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WILL AMERICA SURVIVE?

February 29th, 2012 by

 

http://www.newswithviews.com/Walter/paul104.htm

 

By Paul Walter
February 29, 2012
NewsWithViews.com

[Note: This article appeared as a full page ad in the Grants Pass “Daily Courier” newspaper on Saturday, January 28, 2012]

WHY I LOVE AMERICA

I immigrated to the United States with my family when I was 15 years-old. I was in awe to find a country where you could be anything you wanted to be as long as you were honest, moral and hard-working. This wasn't possible in the communist country from which my parents and I had escaped. There, government control was from the cradle to the grave. They kept the people poor, and controlled, while the aristocrats and politicians (gov't.) were living high on the hog with big benefits and salaries. They policed our every move and restricted our God-given freedoms.

America was the light of the world and it gave hope to the oppressed.

Now, there are forces at work destroying our nation, and our individualism for the sake of the world's collectivism. I'm not just talking about Obama; he is a minute player in the grand scheme of this fast approaching New World Order. Our very culture is being threatened; our way of life; our liberties; and the legacy that we are leaving our children, and theirs, is one of indentured servitude to a government that has wildly swung from being representative by design to being dictatorial in practice.

For the past 20 years I have been accurately predicting and fighting against what is now right around the corner. Sadly, this year, 2012, could be the last for this great nation. However, I owe a lot to this country and I will stand by my beliefs and fight to save my beloved America.

Why am I so seemingly fanatic about trying to save our country? It's simple… I know better than to let it travel down the path of socialism to communism, and if you had lived under the yoke of communism as I did, you wouldn't want it either.

WHAT'S COMING?

Our country is teetering on a precipice about to fall completely away from the limited government upon which this country was founded, to being that of a truly communist country.

1. Starvation of Biblical proportions through contrived food shortages. 
2. Under the National Defense Authorization Act (NDAA), anyone who bucks the New World Order mentality of the government can be considered an enemy combatant.
3. Check points on the freeways to check your papers. We have already seen the start of this with the TSA check points – not just at airports but on buses, trains, and highways as well. 
4. Censorship of the news and internet. 
5. “Smart” meters will be placed on every home to control your utility consumption – including meters on wells. They have already begun installing “Smart” meters under the guise of “efficiency.” There is already a lot of information concerning these machines – not to mention lawsuits. Read Devvy Kidd’s column, “Update: My fight against the ‘smart’ meter.”
6. The federal government will further control our foods, natural medicines and vitamins. They will dictate what we can and cannot eat, drink, smoke, say, and do. Several health-food store owners in California already face jail time for the “crime” of selling safe, healthy life-promoting, raw unpasteurized milk.
7. Public schools will be used to indoctrinate your children into global citizenship as well as being used in the future as centers to reeducate the masses.
8. Government will encourage the public to spy on and report their neighbors for any “suspicious” behavior.
9. Those who have prepared for hard times will legally be considered hoarders. Recent legislation establishes guidelines for law enforcement to be sent in to confiscate their food.
10. Class and race warfare will be pushed in order to gain further control over the population.

The socialists in government are counting on the loyalty of the police and military to enforce these draconian and unconstitutional edicts. Stalin got the loyalty of his police and army. Hitler got it, too. A good example is Syrian dictator Bashar al-Assad's police are following his orders killing their own citizens to keep their dictator that signs their paycheck in power. A dictator can not be a dictator by himself, he has to have loyal followers. Will the “new” America get their support?

We hope these men and women who have sworn to protect us will see that by doing what is morally right, and standing with their fellow citizens, it will help ensure the future of our country.

HOW DID WE ARRIVE IN THIS MESS?

For most local and state elections there is only a 35-40% voter turnout. The majority of the public doesn't even bother to vote, taking freedom for granted. Good people become bad citizens when they don't vote.

Instead of doing research and selecting the best candidate most keep voting for who is the most charming, best looking and the smoothest talker, or who gets the most coverage by the biased mainstream media. We end up voting-in candidates who don’t know what it means to represent their constituents; instead they end up representing the special interests that paid for their media coverage!

 

As we all saw on the news recently, 100k Russian people stood out in sub-zero weather demanding honest elections. Here in America, where people are free, people tolerate injustice and keep repeatedly voting-in the same scoundrels.

Be it Republican or Democrat at the highest levels, it makes little difference because they no longer work for the good of the American people. Instead they've all sold out to Goldman-Sachs and the Military-Industrial-Pharmaceutical complex.

SOLUTIONS

1. Demand that our representatives hold true to their sworn oath of office, and uphold the Constitution.
2. Educate yourself on each candidate before voting for the most popular or best looking.
3. Get out and vote.
4. Hold all politicians accountable and get involved in public meetings.
5. Go to the web site www.newswithviews.comand sign-up for the free e-mail alerts.

This November’s election will go down in history as the most important our country has ever held and the hour is getting late. We only have a limited time to act, but I believe so much in this country and its people, that I know we can do it.

© 2012 Paul Walter – All Rights Reserved


Paul Walter escaped the slavery of communism at the age of 14 with his family in 1956 and immigrated to United States (legally) in 1959. He served 3 years in the U.S. Armed Forces, was honorably discharged and became a U.S. citizen in 1965. Owner of Walter Publishing & Research, Inc., he republished a 100 year old book titled:The Coming Battlethe true history of our national debt. The book is currently in its 5th printing.

E-mail walter18@earthlink.net

 

OLDDOGS COMMENTS

 UNEXPLAINABLE INEXCUSABLE

 

Keep this circulating until SOMETHING is DONE

UNEXPLAINABLE, INEXCUSABLE
I challenge you to read this and NOT have the will to pass it on to your 20+ No one has been able to explain to me why young men and women serve in the U.S. Military for 20 years, risking their lives protecting freedom, and only get 50% of their pay. While Politicians hold their political positions in the safe confines of the capital, protected by these same men and women, and receive full pay retirement after serving one term. It just does
not make any sense.
Monday on Fox news they learned that the staffers of Congress family members are exempt from having to pay back student loans. This will get national attention if other news networks will broadcast it. When you add this to the below, just where will all of it stop?
 
35 States file lawsuit against the Federal Government
 
Governors of 35 states have filed suit against the Federal Government for imposing unlawful burdens upon them. It only takes 38 (of the 50) States to convene a Constitutional Convention.
 
 
This will take less than thirty seconds to read. If you agree, please pass it on.
 
This is an idea that we should address.
 
For too long we have been too complacent about the workings of Congress.
Many citizens had no idea that members of Congress could retire with the same pay after only one term, that they specifically exempted themselves from many of the laws they have passed (such as being exempt from any fear of prosecution for sexual harassment) while ordinary citizens must live under those laws. The latest is to exempt themselves from the Healthcare Reform… in all of its forms. Somehow, that doesn't seem logical. We do not have an elite that is above the law. I truly don't care if they are Democrat, Republican, Independent or whatever.. The self-serving must stop.
 
 
If each person that receives this will forward it on to 20 people, in three days, most people in The United States of America will have the message.. This is one proposal that really should be passed around.
 
 
 Proposed 28th Amendment to the United States Constitution: "Congress shall make no law that applies to the citizens of the United States that does not apply equally to the Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply equally to the citizens of the United States ." >
 
 You are one of my 20+

 

 "If you choose not to decide ~ you still have made a choice"

Totalitarianism

 

 

Federal Reserve is a Cache of Stolen Assets

February 28th, 2012 by

 

http://www.batr.org/totalitariancollectivism/100911.html

As long as the private banksters create money from nothing, i.e. legalized counterfeiting, and hide behind the shield of corporation personhood, LLC liability exemption and government guaranteed loans, expropriating from THE PEOPLE and again passing their liabilities on the taxpayers, the ordinary family will continue to be reduced to perpetual and permanent poverty.

http://www.batr.org/totalitariancollectivism/100911.html

Totalitarian Collectivism

Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of sovereignty of Parliament and of democracy is idle and futile… Once a nation parts with control of its credit, it matters not who makes the nation’s laws… Usury once in control will wreck any nation.

William Lyon Mackenzie King

Federal Reserve is a Cache of Stolen Assets

The American Revolution, in no small part, was a repudiation of the central banking tyranny exported to the New World by the Bank of England. Few legacies have grown more despotic than the consequences of living under the rule of fractional reserve banking. Many good willed conservatives understand that the system is imploding. Some envision a second American Revolution that expels the remnant Tories that have hijacked our Federalism separation of powers form of government. Woefully, the prospects for a States Rights revolt are slim. However, the scenario of a domestic French Revolution style carnage is brewing with every escalation of the pompous arrogance worthy of a Jean-Joseph, marquis de Laborde or the manipulative usury of the House of Rothschild.

The eruption of populist outrage is long overdue. The lack of objective mainstream media coverage is expected. Their attempt to spin the natural disguise for a corrupt establishment in the hearts of sincere and persecuted citizens is typical. The elite’s message is that they will either control the movement, or at the very least, strip it from any positive synergism. Send in the clowns, like Michael Moore. Wall Street Capitalism: A Love Affair explains the hideous agenda of the clueless socialists that condemn all things Wall Street, while advancing the ultimate goals of the New World Order globalists.

Street theater no longer is enough. The peasants are rallying their pitchforks, as they storm the Bastille; however, they got their GPS coordinates wrong. The correct address is 33 Liberty Street, New York, NY. That is the location of the dominate Federal Reserve temple. When the public finally comes to grips with the real cause of the unsustainable debt, they will understand that the private central banking system bears the ultimate redress for their sins against America and all humanity.

A Privatised Money Supply, presents an informative analysis.

Assuming a reserve ratio of 1:10 [i.e. all commercial banks must have the reserve ratio on deposit at the private central bank, the mother of all banks] the table below shows how $100 of private central bank created money (GCM), i.e. cash, is used by the rest of the private banking system to create $900 of interest-bearing bank-created money (BCM) in the form of loans. The reserve ratio is the ratio of cash reserves (GCM) to deposits (mostly BCM). In our example the banking system consists of 50 banks, but the money creation process would be essentially the same for any number of banks from one to infinity.

Modern accounting uses double entry book keeping where liabilities and assets are kept exactly equal. A bank’s liabilities are its deposits. Its assets are its loans (including government bonds which are loans to government of money created from nothing by both the private central banksters and the private commercial banksters) and its cash reserves. Here is how the banking system creates money. In column 1 $100 of cash is deposited in Bank 1. Bank 1 creates a $90 loan in the form of a deposit as shown in column 2. This deposit is pure BCM and, because it must be paid back with interest, is an asset. With a reserve ratio of 1:10 the bank puts aside $10 in cash (column 3) to meet cash demands from the person who deposited the $100. The remaining $90 in cash covers the $90 loan. The borrower proceeds to write cheques on his $90 deposit and these cheques get deposited in Bank 2. For these cheques Bank 2 demands and gets cash from Bank 1 until eventually all $90 ends up in Bank 2. (Naturally in real life more than two banks are involved. Thus the transactions are not so simple and orderly as they must be here for explanatory purposes, but everything comes out in the wash to give exactly the same result.) However the original $100 deposit still stands to the credit of the depositor (a liability for Bank 1) even though $90 of it has moved on to Bank 2. And the $90 loan Bank 1 created when it first received the original $100 deposit also stands (an asset for Bank 1). Banks 2, 3, 4, etc. then repeat this process eventually creating $900 of BCM in the form of loans (as shown in column 2) and dispersing the original $100 as cash reserves throughout the banking system (as shown in column 3).

Note that $900 of the $1000 of deposits in column 1 is BCM, i.e. credit created by the banks in the form of loans. (Banks make loans by "depositing money" in your account which you must pay back with interest. Thus they are loan/deposits.) Only the original $100 cash deposit is GCM. One other point. As a loan/deposit gets spent, a deposit in some other bank grows in inverse proportion. Thus the banks have increased the money supply by $900 and not by $1800. That would be double counting. The important points, however, are as follows: this ingenious system is called fractional reserve banking; it creates debt for the sole purpose of enriching the banking class; it is a subtle form of theft; historically it was condemned as a form of usury.

 

 

Column 1

 

Column 2

 

Column 3

 

LIABILITIES

 

ASSETS

 

ASSETS

 

Deposits (90% BCM)

Loan/Deposits (100% BCM)

 

+

Cash Reserves (100% GCM)

Bank 1

Bank 2

Bank 3
     .
     .
     .

Bank 49

Bank 50

Totals

$100.00
  90.00
  81.00
.
.

0.64

0.57

$994.85             

 

$90.00
  81.00
  72.90
.
.

0.57

0.52

$895.36             

 

$10.00
  9.00
  8.10
.
.

0.6

0.6

$99.43             

Max Amount

$1000.00             

=

$900.00          

+

$100.00            

 

This method of theft operates as the normal course of business. What the banksters do with the money they obtain from debt created money is even more repulsive. All the financial speculative instruments of leveraged trading just compound the heist. So what do these outlaws do with all the money?

The end net result is that they buy, especially at rock bottom prices, all the real assets that the filthy money can purchase. When you think of Wall Street greed, go beyond the usual suspects and focus on the controllers of the assets that are under the hegemony of the central bank. Here lies the reason why the rebellion must remove the engine of enslavement from the landscape for any future financial system of commerce.

Think about who really owns the land, the buildings and the resources in our country. In order to really understand the scope and extent of the economy, the differential between actual Main Street enterprise, that feeds, clothes and shelters the population, is minuscule when compared to the financial assets, both liquid and real property, that is under the command and control of the central bank.

Most individuals do not own property encumbrance free. Most debt is owed to the banksters. The middle class is in a tailspin because the Fed has a zero interest rate policy that effectively diminished your return on capital of your savings to nothing. The same is not true for the banks. The fact that they have in excess of a 2 Trillion Dollars cash hoard on their balance sheets and refuse to lend out money to the general public, demonstrates that the inside money is waiting to pick up even more real assets, when the signal comes for the total collapse.

TARP, QE2 and the Twist are all ploys to enrich the selective banks that are part of the orthodox Fed fraternity. Technically all federal charted banks have an ownership interest in the Fed. Who among us are so naive to think that every bank is equal to the sacredly held corporate interlocking directorates that make and direct monetary policy?

Only when the middle class takes to the streets with a spontaneous civil disobedience commitment that dwarfs the Tea Party movement, will the central banking tyranny be eliminated. All the fraudulent debt that funded the asset acquisitions of crooks must be clawed back. As long as the banksters hide behind the shield of corporation personhood, LLC liability exemption and government guaranteed loans, the ordinary family will continue to be reduced to perpetual and permanent poverty.

What kind of revolution is coming to America? The lesson of the French élan of bloodletting to remove an aristocratic class is not pretty. However, a national discussion needs to concentrate on:

1) Methods of eliminating the Federal Reserve fraud and restoring an honest money system for commerce

2) Repudiation of the corporatist "Free Trade" global business model and a return to a merchant class free enterprise independent domestic economy

3) Confiscation of assets and wealth acquired through illegal systematic RICO style schemes that demand treble damages from their ill-gotten gain

Americans deserve property right protections from the criminal extortion and the cold-blooded offenses that the banksters used, to steal the national wealth. The expanding protest must result in a true restoration of a traditional upwardly mobile society, not an expanded nanny state. The suffocating debt and the profane system that spawned it must end. The term "Citizen" does not apply to elitist plutocrats. If Americans want to stave off a 21st century version, of the Committee of Public Safety, get behind the "Revolt against the Fed". Tear down the House of Rothschild. This is one time the concept of "Reparations" has standing in a legitimate court of law.

OLDDOGS COMMENTS

Just between you, me, and the outhouse, when you consider that there are very few honest judges left in America, and in particular I am referring to the Georgia judge who refused to indict Obama for contempt of court. Also, the fact that the Bankers now own our National and most State Governments, and our Military, I see very little possibility of anything less than an outright rebellion making any progress in stopping the Bankers. Now couple this with the fact that at least half of our citizens actually support fractional reserve banking. So, along with being at war with the governments of the United States, we would also be in a civil war. Conclusion: We who demand honest currency for a better life, will have to be willing to die to obtain it for our posterity. Our young brain washed soldiers have no problem with a willingness to die in intentionally provoked wars, what would it take for we who are aware to be willing to die?

 

CORRUPT BANKING

 

 

Will The Real Economic Hit Men Please Stand Up?

February 25th, 2012 by

 

http://www.scoop.co.nz/stories/HL0503/S00090.htm

Distribution via the Unanswered Questions Wire 
http://www.unansweredquestions.org/ .

                                                                                 

                                                                                

GOVERNMENT CORRUPTIONWill The Real Economic Hit Men

Please Stand Up?

Meditations on 9/11 Truth
by Catherine Austin Fitts 
(c) From The Wilderness Publications
See also… Solari Teleseminars
http://www.solari.com/outreach/telesem/

 

[ INTRODUCTION FROM FTW EDITOR MIKE RUPPERT: Many people have asked me what I thought about the recently popularized book Confessions of an Economic Hit Man and I have held my tongue because I just didn't have time to do the brilliant deconstruction of the book's "limited hangout" approach performed here by Catherine Austin Fitts. In this article the former Assistant Secretary of Housing and past managing director of Dillon Read brings us face to face with the horrors for which we all share a measure of responsibility. Those who would have us work through and affirm the current system don't want these horrors to be seen, because any recognition of them leads on to other realities that are darker still. Fitts also makes clear the point that I was making in Seattle which has been so widely misrepresented.

There are no real avenues left for 911 activism in the traditional sense of the word. The election is over. All three 9/11 suits (Hilton, Mariani and the Saudi case) have been dismissed or morphed as I said they would be. Congress has shown and will show no courage. The 9/11 Commission (totally compromised) has closed its doors. The Justice Department (part of the 9/11 plot) will do nothing. The courts are compromised and the mainstream media (also part of the crime) has moved on. NY Attorney General Elliot Spitzer has yet to do anything with the 9/11 material he has received, remaining quiet in order to protect his bid for the NY state house.

But there are new channels of real accountability that can change the world, if 911 activists can persuade activist communities to understand the realities of economic warfare and to begin to promote marketplace strategies. Real headway can be made if we withdraw our deposits, purchases, investments and attention from media, banks, companies and investors complicit in 911 and war profiteering and cover up. These marketplace strategies can dovetail with other innovative tactics, building financial constituencies to support the rule of law. What would Elliot Spitzer do if millions of New Yorkers threatened to withdraw all of their money from the large New York Federal Reserve banks unless he moved forward with an investigation? What would happen if hundreds of thousands of New Yorkers cancelled their subscriptions to the New York Times in protest over the lies of 911?

There is still a great deal to learn from 9/11 that can proactively help individuals to read the real map of the world and make a difference in their own lives. This involves a fundamental change of approach: the old, futile course of action asks citizens to go hat in hand to government and corporate interests to make them change (an impossibility), while the new approach says that if the citizens themselves change enough within, that change can shift markets while there is still time to make some difference in the outcome for individual lives. In other words, one approach tries to convince us that the right path is to get someone else (with no interest in doing so) to save us and the other says that we must accept the responsibility for saving ourselves and gather and exercise the real power we have and have not yet used.

Which makes more sense to you? – MCR]

*************

Economic Hit Men

A "limited hangout" is a partial confession, a mea culpa, if you will, that leaves the essence of a crime or covert reality hidden. Because it includes some small part of the truth, the limited hangout is irresistibly attractive to dissidents and political critics whose thirst for such truth makes them jump at the dangled scraps. Once the system's watchdogs are busy chewing on the limited hangout, the guilty players can go about their illegal business for a new round of unaccountable, semi-secret mayhem.[1]

If you want to see an excellent limited hang out at work, pick up a copy of the John Perkins' bestselling Confessions of an Economic Hit Man. In his limited hangout confession, Perkins describes his career from 1971 to 1981 as a highly paid professional who helped defraud Third World countries by helping syndicates make uneconomic loans as a means to facilitate the eventual takeover of those economies by elite and corporate interests.

Greg Palast, Anne Williamson and other first-rate investigative journalists have brilliantly documented instances of such economic warfare against sovereign governments and national economies – where nations are taken over with their own money, in much the same way as a corporate raider takes over a company through leveraged buy-out. I have documented a similar process in US communities and mortgage markets. In writing about this process, I use the concept of an "economic tapeworm" to explain the negative return on investment financial system that operates globally and relies on economic and military warfare to finance and subsidize itself.[2]

The phenomenon that Perkins writes about is well known. But his personal "how to" account of an economic hit pertains to an apparently cold case, far in the financial past. While this story is very instructive for those who have not yet dealt with professional fraudsters or been targeted by economic warfare [3] (whether in the Third World or in the First World nations) it is even more instructive for its omissions – and for its timing as an apologia intended, we are led to believe, somehow to assuage guilt for harm done: it relates to events occurring twenty-five or thirty years ago, involving players who are, for the most part, dead or retired from the business of economic warfare and companies that have morphed into later incarnations.

In the process of providing a colorful account of a 1970s whodunit (complete with low tech strategies devoid of the dazzling technology toolkit that is now an essential part of the economic hit man's weaponry of economic warfare), Perkins delivers to readers the "big lie": he reveals the secret that there is no greater conspiracy. This is simply globalization run amok, he would have us believe. Somehow, this particular conspiracy theory seems charmingly credible as part of a "confession." Perkins admits to what is known and then uses the credibility created by his "limited hangout" to further obscure the reality of who's who in the real governance of global investment and risk management. We are to presume that the investment networks in and around the Harvard Corporation, the City of London, the Vatican and investment managers and bankers for the proceeds of transnational organized crime are simply good-hearted fellows who let things get out of hand.

Nowhere does Perkins introduce the notion that cartels in a "New World Order" (the phrase coined and promoted by George H. W. Bush) use covert manipulation of the global financial system to centralize and concentrate economic and political power. Assassinations by "jackals" aside, Perkins barely hints that for fifty years the US military-industrial complex has been developing and testing powerful black budget technology, satellite and other invisible weaponry and surveillance technology and insider-trading tools behind the veil of national security secrets. Indeed, it was the need for a means of financing black budget operations and weaponry outside the view and control of Congress and the appropriations process – rather than the mere pursuit of corporate profits – that provided the political air cover for Perkins to do what he did as his covert counterparts marketed drugs in American and Third World communities alike.

It's an old rule of economics. Sources and uses need to be in one integrated financial statement to understand an enterprise. In Perkins' world, we are never quite clear who got what cash and in what amounts when all was said and done. Which means someone gets to keep the money and remain socially acceptable – and we remain clueless as to who was really running things two decades ago.

*************

Economic Warfare in the 21st Century

The power of Perkins' book as a limited hangout can be understood by observing the sales, support and kudos in mainstream media it has achieved while the leading books on 9/11[4] , arguably the most significant economic hit in US history,[5] have had a much harder time garnering attention. The message seems to be that economic warfare is something that the corporate mainstream will acknowledge, but only so long as it is low tech, long ago, and far away.

Understanding and facing the economic warfare responsible for slowly poisoning us and our families and wiping out our retirement savings is a complex and very scary undertaking in comparison to Perkins' concerned confessions. Perhaps we prefer to disassociate from our present circumstances, live in a perpetual state of cognitive dissonance, and focus on the study of yesteryear.

Complex and scary as it may seem, the growing body of evidence makes a compelling case that officials of the US government, its contractors and the military abetted the 9/11 attacks. With the help and complicity of the US Congress and corporate media, they are engaged in the most profitable war and enforcement profiteering in history. This is a terrifying picture to contemplate.

Look how tough it has been for New Yorkers, the constituency most adversely affected by the 9/11 tragedy. A recent Zogby poll indicates that 49.3 percent of residents of New York City hold the opinion that officials "knew in advance that attacks were planned on or around September 11, 2001, and that they consciously failed to act." Yet, despite this widespread conviction and the mounting evidence that sustains it, no serious support has developed for the November 2004 citizens' complaint requesting that Elliot Spitzer, the Attorney General of New York, finally open a criminal investigation into the tragedy.

Although fifteen NYC legislators have also called for such an inquiry, there has as yet been no effort locally to hold the New York Senate and Congressional delegations accountable for failing to hold the executive branch responsible for its failure to perform, or for its potential complicity. While the New York firemen booing Hillary Clinton off the stage at the 911 Concert was a start, the sentiment expressed has not translated into political action or market action. How many New Yorkers have cut off their subscriptions to, ads in or investments in the stock of the New York Times when the Times helped to facilitate the 9/11 cover-up by failing to ask probative questions or hold officials accountable?

The problem the average New Yorker has is the same that we all face – our complicity is deep. We have an entire economy and culture financially dependent upon too many things that harm people and the environment. This is not new. Only the possibility that the war machine is blowing up thousands of middle class Americans in American office buildings in broad daylight is new.

The fact that the Bushes and the Clintons are on the same team – and have been since their alleged Iran-Contra partnership in an airport operation in Mena, Arkansas involving the transshipment of cocaine destined for the streets of America – is not something that most Americans have yet incorporated into our political equation.

The fact that current financial and commodity markets "clear" not through the operation of changes in price generated by the legitimate free market expression of supply and demand but rather by blowing up American office buildings and the people and legal documents in them is not something that most Americans saving for retirement or financing a home have incorporated as risks in developing an investment strategy.

We cannot fathom that economic warfare is now conducted using high tech software weaponry to silently invade the privacy of our banking and purchasing relationships, our comings and goings, and the details of our work and home lives. Nor have we incorporated this realization into our decisions about who we share our lives with and what we say and do behind closed doors.

The illumination of the truth of 9/11, however, could change most Americans' paradigms and transactions in powerful ways. It could certainly fuel an increase in demand for precious metals, alternative energy and local self-sufficiency.

***************

The Strong Dollar Policy

In the mid-1990s, the Clinton Administration, led by an economic team comprised of Robert Rubin, Lawrence Summers and Franklin Raines, instituted something called the "strong dollar policy." This policy was maintained by the Bush Administration, which held over in the first term many of the key players in policymaking positions, including George Tenet, Jerry Hawke (Comptroller of the Currency 1998 – 2004) and Charles Rossotti (45th Commissioner of the IRS).

The smoothness of the transition between administrations ostensibly led by political parties in opposition to each other belies the ruse and underscores the strategic nature of the centralization of economic and politic power under way.

While the game of trying to figure out what in the world the strong dollar policy really is has gotten increasingly Orwellian,[6] the basics are pretty simple. We have kept the dollar's value high relative to other currencies – and far above what fundamental economics would warrant – by asking the consumer and taxpayer to shoulder extraordinary and rising levels of debt financed by increasing amounts of dirty money. This has enabled elites to move off shore and into private hands virtually all the real financial equity in the country. The US is not alone in experiencing "disappearing equity" – it is part of a global equity-centralizing and asset-control process.

The strong dollar policy was characterized by a series of financial and market manipulations:

Four Secretaries of the Treasury refused to produce audited financial statements and reported a total of $4 trillion in "undocumentable adjustments";[7]

The Clinton and Bush Administrations rejected policies that would build American productivity and employment[8] in the face of the plan to move employment abroad while permitting the growth of debt and immigration quotas at home;

The Clinton and Bush Administrations promoted federal credit policies that turned American homes into ATM machines and led to a mortgage market characterized by increasing levels of fraud;

The Clinton and Bush Administrations in concert with the central banks (most notably the Federal Reserve) and bullion banks (including JP Morgan-Chase, Citibank and Goldman Sachs) manipulated the gold and silver markets to suppress the price of precious metals while large inventories were moved out of governments and central bank accounts worldwide and into private hands;

US pension funds and 401k and IRA retirement savings accounts lost value by waves of accounting and other financial frauds at widely held corporations (such as Enron, Worldcom and Tyco);

US Congress and regulatory agencies like the Securities and Exchange Commission adopted corporate controls, ostensibly to protect investors from further acts of corporate fraud, that operate as a subtle form of capital control, limiting the ability of entrepreneurs on Main Street to raise capital in financial markets;

Military force was used to ensure that global investors would continue to purchase US Treasury and mortgage agency securities and the US dollar would prevail as the currency of international choice;

The federal budget, federal credit, and federal contracting were operated to favor corporate profit making at the cost of small business and labor productivity;

US Treasury and Federal Reserve market intervention was used to ensure low cost of capital for favored global corporations; and,

The types and amounts of outstanding financial derivatives exploded, far beyond the ability of most public and private leaders to understand or explain.

No one has made a count of the deaths that resulted worldwide from these various financial manipulations. The death toll from the pincer movement of military warfare and economic warfare is far greater than is generally understood.

**************

9/11: Strong Dollar Policy Steroids?

While floating the global dollar economy on a sea of debt and easy money worked well for the economic hit men and women through the end of the 1990s, by the summer of 2001 the game seemed to have run its course. Defense appropriations had stalled that summer. Members of the media were asking questions about $3.3 trillion missing from HUD and DOD. Shortly before 9/11, Donald Rumsfeld admitted that DOD could not account for trillions of taxpayer dollars. On September 9, 2001, From the Wilderness issued an economic alert warning that the global financial system ran the risk of meltdown.[9]

With the events of 9/11, however, the US government was able to garner support for the extraordinary financial market interventions necessary to continue the strong dollar policy and for keeping the lid on the various financial frauds and manipulations. America and the global financial system have stayed afloat for another three years.

The answer to the question Cui Bono? ("Who benefits?") from the strong dollar policy suggests that allegations that members of the Bush Administration fully expected, welcomed and even facilitated 9/11 should be taken seriously. Trillions of dollars have been moved out of the US economy under the umbrella of the strong dollar policy – much of it in what appear to be criminal ways. The 9/11 tragedy conveniently necessitated a sudden, centralized control over government and theretofore private activities in the name of protecting national security interests and addressing the threat of terrorism. 9/11 diverted attention from and shut the door behind that money movement. It ushered in a wave of legislation rushed through Congress that would make it much more difficult for the American people to do anything about it. The events of 9/11 have acted as a "lock-down" on a financial coup d'état at the core of the "strong dollar policy."

In the Machiavellian tradition, it turns out that the "strong dollar policy" is a policy that intentionally destroys the value of the dollar.

**************

Justifying the End of Markets and Democracy

Traditionally, the faith of the US working class in democracy has been one of the most powerful supports for democracy worldwide. It is not enough to bankrupt the American middle class and the American government. The current effort to move to more centrally controlled governance also requires removing this faith that underpins support for global democracy. Part and parcel of doing so is establishing popular support for the notion that the economic supports for democracy – sound money, open and transparent markets and government, and access to equity – are somehow bad.

An example of this is Marjorie Kelly's The Divine Right of Capital, which neglects to integrate the covert revenue streams into the equation and instead attempts to explain problems and resolutions in terms of overt cash flows only. According to Kelly, the editor of Business Ethics magazine, free markets, not organized crime and black budgets, are the problem. Hence, the problem is that shareholders want to make money, not that insiders rip off small investors of their savings and retirement investments using criminal means, protected, not obstructed, by governmental intervention. Kelly's bio mentions her speaking engagements at Harvard, without concern for Harvard's leadership in Enron, Harken, the rape of Russia, HUD corruption and other criminal frauds.

In the latest escalation of the Orwellian nightmare, we have entire networks of good-hearted progressives and socially responsible investors promoting a framework of "problems-solutions" that provides the perfect intellectual camouflage for their opponents' control over national and international resources. Now that the so-called "New World Order" has stolen all of the money, those who are most appalled at this state of affairs unwittingly promote policies that will prevent the ordinary person from communicating with integrity or creating and accumulating wealth. Even worse, they crave the credibility conferred by the foundation, church and university investment syndicates most richly rewarded by economic and military warfare. Their behavior and the policies they promote — if allowed to triumph –will ensure our descent into a 21st century war economy.

Lest these words give offense, I would encourage you to read one of the most important and brilliant economic articles of 2004, "Shilling for a New World Order" by Anne Williamson.[10]Understanding Mr. Shiller and the folks who finance and promote his effort tells us much about who profits from fascism. Shiller provides the philosophical prerequisites for ending democracy and markets for good and ensuring that no one can rise other than through serving the war economy.

Getting to the truth of 9/11 offers an opportunity to ask and answer the unanswered questions of who is running our world, and to illuminate how the covert cash flows really work. Only with such a powerful understanding can we appreciate the intellectual poison in Shiller's proposals and find real solutions effective in decentralizing our financial systems. I am reminded of a wonderful and very intelligent staff member of the CIA who told me in 1997, "your problem is that you have not answered the question, where does evil come from?" Indeed, this is the unanswered question of our day; one that cannot be answered without a much richer and clear picture than we now have of the economic warfare raging throughout our world and the economic hit men and women leading it.

************

There is Hope – Two Stories

Story #1

In November 2004 I was at a precious metals investment conference and had the opportunity to ask one of the speakers, the former head of a US intelligence agency, why the Air Force "stood down four times on 9/11." His answer surprised me. One of his major points during the speech had been the importance of cooperation among all parts of military, intelligence and enforcement on events like 9/11. He answered in a tone of anger saying something like, "I wouldn't know, dear. I ran the (intelligence agency), not the Air Force. You would have to ask the Air Force."

Throughout the years of the strong dollar policy, precious metals investors have held out hope that the price of gold and silver will rise based on economic fundamentals. However, when supply and demand forces can be artificially balanced through covert operations and black budget market manipulations financed by warfare and organized crime, the price can stay managed forever – as long as there are sufficient energy resources to do so. This is a much darker and more subtle form of confiscation than was previously thought possible. I saw and heard a dawning realization in that audience that precious metal investors were being "had."

As global investors come to understand the truth of 9/11, a lot of resources can shift in very decentralizing ways. I presume that the speaker's fear before such an audience indicated that he understood this too. He appreciates that the economic hit men's control of global markets is much more vulnerable to the viral spread of truth than it seems. Indeed, the following week, the speaker made a public statement that the Internet needed increased controls.

It would seem the truth of 911 is quite powerful.

Story #2
Two weeks ago I visited a friend who has absolutely no interest in politics. He is well into his seventies. He understands the extent and seriousness of the corruption. Given his age, he has concluded that the only thing he can do to help is live an upright life and pray. His response to the truth of 9/11 is to withdraw from current events and contribute spiritually. He mentioned that a group of his friends had suggested that a recent event had been determined by covert means in complete contradiction to accounts put forth by the mainstream media. He spoke about our current leadership with sadness. It was clear from his manner that he no longer takes them seriously. They have lost what the Chinese call "the mandate of heaven." They are thugs – to be avoided in public and laughed at in private.

While this may sound like a small thing, I saw something I have seen many times since the Presidential election. Many Americans are quietly and invisibly withdrawing our mandate from the current leadership – not from America as a country, or from the notion of a democratic American government or from the American people. We understand that our enemy is not these things. This silent withdrawal in the hearts and minds of millions and the use of spiritual warfare to effectively counter those behind economic and military warfare has the power to shift power to more legitimate leadership.

Enough hearts and minds on Main Street are silently withdrawing our support to begin real cultural and economic change. Imagine if the truth of 9/11 could illuminate the real economic hit men and women of our day and age and – unleashed from the paralysis of not understanding the covert flows around us and who we can trust – help us transform our situation in a wealth creating way?

As Percy Bysshe Shelley once said, "Ye are many. They are few."

FOOTNOTES:

1 See Jamey Hecht, "Failure and Crime Are Not the Same: 9/11's Limited Hangouts,"
http://www.fromthewilderness.com/free/ww3/112203_failure_crime.html.

2 See Catherine Austin Fitts, "The Myth of the Rule of Law," http://www.solari.com/gideon/q301.pdf; "The Negative Return on Investment Economy,"http://www.solariactionnetwork.com/phpBB2/viewtopic.php?p=3771#3771 and "The American Tapeworm,"http://www.scoop.co.nz/mason/stories/HL0304/S00228.htm.

3 For a description of an "economic hit" of which my company was a target, see the "Litigation," available online athttp://www.solari.com/gideon.

4 For a list of recommended books on 9/11, including The New Pearl Harbor and 9/11 Commission Report: Omissions and Distortions by David Ray Griffin, Crossing the Rubicon by Mike Ruppert, The Complete 9/11 Timeline by Paul Thompson, Inside Job by Jim Marrs and others, see http://www.911truth.org/.

5 Catherine Austin Fitts, "9/11 Profiteering,"http://www.scoop.co.nz/mason/stories/HL0403/S00244.htm.

6 Kelly Patricia O'Meara, "Strong Dollar Hides Weak Policy,"http://www.gata.org/StrongDollar.htm.

7 Kelly Patricia O'Meara, "Missing Money Articles,"http://www.solari.com/learn/articles_missingmoney.htm; "Treasury Checks and Unbalances,"http://www.insightmag.com/news/2004/04/27/National/ Treasury.Checks.And.Unbalances-658744.shtml

8 Catherine Austin Fitts, "The Story of Edgewood Technology Services,"http://www.scoop.co.nz/mason/stories/HL0207/S00101.htm.

9 Mike Ruppert, "Global Economic Collapse Likely,"http://www.fromthewilderness.com/free/ww3/11_09_01_Derivatives.html

10http://www.sandersresearch.com/Sanders/NewsManager/ShowNewsGen.aspx?NewsID=662NewsID=662

*************

Catherine Austin Fitts is the President of Solari, Inc. http://www.solari.com/. Ms. Fitts is the former Assistant Secretary of Housing-Federal Housing Commissioner during the first Bush Administration, a former managing director and member of the board of directors of Dillon Read & Co. Inc. and President of The Hamilton Securities Group, Inc. She writes a column for Scoop Mapping The Real Deal. And is one of the co-founders ofhttp://www.unansweredquestions.org/

© Copyright 2005, From The Wilderness Publications, http://www.fromthewilderness.com/. All Rights Reserved. This story may NOT be posted on any Internet web site without express written permission. Contact admin@copvcia.com. May be circulated, distributed or transmitted for non-profit purposes only.

STANDARD DISCLAIMER FROM UQ.ORG: UnansweredQuestions.org does not necessarily endorse the views expressed in the above article. We present this in the interests of research -for the relevant information we believe it contains. We hope that the reader finds in it inspiration to work with us further, in helping to build bridges between our various investigative communities, towards a greater, common understanding of the unanswered questions which now lie before us.

 

OLDDOGS COMMENTS

By Dana Gabriel

 

“The never ending war on drugs and war on terrorism are being used to justify the huge police state security apparatus being assembled. This includes the militarization of the northern border and plans for a North American security perimeter. In the name of national security, there has been a steady erosion of civil liberties and privacy rights in both the U.S. and Canada. Our freedoms are under assault. The amount of information being collected and shared on all aspects of our daily lives has expanded and is being stored in massive databases. Sweeping new surveillance powers targeting terrorists and other criminals are being increasingly turned against those who are critical of government policy. There is a concerted effort to demonize political opponents, activists, protesters and other peaceful groups. We are witnessing the criminalization of dissent where those who oppose the government’s agenda are being labeled as terrorists and a threat to security.”

 

GOVERNMENT CORRUPTION

WHY SHOULD GOD BLESS AMERICA?

February 23rd, 2012 by

 

THE BATTLE FOR THE SOUL OF AMERICA

http://www.newswithviews.com/Daubenmire/dave270.htm

By Coach Dave Daubenmire

February 23, 2012
NewsWithViews.com

Martin Niemoller: "Our concern here, Herr Hitler, is not for the church. Jesus Christ will take care of the church. Our concern is for the soul of the nation."

Adolph Hitler: "You can leave the soul of Germany to me."

Words have meaning. My perspective on life was altered when I came to that realization. We live in a nation where we believe every “expert.” We have been trained to listen, but not to think.

We share a common language, but we do not realize that words mean different things to different people. For a greater perspective, read my commentary Change the Words, Change the World.

I used to think that the term “pro-life” meant that a person was against abortion. Sorry Charlie.Most “pro-lifers” are pro-choice…they just think that “life” is the “correct” choice. They do not hate abortion and do not fight to outlaw it.

That’s why so many politicians claim to be “Pro-Life,” yet abortion remains legal. Republicans tend to be “Pro-Life,” but they don’t really want to stop the butchering of babies.

But we think they do. We think “Pro-Life” means “stop abortion.” It doesn’t.

“Conservative” is another one of those words. Most of us here in fly-over country assume that “conservative” is a belief system. In reality, it is just a “position” that political candidates claim to hold. “Pro-Life” is one of those “conservative” positions.

That’s why they break “conservatives” into classes; “social” conservatives, “fiscal” conservatives, “judicial” conservatives, “neo” conservatives, and ironically, “Christian” conservatives.

You would think that most Christians would be “conservatives,” but of course, you would be mistaken. There are “liberal” Christians, “social-justice” Christians, “fundamentalist” Christians, “moderate” Christians, and my favorite, “Bible-believing” Christians. You see, not even “Christianity” is a one-size-fits-all description. Just like “conservative.” Just like Republican.

While most “conservatives” are Republicans, not all Republicans are “conservative.” They are not the same. I explain it here. I’m not even sure what “Christian” or “conservative” means anymore.

Let me get to the point. The “non-conservative” Republicans control the Republican Party.

Wake up folks. Our ignorance is destroying us. The Republicans and the Democrats are merely two wings of the same vulture. They represent the “Political-Class;” those who make their living off of bigger government. Their currency is PMS…Power…Money…Sex.

They are one party masquerading as two; The Democrat Political-Class and The Republican Political-Class. They fight over which side gets control of the money, not over issues.

The Republican Political-Class is fighting like mad to see Romney get the nomination because he is “more electable.” “More Electable” means Romney won’t “rock the boat” and the Republican Political-Class gets their turn to play quarterback. Either way, the “Political-Class” calls all of the plays.

Romney has run for President for five years, yet he still can’t get more than 30% of the Republican vote. Most of his 30% are the Political-Class Republicans. Heck, he could get that much if he challenged Obama in the Democratic Political-Class Primary.

Gallup reports that 42% of voters identify as conservative, 35% as moderate, and only 20% liberals. The “conservatives” only need 9% of the “moderate” vote to win. Yet the Republican Political-Class is pushing a “moderate” as their candidate. Meanwhile, the “liberals” are destroying this country.

The big myth is that Republicans represent “conservatives” when they don’t. It is the “moderate” Republicans who split the “conservative” vote by nominating RINOS. Some “moderate” Republicans voted for Obama. Some “conservative” Democrats didn’t. Lindsey Graham is a member of the Republican Political-Class, as are Susan Collins, Karl Rove, Olympia Snowe, and John McCain. Do they represent you?

Let’s face it. Both major political parties are for bigger government. A vote for either party is a vote for more government courtesy of the “Political-Class.” Their plan is to nominate a “moderate” to oppose a “leftist”, and leave “conservatives”, the majority, with no place to go.

THE TEA PARTY IS THE CONSERVATIVE BASE. Have you noticed how both sides of the “Political-Class” hate the “tea-baggers?” The Tea Party IS the opposition party to the “Political-Class.” The Tea Party must seize control of the Republican Party. It is the only chance to return power to the people.

I love to hear the media prattle on about the dangers of a “third party.” I would love to see a SECOND party; One that actually brings change. In my lifetime the Republican Party has nominated Eisenhower, Nixon, Goldwater, Nixon, Ford, Reagan, Bush I, Dole, Bush II, and McCain. The Political-Class has continued to grow and national morality has continued its rapid plunge into the toilet as the Republicans moved farther and farther left.

Today, there is no “conservative” party.

Rick Santorum has raised a fire-storm because he is speaking about the “social” values. Right on cue, both wings of the Political-Class begin to yap about how “social” values cannot win in the general election. Folks, “conservative social” values still win the day. That is why the pigs are squealing so loudly. Even the Paul-bots don’t like the “social” issues. Many of them want freedom without responsibility.

If lying, stealing, and fornicating once again became taboo in America; if we once again began to demand those values of our children and our leaders, The Political-Class would no longer have a platform upon which to stand.

Santorum has seen a meteoric rise. He is speaking the language that a majority of Americans understand. He has said such things as “Satan has his sights on the United States of America…attacking the great institutions of America, using those great vices of pride, vanity and sensuality as the root to attack all of the strong plants that has so deeply rooted in the American tradition.” He called Satan, “The Father of Lies.” JN 8:44

When it comes to social values he doesn’t need a teleprompter. He knows that song by heart. He understands that the heart of the problem is that America has a problem of the heart. Our government is a reflection of our people. We must return to Truth.

The “Political-Class” has taken America hard left. A “moderate” correction will not bring us back to the middle. Only a hard-right can keep the one-winged eagle from a death spiral.

“Conservatives” hold deep-seated beliefs. “Republicans” hold political positions. They are not the same. If a “moderate” faces a “leftist” in 2012, “conservatives” cannot win. Ignorance is doing the same thing over and over and expecting a different result.

I support most of what Ron Paul stands for, but he fails to understand the importance of “social issues.” He calls them a “losing position.”

 

Isn’t fiat currency a social issue? What about the crap your kids are learning in government schools? Isn’t government theft a social issue? Abortion, marriage, war…aren’t they “social” issues?” Do you mean socialism is not a “social issue?”

Don’t let them blow smoke at you. It is not about contraception or women’s rights. It is about right and wrong. Right and wrong is not a state’s-rights issue. Right and wrong is a human rights issue.

It is time we drew a line and had a fight over the moral issues. Christians have given ground for far too long. It is time we had the debate. It is time to rise up against the cultural, moral rot.

The battle over right and wrong is THE political issue of our time. If this election is lost I don’t want it to be over tax cuts. The battle lines are drawn. Let’s get it on. Let’s force the “moderates” to go third-party.

“But the media tells us that a conservative will lose!!”

Wake-up, Pal. We are already losing. Stupid is as stupid does.

 

Click Here for an audio version of this commentary.

Order the CDs here.

 

Do you think like a Christian or a humanist? Did the Founders really separate Church and State? Is Judicial tyranny ruining America? Check out these great teachings by the Coach

© 2012 Dave Daubenmire – All Rights Reserved


Coach Dave Daubenmire, founder and President of Pass The Salt Ministries www.ptsalt.com and Minutemen United www.minutemenunited.org, is host of the high octane Pass The Salt radio show heard in Columbus, Ohio.

In 1999 Coach Daubenmire was sued by the ACLU for praying with his teams while coaching high school in Ohio. He now spends his energy fighting for Christian principles in the public domain.

E-Mail: coach@ptsalt.com

 

HUMAN DEPRAVITY

 

The Global Crises of Capitalism: Whose Crises, Who Profits?

February 23rd, 2012 by

 

 

www.globalresearch.ca/index.php?context=va&aid=29388

 

By Prof. James Petras

 

Introduction

 

From the Financial Times to the far left, tons of ink has been spilt writing about some variant of the “Crises of Global Capitalism”. While writers differ in the causes, consequences and cures, according to their ideological lights, there is a common agreement that “the crises” threatens to end the capitalist system as we know it.

There is no doubt that, between  2008-2009, the capitalist system in Europe and the United States suffered a severe shock that shook the foundations of its financial system and threatened to bankrupt its ‘leading sectors’.

However, I will argue the ‘crises of capitalism’ was turned into a ‘crises of labor’. Finance capital, the principle detonator of the crash and crises, recovered, the capitalist class as a whole was strengthened, and most important of all, it utilized the political, social, ideological conditions created as a result of “the crises” to further consolidate their dominance and exploitation over the rest of society.

In other words, the ‘crises of capital’ has been converted into a strategic advantage for furthering the most fundamental interests of capital: the enlargement of profits, the consolidation of capitalist rule, the greater concentration of ownership, the deepening of inequalities between capital and labor and the creation of huge reserves of labor to further augment their profits.

Furthermore, the notion of a homogeneous global crisis of capitalism overlooks profound differences in performance and conditions, between countries, classes, and age cohorts.

The Global Crises Thesis: The Economic and Social Argument

The advocates of global crises argue that beginning in 2007 and continuing to the present, the world capitalist system has collapsed and recovery is a mirage. They cite stagnation and continuing recession in North America and the Eurozone. They offer GDP data hovering between negative to zero growth. Their argument is backed by data citing double digit unemployment in both regions. They frequently correct the official data which understates the percentage unemployed by excluding part-time, long-term unemployed workers and others. The ‘crises’ argument is strengthened by citing the millions of homeowners who have been evicted by the banks, the sharp increase in poverty and destitution accompanying job loses, wage reductions and the elimination or reduction of social services. “”Crises” is also associated with the massive increase in bankruptcies of mostly small and medium size businesses and regional banks.

 

The Global Crises: The Loss of Legitimacy

 

Critics, especially in the financial press, write of a “legitimacy crises of capitalism” citing polls showing substantial majorities questioning the in justice s of the capitalist system, the vast and growing inequalities and the rigged rules by which banks exploit their size (“too big to fail”) to raid the Treasury at the expense of social programs.

In summary the advocates of the thesis of a “Global Crises of Capitalism” make a strong case, demonstrating the profound and pervasive destructive effects of the capitalist system on the lives of the great majority of humanity.

The problem is that a ‘crises of humanity’ (more specifically of salary ad wage workers) is not the same as a crisis of the capitalist system. In fact as we shall argue below growing social adversity, declining income and employment has been a major factor facilitating the rapid and massive recovery of the profit margins of most large scale corporations.

Moreover, the thesis of a global crises of capitalism amalgamates disparate economies, countries, classes and age cohorts with sharply divergent performances at different historical moments.

 

Global Crises or Uneven and Unequal Development?

 

It is utterly foolish to argue for a “global crises” when several of the major economies in the world economy did not suffer a major downturn and others recovered and expanded rapidly. China and India did not suffer even a recession. Even during the worst years of the Euro-US decline, the Asian giants grew on average about 8%. Latin America’s economies especially the major agro-mineral export countries (Brazil, Argentina, Chile, ) with diversified markets, especially in Asia, paused briefly (in 2009) before assuming moderate to rapid growth (between 3% to 7%) from 2010-2012.

By aggregating economic data from the Euro-zone as a whole the advocates of global crises, overlooked the enormous disparities in performance within the zone. While Southern Europe wallows in a deep sustained depression, by any measure, from 2008 to the foreseeable future, German exports, in 2011, set a record of a trillion euros; its trade surplus reached 158 billion euros, after a155 billion euro surpluses in 2010. (BBC News, Feb. 8 2012).

While aggregate Eurozone unemployment reaches 10.4%, the internal differences defy any notion of a “general crises”. Unemployment in Holland is 4.9%, Austria 4.1% and Germany 5.5% with employer claims of widespread skilled labor shortages in key growth sectors. On the other hand in exploited southern Europe unemployment runs to depression levels, Greece 21%, Spain 22.9%, Ireland 14.5%, and Portugal 13.6% (FT 1/19/12, p.7). In other words, “the crises” does not adversely affect some economies, that in fact profit from their market dominance and techno-financial strength over dependent, debtor and backward economies. To speak of a ‘global crises’ obscures the fundamental dominant and exploitative relations that facilitate ‘recovery’ and growth of the elite economies over and against their competitors and client states. In addition global crises theorists wrongly amalgamated crises ridden, financial-speculative economies (US, England ) with dynamic productive export economies ( Germany , China ).

The second problem with the thesis of a “global crises” is that it overlooks profound internal differences between age cohorts. In several European countries youth unemployment (16-25) runs between 30 to 50% (Spain 48.7%, Greece 47.2%, Slovakia 35.6%, Italy 31%, Portugal 30.8% and Ireland 29%) while in Germany, Austria and Holland youth unemployment runs to Germany 7.8%, Austria 8.2% and Netherlands 8.6% (Financial Times (FT) 2/1/12, p2). These differences underlie the reason why there is not a ‘global youth movement’ of “indignant” and “occupiers” .Five-fold differences between unemployed youth is not conducive to ‘international’ solidarity. The concentration of high youth unemployment figures explains the uneven development of mass- street protests especially centered in Southern Europe . It also explains why the northern Euro-American “anti-globalization” movement is largely a lifeless forum which attracts academic pontification on the “global capitalist crises” and the impotence of the “Social Forums” are unable to attract millions of unemployed youth from Southern Europe .They are more attracted to direct action. Globalist theorists overlook the specific way in which the mass of unemployed young workers are exploited in their dependent debt ridden countries. They ignore the specific way they are ruled and repressed by center-left and rightist capitalist parties. The contrast is most evident in the winter of 2012. Greek workers are pressured to accept a 20% cut in minimum wages while in Germany workers are demanding a 6% increase.

If the ‘crises’ of capitalism is manifested in specific regions, so too does it affect different age/racial sectors of the wage and salaries classes. The unemployment rates of youth to older workers varies enormously: in Italy it is 3.5/1, Greece 2.5/1, Portugal 2.3/1, Spain 2.1/1 and Belgium 2.9/1. In Germany it is 1.5/1 (FT 2/1/12). In other words because of the higher levels of unemployment among youth they have a greater propensity for direct action ‘against the system’; while older workers with higher levels of employment (and unemployment benefits) have shown a greater propensity to rely on the ballot box and engage in limited strikes over job and pay related issues. The vast concentration of unemployed among young workers means they form the ‘available core’ for sustained action; but it also means that they can only achieve limited unity of action with the older working class experiencing single digit unemployment.

However, it is also true that the great mass of unemployment youth provides a formidable weapon, in the hands of employers to threaten to replace employed older workers. Today, capitalists constantly resort to using the unemployed to lower wages and benefits and to intensify exploitation (dubbed to “increase productivity”) to increase profit margins. Far from being simply an indicater of ‘capitalist crises’, high levels of unemployment have served along with other factors’ to increase the rate of profit, accumulate income, widen income inequalities which augments the consumption of luxury goods for the capitalist class: the sales of luxury cars and watches is booming.

 

Class Crises: The Counter-Thesis

 

Contrary to the “global capitalist crises” theorists, a substantial amount of data has surfaced which refutes its assumptions. A recent study reports “US corporate profits are higher as a share of gross domestic product than at any time since 1950” (FT 1/30/12). US companies cash balances have never been greater, thanks to intensified exploitation of workers, and a multi-tiered wage systems in which new hires work for a fraction of what older workers receive (thanks to agreements signed by ‘door mat’ labor bosses).

The “crises of capitalism” ideologues have ignored the financial reports of the major US corporations. According to General Motors 2011 report to its stockholders, they celebrated the greatest profit ever, turning a profit of $7.6 billion, surpassing the previous record of $6.7 billion in 1997. A large part of these profits results from the freezing of its underfunded US pension funds and extracting greater productivity from fewer workers-in other words intensified exploitation-and cutting hourly wages of new hires by half. (EarthLink News 2/16/12)

Moreover the increased importance of imperialist exploitation is evident as the share of US corporate profits extracted overseas keeps rising at the expense of employee income growth. In 2011, the US economy grew by 1.7%,but median wages fell by 2.7%.According to the financial press” the profit margins of the S and P 500 leapt from

6% to 9% of the GDP in the past three years, a share last achieved three generations ago. At roughly a third, the foreign share of these profits has more than doubled since 2000”(FT 2/13/12 P9.If this is a “capitalist crises” then who needs a capitalist boom ?

Surveys of top corporations reveal that US companies are holding 1.73 trillion in cash, “the fruits of record high profit margins” (FT 1/30/12 p.6). These record profit margins result from mass firings which have led to intensifying exploitation of the remaining workers. Also, negligible federal interest rates and easy access to credit allow capitalists to exploit vast differentials between borrowing and lending and investing. Lower taxes and cuts in social programs result in a growing cash pile for corporations. Within the corporate structure, income goes to the top where senior executives pay themselves huge bonuses. Among the leading S and P 500 corporations the proportion of income that goes to dividends for stockholders is the lowest since 1900 (FT 1/30/12, p.6).

A real capitalist crisis would adversely affect profit margins, gross earnings and the accumulation of “cash piles”. Rising profits are being horded because as capitalists profit from intense exploitation, mass consumption stagnates.

Crises theorists confuse what is clearly the degrading of labor, the savaging of living and working conditions and even the stagnation of the economy, with a ‘crises’ of capital: when the capitalist class increases its profit margins, hoards trillions, it is not in crises. The key point is that the ‘crises of labor’ is a major stimulus for the recovery of capitalist profits. We cannot generalize from one to the other. No doubt there was a moment of capitalist crises (2008-2009) but thanks to the capitalist state’s unprecedented massive transfer of wealth from the public treasury to the capitalist class – Wall Street banks in the first instance – the corporate sector recovered, while the workers and the rest of the economy remained in crises, went bankrupt and out of work.

 

From Crises to Recovery of Profits: 2008/9 to 2012

 

The key to the ‘recovery’ of corporate profits had little to do with the business cycle and all to do with Wall Street’s large-scale takeover and pillage of the US Treasury. Between 2009-2012 hundreds of former Wall Street executives, managers and investment advisers seized all the major decision-making positions in the Treasury Department and channeled trillions of dollars into leading financial and corporate coffers. They intervened financially troubled corporations, like General Motors, imposing major wage cuts and dismissals of thousands of workers.

Wall Streeters in Treasury elaborated the doctrine of “Too Big to Fail” to justify the massive transfer of wealth. The entire speculative edifice built in part by a 234 fold rise in foreign exchange trading volume between 1977-2010 was restored (FT 1/10/12, p.7). The new doctrine argued that the state’s first and principle priority is to return the financial system to profitability at any and all cost to society, citizens, taxpayers and workers. “Too Big to Fail” is a complete repudiation of the most basic principle of the “free market” capitalist system: the idea that those capitalists who lose bear the consequences; that each investor or CEO, is responsible for their action. Financial capitalists no longer needed to justify their activity in terms of any contribution to the growth of the economy or “social utility”. According to the current rulers Wall Street must be saved because it is Wall Street, even if the rest of the economy and people sink (FT 1/20/12, p.11). State bailouts and financing are complemented by hundreds of billions in tax concessions, leading to unprecedented fiscal deficits and the growth of massive social inequalities. The pay of CEO’s as a multiple of the average worker went from 24 to 1 in 1965 to 325 in 2010 (FT 1/9/12, p.5).

The ruling class flaunts their wealth and power aided and abetted by the White House and Treasury. In the face of popular hostility to Wall Street pillage of Treasury, Obama went through the sham of asking Treasury to impose a cap on the multi-million dollar bonuses that the CEO’s running bailed out banks awarded themselves. Wall Streeters in Treasury refused to enforce the executive order, the CEO’s got billions in bonuses in 2011 . President Obama went along, thinking he conned the US public with his phony gesture, while he reaped millions in campaign funds from Wall Street!

The reason Treasury has been taken over by Wall Street is that in the 1990’s and 2000’s, banks became a leading force in Western economies. Their share of the GDP rose sharply (from 2% in the 1950’s to 8% in 2010” (FT 1/10/12, p.7).

Today it is “normal operating procedure” for President’s to appoint Wall Streeter’s to all key economic positions; and it is ‘normal’ for these same officials to pursue policies that maximize Wall Street profits and eliminate any risk of failure no matter how risky and corrupt their practioners.

 

The Revolving Door: From Wall Street to Treasury and Return

 

Effectively the relation between Wall Street and Treasury has become a “revolving door”: from Wall Street to the Treasury Department to Wall Street. Private bankers take appointments in Treasury (or are recruited) to ensure that all resources and policies Wall Street needs are granted with maximum effort, with the least hindrance from citizens, workers or taxpayers. Wall Streeters in Treasury give highest priority to Wall Street survival, recovery and expansion of profits. They block any regulations or restrictions on bonuses or a repeat of past swindles.

Wall Streeters ‘make a reputation’ in Treasury and then return to the private sector in higher positions, as senior advisers and partners. A Treasury appointment is a ladder up the Wall Street hierarchy. Treasury is a filling station to the Wall Street Limousine: ex Wall Streeters fill up the tank, check the oil and then jump in the front seat and zoom to a lucrative job and let the filling station (public) pay the bill.

Approximately 774 officials (and counting) departed from Treasury between January 2009 and August 2011 (FT 2/6/12, p. 7). All provided lucrative “services” to their future Wall Street bosses finding it a great way to re-enter private finance at a higher more lucrative position.

A report in the Financial Times Feb. 6, 2012 (p. 7) entitled appropriately Manhattan Transfer” provides typical illustrations of the Treasury-Wall Street “revolving door”.

Ron Bloom went from a junior banker at Lazard to Treasury, helping to engineer the trillion dollar bailout of Wall Street and returned to Lazard as a senior adviser. Jake Siewert went from Wall Street to becoming a top aide to Treasury Secretary Tim Geithner and then graduated to Goldman Sachs, having served to undercut any cap on Wall Street bonuses.

Michael Mundaca, the most senior tax official in the Obama regime came from the Street and then went on to a highly lucrative post in Ernst and Young a corporate accounting firm, having helped write down corporate taxes during his stint in “public office”.

Eric Solomon, a senior tax official in the infamous corporate tax free Bush Administration made the same switch. Jeffrey Goldstein who Obama put in charge of financial regulation and succeeded in undercutting popular demands, returned to his previous employer Hellman and Friedman with the appropriate promotion for services rendered.

Stuart Levey who ran AIPAC sanctions against Iran policies out if Treasury’s so-called “anti- terrorist agency” was hired as general counsel by HSBC to defend it from investigations for money laundering (FT 2/6/12, p. 7). In this case Levey moved from promoting Israel’s ’ war aims to defending an international bank accused of laundering billions in Mexican cartel money. Levey, by the way spent so much time pursuing Israel’s ’ Iran agenda that he totally ignored the Mexican drug cartels’ billion dollar money laundering cross-border operations for the better part of a decade.

Lew Alexander a senior advisor to Geithner in designing the trillion dollar bail out is now a senior official in Nomura, the Japanese bank. Lee Sachs went from Treasury to Bank Alliance, (his own “lending platform”). James Millstein went from Lazard to Treasury bailed out AIG insurance run into the ground by Greenberg and then established his own private investment firm taking a cluster of well-connected Treasury officials with him.

The Goldman-Sachs-Treasury “revolving door” continues today. In addition to past and current Treasury heads Paulson and Geithner, former Goldman partner Mark Patterson was recently appointed Geithner’s “chief of staff”. Tim Bowler former Goldman managing director was appointed by Obama to head up the capital markets division.

It should be abundantly clear that elections, parties and the billion dollar electoral campaigns have little to do with “democracy” and more to do with selecting the President and legislators who will appoint non-elected Wall Streeters to make all the strategic economic decisions for the 99% of Americans. The policy results of the Wall Street-Treasury revolving door are clear and provide us with a framework for understanding why the “profit crises” has vanished and the crises of labor has deepened.

 

The “Policy Achievements” of the Revolving Door

 

The Wall Street-Treasury conundrum (WSTC) has performed herculean and audacious labor for finance and corporate capital. In the face of universal condemnation of Wall Street by the vast majority of the public for its swindles, bankruptcies, job losses and mortgage foreclosures, the WSTC publically backed the swindlers with a trillion dollar bailout. A daring move on the face of it; that is if majorities and elections counted for anything. Equally important the WSTC dumped the entire “free market” ideology that justified capitalist profits based on its “risks”, by imposing the new dogma of “too big to fail” in which the state treasury guarantees profits even when capitalists face bankruptcy, providing they are billion dollar firms. The WSTC dumped the capitalist principle of “fiscal responsibility” in favor of hundreds of billions of dollars in tax cuts for the corporate-financial ruling class, running up record peace time budget deficits and then having the audacity to blame the social programs

supported by popular majorities. (Is it any wonder these ex-Treasury officials get such lucrative offers in the private sector when they leave public office?) Thirdly, Treasury and the Central Bank (Federal Reserve) provide near zero interest loans that guarantees big profits to private financial institution which borrow low from the Fed and lend high, (including back to the Government!) especially in purchasing overseas Government and corporate bonds. They receive anywhere from four to ten times the interest rates they pay. In other words the taxpayers provide a monstrous subsidy for Wall Street speculation. With the added proviso, that today these speculative activities are now insured by the Federal government, under the “Too Big to Fail” doctrine.

Under the ideology of “regaining competitiveness” the Obama economic team (from Treasury, the Federal Reserve, Commerce, Labor) has encouraged employers to engage in the most aggressive shedding of workers in modern history. Increased productivity and profitability is not the result of “innovation” as Obama, Geithner and Bernache claim; it is a product of a state labor policy which deepens inequality by holding down wages and raising profit margins. Fewer workers producing more commodities. Cheap credit and bailouts for the billion dollar banks and no refinancing for households and small and medium size firms leading to bankruptcies, buyouts and ‘consolidation’ namely, greater concentration of ownership. As a result the mass market stagnates but corporate and bank profits reach record levels. According to financial experts under the WSTC “new order” “bankers are a protected class who enjoy bonuses regardless of performance, while relying on the taxpayer to socialize their losses” (FT 1/9/12, p.5). In contrast, labor, under Obama’s economic team, faces the greatest insecurity and most threatening situation in recent history: “in what is unquestionably novel is the ferocity with which US business sheds labor now that executive pay and incentive schemes are linked to short term performance targets” (FT 1/9/2012, p. 5).

 

Economic Consequences of State Policies

 

Because of the Wall Street “takeover” of strategic economic policy positions in Government we can now understand the paradox of record profit margins in the midst of economic stagnation. We can comprehend why the capitalist crises has, at least temporarily, been replaced by a profound crises of labor. Within the power matrix of Wall Street-Treasury Dept. all the old corrupt and exploitative practices that led up to the 2008-2009 crash have returned: multi-billion dollar bonuses for investment bankers who led the economy into the crash; banks “snapping up billions of dollars of bundled mortgage products that resemble the sliced and diced debt some (sic) blame for the financial crises” (FT 2/8/12, p.1). The difference today is that these speculative instruments are now backed by the taxpayer (Treasury). The supremacy of the financial structure of the pre-crises US economy is in place and thriving … “only”, the US labor force has sunk into greater unemployment, declining living standards, widespread insecurity and profound discontent.

 

Conclusion: The Case Against Capitalism and for Socialism

 

The profound crises of 2008-2009 provoked a spate of questioning of the capitalist system, even among many of its most ardent advocates (FT 1/8/12 to 1/30/12) criticism abounded. ‘Reform, regulation and redistribution’ were the fare of financial columnists. Yet the ruling economic and governing class took no heed. The workers are controlled by door mat union leaders and lack a political instrument. The rightwing pseudo populists embrace an even more virulent pro capitalist agenda, calling for across the board elimination of social programs and corporate taxes. Inside the state, a major transformation has taken place which effectively smashed any link between capitalism and social welfare, between government decision-making and the electorate. Democracy has been replaced by a corporate state, founded on the revolving door between Treasury and Wall Street, which funnels public wealth to private financial coffers. The breach between the welfare of society and the operations of the financial architecture is definitive.

The activity of Wall Street has no social utility, its practitioners enrich themselves with no redeeming activity. Capitalism has demonstrated conclusively, that it thrives through the degradation of tens of millions of workers and rejects the endless pleas for reform and regulation. Real existing capitalism cannot be harnessed to raising living standards or ensuring employment free of fear of large scale, sudden and brutal firings. Capitalism, as we experience it over the past decade and for the foreseeable future, is in polar opposition to social equality, democratic decision-making and collective welfare.

Record capitalist profits are accrued by pillaging the public treasury, denying pensions and prolonging ‘work till you die’, bankrupting most families with exorbitant private corporate medical and educational costs.

More than ever in recent history, record majorities reject the rule by and for the bankers and the corporate ruling class (FT 2/6/12, p. 6). Inequalities between the top 1% and the bottom 99% have reached record proportions. CEO’s earn 325 times that of an average worker (FT 1/9/12, p.5). Since the state has become the ‘foundation’ of the economy of the Wall Street predators, and since ‘reform’ and regulation has dismally failed, it is time to consider a fundamental systemic transformation that begins via a political revolution which forcibly ousts the non-elected financial and corporate elites running the state for their own exclusive interests. The entire political process, including elections, are profoundly corrupt: each level of office has its own inflated price tag. The current Presidential contest will cost $2 to $3 billion dollars to determine which of the servants of Wall Street will preside over the revolving door.

Socialism is no longer the scare word of the past. Socialism involves the large-scale reorganization of the economy, the transfer of trillions from the coffers of predator classes’ of no social utility to the public welfare. This change can finance a productive and innovative economy based on work and leisure, study and sport. Socialism replaces the everyday terror of dismissal with the security that brings confidence, assurance and respect to the workplace. Workplace democracy is at the heart of the vision of 21st century socialism. We begin by nationalizing the banks and eliminating Wall Street. Financial institutions are redesigned to create productive employment, to serve social welfare and to preserve the environment. Socialism would begin the transition, from a capitalist economy directed by predators and swindlers and a state at their command, toward an economy of public ownership under democratic control.

James Petras' most recent book is The Arab Revolt and the Imperialist Counter Attack (Clarity Press 2012) 2nd edition.

 

 

OLDDOGS COMMENTS

Have I not warned you of Global Research’s Socialist intent? Notice how expertly they itemize all of the atrocities the elite’s heap on the backs of the working class, enrage you with their greed, then imply that socialism is the answer to all of our problems. They are experts at manipulating the human mind, and promoting socialism as the cure all.

AND, the sad part of this is, IT WORKS, because the average worker is ignorant of socialism’s failed promises’, and the extraordinary regulations that the workers are finally throttled with outside of their occupations. SOCIALISM SUCKS, JUST AS ITS PROMOTERS DO!

The only cure for the atrocities being heaped on our backs is intelligent regulation of Banking, and investment firms, plus honest politicians. Political accountability is the only way out of this quicksand economy. If the politicians will not stay honest, throw them to the dogs, and laugh at their screams of torment.

Send the international banker to hell, along with their families.

Exterminate their genes from the face of the earth, or your children will be their children’s slaves, and concubines.

AMERICA,

The land of the free and the home of the brave, my ASS, American’s no longer have the balls to save their own children!

 

SOCIALISM

 

 

 

 

 

 

 

 

Marilyn MacGruder Barnewall: on the Problems of Central Bank Debt ‘Capitalism’ and the Promise of U. S. – Style State Banking

February 20th, 2012 by

http://thedailybell.com/3627/Anthony-Wile-Marilyn-McGruder-Barnewall-on

OLDDOGS COMMENTS

This is the lady who taught me to never begin a debate with your intellectual superiors, unless you enjoy being humiliated. Fortunately, for me, this lady has taken me under her wing and taught me things I could never have learned without her. I have a free autographed copy of her first book and a pre-publication word document of her second. You would not believe how intuitive she was in presenting the subject as a novel, instead of a treatise. These are two books that make a difficult subject a delightful learning experience. I am proud to consider myself her grasshopper, which only people over forty will understand. This is a subject that every American will benefit from learning.

Without central banking, America would be the shining star of the world, and the Rothschild’s, & Rockefellers, would just be grumpy old men. Can you imagine an honest federal government? If there are two people in America with the knowledge to turn it around, it is Marilyn Barnewall and Walter Burien, of CAFR1.com. They both deserve your support, which begins by learning what they know so well. Google their names and learn all you can.

State sovereignty begins with State Banking, and keeping our profits begins with Walter’s Tax Retirement Fund.

 

STATE BANKING

 

with Anthony Wile

The Daily Bell is pleased to present this interview with Marilyn MacGruder Barnewall (left).

Introduction:  Marilyn MacGruder Barnewall served as president of The MacGruder Agency, Inc., a bank financial consulting firm, from 1979 through 1993. She was known as the "guru" of North American Private Banking (so-called by Town and Country and Trust and Estates magazines) and a 1989 issue of Forbes magazine called her the "Dean of American Private Banking." Today, Ms. Barnewall is retired and has devoted her energies to writing books, articles and legislation focused on state banking and, generally, the devolution of American banking. Some of her ideas are similar to those of "public-banking" advocate Ellen Brown

Daily Bell: Tell us more about your background and how you got into this field.

Marilyn MacGruder Barnewall: I became a banker quite by accident in 1972. I worked at Denver's largest bank and I started the first private bank in the United States. I started the MacGruder Agency when I left the bank in 1979, and was a consultant implementing credit-driven private banks until 1993.

I have also written a number of books. The first book I wrote, which I think is still one of the only books on private banking, is called Profitable Private Banking: The Complete Blueprint, which was published by the American Bankers Association and sold for $5,000 a copy. I went back to writing and have written hundreds of articles for Internet publications since.

Daily Bell: What is "credit-driven private banking"?

Marilyn MacGruder Barnewall: There are two types of private banking, and it is different than what you might think. Traditionally, private banking is and always has been the management of other people's money or assets. The one I created was a credit-driven form of private banking.

Basically, credit-driven private banking is done in a way that strengthens and broadens the middle class. During my time as a bank advisor, I basically created a concept of banking that enabled lenders to make business purpose loans based on personal assets and cash flow. So a business-purpose loan, a commercial loan, depends for repayment on the purpose of the loan. If the purpose of the loan is to make cars, then the source of repayment comes from the sale of those cars, the dealers or the public. In other words, individuals can't do that because they aren't in the business of selling cars or building condominiums. It's recognizing all the potential available.

Daily Bell: Tell us about the work you have been doing in relation to state banks and the resolution for the State of Colorado.  

Marilyn MacGruder Barnewall: I recently wrote the legislation for the State of Colorado for state banks. The movement to create state banks is a growing one. I started writing about state banks a little over two years ago. Many people are very confused about what a state bank is. Basically, it is two things: it is an administrator and it is a correspondent bank. That's it. It is not the bank that sits on Main Street. A state bank also takes in tax revenues; all of the fees that are taken in by the state are held in the state bank instead of being sent to Washington or a money center bank.  In a state bank, the money is held within the state.

All the banks in, say, North Dakota, are privately owned by investors and they are chartered by the state bank of North Dakota. Now, national banks also still do business in the state of North Dakota. Wells Fargo can be there, Bank of America can be there, but there are about seven state chartered banks that are privately owned by private investors. The other part of state banking is the correspondent bank relationship. Right now, when an independent bank has a loan that is too large for it to make, it goes to a money center bank or a bigger bank to partner in that loan with them. So those are the two things that a state bank does.

People tend to hear "state bank" and think it's a socialized system of banking with the state owning the bank that sits on Main Street but it isn't. It's very much the opposite of that and a very conservative approach to banking.

Daily Bell: There are numerous additional states that are investigating the possibility of state banks.  

Marilyn MacGruder Barnewall: Correct. The problem we have is too much centralized power in Washington, DC and a lot of states have figured that out. Right now, you have Washington, Oregon, California, Hawaii, Montana, Colorado, Illinois, Florida, Virginia, Maryland, Massachusetts and a few others that are actively investigating the possibility of their own state bank. Let's go back to North Dakota, and look at the reasons why they did and the results they had and why other states are looking at state banks now.

North Dakota formed their state bank in 1919, 94 years ago. They have a tremendous history and a population of about 650,000 people. The North Dakota state bank, during the last 10 years, has paid the state treasurer more than $325 million from bank profits. In 2010, the worst economy in recent history, North Dakota had its largest budget surplus in the state's history. North Dakota tops the list of state economies year after year.

Now, state economies should be the number one concern of the people. State unemployment statistics are another issue and anyone who believes the stats that are being handed out right now are accurate is crazy. In Mesa County, where I live, the unemployment rate is 19.3%. In North Dakota, the unemployment rate is 3.3%. In 2009 and 2011 there were tax reductions in North Dakota. There are tremendous financial advantages to being a state bank and having a state bank and that is why all these states are looking into it.

Daily Bell: How does that differ from what Ellen Brown says?

Marilyn MacGruder Barnewall: Ellen Brown is very positive about North Dakota and the state bank concept. Where Ellen and I differ is fractional-reserve banking. If you look at what Ellen has written about state banks, she talks in terms of the large increases in loans outstanding for the state bank. With fractional-reserve, when a bank makes a loan of a million dollars, they send 10% or $100,000 to the Federal Reserve and they can get a credit of up to $900,000 in new loans. That is what has created "debt capitalism," and they want to bring the whole debt capitalism concept to the state level. I am adamant that if a state bank is implemented, the charter that is passed by the people prevents that debt capitalism from happening.

Daily Bell: Define 'debt capitalism.' Did you coin this term?

Marilyn MacGruder Barnewall: I started using this term a few years ago, but debt capitalism is where the emphasis for bank growth is placed on debt. Now, when I was a banker back in the '70s, we loaned our customers deposit-based loans. I think most people think that is still happening but that is not true with the fractional-reserve system that is in place today. In the past, we would loan up to 70% of our deposit base and we would be audited two or three times a year to make sure the quality of loans were good. In order for us to grow as a bank, or for any bank to grow in those days, the bank had to place emphasis on the growth of deposits. As you know, the only way you can grow deposits it to grow business, and that meant the bank had to be supportive of business growth within the community. If you do not have new jobs and new businesses, you are not going to have new business at the bank.

Today, a bank makes loans, gives 10% to the Federal Reserve and gets a credit to be able to loan 90% of the loan they just made to the public. So they are totally dependant on loans for growth, which has resulted in this entire debt mentality. In the old days it was always based on community business growth; new companies depositing and new employees depositing. Under the debt capitalism concept, which is not capitalism at all, in my view, everything is dependent on debt. It is how they create money out of thin air, and it depreciates the currency at the same time.

Daily Bell: If you have a state bank, do you have to have state currency?

Marilyn MacGruder Barnewall: The answer is no. Obviously, you                                                                                                  do not. North Dakota has had a state bank for 94 years and they use Federal Reserve notes because right now, that is the law. They also have a relationship with the Federal Reserve, which is the law, and the FBIC, which is the law. But if the federal system failed tomorrow, the bank of North Dakota would be able to clear checks for all of its member banks and all of their customers. They would be able to do all of the things that the Federal Reserve System does. With the other 49 states, if the federal system fails, the banking system fails.See, if the federal system fails tomorrow, North Dakota could create its own system in a heartbeat because it has a distribution system in place with its state bank. The other 49 states do not have a distribution system.

And as far as declaring sovereignty, there are a few things that have to be in place before you can declare sovereignty. You have to have a defined territory; of course, a state has that. You have to have population and a state has that. But the other thing you have to have is control over your own financial system and if you do not have a state bank, you don't have that.

Daily Bell: Good foresight on North Dakota's part!  

Marilyn MacGruder Barnewall: I have to tell you, I do not consider the Federal Reserve System in this country to be a legitimate central bank. I am hoping some of these states get state banks implemented before Congress passes some legislation to prevent it. At the moment, states have sufficient sovereignty to say, 'Hey we're going to have our own state bank.' The Federal Reserve is a private corporation; it is not part of the government and it has no authority over the independent states of the United States.

There are several states that have legislatively declared the right to be sovereign, like Alabama, Nebraska, Rhode Island, Wyoming, Washington, Indiana, Kentucky, Georgia, Kansas, Missouri, Mississippi and Maryland. So this goes to my question: Does declaring themselves to be sovereign make them sovereign? No, because they don't have a state bank system in place they don't have control by international law, control of their own system. All I am saying is that state banks are critical to the sovereignty process or to the creation of a new currency.

So when North Dakota implemented their state bank six years after the Federal Reserve was implemented in 1913, Eastern bankers said 'That's a socialist system!' OK, look at it today and tell me which system is socialist. North Dakota just had a national meeting for all state treasurers around the United States in September, and the state treasurer of every state spent a full day becoming informed about the Bank of North Dakota.

Daily Bell: Give us some idea about the process each state will go through to have a state bank.

Marilyn MacGruder Barnewall: It's a very interesting political process, and it won't be pretty. What I have found out about the resolution I wrote for Colorado is that nothing is going to happen until after this election because the big banks will fund their opponents. They will put lots of money into negative advertising.

State banks, if they're going to happen in this country, are going to come about because of a public initiative, meaning people getting petitions signed, getting involved, learning more and so on. A state bank will turn an economy around within a year if it is properly managed and properly run. But it is a political hot potato so politicians who cannot afford to have the negative publicity during an election year are passing approvals to study state banks rather than actual legislation. Is that crazy or what?

Daily Bell: You sound frustated about the process. Why did you leave the banking business?

Marilyn MacGruder Barnewall: There were endless changes that were not for the good. Basically, the Community Reinvestment Act that was passed in 1977 said bankers had to make mortgage loans to people who could not afford to repay them. if you didn't make the loans that the government said you should make, you would be penalized; you could be fined or they could deny you the right to expand or open a new branch. That bothered me.

Following this legislation came the low interest rates that Greenspan was putting in place. Suddenly the private bankers did not have time to make business purpose loans because suddenly everybody wanted to refinance their mortgage. That puzzled me greatly, I just watched what was going on and couldn't believe it. I thought, no government would do this kind of thing to its people if it wanted a healthy economy. It shocked me.

I wrote the first article about Fanny Mae and Freddy Mac back in 2003, called "Freddie Mac's Ethical Woes." You can see it at World Net Daily along with many other articles of mine. In July 2003, I wrote an article about Freddie Mac's problems. At that time, Freddie Mac was under investigation by the US Attorney's Office, the Securities and Exchange Commission and the Office of Federal Housing Enterprise Oversight. 

All these changes encouraged me to begin writing my first book, which ended up becoming two fiction books. When the Swan's Neck Broke was the first one. I wrote the book in a fictional format to try to explain fractional reserve banking to the American people and explain the destructive nature of the central banking system. It discusses what was happening internationally and talked about all the corruption that was involved. It also goes into education and what has happened to the education system and why it's so dumbed down.

Swan's Neck Broke came out in 2008 and last year, in 2011, Flight of the Black Swan came out, which was a follow-up to the first one based on how do we recuperate, how do we take down all this corruption? I ended up realizing that what we have to do is a series of citizen grand juries, to identify the corruption and get rid of it. You will have to read the book to find out how that ends. It turned out really well.

Further to my books, I have continued to write several articles on how the Congress literally has gone through the various pieces of legislation that made it possible for this takeover of the American government. It's disgusting. (See If We Don't Learn from History, Part 1 of 2 and Part 2 of 2).

Daily Bell: How would you restructure the banking system in America?

Marilyn MacGruder Barnewall: I would decentralize it, and I think that is the only way to do it. That is why I feel so strongly about state banks. State banks create decentralization of what is too much centralized power within the financial services industry in the United States.

Daily Bell: Would you further regulate Wall Street?

Marilyn MacGruder Barnewall: Well, one of the first things I would do is eliminate the Gramm-Leach-Bliley Act. I would put Glass-Steagall back in place. There has always been a need for a strong, big wall in between commercial banking and stockbrokers. I do not care how much JP Morgan calls itself a bank – it's a stockbroker; it is not a bank. I understand they like calling themselves investment bankers because it gets them respect or whatever they think, but commercial banks and stockbrokers, are two different things. There is a natural conflict of interest built-in between the two, from which we were protected by the Glass-Steagall Act. We the consumers and we the commercial banking industry were protected from the moral hazard that results from that conflict of interest until they did away with the Glass-Steagall Act. That is the first thing we need to re-implement.

Whenever government wants more power it ignores the regulations that are in place, and then everything goes to hell. I do not believe in a lot of regulation but I do believe you have to have the proper structure in place to minimize the conflicts of interest involving greed and corruption. But regulations are not worth the paper they are written on if they are not enforced and adhered to. We have to make sure that the financial services industry is structured in a way that does not encourage fraud, corruption and greed.

Daily Bell: Where do we go from here? What needs to be done?

Marilyn MacGruder Barnewall: I'll tell you what I think. In America, if we do not get state banks in place we are well over the cliff of economic disaster. I think the European Union is history. I believe Greece is going to default. The Federal Reserve System has totally devalued the American dollar and we can expect a depreciation of the dollar in the not too distant future. In my opinion, and no one has said this before, but I believe the state bank concept would work as well to solve the problems in Germany and France as it does in North Dakota. There's too much centralized banking power.

Daily Bell: Is there a power elite that wants to create one-world government?

Marilyn MacGruder Barnewall:  Absolutely. I think that has been the objective since the beginning. I believe that in order to get one-world government, they first had to have in place a world economy. Once they have all the world economic systems coordinated, it is child's play to flip into world government. I believe that has been the purpose. I also believe that economic failure internationally has been a planned failure and I believe the reason behind that planned failure is to create world government. The evolvement into technocrats and electronic money is horribly dangerous.

Daily Bell: What do you think of Austrian economists?

Marilyn MacGruder Barnewall: I agree with a lot of what von Mises says but I disagree somewhat on the gold/silver standard because I believe we need commodities as a whole to back our currency. In other words, I believe gold, silver, natural gas, coal, timber, fishing, etc., all of the natural resources of any state, should be able to back a state currency, for example. In my opinion, all wealth comes from the earth.

Daily Bell: Is the Internet making a difference in terms of getting out your message?

Marilyn MacGruder Barnewall: I have to say it is. You have to do a combination of public speaking and publishing to keep the message going. It's a very concerted effort.

Daily Bell: Do you have any other books in the works right now?

Marilyn MacGruder Barnewall:  Yes. I am currently working on a manuscript about one of the most intricate stories in the world right now. It will take some time to complete but it is about Ambassador Leo Emil Wanta who has been an intelligence operative since his teens and who reported directly to Ronald Reagan. This will be my final book of the trilogy, Swan Song for a Shadow Government, and should be finished in about a year. It will have a lot of biographical data and be more fact than fiction.

Daily Bell: Any other thoughts you would like to share?

Marilyn MacGruder Barnewall: One of the biggest things I have come to realize is that people's lack of knowledge, not just in the United States but people all over the world, as to how their own financial systems works is the reason that the powers-that-be have been able to perpetrate this rape of our financial resources, which is what it has been. It's a financial resource rape.

I also want to say that the reason I wrote my two books in fictional format, in an international, intrigue, intelligence, operative kind of book, is because it was the only way I could think of to get the attention of the American public. It's not a good situation. People need to learn more and do more.

My latest article about state banks can be seen here, "State Banks," with more at my blog, "State Banks: Resolution and Explanation."

Daily Bell: Thank you for your time, and your insights.

Marilyn MacGruder Barnewall: Thank you. The Daily Bell is very respected among the financial people I speak with. Most of them read it and I am very pleased to have this opportunity to speak about state banks.

 


Good for Marilyn MacGruder Barnewall for stating the problem. There is a power elite intent on creating world government. Because of the Internet, they're moving very quickly now, trying to put in place a full spectrum of functioning, global facilities. These include the UN (the legislative arm), the IMF (the central bank),SDRs (world currency), the International Criminal Court (ICC), NATO (world army),Interpol (world police), etc. 

It's pretty amazing that people don't see global governance being erected around them, especially Westerners, and can still say that those who speak of it are "conspiracy theorists." There is a conspiracy, all right, but it's being implemented by a handful of impossibly wealthy individuals who have been pursuing this goal for at least a century, if not more. 

These individuals control central banks around the world (having installed them, apparently) and use their control of hundreds of trillions to generate what they call a New World Order. The way it's been set up is clever. The US dollar itself has been the lynchpin. The Saudi royal family, thoroughly intimidated, recognizes only dollars for oil. This means that other nations have to hold dollars in order to buy oil. Thus, the US central bank can print almost unlimited dollars, "exporting" its inflation and using the proceeds for whatever purposes the power elite chooses. Obviously, they choose to purchase a lot of military equipment. There's a reason that the US spends more on its military than all the rest of the world combined. It's the power elite's enforcement arm.

It's a kind of closed circle in which the rest of the world pays for its own enslavement. The tributes flowing to America are re-invested into military equipment. In turn, those at the top of the American power pyramid − the shadow government − continue to restrict discoveries of oil to ensure that oil is mostly produced by Third World countries that are easily controllable. There's plenty of oil in the world, in our view, but if the dollar-reserve system is going to work, the supply of oil (and its discoveries) needs to be restricted.

There are other aspects to this plan, as well. What has never really been emphasized, it would seem, even in the alternative media, is the extent to which the Anglosphere power elites have used fundamentalist Islam to set up further world tensions. Wahhabism is the Saudi Arabian version of fundamentalist Sunni Islam. It is consistently exported throughout the Middle East by the Saudis but it never seems to occur to Western observers that the Saudis do NOTHING (important) without the approval of Western elites. If these elites didn't want Wahhabism available, it wouldn't be.

We've also written articles, along with some other observers of the world scene, showing that the Iranian revolution and subsequent fundamentalist Shia resurgence was likely Western-backed. And finally, we've shown that the many wars that the US and NATO are now engaged in prosecuting in the Middle East are overthrowing secular regimes and putting in place Islamic ones, courtesy of the Western-linked Muslim Brotherhood.

Step by step, methodically, Western elites are building up a "clash of civilizations" that will obviously further expand the phony "war on terror" that has already done so much damage to people's freedoms. The clash of civilizations has another advantage in that controlled governments the world over are implementing Draconian passport and visa limitations using the justification of war to do so.

Take a step back and watch the pincer movement closing. On the one hand, you have the rising drumbeat of war and on the other you have additional economic dislocation. Taken together, the elites are creating a worldwide crisis that will apparently be used to further activate world government.

How can people respond? Well, in our humble view, people should do what they can to live independently, even to the point of having independent food sources and access to other resources (including perhaps gold and silver money) that are not directly linked to state facilities. We have regularly offered the solution that people should strive to live in small communities and have a say over the larger bureaucracy that is all too often running their lives. 

Ms. Barnewall believes that state banks (call them regional banks) are an important part of the solution, and generally the idea of devolution is a sensible one, in our view. Of course, we've taken it further than Ms. Barnewall (or Ellen Brown) in the sense that we advocate a fully laissez faire society in which various kinds of money and banking can compete with other forms of compensation and capital-raising techniques.

We are not even so sure that banking itself is a necessary or at least important part of free-market societies, in that historically speaking, people have raised capital in numerous ways. The current "cult of banking" is a direct outgrowth, in our view, of the power elite's desire to have distribution facilities to offer-out fiat/paper currency. Absent the current distribution system, the financial landscape would be much changed.

But we have tried to be consistent throughout the years we've been offering the Daily Bell, and long ago we began to state that solutions such as the ones offered by Brown and Barnewall might be better, at least in the short-term, than what we have today. In the longer term, we hope that Western societies find their way back to REAL free marketsfree banking and generally monetary freedom. It existed, partially anyway, in the US only several hundred years ago. There's no reason why it can't or won't exist again. People will look back on the current environment as a kind of bad dream − an interregnum, not a reign.

We are not sure, however, that the kinds of free-societies that we (along with many others) advocate will come about because people simply will them into existence. More and more, we are convinced that the current trends will have to play themselves out at least to some degree. For this reason, we do not advocate using the current system to CURE the current system, as more and more are arguing. 

In our view, people should try to DROP OUT of the current system to the best of their abilities. If enough people do this, the current system will simply lose credibility and eventually cease to exit. There is not much to recommend it at this point, after all, unless you are a fan of continuing wars, inflation, depression, unemployment, corporatism and expanding global government.

What we call the Internet Reformation is increasingly bringing this state of affairs to the attention of Western citizens, and as this knowledge grows, changes are taking place. We tend to feel this is as unstoppable as any other trend and that the end result of the current sociopolitical, economic and military environment will be one that includes devolution as well as centralization and expansion.

Ms. Barnewall, in our view, is doing her part for devolution and smaller society with her advocacy of state rather than federal banking, and also with her books and articles on these issues. There's much we disagree with, philosophically about the idea of public banking, even at a state level, and, of course, we are not convinced that the state can ever manage ANYTHING effectively because at root, when you speak of the state you are speaking of an entity that will mandate obedience using force.

But within a real-world locale, anything that punctures the ever-bigger goals of the power elite is probably a healthy occurance. Ms. Barnewall obviously appreciates the REAL problem and is not afraid of stating it. She receives our admiration for her guts and we certainly wish her well, generally, in her endeavors. These days, smaller is surely better in so many ways.

 

STATE BANKING

 

 

Bankers Committed Fraud to Get Bigger Bonuses

February 2nd, 2012 by

 

Wall Streets Insights & Indictments

 

by Shah Gilani

Dear Reader,

In case you didn't catch the article titled "Guilty Pleas Hit the 'Mark'" in yesterday's Wall Street Journal, I'm here to make sure you don't miss it.

This is too good.

Three former employees of Credit Suisse Group AG (NYSE:CS) were charged with conspiracy to falsify books and records and wire fraud. They were accused of mismarking prices on bonds in their trading books by soliciting trumped-up prices for their withering securities from friends in the business.

By posting higher "marks" for their bonds in late 2007, they earned big year-end bonuses.

What a shock!

What's not a shock is that, after a bang-up 2007, Credit Suisse had to take a $2.85 billion write-down in the first quarter of 2008. No one knows how much of that loss was attributable to the three co-conspirators, who were fired over their "wrongdoing."

Two of the three accused pleaded guilty. Also not shocking is the reason David Higgs – one who pleaded guilty – gave for his actions. He said he did it "to remain in good favor" with bosses, who determined his bonus, and who profited handsomely themselves from his profitable trading and inventory marks.

As for Salmaan Siddiqui, the other trader who pleaded guilty? His attorney Ira Sorkin, the former SEC enforcement chief, said of his client, "What he did was the result of his boss and his boss' boss directing him to do it."

You know what else is shocking?

Everyone was dong this at all the brokerages, investment banks and commercial banks that had trading desks… and only three people have been charged.

What's even more shocking (though not to me) is that the "system" has been engineered over years to allow banks to hold riskier and riskier securities, with more and more leverage, and, in the most egregious affront to sense and safety, be allowed to mark their inventories (including exotic instruments that no one really knew how to price) based on internal "models" and extrapolated scenarios. Whatever that means.

Everyone up the chain, from the trader making bets to his boss, his boss' boss, all the way up to the chairman, eats off the same plate.

And you know what they say about where you eat…

Marking your trading book within the bounds of what you can get away with isn't exactly condoned, but neither is it frowned upon – especially at year-end, when bonuses are being calculated. After all, you'll always have next year to trade out of losses or turn them into winners.

It's about getting paid and how much.

But don't just blame the traders and their bosses. Blame the politicians and the regulators who tore up sound Depression-era banking laws and coddled big banks by "desupervising" them when deregulation didn't deliver the whole train to the station.

Find out where the mortgage-backed securities boom really started, who greased some of the steepest slopes, and why and how everything leads back to bonuses.

How Deregulation Ended Honesty in the Banking Sector

Here's what happened, in broad strokes (borrowed from articles I've written for MoneyMorning.com).

In 1988, the Basel Accord established international risk-based capital requirements for deposit-taking commercial banks. In a byproduct of the calculations of what constituted mortgage-related risk (traditional mortgage loans have long maturities and are illiquid), lenders were expected to set aside substantial reserves; however, "marketable securities" that could theoretically be sold easily would not require much in the way of reserves.

To free up reserves for more productive pursuits, banks made a wholesale shift from originating and holding mortgages to packaging them and holding mortgage assets in a securitized form.

That lessened asset-quality considerations and ushered in the new era of asset-liquidity considerations.

Meanwhile, over at the U.S. Commodities Futures Trading Commission (CFTC), the appointment of free-market disciple Wendy Gramm (wife of then-U.S. Sen. Phil Gramm (R-Tex.)) as chairman would result in her successful 1989 and 1993 exemption of swaps and derivatives from all regulation.

These actions would turn out to be consequential in the reign of terror that was to come…

In 1993, with her agenda accomplished, Wendy Gramm resigned from her CFTC post to take a seat on the Enron Corp. board as a member of its audit committee. We all know what happened there. (Wait a minute; I did say she was on the audit committee, right?)

Of course, Enron's fraud and implosion became the poster child for deregulation run amok.

It ultimately helped spawn Sarbanes-Oxley legislation, which has its own issues, but nonetheless has prevented all kinds of fraud and inappropriate behavior on account of the fact that top executives have to attest to the veracity of, and sign off on, all financial documents and other "stuff."

Now, don't lose any sleep over the fact that of all the CEOs and CFOs and other muckety-muck multi-multi-millionaire executives that ran and still run the too-big-to-fail banks and the banks and investment banks that did fail or were merged (because they failed but were valuable to banks who wanted to make themselves bigger so they would never be allowed to fail) ever were charged with any crime under Sarbanes-Oxley.

Why shouldn't you worry? Because, silly, there's a concerted effort to do away with the law. After all, don't you know, it hampers business from creating jobs, which we desperately need?

Hold on.

Sorry. I just returned from the bathroom, where I was getting sick.

Anyway, the constant flow of money to lobbyists and into legislators' campaign coffers was paying off for banking interests.

The Fed, under Chairman Greenspan, along with Robert Rubin and Larry Summers, was methodically deconstructing the foundation of the Depression-era Glass-Steagall Act.

The final breaching of the wall occurred in 1998, when Citibank was bought by Travelers.

The deal married Citibank, a commercial bank, with Travelers' Solomon, Smith Barney investment bank, and the Travelers insurance business.

There was only one problem: The deal was clearly illegal in light of Glass-Steagall and the Bank Holding Company Act of 1956. However, a legal loophole in the 1956 BHC Act gave the new Citicorp a five-year window to change the landscape, or the deal would have to be unwound.

Phil Gramm – the fire breathing free-marketer, Texas senator, and then-chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs (and loving husband of Wendy) – rode to the rescue, propelled by a sea of more than $300 million in lobbying and campaign contributions.

In 1999, in the ultimate proof that money is power, U.S. President Bill Clinton signed into law the Gramm-Leach-Bliley Financial Services Modernization Act, at once doing away with Glass-Steagall and the 1956 BHC Act, and crowning Citigroup Inc. (NYSE:C) as the new "King of the Hill."

From his position of power, Sen. Gramm consistently leveraged his Ph.D. in economics and free-market ideology to espouse the virtues of subprime lending, where he famously once stated: "I look at subprime lending and I see the American Dream in action."

If helping struggling borrowers pursue their homeownership dreams was such a noble cause, it might have been incumbent upon the senator to not block legislation advocating the curtailment of predatory lending practices.

Oh well. Let's not quibble with a Senator.

From 1989 through 2002, federal records show that Sen. Gramm was the top recipient of contributions from commercial banks and among the top five recipients of campaign contributions from Wall Street. (See my article "How Subprime Borrowing Fueled the Credit Crisis.")

Since moving on from the Senate in 2002 to mega-universal Swiss banking giant UBS AG (NYSE:UBS), where he serves as an investment banker and lobbyist, Gramm makes no apologies.

"The markets have worked better than you might have thought," he has been quoted as saying. "There is this idea afloat that if you had more regulation you would have fewer mistakes. I don't see any evidence in our history or anybody else's to substantiate that."

On April 28, 2004, in a fitting (and perhaps flagrant) final act of eviscerating prudent regulation, the SEC ruled that investment banks could essentially determine their own net capital.

The insanity of that allowance is only surpassed by the fact that the SEC allowed the change because it was simultaneously demanding greater scrutiny of the books and records of what were the holding companies of investment banks and all their affiliates.

The tragedy is that the SEC never used its new powers to examine the banks.

The idea was that Consolidated Supervised Entities (CSEs) could use internal "models" to determine risk and compliance with net capital requirements.

In reality, what the investment banks did was essentially re-cast hybrid capital instruments, subordinated debt, deferred tax returns, and securities with no ready market into "healthy" capital assets, against which they reduced reserve requirements for net capital calculations and increased their leverage to as much as 30:1. (Here's "How Wall Street Manufactures Financial Services Products," an insider's look at how greed on Wall Street results in unscrupulous investment instruments.)

When the meltdown came, the leverage and concentration of bad assets quickly resulted in the shotgun marriage of insolvent Bear Stearns Cos. to JP Morgan Chase & Co. (NYSE:JPM), the bankruptcy of Lehman Brothers Holding, the sale of Merrill Lynch to Bank of America Corp. (NYSE:BAC), and the rushed acceptance of applications by Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) to convert to bank holding companies so they could feed at the taxpayer bailout trough and feast on the Fed's new smörgåsbord of liquidity handouts.

There are no more CSEs (the SEC announced an end to that program in September). The old investment bank model is dead.

The motivation for bankers to undermine and inhibit prudent regulation is inherent in banker compensation incentives.

The Journal of Financial Research sums up the problem on compensation by concluding: "Firm characteristics that influence managerial compensation include leverage (as a measure of observable risk) market-to-book ratio of assets, size and shareholder return. Evidence suggests that Bank Holding Companies may be exploiting the deposit insurance mechanism because leverage is a significant factor in their results for incentive-based components of compensation. Our results strongly support the view that fundamental shifts in business activities of Bank Holding Companies have influenced their compensation strategies."

And we wonder if bankers are good people or merely compensation and bonus whores…

You do the math.

As far as telling you what's wrong with America – a lot of you wrote in to say you DO want to know – this is part of it. But we can see this part clearly.

What we can't see is how we really got here, where here is, and where we're going next.

You'll get that on Sunday.

Not because I want to ruin your Super Bowl Sunday. But because I hope you pass it along to the friends you'll gather with later in the day, and before the beer flows and the game starts, maybe you'll ask yourself and ask your friends… is this really happening?

Shah

BANKING FRAUD

 

 

Roadmap to Redressing Economic Terrorism in America

January 29th, 2012 by

 

http://www.veteranstoday.com/2012/01/28/heres-the-deal-fixing-america/

 

by  Gordon Duff,  Senior Editor

 

When the Cold War ended, a secret fund planned for by President Ronald Reagan had been set aside to rebuild America, pay off the national debt and reward Americans for decades of sacrifice. 

This was the real accomplishment of his presidency, one few knew of. 

As the funds finally came together, during the first years of the Clinton administration, instead of going to America, the man chosen to secure this legacy for America was put in a Swiss dungeon, then a mental hospital and eventually railroaded into prison on charges now admitted to have been “manufactured.”

Of the funds, only $4.5 trillion remain (plus interest, less taxes), belonging to Ameritrust Corporation, held for the American people.  This is some of the story of those funds and continuing attempts by politicians and bankers to continue destroying the United States through economic terrorism.

 

Many who read this will already know part of the story, some were involved, I am sure, in related operations.  I am part of that group.  The facts, documents, secret operations carefully vetted, confirmed, all now ready for release to those cleared for such, others are public domain.

It is our job to put out a story we are largely unauthorized to tell.

Of those who work in Special Operations and such things, I am one of the very few with a background in international finance.  This is not written for public consumption but I will publish it anyway, do with it as you will.  I am writing to our “community.”  You know who you are.

 

Whose Money Were They Lending? – Stolen Money?

Over the past few years, amounts of money and practices none of us had imagined have been hitting the news.

We hear one day that the Federal Reserve secretly lends out trillions of dollars illegally, yet these criminal acts by the Federal Reserve, though reported, are never investigated.

In fact, there is no agency empowered to audit or control the Federal Reserve whose very existence itself no one understands and, if they did, none would approve of.

It doesn’t say whose dollars or where they went or what America got in return.  We are led to believe they came out of thin air, went to places that are “none of our business” and were or were not paid back, also none of our business.

What happened? America got screwed.

Years ago, I had been asked to look after a former Reagan official named Lee Wanta.  Some of you will understand this sentence, who does the asking, and what “look after” means.

I knew he had been kidnapped in Switzerland and, though a diplomat, sent to the US and imprisoned on criminal charges we knew to be a total invention.

His personal attorney was Chief Legal Counsel for the Central Intelligence Agency.

My retiree job is as an intelligence contractor working with pro-US clients.  I “brief,” not interview.  I am not a journalist by trade.  I am one of the thousands of Americans that middle age has turned from a “knock in the back of the head” guy to someone who can talk his way out of a dozen foreign jails.

I am simply one of many Americans that few know exist, a Marine, a Vietnam veteran and someone who spent much of his life with his head upside down.

What Happened to Lee Wanta Actually Happened to All Americans

 

Who Stole the Money – And Who Did They Steal it For?

Ambassador Wanta has court documentation that he is owed $7.2 trillion dollars, private capital designated for one purpose, rebuilding the American economy.

The money was garnered through exploiting insane errors in the pricing of currencies and exploiting the economic policies of the former Soviet Union. Some of the profits had ended up in the Bank of China and were, according to legal agreement, repatriated to the United States, what remained anyway.

Initially, $4.5 trillion was transferred to the Federal Reserve Bank of Richmond while issues of law and taxes were negotiated.  This is the remainder of a larger fund, transferred into the US while litigation was to determine tax liability and little else.

Secretly, a group of individuals has been using and diverting these funds.

Why does the fund exist?  Wanta worked for Reagan, National Intelligence Coordinator and then was nominated by Senator Chuck Grassley of Iowa at Reagan’s request to take over as Inspector General of the Department of Defense.

Instead, Reagan assigned Wanta to a project to raise huge amounts of money trading currency.  Some of this is on the internet and much of it is correct.  The total amount raised, based on collateral supplied by the US Department of Treasury in a secret intelligence operation was 27 trillion USD.

Over the years, all but $4.5 trillion was stolen, much of it by a previous US president, some by the CIA, much by banks.  Years ago, I was sent account numbers on some of the money and tried to locate it in concert with foreign intelligence agencies. 

I would have returned the funds to the US government.  Included is 2000 tons of gold, and dozens of bank accounts around the world.  I have the account numbers, talked to the bankers and even, in one case, went directly to a chief of state.

 

What Has Been Stolen by the MegaCrooks is Beyond Imagination

Stolen cash is impossible to recover when half of it is paid out in bribes. As most of what I am writing is probably classified, let’s pretend I am making this all up.

Anyway, back to Wanta.  During this time, Wanta had gone to court to recover his funds, which had grown to over $7 trillion.

The rest of the money, much of which came from currency trading at the largest scale in world history, we will never find.

Now a court has ordered Wanta to receive his money.

The company to receive the money is Ameritrust.  The board members of Ameritrust are well known public people, a former Vice President, senators, generals and admirals and, of course, me.

The money is, officially, in the Federal Bank of Richmond and the order to return the funds was signed by the President of the United States based on an agreement with the Federal Courts.

Involved, over a period of years, is a group of people every American will know, from presidents and vice presidents to the heads of the Federal Reserve, Secretaries of Treasury, names like Bush and Cheney, Paulson, Bernake, Al Gore, some names working for America and too many trying to steal part of the money for themselves.

(Fax header from “deep cover” classified memo directly to President Bush)

 

When you heard news stories about the Federal Reserve making secret loans to the crooked ”bail out banks” that weren’t authorized by congress, they were lending out the $7.2 trillion “Wanta dollars” ordered paid by President Obama and the Federal Courts.

If you wondered how the Federal Reserve, that couldn’t print a few billion dollars without authorization from congress, lent out trillions that technically didn’t exist with no permission at all and there was no investigation, no questions asked and the story forgotten a day later, you will begin to understand by the end of this.

You will be extremely upset and angry also.

Thus far, here is part of that settlement I can tell you of but first, I had Wanta checked out.

To do that, I went to a top army intelligence officer from the Pentagon, one who had been Defense Attache to Israel and who had worked in Special Operations, war plans, clandestine operations and such since he was an A Team leader in Vietnam. I put him on with Wanta for hours and had Wanta interrogated.

Wanta knew dozens of the highest classified operations in US history, knew every Pentagon official including much highly detailed personal information. To our top Army intelligence officer, we were able to confirm that he was, unquestioningly, working for years at the highest levels of US intelligence.

The man who grilled him still hangs up the phone whenever I mention 9/11, a close personal friend of Israeli Prime Minister Netanyahu.

This is the deal:

Ameritrust agrees to buy $1 trillion in 10 year treasury bonds, which will finance America’s national debt for the next year.

Ameritrust, as outlined by the court, agrees to pay $1.7 trillion in income tax, reducing the national debt significantly overnight.

Ameritrust has set aside $6 billion for disbursement, under my advisement, monies for two purposes:

1.     Development of a program to end veteran homelessness and save a generation of young veterans.  This is entirely privately donated money.  A non-profit entity exists and programs can start today.  Not one cent will be stolen or diverted.

2.     Fund efforts to aid in closing the US border and put a 100% end to illegal immigration and drug trafficking.  This involves billions of dollars, carefully administered, with the full cooperation of state and local officials who have already been consulted and are onboard.

Ameritrust has set aside, minimally, $1 trillion USD to build a high speed rail system for the United States with almost all components domestically constructed.  This system includes stations, hotels and much more.  The minimal impact will include:

1.     Initial employment will begin at 80,000 with full employment in the manufacture, installation and security of this system 400,000 new jobs, all privately financed without one cent of taxpayer money.

2.     Veterans will receive preference on all jobs but, as is obvious, employment goes well beyond our available veteran community.

3.     Required technologies and the entities that control such will be purchased and manufacturing facilities will be located within the United States.

The economic impact on other transportation systems, particularly airlines, has been predicted and funding is available to minimize disruption.

America, of course, will become the world’s tourist destination, travel costs for top domestic destinations will lower by a minimum of $65% and no debt will be involved.

Four hundred thousand paychecks will put a dent in the recession the recession, produce tax revenue to allow additional pay down of national debt and, for the first time in decades, actually raise the standard of living in America.

This is all documented.

Studies showing lowered emissions and freedom from oil imports are almost frightening.

All this does, of course, is give Americans things that other nations around the world have had for years but at lower cost, financed through the foresight, frankly, of President Ronald Reagan.

 

This entire project was his plan. He entrusted the currency trading critical part of it to Lee Wanta, who some now considered the greatest intelligence coup of the Cold War.  I had no idea.

That we are dealing with it now is because criminal elements within our government and financial industry including the Federal Reserve System have subverted this plan, ignored court orders and violated so many laws we can’t even count. They believe they can claim immunity and hide behind an national security justification.

This money is here today, it is 20 years old, it requires no new currency issue, it pays down debt and adds nothing but jobs, revenue and hope.

To stop this from moving forward, Wanta was kidnapped and jailed, court cases involving the top lawyers in the United States have gone on for 6 years and millions have been spent to either keep this out of the press or misrepresent facts that exist on enough legal documents to fill a Fed Ex van.

 

More than that, laws of diplomatic privilege have been violated and, a more serious security threat, Wanta was protected by federal statutes that protect intelligence agents, statutes misused by Oliver North and others, in this case, were as though they never existed.

Laws meant to protect America are now laws of convenience, used when they serve the banks or own our politicians, violated when patriots need to be silenced.

At one point, Wanta was put in a mental institution.  He gave the psychiatrist a telephone number to call.  Vice President Al Gore answered and confirmed Wanta’s identity.

Vice President Gore also confirmed that he had been informed that Lee Wanta was dead.  When Gore learned Wanta was alive in the room, we suspect this is why Wanta is here and the Reagan/Ameritrust program is coming back to life.

The psychiatrist ordered Wanta’s release.  Instead of release, he was jailed and the psychiatrist “warned” and then fired. We can prove this.

You have heard these stories a dozen times, Sibel Edmonds, John Wheeler III, Susan Lindauer and a hundred names you will never hear.  Ask why Senator Paul Wellstone of Minnesota and his family are dead.

This is the real world we live in, why we pay so much for gas when the world money markets have crashed, when demand is nothing but prices rise daily and nobody ever asks anything.

We Want to Know

What we want to know and “we” is not a harmless bunch of cranks.  “We” means many of the people who formerly and currently represent key “capabilities” that protect and defend the United States.

We want to know why, for years, the Federal Reserve illegally “loaned” trillions of dollars to banks that claimed they were insolvent, money in escrow and not under their authority for distribution.

We want to know why, for years, the Secretaries of Treasury authorized these illegal acts which have been reported in the news but never investigated.

We want to know where the trillions of dollars are in profits that were generated by using this currency to collateralize offshore transactions never listed by the banks who received the illegal loans.

Read that one again until you understand the extent of what I am saying and how obvious all of this is.

The money has been there to put America on her feet. Nobody ever explained how the Federal Reserve could lend trillions of dollars “illegally,” money never under their official control but rather under the supervision of the Federal District Court of the Eastern District of Virginia.

In addition to funding existing legal authorities to end illegal immigration overnight and begin a real war on drug trafficking, at some point there will be unpaid state income taxes totaling over $200 billion dollars.

We have the full backing of state governors, select members of congress and those financial leaders who choose to profit from honest business instead of insider trading and financial scams. This means “change.”

What we demand?

We want monies owed and ordered to be paid as law requires to be paid.  All we are demanding is restoration of rule of law in accordance with existing court orders and legal judgements, nothing more.

We also have law enforcement and intelligence officials who tell us that they will never sleep another night until they have hunted all these people involved down and have seen justice done. 

They say they are willing to spend their lives hunting assets, even to the ends of the earth, beginning with vacation homes, yachts, family trusts, safe deposit boxes, anywhere on the planet and that existing laws covering money laundering and terrorism give them the needed tools.

 

How Many Were Involved in Cooking the Books?

The term I keep hearing is “continuing criminal enterprise.”  I am more a builder than one to seek retribution but others are not so forgiving.  We believe this is why funds are being held up, out of fear.

As there is enough money here for Ameritrust to be the most powerful congressional lobby, being a “corporate person,” the richest ever imagined, think of the irony. 

The laws meant to deprive Americans of their rights being used to restore democracy and rule of law.  The idea is frightening.

As billions are assigned for veterans relief at a time of extreme national emergency, failure to do so is unthinkable.

America was never intended to be what it has become.  We have the funds, the plans and the people to begin a rapid and well conceived turn-around of America.

This is a plan of investment in America, of hard work, of the most extreme form of financial conservatism thinkable.

This is about work and paying taxes and building in America for America by Americans.

Ask yourself who has been blocking this, who is above the law?  Court documents on all of this, as required by law, are in the public domain.

Welcome to any who think this is less than we say.

Editing: Jim W. Dean

Dear Folks, You may get tired of hearing this but I am going to say it once again. We have to take ownership of this problem. If we let them get away with this and keep their ill gotten gains there is absolutely nothing they will fear doing to us in the future. Only a conquered, defeated people would accept such a humiliation.

Fortunately, as the WOT has expanded the Special Operations Forces to 50,000, many are becoming aware of this situation and needless to say are more than a little unhappy about it. Add in legions of ole time civilian and military Intel people and we have a multi-generational trained and well motivated group of leaders ready.

CORRUPTION

THE BUSH CABAL NUKING THE OUTHOUSE!

January 27th, 2012 by

 

http://tdarkcabal.blogspot.com/2012/01/january-18-2012-white-hats-report-34.html
 

The White Hats and Ed Falcone have been in London all this week meeting daily with key parties interfacing with the House of Lords and UK Agencies. Multiple agendas are in play at the highest levels.  The White Hats are using the U.K. arena to commence their work due to the total control that the Dark Cabal … Bushes, Clintons, Obamas and all of their Minions … has had in the United States, including the American Main Stream Media. It is difficult to believe the Bushes have gone undetected for 50 years with a hidden agenda that is so deep they have compromised every American virtue. 

Look at some of the items we are working with: 
•  Nominee accounts used by parties fronting for the CIA and Bush Sr. /Josef Ackermann/ Michael Herzog and Paul Guenette, are being discussed and tracked. Using the integrity of the London Capital Markets to fund unauthorized Agency and Military activities, as well as to self-enrich key Political and Government employees, is also under review and being evidenced to appropriate authorities.  This week and next, as exposure mounts, more will be presented and played out.

•  A vast multi-Trillion dollar fraud involving a Central Intelligence Agency owned Foundation known to us all is also under formal investigation by the British authorities with the Attorney General being kept appraised. This Foundation is bypassing Congress, but benefiting the Federal Reserve Bank of New York, Homeland Security and private parties. A well-known Asian Fraudster, Wilfredo Saurin, has been allowed to gain a complicit, FRB NY supported role, protecting him from arrest as an Agent of these entities. Working in conjunction with FRB NY, Saurin and corrupt Bankers have been instrumental in assisting cross wired bogus asset backed SWIFTS, which have been used to generate MTN’s and to participate in substantial inter-bank trading.  A complex arena of fraud is now being unraveled. The records are lodged with investigating authorities. The White Hats have copies of the governing documents and the chain of SWIFT sequences and the accounts used.

•  As part of this very deep investigation, Edward Falcone’s case has also been raised as a further example of the criminal complicity of banks, and the extent to which the Shadow Government operates with impunity.  To start, the Banks involved and the Bank auditing firms will be officially put on notice to respond to their obvious negligence in enforcing international banking regulations and money laundering laws.

The money stolen from and owed to Ed Falcone would have been used to fund United States projects including Florida, the Gulf Coast region and Katrina victims, as well as city regeneration, jobs, taxes, recovery, and dignity for Americans.  Instead, Falcone’s money ended up with the Bush Cabal, U.S. Presidential Candidate Mitt Romney, Vice President Joe Biden, Michael Herzog, Paul Guenette, Texas Lt. Governor David Dewhurst, his brother Don Nevin, and the CIA agents used to launder it across multiple banks for Bush Sr. and Biden.

The Cabal has publicly refused to acknowledge the unknown and unregulated extent of their wealth generation, the extent of their cross entanglement with the world drug cartels, their funding of clandestine operations like rendition torture centers, and self severing rogue agendas are just a few of the operations of this group.

•  When will Herzog, Guenette, Dewhurst, and Nevin be arrested to start the process of Law? One morning they will all wake up to find a worldwide media firestorm has been unleashed and they are all named and shamed.  It is an abhorrent betrayal of an American citizen and humanitarian projects lost to thieves. The White Hats and UK agencies have been allowed unfettered access to review the enormous depth of support documentation behind the Falcone case.  London, Frankfurt, Germany and other EU based Traders are all cross linked and identified. Banks, trades, monthly profits and returns are all on record.  There are criminal cases for Wire Fraud, domestic and international bank fraud, Securities Fraud and RICO for institutions and individuals.   Volume after volume has been documented and evidenced.  Herzog has threatened to take down Bush when he is exposed and there is enough evidence to directly incriminate both Herzog, Guenette, Dewhurst and Nevin many times over. Commerzbank in Frankfurt, Germany and Fed records are all held including the Isle of Man Banks used to hide profits and all other illicit activities. Equally exposed on record are the named Nominees they tried to hide their profits behind, including amounts the Traders used, along with all account information. One day, Mr. Herzog, Mr. Guenette, Mr. Dewhurst, and Mr. Nevins… That knock on the door is coming for you.  Never thought you’d be reading this, did you?  Your arrogance will be your undoing.

•  Bank accounts on record with Bush Sr. and son, Jeb Bush, are counter linked as signatories.  This will have a huge impact on poor Jeb’s political aspirations even though he may not have been involved in the original heist.  Those co-signed accounts exist and are also part of the Falcone evidence files.

•  Obama has been busy accepting funds from numerous sources and are held in his very own offshore bank accounts. This information is held by Falcone’s attorneys and the White Hats, and will be further exposed as he attempts re-election.  Obama, do you not think we are going to let the American public know about your dirty, corrupted self?

•  Why have Bill Bonney and the Argo Trust still not been settled?  Just these two elements of the Global Settlements represent Trillions of dollars for American Projects, jobs and the elimination of the US national debt of 15 Trillion dollars. 

Again, Herzog threatened he would expose Bush Sr. if he’s made to pay back what they have stolen.  ARREST HERZOG AND GUINETTE, AND CLEAN UP AMERICA!  Arrest Dewhurst and Nevin, and impeach Biden.  Let the White Hats expose the criminal activities of Mitt Romney!  How can Mitt run for President when he is responsible for hundreds of offshore bank accounts that have skirted U.S tax laws?

Americans have no idea that the Shadow Government and the Military Industrial Complex take not only 55% of all known accrued U.S. Tax income, but also works in conjunction with the co-owned Cabal Federal Reserve Bank of New York, which maintains a vast unauthorized Ponzi Pyramid Cash Machine hidden from Congress. 

These groups engage in so many clandestine activities often beyond the rule of law or ethics, while our inner cities decay and collapse as crime and drugs thrive.  This money feeds the Cabal, not our own people.  Multi-Trillions are squandered annually paying for this Second-Tier Government, unelected and unchecked, answering only to Agency Shadow bosses like Bush Sr. and Senator Jay Rockefeller, etc.

Again, Wilfredo Saurin, a well-known Filipino crook, acting for, protected by, and in complicit conspiracy with an Agency controlled Foundation, FRB NY, and JP Morgan Chase, has implemented the release of bogus and fraudulent SWIFTS, which have been used in a trading sequence, with no Congressional knowledge or authorization, to cause the issuance of $15 Trillion dollars’ worth of MTN’s.  The MTN’s are not only re-credit lined, but capital used to reverse MTN and Euro overnight spot trades via London and other EU banks.  All these players work hand in glove with these crooks.  This fraud inquiry is now under way.

The White Hats have access to the morally good and highly connected associates both in place and in play, right now each day, willing to help recover a good part of that money for the benefit of America and the world.  We need accessible courageous US Congressmen.  As we reported previously, there is a solution to regenerate The American Economy, American Jobs, and American Wealth.  RELEASE THE MONEY TO REFUND THE GLOBAL SETTLEMENTS and SAVE THE WORLD!

However, we have Romney being prepared for office – A dubious man who stole Ed Falcone’s funds and pocketed a Billion for himself.  We also have an illegal President with no Birth Certificate, with his hands in the pockets of Wall Street, with some very dangerous socialists and communists advisors, and America’s own fanatical version of Dr. Strangelove — conspiring and planning to get Jeb Bush elected as the next Vice President, or even President, once the pending writs are served on Romney.  It looks like Romney may also face real IRS investigation soon on his false Tax Returns.  We must ask the IRS — What about Romney’s offshore accounts with money he earned from the theft of the Falcone funds?  Is your boss Geithner NOT letting you investigate the corruption?

The Agency Foundation and Obama tried desperately to get the 15 Trillion back from London but the banks won’t release it.  Britain and America need to work together on this. WAKE UP CONGRESS!  Those funds can be recovered in a deal with the United Kingdom!  If you do not have the ability to step to the plate, The White Hats Do! Let us get the deal done.

Both the United Kingdom and America have been so badly screwed.  America has simply become far too crooked for Justice to be accomplished here.  America’s future and fate may well be playing out as these treasonous parties are exposed by Old Empires, whose own authorities are now availing themselves of the sordid facts.  All records are being presented live and directed to Agency heads who are currently evaluating the hard-to-swallow evidence now placed before them.  When you can’t get Justice at home, sometimes you have to get it another way.  Again, at this very moment, all the facts, supporting evidence and brutal yet sordid truth, is being exposed naming and shaming those responsible for the deplorable and duplicitous conduct of our Leaders and Global Banker cohorts, including Ackermann of Deutsch and the full Commerzbank Traders and other connections.

It took many years to bring down Capone, and the Teflon Don. Focused dedication got them in the end.  The spirit of Elliot Ness lives on. Because you don’t see it, doesn’t mean it’s not happening.  All the evidence and facts are right now under appraisal by Foreign Enforcement Agencies who, in consultation with others, will select the route and time to unleash justice and retribution.  We will not compromise sensitive incriminating evidence needed in court by pre-publishing.  Just know we have it, it’s all there and it’s all playing out. 

We will be in touch.  Remember to keep a close eye and ear on the inner sanctums of Great Britain as the exposure is delivered to that great Sovereign body.

 

CORRUPTION

 

 

CENSORED BY SOPA!

January 19th, 2012 by

http://anationbeguiled.com

 

http://anationbeguiled.wordpress.com

 

CENSORED

BY SOPA

 

WHAT IS A PATRIOT?

 

A PATRIOT DEFENDS HIS COUNTRY FROM HIS GOVERNMENT!

 

ALL THREE BRANCHES OF OUR GOVERNMENT  ARE UNDER THE CONTROL OF THE INTERNATIONAL BANKING CARTEL, SO NOW WE HAVE TO PROTECT OURSELVES.

WILL YOU FIGHT BACK OR LAY DOWN?

 

FOLLOW THESE LINKS AND LEARN, THEN CALL YOUR DC SCUMBAGS AND RAISE HELL!

 

Compromise ‘Unlikely’ as Protests Grow Against SOPA

 

Why We’ve Censored Wired.com

 

Internet Censorship Bill Authored by Bob Goodlatte…

 

SOPA protester on the streets of Tucson. (qik Video)

 

SOPA: Co-sponsors Defect, Backtrack After Blackout

 

The Secret Behind SOPA

 

ACT NOW TO STOP INTERNET CENSORSHIP

 

STOP PIPA (Senate 968) & SOPA (HR 3261)

Hello all,

On Wednesday, January 18th, OpenCongress is proud to join the global online action against the "PIPA" Internet censorship bill. We're voluntarily restricting access to OpenCongress to protest PIPA (S. 968) and its House companion bill, "SOPA" (H.R. 3261) — together, the worst Internet legislation in history. 

PIPA is an existential threat to our mission of public education through technology and free political speech online. The Internet is the most important innovation of our time for a truly representative democracy. PIPA establishes a dangerous legal framework for censorship of sites like OpenCongress, which brings together data about what's happening in government from a wide variety of sources. 

If you value OpenCongress and the information we provide, call the D.C. offices of your U.S. senators and urge them to vote against PIPA. Find your senators' phone numbers and step-by-step calling instructions here: whip the Senate against PIPA.

PIPA is a perfect, egregious example of systemic corruption in the U.S. Congress and how corporate money directs the political process. It is vital that the public registers our opposition before the Senate rushes to vote on PIPA as soon as it returns next week, Tuesday, January 24th. 

The Participatory Politics Foundation, our non-profit organization behind OpenCongress, is a founding member of the American Censorship coalition. For more information on participating sites and to join the protest, visit: SOPAstrike.com

Stop PIPA!

-David & the OpenCongress Team

 

THE FREEDOM TO DISSENT IS

WORTH EVERY KNOWN

SACRIFICE !

 

 

WARNING: THE CRASH IS NOW IMMINENT

January 18th, 2012 by

Carl F. Worden

January 14, 2012

It looks like Greece is about to completely default and be ejected from the European Union.  If the majority of the pundits' fears prove true, it will result in a domino-effect for Italy, Portugal and Spain, among a few others.  As a result, the actual and psychological effect could very well cause the Stock Market to plummet, but unlike the ups & downs that normally occur, this time I see the Market falling — and keep falling.  If you are invested in stocks in any way, be it a 401k or a regular stock portfolio, you could lose a lot of money that will not come back as it has in the past.  The European economic disaster is going to drag the entire world economy down with it, including the U.S. and even China.

The Occupy Movement people don't really understand the exact cause of their pain, which is why in interviews, the protesters seem to be just plain angry at everything in general.  Principally, they are angry because they don't have jobs waiting for them upon graduating college, instead being socked with a nasty student loan they can never file bankruptcy against — or pay off.  If you ask the average Occupy protester how he or she feels about former President Bill Clinton, nine out of ten would gush praise for the man, yet it was President Clinton who in 1994 signed the free trade agreement called NAFTA, the North American Free Trade Agreement.  It was that act which set into motion all the problems facing the United States today, but because it took so long to have a felt effect on the majority of Americans, nobody remembers Ross Perot's dire and dead-on accurate warning that prime, family wage-paying jobs would leave the United States en masse.  The job losses didn't sweep America right away, so Americans went about their lives not realizing NAFTA was the most destructive and treasonous act ever committed against the United States and its citizens.  Just to show you how uninformed people are, the last time I saw an approval rating for former President Clinton, it was a solid 55% — far more than our current president has.  That is how sadly ignorant the average American is.

Now here is where it gets interesting:  Bill Clinton signed NAFTA into law against the wishes of his own Democrats!  That's right, Occupy protesters, your demi-god Bill Clinton entered into an unholy alliance with corporate-lap dog congressional Republicans to set America on its path to ultimate economic destruction which just might manifest itself in a huge way this coming week beginning January 16, 2012.  It was President Clinton and the Republicans who caused this flaming disaster, and nobody is writing about it except a few people like me — and Ron Paul.

What led to NAFTA was pure greed on the part of corporate America.  In order to take advantage of low labor costs in other nations, the trade protections and tariffs that protected highly paid American workers from unfair foreign competition were dropped with the enactment of NAFTA.  The moment those trade protections were eliminated, our large, multi-national corporations went to work building manufacturing plants in China, Mexico, Indonesia, etc.  Once those manufacturing plants were complete and low-paid foreign employees hired and trained, our corporations began laying off their American labor force and closed up nearly every American manufacturing plant.

Many people blame the corporations for their greed-lust and their lack of patriotism, but that is because they never understood that corporations have but one duty under the law, and that is to provide the highest, legally earned profits for their shareholders that they can garner.  Prior to the enactment of NAFTA, it was unprofitable to manufacture in foreign nations and export the products to the U.S. due to the tariffs and other trade protections that forced the retail cost of foreign-made products to be as expensive as the higher-quality American products being produced.  But after NAFTA was signed into law, it would have been foolish (and arguably illegal) for any American corporate manufacturer to remain in the USA.  NAFTA allowed American manufacturers to take their trade secrets and technology with them when they began manufacturing offshore, and that allowed them to produce products of the same quality as were made in the U.S. previously, but at a much lower cost.  Thus, corporate profits soared, and so did the Stock Market.

The rise in the American Stock Market was misinterpreted by many to think America was just as prosperous after NAFTA as it was before NAFTA, but the profits produced were being earned in other nations instead of the U.S.  In the meantime, Americans were being laid off here and there, and it was that gradual degradation of the American job market and the eventual downturn of the economy itself that escaped the attention of most Americans who blithely and ignorantly went to work every day thinking all was just as well as it had ever been.  Nothing could be farther from the truth.

The enactment of NAFTA was similar to exploding a relatively small bomb inside a large dam.  It created a small crack in our economy that didn't seem threatening at first, but the profits that once flowed to the United States and its people through investment and employment very gradually flowed through the NAFTA-caused cracks to benefit just about every other nation BUT the United States, and the American job losses have finally reached the point where every American knows several people who are unemployed and in dire financial straits.  The negative effects of NAFTA took so long to manifest themselves (18 years) that few Americans realize today that it wasn't the housing bubble or big corporate and bank bail-outs that caused all this, but NAFTA.

You see, once people began losing jobs, they still had good credit and they still had credit cards, so it wasn't apparent to their neighbors that they were struggling.  About that time, the housing bubble was beginning to brew, so many people who thought the job losses were just a hick-up that would pass began supplementing their income needs by filling up their credit cards and making very dangerous investments flipping houses, often refinancing the homes they lived in to the max so they had the cash to flip homes.  But when the housing bubble burst, those same people were left holding real estate they couldn't flip, and because they had refinanced all the equity from their residential homes to come up with the down-payment cash on those shoddy, dangerous investments, they lost not only the homes they hoped to flip, but their own homes as well.

Next, here comes the Federal Reserve and the U.S. Government to bail out most of the banks and investment houses who faced complete financial annihilation because they were left holding all the properties being abandoned by the former individual investor/flippers to foreclosure.  With high unemployment easily topping 20% in real life terms and a housing market flooded with foreclosed homes offered at ever dropping prices, the "regular" housing market prices are being depressed to compete for a dwindling number of qualified home buyers.

All this, every bit of it, stems from the enactment of NAFTA in 1994, and the water has been slipping through the cracks ever since, but at a faster and faster flow until we have finally reached the point most people only now realize the damage it caused.  NAFTA started the whole thing.  NAFTA gutted the United States of America, cost millions of jobs and the only beneficiaries of NAFTA were and are the multinational corporations, most of which were born and bred right here in the good ol' USA.

The powers that put NAFTA into motion are the same powers that are committed to seeing Mitt Romney succeed as the Republican nominee, because Romney is a big corporate guy and they know they can control Romney.  Barack Obama has received millions of dollars in campaign contributions from multi-national corporations domiciled in the United States for exactly the same reasons.  Both Obama and Romney are playing along with Wall Street, so the powers that be will be happy if either one wins.  Ron Paul, however, scares Wall Street to death, and for very understandable reasons.

 Ron Paul will stop all this nonsense in its tracks, IF he gets elected.  There is a lot of money riding on this election because the very few wealthy 1% or whatever they want to be called, got that massive wealth as a direct result of the implementation of NAFTA, and they would like that trend to continue no matter what happens to the rest of the 99% left floundering in America.

If they only knew the truth, every Occupy Movement sympathizer would realize Ron Paul is the only candidate they NEED to vote for, regardless of who they think they want to vote for.  Romney is prettier, so a lot of women will vote for him on that basis alone.  Obama claims to be the champion of the Middle Class, and he's fooled a lot of liberals to support him at the same time he's accepting fat campaign checks from the same corporations the Occupy people want to burn down, yet the Occupy people largely support Obama anyway.  No wonder they aren't getting any respect.

I just sent Ron Paul a check for $200.00.  I hope he buys a decent bullet-proof vest with it, because I think he might need it.

Carl F. Worden                IMPORTANT WARNING BELOW

 


 

 

01 18 12 CAFR1 NATIONAL POST

01 18 12 CAFR1 NATIONAL POST ARCHIVED AT – http://CAFR1.com/transition.html

Very Important:

Local governments consolidating into one merged power hub

by Walter Burien – CAFR1

01/18/12

I noticed this first per Massachusetts. The State consolidated control and ownership of all counties in the state by merger of all counties into the State. This happened over a decade ago in Massachusetts.

The 'kicker" in addition to merger of the counties the "State" before this was done the "State" changed their government status from the "State" government of Massachusetts to the "Commonwealth" of Massachusetts. This transition was implemented by the "State" prior to 1995.

The big point here is that: "Private Associations" were used over the last 75-years to transition local governments from what we use to know government as into "Corporate" for profit enterprises and did so by direct consult over the years.

The structure of the "Commonwealth" of Massachusetts over the "State" government of Massachusetts, at the stroke of the pen overseen and checked off on by key player "Attorneys", implemented the transition from a "government" entity into what could be more closely considered a "Private Association".

The implications here are grave specifically as would apply to the transfer and masking of public wealth. The People own government, they do not own private associations. The same would apply to wealth transferred from "State" holdings transitioned into the "Private Association" holdings of the "Commonwealth" of Massachusetts..

Leave the liabilities under the "State" government shell and transfer the wealth holdings to and under the "Commonwealth" association.

This was done right under the noses of the Massachusetts residents and done without a clue given that it was being done to the Peoples of Massachusetts. The same is covertly taking place in NJ, PA, CT, and many other states.

The shell structure of government is being left in place as the wealth and stewardship responsibilities are transferred to the Private Association, or as in Massachusetts  case when transitioned from the "State" government of Massachusetts into the "Commonwealth" of Massachusetts.

When this transition took place about two decade ago, Massachusetts no longer produced a "State" government CAFR (Comprehensive Annual Financial Report). The CAFR was now produced under the Commonwealth of Massachusetts. The State Court  System and Financial operations were also transitioned into and under the same "Commonwealth" structure.

Mit Romney is the Presidential pick to be promoted by the syndicate being the prior governor of Massachusetts. He is versed on operating procedure to implement the same nationally. That will be his primary mission if elected President and thus the Syndicate is moving forward full steam utilizing all of their contacts and tactics to force Mitt Romney's win as President.

I note Barack Obama as an attorney and current President is attempting to consolidate through restructuring federal government into the same transition.

This communication needs to go viral in all circles. Let all comprehend what is taking place right in their face and under their noses.

For government to be: "For the People by the People" this transition needs to be stopped cold in its tracks and reversed. It is well under way and if the roots of its structure hold it will no longer be: "For the People by the People" but For the Association by the Association" under the direction of the association's minions of attorneys direction.

As quoted from the front page of CAFR1.com as the bottom line at the end of the page:

"It appears that many attorneys have now taken over the House, Senate, and Governor's office. The separation of powers doctrine mandates attorneys being officers of the court (Judicial branch) that they should not be able to run for public office (Executive / Administrative branch)

Stop this now!

The ROOT of the corruption / graft / destruction of our country is coming from this breeding grounds. Here is why you are being bled dry! The very corrupt from the judicial branch have slithered their way into elected and appointed positions within the executive / administrative areas of government.

Again, it is the nature of this beast to bleed you dry, if they can that is..

If you from this point forward VOTE for an attorney running for office, you are more than foolish, you aid in the assured degradation  and plunder of your own country.

Remove these attorneys from public office NOW! Mandate a ten year lapse from being an officer of the court BEFORE an attorney can run for public office and ten years after leaving office. This is a must to do NOW. It is NOT an option. Make this the LAW NOW in your City, County, and State. You now know why you are being bled dry. It is the NATURE of this beast.

THEY SAY THIS IS A COUNTRY OF LAWS, WELL, WHEN THE LAW ITSELF IS LAWLESS BY APPLICATION AND WHEN THE INTENT OF THE LAW IS FOR EXTORTION OF WEALTH OR REPRISAL OVER PROTECTION OF THE PEOPLE, THEN THE LETTER OF THE LAW ITSELF BECOMES MUTE AND THE APPLICATION THEREOF A CRIME IN ITSELF TO BE REPUDIATED.

——-FOOTER NOTE——

Per understanding CAFRs, people have been intentionally kept in the dark so long they forget the basics:

1. A "Budget Report" is a selective funding of x accounts from x resources (set up to be primarily funded with taxation and done so "for the year")

2. An "Annual Financial Report" is the showing of "all" income: Investment; taxation; and Enterprise, plus the "accumulated wealth over decades. Budgets are for the year, an AFR is for it all since creation of the entity.

There is a big difference between the two. A correct analogy would be: The budget to operate your house vs. your statement of net worth.

The public has been played with the biggest shell game of selective presentation there is allowing for massive fortunes to be made by the inside players over the last several decades..

Every investment fund large and small is a power base. Where that money is invested determines what company; real-estate venture, etc., is made or broken. Thus in line with that, never a mention of the 184,000 AFRs of the corresponding local governments..nor the many thousands of specialty investment funds they contain. I note gov pension funds facilitate the same. Paying employee benefits from the return on the funds is an after thought for the government players.

The head communists back in the 30's and 40's said they could take over America without firming a shot. The undercurrents of that statement were that they could depend on the greed and opportunity of the players to accomplish that goal and it did. US Collective government since 2000 brings in more gross income than the entire gross income of the population of the United States.

Taxation is rammed down the public's throat (1/3rd of the gross income) and Investment / Enterprise income (2/3rd of the gross income) the "silence is golden" rule is strictly enforced with the full symbiotic cooperation of the syndicated media; controlled education; and both political parties as applies over the last century.

WJB"

Sent FYI and for your action from,

Walter Burien – CAFR1

P. O. Box 2112

Saint Johns, AZ 85936

Tel. (928) 458-5854

Any local government can be restructured to meet their annual budget needs "Without" taxes. TRF (Tax Retirement Funds) providing the revenue source to pay every City, County, State’s general purpose annual budgetary needs!

To automatically subscribe to CAFR1 NATIONAL posts –  http://CAFR1.com/phplist/?p=subscribe

To automatically unsubscribe to CAFR1 NATIONAL posts –  http://CAFR1.com/phplist/?p=unsubscribe

BACK TO THE CAFR1 FRONT PAGE


HARD TO SWALLOW, BUT TRUE

Congress critters (1) do not write bills, (2) do not read bills, (3) and do not listen to constituents who do not put lots of money into their campaign coffers.  Their ONLY objective is to get re-elected, which guarantees their Pension FOR  LIFE, which kicks in after 6 years of service.  The Caucus leaders tell them which bills to promote, and they control who gets reelected.

BOTTOMLINE:  "Representation" by congress is a false concept and does not exist.  End the fairytale in your mind. 

R.E. Sutherland, M.Ed./sciences
Freelance Investigative Science Reporter

contact: becworks@gmail.com

CATCH 22 !

A Declaration Flyer Being Passed out in Montana As a Result of NDAA

January 18th, 2012 by

 

http://www.freedomsphoenix.com/News/103443-2012-01-17-a-declaration-flyer-being-passed-out-in-montana-as-a.htm?From=News

01-17-2012  •  www.federaljack.com 
 

(LONE STAR WATCHDOG)   The Author is unknown. This Flyer is being passed out on people’s windshields in Montana in response to NDAA. This declaration might be a setup to see who will take up arms or it could be sincere. To get a PDF copy CLICK HERE

 

This is a scanned and OCRed MS Word copy of the declaration of war

01 17 12 A DECLARATION

Whereas, on the 14"' of December, 2011, the House of Representatives of these United States voted, in the form of the National Defense Authorization Act for Fiscal Year 2012, in favor of indefinite military detention, without charges, of American citizens on American soil, without due process of law, at the discretion of the government alone;

Whereas, on the 15th of December, 2011, the Senate of these United States voted in favor of the same bill;

Whereas, on the 31 ~ of December, 2011, the President of these United States signed the same bill into law;

Whereas, the proscription against the use of military force to police the populace has been an essential feature of American civic life and civic liberty since the arrival of our civilization upon this continent;

Whereas, the wanton violation of this proscription was one of the chief causes of the separation of the American people from their government in Great Britain;

Whereas, the Constitution so chartering the government of these United States, in Article III Section III, states that "No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court."

Whereas, the Constitution so chartering the government of these United States, in the Fifth Amendment, states that no person shall be "deprived o/life, liberty, or property, without due process of law";

Whereas, the House of Representatives, the Senate, and the President of these United States have disregarded the plain text of the Constitution;

Whereas, in openly disregarding its founding document, the government ofthese United States has lost any semblance of legitimacy;

Whereas, the use of such draconian measures has been an essential feature of the enforcement of tyranny by every totalitarian government of the 20th century;

Whereas, the use of such draconian measures is carefully calculated to quash all political dissent amongst a captive people;

Whereas, the codification of such draconian measures effectively nullifies all civil liberties the people may hope to hold;

And whereas, the codification of such draconian measures is an act of war against the populace at large;

Therefore, be it declared that a STATE OF WAR formally exists between the Government of these United States and the People of these United States, perpetrated by that Government against the People.

We, the People of these United States, declare any and all attempts to enforce the provisions of the NDAA to be unlawful, void, and of no force.

We declare ALL WHO voted in favor of the NDAA, and ALL WHO attempt to enforce the NDAA to be traitors to these United States, punishable under law.

We SHALL DISOBEY, APPREHEND, OR RESIST WITH FORCE, at our discretion, any person who attempts to enforce the provisions of the NDAA.

We SHALL NOT aggress against any Federal, State or local government employee who shall not attempt to enforce or aid and abet the enforcement of the NDAA, they being as trapped as the rest of the populace.

Such STATE OF WAR shall continue until the NDAA is stricken from the code of law, and all who had a hand in the NDAA are removed from positions of power.

DISCLAIMER

The above information was collected from the internet, and distributed for information purpose only, and does not represent the intent to promote violence by James P. Harvey or any of his web sites, or news letters.

It is my belief that this present government is actively planting information on the net as an excuse to declare martial law and every citizen needs to see evidence of it.

HINT: Why is the author’s name or organization excluded?

 

WAR

 

 

Rothschild Zionists are a Fifth Column in America

January 17th, 2012 by

 

Israeli dual citizen Carl Levin  has suspended the civil rights of Americans, another step to establishing a Zionist (Illuminati) police state
 in the once "land of the free."  

 

"A cardinal technique of the fifth column is the infiltration of sympathizers into the entire fabric of the nation under attack and, particularly, into positions of policy decision and national defense." Encyclopedia Britannica

by Richard Evans
(henrymakow.com) 

What if US Senators and heads of national security agencies were found to have sworn oaths of loyalty to Iran or China?

The bill Obama signed into law on December 31st called the Indefinite Detention Bill, now called the National Defense Act of 2012, which suspends habeas corpus protection of US civilian citizens in their own country at the behest of that bastard child of false flag 911 – Homeland Security – was authored and presented by Michigan Senator Carl Levin. Senator Levin holds dual citizenship as an Israeli.

"What's wrong with that? Israel is our Ally", most Americans would say. I used to believe that. But the history of US/Israeli relations relative to Israeli relations with other nations tells another story.

Israeli foreign policy has a history of covert operations directly counter to the national interests and domestic welfare of the United States dating back to 1961.

This is conflict of interest. Conflict of interest occurs when an individual or organization in a position of public trust is involved in multiple interests, one of which could possibly corrupt the motivation for an act in the other. Questioning dual citizenship of elected officials is in no way antisemitism. The issue is conflict of interest pure and simple.

This has nothing to with being 'anti-Israel' any more than questioning dual Chinese-American citizenship senators would be. The same would apply if the senator that introduced this bill had Iranian, Chinese, or Russian dual citizenship. I don't believe dual citizenship with any other nation should be allowed for US legislators, Federal bureaucrats, Federal Judges, US military personnel, or any position of influence of national security. 

There's nothing wrong with a doctor, a banker, or teacher having dual citizenship. They aren't in positions of public trust. It's entirely inappropriate for a public servant.

Sen. Levin is chairman of the Armed Services Committee. That means he is empowered with legislative oversight of the nation's military, including the Department of Defense, military research and development, nuclear energy (as pertaining to national security), benefits for members of the military, the Selective Service System and other matters related to defense policy. In addition he is ex-officio on the Committee on Homeland Security and Governmental Affairs, and Select Committee on Intelligence. This man has control of the most powerful military in the world.

With due respect for Levin – how can be be objective about the application of US military policy in the Middle East as a resident of Israel?

In secret back channel communications in 1961, Israeli Prime Minister David Ben Gurion asked President Kennedy to support Israeli offensive weapons development and supply American Hawk missiles for starters. Kennedy not only refused, he said he planned to honor the 1950 Tripartite Declaration which said that the United States would retaliate against any nation in the Middle East that attacked any other country. Finally, Kennedy informed Ben Gurion the US wouldn't support Israel's development of nuclear weapons.

Ben Gurion was furious. Unknown to the American public at the time, the two leaders engaged in a hot exchange of communiques. Threats were made. The conflict wasn't made public till 1998 in an article by Ethan Bronner in the New York Times. Much of the content of Ben Gurion's letters to Kennedy remain classified by the US Government. Subsequently Ben Gurion initiated secret collaboration with Maoist China for mutual nuclear weapons development.

(The history of Mossad and the Chinese secret service collaboration on many occasions in outright theft of American military secrets is documented in Gordon Thomas' Seeds of Fire).

While this was going on, in Jan 1962, LOOK magazine published an interview in which Ben Gurion predicted the future. By 1987, he said,

 "In Jerusalem, the United Nations will build a shrine of the prophets to serve the federated union of all continents; this will be the seat of the Supreme Court of Mankind, to settle all controversies among the federated continents, as prophesied by Isaiah." [1]

When the CIA informed Kennedy in 1963 that the MOSSAD and the Chinese were partners in espionage for US weapons secrets he threatened to cut off US relations with Israel unless the nuclear development base at Dimona were opened to US inspectors. Rather than submit to this ultimatum, Ben Gurion resigned as prime minister in July 1963. [2]

Kennedy was assassinated November 22rd 1963. In The Final Judgment, Michael Collins Piper traces an Israeli (Mossad) connection to the Kennedy assassination.  

Under Kennedy's successor Lyndon Johnson, believed to be a crypto Jew, US aid to Israel increased three fold, equipping Israel with state of the art tanks and fighter jets that won the Six Day War in 1967. 

Abraham Feinberg, the 'Democrat fundraiser' who had been Ben Gurion's bagman to Harry Truman, heavily financed Johnson's political career. The total is unknown since most contributions were cash. But it can be approximated by Israeli 'sweetheart' deals slipped to Feldman, such as a multimillion dollar share of the Israeli Coca Cola franchise.

On the cue of 911, the already prepared PATRIOT Act was was introduced by Republican Senators Orrin Hatch (R-UT) and Jon Kyl (R-AZ) with Democratic Senators Dianne Feinstein (D-CA) and Chuck Schumer (D-NY) Feinstein and Schumer were both Israeli dual citizens.

Now, the NDAA 2012 will allow the military to detain indefinitely anyone "suspected of  involvement in terrorism." The Zionists engaged in widespread terrorism   when establishing the State of Israel. They engaged in it when they instigated the false flag 9-11 attack

But they don't want  Americans to follow their example when demanding their own freedom and independence. 

No worry.  Americans have been fighting Zionist wars for so long, they don't know how to fight their own.

Finally, Zionism is just an instrument of the Illuminati, (i.e. the Cabalist central bankers.) The ultimate Illuminati plan may be for "Zionists" (US, EU, Israel) to battle "anti-Zionists" (Iran, Russia and China) in a third world war.

It's possible that we are being led down the garden path
and we are accomplices in our own destruction.

Conflict of interes

 

    

Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking?

January 16th, 2012 by

http://www.zerohedge.com/contributed/are-middle-east-wars-really-about-forcing-world-dollars-and-private-central-banking

The Middle Eastern and North African wars – planned 20 years ago – don’t necessarily have much to do with fighting terrorism. See thisthis and this.

They are, in reality, about oil.

And protecting Israel (and read the section entitled “Securing the Realm” here).

But as AFP reports today, there is another major motivation for the expanding wars:

The latest round of American sanctions are aimed at shutting down Iran’s central bank, a senior US official said Thursday, spelling out that intention directly for the first time.

“We do need to close down the Central Bank of Iran (CBI),” the official told reporters on condition of anonymity, while adding that the United States is moving quickly to implement the sanctions, signed into law last month.

Foreign central banks that deal with the Iranian central bank on oil transactions could also face similar restrictions under the new law, which has sparked fears of damage to US ties with nations like Russia and China.

“If a correspondent bank of a US bank wants to do business with us and they’re doing business with CBI or other designated Iranian banks… then they’re going to get in trouble with us,” the US official said.

Why is the U.S. targeting Iran’s central bank?

Well, multi-billionaire Hugo Salinas Price told King World News:

What happened to Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.

As I noted in August:

Ellen Brown argues in the Asia Times that there were even deeper reasons for the war than gold, oil or middle eastern regime change.

Brown argues that Libya – like Iraq under Hussein – challenged the supremacy of the dollar and the Western banks:

Later, the same general said they planned to take out seven countries in five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran.

What do these seven countries have in common? In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS). That evidently puts them outside the long regulatory arm of the central bankers’ central bank in Switzerland.

The most renegade of the lot could be Libya and Iraq, the two that have actually been attacked. Kenneth Schortgen Jr, writing on Examiner.com, noted that “[s]ix months before the US moved into Iraq to take down Saddam Hussein, the oil nation had made the move to accept euros instead of dollars for oil, and this became a threat to the global dominance of the dollar as the reserve currency, and its dominion as the petrodollar.”

According to a Russian article titled “Bombing of Libya – Punishment for Ghaddafi for His Attempt to Refuse US Dollar”, Gaddafi made a similarly bold move: he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar. Gaddafi suggested establishing a united African continent, with its 200 million people using this single currency.

And that brings us back to the puzzle of the Libyan central bank. In an article posted on the Market Oracle, Eric Encina observed:

One seldom mentioned fact by western politicians and media pundits: the Central Bank of Libya is 100% State Owned … Currently, the Libyan government creates its own money, the Libyan Dinar, through the facilities of its own central bank. Few can argue that Libya is a sovereign nation with its own great resources, able to sustain its own economic destiny. One major problem for globalist banking cartels is that in order to do business with Libya, they must go through the Libyan Central Bank and its national currency, a place where they have absolutely zero dominion or power-broking ability. Hence, taking down the Central Bank of Libya (CBL) may not appear in the speeches of Obama, Cameron and Sarkozy but this is certainly at the top of the globalist agenda for absorbing Libya into its hive of compliant nations.

Alex Newman wrote in November:

According to more than a few observers, Gadhafi’s plan to quit selling Libyan oil in U.S. dollars ­ demanding payment instead in gold-backed “dinars” (a single African currency made from gold) ­ was the real cause [of the Libyan war and killing of Gadhafi]. The regime, sitting on massive amounts of gold, estimated at close to 150 tons, was also pushing other African and Middle Eastern governments to follow suit.

And it literally had the potential to bring down the dollar and the world monetary system by extension, according to analysts. French President Nicolas Sarkozy reportedly went so far as to call Libya a “threat” to the financial security of the world. The “Insiders” were apparently panicking over Gadhafi’s plan.

“Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world’s central banks,” noted financial analyst Anthony Wile, editor of the free market-oriented Daily Bell, in an interview with RT. “So yes, that would certainly be something that would cause his immediate dismissal and the need for other reasons to be brought forward [for] removing him from power.”

According to Wile, Gadhafi’s plan would have strengthened the whole continent of Africa in the eyes of economists backing sound money ­ not to mention investors. But it would have been especially devastating for the U.S. economy, the American dollar, and particularly the elite in charge of the system.

“The central banking Ponzi scheme requires an ever-increasing base of demand and the immediate silencing of those who would threaten its existence,” Wile noted in a piece entitled “ Gaddafi Planned Gold Dinar, Now Under Attack” earlier this year. “Perhaps that is what the hurry [was] in removing Gaddafi in particular and those who might have been sympathetic to his monetary idea.”

Investor newsletters and commentaries have been buzzing for months with speculation about the link between Gadhafi’s gold dinar and the NATO-backed overthrow of the Libyan regime. Conservative analysts pounced on the potential relationship, too.

“In 2009 ­ in his capacity as head of the African Union ­ Libya’s Moammar Gadhafi had proposed that the economically crippled continent adopt the ‘Gold Dinar,’” noted Ilana Mercer in an August opinion piece for WorldNetDaily. “I do not know if Col. Gadhafi continued to agitate for ditching the dollar and adopting the Gold Dinar ­ or if the Agitator from Chicago got wind of Gadhafi’s (uncharacteristic) sanity about things monetary.”

But if Arab and African nations had begun adopting a gold-backed currency, it would have had major repercussions for debt-laden Western governments that would be far more significant than the purported “democratic” uprisings sweeping the region this year. And it would have spelled big trouble for the elite who benefit from “ freshly counterfeited funny-money,” Mercer pointed out.

“Had Gadhafi sparked a gold-driven monetary revolution, he would have done well for his own people, and for the world at large,” she concluded. “A Gadhafi-driven gold revolution would have, however, imperiled the positions of central bankers and their political and media power-brokers.”

Adding credence to the theory about why Gadhafi had to be overthrown, as The New American reported in March, was the rebels’ odd decision to create a central bank to replace Gadhafi’s state-owned monetary authority. The decision was broadcast to the world in the early weeks of the conflict.

In a statement describing a March 19 meeting, the rebel council announced, among other things, the creation of a new oil company. And more importantly: “Designation of the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and appointment of a Governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.”

The creation of a new central bank, even more so than the new national oil regime, left analysts scratching their heads. “I have never before heard of a central bank being created in just a matter of weeks out of a popular uprising,” noted Robert Wenzel in an analysis for the Economic Policy Journal. “This suggests we have a bit more than a rag tag bunch of rebels running around and that there are some pretty sophisticated influences,” he added. Wenzel also noted that the uprising looked like a “major oil and money play, with the true disaffected rebels being used as puppets and cover” while the transfer of control over money and oil supplies takes place.

Other analysts, even in the mainstream press, were equally shocked. “Is this the first time a revolutionary group has created a central bank while it is still in the midst of fighting the entrenched political power?” wondered CNBC senior editor John Carney. “It certainly seems to indicate how extraordinarily powerful central bankers have become in our era.”

Similar scenarios involving the global monetary system ­ based on the U.S. dollar as a global reserve currency, backed by the fact that oil is traded in American money ­ have also been associated with other targets of the U.S. government. Some analysts even say a pattern is developing.

Iran, for example, is one of the few nations left in the world with a state-owned central bank. And Iraqi despot Saddam Hussein, once armed by the U.S. government to make war on Iran, was threatening to start selling oil in currencies other than the dollar just prior to the Bush administration’s “regime change” mission. While most of the establishment press in America has been silent on the issue of Gadhafi’s gold dinar scheme, in Russia, China, and the global alternative media, the theory has exploded in popularity.

A reader comments:

No one is paying attention to the petro-dollars and the current desperation of European and US banks. Even Iran prices oil in $$$s per the treaty after WWII, but no one wants $$$s any more because it has been such a poor investment vehicle. Gold has been much better. Iraq did not want $$$s, was invaded. Libya did not want $$$s, was invaded (I believe they wanted gold). Iran does not want $$$. The dollars are deposited in US and European banks. The dollars standing as the finacial reserve currency of the world was / is being threatened, and thus the Federal Reserve Banks ability to print unlimited dollars!

 

BANKING WARS

 

 

24 Statistics To Show To Anyone Who Believes That America Has A Bright Economic Future

January 14th, 2012 by

 

The Economic Collapse
Thursday, January 12, 2012

Beware of bubbles of false hope.  Right now there is a lot of talk about how the U.S. economy is improving, but it is all a lie.  The mainstream media can be very seductive.  When you sit down to watch television your brain tends to go into a very relaxed mode.

 

In such a state, it becomes easy to slip thoughts and ideas past your defenses.  Sometimes when I am watching television I realize what the media is trying to do and yet I can still feel it happening to me.  In this day and age, it is absolutely critical that we all think for ourselves.  When you look at the long-term trends and the long-term numbers, a much different picture of the U.S economy emerges than the one that is painted for us on television.  Over the long-term, the number of good jobs in America has been steadily going down.  Over the long-term, the number of Americans living in poverty and living on food stamps has been steadily going up.  Over the past couple of decades, tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth have gone out of the country.  Our debt is nearly 15 times larger than it was 30 years ago, and U.S. consumer debt has soared by 1700% over the past 40 years.  Year after year the rate of inflation goes up faster than our incomes do, and this is absolutely devastating the middle class.  Anyone who believes that we can keep doing the same things that we have been doing and yet America will still have a bright economic future is delusional.  Until the long-term trends which are taking the U.S. economy straight into the toilet are reversed, any talk of a bright economic future is absolute nonsense.

In America today, we have such a short-term focus.  We are all so caught up with what is happening right now.  Our attention spans seem to get shorter every single year.  At this point it would not be hard to argue that kittens have longer attention spans than most of us do.  (If you have ever owned a kitten you know how short their attention spans can be.)  Things have gotten so bad that most of our high school students cannot even answer the most basic questions about our history.  If people are not talking about it on Facebook or Twitter it is almost as if it does not even matter.

But any serious student of history knows that is is absolutely crucial to examine long-term trends.  And when you look at the long-term trends, it rapidly becomes apparent that the U.S. economy is in the midst of a nightmarish long-term decline.

The following are 24 statistics to show to anyone who believes that America has a bright economic future….

#1 Inflation is a silent tax that steals wealth from all of us.  We continue to shell out increasing amounts of money for the basic things that we need, and yet our incomes are not keeping pace.  Just check out the following example.  Gasoline prices have been trending higher for several years in a row as one blogger  recently noted….

January 2009           $1.65

January 2010           $2.57

January 2011           $3.04

January 2012           $3.29

#2 If you can believe it, the average American household spent approximately$4,155 on gasoline during 2011.

#3 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#4 Health care costs continue to rise at a very alarming pace.  According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately16.3%.

#5 Getting a college education has also become insanely expensive in America.  After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.

#6 To get the same purchasing power that you got out of $20.00 back in 1970 you would have to have more than $116 today.

#7 To get the same purchasing power that you got out of $20.00 back in 1913 you would have to have more than $457 today.

#8 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added more than 30 million extra people to the population since then.

#9 The U.S. economy is bleeding millions of good jobs.  Greedy CEOs are systematically shipping them overseas and our politicians are standing around and doing nothing about it.  This has gone on year after year after year.  The following is from a recent article by Paul Craig Roberts….

In the first decade of the 21st century, Americans lost 5,500,000 manufacturing jobs. US employment in the manufacture of computer and electronic products fell by 40%; in the production of machinery by 30%, in motor vehicles and and parts by 44%, and in the manufacture of clothing by 66%.

#10 Our economic infrastructure is being torn apart right in front of our eyes.  In 2010, an average of 23 manufacturing facilities a day shut down in the United States.  Overall, more than 56,000 manufacturing facilities in the United States have shut down since 2001.

We have made it legal for big corporations to send millions of jobs to countries where it is legal to pay slave labor wages, where the tax burden is much lighter and where there are barely any regulations.  The following is a brief excerpt from a recent article posted on Economy in Crisis….

Back in the ‘80s, I called my friend Walter in California and asked: “On your next expansion we need a plant in South Carolina.” Walter replied: “We don’t produce anything in the United States. It’s all in China. China furnishes you the plant on a year-to-year basis. If your investment works out, you don’t have to pay any corporate tax; just reinvest it for another plant and more profit. If it doesn’t work out, you can walk away with no legacy costs. I send a quality controller to watch production. I check on it every day. I don’t have any labor, health, safety, or environmental concerns, and have time to play a round of golf.” The bleeding of jobs off-shore started in the ‘80s — now hemorrhages under Bush and Obama. Waiting for the economy to bounce back; calling this “the worst recession” is a bum rap. The reason the economy hasn’t bounced back since 2008 is because the economy is being off-shored.

#11 As a result of our insane economic policies, our trade balances are absolutely exploding.  For example, the U.S. trade deficit with China in 2010was 27 times larger than it was back in 1990.

#12 As you read this, there are millions of Americans out there wondering why they can’t find any jobs.  According to Reuters, 23.7 million American workers are either unemployed or underemployed right now.

#13 The number of good jobs has been steadily shrinking in America.  Since the year 2000, the United States has lost 10% of its middle class jobs.  In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#14 Over the last three decades, the percentage of low income jobs has consistently risen.  Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#15 The number of middle class neighborhoods also continues to decline.  In 1970, 65 percent of all Americans lived in “middle class neighborhoods”.  By 2007, only 44 percent of all Americans lived in “middle class neighborhoods”.

#16 A decade ago, the United States was ranked number one in average wealth per adult.  By 2010, the United States had fallen to seventh.

#17 Our incomes continue to go down.  Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

#18 Unfortunately, middle class Americans have been seeing their incomes decline for a very long time.  According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

#19 Since 1971, consumer debt in the United States has increased by a whopping 1700%.  Unfortunately, U.S. consumers have still not learned how to stay out of debt.  According to a recent article posted on Financial Armageddon, the rate of personal savings in the United States is rapidly falling right now at the same time that the total amount of consumer credit is absolutely skyrocketing.

#20 The number of children living in poverty in America keeps rising year after year. The percentage of children living in poverty in the United States increased from 16.9 percent in 2006 to nearly 22 percent in 2010.

#21 The number of Americans on food stamps continues to set new all-time records.  Just check out the following progression….

October 2008: 30.8 million Americans on food stamps

October 2009: 37.6 million Americans on food stamps

October 2010: 43.2 million Americans on food stamps

October 2011: 46.2 million Americans on food stamps

#22 The U.S. debt problem has gotten completely and totally out of control.  Recently, the debt of the federal government surpassed 100% of GDP for the first time ever.

#23 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

#24 Barack Obama’s proposed 2012 budget projects that the national debt will rise to 26 trillion dollars a decade from now.  And his budget numbers are ridiculously optimistic.

Are you starting to get the picture?

All of the long-term economic numbers are progressively getting worse.

As the economy continues to crumble, large numbers of Americans are becoming really desperate.  For example, a recent Mother Jones article detailed how large numbers of formerly middle class Americans are now actually growing marijuana in an effort to make ends meet.

As things continue to get worse, people will become even more desperate.  There are millions of people out there that find themselves unable to pay the mortgage and put food on the table for their families.  When people hit rock bottom, they often find themselves doing things that they never dreamed that they would do.

Meanwhile, the big Wall Street banks just keep getting larger and more powerful.  We have allowed the “too big to fail” banks to become much bigger than they have ever been before.  The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

Wealth is becoming increasingly concentrated at the very top even as the overall economic pie in America continues to get smaller.

As our economic problems become worse, more Americans than ever are trying to find ways to “escape”.

For example, according to one new government report one out of every six adults in America is a binge drinker.

Other Americans “tune out” by watching endless hours of television, by playing endless hours of video games or by indulging in endless hours of other forms of entertainment.

There are even some Americans that are giving up completely.  For example, one elderly man actually robbed a bank just so that he could get arrested and be taken to prison where he would get free health care.

But as I have written about previously, now is not the time to give up.  Instead, now is the time to prepare for the great challenges that are ahead.

Almost every generation in history has been faced with great challenges and great hardships at some point.

Yes, there will be some incredibly hard times ahead, but that also means that there will be a need for some great heroes.

Just because the U.S. economy is falling apart does not mean that life is over.

We are living during one of the most exciting times in all of human history.  Instead of cowering in fear, let us embrace these times and focus on becoming the people that we were created to be.

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Emerging Totalitarianism

January 12th, 2012 by

 

http://www.thedailybell.com/3480/Adrian-Krieg-Emerging-Totalitarianism

By Dr. Adrian Krieg

Being over 70 years old and having lived through WWII in Europe and lived in Mexico, I have an excellent understanding of what dictatorships are and how they function. The fact that America is rapidly heading into a despotic state is obvious to anyone of my age. Furthermore, every branch of our government is involved. The Supreme Court recently ruled that the charge of 'assistance to terrorism' does not necessitate an overt act; all that is required is providing assistance and/or encouragement to the act. That in effect means anything, for instance, calling the executive a fool, writing a pro-Palestinian article, objecting to Israeli Middle East policies, holocaust denial – anything the bureaucracy disapproves of becomes a violation of this law.

Under the newly enacted – sponsored by McCain (R-AZ) with approval of 93 (STUPID) Senators – National Defense Authorization Act (NDAA), the president was granted the right to arrest and detain any American citizens any place in the world without a charge, indefinitely, without right to council, without a warrant, and to torture any such American, merely on his say-so or by indictment of a secret court whose members are anonymous. This totally obliterates the habeas corpus provisions of the Constitution. Furthermore, this law eradicates the Posse Comitatus Act [18 U.S.C. 1385] of June 18, 1887 that prevented the government from employing American military against American civilians.

The president already took upon himself the right to assassinate any American citizen any place in the world without charge, trial, judge, jury and evidence of a crime, simply on his say-so, and has already used that authority to murder.

The enacted in 2001 and re-approved in 2011 USA Patriot Act is the most sinister of all, in that it violates the first, fourth, fifth, sixth, seventh, eighth, ninth and tenth amendments of the Bill of Rights. In expansion, it grants the government the right to rifle your mail, tap your telephone and inquire into what you are reading. In a stunning overturn of well-accepted fourth amendment rights a federal court has granted government the right to track your movement with GPS technology, including via cell phones and GPS equipment.

Meanwhile, your local police force is buying everything from spy drones to night vision equipment and are being militarized hand over fist. These weapons and systems that local police are purchasing are not for law enforcement; they are decidedly for issues like crowd control, nighttime secret incursions, combined actions with the National Guard and regular Army, which is now possible due to NDAA. Worse is the fact that numerous airports and facilities around America have had their security services subcontracted to Israeli security firms. While the government contracts training to SPLC for federal agencies and smaller local state agencies follow their lead, SPLC is the most bias-twisted, anti-Christian organization in the land. The federal government has established links with the JDL, Mossad assets, the American Jewish Congress, the ADL and other Israeli operatives; while we cannot prove this we know it to be the case. The story put forth by the Mossad that everyone in government now accepts as gospel is that Israeli and American security issues are one and the same. This, upon examination of issues, is utterly ridiculous.

Lest we forget, police are supposed to serve and protect while military kill and destroy. The two functions are wholly incompatible in a republic. I saw this firsthand in Germany from 1938 onward and in Italy, and in Bulgaria and then in the entire Soviet bloc empire.

In view of the Pollard, Franklin, Rosenberg and scores of Israeli spying operations against us and considering theUSS Liberty affair, we would be wise to rely on our own security apparatus and not become entangled with the agencies of a nation which has for decades been most actively spying against us.

We are already underwater with Israeli telephone monitoring and billing operations that have been off-shored by domestic suppliers to Magal Security Systems, an Israeli contractor. Let's be cognizant of the fact that, according to information released last December, there is now operative monitoring of all electronic communications as well as GPS systems. We do not think it rational to allow such information to be subcontracted offshore.

What we are pointing out here is that all the required means for the operation of a top-down police state are either already in place or are being put in place as you read. Even the agencies to administer all this from the federal level, Homeland Security – with over 220,000 employees – is a functioning agency run by one of Obama's dubious associates.

Beginning with 9/11 – a false-flag operation if ever there was one – the nation has lost one liberty after another, and now we have even lost our most basic right to face our accuser, habeas corpus, that has been part of English speaking law since the 12th century. The president, meanwhile, has taken to himself the right to use our own military against its citizens by voiding Posse Comitatus – enacted in 1887 after the war of northern aggression to alleviate the excesses of the Yankees as they had looted, raped and burned their way from Richmond to Atlanta – and the elimination of almost the entire Bill of Rights through the enactment of the USA Patriot Act, which had essentially been written and ready for enactment for over 15 years before 9/11.

What would it take to instill in a mentally challenged population the willingness to have stripped away what little of our freedoms still exist? A little pre-arranged action to be blamed on Iran would make the neocons very happy, the president could be re-elected, the population induced to war against yet another Middle East nation, then the expansion of more freedom crushing laws, the enactment of national hate laws with the government providing the definition of hate, and there you have it – Soviet America Empire of the 21st century.

 

OLDDOGS COMMENTS

 

There is one remaining way to stop this usurpation by our government and it is easy to do. Just support the CSPOA at  http://www.cspoa.org/ and get our county Sheriff’s re-educated. Not even the President of the United State’s can rebuke him.

Your County Sheriff is elected by the people and we can demand they participate.

Cognitive Dissonance

 

 

(27 Congressmen to Court) If Individual Mandates Unconstitutional Strike Down All Obamacare

January 10th, 2012 by

 

By Fred Lucas
January 9, 2012
Subscribe to Fred Lucas's posts
   
(CNSNews.com) – Twenty-seven members of Congress, including House Judiciary Committee Chairman Lamar Smith (R-Texas), have signed an amicus brief asking the U.S. Supreme Court to strike down the entire Obamacare law if it finds that the individual mandate provision is unconstitutional.

The Family Research Council filed the amicus curiae in the case challenging the constitutionality of the individual mandate of the Patient Protection and Affordable Care Act, commonly known as Obamacare.

The individual mandate is one provision in a larger law that also requires certain employers to provide government-approved insurance or face a penalty, establishes exchanges for government-approved insurance plans and requires insurers to cover pre-existing conditions.

Key to the high court’s decision will be whether striking down this provision would nullify the entire law. The legislation did not contain a severability clause. Severability would allow some parts of the law to be struck down while maintaining others.

Opponents argue that that the provisiom requiring individuals to buy health insurance is not constitutional, while the Obama administration contends that the Commerce Clause of the Constitution allows it.

Several lawsuits have been brought against the law, with some lower federal courts striking down the law and others affirming it.

Other members of Congress to join the brief are House Judiciary Subcommittee on the Constitution Chairman Trent Franks (R-Ariz.), Republican Study Committee Chairman Rep. Jim Jordan (R-Ohio), Rep. Mike Pence (R-Ind.), a candidate for governor of Indiana and senior House Judiciary members Rep. Louis Gohmert (R-Texas) and Rep. Steve King (R-Iowa).

Ken Klukowski, legal counsel for the Family Research Council, and Nelson Lund, a professor at George Mason University School of Law, co-authored the brief. The FRC’s earlier brief was cited in Florida U.S. District Judge Roger Vinson’s decision to strike down the entire Obamacare law as unconstitutional.

“After almost two years of impassioned debate, Obamacare will finally have its day before the Supreme Court,” Klukowski said in a statement. “The 'individual mandate' in Obamacare that requires all Americans to have health insurance is unconstitutional. And for the reasons we explain in this brief, 135 years of Supreme Court precedent show that this is one of those rare instances where striking down the individual-mandate provision requires the Court to strike down this entire 2,700-page law.

“We have high hopes that the Supreme Court will recognize that the individual mandate is unconstitutional, and will act to safeguard the freedoms of all Americans by holding the individual mandate 'nonseverable,' and strike down every part of Obamacare,” Klukowski continued.

Totalitarianism

Did Bankers Deliberately Crash MF Global to Crash Gold and Silver Prices?

December 28th, 2011 by

 

http://www.smartknowledgeu.com/FreeNewsletter/did-bankers-deliberately-crash-mf-global-to-crash-gold-and-silver-prices.php

Did bankers use the MF Global to suppress gold and silver prices and create the panicked appearance of collapsing precious metals to give themselves additional precious time to delay the crash of the Euro and the US Dollar? As crazy as this sounds, a closer investigation of some key data seems to imply this possibility. Though bankers claim that they created futures markets to provide a mechanism for commodity producers to hedge against volatile market prices, I have never bought the kool-aid the bankers were selling in this explanation for the rationale behind their creation of futures markets. Given that today, futures and spot prices for gold and silver in the short-term are entirely set by banker manipulation of the supply and demand for paper derivatives that often have no backing of any physical metal, I believe that bankers created futures markets for the explicit intent of allowing themselves to manipulate the prices of commodities and to enrich themselves, and themselves only, through the process of alternately and artificially inflating and deflating prices as would not be allowed in any type of free market. In other words, bankers invented futures markets to allow themselves to siphon off and steal money from other parties that wanted to invest in commodities with a mechanism, risk-free to them, that required deception and zero honest work and zero integrity.

The futures markets in commodities is such a deceptive market that it is hard to know even where to begin to unravel its many mechanisms of deceit in all their glory. Futures contracts traded on the world’s largest commodity markets such as the COMEX in New York and the LBM in London allow bankers to commit reverse alchemy, turning real physical gold and real physical silver into nothing but false paper contracts and air. Secondly, through futures contracts traded in New York and London, bankers routinely defy the economic principles of supply and demand, and set short-term prices for gold and silver that literally have zero to do with the supply and demand dynamics of the physical gold and physical silver market. In the world of physics, such an illogical, comparable feat of deception would be the indefinite suspension of the law of gravity. Bankers invented paper derivative gold and silver markets to allow themselves to literally defy and suspend every single sound economic principle that exists.

This is important to understand because not only does understanding this concept make the bulk of what you learn in business school a lie and entirely useless, but also because bullion banks such as Deutsche Bank, Citibank, JP Morgan, Goldman Sachs et al that serve as the puppet conduits for more powerful families that control Central Banks, routinely used to lease physical gold into the open market as their primary mechanism to suppress the price of gold and silver. However, as their mechanism of fractional reserve banking began to threaten the viability and utility of the most widely used fiat currencies in the world, the USD and the Euro, bankers understood that they needed to utilize and/or create another mechanism to suppress gold and silver prices that could replace selling physical PMs into the open market as they no longer wished to give up a solid asset with no third party counter-risk for what they knew they were turning into essentially worthless pieces of paper. Thus bankers increasingly turned to the paper futures markets to manipulate and control the price of gold and silver and also served up additional bogus derivative products to the public like the GLD and SLV ETFs. Bankers knew that there was no way they could possibly control the price of gold and silver if the supply and demand determinants of physical gold and physical silver had anything to do with the price, so they conspired to fool the world into believing that the fake paper price they set was set by the supply and demand of the physical markets.

Collapsing OI of Gold/Silver Futures Markets Directly Related to MF Global Collapse?

And here’s where MF Global enters the banking cartel gold and silver price suppression scheme. Today, short-term futures and spot prices of gold and silver have almost nothing to do with the physical supply and demand dynamics of gold and silver, as odd as that may sound. Bankers created the futures markets and paper derivatives in gold and silver to kill free markets and for the express purpose of suppressing gold and silver prices. Today we literally have no idea what the free market price of gold and silver should be or could be, besides the fact that both would be multiples higher than their current price, because of the fake paper market in gold and silver that the bankers created.

As well, bankers ensured that they armed a legion of worker bees in commercial investment firms all over the world that would represent these paper derivatives backed by very little physical gold and silver to their clients as the equivalent of investing in 99.999% pure physical gold and silver. In doing so, the worker bees thereby lured people all over the world into what will turn out to be the fatal mistake of not buying millions of troy ounces of physical gold and silver and instead buying their offering of fool’s gold and fool’s silver. When we receive a massive default of gold and silver futures contracts that stand for delivery on the COMEX or LBM, or if the SLV and GLD default, then, and only then, will the public start to see true price discovery of physical gold and physical silver in action. However, for clients of MF Global, unfortunately, they have already experienced the mistake of buying fool’s gold and fool’s silver from the bankers and have received air in exchange for gold and silver futures contracts they purchased that stood for delivery.

Bankers invented fake paper gold and silver contracts, because they knew that if they could not fulfill contractual obligations to deliver physical gold and physical silver because the contracts were a binding lie to begin with), that they could always renege on these contractual obligations and give the people the nothingness they truly owned in return. And thus, we have the story of MF Global.

Ratings agencies downgraded MF Global on Oct 25 and MF Global declared bankruptcy on Oct 31. If one scours the data that the Chicago Mercantile Exchange (CME) releases via its aggregated Commitment of Trader (COT) reports during this time period, one may not notice any data that immediately stands. However, investigation of the disaggregated reports reveals far more interesting patterns that almost undoubtedly can be traced back to the collapse of MF Global. In a period just preceding the MF Global collapse, from late August to mid October, the open interest (OI) in longs in gold and silver futures within the Managed Money category collapsed by 33.75% in gold (202,430 to 136,103) and 44.74% in silver (29,849 to 16,494). During this exact same time period, shorts in the gold and silver futures in the Managed Money category increased by 19.3% and 83.82% respectively (see the chart below). Within the Managed Money category, between Sept 13th and 27th, in just a two-week period, the drop in OI in the longs in gold and silver futures was even more pronounced, with a 25.41% plunge and 34.3% plunge in silver. I imagine if someone could trace the connection of this plunge in OI in the Managed Money category in the gold and silver futures markets, one would discover that a good deal of the plunge was somehow directly tied to the impending MF Global bankruptcy and its freezing and/or liquidation of gold and silver futures accounts in its possession.

After Phase I of the collapse in OI in the gold and silver futures markets, Phase II followed. When the story about MF Global’s legalized client theft hit the presses, an enormous public distrust of the entire futures markets started to build. If clients lost millions of dollars in gold and silver futures accounts due to forced liquidation or freezing of contracts that they were holding for delivery, anyone that had considered using the futures markets to take delivery of real gold and real silver following the MF Global debacle obviously reconsidered their options. Thus, due to the massive fraud of the futures markets that was revealed by the MF Global collapse, another huge drop in the OI of gold and silver longs in the Managed Money category occurred during Phase II (as labeled in the above chart) that respectively amounted to an additional respective 11.79% and 7.48% plunge. In essence, it appears that the MF Global collapse served up the exact same price suppression effect as a CME issued initial or maintenance margin hike in gold and silver futures, which forces a tidal wave of unwanted and involuntary liquidation of gold and silver longs that consequently violate technical support lines and trigger technical sells.

Of course, we also have to factor in the temporary OI-increasing effect of the risk-on CME event when they lowered initial margins to a 1:1 ratio with maintenance margins at the onset of November. Still, given the figures presented in the chart above, it seems that bankers used the MF Global collapse to force liquidation of gold and silver longs in the futures market quite rapidly and drastically. Why is this important? This is important because typically strong hands ride out any temporary banker manipulations of gold and silver prices downward. In this case, strong hands, if they existed at MF Global, were not given this opportunity and were forced to liquidate or had their accounts frozen whether or not they desired such an outcome. Furthermore, if primarily strong hands were forced out of the futures market, this would leave the majority of volume in the gold and silver futures markets primarily in the hands of the criminal banking cartel. We’ve seen repeatedly, this past year in the US S&P 500 index, when low trading volume primarily controlled by the banking cartel has translated into curious and inexplicable market bounces of 2% in a single day. In other words, low trading volume allows bankers excessive and easy manipulation over markets. If this was indeed the scenario bankers deliberately created with the MF Global collapse, then the MF Global collapse and simultaneous collapse of open interest in gold and silvers futures certainly would have paved the way for the banking cartel to easily manipulate gold and silver prices.

 

 

There was also further circumstantial evidence that bankers used the MF Global collapse to collapse gold and silver futures markets at the end of 2011. For example, in an article posted on the SilverDoctors blog by Jim Willie in which he gathered data regarding the amount of physical gold and silver ounces represented by the longs at MF Global that were standing for delivery in the futures markets before these contracts imploded, he stated: “JP Morgan increased the amount of registered silver and gold by precisely the amount that was suppose to be delivered [by MF Global]…JP Morgan effectively averted both a Comex default and a European Sovereign Debt implosion.”

 

Silver Lining in the MF Global Debacle?

 

Can there be a silver lining in the MF Global debacle? I believe that in the long-term, this extremely unethical, negative event could transform into a positive game-changer in the way people buy large amounts of gold and silver. Obviously, the futures market is not a safe market for anyone seeking to take delivery of millions of dollars of physical gold and silver as many MF Global clients learned. The GLD and SLV ETFs, of course, are no safer than any gold or silver futures contract for the same reasons. So in the future, and I mean the immediate future starting now, I believe that large buyers of physical gold and silver will now opt to bypass the bullion bank’s middle men in the futures market and go directly to the gold and silver mining companies to buy large quantities of bullion. This should eventually help usher in the death of futures markets as a mechanism for buying physical gold and physical silver and be a step towards establishing a free market for gold and silver prices for the first time in our lives. Mark Cutifani, CEO of AngloGold Ashanti, recently echoed the same: “Major [asset management fund] buyers are finding it is hard to get physical gold. People are coming directly to us [for large gold purchases,] people who want tonnes of physical gold, people with serious financial muscle, because they are finding it is very difficult to secure the volume of gold they want. That is something we have noticed over the last 18 months, and it has been increasing in the last six months. People are finding it’s hard to get physical gold.”

People that want to own physical gold and physical silver never should have been buying the GLD, SLV, or gold and silver futures. Now, in light of the MF Global debacle, scores of people will stay away from these fraudulent vehicles for good.

Best investing,

JS Kim
Chief Investment Strategist
SmartKnowledgeU


About the author: JS Kim is the Chief Investment Strategist and founder ofSmartKnowledgeU, a fiercely independent investment research and consulting firm with a mission to help re-establish the monetary freedom that bankers have stolen from us. Despite believing that gold and silver will remain highly volatile in 2012, JS believes that long-term holders of physical gold and silver will be richly rewarded as bogus paper gold and silver derivatives start collapsing and reach their intrinsic value in coming years. Follow JS on Twitterand Facebook.

Republishing rights:
 The above article may be reprinted as long as all text, links and the author acknowledgment remain intact and exactly as printed above.

 

http://www.theundergroundinvestor.com/2011/12/did-bankers-deliberately-crash-mf-global-to-crash-gold-and-silver-prices/

People that want to own physical gold and physical silver never should have been buying the GLD, SLV, or gold and silver futures. Now, in light of the MF Global debacle, scores of people will stay away from these fraudulent vehicles for good.

To learn more about our premium Platinum Membershipand our premium Crisis Investment Opportunities memberships, please click on the links or visit us at www.smartknowledgeu.com.

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INVESTMENT CORRUPTION

TIS THE SEASON TO GET REAL

December 24th, 2011 by

http://www.newswithviews.com/JBWilliams/williams169.htm

By J.B. Williams
December 23, 2011
NewsWithViews.com

America on the Brink of Anarchy

When government leaders demonstrate a blatant disregard for the rule of law, the citizens soon follow that example. When justice becomes nothing more than a tool for socialist experiments known as social justice, no longer a system of equal protections guided by existing laws, the people will seek their own form of justice and anarchy will reign, until justice is restored.

Our federal government has refused to keep its Constitutional promise to the states and the people, to among other things, control and enforce our immigration laws, demonstrating a blatant disregard for the rule of law, the state and legal American citizens, not to mention their constitutional obligation.

Border States were left to enforce the law within their own states. But federal courts, which have no jurisdiction over the states, stepped in and blocked the states from enforcing the law and today, dozens of Sheriff Deputies turn in their federal credentials, refusing to abide by federal mandates to break existing immigration laws.

Meanwhile, the Democrat Mayor of D.C. announces his executive order to stand down on federal immigration laws in his city, and Democrat Connecticut Mayor of New Haven, already known as a sanctuary city for illegal activity, announces his intentions to allow illegal aliens to vote in the upcoming 2012 election cycle. The Obama Administration supports both illegal acts.

Democrat Mayors, Governors, law-makers, judges and the White House are living in blatant violation of the law, their oaths of office, the will of legal American citizens and their constitutional authority.

How much longer will the people sit quiet, before taking justice into their own hands, in what has clearly become a lawless society?

Clearly, government officials from the White House all the way down to your local town and all points in-between, have a total disregard for the rule of law and the Constitution of these once United States. Every day, we see government officials act beyond their authority, in direct violation of the law and their oaths of office – still, the American people sit silent, waiting… but for what?

The people allowed their Constitutional Representative Republic to be quietly replaced with a Marxist form of democracy (aka Democratic Socialism) and we are now witnessing simple democracy at its worst. Washington D.C. is the belly of the beast, in terms of political and judicial corruption and lawlessness. But that corruption and lawlessness has been systematically spread across the country, throughout the federal courts, all the way down to your local traffic court.

Judges are no longer restrained by the law. They operate as political tools for change – henchmen for a corrupt administration, federal, state and local. Our nation has been systematically pushed to the brink of anarchy, a lawless society wherein the people will have to exact justice themselves, or live under the boot of government tyranny.

The people have already been silent too long. What are they waiting for?

Fifty years ago, the people could have resolved this matter peacefully, via constitutional processes put in place to protect the people and the states from government corruption and tyranny. But today, themechanisms of justice have been stolen from the people, just like the rest of their government.

The people have no place to turn, to restore the rule of law and constitutional government. The people now stand alone, undermanned and out-gunned – divided, distracted and impotent.

Three-hundred million Americans live in fear of a small handful of evil tyrants operating their government well outside of constitutional authority, ready and willing to use the full power of the federal government, our military, intelligence and law enforcement agencies, to put down any resistance from the people.

The Department of Homeland Security has carefully identified every potential patriotic resister as a “potential domestic terrorist.” The White House has cross-trained federal, state and local law enforcement with military units, staging for civil unrest once the anarchy they created grips the entire nation.

The Clinton Administration launched UN Agenda 21across America in 1996, under a federal program titled Global Governance 2025. The timeline for completing this agenda has since been bumped up to 2013, officially. But economic circumstances here and abroad have caused the Obama Administration to accelerate, attempting a 2012 completion, amid political chaos and partisan stalemates.

Everything we see unfolding today is in support of this agenda to end American sovereignty, security and supremacy in the world. They are even running Intel snitch ops on American citizens from the college campuses. The enemy is a hundred-years ahead of American patriots, who seem stuck in a rut, baffled by a constant diet of propaganda that keeps them only able to chase their own tails.

Only three potential lines of defense remain now – your state line, your county line and your front door.

If the states don’t quickly position themselves to fight back against a corrupt and tyrannical federal dictatorship, this thing is already over. The County Sheriff has an important role to play, but they cannot defend the people alone. They will have to deputize every citizen in their county, as they will face federal, state and local law enforcement, plus the U.S. military and even foreign military units from NATO and the UN. Are you aware of the fact that the U.S. Military enjoys world-wide air superiority?

The states must face the reality that “federal supremacy” is based solely upon “federal funding.” The federal government has very limited authoritywithin a state. It is the federal funding that allows the federal government to dictate to the states and the states must cut themselves off from all federal funding.

If the people fail to stand up a real resistance at their state lines, closely working with their governors and state legislators in order to put their state on what can only be called a war footing, then the people will not be able to defend at their county line, much less their front door.

This thing has been a long time coming and it is coming fast and hard now.

Obama cannot be re-elected without massive voter fraud, including the votes of illegal aliens. The 2012 election cycle will be anything but legitimate, unless the people pile into the election centers and enforce laws that law enforcement agencies will not enforce.Study the Battle of Athens Tennessee 1946. This is what the 2012 election could look like in every district across the nation, especially the inner-city districts. Remember that the Obama Justice Department refused to prosecute Black Panthers who were openly intimidating voters in the 2008 election!

Those who truly understand the desperate condition of our country are not too focused on the 2012 election. They are instead, focused upon getting their states positioned to defend freedom and liberty at the state line.

I am NOT calling for anarchy, I am predicting it.

When our elected representatives operate with a total disregard for the rule of constitutional authority and law, it is only a matter of time before the people disregard the law as well.

The rule of constitutional law applies to everyone, including elected representatives – or it applies to no one at all.

Our federal government has created a lawless government operating against the will of the people, beyond constitutional authority. It is only a matter of time before the people act with total disregard for the law as well.

The people must act to position a last defense at their state line, or this thing, Global Governance 2025, is already over. Only a majority of the states have the power to stop it! If they won’t stop it at the state lines, the people will never know freedom, liberty, national sovereignty, security and supremacy in the world, again.

The time is here… it is now. Or it is never!

Unite to fight!

© 2011 JB Williams – All Rights Reserved

 

JB Williams is a business man, a husband, a father, and a writer. A no nonsense commentator on American politics, American history, and American philosophy. He is published nationwide and in many countries around the world. He is also a Founder of Freedom Force USA and a staunch conservative actively engaged in returning the power to the right people in America.

Web site 1: www.PatriotsUnion.org

Web site 2: www.VeteranDefenders.org

OLDDOGS COMMENTS

J.B.I have been following your articles on NWV for some time now, and I cannot remember anything I disagree with. With all my mind and soul, I thank you for your writing skill all these years, and now that the end is so close, I wish to see a gathering of the many writers I have supported with my own small efforts. If would be a great privilege to shake your hand before I lay dead on my front porch, because I see no possibility of the local people defending our county from those traitors in DC. They are all addicted to the two party system, with absolute faith that it will work, and some hero will do all the work so they can continue sitting on their ass in safety.

 

The more I tell them the system is corrupt, the more they defend it, and I have concluded that my neighbors will obediently climb aboard the busses on their way to the death camps with tears of gratitude, and praise for the deluded soldiers.

 

We can realistically look for only a small contingent of real patriots willing to die for their freedom. I am grateful you are one of them. I am well armed with plenty of ammo for a sustained fight, and can think of no better way to die.

 

Until they take the net away from us, you will see my contribution at http://anationbeguiled.com  and  http://anationbeguiled.wordpress.com

 

After that in the obituaries!

 

James P. Harvey (aka OldDog)

wethepeople@anationbeguiled.com

olddog@anationbeguiled.com

The end of America

The Tavistock Institute

December 17th, 2011 by

1 http://www.thedailybell.com/3359/Anthony-Wile-Desperate-Elite-Defense-Our-Memes-Are-Emotionally-Honest

 

The Tavistock Institute sits at the center of a web of evil, if one is inclined toward free-market thinking principles. It’s safe to say that most of the American population hasn’t a clue when the Tavistock Institute is mentioned what it stands for. It’s not a new organization. This London based not-for-profit organization was founded in 1947. The Institute operates a $6 billion a year network of foundations and it’s all funded by US taxpayers.

Ten major institutions are under its direct control but 400 subsidiaries and 3,000 think tanks and study groups that develop, implement, and impose some of its research. For instance, the Stanford Research Institute (SRI International), a $150 million-plus per year operation with 3,300 employees, is a subsidiary of the Tavistock Institute.

The Stanford Research Institute orchestrates program surveillance for Kaiser and Bechtel, as well as about 400 other companies, plus it implements extensive intelligence operations for the CIA. SRI is located on the West Coast of the United States. Its main focus is behavioral sciences and mind control.

The Tavistock Institute was originally established to study the effects of the condition called ‘shellshock,’ which affected many of the British soldiers who survived the First World War. The initial research established a breaking point for men under stress and made important progress in terms of treatment.

When Sigmund Freud moved to England and settled in Maresfield Gardens he became one of the main psychiatrists and somewhat of an academic rock star thanks to his work on behavioral science theories and mind control tactics.

Today, the Tavistock network extends from the University of Sussex to MIT, Esalen, the Hudson Institute, the Heritage Foundation, US Air Force Intelligence, the Center for Strategic and International Studies at Georgetown and the Mitre and Rand corporations. A network of secret groups indoctrinates personnel from these organizations so there’s an element of modern day cloak-and-dagger tactics surrounding the Institute.

The elite have used such hidden-in-plain-sight organizations as the Tavistock Institute to propound fear-based promotions that frighten Western Middle Classes into giving up wealth and power to pre-made globalist solutions such as the UNWorld BankIMF, etc. But in the 21st century, these promotions are increasingly exposed and thus losing their effectiveness.

Everything from global warming to Peak Oil and the war on terror itself has been undermined by countervailing information to be found on the ‘Net. Even central banking – the elite’s most important falsification – has come under sustained attack.

Conspiracy

 

 


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