I’m not sure they understand...
September 24th, 2008 by Rachel Mills
Why we don’t like the bailout.
It’s not about executive pay, or golden parachutes.
It’s not about keeping families in their homes. Most of us are making timely payments.
It’s not about having “taxpayers” (read - the Federal Government) see a return on their “investment”.
It’s not about oversight.
It’s about forcibly taking money from everyone else, and dumping it on those who have proven themselves to be terrible stewards of it. But more than that, it’s about the Constitution. You just can’t take public funds like this for the benefit of private companies. (Well, you’re not supposed to anyway.) It’s about personal responsibility and the free market. It’s about still having the possibilities of success and failure in our society.
It’s about nothing less than our way of life. In our way of life, if someone doesn’t pay their mortgage, they get foreclosed on. Then housing prices come down to reality and more homes they CAN afford become available. In our way of life, if banks take risks that don’t pan out, they fail, and another bank that is doing a good job buys their assets, hires their employees, and makes profitable use of them. That is how a society thrives, and why bankruptcy and foreclosure need to happen sometimes. Because in the end, the good guys can win.
Yes, we need change, but the change we need is to get rid of the perverse government incentives for banks to make those bad decisions in the first place. But all we hear about is band-aids, symptoms, and bedtime stories about how this will fix everything.
It won’t and it comes down to this: You can save the banks that are failing, or you can save the dollar. But you can’t save both.
Thursday, September 25, 2008
Friday, March 14, 2008
Executive Order #11110
On June 4, 1963 President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve.
This was an attempt to strip the Federal Reserve Bank of its power to loan money to the U.S. government at interest.
Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation.
THE RAMIFICATIONS OF THIS BILL ARE ENOURMOUS.
With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business.
If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes.
This is because the silver certificates are backed by silver, and the Federal Reserve notes are not backed by anything.
Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money.
Excecutive Order 11110 gave the U.S. the ability to create its own money backed by silver.
Just five months later, President Kennedy was assassinated.
No more silver certificates were issued.
Executive Order 11110 has never been repealed by any U.S. President and is STILL valid.
No President since has utilized it. Opting to borrow from the Federal Reserve at interest instead. Since 1963 virtually all of the nearly $6 trillion in debt has been generate, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level.
Louis T. McFadden, Chairman of the House Banking Committee in 1930s remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932 the following statement:
"Mr. Chairman,we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it."
This was an attempt to strip the Federal Reserve Bank of its power to loan money to the U.S. government at interest.
Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury."
This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation.
THE RAMIFICATIONS OF THIS BILL ARE ENOURMOUS.
With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business.
If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes.
This is because the silver certificates are backed by silver, and the Federal Reserve notes are not backed by anything.
Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money.
Excecutive Order 11110 gave the U.S. the ability to create its own money backed by silver.
Just five months later, President Kennedy was assassinated.
No more silver certificates were issued.
Executive Order 11110 has never been repealed by any U.S. President and is STILL valid.
No President since has utilized it. Opting to borrow from the Federal Reserve at interest instead. Since 1963 virtually all of the nearly $6 trillion in debt has been generate, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level.
Louis T. McFadden, Chairman of the House Banking Committee in 1930s remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932 the following statement:
"Mr. Chairman,we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it."
Mortgaging The U.S. Government Through Borrowing.
I recently became informed and started investigating more in-depth into the dealings and purpose of the FEDERAL RESERVE BANK. I've always been curious how our economics and finances worked, and how the U.S. Government keeps track of the trillions of dollars in tax payer money it receives. It's actually quite simple... They Don't. The Federal Reserve Bank handles ANYTHING and EVERYTHING that is finances. If we need money to invade Iraq, they call their favorite, and only banker... The FED. If they need bank doesn't have enough money to lend them, they just print up an extra $Billion Dollars, and POOF! instant funding. The beauty of this program is that that extra Billion dollars that the Federal Reserve just printed up and put into circulation by LENDING it to the U.S. Government, is that the U.S. Government now owes the Federal Reserve Bank that Billion dollars, plus interest. Can you imagine paying interest on a Billion dollars? Neither can our government, but it's done, and more so than you think. Of course it's much more complicated than that, and I've just basically condensed the entire process to make it easy for laypeople, such as myself, to understand what is going. This is nothing new. The process of lending money that isn't secured by real assets, and then profiting from that loan is known as fractional lending. Basically, it boils down to making money without anything to back it. You put in $100 in a bank, and that bank has the power to take that $100, and then lend $300 out to someone else or a group of people. The bank pays you a small interest rate (set by the Federal Reserve), and they keep the rest. They just made a 200% profit on your money, because the law says it's ok. That's right, you try and do it, it's called FRAUD. Banks do it, it's called LENDING. Now, take this same formula and multiply it by Trillions. You can imagine the result.
And the best part of all? The Federal Reserve doesn't have to pay any taxes on any of the income it derives. That's right. Nothing. The Federal Reserve is a privately owned corporation, which is basically 'chartered' to print, manage, and distribute the U.S. Dollar. The Federal Reserve is a Government Bank, and a Banker's Bank. It acts as a clearinghouse for all financial transactions within the U.S.... otherwise known as a MONOPOLY. (I thought these were illegal.) Ok, I do understand the importance of The Fed, and the importance to have a central bank to manage everything. What I don't agree with, is the fact that it answers to no one. It's financial information, profits, operating costs, investors, etc are not revealed. Not even the President, Congress, nor anyone in the Senate can get this information from them. It is an independent entity within the government. Right now, the Federal Reserve pretty much owns the United States. In theory, it can call in it's debts the U.S. has to it, and sell off it's assets. Do you want to know what these assets are??? These loans made to the U.S. Government are secured by our taxes, which is the reason why all Tax debits and credits go through the Federal Reserve Bank. The banks that lend you money to buy your home, are in turn, in debt to the Federal Reserve Bank. But here's the kicker... the Federal Reserve bank has no reserves of it's own. It's entire operation is funded on Fractional Lending. So here's a brief description of how it worked out... Initially a privately owned company, seeking to become THE central bank of the U.S. - so, what they did was they allowed the U.S. Government to buy a 20% stake in it's company - roughly about $100million (or so), and the remaining 80% was privately held (Rothchilds, Rockefellers, JP Morgan, Bank Of Britian, and some others). The U.S. Government put in their fair share of 20%, the bankers then took that 20% and lend it to the remaining 80% of the private shareholders so that they could use that money to put in their share of the remaining 80%. So, they basically lent themselves money that wasn't theirs, and reaped the profits from that loan. This is how the system operates to this day. Once again, FRAUD for you & me (ponzi scheme), FRACTIONAL LENDING to the banks.
After countless months of investigation, I've come across a lot of video's, books, and web sites, that pretty much put everything into perspective. Of course, everyone has their own personal opinions, so I've decided to choose information which has data to back their claims up. Boy, that wasn't too hard. Of course, AS ALWAYS, do your OWN research, and draw up your own conclusions.
In no particular order, here are some videos you should take the time to view...
If you have 3 hours and 35 min to devote, this documentary goes into so much depth, it actually scares me. WELL WORTH THE TIME:
Here's another one...
This is some pretty scare stuff. So be prepared!
And the best part of all? The Federal Reserve doesn't have to pay any taxes on any of the income it derives. That's right. Nothing. The Federal Reserve is a privately owned corporation, which is basically 'chartered' to print, manage, and distribute the U.S. Dollar. The Federal Reserve is a Government Bank, and a Banker's Bank. It acts as a clearinghouse for all financial transactions within the U.S.... otherwise known as a MONOPOLY. (I thought these were illegal.) Ok, I do understand the importance of The Fed, and the importance to have a central bank to manage everything. What I don't agree with, is the fact that it answers to no one. It's financial information, profits, operating costs, investors, etc are not revealed. Not even the President, Congress, nor anyone in the Senate can get this information from them. It is an independent entity within the government. Right now, the Federal Reserve pretty much owns the United States. In theory, it can call in it's debts the U.S. has to it, and sell off it's assets. Do you want to know what these assets are??? These loans made to the U.S. Government are secured by our taxes, which is the reason why all Tax debits and credits go through the Federal Reserve Bank. The banks that lend you money to buy your home, are in turn, in debt to the Federal Reserve Bank. But here's the kicker... the Federal Reserve bank has no reserves of it's own. It's entire operation is funded on Fractional Lending. So here's a brief description of how it worked out... Initially a privately owned company, seeking to become THE central bank of the U.S. - so, what they did was they allowed the U.S. Government to buy a 20% stake in it's company - roughly about $100million (or so), and the remaining 80% was privately held (Rothchilds, Rockefellers, JP Morgan, Bank Of Britian, and some others). The U.S. Government put in their fair share of 20%, the bankers then took that 20% and lend it to the remaining 80% of the private shareholders so that they could use that money to put in their share of the remaining 80%. So, they basically lent themselves money that wasn't theirs, and reaped the profits from that loan. This is how the system operates to this day. Once again, FRAUD for you & me (ponzi scheme), FRACTIONAL LENDING to the banks.
After countless months of investigation, I've come across a lot of video's, books, and web sites, that pretty much put everything into perspective. Of course, everyone has their own personal opinions, so I've decided to choose information which has data to back their claims up. Boy, that wasn't too hard. Of course, AS ALWAYS, do your OWN research, and draw up your own conclusions.
In no particular order, here are some videos you should take the time to view...
If you have 3 hours and 35 min to devote, this documentary goes into so much depth, it actually scares me. WELL WORTH THE TIME:
Here's another one...
This is some pretty scare stuff. So be prepared!
Friday, July 6, 2007
Gotta Keep A Record of all these Food Illnesses, especially in Children.
U.S. Scientists See Spike in Kids' Food Allergies
Medical personnel, from school nurses to chiefs of hospital pediatric departments say near fatal allergic reactions are becoming more common in children. Three Chicago medical institutions reported recently they will collaborate on an extensive study to determine the cause of the increase and will plead for more federal research funding.
"I've been treating children in the field of allergy immunology for 15 years, and in recent years I've really seen the rates of food allergy skyrocket," said Dr Jacqueline Pongracic, head of the allergy department at Children's Memorial Hospital in Chicago. "Where in the past it only represented a small proportion of my practice, now more than half of the children I care for have a food allergy."
Parents continue to discover that their child is allergic to certain foods much the way Kellee Konieczny did about five years ago. About two hours after feeding her 9-month-old son Zachary soy milk in a bottle, he went limp in his father's arms, began vomiting profusely and turned blue. Most soy in this country is now GM.
source: http://www.gmwatch.org/archive2.asp?arcid=6629
Medical personnel, from school nurses to chiefs of hospital pediatric departments say near fatal allergic reactions are becoming more common in children. Three Chicago medical institutions reported recently they will collaborate on an extensive study to determine the cause of the increase and will plead for more federal research funding.
"I've been treating children in the field of allergy immunology for 15 years, and in recent years I've really seen the rates of food allergy skyrocket," said Dr Jacqueline Pongracic, head of the allergy department at Children's Memorial Hospital in Chicago. "Where in the past it only represented a small proportion of my practice, now more than half of the children I care for have a food allergy."
Parents continue to discover that their child is allergic to certain foods much the way Kellee Konieczny did about five years ago. About two hours after feeding her 9-month-old son Zachary soy milk in a bottle, he went limp in his father's arms, began vomiting profusely and turned blue. Most soy in this country is now GM.
source: http://www.gmwatch.org/archive2.asp?arcid=6629
Thursday, July 5, 2007
Bush is at again... Bush -vs- Chavez, round 8?
On June 1, 2002 in a speech at West Point, US President George Bush made an unprecedented assertion that the US has the right to overthrow any government in the world that is seen as a threat to its security.
US Continues Destabilisation Push in Venezuela
In the wake of widely covered opposition protests against the Venezuelan government’s decision not to renew Radio Caracas Televison’s (RCTV) broadcasting licence following its countless violations of the law and its role in the 2002 coup attempt against the democratically elected government, Green Left Weekly’s Sam King spoke with lawyer and writer Eva Golinger in Caracas. Golinger is the author of The Chavez Code and Bush Versus Chavez, which expose US intervention into Venezuela aiming to overthrow Chavez.
READ ARTICLE HERE
NOTE:
The Bush administration does not accept the democratically expressed will of the Venezuelan people. They have clearly chosen President Hugo Chávez and his government in nine free, transparent and internationally observed elections and referenda, during the seven years since he was first elected. President Bush supported the 2002 bloody coup against the government of President Chávez, financed and supported a devastating oil lockout that cost the country $14 billion in export revenues and numerous opposition maneuvers, disturbances and a recall referendum.[7] And they continue to finance the opposition there.[8]
What Venezuela has accomplished in so short a time, is a testament to political will, massive popular participation and the investment of national income in the needs of its people and those of the region.
---
The Bush administration justifies torture and threatens to veto congressional attempts to restrain its use. The Bush administration justifies indefinite detention of American citizens without charges.
US Continues Destabilisation Push in Venezuela
In the wake of widely covered opposition protests against the Venezuelan government’s decision not to renew Radio Caracas Televison’s (RCTV) broadcasting licence following its countless violations of the law and its role in the 2002 coup attempt against the democratically elected government, Green Left Weekly’s Sam King spoke with lawyer and writer Eva Golinger in Caracas. Golinger is the author of The Chavez Code and Bush Versus Chavez, which expose US intervention into Venezuela aiming to overthrow Chavez.
READ ARTICLE HERE
NOTE:
The Bush administration does not accept the democratically expressed will of the Venezuelan people. They have clearly chosen President Hugo Chávez and his government in nine free, transparent and internationally observed elections and referenda, during the seven years since he was first elected. President Bush supported the 2002 bloody coup against the government of President Chávez, financed and supported a devastating oil lockout that cost the country $14 billion in export revenues and numerous opposition maneuvers, disturbances and a recall referendum.[7] And they continue to finance the opposition there.[8]
What Venezuela has accomplished in so short a time, is a testament to political will, massive popular participation and the investment of national income in the needs of its people and those of the region.
---
The Bush administration justifies torture and threatens to veto congressional attempts to restrain its use. The Bush administration justifies indefinite detention of American citizens without charges.
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