What’s Obama’s real objective? … “And now, as if to underscore my theory, he’s coming after your guns and moving quickly to extend a “a pathway to citizenship” for perhaps tens of millions of foreigners who jumped ahead of the line of millions of other would-be immigrants who followed the laws of the land in their efforts to come to the greatest country the world has ever known. Obama isn’t stupid. Obama is at war with America. ..”
I write this column with a certain amount of trepidation, knowing the subject not only believes he has the power to order targeted assassinations of American citizens, but has actually already misused that perceived authority.
So here goes.
I have come to the conclusion that nearly everything Barack Obama does under the color of his authority as president is designed to weaken our country economically, militarily and morally.
I don’t think I could ever make that statement about any of his predecessors – and there have been some real bad ones.
Let’s begin with his economic policies. It’s not that those policies have not worked as intended. The problem is that they have worked exactly as intended. As he told us while campaigning in 2008, it’s about redistributing the wealth. That’s what he thinks his job is. That’s what he believes he was elected to do. That’s what he thinks he has the power to do, and he fully intends to use it as he has through his first term.
The frustration and apprehension is understandable. I can’t begin to tell you how many emails we’ve received over the last few days, mostly from US citizens who reached their breaking points, asking “where can I get a second passport?”
One of the biggest banks in the world wants the president’s favorite banker muzzled.
(ref: How Banks Bought the Tea Party)
The 15 freshmen Republican representatives in the House Tea Party Caucus each ran in 2010 on a populist anti-Wall Street message, highlighting their opposition to bank bailouts like the 2008 Troubled Asset Relief Program (TARP) and criticizing Washington for enabling the banking sector as it became “Too Big to Fail.” After winning, all fifteen received significant PAC contributions from the banking industry — and have become a reliable vote and mouthpiece for the financial industry, a ThinkProgress analysis of campaign contributions, voting records and public statements reveals.
A Cross of Debt At base, the problem reduces to an alliance between two voracious crime families: avaricious bankers and financial speculators, on one side, in league with ambitious careerist politicians, on the other. ~ by Dr. Edwin Vieira, Ph.D., JD
A Cross of Debt
At base, the problem reduces to an alliance between two voracious crime families: avaricious bankers and financial speculators, on one side, in league with ambitious careerist politicians, on the other.
Their strategy has always been to link the moneyed class with the government’s treasury, so as to advance the special interests of both families.
The bankers and speculators incorporate the treasury as an integral part of their business plans.
The politicians agree to…..
In spite of everything we have been taught about history, the truth is now painfully clear—there has never been “real money” involved.
Since Mercantilist London established International banking, the actual truth of it has been hidden in plain sight. If you believe capitalism somehow derives from deposits of wealth into banks, You, like me and virtually everyone else, were cruelly misinformed.
Capitalism is simply a grand illusion performed on the world by Masonic, Cabalists who created the means of financing otherwise impossible economies of scale out of thin air, and using that Godlike Luciferian power to enslave the world. Never mind all that crap about goldsmiths and receipts. It is all part of the greatest trick the devil ever played.
The People’s Money System ~ “COULD THE NATIONAL DEBT, AND ALL DEBTS, BE ELIMINATED? by Steven Wayne Pattison”| The Post & Email
by Steven Wayne Pattison, ©2011, All Rights Reserved
(Dec. 27, 2011) — Marilyn M. Barnewall posted:
Because my career was banking, I have written much about the attack on America’s independent banks by a federal regime that apparently seeks global governance.
And Dr. Edwin Vieira, Jr., Ph.D., J.D. posted:
Interest Rates in a Gold Coin Standard by Gary North ~ “…This is mainly the result of Ron Paul’s 2007 candidacy for the Republican nomination …”
Americans are living in a world of central bank profligacy. This has been true ever since 1914, when the Federal Reserve System opened for business. But the most recent bank-created economic crisis, which began in December 2007, has received more attention than ever before.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
Banks Quietly Ramping Up Costs to Consumers
NY Times ^ | November 13th 2011 | Eric Dash
Posted on Monday, November 14, 2011 7:00:12 AM by Cardhu
Need to replace a lost debit card? Bank of America now charges $5 — or $20 for rush delivery.
Deposit money with a mobile phone? At U.S. Bancorp, it is now 50 cents a check.
Want cash wired to your account? Starting in December, that will cost $15 for each incoming domestic payment at TD Bank. Facing a reaction from an angry public and heightened scrutiny from regulators, banks are turning to all sorts of fees that fly under the radar. Everything, it seems, has a price.
High Bank Fees Give Wal-Mart a Money Aisle
NY Times1 ^ | November 7th 2011 | ANDREW MARTIN and STEPHANIE CLIFFORD
Posted on Tuesday, November 08, 2011 7:12:30 PM by Cardhu
Geoffrey Cardone, a 26-year-old factory worker, said he dumped his bank account because he felt that he was being nickeled and dimed by fees. His new payday ritual includes a trip to the Wal-Mart here in northeastern Pennsylvania.
“It’s cheaper,” said Mr. Cardone, who was charged a flat fee of $3 to cash his paycheck. Many check-cashing stores keep a percentage of the check, which tends to be higher.
The Wal-Mart here has a clerk in a brightly painted Money Center near the entrance, like more than 1,000 other Wal-Marts across the country. Customers can cash work and government checks, pay bills, wire money overseas or load money on to a prepaid debit card.
At most Wal-Marts without dedicated Money Centers, the financial services are available at the customer service desks or kiosks.
Four years ago, Wal-Mart abandoned its plans to obtain a long-sought federal bank charter amid opposition from the banking industry and lawmakers, who feared the huge retailer would drive small bankers out of business and potentially conflate its banking and retail operations. Ever since, Wal-Mart has been quietly building up à la carte financial services, becoming a force among the unbanked and “unhappily banked,” as one Wal-Mart executive put it.
Even before the recent outcry against banks, the services had become popular with cash-poor customers, many of whom never had a bank account and found the services more affordable than traditional check-cashing operations. Now newcomers to the ranks of the banking disaffected are helping to swell the numbers, Wal-Mart officials said.
Bank of America CEO Takes Hubris to New Level by Chastising Public
InvestorPlace ^ | 10/26/11 | Jeff Reeves
Posted on Tuesday, November 08, 2011 9:42:49 AM by ThirstyMan
Bank of America (NYSE:BAC) is one of the most hated companies in America — and for good reason. BAC stock is down 50% this year and over 85% from its 2008 peak. Bank of America plans on instating a $5-per-month debit-card fee at the beginning of next year. It took billions in bailout money while regular Americans continue to face stagnant wages, runaway inflation and no relief from the brutal realities of both the housing market and job market.
But apparently Bank of America CEO Bryan Moynihan thinks we are all being a bit too hard on him and his cronies.
A week after the BBC exploded Alessio Rastani to the stage, it has just done it all over again. In an interview with IMF advisor Robert Shapiro, the bailout expert has pretty much said what,once again, is on everyone’s mind: “If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system.
We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected.
All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world. This would be a crisis that would be in my view more serrious than the crisis in 2008…. What we don’t know the state of credit default swaps held by banks against sovereign debt and against European banks, nor do we know the state of CDS held by British banks, nor are we certain of how certain the exposure of British banks is to the Ireland sovereign debt problems.”
But no, Morgan Stanley does, or so they swear an unlimited number of times each day. And they say not to worry about anything because, you see, it is not like they have any upside in telling anyone the truth. Which is why for everyone hung up on the latest rumor of a plan about a plan about a plan spread by a newspaper whose very viability is tied in with that of the banks that pay for its advertising revenue, we have one thing to ask: “show us the actual plan please.” Because it is easy to say “recapitalize” this, and “bad bank” that. In practice, it is next to impossible. So yes, ladies and gentlemen, enjoy this brief relief rally driven by the fact that China is offline for the week and that the persistent source of overnight selling on Chinese “hard/crash landing” concerns has been gone simply due to an extended national holiday. Well, that holiday is coming to an end.
By the way, Reuters, Shapiro is not a Yes Man -we’ll spare you the ruminations…..
For want of a nail the shoe was lost; for want of a shoe the horse was lost; for want of a horse the rider was lost; for want of a rider the battle was lost; for want of a battle the kingdom was lost.
Is it possible after all the trouble Bank of America has found themselves in, the final nail in their coffin will be a $5 per month debit card fee?
When Bank of America acquired Countrywide Financial the pundits said it was a match made in heaven.
Well, I sure hope heaven never looks like this.
From robo-signings to subprime chaos, the acquisition trail has proven much more harmful than good.
Sales of worldwide credit card divisions and prior foreign bank acquisitions gave some relief to the capital pressure, but apparently, not enough help.
As lawsuit upon lawsuit mounted from attorney generals, counterparties, and individuals, the pressure for action continued.
Yet, analysts were unrelenting in pronouncing a buying opportunity as the stock fell lower and lower. It was hinted the “powers that be” would never allow BAC to go below $5.
That price would create all sorts of holding requirements, so it would never happen, so they say.
Sale of assets offered one solution to the problem, and, of course, management changes presented yet another way out.
Still, there was no relief in sight.
Finally, as if everything else was not enough, another predicament arose.
According to the Fed, debit card transactions could no longer be charged $0.44 per transaction; it needed to be reduced to $0.22.
Facing a 50% loss of income, BAC’s solution was to impose a $5 monthly fee for utilizing the card, even if it was only used once per month.
Needless to say, it seems that customers were not annoyed or worried by the subprime mortgage shenanigans, multiple lawsuits, or even the liquidation of prime assets. However, when it came to reaching into their pockets for a monthly fee, customers were totally outraged.
This anger could result in a mass withdrawal of deposits, the last thing Bank of America either expected or desired.
As reflected by the current stock valuation, BAC is skating on very thin ice.
The last thing they need is a bank run created by their own greed and stupidity.
Before they acted they should have read the poem “For Want of a Nail.”
Bank of America would have learned the final result is loss of a kingdom
RUSH: You remember, ladies and gentlemen, I can’t tell you the number of times it has become a major discussion topic for callers when banks have raised the ATM fee. People go nuts. They e-mailed me and called and talked about what a bunch of rotten creeps the banks were, “Why does there have to be a fee on the ATM anyway? I’m already paying this bank out the wazoo.” Well, sit tight because your bank is going to jack up your debit card fee. “Bank of America customers with basic checking accounts will be hit with a $5 monthly fee in order to use a debit card for purchases, the bank announced Thursday. Banks and card companies have been aggressively establishing and raising fees in recent weeks as banks plan for new rules taking effect Saturday that limit the amount they can charge retailers for each debit card purchase.” And credit card,,,,,,,,,,,,,,,,,,,,,,,,,,
And it’s doing that while screwing average Americans who have been responsible and lived within their means.
The Federal Reserve is quietly continuing with one of the many outrageous bank-bailout programs it initiated during the financial crisis–the one in which it pays big banks interest on their “excess reserves.”
What are “excess reserves”?
Money that the banks have but aren’t lending out–money that banks are just keeping on deposit at the Fed.
The Fed is paying banks 0.25% interest on this money.
0.25% interest may not sound like much, but it’s more than the banks are paying you to keep money in your savings or money-market account. It’s also more than you’ll earn if you lend the Federal government money for 2 years.
Well, because, thanks to another one of its bank-bailout programs, the Fed is keeping short-term interest rates at zero.
In other words, the Fed is paying banks not to lend money and screwing you, American citizens, because you’re dumb enough to have saved money.
This is just so bass-ackwards it’s not to be believed.
Why on earth is the Fed paying banks not to lend? Well, back in the financial crisis, the Fed wanted to find ways to secretly bail out the banks without it being screamingly obvious to every American that that was what it was doing.
(Excerpt) Read more at businessinsider.com …
As the fury and venom flies over the debt ceiling, and now the GOP attempt to shove a Balanced Budget Constitutional Amendment thru as the price for their votes, it’s easy to see how the public is manipulated into mutual disdain and vicious ideological and class warfare by media and politicians. Dare I suggest that we – taxpayers of all political stripes and beliefs, no matter how far apart – are being played the fools big time? This should be abundantly clear by one simple and unavoidable fact… there is overwhelming bipartisan unity that if the debt ceiling is not raised, the US faces fiscal Armageddon.
If that’s the case, exactly what are the parties arguing? Because neither one is making a genuine case, or dent, for the reduction of spending, genuine entitlement reform, or increased revenue thru tax increase or a more capitalist/entrepreneurial friendly policy.
“Any delay in making an interest or principal payment by Treasury even for a very short period of time would put the US Treasury and overall financial markets in uncharted territory and could trigger another catastrophic financial crisis,” said Matthew Zames, a JPMorgan executive, in a letter to Tim Geithner, the Treasury secretary, this week.
Mr Zames was writing as chairman of the Treasury Borrowing Advisory Committee, which includes some of the largest investors in US
You can read Zames’ letter to Geithner here, as reprinted in the NYTs last April.
Not banking on letters and media as the only devices to fight the good fight of a higher US credit limit, bank exec lobbyists and Wall Street executives have been meeting privately with the political elite for some time now, looking for assurances that no matter what the political posturing done, or whatever concessions are agreed upon, the debt ceiling will be raised for the negotiated price paid.
This lobbying, Whining… er… Wining and Dining includes a hefty amount of the 20 banks that could bring the US economy to it’s knees, in the event of a default.
Simply put, the omnipotent authorities of banks and investors are whispering threats of doom and gloom into the collective ears of the WH, Congress and the US Treasury that unless the nation’s credit card threshold is increased, interest rates will rise on T-notes, the fed’s credibility in the bond market will be shot and there would be a fire sale on US bonds, banks will fail, short term lending will disappear or become unaffordable, and the nation will spiral into a depression…
… that’s assuming there’s someone left that doesn’t think we’re not already spiraling around the toilet bowl flush to depression already.
And when the big banks whisper sweet nothings, the Congress listens.
(Excerpt) Read more at floppingaces.net…
The Debt Debate’s Real Doomsday Scenario
The Debt Debate’s Real Doomsday Scenario:
“On Tuesday, in the late morning, I asked a banker to explain what will happen if the debt ceiling is not raised on August 2. He was not just any banker; he was and is the authority on the U.S. bond market at one of the biggest banks in the world.
He is in touch with the Treasury Department, and the Treasury Department is in touch with him. When I asked the bank if I could speak to someone about the debt ceiling, it wouldn’t let me speak to anyone but him.
He is a good source, and what he told me should have calmed me down about this whole government-created government crisis, because what he told me was that even if Congress doesn’t raise the debt ceiling, the Treasury Department will not stop paying the interest on its debts.
(Excerpt) Read more at esquire.com …”
Posted by Gunny G at Thursday, July 14, 2011
The Elite, the ‘Great Game’ and World War III
The Elite, the ‘Great Game’ and World War III:
“The control of the US, and of global politics, by the wealthiest families of the planet is exercised in a powerful, profound and clandestine manner.
These banking families and their subservient beneficiaries have come to own most major businesses over the two centuries during which they have secretly and increasingly organised themselves as controllers of governments worldwide and as arbiters of war and peace.
Unless we understand this we will be unable to understand the real reasons for the two world wars and the impending Third World War, a war that is almost certain to begin as a consequence of the US attempt to seize and control Central Asia.
The only way out is for the US to back off – something the people of the US and the world want, but the elite does not.”
Posted by Gunny G at Saturday, June 11, 2011
Inflation Inferno I
Inflation Inferno I
Mises ^ | April 28, 2011 | George F. Smith
Posted on Friday, April 29, 2011 3:56:11 PM by george76
Governments can only wring so much money from their citizens through taxation without inciting civil disobedience, so they make friends with bankers, who have a way of making money appear from nowhere. The money they create isn’t sound, but almost no one cares. For politicians, it’s sound enough; it provides them with claim tickets to market wealth, which is all they want. Sound money would not cooperate in this manner. It does not emerge from central-bank policy decisions.
Governments and bankers hate gold because its supply cannot be inflated on command. They work hard to establish and retain a monetary system under their control that can respond quickly to their demands for inflation — or what today is called “accommodation.” World War I provides a tragic case in point.
Making Green by Turning the Countryside Red
The ones who profited from the war had little in common with the men who fought it. The fighting was left mostly to young conscripts, many millions of whom were killed or wounded. The ones who profited knew their way around Washington.
If monetary sovereignty had resided with the market instead of with government, the war would not have been fought. Or if it had started, it would have ended much sooner. Sound money had to die before men could die in such large numbers.
(Excerpt) Read more at mises.org …
Have you ever heard of mob robberies? What happens is that dozens of young people storm a store at the same time, take whatever they want, and then storm out as powerless store clerks watch helplessly.
Most of the time these “mob robbers” end up getting caught, but unfortunately “group crime” is a trend that is rising.
Is it a sign of the times that large groups of people are starting to recklessly invade retail establishments? Is this the future of America? As I have written about so frequently, the U.S. middle class is being destroyed by this economy and large numbers of our young people are losing hope.
Frustration and anger are rising from coast to coast and millions of Americans are losing faith in the system. The thin veneer of civilization which we all take for granted is already starting to disappear.
So what is going to happen when the economy collapses? As our economic system fails, mob robberies and rampant looting are only going to become more common. Let us hope that the economy can hold together for at least a couple more years, because once society falls apart things are going to get really, really ugly in our major cities.Are you prepared for what America is going to look like during the next Great Depression?
It isn’t going to be pretty. Over the past couple of decades we have gotten hints of what America is going to look like when society breaks down, and those hints have been very frightening.This first video is a news report about the mob robberies that have taken place in Minnesota recently. What would you do if you were a store clerk in this situation….
The age of the plain old credit score is gone, says a report at the Wall Street Journal, and it’s been replaced by ever more intrusive efforts by banks and credit agencies to gauge exactly what you’re worth, and what you can pay.To that end, financial firms are now tracking their customers’ bank deposits, rent payments or home values, and even utility bills to figure out who may soon become a financial risk, reports WSJ’s Karen Blumenthal.
So, for example, if your employer pays you through direct deposits and those deposits stop, financial institutions can now have warning that your money situation is likely to tighten, and may deny you credit on that basis.But the efforts don’t end there. A new area of research, income estimation, “took off earlier this year,” WSJ reports, and involves financial firms collecting information about mortgages, personal loans and credit history to determine how much an individual makes and how much credit they should be given.In this new era of deep data-mining, even your utility bills and rent check aren’t out of bounds.
Full article here
RE-INSTATE Glass-Steagall Act
REPEAL The Sarbanes-Oxley Act-
REPEAL NAFTA –
Place a Tobin Tax on traders who wreck our system by taxing all trades over 1 million (tax the banksters and take the profit out of their crime)
Audit the Federal Reserve
End the Federal Reserve
STOP ALL DEBT BASED MONEY SYSTEMS
Institute by Congress as per the Constitution, a Gold, Silver, Commodity, and limited fiat currency with no debt attached system.
Prosecute the banksters for treason and sedition. (Bernanke, tiny Tim Geightner, Henry Pauslon, Kash & Karri, and others
TARRIFFS- Pass legislation to impose a 50% Tariff on goods and services from China and other countries.
STOP ALL WELFARE to illegal aliens (undocumented workers)
Bring the troops home from around the world and place them on the border, starting with Arizona, implement Marque and Reprisal on Mexican drug dealers
STOP carbon TAX agenda at local levels as well as in Congress
All States should implement a State Bank similar to what North
Dakota has been doing for the last 100 years or so.(one of the few states with a surplus)
Cut taxes in half immediately- and phase out taxes and the IRS
America and Americans will prosper!