TFC Sunday 10 October, 2010: DBS / Muhammad Rafeeq

[Helphand]

TFC Sunday 10 October, 2010: DBS / Muhammad Rafeeq

http://iamthewitness.com/audio/Muhammad ... 0-2010.mp3


00:00-10:00
DBS: A listener says November 2007 TFC broadcast predictions and analysis have come true.  Kleptocracy in government and finances is the marker of a failure of democracy / the system.  USD as reserve currency means US problems will be visited on the rest of the world.

Rafeeq: Destroying the USA is not a problem to the criminals since their game plan for last 300+ years is a caravanserai of locusts destroying one place and moving on to the next territorial victim leaving devastation in its wake.  WWI a Rothschild wanted to leave France and was allowed to take only 1mio Francs with him and taxed him 80mio Francs. Weimar Republic, Russia, Ireland destroyed, Netherlands bankers funding Strongbow to destroy Irish monarchy. Exporting 1st world to 3rd world,  expertise, loss of middle and back office jobs from UK to India.


10:00-20:00
DBS: Chinese Communism and Chinese Jews by Itsvan Bakony { http://fugaziquo.com/directory/library/ ... e_jews.pdf} written in 1930s. China always part of the network and triads not the only organised criminals. Singapore, Macau etc involvement of Chinese Jews in White Slave Trade.

Rafeeq: thinks the criminals were engineering an economic not financial crisis so present events have put their agenda back some years, moving to re-establish in India while the fractured economies of the USA, UK etc continue their downward path. The non-linear capital requirement/solvency system for banks etc put in place by them has led to unmanageable, unpredictable consequences, it was inspired by greed. USDollars being swapped for hard assets, one industry sector after the next will be collapsed in each economy so the criminals' own assets and companies are not the victims, this has led to slowing of their process. Ingratiation of Jews with the aristocracy to get titles and social standing.


20:00-30:00
DBS: marrano Jews are the billionaires in Mexico...

Rafeeq: ...heading up the drugs trade. Righteousness of the left hand of God nonsense.

DBS: foreclosures halted in USA as the enforcing banks cannot prove title of individual defaulted property mortgages from the portfolio of packaged mortgages backing the relevant securitised bonds.

Rafeeq: the game has dragged on also because they have avoided litigation so far, the difference between insolvency and bankruptcy is the latter is the result of a court filing and being found insolvent by the court so all the bankruptcy procedures then come into play {what about fraudulent trading and wrongful trading that I've read about in the newspaper? That relates to actions taken before any formal bankruptcy procedure steps occur, attacking transactions in suspect periods can reach back to before case filings - the interesting question is will those laws be invoked against directors and their controllers if a bank goes bust??} After Gordon Brown bailed out Northern Rock the deal was that there was to be no individual litigation and the accounts could be balanced in due course - but complexity of the situation and the complexity of insolvency laws has not allowed this to happen. Prime credit bonds will suffer ratings drops and cause knock-on effect on lesser credits.


30:00-40:00
Deutsche Bank finding in US enforcement proceedings it did not have legal title to pursue mortgage enforcement against certain real estate properties in USA. The pension funds etc which bought the bonds backed by securitised mortgages will start to sue for losses as a result of events like this. Whoever sues first and enforces will get paid out but it will be who is fastest on the draw. A stampede will happen once litigation starts. {so what will trigger that and can the Government Treasury Department/regulators STOP that before it starts under insolvency procedures / legislation protecting national interests?}

DBS: these bonds were sold internationally so institutions in countries everywhere will be affected adversely. Liars' loans, fraud at every stage of origination, packaging and selling the securitised end product.

Rafeeq: different property laws in different US States and the law differs so requirements were not met for all packaged mortgages. Mortgaged property allowed to be in hand of mortgage lender only not a third party's. These bonds effectively held illegal in several States now.


40:00-50:00
DBS: what if you used these bonds backed by mortgage portfolio as collateral for another transaction e.g. purchase of a company?

Rafeeq: the bond serving as collateral is effectively valueless as there is an embargo on litigation {is there?} so the collateral it represents is also valueless - so that could trigger an enforcement of the transaction which is itself collateralised {is that litigation barred too?} Pooled different mortgages from different States having taken view there would never be mass litigation, some tiny percentage of mortgage defaults was factored in - in France St. Etienne City bond default.

DBS: In the St. Etienne case City failed refused to pay 10mio of 100mio due on CDSs on grounds of fraud in origination etc. Would have to sue the City in its local courts so dubious practical prospects {would this apply if the document said other courts elsewhere had jurisdiction??} 781billion (of what?) across France.

Rafeeq: holders of bonds may claim doctrine of frustration or other remedies and go against those who arranged the securitisation deals.

DBS: across Europe that would be ... Goldman Sachs!

Rafeeq: the people that own the (Freddie Mac and Fannie Mae?) mortgage backed bonds will be the losers because Government will claim the bonds are frustrated and the bond insurers will also argue frustration as a defence. {If bonds frustrated then the transaction will presumably be unwound and repayment will be from mortgage borrowers and foreclosures once procedural errors sorted - the shortfall would then be claimed from the bond arrangers like GS and their lawyers, accountants, ratings agencies for negligence, fraud etc. etc.??}

DBS: Japanese carry trade and real Yen zero interest rates; gold shorts starting to fail in effect. Massive short positions by JP Morgan and other bullion banks failing against overpowering long positions.


50:00-60:00
Rafeeq: Japanese carry trade has collapsed, economy's imbalance. Have not pulled out of their unilateral depression after 20 years despite their having solid industrial and manufacturing base, the Great Depression itself lasted 50 years and was exited only in the 1980s.

DBS: Japanese banks bought foreign property e.g. in USA in 1980s, when in depression in the 1990s the USA properties were bought back for cents on the Dollar. Orchestrated implosion.

Rafeeq: Premier Mathahir Mohammed of Malaysia learned from the Japanese experience and was enabled to fight the currency battle, a scam less widely understood than the interest based scam. The Japanese banks were ripped off when they converted to USD to buy the properties and also when they exited on exchanging the USD from sales for yen. This in effect siphoned off the value of the Japanese manufacturing output.

DBS: the world reserve currency status of the USD and the resultant seignorage allow the USA Govt {aka the Fed!} in effect to add inflation on top of the dollars held as ~25-35% of reserves by other countries' central banks thereby depriving those held dollars of their value and transferring it to the US as an "income". The ownership of these central banks allowed the criminals to extort through usury and the plays on the USD.

Rafeeq: seignorage allows the Fed to make a profit on others' holdings of USD.


60:00-70:00
Amount of seignorage itself not in huge quantities, a small percentage of the total USD in issue; but USA has benefited from settlement of all current account transactions in USD as it is the international currency for settlement of current accounts; e.g. commodities prices in USD. If a deal to buy e.g. cooking oil with future settlement and the exporter's currency fluctuates against the USD before settlement then it means the exporter may have to pay more local currency to get the USD or less - if USD depreciates it is exporting inflation. {This sounds like an argument in favour of a World Currency!}
So the holders of e.g. euro and Nigerian pounds have to convert to USD and suffer possible losses (or gains) from currency exchange rate fluctuations between deal and settlement but the USA as domestic user of USD is insulated from that and derives a benefit.

DBS: once price of gold cannot be suppressed, it's the end. Only event then is a false flag attack or some other diversion of attention from the economic mess. {Check out Scott: Hidden Government (1954) on the export trade, usury and the inevitable result of "export or die"; also the other 20thc. Religious writers on the debt money system and its eventual result in war.}

Rafeeq: false flag right now is a dangerous option for them as people are more suspicious post-911 and all the fallout in form of illegal wars etc has woken many up.

DBS: 911 investigation has not only clarified the reality of what happened but also uncovered the shills for the deceivers.


70:00-77:00
The objective of the criminals is world domination and total centralisation. Eugenics, getting rid of the dullards, smaller population that is mind controlled. {R.H. Williams - 'The Ultimate World Order As Pictured in "The Jewish Utopia" ':
http://www.4shared.com/document/Z-yTDqI ... ldOrd.html  -- note confusing OCR version, narrative runs together with text from scanned page extracts form Michael Higger's book The Jewish Utopia which is its subject matter.} Heading back to a feudal system.

Rafeeq: Talmudists among the criminals do not think the goyim are equals but are only animals on 2 legs, Talmudists make up the vast majority of Jews, small minority of Torah-only and Zoharites.

DBS: watch out for the 90% truth, 10% dog-poop mix of the shills that are still out there! Email DBS sources, news links. Consider diversifying out of US Dollar holdings into hard assets, precious metals.

[mchawe]

Rafeeq: ............The Japanese banks were ripped off when they converted to USD to buy the properties and also when they exited on exchanging the USD from sales for yen. This in effect siphoned off the value of the Japanese manufacturing output.

I disagree with his take on the Jap Banks. He is quite wrong !
During the 1990s they did very nicely on the Carry Trade where they were able to borrow from the Bank of Japan(BOJ) at very low rates of interest and lend to the US Govt by way of buying US Treasuries. The spread was always about 3%. That meant when US Bonds were returning 10% the BOJ was charging the banks about 7%. As interest rates came down this spread was always about 3%. In other words the Japanese Banks enjoyed a risk free profit of 3%.
 This had two consequences
         1. It did nothing for the Japanese Economy but injected a huge amount of cash/credit into the USEconomy. There was no incentive for the Japanese Banking system to lend into the Japanese Economy. That is the fundamental reason for the Japanese on=going Depression.
         2. It drove up the US Dollar all  the way to 2002 when the US Dollar Index got to around 120.
The Japanese Banks didn't get ripped off. As long as the US Dollar stayed firm, they were laughing all the way to the bank so to speak.
Then when Greenspan reduced interest rates to zero, the Carry Trade was over and the Dollar started its decline. But it didn't matter much to the Jap Banks. They made a killing on the increase in value of the bonds which more than offset the post-Greenspan decline in the value of the Dollar
I suggest if anyone is interested, go to
 http://www.netdania.com/Products/live-s ... eList.aspx
and bring up the appropriate monthly charts which give you the big picture.
The Japs still have a TRILLION Dollars in US TBonds. This is embarassing for them. They don't feel comfortable holding this huge position but getting out means selling for dollars and converting to Yen. This puts terrible pressure on the exporting sector of the Jap Economy.
The reversal of the carry trade and the monster $1 Trillion puts immenese UPWARDS pressure on the Yen. Recently the BOJ intervened but to no avail !
For me gold/silver is the only game in town, but after that, if you want to play paper games, it is the Jap Yen.
There is a lot of confusion about Japan. The Japanese Government is heavily in debt to the tune of 200X GDP. But that does not apply to the Japanese Banks who own a huge chunk of US debt.
The other thing to bear in mind is that after World War II the Rockerfellers were in Japan, hot on Mcarthy's heels. No one here needs reminding that they are long term agents of the Rothschilds. After the Japanese surrender, it would be naive to assume that the Japanese banking system was given autonomy by the Rockerfellers. The Bank of Japan has to kowtow and accept orders as does any other central bank which is part of a privately owned network.If you are an integral part of the system, how can you get ripped off ? You can't !

The one thing that I didn't know before listening to DBS is the concept of Chinese Jews. If there are Chinese Jews, it stands to reason there must be Japanese Jews. I always believed the Japs were very firm about not admitting other races into their country. Any photos anyone ?

[Helphand]

Interesting take, assuming I got Rafeeq's sense down correctly (easier said than done sometimes for all...) . Certainly the central banks are all nodes on an international criminal network and may be regarded as complicit.

The purpose of this trial run of transcripts though possibly tedious is to provoke others' takes on all issues, within the bounds of reasonable plausibility at least.

Re: Japanese population, I think it is much less homogeneous than generally thought in the West even disregarding the well known Korean infusion. For present purposes even the dread wikipedia may suffice of a glimpse of the "indigenous" Ainu:

http://en.wikipedia.org/wiki/Ainu_people

Certainly IIRC there were Christian communities in Japan in the c16/c17  and Eustace Mullins among others attributed the selection of Nagasaki and Hiroshima for holocaust treatment under the Jew Hell Bomb to the fact of their having relatively significant numbers of Christians in their populations.

[Helphand]

Also, as noted elsewhere on TiU:

http://jewishfaces.com/china.html

Jewish Faces in Chinese Government
(UNDER CONSTRUCTION)

[Helphand]

Mamie G. Gamoran - The New Jewish History (Book 3) (1957) - From the Discovery of America to Our Own Day.

Published by The Union of American Hebrew Congregations, NYC and funded by the National Federation of Temple Sisterhoods "for the publication of Jewish religious school literature".

Chapter 29. -- FAR ACROSS THE SEAS

...
page 333

"You might have Jews from China but they would not be of that mysterious group of Chinese Jews who once lived in Kai-Fung-Foo in the interior of China. They were mentioned by travelers as far back as the ninth century. News of these Jews came to the outside world through Catholic and Protestant missionaries. During the 1800's an attempt was made by English and American Jews to find them. But Chinese warfare disrupted the country, destroyed the synagogue, and scattered the group. As late as 1932 another attempt was made to find them but it failed. Some of their ancient records, treasures of the past, are now in the library of the Hebrew Union College in Cincinnati.

The Jews now in China are Europeans doing business in Shanghai, Harbin, and Hongkong. Some are left of the thousands of Germans who found refuge in these far-off cities."