Archive for the ‘the Federal Reserve’ tag
The First Great American Coup: JFK Assassination
John F Kennedy still calls out from his grave for justice.The first violent overthrow or coup of the U.S. Government occurred with the assassination of JFK in Dallas, Texas on November 22, 1963. On that day, the power was passed from the choice of the people to a tin pot dictator from Texas, Lyndon B Johnson, who gave the Pentagon, the CIA, the oil industry, and the banks everything they wanted ~ and that game still continues today:
You can’t fully understand what is happening now in America until you fully understand what happened 48 years ago in Dallas, Texas ~ when the slick and well orchestrated assassination of a sitting president, John F Kennedy, was accomplished in broad daylight. The power was then handed over to the CIA, Military Industrial Complex, the Pentagon, Big Oil and the Banks and their retainer was Lyndon B Johnson ~ who later died with JFK’s blood on his hands.
James W. Douglass. (2008). JFK And The Unspeakable: Why He Died And Why It Matters. New York: Simon & Schuster. Pg. 384 – 385. This quote is an excerpt from the Afterword, written on January 6, 2010, that appears in the paperback version of the book.
“At the height of the Cold War, JFK risked committing the greatest crime in human history: starting a nuclear war. Horrified by the specter of nuclear annihilation, Kennedy gradually turned away from his long-held Cold Warrior beliefs and toward a policy of lasting peace. But to the military and intelligence agencies in the United States, who were committed to winning the Cold War at any cost, Kennedy’s change of heart was a direct threat to their power and influence. Once these dark “Unspeakable” forces recognized that Kennedy’s interests were in direct opposition to their own, they tagged him as a dangerous traitor, plotted his assassination, and orchestrated the subsequent cover-up. Douglass takes readers into the Oval Office during the tense days of the Cuban Missile Crisis, along on the strange journey of Lee Harvey Oswald and his shadowy handlers, and to the winding road in Dallas where an ambush awaited the President’s motorcade. As Douglass convincingly documents, at every step along the way these forces of the Unspeakable were present, moving people like pawns on a chessboard to promote a dangerous and deadly agenda. We’re led to believe that the United States government is a positive force in the world but this is not true. I’m not saying it couldn’t be in the future, in fact, once there is a regime change in Washington, America will become the greatest country in the world again, but as it is now, the deceitful and manipulative leaders in the CIA, the Federal Reserve, the White House, the State Department, and the Pentagon are the most destructive force in the world, and pose the greatest existential threat to human civilization, and world peace.”
Amen, and on that shocking day in 1963 America initially began to lose faith in its government and that lost of faith has accelerated through every administration including the present Obama administration ~ and perhaps the third great American coup as President Obama continues to deflate the bubble of faith as a true agent of change ~ that he once used to be elected in 2008.
It was George Santayana who wrote ~ Those who do not remember the past are condemned to repeat it. I would edit that to Those who do not remember and learn from the past are condemned to repeat or continue the same mistakes or errors ~ as such, we still have much to learn from JFK’s assassination.
I remember well that day in 1963 ~ I could literally feel a lost of faith and felt demoralized, both within myself and saw it all around me, but looking back now through clearer eyes I realize that it was indeed the first great American coup.
It reminds me of a quote from Adolf Hitler ~ which has most certainly been proven true. “Demoralize the enemy from within by surprise, terror, sabotage, assassination. This is the war of the future.”
Clearly, by late 1963, the decision had been made from WITHIN that:
- “Kennedy had to be deprived of re-election.”
- “Kennedy had to go.”
- “A Kennedy dynasty had to be thwarted.”
It was a slick operation. Not only did it work, it confused hundreds of millions of people, even those who didn’t believe the official story ~ like me.
FACT: The US suffered a violent overthrow or coup in 1963.
The power in the US was passed from the choice of the people to a tin pot dictator from Texas who gave the Pentagon, the CIA, the oil industry, and the banks everything they wanted. You cannot fully understand the second great American coup of 9/11/01 until you fully understand the first great American coup of 11/22/63. The same forces are at work ~ the Military Industrial Complex, the CIA, the Pentagon, the Federal reserve and the State Department. Both events equally treasonous and shocking.
Here’s some truth to clear the cobwebs ~ Must see Video: The American Coup – 1963 How the power was passed on to a criminal who could be trusted.
About the Author: Allen L Roland is a Freelance Alternative Press Online columnist. He is also a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his web site at AllenRoland.com. He also guest hosts a Truthtalk, a national radio show that airs monthly. He is available for comments, interviews, speaking engagements and private consultations via email at allen@allenroland.com.
The First Great American Coup: JFK Assassination
http://www.veteranstoday.com/2011/08/16/the-first-great-american-coup-jfk-assassination/
Karl Denninger Talks About Cheap Money on Financial Sense
I think you’ll find the interview enlightening — enjoy.
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Here is the interview recorded with Jim Puplava of Financial Sense discussing Leverage: How Cheap Money Will Destroy The World, available at all the usual places (click the book at right to order your copy!.
Benjamin Fulford: The Arrest of IMF Chief Dominique Strauss-Kahn Signals New Phase In Financial War
Vatic Note: As I stated before, I simply want to be a fly on the wall when Kharma strikes hard and fast. Nothing would be more rewarding than to FINALLY see justice done to the criminal mafia satanists that have done this to our country. When we reclaim it, lets take better care of it than we have in the past and do something about wealthy prestigeous psychopaths never ever obtaining this kind of power ever again to do this kind of damage.
The arrest of IMF chief Dominique Strauss-Kahn signals new phase in financial war
http://truth11.com/2011/05/16/ben-fulford-the-arrest-of-imf-chief-dominique-strauss-kahn-signals-new-phase-in-financial-war/
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Benjamin Fulford
May 17, 2011
Dominique Strauss-Kahn, the head of the IMF, was arrested last week because he was trying to steal the American people’s Social Security money to finance the Euro, according to Rothschild family sources. The charge of rape against him was almost certainly a case of entrapment by a female agent although I am sure no proof of this will ever be found.
The next phase in the battle against the high level financial gangsters is expected to target Goldman Sachs and Morgan Stanley but, the closing of these criminal enterprises will only mark an intermediate phase in the battle against the criminal elements concentrated in the central banks of the West, according to White Dragon Society sources. The end result is certain to be a historical change of the sort not seen for thousands of years, if ever.
There is much we have been asked not to talk about or write about for security reasons but we can say there is a serious under-current of fear prevalent among the high level financial gangsters. Take a look at this photo of Fed Chairman Ben Bernanke and you will get the idea:
He is not a happy camper.
The last hold-outs against the new financial system are a group around the German Queen Elizabeth Battenburg (Windsor), a part of the Rothschild clan, and the international drug mafia headed by George Bush Senior, according to dark brotherhood sources. The pentagon, the alphabet agencies, Interpol, the yakuza, the triads, the Saudis, most of the European royalty, the Vatican etc. are now aligned with the new financial system.
Another clear sign that the Old World Order control grid is disintegrating is the widespread publicity of the movie about the death of Princess Diana.
The fact that she was murdered has been known to the aware part of the Western population for a long time. What is different this time is that it is being reported by propaganda outlets such as AP news. This is a clear sign of a high level split in the ranks of the formerly united cabal.
Diana was killed because she was pregnant with the child of her fiancée Dodi al-Fayed and was planning to convert to Islam before her marriage, according to British royal family sources. She was alive after the contrived accident that supposedly led to her death and was killed in the hospital, the sources say. That is why media outlets that used to report propaganda are referring to the British royal family as “Gangsters in tiaras.”
The Battenburg Branch of the European Royalty headed by Elizabeth and Charles in England is expected to be replaced by the Stuart branch of the family that Diana hailed from. More specifically, Diana’s son Harry, who was fathered by Diana’s lover James Hewitt is expected to be the new King of England. Take a look at a picture of Harry and James if you doubt this to be true:
[Oh, my!]
The staged “murder” of Bin Laden (who multiple credible witnesses say died in 2002 of kidney failur) is also likely to have many more consequences. There has been much written elsewhere about how obviously fake the entire “operation to kill Bin Laden” was. Journalist Tom Henegan’s sources claim the death was staged to allow the unfreezing of funds frozen at the time of 911 in order to buy more time for the cabal. The Navy Intelligence information/disinformation site Sorcha Faal claims it was actually Bin Laden’s brother who was killed. On these specific allegations, what these sources say fits in with what our sources say.
If it was Bin Laden’s brother who was killed, then since the Bin Laden family have been long term partners of the Bush family (Bin Laden’s older brother Salim Bin Laden was a co-founder of Bush Jr.’s company Arbusto) then it may have been the work of the Chicago mafia behind “President” Obama. That means some kind of revenge strike against Chicago is a distinct possibility.
The infighting of the sort described above between the various factions of the Old World Order is expected to intensify over the coming days and weeks. The result will be complicated strife between ever changing factions until the criminal financial cabal is finally taken down.
It is not over until it is over and the criminal cabal is still threatening to do horrible things to the planet. This could mean the additional use of earthquake weapons, nuclear terror attacks, the dissemination of biological and chemical weapons, high-level assassinations and more.
However, the writing is on the wall for these Satanic terrorists and their ability to cause mayhem is being dismantled steadily but surely. It will not be long before the head of the octopus is taken out and the legs stop thrashing.
Once this is done, humanity will enter a golden age. The Western branch of the White Dragon Society has a request to the Asian side concerning the gold gathered and hidden in caves to back up the old gold-backed system supported by Kennedy and Sukarno. They say the gold should no longer be hidden but rather put into a vast, public monument made of solid gold. Perhaps a giant golden dragon might be a possibility.
The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.
Ben Fulford: The arrest of IMF chief Dominique Strauss-Kahn signals new phase in financial war
The Real Housewives of The Federal Reserve
Matt Taibbi has resurfaced with another stunner of Wall Street impropriety which will lead to merely more silence, even more unanswered questions and be quickly buried by the kleptocratic oligarchy.
The Real Housewives of Wall Street: Look Who’s Cashing In On the Bailout
Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?
From Rolling Stone Magazine
In August 2009, John Mack,
at the time still the CEO of Morgan Stanley, made an interesting life decision. Despite the fact that he was earning the comparatively low salary of just $800,000, and had refused to give himself a bonus in the midst of the financial crisis, Mack decided to buy himself a gorgeous piece of property — a 107-year-old limestone carriage house on the Upper BeerEast Side of New York, complete with an indoor 12-car garage, that had just been sold by the prestigious Mellon family for $13.5 million. Either Mack had plenty of cash on hand to close the deal, or he got some help from his wife, Christy, who apparently bought the house with him.
The Macks make for an interesting couple. John, a Lebanese-American nicknamed “Mack the Knife” for his legendary passion for firing people, has one of the most recognizable faces on Wall Street, physically resembling a crumpled, half-burned baked potato with a pair of overturned furry horseshoes for eyebrows. Christy is thin, blond and rich — a sort of still-awake Sunny von Bulow with hobbies. Her major philanthropic passion is endowments for alternative medicine, and she has attained the level of master at Reiki, the Japanese practice of “palm healing.” The only other notable fact on her public résumé is that her sister was married to Charlie Rose.
It’s hard to imagine a pair of people you would less want to hand a giant welfare check to — yet that’s exactly what the Fed did. Just two months before the Macks bought their fancy carriage house in Manhattan, Christy and her pal Susan launched their investment initiative called Waterfall TALF. Neither seems to have any experience whatsoever in finance, beyond Susan’s penchant for dabbling in thoroughbred racehorses. But with an upfront investment of $15 million, they quickly received $220 million in cash from the Fed, most of which they used to purchase student loans and commercial mortgages. The loans were set up so that Christy and Susan would keep 100 percent of any gains on the deals, while the Fed and the Treasury (read: the taxpayer) would eat 90 percent of the losses. Given out as part of a bailout program ostensibly designed to help ordinary people by kick-starting consumer lending, the deals were a classic heads-I-win, tails-you-lose investment.
So how did the government come to address a financial crisis caused by the collapse of a residential-mortgage bubble by giving the wives of a couple of Morgan Stanley bigwigs free money to make essentially risk-free investments in student loans and commercial real estate? The answer is: by degrees. The history of the bailout era reads like one of those awful stories about what happens when a long-dormant criminal compulsion goes unchecked. The Peeping Tom next door stares through a few bathroom windows, doesn’t get caught, and decides to break in and steal a pair of panties. Next thing you know, he’s upgraded to homemade dungeons, tri-state serial rampages and throwing cheerleaders into a panel truck.
The impetus for this sudden manic expansion of the bailouts was a masterful bluff by Wall Street executives. Once the money started flowing from the Federal Reserve, the executives began moaning to their buddies at the Fed, claiming that they were suddenly afraid of investing in anything — student loans, car notes, you name it — unless their profits were guaranteed by the state. “You ever watch soccer, where the guy rolls six times to get a yellow card?” says William Black, a former federal bank regulator who teaches economics and law at the University of Missouri. “That’s what this is. If you have power and connections, they will give you a freebie deal — if you’re good at whining.”
This is where TALF fits into the bailout picture. Created just after Barack Obama’s election in November 2008, the program’s ostensible justification was to spur more consumer lending, which had dried up in the midst of the financial crisis. But instead of lending directly to car buyers and credit-card holders and students — that would have been socialism! — the Fed handed out a trillion dollars to banks and hedge funds, almost interest-free. In other words, the government lent taxpayer money to the same assholes who caused the crisis, so that they could then lend that money back out on the market virtually risk-free, at an enormous profit.
Cue your Billy Mays voice, because wait, there’s more! A key aspect of TALF is that the Fed doles out the money through what are known as non-recourse loans. Essentially, this means that if you don’t pay the Fed back, it’s no big deal. The mechanism works like this: Hedge Fund Goon borrows, say, $100 million from the Fed to buy crappy loans, which are then transferred to the Fed as collateral. If Hedge Fund Goon decides not to repay that $100 million, the Fed simply keeps its pile of crappy securities and calls everything even.
This is the deal of a lifetime. Think about it: You borrow millions, buy a bunch of crap securities and stash them on the Fed’s books. If the securities lose money, you leave them on the Fed’s lap and the public eats the loss. But if they make money, you take them back, cash them in and repay the funds you borrowed from the Fed. “Remember that crazy guy in the commercials who ran around covered in dollar bills shouting, ‘The government is giving out free money!’ ” says Black. “As crazy as he was, this is making it real.”
read the full article here
Karl Denninger Podcast – for April 4, 2011
Intertwined subjects? You bet. And now that Libya is not just a “US shoot Tomahawk” zone, we have activity on the Ivory Coast. This is French – for now. The ECB is expected to raise rates this week, while Bernanke is supposed to speak this evening. What are the facts? It’s all a farce, and we’ll talk about it.
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The Two Coming American Revolutions
by Silver Shield
The Enemy of my Enemy is NOT my Friend.
In the late 1700′s there were two historic revolutions, the American and the French Revolutions. The American Revolution was very much an intellectual revolution as much as it was a military revolution. In the years before the first shot was fired, American Patriots laid the intellectual foundation for the American Revolution. They worked on what America should be and not so much of what they were against. The original Sons of Liberty mounted an intellectual assault on the Empire that the sun never set on. By the time the first shot was fired, our founding fathers had spent years carefully crafting a political and economic system that would ready for when they had control of their destiny. This system sought to decentralize power so that no Elite could seize power. They also created a Free Market economic system that would ensure the prosperity of future generations. This eventually led to the most powerful nation the world has ever seen.
The French Revolution was more of a revolution of what the people were against, namely the Monarchy. Those that stoked the flames of revolution in France vilified the Monarchy and their huge wealth. The French took out the Monarch and replaced it with an Oligarchy of Terror. With no King to blame, Robespierre and the Jacobins proceeded to terrorize France with their Reign of Terror. The Jacobins upset society so much that neighbor turned against neighbor, as the Guillotine grew thirsty for more blood. It was not until Napoleon came forward with a vision for what France could be did society turn around.
When the American Empire collapses, we will face two paths. We will either fall into another Dark Ages where fear and terror reign. Or we will have another Renaissance where ideas and freedom are cherished. Just like the American and French Revolutions, the key for our society, will be what do we stand for and not as much what we are against. I spent six years putting together the Sons Of Liberty Academy to help forge the intellectual foundation of the next American Revolution. I made the Academy for free with the hope of reaching a wider audience to help build a brighter future for all of us. My ultimate goal is to get people educated and start thinking about what you stand for.
There are two kinds of Revolutions on the horizon for America. The first, is a get back-to-basics Constitutional Revolution. This kind of patriotic revolution is a non-violent, non-compliant movement that is centered on education and leaderless resistance. The Constitutional Revolution seeks to level the playing field by eliminating the core of our problems our debt based, fractional reserve, fiat money system and mercantilism and replace it with honest money and Free Market capitalism. It also seeks to have a level field of justice, campaign finance and decentralize political power away from the Elite. This Revolution would bring home the troops from our 777+ military bases and practice non-intervention. They would seek to level unfair taxes and regulations that benefit the Elite and hurt the rest of us. In short, they would legalize the Constitution with the right to bear arms, freedom of speech, freedom of the press, Habeas Corpus, and so on.
The second kind of Revolution is very different, even though they seem to have the same bad guys in their sights. I have always watched a lot of documentaries. Recently there have been a lot of very slick documentaries attacking Wall St, The Federal Reserve, Debt, Housing Bubble, Corporate Greed, Wars, Outsourced Jobs and Big Oil. All of these documentaries are stunning attacks at the very real problems our country is facing. For the most part there is nothing to argue against. We are going down the wrong road and there is a group of Elite that are absolutely gutting America and raping the world for their own personal profit and power.
The problem is, for the most part, these documentaries don’t offer a solution, only an attack on “Capitalism.” This Anti-Capitalism or Collectivism Revolution seeks to paint a broad brush and label all Capitalism as evil. In reality the kind of Capitalism we have today has nothing to do with the Free Market Capitalism that made America great. Our Capitalism today is a Collectivist monster that is better described as Crony Capitalism, Crisis Capitalism, State Capitalism, Corporate Capitalism, Gangster Capitalism or Mercantilism. These economic systems have much more in common with their Collectivist cousins Fascism, Socialism, and Communism than Free Market Capitalism. The underlying tone to all of these documentaries are hinted at with phrases like progressive politics, stronger worker’s rights, redistribution of wealth, health care is a right, higher taxes and regulation… you know Socialism. They won’t come out and flash the Lenin or Marx posters, but the influence is there.
“ALL SOCIETIES ARE CAPITALISTIC. The ONLY difference is who owns/controls the Capital. You don’t really think Communists are trying to get rid of Capital do you? Your either going to live under a Monopolistic Capitalistic Oligarchy, or a Competitive Capitalistic Republic. There aren’t any others.” Sui Juris
The defining power of Free Market Capitalism is failure. When you fail in a free market, you alone bear the burden of your loss. When you succeed, you alone are the beneficiary of your labor. Through your risk of failure, you seek to make the best decisions and take educated risks. Through failure, you seek to improve your product or process over and over, until you succeed. Thomas Edison failed 1,000 times before he created the light bulb.
In a Free Market, there are no Central Banks rigging the price of money. There are no “too big to fails.” There are no bailouts. There are no redistribution of wealth. There are no committee to set prices or regulations. There are no Government subsidies. Government would only act as a referee ensuring a good clean fight on a level playing field.
The problem we face now is that our “Capitalism” is corrupt and only serves the Elite. Those with the political connections get bailed out of their failure and spread the cost among those who were prudent or worse, those that succeeded. In reality we have a two tiered system in which most of America gets the failure of Capitalism and the Elite get the Socialism of being bailed out on our backs. In essence we privatize profits and socialize loses. This creates a moral hazard where those that are alleviated of the risk of failure, take more and more risk, in search of greater profits. This ultimately leads to a crisis which, is where we are today.
“I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. … You are a den of vipers and thieves.”
—Andrew Jackson, 1834, on closing the Second Bank of the United States;
The Constitutional Revolution seeks to create a level playing field with honest money at its core. They would eliminate the Fed and the ability for them to print money out of thin air that taxes us through inflation. They would let the “too big to fails” fail. They would put the criminal CEOs in jail for their schemes. They would allow the Free Market to find proper CEO compensation, because the tricks CEO’s use to pump up their wealth, would be eliminated. They would eliminate Corporate Welfare and anti-competition regulations. In a truly Free Market, we would not have this vampire squid sucking all of the wealth from the creation and profiting off of asset bubbles. The Constitutional Revolution would decentralize power. This would localize any crisis into their immediate area of influence and not this globalized crisis of the month. In short, this system would be a system of volunteerism and responsibility with no coercion or violence.
The Anti-Capitalist or Collectivist Revolution would use the brute force of the masses to redistribute wealth, just like the Bolshevik Revolution. They would seek to whip up the crowd into a frenzy and offer them a free lunch. The Bolshevik Communists overthrew the Czar with their motto of Bread, Land and Peace. This time around the rallying cry might be Big Macs, iPads, and Porn. The problem with this type of revolution is that it gets rid of one Elite, for another. (Some pigs are more equal than others…) They also run into the inevitable problem of running out of people’s money to steal. Or in the case of the French Revolution, you run out of CEO’s heads to chop.
The fatal flaw with all Collectivist Economic systems is that they rely on the ridiculous notion that a tiny group of individuals are smarter than every individual making their best choices. In all of these Collectivist programs, from Crony Capitalism to Communism, there is a centralized group out to rig the market for some desired outcome. In extremis, the command economy seeks to control every economic decision regardless of the value or happiness of the end consumer. The Free Market is a living-breathing organism that sends messages to production, consumption, distribution, and the happiness of the whole, through the pricing mechanism. The Free Market eliminates misallocations of capital and resources. The Free Market balances supply with demand. (Silver has been abused to the point of extinction because of market manipulations.)
Collectivists do not care if you are happy; they only care if you are controlled. There are 4 ways to spend money.
1. You spend your money on yourself. You spend money with great care to give you the best value and in a way that makes you most happy. This closely resembles the Free Market.
2. You spend someone else’s money on yourself. You do not care as much for the value but you still care about what makes you happy. This resembles what the Elite get in their Crony Capitalism.
3. You spend your own money on someone else. You care a little less about the value and you certainly care a lot less about the happiness of the recipient. (Think of your Grandmother giving you socks for Christmas…) This resembles Charity.
4. You spend somebody else’s money on somebody else. You do not care for the value or the happiness of anyone involved. This closely resembles Communism.
In the Constitutional Revolution there would be an economic system where your property rights are protected and you are the most happy. The Anti-Capitalists or Collectivists just want to steal from those that stole from us, so that they can be the ones to redistribute the money. They only way to a new Renaissance is to create a new world with new rules and bring legal justice to those that have committed the crimes. The path to the new Dark Ages lies in violence, coercion, witch-hunts, more regulation, concentration of power and fear.
I wrote and article called The Silver Bullet and the Silver Shield that sought to strike the Achilles Heel of JP Morgan. The strategy was a non-violent leaderless action that exposed a fraud that would strike at the heart vampire banking system. This would force the Free Market to reestablish silver as a precious metal. This will profit the Aware who see silver’s story and strike at the heart evil Elitist system that dominates humanity with debt and war.
When I read an article about someone caught on tape plotting to take down JP Morgan, I was interested to say the least. Stephen Lerner was the head of one of the largest unions and he was concocting a plan to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government. As soon as I heard redistribution of wealth, I knew the rest of the story.
The plan involved people doing a strategic default, not paying their mortgages while they still can, and sucking the capital out of banks to cover those losses. This is nothing new, heck even Max Keiser pushed this idea a couple of weeks ago. This idea does have merit because corporations do this all of the time, it is just good business. That is a volunteered individual action for the best decision that person could make. If you are upside down in a house 20% or more and housing sales just hit an all time low and they are saying it is going to take 20 years for some markets to recover, really, what JP Morgan do?
He goes on to say that student debt is at 1 Trillion dollars, what if all students said, “no mas”? The college trap is sucking the very life from young people. The degree is worthless and its debt is something they cannot get away from through bankruptcy. It is preventing people from buying homes, getting married, and having children. It is another debt where people were systematically induced believe one thing, but did not realize that there was a pound of flesh due in the end.
The next part of Stephen Lerner’s plan was to leverage the Union’s ties with government to force the banks to renegotiate the debt. Stephen is starting to show his progressive side. Now through coercion and the threat of the state, they are out to change the rules for connected parties. The Constitutional solution would be to hack at the root of the evil on Wall St and get rid of the Fed, debt based fiat currency and fractional reserve banking. He says that the unions should strike and make one of the issues that the city must get the bankers to lower the debt to the cities. Mr. Lerner is not doing this because he is a good guy; he is doing it so there is more of a pool of money for the Unions to dip into.
He says the key part of the plan is to create uncertainty and disruption, because that is what the Capitalists fear the most. They need to come up with a plan to bring down the stock market and interfere with their, “ability to be rich.” He proposes to march on JP Morgan at the beginning of May and disrupt operations. (Probably May 1st, International Workers Day.) They will attack with this three-point plan.
1. There is plenty of money- they have it.
2. They have the money- we need to get it back.
3. And that the Bankers are using Bloomberg and the government to destroy the Unions.
The truth of the matter is that this whole entire economy is one big Ponzi scheme and Mr. Lerner’s plan does nothing but cause upheaval. It does not offer solutions because they don’t have one. He won’t say it, but I bet he wants to be the one redistributing the wealth of Wall St. (Some pigs are more equal than others…)
He will not create a level playing field.
He will not legalize the Constitution.
He will not return to honest money.
He will not End the Fed.
He will not protect property rights.
He will not let you have a choice.
His plan causes chaos to bring down a paradigm, only for him and his crew to fill the power vacuum, which is exactly what the Bolsheviks did in Russia. They got people all whipped up to take something down and in the void the Communists took absolute power. Attacking JP Morgan does not make them an ally, only another collectivist trying to get something for nothing.
“Hold on, my friends, to the Constitution and to the Republic for which it stands. Miracles do not cluster and what has happened once in 6,000 years may not happen again. Hold on to the Constitution, for if the American Constitution should fail, there will be anarchy throughout the world.” –U.S. Senator Daniel Webster
There are two Revolutions are coming to America.
The Constitutional Revolution has only happened once in history and created the last best hope for humanity.
The Collectivist Revolution has been tried hundreds of times throughout history.
It has a death toll and economic record so horrendous, only a psychopath could enjoy it.
“Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.” -Robert Frost
Wake Some People Up!
Lerner’s Rebellion
Karl Denninger of The Market Ticker asks an important question in an article posted by him today:
“Why Is Glenn Beck After The SEIU?”
To me, Denninger’s argument is rational and logical.
Look when you take out a mortgage, you sign a contract. The contract says you will pay $X for Y period of time or the bank has the right to come take the house back from you and sell it to someone else. Ok, so what’s the problem? You decide to do the second – not pay. Before someone pipes up and says “but that’s immoral!” let me point out that the Mortgage Bankers Association themselves did the same thing. They “jingle mailed” their headquarters building, which they bought and then dropped in value.
For comic relief, be sure to see the clip posted on the Market Ticker blog.
For Lerner, to advocate a mortgage default strategy for homeowners got him branded a terrorist and is under attack by Beck, certain Tea Party organizations and the banks.
In another case, linked I believe in the new-found terrorist rhetoric, Bernard von Nothaus the silver coin minter was called a “unique form of domestic terrorist” for issuing silver money with real intrinsic value. Now that is unique!
Tony Cartalucci describes in fine detail the alleged threats posed by Mr. von Nothaus and ultimately the danger posed any citizen who speaks out against theft and abuses by private bank cartels in his article Economic Terrorists: That’s You.
The threat von Nothaus posed was not to the US economy, nor the US Constitution, but rather to the corporations that have hijacked and monopolized them. By offering Americans an alternative to the private banking cartel’s collapsing fiat currency, von NotHaus gave us an opportunity to entirely replace this corrupt system, become independent once again as a nation and restore the US Constitution.
To help explain why we are terrorists for resisting receivership under crony-corporate fascism, there is News Corporation’s Glenn Beck. News Corporation itself is a member of the corporate-financier run Council on Foreign Relations, with Fox News’ Rupert Murdoch holding an individual membership as well.
Glenn Beck has recently sided with US Attorney Tompkins’ decision, calling Bernard von NotHaus “misguided” and that what von NotHaus was doing was “illegal.” Beck goes on to say that von NotHaus’ idea of using sound currency based on tangible assets is “not the answer.”
In conclusion, Beck is a fake defender of the people and the Constitution – pure psyops theater. Arguing the merits of the homeowners decision and its nuances isn’t what this is about. We are seeing the beginning of a concerted effort to charge any critic of the banks, the financial industry and particularly the Federal Reserve as a domestic terrorist. But, if you’re simply a ne’er-do-well, don’t worry, there’s only a debtors’ prison waiting for you.
. . . . . .
“Conditions are Spinning Out of Control”
For those foolish enough to fall for the government propaganda that a recovery is underway, caution and reconsideration are in order. All that governments have left is to promote the illusion of a recovery. They have exhausted their money, creditability and citizens’ patience.
Gerald Celente described their actions:
From the onset of the financial crisis that began in August 2007, and through the ensuing Panic of ’08, Washington, the Federal Reserve and central banks have managed to forestall a Great Depression-grade meltdown by way of a variety of multi-trillion dollar rescue packages, bailouts and stimulus programs. For three years the programs were able to induce an illusory and superficial recovery that, barring a major external geopolitical jolt, might have continued to run its course until the inevitable denouement.
Governmental attempts were doomed from the beginning. All that is left now is duplicity designed to buy time. A collapse is inevitable, all as a result of government economic interventions. Continued interventions provide no hope of avoiding the inevitable. They merely represent an attempt to push off Cairo or Tripoli type demonstrations from coming to the streets of America. Deferral may be possible; avoidance is not.
Bill Bonner ridicules this charade and Tim Geithner in particular:
Now, how did that work again? The banks were shown to be insolvent during the crisis of ’07-’09. They had too much bad debt and not enough capital. And now they’re healthy, right?
Well, what happened to the bad debt? Most of it was backed by real estate. Did real estate go up? It didn’t?
Then, what happened to make the bankers rich again?
The Fed bought their bad debt – about $1.25 trillion worth. But not only did it relieve the banks of their mistakes, it also connived with the US Treasury, now run by the aforementioned Geithner, to make sure the bankers made a lot of money. The Fed lent to them at next to zero interest rate. Then, the US Treasury borrowed the money back at 4%. Even a banker could make money with that deal.
But wait, there’s more…
Government deficits and money printing may mean eventual ruin to a nation’s finances, but they do wonders for the financial sector.
Bonner, in an attempt to educate Geithner (and Bernanke) cites Ludwig von Mises:
Credit expansion cannot increase the supply of real goods. It merely brings about a rearrangement. It diverts capital investment away from the course prescribed by the state of economic wealth and market conditions. It causes production to pursue paths which it would not follow unless the economy were to acquire an increase in material goods. As a result, the upswing lacks a solid base. It is not a real prosperity. It is illusory prosperity. It did not develop from an increase in economic wealth [i.e. the accumulation of savings made available for productive investment]. Rather, it arose because the credit expansion created the illusion of such an increase. Sooner or later, it must become apparent that this economic situation is built on sand.
Timing may be uncertain, but the end result is not. I believe that we are nearing the end, but institutions like countries, governments and the like take longer to die than logic suggests. Bells are not rung providing a warning when the unthinkable is about to happen. The 1987 stock market crash came out of nowhere as did the dot-com and housing collapses. So did events in the Middle East and Africa. When conditions change, they do so at dramatic pace.
No one can predict timing with reasonable accuracy. Yet things don’t feel right and Celente warns: “Be prepared conditions are spinning out of control.”
Is Wisconsin the trigger or will something else start the avalanche?
