Ben Bernanke, Spinning At Rest

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?

And my personal fav:

Fed denies policy is causing food rises

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.

Bernanke: Does He Really Think We’re This Dumb?

and this:

Some (Like Nutting) Really Are Nuts

Check out both articles; Karl nails it again.

Remember, we have a $14 Trillion debt. Who exactly is going to pay that back?

Peter Schiff on paying back China, 3.22.2009 (for your amusement):

Diane Swonk on QE2: ‘The Fed Doesn’t Have Any Other Alternative’

Diane Swonk on QE2: ‘The Fed Doesn’t Have Any Other Alternative’

Check our her credentials

Those are some very comforting words aren’t they?  I think I mentioned sometime last week that QE2 was a ‘Hail Mary’ pass by the Fed. Looks like the American people were right again.

‘Better to try QE2 and fail then not trying anything at all’

Maybe dismantling the Federal Reserve Mafia and their extortion arm, the IRS might actually be a better idea for getting the economy moving.  The ponzi scheme of selling bonds to pay off bonds is getting very old, and whether the economy gets a hard knock from changing the system back to a stable backed currency or the Fed crashes the economy from all their electronic fiat money, the change is coming.

Glenn Beck, 11.15.2010: Building The ‘People of The Decade’

Glenn Beck, 11.15.2010: Building The ‘People of The Decade’

Glenn uses the beginning of this program to recap many of the ‘crazy’ things he has told people about in the last four years that have come true from getting out of the stock market, protecting your 401(k), getting out of debt, the monetization of the federal debt by the Federal Reserve mafia, the rise in the price of gold, the decline of Mexico, the progressives taking off their masks, the unions, communists, death panels, etc.  Glenn has enlisted 912SuperSeniors.org and AsaMom.org to be inflation watchdogs.

He also covers how congressmen and senators should never make more than our soldiers and have the exact same benefits as those same Americans standing on the wall for us. He then goes into his plan for the new year by simplifying his life by cutting their stuff in half in order to prepare for the upcoming nastiness. There is an estimate $25K in extra stuff just sitting around peoples homes which could be sold to be used as a cushion, food stock, paying down debt, etc.  He plans on building the ‘People of the Decade’ by creating people that are ready for the disaster so as to be ready for those that did not.  He also covers the new boycott of Sarah Palin’s ‘Alaska’ by Credo Mobile (Working Assets) which is run by Michael Kieschnick, who also established George Soros’ ‘Secretary of State’ project.  Credo also funds many of Soros funded progressive projects.

Michael Kieschnick, President, Working Assets

Michael Kieschnick

CEO and President, CREDO/Working Assets

Michael Kieschnick is CEO, president and co-founder of CREDO/Working Assets, a company dedicated to changing the world through progressive philanthropy and political activism. Since its founding, Working Assets has donated over $65 million to progressive organizations. Its members have contacted selected decision-makers by phone, e-mail and letters over 32 million times. During the last seven years, the company has helped over four million Americans register to vote. Michael teaches a course on social innovation at Stanford University, and previously taught a graduate seminar on financial innovation at the University of California, Berkeley. Michael has a Ph.D. in public policy from Harvard University, and earned bachelor’s degrees in biology and economics at Stanford University. He currently serves as a board member for several nonprofits — the League of Conservation Voters, the OneCalifornia Bank Foundation and the Beatitudes Society. In his spare time, he helps run the Secretary of State Project, which works to elect reform candidates to the critical position of chief election officer at the state level.

Mr. Kieschnick is a fellow at the New Politics Institute. Yet another think tank operating under the radar which everybody should become familiar with.

“Working like a conventional policy-oriented think tank, NPI will assemble some of the finest minds in progressive politics, the non-profit world and the private sector to study, master, incubate and promote new strategies, technologies and techniques for the rapidly changing politics of this new century.” [1]

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Russia Wants Say In Fed’s Moves

Russia and China have been signaling for months that they were concerned about the dollar as the reserve currency and our government’s level of debt, but now they think they should have some say in our internal monetary policy.  Considering how far down the globalists’ garden path we have been led, they might just get their wish soon.

Russia echoes China, says U.S. should consult G20

(Reuters) – Russia sided with China ahead of the Group of 20 summit, saying on Monday the United States should consult other countries before pumping cash into its economy, but stopped short of calling the policy a mistake.

President Dmitry Medvedev will take part in the summit, where conflict is brewing over the U.S. Federal Reserve’s latest allocation of $600 billion to buy Treasury bonds — money that investors are likely to redirect into emerging markets in search of higher returns, potentially fuelling new asset bubbles.

“Russia’s President (Dmitry Medvedev) will insist …. that such actions are taken with preliminary consultations with other members of (the Group of 20 countries),” said Russian G20 negotiator Arkady Dvorkovich.

China has been particularly vocal in criticism of the policy, which U.S. President Barack Obama defended on Monday during a trip to India, saying the Fed’s mandate to grow the U.S. economy was good for the world as a whole.

Dvorkovich said that the Fed’s policy was an internal matter but added that previous decisions by the G20 require consultations on such issues. He said the Fed’s move may even benefit Russia because its current capital inflows were too small.

This is what happens when a country, insanely, allows a central bank to run their economy and dictate monetary policy, AND THEN that private banking cartel joins the rest of the central banks around the world (Bank Of International Settlements, World Bank, IMF).  The steady, progressive march toward the loss of American sovereignty.

Remember, the Board of Governors of the Federal Reserve cannot be impeached, the Federal Reserve doesn’t EVER open it’s books, and they can set monetary policy without so much as a ‘by your leave’ from the president or Congress. Do you want the G20 guiding the Federal Reserve, an unelected body, on what America’s monetary policy is?  I’m really looking forward to that after the rape and pillage done by Wall Street, aren’t you?

I personally am enjoying watching Ben Bernanke pull an ‘Obama’ by so far overreaching with QE2 that it will force Americans to LOOK at the Federal Reserve the same way we have been looking at the Dems and Pubs, and hopefully ignite the momentum to abolish the Fed and have a constitutional amendment passed forbidding central banks from operating in this country.

As Ron Paul stated this morning: ‘Fed Will ‘Self Destruct’ as Easing Kills the Dollar’.  We can only hope and pray that these leeches will be removed from office, charged, prosecuted and incarcerated.  Bennie and InkJets first.

NIA: QE2, The Last Gasp Of A Monetary System

NIA: QE2, The Last Gasp Of A Monetary System

Does Bernanke’s move with QE2 on Wednesday look like a ‘Hail Mary’ pass to you?

From National Inflation Association:

This week, millions of Americans went to the polls to vote. They went to vote for candidates who said they were going to cut taxes, raise taxes, or keep taxes the same. But they went to make their voice heard, meanwhile, Ben Bernanke and his banking friends raised taxes on the entire world. And they did not have to go to Congress, they did not have to debate with the Obama administration or whether they were going to extend or phase out the Bush tax cuts. Instead of Americans debating about what party is going to be in power, we should be debating about whether or not we are going to phase out the Federal Reserve System completely.

QE2 The Last Gasp of a Monetary System: A Message to the World

End Of Liberty

Sarah Palin Tells Ben Bernanke To Knock It Off (QE2)

Sarah Palin Tells Ben Bernanke To Knock It Off (QE2)

Kona Tea Party, 4.15.2009

For two years, (and for some of us, even longer), we have been educating our families and neighbors about the Federal Reserve devaluing our money and draining our wealth.  We were the first responders when Paulson ran to Capitol Hill and scared the bejesus out of a group of people that are much less intelligent than most of us (they just want you to think you are stupid).  We said “HELL NO” to TARP, Bank Bailouts, Car Company Bailouts, Stimulus 1, 2, 3, etc., Union Bailouts, Obamacare, FinReg, and monetization of the federal debt.  We knew the housing bubble that Congress and The Fed created was collapsing, and that the market was trying to find its ‘real’ baseline.  We knew many people were going to take it on the chin, but we also knew we would then be on stable ground to start the rebuild.

Then Bush 43 caved to the Wall Street/Federal Reserve boys.  That whole running up to Capitol Hill is such a show for the corporate-owned moos; the banks tell the politicians what to do.  As soon as Bush ‘put aside the free market in order to save it’, we knew we were screwed six ways from Sunday.  The banks were going to be protected and coddled, and us little people were going to be left swinging in agony (for years) as all that bad paper sat on their balance sheets clogging up the gears of the economy.  We did not actually believe Paulson’s story about the $700 Billion going to buy bad assets, and we were right.

Karl Denninger – “Remove Bernanke”

The good news?  Ben Bernanke has lied to the American people by stating in July, 2009 that the Federal Reserve would NOT monetize the debt which they just did again the day after the election, in what appears to be a last ditch, ‘Hail Mary’ maneuver to save their asses. There is almost nothing we can do because:

The members of the Fed’s Board of Governors also cannot be impeached by Congress, which is especially twisted, since the President of the United States can be impeached for “high crimes and misdemeanors”. [The Legality of the Federal Reserve System, 8].

$6.99 a year ago; $14.19 10.13.2010 (Diamond's Local Grocery Store)

So dire is the situation that Sarah Palin has decided to wade into the thick of it, not realizing exactly how much a parasitic and vampiric Federal Reserve has completely drained America and is now trying to resuscitate the host/corpse.  Fortunately for us, her level of media coverage is going to push the entire subject of the private banking cartel, mortgage fraud, and the hidden tax of inflation into the light.   Thank You Sarah!

I would still like to know where that unaccounted $9 Trillion went.  And by show of hands, how many of you would like to know if Congress is actually going to try to confiscate 401(k)s (some $8 Trillion) during the lame duck session?

Back to Sarah, and then on to Bill Black, the encyclopedia on the economic collapse.

Palin to Bernanke: “Cease And Desist”

Here are snippets from Palin’s prepared remarks obtained by National Review Online:

I’m deeply concerned about the Federal Reserve’s plans to buy up anywhere from $600 billion to as much as $1 trillion of government securities. The technical term for it is “quantitative easing.” It means our government is pumping money into the banking system by buying up treasury bonds. And where, you may ask, are we getting the money to pay for all this? We’re printing it out of thin air.

The Fed hopes doing this may buy us a little temporary economic growth by supplying banks with extra cash which they could then lend out to businesses. But it’s far from certain this will even work. After all, the problem isn’t that banks don’t have enough cash on hand – it’s that they don’t want to lend it out, because they don’t trust the current economic climate.

And if it doesn’t work, what do we do then? Print even more money? What’s the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 won’t be followed by QE3, 4, and 5, until eventually – inevitably – no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?

Bill Black on the continuing mortgage fraud that still exists.  For more information from Bill Black about the entire fiasco, check out this postSociopaths In Charge Of Banks And Governmentfrom 4.7.2010.

`Major Frauds’ Continue at Mortgage Companies….. Black Says (10.22.2010)

Bill Black; The Best Way To Rob A Bank Is To Own One

Here is the history lesson for those that still believe that the Federal Reserve IS NOT a private banking cartel, that it is a government agency, and exists for our best interest.

From BusinessInsider:

How Did A Single Unconstitutional Agency Become The Most Powerful Organization In America?

The Fed, by it’s own admission, is an independent entity within the government “having both public purposes, and private aspects”. By “private aspects”, they mean the entire operation is wholly-owned by private member banks, who are paid dividends of 6% each year on their stock. Furthermore, the Fed’s decisions “do not have to be ratified by the President or anyone else in the executive or legislative branch of government” and the Fed “does not receive funding appropriated by Congress”. In 1982, the Ninth Circuit Court of Appeals confirmed this view when it held that “federal reserve banks are not federal instrumentalities… but are independent, privately owned and locally controlled corporations“. [The Legality of the Federal Reserve System, 5]. Yet, the Fed has exclusive control over the government’s ability to create money and regulate its value through the targeting of interest rates and open market operations (when the Fed buys an asset, it typically prints the purchase money out of thin air). How Congress can delegate its Constitutional powers to this independent, privately owned and unaccountable institution is beyond me.

Still, the Constitutional issue is just the tip of the iceberg when it comes to this twisted institution’s embodiment of all things undemocratic. When Congress (and the people it represents) makes a valid delegation of its powers to an executive agency, it almost always retains a level of control through its powers of appropriations, impeachment and oversight. For some not-so-strange reason, the Fed isn’t appropriated any funds by Congress, and so it cannot be financially “starved” like any other agency. The members of the Fed’s Board of Governors also cannot be impeached by Congress, which is especially twisted, since the President of the United States can be impeached for “high crimes and misdemeanors”. [The Legality of the Federal Reserve System, 8]. What about oversight? Well, a Congressional committee holds “hearings” every once in awhile to ask the Chairman a few irrelevant questions, but if this process is what passes for “oversight”, then we have truly gone off the deep end.

Speaking of committees and oversight, when Fed Chairman Ben Bernanke testified under oath to Congress in July, he said in no uncertain words, “the Federal Reserve will not monetize the [federal] debt”. [1]. Fast forward to the day after mid-term elections, in which the American people clearly voted for LESS spending/printing, and the Fed announces its plan to monetize $900 billion in treasury bonds. [1]. The Chairman has proven his previous testimony before Congress to be a blatant lie, but instead of condemning the Fed’s recent actions, the federal government has welcomed it with open arms. That’s quite some oversight we have there. Perhaps the best way to oversee the Fed’s actions would be to actually figure out what in Lloyd Blankfein’s name it’s been doing.

In this country, that’s easier said than done. The Government Accountability Office is not allowed to audit the Fed’s transactions for or with foreign governments, central banks, nonprivate international organizations or those made under the direction of the Federal Open Market Committee (“FOMC”). It just so happens that these are the types of transactions which are most influential on global and domestic financial markets, especially the open market operations. These operations are conducted by the FOMC, who is comprised of the Board of Governors (7 members appointed by President and confirmed by Senate) and five representatives from the regional Fed Banks. Although the President appoints the Board of Governors, he must choose from a list of candidates provided by private institutions, and the other five representatives are also typically nominated by private member banks. Talk about an organization with conflicts of interest, lack of transparency and lack of accountability all tightly woven into its very fabric!

In the last two years, the almighty Fed has printed trillions of dollars in our name to buy worthless mortgage assets from “too big to fail” banks. It has lent these banks our hard-earned money at about 0% interest, so they could lend our own money back to us at 3%+. These banks also used our free money to ramp equity and commodity markets, which mostly benefited the top 1% of our population who owns 43% of financial wealth [2], and conveniently, also owns the Fed. The latter has kept interest rates at next to nothing to punish savers and encourage speculation, making everything less affordable for average Americans who have seen their wages stay the same, decrease or disappear. What’s left standing is the perniciously powerful, highly secretive and entirely unaccountable Fed, who now epitomizes the state of American democracy.

We have all become subject to the misguided and/or malicious whims of a few wealthy individuals operating the levers of economic policy, with no adequate means of challenging their power. Our most treasured contribution to political society has been reduced to a bunch of meaningless articles and amendments, containing equally meaningless words. We the people, in our pursuit of “a more perfect union”, have fallen into an age-old trap. Our economic policies, currency and laws are all manufactured by our very own private dictator, who amasses a fortune from our collective exploitation and destruction. Then, this despot continues to operate like nothing ever happened. We can scream “ABOLISH THE FED” all day, non-stop to every single politician at the top of our lungs, but it will never happen.  The reality is that there is only one way back to a true democratic system now, and this path will require nothing less of us than the courage of our forefathers.

Treasury Yields Tumble to Records on Fed’s Plan to Purchase $600 Billion

Number of the Week: $10.2 Trillion in Global Borrowing (for 2011)

The Federal Reserve Is About To Rape Us Yet Again!

The Federal Reserve Is About To Rape Us Yet Again!

Traitor/Pirate Of The Year

Y’all know how much I believe Ben Bernanke to be ‘The Traitor Of The Year’ when it comes to bureaucrats (elected and UNELECTED), and how much I want him perp-walking in handcuffs straight to jail because of the bubbles and devaluation that he has overseen. (Even more than the excuse for an American that sits in the Oval.)  How can 11 UNELECTED pirates decide arbitrarily how our economy is going to perform?  That’s what you have in The Federal Reserve System.

The Financial Times is reporting that the backlash against the newest round of quantitative easing being put forward by the Pirates at the Fed is sparking a currency war as other countries try to protect the value of their money.  I am not sure whether you have read this article from Karl Denninger over at Market Ticker, but I am reprinting it in its entirety because you need to read it and you need to check his site daily for updates on what the Bankster Pirates are planning next.  Ben Bernanke absolutely, positively needs to be stopped from acquiring any more wealth for the pirates.  Time to call your representatives and sheriffs.

Now that the banks are once again running out of money Ben Bernanke is at it again.  He has announced another $600 billion in illegal taxation on America, and intends to give it again to the bankers.  A good part of it already showed up in oil and other commodities.  The rest of it will.  It is guaranteed.  The “benefit” will go overseas.  The tax will fall on you. – Karl Denninger, Market Ticker

America’s Alarm Clock Has Rung: Time’s Up

Here’s the deal folks.

The banksters asset-stripped the public.  Twice.  The first time in the 1990s with the Internet bubble, the second time in houses.  If you bought a home from 2003 onward you got screwed.  It doesn’t matter if you were a good borrower or not – you overpaid.  American business was also asset-stripped.  We covered this by shipping our labor off to China, India and Vietnam.

During the last part of the 2000 decade, the Federal Reserve, Bank Regulators, Government and the Banks themselves were all in on it.  We know this.  We know it because Citibank’s former Chief Underwriter has testified to it under oath.  It is not speculation or mathematics, it is admitted fact. This was an intentional, malicious act that involved government and finance.  Your “representatives” didn’t represent you, they represented the banks.  They acted as guards not of your wealth, but instead they held you at gunpoint while the bank robbed you. This is the proximate cause of the market and economic collapse – your productive wealth was literally stolen through these frauds.

Now they’re at it againFirst, Ben Bernanke imposed, without a vote, a tax on the American People of over $1 trillion through his original “QE ” game.  This went immediately into commodity and stock prices worldwide but was in fact a tax on you, and on every productive business. This is the reason that unemployment remains at close to 10%.  By now we should be well on our way to recovery.  The government blew $600 billion on stimulus programs. They got nothing for it because of QE, which took it all back out, plus more through the tax – a tax that went directly into the bankers pockets. This unlawfully-imposed tax was used to cover the banks’ insolvencies, along with the blatant extortion practiced by Rep. Kanjorski on FASB (who, incidentally, lost his seat Tuesday.)  But the banks did not clear their balance sheets – they are, in fact, still insolvent.  Instead, they literally took the money and paid it in bonuses.

Now that the banks are once again running out of money Ben Bernanke is at it again.  He has announced another $600 billion in illegal taxation on America, and intends to give it again to the bankers.  A good part of it already showed up in oil and other commodities.  The rest of it will.  It is guaranteed.  The “benefit” will go overseas.  The tax will fall on you.

THIS IS THE LARGEST TAX EVER IMPOSED ON THE AMERICAN PEOPLE IN THE HISTORY OF THE NATION.  IT IS MORE THAN FOURTEEN TIMES THE BUSH TAX CUTS “ON THE RICH” THAT EVERYONE IS DEBATING.  GOLDMAN SACHS BELIEVES THAT BERNANKE WILL IMPOSE A TOTAL TAX THROUGH QUANTITATIVE EASING OF MORE THAN FOUR TRILLION DOLLARS OVER THE NEXT TWO YEARS, OR MORE THAN FIFTY SEVEN TIMES THE BUSH TAX CUTS.

If you, America, do not rise and stop this NOW you’re all going to be effectively dead economically.

Your assets will be stripped.

All of them.

Your homes.

Your businesses.

Your savings – as if having the earnings you can receive on a safe CD cut from 5% to 0.5% isn’t bad enough.

And, when the inevitable margin collapse comes in the corporate sector, your stock portfolio will detonate again and your pension funds, Medicare, Medicaid and Social Security will be gone.

Either you rise and stop Bernanke and The Fed, or he – and they – win – and we all lose.

There is no “individual path” that will keep your assets safe from this.  There is no means to hide, so long as you’re an American citizen and live in this nation.

We have two choices: we collectively stop this madness or we all get destroyed.

Those are the only choices.

For three years and change I have warned of this outcome.  I have pointed out that there is three trillion dollars or more of losses that have to be taken in the economy.

Those losses should fall on the banksters who committed these acts. Doing so will cause these banks to be taken into receivership.  They will have to be resolved.

Virtually none of those losses attributed to them have been taken by these institutions.

These losses have all fallen on you, through unemployment, through higher energy prices and higher prices at the grocery store.  All of these are taxes that are being illegally imposed on you by a Central Banker who lacks the legal authority to impose a tax.

Yet he’s doing it, and you’re being told to cheer because the DOW is up 200 points.

I want to note that in 2007 I wrote a similar Ticker urging people to stop this bastard when he started interfering like this.  You did nothing, because the S&P was headed to 1576 and the DOW over 14,000 on the back of his original “rate cuts” and other machinations.  I was called all sorts of names, the kindest of which were “kook.”  You sat on your hands instead of rising to stop this crap and were repaid by watching your portfolio get cut by 60% in the next two years, two major banks blowing up in an uncontrolled fashion, and threats of tanks in the streets.

If you do not stop him – remove him from office – NOW – you will be destroyed.

That is a certainty.

We no longer have the “margin” to absorb another mistake like the last one.  And the crap that Bernanke is pulling now is the mother and father of all mistakes.

It’s your choice America – but where this road leads is not open to debate.  These institutions that robbed you can only survive the consequences of their acts by destroying you, and they are hellbent and determined to do exactly that, with Ben Bernanke as the man who is literally destroying not only your economic present, but the future as well for yourself and your children.

You no longer have the luxury of time.

Glenn Beck, 11.4.2010: George Soros, QE2 & The India Trip

Glenn starts this program with the general news of the very expensive trip that Obama is taking to India and Indonesia, and breaks it down further along in the program. His first topic is all about the Fed’s QE2, how it is devaluing the dollar, causing commodity prices to skyrocket and how all of our food is going to become more expensive.  Here is a news flash Glenn; I covered this on October 20th with the article Obama And The Federal Reserve’s Hidden Taxes with the proof of $14 coffee here in Hawaii.  Market Ticker’s Karl Denninger has been writing about this for months.

Glenn then wants to know the upside of the $600 million dollar trip to India.   Here is something to think about; this trip to India is a campaign stop on the way to UN Secretary-General.  Ban Ki-Moon’s first term as the UN SG will expire in 2012, and though India is not currently one of the non-permanent members of the UN Security Council (who nominates the UN SG), they will become a two year member in 2011.

The General Assembly elected Colombia, Germany, India, Portugal and South Africa to serve as non-permanent members of the Security Council for two-year terms starting on 1 January 2011. The newly elected countries will replace Austria, Japan, Mexico, Turkey and Uganda.

My spidey-sense tells me that Obama does not plan to run for a second term if he can move up to ‘King of The World’.  Considering what the global elite banksters are doing to our dollar, and the push for a global currency, why wouldn’t Obama go for the next brass ring as the ultimate citizen of the world?  Think Mishy is going to sit still as First Lady when she can be Empress?  Think about the Narcissist-in-Chief’s general demeanor; who else would look at the Presidency of the United States as a stepping stone to something else?

The last topic covers the losses that George Soros suffered during the election a few days ago.  I want to point out that the reason the California Pot Legalization proposition was defeated was because only a certain number of licenses to grow were going to be issued and guess who they were going to?  Yes, you guessed it, Big Agra.  The locals mobilized to stop this prop and Big Ag from taking over what will be an incredible revenue stream.

Part 1:

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