Federal Lawsuit Claims Illuminati Groups Stole $1.1 Trillion
From Courthouse News Service:
An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes.
The 111-page federal complaint involves a range of entities common to conspiracy theorists, including the Vatican Illuminati, the Masons, the “Trilateral Trillenium Tripartite Gold Commission,” and the U.S. Federal Reserve.
Plaintiff Neil Keenan claims he was entrusted in 2009 with the financial instruments – which included U.S. Federal Reserve notes worth $124.5 billion, two Japanese government bonds with a combined face value of $19 billion, and one U.S. “Kennedy” bond with a face value of $1 billion – by an entity called the Dragon Family, which is a group of several wealthy and secretive Asian families.
“The Dragon family abstains from public view and knowledge, but, upon…
The Bank Bailout Was Actually $8 Trillion
Ah, free-market capitalism — the economic system that works best, provided that one infuses $8 trillion to stave off total collapse. The Atlantic Wire writes:
Remember the $700 billion Troubled Asset Relief Program with which the federal government came to the rescue of faltering banks in 2008? Well, according to a Bloomberg report, that was just a fraction of the financial help the Federal Reserve Bank wound up doling out to troubled lenders. The real total was reportedly closer to $8 trillion, after you add up benefits outside TARP, including emergency loans given at below-market rates:
The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and…
Dennis Kucinich Tells Occupy Wall Street We Must Nationalize the Federal Reserve (Video)
Via: Infowars.com:
Congressman Dennis Kucinich (D-OH) today released the following video and statement in support of the protestors on Wall Street and around the country who have identified themselves with the hashtag #OccupyWallStreet:
“To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.
Why The Ron Paul Presidential Run Will Be A MUCH Bigger Deal This Time Around
Will Ron Paul be a serious presidential contender for the 2012 election? Joe Weisenthal writes for Business Insider:
It’s just obvious that in the last four years, since the last time Ron Paul ran for President, the ideological center of gravity in the GOP — and the whole country for that matter — has shifted a lot closer to Ron Paul’s position.
In 2008, Paul ran a cult campaign as a libertarian, anti-Fed, anti-war Republican.
At the time, nobody in the GOP really cared about the Fed, and for the most part, Bush’s wars enjoyed broad support.
Today they’re Obama’s wars, and the Fed is one of the most disliked institutions around, taking daily abuse even from mainstream outlets like CNBC.
It’s inconceivable to think that in the GOP primary, candidates won’t be asked for their position on Bernanke, quantitative easing, the role of the dollar, and of all the candidates, only Ron Paul has made…
Federal Reserve Chairman Ben Bernanke Holds First Fed Press Conference in History
Interesting timing, wouldn’t you say? Dan Arnall reports on ABC News:
Westminster Abbey and the Royal Wedding are so overhyped; the historic story of the week will take place on C Street in Washington, D.C. [on April 27th, the same day the media was hell-bent in discussion of Obama's birth certificate]
At 2:15 p.m. ET [on April 27th], Ben Bernanke, chairman of the Federal Reserve, will make waves in the world of economists and Wall Streeters. For the first time in the 98-year history of the nation’s central bank, the chairman will talk to the press after an interest rate decision, fulfilling a promise he made at his first confirmation hearing back in 2005.
At the time he said, “Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support.”
Most Fed watchers don’t expect Bernanke to make any surprising observations about the…
How Ayn Rand Tanked The Economy
Ayn Rand was a godawful writer, and in ironic fashion her philosophy failed disastrously in her personal life. Yet decades after her death, her work’s destructive influence has never been stronger. The Awl rips apart the “Objectivist” doctrine championed by Rand and one of her most adoring disciples, former Fed chief Alan Greenspan:
That pill-popping, boy-crazy nincompoop Ayn Rand has got a lot to answer for. Indeed, it’s not too much of a stretch to say that we owe at least part of the recent economic crisis to her and her philosophy of Objectivism, since former Fed chief Alan Greenspan was a lifelong disciple of both.
The two first met in the ’50s. Back then, a gang of acolytes, calling themselves the Collective, used to gather at Rand’s apartment on East 36th Street every Saturday night so they could tell each other how smart they all were. Along came Greenspan one evening, shy…
Foreign Banks Tapped Fed’s Lifeline Most as Bernanke Kept Borrowers Secret
Bradley Keoun and Craig Torres writes in Bloomberg:
U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.
Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion.
The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the…
Liberty Dollar ‘Architect’ Convicted Of Conspiracy Against United States
The Courier Press reports:
The former head of an Evansville-based company that tried to introduce a currency that competed with the U.S. dollar has been found guilty of federal charges in North Carolina.
Bernard von NotHaus, 67, was convicted Friday by a federal jury of making, possessing and selling his own coins, said Anne M. Tompkins, U.S. attorney for the Western District of North Carolina.
After an eight-day trial and less than two hours of deliberation, von NotHaus, the founder and “monetary architect” of a currency known as the Liberty Dollar, was found guilty of making coins resembling and similar to United States coins; of issuing, passing, selling and possessing Liberty Dollar coins; of issuing and passing Liberty Dollar coins intended for use as current money; and of conspiracy…
Is The New ‘Normal’ Unemployment Rate Above 5%?
The Federal Reserve Bank of San Francisco, in its Economic Letter entitled “What Is the New Normal Unemployment Rate?” states:
“Recent labor markets developments, including mismatches in the skills of workers and jobs, extended unemployment benefits, and very high rates of long-term joblessness, may be impeding the return to “normal” unemployment rates of around 5%. An examination of alternative measures of labor market conditions suggests that the “normal” unemployment rate may have risen as much as 1.7 percentage points to about 6.7%, although much of this increase is likely to prove temporary. Even with such an increase, sizable labor market slack is expected to persist for years.”
Their conclusion? “As the recovery proceeds, we should develop a clearer picture of the new normal rate of unemployment.”
The question becomes, what happens to that ‘extra’ 1.7% of US population? Are they unjustifiably unemployed, if we assume that 5% is truly normal for a super-rich society…
Cliff Notes To The Financial Crisis Inquiry Commission Report
Like most lengthy reports resulting from a governmental commission investigating a past mishap/misdeed, the Financial Crisis Inquiry Commission Report is full of obfuscation. Luckily one of the New York Times‘ better business reporters, Gretchen Morgensen, has created what she terms a “Cliff Notes” summary:
Truly startling revelations were few in the voluminous report, published last Thursday by the Financial Crisis Inquiry Commission on the origins of the financial panic. This is hardly a shock, given the flood-the-zone coverage and analysis of the crisis since it erupted four years ago.
Yet the report still makes for compelling reading because so little has changed as a result of the debacle, in both banking and in its regulation. Providing chapter and verse, for example, on the bumbling and siloed management at the nation’s largest banks is enlightening, in that many of these institutions are even bigger than they were before. With too-big-to-fail institutions now larger…
The Federal Reserve Is Going Broke
Everyone’s favorite private business pretending to be a government agency by using “Federal” in its name — no not Federal Express, I’m referring to the Federal Reserve — may be on its way to going broke according to economics professor (and consultant to the Minneapolis branch of the Fed) Varadarajan Chari. From Reuters:
The U.S. Federal Reserve’s journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right.
While that day seems distant now, some economists and market analysts have even begun pondering the unthinkable: could the vaunted Fed, the world’s most powerful central bank, become insolvent?
Almost by definition, the answer is no.
As the monetary authority, the central bank is the master of the printing press. It can literally conjure up money at will, and arguably did exactly that when…
The American Dream: The Greatest Theft In Human History
For anyone still wondering why it is that fat cat bankers are buying up the country while the rest of us are complaining that “the rent’s too damn high,” filmmakers Tad Lumpkin and Harold Uhl spell it out in a fantastic thirty minute animated documentary film, The American Dream. Well worth your time watching – Parts 1 and 2 are below:
Ron Paul Now Overseeing The Federal Reserve
Congressman Ron Paul has long been pressing the campaign to abolish privately-owned U.S. central bank, the Federal Reserve. Now he’s heading a subcommittee of the House Financial Services committee that actually oversees the Fed. Here’s hoping for some fireworks (what’s the expression – fox in charge of the chicken coop?) He talks about it about 3:23 into the Fox News clip below. Added bonus towards the end of the clip: Congressman Paul discusses some of his colleagues’ attempts to restrict free speech (read WikiLeaks) on the Internet.
The U.S. Government Can’t Print Money Properly
Sounds weird given the Fed’s policies over the last decades, but read on. (Only in America.) Zachary Roth writes on Yahoo News:
As a metaphor for our troubled economic and financial era — and the government’s stumbling response — this one’s hard to beat. You can’t stimulate the economy via the money supply, after all, if you can’t print the money correctly.
Because of a problem with the presses, the federal government has shut down production of its flashy new $100 bills, and has quarantined more than 1 billion of them — more than 10 percent of all existing U.S. cash — in a vault in Fort Worth, Texas, reports CNBC.
“There is something drastically wrong here,” one source told CNBC. “The frustration level is off the charts.”
Fed Bailed Out McDonalds & GE – With Your Money
Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself. — Mark Twain
Craig Torres and Scot Lanman writing for Bloomberg:
The Federal Reserve’s emergency lending during the financial crisis spanned the global economy, from the largest U.S. financial firms to community banks, hedge funds and a fast-food company.
The Fed, in compliance with orders from Congress, today named recipients of $3.3 trillion in emergency aid. Among them were U.S. branches of overseas banks, including Switzerland’s UBS AG; corporations such as General Electric Co. and McDonald’s Corp.; and investors like Pacific Investment Management Co. and computer executive Michael Dell.
Lawmakers demanded disclosure, over the Fed’s initial objections, as U.S. central bankers pushed beyond their traditional role of backstopping banks to stem the worst financial panic since the Great Depression. The Fed posted the data on its website to comply with a provision in July’s Dodd- Frank law overhauling financial…
Everything You Need To Know About The Federal Reserve And ‘Quantitative Easing’
The people at Xtranormal explain “Quantitative Easing,” hammering everyone’s favorite private bank pretending to be a government agency, the Federal Reserve.
More fun with Xtranormal, this time about the Tea Party, here.
Federal Reserve Prints More “Money”; Let’s Return to Scene of the Crime: Jekyll Island
Media Monarchy reports:
The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
The decision, which takes the Fed into largely uncharted waters, is aimed at further lowering borrowing costs for consumers and businesses still suffering in the aftermath of the worst recession since the Great Depression. [Which they engineered. Don't forget that. The FED/Banksters do nothing by accident — that would make me an "accident theorist."]
The U.S. central bank said it would buy about $75 billion in longer-term Treasury bonds per month. It said it would regularly review the pace and size of the program and adjust it as needed depending on the path of the recovery. In its post-meeting statement, the Fed described the economy as “slow”, and said employers remained reluctant to add to payrolls. It…
Coming Soon: A New American Civil War?
It’s a crazy thought, but Stephen Gandel at TIME suggests that “The Creature From Jekyll Island,” better known to most Americans as our privatized central bank, the “Federal” (ain’t nothing federal about it) Reserve, could trigger a new civil war:
What is the most likely cause today of civil unrest? Immigration. Gay Marriage. Abortion. The Results of Election Day. The Mosque at Ground Zero. Nope.
Try the Federal Reserve. November 3rd is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could be the most important meeting in Fed history, maybe. The US central bank is expected to announce its next move to boost the faltering economic recovery. To say there has been considerable debate and anxiety among Fed watchers about what the central bank should do would be an understatement. Chairman Ben Bernanke has indicated in recent…
