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Posts Tagged ‘Federal Reserve’

This is the new Folk Song by Dan Litwin, “Brother Can You Spare a F.R.A.U.D.?” It is a parody from — “Brother, Can You Spare a Dime,” made in 1931 during the Great Depression.  http://www.downsizedc.org/  We’re in a recession but it works.

Whenever we mention the Federal Reserve System and Federal Reserve Notes (otherwise known as The Dollar), we’re talking about a F.R.A.U.D.

F- Federal
R- Reserve
A- Accounting
U- Unit, the…
D- Dollar

As it goes for now, I am happy when I have money and sad when I don’t. Someday though, the nation’s printing presses will run out of paper and ink. China and world nation’s will call us on our debt and the fraud that has been perpetuated upon the American people will become apparent.

Do you think it a coincidence that Timothy Geithner at one point said that eliminating the dollar as the world’s trading basket might be a good idea? That he “quite open” to the suggestion.

“The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.”
http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

The WSJ wrote http://online.wsj.com/article/SB123802521198942455.html , ” The dollar’s status as a reserve currency gives the U.S. enormous advantages, and it should be protected ferociously by our public officials.”

America who defends freedom, liberty and justice for itself and a large portion of the world should tell the UN to shove our dollar right up their a$$.  No more for you.  End,  period, finite, wash our hands of this agency that recognizes Iraq and lets him rant for an hour.    

The American dollar may not be worth what is used to be, but at least for now it is backed by the good faith of the government of the United States of America.  A return to gold might be the answer, but I doubt that there is any left in the vaults of America, besides the Chinese have been buying so much of it that they control the price increase/decrease each time they make a purchase.

We don’t profess to have all the answers, Ron Paul sure has some interesting thoughts.   http://www.ronpaul.com/  and his official site is at http://www.campaignforliberty.com/

His book “End the Fed” is ranked 33rd on Amazon’s list of best sellers so how bad could it be, except for those politician who are afraid of transparency.  The same politicians who can’t account for million of our TARP money.  Find a penny pick it up and and all day you’ll have good luck.  I pick up pennies because they say, “In God We Trust.”

HR 1207, the Federal Reserve Transparency Act of 2009, Audit the Fed-  list of sponsors is getting longer http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

Hat tip to http://bytestyle.tv/content/new-music-video-downsizedc-federal-reserve-fraud who informs us there are three bills, NOT YET RE-introduced by Congressman Ron Paul . . .

* The 15-word “Honest Money Act” would repeal the 41-word legal tender law.  http://www.govtrack.us/congress/bill.xpd?bill=h110-2756

* The 104-word “Free Competition in Currency Act” would repeal the government monopoly over the creation of coins for use as currency.http://www.govtrack.us/congress/bill.xpd?bill=h110-4683

* The 193-word “” would prohibit federal and state taxes on precious metal coins and bullion.http://www.govtrack.us/congress/bill.xpd?bill=h110-2756

I’ve yet to see any bills proposed that suggest America will begin trading in the Amero or Acmetal.  Maybe President Obama doesn’t need a bill at all.  From a debt perspective it is great for the government.  From this American citizen’s perspective, it is one step farther into globalization and the loss of sovereignty of the U.S.A.

If you do nothing, you can’t accomplish anything.  Voter registration ends in most states October 4 for November elections.  Register and vote.

Related post  https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/ and more here

https://ahrcanum.wordpress.com/new-global-currency-amero/ Subscribe now via RSS for the latest from Ahrcanum, where  conspiracy is based on real world events.

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In a parody of the song, The Candy Man Can from Sammy Davis Jr., funny man Tim Hawkins has brilliantly assembled political lyrics in his latest video, The Government Can. http://www.timhawkins.net/

If YouTube gives awards like the Oscar’s or Grammys, this is sure to be nominated by members of  all political parties who are disgruntled with the current spending trends and debts. 

The National Debt Clock is ticking higher to an average of $3.89 billion per day since September 28, 2007. http://www.brillig.com/debt_clock/  and here it it broken down into categories http://www.usdebtclock.org/ including the per citizen debt of $38,000.

Congress will be forced to raise the legal limit on the nation’s debt later this year as the amount the government may borrow from the public, (that’d be us people who actually pay taxes unlike Timothy Geithner our Treasury Secretary) including foreign creditors, is limited by law to $12.1 trillion.  Today’s debt clock is $11 trillion give or take.

The Congressional Budget Office projects President Obama’s policies will require an additional $9 trillion in borrowing over the next decade.http://www.cbo.gov/ftpdocs/102xx/doc10296/06-16-AnalysisPresBudget_forWeb.pdf  has the President’s Budget Proposals for FY 2010. ” 

Under the President’s policies, the deficit in 2009 would total $1.8 trillion and equal 13.0 percent of gross domestic product (GDP), CBO estimates. The deficit in 2009 would be $157 billion higher than what is expected to occur under current law—primarily because of  additional spending for the government’s actions to stabilize financial markets and for ongoing military operations in Iraq and Afghanistan.

Oprah, a huge Obama supporter has a few ideas of her own to help reduce debt saying- “While the market plunges, free-floating anxiety is rising. If exercise and meditation aren’t your thing, here are a few other strategies you may not have considered.” http://www.oprah.com/subtopic/money/debt  Maybe someone from government should simply take a look at suggestion number 4- Stop Spending.

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Just when I think American economists and politicians have the slightest clue about the most basic facts of world affairs, international trade, or the nature of money, I am reminded yet again of the hypocrisy of this financial and social abyss toward which America is heading in the pecking order of the New World Order.

The U.S. government owns the banks and the car industry.  It sets the rules, makes them up as it goes along and has control over the money supply.  It apparently has no oversight as the Fed in May tap danced around the missing  NINE TRILLION DOLLARS that we could sure use about now. 

Say nothing of main stream media whose focus on the deaths of Michael Jackson is a slap in the face. Icon, perhaps but a role model-hardly. What about all the dead soldiers from U.S. Wars and the one’s breathing  in over 130 foreign countries?  No views of them in the nightly news.

No worries though, Congressman Barney Frank (D-MA), Chairman of the Financial Services Committee, introduced legislation decriminalizing marijuana at the federal level again. If passed, the legislation would eliminate criminal penalties for possessing 100 grams or less of marijuana for personal use.  Not to be outdone, San Francisco Assemblyman Tom Ammiano announced the introduction of a bill to tax and regulate marijuana like alcohol in the state of California.  Yippee,  another government owned industry!  Obama just signed a huge tax increase on tobacco, I can only image the tax on a joint.

“The Ammiano legislation would create a regulatory structure for that market similar to that for beer, wine and liquor: it would regulate taxed sales to adults while barring sales to or possession by those under 21. Estimated annual revenue from fees and sales and excise taxes under the proposed regulations runs into the billions of dollars.http://www.drugpolicy.org/news/pressroom/pressrelease/pr022309b.cfm

Maybe the U.S. Government can subsidizes pot growers like it does cotton, corn, soybean and other farming industries with my tax dollars.  Maybe we can trade it on the commodities exchange and all the traders can get a little profit too.  I wonder what currency it will trade-  USD, Amero, Acmetal, Euro…? 

The rest of the world is focusing on a new reserve currency in the New World Order and we focus on legalizing pot and subsidizing farmers in Afghanistan. As of the 111th Congress, Frank is also advocating a 25 percent reduction in the overall Military budget of the United States.

The Huffington Post http://www.huffingtonpost.com/2009/06/27/us-announces-shift-in-afg_n_221826.html says that “The United States has announced a new drug policy for opium-rich Afghanistan, saying it was phasing out funding for eradication programs while significantly increasing its funding for alternate crop and drug interdiction efforts. The War on drugs in the U.S has thousands in prison for drugs with our failing policies here, and we are expected to believe that sending millions there will be a deterrent?  I still have that little island in the desert for sale if anyone is interested.

Last week when leaders of the so-called BRIC nations (Brazil, Russia, India and China) held their first summit.  The BRIC countries comprise 15 per cent of the world economy, 40 per cent of global currency reserves and half the world’s population.  The governments of BRIC and must be laughing like they were smoking marijuana and injecting heroin at America.  Our elected officials focus on legalizing pot rather than be bothered with the cumbersome announcement from Russian President Dmitri Medvedev that the U.S dollar is on notice.

“The artificially maintained unipolar system”, he lectured, is based on “one big centre of consumption, financed by a growing deficit and … one formerly strong reserve currency.” At the root of the global financial crisis, he concluded, is that the US makes too little and spends too much.   “The summit must create the conditions for a fairer world order.” …The BRICs have put the US dollar on notice, and are already finding alternatives as a means of clearing accounts. Medvedev called for the IMF to include the Russian ruble and the Chinese yuan in the basket of currencies used to value its financial products. But that is just for starters. Chinese Central Bank governor Zhou Xiaochuan says the goal is now to create a reserve currency “that is disconnected from individual nations.”sourced at  http://dprogram.net/2009/06/24/a-new-world-is-being-born-one-without-the-us-dollar-greasing-the-wheels-of-commerce/

China, known for it’s Human Rights violations says, “It is a common wish of people of all countries to solve the drug problem as soon as possible and to build this planet into a healthy, civilized, happy and beautiful world.” http://www.china-embassy.org/eng/zt/mzpkz/t36387.htm   “Those convicted of drug-related crimes in China face harsh penalties, in some cases capital punishment. Drug abusers and addicts must undergo rehabilitation at police-run facilities or labor camps. Reformers are attempting to introduce community-based treatment approaches to a system dominated by zero tolerance.”http://www.erowid.org/psychoactives/law/countries/law_china.shtml 

Apparently, the perceptions of a dead American dollar and a dead American soldier can be overcome by getting stoned on government subsidized Marijuana and Opium in The Obama Administration. 

Changes I don’t want to believe in….

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Whew, finally summer has arrived and we survived the horrendous winter weather.  Folks in NJ got a big surprise last week with a huge hailstorm wrecking  havoc http://www.northjersey.com/multimedia/video/48114892.html -again illustrating the disproportion between science and reality. BTW- The House passed the American Clean Energy and Security Act, by a vote of 219-212.

The kids are off school and we are sleeping in a bit and planning for a few summer holidays.  We are  not leaving U.S. Soil- the greatest place on earth, even with all its faults.  Hawaii is out with North Korea threatening a missile attack near Independence Day.  California?  Nah, besides sitting on a major earthquake fault line, is too liberal for me.  MTV has been broadcasting all about Cancun, but we’ve been there and done that and I see no reason to support a government that can not manage to report influenza cases in a timely manner. ” Bahamas, Bermuda, Come on Pretty Mama”…The Beach Boys.  Suggestions welcomed on where to go.

Our holiday is still up for discussion as the economy just sucks and I have been tortured into hearing more about alleged pedophile Michael Jackson than necessary. 

Flipping to the net, I see Ben Bernanke the Fed Chair is feeling a bit challenged over Ron Paul’s Transparency Act that would allow an audit of the Fed.  Oh boo hoo, where did our nine trillion dollars go, why doesn’t anyone know and most importantly, what is there to hide?

Wherever and whenever we go, if we go at all-  like many Americans we go to the bank and take out what I call ‘play money’.  You know, money to play with- to buy the things we don’t really need but really want- like a Summer Vacation- preferably at the unpolluted, jelly fish free beaches.  

What if the banks go on holiday?  I am cognizant of the FDR bank holiday. 1000’s of banks never reopened in a face saving measure.  How many of our banks have no value, burdened by debt and bad mortgages?  How many banks are now owned by the U.S. Government?  How would I get to my safe deposit box if the bank was out of business?  Would it’s meager contents have any value anyways?

The hissy fit regulators are having near seizures over opening their books to public scrutiny, and once again I have to adjust antennae to tune in to exactly what the hell is going on and if bank closures could happen.

A bank holiday would certainly push the dollar’s value lower adding more rational to BRICs plan of adopting other IMF baskets of currencies.  Gold, already at a high premium would most likely increase, especially with the U.S. Mint announcing that there is a shortage of gold to produce certain coins.  The mint will continue to issue Presidential Coins and, “In God We Trust” will appear on the face of the coin starting in 2009. http://www.usmint.gov/mint%5Fprograms/%241coin/ Surely all that glitters is not gold.  I Trust in God, but the Fed, Obama, The World Bank or International Monetary Fund?

A Bank Holiday might just suit the needs of the U.S. economy according to some.  The rumor mill is that U.S Embassies are buying local currency. The Harry Schultz Letter (HSL) seems to reiterate that a Bank Holiday could occur http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future?siteid=rss&rss=1   With a grain of salt I quote its current issue, HSL reports rumors that “Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that ‘something’ is about to happen … within 180 days, but could be 120-150 days.”

One commentator at  put it like this:  If true, the reason is this. Our Embassies all over the world employ millions of local nationals. Day to day operating costs are staggering, from food purchasing to fuel purchasing to utilities to meeting the local payroll. Local currency pays for all those expenses. When the USD crashes, local currencies may not be able to be purchased with USD’s. Even in a slow-mo devaluation, trying to buy enough local currency for day to day operation will be very very expensive. Should the USD become severely devalued or worthless, our Embassies will not be able to operate….http://goldismoney.info/forums/showthread.php?t=379225 Believe you me we have ambassadors everywhere http://www.usembassy.gov/.

President Obama is attempting to federalize the police and Department of Defense across the US with his civilian workforce.  If the shit hits the fan, banks go on holiday by September,civil unrest and Martial Law occurs between the money and the flu, the government will be all ready to take care of us. cough, cough.

I better get a move on somewhere and spend it while my money is still good. Yet, ” Consumer spending rose in May as benefits from the Obama administration’s stimulus plan spurred a jump in American incomes, a sign that efforts to revive the economy are starting to pay off….Stocks and the dollar dropped after China’s central bank again called for a new global currency.  http://www.bloomberg.com/apps/news?pid=20601087&sid=a6xBheN2SW.o  Leave it to Bloomberg to give the credit to Obama and not the hard working folks of America who just want a little vacation.

You may enjoy this related post: https://ahrcanum.wordpress.com/2009/06/26/audit-the-federal-reserve-trillions-missing-america-bankrupt/

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Auditing The Federal Reserve is long overdue.  http://www.federalreserve.gov/oig/oig_bio.htm Elizabeth Coleman as the inspector general of the Federal Reserve of the United States and is supposed to be responsible for preventing and detecting waste, fraud, and abuse, but in a videotaped Congressional testimony, she acknowledged that she can’t account for many trillions of dollars of our taxpayers money. TRILLIONS.   Specifically she says she knows nothing about nine trillion dollars ($9,000,000,000,000) that is claimed to be unaccounted for. 

Congressman Alan Grayson of Florida on May 6th asks about the huge piles of money that the Federal Reserve is responsible for,  saying “I have to tell you honestly, I am shocked to find out that nobody at the Federal Reserve, including the Inspector General, is keeping track of [the unaccounted for trillions].” sourced at http://www.examiner.com/x-6495-US-Intelligence-Examiner~y2009m5d22-Federal-Reserve-Inspector-General-hedges-on-trillions-missing-in-Congressional-hearing

In an effort to find trillions of dollars we turn to The Federal Reserve Transparency Act, “To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1207 .  By my account it must have taken several years to misplace so much money, so any deceit has been going on for years. 

While the the Reserve is owned by its member banks and not by the government, it issues currency and charges interest.  These banks certainly would never want an audit, but the American people do and so does Congressman Ron Paul with over 200 of your elected officials as co-sponsors of the bill.   www.ronpaul.com continues to crash my system so enter at your own risk. 

Is there any money or gold at Fort Knox either? My bet is that there is nothing but gold dust laying in the vaults.  As Proof from The U.S. Mint on June 22, 2009- http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13238&langId=-1&parent_category_rn=10191&top_category=10191:

Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins . Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”

The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.

America is out of gold and money and we are headed up a shit creek.  So what about silver and other metals to make bullets and guns?  Can’t seem to buy that easily either, “It’s no secret, of course, that small-denomination bullion is hard to come by and gun sales are way up, but finding out first-hand that this stuff is unavailable brings home the reality of the situation, which is that the social mood is growing darker. On the surface everything looks normal; no one is protesting in the streets, the trash is getting picked up, and elections are as orderly as ever. But the market is quietly reallocating resources as individuals insure against a systemic breakdown” http://news.goldseek.com/DollarCollapse/1245697526.php

Speaker-Rep. James Traficant, Jr. (Ohio)http://en.wikipedia.org/wiki/James_Traficant warned numerous times of looming catastrophe before being sentenced to prison for being convicted of taking bribes, filing false tax returns, racketeering, and requiring office workers to perform chores at his farm in Ohio and on his houseboat in Washington, D.C..  He is currently serving an eight-year prison term with a projected release date of September 2, 2009http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&LastName=traficant&Middle=&FirstName=james&Race=U&Sex=U&Age=&x=0&y=0  Traficant turned down an offer of early release to a halfway house in Youngstown, Ohio because the prison official there testified against him.  Either way government officials must be so happy to have him tucked away having said: 

“It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.” http://www.apfn.net/DOC-100_bankruptcy.htm

We need to bring accountability to the Federal Reserve now before Obama and anyone else in government spends one more dime.  Have these people been tripping over quarters to pick up pennies for so long to be so ignorant and incompetent or it it just the little old taxpayer who continues to deny we are in a financial meltdown? 

Amazingly, gold was recovered from the rubble of The World Trade Center but  http://factsnotfairies.blogspot.com/2009/06/they-hate-us-for-our-gold.html notes the convenience of it all and explores the theory that something was amiss.

“We are on the verge of a global transformation.  All we [ the CFR ] need is the right major crisis and the nation[s] will accept the New World Order.”  End Quote.  David Rockefeller: Founder and Honorary Chairman, Council of the Americas; Chairman, Americas Society; Founder, Forum of the Americas; Chairman, Emeritus, Council on Foreign Relations [CFR]; Founder and Honorary Chairman, Trilateral Commission [TC]; Chairman, The Bilderbergs.

Loose lipped Joe Biden warned of looming crisis. Between the Public Health Emergency over the Pandemic A/H1N1 Swine Flu, North Korea taking aim at Hawaii, discourse throughout the world, the events of 9-11 and the Federal Reserve misplacing NINE TRILLION dollars, the crisis are indeed adding up.  America sits in the eye of the perfect storm for the change you don’t want to believe in.

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 buick

dodgenitro

The Obama administration is steering the wheels of not only General Motors and Chrysler into bankruptcy, but the FDIC- Federal Insurance Corporation in the new world order.

General Motors Corp. president and Chief Executive Officer Fritz Henderson has scheduled a news conference in New York on Monday, when the Detroit automaker is expected to file Chapter 11 bankruptcy.  Having propped up the failing automaker with billions of our tax dollars already, the government will take somewhere around a 70% ownership role. 

Perhaps the automakers should have been allowed to sink or swim in a free market economy months ago, none-the-less they are sinking now and fast.  So much innovation has come from the auto industry from safety, better fuel management, satellite tracking, etc. GM filed more than 300 patents last year alone and there in lies the money honey. 

Patents are the single most important asset class upon which economic recovery and sustainable prosperity now depend, especially in light of  the collapse of traditional asset-based markets says The Automaker Patent Assets Intelligence Report APA-Intel Report 2009, Comparative Quantitative Analysis Automaker Innovation and US Patent Portfolio Quality is here: http://www.ipfrontline.com/downloads/apa-intel-09.pdf

“Beyond the auto industry, the veracity of statistical patent asset measurement applies equally to every other industry core to our economy: computers, semiconductors, biotech, pharmaceuticals, software, medical devices, and oil and gas, to name a few. ”  writes http://www.cafezine.com/depts/article.asp?id=22652&deptid=8 

Andy Gibbs, Chairman and Chief Executive Officer of PatentCafe, said: “The APA-Intel Report on patents is the first of its kind that provides an in-depth comparison of the quality of patent portfolios owned by Chrysler, Ford, and General Motors, against their largest Japanese and European counterparts. High quality patents provide huge revenue opportunities, and low quality patents increase operational risk.”  The report notes that Green Tech” replacing “EnviroTech” as a more contemporary term has the most to gain, backing Obama’s policy that a greener world will cure all that ails us.  Except maybe Swine Flu.

Reinforcing Obama’s environmental policy and getting her to shut up about CIA memos, Nancy Pelosi was in China spewing that we must all take inventory and that a clean environment should be a basic right.  This, as markets are in the shitter, North Korea is launching missiles and testing nukes, and we are at war in Iran and Afghanistan. “The impact of climate change is a tremendous risk to the security and well-being of our countries.” http://www.huffingtonpost.com/2009/05/28/pelosis-new-tactic-tellin_n_208488.html.  If I vomit on the grass instead of the toilet- does that count as recycling?

The Republican National Committee slammed  Barack and Michelle Obama’s date night  an “RNC Research Piece”: “As President Obama prepares to wing into Manhattan’s theater district on Air Force One to take in a Broadway show, GM is preparing to file bankruptcy and families across America continue to struggle to pay their bills. … Have a great Saturday evening – even if you’re not jetting off somewhere at taxpayer expense. … PUTTING ON A SHOW: Obama’s Wing Into The City For An Evening Out While Another Iconic American Company Prepares For Bankruptcy. http://www.politico.com/news/stories/0509/23122.html

Making a habit of dining out, Obama ate at Five Guys on Friday and while waiting for his order, President Obama appears to have learned of the existence of a Defense Department intelligence arm, the National Geo spacial Intelligence Agency- NGA-an agency employee also at the burger restaurant.  Too bad it wasn’t some one from the FDIC who could have told him that that the fund is is at an all time low of just $13 billion as of march 31st  or 0.27% of $4.8 trillion in insured deposits! </span

While depositors have been seeking a safe haven from the stock market, and banks continue to falter, insured deposits have hit all time highs.  The FDIC is all but insolvent. " http://zerohedge.blogspot.com/2009/03/bailoutspotting-or-search-for-great.html writes “At its heart, the FDIC is an insurer of deposits. It does this not so much with actual cash which would pay off depositors if there were a global run on the bank (which is negligible when compared to the total size of roughly $5 trillion in deposits), but by being a symbol of the U.S. guarantee to protect its depositors.” </span

The inclusion of "In God We Trust" on all currency was required by law in 1955.  The Federal Reserve guarantees those dollars for now, but for how long?  Even the big 3 have warranty programs, but again for how long?  The car I drive has a rosary on it to protect our family while we drive and that invisible trust in my gas guzzling SUV and God remains, but faith in Obama to restore the automotive and the banking industry?  

Novus Ordo Seclorum is shown on a ribbon below the pyramid and translated as "a new order of the ages."  President Obama has been very open about his global agenda and as the world debates rescinding the dollar as the global currency, he is steering us away from national sovereignty and capitalism.

Photo taken on May 29, 2009 shows a 1908 Buick Model 10 in the GM Heritage Center in Sterling Heights, Michigan, the United States Xinhua/Gu Xinrong

A Dodge Nitro vehicle is seen in front of the General Motors Corp world headquarters in downtown in Detroit, May 28, 2009. (Xinhua/Reuters Photo)  {A Dodge in front of GM – there’s your new world order alright!}

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I want more candy in the trick or treat bag this October, a fatter turkey in November and more toys for Christmas.  I like my martini’s shaken, not the economy.  Our US Government elected officials and the US citizens want it all too and are stirring things up so much that my martini is starting to look like a Jim Jones koolaid drink.  Be careful what you ask for, you just might get it. 

Our $700 Billion Dollar Bailout is increasing as fast as Muhammad Ali once said, ” I’m so fast that last night I turned off the light switch in my bedroom and was in bed before the room was dark.”  The lights are certainly dimming on financial markets as the bailout plan looks for ratification.  People looking for proof that we need this will get it in the next 6 months or so when we will again be wondering what the hell happenednd.

Ideology has to be set aside and bi-partisan solutions must be found. Yadda, yadda, yadda.  Is this bailout the right thing and is it the right time?  Had Treasury Secretary Henry Paulson acted on bailing out Lehman Brothers in the first place we might not be seeing this ginormous chain reaction in the financial markets.  Maybe he knew that there was no stopping the spiral downward in the credit markets and figured that a bailout was going to be the only way to restore corrections in the marketplace, and at a speed that would help limit a recession and guide our economy towards growth and justice.  Justice?  Indeed it is unjustifiable, the skirting of laws that were meant to avoid this situation in the first place.  If a tree falls in the woods…does it make any noise?

This F’ed up system has run amok and I am wary to give billions back to the same incompetents that got us here in the first place.  I am also wary not to.  Ben Bernake, The Federal Reserve chairman is not an idiot.  He received a PHD in economics from MIT and thankfully has held his ground on limiting the amount of political persuasion that often permeates our government.  He has studied The Great Depression and the woes of Japan’s banking failures and failure to act in a responsive way.   The main stock index in Japan, nearly 20 years later is still less than one third of its level.  I don’t want to be broke and dead by the time the US Market sees a correction.

Wall Street is asking Main Street to foot the bill on the same kind of pork that got us here. The current bill endorses a not $700 but an $850+ billion bailout plan plus it has another $150 billion in tax breaksfor individuals and businesses.  Add in the $85 billion for AIG last week and we as well round up and call it a ONE TRILLION DOLLAR BAILOUT.  It seems totally dysfunctional to have money in the bill that has tax relief for things like Wooden Arrows,  Motor sports racing track facilities, Investors on Indian Reservations, Renovating restaurants, Rum producers in the Virgin Islands, etc,.    I must be missing something in that this bailout was originally intended to help out with the sub-prime mortgage and credit problems. Over at http://www.humanevents.com/article.php?id=28851 there is a whole list of maddening programs that includes 3.2 Billion for …”the “Secure Rural Schools and Community Self-Determination Program,” over six years and to be used not just for schools but also to “implement stewardship objectives that enhance forest ecosystems,” support programs which “control noxious and exotic weeds” and enhance “soil productivity” or “improve cooperative relationships among the people that use and care for Federal land and the agencies that manage the Federal land.”  Yes siree, that $3.2 billion is certainly going to help get us out of this immediate financial mess.  SHAME, SHAME on you. (and me)

In some great manner of a brain fart, the bailout bill also raises FDIC insurance to $250,000.  The FDIC already covers 250k for retirement accounts anyways.  Seeing as a lot of the little guys on Main Street have actually managed to save and invest, this seems like a no brainer–thanks for throwing us a bone.  Who is to say that the estimated $50 Billion in the FDIC is enough to cover the little man’s losses?  What we have here ladies and gentleman is a giant accounting convention and we the taxpayers are only invited to the after party having footed the bill.  Couldn’t our elected officials just attempt to fix the immediate financial markets and leave the rest of the bullshit blundering pork spending for later.  I am reserching for the funds to continue to pay for the $1000 toilet seats as referred to in the movie, Independence Day.

The next big event is going to be for the Social Security Trust Fund-mark my words, as we have been warned for years that there is more money going out of the system than is coming in.  One does not need to have a doctorate in economy to figure out that those of us in our 40’s are going to get nada, nothing, el zippo.  Oh right- we were all encouraged to invest in the stock market in the first place, to invest for our retirements so we wouldn’t have to rely on the Social Security Trust Fund.   What about the likes of Ameritrade, ETrade, Scotttrade and Forex?  Are these mainstream Internet financial behemouths just as equally liable for this disaster in making it so easy for investors to hit the buy and sell button faster than a fly lands on a camels ass? 

I like my martini shaken, not our economy which is shaken and stirred up to the core.

In times of rapid change, experience could be your worst enemy.
Jean Paul Getty, 12/15/1892 – 06/05/1976
US oil industrialist

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$700 Billion, have we totally lost our minds?  Where is free market correction when you need it most?  $700 billion is something around a third of our federal budget.  The US Dollar Index- USDX currency markets have the dollar value on a spirling downwards tick.  If the fed raises rates the already fragile real estate market could collapse and if it lowers rates the dollar could collapse.  Damned if you do, damned if you don’t.

Oil prices and other goods and services costs have to go up to counteract the decrease in the dollar value-INFLATION.  The US debt is well into the TRILLIONS with us owing China a huge chunk.  China instead of sitting on the dollars when they sell stuff, buys American interest bearing Treasury Bills and Treasury bonds.  Should Congress order the Fed to buy the debt back?  Everyone likes a Sale!  Money on sale, money on sale!  The buy back could be at a discounted rate but then it would further erode the value and increase the debt.  That won’t work and in the real world, sale items can not be returned with out a receipt. 

Oooooopps, –, the Fed isn’t owned  by the American people now is it?  http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm  It is owned by bankers.  

 

  • Lazard Brothers Bank of Paris
  • Israel Moses Sieff Banks of Italy
  • Warburg Bank of Hamburg, Germany and Amsterdam
  • Kuhn Loeb Bank of New York
  • Lehman Brothers Bank of New York
  • Goldman Sachs Bank of New York
  • Chase Manhattan Bank of New York (the Rockafellers)
  • Rothchild’s Bank of London & Berlin

It seems the Fed may have created more problems than it was supposed to prevent. Yikes, the money supply is increasing and the value decreasing.   Let’s print more money!  As for the SEC- jeeze oh weeze Louise, what happened to enforcing the laws on the books?  Could it be that when WTC 7 burned in NYC on 9-11 it took with how investment banks may have operated to split up top shares of initial public offerings when the high tech boom was occurring and other hints of information that might have fortold of this economic panic?  

 “Sovereign nations that cannot meet their financial obligations typically resort to the currency printing press. The inevitable result is debasement of the currency. This is the course the U.S. government and the Federal Reserve have taken. The unfolding bank solvency crisis and the attempts to prevent a systemic collapse have accelerated the debasement of the dollar. Its purchasing power is falling rapidly, and soon foreign investment in the dollar will also begin falling. When substantial foreign investment starts to flee the currency for safety elsewhere, the Federal Reserve will be forced to monetize the U.S. debt instead of selling treasury.” bonds.”  http://dinapharm.com/store/product_info.php?products_id=101 {this link sells survival crap but offered a consise statement }

What it all boils down to is the printing of more and more money with little value.  How to increase the value?  That’s the billion/trillion dollar question.  Hey, remember the idea of the AMERO?  Let’s introduce a new currency to solve some problems.  Ironically, unsubstantiated rumors on the net are “circulating in the Kremlin today states that the US Secretary of the Treasury has informed the China Development Bankthat the US has shipped $800 Billion of a new currency called the Amero, which is to be based upon the merging of the economies of The United States, Mexico and Canada into what is termed as The North American Union.  The current American debt obligation to China, currently based on the US Dollar, is now estimated to be the staggering sum of $2.5 Trillion, and which this new Amero will be exchanged for $400 Billion of this debt as the current American currency is set to be devalued by 50 percent before the end of the year.”  http://www.nworeport.com/ussends.htm   WHAT?  Okay, cite the source, but holy crap batman!

Maybe its all another case of shock and awe and to paraphrase author Naomi Klein, a “Rise of Disaster Capitalism,” providing exciting market opportunities in the wake of our financial crisis.   I’ve been to both countries and live in the US and since the people are all so nice everywhere, we could integrate Canada, USA, and Mexico into a North American Union to compete?  Good as reason as any.  All those troops serving a Brigade Homeland Tour, now on active duty, won’t have to worry about the borders any more.  We’ll be border-less just like the European Union.  We’ll all just be friends and get along splendidly.  The military will have more time to concentrate on countering terrorist threats just like they have participated by interdicting drugs and illegal aliens for decades.  I wonder if the Blackwater guys will mind being paid in the Amero?

Is is a major inconvenience to exchange currency at the border, problem solved with the AMERO!  The Europeans have done it with the EU, and supposidly The African Union Group of Eminent Persons has a plan to introduce a bank of all African currency by 2010, named Gold Mandela.  Why not the USA? 

President Bush has already hinted at this over the years and historically there is key legislation already in place- starting with NAFTA.  Mexican and Canadian trucks zip on thru US soil in the fast track with the Trusted Traveller Program. http://www.dhs.gov/xtrvlsec/crossingborders/  What’s another Executive Order?  Between the Military Commissions Act 2006, and the John Warner Defense Approprates Act 2007, and a list of Civil Disturbance Statues our President may have no problems convincing us that a North American Union is the way to achieve economic stability.  We’re already in a State of Emergency, let alone fighting the War on Poverty, the War on Drugs, the War on Terrorism, the Wars on Whatever.  Will the tax-paying citizens have run out of money and energy to fight a War against a NEU or Amero? 

The things is, that if we abandon monetary nationalism –the almighty dollar, and move towards adapting to regional currencies, we could be going down a path to one world currency and globalization.  Is that bad?  A New World Order, ring a bell?  ding, ding, ding. 

Label it what you wish– from A New World Order, to World Law, Global Democracy, Internationalism, A New Economic Order, Global Free Trade, or the International Monetary System.  Throw in the mix phrases like Global Citizenship, Global Warming, Unity in Diversity, Inter Faith-ism and Solidary and all reflect a big shift in who holds economic power.  It’s like a Star Trek episode, we come from the Federation of Earth.  Things like a $700 billion dollar bail out (or rescue- if you prefer the term) is going to reshape America. 

For the better, I pray.  

I question whether conspiracy is a foot, but damn I sure don’t want the shoe to fit.

Ahrcanum.

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