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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 TRANSPARENCY

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OldeReb

proliberty@fairpoint.net

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The Federal Reserve’s lack of transparency, which is perceived to be impenetrable, is an erroneous assumption.

Volume 12 C.F.R. § 261.2(i)(1) Identifies public FOIA requests for records (of) any Federal Reserve Bank in connection with the transaction of any official business.” are authorized. A Federal Court of Appeals has concurred. Ref. 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). Exemptions 4 and 5 are not applicable. The deceptive CRS Report 42079, Federal Reserve; Oversight and Disclosure Issues relates to a public perception; it does not relate the law. Ref. https://thedailycoin.org/2020/02/02/federal-reserve-foia-and-audit/ (updated).

The Federal Reserve’s creation of fiat currency [a credit extended by the FR system] depends upon the Treasury Department issuing a debt instrument [Treasury security] containing a promise to pay back the principal plus interest. The interest does not exist nor has it been created. The only way to procrastinate bankruptcy is to issue more debt (principal) and pay the prior interest due from the new principal. This results in an exponential increase in the amount of debt [inflation] that will be created. The National Debt can never be paid off. It is a classic Ponzi scheme. [Fractional reserve multiplication of currency by commercial banks does not alter this conclusion.] A contract that cannot be culminated, or does not convey consideration for funds, is an act of fraud and is void upon its inception.

The manner in which the Fed is used to assist Wall Street conceal >$3 billion daily from the government [and the public] using the auction accounts of Treasury securities for the benefit of TBTF banks is alleged at https://www.spartareport.com/2019/11/the-federal-reserve-a-different-view/ ; 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/ , https://ncc-1776.org/tle2019/tle1019-20190505-05.html. The analysis has been sullied; it has never been discredited.

The Treasury security auction accounts are exclusively controlled by the FRBNY and handle more than $11 trillion annually. The accounts have never been audited and are a proper subject for public review using FOIA. [The cited CRS report broadens the meaning of audit to imply two reviews of FRBNY’s security procedures are audits.] TreasuryDirect identifies the apparent commingling of government funds with private funds. The destination of new cash is not disclosed.

Benjamin Ginsberg in FATAL EMBRACE reminds readers of historic similar related banking systems resulted in repeated economic exploitation, societal collapse, and civil disruption in medieval Europe. John Perkins [CONFESSIONS OF AN ECONOMIC HIT MAN], Douglas Valentine [CIA AS ORGANIZED CRIME] and others have identified covert Wall Street actions as the origin of world-wide chaos and subjugation. The use of these funds for world domination and national chaos, which is occasionally projected war mongering  to include the United States, has been documented by William Blum, Greg Palast, Michel Chossudovsky and many others. Pathological Wall Street  using the CIA, US military, the IMF, and the WB to impose economic control or for destruction of industrial rivals is standard procedure. https://thedailycoin.org/2019/07/25/war-mongering-brought-to-you-by-wall-street/; WHENSE THE DEEP STATE ?, https://ncc-1776.org/tle2019/tle1050-20191208-10.html .

Potential national financial chaos resulting from the US economic instability is mentioned in current US headlines. How the TBTF banks can utilize the existing legal structure to collect on the $22 trillion (and growing) national debt is theorized at https://ppjg.me/2019/11/18/scenario-of-national-bankruptcy/. The resultant social chaos would be similar to that found in Greece and Argentina, and could involve seizure of demand deposits and pensions, slashing of wages, confiscation of national assets, etc. Wall Street representatives’ testimony before congress has confirmed destruction of government sovereignty does not hamper their collection of alleged national debt. Apparently the fly [US citizen] on the spider web is enjoying the view but has not visualized the next meal.

Is this concern a proper cause for FOIA action to preserve the government from total Wall Street domination?

Note: This writing is not copyrighted. Feel free to distribute.

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/.

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

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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The Fed Is Offering $100 Billion a Day in Emergency Loans to Unnamed Banks and Congress Is Not Curious Enough to Hold a Hearing

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By Pam Martens and Russ Martens: September 27, 2019 ~

New York Fed Headquarters Building in Lower Manhattan

New York Fed Headquarters Building in Lower Manhattan

The Federal Reserve Bank of New York first initiated its emergency overnight loans to Wall Street this year on Tuesday, September 17, starting off at the rate of $75 billion daily. It then increased its loans by adding, in addition to the $75 billion daily, 14-day term loans in the amount of $30 billion to be offered three times this past week. But after the demand for the first 14-day loan was more than double the $30 billion offered, the New York Fed boosted the next term loans to $60 billion and increased its overnight loans to $100 billion.

What will next week bring? When Wall Street can get super cheap loans from the Fed in the tens of billions of dollars with no questions asked by Congress, it will continue upping its demands until the Fed is once again secretly shelling out trillions of dollars while Congress willfully remains in the dark – in other words, a replay of the 2007-2010 financial crisis.

The New York Fed is only allowed to engage in these repo transactions with its 24 primary dealers. That list of 24 primary dealers includes the securities units of big U.S. banks like JPMorgan Chase, Citigroup, Bank of America and Wells Fargo, but it also includes the U.S. based securities units of troubled foreign banks like Deutsche Bank, Credit Suisse, and Societe Generale (SocGen).

Because the New York Fed is not announcing which banks are drawing down the bulk of its loans, neither Congress nor the American people know if the money is flowing to U.S. banks or foreign bank subsidiaries in the U.S. Propping up troubled foreign banks is not what most Americans want their central bank to be doing. More

FISCAL BLISS

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Olde Reb
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FISCAL BLISS*

Footnotes are available at https://www.scribd.com/document/355085824/Embezzlement-by-Federal-Reserve if they are deleted by software.
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“What difference does an increase in the National Debt make? We owe it to ourselves.” our typical 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 and 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 on its maturing date and was perpetually rolled-over. 2

VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold; the public had a promise that the king would eventually pay them in gold—which would never happen. 3 Everything went smoothly as long as the bank could sell the promise and the people 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, would come to a catastrophic climax. 6 More

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

Why I Am an Anti-Globalist

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by James Hufferd, Ph.D.                                                                                    

  Coordinator, 911 Truth Grassroots Organization

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  Back when I was new on this earth and arriving in town in a yellow school bus, the better part of a century ago (gulp), there was a program that came on our black and white TV in the late afternoon each day called “Captain Video”, in which, as I recall, the main characters were served by a robot name of “Tobor”, “robot” spelled backward – clever. 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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Governments cause inflation ? Not !

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Olde Reb

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Mr. Hornberger chides the citizens of Argentina who fall for the government propaganda that businesses are responsible for inflation because they raise the price of goods and services in his recent article.  He then slams their schools for not educating the people.

Perhaps Mr. Hornberger should review the economic chaos of the United States and Europe and questionnew one whether it is the government or financial institutes that cause—and profit from—inflation. “Bought off” and corrupted are terms that come to mind to identify the cause from the implementer..

The methodology by which the Federal Reserve Board of Governors conceals $4 billion daily from the auction accounts of Treasury securities that are exclusively handled by the FRBNY—the accounts have never been audited or reported to Congress as required by law—has been documented. Ref. FEDERAL RESERVE HEIST. The lengthy mathematical analysis of the Fed’s Ponzi scheme that dates from Rothschild’s “loaning” to rulers of centuries past to reveal the inherent national bankruptcy of their scheme is available. Ref. RIP OFF BY THE FEDERAL RESERVE.

The use of that money to fund the New World Order using the World Bank and International Monetary Fund has been theorized. Ref. FUNDING THE NEW WORLD ORDER. The embezzlement of the Treasury auction funds by the FRBNY and FRBOG has been brought to the attention of the United States government. Ref. AMENDED COMPLAINT—WHISTLEBLOWER SUIT.

The “end goal” of the cabal has been stated in internal memos to be the collection of the $17 trillion National Debt of the United States.  Greece and Cyprus are but two available examples of their collection methods.

And still Mr. Hornberger is unaware of the future tragedy and demise of the U.S. while he belittles the economic knowledge of the Argentina people.    The academic centers of the U.S. {that must groom economists for future employment with the largest employer of economists–the Fed and the banks—and who also receive largess from them} have done a great job in hiding the perfidy of the Fed.

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Ref. http://fff.org/2014/03/18/the-governments-inflation-scam/

All articles available at www.scribd.com/oldereb.

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

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

AN OPEN LETTER TO POLITICIANS AND BUREAUCRATS EVERYWHERE

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The View From Montana

The View from Montana has gotten several requests for the letter read during our last night Blog Talk Radio Show. One of our frequent listeners, Marilyn shared with us this gem, that she has kept for years. A treasure that she has kept so long, that she can’t even remember where she got it from or even who penned it. TVFM has tried to research it, but hasn’t come up with anything. Perhaps one of you can fair better. Till then…

Written by [ANONYMOUS ]___________________________________________________________________

AN OPEN LETTER TO POLITICIANS AND BUREAUCRATS EVERYWHERE:

Our forefathers gave us a Republic, you turned it into a Socialist Democracy.

We had free enterprise, you gave us managed competition and Keynesian economics. hijacked

We had a Treasury, you gave us a central bank in the Federal Reserve.

We had an industrial base unparalleled in the history of the world, you gutted it.

We had the best merchant fleet, you scrapped it.

We had fifty sovereign States, you gave us ten Federal Regions.

Where we once had law, you gave us social engineering in lieu of justice.

We had an educational system that worked, you turned it into a propaganda mill for political correctness.

Our military, until Korea, was undefeated. You turned it into a hired gun for the U.N.

Where we once stood alone, completely self-sufficient and a true world leader, you gave us  global interdependence.

To accomplish all this, you taxed us unmercifully.

You abandoned the Constitution in favor of the U.N. Charter.

In short, you, the politicians and bureaucrats, have robbed, raped and pillaged this once great nation and turned it into a provenance for what you call a “New Word Order.”

If you wonder why you are held in such contempt, you might reflect on the above reasons. Further, if you think your treason has gone unnoticed, it hasn’t.  On any given day across this land, in cafes, churches, in homes, anywhere that’s convenient to meet, people who still love this Old Republic gather.  And like it of not, they are talking about YOU!

Borrowed, Sent and Signed by a Proud, Angry American Sovereign

RE: FUNDING OUR OWN SELF DESTRUCTION

12 Comments

new-logo25Jim Carter

To contact Mr. Carter please email: ppj1@hush.com and your message will be forwarded.

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Dear congress-critter,

TRUTHOUT website documents the control Goldman Sachs has acquired over European nations by financial indebtedness using various scams resulting in imposed austerity: Infiltration of the U.S. government is also presented. Austerity  measures in the U.S. are already being discussed.
A link to an article identifying the IMF and the World Bank (operatives of Wall Street) as the largest sources of world poverty should be of interest. The IMF and World Bank rely upon the CIA to impose their exploitation upon indigenous citizens. Ref. KILLING HOPE by William Blum; CONFESSION OF an      ECONOMIC HIT MAN by John Perkins.

That the CIA is the operating arm of the Council on Foreign Relations (CFR) should be obvious. The     government has no financial gain from the above mentioned exploitation.  Numerous nefarious acts of the CIA operating against the best interests of  the U.S. including war-mongering and assassination have been alleged. The U.S. military is used to squelch any resistance. 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.

I’m afraid the prognosis is terminal

4 Comments

 Gary Jacobucci/PPJ contributor

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When considering ‘government’ it could be pointed out that the Federal Reserve and Dept. of Homeland Security are not our government.

They are like two diseases that have entered our body and made us sick.

Some doctors might diagnose these as NGOs – non-governmental organizations – but these are foreign diseases.

Like a vaccination that has given us a brain tumor and degenerative heart disease.

“Here, take this, it will keep you from getting sick” and then giving us the disease we were told it would prevent. 

I’ve been listening to the opening of the Alex Jones Show in the evening lately. Most nights he’s bouncing off the walls and I won’t listen for long, but he was reflective yesterday and mentioned something that I’ve been on my mind the last week or so.

After going over several examples of how blatant the lies and criminality has become, he said… “I’ll read you some headlines when we get back, but at a certain point… what is the point – like trying to convince people… “Hey man, the government’s out of control, it really is, don’t you want to be free? It’s so creepy to have these killers over us – and it’s so obvious what they’re doing that it should be easy to bring them down.”  More

The Debt Deal Con: Is It Fooling Anyone?

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Alt-Markets.com

Brandon Smith

Alternative economic analysis brings with it a certain number of advantages and insights, but also many uncomfortable burdens. Honest financial research is a discipline. It requires us to not only understand the fundamentals, but to question the fundamentals. It requires us to look beyond what we would LIKE to see in the economy, and accept the reality of what is actually there. With this methodology comes the difficulty of knowing the dangers ahead while the mainstream stumbles about well behind the curve. It means constantly having to qualify one’s conclusions, no matter how factual, because the skeptics and opposition base their views on an entirely different set of rules; farcical rules that no longer (or never did) apply to the true state of our country’s fiscal health.

After a while, you begin to expect that a majority of the public will buy into any number of government or Federal Reserve con games and swindles as the process of full spectrum collapse rolls onward. However, this expectation is not always accurate…

A majority of Americans were against the bailouts, TARP, quantitative easing, the “too big to fail” concept, etc. Sometimes a government action is so fraudulent that even those who aren’t educated on the specifics can smell the grift in play. The recent debt ceiling debate and resulting debt deal are fuming with the hot stench of predigested disinformation, so much so that no one seems to be happy with it, even people who a month ago were begging for it. When you have to parade around a hobbled shooting victim in order to get any applause for your legislation, then you may be in trouble…

Though their reasons and motivations vary, everyone, whether on the so called “Left”, or the so called “Right”, is asking “Was anything really accomplished here?” The question is a valid one. To discern the exact nature of the debt deal, we must first cut through the web of misconceptions that surround it. While no American is satisfied with the final plan, many are disenchanted for the wrong reasons. Let’s clear the fog (or light a match), as it were…

Where Are The Spending Cuts?  READ MORE

http://www.alt-market.com/articles/208-the-debt-deal-con-is-it-fooling-anyone

Not All Traditions Are A Bad Thing Mr. Bernanke

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Why is Gold Important to the World’s Economy?

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Copyright © 2011 by W. R. McAfee.  All Rights Reserved

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“No,  they’ve been outed; just like Internet outed the global warmers who were set to run a global CO2 tax scam to siphon wealth for The Chosen again.  The crooks in Washington, unable to get congress to pass such a scheme, are currently trying to force it upon the American public with unconstitutional EPA “regulations” and “laws.”

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Hugo Salinas Price Counts the Ways in His Classic Article

Hugo Salinas Price’s article that compares the gold standard and the creation and preservation of jobs and local production versus a fiat world reserve currency system dominated by one country that uprooted jobs, destroyed local production, and caused devastating trade imbalances is a must read for anyone who wants to understand how the world got to where it is economically.

His article is an accurate picture of how a small group of international bankers control the majority of the world’s wealth from The City —a square mile financial center in the middle of London where money and global economies are manipulated for profit and control—and the Bank of International Settlements (BIS) in Basil, Switzerland, which funds The City’s central banks that print and control national currencies in strategic countries throughout the world, including the U.S.. 

Both The City and the BIS are sovereign “countries” with their own “laws” and police forces—answerable to no one and no nation. 

Both are controlled and owned by the same bankers.

The City’s bankers have the knowledge, financial expertise, experience, and trillions to orchestrate—as they have been doing for decades—the big monetary picture that unfolds in Price’s article. More

IEA Oil Dump A Disaster In The Making

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Alt-Market.com

Brandon Smith

 

It’s amazing. In the wake of the 2008 derivatives and housing bubble collapse, created by the U.S. Treasury and the private Federal Reserve with engineered low interest rates and easy money designed to artificially pump up the economy after the effects of the dot-com bust, the faltering markets of 2000-2001, and the rapidly depreciating dollar, we have now seen these same entities pour Trillions, yes, TRILLIONS in fiat injections into every conceivable corner of the markets. They have spent incredible sums on toxic equities (worthless equities, and don’t let anyone tell you different) to “ease” the debt spiral, they have propped up almost every large international bank, they have propped up the Federal Government and the Dollar itself with sizable purchases of our own Treasury debt, and, they have even thrown money into the pockets of foreign institutions and corporate beggars. Keep in mind, that all the debt that these actions generate is eventually placed squarely in the lap of one group of people; the American Taxpayer!

They have manipulated unemployment figures. They have consistently released completely fraudulent CPI (inflation) figures based on calculations which neglect numerous factors that used to be counted only two decades ago. They have used coordinated naked short selling in precious metals markets to hold back the natural spikes in gold and silver values. They have blamed every negative development in the economy (that they could not hide) on extraneous circumstances and outside culprits rather than themselves. They have done all this, to conjure the illusion of recovery for an increasingly agitated general public.

So much tap dancing and snake oil selling, and all it took, was the pain of $4 a gallon gas to wipe everything away…Read more

America Will Not Survive Without Alternative Markets

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Friday, 27 May 2011 00:24 Brandon Smith

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 They’ll call them “black markets”, they’ll call it an undermining of the dollar, they’ll even call it terrorism, but the fact remains, life, and thus trade, must go on. If the globalist based economy does not provide an environment that facilitates free trade, or tries to dominate trade as a method of social control, then alternative markets are going to arise.

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ALT-MARKET.com

Commerce is the lifeblood of a nation. Without the free flow of trade, without financial adaptability, without intuitive markets driven by the natural currents of supply, demand, and innovation, cultures stagnate, countries whither, and one generation after the next finds itself deeper in the somber doldrums of economic disintegration. In an environment of transparency, honesty, and the absence of monopoly (government or corporate), on the rare occasions in history that these conditions are actually present in one place at one time, we often see an explosion of prosperity and true wealth creation. When local, decentralized markets are given precedence over subversive elitist leviathans like mercantilism or globalism, a wellspring of abundance bursts forward. Free people, building true free markets that serve the specific needs of individual communities and insulating the overall economy from systemic collapse; this has always been the wave of the future. Not “integration”, “harmonization”, or some fantastical nonsensical “global village” administrated by a faceless unaccountable transnational entity like the IMF, infested with sociopathic maid raping euro-trolls.

Unfortunately, average Americans today have grown far too accustomed to having their commerce, and thus their livelihoods, micromanaged for them. Most cities and states in this country today are entirely dependent on corporate infrastructure or federal funding for ready employment and steady incomes. Most people have never even considered life without the Dollar; a highly flawed and unstable fiat currency. They exist enslaved, without any means to carry on even the most remedial exchanges in the event that the worthless paper notes finally hyperinflate into oblivion. Most Americans have never even imagined where they might obtain food or other goods if grocery chains were to shut down for more than a week; a very likely scenario considering the extent to which such businesses are indebted, not to mention the effects of destructive price increases due to inflation in commodities and freight rates. The bottom line is, if the daily fiscal life of the average American were to deviate from today’s norm even slightly, the results would be devastating. There is no flexibility in our current system. All is rigid and fragile. There is no backup plan. 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!

18 Comments

“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

Is Your Favorite Charity Infiltrated?

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MORPHCITY

By Cassandra Anderson
March 8, 2011

Before you write a check, sign a petition or declare your unwavering support for foundations or “nonprofit” organizations (NPOs), you may wish to investigate their agendas by using this step-by-step guide. Many large foundations and nonprofit organizations have destructive agendas in opposition to public interest or they receive funding from dubious sources and may be unduly influenced.


Lawyer and former tax expert, Michael Shaw now President of FreedomAdvocates.org says, “Foundations, Non Governmental Organizations and non-profits are generally exempt from income taxes. They have been arranged from the beginning to promote globalism and today this is accomplished through the implementation of Agenda 21. The creation of the Federal Reserve coupled with the adoption of the income tax in 1913 provided the one world elite opportunity to avoid taxes through the formation of Foundations and other tax exempts. This was key to creating the financing system that has promoted globalism and which now threatens us all with world tyranny.”

There are 1.6 million so-called nonprofit 501(c)3 organizations in the US. Nonprofits are misnamed and are anything but not-for-profit; a more accurate description is that they are TAX EXEMPT organizations. This article will explore two major types of tax exempt organizations:

  • Foundations- these are the grantors and they are required to donate 5% of their assets each year to charitable organizations. They enjoy enormous tax breaks from the federal government and pay no income tax, no corporate tax and no capital gains tax. States and local governments may also exempt them from property and sales taxation. Some powerful foundations are extremely influential in setting political policies and making laws that benefit their enterprises and pass the cost onto taxpayers.

  • Nonprofit Organizations or NPOs also enjoy the same tax exemptions as foundations (no income, corporate or capital gains taxes). NPOs are structured like a business and seek grants from foundations, government subsidies and corporate and private donations. They do pursue profits. More

THE FEDERAL RESERVE SCREWS THE AMERICAN PEOPLE AGAIN!

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John Wallace (c)copyright 2011 All Rights Reserved 

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“The Federal Reserve’s recent actions in flooding the world with new dollars and most recently using accounting trickery to make the American taxpayers responsible for any bad investments they make, is surely cause for immediate action by our new congress.”

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On January 6th, the international Banksters at the private Federal Reserve screwed the American people again and not too many people noticed. It seems that the Banksters became concerned that the Fed might suffer some monetary losses if the value of their massive amount of bond holdings were to decrease. So what did they decide to do? More

The Debt Ceiling : 71 Days

2 Comments

Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED



At the end of the month or year, many of us must look at our individual budgets and sigh. Again due to rising food, fuel, tax increases, or just the general cost of surviving we must “create” more money. We comb through the tangible assets we have and determine which are essential for our continued effort to stay afloat as it were. Maybe Grandma’s silver Tea Pot goes up on EBay, those books one would never part with go on Amazon, and Craigslist becomes our second job.

We cut expenses.

Instead of driving through the inevitable “easy” meal of fast food – we learn that Mac N Cheese from a box isn’t so difficult.

Department Stores become a thing of the past as we comb through second-hand shops to find a “retro” outfit or learn to hem and modify what we have.

Maybe we consider putting in a Garden instead of stopping by the produce department for our thrice weekly sales. More

The Consumer Price Index Never Lies…It Just Doesn’t Include All Pertinent Data.

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Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

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I like smart people.

Most of my friends I think are, of course, smart people.

These are people from coast to coast, border to border. Now by smart I don’t mean “I chose not to join MENSA because it bores me” kind of folks, but people who hold an average job doing average things getting by with average salaries while living pretty average lives. I guess we are kinda boring and that works for us. I think in a way “we” represent a cross-section of Americans. There really isn’t a common thread among us of race, economic status, or political ideology. We have just sorta’ developed over the years into a loose circle of communicators.

So when I talk with these people, my first question over the past three years or so has been “I hear the economy is improving – what is it like where you are?”. 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

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

10 Comments

 

 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

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

Nationalized retirement accounts: The coming confiscation of the retirement savings of the middle class

23 Comments

Marti Oakley (c)coyright 2010 All Rights Reserved

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Having spent the last ten years, minimally, spending without conscience or concern, the federal government has hit the wall; no one wants to buy our Treasury bonds used to finance the national debt.  As one bill after another comes out of congress giving the government and its corporate buddies control of everything from our water and land to our food and health, it comes as no surprise that the final act of redistribution of wealth to the already wealthy, is, the forced conversion of private retirement investments into nationalized retirement accounts which are nothing less than the confiscation of wealth from the middle class to pay the debt run up by one congress and president after another.

Obama Administration begins the “grab” for retirement accounts

S 3760, introduced August 5 by Jeff Bingaman (D-N.M.) and John Kerry (D-Mass.) would require that employers of workers currently not covered by any retirement program pay 3% of compensation into mandatory, automatic IRA accounts.  That would also have the effect of increasing the assets that the US government could then seize.

This is the Republican privatization of Social Security scheme trotted out during the Bush years, retooled and now focused on the private savings of the middle class.  Now, instead of forcing you to invest any portion of your Social Security retirement in the stock market, a move which would have seen one of the greatest thefts of wealth and its redistribution to the crooks and thieves on Wall Street had they been successful, the Democrat faction has taken up the cause of confiscating private investment accounts to fund the rampant overspending of government using retirement savings of those who were able to contribute to 401(k) and IRA accounts and who have savings in private pension funds.  More

BRAIN WASHED AMERICANS

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Live Link: Republic Defiance

by: Wally Paul

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Brainwashing in American culture is a mixture of those things that we are downloaded with on a daily basis that are not true or even absurd. For example it is absurd to believe that it is helpful and good to give all one day old infants an extremely dangerous and poisonous vaccine for hepatitis B (which is a sexually transmitted disease).  Yet people make this  decision daily with no more thought than what they might watch on television. The belief in this absurd and evil practice is a norm created by the masters of propaganda.

If you refuse this shot, the nurse will freak out, and every pressure imaginable will be placed on you to inject your innocent little baby. Mass mind manipulation is achieved by creating a norm within the society and no matter how crazy it is, those who choose to defy the norm will be considered crazy by the larger mass of people. For years it was considered a norm in America to believe that we were a free and sovereign nation, so strong that our bonds of liberty and self-reliance could never be broken. This was an established norm. If you were to speak of a one world government you were called a kook. When the reality is we have been under the control of a one world government and its many technocrats for many, many years. 

Bin Laden was the master mind responsible for 9/11. We all know that norm to be true. We were being downloaded with this information minutes after the airplanes crashed into the twin towers. I did not even hear about the attacks until noon that day. A co-worker told me only three hours after the attacks that Bin Laden and al-Qaeda had flown planes into the world trade center buildings. This message has been repeated in mockingbird fashion ever since that horrible day. It is now the established norm and if you think differently you are a tin foil hatter and need to be locked up for your extreme radical thinking.

The FBI’s “Most Wanted Terrorist” webpage on “Usama bin Laden” does not list the 9/11 attacks as one of the crimes for which he is wanted. It does list bombings in Dar es Salaam, Tanzania, and Nairobi as terrorist acts for which he is wanted.

The war hawk talking heads still squawk into their microphones, “If we don’t get Bin Laden and al-Qaeda over there they will get us here”  Even though there is no evidence that Bin Laden was involved with 9/11 or that he is even still alive. There is no evidence that al-Qaeda exists as an independent enemy of the United States of America. Al-Qaeda is the bad guy is an established norm. If you think al-Qaeda does not exist you are a kook. All of the brainwashed (I mean normal) people know al-Qaeda is a ferocious enemy. It does exist as a privatized military force of the C.I.A., a secretive for hire military force: a corporate army. Television and education combine to create the norms for the contemporary American consciousness, based on, and built up out of , non-reality. The textbook definition of brainwashing is to be tricked into believing that an unreal reality is the actual reality. 

Some of the norms established by brainwashing techniques include: vaccines are good for you, flu shots are terrific and wonderful; mercury is really good for you; fluoride is just essential for your children’s’ drinking  water. Carbon dioxide is bad for you and bad for our environment, i.e. plants. Global Warming is real. Al Gore is intelligent and really cares about us and our environment. There is no Bilderberg, CFR, and the Trilateral Commission is an all-American group of altruistic thinkers working toward our best interest. The government prints money out of thin air. No, the Federal Reserve, which is an off shore corporation prints money out of thin air, then lends it to the government (i.e. us the taxpayers) and charges us interest on the money that never existed. (Best scam going). Other norms include: the Patriot act is Patriotic. Gun control is what our second amendment is all about. Free speech is good if measured with political correctness. Food Safety in legislation will improve your health.The number one norm; there is no Secret government with an evil eugenics agenda. More

I Am A New World Order Minion

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We used the Hegelian Dialectic of problem, reaction, solution when we, acting as the controlled opposition, put out the very clever film “Food Inc”.

By: Wally Paul

 

Republic Defiance

You can be like me and others who love the New World Order. We have spent years and years watching television for our daily downloads. We enjoy the fluoride in our water and the mercury in our vaccines. We eat genetically modified food. Many of our kids have autism. This makes them very special.

We like to take our orders from the control freaks in Washington. They love us and just like parents, they always know what is best for their little sheep. We love our rulers who attend meetings at the Council on Foreign Relations and Bilderberg. We love being world citizens and worshiping the earth. Carbon Dioxide is very bad and must be destroyed. We love Al Gore. I call him Papa Gore. “Yes Carbon Dioxide is really bad for you son,” he said to me with a wise smile. I think he will be President of the new World Government.

We do not like anyone to protest our government authorities. Protesters should always be tased and arrested – or perhaps kidnapped by the military. Even our children should be policed. Learning what our rulers want us to say and repeating it, is our freedom of speech. You are not free to say hurtful things. Hate speech is a form of free speech and must be deterred in the New World Order.

We understand that for our safety and to protect mother earth from our wickedness we must have regular home inspections. Allowing others to control and tax you is freedom. 

Naked body scanners are also important for the safety of our proud nation and her proud people. Regular injections of mercury and cancer viruses are very unobtrusive and will lead us on our path of sustainability. Soon it will be our patriotic duty to implant the brain chip in all great Americans. The New World Order says the mark of the beast is good. More

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