(posted June 19, 2009)
General Motors did not fall due to natural forces. Like the twin towers on 9-11, GM was taken down. Like 9-11, GM was sabotaged from the inside. The corporate raiders who took down GM are part of the same network of Jewish Zionists who brought down the World Trade Center.
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THE ZIONISTS BEHIND THE DESTRUCTION OF GENERAL MOTORS
The bankruptcy of General Motors (GM) is very similar to the collapse of the twin towers of the World Trade Center on 9-11. Both catastrophic events are described in the controlled media as having occurred due to natural forces, while actually they are both the results of sabotage carried out by insiders. In both cases, the people who brought down the operation were Trojan Horses, people who had bought their way into positions of control in order to destroy them. The people behind the destruction of GM and the WTC are corporate raiders of the worst kind.
General Motors did not simply collapse as a result of market forces; it was bankrupted by corporate raiders who had infiltrated the company and taken control of its finances. Likewise, the evidence indicates that the twin towers of the World Trade Center did not collapse due to the stresses associated with the plane crashes; they were prepared in advance to be demolished using extremely powerful explosives, including tons of nano-thermite, or super-thermite. This was facilitated by the people who had obtained control of the towers shortly before 9-11, namely Larry Silverstein and the former Israeli commando Frank Lowy.
What is most remarkable is that these events are closely related. The same people are involved in the conspiracy to plunder and destroy both the World Trade Center and General Motors. This article identifies some of the key people and reveals the strategy behind the destruction of one of America’s oldest companies.
BANKRUPTING GENERAL MOTORS
General Motors Corp. filed for bankruptcy on June 2, 2009, as the Zionist-run Obama administration provided unprecedented federal funding and oversight. The bankruptcy filing by GM was the third-largest in American history and the largest ever in U.S. manufacturing. Now that GM is facing restructuring, its assets will be taken over for pennies on the dollar. The notorious corporate raider Carl C. Icahn, for example, is reportedly looking at taking over Delphi Chassis Systems.
So, how did GM go bankrupt? If one looks at the sales figures for GM, it simply does not make sense. In 2007, GM was the largest producer of vehicles in the world, manufacturing 13 percent of the total, and had the largest slice of the U.S. car and truck market with 23.4 percent of domestic sales.
In 2007, GM led in global production and U.S. market share. Graphics from Wikinvest.
Globally, GM sold 9.4 million cars and trucks in 2007, an increase of 3 percent over 2006. GM’s 2007 tally was, in fact, the second best global sales total in the company’s 100-year history and marked the third consecutive year the company had sold more than 9 million vehicles. That doesn’t sound like a company on the brink of collapse, does it? In its 100-year history GM had been through much worse downturns, such as the Great Depression and the Second World War, yet GM managed to survive and thrive. What is so different about the management at GM in the past few years that it caused America’s biggest auto manufacturer to go into bankruptcy despite three consecutive bumber years of global sales?
George Richard (Rick) Wagoner became president and chief executive officer of GM on June 1, 2000. The value of GM stock started the month of May 2000 at its peak of over $93 per share. The day Wagoner became CEO the stock finished at $69.81. By the end of the year it was worth less than $51 per share. GM stock had fallen to about $35 when Wagoner was elected chairman on May 1, 2003. Why promote a CEO who was clearly taking the company down the drain?
Despite the falling stock price, Wagoner remained CEO and chairman of GM until March 29, 2009. Under Wagoner’s leadership GM suffered more than $85 billion in losses — losing $82 billion in the last 4 years! Why wasn’t Wagoner replaced earlier? How was GM selling more cars than ever but losing more and more money? It simply doesn’t make sense.
Were his hands tied? Rick Wagoner (center) with Mark Neporent (left), COO of Cerberus, and Eric Feldstein (right), chief executive of GMAC and treasurer of General Motors Corp. This photo is from the 2006 announcement of the Cerberus deal for a majority stake in GMAC in which Bernard Madoff’s partner-in-crime, J. Ezra Merkin, became chairman of GMAC. Is Wagoner responsible for $85 billion in losses at GM – or was he just a useful idiot?
In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM’s largest market is the U.S., followed by China, Brazil, the United Kingdom, Canada, Russia, and Germany. Despite three years of record sales, GM lost $18.8 billion during the first 6 months of 2008; by late October, its stock had dropped 76 percent, and it was considering a merger with Chrysler.
At the time the GM-Chrysler merger was being considered, Chrysler was primarily owned (80.1 percent) by the private equity firm Cerberus Capital Management, L.P., headed by Stephen A. Feinberg and Jacob Ezra Merkin. Cerberus is named after the mythological three-headed dog of Hell. It should be noted that Feinberg and Merkin also controlled General Motors Acceptance Corp. (GMAC), the financial services branch of GM.
GM sold 51 percent of GMAC in 2006 to Feinberg’s private equity firm Cerberus Capital Management LP, and Jacob Ezra Merkin became chairman of GMAC. Had the merger gone through, Feinberg and Merkin would have probably become majority owners of both GM and Chrysler. This appears to have been the plan. Feinberg and Merkin, the owners of GMAC, had plundered and conspired to bring down GM so that they could take it over.
When Cerberus gained control of GMAC, they hurt GM’s domestic sales by raising the credit requirements for car loans. Feinberg and Merkin reportedly raised the credit requirements so high that they caused a very sizable chunk of sales to be lost due to customers’ inability to secure financing. Cerberus reportedly used this tactic to pressure GM into selling or trading their remaining stake in GMAC.
Ezra Merkin became a controlling owner of Israel’s Bank Leumi shortly before he got his hands on GMAC in 2006. Here he shakes the hand of the notorious war criminal Ariel Sharon as he hands him a check for $500 million. Ehud Olmert (center) held secret meetings in New York City on September 10, 2001. Merkin’s private Israeli bank has a branch in Switzerland that contains billions of stolen dollars held in secret numbered accounts.
Merkin is clearly a criminal. He is one of the key players of the multi-billion dollar criminal fraud carried out by Bernard Madoff. Merkin secretly diverted untold billions to Madoff’s fraudulent investment fund. One of Merkin’s funds lost $1.8 billion of investor cash with Madoff. Merkin was seen as “the Golden Boy controlling the Golden Goose.”
Feinberg and Merkin were also controlling co-owners of Israel’s Bank Leumi, which had been privatized in 2005 under finance minister Benjamin Netanyahu. Bank Leumi also has off-shore banks and a branch in Switzerland in which billions of dollars are held in secret numbered accounts.
It was reported on December 30, 2008, that the U.S. Treasury would provide $6 billion more for GMAC, headed by Merkin and the extremely secretive Feinberg. Feinberg is so secretive his Who’s Who biography says he is deceased!
Stephen A. Feinberg, Ezra Merkin’s partner-in-crime.
The U.S. Treasury was reportedly buying a $5 billion stake in GMAC and lending $1 billion to GM. This “loan” was in addition to $13.4 billion of taxpayer dollars the Treasury had already lent to GM and Chrysler LLC. Once again, a plundered and bankrupted company was being “bailed-out” with taxpayer funds.
Merkin had been chairman of GMAC since November 2006. GMAC reportedly lost nearly $8 billion while Merkin was in charge. Despite Merkin’s huge losses at GMAC and his involvement in the Madoff criminal scam, the U.S. government evidently had no problem providing billions of taxpayer dollars to Merkin, whose Ariel Fund was one of the largest funds feeding billions to Bernie Madoff’s financial black hole. Madoff reportedly “lost” some $50 billion, or more.
Jacob Ezra Merkin, orthodox Jew and devoted Zionist, finally resigned as chairman of GMAC on January 9, 2009. How was Merkin allowed to remain in control of the privately-held GMAC operation for so long despite his history of financial fraud?
WHO RAN GMAC?
GMAC is a very interesting operation. A wholly owned subsidiary of General Motors since 1919, GMAC provided customers with more than $1.4 trillion in credit to finance more than 162 million vehicles. Originally designed to provide financing for people buying GM vehicles, it branched out into other fields, such as real estate. GMAC Commercial Mortgage (GMACCM), for example, provided the funds for Larry Silverstein and the former Israeli commando Frank Lowy to take over the World Trade Center in July 2001. The towers served as the collateral. GMAC Commercial Mortgage sold $563 million in bonds backed by a loan to Silverstein Properties for its purchase of the towers. If Silverstein and Lowy were part of the conspiracy to destroy the World Trade Center, the people controlling GMACCM would probably also be. Who was controlling the purse strings at GMAC in 2001 when Silverstein was negotiating to obtain control of the World Trade Center?
Larry Silverstein, here with his daughter Lisa, made billions of dollars from the destruction of the World Trade Center. He is the former chairman of the UJA-Federation of New York, the largest Zionist fund-raising organization in the world.
At GMAC, the person in charge of the money was Eric A. Feldstein, born in Brookline, Mass. in 1959. Feldstein had worked in the office of the treasurer at GM Corp. from 1981-91 and was regional treasurer in Europe from 1991-93. In 1993, he returned to New York as assistant treasurer. In March 1996, he was named executive vice president and chief financial officer of GMAC and chairman of the GMAC Mortgage Group, where he oversaw corporate activities responsible for general finance, audit, and worldwide borrowings.
Feldstein became treasurer of General Motors in November 1997, and was elected vice president the following month. In June 2001, Feldstein was named General Motors’ vice president, finance, and corporate treasurer. When GM and GMAC failed in 2008, Feldstein went to work for Feinberg and Merkin at Cerberus, joining the team named after the three-headed dog of Hell. At Cerberus, Feldstein was made executive vice president.
Eric Feldstein, the treasurer of GM, laughs with Rick Wagoner and Mark Neporent, COO of Cerberus, as the Zionist-run fund took majority control of GMAC. By this point, GM was well on its way to losing $85 billion – all during Feldstein’s term as GM corporate treasurer and vice president in charge of finance.
Eric Feldstein is the son of Donald Feldstein, a high-ranking member of a number of Zionist organizations in New York and New Jersey. The elder Feldstein is one year older than Larry Silverstein and has a long history of leadership in the same Zionist organization as Silverstein. Donald Feldstein was an executive director of the United Jewish Appeal-Federation Jewish Philanthropies in New York City from 1976-81. This is the huge Zionist fund-raising organization that Larry Silverstein headed as the chairman of the board and where he is an honorary board member. The connection between Donald Feldstein and Larry Silverstein at this Zionist organization certainly played a role in Eric Feldstein’s decision to use GMAC money to back Silverstein’s bid for the World Trade Center. It is through such Zionist organizations like the UJA-Federation and the secretive order of B’nai B’rith, an international organization of Jewish Freemasons, that the Zionist network functions. In this way actions and decisions that affect whole nations can be made without anyone outside the “community” being aware.
GMAC Commercial Mortgage Corp., under the leadership of Donald Feldstein’s son, provided an $800 million loan to fellow Zionists Silverstein and Lowy to back their bid for the soon-to-be privatized World Trade Center in the summer of 2001. This privatization deal, initiated by the Zionist Ronald Lauder and managed by Lewis Eisenberg of the Port Authority, was finalized at the end of July 2001. The WTC complex was finally put into private hands – Zionist hands – only 6 weeks before it was demolished and pulverized with super-thermite.
FELDSTEIN JOINS ETON
After being fired from GMAC, Eric Feldstein went to work for Cerberus in March 2008. Three months later he became CFO at Eton Park Capital Management. Eton Park is a hedge fund run by 42-year-old Eric M. Mindich, formerly with Goldman Sachs, and Alan R. Batkin, the vice chairman of the fund. Batkin, 64, is the senior partner at Eton Park. Although Feldstein lost billions as the head of GMAC and was fired because he had destroyed the 90-year-old company, Mindich and Batkin made him chief financial officer at Eton Park. Feldstein’s colossal failure at GMAC evidently did not bother them. He was clearly being rewarded for a job well done.
Alan Batkin, the vice chairman at Eton Park, is very highly connected. Batkin was, for example, vice chairman of Kissinger Associates Inc. from 1990 through 2006. It is, however, his executive positions at some of the biggest companies of Israel, such as Israel Discount Bank (IDB) and Discount Investment Corporation, Ltd., that reveal the intense Israeli character of Eton Park. (The IDB has been privatized and is also closely tied to the Madoff scam.)
Alan R. Batkin is a member of the board of governors of Tel Aviv University and is treasurer of PEC Israel Economic Corp. (part of Discount Investment Corporation, Ltd.) where he has served as CEO, president, and director. He also served as the Chief Executive Officer and President of Orama Ltd. (a venture capital firm founded in 1999 to support companies in the Israeli technology sector; a subsidiary of IDB Group, Ltd.)
From 1972 to 1990, Batkin was an investment banker at Lehman Brothers, where he a Managing Director for 14 years. Batkin has been, since 1999, a director of Overseas Shipholding Group Inc. (OSG), which owns and manages a large fleet of transatlantic oil tankers. As a director of OSG, Batkin works with Solomon Merkin, the brother of Jacob Ezra Merkin. Their father, Hermann Merkin, was one of the owners of the company along with the Recanati family of Israel Discount Bank. Batkin is also vice chairman and a director of Hasbro Inc. since 1992.
Batkin was a director of Infinity Broadcasting Corp. since April 1992. Infinity provided popular talk radio with a distinctly pro-Israel point of view. Foremost among Infinity’s talk show staff was Howard Stern, a vulgar and controversial radio personality. Other national radio performers employed by Infinity included Don Imus, Larry King, G. Gordon Liddy and Rush Limbaugh. Infinity merged with CBS Radio in 1997.
Alan Batkin is a scion of the intensely Zionist Batkin and Tenzer families and the son of Stanley Irving Batkin, a leading Zionist figure since the 1930s. Stanley Batkin is a recipient of Israel’s Prime Minister’s Medallion (1974) and the City of Jerusalem Medal (1976). These awards are given to Zionists for extraordinary service to Israel. The elder Batkin has served, since the founding of the state of Israel, as an executive of the following organizations (among many others): the Zionist Organization of America; the State of Israel Bond Committee; the Jewish Theological Seminary; State of Israel Bonds; Israel’s Weizmann Institute of Science; Friends of Bezalel Academy of Arts & Design, Inc.; and Yeshiva University Museum.
Sources and Recommended Reading:
Bollyn, Christopher, “The Israeli Who Will Run the Obama White House,” November 6, 2008
Bollyn, Christopher, “Update on Madoff’s Guilty Plea,” March 12, 2009
Bollyn, Christopher, “Who is Bernard Madoff, the man behind the $50 billion fraud?” updated March 24, 2009
General Motors Data, Wikinvest
General Motors’ U.S. Sales History, Domestic Brands, 1908-2008, Automotive News, June 1, 2009
General Motors’ Top Ten Markets in Europe, 2008
“Obama gambles on reviving GM from bankruptcy,” Reuters, June 2, 2009
In 2006, New York’s Sun reported:
A real estate investment company says in a $750 million lawsuit that it lost a chance to buy the General Motors Building in the city because of a bid-rigging conspiracy by a group controlled by billionaire investor George Soros.
Leslie Dick Worldwide Ltd. says in court papers the 50-story building at Fifth Avenue and 59th Street in Manhattan was sold to Macklowe Properties Inc. in a “sham” auction for $1.4 billion in September 2003 after the seller ignored Dick’s $1.5 billion offer.
The building was sold by Conseco Inc., which owned a majority interest, to raise cash after it declared bankruptcy in December 2002. Conseco, of Carmel, Ind., told the court that sale of the GM building “presents a unique opportunity to provide capital.”
After the auction, court papers say, Conseco accepted Macklowe’s $1.4 billion bid although “plaintiffs’ bid was superior to Macklowe’s bid in every material respect.”
Dick’s amended complaint, filed three weeks ago in Manhattan’s state Supreme Court, says Mr. Soros gave Macklowe $350 million, including the $50 million deposit Macklowe made, “essentially making Soros the real purchaser of the building.” […]
Macklowe Properties spokesman Howard Rubenstein said his client called the lawsuit “absurd” and said it was “totally devoid of any merit.”
The building once was partly owned by developer Donald Trump, who bought it with Conseco in 1998 for $800 million. Trump’s name was spelled out across the front of the building in huge gold-colored letters.
A RICO (racketeer influenced and corrupt organizations) complaint filed by Leslie Dick Worldwide’s attorney in the U.S. District Court for the Southern District of New York against George Soros, Donald Trump, Deutsche Bank, and other entities – the full text of which is available here – alleges, in summary, the following:
The RICO conspiracy of the defendants was to invest in, operate, and acquire control of various entities involved in continuing fraudulent transactions and surreptitious and conspiratorial alliances and agreements through unlawful means, including but not limited to Money Laundering, Bankruptcy Fraud, and Bid Rigging, acquired Conseco’s prime assets, including Conseco Finance and the General Motors Building in New York City, and thereafter attempted to conceal their illicit activities. […]
In or about May 1998, Conseco and Donald J. Trump entered into a contract to purchase the General Motors Building in New York City, located at 767 Fifth Avenue between 57th and 58th Street, across the street from the Plaza Hotel.
The unlawful Money Laundering through the sale of the General Motors Building, orchestrated and carried out by the RICO Enterprise, including George Soros, Soros Fund Management, SFM Management, Vornado Realty Trust, German American Capital, Fortress Investment Group, Donald J. Trump, and the RICO conspirators Conseco, Deutsche Bank, Lazard, Eastdil Realty, Harry Macklowe, Cerberus Capital Management, Lazard, Kirkland & Ellis, Fried, Frank, Harris, Shriver & Jacobson, Carmel Fifth and 767 Manager, and, upon information and belief, other members of the Enterprise and co-conspirators, operated through a pattern of racketeering and forms one of the cornerstones of the defendants’ illicit activities of Money Laundering and Bankruptcy Fraud, predicate acts of RICO alleged herein and Bid Rigging. […]
Upon information and belief, this was because, at or about the beginning of March 2001, the mastermind of the RICO Enterprise, George Soros, had contacted, among others to be found in discovery, Gary C. Wendt and Donald J. Trump to contrive a Money Laundering scheme to launder money through the sale of the General Motors Building by Conseco, a co-conspirator, through a pattern of racketeering activity. […]
Upon information and belief, at or about this time, the head of the Enterprise, George Soros, or someone else acting on behalf of the Enterprise, began implementing the pattern of racketeering activities which could be accomplished by having Conseco file for Bankruptcy protection under Chapter 11 of the Bankruptcy Code, so as to acquire Conseco’s assets at a discount price, including Conseco Finance and the General Motors Building and launder money through these entities. […]
Upon information and belief, as part of the racketeering activity engineered by the RICO Enterprise, Soros or someone else on behalf on behalf of the RICO Enterprise approached Trump with a proposal to use Bankruptcy Fraud to acquire the General Motors Building and, once acquired by the Enterprise, Soros and the other individuals associated in fact with Soros, including Trump, to engage in a Money Laundering scheme through which they could launder money through the General Motors Building sale.
Mentioned in the Sun article quoted above is the fact that Jewish real estate developer Harry Macklowe, named in the Leslie Dick complaint as one of the Soros-Trump conspirators, was represented by Howard Rubenstein. Rubenstein, a disciple of Edward Bernays and founder of public relations firm Rubenstein Associates, has been described as “a kind of gentle fixer for those who run New York” – his other notable clients including media moguls, mayors, governors – and Donald Trump. A New Yorker profile of Rubenstein, in fact, features a caricature of the “fixer” with Trump lurking sinisterly in the background.
Rubenstein represented Trump most notoriously during his high-profile divorce from wife Ivana, the negative publicity from which, Rubenstein claims, resulted in his being “fired”. Beth Whitehouse relates Rubenstein’s tongue-in-cheek impressions of the episode:
“He never came to me and said, ‘You’re fired,’” Rubenstein says. “He said, ‘Howard, I think on this one, goodbye.’
“It hurt me to the quick. He stabbed me in the heart that day,” says Rubenstein, half-joking. “In a way it hurt, but not really. We always remained friends.”
Rubenstein says it would have been more painful had the Donald said, “I never want to see you again, you’re banished.” But Rubenstein was later rehired.
Indeed, Trump reunited with Rubenstein Associates when it came time for his 2016 presidential bid.
Rubenstein’s reputation as a PR man is simultaneously legendary and tawdry. “The former governor George Pataki,” recounts The New Yorker’s Ken Auletta, “once said that had Howard Rubenstein been around to represent rats during the bubonic plague the headlines would have read ‘Rodents Unfairly Accused of Mild Rash.’” Auletta goes on to relate this revealing anecdote about Rubenstein’s services:
Rubenstein has a special talent for bringing his clients together for their mutual benefit. The real-estate developer Donald Trump got a call from Rubenstein after Rupert Murdoch and his wife, Wendy, bought a Fifth Avenue apartment, in late 2004—Laurance Rockefeller’s former triplex––for a reported forty-four million dollars. Rubenstein asked if Trump could help the Murdochs find a rental while they were waiting for their new place to be renovated. “Howard really wanted something special for Rupert,” Trump says, and he found something suitable for the Murdochs. Everyone was happy: the Murdochs had shelter from the rain and wind, Trump had done something for the owner of a paper whose attentions he enjoys, and Rubenstein had performed another service.
What is intriguing about this story is how it demonstrates that Howard Rubenstein and Rubenstein Associates are not merely a public relations firm; they are also favor brokers. New York’s “fixer” is reputed to have “strong feelings about the State of Israel” and he peddled spin on a professional basis for the government of Ariel Sharon. He has also acted as an advisor to Larry Silverstein, who described him as “a super confidant”.
Rubenstein’s relationship with Trump has received much more publicity, but the public relations titan also has ties to Hillary Clinton. In 2001 he represented Democratic Party fundraiser Denise Rich, whose husband, hedge fund manager Marc Rich, received a last-minute pardon from outgoing commander-in-chief Bill Clinton. Hillary was spotted hobnobbing with the likes of Al Sharpton and Dr. Ruth Westheimer at a Rubenstein gala described as a “sublime rat-fuck”.
Asked in 2006 whom he would like to see become the next president of the United States, Rubenstein replied that Hillary Clinton would be a top pick.
See also: Donald Trump: The Soros Connection