Wednesday, January 26, 2011

Integrity, Ethics and Honor Part 2

We have to unite, organize and get rid of the Federal Reserve bank, it is a private bank that works against the interests of Americans.  Edward Griffin author of "The Creature from Jekyll Island" said he came to the conclusion that the Federal Reserve needed to be abolished for 7 reasons:
1. The Fed is incapable of accomplishing stated goals.
2. It is a cartel operating against the public interest
3. It is the supreme instrument of usury. (they over charge the banks and us with super high interest rates you know predatory lenders).
4. It generates our most unfair tax thru inflation and bailouts
5 It encourages war
6. It destabilizes the economy
7. It discourages private capital formation.
See we have allowed our people in government to act without any accountability and this is why we are where we are today.  We have to go back to 1944, according to Joan Veon, author of News with Views, she states, "In 1944 the world's finance ministers met in New Hampshire at a hotel named Bretton Woods where they hammered out a new monetary system for the world which would include setting the value of gold at $35 oz. It also established two new global banking institutions, the World Bank-WB and the International Monetary Fund-IMF, both of which would ultimately work to create a global financial and monetary system to facilitate world wide trade through open borders, thus breaking down the financial and economic barriers between nation-states. The organizations and agreements established at that time were dubbed "the Bretton Woods" system. A third institution dealing with world trade was proposed which Congress refused to ratify. It was not until 1994 that a lame duck congress passed the General Agreement on Trade and Tariffs which became the World Trade Organization, thus harmonizing trade between countries. In 1944, gold was the main stabilizer of a country's economic well-being because the amount of gold would keep inflation in check and it also was used to keep trade balances between countries in check. If one country had an outstanding balance of payments as a result of not enough exports to match its imports, that imbalance could be wiped out by transferring gold between the countries at a prize of $35.00 oz. If a country did not have enough gold, then they needed to either increase exports or devalue their currency. This wonderful system did not allow for currency devaluations like what we saw in 1998 during the Asian Crisis and it did not allow for the large build up of trade imbalances like the $100B which the U.S. has with China. Furthermore, according to the Bretton Woods agreements, fluctuations between currencies were confined to a plus or minus 1% band.
When President Roosevelt outlawed personal ownership of gold in 1933, he continued to honor all countries that had in their vaults U.S. gold-backed dollars which were used by countries to stabilize their own currencies, since they were convertible into gold at any time. Not many countries converted their gold-backed dollars into gold because the U.S. was the strongest country in the world. However, it was Charles de Gaulle who saw that the U.S. was spending far more than it had in gold reserves when he demanded $300M be converted to gold in early 1965. While that request was honored, it was not until Britain incurred the largest monthly trade deficit in its history that the Bretton Woods fixed exchange rates broke down. In August 1971, because the IMF would not lend Britain $300B to cover their deficit, they came to the U.S. to ask that their gold-backed dollars be converted. Since their request amounted to one third of the amount the U.S. had in gold reserves, it was determined that we could not honor this request.
Interestingly enough the same Paul Volcker who wants a global currency was part of Nixon's cabinet serving as Undersecretary of the Treasury for Monetary Affairs during this historic time. He also is the same Paul Volcker who recently has been instrumental in converting America's accounting system to a global accounting system and he is the same Paul Volcker who has been working with our government to change its system of personnel management. Nixon took his entire Cabinet to Camp David where they determined the course of world economic history. On August 15, 1971, Nixon announced that had directed Treasury Secretary John Connally to "suspend temporarily the convertibility of the dollar into gold or other reserve assets."  By taking the dollar off the gold standard, Nixon opened Pandora's Box.
 (See our money which was backed by gold is now useless because now it is backed by air).
According to John Whitehead, on Aug, 24, 2007 wrote "According to the National Debt Clock the US national debt is now a 8.9 trillion dollars.
Since September 29th 2006 it has increased an average of $1.45 billion per day. By 2010 the debt is estimated to reach 11.2 trillion.  It is difficult to get o­ne’s head around such a large figure, so think of it this way: if the nation’s debt were divvied up among Americans, every man, woman and child in the United States would owe approximately $38,000 (that o­nly includes the national debt, not any personal debt). Yet the government keeps ratcheting up the national debt, spending money it does not have o­n ill-advised schemes and far-flung wars. Since 2001, the wars in Afghanistan and Iraq have cost the American taxpayer hundreds of billions of dollars. For instance, by May 2007, Congress had approved roughly $610 billion for the three military operations initiated since the 9/11 attacks: Operation Enduring Freedom in Afghanistan and other counter terror operations; Operation Noble Eagle, providing enhanced security at military bases; and Operation Iraqi Freedom. The Congressional Budget Office estimates that total funding for Iraq, Afghanistan and the “Global War o­n Terror” alone could reach $1.45 trillion by 2017. Add to this the fact that billions are spent o­n luxury military installations. For example, the new U.S. Embassy being built in Iraq, dubbed “Fortress Baghdad,” covers 104 acres and boasts a “city within a city” that includes six apartment buildings, a Marine barracks, swimming pool, shops and 15-foot-thick walls. Camp Anaconda in Iraq, like many U.S. military bases scattered across the globe, has been structured to resemble a mini-city with pools, fast food restaurants, miniature golf courses and movie theaters. Thus, it’s clear that American taxpayers’ dollars are not being used wisely or well. For example, earlier this year, it was revealed that although the U.S. had transported nearly $12 billion in shrink-wrapped $100 bills into Iraq, we have no proper accounting of who received it and how it was spent. No accountability. 

 On Thursday, January 13, 2011


The Federal Reserve plans on making changes to the TILA (Truth in Lending Act) laws, where homeowners will find it impossible to sue Banks and prevent Foreclosures!  This is despite the outcry from consumer groups and even the Senate Finance Committee!

I would like to know, WHY the govt. - our elected officials even gave control over the banks and the people and their rights to a NON GOVERNMENT Entity - Which is what the Federal Reserve is!  THE FEDERAL RESERVE IS A PRIVATE BANK - NOT A GOVERNMENT ENTITY OF THE UNITED STATES -This question was asked by Sherrie, which is a very good question. However,
This is another example of no accountability where our money and property are concerned.
This is not a government agency and it is operating illegally. 
 The Government Accounting Office does not have complete access to all aspects of the Federal Reserve System. The Federal Banking Agency Audit Act stipulates the following areas are to be excluded from GAO inspections:

(1) transactions for or with a foreign central bank, government of a foreign country, or non-private international financing organization;

(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations;

(3) transactions made under the direction of the Federal Open Market Committee; or

(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items.

Everything we NEED to know about the Fed is exempt from any audit, including Monetary Policy decisions which effect the lives of hundreds of millions of people.

The Federal Reserve Website is disingenuous when explaining its own structure. For instance, Candidates for the Board of Governors are put on a "recommendations list" by the Fed's Board of Directors. 6 out of 9 of these directors are selected by the Fed itself. This list is then given to the Senate and the President, and THEN he chooses members of the board, so in reality, it is the Fed who chooses who is on the Board of Governors. The Board of Governors is almost always made up of Bank CEO's, or Corporate CEO's, which leaves it wide open to corruption, and the Board provides little or no REAL oversite to the Fed, which was obvious in the Fed bailout of Bear-Stearns with public Tax dollars.  (I do believe China just became a partner in this good ole boy club).
Ethically, the Fed is an institution of corruption and oppression according to a quote from Thomas Jefferson:

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the 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.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.

 Holding power to issue money, which is supposed to be Congress's job. A quote from Dennis Kucinich:

...and it's going to be my take this discussion to Capitol Hill, because Washington needs to understand how we are mired in debt and how we are staying there with the help of this fractional-reserve banking. Washington needs to understand that questions must be raised about why in effect did we give up our control of this asset, this ability to be able to issue money. Why did we give it to the Federal Reserve? We need to look at that again. It's not as though this country should be headed for bankruptcy or our people for destitution. The money's there. We need the will there, to begin to look at America in a new way and look at our potential to create material wealth in a new way.
America did you know this little tid bit?
 On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the United States of America.
"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.
President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper "currency" circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the nearly $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new "money". Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and realm value worth something.
Are you ready to fight back NOW!

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