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1934 Expose of the Fed
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachmentas thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON.
So, this ELECTRONIC BOOKLET should be reprinted, reposted, set up on web pages and circulated far and wide.
Contents
- Congressman McFadden’s Speech On the Federal Reserve Corporation
- Federal Reserve-A Corrupt Institution
- President Jackson’s Time
- Great Depression
- Scheme of the Fed
- Money for the Scottish Distillers
- United States Has Been Ransacked
- Spurious Securities
- Bankers’ Acceptance Racket
- John Law Swindle
- Ivar Kreuger, the Match King!
- Thieves Go Scot Free
- FiatMoney
- World Enslavement Planned
- Great Britain, Partner in Blackmail
- Roosevelt and the International Bankers
- Roosevelt Seizes the Gold
- Dictatorship
- Roosevelt’s Two Kinds of Laws
- Enemies of the People They Rob
- FDR Will Not Investigate the Fed
- Conspiracy of War Debts
- Let the Fed Meet Their Own Obligations
- Federal Reserve Pays No Taxes
- Preferred Treatment for Foreigners
- Crimes and Criminals – Charges
Congressman McFadden’s Speech On the Federal Reserve Corporation
BY rjs
The largest source of liquid private wealth remaining in the [US] are the $15 trillion in private retirement funds and the ultimate ownership, control and future of these funds have already been compromised and exchanged for the favorable tax treatment of private retirement plans. … The retirement trap I’m writing about is only a proposal at the present time and since it may well begin in the latter years of the Obama Administration assuming the Democrats can somehow maintain their majorities in Congress, I’m calling it the “Obama Retirement Trap’. But make no mistake, the government need for current revenue and their frenzied search for a short-term fix to fund the backstop of liquidity to buy future government debt obligations when no credible investors will buy them is an unspoken quest of both political parties. … The protoype for their plan was devised in 1991 in a paper entitled ‘Current Taxation of Qualified Pension Plans: Has the Time Come?’ … After years of deficits, the greatest hazard to our economy is a run on the dollar and on Treasury securities by foreign investors”, Ron Holland at Pravda, 15 January 2010, link: http://english.pravda.ru/opinion/columnists/111678-3/
Prepare Now to Escape Obama’s Retirement Trap
As the United States moves into a new decade of military overreach abroad and national bankruptcy at home, Washington is in a desperate search for more revenue and a solution to the future financing of the trillions in national debt obligations currently held by foreign central banks and investors. Economists, politicians and smart investors know the dollar‘s days as the world reserve currency are numbered as is our ability to finance the national debt.
Although the historical government solution to unsustainable government debt loads has always been the destruction of the debts by currency depreciation and eventual hyperinflation, there is always an intermediate step used to buy more time for the politicians in power. This action, usually sidestepped and downplayed by the establishment historians paid to hide the real facts of history is wealth confiscation. Napoleon had it right when he stated, “History is a state of lies agreed upon.”
The largest source of liquid private wealth remaining in the United States are the $15 trillion in private retirement funds and the ultimate ownership, control and future of these funds have already been compromised and exchanged for the favorable tax treatment of private retirement plans. Congress writes the laws, so they can tax, penalize, hold your funds hostage and although they’d never use the word, “confiscate” your assets at their discretion.
The retirement trap I’m writing about is only a proposal at the present time and since it may well begin in the latter years of the Obama Administration assuming the Democrats can somehow maintain their majorities in Congress, I’m calling it the “Obama Retirement Trap”. But make no mistake, the government need for current revenue and their frenzied search for a short-term fix to fund a backstop of liquidity to buy future government debt obligations when no credible investors will buy them is an unspoken quest of both political parties. The establishments of both political parties will do anything to stay in power and this will include raiding and pillaging your retirement funds.
Washington Proposals For A Mandatory Guaranteed Retirement Annuity
The government is getting ready to use that power and in a remarkably cunning way.
on Wall Street and Main Street.
Now that we have pulled back sufficiently far from the near “destruction of the modern financial system” — as the former Treasury Secretary Henry Paulson described the events of 2008 in his new memoir, “On The Brink” — to focus on how to prevent such a calamity from recurring, the time has come to hear from those players in the drama who really know what happened and why.
Until people such as Warren Spector, the former co-president and head of the fixed-income division at Bear Stearns, and Dan Jester, a mysterious former Goldman Sachs banker turned Treasury official — among many others — come forward and share with us the roles they played before, during and after the crisis, there is little hope that the members of Congress working on financial reform legislation will be able to craft a bill that will succeed in its mission, and the longer they will spend dithering with the ill-conceived ideas being pushed by the former Fed Chairman Paul Volcker.
By Rick Rozoff
Global Research, February 5, 2010
The defense chiefs of all 28 NATO nations and an undisclosed number of counterparts from non-Alliance partners gathered in Istanbul, Turkey on February 4 to begin two days of meetings focused on the war in Afghanistan, the withdrawal of military forces from Kosovo in the course of transferring control of security operations to the breakaway province’s embryonic army (the Kosovo Security Force) and “the transformation efforts required to best conduct the full range of NATOs agreed missions.” [1]
Istanbul was the site of the bloc’s 2004 summit which accounted for the largest expansion in its 60-year history – seven new Eastern European nations – and its strengthening military partnerships with thirteen Middle Eastern and African nations under the Istanbul Cooperation Initiative.
The Chairman of the NATO Military Committee, Admiral Giampaolo Di Paola, NATO’s Supreme Allied Commander Europe Admiral James Stavridis and the top commander of all U.S. and NATO troops in Afghanistan – soon to reach over 150,000 – General Stanley McChrystal are also in attendance, as are European Union High Representative for Foreign Affairs and Security Policy Catherine Ashton and United Nations High Representative for Afghanistan Kai Eide as well as the defense and interior ministers of Afghanistan.
President becomes UN Special Envoy to earthquake-stricken Haiti.
A born-again neo-conservative US business wheeler-dealer preacher claims Haitians are condemned for making a literal pact with the Devil.
Venezuelan, Nicaraguan, Bolivian, French and Swiss rescue organizations accuse the US military of refusing landing rights to planes bearing necessary medicines and urgently needed potable water to the millions of Haitians stricken, injured and homeless.
Behind the smoke, rubble and unending drama of human tragedy in the hapless Caribbean country, a drama is in full play for control of what geophysicists believe may be one of the worlds richest zones for hydrocarbons-oil and gas outside the Middle East, possibly orders of magnitude greater than that of nearby Venezuela.
Haiti, and the larger island of Hispaniola of which it is a part, has the geological fate that it straddles one of the worlds most active geological zones, where the deepwater plates of three huge structures relentlessly rub against one anotherthe intersection of the North American, South American and Caribbean tectonic plates. Below the ocean and the waters of the Caribbean, these plates consist of an oceanic crust some 3 to 6 miles thick, floating atop an adjacent mantle. Haiti also lies at the edge of the region known as the Bermuda Triangle, a vast area in the Caribbean subject to bizarre and unexplained disturbances.
This vast mass of underwater plates are in constant motion, rubbing against each other along lines analogous to cracks in a broken porcelain vase that has been reglued. The earths tectonic plates typically move at a rate 50 to 100 mm annually in relation to one another, and are the origin of earthquakes and of volcanoes. The regions of convergence of such plates are also areas where vast volumes of oil and gas can be pushed upwards from the Earths mantle. The geophysics surrounding the convergence of the three plates that run more or less directly beneath Port-au-Prince make the region prone to earthquakes such as the one that struck Haiti with devastating ferocity on January 12.
A relevant Texas geological project
Leaving aside the relevant question of how well in advance the Pentagon and US scientists knew the quake was about to occur, and what Pentagon plans were being laid before January 12, another issue emerges around the events in Haiti that might help explain the bizarre behavior to date of the major rescue playersthe United States, France and Canada. Aside from being prone to violent earthquakes, Haiti also happens to lie in a zone that, due to the unusual geographical intersection of its three tectonic plates, might well be straddling one of the worlds largest unexplored zones of oil and gas, as well as of valuable rare strategic minerals.
This is a VERY good read…jude
Global Research E-Newsletter (crgeditor@yahoo.com)
By Prof Michael Hudson
February 2, 2010
If the economy deteriorates in the L-shaped hockey-stick rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place? Reappointing Federal Reserve Chairman Ben Bernanke may end up injuring not only the economy but also the Democratic Party for years to come. Recognizing this, Republicans made populist points by opposing his reappointment during the Senate confirmation hearings last Thursday, January 27 the day after Mr. Obamas State of the Union address.
The hearings focused on the Feds role as Wall Streets major lobbyist and deregulator. Despite the fact that its Charter starts off by directing it to promote full employment and stabilize prices, the Fed is anti-labor in practice. Alan Greenspan famously bragged that what has caused quiescence among labor union members when it comes to striking for higher wages or even for better working conditions is the fear of being fired and being unable to meet their mortgage and credit card payments. One paycheck away from homelessness, or a downgraded credit rating leading to soaring interest charges, has become a formula for labor management.
Shelby: “What were the root causes and how to prevent them in the future?”
That’s simple – it’s called willful blindness.
By you. By Dodd. By Frank. By Bernanke. By OTS. By OCC. By Paulson. By Geithner.
Willful, intentional blindness to the outright scams that all of the above and more have been willfully and intentionally ignored over the space of more than two decades, including while Shelby was the Chair of The Banking Committee.
Never mind the outright lie that “prop trading didn’t take down any of these companies.” Oh really? What was Merrill Lynch? What was “Hvol4″? That was a prop desk basis trade that blew up in Merrill’s face and literally killed the bank, forcing them into a shotgun marriage with a subsidized (by the taxpayer) Bank of America. They weren’t alone either – Deutsche Bank took a huge loss on pretty much the same bet gone bad. The FT said this about the “final nail in the coffin” with regards to that prop trade that detonated:
GOLD NEWS
‘UNPRECEDENTED DEMAND FOR BULLION COINS’
Despite the inability of the U.S. Mint to acquire sufficient blanks, both gold and silver bullion coins smashed sales records due to unprecedented investor demand in FY 2009.
Author: Dorothy Kosich
RENO, NV -
Uncertainty surrounding traditional investment and inflation concerns drove investor demands for bullion coins to exceptional highs last year, the U.S. Mint said in its recently issued annual report.
The U.S. Mint sold 27.6 million ounces of gold, silver and platinum bullion coins in fiscal year 2009, a 132.3% increase over annual bullion sales since FY 2005.
Total bullion revenue for the mint achieved a record high of $1.7 billion in FY 2009, a 78.65 increase from $948.8 million in FY 2008.
As bullion coin buyers were well aware, the U.S. Mint was initially unable to acquire sufficient planchets (blanks) to satisfy “the unprecedented demand for bullion coins.”
By James Rickards
Americans are quite familiar with customer data mining by large corporations even if they are unaware of the network science behind it. No sooner do clerks scan bar codes at the check-out counter, then e-coupons turn up in our in boxes with just the right timing to get us thinking, “yeah, good idea; let’s buy some ink cartridges while they’re on sale today.” My favorite is Google which posts relevant ads on Gmail before you’re done typing the key words; although they often miss the mark like when you’re writing about the shoe bomber and they offer you a deal on Italian loafers.
These techniques are the benign side of data mining. They are, at worst, mildly annoying and, at best, extremely helpful, allowing us to save money when we were in the market for the suggested goods anyway. This is what economists call value added, that is, taking some raw material, in this case data, and processing it to improve the finished product or lower costs.
Now consider another example of data mining, not done by retail firms, but by giant investment banks such as Goldman Sachs. These banks have thousands of customers transacting in trillions of dollars in stocks, bonds, commodities and foreign exchange daily. By using systems with anodyne names like SecDB, Goldman not only sees the transaction flows but some of the outright positions and whether they are bullish or bearish. Data mining techniques are just as effective for this market information as they are for Google, Amazon, Wal-Mart and others. It’s not necessary to access individual accounts to be useful. The data can be aggregated so that the bank can look at positions on a portfolio basis without knowing the name of each customer.
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