Advertisements

Tag Archive: Banksters


We’re Gonna Need A Longer Motorcade…

 

 

 

 

 

” The broker America gets, the longer its presidential motorcade gets. If you don’t got it, flaunt it, baby! But President-in-Waiting Hillary Rodham Clinton is already giving out signals that a mere 40-car motorcade may no longer be enough. This week she gave a speech in Saskatoon, which is a town in Saskatchewan, which is a province of Canada. The speech was for the Canadian Imperial Bank of Commerce, which is “under investigation from the United States for helping wealthy Americans offshore money in the bank’s Caribbean accounts to avoid paying federal taxes”. I’m on CIBC’s side on that one: By comparison with other western nations, Americans labor under a regime of ever tighter banking constraints that are a disgrace to a supposedly free people.

  So if she wants to cozy up to foreign banksters (as they say in Britain), you go, girl! Nevertheless:

  Secretary of State Hillary Clinton gave a couple paid speeches in Canada yesterday. She was reportedly accompanied by 65 agents of the United States Secret Service to at least one of the events.

  The agents were presumably on hand to help keep the former first lady safe…

  It’s unclear what part, if any, of the security tab was picked up by Clinton — and what part was paid for by U.S. taxpayers. “

 

Read it all 

 

 

 

 

 

 

 

 

 

 

 

—-

Advertisements

Gap Between Manhattan’s Rich And Poor Is Greatest In U.S., Census Finds

 

 

 

 

” The mean income of the top 5 percent of households in Manhattan soared 9 percent in 2013 over 2012, giving Manhattan the biggest dollar income gap of any county in the country, according to data from the Census Bureau.

  The top 5 percent of households earned $864,394, or 88 times as much as the poorest 20 percent, according to the Census Bureau’s American Community Survey, which is being released Thursday and covers the final year of the Bloomberg administration.

“ The recovery seems to be going to those at the top, much more than those in the middle, while those at the bottom may even be losing ground,” said Andrew A. Beveridge, a sociologist at Queens College of the City University of New York. He attributed the disparity to the surging costs of housing and the lack of housing subsidies and other forms of public assistance available to many needy families.

  The wealthiest New Yorkers are benefiting in part from the rise of the financial industry, including hedge funds and investment banks, which has helped lift the income of the most affluent households to levels reached before the recession. The recession lasted roughly from 2007 to mid-2009.

  For all of New York City, median household income rose to $52,223 from $51,640, still well below the $55,307 recorded in 2008. Among racial and ethnic groups, non-Hispanic whites had the highest median income at $75,145, while Hispanics had the lowest income at $36,196. Household income climbed in every borough except Staten Island.”

    While the rest of the people suffer through this years long “recovery” the cronies of the democratic “party of the people” continue to amass a larger share of the wealth . Here is a breakdown of political contributions in the state of New York by county from Open Secrets . The counties that make up NY City have been highlighted in red .

County Total Dems Repubs Dem % Repub %
Albany $832,453 $383,191 $182,555 65% 31%
Allegany $358,232 $5,150 $321,455 2% 107%
Bronx $924,489 $491,981 $259,147 63% 33%
Broome $239,018 $80,235 $84,933 47% 50%
Cattaraugus $246,716 $99,125 $116,425 43% 51%
Cayuga $29,384 $11,300 $4,200 73% 27%
Chautauqua $65,337 $17,533 $23,540 41% 56%
Chemung $100,828 $25,318 $43,720 34% 59%
Chenango $52,544 $5,675 $15,318 27% 73%
Clinton $88,266 $55,160 $10,443 77% 15%
Columbia $159,884 $49,484 $81,913 33% 55%
Cortland $51,948 $1,230 $41,350 3% 97%
Delaware $16,977 $1,170 $13,040 8% 89%
Dutchess $1,784,367 $802,868 $238,474 76% 23%
Erie $2,181,003 $727,933 $855,811 44% 52%
Essex $46,639 $29,314 $10,792 71% 26%
Franklin $41,397 $35,133 $2,050 93% 5%
Fulton $18,545 $3,300 $7,500 31% 69%
Genesee $53,296 $1,430 $20,125 5% 67%
Greene $33,729 $12,214 $18,825 39% 60%
Hamilton $2,350 $0 $1,100 0% 100%
Herkimer $11,248 $750 $8,840 8% 92%
Jefferson $58,041 $26,620 $24,067 53% 47%
Kings $3,438,912 $2,348,115 $557,592 78% 18%
Lewis $6,207 $300 $3,750 7% 93%
Livingston $35,399 $14,100 $14,800 47% 49%
Madison $552,482 $174,930 $112,349 60% 38%
Monroe $1,337,043 $360,273 $404,245 45% 50%
Montgomery $54,773 $31,706 $4,641 87% 13%
Nassau $9,210,840 $4,908,779 $2,562,665 63% 33%
New York $95,166,048 $32,967,225 $18,250,397 62% 34%
Niagara $137,591 $22,160 $62,208 25% 69%
Oneida $248,758 $26,426 $160,517 14% 86%
Onondaga $954,560 $370,729 $338,036 52% 47%
Ontario $270,380 $105,737 $56,580 61% 33%
Orange $485,413 $158,788 $169,341 48% 51%
Orleans $5,941 $250 $700 26% 74%
Oswego $23,659 $7,715 $9,200 45% 54%
Otsego $80,360 $30,635 $27,936 50% 46%
Putnam $254,789 $161,381 $46,776 78% 22%
Queens $2,017,775 $1,319,483 $214,036 83% 13%
Rensselaer $81,218 $25,599 $16,415 58% 37%
Richmond $646,894 $245,350 $291,433 45% 54%
Rockland $686,287 $289,070 $248,210 54% 46%
Saratoga $591,700 $119,103 $289,534 28% 69%
Schenectady $172,619 $32,170 $74,433 30% 68%
Schoharie $22,100 $4,375 $9,825 30% 68%
Schuyler $17,857 $5,894 $6,860 44% 52%
Seneca $23,275 $18,075 $3,050 86% 14%
St Lawrence $70,106 $18,754 $8,039 70% 30%
Steuben $268,910 $75,518 $121,175 32% 52%
Suffolk $7,121,374 $1,765,721 $1,313,877 56% 42%
Sullivan $93,515 $35,399 $48,207 42% 57%
Tioga $31,489 $10,860 $4,550 70% 30%
Tompkins $761,230 $622,917 $39,181 92% 6%
Ulster $307,856 $207,806 $61,191 77% 23%
Warren $102,985 $25,107 $55,520 30% 67%
Washington $32,751 $11,360 $8,480 51% 38%
Wayne $45,227 $12,067 $13,150 48% 52%
Westchester $13,844,798 $6,196,725 $3,578,224 61% 35%
Wyoming $11,063 $750 $3,180 19% 81%
Yates $19,500 $5,600 $10,992 32% 62%
” These figures show county-by-county breakdowns of all contributions of $200 or more to federal candidates, parties, PACs, and outside spending organizations (including super PACs). The party breakdown shows how much went to Democratic and Republican candidates, parties and “leadership PACs.” Where party percentages don’t add up to 100 percent, the rest went to outside spending organizations, third parties or independents. The overall total also includes contributions to corporate, labor and ideological PACs that are not affiliated with either party. Totals are based on contribution data from the Federal Election Commission released electronically on August 19, 2014.

  Feel free to distribute or cite this material, but please credit the Center for Responsive Politics. For permission to reprint for commercial uses, such as textbooks, contact the Center.”

   Is it any wonder why Obama considers Manhattan his own personal piggy bank ? Remember that the last time a Republican won the electoral votes of New York was in 1984 .

NY Times

Martin Armstrong Warns Civil Unrest Is Rising Everywhere: “This Won’t End Pretty”

 

 

 

 

 

” The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.

  The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings.

 

 

For those who think the beginning was rough , just wait for the conclusion , It will be worse , much worse …

 

 

The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.

  This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.”

 

Zero Hedge

 

 

 

 

 

 

 

 

Rand Paul Plans Filibuster Of Fed Chair Nominee Janet Yellen Until “Audit The Fed” Bill Gets A Vote

 

 

 

” Janet Yellen likes printing money…lots of it! This self-professed Keynesian economist is slated to become Obama’s next chair of the Federal Reserve, but Rand Paul isn’t going to allow her confirmation to breeze through the Senate without a fight.  Reports from Capitol Hill indicate that Paul is planning to hold up her nomination until he can get a vote on a bill to audit the Federal Reserve.

from New York Post:

Republican Senator Rand Paul plans to put a “hold” on the nomination of Janet Yellen to be chair of the Federal Reserve, CNBC reported on Friday, a move that would force supporters to round up 60 votes in the 100 seat Senate to confirm her.

CNBC, citing a source close to the Kentucky lawmaker, said Paul was insisting on a vote on a bill he has sponsored to open up the U.S. central bank’s monetary policy decisions to congressional audit.”

 

 

 

 

 

 

AUDIT THE FED NOW !!!

 

 

 

 

 

 

 

 

11 Reasons Why The Federal Reserve Should Be Abolished

 


” If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.  The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years. 

The Fed creates our “booms” and our “busts”, and they have done an absolutely miserable job of managing our economy.  But why do we need a bunch of unelected private bankers to manage our economy and print our money for us in the first place?  Wouldn’t our economy function much more efficiently if we allowed the free market to set interest rates?  And according to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. 

So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.  We just need to get people educated.

The following are 11 reasons why the Federal Reserve should be abolished…

 

 

#2 The Federal Reserve Is Systematically Destroying The Value Of The U.S. Dollar

 

The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created in 1913.

If you do not believe this, just check out the inflation chart in this article.

The Federal Reserve systematically penalizes those that try to save their money.  Inflation is a tax, and the value of each one of our dollars goes down a little bit more every single day.

But over time, it really adds up.  In fact, the value of the U.S. dollar has fallen by 83 percent since 1970.

Anyone that goes to the grocery store on a regular basis knows how painful inflation can be.  The following is a list that shows how prices for many of the things that we buy on a regular basis absolutely skyrocketed between 2002 and 2012

Eggs: 73%

Coffee: 90%

Peanut Butter: 40%

Milk: 26%

A Loaf Of White Bread: 39%

Spaghetti And Macaroni: 44%

Orange Juice: 46%

Red Delicious Apples: 43%

Beer: 25%

Wine: 60%

Electricity: 42%

Margarine: 143%

Tomatoes: 22%

Turkey: 56%

Ground Beef: 61%

Chocolate Chip Cookies: 39%

Gasoline: 158%

Even the price of water has absolutely soared in recent years.  According to USA Today, water bills have actually tripled over the past 12 years in some areas of the country.

So how can the Federal Reserve get away with claiming that we are in a “low inflation” environment?

Well, what Ben Bernanke never tells you is that the way that the government calculates inflation has changed more than 20 times since 1978.

The truth is that the real rate of inflation is somewhere between five and ten percent right now, but you will never hear about this on the mainstream news.” 

 

 

Read them all

 

 

 

 

 

 

 

The Assault On Gold: The Fed’s Attempt To “Scare People Away” From Gold And Silver

 

 

 

” For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices. 

The Federal Reserve is creating $1 trillion new dollars per year, but the world is moving away from the use of the dollar for international payments and, thus, as reserve currency. The result is an increase in supply and a decrease in demand. This means a falling exchange value of the dollar, domestic inflation from rising import prices, and a rising interest rate and collapsing bond, stock and real estate markets.

The Federal Reserve’s orchestration against bullion cannot ultimately succeed. It is designed to gain time for the Federal Reserve to be able to continue financing the federal budget deficit by printing money and also to keep interest rates low and debt prices high in order to support the banks’ balance sheets.

When the Federal Reserve can no longer print due to dollar decline which printing would make worse, US bank deposits and pensions could be grabbed in order to finance the federal budget deficit for couple of more years.  Anything to stave off the final catastrophe.

The manipulation of the bullion market is illegal, but as government is doing it the law will not be enforced.

By its obvious and concerted attack on gold and silver, the US government could not give any better warning that trouble is approaching. The values of the dollar and of  financial assets denominated in dollars are in doubt.

Those who believe in government and those who believe in deregulation will be proved equally wrong. The United States of America is past its zenith.  As I predicted early in the 21st century, in 20 years the US will be a third world country. We are halfway there.”

 

 

 

 

 

 

 

Resolving Too-Big-To-Fail Banks In The US

 

 

” The issue of size became important in 1984, when the government bailed out Continental Illinois National Bank & Trust (“Continental”), the seventh largest bank at the time. This bailout occurred because of concerns about systemic risk due to the bank’s size. The FDIC infused $1 billion in new capital into the Continental Illinois Corporation, the bank’s holding company, in exchange for preferred stock convertible to 80 percent of the equity. These funds were then downstreamed to Continental as equity capital to recapitalize the bank. When the government bailed out Continental, Stewart B. McKinney, a Connecticut congressman, declared that the government had created a new class of banks, those too big to fail (TBTF).2 Ever since this bailout, there has been a belief that certain banks or bank holding companies are TBTF, which we call the “TBTF problem.”

This belief that some banks are TBTF was behind the regulatory response to the financial crisis of 2007–2009, when the government bailed out the biggest banks in the country. Many individuals consider the biggest banks to have largely caused the crisis, and this belief has focused far greater attention on the TBTF problem. Indeed, the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) of July 2010 created a new federal receivership process pursuant to which the FDIC may serve as the receiver for big banks whose failure poses a significant risk to the financial stability of the United States. The FDIC’s new authority is intended to eliminate the TBTF problem once and for all.

This paper looks at the historical treatment of troubled banks by the FDIC. It examines how the FDIC resolves troubled banks and the sources of funds available to it in the event resolutions are costly. This examination focuses on the treatment of big versus small troubled banks to assess the importance of the TBTF issue. Given the enormous costs involved in bailing out the biggest banks during the recent financial crisis, we discuss the FDIC’s new receivership process to handle troubled big banks. We then assess whether this process will indeed eliminate the problem of large bank failures.”

 

 

 

 

History of Federal Reserve & JFK’s Executive Order 11110 Pt 1.

History of Federal Reserve & JFK’s Executive Order 11110 Pt 2.

Cyprus Bail-Out: Savers Will Be Raided To Save Euro In Future Crises, Says Eurozone Chief

 

 

 

” Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.

The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.”

 

 

 

The Real Hockey Stick Chart: Inflation Since the Birth of the Nation

 

“This is what happens when the dollar is backed by “the full faith and credit of the United States” and not the barbarous relic. Nixon abandons gold in 1971 and inflation launches skyward. It’s hard to believe that for most of the history of the United States inflation was next to 0%.

That the rate of crony capitalism has launched into the stratosphere at a commensurate rate with inflation is no coincidence. Fiat money is the mother’s milk of crony capitalism.”

 

InflationChart

 

 

 

 

Step One In Getting Our Country Back

Support Rep. Broun’s New Audit the Fed Bill!

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.”

Lord Acton

“… we conclude that the [Federal] Reserve Banks are not federal … but are independent privately owned and locally controlled corporations… without day to day direction from the federal government.”

9th Circuit Court

 

Enough with a totally unaccountable cabal of banksters running this country into the ground and manipulating our government and economy for it’s own private gain . 

 

” Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”

John Adams

” On the very first day of the 113th Congress, Georgia Congressman Paul Broun introduced legislation for a complete audit of the Federal Reserve System. This legislation will bring transparency to the central bank’s covert operations. After passing the House of Representatives in 2012 with bipartisan support, the original Audit the Fed bill was dead-on-arrival in the Senate thanks to Harry Reid and the rest of the establishment. They chose to stand with secret bailouts for the world’s most profitable companies, foreign banks, and even foreign governments instead of the people. ”

 

 

“The system of banking [is] a blot left in all our Constitutions, which, if not covered, will end in their destruction… I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity… is but swindling futurity on a large scale.”

Thomas Jefferson

 

 

This exactly what the founders warned against when they spoke of the evils of national banks .

 

 

” The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”

Andrew Jackson