The Wall Street

Pentagon Papers
The biggest scam ever
happened!

Members

(alphabetical order)

Divya Padmanabhan
Khushboo Nisar
Nrupa Ranadive
Rutika Patil
Srishti Gupta

(PG-11-071)
(PG-11-096)
(PG-11-103)
(PG-11-100)
(PG-11-o78)

Road Map:

What is Federal Reserve

Global banking cartel (member banks)
Pentagon papers in brief and its comparison with WPP
About the scam
Beneficiary parties of the scam
Its impact on economy
Conclusion

Federal Reserve
The Fed is the gatekeeper of the U.S. economy.
It is the bank of the U.S. government and, as such, it regulates the
nation's financial institutions.
The Fed watches over the world's largest economy and is, therefore,
one of the most powerful organizations on earth.
The Fed dictates economic and monetary policies that have profound
impacts on individuals in the U.S. and around the world.
The Federal Reserve was created by the U.S. Congress in 1913.
Before that, the U.S. lacked any formal organization for studying and
implementing monetary policy.
The Fed is an independent entity, but is subject to oversight from
Congress.

Fed is headed by:

Fed is headed by a government agency in Washington known as
the Board of Governors of the Federal Reserve. The Board of Governors
consists of seven presidential appointees, each of whom serves 14 year
terms. All members must be confirmed by the Senate and can be
reappointed.
The board is led by a chairman and a vice chairman, each appointed by
the President and approved by the Senate for four-year terms.
The current chair is Ben Bernanke, who took over for Alan
Greenspan on February 1, 2006. Greenspan had been chairman since
1987.

Duties of FedThe Fed's job is to foster a sound banking system and a healthy economy.
To accomplish its mission, the Fed serves as the
1. Banker's Bank- Fed provides services to financial institutions in the same way
that regular banks provide services to public.

2. The Government's Bank- The U.S. Govt has an account with the Fed. All
revenue generated by taxes and all outgoing government payments are handled
through this account. It includes selling and redeeming of G-secs such as
bills and bonds.

T-

3. Regulator and Supervisor- It includes monitoring of banks that are members of

the system, the foreign activities of member banks and the U.S. activities of foreignowned banks.

4. Money Manager- It refers to the actions that the Fed undertakes to influence the
amount of money and credit in the U.S. economy. Changes to the amount of money
and credit affect interest rates and the performance of the U.S. economy.

Global Banking cartel

(Member Banks of Federal Reserve)

US
Bank of America Securities LLC
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Jefferies & Company, Inc.
J. P. Morgan Securities Inc.
Morgan Stanley & Co. Inc.

Japan

Britain

France
BNP Paribas Securities Corp.

Barclays Capital Inc.

HSBC Securities (USA) Inc.

Switzerland
Credit Suisse Securities (USA)
LLC
UBS Securities LLC.

Daiwa Capital Markets America Inc.

Mizuho Securities USA Inc.
Nomura Securities International,
Inc.
Germany
Deutsche Bank Securities Inc.

Canada
RBC Capital Markets Corp.
Scotland
RBS Securities Inc.

Pentagon papers scam in brief:

study was commissioned by Secretary of Defense Robert S. McNamara
Ain government
June, 1967 to study the US involvement in Vietnam. The study resulted in a 47volume, top secret study covered the period from World War II to May, 1968, called the
Pentagon Papers. It was written by a team of analysts who had access to classified
documents, and was completed in Jan. 1969.

The study revealed a considerable degree of miscalculation, bureaucratic arrogance, and

deception on the part of U.S. policymakers. In particular, it found that the U.S.
government had continually resisted full disclosure of increasing military involvement
in Southeast Asia and offensive actions by U.S. marines had taken place long before the
American public was informed.

On June 13, 1971, the New York Times began publishing a series of articles based on the
study. The Justice Dept. obtained a court injunction against further publication on
national security grounds, but the Supreme Court ruled that constitutional guarantees of
a free press overrode other considerations, and allowed further publication.
Thus the government involvement in Vietnam was kept undisclosed to people.

Comparison:
Even if New york times revealed documents from inside US
military, as huge as that could be, it will most likely pale in
comparison to what is found out from the inner-workings of
the Federal Reserve. This is the Wall Street equivalent of
the Pentagon Papers.

16000000000000

How did the scam happen?

 These banks are the current primary dealers of the

Federal Reserve System.
They have power over the entire economy.
They sit at the top of the worlds monetary system,
currently the Feds debt-dollar pyramid, with a
governmental license to what has been the most
secure capital in the worldUS Treasury debtfor a
monopoly price that nobody else can get.
These banks distribute some of it to subordinate
capital for a guaranteed premium, and they park a
large amount of it on their own balance sheets as
assets upon which they can speculate, trade, and
fractionalize to create the rest of the money in the
economy and put other countries, companies, and
people in even more debt. So these institutions hold a
monopoly position.

 Intro for the scam-

For a moment, imagine that there is a privately-owned organization in

the United States that can create U.S. dollars out of thin air whenever it
wants and can loan that money to whoever it wants to. Imagine that this
organization is able to act with the full power of the U.S. government
behind it, but that nobody in the organization is ever elected by the
American people, and that for all practical purposes the organization is
not accountable to the president or to Congress. Imagine that the
organization is able to make trillions of dollars of secret loans to banks,
to foreign governments and even to their close friends without ever
having to face a comprehensive audit. Does that sound preposterous?
Well, such an organization actually exists. It is called the Federal
Reserve, and today we found out that once again the Fed is going to be
taking huge piles of your money and loaning it to commercial banks in
Europe. The Congress cannot overrule this decision. Neither can
Barack Obama. Because it has so much power, many refer to the
Federal Reserve as "the fourth branch of government", but unlike the
other three branches of government, there are basically no significant
"checks and balances" on the Federal Reserve. If you don't like the fact
that the Federal Reserve is racing in to help big foreign banks survive
the European debt crisis that is just too bad. The Federal Reserve
pretty much gets to do whatever it wants to do, and the folks over at the
Fed simply do not care whether you like that or not.

 Process contd
This only indicates that the banking establishment has a
permanent parasitic stake in those countries to churn
their populations under the Feds debt system. Together
with hedge funds, they have power over nations.
Like any corporate institution, banks drive EPS by
expanding and leveraging their balance sheets, which
for banks means putting everything else in more debt.
The Fed system is in transition. The crash of 2008 was
the first phase of global capital holders shifting their
private capital out of the system so the Fed was forced
to add public capital, i.e. USA peoples debt, into the
system. International banks simply transferred their bad
assets to the public through the Fed and prepared to
ramp up operations in Asia, which will be a primary
churn center for the 21st century global banking system.

Citigroup: $2.5 trillion

Morgan Stanley: $2.04 trillion
Merrill Lynch: $1.949 trillion
Bank of America: $1.344 trillion
Barclays PLC (United Kingdom): $868 billion
Bear Sterns: $853 billion
Goldman Sachs: $814 billion
Royal Bank of Scotland (UK): $541 billion
JP Morgan Chase: $391 billion
Deutsche Bank (Germany): $354 billion
UBS (Switzerland): $287 billion
Credit Suisse (Switzerland): $262 billion
Lehman Brothers: $183 billion
Bank of Scotland (United Kingdom): $181 billion
BNP Paribas (France): $175 billion

implications

 Think about it. In just this one peek we got at its operations,
we learned that the Fed doled out $12.3 trillion in near-zero
interest loans, without Congressional input.