Tuesday, 18 March 2008

Banks face "new world order," consolidation: report

This article is featured in the mainstream news, it has now reached the point that even they are talking about the NWO.

NEW YORK (Reuters) - Financial firms face a "new world order" after a weekend fire sale of Bear Stearns and the Federal Reserve's first emergency weekend meeting since 1979, research firm CreditSights said in a report on Monday.

More industry consolidation and acquisitions may follow after JPMorgan Chase & Co on Sunday said it was buying Bear Stearns for $236 million, or $2 a share, a deep discount from the $30 price on Friday and record share price of about $172 last year.

Global stocks fell sharply on Monday, and U.S financial stocks tumbled in early trading, led by a 86 percent slump in Bear Stearns.

Financial share prices could fall further by as much as 50 percent, Oppenheimer & Co. analyst Meredith Whitney said.

Source: Reuters.com

Larger banks purchased smaller banks following the last depression of the US. Smaller banks were snapped up by the Chase Manhattan bank owned by John D Rockefeller. Incidentally, this time around JPMorgan Chase is owned by non other than David Rockefeller (he is the majority share holder).

Therefore, this current banking/sub prime/depression crisis (call it what you will) is fabricated by the leading bankers of this world in order to acquire smaller banks and their assets at a knock down price. It is also worth noting that one of the majority shareholders of the US Federal Reserve is David Rockefeller.


Richard Lalancette said...

What I don't understand, is why the good guys put up with all kind of dirty methods, but never retaliate against the bad guys.

That Rockefeller guy, is pure evil. How can such a demon still live today, is incomprehensible.

Will we ever learn? They pulled the same dirty tricks in the past, and we haven't seen that coming?

Thanks for the great article Philip.

Philip said...

That has always baffled me. Why don't people stand up for themselves? I suppose they are afraid. What we need is a revolution.

Rockefeller is pure evil and I personally would like to see him hang!

I think it will only be a matter of time before more and more people are aware of exactly what is going on.