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VOODOO ECONOMICS: ‘The Covid-19 Dominoes Fall’, The World Is Insolvent

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Of Two Minds

– By Charles Hugh Smith

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Source – oftwominds.com

“…Everyone expecting the financial markets to magically return to January 2020 levels once the pandemic dies down is delusional. All the dominoes of crashing market valuations, crashing incomes, crashing profits and soaring defaults will take down all the fantasy-based valuations of bubblicious assets: stocks, bonds, real estate, bat guano, you name it….The global financial system has already lost $100 trillion in market value, and therefore it’s already insolvent”

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Subtract their immense debts and they have negative net worth, and therefore the market value of their stock is zero.

To understand why the financial dominoes toppled by the Covid-19 pandemic lead to global insolvency, let’s start with a household example. The point of this exercise is to distinguish between the market value of assets and net worth, which is what’s left after debts are subtracted from the market value of assets.

Let’s say the household has done very well for itself and owns assets worth $1 million: a home, a family business, 401K retirement accounts and a portfolio of stocks and other investments.

The household also has $500,000 in debts: home mortgage, auto loans, student loans and credit card balances.

The household net worth is thus $1,000,000 minus $500,000 = $500,000.

Let’s say a typical financial crisis and recession occur, and the household’s assets fall 30%. 30% of $1 million is $300,000, so the the market value of the household’s assets falls to $700,000.

Deduct the $500,000 in debts and the household’s net worth has fallen to $200,000. The point here is debts remain regardless of what happens to the market value of assets owned by the household.

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Federal Reserve to Offer $270 Billion in Loans to Wall Street Tomorrow

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By Pam Martens and Russ Martens: March 11, 2020 ~

John Williams, President of the Federal Reserve Bank of New York

John Williams, President of the Federal Reserve Bank of New York

The little people in America will have to continue to wait to hear any concrete plans for their government to provide financial relief to them for business disruptions resulting from the coronavirus. But Wall Street banks and their sprawling trading desks got the word today that the Fed’s money gusher (repo loans) that began on September 17 of last year will offer them up another $270 billion in cold hard cash at unprecedented low interest rates tomorrow.

The Fed announced that its 1-day emergency loans that it has been making each weekday will increase to as much as $175 billion a day beginning tomorrow; its 14-day loans, which will continue to be offered twice a week, will remain at the elevated amount of $45 billion; and the Fed will add three one-month loans of a whopping $50 billion each. The first one-month loan will be funneled out tomorrow, along with a cap of $45 billion in a 14-day loan and up to $175 billion in a one-day loan, bringing the one-day tally to the astounding sum of $270 billion – all without so much as a vote, or debate or even a hearing in Congress.

All of this money gusher will be dispensed by the New York Fed, the same regional Fed bank that funneled the bulk of the secret $16 trillion in aggregate emergency loans to Wall Street during the last financial crisis. (See chart below.)

For detailed background on this stealth bailout of Wall Street that has now been running without making headlines for the past six months, see our in-depth series here.

GAO Data on Emergency Lending Programs During Financial Crisis

Government Accountability Office Data on Fed’s Emergency Lending Programs During Financial Crisis

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Fed Has 10-Year Plan to Save Banks, But No Plan to Save Americans Devastated By Fallout, Admits Powell

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Is the Fed’s latest money funnel to unnamed trading houses on Wall Street part of the plan?

By Pam Martens and Russ Martens of Wall Street on Parade.

During his testimony to the Senate Banking Committee yesterday, Federal Reserve Chairman Jerome Powell let it slip out, for the first time, that the Federal Reserve has had a 10-year game plan to deal with the financial crisis. In response to a question on cyber threats from Senator Ben Sasse of Nebraska, Powell stated the following:

“They kind of pay us to be awake at night worrying about things. I would say that if you look at what happened in the financial crisis, we had a game plan there. We implemented it over the course of 10 years. I won’t say that it’s perfect or anything like that, but we have a plan that is meant to address those kinds of things.”

“Those kinds of things?” The financial crisis, fueled by corruption and lax regulation of Wall Street banks, destroyed the housing market in the U.S. and left the U.S. economy in tatters. Millions of Americans lost their jobs and their homes to foreclosure. The New York Fed was the supervisor of key Wall Street banks that caused this problem – shouldn’t it have had a 10-year game plan to prevent “Those kinds of things” instead of creating the game plan after the damage had been done?

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FEDERAL RESERVE: FOIA, AND AUDIT

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Olde Reb

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Conspiracy theorists have a history of sullying the good name of the Federal Reserve. They even attempt to get legislation passed in Congress so that an audit can be authorized. Their efforts have been unsuccessful.

The Federal Reserve banks have claimed they are privately owned institutions and not subject to FOIA requests, and support the claim with two Federal court adjudications on other issues. Those court opinions specifically identify the holdings are restricted to the issues before the court.

FOIA requests directed to the Federal Reserve system are codified at 12 CFR 261. 12 CFR § 261.3 (a) identifies the Secretary of the Board of Governors as custodian of all Federal Reserve records. 12 CFR § 261.3 (c) directs service to the Secretary of the Board. Procedures for requesting records are detailed at 12 CFR § 261.12.(b) and (c). Bloomberg media received court support for their demand for FOIA access to Federal Reserve bank information:

“So long as records at the [Federal Reserve Banks] satisfy the plain language meaning of 12 C.F.R. § 261.2(i)(1), they qualify as agency records of the Board and are subject to FOIA requests. …[The CFR reads]: Records of the Board include . . . all information coming into the possession and under the control of the Board, any Board member, any Federal Reserve Bank, or any officer, employee, or agent of the Board or of any Federal Reserve Bank, in the performance of functions for or on behalf of the Board that constitute part of the Board’s official files; or [records] [t]hat are maintained for administrative reasons in the regular course of business in official files in any division or office of the Board or any Federal Reserve Bank in connection with the transaction of any official business..[provisions are to be broadly applied].The FRBs give all revenue in excess of expenses to the U.S. Treasury. 12 U.S.C. § 289.” Bloomberg L.P. v. Board. of Governors of Federal Reserve System, 649 F. Supp. 2d 262, 274++ (S.D.N.Y. 2009), aff’d, 601 F.3d 143 (2d Cir. 2010). emphasis added.

But what records would be of interest ? Well, it has been theorized that a considerable amount of funds from the Federal Reserve’s handling of government funds from auctions of Treasury securities disappears.1 The FRBNY, as fiscal agent of the U.S. government, has exclusive management of disbursement of the funds and any related function they wish to claim.2 The accounts currently handle over $10 trillion annually and no audit of the funds has been found.

Treasury Direct identifies securities for redeeming market securities usually have an approximate 10% “new cash” allocation.3 That would appear to relate to deficit spending. Funds for redeeming securities are disbursed in large part to select Primary Dealers who collect designated securities—or who have the securities they hold identified for recall. PDs also bid on auctioned securities. Transfer of funds for redeeming securities from funds received by auction does not increase the currency in circulation (inflation) nor does it increase the National Debt.

If funds designated as ‘new cash’ went to the government, they would have to purchase securities. There is no known government account that receives the approximate $1 trillion annual funds. If the funds purchased securities, they would eliminate any increase in currency in circulation (inflation) and would not increase the national debt. This obviously does not occur. Where do the funds go ? It undoubtedly involves a scramble of CUSIP numbers.4

The above discussion should not be confused with QEs or non-QEs. Those involve collateralized credit [not to be confused with money] extended by the Federal Reserve authorized by 12 CFR § 201.3 (a) identified as loans and, in large part, have been paid back. Some pundits claim they were made to prevent an economic collapse; some same it was a postponement.5 If a commercial bank was doing it, it would be called fractional reserve lending without any reserve requirement; it is the key to rampant inflation.

It would appear that FOIA can be used to obtain the records maintained by the FRBNY as to the disbursement of ‘new cash’ funds and the consideration received for them from the identified recipients. Some pundits claim the central bank is owned by the Rothschild.6 Other pundits claim the BOG is a privately held corporation with shares owned by select Primary Dealers and others.7 Maybe FOIA can find out what is correct.

Failure to take any action has been prophesied to result in a Greek/ Argentina oppression and collapse of the U.S. society.8

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Footnotes:

1 .. https://thedailycoin.org/2018/08/21/the-federal-reserve-a-different-view-updated/ ; https://ppjg.me/2019/11/18/the-federal-reserve-a-different-view/

2..31 CFR 375.3.

3..https://www.treasurydirect.gov/instit/annceresult/press/press_cashpydwn.htm

4..https://www.zerohedge.com/markets/helicopter-money-here-how-fed-monetized-billions-debt-sold-just-days-earlier?utm_campaign=&utm_content=ZeroHedge

5..https://www.zerohedge.com/markets/944-trillion-reasons-why-fed-quietly-bailing-out-hedge-funds; https://realinvestmentadvice.com/yes-rates-are-still-going-to-zero/

6..https://usahitman.com/o3clwrcb/

7 …https://www.spartareport.com/2019/11/the-federal-reserve-a-different-view/;

8…https://ppjg.me/2019/11/18/scenario-of-national-bankruptcy/.

OPEN LETTER TO CONGRESS

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J.Q. Public
freedom@Qmail.nix

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Dear Congresscritter,

The impeachment farce in Congress is the same modus operandi that has been used by Wall Street to create civil dissension and establish puppet governments with tyrannical control worldwide for decades. Can we prevent such an occurrence in the United States ?

Wall Street created the CIA in 1946 using their crony Allen Dulles to hide their nefarious war-mongering, such as getting the US involved in WW I and WW II, under a guise of “national security.” Then the CIA used that cover to thwart President Eisenhower’s attempt for Peace talks with Khrushchev by sabotaging their own U-2 flight. Then they sabotaged their own invasion of Cuba in a failed attempt to commit the U.S to all-out war with Cuba [Dulles countermanded JFK’s order]. Then they labeled JFK a traitor when they discovered his secret back-channel peace talks with Moscow (along with JFK’s attack on the Federal Reserve). Mark Lane, John Groden, and Mark North claim the CIA killed JFK. Then they successfully impeached (with bogus CIA corrupted evidence and MSM hype) RMN after he closed the CIA school to teach Tibetans to invade China, and then RMN destroyed the CIA’s straw enemy by opening trade with China in addition to his Midnight Massacre of 1700 CIA agents. Then they schemed to prevent the reelection of JEC [OCTOBER SURPRISE] after he torpedoed a nuclear powered aircraft carrier and his Halloween Massacre of 700 CIA agents. “Conspiracy theorists” conclude 1000 architects and engineers, and Rebekah Roth, present a scenario that appears impossible without the CIA and US military involvement on 9/11. Then the CIA lied to create war in Iraq, Afghanistan, Syria, among many other coups by Wall Street, behind cutouts, as indicated by John Perkins.

Wall Street bankers have initiated and utilized the military to engage in perpetual warfare by lies and deception for their economic profit since 1915. This continuity of influence and control over government policy is now evidenced in the Ukraine and is leading the impeachment fraud against the President after his attempts to avoid nuclear hostility with a super Power. Wall Street cannot tolerate peace.

What action can be taken to discontinue the madness of these psychopathic homicidal megalomaniacs? Well, may I respectfully suggest WHENSE THE DEEP STATE may be one consideration. Ref https://ncc-1776.org/tle2019/tle1050-20191208-10.html

J.Q. Public
freedom@Qmail.nix

Ref. https://ppjg.me/2019/11/18/the-federal-reserve-a-different-view/
How can Fed be used to foreclose on the $22 trillion National Debt for the benefit of Wall Street?
Ref. https://ppjg.me/2019/11/18/scenario-of-national-bankruptcy/.

SCENARIO OF NATIONAL BANKRUPTCY

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Author: OldReb

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Doom and gloom are appearing with increased frequency in U.S. and global financial writings but specific details of a potential economic catastrophe are never given. Let us speculate on what could happen in the United States.

Is a view into an economic catastrophe available ?

ANSWER: Sure, that is easy. Read what has happened to Greece and Argentina. William Blum, John Perkins, and Chossudovsky give many more examples. Bank deposits have been seized; pensions have been wiped out; jobs have been terminated; real estate and assets are selectively confiscated; the economy crashes; national assets are sold at fire-sale prices to financiers; financiers must approve every government action; etc. The same New York City parties, and their proxies, are repeatedly involved.

How might it be handled in the U.S. ?

ANSWER: The Federal Reserve Bank of New York City will handle it. They have exclusive handling of funds to redeem Treasury securities—as a fiscal agent for the government. They will select who gets funds which the government has available. Ref. 31 CFR 375.3.

Who will benefit from the crash?

ANSWER: Primary Dealers currently receive >$10 trillion annually for redeeming Treasury securities. Some of them were involved in creating the Federal Reserve. The concept that they hold ownership of the Board of Governors, in a closely held corporation that does not have to file with the SEC, should not be overlooked. Furtive acts abound in the creation of the Fed. Their derivatives creations have obtained super-priority status in bankruptcy. More

THE FEDERAL RESERVE: A DIFFERENT VIEW

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Author: oldreb

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“What difference does an increase in the National Debt make? We owe it to ourselves.” virtually every congress-critter has declared. Such a paraphrased statement, reflecting on the exoskeleton structure of the Federal Reserve, ignores the inner historic mechanisms of Rothschild banking, the intense subterfuge and arm-twisting of the Fed’s creation, and the proven destructive forces inherent but hidden therein. 1

The medieval Rothschild Banks established a line of credit for the King provided the King issued a written promise to pay gold, with interest, to the bank at a time in the future. The book-entry Rothschild credit was used to pay for obligations incurred by the king. The credit continued to be circulated in the kingdom between merchants. The bankers sold the king’s interest bearing promise of gold to investors. The promise was renewed by the king on its maturing date and became perpetually rolled-over. 2

VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold from investors; the investors had a promise the king would eventually pay them in gold—which would never happen. 3 Everything went smoothly as long as the bankers could sell the promise and the investors did not demand the gold. 4 As Benjamin Ginsburg has lamented in FATAL EMBRACE; (bankers) AND THE STATE 5, eventually the schemes, which stole the wealth from the people with book-entry fiat money, would come to a catastrophic climax. 6

The Federal Reserve system, claimed to be “staffed and run by Council on Foreign Relations members” 7 does the same thing for the U.S. government’s deficit spending. Their wizard is hiding behind Frank Baum’s curtain as obscurant to any public inquiry.8

The Federal Reserve Bank of New York will grant credit (not “create money”) in an account of the US government with an amount that the government will pledge. 9 The government will expend the book-entry-credit account (deficit spending) to pay for goods and services consumed by the government. The suppliers are content. Evidence that the supplier has received a credit voucher is obvious. [It is touted to the public as a loan.10] The heading of the currency given to the supplier by a local commercial bank is Federal Reserve Note; i.e., a debt obligation of the Federal Reserve also identified as a “tender” (substitute) required by law to be accepted for an imprinted number of dollars. 11 More

Fed’s Latest Plan for Bailing Out Wall Street Banks: Let Them Overdraft their Accounts at the Fed

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By Pam Martens and Russ Martens: October 31, 2019 ~

Victoria Guida, Reporter for Politico, Was First Reporter to Question Fed Chair Powell on Repo and Liquidity Problems on Wall Street During Fed’s October 30, 2019 Press Conference

Yesterday, following the announcement of another 1/4 point interest rate cut by the Federal Reserve’s Open Market Committee, Fed Chairman Jerome Powell held a press conference at 2:30 p.m. It proved to be an embarrassing and shameful example of New York City-centric business journalism.

Seven business journalists from leading business news outlets that cover Wall Street asked questions in the first 23 minutes of the press conference. Not one of these reporters asked about the liquidity crisis on Wall Street that has resulted in the Fed offering $690 billion a week to 23 Wall Street securities firms and one foreign bank as well as a newly launched “don’t call it QE4” operation by the Fed to buy up $60 billion a month in Treasury bills from Wall Street dealers.

The Fed began its repo loan interventions on September 17 of this year for the first time since the financial crisis. That crisis grew into the worst economic collapse in the U.S. since the Great Depression. What the Fed is now doing has all the same earmarks as the actions it took in the early days of the last crisis. (See our ongoing series of articles on the Fed’s actions and the liquidity stresses on Wall Street.) And yet, despite these frightening similarities, not one of the following reporters (in this order of asking questions within the first 23 minutes of the press conference) could summon the nerve to broach the subject: Michael McKee, Bloomberg TV; Heather Long, Washington Post; Jeanna Smialek, New York Times; Steve Liesman, CNBC; Nick Timiraos, Wall Street Journal; Edward Lawrence, Fox Business; and Brendan Greeley, Financial Times.

It was not until the eighth reporter was handed the microphone that we heard a question on the most critical financial topic of the day. More

The Fed Fears an Explosion on Wall Street: Here’s How JPMorgan Lit the Fuse

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By Pam Martens and Russ Martens of Wall Street on Parade

JPMorgan Chase is the largest bank in the United States with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact. 

According to the filings that JPMorgan Chase makes annually with the Securities and Exchange Commission (SEC), since 2013 JPMorgan Chase has spent $77 billion buying back its own stock. That includes the whopping $17.01 billion it has spent in just the first nine months of this year buying back its stock.

But here’s the shocking news. According to its SEC filings, JPMorgan Chase is partly using Federally insured deposits made by moms and pops across the country in its more than 5,000 branches to prop up its share price with buybacks. The wording in the filing is as follows:

“In 2019, cash provided resulted from higher deposits and securities loaned or sold under repurchase agreements, partially offset by net payments on long-term borrowing…cash was used for repurchases of common stock and cash dividends on common and preferred stock.”

Had JPMorgan Chase not spent $77 billion propping up its share price with stock buybacks, it would have $77 billion more in cash to loan to businesses and consumers – the actual job of its commercial bank. Add in the tens of billions of dollars that other mega banks on Wall Street have used to buy back their own stock and it’s clear why there is a liquidity crisis on Wall Street that is forcing the Federal Reserve to hurl hundreds of billions of dollars a week at the problem.

On September 17, the overnight lending rate on repurchase agreements (repos) spiked from the typical 2 percent range to 10 percent, meaning some very big lenders such as JPMorgan Chase were backing away from lending. That forced the Federal Reserve to jump in as lender of last resort, the first time it has done that in any material way since the financial crisis

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FISCAL BLISS* = * Ignorance is Bliss

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Olde Reb

proliberty@fairpoint.net

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What difference does an increase in the National Debt make? We owe it to ourselves.” Nancy Pelosi has declared. Such a paraphrased statement, reflecting on the exoskeleton structure of the Federal Reserve, ignores the inner historic mechanisms of Rothschild banking, the intense subterfuge and arm-twisting of the Fed’s creation, and the proven destructive forces inherent but hidden therein. 1 More

Do Americans Live In A False Reality Created By Orchestrated Events?

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The Commission did not investigate but merely sat and wrote down the story told to it by the government. Afterwards, the Commission’s chairman, co-chairman, and legal counsel wrote books in which they said that information was withheld from the Commission, that the Commission was lied to by officials of the government, and that the Commission “was set up to fail.” Despite all of this, the presstitutes still repeat the official propaganda, and there remain enough gullible Americans to prevent accountability.

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WAR

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new-logo25Neal Henderson

“We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religions destroy morals, and our banks destroy the economy” Chris Hedges Pulitzer Prize Winning Journalist.

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Written On Her Head Mystery Babylon The Great.

Great Britannia the United States of America and just about all of the world’s religions are run on the back of the City which is nothing other than a collection of privately owned banks and corporations only interested in themselves a self preservation society. It has corrupted the whole system from top to bottom, many thousands of innocent men women and children were murdered in cold blood in order to set up the Federal Reserve. It was a Titanic undertaking to accomplish, having to switch the registration plates around, but one way or another, 00 Agents managed to easily pull it off, gold medals for diabolic injustice  should have been given, because without such things, there would not have been enough money. Which is of coarse the filthy root of all evil. To pay for fomenting the onset of world wars 1 and 2. More

Obama’s Doctrine of Destruction of America as we know it, and the March to a New World Order

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This is a good synopsis of where we are heading and how we are getting there.

A NATION BEGUILED

http://www.pakalertpress.com/

TRUTHER

We could not have a better person in office than President Obama, if you want someone to do everything he can to destroy the country that is. This President has gone out of his way to make sure not only just a few of his Socialist policies ruin us, but that his whole time in office is dedicated to the destruction of the United States as we know it.

From supplying terrorist organizations such as Al Qaeda, the Muslim Brotherhood, and countless other Islamic Jihadists in N. Africa, the Mid-East, Indonesia, and Europe with billions of dollars in weapons, billions in financial aid, and actual military help, to purposely busing and flying in hundreds of thousand illegal aliens per day via Homeland Security.

This President expects his agenda of anti-Americanism to continue with breaking our economy and with the EPA’s anti CO2 regulations, which are based on…

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NEW WORLD ORDER—DEAD AHEAD

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new-logo25Jim Carter

contact: ppj1@hush.com

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(revised Dec. 27, 2013)

Also, Mark Carney, CEO Bank of England; Carlos Moedas, Secretary of State Portugal; ex Goldman men.

It would be the epitome of human folly to ignore the repetition of the same Wall Street financiers–

who have routinely inflicted financial chaos and abject poverty by debt upon the under-developed world for decades;

who now have leading roles in enforcing national IOU’s in Europe which they created and they are now devastating each nation;

who created and manage the $17 trillion debt of the United States;

who are additionally the putative recipients of hidden profit from their Federal Reserve Ponzi scheme that embezzles trillions of dollars from the U.S. government;

who permeate and use the U.S. Treasury and other government departments to profit their international business conglomerates;

who are additionally major lobbyists and the largest campaign contributors for political candidates.

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The 2008 worldwide financial chaos started on Wall Street with a sudden realization mortgage backed securities (MBS) were junk bonds. Some pundits claim the bonds were fraudulently represented to European bankers. European banks holding these securities panicked from devalued reserves. (do you think some European bankers told some NYC bankers they would be swimming with concrete boots if they did not buy $700 billion of toxic bonds real quick ?) Loans ceased to be available. Construction ceased while taxes from manufacturers and retailers plummeted. Tax revenue could not cover government fixed expenses. Financial operations of European nations became managed by creditors to guarantee payments on sovereign debt while social programs and government salaries have been slashed. Economists without a PhD would say a bubble burst.

Is there evidence the International Monetary Fund (IMF) and World Bank (WB) have similarly created debt in lesser-developed nations for decades and the same financiers are now moving up to European nations? Is this the advance of the New World Order that has been touted by the Council on Foreign Relations (CFR) for 70 years? Is the $17 trillion debt of the United States handled by the same financiers and is it now in the initial stages of collection? Has the major funding for these financiers for the past 80 years come from profit concealed by the Federal Reserve Bank of New York (FRBNY) which legally belongs to the U.S. government?

The answer is a collective YES.

The frustrating part is that the financiers received and hid the entire value of the U.S. debt when it was created that funded the conquest but they will also garner lavish $100 million annual remuneration when their fraudulent Ponzi scheme plunges the U.S. society into gut-wrenching poverty.  More

WHO BENEFITS FROM DEFICIT SPENDING ??

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 Jim Carter

Contact: ppj1@hush.com

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The government incurs a trillion dollar increase in the National Debt annually to spend money it does not have so congress-critters can fund pork barrel projects back home and get reelected. Is theft from the public by inflation for the “freebies” the end of the scam?? Not hardly.

06b0e53c-d69d-11e3-bfaa-12313d1c3a13-mediumFor congress to get the book entry money created on the government’s bank account, the Treasury Department must send a Treasury security to the FRBNY. Then the FR will honor checks on the account and the fiat money is added to the economic system (inflation occurs).

But what happens to the security received by the FRBNY (as collateral for a loan) ?? Why, the bank auctions it off to the Primary Dealers and pretends it has been done by the Treasury Department. The funds go to the FRBNY.
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Nero Fiddles at the Bankers’ Ball

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new-logo25Copyright © 2013 by W.R. McAfee, Sr. All Rights Reserved

November 9, 2013

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Audience marvels as currencies burn

And old and organized international cabal of white-collar banking thieves prowl the planet with a grab bag of heinous tools—war, deception, bribery, financial manipulations, recessions, depressions, shortages, misery for humanity— perfected over the centuries; enabling them to steal money and commandeer nations’ (and citizens’)  treasure by offering deliberate debt the bankers know can’t be repaid when they make the offer.

hijackedUsing the British army at the time, these bankers, who are headquartered in a square-mile area known as The City located in the middle of London, and who are an independent “country” with their own constitution, law, and police force separate from Britain,  attempted to gain control of America with two wars—the Revolution and the War of 1812. Their agents were back supplying Indian tribes throughout the country and on America’s borders with weapons, ammunition, supplies, staples and encouragement to kill colonists and wage war on America before the Revolution’s powder smoke settled

Both times they failed.

Undeterred, and with their eyes on a resource-rich American prize, the Rothschileans’ regrouped in The City and set loose a deceptive scheme to attack the nation with their money. More

Unholy Alliance: The Federal Reserve and the Treasury

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new-logo25By Cassandra Anderson
June 14, 2012

Morphcity.com

The Federal Reserve and the Treasury are running a scam that funnels freshly-printed money from the FedUnholyAlliance into the Treasury, using Freddie Mac and Fannie Mae as the pipeline.  Freddie Mac and Fannie Mae were taken over by the government and put into conservatorship in the 2008 bailout.  Freddie Mac and Fannie Mae are companies that bundle mortgages and then sell them to investors.  At the end of 2012, the Federal Reserve committed to spending $40 billion per month on Freddie Mac and Fannie Mae mortgage backed securities, creating an artificial market.


This system is troubling for the following reasons:

  • Unchecked money-printing (quantitative easing) causes massive inflation
  • As the Federal Reserve buys more mortgages on people’s homes, it could eventually own the majority of the real estate market through mortgage purchases, and become America’s landlord
  • Real wealth (land ownership/mortgages) is being transferred into bankers’ hands in exchange for paper fiat money created from nothing
  • A new housing boom has been created that will end in a bust

The Treasury is using the $40 billion/month paychecks to bridge the federal debt and make Obama look good.

Shareholders in Freddie Mac and Fannie Mae are suing the US government for bailing out and taking possession of the companies in 2008.  The shareholders are angry that the Treasury is pocketing all  of the “profits” that Freddie Mac and Fannie Mae are generating.  But the profits are an illusion as the Federal Reserve is propping up the companies. More

FUNDING OUR OWN DESTITUTION OR CONQUEST BY THE NEW WORLD ORDER

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Olde Reb

  To contact “Olde Reb” please write to ppj1@hush.com and we will forward your message.

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Conquest by the New World Order

The chaos of Greece has resulted in massive layoffs of government and civilian employees, loss of governmental services, impoverishment of the nation, riots, and has reduced much of society to dumpster-diving. Goldman Sachs assisted politicians in 2003 to cook the books and impose massive debt upon the citizens without their knowledge.

Goldman Sachs agents are also alleged to control the economy of Germany, Italy, Belgium, France,

Goldman Sachs IMF World Bank

Goldman Sachs IMF World Bank

UK,and Cyprus to guarantee debt to bankers. Ref.   Is this evidence that the International Monetary Fund and the World  Bank who, with corrupt politicians, have rapaciously exploited lesser developed nations for decades are now moving up to developed nations? Is their four step scenario the touted utopian advancement of the New World Order ?  Is the United States in the developing stages of their sequenced conquest? Is the funding that drives the scheme from profit concealed by the Federal Reserve bank of New York City which legally belongs to the  government?

The answer is a collective YES.

The frustrating part is that the financiers received and hid the entire value of the U.S. debt when it was created but will again profit when their fraudulent Ponzi  scheme collapses.

Joseph Stiglitz, a former chief economist for the WB, has commented that a ten percent commission for a corrupt politician (such as a finance minister) in a hidden bank account can readily result in a huge debt imposed upon the citizenry beyond their ability to pay.  A private debt then becomes a public obligation. The debt arranged by Goldman Sachs with Greece has been turned over to a troika collection group that includes the International Monetary Fund. More

Who Owns The Central Bank That Owns The Money In Your Pocket, Purse, or Bank Account?

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new-logo25Opinion: by W. R. McAfee, Sr.

March 25, 2013

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“Which is precisely the reason Iraq, Libya, Syria (work in progress if the Russians don’t block it), and Iran (soon, if the Chinese don’t block it) are being demolished for the bankers with American troops. These nations had their own central banks, didn’t draw from the BIS, furnished their countries with their own currencies, and were beginning to trade oil for gold.”

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PART 1

Globally, there are 150 central banks. They’re owned and controlled by descendants of 13 of the world’s richest banking families, many of whom who begot their fortunes began centuries ago financing wars for Kings and nations, and usury interest from capital loaned. Original owners include the Rothschild’s, Warburg’s, Oppenheimer’s, and Schiff’s.

These central banks are controlled from a square mile area located in the middle of London known as The hijackedCity — the richest square mile on earth—from which the world’s finances are controlled through the banks; which are located in the world’s strategic countries; so named because of the natural resources they possess.

The central banks in these nations are the only banks allowed to print money for those nations; which is sold to that nation for its face value with interest; which generates a perpetual revenue stream into the Bank of England that’s located inside The City —all for the cost of paper, ink, and press time.
The City has its own courts, laws, flag, police, answers to no nation, and pays no taxes—to anyone. It is neither a part of the British Commonwealth nor beholding to the crown. In fact, it is the crown; a privately owned corporate city-state in the middle of London to which the British Royals themselves are beholding; they, the government, and London officials being fronts for The City.

The City also owns (1) the Bank of International Settlements (BIS) in Basel, Switzerland, (from which their 150 central banks can draw funds), (2) the 10-square mile city-state (created in violation of America’s Constitution in 1982 to “legally” benefit the bankers) that’s known as Washington, D.C., and (3) the Vatican city-state and bank—all of which operate under the same flag, rules, and “constitution” as The City; their “constitution” being a tyrannical Roman law called Lex fori that has no resemblance to the U.S. Constitution.

Today, it’s estimated The City controls two-thirds of the world’s money; which includes the money in your pocket or purse, and the world financially with its central banks.
They also control the world militarily with the United States military.
But it wasn’t always so.

Presidents prior to 1913 routinely threw central bankers out of America

America’s Constitution and its accompanying Bill of Rights were so well written and thought out that it kept a stiff-arm in The City’s face for more than a century. More

Money Laundering A Hypothetical Guide Part 1: The Basics

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Minute MBA by OnlineMBA.com PRO

From entrepreneurship to the Federal Reserve, even a ‘how-to’ guide on money laundering (hypothetical, of course), Minute MBA is here to enhance the knowledge of our audience, through visual experiences that are memorable and life-changing. However, we do not condone money laundering, because that’s bad.

The International Monetary Fund estimates that up to 5 percent of the world’s gross domestic product is laundered every year. Check out this video to learn how you can get in on some of that action.

The Great Global Money Siphoning Machine

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By W. R. McAfee, Sr.

Copyright © by W.R. McAfee.  All rights reserved.

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OPINION

People who’ve paid attention to financial events of late are seeing the financial curtain rising on the final act of the greatest theft the world has ever known. It began when:

  • (1)America’s treasury vaults were emptied by Wall Street’s thieves and their politically-appointed government confederates, and
  • (2) the subsequent start-up of the fed’s money presses to the tune of—What? $20, $25 trillion now that has gone onto the American taxpayer’s tab?

All this to pay for the deliberate financial devastation the bankers caused worldwide by insuring and selling worthless Wall-Street-stamped, genuine Triple AAA-rated derivatives/CDSs/mortgage bundles to the rest of the world; knowing the banks and funds that bought them would be stuck with these ‘moral hazard’ assets; thus placing themselves in vulnerable financial positions; ripe pickings for later takeovers, consolidation, closures.

Did I mention the companies that insured the bundles would also take a bath?

All of this might have been avoided if our elected puppets had not given up America’s Constitutional right to print our own money to English-backed bankers in 1913.  Our founders, knowing about the Rothschild banking operations in London—it’s estimated they now control an estimated two-thirds of the world’s money—had deliberately written into our Constitution that congress was the only body authorized to coin [read: print] and issue America’s money. More

Financial catastrophe imminent?

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Copyright © by W. R. McAfee, Sr. All rights reserved.

 

Sir Mervyn King Thinks He

Sees a Financial Crisis

Bank of England Chief Has an Epiphany

Financial catastrophe imminent?

Uncle Merv ought to know.  He and his ilk at the Bank of International Settlements (BIS—that owns and funds the world’s central banks; the only banks that can print money for a country) in Basel, Switzerland, and the ten square mile area known as The Mall in Washington, D.C., worked to set it up.

A three-minute backgrounder. (again).

Wall Street and England’s parliament, and their confederates, are the designated lightening rods to draw the rocks during this economic “collapse.” More

Occupy Wall Street – Why I Must Be Stupid.

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Lynn Swearingen (c) copyright 2011 ALL RIGHTS RESERVED

Apparently there are so many smart people out there that I’m blessed by my ignorance. The whole “non-demand demands” of Occupy Wall Street (OWS) just confuses the heck out of me. I’m thinking “What do OWS folks stand for?”, but the best I can come up with before the Union Co-Op and Prezzie support group started was here.   Let’s just take a look one-by-one:

Demand one: Restoration of the living wage. This demand can only be met by ending “Free trade” by re-imposing trade tariffs on all imported goods entering the American market to level the playing field for domestic family farming and domestic manufacturing as most nations that are dumping cheap products onto the American market have radical wage and environmental regulation advantages. Another policy that must be instituted is raise the minimum wage to twenty dollars an hr.

Awesome! Everyone will have more fiat money to purchase fiat imported goods which will in turn support Amerika! Oh. Not so much. Let’s move on to the next.

Demand two: Institute a universal single payer healthcare system. To do this all private insurers must be banned from the healthcare market as their only effect on the health of patients is to take money away from doctors, nurses and hospitals preventing them from doing their jobs and hand that money to wall st. investors. More

Job Growth, Educational Opportunities, Stimulate The Economy – In Egypt?

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$16 Muffin and $8.25 Coffee

Lynn Swearingen (c) copyright 2011 ALL RIGHTS RESERVED

I truly tried to come up with a better commentary once I read this tidbit from the U.S. Trade and Aid Monitor report, but alas even my satire does not top this blurb:

The expansion of community-college systems nationwide could improve students’ career options while supporting economic growth, according to the Obama Administration. Consequently, the federal government is exploring the possibility of financing such a modernization project—not in the United States, but in Egypt. More

FEDERAL RESERVE HIDES PROFITS FROM INFLATION

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 “Olde Reb”/ PPJ contributor

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Last year $8.4 trillion was handled by the FRBNY from the auctions.. There is NO information available as to how it was dispersed.”

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The headlines screamed that we needed to increase the National Debt to prevent an economic collapse.  Wait a minute. Is that the whole story?

Much is said of how the increase of the National Debt ceiling is inflationary, and it surely is. But the gain by the United States government is only temporary.  The real profit goes to the Federal Reserve and Wall Street but that profit is hidden from Congress and the public.

There are two conceivable ways the National Debt can be financed.  The manner projected in the mass media and by government is that the government borrows from the public. If this was the entirety of borrowing, there would be no inflation. The Fed could handle the transactions as a broker and receive commissions.  The money transfer is the same as the payment of taxes but the government would promise to pay interest on the funds. Inflation by this method of financing is not possible. More

Never Carry A Goose On The Glock Side

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Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

I ask readers to once again read this inane experience to get to the final allegory presented. Y’all are pretty much above the cut of blog consumers, so I’m thinking I may be in luck.

In the tradition of many rural homesteaders, I had something someone else wanted. Geese. After the preliminary examination of said fowl – and I do mean fowl – a deal was struck. Without the entire “addressing of Committees” and “passing Resolutions before the Press”, we’d managed to hammer out a deal over the pasture fence in the intense heat. I’d herded the two 20 pound Toulouse down from the upper back 40 and was preparing to load them. Leaning down I slung “Thing One” up and over to my left hip. About 2 steps into the production, I felt the warm, gooey mess that leads to the term “loosey goosey” begin to slide down the inside of my waistband. Of course the cross draw Glock 40 on my left hip was coated with the odious mess – probably the most important resource I had upon myself at the time.

After the obligatory farm humor, I progressed over to transport “Thing Two”.

Now here readers is where the allegory of “learning from past mistakes” comes to mind. What exactly did I do? Did I think as the current Republican Party leaders and fling that sucker up on the same hip thinking “In for a penny, in for a pound” ’cause we’ll clean up this mess (debt) later. Or could I perhaps have crossed the party lines stating “I’ll just shift the shit dumping to the other side and hope it sticks”.

I’ll tell you what I did. I placed Number Two on the ground and guided it over. Sure enough a few steps into the process she let loose with the familiar gift unique to Geese across the world – in a harmless location – without fuss.

This entire situation gave rise to an interesting thought process. If in the past 49 years the debt ceiling has been raised over 74 times (10 times since 2001), what exactly are both parties doing? In the simplest sense of the word they are continuing the great tradition of stupidity. Reaching down and hoisting ol’ reliable “goosey loosey” on their left hip, they run to the nearest printer to whip themselves up a Bill to spend the cash no matter what is cascading down the waistband of the American Taxpayer (the most important resource of The United States).

The situation is neither as dire nor as “unexpected” as .gov would have us believe. The political games could easily have been solved across Washington’s pasture fences if either side chose to. What would be missing is the Political Posturing that creates great sound bites for re-election. They surely cannot have that. Both sides of the warped Washington coin will arrive at a deal considered “great” for the Nation as a whole.

It would be easier if all considered the issues across the pasture fencing stretching across this Nation – person to person versus party to party. Instead, I suppose after reconsidering that impossibility, the only words of wisdom I can propose are “Never carry a goose on the Glock side.”

Lending – Not Spending – The Problem?

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Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

In yet another round of finger-pointing, the Dodd-Frank Wall Street Reform and Consumer Protection Act passed last year turned up this bit of information:

Audit: Fed gave $16 trillion in emergency loans

I spent mine already – how about you? Didn’t get it? That is because it wasn’t for the “little people”. Oh no. Just like the skinny new kid on the block gives his brought from home outlawed Twinkie to the big kids at school so they’ll play with him, the Administration(s) played nice with the very people who are now being condemned as the “causation” of various bubbles, CEO raises, and “unexpected Economic downturn”. Are we seeing a pattern here? More

America’s 21st Century Klondike! Banksters Dig For Nation’s Gold

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W. R. McAfee, Sr. (c)copyright 2011 All Rights Reserved

OPINION

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A great wailing has arisen from Washington to “. . .sell off everything we own, pay off all this out-of-control debt, and take back America.”

Selling America’s assets  —including the nation’s gold—would come nowhere close to paying off the trillions we owe (somewhere north of 15 now) unless there’s a hidden vault full of gold at Fort Knox no one knows about and the price of gold suddenly quadrupled. ( Possible.)

For openers, no one is even sure how much gold America has because the fed will not let anyone audit the nation’s reserves. The question is why?  Have they confiscated it as collateral for the trillions we owe them?  Have they moved it out of America?  

We don’t know and they won’t say because the same liars and thieves that have deliberately run up our current debt and enriched themselves are, in my opinion, running a scam similar to the one their grand daddies and President Roosevelt ran when he (Roosevelt) illegally confiscated gold from American citizens during the 1930s in the middle of the Great Depression.

In the run-up to the first confiscation, their grand daddies got advance word and moved their gold offshore where it couldn’t be confiscated.  Roosevelt then seized citizen-held gold at $25 an ounce, remunerated the holders and—after the government got about all the gold that citizens were willing to give up—declared the new (official) price of gold to be $35 an ounce.

The elite who, then as now, held gold in pounds and tons, realized an instant 40% profit with the stroke of a pen. More

RIP-OFF BY THE FEDERAL RESERVE: How they stole it all!

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“Olde Reb”  (c)copyright 2011 All Rights Reserved

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The $8.4 trillion in income does not reveal itself in the ANNUAL REPORT TO CONGRESS; Ref. Tables 10 and 11, pages 454 to 462 REPORT for 2009. Id.  (Auctions are not Open Market transactions. Securities that are not sold are assigned to SOMC.) This appears to be $8.4 trillion that is concealed from Congress and the public.

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Revised 3/14/2011

PREFACE:   This mathematical analysis shows how:

1.  The present practice in the U.S. of creating book-entry money via T-securities (deficit spending) in the amount of the principal of the security, with a promise to repay the principal PLUS the interest, is impossible.  The interest is never created; the debt is perpetual and must continually be increased or the economy will collapse from de-leveraging;

2. All other fiscal obligations of the nation must be curtailed while the growth in debt will escalate.  The exponential growth of the interest and snow-balling debt will increase until the entire wealth of the nation, and of future generations, is inadequate to fund it;

3.  ALL money created by Treasury securities goes into the pocket of the Fed ($8.4 trillion for 2010). Not only does the Fed receive the interest (if not sold), but also the value of the security upon maturity (or by sale). Congress has temporary benefit of $1.4 trillion deficit money (until maturity) during 2010;

4.  The operation is, as in any Ponzi scheme, predestined for inherent national bankruptcy when buyers to roll over the debt cannot be found. As the scheme becomes visibly precarious, the interest rate will sky-rocket and accelerate the collapse.
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The Federal Reserve uses euphemistic smoke and mirrors to obscure their scam. With full knowledge the following is not the way the Fed/government describes the system, allow me to offer a different analysis of their operation.

Congress can pay for federal expenses with funds collected from taxes, but Congress is never satisfied with this amount. The desire to buy votes/campaign contributions from special interest groups induces congress-critters to spend more, and this is identified as deficit spending. To create this make-believe money requires the assistance of the Federal Reserve.

Congress will give the Fed a T-security (bill, bond, or note) and the Fed will accept the document as an asset of one of the twelve FR Banks. The Fed will then establish a line of credit for the U.S. government (a book entry)  in the same amount and list the liability as Federal Reserve Notes.  Voila !!  Fiat money has just been created for Congress to spend.  Ref:  2009 Annual Report to Congress by the Board of Governors,  page 448. http://www.federalreserve.gov/boarddocs/rptcongress/annual09/pdf/ar09.pdf  The accumulated securities that are not redeemed add up to the national debt. More

QE2 — THE FRAUD IN YOUR FUTURE

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“Olde Reb”  (c)copyright 2011 All Rights Reserved

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Pundits are reacting with aghast at Bernanke’s QE2. The purpose of QE2 is not for the benefit of society; it is a desperate attempt at self-preservation by the Federal Reserve. It will not salvage the Ponzi scheme.

If the market is left alone, the value of mortgages held by the banks will continue to fall. When the toxic mortgages eventually have to be written to value, the assets of the banks will rapidly de-leverage—and the banks are obviously bankrupt. When the banks fail, the riots start and Congress–to make a show for the public–will have to point fingers at someone (other than themselves) and that will be at the Fed. If the man behind the curtain is exposed to scrutiny or an audit, all hell will break loose. The Fed will be like BCCI on steroids. More

Interior Decorating and Net Design : The Feds Side jobs

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Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

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Apparently it’s a slow period in the weeks before Christmas for the Federal Reserve. Not content with shutting banks doors throughout the Country (151 so far) and discouraged that $1 Billion in  “new” $100 Bills won’t be ready in time to purchase a loaf of bread in the coming inflationary period, it’s time to play “Let’s Enforce Rule B”. More

What Small Business Wants

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Submitted By Dan Martin

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The most egregious of their useless proposals revolve around the current the tax debate — whether to include the top 2 percent in reversing the Bush tax cuts. The sanctimonious claim is “this would hurt small business” — and this suggestion is incredibly wrong and even detrimental.

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What small business really wants (it’s not what all those senators claim)
By Myles Spicer | Thursday, Dec. 2, 2010
Recently on TV there was a rerun of a popular movie produced in 2000: “What Women Want,” starring Mel Gibson and Helen Hunt. Very briefly, Gibson has “shocking” experience (literally) and is able to get into the “heads” of women and read their thoughts. Not a great move, but high grossing and of interest to me because it involved an advertising agency — my core profession for over 40 years.

It also coincided with the continuing claims by many members of Congress about what needs to be done to assist small business, who will be the drivers of our economy to get us out of this funk. Frankly their comments are inane, fictional, silly and inept. Why? Because virtually none of them really knows the dynamics of small-business challenges, and consequently do not or cannot get “into the heads” of true small-business people. Frankly, their statements are politically based, and have little to do with reality or an intelligent analytical basis of small business needs. More

Larson Loans, Frankenfoods, and Vaccines on the House

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 W.R. McAfee Sr.  (c)copyright 2010 All Rights Reserved

_OPINION____________________________________________ 

“The boys behind the curtain will try to first implement an ACTA-type bill  with “official” congressional legislation approved by both the House and Senate in the U.S. and, absent or failing that, the treaty itself with an executive order; none of which was made known to the public until the treaty was completed, and wouldn’t have been transparent even then had not the public had access to the Internet.” More

WANNA LOSE YOUR SOUL?

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J.Speer. Williams  (c)copyright 2010

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“When we talk about compassion we talk in terms of being kind. But compassion is not so much being kind; it is being creative [enough] to wake a person up”

Chogyam Trungpa Rinpoch   1939-1987 

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When we don’t exercise our bodies, our muscles become weak. When we do not exercise our minds, what has the potential to be a steel trap begins to rust and it’s springs lose snap.

Our conscience, that regulates our morality, also becomes rusty and weakens if not used. Ignore your conscience long enough and you might lose your soul. 

A soul-less being has no empathy for others. Lose your empathy, and you’ll know you’ve lost your conscience, on the way to losing your soul. More

THE FEDERAL RESERVE IS A CRIMINAL ENTERPRISE: ITS TIME TO INVESTIGATE AND PROSECUTE THEM

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 John Wallace

LIVE LINK:  Liberty News Online

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The Federal Reserve recently announced that it would be repeating their previous con-game trick called “Quantitative Easing” that they say is designed to save the American economy. “Quantitive Easing” is a process by which the Federal Reserve and the U.S. Treasury conspire to print a massive amount of new “fiat money” backed by absolutely nothing in order for the Federal Reserve to buy American government debt. In other words, they are using phoney money to buy back their own debt. Don’t you wish you could pay off your debts, just by printing your own dollars backed up by absolutely nothing? Please tell me how this move by the Federal Reserve helps the American people? More

Throwing off the tyrants:Three Different Street Corners

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Same Accident Viewed From Three Different Street Corners 

 J. Speer-Williams (c)copyright 2010 All Rights Reserved

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Dear Fellow Truthseekers,

One of the limitations of three-dimensional life is everyone views life and its events from different viewpoints, prospectives, and experiences. Each viewpoint is likely to be correct as far as it goes, but is limited and therefore could be called a relative truth.

After viewing an accident from three different street corners, each viewpoint will have a slightly different tale to tell, each tale being relatively true. Absolute truth would encompass all actual and potential viewpoints, past-present- and-future; something not possible, while in our three-dimensional world. 

So, in our world there are arguments and upsets amongst good men, each telling the truth, as far as they know from their own limited viewpoint. 

The patriotic truth movement is not yet strong or numerous enough for a peaceful and successful counter-revolution, throwing off the tyrants of both the Shadow and sitting governments. 

The secret Shadow government, far stronger than our bought and paid for government; and it is intent on bringing about a One-World government, with no country having an economy strong enough to support itself. That is the reason, shadow puppet Bill Clinton signed the repeal of the Glass-Steagall Act, and the NAFTA and GATT trade agreements, which not only brought down our economy, but also all the others of the world.  More

RIP-OFF BY THE FEDERAL RESERVE

6 Comments

Posted by: Anonymous

The debt created by usury based sovereign debt is perpetual; it can never be paid off. The contract cannot be culminated. Any contract that cannot be culminated is an act of fraud. A contract based upon fraud is invalid from its inception. It would appear the national debt is not legally enforceable. (A debt incurred by a state or municipality is not a sovereign debt as used in this analysis. Such a debt is akin to a commercial loan and is completely repayable.)”

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The Federal Reserve uses euphemistic smoke and mirrors to obscure their operations. With full knowledge the following is not the way the Fed/government describes the system, allow me to offer a different analysis of their mathematical operation.

Congress can pay for federal expenses with funds collected from taxes, but Congress is never satisfied with this amount. The desire to buy votes/campaign contributions from special interest groups induces congress-critters to spend more, and this is identified as deficit spending. To create this make-believe money requires the assistance of the Federal Reserve. Approximately 45% of the 2009 budget was paid by new fiat money.

Congress will give the Fed a security (bill, bond, or note) and the Fed will accept the document as an asset of one of the twelve FR Banks. The Fed will then establish a line of credit for the U.S. government for the same amount and list the liability as Federal Reserve Notes. Voila !! Fiat money has just been created for Congress to spend. Ref: 2009 Annual Report to Congress by the Board of Governors, page 448. More

Worth a second look: Silver Shines as an Economic Solution

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Live Link: Morphcity.com

By Cassandra Anderson
September 28, 2010

Idaho State Representative Phil Hart authored the Idaho State Silver Gem Act earlier this year which allows for the Idaho State Treasurer to issue silver medallions and make them available to the public; people may use them for any purpose they want and will have the option of paying their State taxes with the silver.  The benefits of the Silver Gem Act are:

• Silver can be used as an alternative currency, outside of the banking system

• Jobs will be created in the metal refining industry in Idaho

• Silver- and gold- are a protection against inflation for both the public and Idaho State 

The Idaho Silver Gem Act serves as a model that other states and local governments can use.  If the bill passes, people can use silver with confidence because the government of Idaho will accept it, too.   The Idaho Silver gem Act will also help to prevent possible federal precious metal confiscation. More

The Fed Owns the U.S. Gov’t – The U.S. Gov’t Controls its Employees – Social Security Made Americans into Federal Employees

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LIVE LINK: Llstulers blog

Reprinted with permission

    “Besides the sovereignty issue that the Federal Reserve had to deal with, the federal government has no jurisdiction over intrastate commerce.  Actually, this is a consequence of American sovereignty – there would be no sovereignty if the federal government could rule Americans in their commercial endeavors.  The Constitution in Article I, section 8, only grants the federal government jurisdiction “To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes”.  This is known as foreign commerce, interstate commerce, and trade with the Indians.”

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 If the actions of the federal government in Washington, D.C., seem at odds with the Constitution and, as well, at odds with the general public’s views and desires, you must know that the Federal Reserve now owns the U.S. government.  Owning the U.S. government was not enough to enslave Americans due to their inherent natural-born sovereignty.  So the Federal Reserve has also created Social Security in order to destroy that sovereignty.  This is the basis of EVERYTHING that the government is doing.  By applying for a S.S.# an American entered into an employment contract.  There are no Constitutional restraints concerning the government’s own employees.  

          The Federal Reserve bankrupted the U.S. federal government in the 1930′s.  This is clearly evidenced by the law itself:  title 11, U.S.C., “Bankruptcy”, is implemented by title 11 C.F.R., “Federal Elections”.  The Federal Election Commission is charged with implementing the laws of bankruptcy.  Our elections are simply to elect a bankruptcy “administration” – the Fed is in charge, so it really doesn’t matter who gets elected.  President Obama ran his election on the “change” platform, but once elected, he increased the bailout money to the same people and increased the number of troops overseas.  Nothing has changed at all because the Fed has ordained what will be done.  Republican or Democrat, it would not have mattered who won the election.  

          The following is from the Congressional Record of March 17, 1993: 

          “It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent.  H.J.R. 192, 73rd Congress session of June 5, 1933 – Joint Resolution to Suspend the Gold Standard and Abrogate the Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States governmental offices, officers, and departments and is further evidence that the United States Federal Government exists today in name only.” 

          As the Congressional Record states above, the gold standard could no longer be upheld.  This means that the federal government no longer could pay gold to back up the dollar – there were too many dollars in circulation.  This is bankruptcy.   

          After bankrupting the government, the Federal Reserve then moved to enslave all Americans and make them pay the interest on their (counterfeit money) loans to the government.  

          However, bankrupting the U.S. federal government wasn’t enough to make Americans pay the Fed’s interest because the American is sovereign, not the federal government.  This has been held by the Supreme Court in several decisions, such as, United States v. Lee, 106 U.S. 196, Hale v. Henkle, 201 U.S. 43, Julliard v. Greenman, 110 U.S. 421, and Chisholm v. Georgia, 2 Dall. 419.  It is expressed quite clearly within Julliard v. Greenman as follows: 

          “There is no such thing as a power of inherent Sovereignty in the government of the United States.  In this country sovereignty resides in the People, and Congress can exercise no power which they have not, by their Constitution entrusted to it:  All else is withheld.”    More

It’s All Really Very Simple … if … You Can Become a Conspiracy Investigator

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J-Speer-Williams (c)copyright 2010

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Let us begin by asking ourselves, “Who owns the corporate-mainstream media?”

And of course, the answer is large, very large, corporations own the corporate media. 

But, who owns the controlling stock of these large corporations, and controls their “news” and aired content? 

The answer is the foreign, privately owned International Monetary/Banking Cartel, that controls the money and credit of the world. Make sense? 

Our knee-jerk, tunnel-visioned, democratic and republican voters must develop some peripheral political vision, or they will be taught some lessons of life that could more easily be learned by viewing outside the propagandized fields of corporate-media focus.  More

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