Archive of Federal Reserve & Bankers Archives | Page 2 of 14 | Truth is Treason

SEC Dropping Lehman Brothers Case: Ends Probe Without Finding Fraud

Posted on May 29, 2012 in Economic News, Federal Reserve & Bankers

Kevin Hayden –


After more than three years of investigating the largest corporate bankruptcy in U.S. history, the Securities and Exchange Commission is reportedly dropping the case against Lehman Brothers.

“The staff has concluded its investigation and determined that charges will likely not be recommended,” reads an internal SEC memo, obtained by Bloomberg.

Hayden’s Note:

Gee, go figure.  Former bankers investigating bankers.  When I was a child, we called this a merry-go-round.

If true, this is ‘a travesty of a mockery of a sham of a mockery of a travesty of two mockeries of a sham,’ to quote Woody Allen’s Bananas.

In 2010, the court appointed examiner for Lehman’s bankruptcy concluded Lehman executives used “materially misleading” accounting gimmicks in the months prior to its September 2008 bankruptcy.

Specifically, Lehman “reverse engineered the firm’s net leverage ratio for public consumption” to the tune of $50 billion, according to Valukas. This refers to the now infamous accounting practice called a Repo 105, whereby Lehman offloaded some of its most toxic assets at the end of the quarter in order to temporarily reduced the leverage it disclosed in quarterly filings....

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Hayden’s Headlines: Gas Cans, JP Morgan, US Dollar, and the Solar Killshot

Posted on May 22, 2012 in Blog, Editorials, & Thoughts

US Lets China Bypass Wall Street Primary Dealers for Treasury Orders

Posted on May 22, 2012 in Economic News, Federal Reserve & Bankers

Kevin Hayden –

Source: Reuters via Cryptogon

China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters.

The relationship means the People’s Bank of China buys U.S. debt using a different method than any other central bank in the world.

Hayden’s Note:

Gee, big surprise.

The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. Those dealers then bid on their behalf at Treasury auctions.

China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn’t been necessary.

The documents viewed by Reuters show the U.S. Treasury Department has given the People’s Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011.

China can now participate in auctions without placing bids through primary dealers....

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Wall Street Battles Furiously to Stabilize Facebook’s IPO

Posted on May 19, 2012 in Federal Reserve & Bankers, Social Networking

Kevin Hayden –

Source: Wall Street Journal via Cryptogon

Facebook Inc. took eight years to stage one of the most anticipated initial public offerings ever. The anticlimax came Friday, as Wall Street bankers struggled to prevent the newly minted stock from ending its first day with a loss.

Hayden’s Note:

Who would have thought when I started this blog that an article would land in both the Social Networking AND Federal Reserve & Bankers categories?

The stock had been widely predicted to soar on its first day. Instead, up until the closing moments of the trading session, Facebook’s underwriters battled to keep the stock from slipping below its offering price of $38 a share. Such a stumble would have been a significant embarrassment, particularly for a prominent new issue like Facebook, the most heavily traded IPO of all time.

In the end, the bankers succeeded. When trading on Nasdaq ended at 4 p.m., the social network’s stock was up just a hair, 0.6%, at $38.23.

Facebook was also hurt by investors’ high expectations of a healthy first-day pop in the price, according to people familiar with the matter....

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HB 157 Signed into Law: Utah to Accept Gold & Silver Bullion as Currency

Posted on Apr 22, 2012 in Economic News, Federal Reserve & Bankers, Political Issues

Kevin Hayden –

Source: CivSource

Utah is now accepting gold and silver as legal tender for transactions and to settle debts according to a bill recently signed into law by Governor Gary R. Herbert. Several other states have proposed similar measures in the wake of the monetary policies of the Federal Reserve and the decreasing value of paper money.

Utah’s law is notable because it is the first such bill to pass. Over 150 years ago, Congress passed the Legal Tender Act, which authorized the use of paper notes to pay bills, and while paper money still retains the value noted, interest rates governing bonds and other savings or investment vehicles are at historic lows and are expected to remain at those lows through at least 2014.

Gold and silver bullion however, are at historically high values and observers expect those values to remain high for some time. House Bill 157 will allow for gold and silver bullion to be used for transactions based on the weight of the amount of metal presented. That is a key distinction because it expands out the use of gold and silver beyond face value on limited runs of precious metal coins offered through the US Treasury....

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Deficit Spending is (Hidden) Profit for the Federal Reserve

Posted on Mar 25, 2012 in Economic News, Federal Reserve & Bankers

Kevin Hayden –

Source: Olde RebTruth Contributor

Much has been written of the New World Order, the CFR, the Illuminati, the Trilateralists, the Bilderbergs, etc. If such organized bodies exist for a specific objective, as Carroll Quigley would have us believe, a profuse amount of money, such as via a printing press, would definitely be a useful tool to promote their agenda. Does such access to easy money exist, perhaps even hidden right in front of us? Let us reflect on the Federal Reserve and analyze their operation.

When the government wishes to spend money it does not have, it utilizes deficit spending. That means they “borrow” from the Federal Reserve. In practice, a Treasury security is given the Fed and the Fed makes a book entry in an account of the government for the amount of the security. Voila !!! The legislators spend the book entry money and builds roads and bridges, buys military products and funds military projects in their home state, returns a few pennies on the dollar to their constituents for social programs, and all their constituents applaud when their congress critters occasionally go home to press the flesh....

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Americans Will Need Black Markets to Survive

Posted on Mar 19, 2012 in Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers, Urban Gardening, Farming & Homesteading

Kevin Hayden –

Source: Media Roots and Alt-Market

As Americans come to grips with a severe financial hangover, the American economy will adapt to meet the peoples’ needs.  After 30 years of easy credit, subprime mortgages, zero interest loans and binge spending, the economy has imploded.  The wizards of Wall Street continue casting spells and weaving their magic, as the mainstream media rattles on about the wizards’ omnipotence like an rickety player piano.

Meanwhile, back in the world of reality, some Americans are beginning to realize the necessity of more contemporary ways of doing business.  As decreasing wages, increasing taxes, stifling regulations and a mortally wounded economy, are forcing people to do business a different way.  If current conditions continue, “black markets” will emerge, giving local economies an IV to keep them stable.

The global Black Market has already surpassed $1 trillion in sales.  The United States alone already accounts for more than $600 billion, almost three times the nearest competitor- China.  Americans, seeing that the economy for the “99%” still isn’t healthy, are doing an end around to oppressive, financial restraints imposed by the government and Wall Street. ...

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Ron Paul: ‘The Federal Reserve is Stealing Money,’ Slams Ben Bernanke During House Questioning

Posted on Mar 01, 2012 in Federal Reserve & Bankers, Political Issues

Kevin Hayden –

Source: in part, Steve Watson

Texas Congressman and Presidential Candidate Ron Paul questioned Ben Bernanke, the Chairman of the Federal Reserve, on Capitol Hill yesterday.

Dr. Paul pulled out a silver eagle, explaining that it has retained its real worth and that hard assets should be used as currency as outlined in the Constitution.

Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons. “That’s preservation of value,” said Paul.

Begin watching at the 0:58 mark for the action.

Paul called for a competing currency to the dollar, stating that the laws should be changed to allow precious metals to settle contract disputes and other legal obligations.

Bernanke addressed Paul by jokingly saying “good to see you again, Congressman”, before somewhat derisively saying he would be happy to consider the Congressman’s ideas and help him work out what currencies to hold.

Paul hit back by saying the government goes after those who attempt to use gold and silver as alternatives to depreciating Federal Reserve notes as if they are criminals, telling Bernanke “the record of what you’ve done is destroy the currency,”...

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Italian Police Seize $6 Trillion of Fake US Treasury Bonds Thumbnail

Italian Police Seize $6 Trillion of Fake US Treasury Bonds

Posted on Feb 17, 2012 in Economic News, Federal Reserve & Bankers

Kevin Hayden –

Source: MSNBC

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other financial crimes.

Hayden’s Note:

Stop for a minute and just think about what $6 trillion worth of Treasury bonds could do to our Dollar.  And if this was recently “caught,” think about how many forged Treasury Bonds have gone unnoticed?  How long has this been going on?  Who’s directing them?  If these were dumped onto the market, even in a slow, steady trickle, it would kill the US Dollar in short order. 

Hayden’s Note II:

I am doing a lot more research into this tonight and will be providing an update tomorrow on this topic.  This is a deep, deep rabbit hole.  These bonds might have been genuine.

The operation, co-ordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian and Swiss authorities after a year-long investigation, an Italian police source said.

The fake securities, more than a third of U.S....

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John Williams of Shadow Stats: “This is End of the World Type Stuff”

Posted on Feb 14, 2012 in Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers

Kevin Hayden –

Source: Future Money Trends

John Williams of Shadow Stats says, “This is end of the world type stuff.”  He recommends stocking up on barter items and getting out of the US dollar. I’ve been saying this same thing for two and a half years. Read some of my other articles regarding investing in tangibles!


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Hayden’s Headlines – Militia Extremists, 400 Chernobyls, EMP, FEMA, and the Fed

Posted on Feb 07, 2012 in Alphabet Agencies & Operations, Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers, Global & National News, Health, Food News, & Big Pharma
TruthisTreason.TV – Alternative Currencies & the Liberty Dollar Thumbnail

TruthisTreason.TV – Alternative Currencies & the Liberty Dollar

Posted on Feb 04, 2012 in Constitutional & Liberty Issues, Economic News, Federal Reserve & Bankers

Kevin Hayden –

Source: Truth is Treason.TV

We explore some of the benefits of alternative currencies and bartering, with a focus on the Liberty Dollar.

I’m currently on a work assignment in Texas, so I made this short video in my hotel room. You’ll have to pardon the voice-overs and backdrop....

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Obama Appoints Carlyle Group Member to Federal Reserve Board Thumbnail

Obama Appoints Carlyle Group Member to Federal Reserve Board

Posted on Dec 27, 2011 in Federal Reserve & Bankers

Kevin Hayden –

Source: Activist Post – Hayden’s Note at end

While on vacation in Hawaii (again?), Obama tapped Jerome Powell to serve on the Federal Reserve Board of Governors.

Powel served as the undersecretary for finance under President George H. W. Bush and was a partner of The Carlyle Group.  The Carlyle Group is a massive private equity firm and one of the largest defense contractors in the world.

They’re made up of some of the most influential policymakers over the last five administrations including both Bush presidents, former Secretary of State James Baker III, former Secretary of Defense Frank Carlucci, former Clinton Chief of Staff Mack McLarty, and former SEC Chairman Arthur Levitt to name a few.

Hayden’s Note:

Frank Carlucci, former Sec. of Defense, was also on the Board of Directors for Westinghouse and CBS, where he controlled a massive source of media, nuclear power plants, electric companies, and can sway public opinion.  Now he’s a top dog at the Federal Reserve.  Wonderful.  Here’s a brief rundown of CBS, from my article, Breakdown of Where Your News Comes From:


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Bartering, Inflation, and Growing a Garden Thumbnail

Bartering, Inflation, and Growing a Garden

Posted on Dec 08, 2011 in Emergency Preparedness & Survival, Featured Articles, Urban Gardening, Farming & Homesteading

Kevin Hayden –

Originally published Feb 14, 2011

Thanks to “just in time” inventory practices, America has an average of just three days of food on its grocery shelves. Inventories are kept extremely well managed and tight thanks to the amazing efficiency of modern day transportation and manufacturing systems.  Depending on your age, you might remember when grocery stores had excess stock and inventory in the “back room.”  Those days are long gone.  If the “just in time” trucks stop rolling for any reason, your local grocery store will be empty within days and that’s even in good times!

If a disaster were to strike – natural or manmade – you could expect those shelves to be bare within hours.  The recent blizzards and snowstorms blanketing the United States are a perfect example of why it pays to be prepared.  When you watch the news and the weatherman says a life-threatening cold front is coming your direction with 15″ of snow, or a hurricane is forming, do you:

  • a) rush to the grocery store to make sure you have enough beer, hotdogs and Doritos?

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Our 29 Banking Overlords, Otherwise Known as the Too Big to Fails Thumbnail

Our 29 Banking Overlords, Otherwise Known as the Too Big to Fails

Posted on Nov 21, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden –

Source: Economic Policy Journal by Robert Wenzel

Here they are – the Financial Stability Board has released a list of 29 banks that it considers global systemically important financial institutions (G-SIFISs) and thus, considered Too Big To Fail.

The initial list of G-SIFIS:

Belgium: Dexia
China: Bank of China
France: Banque Populaire, BNP Paribas, Crédit Agricole, Société Générale
Germany: Commerzbank, Deutsche Bank
Italy: Unicredit
Japan: Mitsubishi, Mizuho, Sumitomo Mitsui
Netherlands: ING
Spain: Santander
Sweden: Nordea
Switzerland: Credit Suisse, UBS
UK: Barclays, HSBC, Lloyds, Royal Bank of Scotland
US: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, State Street, Wells Fargo

Hayden’s Note:

It should be pointed out that most of the US “Too Big to Fails” are the major share holders of the Federal Reserve system and the foreign banks are the very ones that Ben Bernanke sent hundreds of billions of dollars to in the last major “bailout.”  The very bailout in which he refused to answer Congressional questions in regards to which foreign banks received American taxpayer money (but was later discovered in the partial audit co-sponsored by Ron Paul)....

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