“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” – Cicero
The Fed is not the problem. Their actions are a symptom. Blaming them is like blaming the IRS for taxes. The real problem is the legislative and regulatory avalanche out of DC that bogs down the economy. The Fed has had to try to outweigh all that stupidity with the few tools it has. Which is why the Fed will never go away. If it was abolished, the ire of the people would fall only on the Congress and President, and politicians sure don’t want that.
That’s not to say the Fed isn’t a problem, but that they are a problem because they have to try to spur the economy and employment while the government is tripping it up. But they have one tool versus the full legislative toolbox the government has. Manufacturing didn’t just start moving overseas because of wages. Environmental laws started increasing the costs of running a manufacturing plant decades ago. Then increased over time toward effective bans in many cases. Can someone open a fabric dyeing facility these days? How about a coal fired electric plant?
All the cheap money in the world can’t keep a coal fired plant open or coal mining jobs if the EPA basically bans the coal plant. And cheap money can’t save jobs that go away because Obamacare raises the cost of full time employees by thousands of dollars a year. But since the Fed only has that tool, they use it hoping that some other jobs pop up elsewhere to replace those jobs.
The federal reserve is a blood sucker on the nation. Only 3% of US money is in cash all the rest is in the form of loans. Loans made out of thin air without a wisp of actual wealth as ‘consideration’ from the bankers. In essence we trade the title to land or a car or our word for monopoly money printed on the spot by bankers and we then sign a contract to pay back all the money plus interest with our labor.
The upshot is the dollar I saved in the 1960s is now worth about three cents in todays money. The bankers have stolen 97% of my wealth. In the case of the leveraged buyouts and corporate raids during the Reagan Admin the accumulated wealth of entire corporations was transfered to the banks and their buddies in return for ‘Monopoly Money’ If those buyouts had to be made with REAL wealth, the raiders accumulated assets, those raids would never have happened at least in the numbers that they did.
Statistics (courtesy of Bridgewater) showed in 1990, before WTO was ratified, Foreign ownership of U.S. assets amounted to 33% of U.S. GDP. By 2002 this had increased to over 70% of U.S. GDP. (wwwDOT)fame.org/HTM/greg%20Pickup%201%2010%2003%20report.htm
I am amazed that the US government, in the midst of the worst financial crises ever, is content for short-selling to drive down the asset prices that the government is trying to support….The bald fact is that the combination of ignorance, negligence, and ideology that permitted the crisis to happen still prevails and is blocking any remedy. Either the people in power in Washington and the financial community are total dimwits or they are manipulating an opportunity to redistribute wealth from taxpayers, equity owners and pension funds to the financial sector. Paul Craig Roberts was Assistant Secretary of the Treasury
(wwwDOT)countercurrents.org/roberts250209.htm
Whether you blame the leveraged buyout feeding frenzies of the 80’s or the World Trade Organization “Free Trade” agreement of the 90’s the result is the same America has been quietly sold off piece by piece. This is a sampling of the industries with over 50% foreign ownership, according to Source Watch (wwwDOT)sourcewatch.org/index.php?title=Foreign_ownership_of_U.S._corporations
* Sound recording industries – 97%
* Commodity contracts dealing and brokerage – 79%
* Motion picture and sound recording industries – 75%
* Metal ore mining – 65%
* Wineries and distilleries – 64%
* Database, directory, Book and other publishers – 63%
* Cement, concrete, lime, and gypsum product – 62%
* Engine, turbine and power transmission equipment – 57%
* Rubber product – 53%
* Nonmetallic mineral product manufacturing – 53%
* Plastics and rubber products manufacturing – 52%
* Other insurance related activities – 51%
* Boiler, tank, and shipping container – 50%
* Glass and glass product – 48%
* Coal mining – 48%
A real eye opener isn’t it. But it gets worse. The Department of Homeland Security says 80% of our ports are operated by Foreigners and they are buying and running US bridges and toll roads. (From a now dead link: (wwwDOT)alabamaeagle.org/issues.asp?action=form&formID=2105&recordID=131006)
The stuff above I found five years ago. More recently a couple of physicists and an economist formally looked at the situation. Glattfelder and his co-authors Stefania Vitali and Stefano Battiston are complex systems theorists. Complexity theory examines interactions between parts, looking for the simple rules that emerge when viewed en masse.
They produced the following papers. The Network of Global Corporate Control
The structure of the control network of transnational corporations affects global market competition and financial stability… We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers.
Commentary on the study. The capitalist network that runs the world – Contains a listing of the top 50 of the 147 superconnected companies, “mainly banks, with disproportionate power over the global economy.” So the article is worth a glance.
A pair of physicists at the Swiss Federal Institute of Technology in Zurich did a physics-based analysis of the world economy as it looked in early 2007. Stefano Battiston and James Glattfelder extracted the information from the tangled yarn that links 24,877 stocks and 106,141 shareholding entities in 48 countries, revealing what they called the “backbone” of each country’s financial market. These backbones represented the owners of 80 percent of a country’s market capital, yet consisted of remarkably few shareholders.
“You start off with these huge national networks that are really big, quite dense,” Glattfelder said. “From that you’re able to … unveil the important structure in this original big network. You then realize most of the network isn’t at all important.”
The most pared-down backbones exist in Anglo-Saxon countries,.. these same countries are considered by economists to have the most widely-held stocks in the world.. But while each American company may link to many owners, Glattfelder and Battiston’s analysis found that the owners varied little from stock to stock, meaning that comparatively…
The Federal Reserve was designed from the get go to extract wealth from the USA and ship it to the European Bankers. That is why Paul Warburg, the author of the 1913 Federal Reserve Act left Germany and relocated to the USA. The Wall Street Crash of 1929 was orchestrated by the Fed and their puppet FDR. In 1933 FDR confiscated the personal gold of all Americans and placed it in Fort Knox where it has never been audited. The reason the bankers resist having Fort Knox audited is because the gold has been sent to Europe.
…The Second World War gave the big bankers who owned the Federal Reserve System a chance to unload on the country billions of dollars printed early in 1930, in the biggest counterfeiting operation in history, all legalized by Roosevelt’s government, of course.
….”The currency in circulation was increased from seven billion dollars in four years to twenty-one and a half billion. We are losing some considerable amounts of gold during the war period. As our exports have gone out, largely on a lend-lease basis, we have taken imports on which we have given dollar balances. These countries are now drawing off these dollar balances in the form of gold….
As Congressman MCFadden so colorfully put it:
“The Prime Minister of England came here for money! He came here to collect cash!
“He came here with Fed Currency and other claims against the Fed which England had bought up in all parts of the world. And he has presented them for redemption in gold.
“Mr. Chairman, I am in favor of compelling the Fed to pay their own debts. I see no reason why the general public should be forced to pay the gambling debts of the International Bankers…..
On April 27, 1932, the Fed outfit sent $750,000 belonging to American bank depositors in gold to Germany. A week later another $300,000 in gold was shipped to Germany. About the middle of May $12,000,000 in gold was shipped to Germany by the Fed. Almost every week there is a shipment of gold to Germany. These shipments are not made for profit on the exchange since the German marks are blow parity with the dollar….
…Franklin D. Roosevelt himself was an international banker of ill repute, having floated large issues of foreign bonds in this country in the 1920s. These bonds defaulted, and our citizens lost millions of dollars, but they still wanted Mr. Roosevelt as President….
When Franklin D. Roosevelt took office as President of the United States, he appointed as Director of the Budget James Paul Warburg, son of Paul Warburg, and Vice President of the International Acceptance Bank and other corporations. Roosevelt appointed as Secretary of the Treasury W.H. Woodin, one of the biggest industrialists in the country…… With such a crew as this, Roosevelt’s promises of radical social changes showed little likelihood of fulfillment. One of the first things he did was to declare a bankers’ moratorium, to help the bankers get their records in order.
Paul Einzig pointed out in 1935 that:
“President Roosevelt was the first to declare himself openly in favor of a monetary policy aiming at a deliberately engineered rise in prices. In a negative sense his policy was successful. Between 1933 and 1935 he succeeded in reducing private indebtedness, but this was done at the cost of increasing public indebtedness.”
In other words, he eased the burden of debts off of the rich onto the poor, since the rich are few and the poor many.
Senator Robert L. Owen, testifying before the House Committee on Banking and Currency in 1938, said:
“I wrote into the bill which was introduced by me in the Senate on June 26, 1913, a provision that the powers of the System should be employed to promote a stable price level, which meant a dollar of stable purchasing, debt-paying power. It was stricken out. The powerful money interests got control of the Federal Reserve Board through Mr. Paul Warburg, Mr. Albert Strauss, and Mr. Adolph C. Miller and they were able to have that secret meeting of May 18, 1920, and bring about a contraction of credit so violent it threw five million people out of employment. In 1920 that Reserve Board deliberately caused the Panic of 1921. The same people, unrestrained in the stock market, expanding credit to a great excess between 1926 and 1929, raised the price of stocks to a fantastic point where they could not possibly earn dividends, and when the people realized this, they tried to get out, resulting in the Crash of October 24, 1929.”
….through the dark years of 1931 and 1932, the Governors of the Federal Reserve Board saw the plight of the American people worsening and did nothing to help them….At any time during those years the Federal Reserve Board could have acted to relieve this situation.
The problem was to get some money back into circulation. So much of the money normally used to pay rent and food bills had been sucked into Wall Street that there was no money to carry on the business of living…
Why did it not do so in 1931 and 1932? The Wall Street bankers were through with Mr. Herbert Hoover, and they wanted Franklin D. Roosevelt to come in on a wave of glory as the saviour of the nation. Therefore, the American people had to starve and suffer until March of 1933, when the White Knight came riding in with his crew of Wall Street bribers and put some money into circulation. That was all there was to it. As soon as Mr. Roosevelt took office, the Federal Reserve began to buy Government securities at the rate of ten million dollars a week for ten weeks, and created a hundred million dollars in new money, which alleviated the critical famine of money and credit, and the factories started hiring people again….
The Second World War gave the big bankers who owned the Federal Reserve System a chance to unload on the country billions of dollars printed early in 1930, in the biggest counterfeiting operation in history, all legalized by Roosevelt’s government, of course.
the most incredible part of the Federal Reserve operation and one which is difficult for anyone to understand. How can any American citizen grasp the concept that there are people in this country who have the power to make an entry in a ledger that the government of the United States now owes them one billion dollars, and to collect the principal and interest on this “loan”?
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” James Madison
What I found interesting in looking at FDR was McFadden’s comments 80 years ago and the comments made in 2011 by Pascal Lamy, two time Director-General of the World Trade Organization.
McFadden
Roosevelt did what the International Bankers ordered him to do!
“Do not deceive yourself, Mr. Chairman, or permit yourself to be deceived by others into the belief that Roosevelt’s dictatorship is in any way intended to benefit the people of the United States: he is preparing to sign on the dotted line! “He is preparing to cancel the war debts by fraud!
“He is preparing to internationalize this Country and to destroy our Constitution itself in order to keep the Fed intact as a money institution for foreigners. “Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Fed. The statement that gold would be taken from its lawful owners if they did not voluntarily surrender it, to private interests, show that there is an anarchist in our Government.
“The statement that it is necessary for the people to give their gold- the only real money- to the banks in order to protect the currency, is a statement of calculated dishonesty!…. http://home.hiwaay.net/~becraft/mcfadden.html
Pascal Lamy
The reality is that, so far, we have largely failed to articulate a clear and compelling vision of why a new global order matters — and where the world should be headed. Half a century ago, those who designed the post-war system — the United Nations, the Bretton Woods system, the General Agreement on Tariffs and Trade (GATT) — were deeply influenced by the shared lessons of history.
All had lived through the chaos of the 1930s — when turning inwards led to economic depression, nationalism and war. All, including the defeated powers, agreed that the road to peace lay with building a new international order — and an approach to international relations that questioned the Westphalian, sacrosanct principle of sovereignty — rooted in freedom, openness, prosperity and interdependence. http://www.theglobalist.com/pascal-lamy-whither-globalization/
So FDR sold out the USA to the internationalists in the 1930s. No wonder McFadden was assassinated to shut him up.
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” – Cicero
the Federal Reserve
The Fed is not the problem. Their actions are a symptom. Blaming them is like blaming the IRS for taxes. The real problem is the legislative and regulatory avalanche out of DC that bogs down the economy. The Fed has had to try to outweigh all that stupidity with the few tools it has. Which is why the Fed will never go away. If it was abolished, the ire of the people would fall only on the Congress and President, and politicians sure don’t want that.
That’s not to say the Fed isn’t a problem, but that they are a problem because they have to try to spur the economy and employment while the government is tripping it up. But they have one tool versus the full legislative toolbox the government has. Manufacturing didn’t just start moving overseas because of wages. Environmental laws started increasing the costs of running a manufacturing plant decades ago. Then increased over time toward effective bans in many cases. Can someone open a fabric dyeing facility these days? How about a coal fired electric plant?
All the cheap money in the world can’t keep a coal fired plant open or coal mining jobs if the EPA basically bans the coal plant. And cheap money can’t save jobs that go away because Obamacare raises the cost of full time employees by thousands of dollars a year. But since the Fed only has that tool, they use it hoping that some other jobs pop up elsewhere to replace those jobs.
It’s not only wages, the EPA, and now Obamacare, another reason is taxes. Doesn’t the US have the highest corporate taxes?
The federal reserve is a blood sucker on the nation. Only 3% of US money is in cash all the rest is in the form of loans. Loans made out of thin air without a wisp of actual wealth as ‘consideration’ from the bankers. In essence we trade the title to land or a car or our word for monopoly money printed on the spot by bankers and we then sign a contract to pay back all the money plus interest with our labor.
The upshot is the dollar I saved in the 1960s is now worth about three cents in todays money. The bankers have stolen 97% of my wealth. In the case of the leveraged buyouts and corporate raids during the Reagan Admin the accumulated wealth of entire corporations was transfered to the banks and their buddies in return for ‘Monopoly Money’ If those buyouts had to be made with REAL wealth, the raiders accumulated assets, those raids would never have happened at least in the numbers that they did.
Whether you blame the leveraged buyout feeding frenzies of the 80’s or the World Trade Organization “Free Trade” agreement of the 90’s the result is the same America has been quietly sold off piece by piece. This is a sampling of the industries with over 50% foreign ownership, according to Source Watch (wwwDOT)sourcewatch.org/index.php?title=Foreign_ownership_of_U.S._corporations
* Sound recording industries – 97%
* Commodity contracts dealing and brokerage – 79%
* Motion picture and sound recording industries – 75%
* Metal ore mining – 65%
* Wineries and distilleries – 64%
* Database, directory, Book and other publishers – 63%
* Cement, concrete, lime, and gypsum product – 62%
* Engine, turbine and power transmission equipment – 57%
* Rubber product – 53%
* Nonmetallic mineral product manufacturing – 53%
* Plastics and rubber products manufacturing – 52%
* Other insurance related activities – 51%
* Boiler, tank, and shipping container – 50%
* Glass and glass product – 48%
* Coal mining – 48%
A real eye opener isn’t it. But it gets worse. The Department of Homeland Security says 80% of our ports are operated by Foreigners and they are buying and running US bridges and toll roads. (From a now dead link: (wwwDOT)alabamaeagle.org/issues.asp?action=form&formID=2105&recordID=131006)
The stuff above I found five years ago. More recently a couple of physicists and an economist formally looked at the situation. Glattfelder and his co-authors Stefania Vitali and Stefano Battiston are complex systems theorists. Complexity theory examines interactions between parts, looking for the simple rules that emerge when viewed en masse.
They produced the following papers.
The Network of Global Corporate Control
Commentary on the study. The capitalist network that runs the world – Contains a listing of the top 50 of the 147 superconnected companies, “mainly banks, with disproportionate power over the global economy.” So the article is worth a glance.
An earlier work by the same physicists.
The Federal Reserve was designed from the get go to extract wealth from the USA and ship it to the European Bankers. That is why Paul Warburg, the author of the 1913 Federal Reserve Act left Germany and relocated to the USA. The Wall Street Crash of 1929 was orchestrated by the Fed and their puppet FDR. In 1933 FDR confiscated the personal gold of all Americans and placed it in Fort Knox where it has never been audited. The reason the bankers resist having Fort Knox audited is because the gold has been sent to Europe.
As Congressman MCFadden so colorfully put it:
And a bit more on just what a nasty piece of work FDR was from CHAPTER THIRTEEN The 1930’s [SECRETS OF THE FEDERAL RESERVE By Eustace Mullins]
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” James Madison
What I found interesting in looking at FDR was McFadden’s comments 80 years ago and the comments made in 2011 by Pascal Lamy, two time Director-General of the World Trade Organization.
McFadden
Pascal Lamy
So FDR sold out the USA to the internationalists in the 1930s. No wonder McFadden was assassinated to shut him up.
That’s a good description of John Key. (For his apartheid in NZ.)
(My Nov 21 2014 2:19 pm comment refers to readanthink90’s Nov 20 2014 10:59 pm quote from Cicero.)
Patriot Act made Obama’s power possible. Of course with the help of the Federal Reserve .
Senator Cruz gives good speeches. This one was clever.
This article on Recision was interesting as a strategy
http://www.americanthinker.com/blog/2014/11/rogers_floats_recission_to_halt_executive_amnesty.html