Mike Maloney Illuminates the Bankers
From GoldSilver.com. Great presentation, definitely worth watching:
Mike Maloney was recently invited to speak at the 8th International Banking Forum in Sochi, Russia. The theme was…
MEDIA FAIL: C-SPAN Tries And Fails To Cover Up The Facts Of 9/11
You gotta love seeing CIA Disinfo Agents Squirm.
Defeating The New World Order and Creating a New Society That Allows Capitalists and Communists to Live Together in Peace After Establishing a New Constitution
The bureaucracy, inefficiency, waste, national debt, loss of states’ rights, erosion of individual rights, my experience in the public schools, and the military interventionism of our government caused me to become a libertarian capitalist, until recently. In my younger, college days, I was very concerned about poverty and world hunger. My parents were quite alarmed when I told them I was a democratic socialist. I also believed that a democratic, world federal government would abolish the foolish wars that result from national rivalry. My favorite expression was from Karl Marx: “From each according to his ability, to each according to his need.” Years later, my concern about environmental degradation motivated me to attend the first national conference of the Green Movement in 1987. [1] Six people from Indiana attended, and I was one of them.
So whether it is the result of being wishy-washy or seeing the limitations of various political…
Congressman Paul Discusses The Crisis In Greece
Congressman Ron Paul discusses the crisis in Greece with Megyn Kelly, and how it relates to the United States.
High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States
By David DeGraw & Max Keiser, AmpedStatus Report:
The following article is the third-part of a six-part report titled: “The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States.” The full report is available here.
III: Financial Terrorism Operations: 9/29/08 & 5/6/10
In the aftermath of Goldman Sachs’ public flogging before the world in Congress, and while under investigation, on the very day that Congress was voting on the “break up the too big to fail banks” amendment and cutting behind the scenes deals to gut the audit of the Federal Reserve, the stock market had its greatest sudden drop in history, plummeting 700 points in ten minutes – shades of September 29, 2008 all over again.
If you recall, back in September ‘08, as Congress was voting down the first bailout, the big banks made the market plunge a record 778 points in one day, fear and panic then led Congress…
The New U.S. $100 Bill
It’s both amusing and exasperating to see such great effort to bolster the authenticity of our currency. Especially knowing it holds no “real” value to begin with. Here’s what newmoney.gov has to say about it:
Officials from the U.S. Department of the Treasury, the Federal Reserve Board and the United States Secret Service today unveiled the new design for the $100 note. Complete with advanced technology to combat counterfeiting, the new design for the $100 note retains the traditional look of U.S. currency.
“As with previous U.S. currency redesigns, this note incorporates the best technology available to ensure we’re staying ahead of counterfeiters,” said Secretary of the Treasury Tim Geithner.
“When the new design $100 note is issued in TBD, the approximately 6.5 billion old design $100s already in circulation will remain legal tender,” said Chairman of the Federal Reserve Board Ben S. Bernanke. “U.S. currency users should know they will not have to…
The Keiser Report: Markets! Bubbles! Finance! Scandal! And Dean Baker!
The Keiser Report on Russia TV:
This is the special Alan Greenspan bubble addition in which Max takes out several props and we talk about the scandals of financial crisis “show trials” in America; Citigroup alleges they could not possibly have predicted the collapse of a very obvious housing bubble; and former Fed Chairman, Alan Greenspan, tells the show trial commissioners that the financial world is far too complex for mere mortals. In the second half of the show, Max talks to economist Dean Baker about Citigroup’s alleged profits:
2008 Financial Collapse: The Greatest Calamity The World Has Ever Known
The year is 2010 and to anyone not in denial, the industrialized nations have entered the greatest calamity the world has ever known:
- 35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969, and that’s before the Obama administration announced a planned three-year budget freeze on government discretionary spending. (My Budget 360)
- 18 Million empty houses in the United States and 39 million Americans who are no longer working or looking for work, and that’s before Federal Reserve finishes rewriting the rules of American “capitalism” as US Housing, the Automobile Industry and the American Dream are dismantled. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)
“There are now well over 150 million Americans who feel stress over these things on a consistent basis. Over 60 percent of Americans now live paycheck to paycheck.” (The Economic Elite vs. People of the USA,…
The Bank of the Fed is Closed…Forever
In an effort to explain our escalating financial crisis, an American Nightmare (an Environmental Dream), the pundits are focusing their angst on the 44th POTUS, who might very well go down as the single most inept president in all of American history. (How to Squander the Presidency in One Year, David Michael Green)
Barack Obama is not inept, greedy or stupid and he isn’t one of “us”.
He rose from obscurity to power with his top economics adviser, Zbigniew Brzezinski, the co-founder of David Rockefeller’s Trilateral Commission and he travels in the same circles as other members of the super-secret Skull & Bones Society at Yale University, who pretend to be running for president every four years.
The decision to have Obama preside over the greatest financial calamity since the Great Depression was made five years ago; the November election was a formality. (Why Joseph Biden will be the Next Vice President of…
U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion
Via the Onion:
WASHINGTON — The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct.
Calling it “basically no more than five rectangular strips of paper,” Fed chairman Ben Bernanke illustrates how much “$200″ is actually worth.
What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world’s largest economy.
“Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we … if we …” said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. “You know what? It doesn’t matter. None of this — this so-called ‘money’ — really matters…
Gold Posts Biggest One-Day Loss Since 2008
You can almost predict the oft-repeated explanations the pundits offer up every time the precious metals behave irresponsibly.
- The trouble with being a contrarian is that you can never be quite contrarian enough. We began having doubts about the ‘feds inflate…gold soars’ hypothesis last year. It was too easy…too obvious. And if it were that easy to inflate a nation’s currency, how come the Japanese couldn’t get the hang of it in the ’90s?
- Inflation, yes…but not for a while. And gold? Well, we are in it for the long run. In the short run, anything could happen.
- To clarify our view on gold, The Daily Reckoning is not bearish on the metal. It is not bullish on the metal either. It is buggish. We are gold bugs. In the long run, gold will retain its value. Since that’s all we ask of it, we are always satisfied. Even if it is down…
Secret Banking Cabal Emerges From AIG Shadows
David Reilly sounds like he’s about to join the anti-New World Order crowd, writing in a surprising venue—bankers’ staple news source Bloomberg News:
The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.
We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system — apart from the matter of AIG’s bailout — deserves further congressional scrutiny.
The New York Fed is in the hot seat for its decision in November 2008 to buy out, for about $30 billion, insurance contracts…
Federal Reserve Chief Ben Bernanke Gets 2nd Term in Closest-Ever Senate Vote
Guess being Time’s “Man of the Year” gets you places in life. JEANNINE AVERSA and JIM KUHNHENN write on the AP via Yahoo News:
Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffered in recession.
The Senate confirmed Bernanke for a new four-year term by a 70–30 vote, a seemingly solid majority but 14 votes worse than the closest previous vote for a Fed chairman.
The battle over Bernanke’s confirmation has been a test of central bank independence, a crucial element if the Fed is to carry out unpopular but economically essential policies. Its decisions on interest rates can have immense consequences, from the success or failure of the largest companies to the typical home-buyer’s ability to get an affordable loan to the price…
Revealed: See Who Was Paid Off In The AIG Bailout
Ryan Grim and Shahien Nasiripour write on the Huffington Post:
A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.
An unredacted document obtained by the Huffington Post list the damage in detail. Goldman Sachs alone, for instance, got $14 billion in government money for assets worth $6 billion at the time — a de facto $8 billion subsidy, courtesy of taxpayers.
The list was produced as part of a congressional investigation led by the House Oversight and Government Reform Committee into the federal bailout of AIG…
Federal Reserve Seeks to Protect U.S. Bailout Secrets
David Glovin and Thom Weidlich writes on Bloomberg:
The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history.
The U.S. Court of Appeals in Manhattan will decide whether the Fed must release records of the unprecedented $2 trillion U.S. loan program launched after the 2008 collapse of Lehman Brothers Holdings Inc. In August, a federal judge ordered that the information be released, responding to a request by Bloomberg LP, the parent of Bloomberg News.
“This case is about the identity of the borrower,” said Matthew Collette, a lawyer for the government, in oral arguments today. “This is the equivalent of saying ‘I want all the loan applications that were submitted.’”
Bloomberg argues that the public has the right to know basic information about…
Fed Posts Record Profit for 2009
Reported on the AP via Yahoo News:
The Federal Reserve generated record profits last year, reflecting money made off its extraordinary efforts to rescue the country from the worst economic and financial crisis since the 1930s.
The central bank announced Tuesday it logged a record windfall of $52.1 billion. Of that total, a record of $46.1 billion gets turned over to the Treasury Department.
It marks both the biggest profit and payment to Treasury on records dating back to 1914, when the Fed began operating. The previous record payment turned over to the Treasury — of $34.6 billion — was registered in 2007. In 2008, the Fed reported a payment of $31.7 billion.
The Fed’s efforts to end the crisis are separate from the $700 billion taxpayer-funded financial bailout program authorized by Congress in 2008 and overseen by the Treasury Department.
Originally set up to shore up banks, money from the publicly-derided program also has…
Federal Reserve Smackdown: Bunning vs Bernanke
I spent a good part of today driving from New York to Philadelphia and back. It was a fantastic opportunity to listen to Ben Bernanke being grilled by the United States Senate and struggling to defend his record as Chairman of the Federal Reserve during a period that has been likened to the Great Depression. The very best part was a blistering attack on Bernanke by Senator Jim Bunning, a man who is definitely not afraid to tell it like it is. Respect Mr. Bunning! Felix Salmon obviously enjoyed it too, writing on his Reuters blog:
I wonder what it was like to be Ben Bernanke today, on the receiving end of an absolute lashing from Senator Jim Bunning. Here’s a taster:
Chairman Greenspan’s attitude toward regulating banks was much like his attitude toward consumer protection. Instead of close supervision of the biggest and most dangerous banks, he ignored the growing balance sheets and increasing risk. You did no better. In fact, under your watch every one of the major banks failed or would have failed if you did not bail them out.
Bunning then quoted Bernanke’s own words from his own confirmation hearing, when he said that “no bank is too big to fail”. No, Bunning wasn’t laughing either:
Rather than making management, shareholders, and debt holders feel the consequences of their risk-taking, you bailed them out. In short, you are the definition of moral hazard.
This is the sort of parliamentary rhetoric which we Brits are quite used to, but which is electrifying in the normally-staid confines of the US Senate. Good for Bunning for taking the gloves off.
Amen.
Congressman Ron Paul vs. Fed Chairman Ben Bernanke
Ron Paul appears on Fox Business Channel on November 30, 2009:
Alex Jones: Americans Have A Gun To Their Heads
The Fall of the Republic, Obama’s unkept promises and lies, the economic crisis as part of a bigger new world order strategy, the swine flu hoax, the fraud behind the fed – Alex Jones talks about all this in an exclusive interview with RT’s Anastasia Churkina.
