Independent Senator Bernie Sanders of Vermont asks Federal Reserve Chairman Ben Bernanke to name the banks who received over $2 trillion in government bailout funds. Bernanke is not forthcoming with any answer to this simple question.
Showing posts with label Federal Reserve System. Show all posts
Showing posts with label Federal Reserve System. Show all posts
Friday, March 13, 2009
Wednesday, November 26, 2008
Burden of $8 Trillion Bailout
As the general Bailout widens massively in scope with yesterday's announcement of the nationalization of CitiBank, the amount of taxpayer money taken to help the ailing economy already mounts onto gigantic proportions. Taken from the People and given to the Banks, (or Federal Reserve System kingmakers), the now $8 trillion dollars forked over reminds one of the policies enacted by Herbert Hoover soon after Black Tuesday in 1929.
As the federal reserve cranks out the printing presses to ink more worthless greenbacks, the value of the dollar is sharply falling and stagflation in the future is becoming all the more a promise. And the force of another bailout appears more likely when the Obama Administration takes over in January. Tacitly approving Bush's measures, little seems bound to change under Obama, whose so called "Economic Stimulus Package" he is pushing as a new WPA for America will somehow bolster the crumbling economic situation the world now faces.
But nonetheless, the announcement that Robert Gates would stay on as Secretary of Defense alludes to continued military spending and imperial presence abroad. The cost of running the American military around the world in one year exceeds $1 trillion. And with the expansion of war in Afghanistan, it is difficult to see any less being spent.
Solutions are unclear as Senate Majority Leader Harry Reid (D) of Nevada said in September that "we have no idea what to do". The incompetence of the media for relying only on partisan-backed pundits has not aided much either in Americans' understanding of what the economic mess truly means. But, for those who believe in free-market economics, the work of the brilliant Milton Friedman, and the triumph of liberty to secure the Earth's blessing, the answer remains clear. And the mess all begins with that fateful night in 1913, when the privately-owned Federal Reserve usurped one of the sacred rights of the U.S. federal government. The incompetence is astounding.
Some such as conservative radio talk-show host Glenn Beck have now openly advocated secession for states as an answer to fight back against the federal government's centralization of power.
Also, other analysts have predicted a breakup of the Union, and the further fractioning of our nation into distinct parts, with the Pacific, Rocky Region, Texas, the Plains and the Midwest, the South, and the East Coast each with their own sovereignty but under one economic identity and a further political identity called the North American Union. Such executive agreements as the Security & Prosperity Partnership (signed in Waco, TX; 2005) which now allows Canadian or Mexican troops to quell unrest in the United States, point to such a possibility.
Whatever the far-fetched ideas of change that may come, it is now clear that the country is in danger of bankruptcy and with a Bailout plan that now numbers the size of the $9 trillion National Debt, America has now fallen in twice as much debt in only the span of a short two months. It is now certain that it will take almost a miracle for Obama's proposed deficit spending to work, but while our hacking group of corporate yes-men and women sitting in Congress continue to deface the Constitution, real people back at home are starved from their once abundant lives.
It will take more than simple economic stimulus plans to breach the gap that now threatens to take from us what our fathers fought for. It will take a massive display of peace, love, and liberty and a defiance of all corruption to bring back the America we know and love.
As the federal reserve cranks out the printing presses to ink more worthless greenbacks, the value of the dollar is sharply falling and stagflation in the future is becoming all the more a promise. And the force of another bailout appears more likely when the Obama Administration takes over in January. Tacitly approving Bush's measures, little seems bound to change under Obama, whose so called "Economic Stimulus Package" he is pushing as a new WPA for America will somehow bolster the crumbling economic situation the world now faces.
But nonetheless, the announcement that Robert Gates would stay on as Secretary of Defense alludes to continued military spending and imperial presence abroad. The cost of running the American military around the world in one year exceeds $1 trillion. And with the expansion of war in Afghanistan, it is difficult to see any less being spent.
Solutions are unclear as Senate Majority Leader Harry Reid (D) of Nevada said in September that "we have no idea what to do". The incompetence of the media for relying only on partisan-backed pundits has not aided much either in Americans' understanding of what the economic mess truly means. But, for those who believe in free-market economics, the work of the brilliant Milton Friedman, and the triumph of liberty to secure the Earth's blessing, the answer remains clear. And the mess all begins with that fateful night in 1913, when the privately-owned Federal Reserve usurped one of the sacred rights of the U.S. federal government. The incompetence is astounding.
Some such as conservative radio talk-show host Glenn Beck have now openly advocated secession for states as an answer to fight back against the federal government's centralization of power.
Also, other analysts have predicted a breakup of the Union, and the further fractioning of our nation into distinct parts, with the Pacific, Rocky Region, Texas, the Plains and the Midwest, the South, and the East Coast each with their own sovereignty but under one economic identity and a further political identity called the North American Union. Such executive agreements as the Security & Prosperity Partnership (signed in Waco, TX; 2005) which now allows Canadian or Mexican troops to quell unrest in the United States, point to such a possibility.
Whatever the far-fetched ideas of change that may come, it is now clear that the country is in danger of bankruptcy and with a Bailout plan that now numbers the size of the $9 trillion National Debt, America has now fallen in twice as much debt in only the span of a short two months. It is now certain that it will take almost a miracle for Obama's proposed deficit spending to work, but while our hacking group of corporate yes-men and women sitting in Congress continue to deface the Constitution, real people back at home are starved from their once abundant lives.
It will take more than simple economic stimulus plans to breach the gap that now threatens to take from us what our fathers fought for. It will take a massive display of peace, love, and liberty and a defiance of all corruption to bring back the America we know and love.
Sunday, November 23, 2008
Rally to End the Fed
Yesterday, over 200 protesters gathered outside of the Federal Reserve Bank in downtown Minneapolis to protest the private banking cartel. Equipped with diverse signs slamming the Federal Reserve's monetary policy and the government-backed Bailout moves, citizens of Minnesota held up signs and handed out leaflets to drivers and passerbys on Hennepin Avenue. In addition, several speakers roused the crowd to moments of great cheer in epic fashion in denouncing the private war-funding machine which has nearly bankrupted the United States in the 21st century.
The Federal Reserve System was created in 1913 with the passage of the Federal Reserve Act. It was voted on secretly at night during a late winter holiday lame-duck session. Usurping the right for the federal government to coin money, the act allowed for a collusion of private banks to control the printing of money as well as the monetary policy of the United States. Since the Federal Reserve Act, the dollar has lost over 98% of its real value.
While President Wilson later decried his signing of the bill as a grave mistake and a threat to liberty, the federal government has yet to regain its authority in coining money. Many argue that the bill, also tied with the creation of the federal income tax, was never properly ratified by the states.
Sponsored by the End the Fed protests which took place in 39 cities across the nation, the crowd included the bulk of libertarian-minded Ron Paul supporters as well as social liberals. Slogans that were shouted slashed at the myths of the American political scene and attacked the corporate-state agenda that has prevailed in recent times. In addition, the Campaign for Liberty had a "warm up" bus on hand; providing breaks for protesters that staid late into the dark afternoon.
Some moments of great praise were had; one great exultation sprung from an End the Fed kite which flew over the Federal Reserve Bank private premises. Also, a Ron Paul Revolution flyer plane navigated high above the Mississippi. There was much in the air, and with the frequent and excited honks of fellow citizens, much was to be wanted. Many positive signs gave hope that such a rally is influencing the way Minneapolis thinks; the need for more of its kind and is strongly apparent.
The Federal Reserve System was created in 1913 with the passage of the Federal Reserve Act. It was voted on secretly at night during a late winter holiday lame-duck session. Usurping the right for the federal government to coin money, the act allowed for a collusion of private banks to control the printing of money as well as the monetary policy of the United States. Since the Federal Reserve Act, the dollar has lost over 98% of its real value.
While President Wilson later decried his signing of the bill as a grave mistake and a threat to liberty, the federal government has yet to regain its authority in coining money. Many argue that the bill, also tied with the creation of the federal income tax, was never properly ratified by the states.
Sponsored by the End the Fed protests which took place in 39 cities across the nation, the crowd included the bulk of libertarian-minded Ron Paul supporters as well as social liberals. Slogans that were shouted slashed at the myths of the American political scene and attacked the corporate-state agenda that has prevailed in recent times. In addition, the Campaign for Liberty had a "warm up" bus on hand; providing breaks for protesters that staid late into the dark afternoon.
Some moments of great praise were had; one great exultation sprung from an End the Fed kite which flew over the Federal Reserve Bank private premises. Also, a Ron Paul Revolution flyer plane navigated high above the Mississippi. There was much in the air, and with the frequent and excited honks of fellow citizens, much was to be wanted. Many positive signs gave hope that such a rally is influencing the way Minneapolis thinks; the need for more of its kind and is strongly apparent.
Sunday, October 19, 2008
The "Federal" "Reserve" System: What you don't know, CAN hurt you
When most people think of the Federal Reserve System, they often perceive the institution as a national bank with accountability to the federal government. The reality of the situation couldn't be farther from the truth.
The Federal Reserve System was created in 1913 along with the induction of the Sixteenth Amendment, which was never properly ratified by enough States. Mind you, that our nation existed for 130 years without any direct taxes on people's labor, although the Constitution allows for excise taxes. When the Federal Reserve System started, the government did not own any of the banking capital, it was rather a conglomerate of the leading private mass banks working in concert with the government. These powerful banks were the same major groups which spurned and funded the two great World Wars of the Twentieth Century. Clearly, these large banks now have usurped the People's political might through overnight coups of financial decision making and bribery at the highest offices of public service.
Now, the United States' entire economic trade patterns are dictated by those whose financing set rigid national quotas and restrictive trade agreements wrapped in the guise of free trade. As America sojourns into the Twenty-First Century, more and more they pile on the People with little scrutiny. These are better known as NAFTA, GAT, and WTO agreements. They come from the IMF, the G8, and the top international financing and political players. Next, the Trans-Texas Corridor will further facilitate the new government of Security and Prosperity Partnership (founded 2005- Waco, TX - http://spp.gov). The SPP will further regulate trade between the United States, Canada, and Mexico and is the groundwork for a future North American Union. Already, in 2007, SPP was able to convince the US Congress to pass an agreement where in the case of civil unrest or insurrection, now Mexican and Candian troops may be used in the United States to quell rebellion. Already, some reports indicate joint exercises have been held to train this supranational force.
And all of this from the Federal Reserve System, who seeks to control trade like a child who plays games of conquest with his own imaginary world. Yet, this world is real and the effects always startling.
Congressman Ron Paul of Texas has long warned against the dangers of a private organization with powers superceding even those of the federal government. He has called the recently passed $700 billion (and soon to be $1.8 trillion) an "attack on the dollar system" with serious repurcussions in the future of American markets. In this creation of money out of thin air, the Federal Reserve will pump imaginary millions into top private CEO bank acocunts, but with real purchasing power. Such inflationary methods are sure to devalue the U.S. dollar.
In early 1920's Germany, the Weimar Republic tried similar methods to avoid more financial crisis. By 1923, there were made public many images of children using Deutschmarks taped together as kites. And even more frightening is the fact that not only are the People not free to make major economic decisions, but our money system has lost its only tie to real value long ago. And, fiat greenbacks are the kind no one wants.
Ron Paul, in a recent interview with CNN, also predicted a collapse of the fiat money arrangement since Bretton-Woods was enacted in 1971. He responded to the question of hyperinflation chiding that "this system that we have had since 1971 is unviable and it's coming to an end." The new $700 billion dole to fat cats must now be paid, and its cost will become insurmountable. Our nation spent less than that amount on defense last year, even though the American Empire's military stretches along 725 bases in over 130 nations on the globe. The weight of such a burden is crushing and signs of national bankruptcy in the United States are already beginning to emerge.
As food prices soar, but the blood-ridden oil from Iraq and Afghanistan rolls in cheap, the American nation is set to face hard times if fast action is not taken to restore our nation's Constitutional values. Our needed passion for civic involvement and the rule of law is paramount.
And yet again, the problem is left not with those who created its massive hurt, but the People who knew better but could not fully act. The responsiblity now lies with us. No more government bailouts, no more millions of dollars to McDonalds to advertise BigMacs in Europe, no more government waste and use of good People's money to fund war games in Czech Republic and Poland.
Ron Paul was brave enough to say, "the fact that we have to depend on government for all of our problems is an illusion." And while illusions may intice and even feel quite real, in the end the hidden reality is what can hurt you.
The Federal Reserve System was created in 1913 along with the induction of the Sixteenth Amendment, which was never properly ratified by enough States. Mind you, that our nation existed for 130 years without any direct taxes on people's labor, although the Constitution allows for excise taxes. When the Federal Reserve System started, the government did not own any of the banking capital, it was rather a conglomerate of the leading private mass banks working in concert with the government. These powerful banks were the same major groups which spurned and funded the two great World Wars of the Twentieth Century. Clearly, these large banks now have usurped the People's political might through overnight coups of financial decision making and bribery at the highest offices of public service.
Now, the United States' entire economic trade patterns are dictated by those whose financing set rigid national quotas and restrictive trade agreements wrapped in the guise of free trade. As America sojourns into the Twenty-First Century, more and more they pile on the People with little scrutiny. These are better known as NAFTA, GAT, and WTO agreements. They come from the IMF, the G8, and the top international financing and political players. Next, the Trans-Texas Corridor will further facilitate the new government of Security and Prosperity Partnership (founded 2005- Waco, TX - http://spp.gov). The SPP will further regulate trade between the United States, Canada, and Mexico and is the groundwork for a future North American Union. Already, in 2007, SPP was able to convince the US Congress to pass an agreement where in the case of civil unrest or insurrection, now Mexican and Candian troops may be used in the United States to quell rebellion. Already, some reports indicate joint exercises have been held to train this supranational force.
And all of this from the Federal Reserve System, who seeks to control trade like a child who plays games of conquest with his own imaginary world. Yet, this world is real and the effects always startling.
Congressman Ron Paul of Texas has long warned against the dangers of a private organization with powers superceding even those of the federal government. He has called the recently passed $700 billion (and soon to be $1.8 trillion) an "attack on the dollar system" with serious repurcussions in the future of American markets. In this creation of money out of thin air, the Federal Reserve will pump imaginary millions into top private CEO bank acocunts, but with real purchasing power. Such inflationary methods are sure to devalue the U.S. dollar.
In early 1920's Germany, the Weimar Republic tried similar methods to avoid more financial crisis. By 1923, there were made public many images of children using Deutschmarks taped together as kites. And even more frightening is the fact that not only are the People not free to make major economic decisions, but our money system has lost its only tie to real value long ago. And, fiat greenbacks are the kind no one wants.
Ron Paul, in a recent interview with CNN, also predicted a collapse of the fiat money arrangement since Bretton-Woods was enacted in 1971. He responded to the question of hyperinflation chiding that "this system that we have had since 1971 is unviable and it's coming to an end." The new $700 billion dole to fat cats must now be paid, and its cost will become insurmountable. Our nation spent less than that amount on defense last year, even though the American Empire's military stretches along 725 bases in over 130 nations on the globe. The weight of such a burden is crushing and signs of national bankruptcy in the United States are already beginning to emerge.
As food prices soar, but the blood-ridden oil from Iraq and Afghanistan rolls in cheap, the American nation is set to face hard times if fast action is not taken to restore our nation's Constitutional values. Our needed passion for civic involvement and the rule of law is paramount.
And yet again, the problem is left not with those who created its massive hurt, but the People who knew better but could not fully act. The responsiblity now lies with us. No more government bailouts, no more millions of dollars to McDonalds to advertise BigMacs in Europe, no more government waste and use of good People's money to fund war games in Czech Republic and Poland.
Ron Paul was brave enough to say, "the fact that we have to depend on government for all of our problems is an illusion." And while illusions may intice and even feel quite real, in the end the hidden reality is what can hurt you.
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