Image via WikipediaOther areas of government are not so much under his direct control but under a very persuasive type of control. One such area is our Federal Reserve. Yet, the Federal Reserve is not a government agency - it is in fact a privately owned and secretly owned compnay - our Congress allowed to be established under President Woodrow Wilson. Today, it is said, the Federal Reserve and its Chairman have more power in Washington then does The President no matter who that may be.
The Fed can print our money - Federal Reserve Notes - at will, raise or lower and cause to be raised or lowered consumer interest rates and bail out corporations with newly printed money future generations will pay interest on with no hope of ever reducing the principle.
With so much wrong in our country today - two wars, a broken and shattered economy, a diminishing middle class, high unemployment, increasing food stamp participants and an ever increasing homeless population - it is important that we begin to take a serious look at how The Fed may be involved.
Here is a preview:
The questions are raised as to who "they" are, what they do, how they do it and never have to account to the American people.
This type of entity does not belong in a Democracy "of the people, by the people, for the people".. Let us not forget that this was the principal our founding fathers created. Smart men in a primitive time compared to today. No computers, little science, no instant media that can transmit information in milliseconds. Yet they were able to conceive of "a more perfect union".
This new feature, "The Fed Corner" will publish links to information and hopefully insight to The Federal Reserve. Commentary will be offered as will be research not generally known by the publlic. Much will be controversial yet controversy is what surrounds this whole concept and innter workings of The Fed.
Our purpose is to create dialogue, awareness and. discovery in an effort to learn how The Fed interweaves with our elected (/) government as it rules our financial industry. We may also find discovery on how it possibly rules us all.
Active participation is encouraged. An email address will be provided for submission of information or even writings to be posted here.
Look for "The Fed Corner" coming to this blog soon.
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Post date: 02/27/2010 - 20:38
ReplyDeleteWhile US workers are now working more hours and have become dramatically more productive and profitable, their pay is actually declining and all the dramatic increases in wealth are going straight into the pockets of the Economic Elite. The financial coup that begun in the US is now spreading across the world, threatening the fabric of our societies. How will this all end?
http://tinyurl.com/yj4kyu2
Maybe someone in the WH should be taking advice from......
ReplyDeleteJanet Tavakoli
President, Tavakoli Structured Finance, Inc.
I gave the SEC a map and a flashlight, yet it went nowhere. (My letter still sits on the SEC's web site.) I'm called the "Cassandra of credit derivatives," but it's a misnomer. I'm not prescient, I have no psychic ability, and the geeks at U.S. banks--that claim they are great risk managers--are capable of the same analysis. Moreover, only pension funds and banks' customers were the victims of an unholy rape.
The U.S. Should Investigate Transactions that Destabilized America
If the U.S.'s "photo-op regulators" are investigating transactions that destabilize countries, they should start at home. Is it "God's work" to enrich crony capitalists--Washington and Wall Street's new chosen people--while siphoning money from hard-working taxpayers?
http://www.huffingtonpost.com/janet-tavakoli/washington-abadons-greece_b_479848.html
Soros Criticizes Obama's Bailouts
ReplyDeleteWASHINGTON—Billionaire investor George Soros, who helped U.S. President Barack Obama raise money for his presidential campaign in 2008, said Sunday he wasn't happy with Mr. Obama's handling of the financial crisis.
Mr. Soros said the government should have taken over U.S. banks instead of bailing them out, a move he suggested would have been more popular with Americans.
"The solution that he found to the financial crisis, which was to effectively bail out the banks and allow them to earn their way out of the hole, was, in my opinion, not the right solution," Mr. Soros said in an interview with CNN. "He should have compulsorily replaced the capital that was lost."
http://tinyurl.com/ycs4py6
I wonder if this came up over dinner?
ReplyDeleteNice crowd you dine with Obama...
Chase and law firm draw scrutiny over tactics in foreclosure cases
Liening on NY homeowners
One bank caught in the crosshairs is JPMorgan Chase Bank, one of the largest mortgage lenders in the city.
Read more: http://www.nypost.com/p/news/business/liening_on_brXWsORtBjnxgpXskq8x5N/0#ixzz0gvvkK2gL
Empire and Oligarchy
ReplyDeleteWhatever Happened to "We the People"?
By RALPH NADER
The other story shows that the Presidency has become a self-driven Empire outside the law and unaccountable to its citizens. The Times reports “how far the C.I.A. has extended its extraordinary secret war beyond the mountainous tribal belt and deep into Pakistan’s sprawling cities.” Working with Pakistan’s counterpart agency, the C.I.A. has had some cover to do what it wants in carrying out “dozens of raids throughout Pakistan over the past year,” according to the Times.
“Secret War” has been a phrase applied numerous times throughout the C.I.A’s history, even though the agency was initially created by Congress right after World War II to gather intelligence, not engage in lethal operations worldwide.
Unrestrained by either Congress or the federal courts, Presidents say they can and do order their subordinates to go anywhere in the world, penetrate into any country, if they alone say it is necessary to seize and destroy for what they believe is the national security. American citizens abroad are not excluded. Above the law and beyond the law spells the kind of lawlessness that the framers of our constitution abhorred in King George and limited in our country’s separation of powers.
Because our founders would not tolerate the President being prosecutor, judge, jury and executioner, they placed the war-declaration and appropriations authorities in the Congress.
Both Presidents George W. Bush and Barack Obama believe they have unbridled discretion to engage in almost any overt or covert acts. That is a definition of Empire that flouts international law and more than one treaty which the United States helped shape and sign.
http://www.counterpunch.org/nader03012010.html
Hey Washington! Economy has us very worried
ReplyDeletePssst . . . Americans are not happy.
You already know that, of course, because you are a regular, communicative human being who lives in the real world.
You go to the supermarket and hear other shoppers complain about the cost of putting food on the table. And you listen to neighbors bitch about job prospects.
You even notice that the price of gasoline and home heating oil hasn't gone down despite all that's wrong with the economy. The laws of supply and demand, which would have you believe we'd be paying about $1 a gallon for gasoline right now, have been repealed by Wall Street's speculators.
Yet the depressed state of the American public seems to be a surprise to people who run the country. Not a total surprise, mind you, because politicians are clearly worried about being kicked out of office, which would mean they'd have to find a real job in a weak economy.
Read more: http://www.nypost.com/p/news/business/hey_washington_economy_has_us_very_TymPZwVrKbNlGuorM8tN3M#ixzz0h2b4I2Uh
Hundreds of wolves have been killed in Idaho and Montana since March 2009 because the Obama administration eliminated federal protections for these animals. Ashley Judd has recorded a new video urging folks like us to write president Obama and encourage him to restore these protections. I watched the video and took action, and I hope you will too. Just visit http://dfnd.us/9RuvgT to help
ReplyDeleteGeithner's Illegal Money-Laundering Scheme Exposed; Harry Markopolos Says “Don’t Trust Your Government”
ReplyDeleteMarkopolos and a few of his associates tracked the ponzi scheme across the Atlantic and found evidence of money laundering and organized crime in the US and Europe. No doubt the details will be interesting.
http://tinyurl.com/ygwm82c
Are all the pundits smoking crack?...improving economy?
ReplyDeleteso where did all the $ go?
Employment for Adult Males is at Record Lows
http://www.ritholtz.com/blog/2010/03/employment-for-adult-males-is-at-record-lows/
More of No Change...read the comments!
ReplyDeleteThursday, March 4, 2010
More Credit Card Company Chicanery: Ban on Universal Default Gutted
In her presentation on the need for a consumer finance watchdog at the Roosevelt Institute session yesterday, Elizabeth Warren made the argument (not quite this crisply) that the complex agreements that financial firms foisted on consumers were not proper contracts, in that there was no way that most consumers could evaluate what they were agreeing to (this gets to the notion we’ve discussed earlier, of good faith and fair dealing. While the contracts may conform to the appearance of contracts, they violate these fundamental premises that undergird all agreements).
http://www.nakedcapitalism.com/2010/03/more-credit-card-company-chicanery-ban-on-universal-default-gutted.html
Remember political patronage?
ReplyDeleteMore Headaches For The Goldman PR Department
http://tinyurl.com/yhrpqvu
We need TURBO CHARGED CHANGE....FAST!
ReplyDelete"All political thinking for years past has been vitiated in the same way. People can foresee the future only when it coincides with their own wishes, and the most grossly obvious facts can be ignored when they are unwelcome." … George Orwell
Keiser also talks to David DeGraw about his new book, “The Economic Elite versus the People of the United States of America.”
http://maxkeiser.com/2010/03/04/kr22-keiser-report-markets-finance-scandal/