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

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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

The Purpose Behind Engineered Economic Collapse

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The Purpose Behind Engineered Economic Collapse

Live Link: Neithercorp

By Giordano Bruno

Neithercorp Press – 08/17/2010      

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 “This response often comes from people who make presumptions on economics, rather than actually educating themselves on how the system works. From the outside looking in, the world of finance appears chaotic; a mixture of mathematical and legal standards swirling in a void of mass psychology. Many Americans are either frightened off by the seemingly complicated field of study, or they find it rather boring and not worth their time. This, however, does not stop them from assuming that they know how money works.”

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“From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913

Everyone loves money. Even people like myself who abhor the abuse of money and commerce, who understand the fraudulent nature of the system we live in, still work hard and save so that we might attain a sense of stability within that system. Many people see money as a focal point to their existence. But is it really money that they are after, or is it something else entirely? In truth, money represents ‘security’ in the minds of the masses. Money affords us the ability to survive, and the more of it we have, the safer we all feel. Because we subconsciously associate the extension of our very life with the variable health of the economic structure in which we live, we tend to become unwitting devotees to its continued existence, even if it is corrupt and condemned to failure. We gullibly deny the system or the currency that supports it is doomed to the contrary of all evidence because, even though it has beaten us bloody, we have never known anything else. More

The shearing is nearing: The international bankers have taken most of everything

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Op-Ed: James P. Harvey

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Over the last one hundred and fifty years, the international bankers have only failed to do one thing, and that’s cover their tracks. The evidence of their covert control of nations is scattered all over the world, and now, they openly brag about it.

While they systematically gained control of nation’s governments through their manipulative currency and commodity control, then wars and inflation, we watched like a sheep about to be sheared, or a cow to be milked. Soon you will see people stand hypnotized like a rodent about to be struck by a cobra.

In the interim, the people keep on voting the scumbag politicians into positions of power, and they keep on passing laws that rob us of our freedom, property, and future.

So keep on voting for your favorite savior to do the bidding of their masters, and keep on hating and cursing the other party members. You deserve everything you’re going to get, and I’ll be writing about the great rodents roast.

The bankers must surely have found some way to protect their ribs from breaking, due to their uncontrollable laughter. I can just picture them in my mind, rolling on the floor, screaming with glee.

James P. Harvey

They Own It all…including you

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This is most likely one of the most important books you will ever read about admiralty law, fiat currency, and the loss of your rights.  We highly recommend it.

Short interview with authors on Income Tax

Author’s web site: The New People Order

Did you know:
1. You are legally a debtor and chattel (property) owned by a hidden creditor.

2. There is a hidden lien on everything transacted for by or with a Federal Reserve Note.

3. Your entire alleged wealth is/has been liened, you don’t own anything! You merely have possession by privilege. This privilege may be yanked at any time if you don’t obey the real owner. More

Denver Mint printing the Amero?

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Does anyone have any additional information on this?  IF Amero coins have ben shipped to China, when will they appear in circulation? 

URGENT *** NEW “AMERO” PAPER CURRENCY EXPOSED!

http://halturnershow.blogspot.com/2008/12/urgent-new-amero-paper-currency-exposed.html

North Bergen, NJ — To the chagrin of the government, I have obtained new “AMERO” paper currency notes! You know, the “AMERO” . . . . the new currency that is going to replace the US Dollar, The Canadian Dollar and the Mexican Peso? Yea, the new currency that all three governments claim doesn’t exist. . . . I have it. Here’s what a 50 Amero note looks like:

In September, 2007 – over a full year ago – I first broke the story about AMEROcoinsbeing minted secretly at the Denver Mint. After that story ran, the Denver Mint announced on its web site that they were closing public tours of the Mint for 10 – 14 days in order to make renovations to the tourist area of the mint.

My sources inside the Mint, however, reported Treasury officials were outraged that someone had leaked info about the AMERO to me and they closed the Denver Mint to the public so as to secretly move the AMEROS out of the Mint to prevent further leaks.

In October, 2008, I received word that the U.S. government shipped 800 Billion AMEROS to the China development bank. I did a story on that (here) and obtained an actual AMERO coin from that shipment!

I placed a video of the coin on YouTube, showing the coin and explaining that there is a deliberate effort underway at the highest levels of our government to intentionally exhaust the dollar as a currency. Over 600,000 people worldwide watched that video.

Two days ago, YouTube/Google notified me that my video had been deleted and my account permanently closed at the request of the United States Treasury Department. The Treasury department told YouTube/Google that my video was “destabilizing the U.S. Dollar and was thus a threat to national security.”

Here we are, just two days later and my sources have once again come through; this time with proof the government is secretly printing new AMEROpapercurrency.

Not only do I have the 50 AMERO note, give look at the 20 and 100 AMERO notes below!

Not a single American citizen has been officially asked if they want a new currency. Not a single member of Congress has voted on authorizing a new currency. Yet a new currency is already being printed and quietly distributed around the world. This is being done without the consent of the American people, without a vote by Congress and has been intentionally covered up by every official who has been questioned about it.

The REASON they are creating a new currency has to do with how they plan to get rid of our national debt. On October 16, 2008, the “Global-Europe Anticipation Bulletin” told its subscribers that the present U.S. Dollar will be demonetized (it won’t be “money” anymore) and a new currency imposed. “Old dollars” will be devalued by ninety percent (90%).

Think about that for a moment. A 90% devaluation. That means checking accounts, savings accounts, IRA’s 401-K’s, Pension plans, Certificates of Deposit. . . . are all worth ninety percent LESS than previously.

This AMERO currency will allow the government to literally grab 90% of all our life savings and owe 90% less than they presently do in one fell swoop! They get out of debt and the rest of us are left totally destitute. Broke. Busted. Poor. Helpless.

I believe the people perpetrating this secret currency change are in for personal visits of a violent nature. I think there are folks out here in real America who will not take kindly to having been deliberately lied-to.

I believe my fellow Americans might — just might — decide it is time to . . . . . “discipline”. . . . . the public officials who have undertaken this outrage without our consent.

It’s a tough thing to have to physically discipline a mis-behaving adult, but I say now, I’m up for doing just that.

There are officials in this country who deserve to get the shit kicked out of them and I really look forward to having the chance to do it. If they think their puny little Federal Reserve Police force can do anything about it, they’re sadly mistaken.

PLEASE SPREAD THE WORD ABOUT THIS IMMEDIATELY.If they are already printing paper currency, the destruction of the US dollar cannot be far away. We are ALL in grave danger of losing our life savings to this currency scam………….

Ron Paul on ending the Federal Reserve

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The Austrians Were Right


                                              by Congressman Ron Paul

Congressman Ron Paul speaking before the U.S. House of Representatives.

November 20, 2008

PLEASE FORWARD


Madame Speaker, many Americans are hoping the new administration will solve the economic problems we face. That’s not likely to happen, because the economic advisors to the new President have no more understanding of how to get us out of this mess than previous administrations and Congresses understood how the crisis was brought about in the first place.
economics. For the last 80 years, the legislative, judiciary and executive branches of our government have been totally influenced by Keynesian economics. If they had had any understanding of the Austrian economic explanation of the business cycle, they would have never permitted the dangerous bubbles that always lead to painful corrections.
At least 90% of the cause for the financial crisis can be laid at the doorstep of the Federal Reserve. It is the manipulation of credit, the money supply, and interest rates that caused the various bubbles to form. Congress added fuel to the fire by various programs and institutions like the Community Reinvestment Act, Fannie Mae and Freddie Mac, FDIC, and HUD mandates, which were all backed up by aggressive court rulings.
It is unimaginable that Congress could be so derelict in its duty. It does nothing but condone the arrogance of the Fed in its refusal to tell us where the $2 trillion has gone. All Members of Congress and all Americans should be outraged that conditions could deteriorate to this degree. It’s no wonder that a large and growing number of Americans are now demanding an end to the Fed.

The Federal Reserve created our problem, yet it manages to gain even more power in the socialization of the entire financial system. The whole bailout process this past year was characterized by no oversight, no limits, no concerns, no understanding, and no common sense.
All the programs since the Depression were meant to prevent recessions and depressions. Yet all that was done was to plant the seeds of the greatest financial bubble in all history. Because of this lack of understanding, the stage is now set for massive nationalization of the financial system and quite likely the means of production.

Although it is obvious that the Keynesians were all wrong and interventionism and central economic planning don’t work, whom are we listening to for advice on getting us out of this mess?
Unfortunately, it’s the Keynesians, the socialists, and big-government proponents.

Who’s being ignored? The Austrian free-market economists – the very ones who predicted not only the Great Depression, but the calamity we’re dealing with today. If the crisis was predictable and is explainable, why did no one listen? It’s because too many politicians believed that a free lunch was possible and a new economic paradigm had arrived. But we’ve heard that one before –like the philosopher’ s stone that could turn lead into gold. Prosperity without work is a dream of the ages.

Except for a rare few, Members of Congress are unaware of Austrian Free Market

Today, a major economic crisis is unfolding. New government programs are started daily, and future plans are being made for even more. All are based on the belief that we’re in this mess because free-market capitalism and sound money failed. The obsession is with more spending, bailouts of bad investments, more debt, and further dollar debasement. Many are saying we need an international answer to our problems with the establishment of a world central bank and a single fiat reserve currency. These suggestions are merely more of the same policies that created our mess and are doomed to fail.

The Fed has now doled out close to $2 trillion in subsidized loans to troubled banks and other financial institutions. The Federal Reserve and Treasury constantly brag about the need for “transparency” and “oversight,” but it’s all just talk – they want none of it. They want secrecy while the privileged are rescued at the expense of the middle class.

Similar mistakes were made in the 1930s and ushered in the age of the New Deal, the Fair Deal, the Great Society and the supply-siders who convinced conservatives that deficits didn’t really matter after all, since they were anxious to finance a very expensive deficit-financed American empire.

 


Over and above this are those who understand that political power is controlled by those who control the money supply. Liberals and conservatives, Republicans and Democrats came to believe, as they were taught in our universities, that deficits don’t matter and that Federal Reserve accommodation by monetizing debt is legitimate and never harmful. The truth is otherwise. Central economic planning is always harmful. Inflating the money supply and purposely devaluing the dollar is always painful and dangerous.payment. Raising taxes would reveal the true cost of big government, and the people would revolt. But the piper will be paid, and that’s what this crisis is all about.If it goes too far and the wild extravagance is not arrested, runaway inflation will result, and an entirely new currency will be required to restore growth and reasonable political stability.

The choice we face is ominous: We either accept world-wide authoritarian government holding together a flawed system, OR we restore the principles of the Constitution, limit government power, restore commodity money without a Federal Reserve system, reject world government, and promote the cause of peace by protecting liberty equally for all persons. Freedom is the answer.

The policies of big-government proponents are running out of steam. Their policies have failed and will continue to fail. Merely doing more of what caused the crisis can hardly provide a solution.

The good news is that Austrian economists are gaining more acceptance every day and have a greater chance of influencing our future than they’ve had for a long time.

The basic problem is that proponents of big government require a central bank in order to surreptitiously pay bills without direct taxation. Printing needed money delays the

There are limits. A country cannot forever depend on a central bank to keep the economy afloat and the currency functionable through constant acceleration of money supply growth. Eventually the laws of economics will overrule the politicians, the bureaucrats and the central bankers. The system will fail to respond unless the excess debt and mal-investment is liquidated.


Ron Paul


PLEASE WAKE THE HELL UP AMERICA!

 

Repealing the Federal Reserve Act

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The biggest threat to our sovereign nation, to the very survival of our country is the Federal Reserve system.  The bill listed below was written By congressman Ron Paul.  It effectively ends the secretive and unconstitutional [central bank].  It would also end the fiat currency we call the US dollar and return the coining of money to congress, where it belongs.  The text of the bill is provided by opencongress.org. 

 

http://www.opencongress.org/bill/110-h2755/text

 

HR 2755 IH

110th CONGRESS

1st Session

H. R. 2755

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

June 15, 2007

Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Federal Reserve Board Abolition Act’.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.

(c) Disposition of Affairs-

(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System–

(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks–

(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and

(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and

(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.

(2) LIQUIDATION OF ASSETS-

(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.

(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.

 

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