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Financial Weapons Of Mass Destruction The Top 25 U S Banks Have 222 Trillion Dollars Of Exposure To Derivatives

May 18th, 2017 by

http://theeconomiccollapseblog.com/archives/financial-weapons-of-mass-destruction-the-top-

25-u-s-banks-have-222-trillion-dollars-of-exposure-to-derivatives

Derivatives

By Michael Snyder

The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.  Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives.  In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve.  As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system.  But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented.

During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out companies such as AIG that were on the verge of collapse because the risks that they took were just too great.

But now it is happening again, and nobody is really talking very much about it.  In a desperate search for higher profits, all of the “too big to fail” banks are gambling like crazy, and at some point a lot of these bets are going to go really bad.  The following numbers regarding exposure to derivatives contracts come directly from the OCC’s most recent quarterly report (see Table 2), and as you can see the level of recklessness that we are currently witnessing is more than just a little bit alarming…

Citigroup

Total Assets: $1,792,077,000,000 (slightly less than 1.8 trillion dollars)

Total Exposure To Derivatives: $47,092,584,000,000 (more than 47 trillion dollars)

JPMorgan Chase

Total Assets: $2,490,972,000,000 (just under 2.5 trillion dollars)

Total Exposure To Derivatives: $46,992,293,000,000 (nearly 47 trillion dollars)

Goldman Sachs

Total Assets: $860,185,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $41,227,878,000,000 (more than 41 trillion dollars)

Bank Of America

Total Assets: $2,189,266,000,000 (a little bit more than 2.1 trillion dollars)

Total Exposure To Derivatives: $33,132,582,000,000 (more than 33 trillion dollars)

Morgan Stanley

Total Assets: $814,949,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $28,569,553,000,000 (more than 28 trillion dollars)

Wells Fargo

Total Assets: $1,930,115,000,000 (more than 1.9 trillion dollars)

Total Exposure To Derivatives: $7,098,952,000,000 (more than 7 trillion dollars)

Collectively, the top 25 banks have a total of 222 trillion dollars of exposure to derivatives.

If you are new to all of this, you might be wondering what a “derivative” actually is.

When you buy a stock you are purchasing an ownership interest in a company, and when you buy a bond you are purchasing the debt of a company.  But when you buy a derivative, you are not actually getting anything tangible.  Instead, you are simply making a side bet about whether something will or will not happen in the future.  These side bets can be extraordinarily complex, but at their core they are basically just wagers.  The following is a pretty good definition of derivatives that comes from Investopedia

A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes.

Those that trade derivatives are essentially engaged in a form of legalized gambling, and some of the brightest names in the financial world have been warning about the potentially destructive nature of these financial instruments for a very long time.

In a letter that he wrote to shareholders of Berkshire Hathaway in 2003, Warren Buffett actually referred to derivatives as “financial weapons of mass destruction”…

The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.

Warren Buffett was right on the money when he made that statement, and of course the derivatives bubble is far larger today than it was back then.

In fact, the total notional value of derivatives contracts globally is in excess of 500 trillion dollars.

This is a disaster that is just waiting to happen, and investors such as Buffett are quietly positioning themselves to take advantage of the giant crash that is inevitably coming.

According to financial expert Jim Rickards, Buffett’s Berkshire Hathaway Inc. is hoarding 86 billion dollars in cash because he is likely anticipating a major stock market downturn…

Far from a bullish sign, Buffett’s cash hoard could mean he’s preparing for a market crash. When the crash comes, Buffett can walk through the wreckage with his checkbook open and buy great companies for a fraction of their current value.

That’s the real Buffett style, but you won’t hear that from your broker or wealth manager. If Buffett has a huge cash allocation, shouldn’t you?

He knows what’s coming. Now you do too.

Warren Buffett didn’t become one of the wealthiest men in the entire world by being stupid.  He knows that stocks are ridiculously overvalued at this point, and he is poised to make his move after the pendulum swings in the other direction.

And he might not have too long to wait.  In recent weeks I have been writing about many of the signs that the U.S. economy is slowing down substantially, and today we received even more bad news

Despite high levels of economic confidence expressed by business owners and consumers, one key indicator shows that it has not translated into much action yet.

Loan issuance declined in the first quarter from the previous three-month period, the first time that has happened in four years, according to an SNL Financial analysis of bank earnings reports filed for the period. The total of recorded loans and leases fell to $9.297 trillion from $9.305 trillion in the fourth quarter of 2016.

This is precisely what we would expect to see if a new economic downturn was beginning.  Our economy is very highly dependent on the flow of credit, and when that flow begins to diminish that is a very bad sign.

For the moment, financial markets continue to remain completely disconnected from the hard economic data, but as we saw in 2008 the markets can plunge very rapidly once they start catching up with the real economy.

Warren Buffett is clearly getting prepared for the crisis that is ahead.

Are you?

Olddogs Comments!

Ok folks, the one thing you need to think about is, “how and why our government allows the Banks to swindle the people”? Is it not apparent that the Banks are the real government? Do you have any hope of a financially secure future? Are you willing to stand up to the bastards you pay to run your country? Or, are you going to sit on your ass and watch them steal everything you thought you owned? Do you have any clue what a debt slave really is? What will you do when the people finally revolt, go crazy mad, and start killing anything that moves? Five days without food and water will turn people into crazy monsters! That includes you possibly eating your family!!!!               

Now go back to your cell phone or TV.

Derivatives

The Richest Man In All Of Asia Is Aggressively Preparing For Collapse:

April 18th, 2017 by

http://www.shtfplan.com/headline-news/the-richest-man-in-all-of-asia-is-aggressively-preparing-for-collapse-direct-exposure-to-gold-as-super-wealthy-focus-on-wealth-preservation_04162017

“Direct Exposure To Gold As Super Wealthy Focus On Wealth Preservation”

GOLD

By Mac Slavo

The world is awash in crisis with wars looming, economies crashing and revolutions brewing. Doomsday bunkers sales are soaring and individuals from coast to coast are getting ready for whatever tomorrow may bring. Moreover, even governments like China and Russia are preparing, having gone so far as to create their own exchange mechanism to trade directly with gold in the event of a global currency crisis or financial meltdown.

But it’s not just governments who have taken notice of the problems facing the globe. According to Gold Mining Chairman Amir Adnani and Sprott U.S. Holdings CEO Rick Rule, some of the biggest billionaire investors on the planet are actively seeking out precious metals like gold as wealth protection insurance amid the uncertainty of the current geo-political climate.

In a recent interview with SGT Report, Adnani explains that several super wealthy individuals with whom he works very closely, including mainland China’s biggest billionaire investor and the richest man in all of Asia Li Ka-shing, have a renewed and urgent interest in diversifying their assets into both, gold mining firms and the physical asset itself:

This individual’s net worth is about $35 billion… For the first time in a number of years of working with his team when it comes to investments in commodities that they believe were important to the strategic growth of China… for the first time they are looking for gold related investments.

The comment from the person heading this initiative for Li Ka-shing is very interesting… His right had man said to me ‘He’s not just looking for investing in gold mines… he literally wants to find more ways to take physical gold back to Hong Kong and have that exposure.’

This is the largest individual investor in mainland China and I tell you over the last few years of having worked with him on the energy side, this is the first time I have seen him so aggressively looking for gold related opportunities.

In the full interview, insiders Amir Adnani and Rick Rule share their experiences working with others large investors, current strategies and expectations of what’s to come:

(Watch at Youtube)

The reason for why these high net worth individuals are rapidly moving into gold related assets, notes Adnani, is that they are not necessarily all that concerned with the current price and how high it may go in the future, but rather, because precious metals are backed with thousands of years of evidence that they are the asset of last resort during crisis:

That’s one… the second one… we’re very fortunate at Gold Mining… one of the board members of our company who has been a founder of the company since day one is a Brazilian billionaire by the name of Mario Garnero…

When I look at the level of interest that his organization has in terms of wanting that direct exposure to gold… I talked to them about why they are looking at this…

They’re focused on one factor that we seldom think about… We’re so fixated on price of gold… what they’re focused on… what the super wealthy are focused on… what the billionaires are focused on… is the fact that gold plays that hedge in your portfolio… that’s it’s the insurance in the portfolio…

It may not necessarily be as critical to think whether it’s $1200 an ounce or $1300… we fixate so much on the price… and we forget that irrespective of what it’s trading at on any given day it’s meant to be an insurance policy… it’s meant to be protection of wealth and preservation of wealth…

It’s a great reminder when you look at the first trading day after Brexit… I remember looking at my own portoflio.. and looking at the market… and everything is red… the Dow is down over 500 points… the only thing up are gold stocks…

But while insurance and wealth preservation are the key motivating factor for the super wealthy, another billionaire, Sprott U.S. Holdings CEO Rick Rule, says that even a tiny boost in investor demand could drive prices to new highs from here as investors stampede into hard asset stocks and physical holdings as the current bull market gains steam:

Let me give you a startling statistic that tells you what an awakening might do… physical precious metals, certificated precious metals, and precious metals equities occupy about one-third of one percent of the savings and investment assets of the United States.

The corresponding number at the top of the last bull market.. real bull market in 1981… was 8%…

One third of 1% now… 8% at the top.

I’m not suggesting to you that gold and precious metals related investments will ever get back to 8% but I would suggest to you that they will, in this bull market, approach the three decade median, which was 1.5%.

If that occurred, you would see a more than four-fold increase in demand for precious metals and precious metals related equities… I think that could be reasonably dramatic.

I am not one of these doom and gloom guys who says that gold is going win the war against the U.S. dollar.

But if gold lost the war a little less badly… in other words, if gold and gold equities market shares got up to 1.5% of the investment savings matrix of the United States, that would represent a four-fold increase in demand.

The world is primed for a serious, potentially devastating collapse of life as we know it. That may come with war, economic collapse, or both simultaneously. What we know from history is that those who prepared ahead of time and understood the ramifications of such events were positioned to not only survive, but thrive.

The high net worth individuals who are moving into gold related assets see the writing on the wall, and they are positioning themselves now to ensure their wealth will be preserved.

We strongly encourage you to do the same.

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Exactly Why the Trump Administration Needs to Cooperate

April 13th, 2017 by

http://www.paulstramer.net/2017/04/exactly-why-trump-

administration-needs.html

Foreign Corporations

By Anna Von Reitz

Frankly, everyone hates the United States. A lot of people claim to hate “America” but what they are talking about is always the United States, instead. This is a misunderstanding that needs to be cleared up.
“America” and the “United States” are two completely different things.
They are foreign with respect to each other and always have been. America is the fifty republican states of the Union: Oregon, Idaho, Florida…. The United States/UNITED STATES is fifty-seven “States of States”— corporate franchises of foreign Territorial and Municipal corporations: State of Idaho and STATE OF IDAHO, for instance.

It’s the United States/UNITED STATES that has raped and burned and pillaged and polluted and rampaged all over the Earth. The clueless Americans have been duped into believing these foreign corporations were their own dear lawful government.

Now that they know that the thing is Washington, DC, is just a “government for hire” operation, and they perceive that they have been duped and used and abused and cheated and plundered and imposed upon by the same corporations that have been doing it to the rest of the world, the Americans have cause to hate the United States, too.

With the Americans on one side and the outraged rest of the world on the other, what’s the United States to do?

The perps have tried to move their base of operations to China, but that isn’t working out so well for them. Nobody who wants to gain weight eats a tapeworm.

These so-called “Federal Corporations” still have a lot of power, but it is all power they either stole or borrowed or defrauded from the American states and people that they have claimed to represent and serve. Without the Americans backing them, they dwindle down to nothing but wind. Even Puerto Rico won’t try to find the best part of them.

This, politically, and a hopelessly corrupt government bookkeeping system, is what President Donald J. Trump is faced with.

Anyone looking to him to help them drain their local swamps will be sadly disappointed. Instead, he needs our help to drain his swamp in Washington, DC.

And that is why he needs to cooperate fully with the restoration of the American land jurisdiction states and expedite the return of Americans to their native political status and encourage the restoration of the American Common Law courts and accept the use of our asset-backed monetary system— because without our help and support, the so-called Federal Government doesn’t have a prayer.

See this article and over 500 others on Anna’s website here:

www.annavonreitz.com

Foreign Corporations

Why Hasn’t Citigroups Banking Charter Been Yanked?

April 8th, 2017 by

http://www.wallstreetonparade.com./

BANKING CORRUPTIONBy Pam and Russ Martens:

Citigroup was back in the news again last Tuesday when the Consumer Financial Protection Bureau (CFPB) reported that its banking unit, Citibank, was among the three banks with the highest average monthly complaints filed against it alleging credit card abuses. (The other two banks were Capital One and JPMorgan Chase.)

This is the tip of the iceberg when it comes to Citigroup and its haloed Citibank.

On May 20, 2015, Citigroup’s banking division pleaded guilty to a criminal felony charge for foreign currency rigging following a decade of serial charges against the global behemoth. (See rap sheet below.) Instead of putting this incorrigible recidivist out of business, the Federal government has continued to allow its shady proclivities to be perpetuated against an unsuspecting public.

The U.S. central bank, the Federal Reserve, which incompetently oversees Citigroup as it takes on massive derivative risk and continues to fleece the public, saw fit to secretly funnel $2 trillion of loans into Citigroup’s collapsing carcass from 2007 to at least 2010 at almost zero interest rates. During that period, Citigroup was allowed to continue to charge double-digit interest rates on its credit cards and put struggling homeowners out on the street from its tricked-up mortgages. The $2 trillion in secret loans came on top of the publicly announced $45 billion in equity infusions and more than $300 billion in asset guarantees by the Federal government to keep this ethically-challenged institution alive.

Why would the Federal government want to bail out such a recidivist lawbreaker instead of simply putting it out of business? Citigroup is one of those too-big-to-fail, too-big-to-jail and too-interconnected-to-fathom financial goblins that continue to threaten the U.S. financial landscape today.

The CFPB’s report last week brought to mind a Harper’s article by Andrew Cockburn in April 2015. Cockburn had traced the history of how Sandy Weill had parlayed Commercial Credit through a series of mergers that, thanks to the repeal of the Glass-Steagall Act by President Clinton & Company in 1999, had culminated in the too-big-to-fail Citigroup.

With the blessing of its regulators, including the Federal Reserve, Citigroup was allowed to replicate the precise banking model which had brought on the 1929 crash and Great Depression: it was allowed to hold savings deposits while making wild speculations on Wall Street and selling bogus stocks to the hapless public.

While today Bill Dudley, President of the Federal Reserve Bank of New York, incessantly fingers his worry beads and ponders what it will take to change the jaded culture of Wall Street mega banks, Cockburn quickly drilled down to the problem: Citigroup grew out of a loan sharking operation that permeates its culture.

Cockburn writes:

“Weill had recently been eased out from Shearson Lehman/American Express [in 1985], a financial conglomerate he had helped to build. Eager to get back in the game, he bought a Baltimore firm called Commercial Credit. In the view of Weill and his protégé, Jamie Dimon [now CEO at JPMorgan Chase], their new acquisition was in the beneficent business of supplying ‘consumer finance’ to ‘Main Street America.’ Their office receptionist, Alison Falls, thought otherwise. Overhearing their conversation at work one day, she called out, ‘Hey, guys, this is the loan-sharking business. Consumer finance is just a nice way to describe it.’

“Falls had it right. Commercial Credit made loans to poor people at predatory interest rates. Strapped to pay off their loans, borrowers were encouraged to refinance, with added fees each time. Gail Kubiniec, who was then an assistant sales manager at the company’s branch office in Tonawanda, New York, remembers that the basic aim was to lend money to ‘people uneducated about credit. You could take a five-hundred-dollar loan and pack it with extra items like life insurance—that was very lucrative. Then you could roll it over with more extra items, then reroll the new loan, and the borrower would go on paying and paying and paying.’ ”

Cockburn includes an excerpt from an affidavit that Kubiniec had filed with the Federal Trade Commission in 2001 about the practices of Commercial Credit, which had changed its name to CitiFinancial:

“I and other employees would often determine how much insurance could be sold to a borrower based on the borrower’s occupation, race, age, and education level. If someone appeared uneducated, inarticulate, was a minority, or was particularly old or young, I would try to include all the coverages CitiFinancial offered. The more gullible the consumer appeared, the more coverages I would try to include in the loan.”

Wall Street On Parade took a look at the CFPB’s consumer complaint database to peruse the tens of thousands of complaints that have been filed against Citigroup and its banking unit, Citibank, since the CFPB began operations in 2011. The complaints range from debt collection practices to credit card abuses to student loan gouging to mortgage and foreclosure abuse.

Given the serial charges and settlements by Citigroup as listed below, one has to seriously wonder if fraud has not only become a business model at Wall Street banks (as Senator Bernie Sanders of Vermont has stated) but an accepted business model by Wall Street’s regulators and the U.S. Justice Department.

————-

The following is just a sampling of charges brought against Citigroup and/or its various units since December 2008:

December 11, 2008: SEC forces Citigroup and UBS to buy back $30 billion in auction rate securities that were improperly sold to investors through misleading information.

February 11, 2009: Citigroup agrees to settle lawsuit brought by WorldCom investors for $2.65 billion.

July 29, 2010: SEC settles with Citigroup for $75 million over its misleading statements to investors that it had reduced its exposure to subprime mortgages to $13 billion when in fact the exposure was over $50 billion.

October 19, 2011: SEC agrees to settle with Citigroup for $285 million over claims it misled investors in a $1 billion financial product.  Citigroup had selected approximately half the assets and was betting they would decline in value.

February 9, 2012: Citigroup agrees to pay $2.2 billion as its portion of the nationwide settlement of bank foreclosure fraud.

August 29, 2012: Citigroup agrees to settle a class action lawsuit for $590 million over claims it withheld from shareholders’ knowledge that it had far greater exposure to subprime debt than it was reporting.

July 1, 2013: Citigroup agrees to pay Fannie Mae $968 million for selling it toxic mortgage loans.

September 25, 2013: Citigroup agrees to pay Freddie Mac $395 million to settle claims it sold it toxic mortgages.

December 4, 2013: Citigroup admits to participating in the Yen Libor financial derivatives cartel to the European Commission and accepts a fine of $95 million.

July 14, 2014: The U.S. Department of Justice announces a $7 billion settlement with Citigroup for selling toxic mortgages to investors. Attorney General Eric Holder called the bank’s conduct “egregious,” adding, “As a result of their assurances that toxic financial products were sound, Citigroup was able to expand its market share and increase profits.”

November 2014: Citigroup pays more than $1 billion to settle civil allegations with regulators that it manipulated foreign currency markets. Other global banks settled at the same time.

May 20, 2015: Citicorp, a unit of Citigroup becomes an admitted felon by pleading guilty to a felony charge in the matter of rigging foreign currency trading, paying a fine of $925 million to the Justice Department and $342 million to the Federal Reserve for a total of $1.267 billion. The prior November it paid U.S. and U.K. regulators an additional $1.02 billion.

May 25, 2016: Citigroup agrees to pay $425 million to resolve claims brought by the Commodity Futures Trading Commission that it had rigged interest-rate benchmarks, including ISDAfix, from 2007 to 2012.

July 12, 2016: The Securities and Exchange Commission fined Citigroup Global Markets Inc. $7 million for failure to provide accurate trading records over a period of 15 years. According to the SEC: “CGMI failed to produce records for 26,810 securities transactions comprising over 291 million shares of stock and options in response to 2,382 EBS requests made by Commission staff, between May 1999 and April 2014, due to an error in the computer code for CGMI’s EBS response software. Despite discovering the error in late April 2014, CGMI did not report the issue to Commission staff or take steps to produce the omitted data until nine months later on January 27, 2015. CGMI’s failure to discover the coding error and to produce the missing data for many years potentially impacted numerous Commission investigations.”

Richard Bowen Is Skeptical of Citigroup’s Culture Makeover: Here’s Why

BANKING CORRUPTION

Richard Bowen, Testifying Before the Financial Crisis Inquiry Commission

Editor’s Note: Richard Bowen is the former Citigroup Senior Vice President who repeatedly alerted his superiors in writing that potential mortgage fraud was taking place in his division. At one point, Bowen emailed a detailed description of the problem to top senior management, including Robert Rubin, the former U.S. Treasury Secretary and then Chairman of the Executive Committee at Citigroup. Bowen’s reward for elevating serious ethical issues up the chain of command was to be relieved of most of his duties and told not to come to the office. Bowen testified before the Financial Crisis Inquiry Commission in 2010. In 2011, Bowen had the courage to pull back the curtain on Citigroup’s moral code on the CBS program 60 Minutes. Bowen is today a Professor of Accounting at the University of Texas at Dallas and speaks widely on the ethical breakdowns that led to the 2008 Wall Street financial collapse. Professor Bowen’s analysis of Citigroup’s latest foray into changing its ethical culture appears below.

————-

Who’s Trying Now to Save Citigroup’s Soul? 

By Richard Bowen: March 27, 2017 

The headline in last Saturday’s Wall Street Journal captured my immediate attention. The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul… What??

Supposedly Citigroup is taking a “new” approach to the cultural and other issues they have had for years and have hired Dr. David Miller, a Princeton University professor, theologian and former banker to be their “on call ethicist.”  Dr.  Miller heads the University’s Faith & Work Initiative and has worked with Citi intermittently over the last three years. He says, “You need banking, just like you need pharmaceuticals.”

His role, to provide “advice and input to senior management.” This includes CEO Michael Corbat who recently raised an idea that came from Dr. Miller. Mr. Corbat said, when faced with an uncertain situation, “ask the four M’s: What would your mother, your mentor, the media and—if you’re inclined—your maker think?” The problem, he adds, isn’t the bad apples. Rather, it is how easy it is for good employees to justify bad decisions when they face gray-zone questions.

And Citi has had more than its share of gray zone areas.  Citigroup has had numerous issues and has earned a reputation for ethical problems before and after the financial crisis. Dr. Miller was brought in by Mr. Corbat who was surprised when the company’s employee surveys showed some workers weren’t comfortable escalating concerns about possible wrongdoing.

He was also disturbed by the banking industry’s image problem overall. “If you look today at what the poll numbers say, what the general population says, there is distrust of banks,” Mr. Corbat said in an interview.

The article goes on to say, “Citigroup is embracing Dr. Miller’s idea (influenced by Plato and Aristotle) of three lenses to apply in ethical decision-making, an approach: Is it right, good and fitting? Citigroup executives have added:  Is it in our clients’ interest, does it create economic value, and is it systemically responsible?”

The bank is sharing these ideas with employees worldwide, working them into its ethics and training manuals and mission statement and posting it on the wall of its Manhattan headquarters lobby.

But wait! This is not a “new” idea.

I was at Citi, when in 2003 they were fined $1.5 billion for “false and misleading research reports;” and in 2004 when they were hit with $5 billion in fines and settlements associated with Enron and WorldCom. These and other scandals in Japan Private Banking and the European bond market led to the Federal Reserve (in 2005) to publicly announce that they would not approve any major Citigroup mergers and acquisitions, until the company resolved their issues.

As a result of all this and more, Citi vowed that these issues would not happen again. And in March 2005, then CEO Chuck Prince announced his strategy to transform the financial giant and to provide a new direction for the future, called the “Five Point Ethics Plan” to: improve training, enhance focus on talent and development, balance performance appraisals and compensation, improve communications, and strengthen controls. A comprehensive ethics policy was implemented requiring annual training by all employees. Employees could be fired if they did not follow the new ethics plan.

And Mr. Prince announced, with great fanfare, the hiring of Lewis B. Kaden, a former professor and director of Columbia University’s Center for Law and Economic Studies and moderator of PBS’s popular Ethics in America TV series, which earned a Peabody Award. Mr. Kaden was named Vice Chairman and was over ethics and other areas. In the trenches we called him the Ethics Czar.

Well despite desperation, a new ethics policy, training and fear, the Five Point Ethics Plan didn’t work. By now you know by heart of their subsequent mortgage fraud and what led to my and Sherry Hunt’s blowing the whistle on Citi. And following that there were the LIBOR and FOREX trading scandals.

To this day, Citi still has ethics issues as witness one of the latest, their being investigated for hiring practices  that could violate foreign bribery laws.

We can “talk” culture all day long, mandate it, instill fear  re firing,  but if leadership is not an example and role model for ethical behavior… well it’s not going to happen! If a company wants to promote and assure ethical standards are followed then transparency, trust and developing an ethical culture based on guiding principles are critical.

In a previous post I quoted Ms.Yves Smith, commenting on an article “Can Philosophy Stop Bankers From Stealing?” by Lynn Parramore, a senior research analyst at the Institute for New Economic Thinking.  Ms. Parramore states, “Pernicious cultural norms inside American banks and regulatory agencies have crowded out fundamental moral principles…”

Ms. Parramore quotes Ed Kane, Professor of Finance at Brown College, “Ed Kane believes it’s vital to discuss moral questions, in plain English, without abstractions. Following his own advice, he is blunt in characterizing some of the behavior in the banking industry in recent years: “Theft is a forced taking of other people’s resources,” he says. ‘That’s what’s going on here.” Kane urges a deep inquiry into our culture to understand why bankers so commonly get away with crimes in the United States.”

Evidence shows Citi did not change its culture. It did not follow its own ethics plan. It may presently have a 60 page ethics policy, however, that has proved to not be enough. Posting it does not change behavior.

Who knows, perhaps this time around it may work. Dr. Miller believes banks can change. “To make the assumption that an organization cannot be more ethical than it was is to give up before you start… It is not naive. It is a realistic and necessary goal.”

Am I skeptical? Heck yes.  Let’s see if Citigroup has the moral fortitude to indeed finally make good culture changes happen. For the sake of our country, I wish Dr. Miller much success.

We’re All Minorities Now

By Pam Martens and Russ Martens: March 21, 2017

The one percent now effectively owns Washington: the making of our laws, the writing of Executive Orders, the running of Federal agencies with the power to put crooks among the one percent in prison – or not, and they are now the overseers of gutting Federal programs that benefit the 99 percent.

One thought comes to mind about this state of affairs. The abolitionist and writer, Frederick Douglass, once said:

“Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe.”

The majority of Americans, whether they are yet aware or not, now walks in the shoes of Frederick Douglass. We’re all minorities now. The billionaires and their lackeys rule.

How did a society that fought a brutal and bloody revolution to throw off the yoke of one percent rule end up where we find ourselves today?

After a decade of thinking and researching and writing about little else, we believe the major causes are as follows: a highly consolidated corporate media that failed to tackle these issues with regularity and force; a timid Internal Revenue Service that was afraid to take on the billionaire class for setting up faux citizen front groups that drowned out the voice and views of real citizens; and, of course, an abjectly corrupt system of billionaire financing of political campaigns.

Below is a small sampling of articles from our archives which should have warned us that we were rapidly devolving as a democracy and that a full scale plutocracy was in our future.

The Right Wing Group Behind Donald Trump’s Rise Aims to Keep Fear Alive

The Koch Brothers as Newspapermen 

Koch Footprints Lead to Secret Slush Fund to Keep Fear Alive 

The Koch Empire and Americans for Prosperity 

Resurrecting Ayn Rand: Hedge Fund Money Teams Up With Koch & BB&T

Who’s Behind PropOrNot’s Blacklist of News Websites 

Washington Post Reporter Spreads Blacklist of Independent Journalist Sites 

United Technologies: Boss Gets $192 Million, 110-Foot Yacht as 2100 Jobs Move to Mexico at $3 an Hour 

Corporate Media Blacks Out Coverage of Bill to Overturn Corporate Personhood 

Supreme Seduction: Bringing Low the High Court 

60 Minutes Takes a Pass on Wall Street’s Secret Spy Center

BANKING CORRUPTION

America Is Falling From Within

April 6th, 2017 by

https://newswithviews.com/america-is-falling-from-within/

by Dave Daubenmire

Read More Articles by Dave Daubenmire

Matthew 7:24  Therefore whosoever heareth these sayings of mine, and doeth them, I will liken him unto a wise man, which built his house upon a rock:  And the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell not: for it was founded upon a rock.  And every one that heareth these sayings of mine, and doeth them not, shall be likened unto a foolish man, which built his house upon the sand:  And the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell: and great was the fall of it.

America is in moral freefall. The open and blatant lying from the halls of our once great experiment in self-government has exposed a crumbling foundation of a city that once illuminated the world. The light is flickering and darkness hovers over the land. The flood of secularism and its shaky foundation has left our nation groping in the darkness.  We have traded wise men for the foolish men and great will be our fall.

America has fallen from within.  We have done it to ourselves.

The Founders of this nation, flawed though they were, understood the importance of shared values.  All nations are built upon a common set of moral values and for just over 200 years this nation’s foundation was the rock of Christianity.  Despite what the anti-moralists may try to convince you, America was formed upon the principle that liberty was the birthright of every citizen but that liberty was anchored to a set of immutable principles.  It was those unchanging precepts that secured “the Blessings of Liberty to ourselves and our Posterity.”

But somewhere along the way a soft coup was executed and the rug was pulled out from under our feet and we have been dealing with shifting sand ever since.  America was great, a wise man told us, because America was good.  But with the removal of the Bible as the cornerstone of our Republic the time-tested values of God’s Holy Commandments were sandblasted off of the walls of our institutions and replaced with the sinking sand of secularism.  God’s laws are immutable.  The laws of secularism are constantly shifting.

Today, our nation is governed, not by immutable laws written in stone, but by emotion driven values driven by “feelings”.  As emotions change, the laws change.  Soon the rains descended, the floods came, and the winds blew and Humpty Dumpty had a great fall.  The secular kings and their secular horses could not put the nation back together again.

Secularism is a fraud.  It leaves the foundations upon which the nation was built open to the ebbs and flows of the whims of men.  Emotionalism is a terrible base upon which to build.  A moral earthquake has left the foundations in ruins.  We have left nothing upon which the next generation can build.

The secularists have mimicked God.  They have tricked us into accepting counterfeit commandments that were designed to create a secularist utopia.  They have successfully replaced the six thou-shall-nots of God with their more modern version of morality based not on the immutable laws of God but upon the ever-changing flood of human emotions.

Thou shall not kill, steal, lie, sleep around, covet, nor dishonor your parents have been jettisoned from the American psyche replaced by the emotion driven sand box of tolerance, diversity, sexual anarchy, if it feels good do it, all beliefs are equal, and who am I to judge silly putty.

An ever changing society requires a never changing standard in order to survive.  Secularism secures nothing except the temporary.  No long term culture was ever built upon a constantly-changing foundation.  America is no longer great because they have changed the meaning of good.  We have been here before.

In those days there was no king in Israel but everyone did that which was right in his owns eyes.”

Secularism is doomed to failure.  A moral system built upon the ever changing whims and emotions of the individual citizen cannot stand against the onslaught of evil designed to destroy the foundations of a nation.

Godless emotions are sure to succumb to the evil hearts of men unrestrained by the laws of God.  Secularism is to a nation what a windmill is to nature.  Rather than giving direction to the storm it swings whichever way the wind blows.

What would this nation look like today if we had remained anchored to the ROCK of AGES?  . If we had held our ground when the winds blew we would not be dealing with most of the social issues we have today.  Every problem America faces today is a direct result of our moral capitulation in the face of a storm of immorality.

Secularism cannot save us.  Everyone doing what is right in his own eyes will not work when the people are blind to a shared belief of right and wrong.

In America today, the blind are truly leading the blind.  Is it any wonder that we have ended up in a ditch?

© 2017 Dave Daubenmire – All Rights Reserved

Olddogs Comments!

Let’s apply Secularism to food and see what we get. Go to your pantry and refrigerator and pull out one of each item, then mix them all up and bake them at 375 for one hour. If you can eat a bowl full, I guarantee you will either die or wish you would. Nothing is dumber than expecting good results from merging different nationalities. A small amount of arsenic may not cause a problem, but a plate full is certain death. Good luck you dumb shits!

Secularism

Blood Oath Fulfilled

April 3rd, 2017 by

http://www.paulstramer.net/2017/04/blood-oath-fulfilled.html

BLOOD OATH

By Anna Von Reitz

Yes, I have a blood oath standing on the altar of the Universal Catholic Church.  Please note that the Universal Catholic Church is not the Roman Catholic Church, but the far, far greater Church at large.  

My Blood Oath clearly states to you— as it did to Cardinal George of Chicago (see the actual letter addressed to him that is part of my archive at www.annavonreitz.com)— that I was putting my life and soul at risk to bring forward the Great Fraud against the American states and people for remedy.

In fact, under ecclesiastical court rules, nobody who isn’t prepared to hazard their own life and soul against me in this matter is allowed to offer rebuttal.  And nobody has. 

Not a peep in rebuttal or denial of what I have said about the cheating and defrauding and press-ganging and breach of trust against the American states and people has ever been heard in the years since I placed my Blood Oath before the Vatican Chancery Court and the Holy See and I am sure that no such denial or rebuttal will ever be made, because what I have said is true and verifiable.

Anyone who tried to come against me would lose not only the argument, but would burn in eternal Hell according to Catholic Doctrine for placing my life and soul at risk for the sake of a self-interested lie.

It’s like playing poker.  When the bid is insurmountably high, nobody takes it.  And I placed the bid insurmountably high for the sake of the truth and my country and my countrymen and my True Lord, Jesus, who is not dead and not a dead body, either.

The Bible teaches that the soul is in the blood. 

So when you seal testimony in blood, it is sealing the truth of it with your soul. 

Most of you have been deposed or given statements before Notary Publics or vows before clergymen— promises that you have made to the best of your ability, oaths to tell the truth under penalty of perjury in admiralty courts, affirmations of truth in civil courts, and all of this is accepted as normal due process that people should be held accountable for telling the truth and should give some sign of consent to be punished if they are found to be willfully prevaricating. 

When you seal testimony in blood before the highest ecclesiastical and equity court in the world—-and you are bringing charges against the Roman Pontiffs and British Monarchs for fraud, theft, and breach of trust and commercial contract for the last 150 years– you had better believe that you have to post a bond backing your testimony in the most absolute and unequivocal terms possible: a blood oath. 

I knowingly, willingly hazarded my life and eternal soul as punishment for any willful lie— but I also called the Cardinals, Pontiffs, and Monarchs on the carpet under the same risk. 

The fact that not one of them offered as much as a whisper—ever—in rebuttal tells you that what I have said is true and that my judgment in the matter stands as The Law binding upon the court, the Holy See, and their property managers at the Vatican and also upon their vassal lords.  They quite literally have nothing to say and therefore have to accept my decisions and pay whatever remedy I demand. 

My decision was to redeem the Kingdom of God they created in the name of the Kingdom of Heaven, which is my Lord’s and founded on His Love, His Blood, His Soul, His Rule of Peace, His Law of Love, and His Father’s Law of Free Will. 

The world is so utterly messed up, so violent, so confused, so deluded, so full of excrement and idolatry and vengeance and stupidity and lies of every kind that it must be remade in a different form. 

The old paradigm of the Holy See was pagan in origin and based on the Doctrine of Scarcity, a cruel yoke which presumes that everyone is guilty and that there is never enough of any good thing.  As a result, all commercial economies were reduced to being run on a premise of eternal debt and indebtedness.  One could only pay one’s debts with more debts, sins with more sins, conflicts with more conflicts, until physical death released us from this Hell Hole that Satan and his servants made of it. 

Thus they had determined to live and force everyone else to live until such time as a physical manifestation of Jesus appeared and released the prisoners and redeemed the kingdom.  That has now been done.  Against all odds, I have appeared as His Fiduciary, fulfilled The Law and the Prophets, bound Satan, and My Lord has put him under my feet according to His Word. 

The new paradigm of the Holy See is to be made wholly in the image of Jesus and based on the Doctrine of Abundance, wherein every being is deemed innocent and there is enough of all things for men to live in peace and in the enjoyment of their own homes and where there is no such thing as debt held against us.  Instead, there will be credit afforded us, more than enough to fulfill the needs of every man, woman, and child, more than enough to build each community, clean up the environmental damage, and ensure that there is no longer any need for war or hunger or want or disease or death or crying. 

The entire debt-based system is being reversed and henceforth for 1,000 years it shall stand until the Final Test and the Lord of Heaven comes again.   

Your only requirement will be to keep the peace, love yourself and others equally, and respect the free will of others insofar as it hurts nothing. 

I would beg each one of you to make it your business to get up each day and make this world a better place, by whatever means you have, both small and great.

Beyond that, there is no true law, for our Father does not demand that you worship Him, though I say that all those who live and breathe and have their being in Him ought to worship our Father, for in All There Is there is nothing more or else or apart from Him to worship and so, all else is delusion—a matter of worshiping the creation instead of the Creator, or worshiping only a part of Him, as if He could be separated from Himself. 

Please bear in mind that aside from my willingness to serve Him, I have no great merit of my own; it is His Merit that has established the Kingdom of Heaven, His Wisdom that established its Law, and His Credit which pays all debts forevermore.  It is the Most Humble of the Most High who has won the Everlasting Victory and it is in His Name and the Name of His Kingdom that I have come and set my blood upon the cornerstone in defiance of The Lie and the Liars. 

So this is the meaning of my “Blood Oath” and this is why it was required of me and also all the many other years and ways of trial that brought me.

Those who are afraid of my Blood Oath have cause to be afraid, for it stands against their Master and his demons and all those who secretly serve him as the entrance to their grave; those who say that I have acted as an “agent of the Vatican” mistake my role and place, for I have not come to argue with property managers but to contend for the Throne of Grace.  

Surely, you have heard all your lives of Evil in High Places?  Surely, you have wondered how such Evil could be overthrown?   How, but for the Truth, issuing forth from His Mouth, who first named them the Synagogue of Satan?  How, but for the willingness of living flesh to obey Him and contest in the realm of the Spirit against the Princes of the Air? 

I am only a foot soldier of the True Lord; the equivalent of a lowly Lieutenant Colonel.

Try to imagine the glory that comes after? 

See this article and over 500 others on Anna’s website here:

www.annavonreitz.com

BLOOD OATH

The White American Founding Stock on the precipice of being relegated to minority status by design. Then What?

March 31st, 2017 by

www.arkanasfreedom.com

 

By Joe McCutchen

Never in the history of our Republic has there been so much treasure spent maliciously, i.e. Bush’s 16 year indulgences in criminal, unconstitutional wars, likewise public education and nothing positive gained. 

T.R. 3/28/17: “School District seeks diversity”, i.e. more historical crime and government expansion being launched against middleclass white Americans further reducing us to a proletariat dimension.

I have debated myself for years which federal government agency is the most criminally corrupt that those reside under the federal government umbrella. Finally, my winner:  government schools. The T.R. article above tipped the scales for me.

Yes, the American military killing machine being engaged in eternal preemptive wars (since 1950;s Korea) now with an uninvited presence in 160 nations resulting in murder, destruction, torture, rape, sniping, U.S. government overthrows, all claiming mysterious phantom enemies and oh yes, are “keeping us safe”…while failing to secure our national borders. The military killing machine does have brief interludes for retrofitting their armaments  ($54 billion x 3 years) while the short circuiting of American white children minds is perpetual. The young foolishly courageous soldiers providing the man power (cannon fodder) for global insurrection believe they are “keeping us safe”. Most not understanding the U.S. is the global enemy (Dick Cheney’s call for war) set us on the path for global Armageddon. Most of these brave young troops are products & victims of the public schools’ systems—government—PC, social behavior, absent logic, history & philosophy.

Assistant Superintendent for Human Resources, Annette Henderson (assistants, deputies, associates, acting—a fiscal crime & how many of these are dwelling in the district?) proclaims 89% of the teachers are white (from her purview that is bad), 42% of students white–bad, 33.7% Hispanic–good. Interestingly and tragically Mexicans and OTM’s outnumber black Americans by 22.4%.  In other words, foreign nationals, mostly illegals, are one-third of the student population—a constitutional, immoral crime. Why is so much treasure, attention, energies spent on foreign born nationals while black & white American students, most particularly white are neglected academically? 

Why did Assistant Superintendent Henderson not disclose or perhaps she did not know and why did not Reporter Alex Golden ask some of the following questions?

  1. How many Mexicans & OTM’s in the district are illegal & how many, along with their parents are being fed, clothed, schooled & medicated in the Fort Smith system? Ms. Henderson acquaint yourself with 8USC, sections 1324a, 1324c, 1325.  Where do you come up with a constitutional fact that allows you to advocate that illegals and legals should be afforded extended rights while dumbing down, in the main, most white students? First of all the illegals should be deported and the legals expected to acculturate into our society and abandon their failed philosophies & cultures. You obviously do not understand this.
  2. How many foreign languages are spoken in the district? How is this linguistic tsunami dealt with?
  3. How many illegals on welfare and why are taxpayers forced to pay?
  4. How many unreported crimes in the district?

Never to my knowledge has the U.S. Dept. of Education, NEA, or the AEA complained about inheriting and teaching in a foreign national environment. One example, which emanated from Former Superintendent Benny Gooden who proclaimed at the zenith of the illegal Mexican & OTM invasions, with fervor (referring to illegals)…”we will take all we can get”.   Of course his aim was more money and expansion for the criminal government education protection racket. Observe the results!

THE CRIME: Where is it stated in the Constitution and Bill of Rights and in any legislation that in the main white middleclass citizens are obligated or have the moral responsibility to house, feed, educate, medicate these hordes of millions, legal & illegal, resulting in the pretzelizing the minds of black & white middleclass children by dumbing down the curriculum and implementing wholesale political correctness compliments of the Cultural Marxist Frankfurt School and their “march through the institutions”?

The depth of the educational criminal enterprise is indeed breathtaking! All connected with government become automatons of government, surrendering their independence for what they believe is a little security.

No school Board members, no teachers, no administrators, and certainly no politicians ever question the faux curriculum being foisted on the unknowing parents & children. Why? The above 4 groups are educational traitors and are deliberately trading down academically to accommodate the hordes who have and are invading our republic, e.g. Hispanics, mideasterners, sub-Saharan Africans, Indians, & Orientals, all resulting in a mongrelized population and societal destabilization as the end result—all in nation-killing practice of DIVERSITY.  Is that Ms. Henderson’s, et al goal?

The curriculum that is now being laid against American black & white students consists of out-right lies (154 yr. old Lincoln cover-up), omissions, revisions, indoctrination, PC emergence, all cultures are equal, DNA same, everyone equal, conditioning, propagandizing—all resulting in the short-circuiting our children’s minds—all by design. 

Sadly, many if not most, are purposely devoid of factual history & the ability to think logically & independently—The antithesis of public schools. Trading down academically will soon force our once preeminent republic to implode/explode. Sooner rather than later.  The U.S. academically ranks #29 for a reason.

Look no further than the incumbents who ‘we the people’ continually reelect cycle after cycle. In the minds of politicians, incumbency confers ownership resulting in crime & irreversible corruption.

The real mass immigration tsunami into America is on the horizon. This is our last call to breakfast.

Merit is out, trading down is in, a national fairly homogeneous white founding population is out and a vagabond, illiterate, diversified factions in.

Mass  immigration, legal & illegal, has made the U.S. formerly the most envied nation in the history of mankind and now in all likelihood, the most hated nation—turned into a land mass & and an uncivilized gypsy population that cannot be properly governed, particularly when that government is thoroughly criminally corrupted.

For Kevin 2 The Fifty States Claim and You

March 30th, 2017 by

Olddogs Comments!

ONLY AN IDIOT IS TOO LAZY TO READ THIS!

http://www.paulstramer.net/2017/03/for-kevin-2-fifty-states-claim-and-you.html?showComment=1490875475131#c2798724339356748939

EXPATRIATIONBy Anna Von Reitz

I didn’t start out with all the information fully in hand.  All I had to begin with is that I learned —by dint of hard work— the IRS scam, and knew how to exercise my exemption from that.  Then I learned about the Zip Code Exemption…

Quite often I am in the peculiar position where people listen to me as long as it suits their egos, and then they go off on a different track and do their own thing—-get in trouble—and then, blame me. I hope that that is not your position.  Another phenomenon that astounds me is that people apparently believe that I just woke up one morning and knew everything on earth. 

Instead, it has been a very long and painful process with many, many rabbit holes, and I am only one of many fellow-travelers on the road.  You may not know their names, but you may be sure that thousands upon thousands of unsung heroes exist and that they have acted to save all our bacon over many decades.

I don’t know who came up with what in the present situation with the Continental Marshals, because I have obviously not been consulted and kept up to speed as I should have been. That is not, by the way, Marshal Haywood’s fault.

What I can tell you is that postage stamps are used to (1) pay certain kinds of taxes and (2) to insure things in international transit and (3) pay for postal service.  Patriots deprived of actual money have long used stamps and money orders to give value to their transactions and documents, because stamps and money orders are backed by gold and used internationally.  Once you understand that each state is a nation, and that everything crossing between state borders is either doing so in private trade or public commerce, you will see why stamps are useful for paying taxes and insuring actions as well as paying for postal service.  

I can’t tell you in what capacity stamps were or are being used without seeing the document that they were applied to, but a stamp is never wasted.  Putting a $1 stamp on a document that is then recorded insures it for $100,000.00 and guarantees that it reaches its destination or the full force of the Post Office will come down on those responsible. Read that— no more documents “disappearing” from court records and recording offices.  If you put a stamp on a document and then record it, the stamp is cancelled by the recording and the document is officially accepted.  Moreover, you have put actual cash value into that document, so that if you are establishing a contract, such as a self-executing contract, you have provided the consideration necessary to make it valid. 

As you can see, far from being “whack job” or “tin hat”— the judicious use of stamps is a wise and very useful means of making sure that your documents go where you intend them to go and also a means of literally adding value to your words and contracts.

As for being arrested— none of us are guaranteed that we won’t be wrongfully arrested.  Ignorance abounds in the police forces of this country.  Most of these men know zip about history or law.  They are just unemployed guys with families to feed.  They put on a uniform and think that that changes everything.  It doesn’t, but they believe it does, and so they swagger around and do stupid stuff out of gross ignorance.  They are often protected and kept ignorant by members of the Bar Associations who use them as “muscle” to continue carrying out illicit foreign revenue and asset capture activities on our soil.    Nobody is totally immune from ignorance.

That said, there are certainly many, many things that people can do to improve the situation. First and foremost, you begin by informing people.  Over time, as more people become educated, what was considered outlandish becomes accepted and known to be true and taken for granted.  It goes from “That can’t be so!”  to “Who doesn’t know that?” — but the process in between requires a lot of education. 

Ignorance on all sides is one of the Top Three enemies we face and there is a lot of it to be found.  Most policemen don’t know the difference between peacekeeping and law enforcement until someone takes the time to sit down and explain it to them.  They don’t know the difference between arrest and detainment.  They are rampaging around breaking the actual law on every hand and not having a clue that they are doing anything bad. 

We have to teach them, which means that we have to learn it all ourselves first.

So educating ourselves is the first necessary step.  Changing our political status is the next step.  Creating our jural assemblies and local militias is third, but ideally, changing political status is taken care of as part of the assembly process.  You can’t lawfully participate in an American county assembly without expatriating from the presumptions of United States citizenship.  Picture it this way— an American stumbles through the door and says, “I am an American! I want my birthright political status restored!  I am here to sign up!”  So the people organizing the local assembly take the poor soul in, give him the right paperwork to expatriate, record that, sign him up as a member of the county assembly, sign him up as a member or support member of the local militia, and the worst of it is over in one swoop.  

Expatriation from an presumption of “United States citizenship” is easy.  Overcoming the presumptive actions of the United States, Inc. against us, is not.  It is most instructive to read about what Gandhi went through against the Raj’s presumptions, because that same system is what we are facing here.  We can beg and plead and stomp our feet and scream, “But I am an American!  Look at my Act of Expatriation!” as long as we like, but they don’t listen, do they? 

This is because while we are doing this, we still have our hand in their cookie jar. 

We have to literally put our money where our mouth is by appointing the Secretary of the United States Treasury our Fiduciary and “surrendering” the US PERSON that we were gifted with almost at birth, and tell him to move that PERSON out of the “United States” bin and into the “United States of America” bin. 

This is as easy—-and as hard—- as obtaining an authenticated copy of the Birth Certificate of the PERSON named after you, filling out an IRS Form 56 naming Steven T. Mnuchin the Fiduciary of this PERSON, and endorsing the Birth Certificate so that he can move HIM or HER from the United States back to the United States of America. 

The specific endorsement to do this requires “accepting” the front of the BC document by writing “Accepted by Drawee” on the upper left corner of the BC and signing it with your normal Upper and Lower Case signature and dating it, then turning the BC over and writing, “Pay to the Order of the United States of America, U.S. Treasury. Without Recourse.” You sign this with a by-line, that is, instead of a naked signature, you write: by: Your Normal Name— and date it.

This really is instruction enough to Steven T. Mnuchin to get the basic job done, but you should also tell him to indemnify HIM or HER under the Private Registered Indemnity Bond AMRI00001 RA393427640US already on file. 

The indemnity bond is an insurance policy against whatever claims may be made against the US PERSON, so that we are no longer responsible for HIS/HER debts or actions.  It creates an effective estoppel, so that they can no longer deny the truth of your declared political status and can no longer use HIM/HER as a means to get to you.  They no longer have a handle on you, the living man, and they are instead responsible for managing HIM/HER for your benefit.  

Have you read our book, “You Know Something is Wrong When…..An American Affidavit of Probable Cause?”  We deliberately made it a comic book and did it in large print, so that it would be easy to read, but people still have to read it to get the basic overall information they need. 

Obviously, we got dumped in the “US citizen” category almost at birth.  It was done by our unwitting Mothers who were deliberately confused as to which “United States” was being talked about and what it means to be a “citizen”.  

So our Mothers were duped by semantic deceit and we were too young to know anything untoward was happening— the set up for a near-perfect crime of identity theft and political mischaracterization was accomplished by clueless hospital staffers and temporary census workers.  To complete the beauty of this “nobody knows” system, we were taught to enslave ourselves from an early age and to answer “yes” to the question, “Are you a United States citizen?” 

Not knowing what that meant, and never being told, millions of us assumed that we were US citizens—- admitted as much, and innocently enslaved ourselves and stubbornly clung to our chains.

The only clue that this was going on, was the obvious fact that we were being enslaved and abused and taxed to death and generally denied all the things that our constitution guarantees us. 

I was no different than any of the rest of the Americans thus defrauded and left wondering WT….?  But I knew enough to know that something was wrong and I was desperate enough to keep looking for answers.  So it was and is a long, long continuing process to learn things, to test what we think we know, and to progress on out of this situation.

It isn’t like the perpetrators just handed us any answers on a silver platter.  We had to dig and delve and then test the efficacy of our solutions in the real world—-like a scientific experiment. 

Once I got to a certain point in this process, I realized that the last version of an organization representing our lawful government was bankrupted in 1933.  Pay close attention— I didn’t say “our lawful government”— I said, “organization representing” our lawful government.  I realized, too, that that bankruptcy ended in 1999.  So the only entity having any kind of “successor claim” back to the original government and the actual Constitution was a derelict business structure released from bankruptcy, but deliberately left vacated: the United States of America, Inc.

I realized that if claim was not made on the land jurisdiction states, there would be no property to recoup.   So I set about the process of reclaiming all fifty states of the union. 

This is no easy proposition.  Thankfully, some others among us had realized the same thing back in the 1990’s and launched the Nation States Project.  They got organized and went to the Hague and raised their state flags and gave Notice that the actual states were still alive.  Thankfully, too, Russell-Jay:Gould realized the importance of the United States of America Post Master’s office and launched the effort to reclaim our international seat of government in Philadelphia, Pennsylvania. 

Some of the most critical work had already been done, but the banksters were hard on our heels and intent on using yet another fraudulent bankruptcy and claim on abandonment process to steal our entire country, lock, stock, and dairy herd.

Our entire country and all fifty actual states were due to be turned over to whatever bank creditors showed up and then sold off to pay the debts of the presumed secondary beneficiary to our ESTATES— the UNITED STATES, INC. and its STATE OF___________franchises — and all this was being done very quietly behind our backs, so that the actual heirs could never show up and claim back their property. 

We tunneled back through the dusty reams of paperwork now 150 years old and rooted out the truth.  We put out the word to Americans nationwide, asking men —-white men above the age of 21 (the requirement of the Law back then) who had forefathers who were landowners here before the Civil War to step forward, do an Act of Expatriation, and claim back their birth states.  

And they did.  Many hundreds of American men answered the call and many hours of research was donated by members of the Mormon Church to verify their lineage and claims.  Now we had heirs to the (e)states on the game board, actual living, breathing men with the provenance and political status standing to make the claim. 

So I gave the world Notice via UCC-1 Financing Statements.  And then I set up the Non-UCC Liens, attaching all the assets of the “State of____________” and “STATE OF_______________” franchises and rolling them back into the United States of America franchises doing business as the _____________State.   And from there, I rolled the entire shebang back to the “united States of America”—– the flagship organization owed The Constitution for the united States of America. 

All of this took months.  Months to prepare and months to execute and months to cure, but we got ‘er done.

And it is now standing there flat-footed on the international Public Record.  Our property has been claimed back, state by state, and all fifty of them are in the possession of the “united States of America”.  Not Barclay’s.  Not HSBC.  Not Wells Fargo.  Not Bank of American.  Not BIS.  Not IBRD.  Not World Bank.  Not the Federal Reserve.  Not the IMF.

The shoe, so to speak, is now on the other foot.  These banks have attempted to enslave us and to steal our birthright by fraud and deceit and they have been foiled. 

They made final attempts to brazen out their crimes and went to the UN and claimed that the States of America no longer exists, but we issued new Sovereign Letters Patent and made new arrangements for international representation.  HRM attempted to claim that she was the Head of State for the “United States”—- meaning us —- but we very neatly disproved that claim by producing the Great Seal of the United States, which is held internationally by the Belle Chers (Belchers) who are sovereigns above the Queen and Kings of England dating from the Norman Conquest. 

Though the snake has twisted and turned and writhed, we have it firmly by the head and it can wiggle all it likes without getting anywhere. 

That, and working out a solution to the worldwide phony “debt” crisis, is what we have been working on the last two years. 

We also indemnified everything and everyone and issued sovereign bonds.  Sovereign bonds are different than normal bonds.  They are in fact what underlies all the admiralty and maritime bonds.  We, the sovereign people, are the actual underwriters of all commerce taking place in the world.  That’s also something the banks tried to hide from us, but no, we nabbed them there, too. 

We not only indemnified the whole shooting match and subrogated it, we tendered the Payment Bond for all this to the Vatican Chancery Court, which is the bank for the Holy See, which owns and operates all these governmental services corporations like AUSTRALIA and CANADA and the US and GERMANY. 

They have tried to exclude women and black people and natives of all the indigenous tribes.  We made that impossible.

They have committed gross fraud and Dishonest Service against the people of the world by holding our assets “on deposit” in “off-ledger accounts” and pretended that we are paupers, when in fact, we are the richest people in the world.

And so the cows have come home and the chickens to roost and there is nothing that the perpetrators can say or do, except, “I’m sorry.” 

This may give you a clue that while you have all nestled safe in your beds, asleep and dead to the world, other Americans have been keeping watch and keeping the monsters at bay.  Very shortly now, there will no longer be any need for people to argue with their public servants about their own political status.  It will be simple.  If you aren’t on a government payroll—and I do mean payroll, not just receiving pension payments and the like—-you will be properly identified.  If you work for an actual state government, you will be identified as an American State Citizen.  If you don’t work for a state government, you will be identified as an American state national. 

No presumption of United States Citizenship or otherwise being a “citizen of the United States” shall pertain to you at all.  The accounts due to the United States of America, Inc. and ultimately to the united States of America, are already claimed, indemnified, due and paid for.  Now it is just a matter of working out the details and diffusing the phony “debt bomb” the criminals tried to create as cover for their embezzlement.

We have developed a means to do away with all debt worldwide—an answer that harms nobody and helps everyone concerned.  Even the banks.  Even the governmental services corporations. So, full steam ahead, all hands on deck.

And as for you, Kevin, I trust that your part is now clear.  You can choose to serve as a Continental Marshal or you can choose to serve in your county/state Militia or you can run for the lawful office of Sheriff on the Land for your county or you can just do your due diligence and make your claim and be a Free Man.  You have all these options, free to choose—but it all begins to have teeth when you “surrender” the US PERSON and put an ad in the paper and announce a public meeting of the Land Jurisdiction County Assembly.

See this article and over 500 others on Anna’s website here:

www.annavonreitz.com

EXPATRIATION

Our mission is to restore the lawful government that is owed to us.

March 25th, 2017 by

http://www.paulstramer.net/2017/03/our-mission-is-to-restore-lawful.html

Lawful Government

By Anna Von Reitz

Our lawful government, sometimes called the “de jure” government, is called the United States of America.  The United States of America has been undermined from within by a commercial corporation calling itself the United States, which is under contract to our states to provide “essential government services”.  (See the Definitive Treaty of Peace, Paris, 1783 and Article IV.)

The United States is controlled by the Pope and the British Monarch and operated by a Board of Trustees calling itself the United States Congress.

The United States went rogue during and after the so-called American Civil War and just neglected to tell anyone.

Ever since, the United States has been in one kind of “war” after another— the war on poverty and the war on drugs and the war on terrorism— as well as endless nasty political and police actions for profit.

Yet the Civil War wasn’t really a war at all.  It was an illegal commercial mercenary action carried out on our shores.  It was never declared by the Congress.  It was never ended by a peace treaty.

President Andrew Johnson declared peace in public three times, and created a contract for peace, but that’s not the same thing as a peace treaty.

Obviously, the Popes and the British Monarchs and the people we so trustingly sent to Congress to represent us have failed to do the job. They have acted in Breach of Trust and commercial contract for 150 years right under our noses.

They have used us as “muscle” to carry on endless wars for profit and illegal police actions throughout the world.  They’ve neglected our country’s needs and stolen it blind while at the same time killing millions of innocent people and they have blamed us for it all.

Now they are targeting the people of China to take our place as the Bully Boys of the world.  They have sent their bankers and lawyers and tons of our gold to China, intending to set up shop again and pull the same old crap over there.

We’ve been stupid, folks, for a very long time.

None of us remember a legitimate and fully functioning American government. All we know is the slow parasitic rot imposed on us by the British Monarchs and the Pope and the politicians in control of the United States.

It’s no wonder that millions of Americans detest what they think of as their government, but what everyone worldwide needs to understand is that that thing in Washington, DC, isn’t our government.

The United States, Inc., is a foreign corporation in the business of providing governmental services—hence the reason it is called a “de facto” government.

It is really just an adjunct to our lawful government, like a catering service or housekeeping service, that our ancestors subscribed to.

Given all this, it is apparent that America has been tragically deceived and defrauded and off track for a very long time.

People around the world have grown to hate Americans and we have been blamed for the actions of the United States, which is nothing but a gigantic multi-national commercial corporation gone wild.

It should surprise no one that the United States has used crooked bookkeeping to embezzle trillions of dollars out of our economy, and then, on top of it, has claimed that we didn’t pay them and that they are trillions of dollars in debt, and are seeking bankruptcy protection because of it.

This is the complete and utter mess that Donald J. Trump has inherited, and it is all directly attributable to the Popes, the British Monarchs, the treasonous members of Congress and the puppet Presidents who have run this country into the ground and worked to enslave the American people for the last 150 years.

The “frog” is now well and truly boiled, but still alive.  And the “frog” is angry. That’s understood.  It is painful and scary to wake up and realize that the men and institutions you placed your faith in all your life have grossly betrayed you.

Bear in mind that the men and institutions guilty of these horrific crimes against us and against the entire rest of the world, have no friends left.

They are trapped with the Americans on one side and the rest of the world on the other.  The British people have been just as shamelessly abused as we have, quite possibly more.

From both within and without, then, these hateful monsters have carried out their war against Mankind and have used the churches and what appeared to be lawful governments as storefronts for their parasitic activities.

At the end of the day, who is responsible?

As a short list– the Popes, the British Monarchs, the Lord Mayors of London, the Lords of the Admiralty, the British Parliament, the US Congress, the government corporations of the European nations, Japan, Canada, Australia—-are all in the frying pan.

The entire Earth is overdue for a political housecleaning, and Donald J. Trump has landed himself in one helluva position to be in.

We, Americans, like the rest of the world have every reason to despise the renegade United States.  We have every reason to rise up and murder the members of Congress and desecrate Washington, DC, yes, every reason to raze it to the ground and piss on the graves of those who would defend it.

We have cause to do that, but we would be supremely stupid to do that.

Instead, we need to keep calm and get even.

The entire world now knows what has gone on here.  They know who the guilty parties are.  They are looking to us for leadership to find the way forward and they won’t be disappointed.

We’ve looked back to our roots to find ourselves again.  All across the country county and state jural assemblies are gathering.  Day by day, Americans are waking up and returning the false gift of “US PERSONS” that have been foisted off on us.

Those who have defrauded and abused us are being recognized as international criminals.  Their foreign duplicitous Satanic religion is being recognized for what it is— a reprise of Ancient Babylon brought forward like a cancer concealed in the Roman Catholic Church.

Even the members of the US Congress are beginning to wake up.  Trey Gowdy and Rand Paul aren’t the only ones speaking our language anymore.

Quietly, with great resolve, America — the real America—-is on the move.

Our goal isn’t to destroy the United States, but to take back our rightful control of it and get to the bottom of the criminality infesting it.  As we go, we are learning our own history and filling the vacated offices that our lawful government is owed.

We are going to completely restore our lawful Common Law court system, which is owed to the people of this country.  We are going to sort out the crooked government bookkeeping and dispose of the “National Debt”.  We are going to bust the foreign media cartels.  We are going to secure our borders, mind our business, and let the chips fall as they may.

In the midst of this humongous endeavor, it is imperative for everyone to stay grounded and think things through.  None of this is rocket science, but it took 150 years for this situation to develop. We can expect the clean up to last more than a decade.  Meantime, the sky is not falling.  We are not broke.  We have the power to change things peacefully using Due Process and our own Public Law.

What could go wrong?

We could trust the wrong people again.

That is the chief danger we face. There are among us paid provocateurs and an equally common breed of opportunists eager to seize power for power’s sake.

These Bad Actors always show their colors eventually, so pay close attention to both words and deeds.

We now have among us men who are preaching a False Gospel.  They are saying, “Hey, we are the people!  We can do anything we want!”

The same thing can be said of any gang of outlaws— until the rest of us catch up with them.

Men who have been oppressed by a commercial corporation masquerading as their own government have a right to be angry, but our power and our just cause lies in restoring our rightful and lawful government, complete with its system of checks and balances intact, so that nobody and nothing can oppress any of us again.  Otherwise, we merely jump from one oppression to another.

Our very greatest danger is that some demagogue like Hitler will arise from our disillusionment and discontent and like the Pied Piper, lead the world down the road to senseless war again.

We’ve heard that tune and followed it too many times before.

The greatness of America does not lie in our force of arms, but in our generosity of heart.  Our future does not lie in the mind of any one man, but in the hopes and dreams of us all.

I have done my level best to clue you in and teach you right from wrong. I have been a faithful guide and defender of the innocent, a proponent of peaceful and orderly and lawful change.

God willing, I will be here a while longer to help guide the work, but in the meantime it is imperative for every American to study their own history, learn the structure of their own government, and stop being gullible.

Turn your Shinola Sensors on “High”.

And like the song says, “Don’t get fooled again!”

See this article and over 500 others on Anna’s website here:

www.annavonreitz.com

Lawful Government

BE CAREFUL WHAT YOU WISH or VOTE FOR

March 18th, 2017 by

http://www.rebelmadman.com/?p=635

DEMOCRACYBy Michael Gaddy

“And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that” ~ Lord Acton

I am absolutely sure there are millions within this country who believe to achieve constitutional government all that would be required to gain that wonderful pinnacle would be to have a super majority of Republicans in control of the lawmaking body. Unfortunately, the people of Arkansas are beginning to realize the deadly fallacy of that belief.

In November of 2016, the people of Arkansas elected a super majority of self-proclaimed “conservatives,” whatever that word means now in the political lexicon of this era.

Not since the days of Reconstruction have the people of Arkansas witnessed first hand such a full frontal assault on their constitutional rights and Liberty itself. Just name any one of the amendments in the Bill of Rights with the possible exception of the 3rd Amendment and you may rest assured the present legislature in the state of Arkansas has proposed or passed legislation designed to obliterate the rights of the people listed in said amendment.

Selected for special attacks by the army of “conservatives” has been the Second, Fifth, Seventh, Ninth and Tenth amendments. The legislature has, in its attacks on the 2A, demanded that the citizens of Arkansas pay for the right to have the means to defend themselves on the college campuses of the state. In addition, they placed an age restriction which fails to protect any student under the age of 25. You may be old enough to join the military and fight in your country’s wars, risking life and limb along the way, but, according to the “conservatives” of Arkansas, you must have attained the age of 25 before you have the right and means to protect yourself on a college campus in the “Natural State.”

Members of the Arkansas State Police, while testifying against what has been referred to as “Constitutional Carry,” which has been adopted by several other states, stated that allowing the people of Arkansas to be able to openly exercise their 2A rights, which are very plainly stated in Article 2 Section 5 of the state’s Declaration of Rights would deprive said state police of a revenue stream which would require them [state police] having to make their vehicles last longer and that some of the useless bureaucrats (my words) in the state police might actually lose their jobs.

Very early in the legislative term in Little Rock, the right to Trial by Jury—the very cornerstone of Liberty—came under attack. Just as in the Reconstruction era the Republican-dominated legislature sought to combine all three branches of government and place them under the command of one branch and eliminate the people’s ability to address malfeasance and protect the lives of the innocent. The special interest backed proposal would have limited the damages any number of these special interests, such as nursing homes or medical facilities might face, if, through negligence or malpractice, a person under their care was irreparably harmed or died. The legislature did not hide the fact they launched their attack on the Seventh amendment to protect business interests in the state, openly stating large settlements granted by juries to victims of negligence and malpractice was allegedly keeping businesses from coming to Arkansas. What desirable business comes to a state to avoid responsibility? Again, in the hands of the “conservative” super-majority, special interests come before the interest of the individual citizen.

Nowhere to be found in the oaths of office taken by the members of the legislature before they began their session was any oath to uphold and defend the interests of big business over the rights of the individual. Perhaps, along with the oath, the legislators should have been reminded of the dictum found in the Declaration of Independence that the primary duty of government is to protect the rights of the individual, not those of big business and special interests.

The “conservative” legislature also launched attacks on the very idea of transparency in government. Multiple bills were introduced which would allow the members of government and special interests to operate in secret and outside the purview of the people.

On Tuesday at the state capital, in a private one-on-one conversation with a Republican state senator who shall remain nameless, I asked this person of integrity, awash in the sea of attacks on the rights of the citizens, how he felt about his party’s super-majority and if he thought that helped or hindered the interests of the people of Arkansas. This senator candidly stated he found the super-majority to be a hindrance. He said when he took a stance on an issue based on integrity and principles, he was accosted both by fellow lawmakers and some constituents wanting to know why he was opposing the goals of the party and the so-called “conservative” governor. Here can be found concrete evidence that support of political party trumps (no pun intended) principles and the rights of the people.

As previously stated, there has not been seen since the days of the Reconstruction government in the State of Arkansas such a blatant attack on individual rights by those who allegedly represent the people. And the current elected governor is operating with the same frame of mind as the military commander of the state, Powell Clayton did during Reconstruction. With all of the religious zeal of a born-again Scalawag, the current Arkansas governor has, in an alleged effort to “unify the state,” decided to replace the birthday of the greatest Southern Icon, Robert E. Lee, a man with impeccable moral and Christian character, with instead the birthday celebration of a womanizing, serial plagiarist with heavy socialist leanings and connections.

All in all, the majority of legislative actions by the Republican super-majority in Arkansas has devolved into a socialist holiday with all thoughts of the oath to uphold and defend the American Bill of Rights and the Arkansas Declaration of Rights a very faint memory.

The great Southern minister of the 19th Century, Robert L. Dabney, provided us with ample warning of where such “conservatives” would lead us. Dabney was for a time Chief of Staff for Thomas J. (Stonewall) Jackson. Here is his prediction about conservatives come now to full bloom in the State of Arkansas.

“American conservatism is merely the shadow that follows Radicalism as it moves forward towards perdition. It remains behind it, but never retards it, and always advances near its leader. The pretended salt hath utterly lost its savor: wherewith shall it be salted? Its impotency is not hard, indeed, to explain. It is worthless because it is the conservatism of expediency only, and not of sturdy principle. It intends to risk nothing for the sake of truth, and has no idea of being guilty of the folly of martyrdom. It always—when about to enter a protest—very blandly informs the wild beast whose path it essays to stop, that its ‘bark is worse than its bite,’ and that it only means to save its manners by enacting its decent role of resistance.” (Emphasis added)

Be careful what you wish for—and more importantly—what you vote for. “All that glitters is not gold.”

IN RIGHTFUL REBEL LIBERTY

Mike

Olddogs Comments!

I admit I am confused and do not understand how intelligent people can still vote with all the proof we have that it is a rigged system. Ladies and gentlemen, you must be stricken with cognitive dissonance and unable to believe anything you do not want to believe. There is no such thing as freedom in America, or honest politicians!

DEMOCRACY

The Banking Secret, Which Makes the Fatcats Richer, While Destroying the Real Economy

March 16th, 2017 by

That Neither Economists nor Laypeople Know…

Washington’s Blog

Private Banks – Not the Government or Central Banks – Create 97 Percent of All Money

Who creates money?

Most people assume that money is created by governments … or perhaps central banks.

In reality – as noted by the Bank of England, Britain’s central bank – 97% of all money in circulation is created by private banks.

Bank Loans = Creating Money Out of Thin Air

But how do private banks create money?

We’ve all been taught that banks first take in deposits, and then they loan out those deposits to folks who want to borrow.

But this is a myth …

The Bank of England the German central bank have explained that loans are extended before deposits exist … and that the loans create deposits:

https://www.youtube.com/watch?v=CvRAqR2pAgw

The above is from an official video released by the Bank of England.

The Bank of England explains:

Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money.

The reality of how money is created today differs from the description found in some economics textbooks:

  • Rather than banks receivingdeposits when households save and then lending them out, bank lending creates

***

One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them. In this view deposits are typically ‘created’ by the saving decisions of households, and banks then ‘lend out’ those existing deposits to borrowers, for example to companies looking to finance investment or individuals wanting to purchase houses.

***

In reality in the modern economy, commercial banks are the creators of deposit money …. Rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.

***

Commercial banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created. For this reason, some economists have referred to bank deposits as ‘fountain pen money’, created at the stroke of bankers’ pens when they approve loans.

***

This description of money creation contrasts with the notion that banks can only lend out pre-existing money, outlined in the previous section. Bank deposits are simply a record of how much the bank itself owes its customers. So they are a liability of the bank, not an asset that could be lent out.

Similarly, the Federal Reserve Bank of Chicago published a booklet called “Modern Money Mechanics” in the 1960s stating:

[Banks] do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers’ transaction accounts.

Monetary expert and economics professor Randall Wray explained to Washington’s Blog that:

Bank deposits are bank IOUs.

Economics professor Richard Werner – who obtained his PhD in economics from Oxford, was the first Shimomura Fellow at the Research Institute for Capital Formation at the Development Bank of Japan, Visiting Researcher at the Institute for Monetary and Economic Studies at the Bank of Japan, Visiting Scholar at the Institute for Monetary and Fiscal Studies at the Ministry of Finance, and chief economist of Jardine Fleming – was granted access to study a bank’s books, and confirmed that private banks create money when they simply create fictitious deposits into a borrower’s account.

Werner explains:

What banks do is to simply reclassify their accounts payable items arising from the act of lending as ‘customer deposits’, and the general public, when receiving payment in the form of a transfer of bank deposits, believes that a form of money had been paid into the bank.

***

No balance is drawn down to make a payment to the borrower.

***

The bank does not actually make any money available to the borrower: No transfer of funds from anywhere to the customer or indeed the customer’s account takes place. There is no equal reduction in the balance of another account to defray the borrower. Instead, the bank simply re-classified its liabilities, changing the ‘accounts payable’ obligation arising from the bank loan contract to another liability category called ‘customer deposits’.

While the borrower is given the impression that the bank had transferred money from its capital, reserves or other accounts to the borrower’s account (as indeed major theories of banking, the financial intermediation and fractional reserve theories, erroneously claim), in reality this is not the case. Neither the bank nor the customer deposited any money, nor were any funds from anywhere outside the bank utilised to make the deposit in the borrower’s account. Indeed, there was no depositing of any funds.

***

The bank’s liability is simply re-named a ‘bank deposit’.

***

Banks create money when they grant a loan: they invent a fictitious customer deposit, which the central bank and all users of our monetary system, consider to be ‘money’, indistinguishable from ‘real’ deposits not newly invented by the banks. Thus banks do not just grant credit, they create credit, and simultaneously they create money.

***

Instead of discharging their liability to pay out loans, the banks merely reclassify their liabilities originating from loan contracts from what should be an ‘accounts payable’ item to ‘customer deposit’ ….

How Can Banks DO This?

Professor Werner explains the reason that banks – but no one else – can create money out of thin air is that they are the only institution exempted from normal accounting rules.

Specifically, every other company would be busted for fraudulent accounting if they conjured new money out of thin air by reclassifying a liability (i.e. an accounts payable) as an asset (i.e. a deposit).

But the banks have pushed through exemptions so that they don’t have to follow normal accounting rules:

What enables banks to create credit and hence money is their exemption from the Client Money Rules. Thanks to this exemption they are allowed to keep customer deposits on their own balance sheet. This means that depositors who deposit their money with a bank are no longer the legal owners of this money. Instead, they are just one of the general creditors of the bank whom it owes money to. It also means that the bank is able to access the records of the customer deposits held with it and invent a new ‘customer deposit’ that had not actually been paid in, but instead is a re-classified accounts payable liability of the bank arising from a loan contract.

***

What makes banks unique and explains the combination of lending and deposit-taking under one roof is the more fundamental fact that they do not have to segregate client accounts, and thus are able to engage in an exercise of ‘re-labelling’ and mixing different liabilities, specifically by re-assigning their accounts payable liabilities incurred when entering into loan agreements, to another category of liability called ‘customer deposits’.

What distinguishes banks from non-banks is their ability to create credit and money through lending, which is accomplished by booking what actually are accounts payable liabilities as imaginary customer deposits, and this is in turn made possible by a particular regulation that renders banks unique: their exemption from the Client Money Rules. [Werner gives a concrete example on British law for banking and non-banking institutions.]

Sound fraudulent? Professor Werner thinks so, also:

https://www.youtube.com/watch?v=MechH0ebs_c

But he also makes some more important points …

What Does It All Mean?  The Implications of Money Creation By Private Banks

Mainstream economists believe that private debt doesn’t even “exist as a force that acts on the economy.  For example, Ben Bernanke and Paul Krugman assume that huge levels of household debt don’t hurt the economy because more debt among households just means that savers have loaned them money … i.e. that it is a net wash to the economy.  To make this assumption, they rely on the myth debunked above … that banks can only loan as much money out as they have in deposits.  In reality, 143 years of history shows that excessive private debt – in and of itself  – can cause depressions.

Moreover, Professor Werner points out that attempts to shore up the banking system with capital requirements (such as the Basel accords) are doomed to failure, since they don’t recognize that banks create money at will:

Basel rules were doomed to failure, since they consider banks as financial intermediaries, when in actual fact they are the creators of the money supply. Since banks invent money as fictitious deposits, it can be readily shown that capital adequacy based bank regulation does not have to restrict bank activity: banks can create money and hence can arrange for money to be made available to purchase newly issued shares that increase their bank capital. In other words, banks could simply invent the money that is then used to increase their capital. This is what Barclays Bank did in 2008, in order to avoid the use of tax money to shore up the bank’s capital: Barclays ‘raised’ £5.8 bn in new equity from Gulf sovereign wealth investors — by, it has transpired, lending them the money! As is explained in Werner (2014a), Barclays implemented a standard loan operation, thus inventing the £5.8 bn deposit ‘lent’ to the investor. This deposit was then used to ‘purchase’ the newly issued Barclays shares. Thus in this case the bank liability originating from the bank loan to the Gulf investor transmuted from (1) an accounts payable liability to (2) a customer deposit liability, to finally end up as (3) equity — another category on the liability side of the bank’s balance sheet. Effectively, Barclays invented its own capital. This certainly was cheaper for the UK tax payer than using tax money. As publicly listed companies in general are not allowed to lend money to firms for the purpose of buying their stocks, it was not in conformity with the Companies Act 2006 (Section 678, Prohibition of assistance for acquisition of shares in public company). But regulators were willing to overlook this. As Werner (2014b) argues, using central bank or bank credit creation is in principle the most cost-effective way to clean up the banking system and ensure that bank credit growth recovers quickly. The Barclays case is however evidence that stricter capital requirements do not necessary prevent banks from expanding credit and money creation, since their creation of deposits generates more purchasing power with which increased bank capital can also be funded.

Moreover, Werner points out that banks create the boom-bust cycle by lending too much for speculative, non-productive purposes:

https://www.youtube.com/watch?v=MechH0ebs_c

By failing to take into account the fact that banks create money, economists and governments are sowing the seeds for future crashes.

But the economics field is very resistant to change …

Economics professor Steve Keen notes in Forbes:

In any genuine science, empirical data like this would have forced the orthodoxy to rethink its position. But in economics, the profession has sailed on, blithely unaware of how their model of “banks as intermediaries between savers and investors” is seriously wrong, and now blinds them to the remedy for the crisis as it previously blinded them to the possibility of a crisis occurring.

A wit once defined an economist as someone who, when shown that something works in practice, replies “Ah! But does it work in theory?”

And a 2016 IMF paper notes:

Around [the 1960s] banks began to completely disappear from most macroeconomic models of how the economy works.­

This helps explain why, when faced with the Great Recession in 2008, macroeconomics was initially unprepared to contribute much to the analysis of the interaction of banks with the macro economy. Today there is a sizable body of research on this topic, but the literature still has many difficulties.­

***

Virtually all recent mainstream neoclassical economic research is based on the highly misleading “intermediation of loanable funds” description of banking …

***

In modern neoclassical intermediation of loanable funds theories, banks are seen as intermediating real savings. Lending, in this narrative, starts with banks collecting deposits of previously saved real resources (perishable consumer goods, consumer durables, machines and equipment, etc.) from savers and ends with the lending of those same real resources to borrowers. But such institutions simply do not exist in the real world. There are no loanable funds of real resources that bankers can collect and then lend out. Banks do of course collect checks or similar financial instruments, but because such instruments—to have any value—must be drawn on funds from elsewhere in the financial system, they cannot be deposits of new funds from outside the financial system. New funds are produced only with new bank loans (or when banks purchase additional financial or real assets), through book entries made by keystrokes on the banker’s keyboard at the time of disbursement. This means that the funds do not exist before the loan and that they are in the form of electronic entries—or, historically, paper ledger entries—rather than real resources.­

***

This “financing through money creation” function of banks has been repeatedly described in publications of the world’s leading central banks—see McLeay, Radia, and Thomas (2014a, 2014b) for excellent summaries. What has been much more challenging, however, is the incorporation of these insights into macroeconomic models [how true].

What’s the Solution?

We’ve seen the problems created by failing to take into account the fact that private banks create money.

But there are solutions …

Initially, Professor Werner notes that preventing banks from creating new money to loan for speculation and mere personal consumption would prevent booms and busts:

https://www.youtube.com/watch?v=MechH0ebs_c

Werner says that the “Asian Miracle” happened for exactly this reason:

https://www.youtube.com/watch?v=MechH0ebs_c

Additionally, allowing small community banks to grow would cause the real economy to flourish … since small banks loan to small businesses (which create most of the jobs), while big banks only loan to giant companies and speculators:

https://www.youtube.com/watch?v=MechH0ebs_c

Indeed, big banks are virtually out of the business of traditional lending … and small banks are the only ones funding Main Street.

Werner says this is the secret of Germany’s economic success:

Postscript: Due to their unique money-printing powers, banks now literally own the world … including the entire political system.

There’s a war raging in connection with banking.  Remember that the giant banks tried to kill off community banking through the Trans Pacific Partnership. And as Professor Werner points out, the European Central Bank is currently in a war to destroy community banks:

https://www.youtube.com/watch?v=MechH0ebs_c

One of key battles for prosperity and democracy today is decentralization of the banking system.

Olddogs Comments!

I have said this a hundred times: The whole world is under the thumb of these monsters, and nothing but misery is ahead unless some militaries take these bastards out. Ours is obviously under their control!

Your Political Status and Your Oaths — Bella Haywood’s Case

March 14th, 2017 by

http://www.paulstramer.net/2017/03/your-political-status-and-your-oaths.html

Political StatusBy Anna Von Reitz

About Your Political Status:

 

  1. Your political status is your own decision.  Nobody including the courts can dictate anything about it.  In fact, I have it on very good and agreeable authority of the United States Supreme Court that judges in their system can’t even speak to the issue of your political status.  It’s your call and nobody else’s.

 

  1. Being that your political status is your own business and nobody else’s and that it is your choice, then you are held responsible for your choice. 

 

  1. Millions of Americans have been arbitrarily identified as “United States Citizens” and/or “citizens of the United States” and assigned “births” as “commercial vessels” in the British Crown’s Merchant Marine Service.  This results in the establishment of an ACCOUNT dba your FIRST MIDDLE LAST name and more recently your FIRST M.I. LAST name and the presumption that you, the living man or woman, are the Account Holder responsible for administering these ACCOUNTS as good and faithful Warrant Officers of Her Majesty.

 

  1. These PERSONS are debtors and criminals by definition.  See the 14th Amendment of the Federal Constitution published as The Constitution of the United States of America, 1868. 

 

  1. If it is not your intention to embrace this political status, you need to inform the Secretary of the Treasury, make him your Fiduciary, sign over the PERSON’s BIRTH CERTIFICATE to the credit of the United States of America, U.S. Treasury, without recourse, by endorsing the back of the BC.  You also  issue an indemnity bond which is basically your agreement to operate under 100% commercial liability.

 

  1. You need to take these actions as proof that you are loyal to the United States of America and also to settle the affairs of your separate estate–but this is a private matter between you, the Secretary of the Treasury, and God.

 

  1. The employees of the Queen and the British Crown have no right to presume anything about your political status and may not even speak to you, if you deny them the consent to do so. Simply observing this fact may be sufficient to warn them off—but it is obviously better to not be bluffing and to have the paperwork proving your political status on file and your indemnity bond ready to present.

 

  1. This is especially true for those asserting their natural born political status and occupying offices in the lawful government of the United States of America. Those claiming to be State Justices and Continental Marshals need to have their paperwork in order.  They also need to have proof of their lawful oath.

 

  1. The office of the State Justices is a land jurisdiction office and it operates only in the state being served.  A State Justice for Alaska has no such authority in California. 

 

  1. Each state has established the proper Oath for its justices and judges in its Public Session Laws.  If you are a State Justice for Nevada, you have to take the Nevada Oath as required by the Nevada Session Laws.  

 

  1. If you are occupying a land jurisdiction office, the oath of office is administered with your hand on the Bible, in token that you are agreeing to operate under the Law of Moses, which is known as “The Law of the Land”, and obey the Ten Commandments.

 

  1. For this same reason, all land jurisdiction Justices (that is, Justices of the Peace) carry a Bible with them into the courtroom.  This is also the reason that Court Clerks require people to “All rise!” when the justice walks in— not out of respect for him or her, but out of respect for the Bible.

 

  1. To be properly seated as a State Justice, you have to have renounced all forms of United States citizenship, have surrendered the US PERSONS associated with your given name, have established your bond with the Treasury, and taken the proper Oath required by your state of the United States of America.

 

  1. Now, strictly speaking, it isn’t your employee’s business, but they have a reasonable excuse for wanting to be sure that you are not a United States Citizen trying to occupy an office of the United States of America and if they catch a United States Citizen pretending to occupy an office in the United States of America they have every right to throw the book at them and they will. 

 

  1. Continental Marshals are employees of the United States of America, not the United States.  They work for the states and the people, but they work in the international jurisdiction under the un-delegated powers retained by the states and people.  This causes a lot of confusion.

 

  1. The United States of America delegated nineteen (19) specific powers to the United States to administer in its behalf.  All other powers in international jurisdiction are retained.  The job of the Continental Marshals is to exercise and enforce these retained powers in behalf of the states and people. 

 

  1. As a practical matter, this means that Continental Marshals are engaged in international law enforcement and operate within the Postal Districts of the United States of America.  They are federal-level law enforcement officers, but they operate apart from the United States Marshals for obvious reasons.

 

  1. Just in case it is not obvious to some— United States Marshals work for the United States and exercise and enforce the delegated powers.  Continental Marshals work for the states and the people to exercise and enforce the un-delegated powers.

 

  1. The jurisdiction of the Continental Marshals is therefore “whatever is NOT directly delegated” under the constitutional agreement to the United States and the United States Marshals. 

 

  1. As employees of the United States of America, Continental Marshals need to be functioning as State Citizens, howbeit, in international jurisdiction.  As American State Citizens in international jurisdiction, they are protected under the actual Constitution, the national trust, and the Treaties of Westminster pertaining to Americans at sea.  

 

  1. Continental Marshals take their Oaths under the authority of the United States of America Post Master and work as part of the United States of America Postal District Courts. 

 

  1. Continental Marshals are acting under the authority of the United States of America and are not under the authority of any one state and they are certainly not under the direction of any State Justices. 

 

  1. Any other “interpretation” of these offices is incorrect and not borne out by the public records associated with them and won’t be honored by the US Government, sometimes called the De Facto Government, nor by the United States of America, sometimes called the De Jure Government.   

 

  1. As regards Chief Marshal Haywood’s current dilemma: Thanks to Blue Blood Elitists known as Southern Democrats, all the freed plantation slaves were seized upon as public property following the illegal mercenary action known as the American Civil War. 

 

  1. All people of color were surreptitiously claimed as property belonging the United States and a second class brand of “US citizenship” was presumed against them — “citizen of the United States” as found in the Federal Constitution’s 14th Amendment.  Most Americans have since suffered the same false presumptions and commercial claims.

 

  1. The Southern Democrats representing the United States of America allowed and promoted this evil in our midst by denying the natural born state national status of black Americans and for many years they had no rights or protections at all, existing as stateless “federal citizens”. 

 

  1. It took a hundred years — 1868 to 1968 — for American Negroes and other people of color to secure “Equal Civil Rights”.  Equal to what?  The natural and unalienable rights of the people of the United States of America.

 

  1. Chief Marshal Haywood of the Continental Marshals Service is a woman of color and she has been arrested by federal franchise employees of the “State of Georgia” under the presumption that she is not owed any natural born state national status and cannot therefore serve as an American State Citizen. 

 

  1. However, in November, 2015, new Sovereign Letters Patent were issued for the United States of America and a new Declaration of Joint Sovereignty, too,

too, which allows all people of color including American Indians and African Americans to reclaim their natural born political status.

 

  1. This was done because The Emancipation Proclamation — which is a public commercial contract of the United States — was not honored by the United States of America as a result of fraud by Southern Democrats, resulting in unlawful conversion, press-ganging and enslavement of living people under the pretense of voluntary indentured servitude.  The new Sovereign Letters Patent  and the Declaration of Joint Sovereignty settles the issues resulting from failure to honor The Emancipation Proclamation.

 

  1. As a result, Chief Marshal Tresa Haywood, is indeed an American state national of the Georgia State and is eligible to serve as a State Citizen and as a Continental Marshal.  Those unlucky State of Georgia employees who have assumed otherwise and who think they can bring charges of impersonating a public officer are in for a number of big surprises.

 

  1. The first big surprise is that a woman of color can serve as head of the Continental Marshals Service.

 

  1. The second big surprise is that she is operating under a universal indemnity bond.

 

  1. The third big surprise is that the President of the United States, Abraham Lincoln, issued The Emancipation Proclamation; there is absolutely no question that every United States Citizen and every employee of every federated State of Georgia franchise, every municipal STATE OF GEORGIA agency, and every federated County in Georgia is legally and commercially bound by it. 

 

  1. The fourth big surprise is that they have been making profoundly wrong assumptions and presumptions that will cost them in precisely the same way that they have brought charges against others, committed false arrest, and accused Ms. Haywood of IM-PERSONATING a public officer. 

 

  1. All the IM-PERSONATING has been done by the State of Georgia, the STATE OF GEORGIA and the federated, incorporated Counties of Georgia— all federal corporate franchises that have violated their own commercial contracts and committed personage against the American states and people.

 

 37.Those members of the Bar Associations responsible for this are about to get a great big boot up their butts. And its long overdue.

 

See this article and over 400 others on Anna’s website here:

www.annavonreitz.com

Political Status

What We Know About YOU”

March 8th, 2017 by

http://www.paulstramer.net/2017/03/what-we-know-about-you.html

The IRSBy Anna Von Reitz

Here is what we know so far— the “UNITED STATES” subrogated our NAMES under an insurance policy.  This was required because they are still operating under the Reconstruction Acts and trying to pretend that we are “unknown” babies “found” on a “battlefield” by the UNITED STATES DEPARTMENT OF DEFENSE which is obligated then to issue an insurance indemnity receipt under the provisions of the Lieber Code.  The Birth Certificate is an insurance indemnity receipt and it identifies YOU as being a ward of the UNITED STATES DEPARTMENT OF DEFENSE, in their custody. 

But what is “YOU”— ?  

It’s an ACCOUNT, as in bank ACCOUNT set up in your name….. first of all.  And from that meager beginning they have spun off an array of “associated” names and accounts—- until in 1976 they had redefined “YOU” as an “International Organization”.  That same year, they passed the International Organizations Act granting “YOU” immunity. 

Okay, so your NAME is an ACCOUNT belonging to an International Organization which is immune from prosecution…..and all this is news to you, right? 

Well, howsoever that may be, this explains two things that have long been a matter of curiosity and debate.

When you look up the federal government “Masterfile” associated with your NAME you find that “YOU” are always without exception involved in some kind of nefarious occupation having to do with Alcohol, Tobacco, or Firearms.   When I tunneled through the red tape and the “Special Code Book” that deciphers all the numerical codes found in “YOUR” Masterfile, it turned out that “I” was running a rum distillery on the island of Barbados……and my husband was an arms dealer in South America!     

This was big— and at the time—-baffling news to us.

Obviously, neither one of us had ever done any such thing, but that is what the Masterfile attached to our NAMES said.

Please note that Alcohol, Tobacco, and Firearms are all federally controlled substances—-they can tax these for revenue and control transportation of these products and license people engaged in these industries. 

So now you can understand why the Masterfiles associated with our NAMES were involved in producing alcohol and selling firearms —- to bring our NAMES under US Government control and subject “US” to their codes, regulations, controls. 

So if our NAMES are international organizations that are supposed to have immunity from prosecution— how is it that these NAMES are being prosecuted as DEFENDANTS in all these courts?

Remember that these things that appear to be NAMES aren’t.  They are ACCOUNT designators.  Just like you can arbitrarily create an account designator using numbers — for example, bank routing numbers — you can use letters, too.  And that is what these unspeakable vermin did.  They used the letters of your name to create an ACCOUNT.   They could just as well have used “SSRDAEGR” as your account designation or “1442351-BA445” or anything else in the wide world, but instead they infringed upon your given name and used those letters in that particular sequence as the account designator for the express purpose of confusing you (and nearly everyone else) and defrauding you. 

So, thinking of “YOUR NAME” as an ACCOUNT designation instead of as your name, what immediately appears? 

Ah, so….. an ACCOUNT has a plus side and a minus side.   Assets come in one side as additions to the ACCOUNT and debts come in the other side of the ACCOUNT as subtractions to the ACCOUNT.  When you subtract the debts from the assets you “balance” the account and can see how much you have left after paying off the debts and you will either have a positive remaining balance or you will be overdrawn. 

So what did the rotten vermin do?  They set your ACCOUNT up as two separate linked ACCOUNTS. 

All the debts are posted against the ACCOUNT that appears to be your name, for example, JOHN MARK BROWN and placed under a numbered sub-account that you will recognize as “YOUR” Social Security or Taxpayer Identification Number: 123-45-6789. 

All the assets are posted to the ACCOUNT that appears to be your name, for example, BROWN, JOHN MARK and placed under a numbered sub-account that is the same as “YOUR” Social Security or Taxpayer Identification Number in this form: 123456789.   Same number, just without the dashes. 

Then to make the fraud scheme complete, you create two different agencies to do the bookkeeping.

You make the IRS responsible for tracking and collecting the debt side account.  And you make THE INTERNAL REVENUE SERVICE responsible for tracking the asset side of the account.  Two completely different agencies, different addresses, different offices, different job assignments —both working under deceptively similar names—-and for the most part unaware of the other’s activities, and then heavily compartmentalized within each agency so that one hand really doesn’t know what the other is doing for the most part—–and you make sure that the accounts never get balanced

The debts just keep accruing until the Account Holder pays them out of his own pocket, and the assets never get applied.  And since the “Account Holder” — the real man named John Mark Brown doesn’t know a thing about any of this, he never gets to use or enjoy any of the assets being socked away in slush funds under his NAME. 

Only one “side” of the ACCOUNT is immune—- the asset side.  It has to be that way, because remember that the DEPARTMENT OF DEFENSE is on the hook guaranteeing that YOU come to no harm. 

The debt side of the ACCOUNT is totally open to attack.

So the vermin bring their claim as a debt addressed against the debt side account, JOHN MARK BROWN, and drag “HIM” and the Account Holder into court demanding payment.  And good ole clueless Account Holder John Mark Brown pays it out of his own pocket, because they force him to do so.  He either pays it, or they turn off HIS lights stop picking up HIS garbage and send armed robbers acting under color of law to evict HIM from HIS house. 

The IRS does the same thing— they address their claims of tax indebtedness to HIM and unless the Account Holder pays, “HE” gets hauled into court and accused of all sorts of crimes and assessed all sorts of fines and late fees and if these aren’t paid up and settled, the Account Holder gets thrown in jail. 

Are you all following along here and grasping how this has been done to you and how you have been endlessly fleeced, coerced, defrauded, cheated, bilked, and extorted by this “System”? 

Oh, it’s a “System” all right—- in true gangland terminology, it’s a “System” that would make the Mafia blush. 

And it has been here operating full tilt on your soil without a valid excuse in the world for being here since 1934.

It has been cranking away with the full knowledge of the Roman Pontiff, the Holy See, the Vatican, the British Crown, the Lord Mayor of London, the Queen, and the various “US Presidents” who are all fully responsible for defrauding the American states and people.

How have they gotten away with it?  By coercive abuse of power — extortion, racketeering, kidnapping, identity theft, copyright infringement—- and all under the false pretense of still being at “war” ever since the so-called American Civil War and having “War Powers”.

As long as we are on the subject of fraud— which has no statute of limitations at all — the so-called “American Civil War” was not a war.  It was an illegal and unlawful mercenary conflict carried out on our shores.   How do we know this?

In order to be a true war and to fall under the international Laws of War, it would have to have a formal Declaration of War made by the national body competent to make such a declaration.  No such declaration exists.  Oh, Abraham Lincoln made “a” declaration beginning the hostilities, but he wasn’t authorized to actually declare war —- and he didn’t.  Likewise, there is no actual Peace Treaty ending any such war.  And there is absolutely no provision for any special “War Powers” or “Emergency Powers” granted by the actual states and people to the United States Congress, either. 

So how have they been cooking all this crap up?  That is the subject of our book, “You Know Something is Wrong When…..An American Affidavit of Probable Cause” available on amazon.com.

Olddogs Comments!

I have been cussed out, belittled and threatened for what the idiots call a lack of patriotism, but it is insanity to love your enemy, so please consider I can love my country without worshipping the vermin running it. I have paid for the privilege of being an American many times over, so stick your insults where the sun don’t shine, and continue bowing down to your masters since you are so patriotic. OR, you can do a little reading and rub a couple brain cells together to stimulate some common sense and send these bastards to hell, where they came from.

The IRS

The Federal Reserve Cartel: The Eight Families

March 6th, 2017 by

Global Research, http://www.globalresearch.ca/index.php?context=va&aid=25080

by Dean Henderson

(Part one of a four-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

  1. W. McCallister, an oil industry insider with House of Saud connections, wrote in The Grim Reaper that information he acquired from Saudi bankers cited 80% ownership of the New York Federal Reserve Bank- by far the most powerful Fed branch- by just eight families, four of which reside in the US. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

CPA Thomas D. Schauf corroborates McCallister’s claims, adding that ten banks control all twelve Federal Reserve Bank branches. He names N.M. Rothschild of London, Rothschild Bank of Berlin, Warburg Bank of Hamburg, Warburg Bank of Amsterdam, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Bank of Italy, Goldman Sachs of New York and JP Morgan Chase Bank of New York. Schauf lists William Rockefeller, Paul Warburg, Jacob Schiff and James Stillman as individuals who own large shares of the Fed. [3] The Schiffs are insiders at Kuhn Loeb. The Stillmans are Citigroup insiders, who married into the Rockefeller clan at the turn of the century.

Eustace Mullins came to the same conclusions in his book The Secrets of the Federal Reserve, in which he displays charts connecting the Fed and its member banks to the families of Rothschild, Warburg, Rockefeller and the others. [4]

The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy. Their corporate media arm is quick to discredit any information exposing this private central banking cartel as “conspiracy theory”. Yet the facts remain.

The House of Morgan

The Federal Reserve Bank was born in 1913, the same year US banking scion J. Pierpont Morgan died and the Rockefeller Foundation was formed. The House of Morgan presided over American finance from the corner of Wall Street and Broad, acting as quasi-US central bank since 1838, when George Peabody founded it in London.

Peabody was a business associate of the Rothschilds. In 1952 Fed researcher Eustace Mullins put forth the supposition that the Morgans were nothing more than Rothschild agents. Mullins wrote that the Rothschilds, “…preferred to operate anonymously in the US behind the facade of J.P. Morgan & Company”. [5]

Author Gabriel Kolko stated, “Morgan’s activities in 1895-1896 in selling US gold bonds in Europe were based on an alliance with the House of Rothschild.” [6]

The Morgan financial octopus wrapped its tentacles quickly around the globe. Morgan Grenfell operated in London. Morgan et Ce ruled Paris. The Rothschild’s Lambert cousins set up Drexel & Company in Philadelphia.

The House of Morgan catered to the Astors, DuPonts, Guggenheims, Vanderbilts and Rockefellers. It financed the launch of AT&T, General Motors, General Electric and DuPont. Like the London-based Rothschild and Barings banks, Morgan became part of the power structure in many countries.

By 1890 the House of Morgan was lending to Egypt’s central bank, financing Russian railroads, floating Brazilian provincial government bonds and funding Argentine public works projects. A recession in 1893 enhanced Morgan’s power. That year Morgan saved the US government from a bank panic, forming a syndicate to prop up government reserves with a shipment of $62 million worth of Rothschild gold. [7]

Morgan was the driving force behind Western expansion in the US, financing and controlling West-bound railroads through voting trusts. In 1879 Cornelius Vanderbilt’s Morgan-financed New York Central Railroad gave preferential shipping rates to John D. Rockefeller’s budding Standard Oil monopoly, cementing the Rockefeller/Morgan relationship.

The House of Morgan now fell under Rothschild and Rockefeller family control. A New York Herald headline read, “Railroad Kings Form Gigantic Trust”. J. Pierpont Morgan, who once stated, “Competition is a sin”, now opined gleefully, “Think of it. All competing railroad traffic west of St. Louis placed in the control of about thirty men.”[8]

Morgan and Edward Harriman’s banker Kuhn Loeb held a monopoly over the railroads, while banking dynasties Lehman, Goldman Sachs and Lazard joined the Rockefellers in controlling the US industrial base. [9]

In 1903 Banker’s Trust was set up by the Eight Families. Benjamin Strong of Banker’s Trust was the first Governor of the New York Federal Reserve Bank. The 1913 creation of the Fed fused the power of the Eight Families to the military and diplomatic might of the US government. If their overseas loans went unpaid, the oligarchs could now deploy US Marines to collect the debts. Morgan, Chase and Citibank formed an international lending syndicate.

The House of Morgan was cozy with the British House of Windsor and the Italian House of Savoy. The Kuhn Loebs, Warburgs, Lehmans, Lazards, Israel Moses Seifs and Goldman Sachs also had close ties to European royalty. By 1895 Morgan controlled the flow of gold in and out of the US. The first American wave of mergers was in its infancy and was being promoted by the bankers. In 1897 there were sixty-nine industrial mergers. By 1899 there were twelve-hundred. In 1904 John Moody – founder of Moody’s Investor Services – said it was impossible to talk of Rockefeller and Morgan interests as separate. [10]

Public distrust of the combine spread. Many considered them traitors working for European old money. Rockefeller’s Standard Oil, Andrew Carnegie’s US Steel and Edward Harriman’s railroads were all financed by banker Jacob Schiff at Kuhn Loeb, who worked closely with the European Rothschilds.

Several Western states banned the bankers. Populist preacher William Jennings Bryan was thrice the Democratic nominee for President from 1896 -1908. The central theme of his anti-imperialist campaign was that America was falling into a trap of “financial servitude to British capital”. Teddy Roosevelt defeated Bryan in 1908, but was forced by this spreading populist wildfire to enact the Sherman Anti-Trust Act. He then went after the Standard Oil Trust.

In 1912 the Pujo hearings were held, addressing concentration of power on Wall Street. That same year Mrs. Edward Harriman sold her substantial shares in New York’s Guaranty Trust Bank to J.P. Morgan, creating Morgan Guaranty Trust. Judge Louis Brandeis convinced President Woodrow Wilson to call for an end to interlocking board directorates. In 1914 the Clayton Anti-Trust Act was passed.

Jack Morgan – J. Pierpont’s son and successor – responded by calling on Morgan clients Remington and Winchester to increase arms production. He argued that the US needed to enter WWI. Goaded by the Carnegie Foundation and other oligarchy fronts, Wilson accommodated. As Charles Tansill wrote in America Goes to War, “Even before the clash of arms, the French firm of Rothschild Freres cabled to Morgan & Company in New York suggesting the flotation of a loan of $100 million, a substantial part of which was to be left in the US to pay for French purchases of American goods.”

The House of Morgan financed half the US war effort, while receiving commissions for lining up contractors like GE, Du Pont, US Steel, Kennecott and ASARCO. All were Morgan clients. Morgan also financed the British Boer War in South Africa and the Franco-Prussian War. The 1919 Paris Peace Conference was presided over by Morgan, which led both German and Allied reconstruction efforts. [11]

In the 1930’s populism resurfaced in America after Goldman Sachs, Lehman Bank and others profited from the Crash of 1929. [12] House Banking Committee Chairman Louis McFadden (D-NY) said of the Great Depression, “It was no accident. It was a carefully contrived occurrence…The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all”.

Sen. Gerald Nye (D-ND) chaired a munitions investigation in 1936. Nye concluded that the House of Morgan had plunged the US into WWI to protect loans and create a booming arms industry. Nye later produced a document titled The Next War, which cynically referred to “the old goddess of democracy trick”, through which Japan could be used to lure the US into WWII.

In 1937 Interior Secretary Harold Ickes warned of the influence of “America’s 60 Families”. Historian Ferdinand Lundberg later penned a book of the exact same title. Supreme Court Justice William O. Douglas decried, “Morgan influence…the most pernicious one in industry and finance today.”

Jack Morgan responded by nudging the US towards WWII. Morgan had close relations with the Iwasaki and Dan families – Japan’s two wealthiest clans – who have owned Mitsubishi and Mitsui, respectively, since the companies emerged from 17th Century shogunates. When Japan invaded Manchuria, slaughtering Chinese peasants at Nanking, Morgan downplayed the incident. Morgan also had close relations with Italian fascist Benito Mussolini, while German Nazi Dr. Hjalmer Schacht was a Morgan Bank liaison during WWII. After the war Morgan representatives met with Schacht at the Bank of International Settlements (BIS) in Basel, Switzerland. [13]

The House of Rockefeller

BIS is the most powerful bank in the world, a global central bank for the Eight Families who control the private central banks of almost all Western and developing nations. The first President of BIS was Rockefeller banker Gates McGarrah- an official at Chase Manhattan and the Federal Reserve. McGarrah was the grandfather of former CIA director Richard Helms. The Rockefellers- like the Morgans- had close ties to London. David Icke writes in Children of the Matrix, that the Rockefellers and Morgans were just “gofers” for the European Rothschilds. [14]

BIS is owned by the Federal Reserve, Bank of England, Bank of Italy, Bank of Canada, Swiss National Bank, Nederlandsche Bank, Bundesbank and Bank of France.

Historian Carroll Quigley wrote in his epic book Tragedy and Hope that BIS was part of a plan, “to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole…to be controlled in a feudalistic fashion by the central banks of the world acting in concert by secret agreements.”

The US government had a historical distrust of BIS, lobbying unsuccessfully for its demise at the 1944 post-WWII Bretton Woods Conference. Instead the Eight Families’ power was exacerbated, with the Bretton Woods creation of the IMF and the World Bank. The US Federal Reserve only took shares in BIS in September 1994. [15]

BIS holds at least 10% of monetary reserves for at least 80 of the world’s central banks, the IMF and other multilateral institutions. It serves as financial agent for international agreements, collects information on the global economy and serves as lender of last resort to prevent global financial collapse.

BIS promotes an agenda of monopoly capitalist fascism. It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy. It served as conduit for Eight Families funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. Many researchers assert that BIS is at the nadir of global drug money laundering. [16]

It is no coincidence that BIS is headquartered in Switzerland, favorite hiding place for the wealth of the global aristocracy and headquarters for the P-2 Italian Freemason’s Alpina Lodge and Nazi International. Other institutions which the Eight Families control include the World Economic Forum, the International Monetary Conference and the World Trade Organization.

Bretton Woods was a boon to the Eight Families. The IMF and World Bank were central to this “new world order”. In 1944 the first World Bank bonds were floated by Morgan Stanley and First Boston. The French Lazard family became more involved in House of Morgan interests. Lazard Freres- France’s biggest investment bank- is owned by the Lazard and David-Weill families- old Genoese banking scions represented by Michelle Davive. A recent Chairman and CEO of Citigroup was Sanford Weill.

In 1968 Morgan Guaranty launched Euro-Clear, a Brussels-based bank clearing system for Eurodollar securities. It was the first such automated endeavor. Some took to calling Euro-Clear “The Beast”. Brussels serves as headquarters for the new European Central Bank and for NATO. In 1973 Morgan officials met secretly in Bermuda to illegally resurrect the old House of Morgan, twenty years before Glass Steagal Act was repealed. Morgan and the Rockefellers provided the financial backing for Merrill Lynch, boosting it into the Big 5 of US investment banking. Merrill is now part of Bank of America.

John D. Rockefeller used his oil wealth to acquire Equitable Trust, which had gobbled up several large banks and corporations by the 1920’s. The Great Depression helped consolidate Rockefeller’s power. His Chase Bank merged with Kuhn Loeb’s Manhattan Bank to form Chase Manhattan, cementing a long-time family relationship. The Kuhn-Loeb’s had financed – along with Rothschilds – Rockefeller’s quest to become king of the oil patch. National City Bank of Cleveland provided John D. with the money needed to embark upon his monopolization of the US oil industry. The bank was identified in Congressional hearings as being one of three Rothschild-owned banks in the US during the 1870’s, when Rockefeller first incorporated as Standard Oil of Ohio. [17]

One Rockefeller Standard Oil partner was Edward Harkness, whose family came to control Chemical Bank. Another was James Stillman, whose family controlled Manufacturers Hanover Trust. Both banks have merged under the JP Morgan Chase umbrella. Two of James Stillman’s daughters married two of William Rockefeller’s sons. The two families control a big chunk of Citigroup as well. [18]

In the insurance business, the Rockefellers control Metropolitan Life, Equitable Life, Prudential and New York Life. Rockefeller banks control 25% of all assets of the 50 largest US commercial banks and 30% of all assets of the 50 largest insurance companies. [19] Insurance companies- the first in the US was launched by Freemasons through their Woodman’s of America- play a key role in the Bermuda drug money shuffle.

Companies under Rockefeller control include Exxon Mobil, Chevron Texaco, BP Amoco, Marathon Oil, Freeport McMoran, Quaker Oats, ASARCO, United, Delta, Northwest, ITT, International Harvester, Xerox, Boeing, Westinghouse, Hewlett-Packard, Honeywell, International Paper, Pfizer, Motorola, Monsanto, Union Carbide and General Foods.

The Rockefeller Foundation has close financial ties to both Ford and Carnegie Foundations. Other family philanthropic endeavors include Rockefeller Brothers Fund, Rockefeller Institute for Medical Research, General Education Board, Rockefeller University and the University of Chicago- which churns out a steady stream of far right economists as apologists for international capital, including Milton Friedman.

The family owns 30 Rockefeller Plaza, where the national Christmas tree is lighted every year, and Rockefeller Center. David Rockefeller was instrumental in the construction of the World Trade Center towers. The main Rockefeller family home is a hulking complex in upstate New York known as Pocantico Hills. They also own a 32-room 5th Avenue duplex in Manhattan, a mansion in Washington, DC, Monte Sacro Ranch in Venezuela, coffee plantations in Ecuador, several farms in Brazil, an estate at Seal Harbor, Maine and resorts in the Caribbean, Hawaii and Puerto Rico. [20]

The Dulles and Rockefeller families are cousins. Allen Dulles created the CIA, assisted the Nazis, covered up the Kennedy hit from his Warren Commission perch and struck a deal with the Muslim Brotherhood to create mind-controlled assassins. [21]

Brother John Foster Dulles presided over the phony Goldman Sachs trusts before the 1929 stock market crash and helped his brother overthrow governments in Iran and Guatemala. Both were Skull & Bones, Council on Foreign Relations (CFR) insiders and 33rd Degree Masons. [22]

The Rockefellers were instrumental in forming the depopulation-oriented Club of Rome at their family estate in Bellagio, Italy. Their Pocantico Hills estate gave birth to the Trilateral Commission. The family is a major funder of the eugenics movement which spawned Hitler, human cloning and the current DNA obsession in US scientific circles.

John Rockefeller Jr. headed the Population Council until his death. [23] His namesake son is a Senator from West Virginia. Brother Winthrop Rockefeller was Lieutenant Governor of Arkansas and remains the most powerful man in that state. In an October 1975 interview with Playboy magazine, Vice-President Nelson Rockefeller- who was also Governor of New York- articulated his family’s patronizing worldview, “I am a great believer in planning- economic, social, political, military, total world planning.”

But of all the Rockefeller brothers, it is Trilateral Commission (TC) founder and Chase Manhattan Chairman David who has spearheaded the family’s fascist agenda on a global scale. He defended the Shah of Iran, the South African apartheid regime and the Chilean Pinochet junta. He was the biggest financier of the CFR, the TC and (during the Vietnam War) the Committee for an Effective and Durable Peace in Asia- a contract bonanza for those who made their living off the conflict.

Nixon asked him to be Secretary of Treasury, but Rockefeller declined the job, knowing his power was much greater at the helm of the Chase. Author Gary Allen writes in The Rockefeller File that in 1973, “David Rockefeller met with twenty-seven heads of state, including the rulers of Russia and Red China.”

Following the 1975 Nugan Hand Bank/CIA coup against Australian Prime Minister Gough Whitlam, his British Crown-appointed successor Malcolm Fraser sped to the US, where he met with President Gerald Ford after conferring with David Rockefeller. [24]

Next Week: Part II: Freemasons & The Bank of the United States

Notes

[1] 10K Filings of Fortune 500 Corporations to SEC. 3-91

[2] 10K Filing of US Trust Corporation to SEC. 6-28-95

[3] “The Federal Reserve ‘Fed Up’. Thomas Schauf. www.davidicke.com 1-02

[4] The Secrets of the Federal Reserve. Eustace Mullins. Bankers Research Institute. Staunton, VA. 1983. p.179

[5] Ibid. p.53

[6] The Triumph of Conservatism. Gabriel Kolko. MacMillan and Company New York. 1963. p.142

[7] Rule by Secrecy: The Hidden History that Connects the Trilateral Commission, the Freemasons and the Great Pyramids. Jim Marrs. HarperCollins Publishers. New York. 2000. p.57

[8] The House of Morgan. Ron Chernow. Atlantic Monthly Press NewYork 1990

[9] Marrs. p.57

[10] Democracy for the Few. Michael Parenti. St. Martin’s Press. New York. 1977. p.178

[11] Chernow

[12] The Great Crash of 1929. John Kenneth Galbraith. Houghton, Mifflin Company. Boston. 1979. p.148

[13] Chernow

[14] Children of the Matrix. David Icke. Bridge of Love. Scottsdale, AZ. 2000

[15] The Confidence Game: How Un-Elected Central Bankers are Governing the Changed World Economy. Steven Solomon. Simon & Schuster. New York. 1995. p.112

[16] Marrs. p.180

[17] Ibid. p.45

[18] The Money Lenders: The People and Politics of the World Banking Crisis. Anthony Sampson. Penguin Books. New York. 1981

[19] The Rockefeller File. Gary Allen. ’76 Press. Seal Beach, CA. 1977

[20] Ibid

[21] Dope Inc.: The Book That Drove Kissinger Crazy. Editors of Executive Intelligence Review. Washington, DC. 1992

[22] Marrs.

[23] The Rockefeller Syndrome. Ferdinand Lundberg. Lyle Stuart Inc. Secaucus, NJ. 1975. p.296

[24] Marrs. p.53

 

Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries. 

Federal Reserve

In Reply to Fears About the “National Debt”

March 3rd, 2017 by

http://www.paulstramer.net/2017/03/trump-card-will-be-played-this-month-or.html

National DebtBy Anna Von Reitz

What people are missing — and Mr. Stockman, too — is that the “National Debt” is in fact falling, not rising anymore. 

How is that possible? 

Simple.  The “National Credit” is being applied to pay down the “National Debt“.

Last month, Winston Shrout applied $400 billion directly against the National Debt.  And that is just one man properly applying the remainder of a commercial claim against the so-called “National Debt”. 

As I have tried and tried to get through to people, there actually is no “National Debt”.  There is only a criminally mismanaged bookkeeping system.

In a monetary system based on Promissory Notes (I.O.U.’s aka “Federal Reserve Notes”) there is only one transaction possible and it is known as “passing the buck”.  When someone pays you with a debt (an I.O.U.) and you accept that debt as payment, a credit is created for him and a debt is accrued for you. 

You never get paid for anything until you “pass the buck”—and use that debt instrument as a means to receive something real in return.

Think about it in another way— every time a debt is created, so is an answering credit of equal amount.

The debts and credits naturally cancel each other out.  There cannot be a $20 Trillion dollar “National Debt” created without the existence of an answering and equal $20 Trillion “National Credit” being created.  

So what is all this horse-hooey about? 

The “United States Government” — as opposed to the American Government — has been very profligate.  It has borrowed and borrowed and avoided paying its debts and squandered money like a drunken sailor for decades, and in the process it has accrued a $20 Trillion dollar National Debt for itself. 

The American Government as a whole, meanwhile, has been very circumspect and diligent and has accrued no commensurate debts so that a $20 Trillion dollar National Credit (and a great deal more) has accrued on our side of the ledger. 

It’s time for the Internal Revenue Service to do the bookkeeping and zero out the “National Debt”.   It should be a routine process akin to balancing a check book, but instead it has been made into an excuse for fraud and theft on an unimaginable scale.

It’s also time for the vast majority of the members of the U.S. Congress to be sacked, thrown out on their ears, given a pink slip, sent home in dishonor, and held feet first to the fire for their gross lack of accountability, honesty, and competence.  

After having spent considerable time talking to members of the “U.S. Congress” I am convinced that most of them (1) have no idea how the government of the United States is supposed to work or fit within the framework of the American Government as a whole, (2) have no clear knowledge of how the government bookkeeping and accounting system is supposed to work, (3) and aside from knowing how to “appropriate” money for every unauthorized and questionable purpose in the western world, have no idea where the so-called money comes from, how it created, or anything else about it. 

A more brainless, irresponsible, unfocused, unaccountable, indecisive, self-absorbed, egotistical, crooked, and abominable assemblage of human flotsam than the “U.S. Congress” has seldom been collected on the face of the Earth.  One can only assume that Washington, District of Columbia, is the drain-hole of the world, and that the dregs of society have been dressed up in $2500 suits and trotted out as a joke.

Clearly, when the actual land jurisdiction states convene a Continental Congress and examine the topic of credentials and requirements for Congressmen and US Senators, having a brain and an I.Q. above 60 should be first on the list, followed by a solid understanding of how the American Government functions, followed by an equally solid grasp of basic economics, bookkeeping, and accounting.  Congress, after all, has the singular task of holding the purse-strings, and they have also very apparently failed to do so.

As for the political parties supporting such appallingly unqualified candidates for office, they should be universally despised as significantly worse than useless and self-interested. 

The whole idea of “political parties” was imported here by European immigrants cast out of their own countries for their participation in the 1848 Communist Worker’s Rebellion.  It is a foreign concept and practice being promoted by a foreign “government” services corporation that is under contract to us and our states to provide stipulated services.  None of the familiar political party frou-frou-rah  has anything to do with our actual and lawful government, except that the “United States” Incorporated has been criminally mismanaged and allowed to run rampant over the people and states that it is hired to serve and polarized by different political party platforms which serve special-interest agendas instead of seeking the Public Good..

As part of the much-needed overhaul and reform of the “Federal Government” as its functions pertain to our states of the union,  I believe that political parties should either be outlawed as seditious special interests or all political elections should be publically funded or both.  Continuing to allow the “end results” of two rival gangs’ selection process to control corporate offices that have such important duties to perform is nothing short of madness.  Elections for actual Public Offices must be resumed within the broader framework of the American Government and new restrictions and requirements must be imposed upon those offices and processes of the United States Government which affect us and our states.

Anyway, folks, next time someone starts prattling about the “National Debt”, be sure to cock an eyebrow and inquire— “What National Debt?” 

See this article and over 400 others on Anna’s website here:

www.annavonreitz.com

National Debt

THE CONSTITUTION

March 2nd, 2017 by

This article is posted on both sites today due to its importance, as some of you read only what you are interested in.

http://annavonreitz.com/theconstitution.pdf

CONSTITUTIONBy Anna Von Reitz

There are a number of questions that must be asked— and answered— by each one of us.  Before asking the first and most fundamental question and not inviting anyone to blurt out any answers at this point, I want to make my own position clear.

I do not now and have never advocated any act of violence, insurrection, or treason against the Constitution.

I view the actual Constitution as a flawed contract, but a contract that provides us with protections and guarantees we would not have otherwise.  Those protections and guarantees are supremely valuable once we place ourselves in a position wherein we can exercise them.

So let’s begin with what the actual Constitution is— and let’s make it clear that when I say “The” Constitution or use the singular form of the word, I am talking about the real American deal —and when I use the plural form of the word, I am talking about constitutions in general as a class of legal instruments.  

All constitutions, then, are debt agreements— and so is ours.

These debt agreements are generally divided into two classes— equity constitutions and service constitutions, and in some cases, like ours—-both equity and service are involved in the contract itself.

The equity is in the nineteen rights known as “powers” which the states delegated to the federal government.  The debt is owed to the federal government for performing the stipulated services and accepting the associated liabilities of the states, which would otherwise have to provide these services.

The parties to this odd agreement are not our actual land jurisdiction states, but corporations they set up to act for them in the international jurisdiction of the sea. These are known as “states of states”, such as the State of Vermont; thus you will see that the “States of America” are mutually and collectively a party to The Constitution for the united States of America, and the word “united” is merely an adjective describing the fact that they are acting in common. 

So the states “united” acting through commercial companies known as “states of states” made an agreement with another entity, whose identity is purposefully obscured: the newly created “United States”.   Unknown to the public then and to most Americans still, this was the United States Trading Company, which was formed from the old British colonial investment companies— the Virginia Company, the New England Company, and others. 

Our fledgling union of states contracted away nineteen of their duties —and the related rights— to a British-owned and operated commercial company.  They could hardly tell the rest of the people that after eight long years of war, they were getting back into bed with the British king and giving up a large portion of all that they had won including control of American commerce, American treaty-making, American trade policy, American defense capability, and much more.

Our states were thus effectively controlled by the British king and emasculated, indeed, castrated in international jurisdiction, even while our country was being born.  By controlling our international defense forces, our foreign policy, our commerce, our currency, and our trade policies, the British king could do exactly what subsequent Monarchs have done—- use and abuse our resources, use our men and boys as gun fodder in wars for profit, use our women as factory and agricultural slaves, devalue our currency, and control our votes in every international assembly. 

From the Founding Fathers’ side of it, their deal probably saved more than half the loaf and forestalled yet another war with England.  The crux of the matter was that the Americans had no Navy to protect shipment of their cotton, tobacco, ore, timber, wheat and other raw materials to Europe and the British stood at the dawn of the Industrial Revolution, starving for those commodities.  Our lack of a navy to protect our commercial shipping and Britain’s lack of raw materials were the driving forces behind the adoption of The Constitution.

It was a gross sacrifice of power, autonomy, and wealth on our part and a liability laced with rich benefits for the British king and the colonial investment groups— which included Americans, like George Washington, Thomas Jefferson, Ben Franklin, and others you might know—on the other.

That said, and the motives of the Constitutional Convention fully exposed, the participants did manage to save the entire land jurisdiction and also a very substantial portion of undelegated powers in the international jurisdiction of the sea for future generations. They chained the British king to an extent by setting limits on what we have fallaciously called the “federal government”, and by securing guarantees and obligations, including the obligation of the British Monarch to act as the international trustee of Americans on the High Seas and Navigable Inland Waterways.  

The Constitution was executed by a group of Americans calling themselves “We, the People”.  To grasp what this implies requires us to go back over two hundred years and learn some things we are never taught in school. 

The word “people” means “militia” in Hebrew. 

When Joshua conquered Canaan he led his “people” in battle—-he was leading his “militia”.   Our Forefathers knew this, and so, when they said, “We, the People” they knew that it meant “We, the Militia”—an important point that tends to be lost on us today.

Unlike an army, a militia has civilian officers.  Also unlike an army, membership in a militia is a birthright.  

You are born as a member of a state militia.  

You will also notice that the word “People” in “We, the People” is capitalized.

In contract law, capitalizing a word indicates a position of servitude or inferior political status. 

The men signing the Constitution were functioning as Fiduciary Deputies acting in behalf of their states, and thus were both “people”— that is, members of their respective state militias, and, at the same time, public servants.  That’s why in referring to themselves they used the capital “P” on “People”.  Yes, they were members of the American Militia, but they were acting in a servile capacity while conducting the public’s business.

So what “We, the People” communicates is really quite different from what everyone assumes.  Unless you are claiming to be a member of a state militia serving as a business agent or fiduciary, you really shouldn’t be ramming around using “We, the People” to describe yourselves.

All that said, all the lies and self-interest and double-dealing and double-speak revealed, if we sort ourselves out and assert our proper political status, The Constitution offers us a bulwark against tyranny even today and we would be foolish to cast it aside or undermine it in any way.

Without the Constitution, we would be facing a most ruthless, powerful, and immoral adversary: a desperate rogue international commercial conglomerate which is highly motivated to murder its Priority Creditors—-us, in other words.  

If we give the Federal Government an excuse to kill us by operating outside The Constitution they will profit five different ways:

  1. First, they won’t have to pay us back what they already owe us—-which is many, many trillions of dollars.   
  2. Second, they will collect on million dollar – often multi-million dollar life insurance policies– they’ve placed on each one of us, naming their own precious corporation as the beneficiary.
  3. Third, they will seize and profit from all the “abandoned property” that would result from a Civil War.
  4. Fourth, they will avoid paying the retirement benefits they owe to millions of Baby Boomers.
  5. Fifth, they will charge the survivors for the “service” of killing us.

They’ve been trying for several years to get some kind of conflict going.  They’ve tried race hatred, religious hatred, sovereign citizen phobias and false flags— all without success.  They would like nothing better than to have us start something for them.

The one thing standing in their way is the Constitution.

That is why any reckless talk against the Constitution or actions undermining the Constitution plays into the hands of those who have defrauded and misused us for so long and who in fact owe us so much. 

In my opinion, whatever fault there may be in the Constitution, it is subject to far gentler and more intelligent and certain means of reform than that provided by any sort of insurrection.

The first question then, that each of us must answer is—-do we support and defend the Constitution, and proceed within its established framework to restore a fully functioning American government, or do we, as some have suggested— throw the Constitution out with the bathwater and tread the same bloody road our forefathers were forced to endure for eight long years?

My vote is to support and defend the Constitution, while seeking its full enforcement and eventual reform, but there are voices raised among us who would have us abandon the necessities of obeying The Constitution.  These voices appeal to our egos and our anger.  They preach their own new gospel and they say that the people can do anything they wish to do, change anything they want to change, simply by taking a vote and a show of hands—- even such a sloppy ad hoc show of hands as you can get on a teleconference call.  This, we are told, is sufficient to set new national frameworks in place. 

I must ask of which nation, because it certainly isn’t mine.

No need, they tell us, to build an actual functioning restored government for the organic states.  No need to consider the tens of millions of Americans who have no inkling of what we are discussing, who are not participating, and who have just as much right to know and to take action in the own behalf as we do.  No responsibility to conduct honest elections.  No need to honor anything from the past. No need for Due Process.  No need to respect the requirements of The Constitution.  No need for the Rule of Law.  Everything, they say, is just whatever we say it is. 

No doubt that these same people believe that we have rights without responsibilities, and protections without duties, and can rule without obligation to anything or anyone but ourselves.  They are, mostly without knowing it, preaching anarchy and insurrection and the destruction of the union of states— not restoration and empowerment of the actual counties and states, not the resumption of effective Checks and Balances.

To me, the American Government is like a magnificent V8 engine that is presently running on only two cylinders.  I view it as our job to restore it and get it running right.  It requires us to be good mechanics, know our job, and use the right tools.  And we have inherited all the necessary tools.

Just as it would be foolhardy to try to fix a gas engine without understanding its parts and how it works, we cannot restore our rightful government without understanding its parts and how it works, yet the Pied Pipers among us want us to believe that no such hard work on our parts is required. 

I have the unenviable and unpopular duty of telling everyone that a lot of hard work, soul-searching, and education is necessary, that you can’t just hand-wave your way to a fully functioning American Republic after 150 years of fraud and neglect.  It’s going to take a lot of effort by a lot of people to restore America, and if we don’t do it right, there is the very real danger that our remaining two cylinders will blow up in our faces.

The American Government — as opposed to the US Government — is set in a much larger framework than just the structures and provisions established by The Constitution.  Remember that The Constitution deals only with the set up and running of the United States—- a corporation responsible for providing nineteen delegated services.  Important as that chunk out of our loaf is, it says nothing about our land jurisdiction and says nothing much about our retained non-delegated powers in the international jurisdiction of the sea, beyond the bald statement provided by Article X.

The Constitution tells us how the delegated services are to be provided and organized and monitored and paid for and how the “Federal Government” is to be limited and all that it is obligated to be and do— and says nary a word about our own state and county governments ruling the land jurisdiction, nary a word about the exercise of the non-delegated powers retained in the international jurisdiction of the sea by our union of states.  

Why is that?  It’s because those topics are simply not the subject matter of The Constitution. 

The Constitution is all about our deal with King George and who gets the juicy government services contracts pertaining to that agreement and who controls what aspects of international affairs, what the states are owed, and what they pay in return.

Why, then, would The Constitution talk about our own national state governments operating the land jurisdiction of this country?  Or even about the undelegated powers in international jurisdiction retained by the people and the states under Article X? 

It wouldn’t and it didn’t. 

Generations of Americans have scoured The Constitution looking for answers how to fix our broken government, but that is like reading a book about Barn Building, when what we really need to know is How to Raise Cows.  The subjects are somewhat related, but only obliquely. Instructions for building hay mows and stanchions and waste gutters give information by inference, but don’t directly instruct us in what we need to know.

So in Article IV, The Constitution defines the evils of Bills of Attainder and forbids them, and in Amendment VII makes it clear that the American people are owed Common Law Courts, and in Article X it mentions that the states retained undelegated powers not granted to the new United States government, but doesn’t tell us how to object to Bills of Attainder, or which kind of “Common Law” Americans are owed, or give us a list of the powers that the states and people retained.

So far as the writers of The Constitution were concerned it was assumed and we were expected to know all that for ourselves—but somewhere in the mass confusion, deceit, and fraud of the Civil War and the Reconstruction Acts—- we forgot.  

We forgot who we are, what our states are, what their jurisdiction is, how their powers are exercised, how they are meant to operate, and how to exercise the power of checks and balances.  And it’s the same way with our counties.  We forgot that the counties are the domain of the people and that the counties in turn control the states. 

Instead, the self-interested vermin in DC contrived to turn everything around and upside down, to usurp upon our lawful counties and states and replace them via fraud and deceit with corporate franchises willing to do anything and everything their parent corporations in the District of Columbia demand.  They even contrived to mischaracterize us and our political status, to demean and defraud us by the use and abuse of unilateral and undisclosed contracts to entrap, ensnare, and enclose upon the very people these monsters are hired and paid to protect.

So here we are in 2017, finally dispensing with the fog and corruption and destruction of the Civil War, finally getting rid of the carpetbaggers, and working to see our rightful government restored. 

Let it be noted that the Missing Pieces are all on our side. 

The US Government created by The Constitution is corrupt and arrogant and lawless after 150 years of running wild, but it is still kicking.  It’s the American Government that is MIA. 

It’s the actual American states that no longer answer roll call and act to prevent federal usurpation of their power.  It’s the actual American counties that no longer lawfully assemble and do the job of directing the states.  It’s our government that is on the ropes, firing on only two cylinders—-and it’s because our counties and states have been enfranchised and unlawfully converted by the so-called “federal government” into mere franchises of their own commercial corporations that Checks and Balances no longer work to prevent federal overreach, usurpation, and oppression. 

It is because we have ignorantly allowed ourselves to be called “citizens of the United States” and allowed our political status to be misrepresented and mischaracterized, too, that we are oppressed and abused and presumed upon by these foreign interlopers.

If we are to restore our rightful government and learn to use the power of The Constitution we are owed, we must first restore and hone the American Government— the lawful, unincorporated counties and states of the land jurisdiction, and restore ourselves as the people of our respective fifty nation-states. 

The key is in our hands.  It is up to us to turn it in the lock.  

See this article and over 400 others on Anna’s website here: www.annavonreitz.com

Olddogs Comments!

Not having the intellect of someone like Anna, I cannot imagine the amount of reeducation that has to be done in the entire country, before a delegation of learned people can assemble a group of teachers and spread them throughout the America States. Mind you this is for sure step number one because as it stands, there are millions of egotistical empty headed wordsmiths that think they know everything. Keeping these scumbags out of the united assembly of instructors is going to be a bloody mess. But, this must be done to stay on the straight and narrow objective of creating a majority of reeducated Americans. Don’t be insulted folks, but the truth is we have all been dumbed down to kindergarten level concerning the advantages of a Republic over a spastic corporate democracy.

CONSTITUTION

Ihre Papiere, Bitte! (Your Papers, Please): Are We Being Set Up for a National ID System?

March 1st, 2017 by

http://www.rutherford.org/publications_resources/john_whiteheads_commentary/ihre_papiere_bitte_your_papers_please_are_we_being_set_up_for_a_nation

 National ID

By John W. Whitehead
March 01, 2017

“The triumph of the S.S. demands that the tortured victim allow himself to be led to the noose without protesting, that he renounce and abandon himself to the point of ceasing to affirm his identity. And it is not for nothing. It is not gratuitously, out of sheer sadism, that the S.S. men desire his defeat. They know that the system which succeeds in destroying its victim before he mounts the scaffold . . . is incomparably the best for keeping a whole people in slavery.”—Hannah Arendt reporting on the trial of Adolf Eichmann

You can’t have it both ways.

You can’t live in a constitutional republic if you allow the government to act like a police state.

You can’t claim to value freedom if you allow the government to operate like a dictatorship.

You can’t expect to have your rights respected if you allow the government to treat whomever it pleases with disrespect and an utter disregard for the rule of law.

If you’re inclined to advance this double standard because you believe you have done nothing wrong and have nothing to hide, beware: there’s always a boomerang effect.

Whatever dangerous practices you allow the government to carry out now—whether it’s in the name of national security or protecting America’s borders or making America great again—rest assured, these same practices can and will be used against you when the government decides to set its sights on you.

Nothing is ever as simple as the government claims it is.

The war on drugs turned out to be a war on the American people, waged with SWAT teams and militarized police.

The war on terror turned out to be a war on the American people, waged with warrantless surveillance and indefinite detention.

The war on immigration will be yet another war on the American people, waged with roving government agents demanding “papers, please.”

So you see, when you talk about empowering government agents to demand identification from anyone they suspect might be an illegal immigrant—the current scheme being entertained by the Trump administration to ferret out and cleanse the country of illegal immigrants—what you’re really talking about is creating a society in which you are required to identify yourself to any government worker who demands it.

Just recently, in fact, passengers arriving in New York’s JFK Airport on a domestic flight from San Francisco were ordered to show their “documents” to border patrol agents in order to get off the plane.

This is how you pave the way for a national identification system.

Americans have always resisted adopting a national ID card for good reason: it gives the government and its agents the ultimate power to target, track and terrorize the populace according to the government’s own nefarious purposes.

National ID card systems have been used before, by other oppressive governments, in the name of national security, invariably with horrifying results.

For instance, in Germany, the Nazis required all Jews to carry special stamped ID cards for travel within the country. A prelude to the yellow Star of David badges, these stamped cards were instrumental in identifying Jews for deportation to death camps in Poland.

Author Raul Hilberg summarizes the impact that such a system had on the Jews:

The whole identification system, with its personal documents, specially assigned names, and conspicuous tagging in public, was a powerful weapon in the hands of the police. First, the system was an auxiliary device that facilitated the enforcement of residence and movement restrictions. Second, it was an independent control measure in that it enabled the police to pick up any Jew, anywhere, anytime. Third, and perhaps most important, identification had a paralyzing effect on its victims.

In South Africa during apartheid, pass books were used to regulate the movement of black citizens and segregate the population. The Pass Laws Act of 1952 stipulated where, when and for how long a black African could remain in certain areas. Any government employee could strike out entries, which cancelled the permission to remain in an area. A pass book that did not have a valid entry resulted in the arrest and imprisonment of the bearer.

Identity cards played a crucial role in the genocide of the Tutsis in the central African country of Rwanda. The assault, carried out by extremist Hutu militia groups, lasted around 100 days and resulted in close to a million deaths. While the ID cards were not a precondition to the genocide, they were a facilitating factor. Once the genocide began, the production of an identity card with the designation “Tutsi” spelled a death sentence at any roadblock.

Identity cards have also helped oppressive regimes carry out eliminationist policies such as mass expulsion, forced relocation and group denationalization. Through the use of identity cards, Ethiopian authorities were able to identify people with Eritrean affiliation during the mass expulsion of 1998. The Vietnamese government was able to locate ethnic Chinese more easily during their 1978-79 expulsion. The USSR used identity cards to force the relocation of ethnic Koreans (1937), Volga Germans (1941), Kamyks and Karachai (1943), Crimean Tartars, Meshkhetian Turks, Chechens, Ingush and Balkars (1944) and ethnic Greeks (1949). And ethnic Vietnamese were identified for group denationalization through identity cards in Cambodia in 1993, as were the Kurds in Syria in 1962.

And in the United States, post-9/11, more than 750 Muslim men were rounded up on the basis of their religion and ethnicity and detained for up to eight months. Their experiences echo those of 120,000 Japanese-Americans who were similarly detained 75 years ago following the attack on Pearl Harbor.

Despite a belated apology and monetary issuance by the U.S. government, the U.S. Supreme Court has yet to declare such a practice illegal. Moreover, laws such as the National Defense Authorization Act (NDAA) empower the government to arrest and detain indefinitely anyone they “suspect” of being an enemy of the state.

Fast forward to the Trump administration’s war on illegal immigration, and you have the perfect storm necessary for the adoption of a national ID card, the ultimate human tracking device, which would make the police state’s task of monitoring, tracking and singling out individual suspects—citizen and noncitizen alike—far simpler.

Granted, in the absence of a national ID card, “we the people” are already tracked in a myriad of ways: through our state driver’s licenses, Social Security numbers, bank accounts, purchases and electronic transactions; by way of our correspondence and communication devices—email, phone calls and mobile phones; through chips implanted in our vehicles, identification documents, even our clothing.

Add to this the fact that businesses, schools and other facilities are relying more and more on fingerprints and facial recognition to identify us. All the while, data companies such as Acxiom are capturing vast caches of personal information to help airports, retailers, police and other government authorities instantly determine whether someone is the person he or she claims to be.

This informational glut—used to great advantage by both the government and corporate sectors—is converging into a mandate for “an internal passport,” a.k.a., a national ID card that would store information as basic as a person’s name, birth date and place of birth, as well as private information, including a Social Security number, fingerprint, retina scan and personal, criminal and financial records.

The Real ID Act, which imposes federal standards on identity documents such as state drivers’ licenses, is the prelude to this national identification system. Individuals from states that fail to comply with the Real ID Act (there are nine states still not in compliance) will be unable to use their drivers’ licenses as forms of identification in airports starting in January 2018).

A federalized, computerized, cross-referenced, databased system of identification policed by government agents would be the final nail in the coffin for privacy (not to mention a logistical security nightmare that would leave Americans even more vulnerable to every hacker in the cybersphere).

So what is privacy?

In its purest sense, privacy means the right to walk down a street without fear of being accosted by a government agent demanding to know who you are, where you’re going and what you’re doing in that particular place at that particular moment in time.

Privacy means you have the right to tell any government agent who pokes his nose too far into your business to butt out.

Privacy means the right to remain anonymous, if you so choose.

Unfortunately, in an age of constant surveillance, in which we are constantly watched and our movements monitored and tracked—by our technology, by the government, by the corporations, and through our own obsession with social media and smart devices—the case for privacy is no longer quite so clear-cut.

Likewise, the penalty for telling the government to stick it (or mind its own business) is growing more severe with every passing day.

Noncompliance with a direct government order—whether that order is to show your papers, step out of a car, exit your house with your hands up, or bend over and submit to being searched, fondled or frisked—can now result in missed flights, broken bones and dead bodies.

Remember, the police state does not discriminate.

At some point, it will not matter whether your skin is black or yellow or brown or white. It will not matter whether you’re an immigrant or a citizen. It will not matter whether you’re rich or poor. It won’t even matter whether you’re driving, flying or walking.

After all, government-issued bullets will kill you just as easily whether you’re a law-abiding citizen or a hardened criminal. Government jails will hold you just as easily whether you’ve obeyed every law or broken a dozen. And whether or not you’ve done anything wrong, government agents will treat you like a suspect simply because they have been trained to view and treat everyone like potential criminals.

Eventually, when the police state has turned that final screw and slammed that final door, all that will matter is whether some government agent—poorly trained, utterly ignorant of the Constitution, way too hyped up on the power of their badges, and authorized to detain, search, interrogate, threaten and generally harass anyone they see fit—chooses to single you out for special treatment.

You see, it’s a short hop, skip and a jump from allowing government agents to stop and demand identification from someone suspected of being an illegal immigrant to empowering government agents to subject anyone—citizen and noncitizen alike—to increasingly intrusive demands that they prove not only that they are legally in the country, but that they are also lawful, in compliance with every statute and regulation on the books, and not suspected of having committed some crime or other.

It’s no longer a matter of if, but when.

You may be innocent of wrongdoing now, but when the standard for innocence is set by the government, no one is safe. Everyone is a suspect. And anyone can be a criminal when it’s the government determining what is a crime.

We’ve been having this same debate about the perils of government overreach for the past 50-plus years, and still we don’t seem to learn, or if we learn, we learn too late.

All of the excessive, abusive tactics employed by the government today—warrantless surveillance, stop and frisk searches, SWAT team raids, roadside strip searches, asset forfeiture schemes, private prisons, torture, indefinite detention, militarized police, etc.—started out as a seemingly well-meaning plan to address some problem in society that needed a little extra help.

Be careful what you wish for: you will get more than you bargained for, especially when the government’s involved.

In the case of a national identification system, it might start off as a means of curtailing illegal immigration, but it will end up as a means of controlling the American people.

Taking a prophetic cue from George Orwell’s 1984, a 2013 video game Papers, Please “puts players in control of an unnamed border agent in the fictional Eastern Bloc totalitarian state of Arstotzka in 1982.”

As journalist Jason Concepcion explains, “The rules are simple: Decide who can enter the country. This is accomplished by checking each traveler’s documents — passports, visas, work permits — for authenticity and cross-referencing with various guidelines handed down by the state. The state’s instructions are initially simple. Those holding Arstotzkan passports — assuming the information contained therein matches the person at the window — are considered citizens and may cross the border. Take out your green ACCEPTED stamp, mark the appropriate box on the entry visa, hand the owner back his or her documents, and call the next person in line.”

Where things start to get dicey is when the stakes get higher, when there’s money to be made, when there are lives on the line.

Concepcion continues:

As the game progresses, the restrictions on immigration become more complex. A trade war with a neighboring country causes the Ministry of Admission to ban travelers from the nation. Rumors of insurgent groups with forged documents mean every seal and stamp in an entry visa must be double-checked against those in your handbook. If a traveler is heavier than the weight indicated in their passport, then they must be questioned and X-rayed for contraband. Faces are checked against the state’s most-wanted list. Perhaps a prospective immigrant doesn’t resemble the photograph in their documents, in which case fingerprints must be taken and processed. With each passing day, there are more details to check. Some travelers don’t have the correct work visa, or have papers that would have been valid yesterday. These must be scrutinized closely.

Around day two or three on the job, one of the soldiers who guards the checkpoint steps to your window. He tells you he gets a bonus for each person processed for detention. He offers to cut you in. Criminals — sometimes even terrorists — attempt to pass through the Grestin checkpoint. But this is rare. Immigrants who haven’t kept abreast of the constant changes in state policy are much more common. Every now and again, a traveler comes to your booth with a heartrending story — a dying loved one, children they’ve never seen — but the wrong documentation. You could, easily and legally, hand a few of these people over to the guards and make a few bucks on the side.

This is what the banality of evil looks like, as described by historian Hannah Arendt.

Arendt explains: “The essence of totalitarian government, and perhaps the nature of every bureaucracy, is to make functionaries and mere cogs in the administrative machinery out of men, and thus to dehumanize them.”

How do you persuade people to just follow orders and carry out the dictates of a police state?

You turn them into mindless robots. You teach them to obey unquestioningly. You brainwash them into believing that compliance and patriotism go hand in hand.

As Concepcion concludes, “Papers, Please gives players a window into how fascism manifests itself in bureaucracy. The brilliance of the game’s paperwork gameplay is that it makes the player complicit in the projection of state power… ‘What I found making this game,’ [designer Lucas Pope explained], ‘is that this communist setting or this dystopian, fascist setting works nicely for game mechanics because you can tell the player, ‘you have to do this.’ There’s not a whole lot of questioning of, ‘why?’ ‘You have to do it because that’s how we … run things here, we tell you how to do it and you do it.’ That works perfectly well with the setting of some kind of communist government or some kind of bureaucracy where the rules just come down from the top and boom, that’s your job.’”

Boom. That’s your job.

That about sums things up, doesn’t it?

Yet as I make clear in my book Battlefield America: The War on the American People, it’s not just the border patrol agents or the police or the prison guards who are marching in lockstep with the regime. It’s also the populace that obeys every order, that fails to question or resist or push back against government dictates that are unjust or unconstitutional or immoral.

We have been down this road before.

Reporting on the trial of Nazi bureaucrat Adolf Eichmann for the New Yorker in 1963, Hannah Arendt describes the “submissive meekness with which Jews went to their death”:

arriving on time at the transportation points, walking under their own power to the places of execution, digging their own graves, undressing and making neat piles of their clothing, and lying down side by side to be shot—seemed a telling point, and the prosecutor, asking witness after witness, “Why did you not protest?,” “Why did you board the train?,” “Fifteen thousand people were standing there and hundreds of guards facing you—why didn’t you revolt and charge and attack these guards?,” harped on it for all it was worth. But the sad truth of the matter is that the point was ill taken, for no non-Jewish group or non-Jewish people had behaved differently.

The lessons of history are clear: chained, shackled and imprisoned in a detention camp, there is little chance of resistance. The time to act is now, before it’s too late. Indeed, there is power in numbers, but if those numbers will not unite and rise up against their oppressors, there can be no resistance.

As Arendt concludes, “under conditions of terror most people will comply but some people will not, just as the lesson of the countries to which the Final Solution was proposed is that ‘it could happen’ in most places but it did not happen everywhere.”

It does not have to happen here.

We do not have to condemn ourselves to life under an oppressive, authoritarian regime.

We do not have to become our own jailers.

We do not have to dig our own graves.

We do not have to submit.

ABOUT JOHN W. WHITEHEAD

Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. His new book Battlefield America: The War on the American People (SelectBooks, 2015) is available online at www.amazon.com. Whitehead can be contacted at johnw@rutherford.org.

Publication Guidelines / Reprint Permission

John W. Whitehead’s weekly commentaries are available for publication to newspapers and web publications at no charge. Please contact staff@rutherford.org to obtain reprint permission.

Olddogs Comments!

DO NOT COMPLY!

National ID

The Final End of the Fraud – Hail, the Emperor’s New Clothes

February 27th, 2017 by

http://www.paulstramer.net/2017/02/the-final-end-of-fraud-hail-emperors.html

FRAUD

By Anna Von Reitz

The problem as I see it, is not lack of action— but lack of effective action— and also lack of understanding of how the fraud has been accomplished.

We now have it completely dissected, the entire mechanism scraped down to the bone for everyone to see.

What it amounts to is commercial fraud resulting in inland piracy and unlawful conversion of assets, all based on copyright and trademark infringement and identity theft.

The vexing question has always been, how to put an end to it?  How to deliver an answer simple and inexpensive enough for the poorest and most ignorant people to benefit—- for if we leave anyone behind, we leave open the door for our own eventual re-enslavement. 

Remedy has to be simple, cheap, easily understood, and easy to access.  What is it?

For Americans I believe it is as simple as “surrendering the PERSON” provided by the UNITED STATES, INC., thereby releasing oneself from any presumption of voluntary participation in the scam.

But to whom?  That is always the rub….. When one revokes an election to pay federal income taxes, one must notify the Commissioner of the Internal Revenue Service and the Commissioner of the IRS and now also the Commissioner of THE INTERNAL REVENUE SERVICE, past, present and future…..

Who do you notify when giving back the odious “gift” of a PERSON?  

The absolute source of the PERSON(S) is the DEPARTMENT OF COMMERCE, so it makes sense to notify the SECRETARY OF COMMERCE— but would you “surrender” a dangerous securitized PERSON to the SECRETARY OF COMMERCE?   Isn’t that a bit like handing Charles Manson over to Porky Pig? 

No, a notice to the SECRETARY OF COMMERCE who creates these noxious fictions and a notice to the SECRETARY OF AGRICULTURE who holds the liens against them—- that makes practical sense as a “due notice” but they cannot logically be the official responsible for cashiering the PERSON.

The answer is in the 1934 Emergency Banking Act—- the Secretary of the Treasury, used to be Jacob Lew and now, Mr. Mnuchin.

So that is the official responsible for “depositing” the PERSONS and we are the Bounty Hunters responsible for collecting and surrendering them as in “surrendering” a criminal or prisoner or in some cases, a coupon, voucher, or certificate……ah, a certificate, an insurance indemnity receipt……

This all goes back to whether you want to operate in commerce or in trade. 

You are “gifted” with the PERSON, for example, JOHN MICHAEL DOE, to enable you to operate in commerce and thereby become subjected to federal regulation and federal taxation.  Oh, jolly!  We all wanted that, right?  We were just never told anything about it and forced into it when we were still babes in our cradles and didn’t have a clue what was going on.  Our Mothers were never told, either, so they couldn’t tell us.

Our identities and our property were stolen literally “like candy from a baby” and the bastards got away with misrepresenting our political status, too.

That’s how little John Michael Doe became a ward of the UNITED STATES and became identified as a US CITIZEN operating the commercial “vessel” JOHN MICHAEL DOE. 

That’s how we were press ganged and enslaved by the Queen of England and the Roman Pontiff, even though they are both supposed to be acting as our International Trustees. 

The filthy vermin. 

This is how we were forced to operate in commerce and fraudulently subjected to the foreign federal government under delegated powers.  We granted them control of our commerce— not our trade— and this is how they contrived to beat us and rob us. 

The absolute bottom-of-the-barrel criminals operating as ELIZABETH II and FRANCISCUS are still profiting from this, and we can prove it beyond a shadow of a doubt.  They used their undeclared Foreign Agents, members of the Bar Associations, to implement this vile fraud against Americans and then also to collect the resulting unjust enrichment—- and we can prove that in spades, too. 

They funneled their ill-gotten gains through the Bank of New York Mellon, laundered it through the Vatican Bank, and then after the Pope got his cut, sent it back via the Bank of Canada so the Queen got her bit of the heist, and left the remainder for the politicians in DC to cut up and parcel out bribes and kick-backs to the Territorial “states” and “counties” as “federal revenue sharing”. 

Are you angry yet?  Title to your home and land and businesses has all been stolen by these vipers, even your DNA and your name has been stolen and copyrighted by these vicious prigs for their own benefit. 

But there IS a remedy.  You get an authenticated STATE OF WHATEVER copy of “YOUR” BIRTH CERTIFICATE and shove it up their rear by writing a few things in red ink on it and sending Mr. Mnuchin a Notice of Fiduciary Relationship otherwise known as IRS Form 56.

And that is the end of JOHN MICHAEL DOE and all “HIS” bogus debts, which you have been forced to pay off all your life.  You have returned him whence he came and there can no longer be any presumption that you are knowingly, willingly, “voluntarily” playing this game in which you give them everything and receive nothing but their debts in return.

When “JOHN MICHAEL DOE” goes down the tubes, so does the JOHN M. DOE (bankrupt) Public Transmitting Utility set up by Mr. Obummer.  Be sure and tell Mr. Mnuchin that you want the entire “US CITIZENSHIP ORGANIZATION” liquidated and credited to The United States of America account without recourse. 

And what is the Red Writing that you need to apply to the authenticated BIRTH CERTIFICATE? 

Without disturbing the rivets connecting the BC with the fancy authentication certificate from the Territorial “State of” Secretary of State, you need to take a red ink pen and on the upper left hand corner of the BC print: Accepted by Drawee— by: Your Signature and the date. 

Then on the back print: Pay to the Order of the United States of America, U.S. Treasury. Without Recourse. by: Your Signature and the date.

Send a cover letter along with the IRS Form 56 “Notice of Fiduciary Relationship” to Mr. Mnuchin and instruct him to open your credit account using the Registered Mail Number used to send him your packet containing the Form 56 and the Authenticated BC as the account number. 

This credit is what is owed to you and your ancestors who were bilked.  When you do this, the so-called “National Debt” is offset by the actual National Credit.

The Internal Revenue Service is the agency responsible for returning your credit and titles to your land and all your other property and is also responsible for prosecuting the rats who promulgated the unlawful seizure of your private assets to pay their public debts.

Tell Mr. Mnuchin that your claim is indemnified under subrogation by Private Registered Indemnity Bond  AMRI00001 and Payment Bond AMRI00003 RA393427653US.

Send it all to Mr. Mnuchin via Registered Mail, keeping a copy and all receipts for your records.

An effort needs to be mounted to force the immediate issuance of credit cards related to these accounts to the people who have been defrauded and abused all these years so as to expedite their timely receipt of credit due and put a stop to any further false claims and inconvenience resulting from the continued billing of utility and other bills to JOHN MICHAEL DOE and JOHN M. DOE and whatever other fictions they can dream up and offer as voo-doo doll DEBTORS.

Mr. Trump and the members of the “Congress” need to be truly lit up with the news that this fraud is at an end.

As for all the rest, report it to the Internal Revenue Service.

In Foreclosure?  Facing criminal “charges”? 

These vermin have been double-dipping and robbing you and not reporting the “extra” income.  They’ve been making false claims on abandonment and seizing hidden escrow bond accounts held in your NAME.  They’ve been “securitizing” you as a slave, right down to your DNA and your name and selling “YOU” on the open market.

If you aren’t ready to spit, you surely ought to be.

The Roman Pontiff’s private Bill Collectors duded up and impersonating judges so as to provide “an appearance of justice” under “Federal Rules of Civil Procedure”—har, har, har!—-have been eating out your substance like moths for decades and not paying their taxes. 

Imagine that?

Sounds like the Internal Revenue Service ought to be notified. 

See this article and over 400 others on Anna’s website here:

www.annavonreitz.com

FRAUD

The Globalists Strike Back With A Major Push Toward A Cashless Society

February 18th, 2017 by

http://theeconomiccollapseblog.com/archives/the-globalists-strike-back-with-a-major-push-toward-a-cashless-society

Cashless SocietyBy Michael Snyder

Their agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up.  In fact, a major push toward a cashless society is being made in the European Union right now.  Last May we learned that the 500 euro note is being completely eliminated, and just a few weeks ago the European Commission released a new “Action Plan” which instructs member states to explore “potential upper limits to cash payments”.  In the name of “fighting terrorism”, this “Action Plan” discusses the benefits of “prohibitions for cash payments above a specific threshold” and it says that those prohibitions should include “virtual currencies (such as BitCoin) and prepaid instruments (such as pre-paid credit cards) when they are used anonymously.”

This new document does not mention what an appropriate threshold would be for member states, but we do know that Spain already bans certain cash transactions above 2,500 euros, and Italy and France already ban cash transactions above 1,000 euros.

This is a perfect way to transition to a cashless society without creating too much of an uproar.  By setting a maximum legal level for cash transactions and slowly lowering it, in effect you can slowly but surely phase cash out without people understanding what is happening.

And there are many places in Europe where it is very difficult to even use cash at this point.  In Sweden, many banks no longer take or give out cash, and approximately 95 percent of all retail transactions are entirely cashless.  So even though Sweden has not officially banned cash, using cash is no longer practical in most situations.  In fact, many tourists are shocked to find out that they cannot even pay bus fare with cash.

So most of Europe is already moving in this direction, and now this new Action Plan is intended to accelerate the transition toward a cashless society.  The public is being told that these measures are being taken to fight money laundering and terrorism, but of course that is only a small part of the truth.  The following comes from the Anti-Media

The European Action Plan doesn’t mention a specific dollar amount for restrictions, but as expected, their reasoning for the move is to thwart money laundering and the financing of terrorism. Border checks between countries have already been bolstered to help implement these new standards on hard assets. Although these end goals are plausible, there are other clear motivations for governments to target paper money that aren’t as noble.

In a truly cashless society, governments would be able to track where everybody is and what everybody is doing all the time.  And in order to have access to the cashless system, people would have to comply with whatever requirements governments wanted to impose on their helpless populations.  The potential for tyranny that this would create would be off the charts, but very few people seem greatly alarmed by the move toward a cashless system all over the globe.

Even in the United States there are calls for a cashless system.  For example, the former chief economist for the IMF wrote an article for the Wall Street Journal not too long ago in which he recommended the elimination of the $100 bill

“There is little debate among law-enforcement agencies that paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism. There are substitutes for cash—cryptocurrencies, uncut diamonds, gold coins, prepaid cards—but for many kinds of criminal transactions, cash is still king. It delivers absolute anonymity, portability, liquidity and near-universal acceptance.”

Over in Asia restrictions are being put on cash as well.  Legendary investor Jim Rogers commented on what is currently happening in India during one recent podcast

The time will come when you won’t be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.

“Governments are always looking out for themselves first, and it’s the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it’s about $4,000 in any cash transaction. In France you cannot use more than, I think it’s a €1,000,” said Rogers in an interview with MacroVoices Podcast.

The reason why this is taking place all over the planet is because this is a global agenda.

The globalists ultimately plan to completely eliminate cash, and this will give them an unprecedented level of control over humanity.

One thing that many fear may someday be implemented is some form of microchip identification system.  In order to access the cashless grid, you would need your “ID chip” so that the system could positively identify you, but of course there are millions of people around the world that do not intend to get chipped under any circumstances.

In the old days, you would be labeled a “conspiracy theorist” just for suggesting that they may try to chip all of us one day, but in 2017 things have completely changed.

Just look at what is happening in Nevada.  A bill has been introduced in the state senate that would outlaw the “forced microchipping of people”

State Sen. Becky Harris said a bill to prohibit forced microchipping of people is not as far-fetched as it might seem, because it happens in some places around the world.

Senate Bill 109 would make it a Class C felony to require someone to be implanted with a radio frequency identifier, such as microchips placed in pets.

The idea for the bill came from a constituent, the Las Vegas Republican said.

If that sounds very strange to you, then you may not know that companies all around the globe are already starting to explore this type of technology.  For instance, a company in Belgium called NewFusion has actually begun to microchip their employees

In a move that could be lifted straight from science fiction, workers at a Belgian marketing firm are being offered the chance to have microchips implanted in their bodies.

The chips contain personal information and provide access to the company’s IT systems and headquarters, replacing existing ID cards.

The controversial devices raise questions about personal security and safety, including whether they may allow the movements of people with implants to be tracked.

Technology like this often starts off being “voluntary”, but then after enough people willingly accept it the transition to “mandatory” is not too difficult.

We live at one of the most critical moments in all of human history, and the globalists are certainly not going to lay down and die just because Donald Trump won the election.

The U.S. represents less than five percent of the population of the planet, and in most of the world the agenda of the globalists is on track and is rapidly advancing.

The globalists want a unified one world economy, a unified one world religion and a unified one world government.  The election of Donald Trump was a blow to the globalists, but it has also made them more dangerous, more ruthless and more determined than ever before.

And in case you think that using the term “globalists” is a bit strange, the truth is that even the New York Times is using it to describe the global elite and their global agenda.

We are in a life or death battle for the future of our society, and the globalists are never going to give up until they get what they want.  So now is not a time for complacency, because the very future of our country is at stake.

Olddogs Comments!

There is no doubt in my mind that humanity has already been surreptitiously adjusted to accept annihilation. How else can one explain the nearly total lack of outrage? The apparent lack of interest in what the globalist intend to do to the whole planet is mind numbing. By any sense of concern for their future, humanity as a whole should be clamoring for their heads. Trump should be assembling a military strike on every globalist wherever they are. It’s not like there is no proof what they have done and their goals, so why is the whole damn world sitting on their ass?

What Will Trump Do About the Central Banking Cartel?

February 16th, 2017 by

https://mises.org/blog/what-will-trump-do-about-central-bank-cartel

by Thorsten Polleit

The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.

The world is effectively on a US-dollar-standard, and the US Federal Reserve (Fed) has risen to the unofficial status of the world’s central bank. The rise of the Greenback has to a large extent been propelled by international banking, which has basically “dollarized” in terms of its lending and issuing activities.

The Fed Sets Global Policy

The Fed’s policy not only determines credit and liquidity conditions in the US, but does so in many financial markets around the world as well. For instance, movements of long-term US interest rates regularly have effects on credit and equity markets in, say, Europe and Asia. The Fed’s actions are the blueprint for monetary policymaking in many countries around the world.

The graph shows the Fed’s supply of newly created US dollar liquidity sent to other central banks around the world. It also shows the so-called “euro cross currency basis swap,” which can be interpreted as a “stress indicator”: If it drops into negative territory, it means that euro banks find it increasingly difficult to obtain US dollar credit in the free market place. The Fed’s injection of new US dollar balances into the financial system has helped to reduce the euro currency basis swap. Since late 2016, however, it has started to venture again into negative territory — potentially signaling that euro banks are again heading for trouble.

CENTRAL BANKING

The financial and economic crisis 2008/2009 has increased further the dependency of the world’s financial system on the US dollar. As early as December 2008, the Fed provided so called “liquidity swap agreements.” Under the latter the Fed is prepared to lend newly created US dollars to other central banks around the globe.

For instance, the European Central Bank (ECB) can obtain US dollars from the Fed and lend the funds on to shaky domestic banks in need for US dollar funding. In other words: Liquidity swap agreements can easily replace foreign currency funding in the market place by foreign currency credit provided by central banks.

Meanwhile, all major central banks around the world — the European Central Bank, the Bank of Japan, the Chinese central bank, the Bank of England, and the Swiss National Bank — have joined the liquidity swap agreement club. They also have agreed to provide their own currencies to all other central banks — in actually unlimited amounts if needed.

It is no wonder, therefore, that credit default concerns in financial markets have declined substantially. Investors feel assured that big banks won’t default on their foreign currency liabilities — as such a credit event is considered politically undesirable, and central banks can simply avoid it by printing up new money.

Moving Toward a Worldwide Central Bank

The close cooperation and coordination among central banks under the Fed’s tutelage amounts to an international cartelization of central banking — paving the way toward a single world monetary policy run by a yet to be determined single world central bank. Such a development is, or course, in the very interest of those in favor of establishing a single world government.

How will President Donald J. Trump and his administration deal with the cartelization in central banking? Mr. Trump doesn’t seem to be an “internationalist,” seeking to build a new world order by political and military means. If that is so, he will sooner or later have to come to grips with the Fed’s policies — most notably with its liquidity swap agreements.

The Fed’s policy has made the world’s financial system addicted to ever greater amounts of US dollars, easily accessible and provided at fairly low interest rates. From this the US banks benefit greatly, while average Americans bear the brunt: they pay the price in terms of, for instance, boom and bust and an erosion of the purchasing power of the US dollar.

What Trump Should Do 

If the Trump administration really wishes to live up to its campaign promise “Make America great again,” there is no way of getting around addressing Fed policy. A first step in that direction is the idea to subject the US central bank to public scrutiny (“Audit the Fed”), bringing to public attention the scope of the Fed’s interventions into the world’s banking system.

Of course, the liquidity swap agreements in particular can be expected to be heavily defended by central bankers, bank representatives, big business lobbyists, and mainstream economists as being indispensable for financial system stability. And for sure, a sudden withdrawal from this practice would almost certainly deal a heavy blow to financial markets.

If push comes to shove, it could even make the worldwide credit pyramid, built on fiat money, come crashing down. However, the really important argument in this context is that the continuation of the practice of central bank cartelization will eventually result in a despotic regime: and that is a single world fiat currency regime.

Of course, change for the better doesn’t come from politics. It comes from better ideas. For it is ideas that determine human action. Whatever these ideas are and wherever they come from: They make humans act. For this reason the great Austrian economist Ludwig von Mises (1881 – 1973) advocates the idea of the “sound money principle”:

The sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle with the currency system.[1]

Mises also explains convincingly the importance of the sound money principle for each and every one of us:

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right.

Mises’s sound money principle calls for ending central banking once and for all and opening up a free market in money. Having brought to a halt political globalism for now, the new US administration has now also a once in a lifetime chance to make the world great again — simply by ending the state’s monopoly of money production.

If the US would move in that direction — ending legal tender laws and giving the freedom to the American people to use, say, gold, silver, or bitcoin as their preferred media of exchange — the rest of the world would most likely have to follow the example. That said, Mr. Trump could really make a real change, simply by embracing Mises’s sound money principle.

Dr. Thorsten Polleit, Chief Economist of Degussa, Honorary Professor at the University of Bayreuth, and Partner of Polleit & Riechert Investment Management.


And banks feel that they currently have TOO MUCH capital…

CENTRAL BANKING

By Simon Black

In a scathing editorial published in the Wall Street Journal today, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, blasted US banks, saying that they still lacked sufficient capital to withstand a major crisis.

Kashkari makes a great analogy.

When you’re applying for a mortgage or business loan, sensible banks are supposed to demand a 20% down payment from their borrowers.

If you want to buy a $500,000 home, a conservative bank will loan creditworthy borrowers $400,000. The borrower must be able to scratch together a $100,000 down payment.

But when banks make investments and buy assets, they aren’t required to do the same thing.

Remember that when you deposit money at a bank, you’re essentially loaning them your savings.

As a bank depositor, you’re the lender. The bank is the borrower.

Banks pool together their deposits and make various loans and investments.

They buy government bonds, financial commercial trade, and fund real estate purchases.

Some of their investment decisions make sense. Others are completely idiotic, as we saw in the 2008 financial meltdown.

But the larger point is that banks don’t use their own money to make these investments. They use other people’s money. Your money.

A bank’s investment portfolio is almost entirely funded with its customers’ savings. Very little of the bank’s own money is at risk.

You can see the stark contrast here.

If you as an individual want to borrow money to invest in something, you’re obliged to put down 20%, perhaps even much more depending on the asset.

Your down payment provides a substantial cushion for the bank; if you stop paying the loan, the value of the property could decline 20% before the bank loses any money.

But if a bank wants to make an investment, they typically don’t have to put down a single penny.

The bank’s lenders, i.e. its depositors, put up all the money for the investment.

If the investment does well, the bank keeps all the profits.

But if the investment does poorly, the bank hasn’t risked any of its own money.

The bank’s lenders (i.e. the depositors) are taking on all the risk.

This seems pretty one-sided, especially considering that in exchange for assuming all the risk of a bank’s investment decisions, you are rewarded with a miniscule interest rate that fails to keep up with inflation.

(After which the government taxes you on the interest that you receive.)

It hardly seems worth it.

Back in 2008-2009, the entire financial system was on the brink of collapse because banks had been making wild bets without having sufficient capital.

In other words, the banks hadn’t made a sufficient “down payment” on the toxic investments they had purchased.

All those assets and idiotic loans were made almost exclusively with their customers’ savings.

Lehman Brothers, a now-defunct investment bank, infamously had about 3% capital at the time of its collapse, meaning that Lehman used just 3% of its own money to buy toxic assets.

Eventually the values of those toxic assets collapsed.

And not only was the bank wiped out, but investors who had loaned the bank money took a giant loss.

This happened across the entire financial system because banks had made idiotic investment decisions and failed to maintain sufficient capital to absorb the losses.

Nearly a decade later, Kashkari says that banks still aren’t sufficiently capitalized.

(He also points out that banks today are obsessed with pointless documentation and  seem “unable to exercise judgment or use common sense.”)

The banks themselves obviously don’t agree.

As Kashkari states, banks feel that they currently have TOO MUCH capital.

Bizarre. They’re basically saying that they want to be LESS safe, like a stunt pilot complaining that his helmet is too sturdy.

I’ve written about this many times– the decision for where to hold your savings matters. It’s important.

In addition to solvency and liquidity concerns, there are a multitude of other issues, like routine violations of the public trust, collusion to fix interest and exchange rates, manipulation of asset prices, and all-out fraud.

(I personally got so fed up with our deceitful financial system that I started my own bank in 2015 to handle my companies’ financial transactions. More on that another time…)

Yet despite these obvious risks, most people simply assume away the safety of their bank.

They’ll spend more time thinking about what to watch on Netflix than which bank is the most responsible custodian of their life’s savings.

There are countless ways to figure this out, but here’s a short-cut: much much “capital” or “equity” does the bank have as a percentage of its total assets?

These are easy numbers to find. Just Google “XYZ bank balance sheet”.

Look at the bottom where it says “capital” or “equity”. That’s your numerator.

Then look above that number to find total assets. That’s your denominator.

Divide the two. The higher the percentage, the safer the bank.

Kashkari thinks the answer should be at least 20%, especially among mega-banks in the US.  

Until tomorrow, 

Simon Black

Founder, SovereignMan.com

Blacksmith Global Ltd.

Publisher of Sovereign Man

30 Cecil Street #19-08

Singapore, Singapore – No State 049712

Singapore 

CENTRAL BANKING

 

 

 


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