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Greg Palast | The Secret End-Game Memo

Society & Culture  (tags: banksters, finances, financiers, gregpalast, endgame, de-regulation, UStreasury, banks, bankers, criminals )

- 2112 days ago -
In the late 1990s, top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia


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Barbara T (431)
Monday September 9, 2013, 1:51 am
By Greg Palast for Vice Magazine

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

The Memo confirmed every conspiracy freak's fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers' secret End Game was Larry Summers. Today, Summers is Barack Obama's leading choice for Chairman of the US Federal Reserve, the world's central bank. If the confidential memo is authentic, then Summers shouldn't be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

To get that confirmation, I would have to fly to Geneva and wangle a meeting with the Secretary General of the World Trade Organization, Pascal Lamy.
I did.

Barbara T (431)
Monday September 9, 2013, 2:05 am
MORE on this:
This time on SYRIA and wars against Islamic countries.
Pass on if you think this is important.

Barbara T (431)
Monday September 9, 2013, 2:08 am
From Alternet:
Secret Agenda in Syria? Larry Summers and Cronies Opening the World to Criminal Banksters
Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.

September 4, 2013 |
In an August 2013 article titled “ Larry Summers and the Secret ‘End-game’ Memo,” Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street and U.S. Treasury officials to open banking to the lucrative derivatives business. To pull this off required the relaxation of banking regulations not just in the US but globally. The vehicle to be used was the Financial Services Agreement of the World Trade Organization.

The “end-game” would require not just coercing support among WTO members but taking down those countries refusing to join. Some key countries remained holdouts from the WTO, including Iraq, Libya, Iran and Syria. In these Islamic countries, banks are largely state-owned; and “usury” – charging rent for the “use” of money – is viewed as a sin, if not a crime. That puts them at odds with the Western model of rent extraction by private middlemen. Publicly-owned banks are also a threat to the mushrooming derivatives business, since governments with their own banks don’t need interest rate swaps, credit default swaps, or investment-grade ratings by private rating agencies in order to finance their operations.

Bank deregulation proceeded according to plan, and the government-sanctioned and -nurtured derivatives business mushroomed into a $700-plus trillion pyramid scheme. Highly leveraged, completely unregulated, and dangerously unsustainable, it collapsed in 2008 when investment bank Lehman Brothers went bankrupt, taking a large segment of the global economy with it. The countries that managed to escape were those sustained by public banking models outside the international banking net.

These countries were not all Islamic. Forty percent of banks globally are publicly-owned. They are largely in the BRIC countries—Brazil, Russia, India and China—which house forty percent of the global population. They also escaped the 2008 credit crisis, but they at least made a show of conforming to Western banking rules. This was not true of the “rogue” Islamic nations, where usury was forbidden by Islamic teaching. To make the world safe for usury, these rogue states had to be silenced by other means. Having failed to succumb to economic coercion, they wound up in the crosshairs of the powerful US military.

Here is some data in support of that thesis.

Barbara T (431)
Monday September 9, 2013, 2:11 am
Please go to the sources and read BOTH articles, which complement one another.

They are too long to post in full here.
Read carefully, first the Greg Palast one, then the Alternet one.
I think every person on the Planet, and certainly every person in the U.S., should be made aware of this.

roxy H (350)
Monday September 9, 2013, 2:19 am
Thank you B for getting Greg Palast on. When I first met Greg Palast we were discussing the oil and Venezuela. He was all crinkly clothed and looked like a bad detective in silly clothes. Until BOOM, out comes the journalist in him. I was blown away and impressed and a Greg Palast fan ever since. Then it wasn't long after that I met Will Potter. So, blessed I am. Because I Have continued to meet the most amazing people that have dug up the truth. Palast had Bush nailed to the wall years ago with the FIRST Bush. And, it just kept growing with the greed and corruption. Last thing he said stuck in my head "follow the oil trail" Always. And he was right-on, and I have... absolutely adore that man, THANK YOU B!

Carole Sarcinello (338)
Monday September 9, 2013, 3:58 am

I agree Roxy! I have been a Palast fan from the first time I read him.

Thanks for posting, Barbara.


Susan Allen (219)
Monday September 9, 2013, 6:28 am
I must admit Palast is new to me, but this article has totally blown me away. I mean I knew we did not want Summers as Fed Chair, but didn't really understand the all of the fine nuances as to how and why it is so important. This is all very disturbing. Noted and shared widely.

Past Member (0)
Monday September 9, 2013, 7:19 am
Thanks BM-bookmarked 4 tonight.

Syd H (48)
Monday September 9, 2013, 7:54 am
Wow. Smoking bank vaults. :(

I started passing this one on even before I read the comments here telling me to do just that. Thank you BMutiny for all your efforts in this. :)

Barbara T (431)
Monday September 9, 2013, 9:56 am
A tiny bit of HOPE?
Each and every single one of us - EACH AND EVERY SINGLE ONE OF US -
can write, telephone, e-mail, petition our legislators.

And I assume a LOT of you have done at least one, or more than one of those things!

Your 2 Senators can be reached at The President at

Senators' address is U.S.Senate/WashingtonDC 20510; Pres. is TheWhiteHouse/WashingtonDC 20500
Your REPRESENTATIVE is U.S.House of Representatives/WashingtonDC 20515

Phone numbers in the Congressional Directory, on-line or in your Public Library.
Hope this is helpful.
My Representative, anti-war Jim McDermott {D}, says they are getting UNPRECEDENTED numbers of phone calls...
You could call, write, etc. every day!

Barbara T (431)
Monday September 9, 2013, 10:01 am
The above is to STOP WAR WITH SYRIA.

People in the MILITARY are speaking out on this!

We can maybe at least put a temporary monkey-wrench into the Banksters' murderous plans....
There are also demos scheduled, and demos happening, but not all of us can get to those...
We can all COMMUNICATE, however, and NOW is a Crucial Time to do so!

THANKS, everybody, for one way or another, "throwing our bodies into the machine" to try to STOP it...

Barbara T (431)
Monday September 9, 2013, 10:03 am
[Can also write, phone, etc., to protest Summers as Fed Chair, while we're at it...]

JL A (281)
Monday September 9, 2013, 10:28 am
Thanks for helping people connect the dots via Greg Palast!

Razzbarry F (26)
Monday September 9, 2013, 1:50 pm
In Solidarity with all

Past Member (0)
Tuesday September 10, 2013, 12:54 am
I call it bancocracy...

Don H (45)
Tuesday September 10, 2013, 2:59 am
The real enemies of the nation are not in the Middle East. That's all I will say on that.

I do not believe in the Administration's explanations on Syria.

I had already signed a petition on the Larry Summers thing.

Thank you, BMutiny.

Jim Phillips (3247)
Tuesday September 10, 2013, 11:13 am
Elizabeth Warren introduced a new Glass-Steagall bill to stop Wall Street banks from gambling with the life savings of regular families.
It will also help prevent future bailouts.


Our country cannot afford to have Larry Summers as chair of the FED.

PETITIONS: Larry Summers, Petition against FED Chair
Google search: Many by different organizations against Larry Summers
as Chair of the FED,+Petition+against+FED+Chair&ie=UTF-8&oe=UTF-8

The person best fit to lead the FED is: Janet Yellin.

Ty, BMutiny.

Michael M (60)
Tuesday September 10, 2013, 2:29 pm
Just a general note.

Forbes admits to close to 15% in the USA

RT, one of the non-US sopurces to which I must increasingly go for news as the usual garbage-spewers leave a foul taste in my mouth for their warped perspectives, lies, and slavish parroting of US govt lies, has an interesting view:
"For now, 58.7% of American adults are working if the actual employment-population ratio is taken into consideration, leaving about 82 million, or almost 41%t of people unemployed. "

Certain population segments and certain areas have yet higher rates.

I'm not sure what a "regular" family is, as they can run the gamut of crazily overpopulating large ones, to traditional and alternative families, and others. Since 50% of marriages end in divorce, I suppose divorcees are regular families, too. So we might just expand our compassion beyond what we previously believed.

Michael M (60)
Tuesday September 10, 2013, 2:42 pm
The story posted above, suddenly reminds me of Conrad's "Heart of Darkness" the central of three stories about colonialism, international cruelty, exploitation, and fear.

The WTO and ALL other international agreements on trade that elevate corporate profit over national issues like environment, are some of the worst ethical tradeoffs that human have ever made in this time of nation-states. The excesses of these entities may require the development of another way of social existence.

Michael M (60)
Tuesday September 10, 2013, 2:47 pm
By the way,
The last couple paragraphs relate just why I could not, and did not vote for Obama. ALthough many believed his line of "hope" his actions and associations clearly showed him . I voted Green, as no better option is available.

Jonathan Harper (0)
Wednesday September 11, 2013, 4:18 am

Marty H (119)
Wednesday September 11, 2013, 8:35 am
Thanks and noted! Interesting article!

Sheryl G (359)
Wednesday September 11, 2013, 2:48 pm
Thanks for the article I have great respect for Greg Palast. Thanks Jim for the petitions am signing. I'll also leave this link on one of my send outs, is certainly worth reading.

There are many that should have their faces behind bars but do not. One can only hope that with more light upon the situations and the criminals that are behind it; that eventually those with the ability to do so will take it upon themselves to start the wheels of justice.

We each must do our part in bringing the truth out, bringing the light to the darkness.

I also would not vote for either major political Party as I have felt both were too embedded by this disease of corruption and also voted for the Justice Party to help them kick off. One day I hope our choices will be the better of two goods like the Justice Party and the Green Party, rather than the lessor of two evils as the last election was spoken of by many.

Christeen A (300)
Tuesday September 17, 2013, 2:02 pm
Good post. Thank you.

Charlene Rush (79)
Tuesday September 17, 2013, 2:28 pm
I truly believe that President Obama is very often, caught between a 'rock and a hard ball'. Many times he has had to nominate people that he himself, under normal circumstances (whatever that is), would reject.
Trying to get bills passed when you have a obstructionist Republican party blocking your every move, must be extremely frustrating.

The fact that he hasn't lost his sanity, can be attributed to his high intellect.

Barbara T (431)
Tuesday September 17, 2013, 3:19 pm
I think President Obama may also be being pressured and Blackmailed - he has a lovely family, and there have certainly been enough threats -
I think most {or all} Presidents after Kennedy's assassination, which was actually a Coup d'Etat, are "under the gun" to serve extremely wealthy Corporate and Bankster interests; and that this isn't a nutty "Conspiracy Theory" at all.
I think President Obama is trying to do good where he can, as in supporting Marriage Equality and other Gay Rights - the Banksters and Corporations don't really care about that, they're allowing him this bit of leeway to maintain his popularity...
The Military-Industrial-Corporate-Prison-Media Complex actually rules...
We can with our Petitions, Votes, Choices, etc. just try and MODIFY the worst of the ill effects...

When we OVERWHELMINGLY express our Public Opinion, that teaches them they have to modify their LIES a bit... to keep us "content" and maybe afraid...
War is SOOOO good for Military Bu$ine$$!

SuSanne P (193)
Tuesday September 17, 2013, 4:25 pm
Thank you Barbara. Forgive me for missing this when you first submitted, but thank you Dandelion for bringing it to my attention. I have read and watched many WHISTLE BLOWER (LOL) FACTS, " putting the dots together" as of late. Such well planned corruption doesn't surprise me, but sickens me. RE: your last post Barbara I have felt for a long time O'Bummer is not the Chief. I feel he holds the title of Prez only. BUT I believe he is a brilliant man and is paying the price for HIS indiscretions, ie: GREED whatever and whomever he associated with. I am not as educated about Plast as I will soon be. Thank you for a brilliant submission.

SuSanne P (193)
Tuesday September 17, 2013, 4:28 pm
I am now signing all the petitions you submitted Jim, and thank you for always sharing your information with us.

Lois Jordan (63)
Tuesday September 17, 2013, 4:32 pm
Noted. Thanks so much for posting, Barbara! Great article by Palast. I notice that Clinton was complicit, too, or it wouldn't have happened under his watch. Can't forgive that.
I hope everyone shares the info regarding those countries who don't believe in usury....and the fact that each has been vocally targeted by the U.S. for military attack at some time in recent years. Dubya made this clear when he named them. Sorry to say that Obama has just continued the Bush Doctrine. Anybody hear of an Obama Doctrine yet? Maybe we should get some sort of "campaign" to push him to create his own.

And, don't forget the TPP (Trans-Pacific Partnership) trade agreement that is being done in secret....even from Congress. I've sent messages to my Congress members to not let this pass in secret---their constituents have a right to know what's in it, and Congress needs to debate its passage. Then, we need to make sure it doesn't pass.

Lois Jordan (63)
Tuesday September 17, 2013, 4:34 pm
BTW, for those who haven't heard, Summers has removed himself from possibly becoming head of the Fed. There's a massive push for Janet Yellen, and it looks good for her as I'm reading it now. But, let's keep up the momentum.

Barbara T (431)
Tuesday September 17, 2013, 4:47 pm
YAY! sometimes we make a LITTLE headway... ya suppose all our "agitation" had somethin' to do with it?
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