Ron Paul on the Federal Reserve and the economy
Jock Doubleday was suspended as an author in October 2008. Despite his claims of censorship, none of his posts have been removed.
http://www.youtube.com/watch?v=KX9r-L1gKQc
Jock Doubleday was suspended as an author in October 2008. Despite his claims of censorship, none of his posts have been removed.
http://www.youtube.com/watch?v=KX9r-L1gKQc
Comments (18)
UK criminal short selling to be banned! Have your say!!
http://uk.messages.finance.yahoo.com/Your_Money/threadview?m=tm&bn=UKF-Investing&tid=3467&mid=3467&tof=-1&rt=2&frt=2&off=1
Comment #1 Posted by: Shorts Down ... | September 18, 2008 10:44 PM
Like he says, the Federal Reserve, (neither federal nor reserve), has the monopoly here. Perhaps it would just be best for this cabal of private international bankers if they could just simplify the controls and consolidate to just a few currencies. No coincidence that the loon is the only currency that hasnt risen against the dollar. Soon, the Amero will be here to save the day and we'll all be thankful for it. Much akin to the confiscation of gold for paper money (HJR 192) when the Fed came to roost in 1933. God Bless the North American Union. Amero?
Comment #2 Posted by: Todd | September 19, 2008 08:08 AM
Just when I thought I had seen it all, I woke up this morning to find that our government is buying up thousands of illiquid mortgages. This, on top of bailing out AIG, Fannie Mae, Freddie Mac, and Bear Sterns. As if this weren't enough, the fed is outlawing short selling of 799 financial stocks.
Up till this week, I was under the silly illusion that the republicans were opposed to socialism and were instead supposed to be the staunch defenders of capitalism. I suppose I wouldn't mind socialism so much if we would socialize profits instead of losses to the American taxpayer. Socializing heath care wouldn't hurt either.
The good news here is that the stock market is doing great this morning. Of course it is. Traders are forbidden from shorting the stocks of the very worst managed companies that got us into this mess in the first place. However, I imagine that the captains of the thousands of other publicly traded companies might be just a tad concerned that their companies are not afforded the same artificial protection.
I am sorry, I misspoke (miswrote). Those protected companies didn't get us into this mess. It was the policies of those opposed to regulation that permitted the creation of reckless sub prime security instruments, as well as eliminating the need for capital reserves to back credit swaps. Fortunately, a relative few amassed great wealth by taking full advantage of these gaps in regulation. The bad news is that the rest of us are now financing that wealth. Thankfully, though McCain has staunchly opposed regulation throughout his entire career, this week, after learning that the fundamentals of our economy aren't so sound after all, he has become a born-again regulator. Better late than never, I guess.
But wait, there's more good news: the Bush administration wants to keep these bailouts off the books, just like the Iraq war. That's a relief, because otherwise, Our $9.65 trillion national debt would tick up by at least another trillion. Perhaps the rest of us can use the same nifty approach to reduce our debt load -- just pretend it doesn't exist. Our mortgages? Gone. Our credit card debt? History. See? It's easy.
And to think that all this time I was under another illusion -- that the conservatives were, well, conservative with our money. The conservatives' slight-of-hand fiscal policies have loaded up our debt by some $8 trillion during the Reagan, Bush I and Bush II presidencies. Repeat: $8 trillion of our $9.65 trillion national debt happened under the last 3 republican presidencies.
I just have one dumb question: where is this money supposed to come from? Do we print more money and further dilute the dollar? Do we borrow more money from from China, even though they have signaled their adversity to being suckered into buying more American debt? Do we further tax the taxpayer? Perhaps someone can enlighten me.
Comment #3 Posted by: Todd Miller | September 19, 2008 10:06 AM
Oh, don't worry, Todd. Sarah Palin has it all figured out. The little people need not know anything more than that.
Comment #4 Posted by: Anonymous | September 19, 2008 10:49 AM
Todd, I think in a perverse way the Republicans view this as similar to a run on the bank. Just as a depositor might rush to pull all one's cash out of a wobbly institution, the Republicans recognize how wobbly the institution of the U.S. economy is, and they are especially keen on how wobbly, and potentially close to the end, is their hold on the American taxpayer. They are making one final, desperate run on the American taxpayer in order to hoard as much cash as they can before the game is up.
Comment #5 Posted by: Anonymous | September 19, 2008 10:51 AM
Indeed Anonymous, I had completely forgotten that there are few problems conservatives can't solve with a really big gun. I'll sleep better tonight.
Comment #6 Posted by: Todd Miller | September 19, 2008 10:53 AM
the US debt, Todd,
somewhere between $50 Trillion and $150 Trillion, depending on how fully you account for it, is in the minority to the Rockefeller gang, and in the maintain to the Rothschild gang.
and the debt is born, at goonland (legal system) gunpoint, by the American citizen-slaves.
thus the wonder, that today London and Wall Street have proposed to outlaw the hedge-fund financing of the aristocracies and monarchies, end the p0redations of the derivatives 'instrument', short-selling! By 1929 and 911 and other crashings of the markets, to collect, amongst the bodies and rubble, the ownership of all the banks and all the businesses.
until now, the gangster elite have been protected by the security state, which declares all their evil criminal business dealings as 'national security' domain, and protected from public discussion or court prosecution.
now the dialog begins to BRING TRUTH, ENLIGHTENMENT, TO THE US AND WORLD ... to end the 'society of secrecy', the cloak and dagger of the shadow world of our dark past!
today marks the beginning of the end of the Rockefeller, Cheney, Bush (and Clinton and Gore) 'world of horror as usual'!
the people have finally climbed out of, most recently, the seven years of enforced silence and idiocy and home-turf quarrel and combat -- emerged victorious with the truth!
more, infinitely more, news to report, 'shortly' !!
with and for all our sacred relations,
Millennium Twain
Comment #7 Posted by: Millennium | September 19, 2008 10:59 AM
Millennium! This says it all! Keep it coming!
"somewhere between $50 Trillion and $150 Trillion, depending on how fully you account for it, is in the minority to the Rockefeller gang, and in the main to the Rothschild gang.
and the debt is born, at goonland (legal system) gunpoint, by the American citizen-slaves.
thus the wonder, that today London and Wall Street have proposed to outlaw the hedge-fund financing of the aristocracies and monarchies, end the predations of the derivatives 'instrument', short-selling! By 1929 and 911 and other crashings of the markets, to collect, amongst the bodies and rubble, the ownership of all the banks and all the businesses.
until now, the gangster elite have been protected by the security state, which declares all their evil criminal business dealings as 'national security' domain, and protected from public discussion or court prosecution.
now the dialog begins to BRING TRUTH, ENLIGHTENMENT, TO THE US AND WORLD ... to end the 'society of secrecy', the cloak and dagger of the shadow world of our dark past!
today marks the beginning of the end of the Rockefeller, Cheney, Bush (and Clinton and Gore) 'world of horror as usual'!
the people have finally climbed out of, most recently, the seven years of enforced silence and idiocy and home-turf quarrel and combat -- emerged victorious with the truth!
Comment #8 Posted by: Tevin | September 19, 2008 12:14 PM
thank you brother Twain!
Comment #9 Posted by: Mark Glover | September 19, 2008 01:26 PM
thank YOU, Mark, and Tevin!
here's more news and numbers:
Earlier today, the Securities and Exchange Commission (SEC), in conjunction with the UK's Financial Services Authority (FSA), banned the short-selling of stocks.
The SEC said today it will initially ban short-selling on 799 financial stocks for 10 days but this could be extended for up to 30 days. In the UK, the FSA has permanently prohibited short-selling, where traders make money by betting a share price will drop sometime over a four month period. This is how Rockefeller through JP Morgan Chase, and the Rothschilds through their banks and the BIS et al, acquired an extra $50 Trillion of the world's corporate assets on 9/11 of 2001. Rockefeller currently owns 5 percent of the world-corporate-state, worth $50 Trillion, and the Rothschild family owns about thirty percent of 'that world', valued at about $300 Trillion.
[The BIS is part of the international security-state banking cartel -- currently publicly 'auditing' its own (US) Federal Reserve! That cartel is above the law, by law, giving them the privilege of being both the security-state managers-of and profit-takers-from their routine 'crashings' of the world markets. Other members include the Rothschild London Banks, the Federal Reserve, Goldman Sachs, Deutsche Bank and Citigroup.]
The JPM Derivatives Monster
http://www.gold-eagle.com/gold_digest_01/hamilton091001.html
"Let me issue and control a Nation's money
and I care not who makes its laws."
-- Meyer Amschel Rothschild
Comment #10 Posted by: Millennium | September 19, 2008 07:54 PM
and thank YOU, Jock,
and 'Shorts', and Todd; and Tyler, Sean and everyone on this and the other economic threads.
this is the economic synopsis I sent around on Tuesday to some of the discussion groups Megumi and I are a part of:
~~
~~~
aho gentlest family!
cyber-hugs from Megumi and I today to everyone!
none of our family members on this list will
need the encouragement, yet I offer the words,
sing the song, that it can continue to refine
and expand ...
this, our, chorus of global 'mother mind'!
markets were down some 5 percent in the US yesterday,
and same in Japan, and 6 percent in Hong Kong, and
3.5 percent in England, and some 2 percent in
Germany and France.
the price of gasoline in Japan now is $7 a gallon,
similar worldwide, and US prices are following along,
equivalent experience for food prices.
note the ecstatic wonder -- the world is holding
hands firmly together, planetwide!
enlightenment is coming to us all, as mother mind
TAKES AWAY our excesses of food and consumerism,
and violence of the automotive and rape of our
Mother Earth for oil, trees, animals, and all life!
and we are each individually healing and getting
healthier, and connected to land and community!
in the WHOLE arms of WORLD-Culture, the world-
mother of ALL our ancestors ...
with us today!
guiding our global enlightenment.
Her love for us,
never ending!
with and for all our sacred relations,
Millennium Twain
Singing and Dancing,
Gardening, Bicycling, Community Coops seeding ...
Tuesday, 12:09 pm, 16 Sept 2008
Ojai, California, North America
http://www.ojaipost.com/2008/09/for_earths_children_only.shtml
..
.
Comment #11 Posted by: Millennium | September 19, 2008 09:31 PM
thank you, Jock,
for your work everyday, to end the covert world of dark manipulations, of the deceit of democracy,
and bring us all into the honest light of truth, and sharing ...
a whole planet of direct democracy, a universal parliament, a planetwide voluntaryism, where ALL are honored and accorded the power over their own lives -- the whole of us moving our discernment to ethics, harmony with nature, away from the 'obscurity' of politics, i.e., warfare against family and world.
with and for all our sacred relations,
Millennium Twain
Comment #12 Posted by: Millennium | September 19, 2008 09:43 PM
A Brief Proposal to Restore Financial Sanity and the People’s Wealth by Sam Kennedy
Everyone in the patriot movement saw the “crisis” coming. The World Bank reaching out to confiscate the wealth of a nation. The methods are well known. Create a crisis. Promote hysteria. Act ABRUPTLY to consolidate power and seize society's wealth.
In 1995, it was the Mexican “bailout” where annual inflation of 125 percent forced Mexicans to accept $40 billion in NEW CREDIT (new debt obligations) from the World Bank (and of course, all of the usual austerity measures and tax demands), effectively transferring the wealth of a society to a privately held banking cartel. In 1993 it was deflation in Argentina, and more credits and bank oppression. And in 1933, it was the transfer of all American wealth to the Federal Reserve Bank when F.D.R ordered all of our families’ privately held gold to be delivered to the nearest branch of the Fed (ask your grand parents) and passed laws replacing payment of debts with the spurious legal concept of “discharging” debts using notes which are printed by a private banking cartel and backed by nothing. Yes, the Federal Reserve Bank IS privately owned by the Rothschild, Rockefeller and Morgan families. Something Henry failed to mention on this week's television blitzgkrieg.
This very week, the latest crisis comes to fruition - total seizure of wealth by fear-mongering the collapse of “markets” that never existed in the first place other than as digits in Paulson’s computer system. The man who is widely acknowledged as the architect of the securitized mortgage, architect of the notorious investment scheme that brought the world to its knees when he was chairman of Goldman Sachs (the only Wall Street brokerage dynasty unscathed by the credit meltdown), is now in charge of your life, your home, your retirement, your welfare. Even as he blames speculators, unscrupulous lenders, and your poor judgment for the crisis.
This very morning, George Will called Paulson’s bailout plan “the start of the Paulson administration” but offered no alternative. Every politician and pundit seems to agree that the fate of the world during the biggest crisis in history should rest on the shoulders of the fox who ate the hens. They are quick to point out that no one understands the crisis nor how much is owed, but...“We have to do SOMETHING.” We're politicians. First in line for your wrath when your IRA bottoms out.
And that “something,” of course, is the takeover of the financial world by the United States government, and it’s backers, the Federal Reserve Bank acting as agent and receiver for the World Bank, as always.
WELL HERE’S AN ALTERNATIVE that will provide immediate relief by returning to the people all of their assets, making credit unnecessary, and eliminating all of the house-of-cards phony baloney “markets” that everyone admits is beyond comprehension:
1. Repeal the Federal Reserve Act of 1913. Takes about five minutes to write the statute. This would provide an instant end to the $9 trillion dollar U.S. debt currently owed to the Fed for borrowing our own money that they merely print (that's what the Act actually says). What, you actually thought the country owed $9 trillion to China for making trinkets? Think again. the Fed buys most of the Treasury notes that we have to repay - and they use new money hot off the presses at a cost to them of 4 cents per bill. How do YOU think the country might fare if $9 trillion in debt were wiped out overnight? Would we be flowing in new capital? Our own capital? Rather than the banking cartels flowing in our capital?
2. Repeal the Income Tax Act of 1913 which exists to pay the interest on the debt to the Fed. How would YOU fare with the elimination of withholding from YOUR paycheck?
3. Process (finally) the Articles of Impeachment filed (and still pending) for conspiracy, fraud, unlawful conversion and treason in 1934 by Congressman Louis McFadden, the chairman of the House Banking and Currency Committee, against the Board of Governors of the Federal Reserve Bank, the Comptroller of the Currency and the Secretary of the Treasury.
4. Deliver to every media outlet in the country the following words of the world’s most knowledgeable man on the issue of banking spoken to Congress in 1934:
"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, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.
"This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.
"Some people who think that the Federal Reserve Banks 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. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”
5. Confiscate the total assets of the Federal Reserve Bank thereby effectively returning all the credit, liquidity and wealth that were stolen from the American people in 1913, 1933, 1964 and 2008.
Imagine that. With the mere stroke of a pen on a single piece of paper, Congress, with or without the President, could effectively:
- Return all of the people’s wealth.
- End the greatest financial scam in history which will otherwise inevitably lead to tyranny, oppression and destruction of world order.
- Restore the dignity of the American people by abandoning satanic principles such as debt, instant gratification and avoidance of responsibility.
- Restore dignity AND SOLVENCY to our children and grandchildren. The deeds to THEIR home should never again call them a TENANT.
- End the vile satanic Internal Revenue Service scam that has literally destroyed the lives of hundreds of thousands of honest Americans and transferred the wealth of a nation to a private banking cartel.
If you agree with the above, might I suggest circulating it as never this plan as widely as possible? If just one noteworthy media outlet reports on these options, if Ron Paul were to come forth from his cocoom and speak out at this very moment, perhaps the course of events could be changed and your children might be spared enslavement.
____________________________
Comment #13 Posted by: Anonymous | September 21, 2008 05:08 PM
Thank you All. These power house group organizations in all countries,the Illuminists, the NASA Majestics, run the planet and have there own agenda for us all. I think you have NOT 'seen nothing yet'. I think the debt exceeds Twain's amount. Go to www.projectcamelot to read what the ex military, scientists and ex astronauts have to say about all the US hidden agenda, wheres the money gone, and about how oppressed and lied to we are. If they can wipe out 3/4, they will.
Comment #14 Posted by: Retro | September 22, 2008 04:02 PM
re: post number 13 above by anonymous, claiming to quote Sam Kennedy ...
please note, I do not agree with that, understandable, emotional, proposal.
it WOULD be sound to immediately end the marketplace of debt, interest and servitude -- particularly that which is managed clandestinely, by the security state described below.
but no forgiveness of debt, or economic relationship, is appropriate without demonstration by all parties involved that they have embarked on a new and different course, different from the current stream of western consumerism -- the rape and murder of world culture, and our Mother Earth.
if and only if universal direct democracy and voluntaryism is emplaced, and a constitution based on ethics, the 42-Laws of Maat for example as a start, then and only can a dialogue begin. only when that dialog commits our economy to equality, and EVERYONE planting forests, bringing back the wetlands and rivers and life, bringing back the rainforests, ending the industrial and consumer and military murder of the oceans, healing the atmosphere -- when everyone is paid equally to DO GOOD FOR THE FIRST TIME IN HISTORY -- then and only then can we talk about redistributing the wealth to all equally -- for universal land stewardship.
and end of universal land (and sea and air) rapacity.
return the (95 percent eliminated) forests, rainforests, rivers, wetlands, oceans, atmosphere, whales, dolphins ... divine life!
that is, all our sacred relations,
Millennium Twain
Comment #15 Posted by: Templar Twain | September 22, 2008 06:50 PM
I think you have it backwards, Millenium. To say that we cannot forgive debt UNTIL we've demonstrated as a collective that we're embarking on a different course is wrong. They must be synonymous. That is the primary point of changing the course!
As if the collective has to prove to some alleged creditors that they're worthy of a better life!? Huh? Perhaps I miss your point here.
Comment #16 Posted by: Todd | September 23, 2008 05:52 PM
What do you guys think of this?
If we have learned one thing over the past seven years, it is this: Do not EVER trust the Bush administration when the question of executive power is at issue! From the Patriot Act to the authority to use force in Iraq to the need to pass a new FISA law, the Bush administration is always saying some kind of crisis necessitates urgent action, which inevitably leads to the administration being given -- and abusing -- unprecedented power.
This week, the Bush administration is at it again. With the specter of a complete Wall Street collapse hanging over our heads, Treasury Secretary Henry Paulson is seeking 700 billion taxpayer dollars to bail out the financial industry. The legislation he and the Bush administration have proposed* contains one shocking and outrageous section related to executive branch accountability.
Section 8 provides, "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency."
Yes, the Bush administration is asking Congress to give the Secretary of the Treasury the authority to spend $700 billion as he wishes, without any real oversight or accountability. With respect to Congress, the proposed legislation requires the Secretary to merely submit reports about his activities starting three months after the first purchase of mortgage-related assets and semi-annually thereafter. That’s like giving a gambling addict your life savings and asking him to send you a postcard from Las Vegas every once in a while.
If you believe, as I do, that it is time for Congress to actually serve its constitutional function and guide and oversee the activities of the executive branch, please use the following like to send an email to your members of Congress.
http://salsa.democracyinaction.org/o/2165/t/1027/campaign.jsp?campaign_KEY=25969
After you send your email to Congress, please be sure to forward this email along to friends and family or use the Tell-A-Friend option on the American Freedom Campaign site. It is critical that members of Congress hear from their constituents before they adopt any legislation related to this crisis.
Thank you for joining me in this effort.
* Here is a link to the text of the proposed legislation:
http://blogs.wsj.com/economics/2008/09/20/treasurys-financial-bailout-proposal-to-congress/
Comment #17 Posted by: Partly Cloudy | September 24, 2008 08:44 AM
In order to understand what the Federal Reserve really is --you must watch this video called The Money Masters. It will give you the insight as to how a few people are in control of our lives. It is a long video but well worth watching. YOU WILL LOOK AT THE WORLD COMPLETELY DIFFERENT !!
THE MONEY MASTERS
http://video.google.com/videoplay?docid=-515319560256183936
Comment #18 Posted by: Harlequin | December 3, 2008 10:28 AM