BOOM! Complete List of Banks Owned By The Rothschilds… Your Bank Is Here!

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues?

Central banks are illegally created PRIVATE banks that are owned by the Rothschild banking family.

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By Nerti U. Qatja@VOP_Today – Source:

The family has been around for more than 230 years and has slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, and then emplaced their own people in these central banks to control and manage each country’s pocketbook.

Worse, the Rothschilds also control the machinations of each government at the macro level, not concerning themselves with the daily vicissitudes of our individual personal lives. Except when we get too far out of line.

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The grand plan of The First Sphere of Influence is to create a global mononation. Please do not confuse this with the term globalization. Mononation and globalization couldn’t be more different in concept, scope and purpose. Mononation is one state. It has one government. One set of laws for all ordinary citizens, no laws for the elite. Globalization refers to communicating, trading, interacting, etc. among separate, different, independent, sovereign countries.

The grand plan of The First Sphere of Influence is to create a global mononation.

Our own Federal Reserve is an illegally emplaced private bank that is directly responsible for creating all the US’s depressions, recessions, and the inflation and deflation of our dollar. The Fed controls the printing of our own currency, and then charges the US government interest on those loans. The interest is growing each year, making it difficult if not impossible for our government to pay it. How do we pay this interest? By the US Personal Income Tax. This tax goes to the Rothschild family.

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In the coming months, as I continue to gather intel and write a book about The First Sphere of Influence, I will share more and more. For now, I kindly ask that you read each of the 165 lines below. One hundred and sixty-five reasons to believe my intel. You can click on each bank and visit its website. I’ve seen each one. They’re real. And they’re one of the reasons why each country is in such deep debt to this insidious family, the Rothschilds.

By the way, if you’re curious what the US debt is to the BIS, please refer to the table at the end of this article, taken from the latest statistical results provided by the Joint External Debt Hub, which receives data from the BIS, International Monetary Fund, World Bank, and the Organization for Economic Cooperation and Development.

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Want to know what banks they actually own? Here is the complete list:

Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Came Roon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya (Their most recent conquest)
Uruguay: Central Bank of Uruguay
Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philip Pines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of Russia
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: Federal Reserve, Federal Reserve Bank of New York
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe

According to humanfree: Virtually unknown to the general public is the fact that the US Federal Reserve is a privately owned company, siting on its very own patch of land, immune to the US laws.

This privately owned company (controlled by the Rothschilds, Rockefellers and Morgans) prints the money FOR the US Government, which pays them interest for the “favor.” This means that if we would reset the nation’s debt today and would begin reprinting money, we would be in debt to the FED from the very first dollar loaned to our Government.

Also, most people living in the USA have no clue that the Internal Revenue Service (IRS) is a foreign agency.

To be more accurate, the IRS is a foreign private corporation of the International Monetary Fund (IMF) and is the private “army” of the Federal Reserve (Fed).

Its main goal is to make sure the American people pay their tax and be good little slaves.

In 1835, US President Andrew Jackson declared his disdain for the international bankers:

“You are a den of vipers. I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”
There followed an (unsuccessful) assassination attempt on President Jackson’s life. Jackson had told his vice president, Martin Van Buren:
“The bank, Mr. Van Buren, is trying to kill me.”
This was the beginning of a pattern of intrigue that would plague the White House itself over the coming decades. Both Lincoln and JFK have been murdered for trying to rid the country of banksters.

The world’s Megabanks

There are two Megabanks that offer loans to all the countries around the planet, the World Bank and the IMF. The first one is jointly owned by the world’s top banking families, with the Rothschilds at the very top, while the second one is privately owned by the Rothschilds alone.

These two Megabanks offer loans to “developing countries” and use their almost impossible-to-pay-back interests to get their hands on the real wealth: land and precious metals.

But that’s not all! An important part of their plan is to also exploit a country’s natural resources (like petrol or gas) via their covertly-owned companies, refine them, and sell them back to the same country, making a huge profit.

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But in order for these companies to operate optimally, they need a solid infrastructure, which is usually lacking in the so called “developing countries.” So before the banksters even offer the almost impossible-to-pay-back loans, they make sure that most of the money will be invested in — you’ve guessed it — infrastructure.

These “negotiations” are carried out by the so called “Economic Hitmen”, who succeed by handsomely rewarding (i.e. bribing) or threatening with death those who are in the position to sell away their country.

For more information on the subject, I suggest reading the Confessions of an Economic Hitman.

The one bank that rules them all, the “Bank for International Settlement,” is — obviously — controlled by the Rothschilds and it is nicknamed the “Tower of Basel.”

The true power of the Rothschilds goes FAR beyond the Banking Empire

If you are not yet amazed by the power of the Rothschilds (I know you are), please know that they are also behind all wars since Napoleon. That’s when they’ve discovered just how profitable it is to finance both sides of a war and they’ve been doing it ever since.

In 1849, Guttle Schnapper, the wife of Mayer Amschel stated:
“If my sons did not want wars, there would be none.”
So, the world is still at war because it is very, very profitable to the Rothschilds and their parasite bankster bloodlines. And for as long as we will continue to use money, the world will never know peace.

It is shocking for many to find out that the United States of America is a corporation ruled from abroad. Its original name was the Virginia Company and it was owned by the British Crown (it should not be mistaken for the Queen, which functions largely in a ceremonial capacity only).

The British Crown donated the company to the Vatican, which gave the exploitation rights back to the Crown. The US Presidents are appointed CEOs and their business is to make money for the British Crown and the Vatican, who take their share of the profits every year.

The British Crown covertly rules the world from the 677-acre, independent sovereign state, know as The City of London. This other Crown is comprised of a committee of 12 banks headed by the Bank of England. Guess who is controlling the Bank of England? Yes, the Rothschilds!

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In 1815, Nathan Mayer made the following statement:
“I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.”

The House of Rothschild is really at the top of the pyramid of power. They are behind the New World Order and the complete domination of the world agenda. They are behind the European Union and the Euro and they are behind the idea of a North American Union and the Amero. They are controlling all of the world’s secret services and their private army is NATO.

WikiLeaks’ Julian Assange: Facebook is CIA Spying Machine

Facebook is “the most appalling spying machine ever invented,” according WikiLeaks founder Julian Assange, who recently spoke with Russia Today, while awaiting extradition from England to Sweden on sexual assault charges.

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By Nerti U. Qatja@VOP_Today

“Here we have the world’s most comprehensive database about people, their relationships, their names, their addresses, their locations, their communications with each other, and their relatives, all sitting within the United States, all accessible to US Intelligence,” said Assange during the interview.

Assange asserts that Google, Yahoo and other US-based technology companies are also complicit in the US government’s aims to keep watch over the world’s citizens.

“Facebook, Google, Yahoo, all these major US organizations have built-in infaces for US intelligence,” he said. “It’s not a matter of serving a subpoena, they have an interface they have developed for US Intelligence to use. Now, is the case that Facebook is run by US Intelligence? No, it’s not like that. It’s simply that US Intelligence is able to bring to bear legal and political pressure to them. It’s costly for them to hand out individual records, one by one, so they have automated the process.”

Assange goes on to say that anytime anyone adds information to their Facebook profile they “are doing free work for US intelligence agencies.”

“The WikiLeaks founders’ proclamations of tech giants’ Big Brother operations follows recent revelations that Apple, Microsoft and Google collect location-related information about customers who use devices that run their iOS, Windows Phone 7 and Android mobile operating systems.”

Revelations about so-called Location-gate sparked outrage (and a lawsuit) among customers, who were appalled that their mobile devices were used to keep track of their approximate movements.

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The uproar caused Apple CEO Steve Jobs to respond to the criticism, saying that “Apple is not tracking your iPhone.” Instead, “Apple is now collecting anonymous traffic data to build a crowd-sourced traffic database with the goal of providing iPhone users an improved traffic service in the next couple of years,” according to statement posted on the company’s website.

With the public becoming seemingly more wary of its supposedly “private” data being used by corporations, is Facebook the next to face its collective wrath?

Watch the full Assange interview below (Facebook comments begin around the 2:00 mark):

WikiLeaks Released 1,258 Hillary Clinton’s Emails in Connection to The Iraq War

It’s been a bad week for Hillary Clinton… and it’s about to get a whole lot worse, courtesy of WikiLeaks.

Later this week, the British Chilcot report on the Iraq war will finally be published, after an exhaustive  seven year process.

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By Nerti U. Qatja@VOP_Today

The report has been a thorn in George Bush BFF, and UK PM at the time, Tony Blair. Blair was a staunch ally of Bush, and the neocon drive to illegally invade Iraq. His support for the invasion, and the lies told in the run up to the war, will be outlined in the report.

Another staunch supporter of the Iraq war was Hillary Clinton. It’s hard to find a war Clinton did not champion, and the Iraq invasion was no exception.

Thanks to WikiLeaks, the American public, and entire world, will not have to wait seven years to figure out the reasoning for why Hillary was so gung-ho to topple Saddam, and plunge Iraq into the abyss.

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WikiLeaks has released 1,258 of Hillary Clinton’s emails in connection to the Iraq war and tweeted a link to their email archive from their official Twitter page.

Breitbart has more on the WikiLeaks cache of emails, and the latest Hillary debacle.

Wikileaks appears to have a substantial amount of information on Clinton, having already released a large archive of Clinton’s emails earlier in the year.

Breitbart has previously reported on Julian Assange’s claims that Google is complicit in the managing of Clintons online media campaign.

Released only a week after Bill Clinton’s meeting with Attorney General, Loretta Lynch and a day after Huma Abedins admission that Hillary Clinton had burned daily schedules, the contents of Hillary’s released emails, containing multiple interactions between Clinton and multiple white house officials, could be extremely damaging to Clinton’s current presidential campaign.

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WikiLeaks founder Julian Assange has previously stated that he has multiple leaks in store for Clinton and, as a free speech fundamentalist, believes that a Clinton presidency could be damaging.

“Of course, when she is in power…she is a problem for freedom of speech. We know what she is going to do. She made the chart for the destruction of Libya—she was involved in the process of taking the Libyan armory and sending it to Syria” said Assange in a video posted to YouTube.

With considerable criticism of Hillary’s work as Secretary of State and her recent comments expressing her regret at voting for the Iraq war, these leaked emails could be a source of insight into the presumptive Democratic nominee’s approach to foreign policy.

Julian Assange talks about Geopolitics, Hillary Clinton and TPP, TTIP, TISA

HAITI: ‘Cholera Epidemic’ Sponsored by UN – Killing 10,000 and Counting

Today, on its French-language web site CBC Radio-Canada published an article announcing the United Nations’ decision not to compensate the victims of the cholera bacterium its soldiers had introduced to Haiti since October 2010. The UN-caused epidemic has so far claimed over 8000 lives.

By Nerti U. Qatja@VOP_Today – Source: Jean Saint-Vil21st Century Wire

Radio-Canada’ s French article is accessible via the link provided below:

This is an English translation of the comment I entered, now awaiting moderator green light :

Adding ” which hit Haiti after the earthquake in 2010″ in the subtitle of your article is superfluous and feeds unnecessary confusion.

Several scientific studies have now unequivocally clarified this point. There is no link whatsoever between the earthquake and the cholera epidemic. It was UN Soldiers who infected the Haitian population with cholera by dropping their defecation into the river Mielle.

The UN is evading its legal and moral responsibility in this situation as it has also done in the face of multiple documented cases of rape, killings and brutality conducted by its  illegally deployed “peacekeepers” who are in Haiti for geopolitical reasons having nothing to do with the welfare of Haitians.

The victims of these foreign troops are considered too impoverished and too African to enjoy fundamental rights in a world ruled by unscrupulous multinational bandits.


Important references on the Cholera epidemic: No public outcry

L’ONU rejette une demande d’indemnisation de victimes du choléra en Haïti

   |  Radio-Canada avec Agence France-Presse

L’ONU décline toute responsabilité dans l’épidémie de choléra qui a frappé Haïti après le tremblement de terre en 2010.

See also:

UN rejects damage claim for Haiti cholera victims

By EDITH M. LEDERER | Associated Press

The word of Science

FLAGRANT DÉLIT (Caught in the Act)

After 5 years of total denial and what many would describe as an institutional cover-up, the United Nations has finally been forced to publicly admit that its own UN peacekeepers were responsible for the outbreak of cholera which as killed 10,000 and infected thousands of others so far, after the disease was introduced to Haiti six years ago in 2010. Haiti continues to suffer from the UN-induced epidemic until today. 

According to a recent report by one of the UN’s own top advisors, the epidemic was caused after 454 UN peacekeeper troops from Nepal set up camp in Haiti in 2010. Shortly after this new cholera strain was introduced, UN forces then helped to further spread the disease after allowing large amounts of its own untreated waste from the UN base to make its way into an adjacent river which fed local Haitian villages. Not long after, villagers began to get sick and die.

Even worse… thousands of lives could have easily been saved had the infected Cholera victims been supplied adequate amounts of clean water, as most cholera deaths are caused by severe dehydration resulting from symptoms of diarrhea and vomiting. Many Haitians who would normally drink from the river were unaware that the UN had infected it.

The UN’s record of denial and deflection this story is incredible. In a 2013 country report, the UN humanitarian office was still trying to shift the blame onto Haitians by citing their “poor Hygiene practice.”

The main cause for the persistence of cholera in Haiti is the lack of access to clean water and sanitation facilities and poor hygienic practices.

Big Problems Equals Big Money

To compound the problem, at the time the UN’s Big Pharma agents pushed their own ‘solution’ to the epidemic – to source 600,000 vaccines for the poor people of Haiti. Some officials claimed they needed to raise $5 million more in oder to enact this ‘solution’ to the outbreak. Other expensive excuses used to obfuscate the UN’s role in the thousands of dead included claims that the only way to rid poor Haiti of the disease was to raise a further $2 billion (in western corporate contracts, of course) “from the rich countries” in order to build a new water and sanitation infrastructure for Haitians.

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UN head Ban Ki-Moon on a photo-op in Haiti in 2010 (Article source: Zimbio)

Although know word so far from the obtuse UN Secretary General Ban Ki-moon, one of Moon’s surrogates issued a typical white-wash sounding bureaucratic half-hearted response saying that the UN “needs to do much more regarding its own involvement in the initial outbreak and the suffering of those affected by cholera.”

One can only wonder how the UN is allowed to get away with issuing such a weak statement – after 10,000 Haitians have been left dead by the UN’s own blunder – one which it has been systematically avoiding and denying over the last 5 years. 

Many 21WIRE readers already knew about this story a number of months ago from Dady Chery’sfirst appearance on the SUNDAY WIRE SHOW back on June 12, 2016, when the Haitian-born writer and activist exposed the institutional corruption of the United Nation and its celebrity-driven, international NGO Complex, as well as some very damning information regarding dubious international ‘charities’ like the Clinton Foundation and in particular, Bill and Hillary Clinton’s own role in propagating a culture of corporate and political corruption and the damaging cycle of ‘aid’ dependency in the poverty-stricken Caribbean island nation of Haiti.

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The United Nations silence about its own responsibility for this disaster is simple stunning – which only goes to show that those employed by the UN and those NGO gravy train riders making fortunes from UN-administered ‘projects’ – are more concerned with their high-paid career paths and lucrative supply contracts – than they are with talking responsibility, or being truly accountable for the situations they create.

The Dark Prison: Victims of the CIA’s Brutal Torture Programme Speak Out

Victims of the CIA’s brutal interrogation programme speak out about torture and its effect on their lives.

By Nerti U. Qatja@VOP_Today – Source: Al Jazeera

“In the immediate aftermath of 9/11 we did some things that were wrong. We did a whole lot of things that were right, but we tortured some folks.”

It’s been more than a year since US President Barack Obama admitted that the CIA tortured prisoners at its interrogation centres.

While the CIA has long admitted the use of waterboarding, which simulates drowning by pouring water into a person’s nose and mouth, a truncated and heavily redacted report by the Senate Intelligence Committee in December 2015 detailed other abuses that went beyond previous disclosures.

Reading like a script from a horror film, some of the techniques involved prisoners being slapped and punched while being dragged naked up and down corridors, being kept in isolation in total darkness, subject to constant deafening music, rectal rehydration and being locked in coffin-shaped boxes.

Critical to the development of the CIA’s brutal interrogation programme was a legal memo that said the proposed methods of interrogation were not torture if they did not cause “organ failure, death or permanent damage”.

Despite failing to produce any useful information about imminent terrorist attacks, the CIA meted out these and other brutal treatments for years after the September 11, 2001 attacks.

And with dozens of people having since been released without charge, and at least a quarter of them officially declared to have been “wrongfully detained”, the effects of torture live on with the victims, burned into their minds.

Fault Lines explores the plight of these men struggling to overcome their harrowing experiences of torture since leaving CIA-run black sites.

Editor’s note: In this two-part Fault Lines special, we expand on our original film The Dark Prison, exploring the plight of the men struggling to overcome their harrowing experiences of torture since leaving CIA-run black sites. The full one-hour documentary will be available online from September 13.

The dark prisoners: Inside the CIA’s torture programme

Despite US admissions that it tortured people after 9/11, little has been heard from the victims themselves.

“There is a proverb that a human being is stronger than a stone and more tender than a flower.” – Habib Rahman, brother of Gul Rahman (Prisoner #24) who died in CIA custody

Just days after the 9/11 attacks, US President George W Bush authorised the CIA to begin covertly detaining people it suspected of being terrorists. Within the year, Department of Justice lawyers provided the first set of memos that would draw a legal line between so-called “enhanced interrogation” and torture. Up to that point, secret imprisonment was considered a violation of human rights.

While I was starving, near freezing, naked and cut off from my family, my torturers would keep me awake for days…. From all the beatings, I learned that sleep meant pain.

Ammar al-Baluchi, victim of the CIA torture programme

CIA black sites were set up all over the world, and suspected terrorists were rendered, detained and subjected to brutal abuses: sleep deprivation, sensory deprivation, auditory overload, rectal rehydration, waterboarding and stress positions, as well as other forms of treatment designed to humiliate and degrade.

The torture years continued for nearly a decade until, in 2009, President Barack Obama signed an executive order putting an end to the practice.

In December 2014, the US Senate Select Committee on Intelligence (SSCI) released what is now known as the “Torture Report”, the 500-page executive summary of a roughly 6,700-page still-classified investigation. The abridged version was declassified despite fierce objections from the CIA, some Republicans and even the White House.

It revealed that the programme was not only more brutal than the CIA had let on for years, but also ineffective – suggesting that the agency had wilfully misrepresented its tactics’ usefulness to policymakers and the public. Dianne Feinstein, chairwoman of the Intelligence Committee, a Democratic senator from California who has supported the agency in the past, concluded that: “Under any common meaning of the term, CIA detainees were tortured.”

To this day, only one individual has been jailed in connection with the CIA’s torture programme: John Kiriakou, a former analyst and case officer-turned-whistleblower, who was the first person to confirm the agency’s use of waterboarding in 2007.

No survivor of the CIAs torture programme has had a day in a US court: claims have been repeatedly shut down by invoking state secrecy and immunity doctrines.

In the first year of his presidency, Obama said: “Nothing will be gained by spending our time and energy laying blame for the past.”

Still, survivors continue to seek accountability. ACLU lawyers are pursuing a case on behalf of three former CIA detainees, including Mohamed Ahmed Ben Soud, the family of Gul Rahman, and Suleiman Abdullah Salim. The case targets James Mitchell and John “Bruce” Jessen, the two psychologists contracted by the CIA to design and implement the agency’s torture programme.

While officials may prefer to close the book on that dark period in America’s history, for the CIA’s victims, the effects of their experiences live on in their bodies and minds. Within the Torture Report was an official list of 119 names belonging to men who had been detained and interrogated in secret prisons.

The list is a window into the breadth of the programme. According to The Bureau of Investigative Journalism’s Rendition Project, which has compiled some of the most extensive reporting on the individual cases to date, would-be CIA prisoners were picked up from more than 20 countries, with nearly 60 nations identified as being complicit in the rendition and/or detention of these prisoners.

Although detained as suspected terrorists, many of these men were never charged with crimes by the US. Many were picked up on the basis of thin or faulty intelligence; a few entered the programme because of mistaken identity. According to the SSCI review, 26 individuals did not meet the CIA’s own standards for detention.

A photo taken from a book assembled to commemorate the life of Gul Rahman, the only man known to have died in the CIA’s torture programme [Courtesy Dr. Ghairat Baheer]

Inside the Dark Prison

Although the locations of the CIA’s prisons have never been officially confirmed, more than half of the 119 CIA detainees are thought to have passed through a black site believed to be near the international airport in the Afghan capital Kabul.

It is widely believed to be the same prison that the Senate Investigation code-named “Detention Site Cobalt”. The men who had been detained there knew it as the Dark Prison. According to the Senate investigation, one CIA official described the place as a “dungeon” and considered the prison itself an “enhanced interrogation technique”.

Fault Lines sent several questions regarding “Cobalt” to the CIA. One, on behalf of a family whose loved one died in custody there more than 14 years ago, was simply, “Where is his body?”

In response a CIA spokesperson referred Fault Lines to documents on the CIA website, and sent back a statement that read, in part, “…the programme had shortcomings and the Agency made mistakes. CIA has owned up to these mistakes, learned from them, and taken numerous corrective actions over the years.”

The remains of the detainee were not mentioned.

The layout of the Dark Prison, as former CIA detainee Mohamed Ahmed al-Shoreiya Ben Soud recalls it [Courtesy of Mohamed Ahmed al-Shoreiya Ben Soud]

Are the torture years over?

Despite the disclosures of the Torture Report, the individuals who were detained have not been approached by the Senate for their testimony.

Today it happened to us; tomorrow it’ll happen to someone else… Maybe in the future the American government will consider some segment of the population as threats and it will torture them as well.

Mohamed Ahmed al-Shoreiya Ben Soud, former Dark Prison detainee

In the course of making The Dark Prison, Fault Lines spoke with 14 prisoners in almost a dozen countries, some of whom had never spoken to the media before – but all of whom had spent time in “Cobalt”.

Many were too traumatised, angry or afraid to speak on record, others were in countries Fault Lines could not access for security reasons.

Throughout this year’s presidential campaign, candidates such as Donald Trump and Ted Cruz have repeatedly called for techniques used during the US’s torture years to be reintroduced in the fight against the Islamic State of Iraq and the Levant (ISIL) group, which is also known as ISIS.

In response to the attacks in Brussels, Belgium, Trump said on the Today show, “If they could expand the laws, I would do a lot more than waterboarding.”

Mohamed Ahmed al-Shoreiya Ben Soud, one of the men who spoke to Fault Lines about his experience in the CIA’s programme, doesn’t think the torture years are officially over.

“Today it happened to us; tomorrow it’ll happen to someone else,” he said. “Maybe in the future the American government will consider some segment of the population as threats and it will torture them as well.”

Ben Soud’s story, as well as those of four other men, appear below – told, where possible, in their own words.


Prisoner #52: Mohamed Ahmed al-Shoreiya Ben Soud

Mohamed Ahmed al-Shoreiya Ben Soud’s detention began in April 2003. He was captured outside the house he lived in with his wife and daughter in Peshawar. Khalid al-Sharif, who was staying with Ben Soud, was detained with him.

Both men were native Libyans and were members of the Libyan Islamic Fighting Group (LIFG), a movement formed in the 1990s in external opposition to the authoritarian rule of Muammar Gaddafi. The US State Department labelled LIFG a terrorist group in 2004.

Ben Soud was in US custody for roughly 16 months after which he was released to the Libyans. He remained in jail in Libya for nearly seven years and was released in 2011.

In a series of interviews with Fault Lines, Ben Soud described what it was like in the Dark Prison – and also shared drawings of his memories of how the facility was laid out.

Fault Lines: How did you learn whose custody you were in?

Mohamed Ahmed al-Shoreiya Ben Soud: In my first interrogation shortly after having entered, I was brought in naked and stood there in the interrogation room. They removed the bag over my head. I found a female interrogator with the American intelligence saying to me in the harshest tone as she banged on the table, “You are now a prisoner of the United States of America. You now have no rights since the events of 9/11.”

Can you remember what the prison looked like?

The prison was basically a warehouse with a high ceiling. It was divided into two sections. One section consisted of interrogation rooms. Another section contained cells where prisoners were held.

Could you see into any of the other cells?

No, you couldn’t see anything. There was an opening that was about 10cm by 30cm below the door. That’s it. It was only for ventilation. There were metal bars through the opening. Perhaps they thought you could escape through the 10cm-by-30cm opening.

The entire building was dark. Inside the room it was dark. There was no light. When they would enter the cell, they would use a headlamp or a flashlight. I would not have known what the room looked like but for the flashlights they used. I would see what’s right next to me. Otherwise you learn by feeling. You figure out what you’re eating through feeling it. This is rice.

The music was miserable and filled the place. It was rock music, ugly and horrific.

What do you remember about the cell?

There was nothing in it. Just a small mattress. Everything else was a regular floor. What stood out to me was the bathroom that we would use, which was a bucket. We would remove the lid, and the smell would fill the room.

The area around the cells would be filled with mice. When they would give you the food, you would see a small amount of it left. The rest was eaten by the mice.

Mohamed Ahmed al-Shoreiya Ben Soud’s drawing of the cell he lived in for a year in the Dark Prison [Courtesy of Mohamed Ahmed al-Shoreiya Ben Soud]

You can still picture it exactly?

Yes, exactly. I lived in this cell for an entire year. I memorised its details and still remember them now. Its measurements, how it looks, the writings I wrote on the wall. These details are carved in my mind.

This ring, which was hung up from the ceiling, we were hung from it, in different positions. We suffered from it a lot. We would be hung for long periods and we would be in tiring and exhausting positions. The prisoner would sleep while his hands and feet hung from the ring. The guard would pass by here and use his flashlight to see that you were awake and not asleep.

The first five months that we spent in this room, we did not take a shower. We did not touch water unless we were being tortured. Our hair was not cut. Our fingernails looked scary. Five months without any care or attention. After five months, on September 3, 2003, they allowed us to cut our nails, to use the bathroom, to wash ourselves, once a week. They started to cut our hair. This was a very difficult time. Everything, every section of this room, tells a story of great suffering.

The water that we used to use to drink, wash and use for the bathroom was two small bottles. Each bottle was 1.5 litres. Three litres a day you would drink, wash your face, that was it. They would not give us clean water, but a metal jug filled with dirty water.

Can you tell us more about how they used the ring?

My left leg was broken. When they would put us in this stress position, they would tie my two hands to my right leg. Right now I have to lean on my left side so that I can have some relief. Even now, if I sit on my left leg, even for a little while, I immediately don’t have any feeling in it. Even if I walk for a little bit, I still feel pain.

They could do anything – hit, kill… anything. Because there were no human rights, no humanity, no principles, no ethics…. No one was holding them accountable or supervising them.

Mohamed Ahmed al-Shoreiya Ben Soud, former Dark Prison detainee

We’ve heard about a smaller room where prisoners were occasionally taken.

Did you see it? 

It was a cell. Or rather, it was a grave.

There was a rod that hung from the highest ceiling. It was all covered in blood. They would hang the prisoner’s hands from the ceiling, with this rod. So the prisoner’s toes would barely touch the floor.

I was hung from this place for a day and a half, and my leg was broken. The blood went down to my leg so it got swollen. It was frightening. For a day and a half, I did not drink water or use the bathroom or pray. I was naked.

The entire time we were in this place, the most dangerous thing I was thinking of was that they had no red lines.They could do anything – hit, kill, they could do anything. Because there were no human rights, no humanity, no principles, no ethics.

This is what was scary about this place. There were no limits, there were no standards as far as how these people would act. No one was holding them accountable or supervising them.

What do you think they were trying to achieve with this treatment?  

I think that the lone intention was to break our spirits as prisoners, to break our will so we would reach a point of personal deterioration and lose hope for everything.

One of the sleep-deprivation tactics used as part of the CIA’s enhanced interrogation programme involved suspending prisoners by their hands from a metal bar near the ceiling of a cell so that their feet barely touched the ground [Courtesy of Mohamed Ahmed al Shoreiya Ben Soud]

Prisoner #37: Ghairat Baheer

In the 1980s, Dr Ghairat Baheer was a political ally of the United States. He was a senior member of Hizb-e-Islami, an armed, counter-insurgent group within the Afghan mujahideen that drove the Soviets out of Afghanistan and was supported by the CIA.

In the decade following the Soviet withdrawal, Baheer was part of official channels between Afghanistan and other countries, including Australia and Pakistan.

Things changed after the 9/11 attacks. Gulbuddin Hekmatyar, the leader of Hizb-e-Islami and Baheer’s father-in-law, opposed the US invasion and occupation of Afghanistan.

Baheer brought Fault Lines to a quiet neighbourhood of Islamabad where he was arrested in his home on October 29, 2002. Walking through the deserted residence brought back many difficult memories for the 53-year-old doctor and politician.

“It was two in the morning. They were pressing that bell at my house. My eldest daughter was suffering from hepatitis A and had a pretty severe fever, and I was awake sitting with her. I came out and opened the gate. I think more than 30 people entered. They had guns and pistols. They said: “We’re going to search the house.”

Interrogation was another torture…. If you’re not cooperating, they will put you in a long box, like a coffin, and they will close the door on you. There is no oxygen. It’s completely closed. Stones are put on your top. You feel as if you’re dying.

Ghairat Baheer, former Dark Prison detainee

They tied my hands and ankles, put goggles [over my eyes], mufflers over my ears and put a hood on me. I could not breathe. There was a chain from my ankles to my waist. It was very difficult to walk. They were punching me and pushing me backwards and forwards.

My wife was in the house and my five daughters and two sons. The eldest daughter at the time was in grade 11, and the youngest was a six-month-old baby. I didn’t say goodbye, there was no opportunity given.

This was the last time I saw my family for six years.

I was a peaceful man. I was a politician. During the jihad period, everyone participated in armed struggle against the Soviet occupation of Afghanistan. Even in that time, I remained on the political side of the Afghan struggle. After 9/11, I was vocal in my opposition to America’s policy towards Afghanistan and the region.

Americans believe in freedom of speech. I was not doing anything related to any kind of militancy. There was no link between me and the Taliban. There was no link between me and al-Qaeda.

I was shifted to Kabul. The facility as a whole was dark. The Americans working there were using torches in order to see. It had three loudspeakers – they were on 24 hours, with a very huge voice, Michael Jackson or some other stuff. You could not hear anything else. They would not let you sleep. Once in a month they used to change the cassette. So in this period of two or three or four minutes, we could feel some kind of calmness.

At one stage I almost reached a breaking point. I was in that Dark Prison. I had a very high fever, I had a very severe stomach problem. I was starving to death, almost. I was beaten very badly. The room was very cold. An American guard was passing, and I told him I’m sick, please take me to the doctor. He hit me with his torch. I became unconscious. The waste bucket also dropped on the floor, so the room was very messy and smelly. Then they took me to the interrogation.

Interrogation was another torture. You are locked to the wall. They will not let you sit down. Two people will be punching you. If you’re not cooperating, they will put you in a long box, like a coffin, and they will close the door on you. There is no oxygen. It’s completely closed. Stones are put on your top. You feel as if you’re dying.

I was not expecting that I would survive or that one day I would be a normal human being living with my family.

My release was extraordinary. I was brought from prison to the palace, and I was the guest of Afghan President [Hamid] Karzai for at least one week. I then met my family members and one of my daughters who is now finally at medical college. Her name is Tiaba.

I was asking, “Where’s Tiaba?” She was standing in front of me. She says, “I’m Tiaba.” I said, “Is that you? You have grown up.”

Dr Ghairat Baheer with Fault Lines correspondent Sebastian Walker outside his home in Islamabad where he was arrested in 2002 [Singeli Agnew / Al Jazeera]

Prisoner #24: Gul Rahman

Ghairat Baheer was not taken into custody alone. When security forces came to arrest him in October 2002, his driver, two security guards and a former employee named Gul Rahman were also taken into custody. Rahman was in Islamabad for an appointment with an asthma specialist and had planned to spend the night with the Baheer family before returning home.

Rahman would become Prisoner #24 in the CIA’s programme. His interrogation included “rough takedown” – where interrogators bum-rushed a prisoner in his cell, stripped him naked, placed a hood over his head and assaulted him – and “cold water dousing”.

He is the only CIA prisoner acknowledged by the agency as having died as a result of his treatment.

The SSCI report cites an internal CIA review of Rahman’s death, which determined he most likely died of hypothermia. He was “short-chained” to a wall, with his hands and feet bound closely together, and left half naked in the Dark Prison where temperatures dipped to near freezing.

Rahman died only weeks after he was detained, but it would be years before his family would learn of his death. That was thanks to Kathy Gannon and Adam Goldman’s reporting for the Associated Press in 2010. Rahman’s relatives said they weren’t able to believe the story until the Senate report confirmed it.

The Rahman family lives in the Shamshato refugee camp on the outskirts of Peshawar. The camp is usually off-limits to journalists, but Fault Lines was able to enter it and speak to members of the Rahman family with the help of Baheer.

Habib Rahman, Gul Rahman’s brother:

“If I were to tell you the memories I have about my brother, they would never end. I wish you had the time to stay with me for a night and I could understand your language, so that I could tell you what kind of a personality he had.

I never saw or heard anything from him that made me disappointed in him. He was nice to everyone. He was very special and very caring.

After he was arrested, I made a lot of effort to find a channel to contact the Americans. I would spend two or three months at a time in Kabul, but no one would listen to me. The Americans denied to us that they were holding him. We thought he was with the Pakistanis, and that he was alive.

They should have told us the truth. They should have given us his body.

Now we are asking: Why was it kept a secret? What had Gul Rahman done? The important thing for us is that the persons involved in this crime receive punishment. I wish that they are dealt with in accordance to the law, that justice is done.”

Hajira, Gul Rahman’s eldest daughter:

“Americans themselves always speak out on human rights. If they want to implement them, then this is the time. Why did these criminals kill my father in this manner? Why did they put him in such a cold place? What proof did they have for what they did to my father?

Even now they should give us his body. They should find it. Those who did this injustice to my father know where it is. They should give us his body so we can bury it according to Islamic culture.”

Obaidullah, Gul Rahman’s nephew:

“I read the [Senate] report. It was a bit of a shock to think how the human mind could arrange this kind of interrogation. I was crying because of my uncle. That was the first time that we understood the Americans had used these methods to intimidate him.

The psychologist – I think he’s responsible for all these things that were done. He is the one who was leading the interrogation process. He was a psychologist, not an official CIA man. He was controlling, ordering and doing all those cruelty techniques to my uncle.

If I had a chance to speak with the Americans, I would ask them, are you human? I don’t think that a human would do these things, this cruelty.

My uncle died in 20 days. Our family waited 14 years with no information.”

“Since that year and until now, my body is on fire. How can one forget her child? Our grief is the same every night. It has never changed.Morwary, Gul Rahman’s mother: 

What crime did my son commit? If he had committed a crime, you could have detained him for 10, 20 years or maybe a lifetime. But at least tell us what his crime was. There was no trial for him. He has died, and we don’t even have his body.

I only say this: Did he commit such a big crime that you hid his bones from us?

Prisoner #55: Ammar al-Baluchi 

He is portrayed in the opening scenes of the controversial movie Zero Dark Thirty as a detainee who the CIA says provided useful information under torture. The agency has cited his case to justify its use of enhanced interrogation techniques, but the Senate investigation refuted the claim.Ammar al-Baluchi is the nephew of alleged 9/11 mastermind Khalid Sheikh Mohammed. He is accused of transferring money to the hijackers. A citizen of Pakistan, he was captured there in 2003 and spent his first days in CIA custody at the Dark Prison.

Baluchi was one of 36 CIA detainees who were then sent on to Guantanamo. Until recently, even the memories of these detainees were considered classified information by the US government. According to Baluchi’s attorney, James Connell, since the release of the Senate investigation summary, that designation has slowly started to change.

Fault Lines sent a list of questions to Baluchi focusing specifically on the enhanced interrogation techniques he experienced in US custody. He answered some of them in his own handwriting; others were retyped during a government classification review process. (Some were either not answered or did not pass the classification review process.) Below is a portion of that Q&A, which constitutes the first time Baluchi has communicated directly with the media.

Fault Lines: Can you describe how water was used during your “interrogations?”

Fault Lines: How was sleep deprivation used during interrogations, and what effect did it have on you?

Fault Lines: What was the single worst experience you had while being interrogated by the CIA?

Fault Lines: Is there anything you would like to say to the designers of the CIA programme or your interrogators?

Prisoner #24: Jamil El-Banna 

El Banna had told his wife he had be in Gambia for two to three weeks. He wasn’t able to speak to her again for more than four years. According to the CIA torture report, el Banna (or number 36) was in the Dark Prison for six or seven days.In 2002, during a business trip to Gambia, Jamil El Banna says he was kidnapped by Gambian intelligence officers and handed over to Americans. He would soon end up on the floor of a private plane to Kabul with his legs and hands bound.

He disputes this, claiming he was there between three weeks and a month before being transferred to a military prison in Bagram, 50km north of Kabul. Three and a half months after his initial detainment, he would be taken to Guantanamo Bay.  

During his interview with Fault Lines last summer in London, he noted that the sound of an airplane passing over reminded him of his five years in captivity.

Fault Lines: You remember your experiences when you hear the noise of a plane?

El Banna: I always remember them. I’d never forget. They were very tough times. I try to forget, but I can’t. The horrible moments, the insults, the torture. There are some things I have forgotten.

In the report on the CIA torture programme, it says you were put in a “stress position” while in the Dark Prison. Can you describe what it was?

What is meant by “stress position” is that they tie your arms to a metal bar, so you’re half-standing. So neither standing nor sitting, practically bent over. You can’t move at all. You’re stuck. There are placeholder holes in the wall. They tie you up like this for days. Then they bring it down and tie you like this. And then they lower it further.

My back probably can’t straighten itself any more. It’s angled a bit. So imagine being in this position for three or four days. And then they’d tie you to the ground and you wouldn’t be able to stand up or move at all. Of course you’re hands are tied up. You’re abdomen is tied up. Your feet are tied up, and then you’re tied to the wall. This is the torture that is called “stress position”.

They just left me for a whole month. I would scream at the top of my lungs because of how painful it was. At that moment, I preferred death, and not to be tortured in this manner.

You’ve gone through this horrific ordeal. How does it affect your life today?

Of course my memory, I’ve lost it. I’ve lost the ability to focus and to remember. I could put this phone down here and then forget where I put it. Previously my memory was excellent. My wife tells me my memory is gone. She’s the one who tells me these things.

I also have night terrors. My wife knows this best. I wake up scared, lost and sweating. In those moments, I’m remembering those situations.

My back is in pain. I can’t stand for more than 10 minutes. I’m taking pills. Sometimes I can’t sleep because I get extremely worried. I have prescription sleeping pills so I can sleep.

Can you estimate how long will it take before you can put that experience behind you?

I don’t think that’ll happen. I’m going to stay like this. I’m going to remember everything and what I’ve lost. My brothers are gone. My mother is gone. [Editor’s note: All died while El Banna was in custody.] Those losses have shattered my heart. They’ve had a vast impact on me. How could I have a normal life? I can’t.

Do you think you were a different person than you were before?

Of course. When I entered Guantanamo, I was in my 40s. I had dark hair and a dark beard. When I left, all my hair was white.

Do you ever get depressed? Have there been any other psychological impacts?

If I get depressed, I take a pill and I feel better. I have a report on my case written by top doctors that’s about 200 pages on my psychological situation.

How often do you talk about your experiences with family and friends?

I don’t talk about it typically. This is the first time I talked about it to anyone. I get depressed when I talk about it. I get dizzy. I don’t like to talk about it.

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62 Members Of The Elite Have As Much Money As The Poorest 3.6 Billion People On The Entire Planet

Did you know that the top 1% has more wealth than the rest of the planet combined? And just 62 ultra-wealthy members of the elite have as much money as the poorest 3.5 billion people on the entire planet. These brand new numbers come from a shocking report that was just put out by Oxfam, and they show that income inequality continues to grow at a very rapid pace all over the world.

By Nerti U. Qatja@VOP_Today

As you will see below, the total wealth of the poorest half of the global population has plunged by 41 percent since 2010 while the wealth of the elite has continued to surge upward. The debt-based financial system that now has the entire planet in its grip funnels wealth to the very top, and the global elite are more than happy to hoard as much of it as they possibly can.

In our world, money is power, and the elite are continually becoming more powerful. The following comes from the Independent, and I think that these numbers truly speak for themselves…

Wealth inequality has grown to the stage where 62 of the world’s richest people own as much as the poorest half of humanity combined, according to a new report.

The research, conducted by the charity Oxfam, found that the wealth of the poorest half of the world’s population – 3.6 billion people – has fallen by 41 percent, or a trillion US dollars, since 2010.

While this group has become poorer, the wealth of the richest 62 people on the planet has increased by more than half a trillion dollars to $1.76 trillion.

Back in 2010, 388 members of the elite had as much wealth as the poorest half of humanity. But since then that number has been steadily falling and now it is down to just 62. At this pace, Oxfam is projecting that in just a few years a single person will have as much money as the poorest half of the global population combined.

As I mentioned above, a big reason for this trend is the financialization of the global economy. All over the world, governments, businesses and individuals have been trained to binge on debt, and all of this debt is systematically impoverishing us. Whenever we borrow money, we always have to pay back more than we borrow, and this funnels wealth to the very top of the pyramid.

Since the last financial crisis, the total amount of debt in the world has absolutely exploded. At this point it is sitting at more than 200 trillion dollars, and all of that debt enriches the ruling class. The more money they get, the more they are able to impose their will on the rest of us, and that is not a good thing.

You may think that you can change your destiny at the ballot box, but history has shown that this is a rather fruitless exercise. The candidate with the most money almost always wins, and so the elite just buy and sell politicians like trading cards. And most politicians are members of the elite anyway. In the end, it is very rare to see a true “outsider” have any sort of sustained success in the political arena.

Unfortunately for the elite, the massive global financial bubble they have created is beginning to burst, and this could have very serious consequences for them. As USA Today is reporting, many of the elite are in a rather glum mood as they gather in Davos, Switzerland for their yearly confab…

Among the elite 2,500 executives and world leaders slouching toward Davos by train, Mercedes limo and helicopter this year, there is a single, depressing refrain — at least it’s not 2008.

There’s nothing to focus the mind of the collective corporate aristocracy like a markets crisis, and January 2016 hasn’t failed to deliver. While European markets were stable Monday after last week’s brutal sell-off, oil continued to fall as Iran prepares to dump 500,000, sanction-free barrels a day on world markets.

I talked about the nightmarish oil crash that we are witnessing in my latest articleon The Economic Collapse Blog. This oil crash has pushed markets all over the world into bear market territory, and panic is spreading like wildfire. The following list from Wolf Richter shows just some of the major stock markets that have now fallen more than 20 percent from the peak…

France: -20.6 percent

Germany: -23.3 percent

Sweden: -24.0 percent

Singapore: -27.0 percent

Canada: -27.5 percent

Spain: -28.5 percent

Hong Kong: -32.7 percent

Brazil: -37.5 percent

China (Shanghai Composite): -43.7 percent

Italy: -45.1 percent

Saudi Arabia: -50.4 percent

If the damage stopped here, it would still be a major crisis. But at this point there are many analysts that are forecasting that this new crisis will ultimately turn out to be far worse than what we experienced in 2008. One of those analysts is Albert Edwards of Societe Generale

Albert Edwards, an analyst from french bank Societe Generale, predicts global deflation is going to wipe out 75 percent of the value from the S&P 500.

Edwards’ warning comes on the heels of last weeks drastic and ongoing devaluation of the Chinese currency, tanking oil prices, and major stock selloffs throughout the worlds markets.

In his stark investment note to clients Friday, Edwards blamed the present market turbulence on the Federal Reserve and its British and European central bank counterparts for introducing Quantitative Easing (QE) schemes to their markets, which first began the inflation in prices globally.

If Albert Edwards is right and we do see a 75 percent decline of the S&P 500, the global economy will plunge into a full-blown depression. Big financial institutions will implode left and right, and we will experience a “credit crunch” far greater than what we witnessed in 2008 and 2009. The banks that survive won’t want to lend to one another or to anyone else, and economic activity will grind to a standstill.

What that will mean for ordinary people is this – millions of jobs will be lost and millions of families will no longer be able to pay their bills. Poverty and homelessness will absolutely explode, and economic despair will be everywhere.

The elite will suffer too, but it is during times of great crisis that the elite make their boldest moves. They love to create order out of chaos, and they love to offer us “solutions” for problems that they originally had a hand in creating.

As bad as things are right now, the truth is that they are about to get a lot worse. And the eventual “solutions” that we will be offered will inevitably result in even more power and more money ending up in their hands.

The game is rigged and the elite are running the show.

But when the wheels of the bus come off this time, will the elite be able to retain control?

Only time will tell…