Post by 3bid on Feb 8, 2016 10:40:50 GMT -5
End the Fed !
By Katherine Frisk on February 7, 2016 | VT
Another Kind of Engineered “Revolution?”
All across the Internet you will read articles and see videos on the Federal Reserve and the Central Banks of the World and why this monetary system should end.
Ron Paul based his whole presidential bid on this ticket in 2011-2012. Occupy Wall Street had their own “color revolution” down the streets of New York demanding it as thousands gathered around Zuccotti Park.
The reasons are sound and valid. But I have to ask myself if the general public worldwide has possibly been duped again?
This article is more of a fishing trip than anything else. I am casting my bread upon the waters to see what comes back. I am going to use the South African Reserve Bank as an example to get my point across, though I think the same pattern could be happening in all central banks irrespective of who owns what shareholding, where, how and who gets paid out and what.
The South African Reserve Bank (SARB) was founded in 1921. Unlike the US Federal Reserve, shareholding is limited and at the end of each financial year shareholders are only paid out 10c per share. This has not changed in 97 years. Being a shareholder is more of a charity than anything else, it is certainly not a good investment. And the names of shareholders are freely available to the public. After costs, all profits are paid to the South African government for the benefit of the South African people.
So where is the catch? The catch comes when SARB makes out loans to large corporations operating within South Africa in order to develop and boost the economy. A good example of this would be the Federal Reserve that bailed out the “too big to fail banks” after the 2008 stock market crash. This money with interest should “theoretically” be paid back. It is American taxpayers money.
In the case of South Africa, before a transfer of power in 1994 from the previous Apartheid Nationalist government and the African National Congress took place, SARB made out substantial loans to corporations operating in South Africa amounting in the billions. Over a period of now 25 years, these loans to the best of my knowledge, with accrued interest, have still not been paid back. One wonders if the loans made by the “too big to fail” banks in turn will ever be paid out either?
In the last year the secret treaties of the TPP and the TTIP have since come to light. This will give corporations the same rights as governments with their own courts and the right to sue governments, should their policies result in loss of income.
The corporations included in these treaties are also… the privately owned “too big to jail” banks, such as Goldman Sachs which is a major supporter of the TPP and has donated a substantial amount of money to congressmen in order to push through “fast track.”
What this means is that if the central banks finally do sue and demand to be repaid, these corporations will now have the power to counter sue because repayment will cause them loss of income.
Also keep in mind the oldest trick in the book. Company A is in debt for a couple of billion. They set up another company B which buys out the subsidiary of company A which is in debt.
Tronox is a good example of this. When the case finally comes to court and company B which has bought out a toxic entity loses and has to pay out, company A has long since left the building. Company B is forced to sell off what little remains to pay out the debt, which because they are bankrupt in the first place, results in the company going belly up and shutting down.
All central banks are sitting with this conundrum. Huge loans that they have made out that have yet to be repaid.
Companies that no doubt by now have done a Tronox. In this case, the shareholders of the Federal Reserve Bank have long since left the building.
And the upcoming TPP and TTIP agreements will give corporations and private banks the same rights as governments, where they can counter sue the government for loss of income due to having to repay huge loans.
Do you get my drift?
One solution that would suit the corporate Vampire Squid and make it all go away, would be a very convenient “color revolution,” another “Occupy” if you will, where they can get the people to demand the end of the central banking system.
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comments:
jvmcdee
February 8, 2016 at 3:54 am
Step 1) open the books. How many trillions of Treasury debt might be on Fed balance sheet? This will get the publics attention. Step 2) After realizing the Feds books are not GAAP but largely irregular, audit the Fed. These revelations will again attract public attention and keep late night comics busy. As huge as Fed is, its really just the enabling codependent of a spendthrift runaway RKM hijacked govt. We (USCits) must claw back the top thousand governmental contractors and bailout recipients windfalls. Say Halliburton, Raytheon, Big pharma, GM, TARP . We have been robbed. We (USCits) OWN the QE recipient banks! And we owe atonement to the many millions of people run over by MIC. We are at war economically. s/ Robin Hood
Katherine Frisk
February 8, 2016 at 4:14 am
As Buffet himself said. There is a war going on between the rich robbers who never pay tax and get HUGE amounts of loans to fund their schemes interest free and the poor tax payers who are put through endless loop holes and compounding interest rates should they require a loan from the bank to say nothing about the Mortgage fraud and the sequritization of debt, and according to Buffet the rich are and have won. No doubt he is a major supporter of the TPP and the TTIP.
lastugro
February 8, 2016 at 1:45 am
The Federal Reserve Act of 1913 was maybe the biggest mistake ever in the American history because it allowed a private cartel to manage the money system of the country. All this cartel did and it still does is to suck all the value out of the American economy, and after Bretton Woods, of the world economy. Thus, after 1913 the American people was never able to determine its destiny. The rest of the world got the same fate after WW2. Hoewver, disbanding the Fed would be a catastrophy. The Fed must be NATIONALIZED and limited in influence to the USA territory. Ending the Fed means allowing new private money systems to emerge and compete to pillage the physical economy of the country (just what the Fed does now as a monopoly). Like defense, state administration or foregin policy, the money system should be state controlled. The commercial banks should continue to stay and operate private but the Fed must belong to the state and serve the general public interests as opposed to those of the private Fed shareholders (this list is top secret).
captain obvious
February 8, 2016 at 12:56 am
personally I think that little 10 square mile foreign country residing within our borders aka “the District of Criminals” needs to repay THEIR OWN FRIGGIN DEBT. they’re the ones playing the unlimited deficit spending game like a 6 year old with a stolen credit card, while waging WAR against US that they do not consider treason, just “standard operating proceedure”. terrorists supporting terrorism and terrorizing US too, millions terrified of becoming unemployed, homeless, or worse, after sabotaging our REAL working economy every way possible, “war on drugs” they themselves import to justify a police state and privatized prison system. dumbing us down, sabotaging our health then mandating “HELLthcare” for mostly foreign owned big pharma-medical-insurance corporate profits, all just the tip of an iceberg!
Altimometer
February 8, 2016 at 12:42 am
The corporation is now a person and are looking to becoming, officially with Wall Street’s assistance, to become governments. Have they not been operating in this manner as a global citizen as the work up for their TTP and TTIP, Katherine? Buying up corporations by debt is done leaving the ceo of the former corp. in place, but how does one person legally buy another? The banker creates money that never existed before when they loan, the lenders take the money while the tax payer is burned with the interest buyer with the dual ledgers. After debt’s fire sale we still get hooked for the principle. The banker cares not who bleeds they’re over 100 years old here and DC plans to always renew that charter to the person. It looks like win-win for the corporation, banker, government,military machine. Thanks for your insight in this matter Katherine…
Katherine Frisk
February 8, 2016 at 2:39 am
Thanks. What I would like to see is them forced to repay everything that they have stolen.And the central banks around the world can take that in gold bullion not the dollars they created for the little people. The gold bullion that I strongly suspect they have been hoarding while at the same time crashing the price of gold for their benefit in preparation for the passing of the TPP and the TTIP. That would even the playing fields considerably and we can get on with the 21st century with new infrastructure and new technologies.
ksp
February 7, 2016 at 6:17 pm
I just wanted to point out the supply and demand aspect to this. The only reason there are drug cartels is people want the product. Making it illegal doesn’t change human nature, if there is a demand someone will find away to supply.
“All wars are Bankers Wars” but it is the govts. that want the the money. Banks lend money, if two govts want to borrow from the same banker so they can bomb each other so what. Is the banker supposed to be the nanny ? The politicians know the bank is financing both sides but they still take the money.
IMO, the whole system needs a ctl-alt-delete. The Fed Reserve and a lot of Federal Agencies starting with the IRS. We have no need for a fed income tax, they don’t need the money, they are just taking it so we won’t have it.
jalenfromrosemont
February 7, 2016 at 5:28 pm
QE 1,QE 2 Operation Twist, QE 3. .. 4.5 trillion of THE most epic white collar crime, wealth transfer the world has ever seen, passed to you by the CCMM as “stimulus” having been anything but. Now i respectfully disagree with ksp about shutting down the fed. Well when your are THE MARKET and you make it up at anytime you want. No asset class is price discovered. Assets ,WTI. equities etc are what the fed want them to be. That being said, if this did not exist the SP 500 would be at 600 and WTI would not be below 30. These are policy, political tools among others ,but with equities and 4.5 trillion in counterfeiting the KKM, MIC was guaranteed funding. WTI would be used (lower) as a war tool. The fed runs a big giant ponzi enriching themselves and punishing others. Poor Bernie Madoff. Goes to jail for something the Fed does everyday on a scale 1000x. Lesson Bernie. You can run a ponzi on the goyim but not on other rich connected joos.
peter
February 7, 2016 at 4:03 pm
It’s seems to me ksp that the private shareholders of the fed sure make a good living.
Katherine Frisk
February 7, 2016 at 5:17 pm
The way I see it peter, is the private shareholders also own the private “too big to jail “banks who got huge bailouts after the 2008 crash. This while the public are put on austerity measures. These bail outs have never been paid back and these private banks have been making a lot of money in the interim. I strongly suspect that they have been hoarding up gold bullion. Now bring in the TTP and the TTIP where they will have the same rights as governments and throw into equation that these loans will never be returned to the tax payer. And even if the central banks sue in order to be repaid, they will now have the power to counter sue with their own secret law courts. This is theft on an unimaginable scale.
ksp
February 7, 2016 at 3:28 pm
From Armstrong: The Fed was originally a private bailout entity to replace J.P. Morgan and what he did during the panic of 1907. Stimulation occurred through buying corporate paper. When WWI came, Congress ordered the Fed to buy government paper; not corporate. They never returned it to its original design. When Great Depression came, Congress usurped all branches and established a single national interest rate. They ordered the Fed to support U.S. debt at par during WWII. Congress gets to blame the Fed for inflation, but it is Congress that creates the bulk of the money by debt. So it works.
So many people hate the Fed, but they do not look at who really creates the bulk of the money – CONGRESS. It is very naive to think that shutting down the Fed that would solve everything. The problem runs much deeper.
Katherine Frisk
February 7, 2016 at 5:08 pm
Thanks ksp. SARB is slightly different to the FED. However the mechanism is the same. Huge loans to private corporations to stimulate the economy. Through some very clever accounting these funds are basically stolen. Often disappearing while the original company goes belly up and can never pay back the loan. So billions and sometimes trillions have been stolen. Not only in the US but the whole system. throughout the world. This has a knock on effect on the currency value and often there is a decline in their value which makes these countries even poorer which in turn leads to political and social problems.
February 8, 2016 at 3:54 am
Step 1) open the books. How many trillions of Treasury debt might be on Fed balance sheet? This will get the publics attention. Step 2) After realizing the Feds books are not GAAP but largely irregular, audit the Fed. These revelations will again attract public attention and keep late night comics busy. As huge as Fed is, its really just the enabling codependent of a spendthrift runaway RKM hijacked govt. We (USCits) must claw back the top thousand governmental contractors and bailout recipients windfalls. Say Halliburton, Raytheon, Big pharma, GM, TARP . We have been robbed. We (USCits) OWN the QE recipient banks! And we owe atonement to the many millions of people run over by MIC. We are at war economically. s/ Robin Hood
Katherine Frisk
February 8, 2016 at 4:14 am
As Buffet himself said. There is a war going on between the rich robbers who never pay tax and get HUGE amounts of loans to fund their schemes interest free and the poor tax payers who are put through endless loop holes and compounding interest rates should they require a loan from the bank to say nothing about the Mortgage fraud and the sequritization of debt, and according to Buffet the rich are and have won. No doubt he is a major supporter of the TPP and the TTIP.
lastugro
February 8, 2016 at 1:45 am
The Federal Reserve Act of 1913 was maybe the biggest mistake ever in the American history because it allowed a private cartel to manage the money system of the country. All this cartel did and it still does is to suck all the value out of the American economy, and after Bretton Woods, of the world economy. Thus, after 1913 the American people was never able to determine its destiny. The rest of the world got the same fate after WW2. Hoewver, disbanding the Fed would be a catastrophy. The Fed must be NATIONALIZED and limited in influence to the USA territory. Ending the Fed means allowing new private money systems to emerge and compete to pillage the physical economy of the country (just what the Fed does now as a monopoly). Like defense, state administration or foregin policy, the money system should be state controlled. The commercial banks should continue to stay and operate private but the Fed must belong to the state and serve the general public interests as opposed to those of the private Fed shareholders (this list is top secret).
captain obvious
February 8, 2016 at 12:56 am
personally I think that little 10 square mile foreign country residing within our borders aka “the District of Criminals” needs to repay THEIR OWN FRIGGIN DEBT. they’re the ones playing the unlimited deficit spending game like a 6 year old with a stolen credit card, while waging WAR against US that they do not consider treason, just “standard operating proceedure”. terrorists supporting terrorism and terrorizing US too, millions terrified of becoming unemployed, homeless, or worse, after sabotaging our REAL working economy every way possible, “war on drugs” they themselves import to justify a police state and privatized prison system. dumbing us down, sabotaging our health then mandating “HELLthcare” for mostly foreign owned big pharma-medical-insurance corporate profits, all just the tip of an iceberg!
Altimometer
February 8, 2016 at 12:42 am
The corporation is now a person and are looking to becoming, officially with Wall Street’s assistance, to become governments. Have they not been operating in this manner as a global citizen as the work up for their TTP and TTIP, Katherine? Buying up corporations by debt is done leaving the ceo of the former corp. in place, but how does one person legally buy another? The banker creates money that never existed before when they loan, the lenders take the money while the tax payer is burned with the interest buyer with the dual ledgers. After debt’s fire sale we still get hooked for the principle. The banker cares not who bleeds they’re over 100 years old here and DC plans to always renew that charter to the person. It looks like win-win for the corporation, banker, government,military machine. Thanks for your insight in this matter Katherine…
Katherine Frisk
February 8, 2016 at 2:39 am
Thanks. What I would like to see is them forced to repay everything that they have stolen.And the central banks around the world can take that in gold bullion not the dollars they created for the little people. The gold bullion that I strongly suspect they have been hoarding while at the same time crashing the price of gold for their benefit in preparation for the passing of the TPP and the TTIP. That would even the playing fields considerably and we can get on with the 21st century with new infrastructure and new technologies.
ksp
February 7, 2016 at 6:17 pm
I just wanted to point out the supply and demand aspect to this. The only reason there are drug cartels is people want the product. Making it illegal doesn’t change human nature, if there is a demand someone will find away to supply.
“All wars are Bankers Wars” but it is the govts. that want the the money. Banks lend money, if two govts want to borrow from the same banker so they can bomb each other so what. Is the banker supposed to be the nanny ? The politicians know the bank is financing both sides but they still take the money.
IMO, the whole system needs a ctl-alt-delete. The Fed Reserve and a lot of Federal Agencies starting with the IRS. We have no need for a fed income tax, they don’t need the money, they are just taking it so we won’t have it.
jalenfromrosemont
February 7, 2016 at 5:28 pm
QE 1,QE 2 Operation Twist, QE 3. .. 4.5 trillion of THE most epic white collar crime, wealth transfer the world has ever seen, passed to you by the CCMM as “stimulus” having been anything but. Now i respectfully disagree with ksp about shutting down the fed. Well when your are THE MARKET and you make it up at anytime you want. No asset class is price discovered. Assets ,WTI. equities etc are what the fed want them to be. That being said, if this did not exist the SP 500 would be at 600 and WTI would not be below 30. These are policy, political tools among others ,but with equities and 4.5 trillion in counterfeiting the KKM, MIC was guaranteed funding. WTI would be used (lower) as a war tool. The fed runs a big giant ponzi enriching themselves and punishing others. Poor Bernie Madoff. Goes to jail for something the Fed does everyday on a scale 1000x. Lesson Bernie. You can run a ponzi on the goyim but not on other rich connected joos.
peter
February 7, 2016 at 4:03 pm
It’s seems to me ksp that the private shareholders of the fed sure make a good living.
Katherine Frisk
February 7, 2016 at 5:17 pm
The way I see it peter, is the private shareholders also own the private “too big to jail “banks who got huge bailouts after the 2008 crash. This while the public are put on austerity measures. These bail outs have never been paid back and these private banks have been making a lot of money in the interim. I strongly suspect that they have been hoarding up gold bullion. Now bring in the TTP and the TTIP where they will have the same rights as governments and throw into equation that these loans will never be returned to the tax payer. And even if the central banks sue in order to be repaid, they will now have the power to counter sue with their own secret law courts. This is theft on an unimaginable scale.
ksp
February 7, 2016 at 3:28 pm
From Armstrong: The Fed was originally a private bailout entity to replace J.P. Morgan and what he did during the panic of 1907. Stimulation occurred through buying corporate paper. When WWI came, Congress ordered the Fed to buy government paper; not corporate. They never returned it to its original design. When Great Depression came, Congress usurped all branches and established a single national interest rate. They ordered the Fed to support U.S. debt at par during WWII. Congress gets to blame the Fed for inflation, but it is Congress that creates the bulk of the money by debt. So it works.
So many people hate the Fed, but they do not look at who really creates the bulk of the money – CONGRESS. It is very naive to think that shutting down the Fed that would solve everything. The problem runs much deeper.
Katherine Frisk
February 7, 2016 at 5:08 pm
Thanks ksp. SARB is slightly different to the FED. However the mechanism is the same. Huge loans to private corporations to stimulate the economy. Through some very clever accounting these funds are basically stolen. Often disappearing while the original company goes belly up and can never pay back the loan. So billions and sometimes trillions have been stolen. Not only in the US but the whole system. throughout the world. This has a knock on effect on the currency value and often there is a decline in their value which makes these countries even poorer which in turn leads to political and social problems.
www.veteranstoday.com/2016/02/07/end-the-fed/