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Financial Terrorism, Ron Paul & the Glitch in the Market

Posted on May 07, 2010 in Featured Articles

Source: American Everyman

The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day.

I mean this really sounds like market manipulation to me. This is outrageous.

The “HOPE” of getting real banking reform under this administration is dead. Dead on arrival. What is left is the “Chris Dodd Big Banking Giveaway Plan” which is to banking “reform” what Obamacare was to “healthcare reform”. 

Last night the Brown/Kaufman amendment was shot down by a vote of 61-33. The amendment would have broken up the largest 6 banks and then set limits on the size these institutions could become so their failure could not threaten the entire system. Thus… “too big too fail” would have been a thing of the past. 27 senate democrats voted with the large majority of republicans to kill the amendment and for the most part, the 30 who voted for the bill were either coming up on an election cycle this year, or they switched their votes after seeing the bill was going to fail....

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Goldman Sachs, Obama, the Federal Reserve, Al Gore & a Communist Revolutionary Group

Posted on May 03, 2010 in Economic News

Source: Various + Original

The constant Goldman Sachs charade on television has got me thinking…
Here are a few things for YOU to ponder…

William C. Dudley, President of the Federal Reserve Bank of New York; was a partner and managing director at Goldman
Gary Gensler, Chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman
Mark Patterson, Chief of Staff to Tim Geithner; former Goldman lobbyist
Philip Murphy; nominated for ambassador to Germany; former Goldman executive
Diana Farrell; Deputy Director of the National Economic Council; formerly with Goldman
Emil Michael; White House fellow; former investment banker with Goldman

This is an obvious collusion between Barrack Obama, George Soros, Al Gore, Goldman Sachs, Franklin Raines (the super crooked Fannie Mae head), CCX,  Generation Investment Management (co-founded by Al Gore), Timothy Geithner (or his “Chief of Staff” handler telling him what to do), Barney Frank, Ben Bernanke and many more.

Let’s take a closer look at the players involved and see why –

Chicago Climate Exchange (CCX)

CCX is North America’s only voluntary, legally binding greenhouse gas reduction and trading system for emission sources and offset projects. ...

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Decline in Bank Lending: Business Investment in America is Almost at a Standstill

Posted on Apr 21, 2010 in Economic News

Source: Global Research

by Bob Chapman

One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. If the Fed had not purchased $1.7 trillion of this toxic junk many banks would currently be in bankruptcy. Thus, there still are trillions in these bad loans on the books of many financial institutions and they cannot be sold and they are clogging up the system, and there is no end in sight for the problem.

At the same time there is no effort to reduce federal debt, because if government does so it will absorb more funds needed for investment and to fund newly occurring debt. This reduces money supply and further crowds out business investment. This is truly being in a box with no way out. The Fed has been accommodating via monetization and will have to continue to do so, but the result of that is inflation and perhaps hyperinflation....

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Oklahoma Tea Party Has Officially Been Hijacked

Posted on Apr 15, 2010 in Blog, Editorials, & Thoughts, Constitutional & Liberty Issues, Featured Articles

Kevin Hayden

TruthisTreason.net

April 14th & 15th, 2010

The ever-present Oklahoma wind created a waving sea of Gadsden Flags across the Capital lawn during the most recent Oklahoma Tea Party event on April 14th and 15th.  I attended both with a high anticipation of hearing speakers talking about the Federal Reserve and our nation’s impending debt explosion, the Income Tax and Ron Paul’s “Audit the Fed” bill.  I expected  the Oath Keepers to be present and offer a great speech like they did during the September, 2009 Tea Party.  I looked forward to talking with like-minded folks about ending America’s aggressive foreign policy, strengthening the failed economy and maybe even share new information surrounding the 9/11 and OKC Bombing investigations.  Most of all, I had hoped that over the last 6 or 7 months, the Tea Party would have grown in size and fervor.

I was sadly disappointed.

The first event, scheduled for the afternoon and evening of April 14th was hosted by the OKC Tea Party and a local radio host, Mark Shannon (KTOK 1000 AM).  I’ve listened to Mark’s broadcast a few times and while he makes a lot of great points, he leans a bit too far to the right for my tastes. ...

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Bernanke Warns Soaring US Debt Needs to be Addressed Soon

Posted on Apr 07, 2010 in Economic News

Source: Wall Street Journal

Hayden’s Note:

….Well, no $#!&, Bernanke.  Are you just NOW figuring out that the United States should be worried about it’s soaring debt?  Do you not realize that you and your banker buddies are a major cause of that? 

It’s amazing to me that some people actually buy into this sick, twisted propaganda!

Federal Reserve Chairman Ben Bernanke said Wednesday that huge U.S. budget deficits threaten the nation’s long-term economic health and should be addressed soon.

Obama administration officials have argued that the economy, while improving, is still too weak to bear all the new taxes and spending cuts that would come with an aggressive deficit-reduction campaign. In remarks to the Dallas Chamber of Commerce Wednesday, Mr. Bernanke agreed, but said merely articulating a plan for reducing the deficit in the long run would help the economy now.

“The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare,” Mr. Bernanke said....

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Proof that Regulators Knew of and Allowed Debt-Hiding Accounting Tricks Like Lehman’s Repo 105

Posted on Apr 05, 2010 in Economic News

Source: Washington’s Blog

Hayden’s Note:

Sadly, this article does not surprise or startle me in the slightest.  Not one bit.  To me, this is all common knowledge.  I read this and think to myself, “Well….duh!”  I’m glad to see it printed in more publicized places and being talked about.  Eventually, I foresee many, many people going to jail.  Granted, these people will be the low-level regulators and the scapegoats.  Geithner and Bernanke will never see the inside of a jail cell, unfortunately.

Regulators like the Fed and SEC have said they didn’t know about Lehman’s use of Repo 105s to hide its mountain of debt.

But in a must-read New York Times Op-Ed, law school professors Susan P. Koniak, George M. Cohen, David A. Dana, and Thomas Ross point out:

Our bank regulators were not, as they would like us to believe, outside the disco, deaf and blind to the revelry going on within. They were bouncing to the same beat. In 2006, the agencies jointly published something called the “Interagency Statement on Sound Practices Concerning Elevated Risk Complex Structured Finance Activities.” It became official policy the following year.

...

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$700 Billion Bailouts Each Year

Posted on Apr 03, 2010 in Featured Articles

Source: Liberty Revival

 By Keith Gardner

Outraged about bailing out the international banking cartel for $700 billion? We do it every year. It is called the national debt. Interest on the current national debt ceiling is $700B/year. To put that in perspective, we only have $800-900B in cash and coin in circulation and only have a few trillion deposited in bank accounts. The interest on the national debt goes to U.S. Treasury Bond holders. These are held by a lot of successful Americans, effectively lowering their tax rate since they’re paying taxes to themselves. However, a majority of the bonds are held by the international banking cartel, the Chinese, and other nations.

The national debt is an outrage. We should end the Federal Reserve, end fractional reserve lending and have the U.S. government print debt-free money to replace the fractional reserves with real reserves as private debt is paid. The U.S. government can use the debt-free money to pay off the national debt and issue significant tax refunds in the thousands to every citizen. We can do this without causing inflation if we end the Federal Reserve and fractional reserve lending.

...

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Banks Could Be Biggest Winners in Obama’s New Foreclosure Plan

Posted on Apr 01, 2010 in Economic News

Source: Alternet – Amy Goodman

via BlackListed News

AMY GOODMAN: The Obama administration has announced changes to its signature foreclosure prevention program, Making Home Affordable. The initial foreclosure relief program unveiled a year ago was supposed to help up to four million struggling homeowners. So far fewer than 200,000 borrowers have been granted permanent loan modifications. Meanwhile, a record 2.8 million properties with mortgages received foreclosure notices last year, this according to RealtyTrac.

The steps announced Friday would broaden the program to include people who’ve lost jobs, encourage lenders to reduce the principal balances on problem mortgages, and help refinance borrowers who are “underwater,” or owe more than their homes are worth. But will these changes help stem the tide of foreclosures?

In a statement this weekend, economist Dean Baker said the plan was well-intentioned, but the winners are likely once again to be the banks. Baker is the co-director of the Center for Economic and Policy Research and the author of a number of books, his latest called False Profits: Recovering from the Bubble Economy.

He joins us now from Washington, DC, and then we’ll go to Tavis Smiley in Burbank, California, to talk about President Obama’s trip to Afghanistan....

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US Treasury to Begin Selling Citi Shares

Posted on Mar 30, 2010 in Economic News

Source: CNS News

 

The Treasury Department said Monday it will begin selling the stake it owns in Citigroup Inc., which could result in a profit to the government of more than $8 billion.
 
The government received 7.7 billion shares of Citigroup in exchange for $25 billion it gave the bank during the 2008 credit crisis. It said it will sell the shares over the course of this year, depending on market conditions.
 
Like any investor, the government will likely hold on to its shares if prices fall steeply. However, Citi shares have steadily been rising with the broader market in recent months, which means the Treasury Department stands to pocket a hefty profit.
 
The government has been trying to unravel the investments in made in banks under the $700 billion Troubled Asset Relief Program, or TARP, that came in at the height of the financial crisis.
 
Citi, one of the hardest hit banks during the credit crisis and recession, received a total of $45 billion in bailout money, more than any other financial institution. Of the $45 billion, $25 billion was converted to the government’s ownership stake in the bank....

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Federal Reserve Must Disclose Bank Bailout Records

Posted on Mar 22, 2010 in Economic News

Source: Bloomberg

Federal Reserve Chairman Ben S. Bernanke said any mechanism to dismantle firms deemed too big to fail must avoid disruptions to the financial system while imposing costs on shareholders and creditors, not taxpayers.

“Market participants must be convinced that if one of these firms is unable to meet its obligations, its shareholders, creditors and counterparties will not be protected from losses by government action,” he said two days ago in a speech in Orlando, Florida. “We need an alternative for resolving failing firms that is neither a disorderly bankruptcy nor a bailout.”

Congress is considering a resolution mechanism for large, complex firms as part of the most sweeping overhaul of the financial regulatory system since the Great Depression. The changes are intended to prevent a repeat of the crisis that prompted bailouts such as the $182.3 billion rescue of insurer American International Group Inc., in which the Fed took part.

“If, in the end, funds must be injected to resolve a systemically critical institution safely, the ultimate cost must not fall on taxpayers or small financial institutions, but on those institutions that are the source of the too-big-to-fail problem,” Bernanke said in his speech to the Independent Community Bankers of America....

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Pondering Our Collapse While Watching Others Fall Thumbnail

Pondering Our Collapse While Watching Others Fall

Posted on Mar 11, 2010 in Economic News, Featured Articles

Source: Bob Chapman
The International Forecaster

 

Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX.

Most observers discuss Europe’s problems and the plight of the euro, pound, and the Danish and Swedish koronas. They believe these European currencies will plunge lower versus the dollar and that the dollar will maintain, even after a dollar rally from 74 to 81 on the USDX. As we have said before the euro was unnatural creation born of a desire to usher in a world currency. As we shall see in the future the euro will fail. In spite of that the dollar is certainly no bargain, because next year America will be totally bankrupt. As a result of the terrible conditions among currencies, gold makes great gains. Last year and so far this year gold is up 10% to 24% against many major currencies. This kind of action of course proves again that gold is the world’s strongest currency....

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America’s Impending Master Class Dictatorship

Posted on Mar 09, 2010 in Economic News

Source: Kitco

FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Never having touched a gold coin is the monetary equivalent to never having breathed fresh air, felt the warmth of sunshine, looked up at the stars or risen from the gutter. Fiat Federal Reserve Notes are becoming nothing more than sewage decomposing in the vast, toxic septic tank of predatory Washington politics, epic Federal Reserve arrogance and error, blatant Wall Street fraud and outright Master Class plunder. Below, we outline America’s troubling and compounding predicament, and urge you to think about how to protect yourself from its consequences, both financially and personally....

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Bernanke Faces Sharp Criticism at Confirmation Hearing Thumbnail

Bernanke Faces Sharp Criticism at Confirmation Hearing

Posted on Dec 04, 2009 in Featured Articles, Federal Reserve & Bankers

Source: CNN Money

Hayden’s Note:

I know it’s a lengthy story – but at least read Bunning’s comments to Bernanke towards the end.  Burned!

300_200fedreserve

NEW YORK (CNNMoney.com) — Federal Reserve Chairman Ben Bernanke got a rough going over from both his supporters and detractors at his Senate confirmation hearing Thursday.

Even some of those who praised his actions during the financial troubles of the last two years, such as Senate Banking Committee Chairman Chris Dodd, balanced that support with arguments that the central bank should be stripped of some of its bank regulation powers due to its past failures of oversight.

While many Democrats on the banking panel joined Dodd in saying they would vote for another four-year term for Bernanke, some of the Republicans questioned whether they could support the chairman who was first appointed by President George W. Bush.

One long-time Bernanke critic Jim Bunning, R-Ky., said he was ready to do everything he could to block or delay the confirmation, joining a similar threat made late Wednesday by Sen. Bernie Sanders, the Socialist senator from Vermont who is among the 60 members of the Democratic caucus....

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