Monday, January 20, 2014 19:11
(Before It\’s News)
China to Purchase the Federal Reserve
January 16, 2014 Leave a comment
The U.S. Government Defaulted in October, 2013.
In essence, China has been slowly buying up the Federal Reserve for some time now. If you can call it a purchase. Its more of a negotiation over assuming the liabilities of both the Federal Reserve and the U.S. Treasury.
How Stupid Are Consumers Supposed To Be? More Media Collusion With Banksters: Media Claims Banks May Charge Depositors Fees–They Are Already Doing It photo and videos | Banksters
(Before It\’s News)
by Monica Davis
Here they go again. Banksters using the nedia to confuse us.
Banks could take the extraordinary step of charging fees for deposits if the Fed decides to cut a key interest rate. While consumers likely would not get charged, some businesses could be hit. MOREHERE
‘Starting to Turn on Obama’: Rush Limbaugh Sees ‘Tectonic Shift in Reporting’ by Media on This One Issue | TheBlaze.com
“You know, folks, even the drive-by media is starting to turn on Obama on the economy,” Limbaugh explained. “The economic news, the unemployment news, it went down 7.3 from seven-point whatever it was, but the media knows that that’s not because jobs are being created.”
Fortune ^ | 08/11/2013 | By Stephen Gandel
Posted on Sunday, August 11, 2013 10:50:01 AM by SeekAndFind
Ron Paul, the famously libertarian politician and former presidential candidate, has his own choice for the next chair of the Federal Reserve, and it isn’t Summers or Yellen. Paul’s pick for the next Fed head: No one.
Here’s what Paul had to say via a spokesperson:
The Curiousness of Calvinist Libertarianism and Gary North….. Re Conspiracy/Coup d’Etat In Philadelphia!… | Power corrupts in proportion to its disequilibria
The Curiousness of Calvinist Libertarianism and Gary NorthApril 3, 2012 at 11:57 am | Posted in Anarchism, Decentralism, Political theory, Religion | Leave a commentThe Curiousness of Calvinist Libertarianism and Gary Northby Lysander’s Ghost“
There is no neutrality. One’s presuppositions about the nature of God, man, law, causation, and time shape one’s interpretation of all facts. There is no brute factuality, as Cornelius Van Til insisted; there is only interpreted factuality.” Gary North, Conspiracy in Philadelphia, p. 7Gary North has contributed an enormous volume of printed work that has been part of the libertarian movement or at least an interesting cross traveler for several decades.
Most visible are his 700+ articles at LewRockwell.com, probably all of which are supportive of, or at the least, not inconsistent with radical libertarian anarchism.
This article exists precisely because Gary North is often very insightful. Some of his excellent writings include critical analyses of the Federal Reserve, his arguments for a lifestyle of thrift, advice on market timing, support for home schooling and the Robinson Curriculum, the PhD glut and minimizing college costs, explaining the methods governments influence the price of gold, and highlighting Deuteronomy 20:5-8 as a religious argument not only against a military draft, but against all modern enlistment contracts as well.
Washington Times ^ | 3/27/13 | Jessica Chasmar
Posted on Thursday, March 28, 2013 1:51:11 AM by Nachum
billion in gold reserves back from the Federal Reserve. State Rep. Giovanni Capriglione is sponsoring a bill that would establish the Texas Bullion Depository, a state-based bank to house the gold bars owned by the University of Texas Investment Management Company,
The Texas Tribune reports. Mr. Capriglione told the Texas Tribune that the measure is “not about putting Texas on its own gold standard, [but instead will] give the state a reputation as being more financially secure in the event
http://www.marketoracle.co.uk/Article38835.html ^ | Dr Ron Paul
Posted on Monday, February 04, 2013 11:38:04 PM by blam
Ron Paul Warns Immigration ‘Reform’ Will Turn The US Into A Police State
Politics / US Politics
February 05, 2013 – 03:31 AM GMT
By: Dr Ron Paul
Whenever the federal government decides to reform something we can be fairly sure that the problem is about to get worse, especially if they call the plan bi-partisan. The bi-partisan immigration reform proposal launched last week in the US Senate will be no different.
The new plan, introduced by Sens. McCain and Schumer, would provide a path to citizenship for many of those in the United States illegally. This would only begin after the borders are deemed secure and applicants have paid fees for their illegal entry. They must also pay back taxes on their earnings while working here without government permission. Those on a path to citizenship would be subject to background checks and would be monitored while in the US.
What if there was a financial system that would eliminate the need for the federal government to go into debt, that would eliminate the need for the Federal Reserve, that would end the practice of fractional reserve bankingand that would dethrone the big banks?
Would you be in favor of such a system? A surprising new IMF research paper entitled “The Chicago PlanRevisited” by Jaromir Benes and Michael Kumhof is making waves in economic circles all over the globe. The paper suggests that the world would be much better off if we adopted a system where the banks did not create our money. So instead of a system where more money is only created when more debt is created, we would have a system of debt-free money that is created directly by national governments.
For much of the interview, he was highly critical of President Obama and his policies. This is not a new position. Wynn has gone after Obama in his company’s earnings conference calls.
…..This vid contains one of the most awesome, inspiring and truthful speeches ever given by a president. This very speech must have caused a lot of panic among the higher echelons of the elite. Kennedy had been in office for only 3 months and he was already taking unprecedented steps to empower ordinary people.
Kennedy did more for civil rights than any other president since Abraham Lincoln. Kennedy was a big supporter of the constitution, he was against the tyranny of big government. He wanted to withdraw US troops from Vietnam.
Too few Americansare prepared for what’s coming our way. We are facing a grave crisis that will have a dramatic effect on every American citizen, our national security and our very way of life. It is the asymmetrical warfare of financial terrorism, and the U.S. politicians, the central bankers, the global leaders are the terrorists. Sound harsh? Absolutely.
Frightening? Although a healthy dose of fear is indeed warranted, it should not paralyze you, but compel you to act. Preparation is an effective antidote for fear.
The modern-day, limited-government movement has been co-opted. The conservatives have failed in their effort to shrink the size of government. There has not been, nor will there soon be,
a conservative revolution in Washington. Political party control of the federal government has changed, but the inexorable growth in the size and scope of government has continued unabated. The liberal arguments for limited government in personal affairs and foreign military adventurism were never seriously considered as part of this revolution.
Alex talks with former Wall Street stockbroker and filmmaker Max Keiser about the continuing implosion of the economy as the euro crisis plagues global economies, cuts factory and productive output, stimulates endemic joblessness, and the Federal Reserve warns the economy may be stuck in permanent slow growth.
Prison Planet.com » The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It
On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill with such overwhelming support would easily become law.
But it won’t, because Barack Obama and the Democrats plan to kill it. Senate Majority Leader Harry Reidhas already said that the Senate will not even consider the bill. But of course if Barack Obama called Harry Reid and told him that he wants this bill to get through the Senate so that he could sign it then Harry Reid would be singing a much different tune.
Sadly, we all know that is not going to happen. Barack Obama’s good buddy Ben Bernanke called the Audit the Fed bill a “nightmare scenario” last week, and Obama is certainly not going to do anything to upset Bernanke – especially this close to the election. Obama needs Bernanke to do everything that he possibly can to stimulate the economy so that Obama will look as good as possible in November. The sad truth is that there is absolutely no chance that the Audit the Fed bill will become law and that is a crying shame.
So why is an audit of the Federal Reserve so important?
Why does Federal Reserve Chairman Ben Bernanke consider an audit of the Federal Reserve to be a “nightmare scenario” that must be avoided at all costs?
It cleared a suspension of House ruled requiring a two-thirds vote. The final vote was 327 to 98 and all but one Republican and 89 Democrats voted yes. The bill had more than 274 cosponsors and faced strong opposition by Democrats and the Federal Reserve.
Will Paul’s bill to audit “high exalted priesthood” Federal Reserve pass today?
Ron Pauls Political Legacy Will Be Decided TODAY auditthefed1Wednesday the 25th of July is the day that libertarian Congressman Ron Paul’s political legacy will be written, as the House votes on his bill to audit the Federal Reserve.
In order to pass, the Federal Reserve Transparency Act, H.R. 459, needs two-thirds of the House to vote in favor. That equates to around 292 votes.
Last month, a bipartisan vote in the House Oversight Committee was almost completely unanimous in approving the bill, advancing it to the House floor.
Full vote on transparency bill next month?
Ever since the “ratification” of the 16th amendment and the creation of the “Federal Reserve note,” nothing that you purchase is truly yours.
(Editor’s Note: I can’t confirm this shocking information but provide it for discussion.)
Most people believe that when they buy something that they are the real owner of it. However, when you understand the truth about maritime law, you will clearly see how this is nothing more than a fraud.
GOP leadership in the House of Representatives announced that legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July.
Honest-money advocates and pro-transparency activists celebrated the news as a historic opportunity to rein in the central bank, which has come under heavy fire — especially in recent years — for debasing the U.S. dollar, manipulating markets, and showering big banks with trillions in bailouts.
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.”
Prison Planet.com » Inflation Is A Tax And The Federal Reserve Is Taxing The Living Daylights Out Of Us
Inflation is an especially insidious tax because it is not just a tax on your income for one year. It is a continual tax on every single dollar that you own. As your money sits in the bank, it is constantly losing value.
Over time, the effects of inflation can be absolutely devastating. For example, if you put 100 dollars in the bank in 1970, those same dollars today would only have about 17 percent of the purchasing power that they did back then. In essence, you were hit by an 83 percent “inflation tax” and all you did was leave your money in the bank. So who is responsible for this?
Well, the Federal Reserve controls monetary policy in the United States, and the inflationary monetary policy that the Fed has gotten all of us accustomed to is taxing the living daylights out of us. This is madness, and it needs to stop.
In previous articles I have discussed how the Federal Reserve creates money. If you have not read those articles yet, you can find a few of them here, hereand here.
The Federal Reserve system is designed to have the U.S. money supply expand indefinitely.
Tense stand off as Congressman notes Fed is destroying dollar purchasing power
Steve WatsonPrisonplanet.comFebruary 29, 2012
GOP presidential candidate Ron paul took a break from campaigning today and diverted his attention back to his role on the House Financial Services Committee with the semiannual visit of Federal Reserve chairman Ben Bernanke.In a scathing opening statement, Paul went on the offensive against the Fed:“What we are witnessing today is the end stages of a grand experiment,” Paul said, adding that the Fed’s control over the nation’s money supply has directly caused economic bubbles and all but destroyed the purchasing power of the dollar.
Noting that the Fed will soon end because it is facilitating too much debt, the Congressman added “I’m anxiously waiting for this day… Reform has to come.
”Turning his attention to Bernanke, Paul asked the Fed chairman whether he did his own grocery shopping. A somewhat bemused Bernanke replied in the affirmative, to which Paul hit back “OK. So you’re aware of the prices,” before commenting on government denial of real levels of inflation.“This argument of prices going up two percent, nobody believes it.” Paul said. “The old CPI says prices are going up at nine percent.” A d v e r t i s e m e n t“People on fixed incomes, they are really hurting.
The middle class is really hurting. Because their inflation rate is very much higher than the government tries to tell them, and that’s why they lose trust in government.”“You say inflation is about 2%, I say 9%, let’s just call it 5%,” Paul told Bernanke. “That inflation is taking money away from the people….Someone is stealing wealth and this is very upsetting”The Congressman then pulled out a silver eagle, explaining that it has retained it’s real worth and that hard assets should be used as currency as outlined in the Constitution.Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons.
Not only was Obama’s appointment of Richard Cordray to the misnamed Consumer Financial Protection Bureau CFPB unconstitutional, but the newly minted federal leviathan itself is in direct violation of Constitution, specifically the Tenth Amendment.In January, Obama thumbed his nose at Article 2, Section 2 of the Constitution. It states that the president “shall nominate, and by and with the Advice and Consent of the Senate, shall appoint” officers to the government.But as Ron Paul notes in the above video, the new agency – founded under the Federal Reserve dominated Dodd-Frank Wall Street Reform and Consumer Protection Act – is itself an unconstitutional monster that will further degrade the financial health of the country.Cordray will act as a czar answerable not to the American people, but his masters at the Federal Reserve. Like an EU or Soviet era committee, the CFPB will be run by unelected commissars who will exercise extraordinary power.
The agency is part of the Federal Reserve and its budget is not subject to congressional control or oversight.On January 4, the agency began to regulate nonbank services, including debt collection, consumer reporting, prepaid cards, debt relief services, consumer credit and money transmitting, check cashing, and related activities. It claims the authority to supervise any nonbank that it decides may pose a “risk” to consumers or engages in “unfair, deceptive, or abusive” practices.In other words, the CFPB will micromanage a large sector of the economy and punish supposed violators not based on law, but rather supposition of harm and political priorities.The CFPB is another bankster scam protected under the cloak of the Federal Reserve. The financial crisis did not result from lack of regulation over consumer financial products and services.
The CFPB is simply another power grab by the bankster cartel masquerading as consumer protection.Not surprisingly, the establishment media has completely ignored this story. It is their job to make sure you don’t find out what the CFPB is all about and demand it be stopped immediately.If the government really wanted to protect consumers, it would dismantle the Federal Reserve system, reintroduce honest money and break up the criminal bankster cartel.
Introduction: Larken Rose is an outspoken, nationally known proponent of individual liberty, self-ownership and a voluntary society. He lives with his wife and daughter in eastern Pennsylvania and is the author of several books, include The Iron Web and How to be a Successful Tyrant, (The Megalomaniac Manifesto). After spending a year in prison as a result of his beliefs about the US income tax, he just completed another book, The Most Dangerous Superstition. Visit his website for more info (Larkenrose.com).
Daily Bell: Thanks for sitting down with us!
Larken Rose: Thanks for having me.
Daily Bell: Give us some background on yourself.
Larken Rose: Well, I was raised in a conservative, Republican, Christian setting, not just home but the whole town I grew up in. I grew up thinking the Constitution was great, America was great, and that we are free, and everyone else isn’t. Where I was raised, it was popular and easy to see the flawed thinking in what the leftist statists wanted, and to bash the silly, stupid, collectivist ideas that socialists were advocating. But it wasn’t until years later that I began to see that left-wing statism and right-wing statism are two slightly different flavors of the same gigantic lie.
Over the years, by way of reading things and having discussions and arguments about politics, I went from being Constitutionalist to libertarian, and finally to recognizing the belief in government as not just a bad idea but an insane, self-contradictory superstition, start to finish.
My wife and I sort of made the intellectual journey at the same time, talking about stuff, dragging each other further away from statism and toward freedom. Without giving my whole life story here, we got married in 1992, and had a daughter five years later. We took turns being political prisoners in 2006 and 2007 − me for a year, my wife Tessa for a month. Now we’re pretty much full-time enemies of the state, raising our daughter to hopefully be a sane, moral human being while we try to recover from what the parasite class did to us, and try to help other people escape the authoritarian cult indoctrination that almost everyone we know was put through.
I have posted a video of something I thought I would never see: all five of the Republican candidates for the U.S. Senate verbally demanding an audit of the Federal Reserve System. You can see it here.
Bernanke is facing what no Federal Reserve chairman has ever faced: public awareness of the Federal Reserve System. From late December 1913, when an almost deserted Senate voted for the Federal Reserve Act, until 2008, when the recession confirmed Ron Paul‘s warning in late 2007, there was almost no public awareness or even a vague understanding of the Federal Reserve System. The genie is now out of the bottle, where it had been corked since 1913. Ron Paul has uncorked it.
From the November 1910 secret meeting at Georgia’s Jekyll Island until Ron Paul’s 2007 candidacy for the Republican nomination for President, The Federal Reserve had received a free ride from Congress. There had never been much oversight. That’s because FED regulation was an oversight. (The same word is used to convey opposite meanings.)
In 1992, George H.W. Bush signed Executive Order 12803, which gave D.C. the authority to sell America’s infrastructure. They called this authority “Infrastructure Privatization.” E.O. 12803 tells us this power cleared the way for the “disposition or transfer of an infrastructure “asset” such as by sale or by long-term lease from a State or local government to a private party.”
E.O. 12803 also lists examples of America’s saleable and/or lease-able infrastructure:
• Electricity supply facilities
• Mass transit
• Rail transportation
• Recycling/wastewater treatment facilities
• Solid waste disposal facilities
E.O. 12803 tells us that this list represents infrastructure “examples.” Let us, therefore, assume that this is not the complete list of America’s saleable infrastructure. However, this list is a stunning confession.
Notice that all items listed in 12803 are the very same infrastructure items listed in all Martial Law Executive Orders (see here). Martial Law kicks in to power during declared states of emergency and with the single signature of the president. Strangely (and ignorantly), we currently have multiple declared states of emergency:
The Thinly-Veiled Fed Bailout Of Europe
TBI ^ | 12-30-2011 | Phil’s Stock World
Posted on Friday, December 30, 2011 7:14:43 AM by blam
The Thinly-Veiled Fed Bailout Of Europe
Phil’s Stock World
Dec. 30, 2011, 5:45 AM
However, the “borrowing” is not called “borrowing.” It’s called a “temporary U.S. dollar liquidity swap arrangement.” Yet it is really borrowing because it’s going massively in one direction for the purpose of giving the ECB Dollars to lend to European banks, so the ECB can avoid lending more Euros. The ECB doesn’t want to tarnish its “inflation fighting” reputation and further devalue the Euro. Instead, the Fed is taking billions of Euros as collateral for the Dollar swap.
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.
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
GAO report ^ | 11-30-2011 | edcoil
Posted on Wednesday, November 30, 2011 3:53:25 PM by edcoil
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out.
Wednesday, November 30, 2011
Congressman Dennis Kucinich (D-OH), a longtime advocate for reform of the Federal Reserve, is sharply criticizing the Federal Reserve today after Bloomberg news reported that the Federal Reserve secretly committed nearly $8 trillion in support to American and international financial institutions during the 2008 bailout. Kucinich recorded a video for his website before going to the floor of the House of Representatives to call upon Congress to reclaim its Constitution primacy over monetary policy.
Does the government work for us or do we work for the government? Why do we let the government dupe us? Tonight, there is danger when the government is wrong.
Whether it is the Department of Labor, the Congressional Budget Office, the Treasury Department, or even the Federal Reserve, the feds are fixated on statistics and they use statistics to make things appear to be better than they are, and to manipulate our thinking.
The criminal private Federal Reserve System is afraid of the video below that shows the naked truth about the evil nature of America’s central bank.
The Federal Reserve is not a legitimate government institution. It is a private banking cartel and a criminal organization that is acting against the interests of the American people and the American economy.
Since its founding in 1913, the Federal Reserve has been a blood-sucking leech on the American economy, the American nation and the American people.
The Federal Reserve must be abolished, and its directors must be brought to justice for their crimes against America and humanity.
Head of Security at San Antonio Fed Admits Institution is Private
A d v e r t i s e m e n t
This is an attack on free speech and an attack on America by the Federal Reserve traitors. These evil bastards want a fight, and they will get one.
People can’t back down in the face of this aggression by the treasonous banksters and their treasonous agents. They are the enemies of the American people, freedom, and mankind.
whose San Antonio branch has filed a privacy violation with You Tube demanding the removal of a video filmed at the location during an “occupy” rally. Alex tells them cease and desist this action, which violates the First Amendment.
Federal Reserve branches across the country have a long history of trying to stifle free speech and press coverage, from fraudulently claiming that filming its buildings is illegal to threatening arrest and more…..
Conservatives and Liberals Agree: End the Malignant, Symbiotic Relationship Between Big Government and Big Corporations
The Issue that Unites Conservatives and Liberals
While many pretend that liberals and conservatives are too far apart to work together, there are actuallymany issues on which everyone can agree.
For example, both liberals and conservatives hate the malignant, symbiotic relationship between big government and big corporations:
Conservatives tend to view big government with suspicion, and think that government should be held accountable and reined in.
Liberals tend to view big corporations with suspicion, and think that they should be held accountable and reined in.
Conservatives hate big unfettered government and liberals hate big unchecked corporations, so both hate legislation which encourages the federal government to reward big corporations at the expense of small businesses.
Most Americans – whether they are conservative or liberal – are disgusted that virtually all of the politicians are bought and paid for. No wonder people of all stripes have lost all trust in our government.
And everyone hates government-enabled fraud. The big banks, of course, committed massive fraud. Butthe auditors, rating agencies and regulators also all committed fraud, which helped blow the bubble and sowed the seeds of the inevitable crash.
Both liberals and conservatives are angry that the feds are propping up the giant banks – while letting small banks fail by the hundreds – even though that is horrible for the economy and Main Street.
The Dodd-Frank financial legislation wasn’t a compromise where things landed somewhere in the middle between liberal and conservatives ideas. Instead, it enshrines big government propping up the big banks … more or less permanently.
Many liberals and conservatives look at the government’s approach to the financial crisis as socialism for the rich and free market capitalism for the little guy. No wonder both liberals and conservatives hate it.
And it’s not just the big banks. Americans are angry that the federal government under both Bush and Obama have handed giant defense contractors like Blackwater and Halliburton no-bid contracts. [And Solyndra and other solar companies]. They are mad that – instead of cracking down on BP – the government has acted like BP’s p.r. spokesman-in-chief and sugar daddy.
They are peeved that companies like Monsanto are able to sell genetically modified foods without any disclosure, and that small farmers are getting sued when Monsanto crops drift onto their fields.
They are mad that Obama promised “change” – i.e. standing up to Wall Street and the other powers-that-be – but is just delivering more of the same.
They are furious that there is no separation between government and a handful of favored giant corporations. [Indeed, Ben Bernanke has handed out more presents than Santa Claus to McDonald's Harley-Davidson, hedge funds and others.] In other words, Americans are angry that we’ve gone from capitalism to oligarchy.
As I noted Sunday:
The corrupt, giant banks would never have gotten so big and powerful on their own. In a free market, the leaner banks with sounder business models would be growing, while the giants who made reckless speculative gambles would have gone bust. See this, this andthis.
A d v e r t i s e m e n t
It is the Federal Reserve, Treasury and Congress who have repeatedly bailed out the big banks, ensured they make money at taxpayer expense, exempted them from standard accounting practices and the criminal and fraud laws which govern the little guy,encouraged insane amounts of leverage, and enabled the too big to fail banks – through “moral hazard” – to become even more reckless.
Indeed, the government made them big in the first place. As I noted in 2009:
As MIT economics professor and former IMF chief economist Simon Johnson points out today, the official White House position is that:
(1) The government created the mega-giants, and they are not the product of free market competition
(3) Giant banks are good for the economy
And given that the 12 Federal Reserve banks are private – see this, this, this and this- the giant banks have a huge amount of influence on what the Fed does. Indeed, the money-center banks in New York control the New York Fed, the most powerful Fed bank. Indeed, Jamie Dimon – the head of JP Morgan Chase – is a Director of the New York Fed.
Any attempt by the left to say that the free market is all bad and the government is all good is naive and counter-productive.
And any attempt by the right to say that we should leave the giant banks alone because that’s the free market are wrong.
The [corrupt, captured government "regulators"] and the giant banks are part of a single malignant, symbiotic relationship.
Indeed, while most Americans are in favor of free market capitalism, we don’t have capitalism at the moment. Instead, we have socialism, fascism or crony capitalism, where the government allows a handful of companies to succeed by propping them up, covering up their fraud and handing them guaranteed profts … but allows everyone else to struggle.
We have a problem when our supposed populist non politician front runner is a former Federal Reserve chairman. Herman Cain does have experience in the private sector, but a good portion of that private sector experience is working for the private corporation-The Federal Reserve.
Herman Cain believes that individual citizens can just call up the private corporation known as The Federal Reserve and ask them how they operate?
Who does he think we are? You cannot even step foot on the property of the Private Reserve. You can call the human relations department at the Federal Reserve and they will ignore your request.
Herman Cain says no need to audit The Federal Reserve.
Its not even a leading charge by just Ron Paul any longer.
The tide has turned, when even Gingrich sees the problem with The Federal Reserve.
Herman Cain is part of the problem. Herman Cain is damaged goods. He is an attractive candidate, but he is not the candidate that will turn this country around.
We need to understand that our monetary policy has been hijacked since 1913.
(Excerpt) Read more at uniteandstate.com …
Before the US House of Representatives, Committee on Financial Services, Hearing to Receive the Annual Testimony of the Secretary of the Treasury on the Annual Report of the Financial Stability Oversight Council, October 6, 2011
Mr. Chairman, I thank you for holding this hearing with Secretary Geithner to receive the annual report of the Financial Stability Oversight Council (FSOC). FSOC has been given a mandate to identify threats to the American financial system. With all the major financial regulators as members of FSOC, this new organization is like the Plunge Protection Team on steroids, and there is no telling what kind of damage FSOC will end up doing to financial markets.
While our domestic economy continues to suffer as a result of the Federal Reserve’s intervention into credit markets, the euro increasingly looks likely to collapse. Here too the federal government has intervened, with the Federal Reserve promising unlimited dollar liquidity support to European central banks, and Secretary Geithner traveling to Europe to castigate the Europeans for moving “too slowly” in addressing their financial crisis. Whether or not the euro’s collapse leads to the introduction of a new international monetary regime remains an open question. There is also the newly revived issue of China’s currency, in which it appears that Congress may attempt to punish China for the alleged artificial weakness of its currency. The irony of Congress dictating monetary policy to the People’s Bank of China when they would not even dare audit, let alone dictate, the Federal Reserve’s monetary policy seems to be lost on the neo-mercantilist supporters of the China currency bill.
“Would it be much of a problem if we were doing this every year?”
October 5, 2011
Texas Congressman and 2012 presidential candidate Ron Paul held hearings Tuesday into a recent and rare one off audit of the Federal Reserve’s crisis-response emergency lending programs of 2008.
In his role as chairman of the Domestic Monetary Policy subcommittee, Paul relished the glimmer of transparency that was afforded as part of the Dodd-Frank Act, signed into law last year.
“More people now are starting to realize that the Fed isn’t independent of political independence because indirectly and some times more directly it is involved in political decisions or at least private decisions to serve some political interest.” Paul told those gathered at the hearing.
Along with Paul, Republicans in attendance argued that the audit should pave the way for regular reviews of the Fed’s policies, as well as more complete disclosure of exactly who has received upwards of $27 trillion in bail out funds since 2008.
“Would it be much of a problem if we were doing this every year?” Paul asked.
Robert Auerbach, Professor of Public Affairs at the University of Texas, backed Paul up by putting the case that regular and ongoing audits would not affect the Fed’s independence in any major way.
“The Fed’s mythical flag of independence from politics, a favorite Fed mantra to avoid individual responsibility, is merely a shield intended to protect the institution from being forced to act in a more transparent fashion,” Auerbach testified.
Rep. Blaine Luetkemeyer, Republican of Missouri, expressed concern that although the GAO’s audit authority is now expired, some banks and firms that “borrowed” from the Fed, and by extension the American taxpaying public, as part of the Bear Sterns and AIG relief packages, have yet to pay back the funds.
Luetkemeyer also noted that the one time GAO audit was extremely limited in its scope.
Nevertheless, the GAO’s report found several instances of conflicts of interest and questionable practices involving Fed officials.
It was also revealed that the Fed made $16.1 trillion in secret loans to Wall Street firms at the height of the crisis.
The full hearing, beginning with Ron Paul’s opening statement, can be viewed below:
Congressman Ron Paul also appeared on Freedom Watch yesterday to discuss the economic situation, urging that politicians in Washington are “not offering a prescription”.
A d v e r t i s e m e n t
“We have too much spending and too much debt, so they’re trying to solve the problem with more debt. There’s not a chance that we can get out of the recession this way.” Paul told host Judge Andrew Napolitano.
“The people here don’t want to change because they have been conditioned by Keynesian economics. Where I’m encouraged is that people outside this place are getting the message. The answers are well known but how do you translate this new message that we have of free markets and the constitution, and get the people that are managing the affairs now out of office?” the Congressman stated.
Paul added that as president he would implement some immediate measures that would cut the deficit and reduce spending in a meaningful way.
“Immediately you could bring all our troops home and have them spend money here at home, that would give us some reprieve. We could change our foreign policy and indicate to the world that we are going to get our budget under control.” Paul said.
“We could remove taxation on all the money that is held overseas by our corporations and not double tax them. We could remove the interest paid by the Federal Reserve to the banks. The banks won’t invest their money because it’s too risky, but the Federal Reserve gives them their money, essentially, for free, and then they invest it back into Treasury bills, so they help monetize the debt too.”
“Those are a few things, but sending a signal will be most important, ‘we’re going to quit this spending’. Right now I’m working on a plan where in one year I want to cut a trillion dollars.” Paul revealed.
“The appetite for big government is the problem. The taxes and the Federal Reserve inflating, that is the symptom, and the budget problem is a symptom of the appetite for big government.” Paul continued.
“Too often the leadership is only in the business of preserving power… It’s a shame that despite all this arguing and bickering going on between the two parties, there is no difference. Regardless of which party it is they still don’t change the definition of entitlements, they don’t change the foreign policy and they don’t go after the Fed.”
Watch the interview:
Steve Watson is the London based writer and editor for Alex Jones’ Infowars.net, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham in England.
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Forbes, long dubbed “the Capitalist Tool,” has re-posted a blog entry that first appeared at Mobiledia noting the Federal Reserve’s plan to surveil those of us who inveigh against the bankster cartel’s monetary warfare against humanity.
Corporate Media Broadcasts Fed Plan to Surveil Opposition IMG 0301
Forbes is not merely reposting an interesting tidbit of news. It is broadcasting to a larger audience the seemingly impossible plan to “monitor billions of conversations on social media, generate text analytics, and also determine the sentiment of a speaker or writer with respect to some topic or document,” in other words, engage in intelligence work in addition to whipsawing the monetary pile.
The Fed’s Orwellian sounding “Communications Group” is “tasked with proactively keeping the agency aware of the reactions and opinions of the public, as expressed in Facebook, Twitter, YouTube, blogs, and aggregate data from media outlets like the Wall Street Journal and CNN.”
The “agency” plans to monitor “reactions and opinions of the public” in real-time so it can get the jump on a growing movement dedicated to dismantling the cartel and returning the nation to honest money. The Federal Reserve Bank of New York, where the Treasury recruits its directors, has published its “Sentiment Analysis And Social Media Monitoring Solution Request for Proposal” on Scribd.
Darlene Storm, writing for Computerworld, breaks the bid down.
The Federal Reserve’s “Sentiment Analysis And Social Media Monitoring Solution Request for Proposal”was posted on Scribd. The solution to “continuously monitor conversations”must be able to “gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube.” It must also “provide real-time monitoring of relevant conversations” and “aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.” It should “provide sentiment analysis (positive, negative or neutral) around key conversational topics” as well as “handle crisis situations.” And after the sentiment is determined, “the solution should provide an alerting mechanism that automatically sends out reports or notifications based a predefined trigger.” It is also supposed to “identify and reach out to key bloggers and influencers” while monitoring billions of conversations.
As we noted several days ago, the Fed plan is not about keeping abreast of what bloggers and commenters at CNN have to say about its activity. Rather it is about intimidating the opposition with the sort of tactics the secret police in East Germany used against enemies of the state.
* A d v e r t i s e m e n t
“The announcement that the Fed is monitoring dissent and attempting to identify individual bloggers is little more than an intimidation tactic designed to chill anti-Fed rhetoric and make people think twice before they criticize the private, run for profit entity that poses as a part of the government yet is no more federal than Federal Express,” Paul Joseph Watson wrote on September 26.
In 2009, it was discovered that the cartel of private banksters work with the military to monitor those of us who dare oppose them. “The United States Army Reserve Command is publishing this Force Protection Advisory to advise all Army Reserve personnel of the planned protests at all Federal Reserve Banks and office locations within the United States on 22 November 2008,” a document released by the Liberty Restoration Project stated. “This message provides situational awareness and recommended mitigation measures.”
The Army closely surveilled a November 22, 2008, demonstration at an End the Fed rally outside of the Federal Reserve compound in Dallas. Alex Jones and the brother of Ron Paul attended the rally.
The Liberty Restoration documents revealed “how the Pentagon and the Army Reserve are protecting the Federal Reserve against End the Fed and other organizations engaged in constitutionally protected protest against a cartel of international bankers posing as a department of the federal government,” we wrote at the time.
Forbes has brought the report posted by Mobiledia to a larger audience. In order for a secret police to effectively perform their job, target groups must be imbued with the appropriate degree of fear and suspicion. Forbes has done its part to get out the message – opponents of the privately owned bankster “agency” are now on the radar screen continuously and in real-time.
Just as the Barack Obama campaign for the 2012 presidential race was launching its AttackWatch website to monitor what people say, a quasi-governmental agency with vast control over the nation’s economy revealed that it is doing the same thing.
The plan by the Federal Reserve came in the form of a “Request for Proposal” from the organization that dictates interest rates and other key parts of the U.S. economy, asking for contractors who could “continuously monitor conversations” as well as “reach out” to key “influencers.”
“The Federal Reserve Bank of New York wants you to friend it – or at least it wants to understand why you won’t friend it,” commented the Money & Company Los Angeles Times blog.
“Two weeks ago, the media’s heart went aflutter when it learned that the president had borrowed a page right out of ole’ Joe McCarthy‘s communist witch hunt book with the launch of AttackWatch,” Durden continued. “The response by everyone, even fans of Obama, was immediate and brutal. Yet where Obama took about 24 hours to crash and burn, someone else has stepped in with a far stealthier method of ferreting out the traitors amongst us: none other than our old friends, the Federal Reserve Bank of the United States.”
The site posted a copy of the RFP document, which explained, “Social media platforms are changing the way organizations are communicating to the public Conversations are happening all the time and everywhere. There is need for the Communications Group to be timely and proactively aware of the reactions and opinions expressed by the general public as it relates to the Federal Reserve and its actions on a variety of subjects.”
(Story continues below)
“I get the same stupid question at almost every one of these events,” Cain writes in a forthcoming book “This is Herman Cain,” to be released in early October.
According to the Daily Caller, which has obtained an advance copy of the book, Cain claims that Paul’s supporters are “threatened by me” and are “trying to destroy me on the fact that I was once affiliated with” the Federal Reserve.
Cain even has his own conspiracy theory that Paul’s campaign is deliberately sending people out to Cain events to attempt to discredit him:
“I know it’s a deliberate strategy.” Cain writes, “How can a person randomly show up at a hundred events and ask the same stupid question to try to nail me on the Federal Reserve?”
Is Cain serious? Clearly he has no concept of the determination and reach of Ron Paul’s grassroots support base. Paulites are focused and unwavering, just as their chosen candidate has been for thirty plus years.
Ron Paul has warned his supporters for three decades and more about the dangerous of a fraudulent fractional reserve banking system in the hands of private central bankers, and no one can legitimately argue any longer that those concerns have not been justified. Why is it so hard for Cain to accept that every Ron Paul supporter would share the same concerns?
Paul’s supporters have argued that Cain is not serious about reigning in the power of the Federal Reserve over US monetary policy, pointing to the fact that he was chairman of the Federal Reserve Bank of Kansas City in 1995 and 1996.
While Ron Paul has continually pushed to audit the Fed, Cain seemingly does not believe an audit is necessary:
“I have said: ‘I don’t think you’re going to find anything to audit on the Federal Reserve.’” Cain writes. “But they (Ron Paul supporters) want you to believe that Herman Cain doesn’t want the Federal Reserve to be audited.”
“It’s really becoming annoying more than anything else.” Cain states.
* A d v e r t i s e m e n t
Polls have consistently revealed that at least 75% of the American people want a full audit of the Fed, and the majority were against reconfirming Bernanke.
Bloomberg noted last December:
A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows.
Americans across the political spectrum say the Fed shouldn’t retain its current structure of independence. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo.
In light of these facts, Cain seems totally out of touch with what voters core concerns are, especially libertarian leaning republican and independent voters. To describe questions over the Federal Reserve as “stupid” and “annoying” betrays a disconnect with the American people on the whole.
Furthermore, for Cain to insinuate that Ron Paul’s campaign is deliberately seeking to sabotage Cain’s own platform smacks of desperation and paranoia to say the least……………..
The Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs
The Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs
Sept 26, 2011
The Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs.
This is yet another sign that the alternative media is having a dramatic impact. As first reported on Zero Hedge, the Federal Reserve Bank of New York has issued a “Request for Proposal” to suppliers who may be interested in participating in the development of a “Sentiment Analysis And Social Media Monitoring Solution”.
In other words, the Federal Reserve wants to develop a highly sophisticated system that will gather everything that you and I say about the Federal Reserve on the Internet and that will analyze what our feelings about the Fed are.
Obviously, any “positive” feelings about the Fed would not be a problem. What they really want to do is to gather information on everyone that views the Federal Reserve negatively. It is unclear how they plan to use this information once they have it, but considering how many alternative media sources have been shut down lately, this is obviously a very troubling sign……
Fed Program to “Monitor Conversations” Is Intimidation Tactic ~ “US Army was monitoring protests against Federal Reserve in 2008″
Paul Joseph Watson
Monday, September 26, 2011
The blogosphere has exploded with interest over the Federal Reserve’s move to follow in the footsteps of the Obama campaign’s “Attack Watch” by monitoring and identifying its critics, but many seem to have missed the obvious intention of the announcement – it’s an intimidation tactic designed to chill dissent.
Fed Program to Monitor Conversations Is Intimidation Tactic xin 0620805060838312238356
As Zero Hedge explains, the Federal Reserve, “Is requesting the creation of a “Social Listening Platform” whose function is to “gather data from various social media outlets and news sources.” It will “monitor billions of conversations and generate text analytics based on predefined criteria.” The Fed’s desired product should be able to “determine the sentiment [ED:LOL] of a speaker or writer with respect to some topic or document”… “The solution must be able to gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.” Most importantly, the “Listening Platform” should be able to “Handle crisis situations, Continuously monitor conversations, and Identify and reach out to key bloggers and influencers.”
If the Federal Reserve was really that concerned about what people on the Internet were saying about it, then this program would have been launched several years ago, and not after a heap of vitriol has already been spewed.
The announcement that the Fed is monitoring dissent and attempting to identify individual bloggers is little more than an intimidation tactic designed to chill anti-Fed rhetoric and make people think twice before they criticize the private, run for profit entity that poses as a part of the government yet is no more federal than Federal Express.
Intimidation has been the name of the game when it comes to the Fed for years before this announcement was made.
* A d v e r t i s e m e n t
When the first “End the Fed” protests were started back in 2008, no less than the US Army itself was put on alert.
An advisory released in November 2008 by the US Army Reserve warned its personnel of the demonstrations in advance. “The United States Army Reserve Command is publishing this Force Protection Advisory to advise all Army Reserve personnel of the planned protests at all Federal Reserve Banks and office locations within the United States on 22 November 2008,” read the document. “This message provides situational awareness and recommended mitigation measures.”
On November 22, 2008, Alex Jones led a rally at the Federal Reserve Bank in Dallas Texas. The Dallas protest is specifically mentioned in the official Army document. Ron Paul’s brother was also in attendance.
The Army had already “established relationships” with local law enforcement and the FBI regarding the protests, who had then promised to keep the Army updated on developments.
This proves that the US government and the Federal Reserve were already well aware of the growing anti-Fed movement, and indeed using the Army as a bulwark against it, three years prior to the announcement of their intention to create a “Social Listening Platform” in order to monitor dissent.
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.
The Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs. This is yet another sign that the alternative media is having a dramatic impact. As first reported on Zero Hedge, the Federal Reserve Bank of New York has issued a “Request for Proposal” to suppliers who may be interested in participating in the development of a “Sentiment Analysis And Social Media Monitoring Solution”. In other words, the Federal Reserve wants to develop a highly sophisticated system that will gather everything that you and I say about the Federal Reserve on the Internet and that will analyze what our feelings about the Fed are. Obviously, any “positive” feelings about the Fed would not be a problem. What they really want to do is to gather information on everyone that views the Federal Reserve negatively. It is unclear how they plan to use this information once they have it, but considering how many alternative media sources have been shut down lately, this is obviously a very troubling sign.
You can read this “Request for Proposal” right here. Posted below are some of the key quotes from the document (in bold) with some of my own commentary in between the quotes….
(Excerpt) Read more at theeconomiccollapseblog.com …
But given the larger circumstances, Republicans’ disregard for political norms is the least of the nation’s troubles. More pressing is the fact that the leaders of a major political party appear eager, if not desperate, to prevent steps that may improve the economy. The top four GOP members of Congress, including the Speaker of the House, practically demanded yesterday that no steps be taken at all as our anemic growth stalls and the job crisis intensifies.
The “sabotage” question comes up from time to time, and this certainly won’t help. As things stand, Republican leaders, some of whom have admitted that defeating President Obama is their single highest priority, now want the Fed to sit on its hands, want to strip the American Jobs Act of its most effective measures, and want to raise middle-class taxes. Oh, and they’re threatening to shut down the government, too. These are just the positions they’ve talked up over the last week.
Voters backed Republicans in last year’s elections because they wanted to see a healthier economy. The irony is rich………………….
For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to. Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress. Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit. Does that sound preposterous? Well, such an organization actually exists. It is called the Federal Reserve, and today we found out that once again the Fed is going to be taking huge piles of your money and loaning it to commercial banks in Europe. The Congress cannot overrule this decision. Neither can Barack Obama. Because it has so much power, many refer to the Federal Reserve as “the fourth branch of government“, but unlike the other three branches of government, there are basically no significant “checks and balances” on the Federal Reserve. If you don’t like the fact that the Federal Reserve is racing in to help big foreign banks survive the European debt crisis that is just too bad. The Federal Reserve pretty much gets to do whatever it wants to do, and the folks over at the Fed simply do not care whether you like that or not.
So what in the world just happened today?…………