-->From a different Perspective

Hans Schicht

Standing out far above the crowd are the single individuals and leaders that wrote the history of the world: Hamurabi, Moses, Gengis Kahn, Alexander the Great, Confucius, Napoleon, Lenin and Chairman Deng inter alias. Study their lives and their philosophy and one will understand their time. It is never the masses which make history. So, if we wish to understand our present day, we had better find out who the leader or leaders are. No easy task at first sight. Wherever we look today, there are only mediocre men of little stature around, primarily interested in being seen on TV.

There is however one single man, who hates publicity and loathes the masses, a man who more than anybody else has left his imprint: born 1915, his name is David Rockefeller.

He made New York the capital of the world. Under him the Council on Foreign Relations and the Tri-Lateral Commission drew up the blue print for the post war era centered around a United Nations. The land upon which the United Nations building rests was his grant. It was David who in 1944 had the Bretton Woods conference convoked, to draw the rules for the post war international monetary relationships. It was David who stood behind the foundation of the IMF, the World Bank, the Bilderbergers, the many G-x Meetings and the World Economic Council. Whatever important events occurred in the last 70 years, be it the Land-Lease to Russia, the Marshall Plan, the decolonization movement, the Alianza para el Progresso, the Point Four program, the Peace Corps, the opening up of China and Russia, they all carry the stamp of David Rockefeller, his Council on Foreign Relations and his Tri-Lats. I give little credit to Washington for ever having directly initiated any important, forward looking programs on its own initiative. If so, then the originators were the ones put into government by David's instigation. To take it one step further: I do not think that any American President has ever been elected in David's time who was not first suggested or approved by him or not obliged to accept a vice-president or a secretary of State of Rockefeller's choice. Take it or leave it.

Who controls America's major Banks and thus the FED, the IMF and the World Bank? Who controls the media? And who controls the armaments industries? Not the Pentagon! More than anywhere else, in the USA he who has the money rules. And this are not the salaried employees in the Pentagon! Neither are they the government ( or the FED's!) employees dependent on salaries. Even up to the highest level, where some presidents of late were also men of fortune in their own right, their financial weight was nothing in the face of the financial power of David Rockefeller.

It is not the amount of riches that counts, but how these riches are organized and what is and can be done through them. Bill Gates, with all his money is purportedly the richest man in the world, however, he is only a prisoner in his single enterprise and counts little in the world of finance in the broader sense. Warren Buffet's riches are but passively invested. On the other hand, David's money moves, works and rules. Through holdings and trusts, control and leverage, he has cunningly followed in the steps of his grandfather and converted his inheritance into a financial empire, mightier than the world has never seen, even mightier than any one forged by armies. Conquered by imposing debt, at home and abroad, its arms but fiat paper dollars. An Empire in itself, organized into the finest details, with councils of ministers, executives, information services and the grooming, training and planting of faithful lackeys at strategic points.

Many will disagree, but for me David Rockefeller has been the king maker of the last sixty years. His policies alone have made the American Dollar the money of the world, pushing all other currencies and gold into the background, not tolerating any rival to his dollar empire. He has made the world dance to his and America's tune. Not the hospitality of the American people, but David's imperialistic debt enslavement policies underlie resentment against the United States.

However, 88 years is an old age, and wherever we look, his central command is seen to be fading. Neither is there a capable successor in sight to take over the reigns. Hyenas have begun picking up the pieces. Corruption is rife. Rivalry is breaking up the Empire.

What has been good for Rockefeller, has been a curse for the United States. Its citizens, government and country indebted to the hilt, enslaved to his banks. The people dummed by education tuned to the lowest intelligence level and mis-informed by media of the poorest quality. The country's industrial force lost to overseas in consequence of strong dollar policies. The country's gold reserves in the process of being squandered to support the strong dollar. A strong dollar pursued purely in the interest of the banking empire and not for the best of the country. The USA, now degraded to a service and consumer nation. Its soldiers reshaped into little-motivated high-tech-robot TV heros.

With the fading of the Rockefeller Empire, the affairs of the United States are no longer as they should. US policy not thought through and not well planned any longer. Be it the Iraq war, politics in general, public relations or financial policy, coordination and long term planning are missing. Of late, too many contradicting statements have been made by US government spokesmen, too many people have come to Washington only to leave shortly afterwards. Too many unanswered questions are lingering, especially about the motives for the Iraq war. This raises suspicions in the outside world that all might not be roses in America.

For the foreigner there can be only one explanation: a lack of leadership in the affairs of the United States. The current uncertainty and the ad hoc actions of the government are evidence of how much influence Rockefeller must have had till only recently.

With Rockefeller leaving the scene, sixty years of dollar imperialism are drawing to a close and parallel to the closure of an era in the history of the United States. The US and with it the world, is entering an uncertain, vulnerable and dangerous inter-regnum, till a new leader asserts himself.

Where could a new leader be found who would be able to put the house in order again? Motivate the people and free the nation from financial slavery. Give the people back their responsibilities and with it their dignity. Rebuild the nations industrial and agricultural power. Give the land back to the farmers, who work the land themselves. And prove again to the world that the USA is the country of freedom and has no interest of encroaching upon the rest of the world with financial imperialism.

As one of the first signs of change, the mighty dollar has come under attack, directly on the currency markets and indirectly through the bond markets. The day of financial reckoning is not far off any longer and I am sticking my neck out that, before the year has passed gone, the world will have become involved in a fully fledged monetary crisis. Exactly as happened in the early days of the Weimar Republic's hyper-inflation, the FED is indulging in frantic monitization of US government debt. Once there is no debt left to monitize, then either a Weimar like inflation could take hold in Dollarland, or a strictly controlled dollar regime could be imposed, with price and foreign exchange controls, foreign asset and gold and silver requisition, including the obligation for the mines to sell their production to state agencies and so on, all as happened under the sperr-mark in Hitler's Germany. It would be left to the outside world to digest the overhang of now worthless dollars in circulation beyond the USA borders.

It is my opinion that chaining the dollar to oil will not save the dollar. What would be far more productive would be for the United States to rebuild its power at home first. But who is going to fight the course of history?

In the context of inflation I wish to make one little side remark: It seems to be misunderstood by many people that deflation necessarily follows inflation. Twenty-five years in Latin America have taught me, that nearly without exception, inflation has the tendency to flare up again and again, repeatedly in waves, hardly ever dipping below the point of deflation.

Whether the USA is going to enter a pattern of repeating inflationary waves or will become subjected to strict monetary intervention and a rigorously controlled currency, is a question whose answer depends on the kind of government the USA is going to have. Will it turn out to be Big Brother government with Patriot Acts and all, or will it be a government, heterogeneous and kind of corruptible, like down south?

As long as political and financial uncertainty reign, better play it safe. Do not follow the stock market for guidance, anything might happen there. Look instead at the solid base building of gold and silver and at the growing warning signs of looming panic on the bond markets. It is bonds which are the antithesis to gold, not stocks, I have always cautioned.

When the treasury market started to show its first signs of fatigue and collapse May 2001, Greenspan at the time was still able to stem the tide by direct intervention in the bond markets through a massive buy-back of government long term debt, which, in my opinion, was not limited to open intervention, but must have been accompanied by substantial covert buying for hidden ESF, Exchange Stabilisation Fund accounts, far from the public eye. Not withstanding all intervention however, today again, the bond markets have begun to show irrational behaviour. With foreigners obviously selling in force, the FED should again be busy intervening and buying heavily. This time, however, I do not expect Greenspan to be so lucky and manage to keep the bonds and the dollar from collapse. Corrective forces have grown too powerful.

In September Trichet will be taking over as president of the European Central Bank from Duisenberg. Now acting for all European Central Banks, not only for the French Central Bank, Trichet is bound to re-apply the former pro-gold policies of de Gaulle, which at its time brought on the demise of the London Gold Pool and forced Nixon to close the gold window. The European Central Banks were never that anti-gold, and it always was and still is in their interest to maintain balanced reserves and not to become too dependent only on the one reserve currency, the dollar. They never have had the same motives as the Rockefeller FED to bash the prime competitor to the dollar, gold! However, they were pressured, seduced and mislead by the FED in agreeing to lease a greater part of their gold reserves out, never to see them return!

With Rockefeller's strong hand losing its grip and the old established order fading, the world has entered a most dangerous transition period, where anything could happen. Europe having refused to go along with the Iraq war. Russia refusing flat out to review its relations with Iran. Asia considering going its own monetary way. OPEC wavering between the dollar and the euro.

Pressure on the dollar is building and the hegemony of the United States has come under attack.



Back at Lake Chapala, Mexico

July 7th, 2003

Hans Schicht