Archive for the ‘ben bernanke’ tag
There are 290,000 articles on the Internet which include the full name of Catherine Austin Fitts and of these 144,000 are Youtube videos. Yet until today not one article included the word genocide though Catherine did warn us that the government wants to kill us. They stole our money and do not want to make restitution..
Catherine Austin Fitts was a Wall Street banker who rose through the ranks to become managing director at Dillon Read Investment bank. She resigned and became Housing Secretary under George Bush in 1989. She left to found Hamilton Securities which made money in the mortgage housing market. She was investigated and indicted 19 times and was eventually run out of Washington DC. Attempts were made on her life. She was persecuted for excessive honesty and had to retreat to a small town in Tennessee. She emerged on the Internet as a leading spokeswoman for the resistance to the New World Order..
In 1994 both of the political parties owned by Wall Street managed to pass NAFTA which sent 50,000 manufacturing plants overseas. Since Wall Street knew the people who had jobs and bought homes were soon to lose their jobs due to NAFTA, we can easily conclude that those home loans were fraudulently induced which nullifies the contracts..
The bankers took this fraud a step further and bundled home loans into mortgage backed securities which were designed to fail. They bought Credit Default Swaps (CDS) to make it appear that these bonds were valid investment vehicles. It is illegal to sell a worthless security. CDS are unregulated and only appear to insure a worthless bond as the seller of a CDS is not required to set aside funds to pay for losses as would a fire insurance company. Brooksley Born was the head of the Commodities Futures Trading Commission in 1999. She attempted to regulate CDS as she saw the inherent risks. Four Jewish men – Alan Greenspan, Robert Rubin, Larry Summers (Samuelson) and Arthur Levitt. The world financial community is now exposed to hundreds of trillions of dollars in CDS and derivatives that essentially did not exist fifteen years ago. The level of money in bonds is 3 times what it was 11 years ago. We are awash in credit. Yet a year ago at the Davos summit we were told that our problems would be solved if we created another 100 trillion dollars in bonds. We have a world economic output of nearly 70 trillion dollars but with total debts equal to 300% of that claiming payment. The International Swaps Dealers just concluded that they owe nothing for the Greek default..
My regular readers know that Ben Bernanke at the FED has created at least ten trillion dollars to date to buy back fraudulent MBS from the Europeans to keep the New York banks out of jail. We will pay for that money printing to cover fraud with higher food and gasoline prices. Many will not survive as the price of food rises beyond their reach.
In 1997 Catherine talked to the head of CALPERS (The California Public Employees’ Retirement System), who told her that he could not invest in her plans to rebuild America because the decision had been made to take America down and pull the money out of America. It was just 4 years later that the Department of Defense reported they could not trace 2.3 trillion dollars..
Catherine talked to a friend in New York about genocide at the time Clinton and his co-conspirators in the Republican party repealed Glass Steagall. This allowed deposit banks to behave like investment banks which is to say just like criminals. This exposed us all to unwarranted risk. How could JP Morgan have 90 trillion dollars of exposure in CDS and derivatives without impoverishing both their customers and the pension funds they managed? Alan Greenspan was of the opinion that fraud need not be regulated. That competition would eliminate fraud was not historically evident was of no concern.
In 1999 I began telling my friends that the Federal Reserve bank under Alan Greenspan was going to take America to war. They would begin by tightening money supply well in advance of the elections to drive down the stock market to guarantee Bush’s victory over Al Gore. Both Gore and Bush Sr. were members of the Trilateral Commission headed by David Rockefeller and Sir Evelyn de Rothschild. It was felt that George Bush would make a better war leader..
It was 20 years prior to that when I had told my friends at the lab back in Boston that David Rockefeller and Sir Evelyn de Rothschild wanted America to lose World War III. I had concluded this would eventually happen when I was a child after having read a small booklet explaining the dangers of money as a debt. I was shocked to learn that adults would allow such a thing as a bank to exist. I discussed the matter with adults in my neighborhood. Those that grasped that inflation was built into our system knew it would destroy us. But they all wanted to run out and buy real estate to profit from the coming societal collapse.
Lincoln and Kennedy created money as credits without first requiring a debt to be issued as did our ancestors with colonial scrip prior to the Currency Acts of King George. Lincoln and Kennedy were assassinated to keep us in Debt Slavery. As a child, I calculated that interest could not be paid without creating huge amounts of unpayable debts. By 2000 I could see World War III coming. It would serve the purpose of killing us so we could not ask for the return of the money the bankers had stolen from us..
Catherine realized the numbers she was seeing in the economy meant that Wall Street was making no provision for us to live long enough to collect our pensions and redeem our savings. This startled and pushed her into calling a friend to drive hundreds of miles to discuss her findings in a New York restaurant. People at her level are only allowed to talk privately. Her friend had come to the same conclusion that Wall Street intended to kill us.
If you are familiar with my background and writings, you will understand that the US military will not allow this to happen. In the Middle Ages the Catholics in England had no army willing to defend their property so they lost everything. Wall Street has no armies willing to die to defend them and the money they stole from us.
The article below covers the topic of Wall Street stealing our money and using it to buy real American assets for pennies on the dollar. .
Catherine Austin Fitts: The Black Budget And The Leveraged Buyout Of The World Using Stolen Mone.
The video below is an interview in which Catherine explains this in one setting. Please pay attention when she talks about reform, transparency, food and slavery. Your life depends upon your ability to spread the truth about what she is saying..
Wall Street Insider: The Complete January 2012 Interview
Both parts of our January 2012 Interview with The Wall Street Insider….
(Originally published in two parts on January 7th and January 8th, 2012.
UM: So you called me here directly and I believe I detected more than a bit of frustration in your voice over my recent stories involving Ron Paul. Is that correct.
WSI: Yes – quite correct. With all due respect . . . . you are absolutely 100% wrong in your concerns over the Ron Paul campaign – or at the very least, wrong in your seeming dismissal in some of the issues he has quite correctly raised regarding the imminent dangers to America.
UM: Even if that were true, why Ron Paul? There appears to be no real path for him to win the nomination, and if he runs as a third party candidate he would most likely not win there either. I am confused why someone in your position . . . . why the concern over Ron Paul of all people.
WSI: I am not concerned over Ron Paul – I am concerned over your coverage of Ron Paul and how you are wasting precious time and resources attempting to discredit Ron Paul. If -name withheld- set you off in that direction . . . . they were incorrect in doing so and I would urge you to question their motivation.
UM: Right-right . . . . you tell me to watch out for their motivations. They tell me to watch out for your motivations . . . . enough of that sh-t ok? How about we just focus right now, entirely, on the reason behind you calling me in to talk about Ron Paul. I don’t get it. Why would you of all people make what was basically a demand that I come up here to listen to you defend a candidate who has repeatedly voiced his disgust over Wall Street? It doesn’t add up.
WSI: I would beg to differ – not adding up is exactly the reason for my concern – a concern that is not so much about your work . . . . or what seems at the moment to be more of an odd obsession, to reveal some silly truth about Ron Paul . . . . I mean George Soros? Really? And even if true – who cares? That kind of information is secondary to the real and crucial value provided by Ron Paul to the national discussion.
UM: National discussion? Right . . . . enlighten me. Please.
WSI: Sarcasm? Is that your tone? If this is to serve its proper purpose I need you listening – and without judgement.
UM: Sarcasm – guilty as charged. But in my defense, I would call it justifiable sarcasm at this point.
WSI: I was told long ago that what you don’t see with your eyes, don’t invent with your mouth.
WSI: What you don’t see with your eyes, don’t invent.
It’s funny when someone as regular stumbles upon Bernanke and his asinine speeches. It’s almost funny that modern schools think that economics is science. Bernanke’s speech, titled “Making Sure Deflation Doesn’t Happen”, is a gem. In it he told how he has found the Philosopher’s stone, how lessening the value of the dollar increases prices, and that he could drop money from helicopters and solve a crisis. Yet Bernanke is the most powerful man on earth, despite all of this.
Sure to be told, the fascist system has kept the best for last. They have waited for the election year to pull out all the stops. Obama has done exactly what he has been told every step of the way; shake the pom-poms, read the teleprompter- that’s it. So now Bernanke, who has kept rates low, bought everything under the sun, will now increase the velocity of the dollar, and decrease its value, increasing prices, so pensions will return, etc.
The kicker is the volatility, and this is how it works: the overnight lending facility, the emergencie facility, will increase swaps. This will increase the velocity. This is key. This is Bernanke’s science of economics. And this is your brain on drugs.
So here we are, and all the pieces are set. Time to check mate the system. The dollar is the King, and Bernanke has it where he wants it.
This lie was set up a long time ago. The plan was careful. Fiat has no worth, and now the world will find out the big con. Now everyone finds out that the last 100 years lived was a lie.
Polls: Americans Want Our Liberties Restored, Our Troops Brought Home and the Federal Reserve Reined In
Americans Hate the Federal Reserve
“We are seeing a level of enthusiasm for Ron Paul that
can be compared with President Obama in 2008?, said Eric Brakey, Media
Coordinator for NYC Liberty HQ, the grassroots organization hosting the
rally for the candidate. “Congressman Paul’s youth support is different
now than it was during his last presidential campaign. It’s more
organized and it’s picking up steam and continues to grow”.
As the longtime congressman from Texas stepped onto the stage, the crowd screamed with enthusiasm. The audience’s biggest reaction came when he spoke about ending the Federal Reserve.
“The country has changed in the last four years, but my message hasn’t
changed” Paul said. “The country is ripe for a true revolution”.
Indeed, as Bloomberg noted last December:
A majority of Americans
are dissatisfied with the nation’s independent central bank, saying the
U.S. Federal Reserve should either be brought under tighter political
control or abolished outright, a poll shows.
Americans across the political spectrum say the Fed shouldn’t retain
its current structure of independence. Asked if the central bank should
be more accountable to Congress, left independent or abolished entirely,
39 percent said it should be held more accountable and 16 percent that
it should be abolished. Only 37 percent favor the status quo.
Americans Are Sick and Tired of Never-Ending War
Ron Paul is also gaining popularity because he is against the
never-ending War On Terror, and wants to bring the troops home.
Americans are sick of the never-ending, ever-creeping war. See this, this and this.
Americans Want Our Liberties Back
Americans are also becoming less tolerant of the wholesale
destruction of our constitutional liberties in the name of fighting
terrorism. As Talking Points Memo writes:
On the eve of the ten year anniversary of 9/11, the Pew Research Center has released new data
on Americans’ reaction to the attacks, and the foreign and national
security policies pursued in the post 9/11 era. They show a country with
views that have evolved on the relationship between civil liberties
and the tools given to government to fight terrorism, and a disbelief
that the continuing wars in Iraq and Afghanistan helped to lessen the
chance there will be another terrorist attack on the United States.
The Pew survey showed a large shift in the number of Americans who
are willing to see some of their civil liberties go out the window in
the name of fighting terrorism. Directly after 9/11, Americans were
willing to make the deal, as 55 percent thought it was necessary,
against 35 percent who felt the opposite. Now, only 40 percent felt that giving up some civil liberties is necessary to curb terrorism, with 54 percent against.
“…only about a quarter say the wars in Iraq (26%) and Afghanistan
(25%) have lessened the chances of terrorist attacks in the United
States,” the Pew report reads. “In both cases majorities say the wars
either have increased the risk of terrorism in this country or made no
Top American military leaders agree, saying that the war on terror has weakened our national security.
Hundreds of Millions of Americans Can’t Be Stopped
Of course, criticizing the Fed, wanting to end the wars, liking Ron Paul, or “taking
a cynical stance toward politics, mistrusting authority, endorsing
democratic practices, … and displaying an inquisitive, imaginative
outlook” can bring on heightened scrutiny or displeasure from the powers-that-be.
But given that the overwhelming majority of Americans fall in one or
more of these categories, they can’t harass hundreds of million of us.
Note: Instead of labeling the opinions described above as “conservative” or “liberal, please read this
Two weeks ago, the media’s heart went aflutter when it learned that the president had borrowed a page right out of ole’ Joe McCarthy’s communist witch hunt book with the launch of Attack Watch. The response by everyone, even fans of Obama, was immediate and brutal. Yet where Obama took about 24 hours to crash and burn, someone else has stepped in with a far stealthier method of ferreting out the traitors amongst us: none other than our old friends, the Federal Reserve Bank of the United States, which in a Request for Proposals filed to companies that are Fed vendors, is requesting the creation of a “Social Listening Platform” whose function is to “gather data from various social media outlets and news sources.” It will “monitor billions of conversations and generate text analytics based on predefined criteria.” The Fed’s desired product should be able to “determine the sentiment [ED:LOL] of a speaker or writer with respect to some topic or document”… “The solution must be able to gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.” Most importantly, the “Listening Platform” should be able to “Handle crisis situations, Continuously monitor conversations, and Identify and reach out to key bloggers and influencers.” Said otherwise, the Fed has just entered the counterespionage era and will be monitoring everything written about it anywhere in the world. After all, why ask others to snitch for you and anger everyone as Obama found out the hard way, when you can pay others to create the supreme FIATtack WatchTM using money you yourself can print in unlimited amounts. And once the Internet is completely “transparent”, the Fed will next focus on telephone conversations, and finally will simply bug each and every otherwise “private” location in the world. Because very soon saying that “printing money is treason” will be treason, and such terrorist thoughts must be pre-crimed before they even occur.
All we can say is we welcome our new Chairsatan Voldemort overlord. For it is truly he who must not be named henceforth.
From the key section of the RFP, presented in its entirety below:
Social media platforms are changing the way organizations are communicating to the public Conversations are happening all the time and everywhere.
There is need for the Communications Group to be timely and proactively aware of the reactions and opinions expressed by the general public as it relates to the Federal Reserve and its actions on a variety of subjects.
II. Social Listening Platforms
Social media listening platforms are solutions that gather data from various social media outlets and news sources. They monitor billions of conversations and generate text analytics based on predefined criteria. They can also determine the sentiment of a speaker or writer with respect to some topic or document.
The information gathered can guide the organizations public relations group in assessing the effectiveness of communication strategies.
Here are some of the services it can offer:
o Track reach and spread of your messages and press releases
o Handle crisis situations
o Continuously monitor conversations
o Identify and reach out to key bloggers and influencers
o Spot emerging trends, discussions themes and topics
A. Geographic scope of social media sites
The solution must support content coming from different countries and geographical regions. It should also support multiple languages.
B. Content and Data Types
The solution must be able to gather data from the primary social media platforms –Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.
C. Reports and Metrics
The solution must provide real-time monitoring of relevant conversations. It should provide sentiment analysis (positive, negative or neutral) around key conversational topics.
It must be able to provide summaries or high level overviews of a specific set of topics. It should have a configurable dashboard that can easily be accessed by internal analysts or management. The dashboard must support customization by user or group access.
The solution should provide an alerting mechanism that automatically sends out reports or notifications based a predefined trigger.
D. FRBNY Technology Integration
The solution must be able to integrate with existing FRBNY technologies such as: Google Search appliance, Lotus notes suite and web trends.It must have support for single sign on or windows integrated authentication.
E. Cost Structure
The solution should offer a flexible pricing structure that can support multiple user licensing. It should also have the option to base pricing on content volume and usage. Supplier acknowledges an understanding of and agrees to comply with the above minimum solutions requirements.
Sun Tzu wrote The Art of War 2,500 years ago. Because China declared war on American and London banks you might want to read the most revered Chinese writer on military strategies to understand what is coming next.
All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. Hold out baits to entice the enemy. Feign disorder, and crush him.
Let’s update the above for 2012 and our Currency Wars. The dollar is dying. There are bank runs in Europe. The Financial Times said the Europeans had to pull gold out of New York because they needed real collateral.
Ben Bernanke is printing dollars which he will swap by the trillions to keep the European banks running. As I said previously, Bernanke will continue printing money until the dollar, the pound and the euro go to zero value. You will have nothing. The bankers will have everything.
Previously I wrote of the Pan Asian Gold Exchange (PAGE), I said it was a declaration of war by the Chines against New York and London banks. They will be offering gold and silver futures contracts which will be redeemable in bullion unlike the COMEX in New York and the LBMA (London Bullion Market Association) which have no gold and silver.
Max Keiser and Stacy Herbert, American financial journalists based in Paris, said Bundesbank officials told them that the Chinese have three times as much gold as they publicly admit.
Now let’s revisit that quote from Sun Tzu. Suppose you are a modern Chinese warrior doing battle against America and Europe on the financial battlefields. Instead of – if you are many pretend to be few – let’s say this:
In 2012 if you have a lot of gold pretend to have none until you declare war on the dollar.
We have read of Wikileaks cables saying the Chinese strategy is to accumulate gold until they are ready for the yuan to replace the dollar as the international reserve currency.
The United States has been able to print dollars and buy 8 trillion dollars of real things without giving people anything of real value in exchange other than paper money. Recently the dollar has risen in value because Europeans have been fleeing their banks and the euro.
As I have said before, euro bank notes are clearly marked so that if Italy or Greece quit the Eurozone those euro notes will be exchanged for lira and drachma at half the purchasing power. Anyone who holds Greek, Italian, Spanish, Portuguese, Belgian and possibly French euros is just being silly. So it is not only worries about the bank’s holding bad assets that is fueling the turmoil in the markets. I would get my money out of a sound bank if I thought my currency was to be devalued 50%.
That current bump in the dollar against the euro will not last long. American and European corporations have to start releasing their financial statements soon. The stock markets will continue to decline. Where will the money go?
I think one safe exit is silver and gold bullion. One avenue many will choose for that exit will be the Pan Asian Gold Exchange which is coming online and will soon have investments offered through major American and European brokerages.
Most silver and gold investors expect bullion prices to go sharply higher before the end of the year. The FED has been subsidizing banks who lose money by the billions to short gold and silver. PAGE will stop that soon enough. As I have said before, once silver goes past $50 an ounce there will be no resistance and it will up, up and away.
The key question is this: when will China be ready to offer a replacement for the dollar with a gold backed yuan?
I think they are cautiously planning that for after 2012. They have been doing bilateral currency swaps to promote trade and to gradually reduce the usage of the dollar as a reserve currency. But my opinion is that we will all be overwhelmed by the sudden demise of the dollar, the pound and the euro. The Chinese will be forced to act sooner than they are planning. They might have to jointly issue a new international reserve currency with the Russians that will be convertible into gold, rubles or yuan.
Ben Bernanke is about to lose control of the world. He will print trillions of more dollars and swap them for euro bad assets, but what will he do for an encore?
China and Russia will have to step forward. The Europeans will have to save themselves by ditching the euro. The Greeks will be the first to default. Then the Spanish, the Belgians, the Irish, the Italians and the Portuguese will follow the examples of Iceland and Greece. A northern European euro might remain. Who knows?
Of this I am certain: the dollar will be going sharply down in value. The days of the southern European euro are numbered. The Chinese and the Russians will be forced by a severe economic crisis to step forward. The Chinese and the Russians will see no point in accepting any dictates from New York and London banks.
At this point, a student of Western history would expect our Currency Wars to turn into World War III. Let me state again what I will repeat in an upcoming series of articles: The US military will not allow the Israelis to launch WW III by attacking Iran. If the Israelis had the Greenlight, they would have already have done it.
Related Article: I mentioned this:
China Declared War On Wall Street And The City Of London
Before the United States House of Representatives, Committee on Financial Services, Monetary Policy and the State of the Economy, March 2, 2011
Every day we hear stories about rising prices. Whether it be food, gasoline, or clothing, the cost of living is going up, and not just for Americans, but for people around the globe. The Federal Reserve’s program of quantitative easing has taken some of the blame for this, and rightly so in my opinion. This program, known as QE2, sought to purchase a total of $900 billion in US Treasury debt over a period of 8 months. Roughly $110 billion of newly created money is flooding into markets each month, markets which are still gun-shy after the events of the last few years. Banks still hold underperforming mortgage-backed securities on their books, and are hesitant to loan out further money, holding well over a trillion dollars on reserve with the Fed. Is it any wonder, then, that this new hot money is flowing into commodities around the world?
Cotton is up over 170% over the past year, oil is up over 40%, and certain categories of food staples are seeing double-digit price growth. Yet while the Fed takes credit for the increase in the stock market, it claims no responsibility for the increases in food and commodity prices. What is always lost on economists is that inflation is at root a monetary phenomenon. As the money supply increases, more money chases the same amount of goods, and prices rise. There may be other factors that contribute to price rises, such as famine, flooding, or global unrest, but these effects on prices are always short-term, not long-term. Consistently citing rising demand or bad weather while ignoring monetary policy is a cop-out. Governments throughout history have sought to blame price increases on bad weather, speculators, and a whole host of other factors, rather than acknowledging the effects of their inflationary monetary policies.
We must also remember that those policymakers who exercise the most power over the economy are also the least likely to understand the effects of their policies. Chairman Bernanke and the other members of the Federal Open Market Committee were convinced in mid-2008 that the economy would rebound and continue to grow through 2009, even though it was clear to many observers that we were in the midst of a severe economic crisis.
These policymakers are also the last to feel the effects of inflation, in fact, they benefit from it. Inflation, that is an increase in the money supply, results in a rise in prices, but those who use this new money first, such as government employees, contractors, and bankers are able to use this new money before prices begin to increase, while those further down the totem pole have already had to deal with price increases before they see any of this new money.
For too long the Federal Reserve’s monetary policy has led to higher prices and a decreased purchasing power of the dollar. It is well overdue that this Committee exercise increased oversight and scrutiny of the Fed’s actions, and I look forward to further Committee action to rein in the Fed.
Copyright Dr. Ron Paul
MarketWatch Feb 15, 2011
… Bernanke’s ruling ideology is the culmination of a 30-year economic war that has forged together Reaganomics for the super rich, former Fed chairman Alan Greenspan’s toxic allegiance to Wall Street, the extreme Ayn Rand’s capitalist dogma, culminating in the toxic bailouts of Treasury Secretaries Hank Paulson and Tim Geithner, two Wall Street Trojan Horses corrupting government from within.
Since 1981 this monetary dictatorship has caused enormous collateral damage, systematically sabotaging democracy, capitalism and the American dream…
Fed dictator Bernanke needs to be toppled