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[Fword] Think the Federal Reserve is a government institution? Think again. It's a group of privately owned banks that Congress illegally gave the right to print money. Now they print it, loan it to us, then we pay it back with interest. What a scam!
In a stunning victory for borrowers, a New Jersey court has dismissed a foreclosure action filed against the borrowers by Deutsche Bank Trust Company America as alleged trustee for a securitized mortgage loan trust after Deutsche Bank willfully, and despite the entry of three (3) separate court orders, refused to produce documents demanded by the borrowers which included documents setting forth the identity of the true owner and holder of the Note and mortgage, the complete chain of title to ownership of the note and mortgage, payment application histories, and documents as to the securitized mortgage loan trust. The Court had given Deutsche Bank multiple opportunities and extensions of time to produce the documents, but Deutsche Bank continually refused to produce any of the documents requested, resulting in the dismissal of Deutsche Bank’s foreclosure action. The Court also ruled that Deutsche Bank is not permitted to re-file any foreclosure action until it is prep
Congressman Ron Paul questions Federal Reserve Governor Elizabeth
Duke at the House Financial Services Subcommittee on Domestic Monetary
Policy and Technology hearing on July 16, 2009 entitled, "Regulatory
Restructuring: Safeguarding Consumer Protection and the Role of the
Federal Reserve."
The most curious thing is that the absent the half a trillion reduction in foreign bank liquidity swaps the Fed's balance sheet would be in the stratosphere.
My awful fear is that we will do exactly the opposite, incubating yet another crisis this autumn, to which we will respond with yet further spending. This is the road to ruin.
President Obama wants to make the Federal Reserve the 'all powerful Oz' and god only knows what's really behind that idea, since we the 'peasants and serfs' and not allowed to see what is behind the curtain.
The FDIC took four more banks into receivership on Friday, bringing this year's total number of failed banks due to 57. The banks that closed Friday included two in California: Temecula Valley Bank, and Vineyard Bank of Rancho Cucamonga...
Sen. Jim Bunning, R-Ky., related a comment to him by Federal Deposit Insurance Corp. Chairman Sheila Bair that another 500 banks could fail "unless something dramatic happens."
Straight Light
President Obama should stop racial predatory lending and redlining otherwise financial rescue repeats forever at the expense of taxpayers. This Memo also appears in my National Writers Syndicate column.
Straight Light
Historically, many Americans fall for a president that sheds crocodile tears for the “poor”. That’s how bad political conjuring is. This time it could lead to economic collapse.
A new forecast raised fresh doubts yesterday about how strong any
economic recovery might be, as the Federal Reserve projected that the
unemployment rate may surpass 10 percent by year's end and warned that
the economy may not return to full health for at least five years.
The following individuals whose primary goal in life is getting tenure and publishing a textbook, yet believe they have a voice in deciding whether over 300 million American people should know just whose interests the Fed so staunchly protects...
Any kind of bank holiday will push the US$ lower, which may be a bonus benefit to their ongoing scenario of letting the $ fall. Such a fall would get the devaluation they want without having to declare it.
“Radically” different central-bank policy may be needed to change inflation expectations if the U.S. economy starts to resemble Japan’s era of deflation, McCulley wrote. He said the U.S. economy is not currently suffering from deflation.
A force of one: the Federal Reserve By Chuck Norris, cnorris@wnd.com I agree with Judge Andrew Napolitano, who said last week, "We know more about the CIA than we do about the Federal Reserve." The Federal Reserve is the Freemasonry of government agencies. It is a virtual secret society unto themselves – a group of unelected brokers who hold the value of our dollar in the palms of their hands. This one agency, with its power to raise and lower interest rates, has exercised more control over the economy than other government body.
Claims are made that auditing the Fed would compromise its independence. However, by independence, they really mean secrecy. The Fed clearly cherishes its vast power to create and spend trillions of dollars, diluting the value of every other dollar in circulation, making deals with other central banks, and bailing out cronies, all to the detriment of the taxpayer, and to the enrichment of themselves. I am happy to challenge this type of “independence”.
I have been writing for months that I don't think the US can find $2 trillion dollars this year and then come back to the well for another $1.5 trillion next year without serious disruption in the markets. Where do you find that much money...
[summary: Investigating us will cause our economy and dollar to fail and it will be your fault.] The U.S. Federal Reserve launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy.
A top Federal Reserve official warned lawmakers Thursday that intruding on the central bank's long-held independence on monetary policy could raise inflation fears and push long-term interest rates higher.
Mr. Paul has introduced a bill to have the Federal Reserve, the most secretive group of slime in the world, audited. By the way, the Fed is NOT a government institution, but a privately-owned bank by Goldman Sachs, JP Morgan, etc., charged with monetary policy. The Fed was created during a special Christmas session of Congress back in 1913, where very few members even showed up to vote, and has since debased the currency by more than 95% (and counting) while generating wild profits for the banks that own it....
A proposal from a long-time congressional foe of the Federal Reserve that could give lawmakers sway over monetary policy has won the support of a majority in the House of Representatives, alarming officials at the U.S. central bank.
The Federal Reserve Transparency Act of 2009, put forward by Republican Representative Ron Paul of Texas, now has 250 co-sponsors in the House. It will get air-time on Thursday during a congressional hearing on Fed independence that will feature testimony from the Fed's No. 2 official, Donald Kohn.
“They know they’re going to take down a large number of banks and they can’t do it until they’re staffed up,” said Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University.
There hasn't been an audit of the Fed in 96 years. You really didn't think they would allow your representatives to do so now did you?
A Senate amendment based on Congressman Ron Paul’s successful House
bill to audit the Federal Reserve was blocked by the Senate yesterday
evening on procedural grounds, as Jim DeMint slammed the Fed for
refusing to disclose where trillions in bailout funds had gone, while a
top Obama administration advisor called for a second “stimulus” package
to be prepared.
The current figure for money supply is being given as $1.6 trillion. The actual number is $2.34 trillion. The reported number is equivalent to an increase of 16% over the past year. The actual number is equivalent to an increase of 70% over the past year.
A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds...
Three part video series from youtube user pensacotti describing the Federal Reserve, the increase in money supply, and a history of past inflationary countries.
Hi Ernie, My response to headlining my name for a “fan” leaving the site is more brief than usual, but to the point. This would make future “fans” thinking to leave feel better. Another Edwin Sumc
Read Letter
The US economy is lurching towards crisis with long-term interest rates on course to double, crippling the country’s ability to pay its debts and potentially plunging it into another recession, according to a study by the US’s own central bank
While the current money system is less than a hundred years old, few people understand how money is created. Today, paper dollars are issued not as receipts for assets on a one-to-one ratio—as was the original method of early “bankers” known as goldsmiths who stored gold for customers—but through the whims and desires of relatives and agents of controlling families who own the central bank of the United States of America—a private corporation known as the Federal Reserve System. Irresponsible Monetary Policy Monetary policy will create a stable currency or cause money to lose value. Without sound, responsible money supply controls in place, an oversupply of dollars issued in paper or digital en
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