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Dollar tea party – will India
pick up chit?

By Wendell W. Solomons

Regarding the chit for this tea party, history has something to say.

To begin with, Oxford's large dictionary records that the word `chit' arose in India (just like the words `cash' or `cashier,' which were taken to Europe by the Portuguese in `caixa.') This `chit' developed in a system used by India's money dealers who settled accounts without carrying metal coinage within towns or between them.

To take the history of India's money dealers, one of their most notable stand-offs against their West Asian, Jewish counterparts arose in the 10th Century. By then the weight of haulage of the overland Silk Route was being transferred towards the sea Silk Route. Shipbuilding had advanced and produced better sailing vessels.

For this East-West sea route, venues such as the island of Lanka had grown in importance. Geography had contributed. (A) The island provided its own individual produce such as cinnamon, tropical hardwood for shipbuilding, rubies and sapphires. (B) The calm doctrine of the Buddha of 600 BC had also made room for the evolution of a market place for silk and tea from the Far East as well as for cotton fabric and other produce of the South Asian peninsula (`chintz' derives just like `chit' from Sanskrit.)

By the 10th Century a trader of the Middle East, say, Wahid, could have ten ships carrying wares obtained in Lanka by favour of financiers. These ten ships of Wahid would overwhelm trader Abdul's single cargo. To go from specific to general, by this time financiers were deciding which trader's behaviour could be adjusted by the dangling of a carrot to serve in increasing finance house revenue.

This revenue from trade, converted finance houses to an unseen power behind the throne of a king or a rajah.

At that time a taboo had arisen not only on Shylocking among Buddhists, Christians and Muslims but also on all money lending. Therefore here the battle lines for a clash came to be drawn between-

(1) South Asian financiers whose shops chose sanctuary near the Hindu temple (where they first kept the accounts of the Brahmins in symbiosis, they went upward later to become the power behind the prince) and,

(2) West Asian financiers whose shops nested near the synagogue (to cast an influence that the New Testament describes.)

Battle between finance houses

A finance house battle for turf leads to devastating events. A clash between money lenders had brought down historical Jerusalem in 70 AD for the population's capture for Rome for general Titus Flavius who was biding his time outside the city.

In the island of Lanka, the clash between the two groups of financiers caused Brahmins to draw in South Indian princes to the island. In the ensuing wars, military sappers extinguished the central Anuradhapura civilisation by repeated breaching of reservoirs during the 10th and 12th Centuries. The loss of water and harvests of food-grain forced the population southwards.

The clashes did not end in a loss of access for West Asian finance houses. Yet, such experiences may have contributed to their shifting control centres from Asia to Europe. Using social conventions such as First Cousin marriage ( "keep-it-all-to-yourself") and skills such as the chit system for bookkeeping, the financial houses flourished into the 15th Century with cities such as Venice serving as vocational bases (Shakespeare's `Merchant of Venice' provides a vignette.)

To avoid clashes over division of turf within the city, Venice adopted an administrative arrangement with a leader called the Doge (elected in the first instance in 697 AD.) Other cities including Genoa and Pisa elected their own Doges regularly, such cities growing rich through East-West trade.

Turf dividing was restricted here to individual cities; it was still not a full regional arrangement that covered, say, all of Southern Europe. So the accumulation of wealth ended up making powerful rivals of city republics, each vying to influence notables such as the Pope in Rome. Then in year 1493 Pope Alexander VI reacted to influence peddling with an edict to cut off the financial houses from East-West trade. His edict divided the world between Portuguese and Spanish Catholic kingdoms.

Chits of the Bank of England

Finance capital houses, displaced by the edict and by expulsion from Southern Europe, went north to consolidate in (a) the Bank of Amsterdam and then in (b) the Bank of England of 1694. They now reached the plateau of setting up `wholesaler' `central' or `union' banks to divide turf in the whole nation-state.

During the time they were cut off from lines of trade such as cotton textiles by the Portuguese colonial empire, the Britain-based finance clans substituted for Indian textiles by investing in plantations that began growing cotton in colonial America. The weaving of textiles was to be done outside America, by plan on power looms developed in Lancashire.

The development of this industry led on to-

(a) the industrial revolution in Britain and,

(b) the issuing and clearing by the Bank of England of chits that finally took shape as Pound Sterling banknotes. In the 19th and 20th Century these printed paper chits went on stage as international currency ("Good as gold bullion," as it were.)

With paper tokens gaining acceptance as international money, the Bank of England used brothers Paul and Max Warburg, relations of the apex Rothschilds. They originated not in the ethnic group of Biblical Judeans but among the Tartars of Khazaria, north of the Black Sea and towards the Aral Sea. Lavishly funded to win favour, Paul and Max Warburg took over US and German finances using the US Federal Reserve and the German Reichsbank and centralised the levers of control in their hands.

The apex Bank of England's Ashkenzim group squeezing out Sephardim, cultivated a reputation for philanthropy among Jews most notably through Lord Balfour's declaration (a typewritten letter dated Nov. 6th, 1917, and addressed to a Rothschild.)

Yet, this philanthropy did not make a showing against scapegoating during the Jewish holocaust. Far from it. The Bush dynasty arose in grandfather Prescott Bush who was given the task of denying Nazi anti-Semitism during protests in the USA Max Warburg in the 1930s.

The same Max Warburg signed with Hitler the letter of appointment of Hjalmar Schacht as head of the Reichsbank (Schacht had arisen as a personal protege of the Bank of England's governor.)

Max Warburg was not idly ogling beside the Nazis in Germany. Besides his role as lead financier, while the Nazi war machine was readied he also functioned till 1938 as a kingpin in industry creating and producing, for instance, synthetics, including poison gas, for use in Nazi aggression.

For motive of the appeasement of the Nazis – with the support of Warburg's financial group – we have to consider the glamour of breaking into Russia, the remaining major empire where financial houses had been kept from buying power behind the throne.

Yet, major miscalculation followed. Benjamin Franklin said, "He that's secure is not safe." The financial houses were to make the late discovery that the Nazi warmongers had plans not only to take over Russia. The Nazis had also developed plans for attacking Britain.

In the earth-shattering miscalculation, paid for with the 60 million lives that World War II was to cost, Britain was also weakened. In 1946 a Labour government nationalised the Bank of England.

Manipulation of the Pound Sterling could now be subject to Parliamentary glare. For a return to more opaque chits, the financial houses went across the Atlantic to the US Federal Reserve bank where Paul Warburg had been issuing a note from 1913.

The move to the dollar after WW2 helped finance the war in Vietnam with opaque paper. Dollar chits were also used to finance the five decades of the Arms Race, USA versus USSR. All residual references to gold were removed in 1971 (35 years ago.) Robert W. Sarnoff was moved to suggest: “Finance is the art of passing money from hand to hand until it finally disappears.”

Perils of the US Federal Reserve

Because a common currency would be convenient for the EU market and accounts, the Euro made its debut. The Euro is issued by a public Central bank as opposed to the Federal Reserve of private bankers.

So George Soros, a mythmaker for the financial houses, took offence and kept talking the Euro down in media when it reached 60 US cents. New York based George Soros, who labels himself a financial consultant, chooses to plant his slanted opinion across the Atlantic in London newspapers such as `The Times' with the calculation that he would be helped on by the BBC and Reuters who would take his words around the world to create an appearance that the wisdom descend from the Almighty.

In September 2002, now for US audiences, the same Soros warned in the `New Republic' journal: "when people pursue financial success without regard for other considerations, they become willing participants in initially self-reinforcing but eventually self-defeating processes."
What Soros tries to counter is the intrinsic result of the finance house takeover of US industry management. The new management has replaced productivity with record corporate opportunism.

The head of Enron, for example, the seventh largest US company, whisked away stockholders' and his employees' savings. He awaits sentencing to 25-years in prison. Man of letters Finley Peter Dunne once explained it this way: "High finance isn't burglary or obtaining money by false pretenses, but rather a judicious selection from the best features of those fine arts."

Today, consequences long forecast, sink the dollar to record lows against the Euro that has risen above USD 1.30. As more and more countries choose to look towards the Euro for stability, the chances increase that the world would send the dollar home.

In so far as analysis is possible in opaqueness, Nick Beams described in December 2006:

"The numbers involved have been described as `nothing short of frightening.' US government debt is now well over $7 trillion... total consumer debt is more than $8 trillion, and the government deficit is running at more than $400 billion.
"Towering over all these is the figure for derivatives, the financial instruments involving interest-rate futures, and currency swaps and options, described last year by financier Warren Buffet as `financial weapons of mass destruction.' The derivatives market now totals $180 trillion, equivalent to around 17 times US GDP. Any rapid movement in the US dollar, and consequent shift in interest rates, could well see the collapse of this vast financial superstructure."

For protection against collapse to the Euro, why did the US in recent years reduce its hostility towards both India and China?
A shift from hostility to guile would provide cover to gain barrier-free access for buying up factories and real estate in India and China so as to buffer financial houses before the fatal crash of the paper dollar occurs.

Trojan Horse exercise for India

Julius Caesar had observed, “ In extreme danger fear feels no pity .”

Anglo-American elite sped to Iraq and Afghanistan against French, German and Italian access to petroleum in the Middle East and Central Asia. As the world may now suspect, it was Europe that concerned the Anglo-American marauders and not weapons of mass destruction.

Together with unleashing holocaust in Iraq and Afghanistan, the Anglo-American action has fatally forced more outpourings of the dollar. For salvation, the dollar is forced to go for solutions of last resort.

To make believe that the dollar intends no survivalist acquisition of the Indian economy, the U.S graciously obliged with support for a truce in Kashmir. More, in connection with the export to India of civilian nuclear supplies, US Congress heard fawning speeches in December 2006. "India is a state that should be at the very centre of our foreign policy and our attention."

Rising with this speech, Congressman Tom Lantos celebrated a partnership based on "shared objectives of preventing the spread of dangerous nuclear technology to countries and groups that would use it for evil purposes."

So very recently the Clinton Administration had used a similar `Friends and Partners' extravaganza for Russia. This campaign took President Boris Yeltsin by storm and he was uttering public references to President Clinton as "My friend Bill."

The use of Trojan Horse strategy may be revealed by reference to Lawrence Summers, who as head of Harvard University charmed his way to an invitation to speak before an unsuspecting Reserve Bank of India in March 2006. Before gaining his credentials as Harvard head and before a tour as US Finance Minister, Lawrence Summers served for long as Chief Economist of the World Bank.

It was this World Bank Chief Economist who proposed in 1993: SHIP NUCLEAR WASTE FROM RICH NATIONS TO POOR COUNTRIES WITH LOW LEVELS OF RADIOACTIVITY.

Should you be surprised that this man beguiled his way into the Reserve Bank of India, you might note that his career amply reflects his belonging to the cabal with origins among the Tartars of the Black Sea.
In the 1770s Thomas Paine, the great agitator for American independence from Britain, observed the following:

"They ... contemplate government as a private monopoly and the people as hereditary property."

In 1776 Americans responded to that with the Declaration of Independence from the British throne. To speak technically, they also broke off from the private monopolies sheltered by royal writ under the Bank of England.

So finally in 1913, it was to coop America again under the private monopolies that Paul Warburg was sent to construct the Federal Reserve bank. The scammers sketched a pyramid on the one-dollar note for what else than to project people as their property, the human enslavement that was used for pyramid building?

Today, that diagram on the note provides an additional service in helping portray a giant pyramid scheme erected by the cabal.

The predecessors to this cabal had been banished from England by Edward I at the end of the 13th Century. Yet, finding favour later with the profligate Henry VIII, the fraudsters had returned in the 16th Century to become the power behind England's throne.

Jewish writer Arthur Koestler went out of his way to describe the ascendance of the original Tartars whose Khan and retinue adopted not Islam but Judaism in a 1976 book widely discussed on the Internet, "The Thirteenth Tribe: The Khazar Empire and Its Heritage", (London: Hutchinson and New York, NY: Random House).

Taking now the 2006 speech to the Reserve Bank of India of the former World Bank Chief Economist, it did reveal his anxiety, when read between the lines, about the aftermath of the pyramid scheme: "I will not reflect at length on the commentaries of the complacent. Suffice it to say that intangible investment as well as tangible investment in the United States has also declined..."

This Chief Economist was the man to whom a 3,000 word petition went in to keep from destabilising year 1993's US `friend and partner' Russia. In the face of today's fawning by Congressman Tom Lantos, we must note that the Chief Economist was alerted on time that nuclear proliferation would ensue if Russia was destabilised like any of the small states manipulated by World Bank social engineering towards a Hobbesian war of each man against the other ( www.geocities.com\worldcityessays\athens_7842_wcessay02.htm)

As US journalist Anne Williamson and research Professor Janine Wedel show, the year 2006 guest of the Reserve Bank of India is precisely the man who went on to "pass the cookie plate" to saboteurs of Russia such as his own academic pupil Jeffrey Sachs.

KEEPING PYRAMID SCHEME AFLOAT

Financier George Soros confirmed that neo-liberalism "is a false and dangerous ideology" in `The New Republic' journal. Yet, while Monetarist applications devalued Sri Lanka's currency some ten times, the Russian rouble was devalued thousands of times.

As dollar elites flatter India as `partner,' one has not far to look for samples of past goodwill gestures including anarchist social engineering, contrived by the World Bank and similar organisations so as to fragmentise India's ally Russia and almost all of India's neighbours. A study by the US journal "Foreign Policy" remained complimentary towards Sri Lanka but concluded:

"...Every one of India's neighbours is a failed or failing state. Bangladesh is in a critical state at 17th place, while Pakistan is at 34th along with Nepal at 35th while Myanmar and Bhutan are at 23rd and 26th places, respectively, with Afghanistan in the dangerous category at 11th place.
For the Anglo-American elites' Trojan Horse exercise for India, North Atlantic treaty ally Norway has long implanted itself in South Asia. In this, Norway, disqualified by primary definition because of its NATO status, blocks anyone else, including a team from Nelson Mandella, from peace facilitation for Sri Lanka.
Newspapers disclosed that Ambassador Jon Westborg had created historical precedent by importing on diplomatic privilege a container of equipment for eavesdropping on the Sri Lankan army that he handed over to militants fighting against the state. Yet, Norway kept Westborg its asset for South Asia by rotating him to the position of Ambassador in New Delhi.
Norway is also dispensing its oil wealth of recent origin in notable works of charity in Tamil Nadu (through NGOs in Chennai similar to the organisation in which Westborg first surfaced in Sri Lanka before he was put in a diplomat's suit.)

Norway may feed an anticipation that to keep from a division by Dravidian separatism of the Indian union, India must remove its market and money regulation after falling to its internal US lobby and ultimately to the US.

For its part, Dravidian separatism is a well-known structure. It was first used by the British flank of the financial houses as a threat in 1915 to confront the Free India movement of Mahatma Gandhi.

Left with the threat of world-wide exposure and fall, today's Anglo-American fraudsters cannot but hope that their chits would be invested in India before the Euro rises further and upsets their pyramid scheme.

Solutions

India has state banks today that could be alerted to a predator. The Euro zone becomes an ally because the dollar fights it. Yet, India has in Russia a familiar ally and has found in China a welcome new one.

After the G8 Summit held in St. Petersburg President Putin observed according to the `Komsomolskaya Pravda' on July 17, 2006, "they want us to let their banks in [so that later on they] can control our finances."

Russia and China lead the Shanghai Cooperation Organisation where India is an observer. Sri Lanka awaits an invitation from this organisation, which would serve to balance Norway's strategies in South Asia.

A tea party of centuries ends. Accepting its chit of debt will prove expensive to any taker.

© Wendell W. Solomons 2006

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