FOR YEARS, my readers have been accessing information about how the federal government, the Federal Reserve, America’s largest corporations, and the largest banks have been siphoning off trillions of dollars of America’s wealth in hopes of propping up the financial system that has crashed our real economy and making a profit while doing it. Today, Glenn has finally decided to tell most of the truth, possibly because he now has short-timer’s or maybe his conscience has finally kicked in but he does start out this show by showing his famous blackboard with the words ‘Prepare‘ crossed out and the new line ‘Call 911, you are being robbed’ written down.
FINALLY Beck is talking about the ‘LOOTING OF AMERICA‘ by the Federal Reserve and aspects of the financial system. Please check out the links at the bottom of the post for the information that has been on the ‘net for YEARS telling about this very same crisis as it has been occurring.
There is a reason why we have been running ourselves into the ground saying, ‘We are so very screwed!’ and ‘When are the banksters prosecutions going to being?’ Is it real enough yet?
Alex Jones interviews former Goldman Sachs managing director Nomi Prins about the pillaging of the average American by the Federal Reserve and the big banks that has occurred in the effort to prop up the big banks. They cover S&P’s warning about America’s debt, the Obama administration trying to stop the warning from being issued, and what is coming down the road for us. (See Nomi’s bio below.)
I call it financial homicide by the banks, and Geithner is sortof the accomplice because he, under him, the Treasury Dept. increased the Treasury debt by $4 trillion dollars. So for him to come around and say, ‘oh, by the way, if you, Congress, don’t increase the debt cap by, whatever amount, whether it’s a penny or a trillion, it doesn’t matter, the idea is that if we don’t incur more debt, our debt will become less worthy, which is just a.) not logical, and b.) how Geithner has operated thru the bailouts and since he’s been Treasury Secretary, which is to continue to deny that much of the debt problem, most of the debt problem, arguably all of the debt problem, has happened because of this imparting of debt to bailout Wall Street, to subsidize the financial system, to go back and forth between the Fed who buys the debt, the Treasury increases the debt, the Fed buys the debt, and has this sorta back and forth ball going between them which only decreases our value as a nation. Our entire book, our balance sheet as a nation, and the Fed will continue to do this. We know that when June comes along, the Fed is going to go from QE 2 to QE whatever, they might call it something else; they will find ways to continue to throw this ball back and forth.
Nomi Prins, Former Goldman Sachs Managing Director: Bankster Collusion and Bailouts
Alex welcomes back to the show author and journalist Nomi Prins, who will talk about the economy, the seismic debt increase and Treasury Secretary and former Federal Reserve honcho Tim Geithner. Before becoming a journalist, Nomi worked on Wall Street as a managing director at Goldman Sachs, and running the international analytics group at Bear Stearns in London. Her latest book is It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street.
Folks, you are going to love this video message from the Federal Reserve telling us exactly what a bunch of dumbed down, apathetic, corporate-owned moos we actually are and how they have been pirating our wealth for decades. This message includes everything from gold confiscation to the Patriot Act. PLEASE FEEL FREE TO SEND THIS TO EVERYONE YOU KNOW!!
If there was ever any doubt in your mind as to whether Mitt Romney is the aristocracy’s pick to replace Obama, try this on for size.
Mitt Romney: “I’m Not Going To Focus On The Fed”
“I think Ben Bernanke is a student of monetary policy; he’s doing as good a job as he thinks he can do,” Romney said when Kudlow asked what kind of job Bernanke is doing. “I’m not going to spend my time going after Ben Bernanke. I’m not going to spend my time focusing on the Federal Reserve.”
We already know why auditing and abolishing the Fed is so important; but what does this say about Romney? Too power-hungry or too dangerously stupid to serve? Has he not been paying attention?
Now, following an act of Congress that has forced the Fed to open its books from the bailout era, this unofficial budget is for the first time becoming at least partially a matter of public record. Staffers in the Senate and the House, whose queries about Fed spending have been rebuffed for nearly a century, are now poring over 21,000 transactions and discovering a host of outrages and lunacies in the “other” budget. It is as though someone sat down and made a list of every individual on earth who actually did not need emergency financial assistance from the United States government, and then handed them the keys to the public treasure. The Fed sent billions in bailout aid to banks in places like Mexico, Bahrain and Bavaria, billions more to a spate of Japanese car companies, more than $2 trillion in loans each to Citigroup and Morgan Stanley, and billions more to a string of lesser millionaires and billionaires with Cayman Islands addresses. “Our jaws are literally dropping as we’re reading this,” says Warren Gunnels, an aide to Sen. Bernie Sanders of Vermont. “Every one of these transactions is outrageous.”
Ron Paul Debate Day Money Bomb, 5.5.2011 (Click to link)
The first nationally televised Republican presidential debate in the 2012 election cycle will be held on May 5, 2011 on Fox News. Because of this, it is imperative to showcase Ron Paul as the leading frontrunner in the race. On May 5, 2011, we will hold an online money bomb in support of Ron Paul for President 2012. A money bomb is a 24-hour fundraising event aimed at dramatically increasing funds for a specific candidate. In November 2007, Ron Paul raised more than $4.2 million in a single day. In December 2007, Ron Paul raised the most money in the history of American politics in a single day, raising more than $6 million; a record that still holds strong to this very day.
Please invite your friends, and tell them that it is essential that we all donate to Ron Paul on May 5, 2011, in preparation for the first nationally televised Republican presidential debate for 2012.
Ron Paul’s run in 2008:
Moderator: If you were president, would you work to phase out the IRS?
Ron Paul: Immediately. And you can only do that if you change our ideas about what the role of government ought to be. If you think that government has to take care of us from cradle to grave, and if you think our government should police the world, and spend hundreds of billions of dollars on a foreign policy that we cannot manage; you can’t get rid of the IRS, but if you want to lower taxes and if you want the government to quit printing the money to come up with the shortfall causing all the inflation, you have to change policy.
After watching this video from GovernmentGoneWild.org, even ‘C’ student moos will be able to understand why our government is going along with collapsing the dollar and switching over to a world currency. Their ponzi scheme has destroyed the wealth producing engine of this country, namely the middle class, and there is no way in hell (with the current financial systems in place) that we are ever going to be able to pay back all the money these ass-clowns have borrowed on our good names.
If Congress stopped all spending today and did not spend a single nickel on anything else, AND they made payments of $100 million dollars a day, it would take us….389 years just to pay off our national debt.
This is the reason the private banking cartel known as the Federal Reserve needs to be abolished, the credit card they carry for the federal government needs to be shredded to smithereens AND a Constitutional amendment written and passed that forbids a central bank from ever being established again. What a bunch of lying, thieving, pillaging bastards, and we let them do it.
That was quick. Not only are we supporting Al qaeda in Libya but now they have a new central bank and oil company before they have even ‘liberated’ the country from their beloved dictator. I’m having a hard time deciding exactly which alphabet banking system was behind this, the Fed (since they love setting up central banks in the middle east), BIS, IMF, WB, etc.
The rebels in Libya are in the middle of a life or death civil war and Moammar Gadhafi is still in power and yet somehow the Libyan rebels have had enough time to establish a new Central Bank of Libya and form a new national oil company. Perhaps when this conflict is over those rebels can become time management consultants. They sure do get a lot done. What a skilled bunch of rebels – they can fight a war during the day and draw up a new central bank and a new national oil company at night without any outside help whatsoever. If only the rest of us were so versatile! But isn’t forming a central bank something that could be done after the civil war is over? According to Bloomberg, the Transitional National Council has “designated the Central Bank of Benghazi as a monetary authority competent in monetary policies in Libya and the appointment of a governor to the Central Bank of Libya, with a temporary headquarters in Benghazi.” Apparently someone felt that it was very important to get pesky matters such as control of the banks and control of the money supply out of the way even before a new government is formed.
Of course it is probably safe to assume that the new Central Bank of Libya will be 100% owned and 100% controlled by the newly liberated people of Libya, isn’t it?
Most people don’t realize that the previous Central Bank of Libya was 100% state owned. The following is an excerpt from Wikipedia’s article on the former Central Bank of Libya….
The Central Bank of Libya (CBL) is 100% state owned and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in accordance with the general economic policy of the state.
Since the old Central Bank of Libya was state owned, it was essentially under the control of Moammar Gadhafi.
But now that Libya is going to be “free”, the new Central Bank of Libya will be run by Libyans and solely for the benefit of Libyans, right?
Of course it is probably safe to assume that will be the case with the new national oil company as well, isn’t it?
Over the past couple of years, Moammar Gadhafi had threatened to nationalize the oil industry in Libya and kick western oil companies out of the country, but now that Libya will be “free” the people of Libya will be able to work hand in hand with “big oil” and this will create a better Libya for everyone.
Of course oil had absolutely nothing to do with why the U.S. “inva—” (scratch that) “initiated a kinetic humanitarian liberty action” in Libya.
In 2009, the Federal Reserve made a record $52.1 billion; a 47% increase over 2008. They just reamed us again, and don’t even think to tell me that the current $79.3 billion being turned over to the treasury allows any reprieve. Those billions in profit they made were INTEREST ON LOANS…and our government is HOW FAR IN DEBT because of the Federal Reserve ‘Credit Card’, and who do you really think is paying all that interest in the end? Yep; the producers of the nation.
The Federal Reserve turned a record $81.7 billion profit in 2010, up 53 percent from 2009, the central bank reported Tuesday.
The vast majority of the Fed’s profit — $79.3 billion — will be turned over to the Treasury Department, with the rest being paid out to member banks in dividends.
A substantial chunk of that profit came from increased interest income from the $1 trillion in mortgage-backed securities the Fed purchased during the financial crisis to help stabilize the housing market. The Fed made $24.4 billion more in interest on those holdings in 2010. The central bank also made $3.5 billion in interest from its increased holdings in Treasury bonds, as it buys up Treasury debt in an effort to boost private lending.
While the Fed is still reaping profits from its intervention into the financial system during the crisis, it is beginning to wind down other areas where it had stepped in. Loans given to insurance giant American International Group, Inc. (AIG) declined slightly in 2010 to $20.6 billion, from $21.3 billion in 2009. As a result, the Fed made roughly $1 billion less in interest on those loans.
For those that still don’t know about the round-robin of looting, moving, and stealing your hard earned cash, here is a simple explanation of the Federal Reserve:
Most Americans believe that the Federal Reserve is part of the government. They are wrong. It is a privately held corporation owned by stockholders. The Federal Reserve System is owned by the largest banks in the United States. There are Class A, B, and C shareholders. The owner banks and their shares in the Federal Reserve are a secret. Why is this a secret? It is likely that the biggest banks in the country are the major shareholders. Does this explain why Citicorp (C), Bank of America (BAC) and JP Morgan (JPM), despite being insolvent, are being propped up by Ben Bernanke and Timothy Geithner?
The history of National Banks in the United States has been controversial since the Founding Fathers signed the Declaration of Independence. The Constitution of the United States unequivocally states that only Congress has the authority to coin money, not an independent bank owned by unknown bankers.
I and many other people keep screaming that the private banking cartel known as the Federal Reserve System is an absolute insanity hoisted on us by robber-barons and progressives at the beginning of the 20th century. Think about it, a private bank prints our money, loans it to us, and then charges us insane amounts of interest. How freakin’ crazy is that? I could have sworn that a Founding Father or two were completely against the idea of a central bank…
Now that same private banking cartel just made a record profit last year on the backs of Americans due to a collapsing banking industry because of a housing market bubble they allowed to grow. Are You Ready To Abolish The Fed? I know what it means to get rid of the central bank, but do you? No more credit card for the government.
WHAT IS IT GOING TO TAKE TO STOP BUYING THEIR PRODUCT?
A ten minute clip of Lindsey Williams from the two hour DVD, “Middle East: The Rest Of The Story” which follows. Mr. Williams covers the world currency backed by gold that is being put in place, and how all property will be owned by the government with mortgages being paid to the Federal Reserve. Did I or did I not mention two years ago that this government is in the process of making every single corporate owned moo a slave to them with no property, money, food, free speech, privacy, etc?
Lindsey Williams – Silver Bull Run
Lindsey Williams – Middle East Crisis 3 DVD Set – March 2011 – The Middle East The Rest of The Story
Dr. Ron Paul does it again by winning the CPAC straw poll with 30% of the vote and giving one of his excellent speeches detailing the attack on the 4th Amendment with the Patriot Act, our failed foreign policy, the fallout from the federal government taking money from us and propping up dictators in other countries ($70 billion to Mubarek), operating bases all over the world, the shenanigans of the Federal Reserve (which brought the usual ‘End The Fed’ chant), how the Federal Reserve is working hard to collapse the dollar, and that we have had too much bipartisanship for the last 60 years (the progressive movement). We are rapidly approaching the crossroads when enough people realize that Dr. Paul has been right all along.
It’s 17 minutes of important footage that you should be watching. Presidents are distractions from the really powerbrokers, the Federal Reserve Mafia.
“A self-sustaining recovery may be taking hold…”
Overall however, improving household and business confidence, a combinative(?) monetary policy, and more supportive financial conditions, including an apparent increase in the willingness of banks to make loans seems likely to lead to a more rapid pace of economic recovery in 2011 than we saw last year.
Are you feeling more confident? Are banks actually lending? Do you think we are recovering? At what point is Ben Bernanke going to be in cuffs doing the perp walk?
The trillions of electronic dollars they have created out of thin air to save everybody except the average American have absolutely nothing to do with rising commodity prices as the value of the dollar continues to be ground to porch.
When I first saw this on Drudge, I immediately went over to Market-Ticker to see what Karl had to say.