Operation Twist: FED Ready for QE3 – KURT NIMMO FOR PRISONPLANET.COM

20 09 2011

Daily Forex Fundamentals, written by Danske Bank, says the FOMC will probably get QE3 rolling by the end of the year or early in 2012.

“Following the continued deterioration in economic data, we expect the Fed to take action in the form of a twist in the central bank’s portfolio towards longer maturity government bonds,” the Danish bank writes.

Unless we see significant improvements in economic data over the next couple of months we deem it likely that the Fed will initiate QE3 (buying either more government bonds or mortgages). This could happen either by end 2011 or early next year. We will particularly be looking to employment data, where we need sustainable and significant improvement in the coming months, in order for QE3 to be taken off the table.

The Federal Open Market Committee (FOMC) meets on Wednesday and more information on QE3 is expected at that time.

The main scenario for the Wednesday meeting will be for the Fed to start shifting its portfolio of government bonds towards holding more long-term securities and fewer short-term securities. This extension of the portfolio’s maturity is designed to push down long-term interest rates. We see this as a highly likely outcome of the meeting.

The interest rate currently stands at 0.25% and the Fed may move it down to 0.10%, “in order to increase the banks’ incentive to lend.”

Big banks, however, are not in the business of lending money to Main Street. Since the fall of Glass-Steagall, banks have been in the business of buying and selling complex derivatives and writing credit default swaps. “Fees are good, bonuses come in, and the fed or government will always be there to bail them out if things get hairy,” notes UrbanDigs.com.

Interest rates at or near 0% guarantee capital destruction. “Capital destruction is the main byproduct of monetary inflation, a concept totally foreign to the inflation engineers at the USFed and its satellite central banks,” writes Jim Willie for Financial Sense.

They are agents of magnificent systemic devastation. In the wake of each QE round are discouraged creditors who turn away in disgust. The damage and inflation feeds upon itself in stages of intense wreckage. The motive, need, and desperation for QE3 is being formed here and now, to be announced by late summer probably. Prepare for QE to infinity, endless hyper-inflation, a process that cannot be stopped, as the urgent needs grows. Any attempt to halt the process results in almost immediate total annihilation. So continuation of QE rounds serves to manage the deterioration process and guide the financial structures gradually and orderly into oblivion.

Add to capital destruction mounting inflation. The Fed considers this a good thing. “So now we are beginning to hear murmurings about the possible invigorating effects of ‘just a little inflation.’ Perhaps 4 or 5 percent a year would be just the thing to deal with the overhang of debt and encourage the ‘animal spirits’ of business, or so the argument goes,” writes Paul Volcker, former Fed boss, for the New York Times.

Bernanke and the Fed are moving us toward an inflationary depression. The Federal Reserve was established in 1913 specifically for that reason, as Rep. Charles Lindbergh noted. “The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created,” he warned.

Bernanke admitted the Fed created the Great Depression with its monetary whipsaw weapon. It is now working on the Greatest Depression.

The Federal Reserve is not about saving business and creating jobs. It’s about a slow-motion destruction of the economy that will pave the way toward the bankster nirvana of a global economy that will present humanity with the most effective and insidious mechanism for slavery ever devised.


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Categories : Constitution, Economics/Monetary Policy, Globalism, Personal Liberty, Police State Control, Politics, Ron Paul 2012

U.S. States Hide Billions In Secret Slush Funds by Jim Tucker AFP

31 08 2011

The Minnesota state government shut down in July, closing state parks on a normally busy holiday weekend, because of a $5 billion “budget deficit.” At least 10 states have expanded gambling options for casinos, inviting more mobsters into their streets, again because of “budget deficits,” which they blame on the weak economy. However, it’s not “deficits” but states hiding money that causes this pain. Minnesota’s shutdown threw thousands of state employees out of work. Construction projects stalled. Millions of dollars in state revenues were lost. But Minnesota had $2.9 billion hidden from taxpayers in fiscal 2010, which ended June 30.

Assets exceeded liabilities by $10.9 billion. Another $2.9 billion in “unrestricted net assets” were hidden from public view.

What all states are not saying is they have plenty of bucks salted away, but you aren’t supposed to know that. Each year, all state and local governments prepare a financial report on assets, liabilities, revenues and expenditures called the Comprehensive Annual Financial Report, or CAFR. You read about the budget and how your tax dollars are supposed to be spent in your local newspaper, but you don’t read about money hidden in the CAFR, because America’s controlled media hides these important facts.

CAFRs combine the financial reports of government agencies at all levels. They report all government funds, including those held outside the government treasury. It cites amounts owed the government but not received by the end of the fiscal year. It contains information on real property and other fixed assets and long-term obligations held outside the government treasury.

Walter Burien, a former commodity trader and leading authority on CAFRs, claims that state governments are sitting on more than $600 billion worth of assets. And that’s just the states. When you tally up the holdings of all 85,000 local, state and federal governments, the value of all of the assets comes to about $60 trillion, says Burien.

“Being that the CAFR is the accounting document for every local  government, and with it effectively being blacked out for the last 60 years, this intentional omission of coverage is the biggest conspiracy that has ever taken effect in the United States,” said Burien. It’s “the biggest game in town.”

Alan Greenspan, a Bilderberg luminary, got it right years ago when he testified as chairman of the privately owned and controlled Federal Reserve before a Senate Committee: “I’m of the old fiscal school that you raise revenues for basic government purposes and if you don’t have those purposes you give the money back or you don’t tax it. . . . [P]rivate rates of return are significantly higher than the government rates of return.”

The good news is that, thanks to the Internet, it is becoming increasingly difficult for governments to bury their assets. A quick search on the Internet turned up thousands of websites dedicated to exposing CAFRs.


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Liberty for the Ron Paul Generation

28 08 2011

The stark reality about the Ron Paul revolution is that the power elites could not survive in a society based upon individual liberty. Nevertheless, this statement does not imply that a Paul presidency would guarantee the elimination of the oligarchy.

The faint memory of what a free nation could be, or even what our country once was, could be revived under certain circumstances. Imagine the abolishment of the Federal Reserve and the fractional debt-created money system. Consider a non-interventionist foreign policy that allows for actual national defense and secures the borders. Or, best of all, a limited government culture that is based upon the principle that government exists to serve citizens in their pursuit of freedom. Thomas Jefferson’s soul lives within the Ron Paul generation.

The barons of media exclusion, that spread a confederacy of silence around Ron Paul, are descendants of the same cabal that sent Jefferson to France during the drafting and debating at the Constitutional Convention. These latest cohorts want to continue the same dominance over the spirit of the revolution. This eternal battle is presently waged under an invigorated new awakening. The old game no longer works. Swept away are their lies, because their pseudo propaganda all point to the oz cult behind the curtain, and the destructive reality of their plots are visible for all to see.

No wonder, since he does not play their game, Ron Paul is such a threat to their control. Consider the insight of our long-time friend and courageous advocate of an American First foreign policy, Mark Dankof. He gets to the core reason why the (FCM) Fawning Corporate Media wants to prevent Ron Paul from winning the GOP nomination.

Israel, the Jewish Lobby worldwide, the Central Bankers, and the energy/gas consortiums, are the driving force behind making this war happen. Jay Solomon’s story (WSJ – Senators Press Obama On Iran’s Central Bank) indeed notes that Senator Mark Kirk (R., Illinois) and Senator Charles Schumer (D., New York), are the co-sponsors of the letter, in a “sign of bipartisan support for tougher financial measures against Iran. . . .” What the Wall Street Journal omits, of course, is that Kirk received more Israeli/Jewish PAC money for his initial election to the Senate, than any other candidate in the last election cycle, and that Schumer’s pockets have been lined historically with reams of the same levels of financial largesse for doing the bidding of the Zionist State. We might also draw the legitimate and documentable conclusion that Kirk, Schumer, and their colleagues in both houses of Congress, demonstrate the stranglehold that Israel has on both major political parties, as demonstrated each year by Hugh Galford and Janet McMahon of the Washington Report on Middle East Affairs in Washington. The numbers provided annually by Galford and McMahon provide the quantitative proof of what President Obama told Ha’aretz in his last trip to Israel: that Obama himself could not possibly have been elected to the U. S. Senate in Illinois (the seat now held by Kirk, by the way), or the American Presidency, without the amount of Jewish money and political support that came his way. Presumably, the President is saying something about the larger political system and the way it works systemically. Follow the money trail. And the Bankers. And the number of Israeli assets in the GOP Presidential sweepstakes (the exception is Ron Paul) who have never met a surrogate war they didn’t like, including the one on the drawing board now they will assiduously promote if The Masters should decide that Mr. Obama needs replacing in 2012 for insufficient sycophancy.

 Sadly, many Tea Party conservatives still accept the Neocon foreign policy deception. Ron Paul is a non-interventionist, not an isolationist. Watch the thinking man’s version of a strong leader in the video, Ron Paul Speaks Out: Media Blackout, Economic Freedom, Intellectual Revolution. Go beyond the sound bites and ads, then ask the hard questions.

Once the presidential campaign heats up after Labor Day, the cast of characters will keep shucking out the phony common man populism, while cavorting with the same money interests, corporatists and banksters that select every other nominee. Have you forgotten the Skull and Bones ticket of 2004? Surely, the progressive McCain was no choice over the “bomber” Obama general.

Now the Ron Paul generation understands that liberty and genuine national security is never advanced under the military-industrial-homeland war party. Yet, usually the only candidates you get to vote for out of the duel party wag the dog parade is a kosher toady. The unremitting plans to eradicate Iran, drives the banking internationalists for the same reason that Libya became a bombing range target. No nation is allowed to challenge the money monopoly. Gaddafi’s gold and Ahmadinejad’s economic independence as cited in an IMF report, cannot stand the risk of any unorthodox ruler. How dare the Zionist controlled press make a rare slip up and reveal, “The IMF said it has revised its previous figures on Iran’s economy after a brief visit to the country, expressing admiration for some of the controversial plans introduced by the hardline president.” The entrenched GOP party facilitators want to marginalize Ron Paul as dangerous because he resists tribe orders and refuses to waste another generation of youth in the service of zealots. Liberty demands that our sons and daughters no longer be consumed as cannon fodder. Translate the “ON BEHALF OF A GRATEFUL NATION” sympathy statement to read – The defense department regrets to inform you that your sons are dead because they were stupid.

Now even the disappointed left have figured out that warmonger Barry Soetoro, is no different from George W. Bush. So when will the Republican faithful come to grips, that Bachmann and Cain are IRS and Federal Reserve cronies, respectively? As for Romney, anyone who is willing to champion person status for corporations deserves to file chapter 7 on his own campaign aspirations. New World Order Perry is the puppet of choice. His rhetoric will ring home to many, because he lifts it directly from the Ron Paul journal. However,Rick Perry is the next incarnate plastic doll, which will read the script from the banksters’ ledger sheet, once elected.

When was the last time you heard another Republican presidential candidate utter the words civil liberties? Or name another public figure that actually made his life’s work synonymous with LIBERTY? Only Ron Paul stands the test of performance.

So how can Paul win in the GOP primaries? The New York Times offers a salient chart and states, “On the Republican side, partisan self-identification peaked in the early 1990s – as did the percent of the electorate voting in Republican primaries – before declining.” Decrying the GOP hacks, every liberty Republican patriot needs to organize their universe of friends and acquaintances to get the vote out at the ballot box on primary day. Just a minimum increase and return to the 33% 1990 levels with Ron Paul voters will result is his victory for the nomination. The caveat does require a verifiable monitoring of any enhanced electronic voting count against liberty-minded voters or the sabotage by the party of the delegate certification process.

Presidents are selected well before the general election. Ron Paul will generate significant support and votes from independents. Even disgruntled Democrats will rally in a general election; however, the Republican registered primary voter must resist the perennialNeocon treachery.

The frustration of discussing politics in an era of denial needs to be overcome. Enrolling a Republican voter into the cause of Liberty can be a daunting task. Those who believe that the party of Lincoln champions a proper conservative defense of liberty are wholly confused. Tea Party proponents must reject the GOP establishment and their hijack express. Do not believe the hype. Accurate public Tea Party approval sentiment is not in decline. Simply, the only drink that Rick Perry partakes is an imported Camellia sinensis brew, while he worships another lord in the Bilderberg temple.

Lastly, those critics of Ron Paul’s Austrian economics usually oppose a return to a resurrection of a modified gold standard. Yet if you dig deeper, those same detractors maintain an apologist attitude for keeping a central banking system. Few disparagers view the preservation of liberty on the same scale as their return from compound interest.

The money elite may soon conduct another false flag to scare the uninformed and redirect one more staged diversion. The rush of enthusiasm for retaking our liberty is the essence of the Ron Paul message. The generation that tasted the joy in the establishment’s fear during the 1960s appreciates just how a government can be broken, from conducting an exhausted and immoral war.

Today everyone needs to learn this lesson, apply traditional conservative populist principles, and eliminate the central banking tyranny that is the prime destroyer of our economy. The fascist state that follows orders and reports to this private bank-ruling cartel is the foremost enemy. Is Liberty more important to you or do you think a looser fit of your governance chains is achievable with your continued apathy?


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Categories : Constitution, Economics/Monetary Policy, Personal Liberty, Politics, Ron Paul 2012, States Rights

Government: The Cause of — and Solution to — All Our Problems by Thomas E. Woods

28 08 2011

 

In case you’ve ever wondered what it must have been like to read Pravda, reading the American media’s treatment of the financial crisis and our wise leaders’ expert management of it all has given everyone a wonderful opportunity. For instance, check out this piece from several days ago on Politico.

If you can’t bring yourself to click on the link, I’ll give you the headline: “Obama Would Regulate New ‘Bubbles.’”

Yes, you read that right. “Bubbles” just occur spontaneously. They have no cause or explanation. We need government to identify and destroy them.

Sometimes I wish our overlords would get their stories straight. First, Alan Greenspan — whom the New York Times once described, in its typical toadying, totalitarian fashion, as “the infallible maestro of our financial system” — told us it was impossible to tell if a bubble existed at any given time. Now we have Barack Obama insisting that not only can we detect bubbles, but we can also deflate them with sufficient dispatch to prevent them from causing any serious economic disturbances.

How are we peons to decide between the competing views of our infallible maestro on the one hand and the man who would be FDR on the other?

I shouldn’t be so cynical. It is not for us to question how our overlords intend to distinguish between genuine growth in some industry on the one hand and bubble conditions on the other. Just to be safe they may have to quash all rapid growth wherever it occurs. Perhaps they can cut off credit to an entire sector of the economy, or levy industry-specific taxation. (Anyone who thinks this type of discretion and micromanagement might be exercised with political motivations in mind, or for any purpose other than the common good, is almost surely a good candidate for surveillance in our progressive commonwealth.)

In their quest to free us from economic instability, our betters may find it necessary to institute new rules. It is our job to accept these new rules with docility and thanks. These rules might have to be kind of sweeping, perhaps on the order of nobody may do anything. In liberal times that could perhaps be modified to nobody may do anything without asking permission. True, we could then wind up with a lengthy debate about whether asking permission itself counted as doing something, such that we’d need to ask permission in order to ask permission, in an endless regress. We’d then be back to the original nobody may do anything, which is probably the safest place to be anyway.

Or perhaps our rulers could shut down the electrical grid from time to time. I’d like to see those greedy fat cats inflate a bubble without any electricity!

Now the possibility that the government itself could be the primary culprit in the generation of asset bubbles is of course not merely rejected; the very idea cannot even be entertained. The great progressive institutions of government and central banking the causes rather than the solutions to our problems? Impossible!

Everyone knows Bad Things happen in the economy because of wicked speculators and grasping businessmen. If someone were to ask whether the Federal Reserve’s creation of $8 billion out of thin air every week on average for four solid years might have had a tiny bit to do with the housing bubble, well, we’d have to remind such a cynic that the Fed was created in order to give us macroeconomic stability. Our present crisis was caused by excessive “leverage,” you see — though we won’t bother asking where major economic actors managed to get all this credit in the first place. That might lead people to ask hard questions about the Fed yet again, and as we’ve seen, the Fed is our Wonderful, Stabilizing Friend.

It is true that Anna Schwartz, the famous monetarist (and not an Austrian economist), recently observed that asset bubbles cannot form without loose monetary policy by the central bank to fund them. “If you investigate individually the manias that the market has so dubbed over the years, in every case, it was expansive monetary policy that generated the boom in an asset. The particular asset varied from one boom to another. But the basic underlying propagator was too-easy monetary policy and too-low interest rates that induced ordinary people to say, well, it’s so cheap to acquire whatever is the object of desire in an asset boom, and go ahead and acquire that object. And then of course if monetary policy tightens, the boom collapses.” (Schwartz also rejects former Fed chairman Alan Greenspan’s “attempt to exculpate himself” for the housing bubble.)

Schwartz is here echoing what Austrian economist Ludwig von Mises said decades earlier. A sudden drive for a particular kind of investment will raise the prices of complementary factors of production as well as the interest rate itself. In order for a mania-driven boom to persist, there would have to be an increasing supply of credit in order to fund it, since investments in that sector would grow steadily more costly over time. That could not occur in the absence of credit expansion. The dot-com and housing bubbles can both be explained by artificial credit expansion, say such economists.

If we are to believe these economists, the best way to prevent future asset bubbles would be to stop the Fed from creating so much money out of thin air in the first place. Better still, we should abolish the Fed altogether, since in the view of these economists it is entirely superfluous to a market economy.

Again, though, our trust should be in princes. After all, Austin Goolsbee, an economic adviser to the president, assures us that Obama will be on the lookout for both bubbles and busts. The president, Politico notes, is “prepared to intervene to make sure that kind of red-hot growth doesn’t occur. And he’s willing to do it with added government regulation if needed to prevent any one sector of the economy from getting out of balance — the way the dot-com boom did in the 1990s and the real-estate market did earlier this decade.” See, those things just happened! No cause. They just happened. And government will protect us from them.

Mark Zandi, a former economic adviser to John McCain, adds that “policymakers always intervene in a downturn. So it is necessary for policy makers to take action against bubbles. You’ve got to be symmetrical in your policy.” What we need, says Zandi, is a “systemic regulator” who will decide whether or not bubbles exist and then take appropriate action. (See how much different a McCain administration would have been on the economy?)

Naysayers may point out that the Fed’s own economists denied that a housing bubble existed, and that, as we observed earlier, Greenspan himself believes it’s impossible to detect bubbles at all. But surely one more regulator, a big, giant, super-duper regulator, should be able to get things right.

Some people say the market is the best regulator. After all, the free market doesn’t pump up the money supply and push interest rates down to levels that promote unsustainable bubbles. The free market punishes reckless risk-takers, while it is government that bails them out (and thereby encourages them to take greater risks in the future). It was the Fed, not the free market, from which the “Greenspan put” — the implicit promise to bail out major Wall Street players — emerged. The Financial Times warned that these guarantees were encouraging dangerously risky investments. The free market makes no such guarantees, and thereby cultivates a more cautious class of entrepreneur.

But enough with these naysayers. I for one welcome our new overlords. Every American citizen could stand to learn from that model of filial piety, Britney Spears, who urged, “I think we should just trust our president in every decision he makes and should just support that, you know, and be faithful in what happens.”

Amen.


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War On Terror’s New Targets: Veterans, Tea Partiers, Anti-Fed Activists

26 08 2011

Paul Joseph Watson Infowars.com                                                                                                                                                                     Thursday, August 18, 2011 Two new videos recently released by the Department of Homeland Security add to the mountain of evidence that proves Big Sis has now dispensed with all pretense of the war on terror being focused on Al-Qaeda Muslims, as tools that were designed to catch foreign terrorists are now being targeted against Americans who are opposed to big governmentFar from representing some superficial nod to political correctness, this is in fact a deliberate effort by the feds to characterize predominantly white, middle class, politically engaged Americans as domestic extremists. It’s all part of the agenda to frame dissent against big government as dangerous radicalism. Contrary to claims by the DHS that it does not profile, the bulk of literature and other training tools issued by the federal government over the last decade clearly go to great lengths to demonize informed, middle class, and predominately white Americans as the most likely terrorists, despite the fact that the 126 people who were indictedon terrorist-related charges in the United States over the last two years were all Muslim. In addition to recent rhetoric from the likes of Vice-President Biden that Tea Partiers are akin to “terrorists,” other legitimate grass roots activists such as End the Fed protesters have also been labeled as dangerous extremists by the federal government. In March 2009 it came to light that the End the Fed protests, which took place at banks and regional Federal Reserve branches across the country the previous year on November 22, were being monitored closely by the United States Army Reserve Command, who implied that those protesting against the Fed and the bankster bailout were essentially terrorists. On November 22, 2008, Alex Jones led a rally at the Federal Reserve Bank in Dallas Texas. The Dallas protest is specifically mentioned in the official Army document. Ron Paul’s brother was also in attendance.  The FBI has also gone out of its way to characterize returning veterans from Iraq and Afghanistan as a major domestic terrorist threat. Additionally, Janet Napolitano said she stood by an April 2009 DHS intelligence assessment that listed returning vets as likely domestic terrorists. Just a month later, the New York Times reported on how Boy Scout Explorers were being trained by the DHS to kill “disgruntled Iraq war veterans” in terrorist drills. In March 2009 we broke the story of the infamous MIAC report, leaked to us by two concerned Missouri police officers. The report listed Ron Paul supporters, libertarians, people who display bumper stickers, people who own gold, or even people who fly a U.S. flag and equates them with radical race hate groups and terrorists. Indeed, the MIAC report is just one in a series of similar threat assessment documents released over the last decade that list average American citizens as dangerous extremists and potential terrorists. We have highlighted previous training manuals issued by state and federal government bodies which identify whole swathes of the population as potential terrorists. A Texas Department of Public Safety Criminal Law Enforcement pamphlet gives the public characteristics to identify terrorists that include buying baby formula, beer, wearing Levi jeans, carrying identifying documents like a drivers license and traveling with women or children. A Virginia training manual used to help state employees recognize terrorists lists anti-government and property rights activists as terrorists and includes binoculars, video cameras, paper pads and notebooks in a compendium of terrorist tools. Such training documents are manifesting real-life situations where people are being harassed, assaulted and arrested by law enforcement simply for owning material or discussing topics related to the Constitution and the bill of rights. In May 2008, a student of a large bible college in east Texas was accused by federal agents of committing an “act of terror and espionage” after he gave a talk to a group of Boy Scouts in which he encouraged them to educate themselves about the U.S. constitution. In July 2007, the Kuhns, a North Carolina couple were terrorized by sheriff’s deputy Brian Scarborough, who broke into their house, assaulted them and then arrested the couple for the crime of flying an upside down U.S. flag. The couple were handcuffed, arrested and bundled into a squad car, to the protests of numerous neighbors who demanded to know why the Kuhns were being incarcerated, but were told to leave by police. As is supported by the United States Flag Code as well as a similar incident in 2001, flying the flag upside down is not a mark of disrespect, and in fact is considered by many to be the highest form of patriotism. Despite this fact, the upside down flag is equated in the MIAC report with terrorist paraphernalia. Alex Jones’ 2001 documentary film 9/11: The Road to Tyranny featured footage from a FEMA symposium given to firefighters and other emergency personnel in Kansas City in which it was stated that the founding fathers, Christians and homeschoolers were terrorists and should be treated with the utmost suspicion and brutality in times of national emergency In 2004, Kelly Rushing was charged with making “terroristic threats” after he handed out Alex Jones videos and recordings of a Congressman Ron Paul speech on C-Span to Lyon County, Kentucky officials and Kentucky State Trooper Lewis Dobbs. A jury later ruled in favor of Rushing but he continues to be harassed by authorities and local law enforcement. In August 2008, a Las Vegas couple were stopped by police, detained and searched as cops demanded to know if there was anything illegal inside the vehicle. When the couple asked why they had been stopped, the police officer pointed at “Infowars” and “Ron Paul” bumper stickers on their car. In 2001, housewife Abbey Newman was assaulted and arrested by police at a checkpoint for exercising her 4th amendment rights. Cops looked through literature which included a copy of a pocket constitution and debated whether or not the material was illegal The federal government’s clear intent to profile politically active middle class Americans as likely terrorists is manifestly provable from their own internal and public documents. Only when conservatives become cognizant of the fact that they too are as much of a target in the “war on terror” as Muslims, whether it’s a Republican or a Democrat in the White House, will we have any hope of dismantling the Homeland Security police state. ********************* Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.


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Texas Gov. Rick Perry’s Presidential Campaign Strategy: BE RON PAUL

17 08 2011

Texas Governor Rick Perry has shown his hand immediately. His presidential campaign strategy consists of attempting to steal away Ron Paul supporters while the mainstream media aids him by refusing to even acknowledge Paul exists. Perry entered the presidential race on Friday and was instantly hailed by the corporate controlled media as a “top tier” candidate. Meanwhile, Ron Paul was busy romping home to a historic vote total in the Iowa straw poll, coming second only to a phony tea party wannabe in Michelle Bachmann, who could only beat Paul by buying 4000 votes.

J. Stewart

As Jon Stewart painstakingly points out, the establishment media is manifestly engaged in a concerted effort to completely ignore Paul. Indeed, establishment media talking heads admitted what we’ve been highlighting from the very start – that there is a deliberate policy to sideline and discredit Paul’s campaign. Perry, on the other hand, is certainly not ignoring Paul, if his recent “attack” on Ben Bernanke is anything to go by. Speaking in Iowa yesterday, Perry said, “I’ll take a pass on the Federal Reserve at the moment, to be honest with you. I know that there’s a lot of talk about ‘em and if this guy prints more money between now and the election, I dunno what y’all would do to him in Iowa but we would treat him pretty ugly down in Texas.” Perry said. “Printing more money to play politics at this particular time in American history is almost treacherous, or treasonous, in my opinion,” he added. Though he puts it into words much like an 18th century blacksmith would smash at metal with a hammer, Perry is correct about the Federal Reserve and the current administration’s monetary policy. However, the Texas governor is wholly unqualified to make such damning statements. Under Perry’s governorship, Texas soaked up $22 billion in stimulus money from the federal government’s bailout package. During Perry’s 11 year tenure, Texas has run up a $13.4 billion deficit, which is 31.5% of the 2011 budget. The Lone Star state has the 3rd highest deficit in the entire country behind only California and Illinois.

Dr. Paul

Unlike Congressman Ron Paul, Perry cannot possibly paint himself up as a fiscally responsible candidate. Indeed, recently uncovered records indicate that Perry only managed a D in basic economics in college. Perry’s words once again do not dovetail with his record. Ron Paul, on the other hand sits on the Joint Economic Committee, the House Committee on Financial Services, and is Chairman of the House Financial Services Subcommittee on Domestic Monetary Policy. Paul has held a steadfast position on fiscal responsibility for over thirty years and has a voting record to match. 20 plus years ago, back when Perry was expending all his energy promoting Democratic candidate Al Gore, Ron Paul was warning the country of the Federal Reserve takeover and the inevitable economic crises that would result. Anyone with half a brain can clearly see that Perry, the template of a career politician, a man who has flip flopped not only between issues, but even between the two parties, is not going to bring economic prosperity back to the country. The only candidate who has the will to do so and the record to back it up is Ron Paul. As we continue to point out, there is an ongoing push to drill it into the minds of Republican supporters and voting Americans in general that Ron Paul cannot win. Zeke Miller of Business Insider today perpetuates this fallacy, noting: “Other candidates — particularly U.S. Rep. Michele Bachmann, who won the straw poll, and Texas Gov. Rick Perry — see an opportunity to reach out to Paul supporters as an “electable” candidate with appeal to a broader array of constituencies.” “In Perry’s case, he has adopted Paul’s ardent criticism of the Fed and its chairman Ben Bernanke…” “While it’s unlikely these overtures will attract Paul supporters while the libertarian is still in the race, they will help in the event Perry is still in the running after the early states.”

For the last time, Ron Paul IS an “electable candidate”. The fact that every single one of his opponents is riding his coat tails and stealing his campaign strategy should make this fact blindingly obvious.


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Ron Paul Introduces Bill to Cancel $1.6T in Debt Held by Federal Reserve

14 08 2011

Rep. Ron Paul on Monday introduced legislation that would lower the federal government’s debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve. Paul has argued for the last few weeks that the idea represents a quick way to make the growing fiscal crisis more manageable. Under his bill, H.R. 2768, the $1.6 trillion that the Treasury owes to the Federal Reserve would disappear. The Federal Reserve began buying Treasury bonds in earnest late last year as part of its effort to keep long-term interest rates down. But Paul has argued that Fed purchases of Treasury debt represent a debt that the government owes to itself, and one that also leads to an unwanted and inflationary increase in the money supply.Paul has also said the Fed is allowing the federal government to continue a spending binge it otherwise would not be able to afford, and is forcing the Fed to print money to keep up. Paul has also said the Fed is allowing the federal government to continue a spending binge it otherwise would not be able to afford, and is forcing the Fed to print money to keep up.


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Super Congress: A Financial Death Panel That Will Help The Banks Loot & Rape America

14 08 2011

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon “The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administration. Money will cease to be master and will then become servant of humanity.” – Abraham Lincoln “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.” – Thomas Jefferson  The power of life and death over what’s left of the American economy and the millions of people who depend on Social Security checks now rests in the hands of twelve bought off officials who will make up the new Super Congress. According to NPR, Paul Ryan, Eric Cantor, Harry Reid, and Mitch Mcconnell could be tapped to serve as the top destroyers of America, taking direct orders from the criminal bankers on Wall Street. The Super Congress will use dictatorial powers to bypass constitutional checks and balances and ram through a fascist agenda through the Congress under the flawed premise that they are bringing the fiscal house in order. What is not mentioned is that America’s fiscal house was destroyed when Congress was bullied into handing over trillions of dollars to banks that committed fraud in September 2008. That act of high treason was preceded by another act of high treason seven years earlier, when the Bush administration staged the false flag 9/11 attacks. The attacks were used to justify a manufactured war on terrorism that has channelled trillions of dollars from the American people into a tiny oligarchy that controls the financial-military-industrial complex. But that history is missing in the corporate media. Instead of informing the American people about the robbery and treason that has taken place, news anchors and reporters are spreading lies and disinformation that Social Security is an unfunded liability and needs to be cut in order for America to have a sound economic future.

P. G. Peterson

The Peter G. Peterson Foundation is behind a billion dollar propaganda campaign that is injecting these lies into the media to control the political discourse and help the financial parasites and oligarchs to loot Social Security and Medicare. Back in April 2010, economist Dean Baker exposed Peterson’s trickery and corruption, writing: The media should be jumping on deficit hawks like Peterson, asking him why anyone should take him seriously now when he was so incredibly and disastrously wrong about the economy just a few years ago. Unfortunately, Peterson doesn’t get questions like that; he just gets praise for his willingness to try to take Social Security and Medicare away from retired workers. The problem is that Peterson has billions of dollars. To the national media and other actors in national policy debates, Peterson’s wealth matters much more than whether or not what he is saying makes sense. Who is Pete Peterson and why does he want to kill Social Security? Peterson is a connected insider and a surrogate for the financial parasites that have occupied and looted America since the creation of the private Federal Reserve Bank in 1913. Peterson served as the Chairman of the corrupt Council on Foreign Relations from 1985 to 2007, following the chairmanship of David Rockefeller.

D. Rockefeller

He was also Chairman of the Federal Reserve Bank of New York from 2000 to 2004, the most important of the Federal Reserve banks. Peterson’s aims are the aims of the global private banking cartel that wants to get rid of the social safety net, destroy the American middle class, abolish nation states, and establish a new world authoritarian government that they will control. On May 25, 2010, Jane Hamsher wrote an article that focused on the political foundations that are funded by Peterson to deliver the false message to the American people that the Social Security System is broken. Hamsher said: Many of the efforts Peterson funds focus on teaching young people. The message that social security is in trouble, and will not be there for you when you get old unless it is “fixed,” has been a key tenet of Peterson’s campaign. The 990 indicates that in addition to financing the propaganda film I.O.U.S.A., he spent $1,124,987 on MTV advertising. I’ve been told that this is a very compelling message to young staffers in the White House, who support the concept of cutting benefits in order to “save” Social Security. If Pete Peterson, David Rockefeller, and other criminal financiers have their way, the American people’s pensions will be looted along with America’s national infrastructure as soon as they are privatized and handed over to politically connected banks and corporations. The crooks in the Super Congress will try to sell the massive rip-off to the American people as “fiscal sanity.” Once the riots begin and martial law is declared, the Super Congress will take over and run Washington while the rest of the Congress will be told to go home for their own safety. The media propaganda machine might say something like: “Congressmen and Senators are being threatened with assassination as protests increase in Washington, so for their own safety they have been sent back to their districts with security guards assigned to them. Meanwhile, the Super Congress that was created back in August will stay behind to carry out their congressional duties.” Can you see the bigger picture? It may not be evident now, but in six months or a year from now we will see the real reasons why the Super Congress was created. Can you see the death and destruction that awaits America because of the treason that has been committed against the American people and U.S. Constitution? The reason this new power grab by the Super Congress is so dangerous is because it represents the official end of constitutional government in the United States. Combine the power of the Super Congress with the power of dictatorial executive orders that have been used by Bush and Obama, and what you get is the absolute destruction of freedom, the American Constitution, and the rule of law. The Super overlords in the new imperial Congress and President Obama will force austerity cuts on the American people, just like the paid-off politicians are doing in Greece. America will go through what Greece is going through right now, and what Argentina went through in the beginning of the last decade except it will be ten times worse in America. And who is responsible for the collapse of nations and the destruction of national economies? The traitorous and criminal parasites who control the private Federal Reserve Bank, IMF, WTO, and World Bank. They are not capitalists and representatives of the free-market, they are corporate fascists and oligarchical monopolists. So don’t blame capitalism for America’s destruction. Blame plutocracy. Blame stupidity. Blame media brainwashing. Blame treason.

G. Palast

Investigative journalist Greg Palastcovered the IMF rape of Argentina. On August 12, 2001, Palast wrote in an article called, Who Shot Argentina? The Finger Prints On the Smoking Gun Read ‘I.M.F.’: Next to the still warm corpse of Argentina’s economy, the killer had left a smoking gun with his fingerprints all over it. The murder weapon is called, “Technical Memorandum of Understanding,” dated September 5, 2000. It signed by Pedro Pou, President of the Central Bank of Argentina for transmission to Horst Kohler, Managing Director of the International Monetary Fund. The IMF vultures have gobbled numerous third-world nations in the last few decades and left millions of human beings to rot and die like animals. But America is different. You can not gobble up a nation where the people have more guns than the government. Plus, there is a massive political awakening happening in America. The American people are waking up to the fact that America has been financially and spiritually occupied since 1913 by the same parasitic financial system that was defeated by George Washington, Thomas Jefferson, John Adams, Benjamin Franklin, and the revolutionary American colonists. There was a counter revolution in the late 19th and early 20th century. America, like most other nations, was turned into a colony of a global financial empire that treats nations in the same way that prisons are treated. The people are worked to death and their wealth is stolen from them through an income tax that goes directly to the managers of the global financial cartel who contribute nothing of value to society. The money that global financiers lend to national governments through their private central banks is made out of thin air. And when they stop lending, the economy stops and people die. On May 4, 2010, Palast said on the Alex Jones show that there is an economic crisis and an unemployment crisis because there is no credit in the economy: Obama made a claim that he saved the financial system. No he didn’t. He saved the financiers, and he doesn’t seem to understand there is a difference between financiers who were bailed out and the financial system. Try to get a loan today. Try to get a mortgage today. You can’t. If you’re a small business you can’t borrow money today. It’s impossible. No one will give you money. There is no credit in the system. That’s why we’re on our knees. The financiers at the Federal Reserve who are holding America hostage and destroying the American economy can be classified as financial terrorists and war criminals. They are engaging in economic warfare against the American people. Other nations that are ruled by the IMF and private global central banks are also being financially conquered. “The people of Greece need to stand up to financial terrorism because Greece goes down, Ireland goes down, Portugal goes down, Spain goes down, and they’re going to come to the U.S. And the U.S. is going down by the same financial terrorists,” said financial analyst Max Keiser in June. The time for resistance to the financial occupation of the planet has come. This is our generation’s fight. We must get rid of the IMF, World Bank, WTO, Federal Reserve Bank, and other private central banks that are looting every country they’re in. Public banking is an idea whose time has come. II.

SAME SHIT, DIFFERENT PILE

Check Out These Important Links: IMF and CFR Insider Recruited by Obama White House Peter Schiff on the IMF – ‘They don’t help the countries’ Argentina and the IMF – Michel Chossudovsky on The Corbett Report Alex Jones – Bankrupting Us is The Goal!! Austerity Fascism Is Coming And It Will Be Brutal Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv Greg Palast: “Remove the Bloodsuckers” John Perkins Lecture at the University of Iceland in April 2009 John Perkins: Economic Hitmen – Understanding NWO Mafia Corporatism WarfareKeiser Report – ‘U.S. Going Down Next After Greece’ Gerald Celente: ‘IMF – International Mafia Federation’ Keiser Report: Michael Hudson: IMF Assassins to destroy Greek economy Paul Craig Roberts – Stealing from Social Security to Pay for Wars and Bailouts (MUST SEE!) Catherine Austin Fitts: The Looting Of America Ellen Brown – Restoring Economic Sovereignty: The Push for State-Owned Banks


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Categories : Constitution, Economics/Monetary Policy, Personal Liberty, Politics

Government to Monitor Social Networks For “Extremist Propaganda” by Paul Joeseph Watson

10 08 2011

A new strategy document released by the White House promises to “closely monitor…the Internet and social networking sites” in order to “counter online violent extremist propaganda” as the federal government attempts to embed itself further in local communities under the guise of preventing domestic extremism. The document, Empowering Local Partners to Prevent Violent Extremism in the United States (PDF), focuses on identifying Americans who have supposedly been radicalized or groomed by Al-Qaeda to carry out attacks in the United States. As the L.A. Times notes, the plan involves “federal departments not usually associated with national security,” and is heavily focused around increasing the federal government’s involvement with schools and the “emotional and behavioral development” of young people. The document defines extremist propaganda as that which is used to “feed on grievances” and “assign blame.” The government vows to “aggressively” combat such ideology by “continuing to closely monitor the important role the internet and social networking sites play in advancing violent extremist narratives.” In targeting the Internet and social networking websites for surveillance in the name of fighting domestic terrorism, the White House is continuing in the vein of the previous administration who in 2006 revealed that since 9/11 they had been pursuing a plan to diminish the role of “conspiracy theories” as a primary recruitment tool for terrorists. The document arrives in the same week that the Pentagon also announced it would be hiring individuals to “detect and track popular ideas on social networks”. Indeed, one such examples amidst many where the federal government monitored the Internet to counter “extremist propaganda” was before protests against the Federal Reserve in 2009 that took place across the United States. After the demonstrations were organized on social networks, the Pentagon released a “Force Protection Advisory” about “planned protests at all Federal Reserve Banks and office locations within the United States,” that was sent to Northcom and the FBI. On November 22, 2008, Alex Jones led a rally at the Federal Reserve Bank in Dallas Texas. The Dallas protest is specifically mentioned in the official Army document. Despite the White House document’s claim that, “opposition to government policy is neither illegal nor unpatriotic and does not make someone a violent extremist,” the Department of Homeland Security has gone out of its way to characterize adversaries of big government as potential domestic terrorists. The MIAC Report, admist a deluge of other training documents released by state and federal authorities (or leaked by whistleblowers), equates Ron Paul supporters, libertarians, people who display bumper stickers, people who own gold, or even people who fly a U.S. flag with radical race hate groups and terrorists. The MIAC report specifically describes supporters of presidential candidates Ron Paul, Chuck Baldwin, and Bob Barr as “militia” influenced terrorists and instructs the Missouri police to be on the lookout for supporters displaying bumper stickers and other paraphernalia associated with the Constitutional, Campaign for Liberty, and Libertarian parties. A recent DHS promotional video for its See Something, Say Something campaign also overwhelmingly portrayed white middle class Americans as the most likely terrorists. Bizarely, the vast majority of the people seen reporting them to authorities in the 10 minute clip were from ethnic minorities, a theme echoed in the introduction to the White House document which welcomes the “waves of immigrants” who have flocked to the United States. There seems little doubt that the Obama administration is attempting to marginalize its most fervent critics by characterizing them as potentially violent extremists, to the point where Tea Party lawmakers are now being labeled as terrorists by New York Times writers as well as Vice-President Joe Biden. Indeed, numerous Democratic strategists have subtly invited a domestic terror attack blamed on anti-government extremists that President Obama could exploit to rescue his sinking approval ratings. Following Jared Lee Loughner’s shooting spree in Arizona back in January, Politico called on Obama to seize upon his “Oklahoma City moment,” adding that the attack presented a “critical opportunity” to “re-define the nation’s political debate,” a talking point endlessly repeated for weeks that merely became a euphemism for allowing Democrats to exploit the attack to silence critics of big government.


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Categories : Constitution, Personal Liberty, Police State Control

Total News Blackout – “Main Stream” Media Brainwashing

10 08 2011

Do this experiment and draw your own conclusion. A recent partial audit (thank you, Ron Paul) of the Federal Reserve shows the Fed loaned out $16 trillion to foreign banks and countries over the past three years. http://endoftheamericandream.com/archives/the-looting-of-ame… $16 trillion is probably the largest amount of “money” ever created in a 3-year period and this is the first-ever audit of the Federal Reserve. So how is the mainstream press reporting on this? Let’s find out. First, google: “$16 trillion federal reserve” You will get many pages of relevant hits. As far out as page 35, most of the returns were still relevant, so that’s well over 350 stories. Now for a little Google magic. You may not have known that you can google a subject by website. (Aren’t you glad you read this far?) So let’s do that for ABC, CBS, NBC and FOX to see how THEY covered this topic. The web sites are: ABC abcnews.go.com NBC nbc.com CBS cbsnews.com FOX foxnews.com To google by site, you enter your normal search terms and then add “site: ” So for abcnews.go.com we enter: “$16 trillion federal reserve site:abcnews.go.com” Try it. Here are the other three search strings: $16 trillion federal reserve site:nbc.com $16 trillion federal reserve site:cbsnews.com $16 trillion federal reserve site:foxnews.com How many stories did you find? On all four networks… Not a single story about the $16 trillion created by the Federal Reserve and shipped off to foreign banks and countries. Not ONE! (There is one mention on CBS News – but it’s in a comment from a reader.) Yet there are hundreds of stories about it on the internet (and you can download a copy of the audit report). How much is $16 trillion? If you put together $16 trillion in $100 bills, it would cover a football field to a depth of about 100 feet. It’s more than the entire US National Debt! One of the most important news stories of the year – total news blackout. Now THINK. If they’re filtering your news that hard on a critical story like this, what else are they not telling you? And if you only know what the owners of the lamestream press want you to know, aren’t you being brainwashed?


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Categories : Economics/Monetary Policy, Police State Control

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