The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts
http://theeconomiccollapseblog.com/ ^ | 3/18/13 | Michael Snyder
Posted on Monday, April 01, 2013 5:03:31 PM by Mozilla
So exactly how did the big banks in Cyprus get into so much trouble? Well, they have been doing exactly what hundreds of other large banks all over the U.S. and Europe have been doing. They have been gambling with our money. In particular, the big banks in Cyprus made huge bets on Greek sovereign debt which ended up failing.
But what happened in Cyprus is just the tip of the iceberg. All over the planet major financial institutions are being incredibly reckless with client money. They are leveraged to the hilt and they have transformed the global financial system into a gigantic casino.
Prison Planet.com » Very Real Danger of Collapse: “Could Be So Severe I Don’t Think Our Civilization Could Survive It”
July 18, 2012
The single most important factor responsible for fueling the last several decades of economic growth has been credit expansion. Whether it’s central banks lending money to large financial institutions, or private banks dispersing funds to businesses and individuals, our lifestyles simply would not have been made possible without it – builders couldn’t build homes, manufacturers couldn’t acquire raw materials, and consumers wouldn’t be able to consume. Living in a country whose currency happens to be the reserve trade instrument for the entire globe has had its benefits. We’ve built huge homes, enjoyed healthy diets, taken luxurious vacations; we’ve even exported menial jobs that no civilized members of society would ever engage in to third world labor camps.
Ron Paul Is Hosting A Hearing On Ending The Federal Reserve Right Now
May 8, 2012
Texas Congressman Ron Paul will once again face off against his central bank nemesis this morning, during a Congressional hearing on monetary policy and the Federal Reserve.
The hyped-up hearing is titled “The Federal Reserve System: Mend It Or End It?,” and will be hosted by the House Finance Committee’s Domestic Monetary Policy and Technology Subcommittee, which oversees the Federal Reserve and which, incidentally, is chaired by Ron Paul.
The hearing will feature testimony from several economists and lawmakers, all of whom have some problem with the central bank. No one who works for the Fed is scheduled to testify.
The subcommittee will also consider several bills, including Paul’s Federal Reserve Board Abolition Act, which would abolish the Federal Reserve, its Board of Governors, and eliminate the Federal Reserve Act.
“More and more people are beginning to understand just how destructive the Federal Reserve’s monetary policy has been,” Paul said in a press release. “I hope that this hearing will kickstart a serious discussion on the need to rein in the Fed.”
Fed Denies Link to Watergate, Iraq’s Saddam Hussein… (…RON Paul: “Would you grant that the American people deserve to know whether the Federal Reserve has been involved with this and what kind of shenanigans they’re involved with?” he asked.”)
The Federal Reserve System investigated itself and determined that concerns about undue political influence surrounding its alleged role in the Nixon Watergate scandal and a subsequent cover up, as well as allegations that the Fed facilitated a massive weapons loan to former Iraqi dictator Saddam Hussein, were unfounded. Analysts and critics of the central bank, however, were not entirely convinced.
The establishment press promptly celebrated the findings — inaccurately characterizing the privately owned U.S. central banking system as a government “agency” — while largely omitting the well-documented evidence of widespread malfeasance by the government-backed monetary cartel. Several mainstream media outlets even used the investigation to attack the escalating suspicion and anger about the Fed, its multi-trillion dollar bailouts to entities around the world, its manipulation of markets, and its notorious secrecy.
The meltdown explanation that melts away … Although our understanding of what instigated the 2008 global financial crisis remains at best incomplete, there are a few widely agreed upon contributing factors.
One of them is a 2004 rule change by the U.S.Securities and Exchange Commission that allowed investment banks to load up on leverage. This disastrous decision has been cited by a host of prominent economists, including Princeton professor and former Federal Reserve Vice- Chairman Alan Blinder and Nobel laureate Joseph Stiglitz. It has even been immortalized in Hollywood, figuring into the dark financial narrative that propelled the Academy Award-winning film Inside Job. Bethany McLean is a contributing editor at Vanity Fair, and co-author with Joe Nocera of “All the Devils are Here:
The Hidden History of the Financial Crisis.” Her first book, “The Smartest Guys in the Room,” co-written with Peter Elkind, became an Academy Award-nominated documentary. – Reuters
Dominant Social Theme: The meltdown was a catastrophe. It was caused by regulations … taxes … leverage … big business … big government … mortgage products … derivatives … greed … Satan … but one thing is for certain, it wasn’t caused by fiat-monopoly central banking. We know that for sure. Central banking had nothing to do with it ….
…..So…how have we strayed from the path of righteousness?
As Andrew Jackson observed: “It is well known that there have always been those amongst us who wish to enlarge the powers of the general government…and…overstep the boundaries marked out for it by the Constitution”.
The very nature of bureaucracy is to try to expand influence and power which become so entrenched as to be unchangeable without herculean measures. Add to the creeping desire for power of the central government the deterioration of society by the ever increasing dependency upon government for that which should be done by the individual, and we have a formula for the demise of our way of life.
The saddest of all realities however, is that we have allowed our way of life; our freedoms; our independence; to be stolen out from under us by those we elect to hold office. We allow them to ingratiate themselves at the public trough; enrich themselves at taxpayer expense; continue to reelect them; and allow them to retire with benefits fitting a god. We the voters have been the enablers here, and must share much of the blame. Will America lose its freedom? Is there still time for that “Hail Mary Pass”?
…..Ron Paul – June 3, 2009
We cannot expect correct policies to be implemented if we don’t understand the cause of the crisis… We have failed to recognize the true cause of the crisis. Instead, free markets and not enough regulations and central economic planning have been blamed… There is an attitude that the deficit and inflation can be dealt with later on. Yet tomorrow will be here sooner than later… Pretending that politicians, central bankers and regulators have the knowledge to centrally plan the economy and police the world only makes things worse.
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.
A battle for the future of mankind has been going on for many centuries. We are in the final phases of the battle, where unless there is sufficient resistance both legally and spiritually, America and the freedom’s it represents is about to violently gang-raped in the public square and shot to death. The men and women who will commit this crime are in the media, military, politics, science, art, culture, education and they could be you and I. The future is not fixed. What we believe and what we do will determine the outcome. Many do not recognize that America’s death and rape will soon be their own, there is nowhere to hide. Freedom of speech, freedom of the press, freedom of religion taken from one group will quickly be stolen from all.
…..Ever since the dawn of American civilization, man continues to wrap himself up in complexity. This behavior has all the earmarks of a subconscious death wish. Government writes legislation that is over 2,000 pages (i.e., Obama Care, Dodd-Frank Bill, etc.). In contrast, some of the largest novels ever written were only about 1,000 pages, single spaced. We have hundreds of bureaucracies, at all levels of government, writing hundreds, if not thousands of pages of rule, after rule, after rule ….. every day! The Constitution is only about 20 pages.
On the international front, we have entangled nation-to-nation Central Banks, the IMF, the WTO, NGO’s and thousands of treaties that further tie civilization up in knots. You can’t move sideways without running into a rule or a law, national or international. Most people are law breakers because of too many laws but they don’t even know it, much less care. These national and international entanglements are slowly obliterating American sovereignty and freedom, right under our noses…..
Prison Planet.com » Federal Reserve Bleeds The Dollar To Keep Europe On Life Support For Another Week
What does that mean?
Essentially today’s action makes it easier for the ECB and thus European banks to borrow dollars.
It’s not a solution to the euro crisis by any means; it just means that the most acute liquidity problems will be mitigated for now.
The market is loving the news.
US markets had been down by 0.5% at one point this morning, but now futures are pointing to a 3% gain. Dow futures are up 2.83%.
September 9, 2011
Happy ‘4th of July‘
Posted by Lew Rockwell on September 9, 2011 10:02 AM
If we were as honest as the French, we would admit that there have been at least 5 US republics. The 1st was founded in 1789, in the centralization and empowerment of government in the Constitution; the 2nd came with the increased centralization under Lincoln; the 3rd was established under Wilson with world war, central banking, the income tax, and the centralizing 17th amendment; the 4th was founded by FDR with his fascist New Deal and another world war; and the 5th was born on 09/11/01.
Now, I’ll admit these are arbitrary; one could add Truman, LBJ-Nixon, and others; every single US president has left the government more powerful than he found it. Also note that I use the president’s name to symbolize the oligarchy of government, as if government were personal, as in the ancient world; of course, the president is just a campaign button on the lapel of the plutocracy, and that was as true of George Washington as it is of Barack Obama.
In any event, as we are all instructed to celebrate the further empowerment of the banking-military junta, and as we are warned about some alleged threat from agent provocateurs, I say: Bah, humbug. I do not consent to be ruled by this murdering, lying gang of thieves. I reject the State and all its works, and all its empty promises.
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.
Bernanke said in prepared remarks that the economy is growing more slowly than expected, and should that continue the central bank stands at the ready with more accommodative measures.
“Once the temporary shocks that have been holding down economic activity pass, we expect to again see the effects of policy accommodation reflected in stronger economic activity and job creation,” he said
“However, given the range of uncertainties about the strength of the recovery and prospects for inflation over the medium term, the Federal Reserve remains prepared to respond should economic developments indicate that an adjustment in the stance of monetary policy would be appropriate.”
Full story here.
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 …
I doubt you will see this chart in the mainstream media any time soon… if EVER. This is a chart of the US monetary base. In simple terms, it charts how much money the Fed has pumped into the system (at least that it admits). So it’s a kind of visual of the Fed hitting the PANIC button: when the monetary base explodes higher, the Fed is FREAKING out. You’ll note that during the Financial Crisis the Fed didn’t do much until the autumn of 2008 when it pumped nearly $1 trillion into the system. Think about that, the Fed didn’t go nuts pumping money until the stuff REALLY hit the fan. You’ll also note that there’s only one other time when the monetary base went absolutely vertical: TODAY. Indeed, the Fed has pumped nearly $500 billion into the system since the start of 2011. Don’t even try to tell me this is QE 2. If it was then the monetary base should have spiked in late 2010, NOT in 2011. No, this is the Fed FREAKING OUT about the financial system again. And it’s a freak out on par with 2008. So if you think that all is well “behind the scenes” you’re in for a rude surprise. Something BIG is going down and it’s NOT good. And rest assured, by the time the mainstream media announces what it is, it will already be in full swing. Prepare Now!
Read Full Story
How To End the Federal Reserve Systemby Gary NorthRecently by Gary North: You Could Become an Amateur Historian . . . and Get a Promotion Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery.
They did good work from their point of view. They concealed the beast.The general public today knows little about the FED. Prior to Ron Paul‘s Presidential run in 2007-8, far fewer people understood it.I have been asked: “How could we get rid of the Federal Reserve?
What will replace it?” The answer: either the free market or Congress.People who think of themselves as free market people often are not. The tax-funded public schools and the state-regulated and accredited university faculties have taught that the modern system of intrusive civil government is necessary for an orderly society. People cannot imagine a market-based society.There is an old saying, “You can’t beat something with nothing.” But the free market social order is not nothing. It is expanding around the world, which is why the world is getting richer.At the Federal level, a free market social order in banking existed prior to 1914. That was back when the dollar was worth over 20 times what it is worth today. On this point, see the inflation calculator of the Bureau of Labor Statistics.
We can go back to that system. We will go back to it. The question is: When? The other question is: At what price?ENDING THE FED BY LAWRon Paul could introduce a bill to end the Federal Reserve System. He could call it: “The Monetary Liberty Act.” It would get known as the “End the Fed Act.” Here is what the text might say.
Andrew Gavin Marshall: “Crisis is an Opportunity” – Engineering a Global Depression to Create a Global Government
The Global Economic Crisis As a Pretext for Global Governance
With the onset of the global economic crisis in 2008, powerful political and economic figures began making the call for constructing systems of global governance to manage and “prevent” crises. In September of 2008, in the midst of the financial crisis, Garten wrote an article for the Financial Times renewing his call for a global central bank, which he termed a “Global Monetary Authority.” A month later, Garten wrote a piece for Newsweek saying that, “leaders should begin laying the groundwork for establishing a global central bank.” In the same month, John Mack, CEO of Morgan Stanley said that, “it may take continued international coordination to fully unlock the credit markets and resolve the financial crisis, perhaps even by forming a new global body to oversee the process.” In October of 2008, then Prime Minister of the UK, Gordon Brown, called for “a new Bretton Woods – building a new international financial architecture for the years ahead,” and that he would want “to see the IMF reformed to become a ‘global central bank’ closely monitoring the international economy and financial system.” In the same month, Brown wrote an op-ed for the Washington Post in which he said that this ‘new Bretton-Woods’ should work towards “global governance.”
What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope.Try the Federal Reserve. November 3rd is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could be the most important meeting in Fed history, maybe.
To say there has been considerable debate and anxiety among Fed watchers about what the central bank should do would be an understatement.
Posted on my site with links at www.devvy.com
“Paper is poverty,… it is only the ghost of money, and not money itself.” — Thomas Jefferson to Edward Carrington, 1788. ME 7:36
Treating the symptoms will not cure the disease.
Patrick Henry said:
“Congress by the power of taxation – by the raising of an army, and by their control over the militia, have the sword in one hand, and the purse in the other. Shall we be safe without either? Congress have an unlimited power over both: they are entirely given up by us. Let him candidly tell us where and when did freedom exist, when the sword and purse were given up by the people? Unless a miracle in human affairs interposed, no nation ever retained its liberty after the loss of the sword and purse. If you give them up you are gone.”
Section 30 of the Federal Reserve Act. Do you know what it says? Considering the devastation caused to our republic by the worthless fiat currency known as Federal Reserve Notes, one would think Congress would have moved on it by now to stop the legalized counterfeiting by the “FED“. Why haven’t they? Because 95% of them have no understanding of the disabilities of our monetary system:
“No one knows what to do. We are in new territory here. This is a different game. We’re not here playing soccer, basketball or football, this is a new game and we’re going to have to figure out how to do it.” Sen. Harry Reid [D-NV], September 17, 2008 (Bank meltdown that slapped America in the face. The ignorant Outlaw Congress illegally raped us with bail outs as their solution.)
It is exactly that level of ignorance in the U.S. Congress for decades that has brought America to the brink of financial ruin. Insider, William Greider, author of Secrets of the Temple, said the same thing during his testimony, House Banking Committee, October 7, 1993:
“Otherwise confident and intelligent people including members of Congress – defer to the Fed’s wisdom mainly because they do not understand it….The only players who are left out of this conversation are the American people and, to a large extent their elected representatives. Instead, they are provided a frustrating stream of evasive euphemisms and opaque jargon and platitudinous generalities and, sometimes, even downright deception. As more than one Federal Reserve governor confided to me, it would be very difficult – perhaps impossible – for the Fed to have an honest discussion of monetary policy with Congress or the public because the level of ignorance is so profound.”
Below is one of the most important, if not the most important, set of DVDs every adult American, member of Congress and state legislature should watch. If you are a business owner — viewing this DVD set is a must. This presentation by Dr. Edwin Vieira brings forth with clarity the solutions to buffer the unstoppable freight train (financial collapse) the states must adopt as well as the sword. I urge you to get a copy for yourself and one for your state rep and senator. There is no monetary gain for my recommendations.
Time grows short. The state legislatures are going to open for their new sessions in January. It cannot be business as usual regarding the banking system, the dying dollar and states setting up a parallel monetary system apart from the “FED”. Those who know nothing about the treason underway to create a North American Union and ushering in of a new currency need to learn because the bankers know their confidence game is teetering on the brink. Forcing a “new” currency is just another method to buy time and stall the collapse. This is as serious as a heart attack and it’s as real as one. Please share this with everyone you know.
The Purse and the Sword
by Dr. Edwin Vieira available from the Heritage Research Institute (8 1/2 hours; 4 discs)
Too many people don’t understand how you conduct commerce with gold and silver. Read:
“Gold Clauses” and “Silver Clauses” in Financial Transactions. A Practical Study Concerning Their Origin and Use by Dr. Edwin Vieira, Jr.
(Edwin’s bio is at the bottom of page at the link)
Don’t let the dominant, controlled media lead you around by the nose and feed you blatant, putrid distortions about our history and the Constitution. The book below gives you historical facts and understanding. The Department of Homeland Security is not a friend of freedom and liberty. We don’t want or need it.
Constitutional “Homeland Security” Volume 1: The Nation in Arms by Dr. Edwin Vieira, Jr. — Most Americans and that includes supporters of the Second Amendment really don’t understand the full meaning of:
A well regulated militia, being necessary to the security of a free state, the right of the people to keep and bear arms, shall not be infringed.
I didn’t fully understand until I read Dr. Vieira’s scholarly works and columns. To purchase: $20 (residents of Virginia should pay $21.95 to cover sales tax), payable to: Edwin Vieira, Jr. 52 Stonegate Court, Front Royal, VA 22630
You can also listen to some of Edwin’s columns on the Second Amendment on free audio. Listen on your computer, download to your IPod or a CD. Share with everyone you know. As everyone is pressed for time (especially reading), I recorded this special CD in a studio so you can learn the truth and ignore the smears by media and clueless, cowardly politicians.
Constitutional Militia – Just the facts
The Federal Reserve System: A Fatal Parasite on the American Body Politic
William Greider, Author: Secrets of the Temple — Testimony, House Banking Committee, October 7, 1993
The Biggest Bank Robbery In History? More Quantitative Easing = Backdoor Bailouts For The Big Banks Without Having To Go Through Congress
The U.S. Federal Reserve is getting ready to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term “bailout” and the American people are going to get a lot less upset about it. You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks.
So this time, the financial “powers that be” have figured out a way around that. Instead of going through the massive headache of dealing with the U.S. Congress, the Federal Reserve is simply going to print money and give it directly to the banks. To be more precise, the Federal Reserve is going to use a procedure known as “quantitative easing” to print money out of thin air in order to purchase large quantities of “troubled assets” such as mortgage-backed securities from the biggest U.S. banks at well above market price. Some are already openly wondering if this next round of quantitative easing is going to be the biggest bank robbery in history. Most Americans won’t understand these “backdoor bailouts” well enough to get upset about them, but that doesn’t mean that they won’t be just as bad or even worse than the last round of bailouts. In the end, all of the inflation that this new round of quantitative easing is going to cause is going to be a “hidden tax” on all of us.These new backdoor bailouts are going to work something like this….
Shut Down the Fedby Ambrose Evans-PritchardRecently by Ambrose Evans-Pritchard: IMF Fears ‘Social Explosion’ From World Jobs Crisis I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America.We now learn from last week’s minutes that the Fed is willing “to provide additional accommodation if needed to … return inflation, over time, to levels consistent with its mandate.”NO, NO, NO, this cannot possibly be true.Ben Bernanke has not only refused to abandon his idee fixe of an “inflation target”, a key cause of the global central banking catastrophe of the last twenty years because it can and did allow asset booms to run amok, and let credit levels reach dangerous extremes.Worse still, he seems determined to print trillions of emergency stimulus without commensurate emergency justification to test his Princeton theories, which by the way are as old as the hills. Keynes ridiculed the “tyranny of the general price level” in the early 1930s, and quite rightly so. Bernanke is reviving a doctrine that was already shown to be bunk eighty years ago.So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along.
The Fed is indeed out of control.The sophisticates at banking conferences in London, Frankfurt, and New York who aplogized for this primitive monetary creationsim – as I did – are the ones who lost the plot.
Federal Jurisdiction Brief – keep in mind bills like S. 510
Getting Serious About Getting Out of the UN — covered on my radio show last week
Paul Craig Roberts
Prison Planet.comWednesday, September 1, 2010
Have economists made themselves irrelevant? If you have any doubts, have a look at the current issue of the magazine, International Economy, a slick endorsed by former Federal Reserve chairmen Paul Volcker and Alan Greenspan, by Jean-Claude Trichet, president of the European Central Bank, by former Secretary of State George Shultz, and by the New York Times and Washington Post, both of which declare the magazine to be “ahead of the curve.”The main feature of the current issue is “The Great Stimulus Debate” [PDF] Is the Obama fiscal stimulus helping the economy or hindering it?