|
International News Updates |
|
|
|
22 June 2009 General Motors did not fall due to
natural forces. Like the twin towers on 9-11, GM was
taken down. Like 9-11, GM was sabotaged from the
inside. The corporate raiders who took down GM are
part of the same network of Jewish Zionists who
brought down the World Trade Center.
The bankruptcy of General Motors (GM) is very similar
to the collapse of the twin towers of the World Trade
Center on 9-11. Both catastrophic events are described
in the controlled media as having occurred due to
natural forces, while actually they are both the
results of sabotage carried out by insiders. In both
cases, the people who brought down the operation were
Trojan Horses, people who had bought their way into
positions of control in order to destroy them. The
people behind the destruction of GM and the WTC are
corporate raiders of the worst kind.
General Motors did not simply collapse as a result of
market forces; it was bankrupted by corporate raiders
who had infiltrated the company and taken control of
its finances. Likewise, the evidence indicates that
the twin towers of the World Trade Center did not
collapse due to the stresses associated with the plane
crashes; they were prepared in advance to be
demolished using extremely powerful explosives,
including tons of nano-thermite, or super-thermite.
This was facilitated by the people who had obtained
control of the towers shortly before 9-11, namely
Larry Silverstein and the former Israeli commando
Frank Lowy.
What is most remarkable is that these events are
closely related. The same people are involved in the
conspiracy to plunder and destroy both the World Trade
Center and General Motors. This article identifies
some of the key people and reveals the strategy behind
the destruction of one of America's oldest companies.
Bankrupting General Motors
General Motors Corp. filed for bankruptcy on June 2,
2009, as the Zionist-run Obama administration provided
unprecedented federal funding and oversight. The
bankruptcy filing by GM was the third-largest in
American history and the largest ever in U.S.
manufacturing. Now that GM is facing restructuring,
its assets will be taken over for pennies on the
dollar. The notorious corporate raider Carl C. Icahn,
for example, is reportedly looking at taking over
Delphi Chassis Systems.
So, how did GM go bankrupt? If one looks at the sales
figures for GM, it simply does not make sense. In
2007, GM was the largest producer of vehicles in the
world, manufacturing 13 percent of the total, and had
the largest slice of the U.S. car and truck market
with 23.4 percent of domestic sales.
In 2007, GM led in global production and U.S. market
share. Graphics from Wikinvest.
Globally, GM sold 9.4 million cars and trucks in 2007,
an increase of 3 percent over 2006. GM's 2007 tally
was, in fact, the second best global sales total in
the company's 100-year history and marked the third
consecutive year the company had sold more than 9
million vehicles. That doesn't sound like a company on
the brink of collapse, does it? In its 100-year
history GM had been through much worse downturns, such
as the Great Depression and the Second World War, yet
GM managed to survive and thrive. What is so different
about the management at GM in the past few years that
it caused America's biggest auto manufacturer to go
into bankruptcy despite three consecutive bumber years
of global sales?
George Richard (Rick) Wagoner became president and
chief executive officer of GM on June 1, 2000. The
value of GM stock started the month of May 2000 at its
peak of over $93 per share. The day Wagoner became CEO
the stock finished at $69.81. By the end of the year
it was worth less than $51 per share. GM stock had
fallen to about $35 when Wagoner was elected chairman
on May 1, 2003. Why promote a CEO who was clearly
taking the company down the drain?
Despite the falling stock price, Wagoner remained CEO
and chairman of GM until March 29, 2009. Under
Wagoner's leadership GM suffered more than $85 billion
in losses -- losing $82 billion in the last 4 years!
Why wasn't Wagoner replaced earlier? How was GM
selling more cars than ever but losing more and more
money? It simply doesn't make sense.
Were his hands tied? Rick Wagoner (center) with Mark
Neporent (left), COO of Cerberus, and Eric Feldstein
(right), chief executive of GMAC and treasurer of
General Motors Corp. This photo is from the 2006
announcement of the Cerberus deal for a majority stake
in GMAC in which Bernard Madoff's partner-in-crime, J.
Ezra Merkin, became chairman of GMAC. Is Wagoner
responsible for $85 billion in losses at GM - or was
he just a useful idiot?
In 2008, GM sold 8.35 million cars and trucks globally
under the following brands: Buick, Cadillac,
Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's
largest market is the U.S., followed by China, Brazil,
the United Kingdom, Canada, Russia, and Germany.
Despite three years of record sales, GM lost $18.8
billion during the first 6 months of 2008; by late
October, its stock had dropped 76 percent, and it was
considering a merger with Chrysler.
At the time the GM-Chrysler merger was being
considered, Chrysler was primarily owned (80.1
percent) by the private equity firm Cerberus Capital
Management, L.P., headed by Stephen A. Feinberg and
Jacob Ezra Merkin. Cerberus is named after the
mythological three-headed dog of Hell. It should be
noted that Feinberg and Merkin also controlled General
Motors Acceptance Corp. (GMAC), the financial services
branch of GM.
GM sold 51 percent of GMAC in 2006 to Feinberg's
private equity firm Cerberus Capital Management LP,
and Jacob Ezra Merkin became chairman of GMAC. Had the
merger gone through, Feinberg and Merkin would have
probably become majority owners of both GM and
Chrysler. This appears to have been the plan. Feinberg
and Merkin, the owners of GMAC, had plundered and
conspired to bring down GM so that they could take it
over.
When Cerberus gained control of GMAC, they hurt GM's
domestic sales by raising the credit requirements for
car loans. Feinberg and Merkin reportedly raised the
credit requirements so high that they caused a very
sizable chunk of sales to be lost due to customers'
inability to secure financing. Cerberus reportedly
used this tactic to pressure GM into selling or
trading their remaining stake in GMAC.
Ezra Merkin became a controlling owner of Israel's
Bank Leumi shortly before he got his hands on GMAC in
2006. Here he shakes the hand of the notorious war
criminal Ariel Sharon as he hands him a check for $500
million. Ehud Olmert (center) held secret meetings in
New York City on September 10, 2001. Merkin's private
Israeli bank has a branch in Switzerland that contains
billions of stolen dollars held in secret numbered
accounts.
Merkin is clearly a criminal. He is one of the key
players of the multi-billion dollar criminal fraud
carried out by Bernard Madoff. Merkin secretly
diverted untold billions to Madoff's fraudulent
investment fund. One of Merkin's funds lost $1.8
billion of investor cash with Madoff. Merkin was seen
as "the Golden Boy controlling the Golden Goose."
Feinberg and Merkin were also controlling co-owners of
Israel's Bank Leumi, which had been privatized in 2005
under finance minister Benjamin Netanyahu. Bank Leumi
also has off-shore banks and a branch in Switzerland
in which billions of dollars are held in secret
numbered accounts.
It was reported on December 30, 2008, that the U.S.
Treasury would provide $6 billion more for GMAC,
headed by Merkin and the extremely secretive Feinberg.
Feinberg is so secretive his Who's Who biography says
he is deceased!
Stephen A. Feinberg, Ezra Merkin's
partner-in-crime.
The U.S. Treasury was reportedly buying a $5 billion
stake in GMAC and lending $1 billion to GM. This
"loan" was in addition to $13.4 billion of taxpayer
dollars the Treasury had already lent to GM and
Chrysler LLC. Once again, a plundered and bankrupted
company was being "bailed-out" with taxpayer funds.
Merkin had been chairman of GMAC since November 2006.
GMAC reportedly lost nearly $8 billion while Merkin
was in charge. Despite Merkin's huge losses at GMAC
and his involvement in the Madoff criminal scam, the
U.S. government evidently had no problem providing
billions of taxpayer dollars to Merkin, whose Ariel
Fund was one of the largest funds feeding billions to
Bernie Madoff's financial black hole. Madoff
reportedly "lost" some $50 billion, or more.
Jacob Ezra Merkin, orthodox Jew and devoted Zionist,
finally resigned as chairman of GMAC on January 9,
2009. How was Merkin allowed to remain in control of
the privately-held GMAC operation for so long despite
his history of financial fraud?
Who Ran GMAC?
GMAC is a very interesting operation. A wholly owned
subsidiary of General Motors since 1919, GMAC provided
customers with more than $1.4 trillion in credit to
finance more than 162 million vehicles. Originally
designed to provide financing for people buying GM
vehicles, it branched out into other fields, such as
real estate. GMAC Commercial Mortgage (GMACCM), for
example, provided the funds for Larry Silverstein and
the former Israeli commando Frank Lowy to take over
the World Trade Center in July 2001. The towers served
as the collateral. GMAC Commercial Mortgage sold $563
million in bonds backed by a loan to Silverstein
Properties for its purchase of the towers. If
Silverstein and Lowy were part of the conspiracy to
destroy the World Trade Center, the people controlling
GMACCM would probably also be. Who was controlling the
purse strings at GMAC in 2001 when Silverstein was
negotiating to obtain control of the World Trade
Center?
Larry Silverstein, here with his daughter Lisa, made
billions of dollars from the destruction of the World
Trade Center. He is the former chairman of the UJA-Federation
of New York, the largest Zionist fund-raising
organization in the world.
At GMAC, the person in charge of the money was Eric A.
Feldstein, born in Brookline, Mass. in 1959. Feldstein
had worked in the office of the treasurer at GM Corp.
from 1981-91 and was regional treasurer in Europe from
1991-93. In 1993, he returned to New York as assistant
treasurer. In March 1996, he was named executive vice
president and chief financial officer of GMAC and
chairman of the GMAC Mortgage Group, where he oversaw
corporate activities responsible for general finance,
audit, and worldwide borrowings.
Feldstein became treasurer of General Motors in
November 1997, and was elected vice president the
following month. In June 2001, Feldstein was named
General Motors' vice president, finance, and corporate
treasurer. When GM and GMAC failed in 2008, Feldstein
went to work for Feinberg and Merkin at Cerberus,
joining the team named after the three-headed dog of
Hell. At Cerberus, Feldstein was made executive vice
president.
Eric Feldstein, the treasurer of GM, laughs with Rick
Wagoner and Mark Neporent, COO of Cerberus, as the
Zionist-run fund took majority control of GMAC. By
this point, GM was well on its way to losing $85
billion - all during Feldstein's term as GM corporate
treasurer and vice president in charge of finance.
Eric Feldstein is the son of Donald Feldstein, a
high-ranking member of a number of Zionist
organizations in New York and New Jersey. The elder
Feldstein is one year older than Larry Silverstein and
has a long history of leadership in the same Zionist
organization as Silverstein. Donald Feldstein was an
executive director of the United Jewish
Appeal-Federation Jewish Philanthropies in New York
City from 1976-81. This is the huge Zionist
fund-raising organization that Larry Silverstein
headed as the chairman of the board and where he is an
honorary board member. The connection between Donald
Feldstein and Larry Silverstein at this Zionist
organization certainly played a role in Eric
Feldstein's decision to use GMAC money to back
Silverstein' s bid for the World Trade Center. It is
through such Zionist organizations like the UJA-Federation
and the secretive order of B'nai B'rith, an
international organization of Jewish Freemasons, that
the Zionist network functions. In this way actions and
decisions that affect whole nations can be made
without anyone outside the "community" being aware.
GMAC Commercial Mortgage Corp., under the leadership
of Donald Feldstein's son, provided an $800 million
loan to fellow Zionists Silverstein and Lowy to back
their bid for the soon-to-be privatized World Trade
Center in the summer of 2001. This privatization deal,
initiated by the Zionist Ronald Lauder and managed by
Lewis Eisenberg of the Port Authority, was finalized
at the end of July 2001. The WTC complex was finally
put into private hands – Zionist hands – only 6 weeks
before it was demolished and pulverized with super-thermite.
Feldstein Joins Eton
After being fired from GMAC, Eric Feldstein went to
work for Cerberus in March 2008. Three months later he
became CFO at Eton Park Capital Management. Eton Park
is a hedge fund run by 42-year-old Eric M. Mindich,
formerly with Goldman Sachs, and Alan R. Batkin, the
vice chairman of the fund. Batkin, 64, is the senior
partner at Eton Park. Although Feldstein lost billions
as the head of GMAC and was fired because he had
destroyed the 90-year-old company, Mindich and Batkin
made him chief financial officer at Eton Park.
Feldstein's colossal failure at GMAC evidently did not
bother them. He was clearly being rewarded for a job
well done.
Alan Batkin, the vice chairman at Eton Park, is very
highly connected. Batkin was, for example, vice
chairman of Kissinger Associates Inc. from 1990
through 2006. It is, however, his executive positions
at some of the biggest companies of Israel, such as
Israel Discount Bank (IDB) and Discount Investment
Corporation, Ltd., that reveal the intense Israeli
character of Eton Park. (The IDB has been privatized
and is also closely tied to the Madoff scam.)
Alan R. Batkin is a member of the board of governors
of Tel Aviv University and is treasurer of PEC Israel
Economic Corp. (part of Discount Investment
Corporation, Ltd.) where he has served as CEO,
president, and director. He also served as the Chief
Executive Officer and President of Orama Ltd. (a
venture capital firm founded in 1999 to support
companies in the Israeli technology sector; a
subsidiary of IDB Group, Ltd.)
From 1972 to 1990, Batkin was an investment banker at
Lehman Brothers, where he a Managing Director for 14
years. Batkin has been, since 1999, a director of
Overseas Shipholding Group Inc. (OSG), which owns and
manages a large fleet of transatlantic oil tankers. As
a director of OSG, Batkin works with Solomon Merkin,
the brother of Jacob Ezra Merkin. Their father,
Hermann Merkin, was one of the owners of the company
along with the Recanati family of Israel Discount
Bank. Batkin is also vice chairman and a director of
Hasbro Inc. since 1992.
Solomon Merkin
Batkin was a director of Infinity Broadcasting Corp.
since April 1992. Infinity provided popular talk radio
with a distinctly pro-Israel point of view. Foremost
among Infinity's talk show staff was Howard Stern, a
vulgar and controversial radio personality. Other
national radio performers employed by Infinity
included Don Imus, Larry King, G. Gordon Liddy and
Rush Limbaugh. Infinity merged with CBS Radio in 1997.
Alan Batkin is a scion of the intensely Zionist Batkin
and Tenzer families and the son of Stanley Irving
Batkin, a leading Zionist figure since the 1930s.
Stanley Batkin is a recipient of Israel's Prime
Minister's Medallion (1974) and the City of Jerusalem
Medal (1976). These awards are given to Zionists for
extraordinary service to Israel. The elder Batkin has
served, since the founding of the state of Israel, as
an executive of the following organizations (among
many others): the Zionist Organization of America; the
State of Israel Bond Committee; the Jewish Theological
Seminary; State of Israel Bonds; Israel's Weizmann
Institute of Science; Friends of Bezalel Academy of
Arts & Design, Inc.; and Yeshiva University Museum.
Recommended Reading:
Bollyn, Christopher, "The Israeli Who Will Run the
Obama White House," November 6, 2008
Bollyn, Christopher, "Update on Madoff's Guilty Plea,"
March 12, 2009
Bollyn, Christopher, "Who is Bernard Madoff, the man
behind the $50 billion fraud?" updated March 24, 2009
General Motors Data, Wikinvest
General Motors' U.S. Sales History, Domestic Brands,
1908-2008, Automotive News, June 1, 2009
General Motors' Top Ten Markets in Europe, 2008
"Obama gambles on reviving GM from bankruptcy,"
Reuters, June 2, 2009
Source: Christopher Bolly
EsinIslam.Com
|
Save
Add Comments To This Story