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Post by tonywicher on Apr 19, 2013 12:01:57 GMT -5
Thomas Michael Hoenig is a director of the Federal Deposit Insurance Corporation. He took office on April 16, 2012. From 1991 to 2011, he served as the eighth chief executive of the Tenth District Federal Reserve Bank, in Kansas City, United States. In 2010, he was serving as a voting member of the Federal Open Market Committee, as one of five of the twelve Federal Reserve Bank presidents that sit on the Committee on a yearly rotating basis. He is known as an anti-inflation hawk. Hoenig just published an article on the FDIC web site that outlines a real solution to our out-of-control, hyper-inflationary financial system, basically consisting in returning to the tried and true Glass-Steagall standards that governed banking since the Great Depression, standards that were progressively vitiated until we got to the point where we are now. www.fdic.gov/news/news/speeches/spapr1713.html?source=govdeliveryThere is a bill with 53 co-sponsors in he House that would accomplish this, HR 129. beta.congress.gov/bill/113th-congress/house-bill/129/textThe main obstacle to passing this bill and re-establishing these standards is Obama. He is a total Wall Street stooge and a traitor to the New Deal and the tradition of Roosevelt (as well as his country). Most Democrats would long ago have signed on to this bill if they were not following Obama's treacherous lead. |
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Post by topwrench on Jul 6, 2013 15:20:57 GMT -5
URGENT MESSAGE REGARDING U.S. ECONOMY!
On Tuesday, July 2, 2013, members of the Federal Reserve Board testified before congress. The announcement of "BASEL III" was made.
This is an extraordinary admission to the American public and congress that THE FEDERAL RESERVE BANK, takes its orders from the B.I.S. (BANK FOR INTERNATIONAL SETTLEMENTS) once known as "Hitler's Bank.
Located in Basel, Switzerland, B.I.S. controls 155 central banks, world wide, including THE FEDERAL RESERVE BANK. Those 155 banks control the governments in which they are located.
It should be noted that BASEL I, outlined the policies that created the real estate bubble that crashed the American economy. Basel II was the follow-up policy issued by B.I.S. The most important issue in Basel II was the requirement of all member banks to "mark to market." This decreased the bank's lending capability unnecessarily because it reduced the equity holdings of the banks.
Due to fractional reserve lending used by all FED BANKS, lenders (banks) requirements included that they retain 10% equity in order to "lend" 90%. When the equity was reduced, the lending had to be reduced accordingly. Thereby making it impossible for the American economy to recover. A full explanation of how this works is available in John Truman Wolfe's "Crises By Design." It is a short, plainly written account of how, why and when this took place.
The announcement of Basel III is the ultimate disclosure that the United States economy is controlled by a foreign bank (run by gangsters) located in Switzerland. Greenspan, Geithner and Bernanke continue to be the agents of that bank. As such they continue to implement the foreign manipulation of our economy and currency. Designed to undermine any remaining wealth held by middle class Americans, all three work for the B.I.S., extracting the wealth of this country. Keeping in mind that "money is power", the grand design was always to undermine American middle class wealth in order to undermine any power retained in the middle class, to fight the surrendering of American sovereignty.
The only option we have to stop the final blow contained within Basel III, is to IMMEDIATELY RE-INSTATE GLASS STEGALL.
President Obama is complicit in this destruction effort. Choosing Timothy Geithner as U.S. Treasury Secretary, he accompanied the president at the 2009 G20 Summit held in Great Britain where the president signed an agreement to end the dollar as the world reserve currency
Since congress never objected to Basel I & II, there is no reason to expect anything different for Basel III. I believe this is largely due to the ignorance of congressional banking committee members, and/or corruption of same.
ONLY AN OVERWHELMING PUBLIC OUTCRY FOR RE-INSTATEMENT OF GLASS-STEGALL CAN AVERT THE INTENTIONAL DESTRUCTION OF OUR ECONOMY WHICH WILL LEAD TO THE FALL OF AMERICA.
The Dodd-Frank bill is being portrayed as a sufficient substitute for GLASS-STEGALL. Nothing could be further from the truth. See C-Span coverage of the hearing on Tuesday, 7/2/2013 for verification of Basel III disclosure, and know what that means to the American economy.
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Post by topwrench on Jul 17, 2013 17:32:59 GMT -5
For those who are not completely familiar with the reasons we are suffering through this financial meltdown, there is a wonderful series on YouTube.com. Just enter John Truman Wolfe into the Youtube search engine to access it. You can watch as much or as little that interests you since each segment is divided into less than 10 minutes in length.
Coast to Coast Radio interviews John Truman Wolfe who wrote "Crises By Design". Although this is from 2010, the information is invaluable for those who would like to understand what happened, how and why.
As I listened to Ben Bernanke's testimony before congress today, there was a "tremor" in his voice. The congressional committee's questions were more knowledgeable than in the past. Information regarding the FEDERAL RESERVE BANK is more accessible now, so even those in congress are starting to understand and recognize what the bank is and what it has done. Bernanke and Greenspan are employees of the bank, creating economic policy that benefits the bank at the expense of the American taxpayer, disguised as economic advice and recommendations when presented to congress.
Keeping in mind that the FED is NOT part of the Federal Government but calls itself a "quasi-governmental" institution, we may be hearing more about the appointment of a new "FED CHAIRMAN" soon, since Bernanke's term is expiring.
It is important to note that the CHAIRMAN OF THE FEDERAL RESERVE BANK, is chosen by the BANK. His name is transmitted to the president and the president's "appointing" of the candidate is merely a ritual presentation. Congress then "approves" the candidate as a matter of procedure. The name of the BANK and these ceremonial procedures were all designed in the original legislation, to intentionally create the false impression that the FED is part of the U.S. government.
Based on the FEDERAL RESERVE ACT OF 1913, the corporate owners of the bank granted themselves the power to control the American currency and economy even though the constitution contains provisions restricting the issue and control of U.S. currency to the government. Although "congress" approved the legislation, the constitution states that any legislation that violates the constitution is not legal or enforceable.
Thanks to the internet, information about how the FED has intentionally
destroyed the American economy, exposing the banking cartel that dictates to the FED, (Bank for International Settlements located in Basel, Switzerland), you might question the wisdom of having a foreign international bank in charge of issuing our currency and controlling our economy. Generating enormous profits for the bank at the expense of American taxpayers, every time it is announced that Bernanke is "buying" Bonds, using his printing presses (or computer) to create worthless paper, now known as "Quantitative Easing," the amount of currency he creates is added to the bill owed by U.S. taxpayers. The only value in the U.S. dollar is based on the ability of the U.S. taxpayer, to repay the loans from the bank.
Since it is no longer possible to repay the trillions we are said to owe, it's only a matter of time before the bell tolls on America.
Reports that "senior administration officials" have responded to questions about how they plan to deal with the U.S. deficit, the reported response was "We're just going to kill the dollar." Opening the door for the B.I.S., World Bank and the IMF to step in with a new currency called the"SDR" (Special Drawing Rights). Established in 1969, waiting for the right opportunity to be introduced, that is now quickly approaching, it will be the only alternative offered.
The one world bank will operate much like the Federal Reserve only on a worldwide basis. Similarly, there will be no requirements for transparency, no accountability and no competition for business...in other words...no bank statements will be issued.
Having no requirement to "report" or seek approval for proposed policy or interest rate changes, the NEW WORLD ORDER BANK will have the freedom to operate much like loan sharks did in days gone by. It was necessary to completely destroy the U.S. currency & economy before this could be "introduced". President Obama signed the agreement that authorized ending the dollar as the world reserve currency during the G20 Summit, held in Great Britain during September, 2009. Timothy Geithner was in attendance. This adds credibility to recent remarks by senior administration officials.
Since there are no laws that the president and his administration are held accountable to, including the U.S. Constitution, whomever or whatever is responsible for the intentional destruction of our economy is likely the same entity keeping him in office.
If you are interested in how all of this was accomplished, who was involved, and who is responsible, the answers can be found throughout the recorded interview with the author of "Crises By Design", John Truman Wolfe. Since no lawsuits for libel have been filed, it's safe to assume that he speaks the truth.
An announcement was made by Elizabeth Warren yesterday stating that she has introduced a 21st Century Glass Steagall Act to congress, co-sponsored by John McCain. It is the only chance the U.S. has to avoid destruction by foreign sources. Much else needs to be done, but without Glass-Stegall first, nothing else will follow. Call your congressman if you decide it's worth the effort.
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Post by firecracker on Jul 17, 2013 21:16:21 GMT -5
Just a caution here. I don't trust Elizabeth Warren, and John McCain has shown his colors too many times. If the two of them are sponsoring a bill, there is probably a poison pill within. Sorry to be so cynical.
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Post by firecracker on Jul 18, 2013 9:43:57 GMT -5
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Post by topwrench on Jul 18, 2013 17:16:48 GMT -5
It goes without saying that it's hard to trust anything in today's world. Perhaps we'll be able to read the bill and decide if there are any "poison pill" provisions. If no effort to re-instate Glass-Stegall is pursued, our economy will collapse. (I was surprised to see McCain as a co-sponsor of the bill especially after the role he played in the Keating 5 Savings & Loan debacle).
With the tensions building in the middle east, it is abundantly clear that the Israeli, Saudi, British and American alliance is anxious to precipitate WW III. Should thermo nuclear weapons enter the picture, that would accomplish their goal of rapid genocide.
Since it doesn't seem likely that Putin will back down from his threat, the world as we know it, is at stake. Occupation and control of the middle east is essential to the control of the planet according to Zbignew Brzyinski, Obama's mentor.
I can't see Putin allowing the supply of energy resources in that part of the world being controlled by the NWO. We live in interesting times.
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Post by firecracker on Jul 18, 2013 17:35:15 GMT -5
Here's the thing I don't 'get'. We assume that this is a battle for control of oil and other resources. Yet, the former Soviet Union got many of the Nazis just as we did, and surely has access to the information our rogue element has suppressed for so many years. So why doesn't Putin develop these technologies and surge forward beyond the U.S. and push this out, instead of playing this 'game' which seems to be as old as time.
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Post by Zorg51 on Jul 18, 2013 19:24:42 GMT -5
I’m certain when the time is right, they may do so. Aware of the cold war, have much respect for the Russians, there leadership, there capabilities. Do reactive fuels really make flight most efficient? No they do not, there are limitations.
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Post by Zorg51 on Jul 18, 2013 19:27:29 GMT -5
A large part of the manufacturing base of Russia is not in China.
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Post by firecracker on Jul 18, 2013 21:46:26 GMT -5
Yes, isn't that amazing. I'll bet China doesn't manufacture Russia's ammo either! Putin is a smart capitalist.
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Post by topwrench on Jul 19, 2013 11:52:36 GMT -5
RUSSIA has oil to sell, China needs it. Putin will not allow NWO takeover over of mid east oil supply that would block profits to be made from the sale of energy resources.
Remember all the "stan" countries were once part of Russia. The mineral resources are incredibly vast in that area of the world. U.S. military do not want to leave Afghanistan because they believe China will have full access to Afghan resources if the U.S. occupation is ended.
Most of this is a power play for control of energy and mineral resources.
Hearing Dempsey state that they are considering increased military intervention in Syria has nothing to do with protecting human rights. If that was the issue, why is the U.S. supporting and arming the rebel forces who are composed of different factions of Al Quaeda terrorists, some of which openly display cannabalism?
U.S. military cloaked under U.N. peace keeping and "defenders of human rights" guises are assisting in the NWO attempt for control of Syria which is now exposing the role that the Obama administration continues to play in assisting the NWO takeover of this nation and the middle east.
Over the July 4th weekend, Obama quietly issued and signed another executive order granting him authority to control all communications including the internet. Guess he can't risk the truth getting out there...before the dictator who claimed, "I am not a dictator" is ready to declare martial law...
The race baiting by media, ripe with claims there will be protest demonstrations in response to the Zimmerman verdict in over 100 locations nationwide, during the coming weekend, fills the airwaves. Genius planning...setting up the police state...then setting up vulnerable
African Americans for sacrifice to the police state using corporate owned media to implement a potential blood bath.
So much time for propaganda and none to report the most devastating of all Executive Orders, secretly signed during "Independence Day" celebrations. Wouldn't you have enjoyed seeing that presidential smile over his latest accomplishment, during a signing ceremony?
Congressional hearings into NSA spying have now established NSA violations of constitutional law, as admitted by NSA officials, with full intent to continue without regard for the law and executive branch support for the lawlessness...makes one's head spin.
...Yet another testament supporting my theory, "Without accountability to the law, chaos inevitably follows."
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Post by topwrench on Jul 21, 2013 10:13:27 GMT -5
pac.progressivesunited.orgHere's a link with Elizabeth Warren attempting to educate the talking heads on NBC regarding the necessity to re-instate Glass-Stegall. IMHO teaming up with insane McCain gives me cause for concern. If there were no other choices, the importance of getting this legislation co-sponsored in order to bring it up for vote greatly outweighs the means to an end in this case. Educating the public on what Glass-Stegall is and how it protects Bank depositor's savings from being "gambled" and lost by Wall St. investment bankers is the only hope of generating enough public demand for a congressional vote in favor of this legislation. Listening to the "NBC BULLYS" attempting to interrupt with falsehoods that were quickly and factually blown out of the water should clearly demonstrate which side the corporate controlled media propagandists represent. And...it is not the American people who continue to have their wealth extracted by the criminal bankers who pay the salaries of these charlatans.
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Post by jk on Jul 21, 2013 11:12:22 GMT -5
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Post by jk on Jul 21, 2013 11:17:27 GMT -5
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Post by topwrench on Jul 21, 2013 11:48:20 GMT -5
Quoting from "Trends" founder Gerald Celente..."When the people have nothing left to lose, they lose it". European riots, demonstrations and revolutions are not threatened by governments who have legally authorized themselves as mass murderers, as we in the United States have been.
Until the people lose everything, restraint is our only weapon in this country as a means of survival. Until all is lost, we must continue to deluge our elected officials with demands that they pass legislation that can protect and defend those who have elected them and from whom their power and position is derived.
Anything else will expedite executive branch unlawfulness against all U.S. citizens including those in all branches of government. None of whom are exempt from the president's authority to indefinitely detain them, deprive them of due process and/or murder them with no accountability or oversight of any kind. Perhaps they should be reminded of their vulnerability, as well as ours should they continue to fail to act.
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