(Editor’s Note: Please open this post in it’s entirety to see the Scribd Doc and the images that pertain to the Office Of Financial Research.)
Sometimes I just feel the need to send a nasty email to Beck to ask him why HE LEAVES IMPORTANT DATA OUT of his segments. Today, he was covering the Frankendodd Financial Reform bill and he left out what I consider to be a very important piece of the puzzle; the Office Of Financial Research (page 65 to 82 of Scribd doc below). This new government agency has a reported $500 Billion dollar a year budget, reports to Congress on the financial health of companies in America by collecting every single bit of data that they can get their paws on. Not only do they report on companies, but they get to use appropriated and assessed funds that are not needed to invest in companies (financial?)… wait…it gets better…and then the profits are ‘not considered government funds’. How THE FRAK DOES THAT WORK? Does that not sound like insider trading to you, or at least a very big conflict of interest?
For the rest of the background info that Glenn is about to inform you of, go here, here, and here. For information on the granddaddy of all central banks, start here.
(Editor’s Note: In the early 1980’s, I read a book about the coming second great depression, and have lived to see it come true.)
Glenn covers the predictions that he has made and how many have come true in the last few years. Glenn continues to be accused of fearmongering, but many of us already knew what was going on before Beck hit Fox. Also, he shows this graphic of how TPTB are continuing to follow the agenda of the 1930’s progressives leading us into another depression – allowing for ‘global governance’. This graphic is the comparison of our current economy (blue) to the tracking of our economy during the 1930’s (yellow); they are awfully similar. The progressives in charge are not this stupid. Applying Occam’s razor that the simplest answer is probably the correct one – is it possible they are doing it on purpose?
Americans, with our live and let live philosophy, do not understand the symbolism to the Islamic Jihadists of the ‘call to prayer’ on top of the graves of some 3,000 people. This will be the symbolism of Islam’s conquering of America by using our own exceptional experiment of Constitutional principles against us. It CANNOT be allowed to happen. Our society is about tolerance; Islam is about subjugation under Shariah Law.
So America; how do you like the fact that you are ‘compliant‘ with Shariah.
Iman Feisal Abdul Rauf on how he does not need anybody’s permission to build a 13 story towering mosque on the graves of Americans killed by Islamic Jihadists. The iman’s book was originally called “A Call To Prayer From The World Trade Center Rubble, Islam Dawha (?) From The Heart Of America – Post 9/11”. Robert Spencer explains what dawha (?) actually means in relation to jihad.
A group of progressive police chiefs are meeting with Eric Holder about Arizona’s immigration law. FoxNews read the entire press release which led to pertinent information that includes amnesty and pro-gun control stances.
It just keeps dropping. Teleprompterboy was never qualified to hold this office and now we have the perfect storm of BP’s oil spewing crisis, North Korea going sideways again, Iran getting nukes, Wall Street tweaking, BIS trying to control all the money, Europe on fire, China getting edgy about our debt, Arizona doing the feds’ job, and Joe Sestak’s statement that he was offered a job. The White House isn’t denying it, rather they are saying nothing inappropriate happened. Remember, half truths are much easier to slide by the public than full out lies. Impeachment is looking more and more possible…
5.26.2010
Thought you might like to see this graph also. It looks exactly the way I expected it would.
Tongue firmly in cheek, Rep. Barney Frank (D-Mass.) on Tuesday afternoon called on reporters to demand to see the birth certificate of new Rep. Charles Djou (R-Hawaii).
As Djou (pictured here) was being sworn into office, Frank walked the hallway of the Speaker’s Lobby off the House floor calling on the media to “do your job” and review Djou’s papers.
It was a small bit of payback for the enormous amount of attention some conservatives (and the media) paid to the is-the-president-really-from-America controversy.
But, unlike the commander-in-chief, as Frank knows, being born outside the U.S. does not preclude you from becoming a member of Congress.
Ms. Geller speaking to the Tennessee Tea Party about the Treasury giving seminars on sharia finance, and how sharia law is creeping into our society very stealthily. Pam also covers the protest on June 6th against the mega-mosque being built at Ground Zero. On this issue, I must put my libertarian beliefs aside and state as an American, muslims MUST NOT BE ALLOWED to have the call to prayer at Ground Zero as it will symbolize their conquest of America. If this is allowed to happen, it will become the battle call for the reemergence of the Persian Ottoman Empire.
Stop Islamization Of America
Pam Geller’s seminar at the Tennessee Tea party: “Truth is the new hate speech”
Capital is the body fat of banking: too much is debilitating, too little is fatal. During the financial crisis, as large banks burned through their capital reserves, governments were forced to add padding at public expense.
Now one of the most consequential decisions about new restraints on the banking industry — how much more capital banks should hold in their rainy day reserves — is being decided not on Capitol Hill but far from Washington, by a committee based in Basel, Switzerland, The New York Times’s Binyamin Appelbaum reports.
The Obama administration is pursuing an international agreement to make banks hold significantly larger reserves, which it regards as essential to increase the stability of the global financial system. It wants to complete the negotiations, which are being coordinated by the Basel Committee on Banking Supervision, by the end of the year.(emphasis mine)
The world’s largest banks have responded with consternation, arguing that the proposed standards would tie up too much money that otherwise could be used for lending, a loss that would curtail economic growth.
The debate between regulators and banks is about the proper balance of growth and safety, but the implications are much broader. In fixing reserve requirements, governments are deciding how much horsepower belongs under the hood of the global economy.
*break*
The first international agreement, known as Basel I, was reached in 1988. Work began almost immediately on a revision, but the standards known as Basel II were not completed until 2004. Now officials are racing to overhaul that framework in little more than a year.
“We’re going to be pushing through this year to make sure that happens. That’s an absolutely critical part of reform,” said Michael S. Barr, assistant Treasury secretary for financial institutions.
*break*
The Basel committee is still discussing how much to increase the minimum capital requirement. The amount will depend in part on the results of a study estimating the impact of the proposals on banks, scheduled for discussion at the next meeting of the G-20 in June.
What the NYTimes is not telling you is that this is the Bank of International Settlements. THAT bank.
Do we really want the Bank for International Settlements (BIS) issuing our global currency
In Tragedy and Hope: A History of the World in Our Time (1966), Dr. Carroll Quigley revealed the key role played in global finance by the BIS behind the scenes. Dr. Quigley was Professor of History at Georgetown University, where he was President Bill Clinton’s mentor. He was also an insider, groomed by the powerful clique he called “the international bankers.” His credibility is heightened by the fact that he actually espoused their goals. He wrote:
“I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960’s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. . . . [I]n general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.”
Quigley wrote of this international banking network:
“[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
The key to their success, said Quigley, was that the international bankers would control and manipulate the money system of a nation while letting it appear to be controlled by the government. The statement echoed one made in the eighteenth century by the patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791:
“Allow me to issue and control a nation’s currency, and I care not who makes its laws.”
Mayer’s five sons were sent to the major capitals of Europe – London, Paris, Vienna, Berlin and Naples – with the mission of establishing a banking system that would be outside government control. The economic and political systems of nations would be controlled not by citizens but by bankers, for the benefit of bankers. Eventually, a privately-owned “central bank” was established in nearly every country; and this central banking system has now gained control over the economies of the world. Central banks have the authority to print money in their respective countries, and it is from these banks that governments must borrow money to pay their debts and fund their operations. The result is a global economy in which not only industry but government itself runs on “credit” (or debt) created by a banking monopoly headed by a network of private central banks; and at the top of this network is the BIS, the “central bank of central banks” in Basel.(emphasis mine)
Behind the Curtain
For many years the BIS kept a very low profile, operating behind the scenes in an abandoned hotel. It was here that decisions were reached to devalue or defend currencies, fix the price of gold, regulate offshore banking, and raise or lower short-term interest rates. In 1977, however, the BIS gave up its anonymity in exchange for more efficient headquarters. The new building has been described as “an eighteen story-high circular skyscraper that rises above the medieval city like some misplaced nuclear reactor.” It quickly became known as the “Tower of Basel.” Today the BIS has governmental immunity, pays no taxes, and has its own private police force.4 It is, as Mayer Rothschild envisioned, above the law.
The BIS is now composed of 55 member nations, but the club that meets regularly in Basel is a much smaller group; and even within it, there is a hierarchy. In a 1983 article in Harper’s Magazine called “Ruling the World of Money,” Edward Jay Epstein wrote that where the real business gets done is in “a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat” – those from Germany, the United States, Switzerland, Italy, Japan and England. Epstein said:
“The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments. . . . A second and closely related belief of the inner club is that politicians should not be trusted to decide the fate of the international monetary system.”
In 1974, the Basel Committee on Banking Supervision was created by the central bank Governors of the Group of Ten nations (now expanded to twenty). The BIS provides the twelve-member Secretariat for the Committee. The Committee, in turn, sets the rules for banking globally, including capital requirements and reserve controls. In a 2003 article titled “The Bank for International Settlements Calls for Global Currency,” Joan Veon wrote:
“The BIS is where all of the world’s central banks meet to analyze the global economy and determine what course of action they will take next to put more money in their pockets, since they control the amount of money in circulation and how much interest they are going to charge governments and banks for borrowing from them. . . .
“When you understand that the BIS pulls the strings of the world’s monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency.”5
No Federal Reserve, no BIS involvement. Is it any wonder we have been screaming for the abolishen of these leeches for so long? American debt is 90.3% to GDP currently. Does anybody really think that Federal Reserve Notes are going to survive this? Are you ready for ‘global cash’?
