Lindsey Williams - Actionable Intelligence
6 years ago
"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders." – The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930sThe Federal Reserve (or Fed) has assumed sweeping new powers in the last year. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world’s largest insurance company. The Fed announced on September 16 that it was giving an $85 billion loan to American International Group (AIG) for a nearly 80% stake in the mega-insurer. The Associated Press called it a "government takeover," but this was no ordinary nationalization. Unlike the U.S. Treasury, which took over Fannie Mae and Freddie Mac the week before, the Fed is not a government-owned agency. Also unprecedented was the way the deal was funded. The Associated Press reported:
"The Treasury Department, for the first time in its history, said it would begin selling bonds for the Federal Reserve in an effort to help the central bank deal with its unprecedented borrowing needs."2This is extraordinary. Why is the Treasury issuing U.S. government bonds (or debt) to fund the Fed, which is itself supposedly "the lender of last resort" created to fund the banks and the federal government? Yahoo Finance reported on September 17:
"The Treasury is setting up a temporary financing program at the Fed’s request. The program will auction Treasury bills to raise cash for the Fed’s use. The initiative aims to help the Fed manage its balance sheet following its efforts to enhance its liquidity facilities over the previous few quarters."Normally, the Fed swaps green pieces of paper called Federal Reserve Notes for pink pieces of paper called U.S. bonds (the federal government’s I.O.U.s), in order to provide Congress with the dollars it cannot raise through taxes. Now, it seems, the government is issuing bonds, not for its own use, but for the use of the Fed! Perhaps the plan is to swap them with the banks’ dodgy derivatives collateral directly, without actually putting them up for sale to outside buyers. According to Wikipedia (which translates Fedspeak into somewhat clearer terms than the Fed’s own website):
"The Term Securities Lending Facility is a 28-day facility that will offer Treasury general collateral to the Federal Reserve Bank of New York’s primary dealers in exchange for other program-eligible collateral. It is intended to promote liquidity in the financing markets for Treasury and other collateral and thus to foster the functioning of financial markets more generally. . . . The resource allows dealers to switch debt that is less liquid for U.S. government securities that are easily tradable.""To switch debt that is less liquid for U.S. government securities that are easily tradable" means that the government gets the banks’ toxic derivative debt, and the banks get the government’s triple-A securities. Unlike the risky derivative debt, federal securities are considered "risk-free" for purposes of determining capital requirements, allowing the banks to improve their capital position so they can make new loans. (See E. Brown, "Bailout Bedlam," webofdebt.com/articles, October 2, 2008.)
"The U.S. Federal Reserve gained a key tactical tool from the $700 billion financial rescue package signed into law on Friday that will help it channel funds into parched credit markets. Tucked into the 451-page bill is a provision that lets the Fed pay interest on the reserves banks are required to hold at the central bank."3If the Fed’s money comes ultimately from the taxpayers, that means we the taxpayers are paying interest to the banks on the banks’ own reserves – reserves maintained for their own private profit. These increasingly controversial encroachments on the public purse warrant a closer look at the central banking scheme itself. Who owns the Federal Reserve, who actually controls it, where does it get its money, and whose interests is it serving?
"When the Federal Reserve writes a check for a government bond it does exactly what any bank does, it creates money, it created money purely and simply by writing a check."3. The Fed generates profits for its shareholders.
"[T]he Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute."As we know from watching the business news, "oversight" basically means that Congress gets to see the results when it’s over.
Ellen Brown, J.D., developed her research skills as an attorney practicing civil litigation in Los Angeles. In Web of Debt, her latest book, she turns those skills to an analysis of the Federal Reserve and "the money trust." She shows how this private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her eleven books include the bestselling Nature’s Pharmacy, co-authored with Dr. Lynne Walker, and Forbidden Medicine. Her websites are www.webofdebt.com and www.ellenbrown.com
|American-born Al Qaeda-linked cleric Anwar al-Awlaki|
"Admire him or revile him, WikiLeaks’ Julian Assange is the prophet of a coming age of involuntary transparency, the leader of an organization devoted to divulging the world’s secrets using technology unimagined a generation ago."
I’m sure that on that 38 acres there are more deer and other wildlife that whizzes and craps a larger volume (by far) than one man. There’s no public safety issue here - this is one man, on his own property, with no evidence that he’s polluting anything around him, who simply wants to be left alone - and who clearly isn’t interested in “improving” his land and thus paying ten times as much in property taxes and “mandatory” services.That’s really the rub here, isn’t it? The county wants to evict him not due to any sort of danger, but rather because he refuses to build a big fat McMansion on that land and then suck down the kilowatts and pay for every gallon of water twice - one to deliver it, again to cart it away even if he chooses to do things with the water that don’t require those gallons to be carted away.Show me where this individual is actually harming the public’s safety and I’ll agree with the jackboot of government coming in to tell him how he has to live.
"I and my camera crew while attending the Lt. Col. Terry Lakin trial was detained by military police and threatened with trespassing charges here in Ft Meade Md. We were interrogated for nearly three hours, searched, ask to sign statements and read the Miranda right . They placed us in separate rooms for interrogation, and Capt Farr was placed in a cell block room. They released us after the trial was over."According to Manning, Lt. Col. Lakin was found guilty of felony charge on “Missing Movement” and he plead guilty to the refusal to obey a direct chain of command order. Court is now in sentencing phase.
In 2007 John Young, operator of cryptome, left his position on the WikiLeaks Board of Directors accusing the group of being a "CIA conduit." Young subsequently retreated from his assertion but has continued to be critical of the site. In a 2010 interview with CNET.com Young accused the group of a lack of transparency regarding their fundraising and financial management. He went on to state his belief that WikiLeaks could not guarantee whistleblowers the anonymity or confidentiality they claimed and that he "would not trust them with information if it had any value, or if it put me at risk or anyone that I cared about at risk."Now, still in the same week of Assanges's exit, John Young has also appeared on The Alex Jones Show. Critical question - Is this, a legitimate interview or an attempt to build "street cred" within Jones's audience - an audience well known for its skepticism? Keep this in mind - if Young can successfully break into the alternative media cult with his message - it will resonate.
We'll it is what I was told as a kid. Trust no one but yourself and warn people not to trust you. We say at cryptome, do not trust us. Through our ignorance we may deceive you or betray you. Do not trust anyone who speaks with a voice of authority and do not trust anyone who sells you protection. Do not trust anyone who sells you trust. Because their own ignorance and venality will betray you... We've got a lot of talk from people who are well known liars. And most hackers are liars because that is how they social engineer. Most people on the internet lie. I lie. Are you hearing me? I lie. I'm lying to you right now. Keep that in mind. Everyone's got their agenda...The show must go on. Also, in the Alex Jones appearance, John Young introduced a new cast of characters (the leaking community) and offered a lineup of coming episodes - both of which were published in the accompanying INFOWARS.com article.