For those that still need to open their minds about the one world herding to total hive/worker bee domination, you may want to take the time to break your brainwashing by watching David Icke’s presentation about the matrix from Wembley on October 27, 2012. If you still think that our totally backwards and upside down world is somehow the norm, watch the Black Friday shoppers corporate owned moos fighting over cell phones and ask yourself if this is all we were meant to be? (more…)
(Editor’s Note: There is, once again, a massive amount of information in this post. Make sure to hit ‘Read the rest of the article’ to see Savant Noir’s breakdown of the United Nations’ Agenda 21 plan.)
IBM Smart Cities Web Page
Corpus Cristi has just joined cities across the world in using IBM technology to make the lives of their citizens better by improving communications, efficiency, and cost containment. In theory, the work that IBM, Siemens and Cisco are doing would be considered plain common sense by using technology to make required city services more efficient…until one gets to the word ‘sustainable’, and then we are back to that pesky, globalist movement, the United Nations’ Agenda 21 masquerading as a wise use of technology to maintain resources.
Data analytics provides the city with actionable intelligence
ARMONK, N.Y. – 13 Dec 2010: IBM (NYSE: IBM) today announced that it is working with the city of Corpus Christi, Texas to continuously improve efficiency and sustainability for the city’s more than 280,000 residents.
The city of Corpus Christi is applying IBM software to measure, monitor and improve the way it manages city water, roads, airport, parks, and utilities. With greater intelligence across its departments, the city can more quickly evaluate and respond to issues, anticipate and prevent problems, and improve the quality of life for its citizens.
“Corpus Christi is evolving into a more sustainable city — one that has intelligence, foresight and accountability built into the way we manage the services we provide our citizens,” said Steve Klepper, an administrative superintendent for Corpus Christi. “Working with IBM, we have the real-time status of city services, automated work orders and an overview of city’s infrastructure to better manage our resources, as well as better maintain the city’s mission-critical assets.”
IBM Smarter Cities
IBM has been helping cities across the U.S. and the globe become smarter by designing strategies for collecting, sharing, analyzing and acting on data. In addition to the projects in Corpus Christi, IBM is working with 300 cities including London, Stockholm, Sydney, Dublin and Amsterdam. For more information, on IBM Smarter Cities, please visit, http://www.ibm.com/smartercities.
When one takes the human interaction of looking somebody in the eye out of the equation, incredibly sophisticated and evil shit happens as microchips in your medications transmit data (unencrypted), can be used to track you and whether or not you are taking your meds, effect your chances of new employment, and trigger TSA violations.
I am feeling a big fat can of whoop ass coming towards Big Pharma as newly awakened Americans push for more natural remedies.
Many thanks to NaturalNews for an excellent article:
(NaturalNews) The age of pharmaceutical microchipping is now upon us. Novartis AG, one of the largest drug companies in the world, has announced a plan to begin embedding microchips in medications to create “smart pill” technology.
The microchip technology is being licensed from Proteus Biomedical of Redwood City, California. Once activated by stomach acid, the embedded microchip begins sensing its environment and broadcasting data to a receiver worn by the patient. This receiver is also a transmitter that can send the data over the internet to a doctor.
The idea behind all this is to create “smart pills” that can sense what’s happening in the body and deliver that information to the patient’s doctor. Novartis plans to start microchipping its organ transplant anti-rejection drugs and then potentially expand microchipping to other pharmaceuticals in its product lineup. This same technology could soon end up in pills made by other drug companies, too.
The best laid plans…
It all sounds good on the surface, but NaturalNews readers no doubt have lots of skeptical questions about this technology. For starters, Novartis apparently isn’t planning on conducting any clinical trials that might take into account the safety issues of swallowing microchips. “Novartis does not expect to have to conduct full-scale clinical trials to prove the new products work,” reports Reuters. “Instead, it aims to do so-called bioequivalence tests to show they are the same as the original.” (http://www.reuters.com/article/idUS…)
But I have a question: What chemicals or heavy metals are contained in the microchip itself? A microchip that transmits data obviously must have a power source, meaning it needs to have a very small battery or capacitor of some sort. The materials used in capacitors and batteries, to my knowledge, are toxic to the human body and should never be eaten.
Microchips are not food, and to swallow them seems risky to your health, especially if you’re swallowing several microchips per day.
Data privacy
Another huge concern with microchips that transmit data is data privacy. If these microchips are broadcasting information, then obviously that information can be picked up by anything nearby, including potentially unscrupulous individuals or organizations who might put it to a nefarious use.
For example, suppose a local pharmacy store installs a microchip signal detector in their main door entrance in order to track people who are broadcasting medication data. They could then theoretically decode that data and use it to determine what health condition that customer might be suffering and then push competing generic pharmaceuticals as a replacement.
Government agents could carry “pharma microchip scanners” that determine what pills you’re taking right now. This could be used to violate your privacy by sharing that data with other government agencies or it could even be sold off to third-party marketing companies.
I very much doubt the data being broadcast by the microchips in these pills will be encrypted because encryption requires real processing power, and there isn’t room for much of a CPU or power source inside these tiny microchips. Most likely, they are going to broadcast raw signal data that can be detected and decoded quite easily.
Remember to take your meds
But the really scary part about these microchipped medications is that this technology will be used to make sure people are taking their medication. Drug companies lose billions of dollars a year (in their minds) from patients not remembering to take their pills. Of course, half the reason they can’t remember to take their pills is because many pharmaceuticals damage cognitive function, but that’s another story.
So this smart-pill microchip technology will likely be used to track what pills patients have taken so that they can be “gently reminded” to take more pills they may have forgotten. In the marketing business, this is called a “continuity program.” It’s a way to make sure repeat sales happen on a regular basis.
In this context, microchipping the pills benefits the drug companies, not necessarily the patients. This is especially true when considering those pharmaceuticals that are harmful to human health — and we all know the pharmaceutical market is full of pills that have later been found to be extremely dangerous or even deadly (Vioxx, anyone?).
Coming soon: Police drug scanners and employer drug scanners
Now, there may be one interesting side effect to all this: Employers who are interviewing potential job candidates might be able to buy (or make) simple drug scanning devices that detect the presence of a pharmaceutical microchip broadcast signal. (You could probably make one in your garage from electronic parts purchased at Radio Shack.)
This might be very useful for employers who don’t want to hire people taking medications. They invite you in for an interview and quietly scan for drug broadcast data. A red light tells them you’re broadcasting medication data, and they calmly tell you the interview is over and “we’ll get back to you.”
With employers right now drowning in health insurance costs, this could provide a simple, easy way for corporations to avoid taking on anyone who might create a cost burden on their health insurance plans (from their point of view). I don’t necessarily agree with this use of the technology; I’m just saying this is one way in which it is likely to be used by employers to screen out employees who are on medications.
Cops, too, could use a similar scanning device to determine if a driver at the scene of an accident might be medication impaired. Now this is a use I actually do agree with. Today’s roadways are filled with mentally impaired drivers who are doped up on medications. The problem is actually far worse than drunk drivers, by the way, and yet virtually nothing is being done to combat this problem of “medicated drivers.” (Most people don’t even know the problem exists.)
If people taking medications are broadcasting that fact through all the little microchips they swallow, then scanning for the presence of medications is simple. It’s even easier than a breathalyzer test because it requires no action on the part of the test subject. The cop just presses a button, waits two seconds, and can then determine whether you’re broadcasting medication data. At that point, you might be arrested under suspicion of “driving while medicated.”
Another reason not to take meds
There are clearly a lot of unanswered questions and even some potential risks involved in taking microchipped pharmaceuticals. For some people, privacy issues may be the biggest factor of all, because who wants to broadcast the fact that they’re taking meds in the first place?
I don’t take any pharmaceuticals, obviously, and most NaturalNews readers avoid them, too. The fact that drugs will soon be microchipped is yet another good reason to find more holistic ways to take care of your health. Don’t bet your life (and your privacy) on Big Pharma’s pills. Choose a healthy, holistic lifestyle based on nutritious, organic foods, regular exercise and the avoidance of all man-made (synthetic) chemicals, and you most likely won’t ever need pharmaceuticals for your entire life.
The age of microchipping people and microchipping medications is now upon us. Given what the TSA is doing right now with naked body scanners (http://www.naturalnews.com/030100_n…), you can only imagine what Big Brother will do with any medication data you might be broadcasting from inside your body.
In fact, the very idea that there is a microchip inside your body that’s broadcasting data might get you flagged as a possible terrorist by the TSA, which would then proceed to finger your genitals and palm your breasts as part of their new “enhanced pat-down” groping technique. (http://www.naturalnews.com/030302_T…)
The best way to avoid all this risk is to simply eat your veggies and drink your superfoods. Don’t become a trackable, traceable, microchipped subject of the medical industry that wants to turn your body into a chemical profit center.
Nothing surprises me anymore; nothing. I had to stop writing the ‘Are You Freakin’ Kidding Me?‘ articles because the depth and breadth of the under-the-radar fascist takeover of America is almost complete. The globalists have the Federal Reserve Mafia, Obamacare, Codex Alimentarius, nationalized industries (etc.), and now they want to push through S. 510 to make the moos safe from themselves to give Big Agra an even bigger boost than just allowing them to run freakin’ wild and pollute the world with genetically modified organisms.
When it comes to the actions of the four armed policemen in the following video, I want to know when the military and law enforcement are going to remember their oaths to the Constitution and stop acting like the Gestapo when treating every single American, their pets, and their frakkin’ produce like criminals? WHEN?
Some people balk at restrictions on selling unprocessed milk and other foods. ‘How can we not have the freedom to choose what we eat?’ one says. Regulators say the rules exist for safety and fairness.
July 25, 2010|By P.J. Huffstutter, Los Angeles Times
With no warning one weekday morning, investigators entered an organic grocery with a search warrant and ordered the hemp-clad workers to put down their buckets of mashed coconut cream and to step away from the nuts.
Then, guns drawn, four officers fanned out across Rawesome Foods in Venice. Skirting past the arugula and peering under crates of zucchini, they found the raid’s target inside a walk-in refrigerator: unmarked jugs of raw milk.
A very large number of Americans are awake, and events like this are no longer shocking because the moos are aware. We know Obamacare is meant to cripple American taxpayers by making current revenue streams to the government even larger through the IRS and the new taxes being levied. We know that Obamacare is a population control mechanism, and we know that police raiding a private co-op over raw milk has a beginning; H.R. 2749, Food Safety Enhancement Act of 2009, passed by the House on July 30, 2009. It appears that H.R. 759: Food and Drug Administration Globalization Act of 2009 had a bit too out-in-the-open name so Rep. John Dingell (D-MI) came up with something new.
The end will be S. 510, FDA Food Safety Modernization Act which is currently sitting in the House Subcommittee for Homeland Security (gotta love that!) with a price tag of $825 BILLION for fiscal year 2010. I have been watching this bill since I became aware of it last fall, and, from all reports, it will effect every single home gardener in America (if we allow it). Do I hear a chorus of moos?
(Editor’s Note: As with all the information presented in the ‘Noose’ series of articles, please keep an open mind, read the material and corresponding links, do the homework and stop being JUST A MOO producing a revenue stream for the powers that be. Be skeptical; I am. Ask the hard questions. Now more Americans are awake than ever; join us and help us find the ‘real truth’ that has been hidden for centuries. The more people turning over rocks, the faster the truth is going to be known.)
Over the course of the last two months traveling through the labyrinth, I have found it incredibly hard to find a starting point for this series of articles. In desperation, I finally decided to start writing about current events and how discovered research applied to today’s news. Take, for example, the run on Kabul Bank, and the corresponding actions by Afghanistan Central Bank and our Treasury which leads back to the UN, IMF, The Fed, etc. We all know who the players are, what we haven’t been able to prove exactly the combination of who, what, where, when, and how when it comes to wars, national bankruptcies, treaties, government as corporations, and politicians as corporate entities because A) we have been blanketed with thousands of pages in hopes of demoralizing us, and B) much of the documentation is hidden from the public. We know this. To give you some idea of the scope, I spent the morning reading the Paris Peace Treaty of 1783, Bush 41’s EO 12803, and Clinton’s EO 13037 after I had come up empty-handed looking for monetary information on the U.S. Treasury setting up the Afghanistan Central Bank. I know our treasury spent our money on yet another central bank, but find out how much of the billions we have poured into Afghanistan went to establish the bank and anything other than 2002 as a date? Nada. What about Iraq’s central bank which came into existence in 1956 and was nationalized in 1964? Did it change when our government toppled Saddam’s regime? Does it look like The Federal Reserve? What do you think?
The CBI law establishes a Financial Services Tribunal empowered to review decisions and orders of the CBI including actions taken by a conservator or receiver under the Banking Law. The Tribunal is not authorized to review CBI decisions or actions concerning monetary policy and exchange rate policy. The Tribunal will comprise panels of judges appointed by the Minister of Justice. Articles 63-70
What about this?
Prior Law The prior law governing the Central Bank of Iraq was the Central Bank of Iraq Law No. 64 of 1976. The prior law is repealed by the new law. Article 73 In July the Coalition Provisional Authority issued CPA Order No. 18, “Measures to Ensure the Independence of the Central Bank of Iraq.” This order suspended the authority of the CBI to lend to Iraqi Government Ministries and gave the CBI authority to determine and implement monetary and credit policy without the approval of the Ministry of Finance.
Who then would be giving the Central Bank of Iraq their marching orders considering the state the country is still in?
Regulating the banking sector for promoting a competitive and stable financial system
I am currently contemplating turning my living room wall into a whiteboard to keep track of all the different parties and agendas in play. What I have been able to ascertain is that the United Nations appears to be ‘the face’ and the hub from which all the different coalitions and policies are being sent forth; equivalent to the biggest airport terminal in the world. I would dearly love to know exactly who owns the airport; ‘The International Banksters’ isn’t specific enough for me. I want names; all their names.
Please take five minutes to watch this video and I guarantee you will be as skeptical as I still am, but more questions than answers still remain. Why does our government vote against its constituents? Why does the FBI consider ‘American Sovereigns’ to be domestic terrorists? Why have the police been para-militarized, and over-react on a daily basis? Why have doctors stopped curing conditions and only treat symptomology? Why has Monsanto been allowed to run wild in Iraq and Afghanistan? Why did WE spend $582 Million to build an Embassy complex in Iraq? Why has the Federal Reserve been allowed to prosper when they have done nothing except the opposite of their supposed mission to ensure economic stability? Why does any nation follow any proposal the United Nations puts forward when nothing but wars and genocide have happened under their ‘peaceful’ watch?
After a year of humiliating setbacks, United Nations Secretary General Ban ki-Moon and about 60 of his top lieutenants — the top brass of the entire U.N. system — spent their Labor Day weekend at a remote Austrian Alpine retreat, discussing ways to put their sprawling organization in charge of the world’s agenda.
(Editor’s Note: Monster readers know that I have been inside the labyrinth for a little over two months now. The size and scope of the web that surrounds us grows each day that I read reports from the World Bank, IMF, FAO, Treasury Department, State Department, etc., and dig through legislation that is decades old. I have come to the conclusion that breaking it down into smaller pieces may allow readers to grasp more without becoming totally overwhelmed. American Patriots are going to take the Congress and White House back from the globalists, but what then? We need to educate ourselves on how wide the web reaches, and to do that, you need to be looking at the scope on an international level, and at the United Nations. The battle starts with our own Federal Reserve and branches out from there. Abolishing the Federal Reserve cuts the head off the beast that is draining our wealth and enriching America’s true enemies.)
This is a very important French documentary about Monsanto that I urge you to watch in it’s entirety as you will be getting base knowledge for upcoming posts on Monsanto, Iraq, and Afghanistan. The documentary is from 3.11.2008 and has a run-time of not quite 2 hours. Please keep in mind that in 2004, Iraq Patent Law made it illegal for farmers to save seeds, yet in 2005, the FAO stated that the country’s seed industry had collapsed and it wasn’t able to meet farmers’ needs. Why does Iraq matter? The massive transnational agriculture corporations are moving on these two countries and only GMOs are being supplied for crops as they are ‘high-quality’ and ‘high yield’. Yet, the farmers aren’t allowed to retain seed; buying new each year, and there is emerging evidence that the GMOs are harmful to the environment and humans. The corporations already control you through debt; now they get to control the food supply. Add Codex Alimentarius and Agenda 21; our gooses are cooked…
I have never seen a situation where one company could have such overwhelming influence at the highest levels of regulatory decision making as the example of Monsanto with it’s GM food policy and the government. – Jeremy Rivkin, Pres. of the Foundation For Economic Trends
(UPDATE: Everybody please wave to the Comptroller of the Currency! Hey Compy – I have a very special post coming your way…) (Editor’s Note: Monster Readers? Are you ready to take a look at the debt noose around your necks?)
Remember way back when (March, 2009) when AIG paid out $90 Billion in US taxpayer funds to American investment houses that were already receiving TARP funds, and also to foreign banks? As of March, 2009, AIG had received $182 Billion in bailout funds.
Financial companies that received multibillion-dollar payments owed by A.I.G. include Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion),Bank of America ($5.2 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).
Big foreign banks also received large sums from the rescue, including Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion; Barclaysof Britain ($8.5 billion); and UBS of Switzerland ($5 billion).
Yesterday, 9.1.2010, Afghanistan’s Central Bank took over the largest private bank in the country and threatened the top brass of Kabul Bank with arrest for ‘illegal loans’ and misuse of bank funds to purchase real estate in Dubai if they did not resign. It appears that the Central Bank governor and General Petraeus were the voices behind Karzai’s decision to ‘change management’ of Kabul Bank. This bank reportedly has $1.3 billion in deposits from ‘ordinary afghans’, yet only about 5% of Afghans have bank accounts. (Source: Washington Post)
Today, 9.2.2010, the Treasury is working with the Afghanistan Central Bank (which we taxpayers spent millions to set up; betcha didn’t know that!) as they are watching Afghans scramble to pull their money out of Kabul Bank. According to the Washington Post article, shareholders state there is $500 million in liquid cash but most of it is sitting inside the Central Bank. (Source: Washington Post).
Why would most of the largest private bank’s funds be sitting inside the Central Bank?
(Editor’s Note: Get ready for the Monster to start going sideways again. I will be tracking our visitors and we will be giving out special Monster Waves to the deserving parties. Look for notifications in the sidebar.)
In closing, I would like to state that the entire leadership structure has been corrupted. You are more than aware that we can no longer trust the White House, the Congress, Military Brass, the Supreme Court or any of the egghead ‘think tanks’ being funded by both sides. Trust your instincts, work toward making your state’s sovereignty the most important issue your individual candidates focus on, and holler, scream, petition your state legislatures to work toward getting the United Nations out of our country and our lives. When this pResident tries to sign an executive order approving one of their treaties or this Congress votes to sign a United Nations treaty, MARCH ON WASHINGTON!
Let’s start with a taste of one of at least three intersecting rabbit holes. Please make sure to read all the sections, including the quoted text from the ‘About Page’ of the Carnegie Endowment for International Peace. A few of my readers know that I believe Andrew Carnegie to have played a major role in the current globalist war we now face since his return from a trip to Britain in 1888. (Many readers will recognize the names listed, and emphasis from this point on is mine.) The actual article from CNN about the UN pushing for an international monetary standard follows the excerpts about Alger Hiss and Harry Dexter White.
ALGER HISS
Alger Hiss, convicted of perjury, and known communist, helped write the United Nations Charter.
In 1950 the State Department issued a volume entitled Postwar Foreign Policy Preparation, 1939-45. It described in detail the policies and documents leading up to the creation of the United Nations and named the men who shaped these policies. This and similar official records reveal that the following men were key government figures in UN planning within the U.S. State Department and Treasury Department: Alger Hiss, Harry Dexter White, Virginius Frank Coe, Dean Acheson, Noel Field, Laurence Duggan, Henry Julian Wadleigh, John Carter Vincent, David Weintraub, Nathan Gregory Silvermaster, Harold Glasser, Victor Perlo, Irving Kaplan, Solomon Adler, Abraham George Silverman, William L. Ullman and William H. Taylor. With the single exception of Dean Acheson, all of these men have since been identified in sworn testimony as secret Communist agents!
Yesterday was the Monster’s 2nd birthday, and as you may have noticed, I haven’t published any current events in a few days. Unfortunately for me, the research I have been doing has shifted my paradigm irrevocably, and my largest concern right now is whether or not the RedLemur and I have enough time to get the research done and write a series of articles that lays out the web in such a way as to be easily understandable.
That being said, this writer needs to take a break from posting about current events on a daily basis. For two years, I have written and tried to wake up as many people as I can to what the MSM and their globalist masters have hidden from you. Now my time needs to be spent researching almost exclusively instead of telling you about the latest insanity from the revolutionaries in the White House and the monied chess players in the shadows. We now have plenty of alternative media ranging from Drudge, BigGovernment, InfoWars, and Gateway Pundit to smaller blogs chasing the insane “reform” bills in Congress. I really need to devote my time to the noose hiding in plain sight that is tightening around our necks.
Glenn Beck spoke earlier in the week about connecting the data points to see the bigger picture. That is exactly what is happening right now, and because of the scope and time frame of the elitists’ plan, I cannot spend my time telling you about the indonesian/kenyan in the WH golfing while the oil leak is still gushing. Believe it or not, unless Barack Obama is doing something involving the United Nations or Sweden, his actions are no longer relevant in the paradigm I now have to live in. Oh, to put this genie back in the bottle…
I will continue to put up Beck shows that I feel are relevant; say what you want about Beck, he actually has some damn fine research being fed to him, and he does hit some of the data points from time to time. He probably knows about quite a few of the rest but just does not want to believe it.
I will also post Judge Napolitano’s FreedomWatch for as long as they allow it to be on the air because more people need to start thinking like Constitutionalists that value American sovereignty, individual rights, and property rights so that you will understand the level of serfdom/slavery we are already subject to.
I do not know when I will start publishing the ‘noose’ articles, so I recommend that you subscribe by email as you will be notified of any new articles. I want to thank all my loyal readers and my sponsors for standing beside the Monster on the path that we have been traveling. I will be sending you emails soon.
For fellow researchers out in the ether, if you want to send me links on Monsanto and Rand, please feel free to hit the Contact Page at the top of the blog.
In closing, I would like to state that the entire leadership structure has been corrupted. You are more than aware that we can no longer trust the White House, the Congress, Military Brass, the Supreme Court or any of the egghead ‘think tanks’ being funded by both sides. Trust your instincts, work toward making your state’s sovereignty the most important issue your individual candidates focus on, and holler, scream, petition your state legislatures to work toward getting the United Nations out of our country and our lives. When this pResident tries to sign an executive order approving one of their treaties or this Congress votes to sign a United Nations treaty,MARCH ON WASHINGTON!
I wrote about it; I tried to warn people, but after the healthcare fight we just went through, I think most people just wanted a breather from battling the fascists in Washington (to our long-lasting detriment).
Now we have the financial reform bill that includes the new federal agency Office Of Financial Research, and the Bureau of Consumer Protection keeping track of every single financial transaction you could possibly imagine; including your bank balance, and when you walk to the ATM to take cash out. I wasn’t lying, but I do think I was one of very few writing about it.
The fascists have the banks, the insurance companies, the credit card companies, the car companies, OUR healthcare, and now Americans’ financial transactions.
(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, including customers’ addresses and ATM receipts. (emphasis mine)
The Senate voted 59-39 on Thursday to pass the bill – the chief aim of which is to more-heavily regulate the financial industry – sending it 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, will 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.
The new bureaucracy is then allowed to “use the data on branches and [individual and personal] deposit accounts … for any purpose” and may keep all records on file for at least three years and these can be made publicly available upon request.
*break*
Shelby slammed the new consumer bureaucracy, saying that it was meant not to protect consumers but to “manage” them by monitoring their behavior.
“Mr. President, make no mistake, behind the veil of anti-Wall Street rhetoric is an unrelenting desire to manage every facet of commerce under the guise of consumer protection.
“They may be interested in protecting consumers, but they are more interested in managing them,” Shelby said.
Shelby also criticized the idea that Americans need government to watch over their every financial move, saying that it was better to allow people the freedom to make their own choices and fail than to never allow them the freedom to choose at all.
“Mr. President, I have faith in the American people and their ability to make good choices,” said Shelby. “Granted, we do not always choose well. But I believe that a poor choice freely made is far superior to a good choice made for me.”
“I am afraid that the architects of this bill do not share this sentiment,” he said. “Nor do they share my faith in the American people.”
Shelby further said that the ability of the Federal Reserve to collect such detailed information about the most basic of financial transactions was the beginning of an effort by government to regulate every financial action of every American citizen.
“This new consumer bureaucracy is intended by its architects in the Treasury to begin the process of financial regulation with the intent of changing the behaviors of the American people,” said the senator.
Shelby appears to be correct. The bill allows the bureau to collect any and all information on any person operating in the financial markets.
As it reads: “[T]he Bureau shall have the authority to gather information from time to time regarding the organization, business conduct, markets, and activities of persons operating in consumer financial services markets.”
Meanwhile, depending on the conference version of this bill, you may be able to fund a new federal agency that takes idle appropriations, invests them, and keeps the profits. Those profits are ‘not considered the government’s property’. I am still trying to ascertain who that money actually belongs to because it is not yours anymore.
I am currently reading this bill and wanted to drop an interesting tidbit on you. For those interested in reading the 114 page Manager’s Amendment, go here. I am only a couple hundred pages into this POS but starting on page 60, a new government office is to be established. The “Office Of Financial Research” will be part of the Treasury, and will have a Director appointed by the President and confirmed by the Senate. This office will also have a data collection center to keep track of all financial and nonbank financial institutions so as to be able to report to Congress on companies that ‘threaten’ the economy. It is unclear how big or how many new government employees this office will create, but considering how events are unfolding now with Obamacare, I’m assuming pretty large.
The interesting tidbit pertains to the Financial Research Fund that is to be established and the ability of the Office that is providing Congress with reports to invest monies they aren’t using. Let me know if you think that’s a conflict of interest, and if you would like to know exactly how much money that is?
“Funds obtained by, transferred to, or credited to the Financial Research Fund shall be immediately available to the Office, and shall remain available until expended, to pay the expenses of the Office in carrying out the duties and responsibilities of the Office.”
The above quotes are from Chris Dodd’s markup draft. I went to the actual amended bill (Amendment No. 3739 of Bill S. 3217) that was passed and found the pertinent information starting on page 62, with the investment and non-governmental monies section on page 78. It’s still in there.
At this point, the underground economy is about to get a bit larger.
UPDATE: More information on the Office Of Financial Research, here.
