The Not Federal, Federal Reserve
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Bail Out Reality
You'll never hear this explained on the financial news channels. Here's how the bailouts really work.
So far, $11 to $12 trillion has been committed with no end in sight - and, very often, the
details and terms are not subject to public oversight.
The difference between the Bush and Obama administrations on this issue? Zero.
Details:
www.brasschecktv.com
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From Matt Taibbi:
Rolling Stone Issue 1082-83.
The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money....
Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.
They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s - and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.
Response...by Doug Wilson
I have always been more interested in the solutions to problems than reading the endless variations. There are a lot of people, several groups have websites, that are devising new systems for themselves. The monetary system is just one system. It is pretty much all we can "think of" because people who profit from it spend billions each year to ensure this happens. For the most part it works.
For some, who recognize it as propaganda, it is just one possible system. A bad one - unless you're running it. A good way to look at it is to think of the entire monetary system as a business. That's what it is. Someone owns it. It has officers. Goals. A radical shift in "our" thinking is necessary to move toward social sanity. Once we know what it is - our fascination with it should wear off.
You can add your ideas and opinions at
Watching The World
"As always we need to investigate things for ourselves. I don't know everything there is to know about this organization. We do have a common goal - To dissolve the Federal Reserve bank. I'd like to see every law, every bill, every amendment and resolution, decision and plan that supersedes authority expressed in the constitution undone. That includes all powers that the government has assumed. That includes the IRS.
The people here are working hard to see some good things done. This page links to them - you can investigate and decide for yourself."
Doug Wilson
The 'Audit the Fed' bill has been watered down by Senator Bernard Sanders right at the last minute (a common strategy: pretend to be a populist, then at the last minute, the politician "gives in" in the spirit of compromise). The Audit the Fed bill could go to vote in the Senate any day now.
Obama opposed the bill, until the rewrite. One can only imagine what type of pressure his administration applied to the Senate.
Bernanke opposed the bill, and even said that an audit of the Fed's monetary policy could "seriously threaten" the Fed's independence. This statement couldn't be more true. Read the full article at
morphcity.com
The Federal Reserve Bank is about as Federal
..... as Federal Express.
In 1913, Congress voted to hand over its
Constitutional authority
to "coin money and regulate the value thereof" to a consortium of private banks.
It passed the "
Federal Reserve Act".
Although certain officers are appointed by the President, Congress exercises little to no oversight over the Fed's activities.
The 12 regional Federal Reserve Banks are owned by the member banks who buy shares in it. All
nationally chartered banks and bank holding companies are by default member banks of the Federal Reserve System.
Just a few of the powerful banks which are owners of the Federal Reserve District Banks:
Goldman Sachs Bank (San Francisco Fed)
Bank of America (Richmond Fed)
Morgan Stanley (San Francisco Fed)
On the
Board of Directors of the New York Federal Reserve Bank we find:
Jamie Dimon
Chairman of the Board and Chief Executive Officer
JPMorgan Chase
Jeffrey R. Immelt
Chairman and Chief Executive Officer
General Electric Company
Indra K. Nooyi
Chairman and Chief Executive Officer
PepsiCo, Inc.
Should Americans assume that these individuals serve on the Board of the New York Fed in the public interest or in their private, corporate interests? What do you think?
For example (one of many): JPMorgan Chase was able to buy up both
Bear Stearns and
Washington Mutual Bank for pennies on the dollar through its cozy relationship with the Federal Reserve Bank of New York and the FDIC.
On the
Board of Governors of the Federal Reserve System, we find that
Kevin M. Warsh was from 1995 to 2002, a member of the Mergers & Acquisitions Department of Morgan Stanley & Co., in New York, serving as Vice President and Executive Director. This is but one of many examples of the cross-pollination between the world of private, international banking and the nominally "Federal" central banking system.
Alan Greenspan, the former Chairman of the Federal Reserve, admitted recently that the Fed operates without Congressional oversight.
"Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don't, frankly, matter."
The Fed is, in fact, a private corporation which has been granted a monopoly on the issuance of money by the public authority of government. It is therefore a public-private partnership--an alignment which many political scientists define as Fascism.
It is important to state that private banking control of the Federal Reserve Bank is not significant for the direct profits which member banks accrue. It is the control over the money supply, the manipulation of the general conditions of credit and debt and the POLITICAL POWER associated with the private ownership of the nation's central bank which is meaningful.
The "Federal" Reserve is Federal in name only.
It is comprised of private banks and serves private banking interests and is accountable to no public authority.
Limits of Congressional Power: This is a list
of cases defining the limits of Congressional powers from an historical
perspective. There is also a small section regarding some of the limits
upon the powers of the state.
Powers of the
People: This file links to all State Constitutions and quotes
provisions thereof related to the right of the People to change
government.
Compulsory Production of Documents: This
brief explains the operation of the Fifth Amendment in reference to producing personal books and records to an agency of the government.
The meaning of Art. 1, § 9, cl. 7: There
is currently a debate raging regarding the question of whether social security is a contract. This file explains why it is not a contract
because of this constitutional provision.
Equal Protection: The constitutional
principles of equal protection need to be understood by members of the
freedom movement. Here you will find parts of my working file
containing cites to and very brief summaries of some cases regarding this issue,
with links to the important Supreme Court decisions.
Void for
Vagueness: The constitutional prohibition against vague laws is
demonstrated through a variety of cases, which are linked via this
file.
Public
Purposes: This file links to some recent cases dealing with
unconstitutional eminent domain actions.
Historical Works: The Net contains a
wealth of materials, books and documents about the law and the origins
of this country. Here you will find links to some of these works.
Georgia Tech also has
some historical works posted on its site.
ADMINISTRATIVE PROCEDURES
Administrative Procedure Act: This file is a
short brief which explains the operation of the federal Administrative
Procedure Act.
The Need for Regulations: Here you will
find a short brief regarding the need for regulations for some tax statutes.
Not every law, even a tax law, requires a regulation, contrary to
popular myth. However for the statute discussed here, a regulation is
essential.
Delegated Authority Brief: This brief,
taken from a larger one, addresses the requirement that public officers
and employees must have delegated authority to act.
Cases Regarding Delegated Authority: This
file contains a list of cases regarding the need of public officers and
employees to have delegated authority.
FOIA Requests Those interested in getting information
from federal agencies often use the Freedom of Information Act, which is explained via this link.
OTHER FEDERAL MATERIALS
Public Corruption Cases
This file contains a list of a variety of cases disclosing public corruption.
Social Security: Who
exactly is required to have a social security number? This short memo
examines the alleged requirement that everybody is compelled by law to
have a SSN.
Titles of the U.S. Code: The manner by which
the titles of the current U.S. Code were created from the U.S. Statutes at
Large is explained here.
Nock's "Our
Enemy The State" While this is not
exactly "other federal materials," you need to read this book regarding
the power of government.
CHARTS AND REPORTS
CAFR Web Site:
Comprehensive Annual Financial Reports ("CAFR") are well hidden
by state governments because they reveal too much.
Law Enforcement
Statistics: Here is an interesting site with lots of law
enforcement statistics.
MISCELLANEOUS
Reliance Upon Government Documents: Have you
relied upon government documents in the formation of any of your
beliefs? If not, you need to read this memo.
Face of Tyranny: This file contains a
very appropriate article regarding what the future of our country may
be.
European Parliament paper
regarding "political control":This file contains a very
interesting document which explains new techniques for controlling the
people.
Scams: Lots of con artists and crooks have roamed
through the freedom movement for years. Here are some stories about the
damage these crooks have caused. The Opdahl
case was about a scam; it victimized my client.
Delphi: Powerful institutions have studied
groups of people and learned how to get them to agree upon a plan promoted by
these institutions. This "Delphi" technique is used frequently today if you just watch for it.
Case Law: Many complain about case law and
denigrate it. This file explains how important case law really is.
Twenty leading journalists, including winners of several Emmys and a Pulitzer, have described being prevented by corporate media ownership from reporting riveting stories on major cover-ups.>
BBC News has exposed plans of the U.S. military to "provide maximum control" of the Internet, as detailed in a declassified secret Pentagon document signed by the U.S. Secretary of Defense in 2003.
A
CBS News report quotes former U.S. Secretary of Defense Rumsfeld, "According to some estimates, we cannot track $2.3 trillion in transactions." That's $8,000 for every man, woman and child in America.
Government documents released through the Freedom of Information Act show that the top Pentagon generals once approved plans to foment terrorism in major U.S. cities and even kill innocent civilians.
Multiple, reliable sources show that you may be eating genetically modified food every day which
scientific experiments have repeatedly demonstrated can cause sickness and even death in lab animals.
Detroit's leading newspaper reported that the 1908 Ford Model T boasted a fuel economy of 25 miles per gallon. Yet 100 years later, the EPA average mileage for all cars is under 21 mpg.
A highly decorated
US General wrote a book titled
War is a Racket, which clearly depicts how he was manipulated and how most wars are waged largely to keep the coffers of some big corporations filled.
The
former chief of a prestigious medical journal has revealed that the total profits of the ten drug companies in the Fortune 500 were more than the profits of the other 490 businesses combined.
Declassifed CIA documents open to the public leave no doubt that through hypnosis, drugs, and electric shock, secret mind control projects created super spies, terrorists, assassins, and more.
More than 50 senior
government officials and
100 professors have publicly expressed significant criticism of the 9/11 Commission Report. Many even allege government complicity in the 9/11 attacks.
For more highly revealing media articles hidden in plain sight with links for verification,
click here.