William Engdahl is an investigative journalist, author, and academic researcher. His new book, "Genetically Modified: Inside the Secret World of the GMO Revolution," details how the Rockefeller Foundation and the Bush administration conspired to create genetically modified crops.
00:00:52.000Well, we're already about 25 minutes into our interview with William Engdahl, investigative journalist, author, academic researcher, amazing individual.
00:01:42.000Going back 20 years ago, they had meant spiders with goats for body armor.
00:01:49.000It is completely out of control, and I've had all these top genetic engineers, people that were running major companies making millions a year, and they would feed a new potato with one gene changed to the rats, and half the rats would die.
00:02:03.000And then if you kept feeding it, they'd all die.
00:02:05.000And they'd say, we've got to tell the public.
00:02:26.000They're finding mutations after gestation.
00:02:30.000Which they'd always thought you got deformities, you know, during early embryonic development, but they're finding rats and guinea pigs and things are getting deformed.
00:02:43.000And having deformities with organs and things after they're born.
00:02:46.000I mean, this is mega massive, ladies and gentlemen.
00:02:50.000That's some of the things I wanted to throw out there, because this is so diabolical.
00:02:54.000I know he says it gets into all that, but I want to get your take on that.
00:02:57.000So continue walking us through this story that you cover in your amazing investigative book, sir.
00:03:03.000Let's take the geopolitics a step further in time and go to the year 1992, some time after this whole GMO project was started by the Rockefeller Foundation, and we have a meeting, a closed door White House meeting, unpublicized, between George Herbert Walker Bush, the president at the time, and the president of Monsanto in St.
00:03:26.000Louis, the leading patenter of genetically modified seeds, and also the chemical herbicides that are uniquely suited to those GMO seeds, like Roundup Ready Soybean Seeds and Roundup Herbicide by Monsanto.
00:04:18.000So, Father Bush signed an executive order that is called the Substantial Equivalence Order.
00:04:25.000Now, listeners should write that down and study that word and look it up under Google, because it's worth looking.
00:04:32.000Substantial Equivalent means, according to Bush, according to this executive department order in 1992, The GMO corn or GMO soybean is to henceforth be treated As substantially equivalent to a normal ear of corn or a normal sprout of soybeans.
00:04:50.000So they wave a magic wand, no more testing, no more nothing, put whatever you want on their plates, add other animal, insect, plant, DNA to it, just, just, just, I'm, I'm, I'm the judge, jury, I'm now the EPA and the FDA, I wave a wand.
00:05:05.000The EPA and the FDA then was, was staffed by Monsanto people or people from DuPont and In a revolving door system, and they would write the rules for the EPA, the EPA would accept the tests of Monsanto as Bible truth, and never second-guess them.
00:05:23.000I mean, the criminal conflict of interest here is just staggering, and most Americans think, well, we have a Food and Drug Administration that is mandated to protect the food and health of the American people.
00:05:35.000Well, guess again, ladies and gentlemen.
00:05:38.000They aren't doing that in Washington since at least 1992.
00:05:41.000Briefly, briefly, I just want to add this and I'm going to try to let you go, there's just so much, I want to back up.
00:05:45.000Remember the different university studies they did in the US and Europe where they found that if an authority figure said kill one in a test, they thought in the university they were really killing people.
00:05:58.000Ninety plus percent of the time they would commit the murder just because an authority figure told them it was okay to do in a university study.
00:06:21.000Well, one of the most famous cases of whistleblowers, a dear friend of mine, Dr. Arpad Pustai, who was interviewed in Scotland, and he was fired from Rowett Research Institute at the time, 1997.
00:06:34.000He was the world's leading GMO researcher and thought it was a positive boon for mankind, a solution to world hunger.
00:06:42.000And he did exactly the kind of research you're talking about, with laboratory rats and potatoes.
00:07:34.000He's more than willing to talk about these dangers.
00:07:38.000But as he puts it, basically the British government was willing to make the population human guinea pigs and something that should be At the very, very minimum, 20 or more years of long-term, totally controlled animal studies before the genie is released and set forth on the human species.
00:07:57.000And by the way, you just glazed over that.
00:09:19.000Epoceet, the president of Epoceet, gave a press conference.
00:09:23.000He was just as Pleased as punch to announce this to the world.
00:09:27.000And he said, back behind me we have a greenhouse full of spermicidal corn.
00:09:33.000That is corn genetically modified so that men, this is not animals, men who eat this corn will become sterile.
00:09:42.000And it's a spermicide, it kills sperm.
00:09:45.000And he said this is a solution to the world population problem.
00:09:50.000Now, if you live in Mexico, you know how, or if you even travel through Mexico and Central America, you know that corn is a staple of the peasant diet.
00:10:00.000And that's going to jump into other corn, open-air planted, just like protegene, with the AIDS virus jackets in the corn, and then that happened eight years ago and was quietly covered up.
00:10:27.000people on in the right mind would do something like this but as he put it and he worked on the jason project with the pentagon as a biologist and so forth knew a little bit the inside story said not everybody is in their right mind And that, I think, sums it up.
00:10:41.000There are people in a power elite, For them, power is a self-feeding aphrodisiac of some perverse sort that I don't fully understand, but they are different from ordinary human beings.
00:10:54.000Human life is, for them, simply an externality.
00:11:00.000Their friends are provided for as they see fit than the rest of the human species.
00:11:42.000I mean, these are maniacs and they get off Unlike driving a car at 100 miles an hour around jagged turns, a lot of Hollywood folks do stuff like that and get killed, like James Dean.
00:11:58.000And now, go back a little bit to the 1950s, because the Rockefeller Foundation again was behind this project called the Agribusiness Project of the Harvard Business School.
00:12:12.000John W. Davis, who was a former Assistant Agriculture Secretary under Eisenhower.
00:12:16.000Ray Goldberg, who is still kicking at age 91 and sits on the board of several GMO companies.
00:12:23.000Goldberg and Davis created something called agribusiness.
00:12:29.000And what their goal was, was to vertically integrate the entire food production, processing and distribution into a mega-industry, globalized.
00:12:41.000First in the United States and then globalized in the last 15-20 years.
00:12:46.000And in doing so, and then adding as the icing on the cake, patented seeds, GMO seeds.
00:12:53.000In a few years there'll be seeds secretly filled with Terminator.
00:12:58.000Ostensibly to protect patent rights of Monsanto et al.
00:13:03.000They will have control and they will be able, in a military sense, to exercise strategic denial.
00:13:09.000If a country like Iraq or Iran or Zimbabwe or any other priority hate object of a particular Washington government, God forbid that we would ever have a government which doesn't exercise reason and justice in Washington, But in case that were to happen, and they would simply say, okay, Monsanto, cut off the seed supply of Zimbabwe.
00:13:35.000Cut off the seed supply of Azerbaijan.
00:13:38.000And they've been running around, grabbing up, paying ten times what it's worth, in one case I saw, for heirloom seed companies.
00:13:44.000They've bought up almost all of them, and they hoard the seeds, shut them off, no longer sell them, let those seed lines die in the public.
00:13:52.000domain, and then in places like Iraq, where they have captured clients, they're forcing total conversion over to the GMO, and then it's jumping in to all of its naturally occurring variants.
00:14:08.000Well, Iraq is a particularly strategic area, because Iraq is the ancient biblical Mesopotamia, the cradle of civilizations.
00:14:19.000The valley between the Tigris and Euphrates was the first cultivation of wheat.
00:14:25.000And they have more wheat varieties in a seed bank in Iraq before the last war.
00:15:10.000In fact, a Monsanto executive, what, nine years ago, was actually even in the big Eugenics publication, the front National Geographic, but they even admitted there they had the quote to paraphrase, well we're just going to infect everything with our genetics and then use courts to basically take over those companies.
00:15:58.000I just got so busy, I haven't bought it in bulk from them.
00:16:00.000I haven't read it yet, but I'm sure it's excellent.
00:16:02.000I carry some other Well, I think your readers would find it more than worthwhile, and I would be very happy to have you.
00:16:09.000Well, we do carry some books on GMO by some other great scholars, but this guy's dead on, great researcher, but he's good on the full spectrum, speaking of that term.
00:16:18.000Other guys we have on seem to be specialists, you seem to be somewhat of a generalist, but also with a lot of detailed knowledge in each area, that's what I do.
00:16:24.000But yeah, give out the phone number, give out the website, tell folks about the book.
00:16:29.000The book is available through Global Research, www.globalresearch.ca for Canada.
00:16:36.000The book is called Seeds of Destruction, The Hidden Agenda of Genetic Manipulation, F. William Engdahl, and it's available.
00:16:46.000I don't have the current price in mind, but if you go direct to the publisher, the Published USA price is $24.95 and if you go direct to the publisher you get this, I believe, a discount on that.
00:17:00.000Now, do you have a personal site or you just write for them?
00:18:34.000I want to move Bob Chapman, when he calls in 10 minutes, back about 15, because I want to finish this up, and I've been adding a lot, but I know he's got more he wants to add.
00:18:44.000Okay, we can go to a few minutes after the hour if that's okay.
00:19:21.000I would like to, maybe we'll pay for a satellite uplink and do it, I would like to interview you for another, I'm going to make a, you haven't seen my film Endgame, I'm going to make a similar film, it won't be Endgame, about all this and it'll reach millions of people.
00:19:35.000I would like to interview you and others for that film coming up in the next year.
00:20:41.000We're going to go live right now, and I want to talk about some of the victories we've had, and then I'm just going to give you the floor in the last five minutes.
00:20:47.000Other hitting key points here for the listeners.
00:21:56.000But when the people said no to human growth hormone in the milk, they just passed laws where you basically can't label it.
00:22:04.000Or when the people said we want organic food and started buying it, they just passed a law saying it can be 75% inorganic, genetically spliced, and they'll call it organic.
00:22:33.000They come in and plant their seeds, and they've caught retired Royal Mounted Police literally throwing GMO seeds into the gutters by fields.
00:22:58.000Well, to go back to this project from the 1950s, to give readers an idea, this project is very concrete.
00:23:05.000You know, if you think of some vast abstract conspiracy, then you feel hopeless and overwhelmed.
00:23:10.000But it's very concrete, and I think that's important.
00:23:13.000That's what I try to do in all of my books, to give people a sense of the actual concrete individuals who are doing this, the actual concrete institutions, and so forth.
00:23:24.000And this agribusiness project I think is absolutely essential to understand.
00:23:29.000You go into a supermarket today because of modern advertising, most American shoppers think food is grown in a supermarket at the Giant or Walmart or what will you.
00:23:41.000And this is a product of something called agribusiness.
00:23:44.000You no longer have the possibility to go to a farmer's market in most parts of the country.
00:23:50.000Similar thing in Europe, although you do still have institutions in France, Germany, and elsewhere of these weekly farmer's markets.
00:23:58.000But more and more of those are getting agribusiness tomatoes from Holland or South Africa or whatever.
00:24:08.000The vertical integration of the food chain in the hands of three or four giant multinational companies.
00:24:16.000The grain trade is in the hands of essentially three giant corporations.
00:24:20.000One of them, Cargill Corporation, is a private family-held corporation.
00:24:26.000The former chairman of it, Whitney McMillan, was a Skull and Bones member along with the Bush father and son at Yale University.
00:24:36.000They have more power than most governments.
00:24:39.000They determine the power, and this I documented in on-the-spot research talking to principals involved at the European Commission in Brussels and Belgium back in the 1980s.
00:24:52.000They determine European Union grain policies.
00:24:56.000They were the ones who determined that the grain mountains would be eliminated in Europe and also in the United States just in time for their policy of
00:25:07.000uh... biofuels uh... burning corn burning different uh... crops like uh... canola rapeseed uh... as is automobile fuel instead of using it for the for the human food chain of the animal food chain and what is that done in the last three years since two thousand five in the bush administration provided these huge incentives for biofuels to farmers uh... half of the corn crop of the united states of america is burned for For transport fuels.
00:26:18.000They're listening live, and it's magnified as it spills out onto all the web channels.
00:26:21.000And it's important, viewers, to not just put this up on YouTube and Google, but other tracks, because we've got YouTube and Google erasing a lot of our stuff.
00:26:31.000But hit the enemy at every other point.
00:26:34.000Let's come back and wrap this up for folks, the fact that this really is a military operation, as you said, and kind of go back to the beginning, back to the start, so we can recap the fact that the eugenicists, as you document in your book and your research, started all of this, and any other points you want to make in the final five minutes we have, okay?
00:26:57.000Well, Alex, I'd like to make one very crucial point.
00:27:01.000A lot of people are of the impression That this is all a question of corporate greed.
00:27:08.000Monsanto has corporate greed, Sengenta, Dow, DuPont, and so forth.
00:28:14.000I went through four years of university with some of the scions of these families, the Rockefellers, the Firestones, the DuPonts, and so forth.
00:28:24.000They are not charming people on a one-on-one basis.
00:28:28.000I would maintain that they are, in a clinical, classical, psychoanalytical sense, highly paranoid people.
00:28:37.000Terrified that the masses, as they see it, the hordes out there, are going to steal everything they've grabbed and accumulated over the decades.
00:28:49.000And therefore, I think they've gone to these lengths.
00:28:53.000It's a perversion that's taken on a life of its own, but it's literally, at this point, To the point where if we don't roll this back in some way or another it may already be too late in terms of GMO.
00:29:08.000Some serious scientists think that that may be the case.
00:29:12.000I think not so long as in Western Europe there is massive resistance on the grassroots level against GMO.
00:29:20.000The governments have not been able to satisfy Monsanto and the other Gene Giants in terms of promoting this in Europe because there's too much backlash against it.
00:29:32.000They have had extreme difficulties in Asia, in China, in Africa and so forth.
00:29:39.000And so it hasn't, they haven't gotten, they tried to pull something off at the Rome Food Summit in June.
00:29:47.000They made an extra effort to play up the world hunger emergency with the tripling of the price of rice, the basic food staple of more than 1.5 billion people or 2 billion people across Asia.
00:30:02.000And they invited Pope Benedict as a personal distinguished guest to the conference in the hopes that he would give a papal blessing to GMO as a solution to the world hunger crisis.
00:30:18.000I won't go through all the details as it was told to me by people in Rome who are highly informed, but thank the Lord that he didn't do it, but that just shows you that this And suddenly the theme of world hunger disappeared from the agenda.
00:30:50.000And I also want to add, it's not just the elites.
00:30:53.000You've got, like in Blade Runner, little shops in Hong Kong and in South Korea, as you know, where they're privately, little families, little companies, are splicing rhesus monkeys with jellyfish that glow in the dark, and that causes all sorts of viral releases from DNA, bacterial mutations.
00:31:10.000We've had a lot of scientists on about that.
00:31:12.000So there's also all these other crazy rogues out, literally playing with Shiva.
00:31:39.000Just the faster that can come out, the better, so we can really get control of this and then have heavily transparent research and maybe even have some GMO.
00:31:49.000but it's got to be done very, very slowly, very, very carefully.
00:31:53.000Do you agree that some of it's okay if it's controlled properly?
00:31:56.000No, I think the methodology of GMO is reductivist in a scientific sense and utterly flawed.
00:32:04.000So, so, so, you believe... The key canon approach is that there's no way that this could be stable.
00:32:08.000There may be in the universe of possibilities some way that it can be.
00:32:24.000Okay, sir, I'm going to have Trey call you.
00:32:26.000That professor, Arlipied, I interviewed him twice, then the computer we had and transferred the number got lost, so I never got him back on.
00:32:35.000Let me have Trey call you in about ten minutes, let you have a break, and can you give me his email or his phone, he's been on several times, you can just Google that, so I can get him back on, and then I want to have you on in about Two weeks when the book comes out, I want to carry it.
00:32:50.000I've read some of the synopsis of Full Spectrum Dominance.
00:33:42.000Because my children have no future if we don't do that.
00:33:46.000So I'm just saying, yeah, no, I mean, I would, but I'm saying if you sell published like on some on-demand thing, or are you printing up a bunch yourself?
00:33:53.000No, it's Books On Demand, Lightning Source.
00:33:58.000Then I know that's cost prohibitive for you to even be able to sell them to me in bulk, because they charge you so much.
00:34:05.000You want to look at... Have your guy get to me on Some of the terms and maybe we can work something out.
00:34:19.000You'd do much better to say have three or four thousand printed yourself and then sell them to wholesalers like myself, like Global Research, and with ten contacts like that.
00:34:53.000Okay, well, listen, we'll get you up for a couple hours on Full Spectrum Dominance in a few weeks, and I want to have you back on for maybe an hour sometime in a few months about those elitists you went to school with.
00:35:04.000We've had other people on, academics who've been in school with them, to describe the evil I've had their roommates on and things.
00:35:51.000In the next 51 minutes, we are joined by Bob Chapman.
00:35:54.000Now, coming up at the bottom of the hour in 20 minutes, we'll open the phones up for 9-11 Truth, economic questions, anything you want to discuss, but so much has been happening.
00:36:03.000Unbelievable discussion we just had with F. William Indahl in the last hour.
00:36:09.000But Freddie Mac, Fannie Mae, Fannie Mae, Freddie Mac, All the things that are developing.
00:36:40.000Also, he and Gary Allen were partners.
00:36:43.000That woke me up when I was a teenager reading None Dare Call Conspiracy.
00:36:47.000I'd already heard it all in history and read it, but it really brought it home, the big picture, how they control the left and right, the communists and the fascists, the socialists.
00:36:54.000So he's just an amazing person, and we're glad we can have him on to pop in this week and spend time with us.
00:37:00.000Bob Chapman, it is good to have you here.
00:37:03.000But since it's 9-11, first give us your take on the 9-11 cover-up.
00:37:08.000It seems as collapsing with all these big names coming out and saying an investigation is an inside job, could be an inside job, the biggest comedian in France, friends with Sarkozy, congressman, more congressman coming out, a guy with millions and millions of followers, Of course, Ralph Nader on earlier saying, yes, our government stages terror attacks.
00:37:29.000Our people are in New York and all over the country right now handing out free DVDs and pamphlets.
00:37:35.000They're saying everybody's coming up taking the stuff.
00:37:37.000Almost everyone believes it's an inside job.
00:37:41.000Your take on that and then the economy.
00:37:44.000Well, my take on that is it's about time.
00:37:48.000And people are so slow to react as far as 9-11 is concerned.
00:37:53.000They like to put it in the back of their mind.
00:37:56.000Nobody I knew, so to speak, get killed there or get injured there.
00:38:01.000And so let the government sort it out.
00:38:04.000Well, I believe anybody who saw what happened that day in the collapse, the professionally collapsed building, knew right away that something was dramatically wrong.
00:38:20.000And so people are finding out and they're becoming more outspoken about it.
00:38:25.000And I think in time there will be finally a real investigation to find out who did what to us.
00:38:35.000And it's because of people like yourself and others who have gone out and gotten tremendous amounts of information on the subject and disseminated it to the public like you are right now.
00:38:47.000And Maybe, after the next election, maybe we can get something done about it.
00:38:53.000Well, you just brought up a point there.
00:38:56.000It was meant, you know, everything the globalists do is gauge for different strata.
00:39:39.000And that is, you keep your mouth shut and go along with the program, and we won't bother you.
00:39:45.000If you don't, you're going to have problems.
00:39:48.000And that is through the Patriot Act and other legislation that's been passed.
00:39:54.000And for those people who are really outspoken, many of them seem to suicide themselves.
00:40:00.000And so I think that was the threat, and I think they did it in Oklahoma City as well.
00:40:06.000So it's an open, and then cops spoke out and said the feds did it, and they murdered them and tortured them to death, and then laugh and say it was suicide, cutting them all open.
00:40:14.000A cop of the year turns yanky, and others, oh, you saw feds there, well you're just dead, cop of the year, saved all those people.
00:40:19.000How about we torture you and find out who else knows what's going on?
00:40:22.000And their fellow cops shut their mouths and said, absolutely, murder us whenever you want, we love it, basically.
00:40:27.000But some police have expressed, it's just so pathetic to see this going on, but You're absolutely right.
00:40:35.000It is an open threat to everyone, and it is meant to be a threat to those of us that are in the know.
00:40:41.000But I think the elites were going according to an old paradigm, an old attack paradigm, an old attack profile, when they had media dominance.
00:40:50.000Now they don't, and I really think that they are on the run on many fronts and are not very happy how 9-11 ended up for them.
00:41:18.000There's going to be a day of reckoning, and I know that, and that's why they're frantically running around.
00:41:25.000As Mr. Engdahl said, they're afraid they're going to lose their wealth and power.
00:41:31.000And Alex is people like you and I who are going to take their wealth and power away from them through our court system by exposing what they're doing.
00:41:43.000That's why they're so dangerous, is they've gone to the point of no return, they've gone for broke, and they know that, and they say that.
00:41:49.000Their crimes are so huge that if they don't bring in full-spectrum dominance, if they don't activate COG and totally dominate everybody, then they're openly saying they're cooked.
00:41:59.000So, that's why it's the immovable object You know, going up against an immovable object, it is a collision.
00:42:07.000And if we just don't blink and just say, you know what, ramming speed, and put it in high gear and just pedal to the metal, I mean, there's no way we're going to lose, Bob.
00:42:18.000It's just waiting them out and keeping the information coming.
00:42:22.000And I never thought that I would be projected into the spot that I am at my late age, being able to transport Information and primarily information in the financial world.
00:42:36.000There are others who specialize in other areas, just like Mr. Engdahl said earlier, that I'm not an expert in science, and neither am I, but we do what we can do, and it's great that we have someone to work with like yourself, who is able to grasp many subjects and tell the people the real innards of what's going on in them.
00:43:02.000Well, Bob, it's just really an honor to have you on as well.
00:43:05.000Okay, let's get into the economy, and I'm going to skip this next break coming up for Infowars.com listeners, because, again, the information is so important.
00:43:21.000Because some had said it was coming later.
00:43:23.000I don't remember what you said on the show, but you said they were going to take over Freddie Mac and Fannie Mae, and then what does this mean?
00:43:34.000The first announcement by the International Forecaster was just four years ago.
00:43:41.000And I said that Fannie Mae and Freddie Mac were technically bankrupt.
00:43:47.000And everybody on Wall Street and in the Beltway knew that.
00:43:52.000And they needed Fannie and Freddie to execute the real estate bubble, which was going to keep the economy from collapsing For the next five or six or seven years.
00:44:05.000And so, they continue to have Fannie Mae and Freddie Mac take on mortgages, and as time went on over this past four-year period, they took on more speculative mortgages, which made the situation even worse.
00:44:22.000The figures, the numbers, the balance sheet in Fannie Mae and Freddie Mac both were bogus.
00:44:36.000But they needed to loosen up on loans to keep the bubble going, correct?
00:44:40.000And now is this the final bubble bringing the big Fannie Mae, Freddie Mac bubble within the Treasury, which internationalizes it, or is the final bubble the green carbon tax, which they're saying will pay to the banks?
00:47:50.000You better guarantee those bonds or you've got a serious problem.
00:47:56.000Here's the $64 million question, then we'll go back, Bob, and I'll let you roll.
00:48:00.000Here's the $64 million question, and I want to answer this when we come back from break, but right now you can keep going over the Chinese and what you were saying.
00:48:06.000But before I forget, Because I write notes here and then forget.
00:48:09.000When we come back, when or if, how long till this eats through, this time bomb, until they see the treasury is insolvent with all the crap they're dumping on it?
00:48:21.000Or will it just go on forever and then because it's the government backing it, it won't matter if it's all fraud and then we enter a la-la land where any investment, including birdcage liner, used birdcage liner, is as good as gold.
00:48:35.000So, I mean, you see my question, let's answer that in three minutes, but continue answering with the Chinese saying, look, we're holding this.
00:49:06.000And the reason they're doing that is to continue to be competitive, because they're starting to run into some pretty stiff competition offshore.
00:49:17.000And, of course, too, their banking system's got problems I won't even go into here, which is as bad as the Japanese had in 1992.
00:49:25.000And that's because Communist Party members get loans and never pay them back.
00:49:30.000And so China I was saying, look, you've got to honor these bonds.
00:49:36.000And on the other hand, we're going to buy dollars because we want to keep our currency down.
00:49:40.000And by doing so, we'll buy treasuries with that money.
00:49:44.000And so they were a support mechanism on one side by buying the treasuries, but on the other, they want a protection on their Fannie Mae and Freddie Mac bonds.
00:49:57.000And so I think that's what compelled The Treasury to go forward and meet the challenge, finally.
00:50:12.000It'll take an absolute minimum of probably three years, and it could go up many years.
00:50:18.000And what they're going to try to do is extend the real estate and the mortgage and the securitization of mortgages problem as far out into the future as they can.
00:50:30.000So they can deal with other problems like they've got now, where about 50% of brokerage houses and banks are insolvent.
00:50:42.000And so by doing what they've done, they're able to throw some of it into the future.
00:50:47.000Example, right now, Fannie Mae and Freddie Mac, and you didn't see this anyway because they didn't publish it, they changed the role of default on mortgages from 90 days to two years.
00:51:57.000The stuff he talks about comes true nine times out of ten or more.
00:52:01.000I remember him four or five years ago, I've been interviewing Bob for about eight, nine actually, talking about Fannie Mae, Freddie Mac going under, Catherine Austin Fitts, who worked in the HUD for Clinton, high-level, she was the head of it, saying this like seven years ago on our show.
00:52:21.000Dr. Paul Craig Roberts was on with us a few days ago, and this had just happened.
00:52:26.000This was Monday, and so he wasn't sure yet.
00:52:30.000Now I looked at the news, it is clear that they didn't just guarantee the mortgages, but also the bonds that were sold on those is the way I see it.
00:52:38.000I want to ask Bob Chapman about that, but I want him to elaborate on what this will extrapolate out to in the next few years.
00:52:49.000Because they can prop up the big investments, the big companies, the big bondholders, the foreign governments, the institutions, and they can keep printing dollars to fill that void.
00:52:59.000But the economy's breaking down, there's no credit, things are degenerating fast, and he's saying three years, maybe longer, like Japan's been in a 15-year hardcore recession.
00:53:09.000So that's a bunch of questions, but A, are they securing everything tied to the Freddie Mac, I mean Fannie Mae Freddie Mac, are they securing All the bonds and junk that was sold, AAA-rated crap, or just, and then you mentioned the part so much here about they're guaranteeing mortgage defaults up to two years, not just a few months.
00:53:33.000Well, again, it's to extend and extrapolate, as you said.
00:53:38.000And I think that what they're going to do, and I don't know if Paul Craig Roberts addressed this, is, yes, Yes, they are going to take on their balance sheet at the Treasury the bad paper that's out there, which is the CDOs, the FIVs, and the ABSs.
00:53:59.000And those are bonds that contain, for those who don't know out there, mortgages which were securitized and made into bonds.
00:54:08.000The last one, ABS, is asset-backed securities, and they are packaged with vehicle loans, Swimming pools, mobile homes, motorcycles, those kind of things.
00:54:22.000And all of that stuff on average right now, if you can find a market, is selling somewhere in the vicinity of $0.50 to $0.60 on the dollar.
00:54:32.000Some of it's at $0.10 and some of it's at $0.80.
00:54:36.000It all depends on what paper you have.
00:54:38.000And so, at 50%, the Treasury eventually And they're going to be very, very quiet about doing this.
00:54:47.000It's going to take this on, these securities on, and they're going to loan against it.
00:54:53.000And they won't loan 100% of the value of the security.
00:54:57.000They will probably loan something near the market.
00:55:02.000And so the American taxpayer is going to end up paying for all of that rotten paper that was issued by The banks in the United States, the banks are being let off the hook, and that would include the rating companies, S&P, Moody's, Pitch, who lied about the ratings and said they were AAA when they were BBB, which is the difference between a 10 and a 4.
00:55:27.000They're going to let the mortgage originators, the appraisers, the salespeople, and the 85% of the people who lied on their applications off the hook.
00:56:22.000And, you know, this is the only way that they can do it.
00:56:27.000What the institutions have been doing already is they've been moving them off balance sheet, and they do that, they take a package, let's say it's worth $5 billion, billion dollars and the person that they sell it to, but it's not really sold because it's a conditional contract, and they sell it to another party and the other party pays 20% and the entity loans and they sell it to another party and the other party pays 20% and the entity loans
00:56:59.000I mean, you talk about Mickey Mouse bookkeeping.
00:57:03.000For people that may have passed over their heads and they weren't paying attention, explain that in detail right now for the InfoWars.com stream listeners.
00:57:29.000And Alex is an equity expert that has lots of money.
00:57:35.000And I go to Alex and I say, Alex, I've got this $5 billion worth of bonds, which are CDOs.
00:57:43.000I want to move them off my balance sheet.
00:57:46.000I want to sell them to you on a conditional basis.
00:57:48.000You put 20% of the money out, which would be a billion dollars in this case, and we'll loan you the other $4 billion.
00:57:59.000For you to take this off our hands, all you have to do is pay us back, and if everything works out well, you'll end up with a nice profit, and we will have these off the books.
00:58:09.000So that's just fractional reserve banking again?
00:58:44.000Instead, the ones that made the big bucks, all these new billionaires, they're all literally buying armored compounds in the Caribbean with private security forces, and I've talked to them.
00:58:55.000They said they're here in Austin, and they're basically saying it's going to be war on the streets.
00:59:02.000They have robbed us so bad And they are just bastards!
00:59:07.000And then they've got these brainwashed, bloodthirsty, macho, right-head cops that'll do whatever they're told, and are convinced that anybody that loves America or freedom is evil, and they're ready to eat our guts and ask for seconds.
01:01:02.000They could buy up the world, dominate with that.
01:01:04.000But they decided in the early nineties, go through that for people, to just take all restrictions off and just start making up fake money, fake assets.
01:01:13.000They bought up all the key assets with it and they're leaving us the junk And then militarizing the police as a vanguard to protect them.
01:01:23.000They're going to call resisting them or not letting them take your farm or house or kids a crime.
01:01:50.000And how they've done it financially is via the root of derivatives.
01:01:55.000A derivative is like a piece of insurance.
01:01:59.000And if you own the bond and you're only interested in the yield on the bond and it's 5%, but you don't want to take any risk on the bond itself, whether it'll go up or down, you sell that risk to somebody else.
01:02:12.000And if somebody out there In the derivative market, who will take on that risk to protect you for a price.
01:02:18.000And then they pass the Ponzi onto somebody else and even sell that insuring of the instrument.
01:02:27.000So that's just like multi-level marketing, a Ponzi scheme, where you started and get 20 people, they get 100 people, they get 1,000 people, and the upper end screws everybody and leaves, but then leaves all the lower 90% holding the bag.
01:02:46.000And that's how they've been holding this whole system together, really, since 1992.
01:02:51.000And, of course, it's become bigger and bigger and bigger, and we have derivatives out in the form of $650 or $700 trillion mind-boggling figures.
01:03:04.000And so, yes, they will leave the ship.
01:03:29.000They know something's going on, but they just can't understand it.
01:03:32.000And everybody doesn't listen to a program like Alex Jones.
01:03:38.000There's a lot of people who just don't know, and it's going to be a revelation to them, because when this all comes down, and it's in the process of doing so presently, you look at the unemployment figures, 14.7% long-term, these are government figures, 10.7% intermediate-term unemployment, and short-term unemployment, 6.1%.
01:04:01.000They'll just stage a terror attack right as it fully implodes and claim the Easter Bunny did it, and these cowards will run up and circle around the government and just sit there shaking.
01:04:12.000Now, I don't see that working, but you know they'll try that.
01:04:14.000They'll do anything to get the cowards to come up and cuddle up under the black wings.
01:04:18.000But these people insult us, write us letters, say we're lying.
01:04:21.000You predicted Freddie and the whole Fannie thing.
01:04:32.000And there's still about 30% of the public that will buy anything they're told.
01:04:36.000And I know that they don't matter in history, except they're going to be the enforcers.
01:04:42.000They'll do anything they're told by the establishment, including handing their children over, as long as they get to act cool.
01:04:51.000And that's why you have to be very careful who you speak to this about, and also very careful about venting your feelings about what's going on.
01:05:02.000Because if that happens, And we have a situation like what the Stasi had in the old East Germany where everybody was spying on everybody else.
01:05:12.000Then people will come and pick you up because they'll tell on you and of course there will be a reward for that as well.
01:05:23.000In the United States now, exactly the same way.
01:05:26.000Listen, listen, they're training children in every major public school in the country that we look at, with text messages to turn their parents in and neighbors in, and they're running around getting money.
01:05:37.000They want to artificially have a bad economy so they can force this conversion over to the military-industrial complex.
01:05:44.000I say speak out like your lives depend on it to block them.
01:05:48.000Even where cowed and are quiet, they may win.
01:06:18.000Yeah, that is not something that should happen in America, but it is happening.
01:06:23.000And it's going to be worse in the future.
01:06:26.000If I remember correctly, the United States government hired two or three individuals who are high up in the government in East Germany as advisors.
01:06:49.000And that's where they got the ideas And how to make them work as far as people spying on one another and putting systems together where people couldn't do much of anything without government knowing.
01:07:03.000I mean, these laws for money laundering is an example.
01:07:09.000They want to know where everything is going and how you're doing it.
01:07:15.000Somebody I know the other day went in to buy some money orders, and I think They were for like $4,700, and the man said, well, we can't do that without you signing and giving us a copy of your driver's license and all this.
01:07:30.000And the man said to him, look, I know you.
01:07:33.000You're going to do it my way, and we don't do it at all.
01:07:36.000And so the guy said, OK, we'll do it your way.
01:07:39.000But if you don't know the guy that's selling the money orders, you've got a problem.
01:07:43.000Well, I mean, it's total surveillance.
01:07:45.000It's a violation of the Fourth Amendment.
01:07:46.000I see 80-year-old, no exaggeration, men buying beer being carted, and they're swiping it.
01:08:03.000You know, I don't have credit cards, and I haven't had them for years.
01:08:07.000but they've become very dangerous things.
01:08:10.000Oh, listen, I go in, people thought it was just zip codes to figure out where to put stores at a Best Buy or wherever.
01:08:15.000Now you go to pay for, say, $100 worth of videotapes or whatever, or memory sticks, and they go address and name, same thing at Radio Shack, everywhere else, that's all for a database.
01:08:26.000And I've read the corporate documents going back six, seven years ago where they would meet for these big conventions where they say we're being given federal mandates and insurance breaks.
01:09:01.000So much of it, but the illegal aliens What kind of democracy is that?
01:09:06.000Well, the Catholic bishops are saying, don't track, don't trace, don't arrest illegal aliens, it's of the devil.
01:09:12.000But there's been a thousand deaths on one town across the Texas border, hundreds on this side, bedlam and war, and the cops don't arrest illegals for almost anything.
01:11:30.000You know, there's a lot of cops and a lot of government people and a lot of bureaucrats who think this is all funny and cute and they send me emails and they say, yeah, we're going to get you, we're going to kill you, we're taking over.
01:11:40.000And you'll go to their MySpace and they're a cop or they're military.
01:12:39.000Well, the other big problem is, that's why they have the face scanning cameras and the tracking grids and the smart dust, and they admit that's Northcom dominance.
01:12:47.000You know, it's so incredible to read John Warner's Defense Authorization Act or read Northcom plans.
01:14:06.000Everything you've done so far is awesome, and people around the world are waking up.
01:14:11.000Since I'm too far away from the United States or any crowded places where I could go tell people about what's going on and getting them to tune in to your show, I went online.
01:14:23.000Actually, today there's an event in Second Life, which is a virtual world.
01:15:20.000Yes, so you're there, thousands come by and see your t-shirt at the virtual memorial, they wanted to run an op inside there, and then the admin bans you because you had that shirt.
01:16:36.000So just like in the real world, the, oh, can't wear your 9-11 inside job shirt.
01:16:41.000You can have a pierced nose or a devil tat.
01:16:44.000That's okay, but don't actually really be individualistic.
01:16:48.000Bob Chapman, what do you think of this?
01:16:51.000It's something that I didn't expect and it will progressively get worse and they will pick up more and more people and impound them and get all their information and warn them If they're picked up again, they won't be hurt from again.
01:17:06.000And that's where they're going to go about it, particularly with young people.
01:17:10.000Because young people are generally in better physical condition than adults, and young people can become combatants much more easily.
01:17:18.000What about the Alexander Schultz and Itza quote about when the Gestapo or the GRU, you know, oh how we burned in the camps wishing that when the secret police came out to grab us we would have met them with hatchets in the doorways.
01:17:30.000Well, maybe that will come to that in our country.
01:17:33.000Does that ever happen in the virtual reality Sims?
01:18:31.000I mean, we're virtual reality on the web and AM and FM, both old world, new world, and where people are being banned in virtual reality with tens of millions.
01:18:40.000How many, I know it's tens of millions now that are in Second Life.
01:18:45.000How many are part of Second Life, Jesse?
01:19:39.000to expose the government, basically because I want to deprogram my family, my friends, my parents, everybody that I've been around in my life.
01:19:48.000I've dropped my feminist career, turned my back as a Canadian athlete, I've turned my back as a police officer, I've turned my back as a model, I've turned my back on everything, basically.
01:20:33.000Basically, it was up the line of more gallons.
01:20:36.000I've survived quadriplegia, thank God for my background and my training, and I've gone through a detox.
01:20:42.000I've basically survived to live through a criminal trial, and I've been at doctors and lawyers, and I've been confronting judges and crowns and telling them what kind of Mason system that we've been living under.
01:20:53.000I mean, I've basically been allowed to say everything I need to say, even on a stand in a trial.
01:25:12.000Before I end this transmission, I just want to remind the listeners That A, re-transmission starts with Ralph Nader and some of the other guests we had on were amazing today.
01:25:29.000And at the end of the show, in about one minute, we just come right back.
01:25:33.000But you've got to be on the InfoWars.com audio streams.
01:25:48.000If you're listening to us on the AM and FM dial, be sure and tell folks about how they can listen on the local station and don't forget I'm a filmmaker and our new film is out!