothschild had already gained control over the Bank of England [central bank of England] and thus over the British Empire at the beginning of the 19th century. When in 1913, due to a deliberately induced financial and economic crash the founding of the US bank, the Federal Reserve Bank (Fed) took place, eight powerful bankers families succeeded in seizing control of the most influential central bank in the world. Today, the Fed is still majority-owned by Rothschild, Goldman Sachs, Rockefeller, Lehman and Kuhn Loeb, Warburg, Lazard and Israel Moses Seif. By gaining control over the creation of money, according to Ernst Wolff, powerful bankers have created an organization through which they control and dominate governments at will. The following examples from the analyses of Ernst Wolff not only show the criminal machinations of the financial elites, but also how the governments keep on acting completely in the interests of these financial elites and fail to intervene to regulate the financial system despite hair-raising undesirable developments. 1. The entry of the USA in World War I The true character of the US central bank, the Fed, and the power it wields over US politics became apparent just a few years after its founding in 1913 during World War I. While then US President Woodrow Wilson was getting himself elected as an anti-war president, the Fed and the major Wall Street banks supported primarily Britain, France and Italy with loans. Then, when it looked as if US bankers might lose their money if Germany won, the US government did an 180-degree turn, according to Wolff. Among other things, the cleverly engineered sinking of the cruise ship Lusitania provided a reason for the US to enter the war, causing Germany to lose the war. This also ensured the repayment of the loans. The price of this action was about 323,000 American deaths, while J. D. Rockefeller, for example, made an additional $200 million profit, which would be about $1.9 billion today. 2. The deregulation of the financial markets As the economy cooled in the 1970s, the banks’ business declined at the same time, as fewer loans were needed. Therefore, the American and British banks in particular – i.e. Wall Street and the City of London – took advantage of their position of power and pressured politicians to give them more leeway. With the help of US President Ronald Reagan and British Prime Minister Margaret Thatcher, government rules and regulations that had been enacted to protect the financial system and bank customers were then gradually dismantled. Thus, the banks’ room for maneuver was increasingly expanded, which ultimately led to a complete deregulation of the global financial markets. As a result, money that had previously been invested in industrial production flowed into the financial markets in ever greater quantities for speculation. In the meantime, more than 95% of all financial transactions worldwide are used for speculation, so that the global financial system resembles a giant gambling casino. Essentially however, only the ultra-rich have profited from this development, and since then they have enriched themselves to an almost inconceivable extent, while the withdrawal of money has increasingly stunted the real economy and impoverished the world’s population. 3. The Global Economic Crisis and the Euro Crisis The excessive speculation of the financial elite then led to the global financial crisis in 2007 and 2008 and subsequently to the Euro Crisis. In order to save the financial system from collapse, governments, among others, then initially used taxpayers’ money to rescue the small group of large investors and financial speculators. Due to the resulting over-indebtedness of some states in the euro area, they were then threatened with national bankruptcy, which was prevented, among other things, with payments and guarantees in the billions from other EU states. However, the money did not flow to the affected countries, but immediately to the creditor banks in the EU and the USA. In other words, the international financial speculators who had caused the crisis were bailed out, while at the same time it was primarily the working population that had to bear the burden. In order to be able to repay the national debt, governments have cut pensions, eliminated social benefits, lowered minimum wages and increased taxes and duties. The result was a worldwide explosion of social inequality. The living standards of working people plummeted, while the ultra-rich raked in huge profits as a result of the bailouts, so that their fortunes grew faster than ever before. These listed contexts make it clear that our current financial system is a system of injustice. It has led to a worldwide dictatorship of money in which a small elite criminally abuses its power for the unlimited enrichment and exploitation of peoples. To end this crime, it is of the utmost importance that our financial system is no longer governed by private interests. In contrast, any further government action in favor of a few super-rich people must be ruthlessly exposed. This is the only way that the hidden hands in the background of this system of injustice can be deprived of the source of their power – the creation of money – and a financial system can be established that serves the good of all.

from hag

Sources/Links: Total: Book "Wolff of Wall Street: Ernst Wolff explains the global financial system". Wealth distribution - system failure www.oxfam.de/ueber-uns/aktuelles/2017-01-16-8-maenner-besitzen-so-viel-aermere-haelfte-weltbevoelkerung
https://www.oxfam.de/unsere-arbeit/themen/soziale-ungleichheit
Rothschild and the "Banksters https://de.wikipedia.org/wiki/Nathan_Mayer_Rothschild_
(Bankier) www.imauftragdesislam.com/rothschild-und-die-illuminaten_d464.html
www.tauhid.net/finanzsystem.html
www.kla.tv/14016
Central Banks + Fed www.youtube.com/watch?v=qLd3osY1nV0 Ticket:
SE-498 www.youtube.com/watch?v=gdvHRFIY4V8
Quotes Rothschild https://www.tauhid.net/rothschild.html
https://de.wikipedia.org/wiki/Mayer_Amschel_Rothschild
Owner of the Fed https://sariblog.eu/das-kartell-der-federal-reserve-die-acht-familien/
https://aktiendaten.de/plaintext/9-11-masterminds/die-acht-familien/index.html
The provoked war entry of the USA in the 1st world war www.kla.tv/9511
Financial markets, deregulation www.youtube.com/watch?v=hw-ugQcE7ng
https://www.youtube.com/watch?v=fhMHa_poYzc
Hedge Funds www.youtube.com/watch?v=raPtydqus6M
Separation banking system (95% of money circulates for speculation) www.youtube.com/watch?v=dQS6MhJzGR0
World financial crisis www.youtube.com/watch?v=vG6z60fw0nc
Euro crisis www.youtube.com/watch?v=ouTmixL5Crk
Democratic monetary system www.youtube.com/watch?v=9oqqLuTFNX4