fiscal cliff

Hey ….they may have just forgotten about it …so, here is all the information. Now they should be relieved that they’ll be able to avoid raising our taxes and stealing from our future generations: The Federal Reserve is a Private Company owned mostly by foreign interests and has no accountability to the US Congress. However, due to the outrage of the American people due to the published bailouts, Congress was able to perform a very limited audit in 2011 (first time ever) where we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis. They even secretly loaned out hundreds of billions of dollars to foreign banks. According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. What’s worse is that these loans were at low interest and the banks turned around and used the money to buy more US securities. Effectively, the Fed gave away $16.1 Trillion of U.S. taxpayers $ so that their “Foreign Owners” could loan it back to them at a higher interest rate. The QE Infinity initiative is more of the same. The Fed is printing $40 billion per month and “buying” from banks below mortgage backed securities. What they would like the American people to believe is that the billions are being pumped back into the economy , ie. bolster the stock market, investments for small business, increased consumer credit, etc. In reality, these banks are using the money to buy T-Bills from the Fed. Basically the Fed is using this initiative in the biggest property grab in the history of the world with $ that are worth just the paper on which they are printed.

Here is a link to the list of illegal loans from page 131 of the audit report.

http://www.scribd.com/doc/60553686/GAO-Fed-Investigation#outer_page_144

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

Nice business model if you can get away with it. Of course, you would have been hanged if you tried it before 1913.  The Federal Reserve Bank is the biggest fraud ever perpetrated on Americans. They don’t teach this stuff in college, unless you go to Yale of course where you can take “How to Bankrupt an Economy using your Father’s Wealth 101”

note from blog author (pzykr)– the QE Infinity initiative mentioned above refers to “Quantitative Easing” which is a program under which the federal government buys bonds — sounds reasonable enough, right? but what do they buy them with?  ah! there’s the catch! they just print up new money!! it’s created out of paper, ink, and thin air. the inevitable result is inflation, as the law of supply and demand will not be cheated.  the QE initiative will continue until the unemployment rate drops to 6.5%, they say. or maybe until it takes a wheel-barrow full of $100 bills to buy a loaf of bread…

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america

the hacktivist group anonymous put it better than i’ve ever heard it explained!

john stuart mill (“on liberty”) popularized the phrase “the tyranny of the majority,” but plato was already complaining about the democracy problem when the citizens of athens colluded to convict plato’s friend and mentor socrates on trumped-up charges and sentence him to drink the famous glass of poison hemlock.

if the “What it actually is -” part seems a little outrageous to you i suggest you use your favorite search engine to answer the question, “who owns the federal reserve?”


the founders would not recognize current corporate america as the nation they founded.

taoism

i told a dear friend i am a taoist (also known as “quietist”).  she said that she didn’t know what i meant by that:

my response (very slightly edited for clarity):

taoism – (in the beginning not a religion; but, as usual, corrupted by a couple of thousand years of human misunderstanding…) is a weltanschauung, an explanatory principle, a set of techniques, a method of self-cultivation, that doesn’t try to fit omnipotence, omniscience, and omnipresence into one man-like entity but rather embraces the unity of the all-one, the universe, as a creative, intelligent, and – if one is in harmony with it – helpful source of, well — everything

the quietist part -and the technique i mentioned- is practicing silence so that one can be in harmony. (i’m convinced it has to do with non-interfering with quantum waves and such—but those are words and not quietness…)

what is the real purpose of the CIA?

John R. Stockwell is a former CIA officer who became a critic of United States government policies after serving in the Agency for thirteen years serving seven tours of duty. After managing U.S. involvement in the Angolan Civil War as Chief of the Angola Task Force during its 1975 covert operations, he resigned and wrote In Search of Enemies, a book which remains the only detailed, insider’s account of a major CIA “covert action.”

 

i must read this book! it sounds as if it is absolutely consistent with what col l fletcher prouty wrote in “the cia, vietnam, and the plot to assassinate john f kennedy.”

 

 

simple econ explanation — with sources

it’s complicated by lots of deliberate misdirection and word games, but if one digs deeply enough the fraud perpetrated on the whole world by the banksters, and the resultant worldwide crisis can be explained in rather simple terms. (source material here: http://www.globalresearch.ca/the-wall-street-ponzi-scheme-called-fractional-reserve-banking/11600 and here– follow the links: http://economistsview.typepad.com/economistsview/2012/12/interview-of-james-galbraith.html —especially read the speech jamie galbraith gave in germany recently! )

first, everyone but consumers knew what was going on: it was not discussed in polite company. loans were being given to people who couldn’t repay them–all over the world–from omaha to greece. bad debt was passed off on unsuspecting investors by insiders who knew what the deal was but also knew that investors had no idea what a “credit default swap” or a “collateralized debt obligation” really was or what kind of risk they were paying their good money for. and this whole system was based on bankers putting more money into play than they actually had (that’s the “fractional reserve” part). they called it by different names: leverage, mortgages, loans, revolving credit, “liar’s loans”, i don’t even know all the covert ways they have of saying “here; buy this with imaginary money and pay us back later with real money.” the banks can’t lose because they are using depositors “money” to make loans, demanding interest in return, and the federal government guarantees to pay in full if the bank’s depositors demand all their money. at this point, more money is owed to the banks than even exists! that’s right, read the “ponzi scheme” article linked to above, and follow some of the links…

so what’s a poor, underfunded central government to do. well, it’s called “quantitative easing.” they don’t exactly explain it this way: they talk about the central bank “buying bonds” and talk about whether the term of the bonds is longer or shorter as if that were the more important part of the transaction. you kinda have to know your way around a bit to ask, “where is the money coming from that you’re buying these bonds with?” ah! “we’re printing it at the mint.” “where did it come from?” “paper and ink” “is it backed up by anything? like gold in ft knox, you know? or anything like that? something you can exchange it for?” “it’s backed by the full faith and credit of the united states government!” “but didn’t the united states government recently get it’s credit downgraded?” “…”

the rebellions in this country have consistently been over taxes–the taxes on tea that led to the boston tea party, there was someone’s tax revolt that my memory of high school american history doesn’t supply me after 40 years… others i’m sure. ms savelle, 10th grade history teacher did teach one enduring lesson: “touch a man in his wallet and he’ll scream.” the ultra-rich are not stupid, they have excellent means of monitoring society: that monitoring is necessary to controlling society! they know they have squeezed us too hard. this past election cannot have escaped their notice.

with john boehner’s humiliation in the house of representative thursday night i’m very interested in seeing how this turns out over the next few months! the ultra-rich are loathe to cede one iota of power or so much as a dime of their –really OUR– wealth…