News & Analysis
Fearfully, the US Treasury's Secret, 75-Year-Old Fund and Its Dark History Has Been Exposed? ...
After months of work, the video series on the Treasury's Exchange Stabilization Fund is finally finished! Why you should watch these five videos: It is impossible to understand the world today without knowing what the ESF is and what it has been doing. Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA's black budget, and is the architect of the world's monetary system (IMF, World Bank, etc). ESF financing (through the OSS and then the CIA) built up the worldwide propaganda network which has so badly distorted history today (including erasing awareness of its existence from popular consciousness). It has been directly involved in virtually every major US fraud/scandal since its creation in 1934: the London gold pool, the Kennedy assassinations, Iran-Contra, CIA drug trafficking, HIV, and worse ... " – Market Skeptics
Dominant Social Theme: The US Government has taken over the world and the ESF has been its weapon of choice.
Free-Market Analysis: We're not sure who Eric deCarbonnel is, but he has posted five YouTube videos that contain extraordinary allegations about the US Government's Exchange Stabilization Fund. In aggregate, the series is called, "What I have been afraid to blog about: THE ESF AND ITS HISTORY."
We were made aware of the series just last night by a considerate feedbacker who was puzzled by them. We used Google to find out about Mr. deCarbonnel, whose ESF thesis has been covered by GATA, where he contributes. He also contributes to some other alternative media websites and has received coverage there and elsewhere.
The videos don't seem to have made a wide stir as of yet (not that we could tell, anyhow). But they are certainly interesting. Having listened to all five presentations, we will try to provide an analysis of what we might call "holistic" journalism, where someone tries to put a lot of different facts together to create a scenario not previously well known.
You might call him a practitioner of conspiratorial or directed history. Perhaps that's why we're drawn to it. Many of the problems of the modern world can be traced to the ESF, according to Mr. deCarbonnel. He proceeds to make the case for his argument in over an hour of insights and detail.
We have been reading and writing about the New World Order for decades but the information presented by deCarbonnel seems, in some ways, new to us. (That doesn't mean it's accurate, of course.) We would be remiss in not making the following point: According to Mr. deCarbonnel, he is also related to Frank Vanderlip, one of the founders of the US Federal Reserve system, so the series of videos can also be seen in some way, perhaps, as a defense of Vanderlip and private banking.
Anyway, let's jump in. We will try to summarize Mr. deCarbonnel's argument for those who don't have the time or patience to sit through all five videos. Here are his arguments (buttressed, to be sure, by a plethora of historical sources) in approximate order in bullet points:
• The ESF was created WITHOUT OVERSIGHT by Congress in the 1930s to ensure support of the dollar. It has done a lousy job of what it was supposed to do, as the dollar has lost almost all its value.
• The ESF was put in the hands of the head of the US Treasury and the US Treasurer has absolute power to do what he wants with the fund.
• As a result, the ESF has acted as a giant slush fund that has funded the growth of the American Empire over the past century – against the will of both Congress and many bankers in private industry.
• The ESF also effectively runs the US Federal Reserve and tells the New York Fed what to do. It does this because it is responsible for stabilizing the dollar and implementing policies that are in the national interest.
• The ESF leaves few traces of its activities, as Congress mandated that it must conduct its affairs without oversight. Thus, dissembling is part of its mandate. Its bureaucracy lies as a matter of policy.
• The ESF was responsible for Project Mockingbird, apparently ongoing still today, and places many of America's top journos under the control of the CIA. The publishing industry – with a special emphasis on books about politics and American foreign policy – is an especially large part of this false flag operation. Books are seen as a key to controlling the American intelligentsia. The Internet has partially broken the promotional chokehold of Mockingbird.
• The ESF is legally MANDATED to lie, which is why even an audit of the Fed will not reveal the true nature of what has taken place in the US and the world in the past 100 years. The Fed and the ESF are symbiotic, but the ESF is in charge.
• In order to prop up the dollar, and to protect the interests of the US, the ESF has performed an enormous number of illegal tasks. It does so with maximum anonymity and without oversight of the rest of the executive branch or the Treasury itself.
• The ESF, through then-Treasury Secretary Harry Dexter White, virtually created the modern money system, including the IMF and World Bank. Today, the ESF is responsible for most of the rapine of the modern world's developing countries, as described in John Perkins's book, Confessions of an Economic Hit Man.
• John F. Kennedy was ready to expose the ESF and its dark deeds and to create a new, non Bretton-Woods financial system, which is why he was murdered by a "magic bullet." Later on, his brother was murdered for the same reason.
• The ESF, thus empowered, has continually and energetically bankrupted the US in order to save it.
• It has disposed of much if not all of the nation's gold supply.
• It used its secret funds to first create the CIA and then to fund its cover operations, including destabilization of democracies around the world.
• It has demanded enormous amounts of money printing from the Fed to prop up the US economy, the dollar and its illegal operations.
• It has coerced the Japanese, Chinese and others into buying dollars to mop up "inflation." (Ed.: He means "price inflation" actually.)
• It has sanctioned and created drug addiction in the US to "dollarize" the rest of the world. It has done so by imposing money-laundering regulations on banks that force drug dealers to export, via smuggling, tens and hundreds of billions of physical dollars out of the US.
• It has created a sophisticated forgery apparatus to ensure that the dollars do not flow back into the US, creating inflation. These dollars are apparently being printing by the US Treasury at a loss, but are the same as regular dollars in almost all ways. As a result, foreigners are afraid to bring their dollars back into the US for fear they will be confiscated as counterfeit.
• Because there are so many drugs flowing into the US, especially heroin and cocaine, people are dying of drug use in record numbers. As a result of these deaths, the ESF created the fiction of AIDS. It is still the accepted explanation for the deaths of millions, but there is no explanation for why the "virus" is found equally in men and women, although the deaths have been predominantly gay men who, especially in the 1980s, were apparently aggressive abusers of powerful drugs that depress the immune system. African statistics showing AIDS deaths are merely made up and not to be trusted.
• In order to keep the supply of dollars flowing out of the US, and to continue to fund illicit activities, the ESF has been responsible for wars as well as for covert and illicit assassinations and destabilizations. It was, for instance, responsible for the war in Afghanistan. The Taliban had begun eradicating poppy fields and this could not be tolerated, as the supply of heroin worldwide was plunging. Today, the CIA and US military guard the Afghan poppy fields and heroin production is heading toward peak supply.
• ESF manipulations have resulted in global "blowback." The dollar is in ruins. The ESF and its enablers are becoming unglued. Even Alan Greenspan has begun to admit the fraud that surrounds the ESF.
• As the ESF and the dollar itself has operated as a kind of Ponzi scheme and like all Ponzi schemes has fostered misinformation and disinformation. One of the most pervasive of these "tales" is that the world is run by an elite group of individuals intent on creating a New World Order. Even journalists who believe they are working for this group are being misled. The New World Order is nothing but a beard for the world's real power, which is the ESF and its enablers and associates.
• In reality, those who are responsible for the Ponzi scheme, bankers and government officials alike, are culpable. Mr. deCarbonnel says that they have no idea of what is about to happen to them. Hundreds of millions who have been defrauded by the ESF Ponzi scheme and all its ramifications are likely to be merciless when it comes to light. Justice will winnow those involved with special vehemence.
OK. Having summarized these arguments (we tried to hit the highlights, though doubtless we have left out some points), we will try to anticipate the arguments of cynics as well (too many of whom congregate here, for some reason).
These cynics, especially if they have listened to Mr. deCarbonnel's entire exegesis will make several points, the main point being that it is somehow a "limited hangout" in which a submerged "piece of the puzzle" has been presented as the mechanism for the Way the World Works.
The argument will be made that the REAL elites are preparing for a century's worth of malfeasance to come to light and that exposes such as deCarbonnel's provide a foretaste (perhaps a controllable one) of what will dominate the news over the coming months and years.
The main argument will be that by denying the existence of a New World Order, Mr. deCarbonnel is shifting the responsibility from where it belongs to the ESF. In other words, there is a coterie of what we call the Anglosphere power elite and it DOES make decisions. The ESF is merely another tool in an arsenal of weapons that have been employed to dominate the world.
Such cynics as we have described will claim that deCarbonnel's expose is really another way of hiding what is actually taking place and of making sure the "finger of blame" gets pointed at a free-floating American evolutionary (bureaucratic) system and its enablers rather than at the REAL controllers residing historically in the City of London and elsewhere.
These cynics might also argue (full confession: we have in the past) that the footsteps of the French Revolution are echoing more and more loudly as such exposes as deCarbonnel presents continue to find their way to the popular media. It will be argued that the same thing happened in the 1930s during the Pecora Hearings where the modern regulatory state's bureaucratic apparatus was falsely erected and Wall Street was made into a convenient scapegoat for corruption that went far higher.
Conclusion: Whatever one thinks of Mr. deCarbonnel's point of view (we're not endorsing it, merely presenting it), his perspective regarding the ESF is intriguing, and he seems to us a passionate financial journalist in the modern Western tradition. He states at one point that his expose – and others – could not have found their way to the public forum without the Internet, which Mockingbird still does not control. In providing this interesting group of videos to the general public via YouTube, deCarbonnel seems to be providing proof of his point of view.
Posted by PB on 01/25/12 04:07 PM
I didn't know where to put this.. but figured this article would be a good place to leave it. On Y!, No, the Fed Does NOT 'Print Money': Just Explain It
Click to view link
Posted by samson on 01/20/12 07:08 PM
DIMITRI. We have competing currencies now. The Soverein $, and the Euro are here to stay. The Anglosphere wants nothing to do with gold, or they would
have purchased all of it in the 1900's. They will determine the color of
script to be used.
Posted by samson on 01/20/12 06:47 PM
The sinister plans of those who control the world's money are alive & well
on planet earth. So it takes them a millineum to draw the rope around the
necks of humanity, they meanwhile are enjoying the ambrosia & the creme
de la creme of creature comforts & leisure. When not gamboling around the
watering holes of the "beautiful people", they love pulling the strings of
their puppets, while sipping their Rothchild's brandy. Methinks The City of
London triad includes the ESF.
Posted by mizrae on 01/08/12 03:25 PM
Click to view link
Words are important. Especially as a tool reaching towards critical thinking.
Thus it is with awareness that the following statement is made; critical thinking is about being self analytic with respect to our own presumed knowledge. Stated another way, critical thinking means to be aware of the tendency for 'sludge' to accumulate in our analysis of universe over time as assumptions of the moment mature into permanent bias.
Critical thinking does not mean to be critical of others. As if to reinforce that fact, those humans most possessive of critical thinking are constantly giving other humans space on everything as they (the critical thinker) realize just how screwy is their own thought process. And they are self analytic and self critical. Imagine what it is like to be neither.
Not all things are visible, nor apparent in universe, and most situations are extremely complicated, if not complex. This noted, there have been a number of questions raised about the 'lawsuit to end the NWO'.
In the instant of examination of the documents and wujo context of the lawsuit, it becomes clear that very wonky thinking is involved in this from a big picture perspective which is lost to those within the details of what appears to be a charade.
Click to view link
Posted by LloydMiller on 01/07/12 12:16 AM
The diminished role for private bankers in deCarbonnel's conspiracy overview is similar to tht insight that the International Bankers, especially the Rothshilds, were especially adept servants of the Crown in geopolitical stuggles, NOT PRIME MOVERS!
Posted by LloydMiller on 01/07/12 12:12 AM
Long before I read Eric deCarbonnel www site quite some months ago, I often had the feeling the NWO was a chimera designed to hide purely predatory and/or Imperial geopolitical designs behind a program for beneficent ONE WORLD GOVERNMENT, a propaganda line very appealing to the UNIVERSITY ELITE, the group, more than the masses, MUST BE DECEIVED for conspiratorial rule to proceed.
Most astounding of deCarbonnel's claim is that the Secretary of the Treasury, appointed by the Elected President and confirmed by the Senate ACTUALLY RULES! This BECAME CLEAR with Paulson under "W".
Posted by vivek on 01/03/12 06:25 AM
Happy 2012 to DB and the commentators.
ESF is one amongst many in this age of revelations. Perhaps we should all just breathe deeply and take it all in. Because counter-revelations will come.
The idea is the maximizing cognitive dissonance.
Posted by ostrading on 01/01/12 01:20 AM
(Global Elite: It is a secretive and closely guarded group of families and individuals.)
Who are they? Isn't it time that someone started to name names? If they are outed it will be the first step in dissolving their power. Make them visible and accountable, isn't that what the internet is supposed to do? Please start a public list of who these hidden power brokers are and describe their individual roles in the elitist machine.
Posted by olde reb on 12/19/11 11:05 AM
And grandmas bunyons were painful.
Posted by olde reb on 12/19/11 11:03 AM
A lengthy compendium of alleged and suspected CIA nafarious acts is posted on numerous boards as CIA; ROGUE AGENCY RUN AMUCK.
Posted by Occams_Razor on 12/17/11 09:27 PM
OK folks, prepare yourselves. When FDR signed this law at appx 12:30 pm est in Washington DC on Jan. 30th, 1934, I have NEVER seen an astrological chart so precisely setup for its intended purpose.
Jupiter, Uranus, and Pluto are in the most precise T-square ever, and the Moon is precisely opposite the Sun, with a tight stellium of 3 planets and the Sun in Aquarius. Absolutely amazing.
Posted by nithsdale on 12/15/11 05:02 PM
Could not get a link to the site... it is blocked! Oh well, I can imagine what is happening since I recall the incident that brought this legal action on. Good Luck!
Posted by wildchild on 12/15/11 02:42 PM
He has a massive amount of documentation and sources, with links here:
Click to view link
Posted by truthbetold on 12/15/11 12:24 PM
The heart of man is deceitful above ALL THINGS and desparately wicked and the love of money is the root of ALL evil... ... ..these are two ageless quotes from the BIBLE that describes the state of our leaders... ... ..true repentence is necessary for any healing to take place.
Posted by nithsdale on 12/14/11 09:48 PM
deCarbonel is exposing something that has been in plain view for 60 years. Anyone who has been in Asia, South America, knows the CIA involvement in business, legal and illegal, and how the receipts have been used to bankroll many questionable activities. Innumerable exposes have been started re this strange "arm of the US Government" but always lead to nowhere and Congress has been unwilling to address any complaints brought to its attention. Ergo, there is a shadow government at work all over the world, giving the lie to all American government officials statements re our purpose.
The CIA involvement in our affairs was revved up in the early 1950's when remnants of the OSS reformed behind the CIA screen. Schools of International Relations were begun in most universities to provide the needed stream of operatives all over the world and assure compliance from the education sector in this covert activity. Councils on Foreign Relations were established in every city of any import to assure proper public acceptance of American "tinkering" with the rest of the world. The State Department was infiltrated and became anathema even to American business abroad and the American citizens involved in legal activities. The CIA was common knowledge to every other nation's consular groups and always the subject of discussion with anyone involved in problems associated with their activities. Murders and assassinations in foreign posts were often outed in foreign newspapers at al as CIA "hits".
I find it amusing that now the story is coming to "life" when it has had "legs" for so long. Like you, I wonder what the motive is. Given its dreadful story, perhaps it is to improve the legitimacy of what is happening, to gather support for that to supplant what is, that now it is necessary to jettison an unsavory past to reach legal acceptance from the world! It is what history recounts always when it tells how civilizations come and go!
Reply from The Daily Bell
While we may disagree with his context, it seems to us that he has done a service by revealing a mechanism of funding which was indeed "hidden in plain view." It explains a great deal, and actually much more than he is willing to elucidate.
Posted by TMoore on 12/14/11 09:12 PM
To all DB readers, may I commend the following information regarding some 134B in US bearer bonds that turned up in Italy in 2009 only to disappear. MSM of course buried the story, but it has resurfaced in the form of a law suit in the southern District of New York. This information fills in a lot of gaps about the Fed, 911, missing gold and the corrupt system of "international finance". You have to read it to believe it.
Click to view link
Click to view link
I suggest also reading the pleading which is the most amazing court document I have ever seen.
Posted by Lamb on 12/14/11 08:28 PM
Re: "Defamation", I think your comments are an understatement. Shocking...
Posted by olde reb on 12/14/11 05:40 PM
Bravo for the excellent review of 'What I Have Been Afraid To Blog About: The ESF and Its History.' posted at http://dont-tread-on.me/?p=4587 by Silver Shield in previous comment.
The transparent object of the film producer Eric deCarbonnel is to cast the obscure ESF as a government entity controlling the Fed and in particular the FRBNY. The rapid-fire snippets are taken out of context and allow no thought. As SS points out, the WHO that is behind the ESF and stands to gain from the operation is totally void.
The bullets listed of ESF actions (I believe they should be CIA actions) show the broad scope of their intrigue. A Google search of CIA; ROGUE AGENCY RUN AMUCK locates a longer compilation of documented and suspected nefarious actions. Again, WHO is it that benefits?
The CIA, IMF and World Bank have a consist pattern of economic exploitation of nations and driving them into bankruptcy and destitution---for the economic benefit of foreigners. It is not the government of the U.S. that benefits, it is a multitude of mega corporations with interlocking assets. An entity of that nature was the subject of TRAGEDY AND HOPE by Carroll Quigley and is called the Counsel on Foreign Relations. The CFR and its little sister, the Trilateralists, were established by David Rockefeller for the economic benefits of Wall Street financiers. THE ROCKEFELLER FILE by Gary Allen documents the interlocking directorships between major corporations as controlled by the Rockefeller Trusts of 1975. The CIA is the operating hands of the CFR.
Eric repeatedly identifies Harry Dexter White in the videos. White was identified as a communist agent. JP Morgan bragged that the $64 million spent to finance the Bolshevik Revolution was the cheapest war he funded. The Czar had the largest gold hoard in the world and it was seized by Morgan, but Morgan was only a shill for Rothschild. Every time the USSR was near collapse, it was Wall Street that rescued them. The Military Industrial complex must have a stalking horse. Ref. MILITARY SUICIDE by Antony Sutton. War can be a profitable industry.
Why did Eric make the videos? I agree with SS they are to portray the Fed as a toothless check clearing operation. SS lists some of the damaging actions of the Fed. He misses the item that every dollar of inflation has been an undeclared dollar of profit received by the FRBNY from the auctions of Treasury securities. Ref. . RIP OFF BY THE FEDERAL RESERVE, Click to view link Concealment of that profit FOR 100 YEARS from the government appears to be in violation of numerous criminal statutes and each auction is a separate indictment count. Hummm.
Think Eric is a Fed attempt to divert the public's attention or is he just in denial of his grandfathers participation ??
Posted by earnst on 12/14/11 02:31 PM
This is an ugly cancerous growth which should be removed though it has metasticized, I have heard similar tales of the Vatican and no doubt the inheritors of evil spend much of their effort in smoke and mirror tactics but as the facade crumbles the real structure should become visible. I hope.
Posted by Abu Aardvark on 12/14/11 08:51 AM
DB: "Well, we should just hand the "keys" to you."
Thanks. That's a very kind thing to say ...
... while waiting for the keys in my mail (just kidding), I shall continue to provide some juicy nom noms:
"US-Funded "Activist" Becomes President of Tunisia - From A-Z, the Arab Spring is Fake"
Click to view link
"What the Salafists Want - Egypt Faces a Hardline Islamic Future" (Ha! Who knew?)
Click to view link
And then I bumped into this on German TV yesterday - highly recommended for the fanciers:
Click to view link
After seeing this, I'd suggest there has hardly been a people as brainwashed (and thereby turned into easy prey) as contemporary Jewry. Ever. It's painful to watch.
Reply from The Daily Bell
This documentary is great!