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	<title>Jason Zhao Blog</title>
	
	<link>http://jasonzhao.hotpng.com</link>
	<description>blogging, wordpress, finances, making money and basically anything that catches my interest.</description>
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		<title>Airport security puzzles me</title>
		<link>http://jasonzhao.hotpng.com/2009/03/27/airport-security-puzzles-me.html</link>
		<comments>http://jasonzhao.hotpng.com/2009/03/27/airport-security-puzzles-me.html#comments</comments>
		<pubDate>Fri, 27 Mar 2009 15:36:23 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Thoughts]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/?p=28</guid>
		<description><![CDATA[I find it hard to understand that we are not allowed to bring small swiss army knives onto a airplane, but once we are on the plane, we receive a metal butter knife and a metal fork for the meals, not to mention an abundance of glass bottles that can be easily broken and turned [...]]]></description>
			<content:encoded><![CDATA[<p>I find it hard to understand that we are not allowed to bring small swiss army knives onto a airplane, but once we are on the plane, we receive a metal butter knife and a metal fork for the meals, not to mention an abundance of glass bottles that can be easily broken and turned into a deadly weapon.</p>
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		<title>My thoughts on the stimulus</title>
		<link>http://jasonzhao.hotpng.com/2009/02/13/my-thoughts-on-the-stimulus.html</link>
		<comments>http://jasonzhao.hotpng.com/2009/02/13/my-thoughts-on-the-stimulus.html#comments</comments>
		<pubDate>Fri, 13 Feb 2009 19:31:11 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Thoughts]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/?p=27</guid>
		<description><![CDATA[1. The sub-prime market existed because semi-government agencies Fannie Mae and Freddie Mac started to purchase these sub-prime loans by face value! They were forced to do so due to a government initiative to make housing more &#8220;affordable&#8221; for low incoming individuals. This meant lenders can just give anyone a mortgage and then immediately cash [...]]]></description>
			<content:encoded><![CDATA[<p>1. The sub-prime market existed because semi-government agencies Fannie Mae and Freddie Mac started to purchase these sub-prime loans by face value! They were forced to do so due to a government initiative to make housing more &#8220;affordable&#8221; for low incoming individuals. This meant lenders can just give anyone a mortgage and then immediately cash out the loan by selling it to Fannie or Freddie, pocketing the profit immediately.  There was no need for &#8220;qualifications&#8221; such as credit check and incoming verification, since there was virtually no risk to the lenders, why would they check for such things?</p>
<p>2. Of course risk does exist because the majority of sub-prime borrowers can&#8217;t possibly pay back the loan once housing market started to decline. When this happened, Fannie Mae and Freddie Mac immediately went to the edge of bankruptcy, now taken over by the federal government and required over 300 billion dollars to guarantee their sub-prime portfolio. Ultimately, it is the federal government who created this crisis and screwed numerous insurance companies and investment banks.</p>
<p>3. Why did the government do this? Consolidation of power! that&#8217;s why! All banks are not created equal. JP Morgan Chase, by far the biggest player on wallstreet, miraculously did zero sub-prime investment, are they that much better than everyone else or do they know the future? JP Morgan took over Bear Stearns right after the crisis unfolded. Bank of America, controlled by the Federal Reserve (largest shareholder), took over Merrill Lynch. We all know who control the Federal Reserve, right? powerful bankers like the Rothschild Family and the Rockefeller Family. This is just a case of big fish eating little fish, using the crisis as a smoke screen, they probably manufactured the crisis. Why buy Bear Stearns at $80 a share, when you can create a crisis and then buy Bear Stearns and others for $1 a share?</p>
<p>4. Stimulus package: guess who got most of the stimulus package? that&#8217;s right, the bankers. A whopping 70% of the two stimulus (Bush 700B + Obama 850B) went to the bankers. So they could continue to pay their top executive billions of dollars in bonus. Obama proposed a pay cap for companies receiving government aid, this was secretly taken out of the final bill. Did you think the slaves can put a limit on their master? I didn&#8217;t think so either.</p>
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		<title>Financial Terrorism</title>
		<link>http://jasonzhao.hotpng.com/2008/10/12/financial-terrorism.html</link>
		<comments>http://jasonzhao.hotpng.com/2008/10/12/financial-terrorism.html#comments</comments>
		<pubDate>Sun, 12 Oct 2008 16:24:12 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Thoughts]]></category>
		<category><![CDATA[banks]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/?p=26</guid>
		<description><![CDATA[1. lend money to people with no job or proven income.
2. sell the mortgage to insurance companies and other countries as mortgage backed security.
3. ???
4. Profit!
I never understood how can the American people still think they need to &#8220;bail out&#8221; the banks when it is the banks that is robbing them of everything. I would [...]]]></description>
			<content:encoded><![CDATA[<p>1. lend money to people with no job or proven income.</p>
<p>2. sell the mortgage to insurance companies and other countries as mortgage backed security.</p>
<p>3. ???</p>
<p>4. Profit!</p>
<p>I never understood how can the American people still think they need to &#8220;bail out&#8221; the banks when it is the banks that is robbing them of everything. I would like to ask this question, who got the money?</p>
<p>It is not the borrowers that are defaulting, because they borrowed the money to buy houses, now the houses are gone, in the hand of the banks.</p>
<p>It is not the insurance companies or the countries who bought these &#8220;mortgage backed securities&#8221;, they were the ones that was hit the most, we know iceland just went bankrupt.</p>
<p>It is the BANKS! They are now owning millions of house and getting trillions of dollars from the Feds, and we all know who owns the Federal Reserve, yes the BANKS. Feds says they gave the banks money so they can lend, but we all know they are NOT lending right now, what are they waiting for? They are using the money to crash the stock market even more, so they could buy good companies for pennies and own even more assets that used to belong to the American people. Once again, the American people has been held hostage by the banks and lost their houses and investments.</p>
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		<title>The Problems of American Corporations</title>
		<link>http://jasonzhao.hotpng.com/2008/07/02/the-problems-of-american-corporations.html</link>
		<comments>http://jasonzhao.hotpng.com/2008/07/02/the-problems-of-american-corporations.html#comments</comments>
		<pubDate>Wed, 02 Jul 2008 16:16:14 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Thoughts]]></category>
		<category><![CDATA[American corporation]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[companies]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/?p=25</guid>
		<description><![CDATA[1. American companies take too much interest in mergers and acquisitions. It is just a money game and nothing productive can come out of it. Tell me 1 successful merger and I&#8217;ll show you 100 failed mergers, AOL Time Warner anyone?
2. American companies pay too much for management. Many company&#8217;s top management take as much [...]]]></description>
			<content:encoded><![CDATA[<p>1. American companies take too much interest in mergers and acquisitions. It is just a money game and nothing productive can come out of it. Tell me 1 successful merger and I&#8217;ll show you 100 failed mergers, AOL Time Warner anyone?</p>
<p>2. American companies pay too much for management. Many company&#8217;s top management take as much as half of the company&#8217;s profits! This has hurt many companies and driven them to bankrupcy.</p>
<p>3. Reliance on innovation. American companies like to be creative and innovative. This is a good thing. But too often these companies focus only on innovating but not perfecting what they already producing. This has made many American companies to lose ground to Japanese companies.</p>
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		<title>Mozilla: Final Version of Firefox 3 Will Ship in June 2008</title>
		<link>http://jasonzhao.hotpng.com/2008/04/01/mozilla-final-version-of-firefox-3-will-ship-in-june-2008.html</link>
		<comments>http://jasonzhao.hotpng.com/2008/04/01/mozilla-final-version-of-firefox-3-will-ship-in-june-2008.html#comments</comments>
		<pubDate>Tue, 01 Apr 2008 13:05:25 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[firefox]]></category>
		<category><![CDATA[mozilla]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/2008/04/01/mozilla-final-version-of-firefox-3-will-ship-in-june-2008.html</guid>
		<description><![CDATA[The final release of Firefox 3 is due in June, the company said Wednesday during a roundtable discussion with a small group of tech bloggers.During the event, the key members of the Mozilla team, including CEO John Lilly, gave a quick overview of the product release schedule for the next version of the open source [...]]]></description>
			<content:encoded><![CDATA[<p>The final release of Firefox 3 is due in June, the company said Wednesday during a roundtable discussion with a small group of tech bloggers.During the event, the key members of the Mozilla team, including CEO John Lilly, gave a quick overview of the product release schedule for the next version of the open source web browser.</p>
<p>According to VP of engineering Mike Schroepfer, the first Release Candidate will ship in early May. The RC1 stage is the point at which most of the larger extension developers re-work their code to be fully compatible with Firefox 3. So if your favorite extension isn&#8217;t yet working, you&#8217;ll only have to wait another month or so.</p>
<p>Right now, the latest Firefox 3 release is <a href="http://developer.mozilla.org/en/docs/Firefox_3_for_developers">beta version 4</a>. The Firefox 3 betas have about 700,000 users right now &#8212; a small but dedicated chunk of Firefox&#8217;s entire user base of 160 million people. The public release of Beta 5 will be out the first week of April (the nightly builds are available for testing now), and that will be the last beta release before Firefox enters the release candidate stage.</p>
<p>I would suggest everyone to refrain from upgrading until all Firefox 3.0 compatible plugins has been released! or end up in a world of pain and suffering caused by imcompatible plugins!</p>
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		<title>Your ISP is raping your torrents</title>
		<link>http://jasonzhao.hotpng.com/2008/03/29/your-isp-is-raping-your-torrents.html</link>
		<comments>http://jasonzhao.hotpng.com/2008/03/29/your-isp-is-raping-your-torrents.html#comments</comments>
		<pubDate>Sat, 29 Mar 2008 13:00:51 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[BitTorrent]]></category>
		<category><![CDATA[BT]]></category>
		<category><![CDATA[ISP]]></category>
		<category><![CDATA[torrent]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/2008/03/29/your-isp-is-raping-your-torrents.html</guid>
		<description><![CDATA[The developer of azureus have a wiki listing ISPs that block or scramble your torrent traffic, some of the worst ISPs are Comcast, Adelphia, Cablevision and RCN (I especially hate RCN).
Anyway, here is the list: azureus bad ISP list
]]></description>
			<content:encoded><![CDATA[<p>The developer of azureus have a wiki listing ISPs that block or scramble your torrent traffic, some of the worst ISPs are Comcast, Adelphia, Cablevision and RCN (I especially hate RCN).</p>
<p>Anyway, here is the list: <a href="http://www.azureuswiki.com/index.php/Bad_ISPs">azureus bad ISP list</a></p>
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		<title>My top 5 favorite games in the past 10 years</title>
		<link>http://jasonzhao.hotpng.com/2008/03/26/my-top-5-favorite-games-in-the-past-10-years.html</link>
		<comments>http://jasonzhao.hotpng.com/2008/03/26/my-top-5-favorite-games-in-the-past-10-years.html#comments</comments>
		<pubDate>Thu, 27 Mar 2008 03:54:35 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Thoughts]]></category>
		<category><![CDATA[games]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/2008/03/26/my-top-5-favorite-games-in-the-past-10-years.html</guid>
		<description><![CDATA[5. Diablo Series - the first one was especially stunning, absolutely beautiful graphics and advanced game play for the time. The 2nd one was also very good, but less stunning. Total time spent playing: 200 hours.
4.  Heroes of Might and Magic &#8211; I did not play HOMM 1, I started playing HOMM at version [...]]]></description>
			<content:encoded><![CDATA[<p><strong>5. Diablo Series </strong>- the first one was especially stunning, absolutely beautiful graphics and advanced game play for the time. The 2nd one was also very good, but less stunning. <em>Total time spent playing: 200 hours.</em></p>
<p><strong>4.  Heroes of Might and Magic</strong> &#8211; I did not play HOMM 1, I started playing HOMM at version 2. I have played HOMM 2, 3, 4 and 5. Here are my opinions regarding these versions. HOMM 2 was really beautiful, although primitive. It got me hooked on this amazing series. HOMM 3 was THE most classic version of the game, deep and beautiful. HOMM 4 was ok, the graphics was ugly but game play improved somewhat, although I prefer 3 over 4. HOMM 5 was beautiful, amazing and deep. But 5 did not exceed my expectations. <em>Total time spent playing: 500 hours.</em></p>
<p><strong>3. Counter-Strike</strong> &#8211; Ah! the oh so popular FPS, there are still millions of people playing this 10 year old game. My personal record is 23-0 on a full 36 slot public server. Favorite weapon: MP5 sub-machine gun! n00b! <em>Total time spent playing: 1000 hours.</em></p>
<p><strong>2. Warcraft Series </strong>- I only started to play warcraft with version 3 and I never stopped playing it. I must have played it for over 5 years. Actually to say warcraft is inaccurate, although I do play ladder quite a bit, but I mostly play DOTA (Defense Of The Ancients) custom map. I started with the RoC DOTA and then went on to play FZ DOTA AllStars. I used to play with the top tier clans such as Clan WARD and such. <em>Total time spent playing: 5000 hours.</em></p>
<p><strong>1. MUD</strong> &#8211; yes that&#8217;s right, my most favorite are those text-based MUD(multi-user dungeon) games. I started playing MUDs in 1997 and still play it to this day. I picked up programming and Computer Science because of this. Using zMUD I programmed the first fully automatic robot on my server! Playing MUD is a total life blackhole. At the most intense moments of my MUD career, I played for 13 hours per day non-stop, only eating cookies and instant noodles for food. <em>Total time spent playing: countless</em></p>
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		<title>Rise of the Masters – Post 3 – The hundred year war between intl bankers and US Presidents</title>
		<link>http://jasonzhao.hotpng.com/2008/02/14/master003.html</link>
		<comments>http://jasonzhao.hotpng.com/2008/02/14/master003.html#comments</comments>
		<pubDate>Thu, 14 Feb 2008 14:31:23 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
				<category><![CDATA[Thoughts]]></category>
		<category><![CDATA[Rise of the Masters]]></category>

		<guid isPermaLink="false">http://jasonzhao.hotpng.com/2008/02/14/master003.html</guid>
		<description><![CDATA[“I have two great enemies, the Southern Army in front of me &#38; the financial institutions at the rear, the latter is my greatest foe. Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon [...]]]></description>
			<content:encoded><![CDATA[<p>“<strong>I have two great enemies, the Southern Army in front of me &amp; the financial institutions at the rear, the latter is my greatest foe. Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless.</strong>” &#8211; <a title="Abraham Lincoln" href="http://en.wikipedia.org/wiki/Abraham_lincoln" target="_blank">Abraham Lincoln</a>, 16th President of the United States</p>
<p>The United States of America is a very unique country, her quick rise to power and immense influence in the world is unprecedented in human history. The rise of the US is filled with meddling of European powers and full of conspiracies, especially the infiltration by the international bankers.</p>
<p>Democracy is designed and implemented to defend against feudalism and dictator, it has achieved incredible success in this regard, however, democracy has no immunity for a new breed of fatal virus, the power of money. Democracy has no defense against the international bankers, the bankers take control of countries by taking control of their money. The &#8220;Super Money Banker Group&#8221; and the democratically elected US government fought against each other fiercely before and after the civil war. During this period of over 100 years, 7 US Presidents were assassinated (some unsuccessfully), numerous Congressman were killed. As historians has pointed out, US President&#8217;s death rate is higher than the front line troops during World War 2.</p>
<p><span id="more-21"></span></p>
<p><strong>1. Assassinating President Lincoln</strong></p>
<p>After 4 long years of hard fighting and cruel civil war, President Lincoln received news of the surrender of the South. What a relief! April 14th, 1865, a Friday night, Lincoln sat in the Ford theater to watch a performance. 10:15pm, a man quietly sneaked into the unguarded Presidential suite, he took out a hand gun, aimed at the back of Lincoln&#8217;s head and fired. US President Abraham Lincoln was pronounced dead early next morning.</p>
<p>The killer&#8217;s name is <a href="http://en.wikipedia.org/wiki/John_Wilkes_Booth">John Wilkes Booth</a>, a famous actor at the time. After he killed Lincoln, he quickly escaped. On April 26th he was shot dead during his escape. In his belongings, contained many encrypted letters from <a href="http://en.wikipedia.org/wiki/Judah_P._Benjamin">Judah Benjamin</a>, this Judah Benjamin, a Jew, was the Secretary of War and later Secretary of State for the south confederate states. He was a person of importance and power in the confederate state due to his relationship with the European bankers. Judah Benjamin later fled to England on a small boat. The assassination of Lincoln has been widely debated as a large conspiracy, that involved members of Lincoln&#8217;s cabinet, New York and Philadelphia bankers, powerful Southerners and Northern extremists.</p>
<p>The grand-daughter of the killer, Izola Forrester mentioned in her memoir, &#8220;Lincoln&#8217;s assassination is related to a mystery group from Europe. Before the assassination, Booth traveled to Europe at least once. Booth was very close with Judah Benjamin, and Judah is widely known as an agent of the Rothschild Family&#8221;.</p>
<p>To understand the true motives and conspiracies of Lincoln&#8217;s assassination, we must looked at it from a larger perspective, from the perspective of the war fought between the elected US government and the powerful bankers over the control of US currency, a war that has been fought since the founding of this country.</p>
<p>2. Control of currency and US war of independence</p>
<p>In almost all history textbooks, the US war of independence has been described as a clash of ideology, political and civil rights. We could also look from a different angle, to take a look at another important factor that caused this revolution.</p>
<p>The earliest people to arrive at the new world were very poor, they had no assets or money. At that time, no gold or silver mine has been found on the North American continent, therefore metal currency was scarce, plus trading with England has been a huge deficit, large amount of metal currency went to England, which made metal currency all the more scarce.</p>
<p>The huge amount of resources, products and services created by the American people was not able to be traded efficiently, this seriously held back the American economy. To combat this problem, people started to barter with goods, such as fur, tobacco, grain, corn and other goods. In North Carolina alone, 17 different goods were declared as &#8220;Legal Tender&#8221;. Government and private sector used these goods to pay debts, taxes, products and services. This ameliorated the currency crisis a bit, but still held back the economy.</p>
<p>The scarcity of metal currency and the impracticality of barter economy has forced the local government to &#8220;think outside the box&#8221;. They began to use a new currency, a paper currency, printed by the government, &#8220;Colonial&#8221; became the uniform and legal currency. The biggest difference between &#8220;Colonial&#8221; and European paper currency is that &#8220;Colonial&#8221; is not backed by gold, silver or any collateral, it is a currency based on the credit of the government. Every person needs to pay taxes, as long as the government accept its own paper currency, then it will work.</p>
<p>The new currency quickly boosted the economy, trading has prospered.</p>
<p>At the same period of time in England, <a href="http://en.wikipedia.org/wiki/Adam_Smith">Adam Smith</a> noticed this exciting new currency, he realized the huge boost to business brought by this new paper currency. &#8220;With a well managed paper currency system based on credit, it will not have any inconvenience, only huge advantages over the old system.&#8221;</p>
<p>But, a currency without any collateral is the enemy of the bankers, without the collateral of government debt, governments would not need to borrow metal currency from the bankers, the bankers will be powerless.</p>
<p>When <a href="http://en.wikipedia.org/wiki/Benjamin_Franklin">Benjamin Franklin</a> visited England in 1763, the director of Bank of England asked him, why the colonies were so prosperous, Franklin replied: &#8220;It&#8217;s really simple, in the colonies we issue our own currency, called &#8216;Colonial&#8217;. We issue these currency in proportion to the needs of our business and industries, products are easily transferred from the manufacturers to the consumers. With this method, we create our own paper currency, guarantee its purchasing power, we (the government) do not needs to pay any interest to anyone.&#8221;</p>
<p>In short, This new currency will eventually cause the American colonies to be free from the control of Bank of England.</p>
<p>The British bankers were enraged, they made the British Parliament to pass a &#8220;Currency Act&#8221; of 1764, strictly prohibiting the American colonies to issue their own paper currency, and forced the local governments to use gold and silver to pay taxes to the British government.</p>
<p>Franklin described the effect of this new law, &#8220;within one year, the colonies situation was reversed, prosperity ended, recession began, the streets were filled with jobless crowds.&#8221;</p>
<p>&#8220;If England did not take away the colonies currency, the American people would probably gladly pay their taxes to the English Crown in tea, fur and some metal. This new law caused recession, joblessness and resentment. If the colonies can not issue its own currency, it will forever be controlled by the powerful bankers in England, this is the most important cause of the US War of Independence&#8221;.</p>
<p>The founding fathers of the United States have a very clear understanding of the danger posed by the powerful bankers and the unfairness of the system. The 3rd US President Thomas Jefferson said:</p>
<p>“<strong>If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.</strong>” &#8211; <a title="Thomas Jefferson" href="http://en.wikipedia.org/wiki/Thomas_jefferson" target="_blank">Thomas Jefferson</a></p>
<p>After over 200 years, today we read these words of Thomas Jefferson, from 1791, we are amazed at the accuracy of his prediction and foresight. Today, the private organization &#8220;<a href="http://en.wikipedia.org/wiki/Federal_Reserve_System">Federal Reserves</a>&#8221; control the US currency and issue 97% of the US dollar, the American people owe 44 trillion dollar to the bankers, maybe one day they will lose their home, like what happened in 1929 (The Great Depression). Did the sub-prime crisis scare you? People are losing their homes at a unprecedented rate. This is only a start of things to come.</p>
<p>The founding fathers, with their wisdom and foresight, wrote these words into Article 1 Section 8 of the US Constitution: &#8220;Congress shall have the power to coin money.&#8221;</p>
<p><strong>3. The first strike of the bankers: The First Bank of the United States, 1791-1811</strong></p>
<p>“<strong>I believe that banking institutions are more dangerous to our liberties than standing armies.</strong> ” &#8211; <a title="Thomas Jefferson" href="http://en.wikipedia.org/wiki/Thomas_jefferson" target="_blank">Thomas Jefferson</a>, 3rd President of the United States</p>
<p>Alexander Hamilton was a powerful figure, closely related to the Rothschild Family. He was born in the British West Indies, after he lied about his age, name and birth place, he came to the colonies and married to the daughter of a powerful family in New York. Based on the historical receipts in British museums, Hamilton accepted large sums of money from the Rothschild Family.</p>
<p>In 1780, Hamilton was appointed as the first Secretary of Treasury by Washington, Hamilton has always been a supporter of an US central bank system. In 1790, faced with the economical hardship and debt crisis after the War of Independence, Hamilton pressed the Congress to create a private central banking system similar to the Bank of England to issue currency. His main target is: a privately owned central bank, based in Philadelphia, have member banks all over the US, all currency and tax revenue must go through this banking system, this central bank is responsible for issuing currency to satisfy the economy expansion, loan money to the US government and charge interest (Federal Reserve Fund Rate). The bank have a starting fund of 10 million dollars, 80% privately owned, 20% owned by the US government. Board of Directors consist of 25 person, 20 nominated by the member Banks, 5 by the US government. Hamilton represents the interests of the elite, he once said &#8220;All societies are divided into the few and the many. The former are well educated and wealthy, the latter are the common people. The common people are easily swayed and moved, they rarely able to make the right judgment and decision.&#8221;</p>
<p>Thomas Jefferson represented the interests of the common people, his reply to Hamilton is: &#8220;We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.&#8221;</p>
<p>December, 1791, Hamilton&#8217;s proposal was submitted for discussion in the Congress. The result, senate passed it by a slim margin, the House passed it 39 vs 20. At this time, President George Washington hesitated, he asked for advice from Secretary of State Thomas Jefferson and James Madison, they clearly stated that the proposal was in conflict with the constitution. The constitution empowered the Congress to issue currency, but did not empower the Congress to pass that right to any private bank. Washington was convinced, he decided to veto the Act. After hearing the news, Hamilton quickly went to Washington with his accounting records, he convinced Washington that without the private central bank (funded by foreign money), US government will soon bankrupt and collapse. Eventually, near term crisis won over long term consideration. On February 25th, 1792 Washington signed the first charter of &#8220;<a href="http://en.wikipedia.org/wiki/First_Bank_of_the_United_States">The First Bank of the United States</a>&#8220;, valid for 20 years.</p>
<p>The bankers won their first major victory. In 1811, foreign funds own over 70% of the First Bank of the US, Nathan Rothschild and Bank of England was among the major share holders.</p>
<p>In 1781, the US government debt was only $56k, this includes $12k foreign debt and $44k domestic debt, but during the first 5 years of the new central banking system (1791-1796), US government debt has ballooned to $8.2 million dollars.</p>
<p>Hamilton eventually became very wealthy. His New York Manhattan Company became the first bank on Wall Street, in 1955 it merged with Rockefeller&#8217;s Chase Bank to become &#8220;Chase Manhattan Bank.&#8221;</p>
<p>In 1798, Jefferson said in regret: &#8220;I wish we could pass one more constitutional amendment, to take away to power of the federal government to borrow money.&#8221;</p>
<p>When Jefferson became the 3rd President of US (1801-1809), he tirelessly tried to abolish the First Bank of US, when 1811 the charter of the bank expired, the fight was fierce, House denied the renewal of the charter 65 vs 64, in the Senate it was 17 vs 17 tied. Vice President Clinton broke the tie with a Nay vote, the First Bank of US closed its doors on March 3rd, 1811.</p>
<p>At this time, Nathan Rothschild was in London and he was extremely angry, he threatened: &#8220;give the renewal (of First Bank of US), or the US will be faced with a devastating war.&#8221; The US government was not moved by the threat, Nathan quickly instructed the British Parliament &#8220;Teach the Americans a lesson.&#8221; A few months later, War of 1812 began, with British invasion and capture of Detroit. The war lasted 3 years, Nathan&#8217;s aim was clear, to drown the US government in war debt, then it will surrender and let the bankers keep running the central bank. Nathan succeeded, US government debt grew from $45 million to $127 million. US government gave up, the Second Central Bank was proposed and passed, the result is <a href="http://en.wikipedia.org/wiki/Second_Bank_of_the_United_States">The Second Bank of United States</a> (1816-1832).</p>
<p>4. The bankers strike again: The Second Bank of the United States (1816-1832)</p>
<p>&#8220;We must break the control of the banks over our people, or this control will break us (our country).&#8221; &#8211; James Madison (4th President of US) in a letter to Monroe (5th President of US)</p>
<p>The Second Bank of the US received another 20 years charter, this time the starting fund is raised to $35 million, still 80% privately owned, 20% government owned. Same as the first bank, Rothschild family still holds most of the power in the 2nd central banking system.</p>
<p>In 1828, Andrew Jackson ran for President, in a speech to bankers, he said:</p>
<p>&#8220;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.&#8221; &#8211;Andrew Jackson, 1828 (to a group of investment bankers trying to persuade him to renew their central bank charter)</p>
<p>When Andrew Jackson became President in 1828, he decided to abolish the Second Central Bank. He pointed out &#8220;if the Constitution gave Congress the right to issue money, then it is meant for the Congress alone, not for the Congress to give the power to a private person of company.&#8221; In the 11000 employee federal government, he fired over 2000 employee that are related to the banks.</p>
<p>1832 was another election year, if Jackson win again, the Second Central Bank will surely be closed down during his office, everyone knew how the President felt about the Second Central Bank. To prevent this from happening, the bankers donated over $3 million to help Jackson&#8217;s opponent Henry Clay run his campaign, but Jackson&#8217;s election motto was &#8220;Say yes to Jackson, say no to the banks.&#8221; Jackson was re-elected in a landslide victory.</p>
<p>The renewal of charter for the Second Central Bank was passed by the Senate 28 vs 20, the House also passed it 107 vs 85, the Bank&#8217;s chairman Biddle did not take Jackson seriously, because he had the support of the Rothschild Family. When people talked about Jackson might veto the charter, Biddle said &#8220;if Jackson veto the charter, I will veto him.&#8221; Jackson vetoed the charter quickly and ordered the US treasury to withdraw all money from the central bank and deposit it in various state banks. On January, 8th 1835, Jackson repaid the last of the government debts, this is the first and only time when the US government had a debt of &#8220;0&#8243;, not only that, the government had over $35 million in surplus. Historians has called this &#8220;the greatest honor for a president, his most important contribution to his country.&#8221;</p>
<p><strong>5. &#8220;The Bank is trying to kill me, but I shall kill it&#8221; &#8211; Andrew Jackson (7th President of US)</strong></p>
<p>January 30th, 1835, when Andrew Jackson attended a funeral of a Senator. <a href="http://en.wikipedia.org/wiki/Richard_Lawrence">Richard Lawrence</a>, a painter from England quietly followed Jackson, in his pocket he had two loaded hand guns. When Jackson passed by him, he took out his first gun and fired, but it misfired. He took out his second gun and fired, but it also misfired. (Historians has determined it was due to the extremely humid weather). Jackson came very close to become the first President to be assassinated.</p>
<p>The 32 year old assassin claimed he is the rightful heir of the English crown, that Jackson killed his father and denied him a big sum of money. The court determined Richard Lawrence was mentally ill and did not convict him.</p>
<p>After this, mentally ill has became the favorite excuse of murders.</p>
<p>Lets look back, on January 8th 1835, Jackson repaid the last of the government debt, on January 30th 1835, he was nearly assassinated. What a coincidence!</p>
<p>June 8th, 1845 Jackson passed away. On his tomb it said: &#8220;I killed the Bank.&#8221;</p>
<p>So the private central bank&#8217;s charter was abolished again, this has brought immediate backlash from England. England stopped all loans to the US, stopped supplying gold to the US. Second Central Bank Chairman Biddle has &#8220;vetoed&#8221; the President, the bank immediately recalled all loans, stopped making new loans to the government. Rothschild made almost all European banks to stop supplying gold to the US, the US was suddenly in a state of immense deflation. These events turned into the &#8220;<a href="http://en.wikipedia.org/wiki/Panic_of_1837">Panic of 1837</a>&#8220;, US economy went into a 5 year recession, the scale of this recession can only be matched by the 1929 &#8220;Great Depression&#8221;.</p>
<p>&#8220;Panic of 1837&#8243;, &#8220;<a href="http://en.wikipedia.org/wiki/Panic_of_1857">Panic of 1857</a>&#8221; and &#8220;<a href="http://en.wikipedia.org/wiki/Panic_of_1907">Panic of 1907</a>&#8221; proved once again that Rothschild family is living up to their beliefs: <strong>&#8220;Give me control of a nation’s money and I care not who makes the laws.&#8221;</strong> &#8211; Mayer Amschel Rothschild</p>
<p><strong>6. The new war: &#8220;Independent Treasury System&#8221;</strong></p>
<p>In 1837, when Jackson supporter <a href="http://en.wikipedia.org/wiki/Martin_Van_Buren">Martin Van Buren</a> became the 8th President of the US, his biggest challenge was to resolve the crisis caused by the Bankers, his strategy was to create a &#8220;Independent Treasury System&#8221;, taking control of the currency away from the private banking system. Historian called it the &#8220;Divorce of the Treasury and the Banks.&#8221;</p>
<p>The &#8220;Independent Treasury System&#8221; or &#8220;ITS&#8221; was created to abolish the unfair private banking system. Banks are essentially loaning money and charging interest to the people using the people&#8217;s tax dollars paid to the government. The system is highly profitable and flawless, for the Bankers. &#8220;ITS&#8221; demanded that all money that enter the system must be gold or silver, the government will then exert control over the supply of gold and silver. This strategy imho would be very beneficial to the people in the long run, but in the short term it made the situation worse, of course not without the meddling of the Bankers.</p>
<p>Henry Clay was a key figure. He is Hamilton&#8217;s disciple and a strong supporter of the private central banking system. He is the darling of the bankers. He is a good speaker, logical and charismatic. He gathered a group of Congressman (supported by the Bankers) and formed the Whig Party (Predecessor to the  Republican Party). The Whig Party strongly opposed Andrew Jackson&#8217;s stance against the banks and worked tirelessly to re-establish the private central banking system in the US.</p>
<p>In the 1840 Presidential Election, the whig party&#8217;s candidate, war hero <a href="http://en.wikipedia.org/wiki/William_Henry_Harrison">William Henry Harrison</a> won and became the 9th President of US. Henry Clay thought of himself as the leader of the party and often &#8220;summoned&#8221; Harrison to tell him what to do. Clay and Harrison increasingly disliked each other, they disagreed on the central banking system, &#8220;ITS&#8221; and other issues. Henry Clay thought he could control Harrison, Clay even wrote the inaugural address for Harrison. Harrison refused Clay&#8217;s version and wrote his own 8000 word inaugural address. In this speech, Harrison strongly disagreed with Clay&#8217;s private central banking system and  supported the &#8220;Independent Treasury System&#8221;. This made Harrison an enemy of the bankers.</p>
<p>On March 4th, 1841, President Harrison caught a cold. This normally should not be a problem for Harrison, whom served in the military for all his life and had a very strong healthy body. Strangely his condition quickly worsened, he died a month later on April 4th, 1941. How convenient for the bankers! Only a month ago, Harrison was the strong and healthy President who was going to fight the bankers. A month later, he was dead. Many historian believes that he was possibly poisoned.</p>
<p>Vice President <a href="http://en.wikipedia.org/wiki/John_Tyler">John Tyler</a> became the 19th President of the US. The fight between the bankers and the &#8220;ITS&#8221; became intensified after Harrison died. Henry Clay&#8217;s whip party in 1941 twice proposed to re-establish the private central banking system and abolish the &#8220;ITS&#8221;. President Tyler vetoed both proposals. The furious Henry Clay expelled Tyler from the whig party, President Tyler became the only President that was expelled from his party while in office.</p>
<p>In 1849, another whig party candidate <a href="http://en.wikipedia.org/wiki/Zachary_Taylor">Zachary Tayler</a> won the election and became President. The banker&#8217;s dream of creating a private central banking system in the US seemed to be close to completion. This would mean that the bankers will control the fate of the country and its people. Knowing how Harrison died, Taylor was very careful when dealing with the bankers, but he was not going to be Henry Clay&#8217;s puppet. He privately told Clay, &#8220;re-establishing the Central Bank is a dead idea, I will not consider it during my office.&#8221;. But Taylor was wrong, it was not the idea that died, but President Taylor himself.</p>
<p>July 4th, 1850. President Taylor attended the 4th of July celebration at Washington Monument. The weather was hot, Taylor drank some milk, ate some cherries and suddenly became ill. On July 9th, 1850 Taylor died mysteriously.</p>
<p>How can such small illness kill two President, both came from military background and was very healthy. Historians debated endlessly on this issue. In 1991, after obtaining permission from Taylor&#8217;s family, President Taylor&#8217;s body was dug out from his grave, his nails and hair was examined in the labs, traces of poison was found. The US government quickly stopped the testing and concluded that the investigation was inconclusive, no one knew why there was poison in Taylor&#8217;s body.</p>
<p>Continue to Post 4: <a href="http://jasonzhao.hotpng.com/2008/03/15/master004.html">Civil War and Assassination of Lincoln</a><br />
(Coming by March 15th, 2008)</p>
<p><a href="http://jasonzhao.hotpng.com/2008/01/30/masterindex.html">Go to Index</a> (an ordered index of all post in this series)</p>
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		<title>Rise of the Masters – Post 2 – Rothschild Family – Master of Europe</title>
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		<pubDate>Fri, 01 Feb 2008 06:38:46 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
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		<description><![CDATA[“Give me control of a nation’s money and I care not who makes the laws” &#8211; Mayer Amschel Rothschild
For people who work in the financial industry and have not heard the &#8220;Rothschild Family&#8221;, it is comparable to a military officer that has not heard of Napoleon or a physicist that has not heard of Einstein. [...]]]></description>
			<content:encoded><![CDATA[<p>“<strong>Give me control of a nation’s money and I care not who makes the laws</strong>” &#8211; <a title="Mayer Amschel Rothschild" href="http://en.wikipedia.org/wiki/Mayer_Amschel_Rothschild" target="_blank">Mayer Amschel Rothschild</a></p>
<p>For people who work in the financial industry and have not heard the &#8220;Rothschild Family&#8221;, it is comparable to a military officer that has not heard of Napoleon or a physicist that has not heard of Einstein. The Rothschild Family has such an enormous impact on today&#8217;s world and yet it has managed to stay largely invisible to the general public.</p>
<p>Strict family control, total black box operation, precise like clockwork, always know better than the market, completely rational thinking, endless hunger for money, and amazing ability to predict, these traits has made the Rothschild family invincible in the past 200 years through all the turmoils of war, politics and finances, they built the largest financial empire known to the world, their total asset is estimated to be 30 trillion dollars today, in another words, they are worth about 100 Microsoft in terms of market cap, 15 China or 2 United States in terms of total annual GDP.</p>
<p><span id="more-17"></span></p>
<p><strong>1. Waterloo for Napoleon, Triumph for the Rothschild</strong></p>
<p><a href="http://en.wikipedia.org/wiki/Rothschild_banking_family_of_England" target="_blank">Nathan Rothschild</a> was the 3rd son of Mayer Rothschild and possibly the bravest of the family. In 1798, Nathan was sent by his father from Frankfurt to England to begin building the Rothschild banking empire in England. Using his amazing financial talent and unpredictable methods. By 1815, he has became the largest banking power in London. During this time, 1st son Amschel Rothschild has stayed in Frankfurt to manage the Rothschild empire headquarters (M.A. Rothschild ans Sons), 2nd son Salomon Rothschild was sent to Vienna, Austria to start another family banking empire (S.M. Rothschild and Sons), 4th son Calmann Rothschild was sent to Naples, Italy to start another bank, 5th son James was sent to Paris, France to start a bank in Paris (Messsieus de RothschildFeres). <a href="http://en.wikipedia.org/wiki/Rothschild_family">Rothschild Family</a> built the first international banking system in the world. But in 1815, all 5 brothers focused on the Napoleon war in Europe.</p>
<p>This is a war that will decide the fate and future of the European Continent. If Napoleon achieve final victory, France will become the sole master of the continent. If Wellington defeats the French army, then England will become a major influence on the European countries. Long before the war, the Rothschild family has built a huge, fast and efficient intelligence network. They built a large network of agents, these &#8220;spies&#8221; were called &#8220;children&#8221;. They were stationed in all major European cities, trade centers and political centers. All sorts of intelligences were passed between Paris, Naples, London, Vienna and Frankfurt. The efficiency, speed and precision of the system is outstanding, far surpassing any official intelligence network in terms of speed. Their competitors were left in the dust in this regard. All these factors has made the Rothschild banks highly competitive in almost all international markets.</p>
<p>&#8220;Rothschild&#8217;s spies are all over the city streets, they have money, mail and information. But no information are as valuable as the result of the waterloo battle.&#8221;</p>
<p>on June 18th, 1815, in the suburbs of Brussels, the two armies of Napoleon and Wellington met, but this is also a battle between thousands of investors, the winner shall obtain enormous wealth and the loser will lose it all. The stock exchange in London is filled with tense air, everyone was eagerly waiting for the result of the Waterloo. If England loses, English Bonds will become worthless. If England wins, the English Bond will rise through the roof.</p>
<p>As the two armies met in battle, the spies of Rothschild are busy recording all information and intelligence. When the battle was overwhelmingly not in Napoleon&#8217;s favor, a spy named &#8220;Rothworth&#8221; recorded this information, got on a horse and rode to Brussels, then to Ostende port. The English channel was very turbulent on that day, after paying 2000 francs he found a sailor that is willing to take him across the channel. He arrived at the shores of Folkstone, England in the morning of June 19th. Nathan Rothschild was already waiting at the shore. Nathan quickly opened the envelope, saw result and rode to the London stock exchange.</p>
<p>As Nathan stepped into the exchange, the crowd became quiet immediately. Every person was staring at Nathan. Nathan slowed down and sat on his seat, emotionless. The trading floor is unusually quiet, every one was trying to get some information from Nathan&#8217;s eyes. After a short while, Nathan gave a deep look to a Rothschild trader, all Rothschild traders ran to the exchange desk and started to sell English Bonds. The trading floor became uneasy, some people started to whisper, most just stood still. At this time, half million dollar worth of English Bonds were dumped onto the market, the bond price started to decline and then huge sell orders were thrown in the market one after the other, Bond price start to fall rapidly.</p>
<p>Nathan was still sitting in his seat, emotionless. Someone in the trading floor screamed &#8220;Rothschild knows!&#8221;, &#8220;Rothschild knows!&#8221;, &#8220;Wellington lost!&#8221;. The trading floor went wild, confusion became fear. When people lose the ability to think rationally, following the action of others become an instinct. Everyone was dumping their English Bonds since it has became worthless. After several hours of dumping, the English Bonds has became garbage, only retaining less than 5% of its original value.</p>
<p>At this time, Nathan secretly gave another look to his traders, but this time it is with a different means. His traders started to buy any English Bonds they could find. At 11pm June 21st, the messenger from Wellington finally arrived at London, gave the news that Napoleon was defeated after 8 hours of battle, he lost over 1/3 of his men, France is doomed.</p>
<p>Nathan&#8217;s intelligence was early by an entire day. During this day, Nathan Rothschild&#8217;s wealth has increased 20 fold, more than Napoleon and Wellington&#8217;s spoils of war added together during the entire war.</p>
<p>The battle of Waterloo made Nathan the single largest debtor to the English government, and therefore has influenced English Bonds ever since. The bank of England was basically under Nathan&#8217;s control. English bonds is a debt guaranteed by future tax revenue of the English government, the taxes paid by the English citizens are basically levied by the Rothschild bank. All of English government&#8217;s spending relies on issuing bonds, in another words English government lost the power to issue new money, they must first borrow it from a private bank, paying 8% interest. When Nathan control the vast majority of English bond, he in fact determine the price of the bond, determine the supply of English currency, England&#8217;s finances were tightly controlled by the Rothschild Family ever since.</p>
<p>Nathan Rothschild has conquered England: &#8220;I care not what puppet is placed on the throne of England to rule the Empire. The  man who controls Britain&#8217;s money supply controls the British Empire and I control the British money supply.&#8221;</p>
<p><strong>2. The Rise of the House of Rothschild</strong><br />
&#8220;The few who could understand the system (cheque, money, credits) will either be so interested in its profits, or so dependent on its favours(politicians),  that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens  without complaint, and perhaps without even suspecting that the system is inimical to their interests.&#8221; &#8211; The boastful statement by Rothschild Bros. of London.</p>
<p>Mayer Rothschild was born at a time when industrial revolution was rapidly spreading and financial industries was booming unprecedentedly. New financial experiments and ideas was spreading from Holland and England to all of Europe. With the creation of &#8220;Bank of England&#8221; in 1694, a complex concept of money has been created by adventurous bankers.</p>
<p>February 23rd, 1744, Mayer Rothschild was born in the Jewish Ghetto of Frankfurt. His father Moses was a traveling goldsmith and loan shark, mostly doing business in eastern Europe. Before Mayer was born, Moses decided to settle down in Frankfurt. Mayer has showing incredible intelligence at a young age, so his father spent significant amount of resources and time in Mayer&#8217;s education, systematically teaching him money, loans and business. After a few years, Moses died, the then 13 year old Mayer Rothschild became a apprentice in a bank with the support of his relatives.</p>
<p>Mayer Rothschild using his amazing intelligence and diligence, quickly mastered all aspects of the banking industry, in 7 years Mayer was promoted to a junior partner of the Bank. He met many valuable clients and it is at here he realized loaning money to princes and kings is much more profitable than loaning to common people, this is because no only the loan amount is huge, it is guaranteed by future tax of the country. Mayer became a friend of Prince William of Germany. On September 21st, 1769, Prince William appointed Mayer as his official agent, Mayer put the royal coat of arms on his business sign and wrote &#8220;M.A.Rothschild, agent of Prince William&#8221;. After that, Mayer&#8217;s reputation gained significantly and brought him much more business. Mayer was very dedicated in serving Prince William and gained his trust.</p>
<p>In 1803, Napoleon declared to purge Prince William&#8217;s family from Germany and invaded Germany with his army. William was expelled to Denmark, before he left he gave Mayer 3 million dollar worth of cash for safekeeping. This 3 million became the basis of Mayer Rothschild&#8217;s financial empire and brought him unprecedented wealth and power. After Mayer received the 3 million from William, he sent is 5 sons to the 5 major cities of Europe. 1st son Amschel stayed in Frankfurt, 2nd son Salomon to Vienna, 3rd son Nathan to England, 4th son Calmann to Naples and 5th son James to Paris. The 5 brothers all succeeded in establishing a formidable presence in their respective country, some have gained control of the country&#8217;s finances.</p>
<p><strong>3. The Rothschild Financial Empire</strong></p>
<p>&#8220;As long as your brothers band together, no bank in the world can compete with you, hurt you or profit from you. Together you have the power larger than any bank in the world&#8221;</p>
<p>When Mayer Rothschild died in 1812, he made a very strict will:<br />
1. All top management positions will be strictly given to family members, no outsiders allowed. Only male members of the family can participate in the family business.<br />
2. Marriage can only occur within the family, to prevent the dilution or loss of wealth. (This rule was enforced strictly at first, later was amended to include other Jewish banking families)<br />
3. Never disclose the details of the family asset.<br />
4. Never allow attorneys to interfere with inheritance.<br />
5. The 1st son of each sub-family will become the head of the household.<br />
6. Anyone who disobey this will, lose all inheritance rights.</p>
<p>By mid 19th century, England, France, Germany, Austria, Italy and most other European country&#8217;s currency supply was controlled by the Rothschild family, &#8220;the power of kings were replaced by the power of money&#8221;. At this point, the prosperous American continent has became the Rothschild&#8217;s next target.</p>
<p>Continue to Post 3: <a href="http://jasonzhao.hotpng.com/2008/02/14/master003.html">The hundred year war between intl bankers and US Presidents</a><br />
(Coming by Feb 14th, 2008)</p>
<p><a href="http://jasonzhao.hotpng.com/2008/01/30/masterindex.html">Go to Index</a> (an ordered index of all post in this series)</p>
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		<title>Rise of the Masters – Index</title>
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		<pubDate>Thu, 31 Jan 2008 06:16:22 +0000</pubDate>
		<dc:creator>Jason Zhao</dc:creator>
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		<description><![CDATA[Rise of the Masters &#8211; Introduction
Rise of the Masters &#8211; Post 2 &#8211; Rothschild Family &#8211; Master of Europe
Rise of the Masters &#8211; Post 3 &#8211; The hundred year war between intl bankers and US Presidents
]]></description>
			<content:encoded><![CDATA[<p><a href="http://jasonzhao.hotpng.com/2008/01/28/master001.html">Rise of the Masters &#8211; Introduction</a></p>
<p><a href="http://jasonzhao.hotpng.com/2008/01/31/master002.html">Rise of the Masters &#8211; Post 2 &#8211; Rothschild Family &#8211; Master of Europe</a></p>
<p><a href="http://jasonzhao.hotpng.com/2008/02/14/master003.html">Rise of the Masters &#8211; Post 3 &#8211; The hundred year war between intl bankers and US Presidents</a></p>
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