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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

FEDERAL RESERVE HIDES PROFITS FROM INFLATION

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 “Olde Reb”/ PPJ contributor

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

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

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

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

COALITION FOR A PROSPEROUS AMERICA

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WRITTEN TESTIMONY OF

COALITION FOR A PROSPEROUS AMERICA

BEFORE THE UNITED STATES HOUSE OF REPRESENTATIVES

COMMITTEE ON WAYS AND MEANS

HEARING ON THE EXCHANGE RATE POLICY OF THE GOVERNMENT OF THE PEOPLE?S REPUBLIC OF CHINA, AND ITS IMPACT ON THE U. S. AND GLOBAL ECONOMIES

HEARING DATE MARCH 24, 2010

Thank you Chairman Levin, and members of the House Committee on Ways and Means, for allowing the Coalition for a Prosperous America to present this written testimony to you.  We respectfully request that this written testimony be accepted into the written record for this hearing.

SUMMARY OF TESTIMONY:

The Coalition for a Prosperous America, and its members, support neutralizing the persistent undervaluation of the Chinese renminbi through countervailing duties and/or anti-dumping duties.  This can best be accomplished through passage of the Currency Reform for Fair Trade Act of 2009 (H.R. 2378).  There is wide agreement that China persistently undervalues its currency and that the impact is a mercantilist one, not a free-trade result.  The quantity of undervaluation is anywhere from 25 to 50 percent, a range that is agreed upon widely.  This currency manipulation has in large part been an underlying cause of the Great Recession. 

The volume of manufacturing and jobs off shored because of this unfair trade tactic has been devastating.  As Treasury Secretary Geithner has argued, we cannot grow GDP without correcting this problem.  Diplomacy and negotiation have been tried for several years, reached the upper levels with President Obama’s November 2009 visit to China, and failed.  Enforcement of international norms, which disallow such undervaluation, is necessary.  The U.S. House should pass the Currency Reform for Fair Trade Act for 2009 (HR 2378) to neutralize this currency advantage and return to free and fair trade.  Passage of HR 2378 is the most significant jobs creation and economic growth action that this body can take.

BACKGROUND OF CPA: More

SO YOU THINK THE UNITED STATES STILL HAS A TREASURY?

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Live Link: atgpress.com

by: A Disgusted Informer

The article you are about to read with the document, is what I had said in *Going After the Wrong People* on atgpress, that there is no Secretary of the Treasury of the US . This is the actual document abolishing the real US Treasury in 1921.

This also proves the Secretary was to transfer to the TREASURER many functions of the Treasury.

The only thing that exists today is A DEPARTMENT of TREASURY, which IS NOT a Treasury. See Black’s Law 5th Ed page 393 for DEPARTMENT and Websters 1828 dictionary says.

DEPARTMENT (1) Literally: a separation or division; hence a separate part, or portion;

(2) A separate allotment or part of a business.

IRS is only a private corporate entity as listed on Manta and Dun & Bradstreet as the IRS. If you want to write to the Treasury that no longer exists, as you think it should be, try writing to the Federal Reserve as it is now the fiscal agent of the United States A.K.A. Congress when assembled.

Fits right in with the government being a private corporation and the Department is not a treasury any longer just called a department of treasury when there is no treasury. More

Treasury Secretary does not work for the United States

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By: Marti Oakley (c) copyright 2009- 2010 All RIGHTS RESERVED

 

 See also: Where is that illusive US treasury? Can you say Puerto Rico?

 

The appointment of a Secretary of the Treasury is just that, an appointment to a position which is NOT a cabinet position in any administration.  The S.o.T. is the [governor] appointed to the World Bank, International Monetary Fund (IMF).  He is not an officer of the United States, is not a cabinet member and does not represent the interests of the United States.  His position is as liaison between the federal government and the IMF.  His obligation is to the IMF, not to the United States.  The secretary of the Treasury is not sworn into office as cabinet members are, and take no oaths to the United States. 

 

Just today, the subcommittee hearings on AIG and how the bailouts had been constructed, were held.  Repeatedly, Geithner uses the term “your government” when responding to questions from committee members.  He never says “our government” or “the government”.  Geithner uses the term “your government” to distinguish himself as an employee of the IMF/World Bank, and to make clear that he is NOT a cabinet member working on behalf of the US government.  Geithner repeatedly alludes to the central bank which is neither a US agency or organization but rather a privately owned and regulated banking cartel.    

 

How many of you sitting out there actually believe there is a US bank account somewhere in this country containing tax deposits from workers, and funds generated by all the businesses the federal government unconstitutionally engages in, or any of the other contrived sources of income that comprise the revenues of the federal government?

 

I have news for you; there isn’t any such account.  All funds collected including our tax dollars are deposited in the World Bank and administered by the International Monetary Fund. 

 

The Federal Reserve Act of 1913 abolished the United States treasury, ended the cabinet position and created the IMF governorships.  Each country being a member of the IMF has its own governor.  When Timothy Geithner or Henry Paulson speak of the G-8, or the G-20, they are speaking of the meetings of governors whose purpose it is to determine what plan or action would benefit the IMF, not the countries involved.  Their purpose of meeting is not to act to benefit the countries represented, but rather to act to protect the interests of the IMF.

 

The IMF and World Bank are also the issuers of all government checks some of which still bear the name U.S. Treasury.  Most checks emanating from government no longer even pretend to come from this fictional U.S. Bank account.

 

  • In addition, every Social Security number is issued by the IMF, not the federal government operating as the Social Security Administration.
  • Every birth certificate with registration number is originated from and  registered with the IMF/World Bank
  • Every Veterans award
  • All military pay
  • All government paychecks
  • All payments of any kind emanating from the Federal government are paid through the IMF/World Bank.

 

The careful depositing of the term [central bank] will occur more frequently as a matter of psychological conditioning as we are forced into a privately owned, world wide banking system.  Once this is forced on us, the demise of the Federal Reserve will follow as it is absorbed into the one world, bank and its existence is no longer needed to facilitate the manipulation of debt and economies as that function will now be openly orchestrated by the central bank.  

 

The World Bank and IMF are expansions of the Federal Reserve central banking system.  Paulson, and now Geithner openly allude to the [central bank], a term which should frighten even the most apathetic among us.  In the past no one directly mentioned the connection to the World Bank, but as economies around the world have been intentionally imploded in order to pave the way for acceptance of a world wide central banking system the term is used openly; that way you’ll get used to it and won’t go into rebellious shock when your dollars are converted to toilet paper. 

 

 

 

The Truth behind the Citigroup Bank “Nationalization”

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http://www.informationclearinghouse.info/article21318.htm

Colossal Financial Collapse

The Truth behind the Citigroup Bank “Nationalization”

By F. William Engdahl  (excerpted from the article)

On Friday November 21, the world came within a hair’s breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be ‘too big to fail.’

November 25, 2008 “Global Research” — The clumsy way in which US Treasury Secretary Henry Paulson, himself not a banker but a Wall Street ‘investment banker’, whose experience has been in the quite different world of buying and selling stocks or bonds or underwriting and selling same, has handled the unfolding crisis has been worse than incompetent. It has made a grave situation into a globally alarming one.

‘Spitting into the wind’

A case in point is the secretive manner in which Paulson has used the $700 billion in taxpayer funds voted him by a labile Congress in September. Early on, Paulson put $125 billion in the nine largest banks, including $10 billion for his old firm, Goldman Sachs. However, if we compare the value of the equity share that $125 billion bought with the market price of those banks’ stock, US taxpayers have paid $125 billion for bank stock that a private investor could have bought for $62.5 billion, according to a detailed analysis from Ron W. Bloom, economist with the US United Steelworkers union, whose members as well as pension fund face devastating losses were GM to fail.

That means half of the public’s money was a gift to Paulson’s Wall Street cronies. Now, only weeks later, the Treasury is forced to intervene to de facto nationalize Citigroup. It won’t be the last.

Paulson demanded, and got from a labile US Congress, Democrat as well as Republican, sole discretion over how and where he can invest the $700 billion, to date with no effective oversight. It amounts to the Treasury Secretary in effect ‘spitting into the wind’ in terms of resolving the fundamental crisis.(end excerpt)

 http://www.informationclearinghouse.info/article21318.htm

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Also: William Engdahl’s book “Seeds of Destruction” is available under [Recommended Reading] in our links.

A [Force Majeure] and De-monitizing the dollar

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Marti Oakley (c)copyright 2008  All Rights Resevered

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The use of force rather than a political or diplomatic solution in any government situation is referred to as a [force majeure] literally meaning to force the implementation of a plan or to interfere in a situation without first attempting to secure a resolution by other means.

 

In this case, [force majeure] would be a declaration by the treasury and the administration that [The United States] could not, and would not honor its debts.

 

The recent collapse of the financial markets not only here, but also around the world in every major country (excluding Israel which seemed not to be affected) was no accident.  Not only did we suffer the indignity of being held responsible to bailout the corrupt corporate robber barons, so did the working classes around the globe.  In each and every country, including ours, billions were paid in the bailouts to the very same individuals who ran these companies and markets into the ground.  Only Iceland refused to force its citizenry to finance the corruption.

 

It isn’t over yet.  Two more things are about to happen although probably not until after the new president here is sworn in January of 2009.

 

Russian President Putin is supporting British Prime Minister Gordon Brown in his call for a new Bretton Woods II summit.  The focus of this meeting would be international finance with the intent of establishing a world currency.  Leaders of several dozens of countries have been contacted and asked to attend this meeting. More

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