Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Saturday, December 28, 2013

FEDERAL RESERVE AND IT'S ACTIONS AGAINST AMERICA



100 Reasons to shut down the Federal Reserve on its 100th anniversary
Freedom Outpost – Tim Brown – 12/23/2013

#32 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

#38 Overall, the Federal Reserve now holds more than 32 percent of all 10 year equivalents, and that percentage is rising by about 0.3 percent each week.

#40 Most of the new money created by quantitative easing has ended up in the hands of the very wealthy.

#44 Most people have never heard about this, but a very interesting study conducted for the Bank of England shows that quantitative easing actually increases the gap between the wealthy and the poor.

#49 The Federal Reserve system fuels the growth of government, and the growth of government fuels the growth of the Federal Reserve system. Since 1970, federal spending has grown nearly 12 times as rapidly as median household income has.

#55 The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment. Right now, four of the “too big to fail” banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

#59 The Federal Reserve was created by the big Wall Street banks and for the benefit of the big Wall Street banks.

#64 The Fed decides what the target rate of inflation should be, what the target rate of unemployment should be and what the size of the money supply is going to be. This is quite similar to the “central planning” that goes on in communist nations, but very few people in our government seem upset by this.

Northwoods Patriots - Standing up for Faith, Family, Country

Saturday, November 9, 2013

FEDERAL RESERVE AND CURRENCY



Please watch the video to understand the system of currency (or money, as they call it) to understand how this country got into so much debt and so much slavery because of debt. 

The video linked below explains it easily and simply and in 30 minutes.

They use different terminology when explaining fractional-reserve banking and suggest that the 10% withheld from a deposit represents fractional-reserve banking (the 10% is sent to the FDIC to pay for deposit insurance and has nothing to do with fractional-reserve banking which has to do with credit, not deposits), but though fractional-reserve is the primary reason behind the creation of our currency (not money). 

This is an easy-to-understand video.  Please take the time to watch it at least once... and if you really want to understand it, take the time to watch it again. 

It's not that long and it will help you understand the Federal Reserve System.

They don't teach this stuff in school.


If you're going to be angry at the Federal Reserve System and/or the United States Congress or the President, at least make the effort to find out why you're angry.  Find out why your deposit accounts in a bank make you an unsecured creditor of the bank, find out why it is impossible to stop the insane spending without destroying the entire banking system. The video is short and easy to watch.

Northwoods Patriots - Standing up for Faith, Family, Country

BANKING MAY END IN ECONOMIC COLLAPSE

Marilyn MacGruder Barnwall interview - It’s about 10 minutes into the audio file and concludes halfway into the audio file

Economic collapse includes the banks using private savings accounts to bail them out

If the banks take extreme risks with their money and lose, "certain bank liabilities" (i.e. deposits) will rapidly be converted into "regulatory capital" and the banks will be saved.  In other words, the banks will just be allowed to grab money directly out of your bank accounts to recapitalize themselves.  That may sound completely and utterly insane to us, but this is how things will now be done all over the western world.

Northwoods Patriots - Standing up for Faith, Family, Country

Wednesday, October 2, 2013

ODIOUS DEBT MAY BE WRITTEN OFF BY THE AMERICAN TAXPAYER



Blanket Immunity For American Taxpayers… A Plan to Dismantle Debt Lawfully
Veterans Today – Marilyn MacGruder Barnewall – 8/27/2013

Marilyn Barnewall's long article explains, since the Federal Reserve has never been Constitutional but continues to incur 'odious debt' not on behalf of the American taxpayer, that the debt may be written off.  Please read the entire article to better understand the excerpts below.



As I understand what is said in this well researched article, “…if a government becomes despotic and incurs debt not for the needs or in the interest of the State but to strengthen its despotic regime, to repress the population that fights against it,” it sounds to me like all of the quantitative easing from TARP to TALF to the multi-trillion dollar loans made by the Federal Reserve System to Wall Street investment banks and international banks (as well as corporations — $16 trillion alone in 2011), can be considered “odious debt” and stricken from the books – and the backs – of the American (and French, and German, and British, and Greek, and Italian, and Spanish) people.



What the Doctrine of Odious Debt makes quite clear is that a lie has been forced upon the majority of the world’s population by oligarchic élites. They like the concept of a two-class system with them as the elitists, running things, while the rest of us who used to be middle class are shoved into the labor class forced into careers they, not we, decide are best for us.



The question, then, becomes: What debts are “odious” or “immoral,” and which are not? What is an illegitimate debt? President Correa related the Ecuadorian “immoral debt” to violations of that nation’s Constitution. If the Tea Party and Liberty Action Groups have any understanding of the significance of what is being said here, they will find access to constitutional legal and accounting expertise that can answer the question: What debts are odious or immoral? Which debts are not?

In America, we can look at mortgage-backed derivatives and millions of unlawful foreclosures and costing the people trillions of dollars to immediately identify trillions of dollars of property value and profits by banks that can be defined no way other than immoral. Well, perhaps unlawful, too. These debts and the government funds loaned to the banksters that created them and who got bailed out by additional funds from taxes on American citizens can probably make the best claim of “immoral” or “odious” debt of any citizens in the world.

What else might represent “immoral debt?”




As anyone who is familiar with the history of the Federal Reserve Act of 1913 knows, this procedure was not followed. Instead, politicians who supported the concept of a central bank (which America had only briefly on two occasions until 1913) let their opponents go home for Christmas on December 23rd and proceeded to pass this Act unconstitutionally. The Congress cannot, under its own limited power, change the Constitution of the United States. The Federal Reserve Act of 1913 and the banking system that evolved from it have never been constitutional.

Foreign nations should be aware: You may be doing business with an unlawful Corporation if you’re doing business within the Federal Reserve System. The Federal Reserve System continues to be in violation of the US Constitution and not qualified to create debt in the name of the people of the United States of America… the debt of the Fed being thus “immoral” or “odious.” That means it may be debt we, the citizens of this Great Nation, can write off



Northwoods Patriots - Standing up for Faith, Family, Country

Saturday, April 6, 2013

ADMINISTRATION: KILL THE DOLLAR


Very long and thoughtful article.

Intelligence insider:  Obama administration agenda to “kill U.S. Dollar”
The Daily Sheeple - Douglas J. Hagmann – 4/1/2013

The economic agenda: In plain sight

Some might be surprised to learn that the fate of America’s economy has already been determined, verified and announced by the Obama White House.

In 2011, economist Kyle Bass interviewed a senior member of the Obama administration about its planned solutions for fixing the US economy and trade deficit [i].

Among the questions he asked was about U.S. exports and wages, but the question itself was not nearly as important as the response he received from this senior administration official. In fact, this single, seven word response clarifies everything, explains everything, and leaves little else to discuss: “WE’RE JUST GOING TO KILL THE DOLLAR.”

Murder & High Treason

The murder of our national currency, the United States Dollar (USD), is the ultimate agenda to be implemented under Obama. To “kill” our national currency will subvert the United States and destroy it from within.

This begs a number of questions, including what type of Americans would actually have, as their objective, the destruction of our national currency?

To whom do they hold their allegiance, if not to the American people whose life’s work as well as the toil of our ancestors is represented in the form of wealth held in U.S. dollars?

Does this make any sense to us, as Americans?

The answer of course is “no.”

By its very definition, to kill our national currency is an act of high treason by those engaged in this activity. It undermines the very sovereignty and survival of our nation, and will have a life-changing impact on every citizen in the U.S. It will also impact every nation and the people of every nation on the planet, as the USD is presently the world’s reserve currency. It is an act that should result in the filing of criminal charges against the conspirators, a trial of their peers and if convicted, a death sentence. It’s that serious.

According to my source, we are past the point of no return. We will not be able to stop what is coming, but must be wise enough to prepare and “get out of the way.”

The ultimate objective

The ultimate objective is to implement an international currency in tandem with a system of global governance.

Most of the elected officials are onboard with the subjugation of the United States to a global system of governance. Some are actively facilitating this agenda, while others are making nominal objections on the stage of political theater while hoping to earn a seat at the global table.

“Signs, signs, everywhere signs…”

. . . we are engaged in a global war while being simultaneously hobbled by enemy infiltrators from within.

One reason we are seeing new stock market highs is the rush to the dollar from other currencies, especially in the Eurozone. Another reason is the monetization of our debt by the Federal Reserve, despite the previous denials of Ben Bernanke and others.

Simply put, the plan by the globalists, or the central bankers and those behind them, is to create this rush to the USD like passengers from sinking ships to lifeboats. Once the lifeboats are filled to capacity, they will be sunk, and the United States Dollar will be completely worthless.

The level of evil behind this plan is incomprehensible to the normal human mind.

Russia, China, Syria and Iran

As I detailed in my multiple reports about Benghazi, we are at war with Russia. After removing Qaddafi from power in Libya, the Obama-Clinton black-ops plan was immediately put into action. Benghazi was the logistics hub for arming the anti-Assad terrorists by our own State Department covert operatives who were shipping millions of tons of weapons to Syria via Turkey and other staging areas. Russia was aware of our actions, and through the attack at the CIA operations center in Benghazi by proxy forces, exposed this operation to the world while putting a stop to this operation. It seems that everyone except the Western media reported what had taken place.
The “dirty little secret” that explains why we have not been told the truth about Benghazi is quite simple. The efforts to overthrow Assad from power are continuing, except the arms and munitions shipments are now originating primarily from Croatia. Overthrowing Assad would pose a direct threat to Russia, both militarily and economically. Are we to expect Russia’s Putin to simply accept this without response? No. So what is Russia doing to subvert our efforts? He is waging war against America, striking at the weak underbelly of our economy which is the “oil backed” dollar as identified in Michael Reagan’s article, Building on a Kernel of Truth.
Sadly, the Obama regime is doing nothing to protect us from this asymmetrical war. It’s as if they are allowing it to take place.
Although it was reported in The New York Times, few have paid attention to last week’s meeting between Chinese President Xi Jinping and Russian President Vladimir Putin in Moscow, but it was an extremely important event in terms of the planned murder of the U.S. dollar.

An alliance is being forged between Russia and China to replace the USD as the reserve currency, already severely weakened by the policies of those in power, with a gold backed currency. Russia and China are hoarding gold to levels never before seen, while the U.S. issues worthless paper and digital currency backed by… nothing, save for the “oil-backed” scenario.

Just as certain a collapse of the dollar is coming, so will be chaos on the streets of America caused by this plan “to kill the dollar.” The central bankers and the leaders selected to govern each country have effectively used the Hegelian Dialectic [ii] to implement their agenda. Just as stated by George H.W. Bush on September 11, 1990, their predetermined solution of a “New World Order” is being formed before our very eyes. They’ve told us what they are doing, but we have chosen not to listen or failed to understand what was being said.

The U.S. has always been the firewall against the globalists. By their persistence, infiltration of global elitists into our government, and covert subversion from within, we are being led to slaughter. A view from space, looking at the larger picture of events for which many have questions, a clearer picture emerges. There will be some who dare to resist the pillaging of our bank accounts, the erosion of our rights, and the enslavement that comes with the dismantling of America.


Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

Monday, February 18, 2013

TRUST THE FED???? NOT!!!!


Report:  The NY Fed has been quietly bailing out Bank of America?
The Blaze – Becket Adams – 2/18/2013

The New York Federal Reserve has been quietly protecting Bank of America (BofA) from any liability while giving away billions in potential legal claims, according to a recent New York Times article.

From the NYT:

That the New York Fed would shower favors on a big financial institution may not surprise. It has long shielded large banks from assertive regulation and increased capital requirements.

Still, last week’s details of the undisclosed settlement between the New York Fed and Bank of America are remarkable. Not only do the filings show the New York Fed helping to thwart another institution’s fraud case against the bank, they also reveal that the New York Fed agreed to give away what may be billions of dollars in potential legal claims.

The article goes on to explain how the New York Fed has protected BofA from claims brought against it by people affected by the back’s toxic mortgage holdings. 

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Tuesday, February 5, 2013

WHEN THE DOLLAR TANKS


The Bernanke Shock
Townhall – Peter Schiff – 2/5/2013

The financial world was shocked this month by a demand from Germany's Bundesbank to repatriate a large portion of its gold reserves held abroad. By 2020, Germany wants 50% of its total gold reserves back in Frankfurt - including 300 tons from the Federal Reserve. The Bundesbank's announcement comes just three months after the Fed refused to submit to an audit of its holdings on Germany's behalf. One cannot help but wonder if the refusal triggered the demand.

The popular explanation is that the Fed has already rehypothecated all of its gold holdings in the name of other countries. That is, the same mound of bullion is earmarked as collateral for a host of different lenders. Since the Fed depends on a fractional-reserve banking system for its very existence, it would not come as a surprise that it has become a fractional-reserve bank itself. If so, then perhaps Germany politely asked for a seven-year timeline in order to allow the Fed to save face, and to prevent other depositors from clamoring for their own gold back - a 'run' on the Fed.

Now, the Fed can always print more dollars and buy gold on the open market to make up for any shortfall, but such a move could substantially increase the price of gold. The last thing the Fed needs is another gold price spike reminding the world of the dollar's decline.

US investors should be as shocked as the Bundesbank about the Fed's deception. While we cannot redeem our dollars for gold with the Fed, we can still buy gold with them in the open market. As more investors and governments choose to save in precious metals, the dollar's value will go into steeper and steeper decline - thereby driving more investors into metals. That's when the virtuous circle upon which the dollar has coasted for a generation will quickly turn vicious.

Bernanke confesses to Economic Doping  (Video)
This is a cartoon interview – 12 minutes


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Saturday, February 2, 2013

LEGISLATION PROPOSED: END THE FED


Federal Reserve Board Abolition Act Hits Congress
Freedom Outpost – Tim Brown – 2/1/2013

On January 3, 2013 Congressman Paul Broun, Jr. (R-GA) introduced HR 73, The Federal Reserve Board Abolition Act. The thrust of the legislation is to “abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.” It looks like Ron Paul’s consistent cries for dealing with the Federal Reserve have not fallen on deaf ears, nor has the idea dissipated from elected representatives since he left office.

This piece of legislation was not the only one to be introduced. House Bill HR 77, the Free Competition in Currency Act of 2013, was also introduced by Rep. Broun. This legislation seeks “to repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage.”

But Broun wasn’t about to stop there. He also help in pushing two other pieces of legislation: HR 24, the Federal Reserve Transparency Act of 2013, which is put forth “To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States,” and HR 33,


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Monday, May 14, 2012

FEDERAL RESERVE – REFORM OR ABOLISH

Congress Debates the Federal Reserve: Reform or Abolish?
http://thenewamerican.com/economy/economics/item/11320-congress-debates-the-federal-reserve-reform-or-abolish?

New American – Alex Newman – 5/9/2012

In a rare moment of bipartisan unity, lawmakers and economists on both sides of the aisle largely agreed on two points: The Federal Reserve System as it stands is hurting America and something must be done to stop it. Just what exactly needs to happen, however, was the subject of considerable debate during a Subcommittee on Domestic Monetary Policy hearing Tuesday chaired by sound-money advocate and GOP presidential contender Rep. Ron Paul (R-Texas).

 The subcommittee hearing, entitled “The Federal Reserve System: Mend It or End It?”, examined a range of different proposals to reform the nation’s monetary system — it was supposed to look at six different options emanating from both parties. One of the measures on the agenda was Congressman Paul’s own “Federal Reserve Board Abolition Act,” legislation to dismantle the central bank and restore sound money based on market principles.

Several experts who testified before the subcommittee agreed with Paul’s proposals. And while efforts to reform the central bank have persisted for a century, in the wake of the economic crisis — which saw the Fed shower trillions of dollars on domestic and foreign banks — popular outrage has forced the controversy back into the spotlight.

“The Fed simply does not know the ‘optimal’ supply of money or the ‘optimal’ intervention in the banking system; no one does,” explained Dr. Peter Klein from the University of Missouri during the hearing, noting that central banks do not fight inflation — they create it. “Add the standard problems of bureaucracy — waste, corruption, slack, and other forms of inefficiency well known to students of public administration — and it becomes increasingly difficult to justify control of the monetary system by a single bureaucracy.”

This is a long article with a variety of outlooks.

The Reader Comment is worth the read.

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

Sunday, April 15, 2012

THE FED – YES, WE ARE DESTROYING THE NATION'S ECONOMY

Bernanke Admits Borrowing and Spending are Disastrous for Economy
New American – Raven Clabough – 4/13/2012

Federal Reserve Chairman Ben Bernanke declared this week that too much borrowing and spending will eventually destroy the nation’s economy. Of course, a number of others have made similar assertions all along, but coming from the Federal Reserve chairman, who has seemingly attempted to mislead the public on the state of the economy, it is a surprising declaration.

Appearing before the Senate Budget Committee, Chairman Bernanke said:
Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt to foreigners, with adverse long-run effects on U.S. output, incomes, and standards of living. Moreover, diminishing investor confidence that deficits will be brought under control would ultimately lead to sharply rising interest rates on government debt and, potentially, to broader financial turmoil. In a vicious circle, high and rising interest rates would cause debt-service payments on the federal debt to grow even faster, resulting in further increases in the debt-to-GDP ratio and making fiscal adjustment all the more difficult.

What Bernanke carefully failed to mention is that a good portion of that debt is owed to the Federal Reserve. CNBC reported in February:

That’s right, the biggest single holder of U.S. government debt is inside the United States and includes the Federal Reserve system and other intragovernmental holdings. Of this number, The Fed’s system of banks owns approximately $1.65 trillion in U.S. Treasury securities (as of January 2012), while other U.S. intragovernmental holdings — which include large funds such as the Medicare Trust Fund and the Social Security Trust Fund — hold the rest.

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

Friday, April 6, 2012

WHEN THE FED BUYS U.S. GOVERNMENT DEBT, DOES THAT HELP PRESIDENT OBAMA?

Fed is Buying 61 Percent of U.S. Government Debt
The New American – Bob Adelmann – 3/29/2012

In his attempt to explode the myth that there is unlimited demand for U.S. government debt, former Treasury official Lawrence Goodman explained that there is high perceived demand because the Federal Reserve is doing most of the buying.

Wrote Goodman,

Last year the Fed purchased a stunning 61% of the total net Treasury issuance, up from negligible amounts prior to the 2008 financial crisis.

This not only creates the false impression of limitless demand for U.S. debt but also blunts any sense of urgency to reduce supersized budget deficits.

Foreign purchases of U.S. debt dropped to less than 2 percent  of GDP (Gross Domestic Product) from almost 6 percent just three years ago.

And private sector investors — banks, money market and bond mutual funds, individuals and corporations — have cut their buying way back as well, to less than 1 percent of GDP, down from 6 percent.

This serves to hide the fact that the government can’t find outside buyers willing to accept rates of return that are below the inflation rate (“negative interest”) given the precarious financial condition of the government.

IT ALSO HIDES THE IMPACT OF $1.3 TRILLION DEFICITS FROM THE PUBLIC WHO WOULD LIKELY GET MUCH MORE CONCERNED IF REAL, TRUE MARKET RATES OF INTEREST WERE BEING DEMANDED FOR PURCHASING U.S. DEBT, AS SUCH HIGHER RATES WOULD INCREASE THE DEFICIT EVEN FURTHER. FINALLY IT TAKES PRESSURE OFF CONGRESS TO “DO SOMETHING” BECAUSE THERE IS NO PUBLIC CLAMOR OVER THE MATTER, AT LEAST FOR THE MOMENT. 

At some point, reality will click in and investors, Congress, and taxpayers will discover they’ve run out of road. 

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

Tuesday, March 27, 2012

FEDERAL RESERVE NEEDS TO BE EXPOSES


Personal Liberty Digest

30-minute cartoon video that depicts the Fed, our money “system” and our losses.

Watch it and forward it to your friends:


Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

Sunday, November 6, 2011

A SOLVENT STATE BANK VS DEBT-RIDDEN FEDERAL RESERVE SYSTEM


HOW STATE BANKS CAN DE-CENTRALIZE THE FEDERAL RESERVE SYSTEM

And reduce unemployment, lower real estate taxes and fund state government entities according to your state's requirements, with local people and local agencies that know and live in your home state. 

Economic Summit 2011, Colorado, September 10, 2011 – Video is about 45 minutes.

News with Views – Marilyn Barnewall – 3/20/2011 – This article is a summary of the video.
Marilyn Barnewall (state banking expert) discusses the difference between the Federal Reserve System and the State Bank of North Dakota

Marilyn Barnewall is a retired international banking consultant, whom Forbes dubbed the "Dean of American Private Banking". 

A State Bank fulfills an administrative function with a vault that holds the state’s money and keeps the money in state, rather than sending the state’s money to a large bank elsewhere enrolled in the Federal Reserve System.  The State Bank of North Dakota has benefited the state for over 90 years by controlling the state’s monetary system.  States may declare their own sovereignty.

A state bank gives a state alternatives in the event of a Federal Reserve System failure.

In 2012 Colorado may try to implement a state banking system for the benefit of the people over the objections of politicians and big banks.

North Dakota unemployment is less than 4%.


Northwoods Patriots - Standing up for Faith, Family, Country

Monday, October 10, 2011

FINANCIAL CRISIS TIME LINE: BARNIE FRANK AND CHUCK SCHUMER BLOCKED REFORM LEGISLATION IN 2005

Fox News Channel – 9/24/2008 – “Special Report with Brit Hume”


If Fannie Mae and Freddie Mac had been properly regulated years ago, the repercussions in financial markets could have been avoided.

Democratic Representative Barney Frank weighs in and block reform legislation.

ALAN GREENSPAN – FEDERAL RESERVE CHAIRMAN – House Financial Services Committee Hearing – 2/17/2005
“. . .  Enabling these institutions to increase in size – and they will once the crisis in their judgment passes – we are placing the total financial system of the future at a substantial risk.”

DEMOCRATIC SENATOR CHARLES SCHUMER (NY), Senate Banking Committee Hearing, 4/6/2005
“… I think Fannie and Freddie over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world … if you look over the last 20 or whatever years, they’ve done a very, very good job.”

REPUBLICAN SENATOR JOHN MCCAIN (AZ), Senate Floor, 5/25/2006
“For years I have been concerned about the regulatory structure that governs Fannie May and Freddie Mac . . .  and the sheer magnitude of these companies and the role they play in the housing market . . .  the GSE’s (Government Sponsored Entities) need to be reformed without delay.”

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Monday, October 3, 2011

FEDERAL RESERVE RAKES IN BILLIONS

http://finance.yahoo.com/blogs/daniel-gross/banks-struggle-fed-racks-huge-profits-taxpayers-171436518.html?sec=topStories&pos=3&asset=&ccode=


As Banks Struggle, Fed Rakes up Huge Profits -- For Taxpayers -- Daniel Gross -- 10/3/2011
Yahoo.Finance


At the end of 2010, the Fed held $2.16 trillion in mortgage-backed securities, government bonds, and securities issued by government agencies, up from $1.845 trillion at the end of 2009. So for calendar year 2010, comprehensive income — interest on bonds plus about $7 billion in earnings from crisis-era rescue operations — rose from $53.4 billion in 2009 to $81.735 billion. As a result, the Fed transferred $79.3 billion to Treasury in calendar year 2010, up from 53 percent from the 2009 total of $53.4 billion, and more than double the 2008 total of $31.7 billion.

READER COMMENTS:  The FED creates money out of thin air and then uses that to buy treasuries etc. which pay interest. Before paying out any of that profit back to the Treasury, its owners and officers keep any amount of that profit for themselves, no questions asked. They have the authority to do that.

Of course the fed is a money making institution. They make (print) the money! LOL. It doesn't matter if they print the money, loan it out and then keep the interest or just print the money and keep it for themselves. They literally grow money on trees. He also failed to mention the inflationary...

Guess from whom FED MAKES MONEY??
Any fool who can write IOU print money to buy bonds can make interest money!! Wait what if some of those companies go under and bonds become worthless?? That is the problem of Fed Chairman of another day to be written off to tax payers!! BUT TODAY WE ARE MAKING...
More

My buisness would praly make money as well....IF I COULD PRINT IT WHENEVER I FELL LIKE IT!!!!LOL

It's called velocity of money. If enough money changes hands fast enough it gives the illusion of wealth even though the actual amount of money doesn't change.

#$%$ the banks own the FED and the FED is interlocked with international banks. The FED is a private company sanction to create all money out of thin air and loan it to the US government. All money circulated is borrowed into circulation. If it was spent into circulation then there would be no need... More

Read Cullen Roche's paper at Pragmatic Capitalism for a detailed summary.
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Monday, September 26, 2011

WHY WOULD THE FEDERAL RESERVE IDENTIFY KEY BLOGGERS ? ? ?

And Monitor Billions of Conversations?  ALL ABOUT THE FEDERAL RESERVE SYSTEM !

http://www.rightsidenews.com/2011092614581/us/politics-and-economics/the-federal-reserve-plans-to-identify-qkey-bloggersq-and-monitor-billions-of-conversations.html?utm_source=Right+Side+News&utm_campaign=2d6d006773-daily-rss-newsletter&utm_medium=email

Right Side News -- 9/26/2011 --

The Federal Reserve Plans to Identify "Key Bloggers" and Monitor Billions of Conversations

The Federal Reserve Plans To Identify "Key Bloggers" And Monitor Billions Of Conversations About The Fed On Facebook, Twitter, Forums And Blogs

The Federal Reserve wants to know what you are saying about it.  In fact, the Federal Reserve
has announced plans to identify "key bloggers" and to monitor "billions of conversations" about the Fed on Facebook, Twitter, forums and blogs.  This is yet another sign that the alternative media is having a dramatic impact. 

In other words, the Federal Reserve wants to develop a highly sophisticated system that will gather everything that you and I say about the Federal Reserve on the Internet and that will analyze what our feelings about the Fed are.  Obviously, any "positive" feelings about the Fed would not be a problem.  What they really want to do is to gather information on everyone that views the Federal Reserve negatively.  It is unclear how they plan to use this information once they have it, but considering how many alternative media sources have been shut down lately, this is obviously a very troubling sign.

Hopefully you understand this already, but nothing posted on the Internet is ever anonymous.  Everything on the Internet is gathered by a vast host of organizations and is used for a wide variety of purposes.  Data mining has become a billion dollar industry, and it is only going to keep growing.

You may think that you are "anonymous" when you criticize organizations like the Fed, but the truth is that if you are loud enough they will see it and they will make a record of it.

Recently, a very creepy website known as "Attack Watch" was launched to gather information on those saying "negative" things about Barack Obama.
Suddenly, everyone seems obsessed with what you and I are saying.
This just shows how the power of the alternative media is growing.

Northwoods Patriots - Standing up for Faith, Family, Country - northwoodspatriotscomm@gmail.com

Tuesday, September 20, 2011

HOW 'MAINSTREAM' ECONOMICS MIS-EDUCATES ABOUT MONEY AND THE FED

http://www.youtube.com/watch?v=VTs2ttdKatQ&feature=player_embedded

Thomas DiLorenzo -- 45 minute YouTube video -- 11/13/2010
Presentation at Mises Circle at Furman University
"The Coming Currency Crisis and the Downfall of the Dollar"

Central Banks around the world gave birth to the most evil political trends in the world,
communism, socialism, facism, nazism, despotism . . .

Mises.org

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Friday, September 16, 2011

THE INSIDIOUS TRUTH ABOUT FEDERAL RESERVE POLICY


September 15, 2011
By Shah Gilani, Capital Waves Strategist, Money Morning

So far, U.S. Federal Reserve policy has done nothing to help the economy. To the contrary, it's actually been quite destructive.

There are two reasons why Federal Reserve policy hasn't worked:

First, the Fed's artificially low interest rates are handicapping the economy.

Second, Bernanke is telegraphing Fed policy decisions to the markets, giving speculators an edge over investors.

By keeping overnight lending rates between 0.00% and 0.25%, banks can borrow at next to nothing and buy risk-free U.S. T reasury securities that yield a lot more than their financing costs. The result is a "positive interest rate spread," which is the basis for banks' revenues and profits.

Additionally, banks can borrow more money by using their Treasury securities as collateral for overnight and "term" loans. Then they use the cash they borrow to buy more Treasuries. They do this over and over again to leverage themselves.

Essentially, banks have become giant hedge funds that finance their "trading books" with virtually free money, courtesy of the Fed's zero-interest-rate policy.
Furthermore, the Fed is exacerbating this problem by telegraphing its moves. This happened most recently when the Fed announced its intentions to keep interest rates low for the next two years. And it may happen again after next week's Federal Open Market Committee (FOMC) meeting.

KEEP READING THE ARTICLE ON LINE

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Sunday, August 28, 2011

KEYNESIAN POLICY - COLLAPSING BECAUSE IT'S THE WRONG POLICY

Right Side News – 8/27/2011 –  Lew Rockwell

In the market economy, there is a long-run tendency for errors to be corrected and replaced by different practices that uplift the people. In government, there is a long-run tendency to keep trying the same thing again and again, no matter how often or how badly it fails. Keynesianism is, after all, as Joseph Salerno points out, the "economics of state power." And that guides us to the foundational problem: the monopoly entity that rules and devastates society for its own benefit.

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FREEDOM AND ECONOMICS

FREEDOM AND ECONOMICS
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