Overall Contents for All Blogs and Posts
http://unclesamenterstheendgamepart1.blogspot.com/
Most posts are alphabetized by subject starting at the bottom of each blog except for the first one. To get a feel of the overall intent of the blogs and posts please read the first post below.
Introduction and an Idea of how to navigate through the blogs and posts.
Contents for Sources of Funding for New World Order
From Soft to Hard Tyranny
Government Officials Speak out on Corruption and/or the New World Order Part 1
Government Officials Speak out on Corruption and/or the New World Order Part 2
Contents for Health Care Trends
Contents for Hidden Powers, Hidden Interests
Introduction
Links to Corruption, Tyranny and Trends Toward A New World Order Part 1
Links to Corruption, Tyranny and Trends Toward A New World Order Part 2
http://unclesamenterstheendgamepart2.blogspot.com/
Links to Corruption, Tyranny and Trends Toward A New World Order Part 3
National Debt
The above 3 posts Links to Corruption, Tyranny and Trends Toward a New World Order, Part 1, 2 and 3 contain just the links from all the posts with very little political commentary or analysis.
http://unclesamenterstheendgamepart3.blogspot.com/
News About the Fed, Banking and Finance Part 1
News About the Fed, Banking and Finance Part 2
Quotes Over Time About Monetary Policy and Banking and Finance in Relationship to Liberty and Tyranny
Slow Response/Gulf Oil Spill
Social Security and Other Entitlements
Solutions
Symbols of Occult Power
The Modern Art and Science of Enslaving Others
The Constitution Verses Tyranny
The Relationship Between The Military Industrial Media Complex, Defense Spending, Semi-permanent and Permanent War and the Rise of Tyranny
http://unclesamenterstheendgamepart4.blogspot.com/
Trends Toward a Tyrannical New World Order Part 1
Trends Toward a Tyrannical New World Order Part 2
Trends Toward a Tyrannical New World Order Part 3
The United Nations in Relationship to the New World Order Part 1
The United Nations in Relationship to the New World Order Part 2
http://unclesamenterstheendgamepart5.blogspot.com/
Barter and Local Currency Survey
Members, Activities and Meetings
http://unclesamenterstheendgamepart6.blogspot.com/
The War on Food
The War on Food Part 2 This section has a lot more in depth scientific studies.
In all the blogs the titles for each of the articles are colored coded red, orange, green or black based on my subjective belief of how likely they are to be true.
Red title and bold font means I believe the article is very likely to be true and is very important!
Red title and regular font means I believe the article is very likely to be true but is less important.
Orange title and bold font means the article is likely to be true and is important!
Orange title and regular font means the article is likely to be true but is less important.
Green title and bold font means I believe the article could be true and is very important!
Green title and regular font means I believe the article could be true but is less important.
Black title and bold font means I have no opinion on the article because I have not researched it so I have no opinion on its veracity. However it is important!
Black title and regular font means I have no opinion on the article because I have not researched it so I have no opinion on its veracity or truthfulness. It is of lesser importance.
News About the Fed, Banking and Finance Part 2
Contents Continued
Financial Regulations in Treasury Controlled Agency 46
Quotes on Money/Finances/Federal Reserve 47
Fed/Large Banks Practice Economic Terrorism to Avoid Investigations 50
How I Know Fed Reserve/Banks Killing U.S. 52
Cities Municipalities Maybe Next for Bankruptcy 54
Federal Reserve Buys Between 850-900 Billion in Treasury Bonds 55
As Foreigners Buy less U.S. Debt Fed Reserve Now Buys 70% of U.S. Debt! Financial Times 3/9/2011 56
Inside Job: A Searing Look At Wall Streets Role in 2008 Meltdown 56
SENATOR LEVIN’S PERMANENT SUBCOMMITTEE ON INVESTIGATIONS STUDIED WALL STREET’S ROLE IN THE 2008 FINANCIAL CRISIS. 57
Recent Decline of Dollar as a Store of Value 59
Congress Over Time Speaks Out on Fed 61
Banks Filing Fraudulent Foreclosure Notices. FBI Director Robert Mueller States Fraudulent Loans Rise 5% in 2009. 14 Billion in Fraudulent Loans Originate in 2009 62
William Black Author of, “Best Way to Rob a Bank is to Own One” Describes Epidemic Fraud in Banking System March 19, 2010 62
Sixty Minutes/Banks Lose Mortgage Documents then Create Fraudulent Documents To Complete Foreclosures 63
Powerful Banks And Elites Corrupting Government 65
IMF Calls for Global Currency SDR’s to Replace dollar as World Reserve Currency 66
China Using Debt to Influence or Control U.S. Government/Reutors 67
Defendant Prosecuted For Creating Own Currency 67
Utah Brings Back Gold Standard as Hedge Against Collapsing Dollar 67
Bloomberg News Wins This Round/Federal Reserve Must Disclose Where Fed Spent Trillions in Bailout This Article From Bloomberg Discloses How Fed Lent Money During Crisis/Data From FOIA Request 68
Wall Street Aristocracy Obtains 1.2 Trillion in Fed Loans 69
The High Cost of Denial or Why the Banking Settlement Signed By 49 States is Such a Travesty 70
Alex Jone’s Movie End Game/How the Banks Take Over the World to Set up the New World Order 83
Games and Activities for Tricks that the Federal Reserve and Banks Play on Us on Page 3 of this Blog 83
Alex Jone’s Movie End Game/How the Banks Take Over the World to Set up the New World Order 83
Games and Activities for Tricks that the Federal Reserve and Banks Play on Us on Page 3 of this Blog 83
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But wait, who is going to be in charge of protecting us chickens? It is the Bureau of Financial Protection. They will have access to all our financial transactions. Who is going to be in charge of this noble institution? Nominally it will be the Federal Reserve but mostly it will be under our good friends at The Treasury Department!
If you have not figured it out yet, I am going to share a secret with you. I think both parties suck! May God and the Angels bless all of us and send us wisdom! Have a great day!!!!
Subject: Sen. Dems Pass SPYING BILL
Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers
Friday, May 21, 2010
By Matt Cover, Staff Writer
Senate Majority Leader Harry Reid (D-Nev.). (AP Photo/Harry Hamburg)
(CNSNews.com) – Senate Democrats united to pass a financial regulatory bill that allows the government to collect data on any person operating in financial markets at any level, including the collection of personal transaction records from local banks that list customers’ addresses and ATM receipts.
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The Senate voted 59-39 on Thursday to pass the bill, the chief aim of which is to more-heavily regulate the financial industry. The bill now goes to a conference committee in the House of Representatives, where differences between the House and Senate versions will be ironed out.
The bill, if it becomes law, would create the Bureau of Consumer Financial Protection and empower it to “gather information and activities of persons operating in consumer financial markets,” including the names and addresses of account holders, ATM and other transaction records, and the amount of money kept in each customer’s account.
In theory the agency under the jurisdiction of the Federal Reserve is suppose to protect consumers. It looks like to me it is the same as allowing the wolf to protect the chicken coop. With all this info on consumers private financial affairs could they end up controlling and manipulating the very consumers they are charged to protect. Aren’t they controlling and manipulating us now even before being given this new agency supposedly for consumer protection.
Chilling Quotes About Money, Finances and Federal Reserve
Money is a new form of slavery, and distinguished from the old simply by the fact that it is impersonal, there is no human relation between master and slave. Leo Tolstoy
“The inability of the colonist to get power to issue their own money permanently out of the hands of George III and the international bankers was the prime reason for the revolutionary war. Benjamin Franklin
“There is an evil which ought to be guarded against in the indefinite accumulation of property from the capacity of holding it in perpetuity by…corporations. The power of all corporations ought to be limited in this respect. The growing wealth acquired by them never fails to be a source of abuses.
James Madison
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“These International bankers and Rockefeller Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government Former President Theodore Roosevelt shortly before his death in 1919 recorded in the New York Times March 27th 1922 Edition
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation therefore and all of our activities are in the hands of a few men. We have come to be one of the worse ruled, one of the most completely controlled and dominated governments in the civilized world, no longer a government by free opinion, no longer a government by conviction and the vote of a majority, but a government by the opinion and duress of a small group of dominant men.
Woodrow Wilson 28th President of the United States 1913-1921 Spoken 3 years after signing the legislation creating the Federal Reserve and the centralized banking system.
"The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the international bankers." - Congressman Louis T. McFadden a Republican from Pennsylvania was the former chairman of the House Banking and Currency Committee during the depression years
“We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” - James Paul Warburg Banker in Senate testimony February 7th 1950, helped pass Federal Reserve Act and a founding director of Council on Foreign Relations formed in 1921.
We'll know our disinformation program is complete when everything the American public believes is false." - William Casey, CIA Director 1981
"[The New World Order] cannot happen without U.S. participation, as we are the most significant single component. Yes, there will be a New World Order, and it will force the United States to change it's perceptions." -- Henry Kissinger, World Affairs Council Press Conference, Regent Beverly Wilshire Hotel , April 19th 1994
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"The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress." - Robert Reich, Secretary of Labor under Bill Clinton
“We are on the verge of a global transformation. All we need is the right major crisis and the nation will accept the New World Order.” David Rockefeller was the chairman of Chase Manhattan bank, once the largest Wall Street bank.
"...if the American people had ever known the truth about what we Bushes have done to this nation, we would be chased down in the streets and lynched." - George Bush Sr. - speaking in an interview with Sarah McClendon in December 1992
“Stop throwing the Constitution in my face. It’s just a goddamned piece of paper!” - George W. Bush 43rd President of the United States
“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 override 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 and I had very good relationships with the Presidents.” Alan Greenspan Chairman of the Federal Reserve from 1987-2006 in an interview with Jim Lehrer on September 18, 2007, on the PBS News Hour.
To see that chilling interview go to the following link:
“Well, I don't think it's good policy for the president or a president-elect to second-guess the Fed, which is an independent body.” President elect Barrack Obama The Chicago Sun-Times by Lynn Sweet on December 16, 2008
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Checkmate? When? God Willing, Never!
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May need to summarize article to protect against copy write infractions
Following article found 6/5/2010. It states that through stock trading computer programs the Fed and large banks like Goldman Sachs practice economic terrorism to prevent investigation of Fed or the banks
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.
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 to pass the bailout. Trillions of our tax dollars, the money that we desperately need to keep our society functioning over the long run, then went out the window and into the pockets of the very people who caused the crash.
What happened on September 29, 2008 will go down in history as one of the greatest acts of terrorism ever.
9/29/08 proved that when you have so much power concentrated in the hands of a few, you can manipulate a computer algorithm and make the market and economy go whichever way you want it to go. So on 5/6/10, just as the power of the big banks was again threatened on the floor of the Senate and a deal on auditing the Federal Reserve was being negotiated, in came a sudden and unprecedented ten-minute 700 point market drop, a precision-guided High Frequency Trading (HFT) attack to show Congress who’s boss.
If you think the massive sudden drop happened because one lowly trader hit one wrong button, if you actually believe that the entire stock market can plunge because of one mistaken key stroke by a low-level trader, you are stunningly naïve. I hate to burst your bubble, but this was a direct attack.
In a market where 70% of all trades are executed by computer algorithms via High Frequency Trading (HFT), Goldman Sachs has the power to make the market crash or rise at will. In fact, Goldman has a major Weapon of Mass Destruction in its Program Trading monopoly of the New York Stock Exchange, as Tyler Durden described on Zero Hedge:
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“Goldman’s dominance of the NYSE’s Program Trading platform, where in addition to recent entrant GETCO, it has been to date an explicit monopolist of the so-called Supplementary Liquidity Provider program, a role which affords the company greater liquidity rebates for, well providing liquidity, and generating who knows what other possible front market-looking, flow-prop integration benefits. Yesterday [5/6/10], Goldman’s SLP function was non-existent. One wonders - was the Goldman SLP team in fact liquidity taking, or to put it bluntly, among the main reasons for the market collapse….
… here is the most recently disclosed NYSE program trading data….
What is notable here is that of the 1.4 billion in principal shares, or shares traded for the firm’s own account, Goldman was the top trader by a margin of over 100% compared to the second biggest program trader.
We have long claimed that Goldman is the de facto monopolist of the NYSE’s program trading platform. As such, it is certainly the case that Goldman was instrumental in either a) precipitating yesterday’s crash or b) not providing the critical liquidity which it is required to do, when the time came. There are no other options.”
For further investigation, I turned to Max Keiser, who has written and authored similar Program Trading and HFT computer algorithms. I asked him if he thought this was an attack. Here is what he had to say:
“May 6th was an unequivocal act of domestic financial terrorism in America. A day that will live in infamy.
To scare the lawmakers, themselves large owners of the very banks and stocks that they are supposed to be regulating, a financial Weapon of Mass Destruction was put to their head and they acquiesced.
As the inventor of the continuous double-auction, market-making technology (VST tech. US pat. no. 5950176) that is referenced 132 times by program trading and HFT patents since 1996, I can tell you that Goldman, JP Morgan and the gang simply pulled the ‘buys’ from their computer trading programs and manufactured a crash. And when the coast was clear, and it was clear the politicians were not going to vote for anything that would break up the ‘too big to fail’ banks; all the ’sells’ were pulled from the computers and the market roared back.
This is a Manchurian Candidate market where program trading bots start the ball rolling in whatever direction Wall St. wants the market to go - and then hundreds of thousands of day-traders watching Cramer on CNBC jump on the momentum bandwagon and commit the crime for the Wall St. financial terrorists, who then say, ‘It wasn’t us, it was ‘the market!’”
On Friday, the next day, after the “break up the too big to fail banks” amendment was soundly defeated by a 61 to 33 margin in Senate and a deal was struck to eliminate key provisions from the audit of the Federal Reserve bill, Goldman was meeting with the SEC to work out a settlement in their case against them. Once again, Goldman proves that crime pays. Welcome to the New Mafia World Order.
Other than the two major operations carried out on 9/29/08 and 5/6/10, we must also recall a smaller attack on January 21st and 22nd of 2010, when Obama had a press conference and came out in favor of the Volcker Rule, which would have limited these HFT and “proprietary trading” schemes. At that time, the market dropped 430 points. Soon after this attack, all follow-up talk on the Volcker Rule faded away and this reform has not been seriously addressed by Obama since then.
The bottom line: the United States has been taken over by a financial terrorism network. Let’s face it, we are all hostages of these financial terrorists and their puppet politicians would rather be in on the scam than defend our interests. If these terrorists don’t get their way at all times, they have the power to throw their tremendous weight around and turn millions of lives upside down in a matter of minutes and, as they have shown, they have no hesitation in executing that power, no matter how many millions of lives they destroy.
They set off this crisis with a wave of bombings in their initial Economic Shock and Awe campaign two years ago, resulting in massive devastation. Just to name a few of their greatest hits within the U.S.:
* 50 million Americans are now living in poverty, which is the highest poverty rate in the industrialized world;
* 30 million Americans are in need of work;
* Five million American families foreclosed upon, 15 million expected by 2014;
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* 50% of US children will now use a food stamp during childhood;
* Soaring budget deficits in states across the country and a record high national debt, with austerity measures on the way;
* Record-breaking profits and bonuses for themselves.
Like other terrorists, they don’t use IEDs, they use CDOs. They don’t use precision laser-guided missiles, they use High Frequency Trading. They don’t have WMDs, they have derivatives. Let’s also not forget that they have toxic assets and dirty debt bombs just waiting to be deployed upon the American public once there is any true growth in the economy. Their nuclear arsenal includes hundreds of Trillions in secretive derivatives and hidden debt bombs, just ticking away, waiting to be set off… at their whim…
http://ampedstatus.com/high-frequency-terrorism-how-the-big-banks-and-federal-reserve-maintained-their-death-grip-over-the-united-states Research their statements on line. Its true.
How I Know Federal Reserve/Banks Are Killing U.S.?
· Collusion by banks, Wall Street and government agencies occurs generating massive corruption and fraud on a scale never seen before. HTTP://LEVIN.SENATE.GOV/SENATE/INVESTIGATIONS/INDEX.HTML The following link takes you Carl Levin’s U.S. Senate Permanent Subcommittee on Investigations. It explores the role that Wall Street and Goldman Sachs played in the most recent economic melt down. http://citywire.co.uk/clickout.aspx?TargetURL=http%3a%2f%2fhsgac.senate.gov%2fpublic%2findex.cfm%3fFuseAction%3dPress.MajorityNews%26ContentRecord_id%3d3bf9e7c2-5056-8059-7621-22bb68e8633b&Code=ContentVersionID_423149&Internal=False See the following link to view the video of Bill Moyer’s interview with William Black, discussing the nature of fraudulent banking activity during the 1980tes http://www.pbs.org/moyers/journal/04032009/watch.html See also interviews with William Black where he describes how the laws are much more favorable to the banks during the 2007 Great recession as he describes in his book, The best Way to Rob a Bank is to Own One www.youtube.com/watch?v=sA_MkJB84VA&feature=&p=2EE4069759AF1642&index=0&playnext=1 See NPR’s interview with Charles Ferguson creator of the renown documentary movie about Wall Street called Inside Job. www.npr.org/templates/story/story.php?storyId=130272396
· Very few have been prosecuted or fired for fraudulent activities except Bernie Madoff during the present economic crisis. The previous wave of fraudulent activity caused far less damage according to William Black during the Savings and Loan crisis in the 1980ties Clinton administration. However, over a thousand people were prosecuted and jailed for these types of criminal activities during that time. Perhaps the banks, Wall Street, and the elites that own them have become far more powerful now and can now protect themselves. www.youtube.com/watch?v=sA_MkJB84VA&feature=&p=2EE4069759AF1642&index=0&playnext=1 AIG executives off the hook/CBS report www.cbsnews.com/8301-503983_162-20005697-503983.html?tag=contentMain;contentBody
· The highly toxic derivatives that fueled the crisis have not been outlawed.
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· Fed keeps pouring out $ when that makes no sense. Both parties seem hell bent on continuing economic policies that will bankrupt the country. www.bullionbullscanada.com/index.php?option=com_content&view=article&id=11612:us-dollar-is-the-new-tulip&catid=42:rokstories http://www.youtube.com/watch?v=JzO_D8TjvKw Here in Congressional testimony Congressman Ron Paul asks, Is the Fed Monetizing the Debt? This means is the Fed printing new money to pay for debt that will lead to economic collapse.
· The leaders who created the conditions for the crisis under Bush were hired under Obama.
· Most financial leaders hired by both Obama and Bush are members of Goldman Sachs one of the major players who brought on the crisis. See http://ampedstatus.com/is-it-time-for-law-abiding-american-citizens-to-stop-paying-their-taxes-and-start-a-new-government#mafia Go to V, The Goldman Sachs Obama Illusion to see how Obama is closely associated with Goldman Sachs and other bankers.
· Normally business leaders who fail in a company are fired. Very few of these people who brought on the present economic crisis have been fired in our government. This is because they own the government and dictate financial policy. http://www.fool.com/investing/general/2010/06/23/the-weekly-walk-of-shame-wall-street-lobbyists-and.aspx
· The tax payers have had to bail out the criminals who initiated the economic crisis. Far more money was spent to protect these criminals than was spent on other U.S. citizens. While the criminal businesses are protected millions of Americans lose their jobs and are thrown out of their houses.
· 9/28/2008, The House of Representatives voted down the 700 Billion dollar Bailout Bill. On 9/29/2008 the Stock Market suffers its highest point drop ever wiping out 1.2 trillion in market value and its biggest percentage drop since the crash of 1987 according to The Washington Post. The bail out was passed shortly after this drop. www.washingtonpost.com/wp-dyn/content/article/2008/09/29/AR2008092900271.html?nav=rss_email/components
· In May of 2010 Congress was considering breaking up the Big banks and a bill to Audit the Federal Reserve. On May 6, 2010 the market dropped over 700 points in 10 minutes. Some claim it was faulty computer program errors. Others claim it was precision guided High Frequency Trading. The next day on 5/7/2010, the Congress rejected the plan to break up the banks and gutted the bill to Audit the Fed. www.reuters.com/article/idUSTRE6455ZG20100506 http://www.alternet.org/story/146777/ http://www.fool.com/investing/general/2010/05/17/61-senators-perpetuate-too-big-to-fail.aspx
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· Other issues do not make sense. A majority of Americans are against illegal aliens sneaking into the country yet members of both parties do nothing to stop it saying these people should be citizens.
· Arizona passes laws to support the Federal law enforcing our immigration laws but the Federal government sues Arizona over it’s immigration laws.
Why hasn’t anyone in our government vigorously protested or took a stand against the banks and the Fed? Are they evil? Are they stupid? Most of them I don’t think so. I think they know as you can deduce by the above the large banks, the Fed and the elites have us by the balls! If Congress or the executive took a stand against the banks they will plunge us into deep depression or worse.
Cities and Municipalities May Be Next To Go Bankrupt
Although this article is not directly about the Federal Reserve, since the Fed is in charge of our banking system it was placed here. Part of the problem contributing to the 2007 financial melt down was that banks provided credit to customers whom they knew could not pay the loans believing if worse came to worse the government would step in and help.
The same kind of attitude exists in many cities and municipalities regarding debt. They believe that the state they reside in or the Federal Government will step in before they have to default on their debts. Perhaps this attitude contributed to some of their bad financial decisions. What might happen if the governments can’t or won’t step in? www.personalliberty.com/asset-and-wealth-protection/a-serious-warning-about-muni-bonds/?eiid=&rmid=2010_09_16_PLA&rrid=238461665 http://www.cnbc.com/id/39785253/Dire_Warnings_for_States_2011_Will_be_Painful
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Federal Reserve buys between 850 and 900 Billion in Treasury Bonds Bloomburg 11/3/2010 See also Fed Reserve Pays Mortgages for 1st Time in NPR video describing how Fed Creates money on page 25 of this File.
· Fears remain this aggressive monetary policy will stimulate inflation down the road.
· Gold prices at record levels at $1,388.10 an ounce.
· Fed depositing 981 billion in access funds that banks hold at the central bank as of 10/21. The funds have not stimulated growth and are kindling for money creation and inflation down the road.
You might ask where does the Fed get their money to buy the treasury bonds? They print it of course. It used to be that any printed money was backed by gold or some other precious metal. Richard Nixon took us off the gold standard in 1971. Once we went off the gold standard, if the Fed printed money it had to backed by debt through sold treasury bonds. So if the Fed printed $1,000,000 in money, they sold treasury bonds to back up their debt to people or countries that held the debt. In return for these people buying the debt, the government paid these creditors a certain amount of interest yearly then when the bonds matured, the monetary value of the bond was given back to the creditors. Therefore the creditors money was repaid to them plus extra interests earned through the life of the bonds. Where do you think the Fed and the banks get the money to pay these people interest on the debt? Why you the taxpayer sucker. So who has owned the debt over the last 20 to 30 years that has ballooned in our nation? Mostly Japan, China and Germany. Some was held by nations in the Middle East as well as by other nations. With George Bush II and Obama after him spending like drunken sailors our creditors no longer think we have the capacity to pay off the debt so they are buying less and less. So that is why the Fed is buying our debt by creating more debt. So what happens if our creditors decide not to buy our debt and the Fed decides they have bought enough? Why you are going to pay for it. There is talk now in Congress about making retirees buy treasury bonds as part of their IRA’s or 403K plans. This will help our government keep their Ponzi scheme going a little longer. In return the government says they would guarantee them income for life. Check out what happened in Argentina when its government promised the same thing. You don’t want to pay? It won’t be a choice! Confiscation of 401K and other Retirement Accounts/J/Smith See also Neil Boortz/6/24/2010 and 12/9/2010 It’s like you paying one credit card off with another credit card. How long do you think it will work? Are you beginning to get some inkling why some tea party candidates performed so well in the recent elections? Here is a link to Bloomberg article. www.bloomberg.com/news/2010-11-03/federal-reserve-to-buy-additional-600-billion-of-securities-to-aid-growth.html
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Foreigners Buy Less U.S. Debt. Fed Now Buys 70% of Our Debt. This is a clear sign that hyper-inflation is on the way. http://www.ft.com/cms/s/0/d7b68a9a-4a7f-11e0-82ab-00144feab49a.html#axzz1Jq44Dpdr
Inside Job by Charles Ferguson: Wall Streets Role in the Financial Melt Down
NPR on November 28 on it’s All Things Considered interviews Charles Ferguson’s hard hitting documentary, Inside Job, about Wall Streets role in the recent 2008 financial global meltdown and the massive amount of fraudulent activities that lead to the meltdown. This link takes you to a transcript of the interview. www.npr.org/templates/story/story.php?storyId=130272396 Here are some highlights of that interview
· Investment bankers knowingly sold derivatives to American investors recognizing they would go bad and they designed them to go bad so they could bet against them and generate huge profits. They have done this fraudulent criminal activity and no one has gone to jail.
· Often prominent professors of economics, who have often held high government posts are paid to testify before Congress. They are also paid to testify before civil and criminal trials and write papers that praise financial services industry and argue in favor of financial deregulation. Universities do not insist that they disclose their sources of income when they write papers supporting the interests of the financial institutions who pay them!
This above website shows the cast of the movie Inside Job and what they do in real life. The director also gives a timeline of things that happened after the recession to cause the present great recession. From 1933 until about the 1970ties laws tightly controlled banks and other financial institutions and recessions were fairly mild. In the 1970ties deregulation started and financial recessions became more intense starting with the savings and loans debacle. At the end of the document he defines various economic terms in a glossary.
HTTP://WWW.YOUTUBE.COM/WATCH?V=VS0HJ4KIQSA In this video Charlie Rose interviews Charles Ferguson who stated he was shocked by two
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things. The first was described in the bullet at the top of the page describing derivatives. He was also shocked by the level of government incompetence during the 2008 financial crisis .
Senator Levin’s PermAnent Subcommittee on INvestigations Studied Wall
Street’s role in the 2008 Financial Crisis. http://levin.senate.gov/senate/investigations/index.html If the link becomes unusable google
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse Majority
and Minority Staff
HERE ARE SOME NOTES ON THEIR FINDINGS The first hearing on April 13th 2010, examined the role of high risk home loans and the mortgage backed securities that those loans produced, using as a case history the policies and practices of Washington Mutual Bank.
· The Role of high risk loans
Ø High risk loans sold to Wall Street. High risk loans were more profitable to Wall Street than low risk loans
Ø Shoddy lending practices riddled with credit compliance and operation deficiencies. Loans were fraudulent.
Ø Steered borrowers to loans they could not afford presuming house prices would keep rising allowing borrowers to refinance loans or to sell off homes before payments became too high.
Ø The world wide financial system was polluted because billions of dollars of these toxic loans were sold to investors throughout the world.
Ø Destructive compensation practices allowed those who sold the most volume of high risk loans to be rewarded with higher pay.
The second hearing on April 16th 2010, explored the role of banking regulators in the global financial meltdown, using as a case study the role of the Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corporation (FDIC) in exercising oversight of Washington Mutual Bank.
· The Role of Bank Regulators
Ø The collapse of Washington Mutual Bank was the largest bank failure in U.S. history. By 2008 Washington Mutual Bank was the largest savings and loan association in the nation. Regulators did identify unsafe lending practices but failed to act.
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Ø Regulators allowed high-risk A.R.M loans with very low initial payments resulting in the principal actually increasing!
Ø The Office of Thrift Supervision OTS a federal regulator actually impeded and blocked the Federal Deposit Insurance Corporation FDIC from access to bank data.
Ø The FDIC did nothing to gain access to the data blocked by OTS.
Ø Regulators failed to recognize systematic risk that lead to the financial meltdown.
Hearing Three occurred on April 23, 2010 exploring the roles of credit rating agencies Moody’s and Standards and Poor’s in the collapse. Despite the toxicity of the loans the rating agencies gave the loans triple AAA ratings!
· The Role of Loan Rating Agencies
Ø Rating agencies utilized inaccurate rating models to rate high-risk loans.
Ø Competitive pressures encouraged rating agencies to give over optimistic ratings because banks desired higher profits.
Ø Rating agencies failed to reevaluate their rating systems. By 2006 rating companies realized that their ratings were inaccurate so they revised the rating on many of their loans. However they did not let their investors know that they revised their ratings.
Ø Inadequate Resources directed to Evaluate Ratings! Despite record profits rating companies did not provide adequate resources to evaluate ratings on new and existing products.
Ø As a result of inaccurate ratings, on several occasions the rating companies down graded their ratings on massive numbers of their loans inducing massive shocks to the financial markets worsening the financial crisis.
The final hearing, held on April 27, 2010, focused on the role of investment banks, using Goldman Sachs as a case study. Goldman Sachs and other investment banks played a crucial role in building and running the conveyor belt that fed toxic mortgages and mortgage-backed securities into the financial system.
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· The Role of the Investment Banks
Ø In exchange for lucrative fees, Goldman Sachs securitized highly risky loans made by other banks and secured triple A ratings on these loans.
Ø Goldman Sachs magnified the risk of these toxic loans by placing them into derivatives selling them to investors and then using credit default swaps and index trading to profit from the toxic loans.
Ø As high risk mortgages became delinquent, Goldman Sachs took a net short position on the mortgage market remaining net short through 2007 cashing in billions of dollars in profits.
Ø Goldman Sachs bought and sold Mortgage related securities, traded billions of dollars in mortgage related assets without disclosing their proprietary position to their clients among other irregularities!
Ø The committee also investigated how shell companies were created to hide laundering and transfer of money. The creation of these shell companies, make it difficult for law enforcement agencies to explore fraudulent activities. In the above link the committee explores the role of credit card companies in this mess.
This link not only has links to all the testimony of the various witnesses called but also had hundreds of pages of exhibits related to the banks investigated.
The following video segment from Representative Marcy Kaptur D-Ohio 9th District Toledo discusses the crimes of Wall Street and the Banks and offers solutions. www.youtube.com/watch?v=-CJMw914Zvk&feature=player_embedded
THE RECENT DECLINE OF THE DOLLAR AS A STORE OF VALUE
The following article shows how banking practices especially since 1970 have destroyed the value of a dollar. Money in a financially responsible nation can serve two functions. First it is a medium of exchange for the transfer of goods and services. Second it can act as a store of value. So in a financially responsible nation if one saves 100,000 dollars in a savings account, 20 years later they should be able to buy the same amount of value for that money. In our nation according to the article, for the first 200 years
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of our existence, the dollars store of value did not change that much. In 1970 President Nixon took us off the gold standard and the value of the dollar has declined significantly since then. Over time the value of our dollar has declined over 95% according to this source.
When discussing money as a “store of value”, we cannot fail to discuss how the U.S. dollar – the world's “reserve currency” - has performed as a store of value. In the less than 100 years since the Federal Reserve was created to “protect” the dollar, it has lost more than 95% of its value. Put simply, the dollar of today is not “a store of value”, and thus not good money.
The question then becomes: was the dollar ever “good money”, and (if so) what has changed over the last 100 years?
In the chart below, you can see “inflation” in the U.S. (as measured by the “consumer price index). In fact, what “inflation” really tells us is not “how fast prices are rising” but rather, how fast our currency is losing its value. A pound of beef doesn't become more delicious or nutritious over time, the reason why we must pay much more for a pound of beef than even a few years ago is that our “money” is rapidly losing its value. With the U.S. dollar officially created in 1785, the chart presents the complete history of the U.S. dollar as a store of value.
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The last number in the chart is the year 2009. You will have to go to the link to see the chart.
Thus what this chart tells us is that for nearly two hundred years, the U.S. dollar was a good “store of value”, and then suddenly (around 1970) that changed – and more than 80% of the dollar's loss of value has occurred in the last 40 years. As any reasonably knowledgeable precious metals investor knows, it was in 1970 that the United States went off of the “gold standard”. (MY NOTE: Thanks, Nixon!)
In other words, what we see is that the U.S. had 200 years of price-stability (i.e. the dollar retained almost all of its value) while on the gold standard, followed by an 80% loss of value in the 40 years since. Quite simply, it was never the U.S. dollar which was a good store of value, but the gold that was “backing” it. As soon as we removed such backing, the U.S. dollar ceased to be “a store of value”. In other words, it was no longer “money”, but is now merely currency.
Congress Speaks Out On the Fed and Banks
www.thinkbigworksmall.com/mypage/archive/1/55002/ Discusses several congressmen trying to figure out what Fed did with 3.3 million dollars.
www.nytimes.com/2009/06/01/business/01lobby.html?pagewanted=3&_r=2&adxnnl=1&partner=rss&emc=rss&adxnnlx=1293440546-CnZbQnl16nYwlt070NjBhA “The banks run the place,” Mr. Peterson said. “I will tell you what the problem is — they give three times more money than the next biggest group. It’s huge the amount of money they put into politics.” Colin Peterson was the Democratic Chairman of the Agriculture Committee This is linked to a New York Times article on Tuesday, June 2, 2009.
Senator Dick Durbin said the following that was picked up by the Huffington Post on December 27th 2010. "And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place," he said on WJJG 1530 AM's "Mornings with Ray Hanania." Progress Illinois picked up the quote. www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html
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Google Banks Filing Fraudulent Foreclosure Notices and you will be taken to 30 Million 400 Thousand Results! I googled this statement on December 11, 2010 at 7:10 p.m.
Here is one of the 30,400,000 links that discuss various Federal agencies that are investigating the banks for filing fraudulent or improperly filled out foreclosure notices. www.chron.com/disp/story.mpl/headline/biz/7254902.html
Mortgage fraud in the United States increased 5 percent in 2009 with an estimated $14 billion in phony frauds last year, the FBI said on Thursday 6/17/2010.
According to FBI, it received 67,190 reports of mortgage fraud activity during 2009, a year in which foreclosure filings increased 120 percent from 2007 with 2.8 million properties involved.
FBI Director Robert Mueller said, "Mortgage fraud is an insidious crime that has devastating economic effects on families, communities and the nation."
This information was taken from Top New in. News You can use at the following link. www.topnews.in/cases-mortgage-fraud-increased-5-percent-2009-2264951 It was posted on Friday 6/18/2010.
William Black Author of, “Best Way to Rob a Bank is to Own One” Describes Epidemic Fraud in Banking System March 19,2010
William Black former Clinton Financial Regulator who was the Director of the Institute for Fraud Prevention helped prosecute and convict over 1,000 criminals during his investigations during The Savings and Loans Fiasco during the Clinton Administration during the 1980ties. Today the fraud and damage from the criminal activities of the banks and Wall Street business interests is far worse resulting in millions of Americans losing their jobs and their homes. Despite numerous investigations no one has been criminally prosecuted for these crimes and most of the banking leadership who were in charge during the time of the fraud enjoy financial leadership positions in the Banks, Federal Reserve and Treasury under the Obama administration.
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Black simply discusses the processes of accounting fraud as described by George Ackerloft an American Economist who won the 2001 Nobel Peace Prize in Economics. He described a four part financial recipe for accounting fraud that pays handsome profits. First, have enormous rates of growth. Second, make deliberately bad loans that you know the lender will not pay off so you can charge high interests. There is not much risk with these bad loans because if the banks get into trouble the federal government will rescue them through the tax payers. Third, have extraordinary leverage. This means you have to risk very little of your own capital to borrow huge amounts of money. Finally, don’t put on the lost reserves from your bad loans on to your accounting books. This last action is what actually causes the fraud that is so endemic now. Since borrowers and lenders were unaware of the bank’s losses since they did not have to report them, lenders and borrowers continued to do business with the banks long after they should have stopped!
Strict laws passed after The Savings and Loans Crisis have been gradually watered down and the Bush and Obama administrations have continued to water them down so that banks do not have to report many of their losses on their reserves even after the most recent crisis!!!
To get a better sense of how banking fraud works and the ineffective government response to the fraud go to the article William Black: How Both Parties Colluded to Pull off the Greatest Banking Heist in Human History on p.24 in the file, Trends Toward a New World Order. To see more interviews with William Black and get a better grasp of have banking fraud operates see the following link. www.youtube.com/watch?v=sA_MkJB84VA&feature=&p=2EE4069759AF1642&index=0&playnext=1
60 Minutes/Banks Lose Mortgages Then Create Fraudulent Documents to Complete Foreclosures!! http://www.cbsnews.com/video/watch/?id=7361572n&tag=mg;mostpopvideo This is the video link to the April 3, 2011 60 Minutes Segment
http://www.cbsnews.com/stories/2011/04/01/60minutes/main20049646.shtml?tag=contentMain;contentBody This is a transcript of the video.
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Below are some amazing statements spoken in this documentary
Many houses remain in foreclosure because banks can’t find ownership documents. Many banks are creating forged documents for the mortgage documents that were lost or not properly created.
Homeowners who do not pay Mortgages on time and/or do not have paper work in order face foreclosure. Banks however have misplaced, lost or improperly created thousands or millions of documents on a massive historical unprecedented level.
When Wall Street was using computers and algorithms to create these securities from these bundles of mortgages that were traded from investor to investor they cut corners so now the banks did not create or cannot find the ownership papers on countless mortgages that they are attempting to foreclose.
One bank tried to foreclose on Lynn Szmoniak’s home and she took it to court. In her case the ownership documents were not found for her mortgage. Then a year later the banks claimed to find her documents. What the banks did not know is that she was a lawyer and a fraud investigator that specialized in forged documents.
When she looked at the assignment date of her mortgage it was 10/17/08, that was several months after they sued her for foreclosure. So they were telling the court that we sued her in July of 2008 but they acquired the mortgage in October of 2008. Obviously they lost the case against her.
Curious, using her legal training, she began investigating 10,000 other mortgages. She discovered Lynn Green signed many of the mortgages including her own. Green supposedly was the vice president of 20 banks. She also noticed that the signatures were widely different. An investigation showed that the real Lynn Green did not work for a bank. However 5 other people signed her name on these documents. These people worked for a company called Docs that specialized in creating fraudulent mortgages for banks. 60 minutes talked to the 5 individuals that signed the fraudulent documents using the Linda Green signature. One of the workers paid $10 and hour, signed 4,000 fraudulent mortgages a day. All were repeatedly assured that what they were doing was lawful.
Over the last few years it was common practice for the banks to flood the courts with these documents according to Lynn Szmoniak. Sometimes the banks did not even write the names of the owners in the documents. The following banks utilized the Docs corporation to create mortgages to submit to the courts: Wells Fargo, HSBC, Deutsche Bank, Citibank, U.S. Bank and Bank of America. All the banks declined to be interviewed or discuss these allegations. The American Bankers Association an association representing American Bankers throughout our history also refused to comment or be interviewed.
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According to 60 Minutes there were a million foreclosures last year and will be a million more this year. The lawsuits are forcing open the bundled securities that Wall Street and the Banks cooked up in the mid 2000’s and are showing a lack of ownership documents across the country!
Sheila Bair, the chairman of the Federal Deposit Insurance Corporation (FDIC) described the above as a pervasive problem. Courts use to automatically accept the bank’s paperwork and rule in the banks favor. This is no longer true and because of the increasing number of counter lawsuits stemming from the banks fraudulent activities houses are remaining unsold for longer periods of times as a consequence of increasing litigation. This phenomenon is adversely impacting a potential recovery.
At this time 30,000 lawsuits are challenging the banks and Sheila Bair feels litigation threatens to get out of hand. She recommends that the banks pay into a giant toxic clean up food so the foreclosure mess can be cleaned up quickly
Banks Corrupting Government
This quote shows how organizations and elites with money corrupt the political process and perhaps can buy our Congress. This quote is taken directly from the New York Times published May 31, 2009. www.nytimes.com/2009/06/01/business/01lobby.html?_r=2&pagewanted=3&partner=rss&emc=rss
The Financial Lobby
“Through political action committees and their own employees, securities and investment firms gave $152 million in political contributions from 2007 to 2008, according to the most recent Federal Election Commission data.
The top five companies — Goldman Sachs, Citigroup, JP Morgan Chase, Bank of America and Credit Suisse — gave $22.7 million and spent more than $25 million combined on lobbying activities in that period, according to election data compiled by the Center for Responsive Politics.
All five companies are members of the CDS Dealers Consortium, the lobbying group formed in November. Lobbying records show that the group has paid
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Mr. Rosen, the Cleary Gottlieb partner, $430,000 for four months’ work. Mr. Rosen declined to comment, a spokeswoman said, citing “client sensitivities.”
Mr. Rosen, co-author of a treatise on derivatives regulation, frequently counsels the industry on these complex contracts. In late January, according to e-mail messages, he asked the members of the CDS dealer group if they would support his testifying before Congress on behalf of the Securities Industry and Financial Markets Association, a trade group. The CDS dealers are a much smaller group with a far larger interest in derivatives than Sifma as a whole.
Mr. Rosen received an e-mail response from Mary Whalen, managing director for public policy at Credit Suisse, the Swiss bank, which is active in the derivatives market:. “It is a good idea for Ed to write the testimony and if necessary testify. That way we can be sure that the banks’ point of view is expressed, rather than taking a chance on testimony that Sifma might craft.”
Sifma’s members include 650 firms of varying size and interests, many of which do not trade complex derivatives. By taking the lead, Mr. Rosen was able to position himself as the main advocate on derivatives for the securities industry and to make sure that the group of nine banks in the CDS Dealers Consortium had a loud voice within Sifma.
A spokeswoman for Ms. Whalen declined to comment…”
IMF Calls for Global Currency SDR’s to Replace dollar as World Reserve Currency Thursday 2/10/11 According to answers.com SDR’s stands for special drawing rights. They are a product of the IMF or International Monetary Fund that is part of the World Banking System. SDR’s are like shares of a basket of hard currencies including the dollar, the British pound, the Euro and the yen. Just remember they are controlled by the world wide banking system. www.huffingtonpost.com/2011/02/11/imf-calls-for- dollar-alternative_n_821795.html www.guardian.co.uk/business/.../imf-boss-calls-for-world-currency www.forexlive.com/166182/.../imf-head-calls-for-new-world-currency -
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China Using Debt to Influence or Control Policy of U.S. Government/Reuters. Info Obtained from Wiki Leaks on 2/17/2011 China now owns the most American debt. According to Reuters who gained info from Wiki Leak cables provided by third party source, I quote almost word for word from the news link. U.S. Embassies in Peking and Hong Kong noted investor unrest during recent financial crisis prompted several visits from U.S. Treasury officials.
In one case a top Chinese money manager asked Treasury Secretary Timothy Geithner to speed up the regulatory approval process to allow for Chinese investment in Morgan Stanly. The cables did not mention if Geithner approved the transaction but the investment stake occurred the next day.
Defendant Prosecuted for Creating Own Currency/FBI http://www.fbi.gov/charlotte/pressreleases/2011/defendant-convicted-of-minting-his-own-currency
FBI claims Bernard Von Nothaus terrorist because he counterfeited currency and undermines our dollar. Defendant responds Federal Reserve and Government policies undermine purchasing power of dollar and his currency is hedge against inflation. Here are related articles. Articles question whether defendant counterfeited coins. Government overstepped it authority. http://abcnews.go.com/US/wireStory?id=13291457 http://online.wsj.com/article/SB10001424052748704425804576220383673608952.html
Utah Brings Back Gold Standard as Hedge Against Collapsing Dolllar/12 Other States Consider Moving to Gold or Silver Standard/ABC News http://abcnews.go.com/Politics/tea-party-momentum-utah-bill-brings-gold-standard/story?id=13377409
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Bloomberg News Wins This Round Federal Reserve Must Disclose Where Fed Spent Trillions in Bailout. Judge in case demands that Federal Reserve honor Bloomberg’s FOIA request detailing where the Fed spent the trillions in our taxpayer bailouts that Federal Reserve refused to disclose to Congress. See the following links to see what the Fed told Congress and what some Congressmen have said about the Fed and the banks. In the first clip Senator Sanders discusses for the initial bailout of 700 billion dollars Treasury Secretary Paulson demand Congress give him the funds without oversight or strings attached in the very beginning of the video. He then describes some interesting historical facts if they are true. http://www.youtube.com/watch?v=rHHUffxtqLU
Senator Bernie Sanders asks Fed Chairman Bernanke to tell Americans which banks received the 2.2 trillion in bailout funds. The Chairman told him, “No.” www.youtube.com/watch?v=rCWXrMCGJT4
www.nytimes.com/2009/06/01/business/01lobby.html?pagewanted=3&_r=2&adxnnl=1&partner=rss&emc=rss&adxnnlx=1293440546-CnZbQnl16nYwlt070NjBhA This article describes the amount of time and money the banks and their lobbyist pour into Congress “The banks run the place,” Mr. Peterson said. “I will tell you what the problem is — they give three times more money than the next biggest group. It’s huge the amount of money they put into politics.” Colin Peterson was the Democratic Chairman of the Agriculture Committee This is linked to a New York Times article on Tuesday, June 2, 2009. The quote is near the bottom of page 1
Senator Dick Durbin said the following that was picked up by the Huffington Post on December 27th 2010. "And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place," he said on WJJG 1530 AM's "Mornings with Ray Hanania." Progress Illinois picked up the quote. www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html
Here is the article about Bloomberg winning the court case against The Fed. As of yet I have not seen which banks received our bailout money. It may take many years of appeals through the courts before we find out to whom received the bailout if the courts uphold the present ruling. www.cjr.org/the_audit/bloomberg_wins_its_lawsuit_aga.php
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This Article From Bloomberg Discloses How Fed Lent Money
During Crisis/Data From FOIA Request http://www.bloomberg.com/news/2011-04-01/foreign-banks-tapped-fed-s-lifeline-most-as-bernanke-kept-borrowers-secret.html The actual released Federal Reserve documents can be found at the following website, www.bloomberg.com.
According to the article a lot of banks including banks in Libya borrowed money from the Fed during the crisis
Wall Street Aristocracy Obtains 1.2 Trillion From Federal Reserve Half of all Money Lent By Fed Went to Foreign Banks According to Recently Released Freedom of Information Documents! http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html
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The High Cost of Denial or Why the Banking Settlement Signed By 49 States is Such a Travesty
Abstract
For those of you who are very busy let me condense the information below and you can decide if it is worth your while. The recent banking settlement signed by 49 states boils down to the following. For every thousand dollars that the taxpayers spent bailing out the banks and Wall Street, the banks will pay you back in fines between 3 to 9 dollars. Is this sensible or fair? Finally I speculate on possible reasons why American citizens allow such a travesty to occur with little or no protest.
I am a layman so I try to explain things in easy to understand terms that I think most can understand. First lets talk about denial because it is very costly and it is happening in our nation now.
Let me put it in simple terms I believe we are in a state of denial. Its like I have 5 friends in a state of denial. Friend 1 tells me she has a lump on her breast and it has been there for a year but it doesn't hurt and she feels fine. She tells me she knows she should get it checked but she can't stand the thought of having cancer so she has decided to eat well, think positively and surround herself with positive people. She thinks because of how she takes care of herself she will be fine. Friend 2 believes in the new age philosophy of always being positive, calls up distraught one day and tells me there is blood in his stool. I tell him, "Go see a doctor." He tells me "Oh no I will be fine. I am going to be positive. Being positive brings good things into my life. As long as I don't think negative thoughts I will stay healthy." Friend 3 constantly hacks and coughs. Concerned I tell him, "Don't you think you should get that cough checked by a doctor?" He exclaims, "Hell no, I never been sick a day in my life." Friend 4 who is very kind has two very disruptive daughters 5 and 15. The kindergartener get's into fights and is defiant. The older daughter is disobedient and parties all the time. I suggest a counselor who has done wonders for my marriage and she says, "I don't have time. Between the two jobs and the kid's homework, I just can't do it." Friend 5 and I go golfing for 4 hours and he goes off into the trees 5 times to take a leak. I don't go at all. I ask him about it and he says, "I just have to go all the time. I'm up six times during the night going to the bathroom but I don't trust doctors."
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Well it is some time later. Friend 1 of course is dying from stage 4 breast cancer and will be leaving her husband and family behind. Friend 2 is dying from incurable colon cancer that would have been very curable in its earlier stages. Friend 3 died of lung cancer leaving a young wife and several young children. Friend 4 is distraught because the older daughter drunk killed a young couple out with their kids. The two children in the car were not badly hurt but are in foster care. A few days later the younger daughter was sent to the school nurse because her classmates were complaining that she smelled bad. The teacher finally figured out where the horrible stench in her class was coming from. The nurse discovers that the child suffered from a sexually caused vaginal infection. A subsequent investigation determined that the father was sexually abusing both daughters. Perhaps the life of the older child plus the parents who were killed by this drunken daughter might have been saved if the mother would have gotten the family in counseling earlier. Chances are the sexual abuse would have come up. Instead the mother made excuses saying she was so busy. Friend 5 recently went to a high school reunion and loaded up on deserts. While driving he begins falling into a diabetic slumber but insists on driving. He crashed and perished on the interstate taking a few others with him. If these friends had not been in denial and faced their problems none of this would have happened. Yes I made this up but this sort of thing happens over and over!
Our country is suffering dangerous symptoms but we ignore them and don't think they are that bad. Laws are being passed in violation of the Constitution. Billions of dollars are being spent on police state like intelligence agencies and Congress does not even know how much money is being spent on these adventures. The executive branch is gaining massive power at the expense of the other branches of government. The banks and Wall Street are committing crimes against the people of the nation and yet very few are punished. I can go on and on describing symptoms!
I am afraid for my nation also because I am convinced my Uncle Sam has become so weakened that he is no longer free but works for a new master now. In fact I am afraid that my Uncle can no longer protect us against the predators that are his masters. Yet my countrymen don't know how dangerous these predators are and don't seem to want to know and this is sad for me because I do not think the predators will have any use many of us if they seize total control. Here is some information that shows how brainwashed I believe many of my countrymen have become. I hope and pray and call for them to stand up to these predators and parasites.
I use as my evidence for our plight the just heralded 25 billion dollar settlement with the banks that in my view show how deluded we have become!
• States reach a 25 billion deal with major lending institutions over foreclosure abuses.
• Five major banks will reduce loans for 1,000,000 households.
• I quote directly from the article,
• They will also send checks of $2,000 to about 750,000 Americans who were improperly foreclosed upon. The banks will have three years to fulfill the terms of the deal.
I heard this both from NPR and 104.1 Thursday February 9th 2011 between 10-12 A.M. They also said the above. Here is more from http://www.nakedcapitalism.com/2012/02/the-top-twelve-reasons-why-you-should-hate-the-mortgage-settlement.html Here are some reasons that I could understand of the 12 reasons why this deal is no good from an article called The Top 12 Reasons Why You Should Hate the Mortgage Settlement.
• The average loan on a house loan is approximately 180K and the banks are going to pay 2K to the people who they stole houses by fraudulent means? Sixty minutes did an expose on this. At this point according to the settlement, the banks through forging fraudulent documents (robo-signing etc) stole houses from 750,000 Americans as far as we know. So the lending agencies get to keep the property as long as they pay the people they wronged 2K? Sounds like the cost of doing business to me. Did the folks that lost their homes through no fault of their own, instead through the fraudulent actions of the lending institutions have any say in the settlement? It seems like a good deal for the banks because few of them have to go to jail
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for forgeries and other serious crimes. A question I have is of the houses that were stolen what was the average amount the people still owed on the houses that were stolen? Do you think the average amount still owed by these home owners whose houses were seized was about 2K?
• The first level of regulation of the banks in the settlement according to this article relies on the banks self reporting to the federal regulators. If this is not bad enough, the federal regulators did not even enforce the laws on the books contributing the housing crisis that occurred in the first place in 2007. See Levin Congressional Investigation.
• If the new Federal Task Force created to investigate this mess were serious, there would be no settlement! It does not make sense to settle a case before investigating crimes committed against you. It does not make sense to me to settle wide spread expensive criminal abuse and allow the criminals off paying such a low price. Again for the criminals, 25 billion is just a drop in the bucket considering the profits they made from the heist. Below lets explore just how much we the taxpayers paid to the banks and Wall Street for this bailout.
• The following paper titled How Big Were Government Responses to the Recession attempts to measure total Federal Spending with taxes and borrowing to stem the recession. It relies on government sources for data. I think
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it is my best source. Since the banks fraudulent activities had a lot to do with our recession and since the Federal government using our taxes and borrowing bailed out the banks this source gives a great overview of the spending to save our economy. Barry Anderson served as the Acting and Deputy Director of the Congressional Budget Office a nonpartisan government agency from 1999-2003 and senior career civil servant (and other positions) at the White House Office of Management and Budget from 1980-1998. His analysis includes several factors. They include stimulus factors, automatic stabilizers, increases in discretionary spending and financial stabilization efforts.
Stimulus spending is self explanatory. Automatic stabilizers are programs that automatically increase spending in times of recession such as food stamps. Congress also has programs that already exist but they can increase discretionary spending in response to recessions. Finally examples of financial stabilization efforts include such things as the Federal government taking control over auto companies or the quantitative easing policies of the Federal Reserve. Anderson utilized data from the CBO office and CBO projections of what the economy would look like had the recession not occurred. He believes that excluding the financial stabilization efforts the Federal government has spent over 3.4 trillion on attempting to stabilize the economy between 2008 and 2012. Such things as the 600 billion the Fed has created in new money as part of the
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quantitative easing or the 2.2 trillion that Senator Sanders asked about was likely sent to other central banks throughout the world is not included. Don't forget also the 1.25 trillion that the Fed created out of thin air to buy the toxic mortgages that no one else wanted. He claims it is difficult to measure the impact of most of the financial stabilization efforts but just those 3 items would put the cost of the fraudulent banking scam close to 7 Trillion! It may be much higher! Looking at the proposed settlement from this perspective when I divide 25 billion by 7 trillion I get 0.0035%. So for every ten thousand dollars that we paid to the banks for the related costs of the bailout of our economy through this settlement the banks have to pay us back thirty five dollars. A different way of looking at would be for every thousand dollars the taxpayers spent to bail out the banks they will gave us back in fines three dollars and 50 cents. That’s a pretty cheap fine. As I said for the banks, just the cost of doing business. The FBI show I watched as a kid was wrong, Crime does pay. http://media.hoover.org/sites/default/files/documents/Stimulus-Measurement-article.pdf
• Below I put different amounts that we spent bailing out the banks and the hidden interests and compared them with the paltry 25 billion they are going to give back to us for their crimes. The next 4 bullets describe the results although perhaps the most accurate accounting was the bullet above with the paper called How Big were Government Responses to the Recession.
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• I am not sure how much the Federal government spent on keeping our economy afloat. I remember the 700 billion dollar TARP bailout under Bush for the Banks. Supposedly CBO later put the TARP costs down to 19 Billion so that is a real plus. I have heard also that the government has spent around 800 billion or more as a stimulus. Also the Federal Reserve has created 1.25 trillion buying up toxic fraudulent loans cooked up by the banks and Wall Street. http://usawatchdog.com/the-fed-bought-mortgage-fraud/ See also the NPR Money Planet Link describing how the Fed created the 1.25 Trillion dollars. We also gave 2.2 trillion over the early course of the economic crisis that Senator Ernie Sanders asked the Federal Reserve Chairman about but The Chairman refused to tell him what banks received the funds. It was found out later in an FOIA document that most of it went to prop up other central banks.
• So we add 700 billion + 800 billion + 1.25 trillion, How much have we the taxpayers spent on our friends the banks who continue to seize our homes. So have we actually spent 2.75 trillion or more just to help our friends the bankers? Now we tell the banks they need to cough up 25 billion in order to drop the law suits against them? Is their something wrong with this picture?
• I read that a trillion is a 1 followed by 12 zeros while a billion is a 1 followed by 9 zeros. If you divide 2.75 trillion into 25 billion, after you get rid of the zeros you get a number 25/2750 = X/1000 percent. So what percent is 25 billion of 2.75 trillion? I came up with 0.009%. So for
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their crimes they have to pay a fine of just under 1% of the total losses. This seems like the cost of doing business to me. So in this banking settlement, we get back about a penny on the dollar for every dollar we spent bailing them out. Perhaps I am wrong and we did not spend this money on them.
• Supposedly the government did not spend all of the 700 billion on the bailout. Lets just pretend that the Fed spent 1.25 trillion or lets go with 1.5 trillion and include some of the other spending. So after you get rid of all the zeros you would have 25/1500 = 0.016 or about 2%. But what about the 2.2 trillion that Senator Bernie Sanders asked the Fed about and they would not tell him. Later with a FOIA request it was discovered that the 2.2 trillion of our tax money went mostly to bail out other foreign central banks. So if you include all this perhaps the 25 billion is far less than even 1% payback for what the banks have done to us.
• Just out of curiosity if we added the 2.2 trillion that Ernie Sanders said was missing, how much did we give to the banks either through taxes or through the interest that our children and children will pay more for on the debt by the Federal Reserve creating this new money? So if I add roughly 20 billion of the 700 billion bailout + 800 billion + the 1.25 trillion of the new money that the Federal Reserve is creating out of debt to pay for toxic mortgages and the 2.2 T allegedly given to central banks throughout the world to keep the world economy afloat we would get a total of
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4.27 Trillion. If I divide 4.27 Trillion into 25 billion, I get 0.006 %. So the good president Obama is making the banks pay 6/1000% of the money they lost and we had to pay for as taxpayers, back to us. Does that sound like a good settlement to you? Yet oddly enough people will have the mistaken notion that Obama and the government stood up to the banks so they will vote for him. Really?
• Now earlier I sent out an email talking about the republican logo having upside down stars and most folks think I am crazy for entertaining the notion that there could be an evil force behind it like Satan but I don't care what you call it, Lucifer, Satan, Adversary, Occult or Hidden ones but something does not make sense!!! Either the American people are idiotic, apathetic, brainwashed or there is such a thing as magic and magic spells for I can't think of any other way to explain how we have allowed the banks and our government to prey upon us to such an extent, without even a peep! It is absolutely incredible how we allow these predators to take such advantage of us. Is it just that we are too stupid or just don't care? As I say I am keeping an open mind.
• Perhaps I am being too hard on the banks as Savage stated on his Thursday 2/9/12 program. In the following article, http://en.wikipedia.org/wiki/Subprime_mortgage_crisis describes the % of subprime mortgages as part of total prime mortgages. The article claimed that historically 8% or less of the mortgages were subprime. However, between 2004-2006 the percentage rose to 20%. Subprime mortgages are considered those mortgages that have a much higher probability of going into default. So how did
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we get into this crisis? According to my Uncle a banker during the Carter administration, it began when Federal government officials told the banks they had to provide home loans to clients that the bankers knew would not be capable of paying the loans back. Succeeding administrations continued to expand this program with the idea that every American should own their own home. As time went on Wall Street got into the act and created complex derivatives bundling these subprime mortgages into instruments that people invested their money. The ratings agencies gave these derivative instruments AAA ratings supposedly meaning that their was a 1% or less probability of the instrument going bad so people thought they would not lose money on their investments. The federal regulators who were suppose to be regulating the rating agencies as well as the companies creating the derivatives either did not enforce the regulations or did not know what the companies were doing. Meanwhile people invested pensions, trust and other accounts with the mistaken notion that they were investing in AAA instruments that had very low risk. See Levin's Congressional Investigation below.
• So in summary I am really confused because I hear republicans blame democrats and vice versa but no one talks about one of the greatest heists of all time and how they continue to carry it out. I don't think most people are stupid, I don't think most people are uncaring so all I can figure is that we ourselves or other hidden forces, have cast some kind of spell over us. Maybe someone can explain it
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in a way that makes sense to me.
Here are links to some other of my sources.
http://www.cbsnews.com/video/watch/?id=7361572n&tag=mg;mostpopvideo This is the video link to the April 3, 2011 60 Minutes Segment describing how banks created fraudulent documents and forged signatures so they could continue foreclosing on houses that they had lost or misplaced the original documents
http://www.cbsnews.com/stories/2011/04/01/60minutes/main20049646.shtml?tag=contentMain;contentBody This is a transcript of the above video.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/15/MN691N857R.DTL Link to San Francisco Chronicle article/According to San Francisco Assessor Recorder 84% of San Francisco Foreclosures clearly violated 1 or more laws
SENATOR LEVIN’S PERMANENT SUBCOMMITTEE ON INVESTIGATIONS STUDIED WALL STREET, FEDERAL REGULATORS AND CREDIT RATING AGENCIES ROLE IN THE 2008 FINANCIAL CRISIS. HTTP://LEVIN.SENATE.GOV/SENATE/INVESTIGATIONS/INDEX.HTML
TARP costs go from 700 Billion to 19 Billion CBO http://crfb.org/blogs/cbo-reduces-projected-cost-tarp A CNN account below disputes this claiming that the government spent about 230 billion.
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Senator Bernie Sanders asks Fed Chairman Bernanke to tell Americans which banks received the 2.2 trillion in bailout funds. The Chairman told him, “No.” www.youtube.com/watch?v=rCWXrMCGJT4
This Article From Bloomberg Discloses How Fed Lent The 2.2 Trillion
During Crisis/Data From FOIA Request http://www.bloomberg.com/news/2011-04-01/foreign-banks-tapped-fed-s-lifeline-most-as-bernanke-kept-borrowers-secret.html
For First Time In Its History Federal Reserve Buys Mortgages August 26th 2010 NPR Money Planet for the first time ever Fed buys up mortgages. Over the next 15 months they created 1.25 trillion dollars out of thin air to buy 1/5 of all government backed mortgages. http://www.npr.org/blogs/money/2010/08/26/129451895/how-to-spend-1-25-trillion
Here are some other areas that Federal Government Spent money to stem the recession.
Take over of Freddie May and Fannie Mack Treasury invests 200 Billion http://en.wikipedia.org/wiki/Federal_takeover_of_Fannie_Mae_and_Freddie_Mac
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AIG Bailout Cost Fed Reserve 45.8 billion http://en.wikipedia.org/wiki/Maiden_Lane_Transactions
American Recovery and Investment Act of 2009 Cost 834 Billion from 2/17/09 until 7/1/2011. http://www.recovery.gov/Transparency/fundingoverview/Pages/fundingbreakdown.aspx
San Francisco Federal Reserve Bank claims that 6.5 Trillion dollars of wealth destroyed in U.S. during recession. http://www.frbsf.org/news/speeches/2012/john-williams-0208.html Is 25 billion repayment for the Trillions lost in this recession.
CNN Also did an analysis of government rescue efforts at the following link I believe around mid February 2012. http://money.cnn.com/news/storysupplement/economy/bailouttracker/#TARP
It's calculations claim the government has spent 3 trillion trying to rescue the economy and has committed 10 trillion over time to do so. It has a very detailed chart covering the bailouts and other actions
This link from the Fedreserve.gov site describes some of the crisis response actions Fed took in summer of 2007 when the financial crisis started. http://www.federalreserve.gov/monetarypolicy/bst_crisisresponse.htm First the Fed reduced short term interest rates from over 5% to near zero. Here are other actions taken.
A second set of tools involve the provision of liquidity directly to borrowers and investors in key credit markets. The CPFF, AMLF, MMIFF, and the Term Asset-Backed Securities Loan Facility (TALF) fall into this category. All of the programs are described in detail elsewhere on this website.
As a third set of instruments, the Federal Reserve has expanded its traditional tool of open market operations to support the functioning of credit markets through the purchase of longer-term securities for the Federal Reserve's portfolio. For example, in November 2008, the Federal Reserve announced plans to purchase up to $100 billion in government-sponsored enterprise (GSE) debt and up to $500 billion in mortgage-backed securities. In March 2009, the Federal Reserve announced plans to purchase up to $300 billion of longer-term Treasury securities in addition to increasing its total purchases of GSE debt and mortgage-backed securities to up to $200 billion and $1.25 trillion, respectively.
In August 2009, the FOMC announced that, to promote a smooth transition in markets, it would gradually slow the pace of its purchases of Treasury securities. In September 2009, the FOMC made a similar statement about its purchases of agency and agency mortgage-backed securities. The full amount of announced Treasury security purchases were completed in October 2009. In November 2009, the Federal Reserve announced that the total purchases for agency debt would be $175 billion, somewhat less than previously announced, reflecting the limited availability of agency debt.
USSPSIC on HSGA Wall Street Financial Crisis Report 4-13-2011[1].pdf
Alex Jone’s Movie End Game Describes A Theory of How the Banking Interests Are Setting up the Tyrannical New World Order! Very fascinating and Possibly True! www.youtube.com/watch?v=x-CrNlilZho The Movie End Game Full Length Version
Games and Activities for Tricks That the Federal Reserve and Banks Play to Enslave Us See First Article on page 3 Above
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The Exponential Function Doubling Worksheet
Unit of Time
For Doubling
1 decade
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The Amount of Money Placed in the Bank of England In 1694 is
One Pound. If that money earns 7% interest and doubles ever
ten years, how much money would there be in 2014?
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0
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1
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1
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2
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2
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4
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3
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8
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4
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5
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6
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7
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8
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9
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10
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11
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12
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13
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14
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15
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16
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17
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18
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19
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20
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21
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22
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23
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24
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25
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26
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27
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26
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29
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30
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31
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32
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Creation of Money Roles
Secret Investor
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Customer 3
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Banker
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Customer 4
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Customer 1
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Customer 5
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Customer 2
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Customer 6
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Creation of Money Roles
Secret Investor
|
Customer 3
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Banker
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Customer 4
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Customer 1
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Customer 5
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Customer 2
|
Customer 6
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Creation of Money Roles
Secret Investor
|
Customer 3
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Banker
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Customer 4
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Customer 1
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Customer 5
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Customer 2
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Customer 6
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Money as Debt/Interest and Inflation Role Play
Banker
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Customer 4
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Customer 1
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Customer 5
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Customer 2
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Customer 6
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Customer 3
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Car Dealer
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Money as Debt/Interest and Inflation Role Play
Banker
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Customer 4
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Customer 1
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Customer 5
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Customer 2
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Customer 6
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Customer 3
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Car Dealer
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Money as Debt/Interest and Inflation Role Play
Banker
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Customer 4
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Customer 1
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Customer 5
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Customer 2
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Customer 6
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Customer 3
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Car Dealer
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Templates for Checks for Both games In Tricks the Federal Reserve and the Banks Use to Enslave Us. These would not copy from my files so you will have to create them yourselves if you if you choose to play the games.
Tricks the Federal Reserve and Banks Play Survey
1. What did you like about the presentation. Did you have a favorite part? Here are some of the concepts I covered in my presentation: protection and prayers, the water buffalo, lions and crocodiles video, near absolute power, the power of math, tricks that the Fed and banks use to gain power over us including compounding interest, money creation and money as debt, the banking story and solutions. I also utilized multi-sensory processes to enhance learning such as role plays and the story about Joe the Banker.
2. What were your least favorite parts? How can I make the presentation better?
3. On a scale of 1 to 10 with 10 being great what would you rate this presentation?
4. Please let me know if you know anyone who might like to have me speak at an event. I can be contacted at unclesamenterstheendgame@gmail.com Feel free to write on the back of the paper if you feel the need.
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