Mosul battle (13); the Fed

12-20-16   http://blogs.timesofindia.indiatimes.com/afp-journalists-diaries/the-road-to-mosul/

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12-21-16    Arbil:  Iraqi forces battling to retake Daesh’s last major stronghold – Mosul – have entered a planned operational refit, a top US general in the international coalition backing Baghdad said, the first significant pause of the campaign.

USAF Gen. Isler said the refit follows 65 days of “going at this at an operationally high tempo the entire time” includes repairing vehicles, resupplying ammunition and preparing forces for the next stage.          http://gulfnews.com/news/mena/iraq/iraqi-forces-battling-daesh-in-mosul-in-first-significant-pause-1.1949876

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 -Iraqis at the Khazer refugee camp, about 45 miles from Mosul, pleading for food during the distribution of aid on Saturday.   http://www.nytimes.com/2016/12/18/world/middleeast/iraq-mosul-islamic-state.html?_r=0

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 –Beards, mandatory under Islamic State rule, were trimmed at a mosque in Gogjali as civilians took shelter from nearby fighting.

(salmon color) ISIS area of control, Jan. 2015–Iraq on right with Tigris River coming from north; Syria on left with Euphrates flowing somewhat east of southward

 -ISIS area of control, Oct. 2016
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Refugee sites and Sites under construction:

 http://www.nytimes.com/interactive/2016/10/17/world/middleeast/iraq-mosul-isis-map.html

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Indonesian police said three suspected militants who were planning a holiday season suicide bombing were yesterday killed in a raid on the outskirts of Jakarta in the second imminent attack to be foiled in less than two weeks.  http://www.taipeitimes.com/News/world/archives/2016/12/22/2003661716

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The private papers of Nicholas Biddle (head of 2nd Bank of US and opposed fervently by Pres. Andrew Jackson), not released until more than a century after his death, show that quite early on the Eastern bankers were fully aware of the widespread public opposition to them.

Paul Warburg advanced at Jekyll Island, 1910, the primary deception which would prevent the citizens from recognizing that his plan set up a central bank.  This was the regional reserve system.  He proposed a system of four (later twelve) branch reserve banks located in different sections of the country.  Few people outside the banking world would realize that the existing concentration of the nation’s money and credit structure in New York made the proposal of a regional reserve system a delusion.

Another proposal advanced by Paul Warburg at Jekyll Island was the manner of selection of administrators for the proposed regional reserve system.  Senator Nelson Aldrich had insisted that the officials should be appointive, not elected, and that Congress should have no role in their selection.  His Capitol Hill experience had taught him that congressional opinion would often be inimical to the Wall Street interests     -E. Mullins:  Secrets of Federal Reserve    http://www.whale.to/b/m_ch_1.html

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  Vera C. Smith (Committee for Monetary Research and Education, June, 1981) writes, “The primary definition of a central bank is a banking system in which a single bank has either a complete or residuary monopoly in the note issue. A central bank is not a natural product of banking development. It is imposed from outside or comes into being as the result of Government favors.”     -E. Mullins    http://www.whale.to/b/m_ch_two.html

Congressman Lindbergh Sr. said, on December 15, 1911:  “The government prosecutes other trusts, but supports the money trust. I have been waiting patiently for several years for an opportunity to expose the false money standard, and to show that the greatest of all favoritism is that extended by the government to the money trust.” …           The paradoxical nature of the Pujo Money Trust Hearings (1912) may better be understood if we examine the man who single-handedly carried on these hearings, Samuel Untermyer.  He was one of the principal contributors to Woodrow Wilson’s Presidential campaign fund, and was one of the wealthiest corporation lawyers in New York. He states in his autobiography in “Who’s Who” of 1926 that he once received a $775,000 fee for a single legal transaction, the successful merger of the Utah Copper Company and the Boston Consolidated and Nevada Company, a firm with a market value of one hundred million dollars. He refused to ask either Senator LaFollette or Congressman Lindbergh to testify in the investigation which they alone had forced Congress to hold….

At the close of the Pujo hearings, the bankers and their subsidized newspapers claimed that the only way to break this monopoly was to enact the banking and currency legislation now being proposed to Congress, a bill which would be passed a year later as the Federal Reserve Act.  The press seriously demanded that the New York banking monopoly be broken by turning over the administration of the new banking system to the most knowledgeable banker of them all, Paul Warburg.      http://www.whale.to/b/m_ch_3.html

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Col. Garrison, an agent of Brown Brothers bankers, later Brown Brothers Harriman, had entree everywhere in the financial community. He writes of Col. House, “Col. House (major Wall
Street insider/coordinator) agreed entirely with the early writing of Mr. Warburg.”  Page 337, he quotes Col. House:

“I am also suggesting that the Central Board be increased from four members to five and their terms lengthened from eight to ten years.  This would give stability and would take away the power of a President to change the personnel of the board during a single term of office.”…

“One of the institutions outlined in House:  Philip Dru, Adminstrator  is the Federal Reserve System. The Schiffs, the Warburgs, the Kahns, the Rockefellers and Morgans put their faith in House.  The Schiff, Warburg, Rockefeller and Morgan interests were personally represented in the mysterious conference at Jekyll Island,” wrote W. Pegler in 1955.  …

On December 21, 1913, The New York Times commented editorially on the act, “New York will be on a firmer basis of financial growth, and we shall soon see her the money centre of the world.” …The December 24, 1913 New York Times carried a front page headline “WILSON SIGNS THE CURRENCY BILL!” Below it, also in capital letters, were two further headlines, “PROSPERITY TO BE FREE” and “WILL HELP EVERY CLASS”….

H.W. Loucks denounced the Federal Reserve Act in The Great Conspiracy of the House of Morgan,  1916:  ”In the Federal Reserve Law, they have wrested from the people and secured for themselves the constitutional power to issue money and regulate the value thereof.”  On page 31 Loucks writes, “The House of Morgan is now in supreme control of our industry, commerce and political affairs.  They are in complete control of the policy making of the Democratic, Republican and Progressive parties. “…

For many years, there has been considerable mystery about who actually owns the stock of the Federal Reserve Banks. Congressman Wright Patman, leading critic of the System, tried to find out who the stockholders were.  The stock in the original twelve regional Federal Reserve Banks was purchased by national banks in those twelve regions. Because the Federal Reserve Bank of New York was to set the interest rates and direct open market operations, thus controlling the daily supply and price of money throughout the United States, it is the stockholders of that bank who are the real directors of the entire system.  For the first time, it can be revealed who those stockholders are.  This writer has the original organization certificates of the twelve Federal Reserve Banks, giving the ownership of shares by the national banks in each district.  The Federal Reserve Bank of New York issued 203,053 shares, and, as filed with the Comptroller of the Currency May 19, 1914, the large New York City banks took more than half of the outstanding shares. The Rockefeller Kuhn, Loeb-controlled National City Bank took the largest number of shares of any bank, 30,000 shares. J.P. Morgan’s First National Bank took 15,000 shares. …

According to Wilson himself, he was allowed to choose only one man for the Federal Reserve Board.  The others were chosen by the New York bankers.   http://www.whale.to/b/m_ch_3.html

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