antichrist

my Jehovah Witness friend is also into this conspiracy but he is a dunce - why are you intelligent blokes in the same camp as him?

Axiom

He just might know more history than you .

google : "Jekyll Island fed reserve"

__________________
"Sometimes the obligation of the intelligent is to restate the obvious. None more important than emphatically stating that there is a : ' Naked Emperor Elephant in the Room' " Axiom

Axiom

America: From Freedom to Fascism (2006) | Spy Witness News

__________________
"Sometimes the obligation of the intelligent is to restate the obvious. None more important than emphatically stating that there is a : ' Naked Emperor Elephant in the Room' " Axiom

Axiom

Link this also to the democracy illusion thread too


Nobel Prize-Winning Economist: Federal Reserve System is Corrupt and Undermines Democracy


Washington’s Blog
March 5, 2010

Joseph Stiglitz – former head economist at the International Monetary Fund (IMF) and a nobel-prize winner – said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.

Stiglitz said:

If we [i.e. the IMF] had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure.

Stiglitz pointed out that – if another country had presented a plan to reform its financial system, and included a regulatory regime that copied the makeup of the Federal Reserve system – “it would have been a big signal that something is wrong.”



Stiglitz stressed that the Fed banks have clear conflicts of interest, since the banks are largely governed by a board of directors that includes officers of the very banks they’re supposed to be overseeing:

So, these are the guys who appointed the guy who bailed them out … Is that a conflict of interest?

They would say, ‘no conflict of interest, we were just doing our job. But you have to look at the conflicts of interest”…

The reason you talk about governance is because in a democracy you want people to have confidence … This is a structure that will undermine confidence in a democracy.

Indeed, by all objective measures, the Fed has performed horribly (and see this).

As 6 congressmen wrote last November, there are at least 4 reasons to demand full transparency of the Federal Reserve, and a change in the Fed’s structure:

First … how effective a regulator can the Federal Reserve be if it is unwilling to strive for good public policy through its regulatory powers?

Second, there is an inherent conflict in the manner in which regional reserve branch presidents are selected – in that representatives of the member banks select the regional president. It seems counterproductive, yet the banking system has provided case after case of regulated entities selecting their own regulator.

Third, the Federal Reserve has continually resisted efforts to engage in discussion on structural and governance reform at the System. Most recently, Bloomberg reported yesterday that the Federal Reserve has rejected a White House request that [the Federal Reserve] conduct a public review of its structure and operations.

Despite a request from the administration that provided ample opportunity for the Federal Reserve to have input into its own reforms, the central bank has simply refused. It is because of this attitude that I argue that real financial regulatory reform cannot occur without an examination into the structure of this entity.

Fourth, and most importantly, the Federal Reserve has shown a repeated unwillingness to accept efforts to improve transparency for the System.

Nobel Prize-Winning Economist: Federal Reserve System is Corrupt and Undermines Democracy

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"Sometimes the obligation of the intelligent is to restate the obvious. None more important than emphatically stating that there is a : ' Naked Emperor Elephant in the Room' " Axiom

Iconoclast

I have bit of time for Stiglits. I saw this interview which is well worth a look.

__________________
The individual is hopeless without the group.
The group is hopeless without its individuals.

WarriorOnTheEdgeOfTime

The Federal Reserve Cartel: The Eight Families


(Part one of a four-part series)

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

WarriorOnTheEdgeOfTime

9 Trillion Dollars Missing from Federal Reserve | Global Research TV


9 Trillion Dollars Missing from Federal Reserve
by grtv

This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.

Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.

More information on Alan Grayson's sources:
Bloomberg.com: News

Website of the Federal Reserve Office of the Inspector General:
FRB: Office of Inspector General

Just2Good

He said one trillion went missing, not nine. And it also didn't go missing, it was loaned to other parties.

That's no big deal, countries extend loans to other countries all the time.

__________________
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"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."

~ Buckminster Fuller ~

WarriorOnTheEdgeOfTime

PLUS The off balance sheet transactions ! watch it all .

Originally Posted by Just2Good

That's no big deal, countries extend loans to other countries all the time.

yeah , who cares if its transparently tracked or not !

Just2Good

http://www.prisonplanet.com/the-federal-reserve-saves-the-stock-market.html

The Federal Reserve has saved the stock market! Well, at least for a day. That was one heck of a “dead cat bounce” that we saw on Tuesday. Normally, after the kind of dramatic decline that we saw on Monday there is some sort of a rebound, but on Tuesday the market did not begin to soar until the Federal Reserve pledged to leave interest rates near zero until mid-2013. Once the Fed made their announcement, the market went haywire. At one point the Dow was down more than 200 points, but by the end of the day it was up 430 points. It was a desperate move for the Federal Reserve to pledge not to raise interest rates for the next two years, and it has stabilized financial markets for the moment. But what is the Fed going to do to save the stock market when it starts crashing next week or next month? The underlying financial fundamentals continue to get worse and worse. Europe is a mess, Japan is a mess and the United States is a mess. The Federal Reserve can try to keep all of the balls in the air for as long as possible, but at some point the juggling act is going to end and the house of cards is going to come crashing down.

This move may calm nerves for a day or two, but there is still a tremendous amount of fear out there at the moment. Many investors are pouring money into “safe havens” right now. Huge amounts of cash are being poured into U.S. Treasuries and the price of gold is absolutely soaring. The price of gold is up about $220 in just the last 30 days alone.

So how high could the price of gold go in the coming months? Well, analysts at JP Morgan are forecasting that the price of gold could hit $2,500 by the end of this year.

Yes, that is how wild things are becoming. The Federal Reserve is painting itself into a corner. Never before has the Fed pledged to leave interest rates near zero for the next two years. The following is an excerpt from the statement that the Fed released earlier today….

To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent. The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.

Needless to say, the rest of the world is not pleased by this nonsense from the Fed. Yes, the Fed has stabilized financial markets for the moment, but a lot of ill will is being created with the rest of the globe. The following is what Bruce Krasting had to say about how the rest of the world is going to react to this latest Fed move….

Brazil, Argentina, Korea, Indonesia are going to scream bloody murder over perpetual ZIRP. Russia is likely to get downright ugly with their rhetoric. I wouldn’t be surprised if they took this opportunity to vote with their feet and just abandon the dollar as a reserve holding. China will also make noise. They will make more calls for a new international currency to replace the dollar. The Central bankers in Japan and Switzerland are puking in the trashcan over this. Bernanke is exporting US deflation to them. Shame on the Fed for pursuing Beggar my neighbor policies. They deserve all the global criticism they are about to get.

The Federal Reserve is using up all of the ammunition it has available and the game has barely even begun.

Things are going to get a lot worse. The U.S national debt continues to pile up at lightning speed. The debt ceiling deal essentially does nothing to fix our debt problems. Thousands of businesses and millions of jobs continue to leave the United States. As a nation, we are constantly becoming poorer and we are constantly getting into more debt.

Meanwhile, Europe is on the verge of a financial meltdown and Japan has a “zombie economy” at this point.

Many fear that we could be on the verge of another major global recession. The following is how a recent Der Spiegel article described the current global financial situation….

Many economists have been pointing out that last week’s panic resembled the fear that swept financial markets after the collapse of US investment bank Lehman Brothers in September 2008.

Then as now, banks stopped lending each money. Then as now, banks’ cash deposits at the central bank doubled within days. The European Central Bank reacted by assuring banks of unlimited liquidity in the coming months. It was an emergency measure that led to short-term relief but sparked anxious questions among bankers and stock market players. How long can the central bank keep up its market-soothing liquidity operations before it finally loses its credibility, the most important asset of a central bank? Is the financial crisis about to escalate?

In the old days, the U.S. and Europe could just borrow gigantic stacks of cash in order to solve any problems. But now things are dramatically changing.
China’s official news agency recently stated that the U.S. needs to understand that things are different now….

“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone”

Not that the U.S. government and the Federal Reserve are going to suddenly give up their old habits. The U.S. government is addicted to debt and the Fed is addicted to printing money. When push comes to shove, they are going to resort to their favorite tricks.

But at some point the rest of the world is not going to play along anymore. When that moment arrives, it is going to be very interesting to see what happens.

Meanwhile, the U.S. economy continues to slowly unravel, and people in this country are getting very angry. Millions of Americans families are barely scraping by right now. Most Americans just want someone to “fix” things, but unfortunately there are no easy “fixes” to our financial problems.
As our economic problems grow even worse, frustration inside the United States is going to continue to escalate. A brand new Rasmussen survey found that only 17 percent of Americans now believe that the U.S. government has the consent of the governed.

That was a brand new all-time low.

Faith in the major institutions of our society is already dangerously low and the economy is not even that bad yet.

As horrible as things are now, the truth is that this is rip-roaring prosperity compared to what is coming.

In the months and years ahead, America is going to be greatly tested. As the recent London riots have shown, things can spiral out of control very quickly.
When the economy completely collapses will America be able to handle it?

__________________
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"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."

~ Buckminster Fuller ~

- V -

» Alert: Federal Reserve Tries to Censor Infowars Video Alex Jones' Infowars: There's a war on for your mind!


Infowars
October 16, 2011

Alex Jones addresses the latest intimidation tactic from the private Federal Reserve bank, whose San Antonio branch has filed a privacy violation with You Tube demanding the removal of a video filmed at the location during an “occupy” rally. Alex tells them cease and desist this action, which violates the First Amendment.

Federal Reserve branches across the country have a long history of trying to stifle free speech and press coverage, from fraudulently claiming that filming its buildings is illegal to threatening arrest and more.



“I will cover this in more detail on the radio Monday, but I cant take the Bankster Fed pushing people around any more! Now the Fed wants to take down the video where we prove the Federal Reserve is a private bank impersonating a Federal agency. The Fed is the fraud that gives the globalist their power.” Alex Jones.



We have received a privacy claim by agents of the FED. They are threatening to remove the video and take down the channel within 36 hours if we don’t bow down to their demands. Alex is preparing a video response later and will talk about this more on the (Monday Edition) of the Alex Jones Show. Alex is also looking at taking legal action against the Privately owned Federal Reserve for violating his crews first amendment rights when they were shooting film at a world war one memorial back in April 2009. (See Video below).



Alex was also harassed by the military when he protested the Dallas Fed back in Nov, 2008.
(See Video Below). On November 22, 2008, Alex Jones led a rally at the Federal Reserve Bank in Dallas Texas. The Dallas protest is specifically mentioned in the official Army document. Ron Paul’s brother was also in attendance.




MORE REAL BANKSTER NEWS :
World Dumping US Treasuries At Incredible Rates
Dylan Ratigan - America Is Being Looted ('Extracted') - Vid
Kirwan - The Greatest Heist Of This Century
$600 Trillion Derivatives Bomb Set To Explode
Bill Gross Declares That The Economy Is Doomed
Megabanks Trying To Prevent US Bank Run
[ Jeff Rense Program ]

__________________
"Few have the stomach to pursue truth , yet most know in their gut something is wrong" V

"But everyone knows the media doesn't inform. Duhhhhhh !! "

- V -

John-F-Kennedy.net - John F. Kennedy vs The Federal Reserve

__________________
"Few have the stomach to pursue truth , yet most know in their gut something is wrong" V

"But everyone knows the media doesn't inform. Duhhhhhh !! "

antichrist

what is Alex JOnes' day job, is he related to Jfk? or LBJ or Jimmy Jones or even tom

The Seeing

What is it with you and your depraved relationship with mindless garbage ??
Well ....??

antichrist

well there was a one hour program on JFK last night on sbs and they did not mention your Alex Jones so he is a nobody