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

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 John Wallace

LIVE LINK:  Liberty News Online

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

Joan Veon: When Central Banks Rule the World Part 1

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Joan Veon discusses the taking down of the final barrier to world government that is at the heart of the credit crisis.  This is a must watch video.  Parts 2 – 9 are avaliable on You Tube, linked to Part 1.

Blueprint for a Modernized Financial Structure  can be accessed here.

The Economy Is A Lie, Too

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ICH4
By Paul Craig Roberts    September 21, 2009 “Information Clearing House 
  
Americans cannot get any truth out of their government about anything, the economy included.  Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over.
 
The spin that masquerades as news is becoming more delusional. Consumer spending is 70% of the US economy.  It is the driving force, and it has been shut down.  Except for the super rich, there has been no growth in consumer incomes in the 21st century.  Statistician John Williams of shadowstats.com reports that real household income has never recovered its pre-2001 peak. 
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ECONOMIC COLLAPSE OF 2008 AN INSIDE JOB

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http://www.rumormillnews.com/cgi-bin/archive.cgi?noframes;read=118989

PROTOCOLS FOR ECONOMIC COLLAPSE IN AMERICA
by
Al Martin

2-23-8 (note the date of this article)

And this is how the U.S. Treasury would handle an economic collapse.  It’s called the 6900 series of protocols. It would start with

·         Declaring a force majeure, which would immediately be interpreted by the marketplaces as a de facto repudiation of debt.

·         Then the SEC and the various regulatory exchanges would anticipate the market’s decline, hour by hour — when Japan’s markets opened the next day,

·         What would happen when the European markets, and all the inter- linkages of the global markets.

·         On the second day, US Special Forces would be dropped in by parachute in the cities where the twelve Federal Reserve district banks are located.

The origin of these protocols comes from the Department of Defense. This is contingency planning for a variety of post-collapse scenarios. Those scenarios would include,  obviously,

·         military collapse, World War III, in other words, and its aftermath.

·         What we’re talking about now is aftermath — how the aftermath would be handled.

One does not necessarily know how the events would transpire that would cause the collapse, whether it’s military collapse or economic collapse. In World War III, it would become obvious — when the mushroom cloud started to appear over cities.

Economic collapse scenarios were always premised on the basis of a US declaration of force majeure on debt service. It’s a very extensive scenario. The scenarios are all together, i.e., military, economic, political and social complete destabilization leading to collapse.

Then they break down individual scenarios. In the economic collapse scenario, the starting point would be the United States Treasury declaring a force majeure on debt service, which is de facto repudiation, and that’s how it would be interpreted by the world’s capital marketplaces. Then the scenario goes on from there.

The US Treasury would obviously declare a force majeure sometime after the European markets had settled down. In other words, they had gone out on the day, which means 11:38 a.m. EDT, our time. They’d wait until the European markets closed, and the US markets had been open for a couple of hours. That’s when they’d determine how to begin the process of unwinding or controlling the collapse to the best extent possible, mainly because they know that the greatest hedge pressure would be people seeking to use other markets to hedge their long exposure in the United States and that the US would be the biggest seller in all the rest of the world’s markets. Therefore you would want to declare the force majeure when the rest of the world’s markets closed.

The declaration of force majeure would be precipitated by the declaration that the United States is no longer able to service its debt. That’s pretty simple. Who makes that decision? The Treasury Department. The President does not make that decision. The Secretary of the Treasury does. He has that authority. You might ask — wouldn’t he have his arm twisted not to do that?

The answer is that if there isn’t any money left to service the debt, it doesn’t make any difference what the current regime might want to do.

The day of reckoning is now coming. What has happened in the interim, from 2001 to present, is dynamic, global economic deterioration. The economic deterioration visited upon the United States by Bushonomics is not a localized event.  It is, in fact, global. We have a planet now that is sinking into a sea of red ink.

The United States is consuming 80% of the planet’s savings rate to finance its debt. The central banks of Germany, Japan and Saudi Arabia are no longer the powerhouses they used to be. Their reserves have now been substantially depleted. They can, therefore, no longer hide the fact that they own a certain number, likely in the trillions of dollars, of U.S. Treasury debt that isn’t being serviced, because they can’t hide it through bookkeeping tricks anymore because their reserves are so depleted.

Therefore somebody has covertly been putting demands on the Bush- Cheney regime for payment. Why do you think 2900 metric tons of gold is depleted from U.S. inventory since March of `01?

Why do you think that $2 billion in currency seized from Iraq last May is now unaccounted for?

Someone is putting demands on the Bush-Cheney regime. Someone is saying to the Bushonian Cabal that — You’ve got to start servicing this debt because we, foreign central banks, are in nations – European and Asian – whose reserves are now nearly exhausted.

Who could be putting that kind of pressure on them?

It has to be coming from whoever is organizing this thing at the very top, which I would tend to think has got to be most likely a cabal of people that would involve Henry Kissinger, James Baker, George Schultz, possibly William Simon. It would be somebody at the very top that is familiar with how to do this. It would have to be someone
familiar with finances.

So would this be one faction of a cabal blackmailing or forcing another faction? No, it’s not really blackmailing. It’s being done out of desperation. The German, Japanese and Saudi central banks are saying to the Bushonian cabal, You’ve got to start servicing this debt because we don’t have the reserves to cover you anymore. We can no longer make it appear that the debt is being serviced because our own reserves are so substantively depleted. Therefore you must begin to cover this debt. If you don’t, then, at some point, we will have to publicly admit in order to save our own necks — that we were the end
buyers of a lot of stealth debt, a lot of debt that your Treasury issued illegally and has never serviced. That would then expose the whole cabal.

The Kissinger-Baker faction are at the top of how this was done on the economic side of the equation. They were not the original insiders so much, but the managers of the conspiracy from the U.S. Treasury, to wit, the U.S. Treasury and Federal Reserve role-play the part.

Take Henry Kissinger. It may not have occurred to anyone why in the last 3 years Henry Kissinger has been back in Washington more than he has in the last 30 years. And why are all these quiet meetings in Washington with alleged senior Bush-Cheney regime officials, as foreign news services endlessly put it. It’s because Kissinger is the point man. He’s the one that is telling them the disposition of other foreign central banks.

Kissinger would probably also be involved in transfer or hypothecation of any assets from the cabal. In other words, they’re being stolen from the American people by the Bush-Cheney regime and the Bushonian Cabal, and they are being used to hypothecate, transfer, service, or otherwise carry this debt held by certain foreign central banks.

The process of unraveling has already begun because of ever-spiraling Bushonian budget deficits. The Bush-Cheney regime, even in its overt policies (now they’re overt political, economic, social and military policies) is generating $600-billion-plus deficit per year, which is consuming 80% of the planet’s net savings rate.

It doesn’t have the slack. In other words, it can’t refinance stealth debt by issuing more stealth debt anymore. Nor can they bleed money out of the system like they could in the 1980s by hiding it when the overt policies of the Bush-Cheney regime are already producing a budget deficit of 6% of Gross Domestic Product. There is no other mechanism that they could use anymore to hide expansion of debt that could be used to service said stealth debt, and they are, frankly, running out of assets that they can steal from the American people.

So the proverbial day of reckoning is coming. The Bush-Cheney regime (and I give them credit for this) are telling the American people what’s coming, knowing the American people are too stupid to understand. They are telling the American people about the re-
institution of the Gold Confiscation Act and the sudden scrapping of the Treasury’s emergency post-collapse gold note scheme to maintain domestic liquidity.

David Walker, US Comptroller General and chief of the GAO has said that should the Bush-Cheney regime be re-ensconced into power and, hence, the scourge of Bushonomics persist, that the United States could no longer service its debt beyond 2009. They’re not hiding it from anybody anymore. They are telling you what’s happening. Now, what does that mean?

The key is in what Walker is saying when he says the debt can no longer be serviced. I’ve been asked this on the radio shows. People have noticed what Walker said because he’s out in the news more often than he used to be. It’s unusual for the Comptroller
General of the United States, which is a rather arcane position, to be out in the news so much.

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