April 17, 2012
By Activist Post
“Even John Stewart is now commenting on the out of control Federal Reserve.” –KTRN
April 9, 2012
By Info Wars
Here is how the establishment media portrays the bankster minion Ben “Helicopter” Bernanke:
April 9, 2012
By Madison Ruppert, Contributor
Twice now I have reported on the rash of resignations amongst top figures at financial institutions across the globe for Wake Up World (see here and here).
The number is growing by the day and I still can’t seem to find any solid reason behind why this is going on, as all of the resignations are allegedly unrelated, which is hard to believe when we see such huge numbers in such a small time span.
While I have no problem speculating and putting forth potential answers to these kinds of mysterious questions (while being sure to note that it is nothing more than speculation), I have yet to come up with anything I feel is logically and factually consistent.
I have had many readers, indeed hundreds, email me telling me it is related to the supposed “end of financial tyranny” being written about by David Wilcock, Benjamin Fulford, and others.
Unfortunately, there are just not enough facts to back up their assertions as of yet. There are many claims of high-profile arrests but no corroborating evidence ever presented.
There is indeed a massive lawsuit with some astounding allegations, but all of those are yet to move beyond anything but an allegation.
Kevin Trudeau wants to change America for the better. KT talks about the problems and how to fix them.
The FCC’s Threat To Internet Freedom
Our Country Is Dying And It Wants To Take You With It
Audit Of The Federal Reserve Reveals $16 Trillion In Secret Bailouts
The Collapse Of Our Modern World Has Already Begun
Bilderberg: Full Attendee List
April 5, 2012
Joe Banister is the first and thus far only IRS Criminal Investigation Division Special Agent ever to conduct, while serving as a special agent, an investigation into allegations that the IRS illegally administers and enforces the federal income tax. He respectfully reported the results of his investigation to his IRS superiors, up to and including the IRS Commissioner. Rather than address the legitimate concerns raised by one of their own distinguished investigators, his IRS superiors suspiciously refused to address the chilling evidence of IRS wrongdoing raised in his report and instead encouraged him to resign from his position. Observing that IRS management intended to cover up the deceit and illegal conduct alleged in his report, Banister chose to resign from his position so that he could report his findings to the American public. In effect, Banister had to resign from his position in order to abide by his oath to support and defend the U.S. Constitution.
April 4, 2012
By Jeff Cox
Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from “Dr. Doom” Marc Faber.
Investors, particularly those in the “well-to-do” category, could lose about half their total wealth in the next few years as the consequences pile up from global government debt problems, Faber, the author of the Gloom Boom & Doom Report, said on CNBC.
Efforts to stem the debt problems have seen the Federal Reserve expand its balance sheet to nearly $3 trillion and other central banks implement aggressive liquidity programs as well, which Faber sees producing devastating inflation as well as other consequences.
“Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse,” he said. “Maybe all of it will happen, but at different times.”
April 3, 2012
The Daily Bell
By Richard Fisher
From Big State a Call for Small Banks … An annual report from a regional Federal Reserve bank is typically a collection of banalities and clichés with some pictures of local worthies who serve on the board. And so it is with this year’s annual report from the Federal Reserve Bank of Dallas, whose pages are graced by the smiling, stolid portraits of board members who run local companies like Whataburger Restaurants. But the text is something else entirely. It’s a radical indictment of the nation’s financial system. The lead essay, which is endorsed by the president of the Dallas Fed, contends that despite the great crisis of 2008, a cartel of megabanks is still hindering the economic recovery and the institutions remain too big to fail. The country’s biggest banks look much as they did before the 2008 financial crisis — only bigger. They have “increased oligopoly power” and “remain difficult to control because they have the lawyers and the money to resist the pressures of federal regulation,” Harvey Rosenblum, the head of the Dallas Fed’s research department, wrote in the essay. – ProPublica
Dominant Social Theme: We, the Fed, the most powerful monopoly on the planet, are concerned about the “increased oligopoly power” of our distribution system.
Free-Market Analysis: The excerpt above is taken from a column that “monitors” financial markets in order to hold “companies, executives and government officials accountable for their actions.”
OK. It’s a well-written column, but it misses a main point, in our humble view. The Federal Reserve is a mercantilist (quasi public) facility apparently controlled by dynastic families out of the City of London and elsewhere. For an entity within this larger monstrosity to call parts of the US banking system “too big to fail,” is rich, to put it mildly.
This is actually part of a larger elite dominant social theme, that central banks are a public good and that the quasi-private banking system beneath them is where the problems reside.
This simply isn’t true. As we’ve often pointed out, the current Western banking system is nothing but a distribution channel for the elite’s monopoly fiat money. That’s why the world is so overbanked.
If the Dallas Fed honchos had written the following, it would be closer to the truth: “Go to any large city on the planet and observe that the largest skyscrapers are filled with headquarters of obscure banks you’ve never heard of. Travel to any country and observe that banking is a primary occupation …
“Banking is the world’s biggest bubble. We distribute our printed and digital money-from-nothing through large commercial banks and thus they are never allowed to go out of business. They are part of us and we would no more remove them from the body politic than we would cease to purvey our endless tidal wave of currency.”
In other words, it’s hypocritical for the Dallas Fed to complain about the size of American central banks. To use another metaphor, it’s kind of like an obese person pointing to his stomach and claiming that it ought to shrink. Sure, a big stomach is a problem, but it’s not the WHOLE problem by any means. Here’s some more from the article:
Having seen the biggest banks make risky bets, crush the economy and get rewarded leaves “a residue of distrust for the government, the banking system, the Fed and capitalism itself,” Mr. Rosenblum wrote. It’s one thing for the Occupy movement to point out how bailing out the biggest banks — with little cost to their executives or shareholders and creditors — has demolished credibility. It’s quite another for top officials in the Federal Reserve system to put it in an annual report.
“We know under the current structure that the government would be called on once again,” the president of the Dallas Fed, Richard W. Fisher, told me. He has been giving a series of speeches about the continuing problem of “too big to fail.” …
March 22, 2012
By Debarati Roy
Gold rose on speculation that demand will increase when jewelry shops end a five-day shutdown tomorrow in India, the world’s largest buyer, and as Federal Reserve Chairman said higher oil prices may stoke inflation.
Jewelers are protesting tax increases the government announced last week that may raise retail-gold prices by 6.3 percent. There may be pent-up demand from the closures, Edel Tully, an analyst at UBS AG in London, wrote today in a report. Rising fuel prices “create at least short-term inflation pressures,” Federal Reserve Chairman Ben S. Bernanke said today during congressional testimony.
“We will see a rise in demand in the short term because of India coming back to the market,” Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago, said in a telephone interview. “Bernanke’s statements were gold friendly.”
Gold futures for April delivery rose 0.2 percent to settle at $1,650.30 an ounce at 1:37 p.m. on the Comex in New York. The metal, which reached an eight-week low of $1,634.70 on March 14, has rallied 5.3 percent this year.
Retail-gasoline prices have jumped 18 percent this year to a 10-month high of $3.864 a gallon yesterday, AAA data show. Higher fuel costs “act as a tax on household purchasing power and reduce consumption spending, and that also is a drag on the economy, the Fed chief said in answer to questions from the House Committee on Oversight and Government Reform.
March 9, 2012
By John Browne
This past week, gold and silver experienced one of their steeper drops in recent months. After gold had touched a four month high, and silver came close to a six month high, prices abruptly reversed course. By the end of the week gold had sold off more than 5 percent, and silver was down almost 10 percent (down 6.5 percent on Leap Day alone). Often, such sudden price falls create downward momentum. And it looks as if that may be the case this week. Thus far this week silver has dipped 3 percent.
Based on these sharp movements it would have been logical to assume that some great piece of economic news had been issued that kindled hopes of a strong and sustainable economic recovery either in the U.S. or in Europe. In such case, investors would be expected to pull money out of “defensive” metals and into “aggressive” stocks. But the news on that front was far from reassuring. Alternatively, a selloff in metals would normally be expected if central bankers were to move to tighten monetary policy. That did not happen either.
Instead, this selloff was sparked not by a development, but a non-development. In his address to Congress, Fed Chairman Ben Bernanke offered no clue as to when the Federal Reserve would unleash its next round of quantitative easing. Despite pressure from curious legislators, Bernanke kept his lip buttoned on that very sensitive topic. (See more analysis of the Fed’s current predicament in the latest edition of the Euro Pacific newsletter).
The markets took this as a sign that the monetary madness is coming to an end, which would bode poorly for precious metals. Metals are increasingly seen as substitutes for continuously debased fiat money, and tend to do well when new liquidity injections are announced.
Bernanke’s failure to telegraph more printing means nothing. Investors are craving a return to normalcy, which means more prudent monetary policy. As a result, many are grasping at straws. But I believe these hopes are premature, and that gold will be buoyed by easy money for quite some time.
March 6, 2012
By Ron Paul
“Ron Paul, as always, speaks the truth. No one running for office knows more about the corruption of the federal reserve than Paul. Here is an article he wrote to explain why we should be weary of this institution.” –KTRN
While the Fed has recently released an unprecedented amount of information on its activities, there is still much that remains unknown. Predictably, every push towards transparency has been fought tooth and nail. It took disclosure requirements enacted within the Dodd-Frank Act to get the Fed to provide data on its emergency lending facilities. It took lawsuits filed by Bloomberg and Fox News to provide data on discount window lending during the worst parts of the financial crisis. And it will take further concerted action on the part of Congress, the media, and the public to keep up pressure on the Fed to become and remain transparent.
Transparency is not a panacea, however, as a fully transparent organization is still capable of engaging in all sorts of mischief. Ironically, one of the Fed’s more egregious recent actions, adopting an explicit inflation target, was hailed by many as another wonderful example of transparency. Yet if you think about what this 2% inflation target actually is, you realize that it is an explicit policy to devalue the dollar and reduce its purchasing power. And it adds up quickly over time. Two percent annual price inflation means that prices rise 22% within a decade, and nearly 50% within two decades.
It is worse than that, however. This explicit 2% target also fails to take into account that whatever measure is used to determine price inflation, be it CPI, core CPI, PCE, etc., will always be chosen with an eye towards underreporting the true rate of inflation and price rises. Pressure will be exerted on those calculating the price indices, so as not to alarm the public when prices begin to accelerate.
Of course, government officials claim that price increases do not affect the average American because they can always substitute hamburger for steak, or have cereal instead of bacon to protect their family budget as prices rise. But the American people don’t overlook the fact that their quality of life has suffered because of the Federal Reserve and price inflation. What will they substitute when hamburger and cereal go sky high?