While You Were Watching Costa Concordia MSM Coverage, TurboTax Timmie Was Moving Money

While You Were Watching Costa Concordia MSM Coverage, TurboTax Timmie Was Moving Money

Anybody surprised that on Tuesday past, the main stream media was shoveling footage of the capsized Costa Concordia while Treasury Secretary and former chairman of the NY Federal Reserve Bank is raiding federal pension funds in order to give Obama some financial wiggle room? Anybody? Nah, didn’t think so. Also, if you think SOPA is only about online piracy, maybe it might be time to check into Bitcoin and see how former Chairman of the Senate Banking Committee, Chris Dodd, is now the head of the Motion Picture Association of America; the prime mover and shaker behind SOPA and PIPA and how it might benefit his global elite banking buddies if they aren’t cut out of financial transactions between little people via the peer-to-peer digital currency of the future. (more…)

Oops, Obama And Dodd Forgot International Money Transfers

Oops, Obama And Dodd Forgot International Money Transfers

It appears that Chris Dodd’s financial industry overhaul bill missed an important fascist piece of the puzzle, international electronic money transfers.  Somehow the Office of Financial Research that will have a database to track every single financial transaction in the country wasn’t given the power to track international wire transfers.  Chairman Zero is rectifying this error with a new bill requiring U.S. banks to report all such transfers according to the Washington Post.

Money transfers could face anti-terrorism scrutiny

The Obama administration wants to require U.S. banks to report all electronic money transfers into and out of the country, a dramatic expansion in efforts to counter terrorist financing and money laundering.

Officials say the information would help them spot the sort of transfers that helped finance the al-Qaeda hijackers who carried out the Sept. 11, 2001, attacks. They say the expanded financial data would allow anti-terrorist agencies to better understand normal money-flow patterns so they can spot abnormal activity.

Remember moos, you are guilty before proven innocent.

“By establishing a centralized database, this regulatory plan will greatly assist law enforcement in detecting and ferreting out transnational organized crime, multinational drug cartels, terrorist financing and international tax evasion,” said James H. Freis Jr., director of Treasury’s Financial Crimes Enforcement Network (FinCEN).

But critics have called it part of a disturbing trend by government security agencies in the wake of the 2001 attacks to seek more access to personal data without adequately demonstrating its utility. Financial institutions say that they already feel burdened by anti-terrorism rules requiring them to provide data, and that they object to new ones.

As for money laundering, what about this?  Don’t be fooled, this bill is about the average American, and what we are capable of when our country starts to go blatantly globalist.

What ‘Livable Communities’ Actually Means

What ‘Livable Communities’ Actually Means

(Editor’s Note: I am about to dump a massive amount of info on you folks.  READERS have no idea how fast I am trying to catch up on the Progressive ‘Destruction of America’ over the course of the last 120 years.  I must continue to stress to my readers that we MUST kick the United Nations out of our country as they are the facilitators of the progressives’ agenda.  For one moment, put aside the concepts of the Illuminati, devil worship, the Rothschildes, etc., and look at the facts.  At this moment in time, it does not matter what is driving the progressives to rule the world, all that matters is that they are achieving it with the help of the progressives in Congress and monied interests like George Soros.  Turn the box; look at the situation differently.

Also, I do have a theory about what is stalling Bambi’s agenda; ponder marxist revolutionaries versus global elites…)


A reader sent the following article to me this morning and because of it’s utmost importance to the labyrinth of rabbit holes, I find myself putting down ‘Chronology and Factbook of The United Nations, 1941-1991‘  and ‘Luce and His Empire‘ to bring you the following research about the UN’s plan to create a global socialist state with ‘sustainable communities‘ under the guise of global protection.  I know many of you have heard of the Agenda 21 Plan that came out of the Rio Earth Summit in 1992.  How many of you know that the Secretary General of that summit was Maurice Strong? (More on Maurice Strong later in this post.)

Senator Chris Dodd

Sen. Chris Dodd has only a few more months to shred the Constitution and he is continuing to set up the infrastructure the United Nations needs to collapse American sovereignty.  He has brought the UN’s plan closer to fruition with the Livable Communities bill under the guise of ‘traffic congestion’.  When his term is over, how many want to lay a bet that he permanently resides at his irish island estate on Galway Bay?

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Gerald Celente on The Dodd/Frank Financial Reform Bill, 7.22.2010

Gerald Celente’s take on the financial reform bill written by those two great capitalists, Chris Dodd and Barney Frank, and the “looming crash of 2010”.  Mr. Celente understands that we have to get Wall Street out of the White House.  The numbers, once again, do not lie.

Glenn Beck, 7.22.2010: Financial Regulatory Reform

Glenn gives a seventeen minute monologue about the financial regulatory reform bill that Obama just signed into law. Glenn is about to blow a gasket because it appears that he has figured out what’s in it and the effect that it is going to have on our republic. He believes the last nail has been hammered in the republic’s coffin, and I just have to wonder why he didn’t know about it sooner. We did…two months ago. (I’m still waiting for someone like Beck or Hannity to talk about the Office of Financial Research.)  His monologue starts at 7:11 in Part 1 and continues through Part 2.

Rashid Khalidi (Barack’s buddy), Ben Bernanke’s continued idiocy, jobless claims are up, adding the public option to Obamacare (why, it’s already in there), and the financial regulation bill brought forward by Dodd and Frank.

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Financial Regulatory Reform Passes; Time To Repeal (Roll Call Vote)

Financial Regulatory Reform Passes; Time To Repeal (Roll Call Vote)

Yep, they passed the 2300 page “kill small business” POS bill brought forward from those bastions of free market capitalism, Barney Frank and Chris Dodd.  Now it’s off to Chairman Zero’s desk for signature.

This new law will allow the federal government to grow even larger, and does nothing to protect consumers. Surprised?  If you want to know how badly you are getting screwed, go here.

For those that are keeping track and want the reference page for all the roll call votes for anti-American and anti-Free Market legislation that Bush and Obama pushed through (including Financial Reform), visit the Roll Call Vote Page.

From AP:

Wall Street crackdown, consumer guards, are passed

Big Brother’s Lock On Your Money Is Complete

Big Brother’s Lock On Your Money Is Complete

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.

Senate Democrats Pass Bill Allowing Govt to Collect Addresses, ATM Records of Bank Customers

(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.

4.15.2010

Obama Turns Financial Reform Into A Political Fight

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.

Three Republicans Vote For Cloture On The Senate Financial Bill (UPDATED: Video)

Three Republicans Vote For Cloture On The Senate Financial Bill (UPDATED: Video)

Are you ready for a new federal government agency (Office Of Financial Research) under the direction of Treasury that has a $500 BILLION DOLLAR YEARLY BUDGET, can invest appropriations it is not using, and the profits are no longer your money? Are you ready for every single monetary transaction you make to be in a government database?

You can thank Olympia Snowe, Susan Collins, and Scott Brown.

Senate Clears Way for Final Vote on Financial Bill

WASHINGTON—U.S. senators took a major step toward passage of a broad revamp of U.S. financial markets Thursday as Democratic leaders were able to secure support from both sides of the aisle to put a close to debate.

The Senate voted, 60-40, to limit debate on legislation that would change the way mortgages and credit cards are regulated, financial firms interact with regulators and boost the government’s ability to deal with systemwide failures. A handful of Republicans voted with Democrats to invoke what is known in the Senate as “cloture.”

The vote puts a hard cap on the amount of time the Senate has to debate the 1,500-plus page piece of legislation, and clears the way for the Senate to take a final vote on the measure as soon as Thursday evening. Senate Democrats would need to clear a handful of procedural hurdles for that to occur, but leadership was discussing the possibility, according to several congressional aides.

This is the massive hidden problem that no one in the Beltway is talking about; Republicans included:

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.”

“Shall not be construed to be Government Funds…”. Whose money is it then?

Senator Tom Coburn with Neil Cavuto:

Obama Stands His Ground With Republicans On ‘Financial Reform’

Obama Stands His Ground With Republicans On ‘Financial Reform’

Does anyone find it odd that Bambi ‘holds’ his ground with the republicans but chokes with the Somali Pirates and bows to just about everybody else?

Mr. Kuttner obviously has not read Dodd’s 1400 page masterpiece enough to know that it allows for bailouts in perpetuity (pg 1379).  I haven’t even gotten all the way through the book on financial reform and I already know that creating a new government agency with a $500 BILLION DOLLAR YEARLY budget to keep track of every single financial transaction known to mankind, invest money, and then report on the firms they have invested in probably isn’t the best idea.  This could be one of the reasons why Barry isn’t budging when it comes to ‘financial reform’.  I’m sure there are more progressive ideas tucked inside this bill.

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Gerald Celente’s Take On Financial Reform (UPDATED)

Gerald Celente’s Take On Financial Reform (UPDATED)

Gerald Celente of Trends Research Institute believes that the financial reform bill being put forward by Chris Dodd is just more dog and pony show coming out of the District.  Mr. Celente does not pull any punches in this interview with Russia Today about the players involved and the massive amount of money that is flowing back and forth between D.C. and Wall Street.  He even talks about the $10 million that Dodd has received from the financial sector in five years, and Greg Craig slithering from the White House over to Goldman Sachs to help out.

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