Will the Fed's QE3 Cause Massive Inflation?

Podcast/Article: White Discusses Fed Policy, `Unintended Consequences' (Audio) URL: http://media.bloomberg.com/bb/avfile/vmhOZDcRBLFg.mp3 Description: This content comes from: Bloomberg On the Economy URL: http://www.bloomberg.com/tvradio/podcast/ontheeconomy.xml

Is Hillary in Danger? How American Diplomats Are Being Targeted and the US Does Nothing

America has been humbled.  It clearly is not the superpower it pretends to be.  Inside the US we talk tough and make high powered military equipment that could destroy the world over several times. Our capitalist corporations sell those weapons all over the world, no matter how seedy the buyer... and our government does nothing to stop them because they are on the take, bribed, corrupt.

Our banks have managed to build such a friendly relationship with the Federal Reserve and other regulatory agencies that we forgive obligations and regulations while sending billions overseas to prop up foreign governments. And we wonder why we are broke? We suspend all those rules and justice for our banks while they gamble on foreign elections ,and finance the drug and arms trade all around the world... and our government does nothing to them.

Our government does allow domestic and foreign pharmaceutical companies to peddle drugs invented by Nazis brought over during Operation Paperclip to our doctors while allowing not-for-profit hospitals all over the country to charge horrendous prices for extensive procedures and addictive prescription drugs (that have more side affects than the original problem we were trying to solve) and write off the "losses" when the health insurance company doesn't pay so they can avoid paying taxes.

Meanwhile the health insurance companies in the PPO system tell us we have pre-existing conditions while they lather they administration and directors in wealth.

We are supposedly broke and Obama's healthcare proposals do absolutely nothing to solve the healthcare industry wellness problem nor does it do anything to improve the financial problem associated with our aging society.  Why is that not discussed anywhere in the healthcare debate?  There are 70,000,000 baby boomers retiring and our social programs and economy are stressed because of it.  Not to mention that every time we even think of recovering the price of oil spikes and American consumers run up against a cash flow problem.

You will find that information NOWHERE except on #CapitalAccount with @laurenlyster.  (I have to get my news from YouTube because the Boob Tube is feeding me the Purina of dogfood and if you have a dog you know that is misinformed bullshit.)

We tolerate market manipulation of enormous proportions like the one "discovered" recently with the LIBOR scandal so that the banks can continue buying our bonds to prop up a government hellbent on spending itself into bankruptcy.  Meanwhile average homeowners and citizens are treated like consumers and debt slaves as the money printing and fractional reserve banking flood our markets creating higher prices creating mal-investment.

Now on top of all that our diplomats around the world are being attacked or assassinated and our military sends a frickin aircraft carrier towards Benghazi?  That's like dropping bombs on all of Iraq when all you wanted to do was get Hussein back under your thumb.

What do we expect? We are after all imposing sanctions on Iran supposedly to stop their nuclear weapons program even though our own CIA has declared it dead in the water.  How often do sanctions lead to war? Hmmm.  Think back to World War 2.  Why did Japan send kamikaze suicide bombers to attack Pearl Harbor? Because they were desperate after we cut off their access to oil in Asia.  And now we are being invited by Netanyahu to bomb Iran? We've barely finished the war on terrorism and we are going to start anyother war to keep them from trading oil for Euros or gold? That's what Libya was all about - gaining control of their central bank and redistributing the oil wealth.

Either US troops or foreign national troops should be patrolling the streets outside our embassies at this very moment or bring EVERYONE home!  Not just our troops, but our defense contractors, oil contractors, all those that are working for the establishment as Economic Hitmen.  Pull them back, put them on stage, on trial, on record, on CSPAN and let's have an honest and open discussion in this country on live television and the Internet with intellectuals, Presidential candidates, economists, economic hitmen, and investigative journalists.

Let's discuss the 9/11 documentary that aired on PBS recently.  It is supported by thousands of Americans who still know that 11 Muslim terrorists from Saudi Arabia did not commit the atrocities of 9/11 alone. They had help.  That's why you have to see this PBS documentary.

You must WAKE UP and realize that the USA is about to hand over the baton to China and we have to make sure it is done gracefully like the British after World War 1 and 2.  Otherwise the war hawks from the right and the left are going to push us into a very destructive war with China or Iran from which we may not recover.  Remember Hitler began to lose when he over extended himself into Russia and Northern Africa and Western Europe.

Someone is trying so very hard to persuade us into war.  And that is probably why someone was instructed to make the film and present it to Muslims in Libya.  To piss them off.  To stoke the fires of war.  To provoke Americans to seek REVENGE! That is if you believe that a simple film was sufficient to warrant the attack.  But what if there were other reasons not published? We must look like such fools chasing after Osama Bin Ladin and a dozen other CIA assets like him for 10 years, bombing everything in sight along the way.  We trained him, like we did Saddam Hussein and every other tyrant around the world from Noriega to Gaddafi, to the Shah of Iran, and we have seen how all of those turned out.  DEAD.

My guess is that everyone else in the world knows who was really behind the massacres of 9/11.  Ask the foreigners around you.  Find out what they say.  Especially ask those who have only lived in the USA for a few years.  But don't worry, not only Americans are deprived of access to the truth about geoplitics, democracy, and capitalism.  You will find some of your foreign friends fools as well.  Many of them are frustrated like you and I because deep down they know that we are acting like European colonialists and bombing countries around the world not for democracy, or to save the world or some liberal BS like that.  We are opening up new markets for our companies to exploit.  That's fascism baby! Not capitalism.  How many bases do we have around the world? And yet we can't protect our diplomats?  Does that mean that even Hillary Clinton is in danger? Maybe we should ask Bill.  They both seem to be insiders anyway, protected by some sort of creed.

Let's face it.  The scam is pretty enticing.  You and I have fallen for it here.  We all got excited by the ability to get loans out the ying yang.  Shit it's the only way to keep up with the Jones'.  Every corporation in America and the world suffers now that we are not falling further into debt.  American consumption, driven by media madness, has found limits.

It's called Capitalism by some but those of us on the inside call it something else.  We know that corruption is government intrusion into market efficiencies in the form of regulations.  We are playing a monopoly game where the rules are fixed and we can't win unless we sell our soul to the devil and work our way inside their secret societies.  And who better than to take advantage of both government bureaucracy and corporate greed, well of course you know what I am going to say... the Federal Reserve, which is a damn good reason to audit them.  Let's hope the Senate ratifies the bill being presented to them this very month.  Let's see what free money the Fed is passing out in secret.  I assume those are not State secrets.

We recently almost lost 2 CIA agents in Mexico.  They were in a bullet proof car marked with diplomatic plates and a group of Mexican police shot at them.  No once, or twice, but hundreds of times.  The intent was to kill, not to scare.  But the Americans got away without firing a single shot.  Hmmm.  Do we still give "aid" to Calderon? The real question is, where did the weapons come from? The ATF, the CIA, our arms dealers, or Russian arms dealers, or maybe even Israeli arms dealers.  Who gave the order? That's an important question.  Did Calderon know about the attacks beforehand? Or was it a surprise like the grenade attacks in Morelia in September 2008 when our banks happened to be going broke.  Was that a warning from the drug kingpins to follow their instructions or their would be blood? Since then over 50,000 people are dead.  Hmmm.

Now, we have a low budget film put together by a completely unknown individual who says he is Israeli real estate developer working with Jewish financiers to make a film about a 2000 year old Egyptian man, so were are told by one of the actresses.  Hmmm.  Sounds divisive! (you know from Divide and Conquer) .  It was put together in California and placed on YouTube or somehow distributed to locals who got so pissed that we made a film about Muhommed that they stormed the American embassy for 2 days with weapons.  They weren't even afraid of our response?  They weren't afraid of getting caught? They have tolerated our oil companies, military, and bankers for a little over a year now since we destroyed their country with a civil war and this little film puts them over the edge?  Hmmm.  What to believe.

Let's see what the press says over the next few days.  If there is a trail to Iran then it was the Mossad working for the Zionists of the Lukid party who are trying to provoke the USA into war with Iran.  Can't they see we are too busy supporting Al Queda in Syria? We've got our hands full.  Obama is putting them off until after the elections and Romney has gone so far as to GO TO ISRAEL and beg for their contributions, or tacit support, or even make a deal with them.  He is a pitbull who made Bain Capital.  He is not going to let this opportunity fall by the wayside after his mother failed her Senate run.  It is time for his dynasty to have its day in the sun.  Mitt Romney will not weep the sorrows of his father's political failures.  He wants to be President.  Or does Obama want it more?  The bankers aren't taking any chances.  They are placing their bets on both sides, funding both candidates.  

No matter what we do around the world China will say nothing.  Mainly because they are not as big of hypocrites outside their own country.  I mean Tibet is a HUGE source of natural resources and the Beijing lead crowd is encroaching.  Putin will speak some truth but we will probably never hear it.  he Europeans will say nothing since they are afraid we will continue to tighten the noose in the currency wars and strangle their economy.

The Ambassador went BACK to the embassy and was killed there.  For 2 days the embassy was attacked and we didn't lift a finger to help them? That's worse than our 9/11 response.  I thought we could send in drones to any part of the world.  Maybe they were busy dropping bombs on Yemenis or spying on French banks or the German high court so that JP Morgan or Goldman Sachs or Lehman Brothers (they are back by the way) could get the better edge in the trades after the markets opened but before the announcement that the ECB can print money like the Federal Reserve.  Surprise!  More money printing and the stock markets goes to al time highs again.  Kaching.

So who will answer these questions? Who's opinion can we trust? Who has been an honest stalwart for responsible government?  Ron Paul.  But of course our media wouldn't let him have the spotlight.  He would take away all their defense contracts and privileges by introducing sound money.

Anyway, perhaps we can still ask him for his opinion.  We hope he will share.

Texas Straight Talk 888-322-1414

What is the industrial hemp bill and why does it affect you?

Yeah, most of you thought I was going to talk about marijuana, right? No.  Actually I want to talk to you about industrial hemp.  No no wait. Don't go to sleep, dont turn away.  This is really and truly a modern prohibition against a non narcotic plant that was mistaken by Congress as the weed that the drug cartels have delivered for centuries.

The industrial hemp bill will take non-narcotic industrial hemp off of the list of severity 1 drugs by the federal drug administration.  Growers of this plant, similar to early Americans like Thomas Jefferson, the Cherokee, or whoever else was growing the plant in the territory now known as the United States of America, Mexico, and Canada, could once again grow the plant and sell their harvest without fear of prosecution, arrest, or disdain.  They could once again grow a crop that was not only profitable, but healthy for every single ecosystem of life on the planet.

Sort of like those farmers that got a special license to do so during the second world war.  Yes, you read right.  The DEA, CIA, FBI, ICE, DOJ, local police and every other legal institution is making a profit from the illegal drug trade and they all stand firmly against this farm bill and the legalization of hemp.  However, during a war we suspended all notions of liberty, civil rights, free citizens, and caution and switched nearly every industry in the country over to produce a war machine.  It is was harmonic because obviously the US war machine has never been shut down.

But at the time we needed hemp for sailors uniforms, hemp seed for food and fuel for the navy ships, we launched special government propaganda campaign to provide licenses to certain people to grow hemp, but strictly for war purposes, and as soon as the war was over, their charter was taken away.

Read more about the industrial hemp bill under the hashtag #hemp4victory.

  

Jimmy Carter, Geopolitics, and Energy Transition

Listen to what Jimmy Carter says.  Do you think Obama, Bush, or Romney could be that honest?  No wonder there was an October surprise to make him a one term president.  He couldn't be bought.  Just like Ron paul and yet Americans will not even get their chance to vote for Ron Paul (with the exception of the write-in).

Now ask yourself.  What global political and economical events seem to occur together.  Think.  War, political unrest, oil price swings, economic downturns, drug wars, scandal, and crime waves.

Sound familiar? This is happening NOW and Americans don't even know it.

Geopolitics, Energy, The Petrodollar, and Financial Warfare

How different is today from the 1970's when we were so fragile that Saudi Arabia and OPEC cut us off from their oil? That was a direct response to the foreign policy we maintain of supporting Israel no matter what they do to others.

Listen to Lindsay Hall and hear the geopolitical scenarios that could happen and think through the repercussions.  Now, assume that the economy will tank when oil goes to $140 a barrel and that banks will collapse, credit markets freeze up, and companies that are leveraged stop making payroll.  BAM! Unemployment goes from a reported 8.1% to 12% in less than 12 months.

Then listen to Stephen Leeb and hear his argument regarding scarcity, prices, and interdependencies of iron ore, copper, silver, photo voltaic, food, water, energy, poverty, the economy, and the economy in general.

Demand that the Senate Debate 3501, Senator Wyden's companion bill to H.R. 1831, the Industrial Hemp Farming Act of 2011

Imagine the possibilities of an economy that grows this powerful plant.  We can produce cars from hemp like Henry Ford tried to do before World War II.  We can make biofuel 10 times more efficient than corn ethanol and 100 times cleaner than petroleum, and we dont have to go to war in another country to get it.




Click here to send a letter or call your senator to demand they support this bill.  There is no logical explanation for prohibition other than twisted politicians and businessmen conspiring to profit from oil and war.

The Greatest Battle of the Senate in the 21st Century

You must push the Senate to debate the Audit the Fed Bill submitted by Ron Paul.

Global Censorship of Mexico at War for Democracy #FastandFurious #DrugWar #Infowars

Even the Guardian is involved in the global censorship business, working for the powers that be, witholding vital information about Mexico from the world.

See this article was supposed to be about how Pena Nieto, the President Elect from the PRI in Mexico is working with the existing President Calderon, of the PAN party to make civil protest illegal.  That would be because the people are completely aware of the fraud that is being perpetrated on them and they are scared, angry, and frustrated.  They have taken to the streets before and when they really get pissed, there's a revolution.  CNN Expansion is covering the story with their usual American slant.

But not this time if Pena Nieto gets his way.  No.  This time there will be no revolution.  The wealthy elite led by Carlos Salim Helu gets his way.  Or perhaps it is so the CIA will be able to maintain their stronghold on the illegal arms, oil, and weapons business.  Maybe its because the wealthy elite of Mexico act just like the bastards that control the White House, Congress, the Senate, and Wall Street here in the United States.  The same bastards that control our Federal Reserve and central banks all over the world.  Maybe it was them.  Maybe they are acting alone.  Either way, should the world just sit by and watch while Mexico gets pummeled into the 16th century? The rule by the 1% is back.  Mexico has thrown them out before, but do they have the guts, the courage, and the stamina to kick them out again?

Call them what you will, but I call them organized crime syndicates, cartels, family dynasties, monarchies, royalties, aristocrats, and fat greedy bastards.  The money masters of the 21st century.

Perhaps there will be justice...

RT: [eksit101] Is the #ENDTHEFED victories the October surprise? Just all seems fishy. #NWO #RESTORETHEREPUBLIC http://t.co/UXpSahotsE f...
— #New World Order (@nwohashtag) October 1, 2013

Could Student Loan Debt Be Hindering the Housing Recovery?

Housing is not going to recover like the pundits would have you believe.  For a partial summary of the evidence, listen the Bloomberg radio podcast on housing linked below.

Harvard's Glaeser Discusses National Housing Trends (Audio)

Aug 28, 2012

Edward Glaeser, professor of economics at Harvard University and a Bloomberg View columnist, says that national trends in housing continue to be a relatively poor guide to local markets. Glaeser speaks with Bloomberg's Carol Massar and Michael McKee on "Bloomberg On the Economy."

Then look at this chart.

Any chance that all the recent grads with minimum wage jobs or no jobs are going to pay back their massive student loan debts and buy a home with 20% down.  Don't even get me started on the scandal that is FICO credit scoring.  Anyone impacted by the crisis of 2008 knows it will be another 3-4 years before they can buy a house ASSUMING they have a solid well paying job and good credit.

This chart was taken from Zerohedge.com, an absolute source of truth for the financially saavy, or those that want to be, like me.

RNC Nominates Obama Twin, Romney, Continue the Status Quo

Yes, YOU, the 99% will pay your hard earned taxes to support a government that does absolutely nothing to your benefit while the plutocrats continue to divide and conquer us all.

Whether you are a fan of Romney or Obama or not, you should recognize that they are the same in many ways.  In what they say and do...


Here is a more descriptive outline of the points they have in common, and yet we are so divided.

And who their puppet masters are.


Not that voting records matter...



But hey, how are you supposed to vote.  All politicians are corrupt and evil and Congress and the Senate are worthless and it doesn't matter so long as you do your own thing, right?

http://antiwar.com/blog/2012/01/18/obama-vs-romney-there-goes-one-lesser-of-two-evils-argument/

Paul Ryan is NOT What He Purports to be

By David Sirota
The Greanville PostAugust 18, 2012

The GOP’s presumptive vice presidential nominee is the 21st century’s flesh-and-blood embodiment of political deception and media obfuscation.

Wisconsin congressman Paul Ryan admires Ayn Rand, and if you believe Republican Party mythology, Ryan is a messianic John Galt who will save America from a secret socialist conspiracy. Thus, in Rand fashion, it’s worth asking: Who Is Paul Ryan?

The answer is simple: the GOP’s presumptive vice presidential nominee is the 21st century’s flesh-and-blood embodiment of political deception and media obfuscation.

Purporting to be a small-government budget hawk, Ryan publicly decries corporate welfare and says he wants “to get Washington out of the business of picking winners and losers.” This has generated press coverage promoting Ryan as a great fiscal conservative. Yet, written out of the story is the fact that Ryan is a Huge Government Republican who voted for–and in some cases, still defends–the biggest examples of corporate welfare in American history.

Ryan, you see, was the Huge Government Republican who backed this era’s massive corporate bailouts–the one that picked politically connected companies as winners and taxpayers as losers. He was the Huge Government Republican who regularly voted for profligate war spending bills–the ones that blew a gaping hole in the federal budget. And he is the Huge Government Republican now using his committee chairmanship to oppose serious cuts to the deficit-exploding corporate welfare still embedded in the bloated Pentagon budget.

Similarly, Ryan claims to be, and is billed in the press as, a libertarian-inspired acolyte of Rand–a man who supposedly values freedom and limited government. But as a Huge Government Republican, he has consistently voted to expand the surveillance state, endorse warrantless wiretapping and permit indefinite detention. Oh, and in contradiction to Rand’s writings, he has also pushed to use the power of Huge Government to end a woman’s right to choose an abortion.

Like so many Republicans, Ryan genuflects to the private sector and insinuates that the government is not a job creator. It’s funny coming from a guy who has spent most of his adult life as a federal employee and whose family’s construction company brags of building its fortune off government highway contracts.

Ryan labels himself an opponent of “crony capitalism” and is often promoted by reporters as someone who can help Mitt Romney thwart the Washington insiders who corrupt our politics. Somehow, we are expected to ignore the fact that Ryan has spent the vast majority of his adult life in Washington; that his wife served as a top pharmaceutical and oil lobbyist in Washington; and that, as Newsweek reported in 2011, he tried to insert special provisions into federal law that would boost his personal oil investment portfolio.

Then there are Ryan’s budget proposals, whose central premises are that Medicare must be gutted and Social Security must be turned over to Wall Street because we allegedly don’t have enough revenue to fund them. In response, the press often credits Ryan’s blueprint for being courageous and honest. Yet, in the very same plans, Ryan proposes to severely deplete public revenues by eliminating all taxes on capital gains, interest and dividends, meaning that, according to The Atlantic magazine, Mitt Romney would pay a 0.82 percent tax rate on his $21 million annual earnings.

Republican powerbrokers, of course, hope you never learn any of this. They hope you and an obsequious press don’t bother to review Ryan’s congressional votes or his legislative history. They are hoping, in other words, that when you see Ryan’s boyish Midwestern visage, you won’t see the real Ryan–and you won’t see what his ascent to vice president might mean for the future of America.

David Sirota, an In These Times senior editor and syndicated columnist, is a bestselling author whose book Back to Our Future: How the 1980s Explain the World We Live In Now—Our Culture, Our Politics, Our Everything was released in 2011.

AWESOME Graphic on Computerized Trading That is Causing Massive Losses on Wall Street with YOUR Money!

The original article appears here.  Watch the animated graphic.  It will repeat over and over.

http://www.motherjones.com/kevin-drum/2012/08/chart-day-algobot-wars-now-rule-wall-street

Now for a brief education on algorithmic trading, read this storify collection of articles, interviews, and videos.

Get Your Own Lobbyist! Send a Delegate to Tampa Today!

Dear Twisted Politix,

As you know, the Republican National Convention is right around the corner!

From the beginning, I’ve said this convention in Tampa will be a critical step for our R3VOLUTION.

That’s why I’ve instructed my campaign staff to offer financial assistance to our delegates who otherwise wouldn't be able to make it in order to ensure every one of them can reach Tampa.

But in order to make this a reality, can I count on you to please make a generous contribution to help as many of our campaign’s delegates as possible make it to the Republican National Convention?

As you know, the establishment hasn’t just sat still and quietly watched us take over party chapters and rack up delegates.

Their opposition has required our campaign to spend resources in Louisiana, Maine, Massachusetts, and Oregon to defend our gains and defeat their challenges.

And with August just around the corner, we want to make sure we can cover expenses for delegates that need help reaching the convention.

Your contribution will be put directly toward transportation, lodging, and other costs associated with getting these delegates to Tampa.

This is incredibly important for a number of reasons:

***  First, the Republican National Convention is our opportunity to plant our flag and show that our Liberty movement is the future of the GOP.

Seeing a flood of pro-liberty delegates and so many new and young faces in Tampa will respectfully send that message to the GOP establishment.

***  Second, we’re expecting a credentials battle at the Convention to ensure the national GOP doesn’t just “look the other way” at some of the dirty tricks my supporters had to deal with in many states.

I’ll need my supporters in Tampa to help ensure as many of our campaign’s delegates get credentialed as possible.

***  And finally, the Republican National Convention provides us with the opportunity to affect the Party Platform.

As you know, pro-liberty delegates will be fighting for an internet freedom plank, an Audit the Fed plank, and a plan opposing the indefinite detention of American citizens.

We may also have a battle over a plank opposing the so-called “PATRIOT” Act and undeclared wars.

Getting these crucial issues in the Republican Party Platform will not only show that we are the future of the GOP, but also perhaps even help convince some legislators who were “on the fence” on these issues to start coming our way.

That’s why I’m hoping I can count on you to make a generous contribution to help our campaign’s delegates get to Tampa.

There’s no doubt that our Liberty Movement is growing by leaps and bounds.

And it’s because of your hard work and dedication that we are the future of the Republican Party.

Thank you for all of that hard work and for everything you’ve done for my campaign!

For Liberty,

Ron Paul

Top US Military Brass Accuse Cheney of Architecting The September 11, 2001 Attacks

(June 20, 2012)

The former head of the Star Wars missile defense program under Presidents Ford and Carter has gone public to say that the official version of 9/11 is a conspiracy theory and his main suspect for the architect of the attack is Vice President Dick Cheney.

Dr. Robert M. Bowman, Lt. Col., USAF, ret. flew 101 combat missions in Vietnam. He is the recipient of the Eisenhower Medal, the George F. Kennan Peace Prize, the President's Medal of Veterans for Peace, the Society of Military Engineers Gold Medal (twice), six Air Medals, and dozens of other awards and honors. His Ph.D. is in Aeronautics and Nuclear Engineering from Caltech. He chaired 8 major international conferences, and is one of the country's foremost experts on National Security.

Bowman worked secretly for the US government on the Star Wars project and was the first to coin the very term in a 1977 secret memo. After Bowman realized that the program was only ever intended to be used as an aggressive and not defensive tool, as part of a plan to initiate a nuclear war with the Soviets, he left the program and campaigned against it

Dear #RonPaul fan regarding #AudittheFedbill

July 24, 2012 Dear Concerned Citizen: Thank you for writing me in support of H.R. 459, the Federal Reserve Transparency Act, which would give the Government Accountability Office the authority to audit the Federal Reserve and its member components and report to Congress on the results. I strongly agree that such independent audit authority is essential. You will be happy to know that I am a cosponsor of H.R. 459 and voted to pass it on July 25, 2012. The bill passed the House by a vote of 327-98 and I am hopeful the Senate will move to vote on the bill as soon as possible. The Federal Reserve System operates as the central bank for the United States, managing the economy's money supply and overseeing the banking system. Historically, the Fed has not picked winners and losers when distributing money, nor has it brought significant credit risk onto its balance sheet. It has slowed or stimulated the economy by raising or lowering interest rates. Starting in March 2008, however, the Fed used its emergency powers to take massive credit risk onto its books. We now know that as of September 2009, the Fed's balance sheet had expanded from around $800 billion to over $2 trillion, not including off-balance sheet liabilities it guaranteed for Citigroup, AIG, and Bank of America, among others. Recent press reports suggest the Fed did significantly more to bolster the finances of the major financial institutions-- to the tune of up to $7.7 trillion in short term borrowing to shore up their balance sheets—financing that was kept secret and had no strings attached. An audit is the first step in bringing greater accountability to this system. It is essential that we bring more transparency to the Federal Reserve and ensure that the American public and Congress have a clear understanding of the actions the Fed has taken in order to determine the appropriate measures that need to be put in place to avoid another financial crisis in the future. Thank you again for writing me about this issue. I value the messages I receive from my constituents and use them to better inform my decision making process. I hope that you will continue to call or write me in the future on matters important to you. All the best, Jackie Speier Member of Congress

Dear Ron Paul Fan, the Audit the Fed Bill Passed the House

Dear Ron Paul Fan,

Minutes ago, the U.S. House voted to pass our Audit the Fed bill!

For more information, and to find out how your representative voted, be sure to check www.CampaignForLiberty.org.

Thanks for your help to achieve this historic victory!

Only a few years ago, few would have believed that two thirds of the U.S. House would support a complete audit of the Federal Reserve.

It’s time to further shock the establishment by carrying our momentum over into the Senate.

And that’s where Audit the Fed faces its toughest test yet.

Ben Bernanke and his bankster pals know they can count on Senate Majority Leader Harry Reid and their other allies to do everything in their power to stop our transparency effort.

With your support today, we can unleash a grassroots tidal wave of action and show these “Wall Street Senators” that who they really should be worried about serving is their constituents – instead of providing cover to the Fed’s destruction of our money and economy.

The energy, enthusiasm, and passion are on our side – and so is a major victory in the U.S. House.

You and I CAN win this fight.

Thanks again for your support!

In Liberty,

Matt Hawes
Vice President

P.S.  H.R. 459, our Audit the Fed bill, has passed the House!

Be sure to check www.CampaignForLiberty.org to see how your representative voted.

Ben Bernanke and his bankster pals know they can count on Senate Majority Leader Harry Reid and their other allies to do everything in their power to fight our transparency effort.

So C4L must be able to unleash a grassroots tidal wave of pressure on the Senate right away.

CALL YOUR Congressman NOW! To Support Ron Paul's Bill to Audit the Federal Reserve!

Congressman Ron Paul's Audit the Fed bill, H.R. 459, will be voted on this Tuesday, July 24, in the U.S. House!

Audit the Fed will be brought up under a "suspension of the rules."

This means the Fed's allies won't be able to offer ANY amendments to water down the bill.

But under suspension, we must have a two-thirds majority to win, so we need your help more than ever to push the bill over the top.

Audit the Fed currently enjoys the support of a majority of the U.S. House, but you and I know from experience that nothing can be taken for granted.

Please contact your representative right away and demand they vote "YES" on Audit the Fed.

Rep. Mike Thompson (D-CD 1) 202-225-3311 Rep. Wally Herger (R-CD 2) 202-225-3076 Rep. Daniel E. Lungren (R-CD 3) 202-225-5716 Rep. Tom McClintock (R-CD 4) 202-225-2511 Rep. Doris O. Matsui (D-CD 5) 202-225-7163 Rep. Lynn Woolsey (D- CD 6) 202-225-5161 Rep. George Miller (D-CD 7) 202-225-2095 Rep. Nancy Pelosi (D-CD 8) 202-225-4965 Rep. Barbara Lee (D-CD 9) 202-225-2661 Rep. John Garamendi (D-CD 10) 202-225-1880 Rep. Jerry McNerney (D-CD 11) 202-225-1947 Rep. Jackie Speier (D-CD 12) 202-225-3531 Rep. Pete Stark (D-CD 13) 202-225-5065 Rep. Anna G. Eshoo (D-CD 14) 202-225-8104 Rep. Mike Honda (D-CD 15) 202-225-2631 Rep. Zoe Lofgren (D-CD 16) 202-225-3072 Rep. Sam Farr (D-CD 17) 202-225-2861 Rep. Dennis Cardoza (D-CD 18) 202-225-6131 Rep. Jeff Denham (R-CD 19) 202-225-4540 Rep. Jim Costa (D-CD 20) 202-225-3341 Rep. Devin Nunes (R-CD 21) 202-225-2523 Rep. Kevin McCarthy (R-CD 22) 202-225-2915 Rep. Lois Capps (D-CD 23) 202-225-3601 Rep. Elton Gallegly (R-CD 24) 202-225-5811 Rep. Buck McKeon (R-CD 25) 202-225-1956 Rep. David Dreier (R-CD 26) 202-225-2305 Rep. Brad Sherman (D-CD 27) 202-225-5911 Rep. Howard Berman (D-CD 28) 202-225-4695 Rep. Adam Schiff (D-CD 29) 202-225-4176 Rep. Henry Waxman (D-CD 30) 202-225-3976 Rep. Xavier Becerra (D-CD 31) 202-225-6235 Rep. Judy Chu (D-CD 32) 202-225-5464 Rep. Karen Bass (D-CD 33) 202-225-7084 Rep. Lucille Roybal-Allard (D-CD 34) 202-225-1766 Rep. Maxine Waters (D-CD 35) 202-225-2201 Rep. Janice Hahn (D-CD 36) 202-225-8220 Rep. Laura Richardson (D-CD 37) 202-225-7924 Rep. Grace Napolitano (D-CD 38) 202-225-5256 Rep. Linda Sanchez (D-CD 39) 202-225-6676 Rep. Ed Royce (R-CD 40) 202-225-4111 Rep. Jerry Lewis (R-CD 41) 202-225-5861 Rep. Gary Miller (R-CD 42) 202-225-3201 Rep. Joe Baca (D-CD 43) 202-225-6161 Rep. Ken Calvert (R-CD 44) 202-225-1986 Rep. Mary Bono (R-CD 45) 202-225-5330 Rep. Dana Rohrabacher (R-CD 46) 202-225-2415 Rep. Loretta Sanchez (D-CD 47) 202-225-2965 Rep. John Campbell (R-CD 48) 202-225-5611 Rep. Darrell Issa (R-CD 49) 202-225-3906 Rep. Brian P. Bilbray (R-CD 50) 202-225-0508 Rep. Bob Filner (D-CD 51) 202-225-8045 Rep. Duncan D. Hunter (R-CD 52) 202-225-5672 Rep. Susan Davis (D-CD 53) 202-225-2040

Your dedication and determination have produced this historic moment in our battle against the Fed, but our work is not done yet.

Please contact your representative right away and demand they vote "YES" on Audit the Fed.

There has never been a better chance to turn Audit the Fed into the law of the land, but our success depends on your willingness to take action now.

Time is short, so please contact your representative today!

In Liberty,

Deb Wells Interim California State Coordinator Campaign for Liberty

P.S. Congressman Ron Paul's H.R. 459 will be voted on this Tuesday, July 24, so time is running out to call your representative!

Please contact Congress right away and urge your representative to vote "YES" on Audit the Fed!

The LIBOR Manipulation Scandal is the Tip of the Iceberg - Gold, Silver, Oil, and the Petrodollar

Have you heard about the LIBOR fixing scandal? Perhaps you have heard that Barclay's paid a tiny fine for their part after they admitted guilt, which is highly unusual.  What you probably haven't heard is how deep the rabbit hole goes, ho broad the scandal is and how it all impacts YOU!

Does it affect mortgage rates in the USA?  Yes.
Does it affect money market funds where your 401k money may be sitting? Yes.
Does it affect the price of US treasuries? Yes.
Does it affect the interest rates you pay on car loans? Yes.  Business loans? Yes.

You get the point.  Now let's dive in to help you understand what you will NOT hear on Bloomberg, Yahoo News, Associated Press news, Reuters News, and ANY major media outlet.


So the LIBOR rigging scandal involves various large banks, mostly primary dealers to the Federal Reserve and the Bank of England (pretty much every bank that received bailout funds in 2008 and more), and their efforts to keep interest rates low.  By doing so, they improve the value of the debt based assets on their balance sheets.  By collaborating with each other over time, these banks, which have overlapping shareholders, appeared to the outside world as being more solvent, more fundamentally sound than they really are.  LIBOR is the basis for floating rate debt instruments like the collateralized debt obligations (CDO) that exploded in 2008 and caused the global credit system to freeze up.  CDOs are a derivative product whose purchase price benefits with a lower interest rate.  By colluding with other market makers, these large banks can push the LIBOR rate lower and make financials look better just in time for quarterly reports.

The other asset that banks hold on their books are US treasuries.  The Federal Reserve lends money to these primary dealers at 0.25% interest rates while they buy US treasuries which pay up to 2% interest.  By doing this in the billions of dollars, banks are able to generate stable income simply from the spread, essentially with no risk.  As the global interest rates are pushed down by the Fed and the Bank of England, and many other central banks, the yield on treasury bonds goes up.  By manipulating LIBOR, these banks can increase the value of the bonds they have on their books, thus making their assets look better than their liabilities and improving their financial statements in quarterly reports to the SEC, which typically means their stock price will rise as well, giving them even more capital to gamble on derivatives.

Now, think of yourself again.  What interest rate does your bank pay on certificate of deposits? or savings accounts? Somewhere around 1%?.  Banks will take your money and pay you next to nothing. If LIBOR was not manipulated, it is certain that interest rates would float upwards towards 5-7%.  But that would decrease the value of the assets on the banks books and they would have to pay you a higher rate for your money on deposit.

How about money to buy a car or a small business loan?  Here they probably charge anywhere from 5% - 15% for these loans they provide to the public.  The money they lend, comes from everyone else's deposits, for which they pay 1% interest, and from the money they get from the Federal Reserve, for which they pay 0.25%.  So they are making an AWESOME spread.

So how about those US treasuries? Remember that is how the Federal government pays for its deficit, and you've probably heard the annual deficit is well over $1 trillion dollars, annually, and future prospects do not look very good.  This means that as the Federal government is giving aid to foreign nations in the billions, it is borrowing money at around 2% interest from buyers of the treasuries.  Put another way, if the Federal government could not find buyers for the treasuries, it would not be able to make good on all its debts and it would default on its existing obligations, just like Greece.

Fortunately for the US federal government, the rest of the world is undergoing massive turmoil and downturn, making the US dollar a safe haven, so OPEC exporters, Japan, China, and the Federal Reserve is buying our treasury bonds, keeping our government afloat.

But what if there were fewer and fewer buyers of these treasuries? What if banks like JP Morgan Chase, and national governments and central banks around the world stop buying treasuries?  Would we go broke.  You bet.  So it is in the best interest of the Federal government to keep interest rates low so the cost of debt service is low and so that the deficit can continue to be funded.  The USA is now the largest debtor nation with a national debt of over $15 trillion dollars.  Eventually, we will go bankrupt.  It's just a matter of time.

Back to the LIBOR scandal.  So the banks are colluding to keep interest rates low, screwing savers from any kind of decent return, urging people into riskier investments like the stock market, all the while they are getting money for nothing from central banks, buying treasuries, keeping the government afloat.  If the banks crash, the government crashes.  So now you have a perpetual cycle where no matter what crimes and fraud and wrongdoings occur at large banks, they are allowed to continue operating to keep the country from defaulting on it's financial obligations.  It's really a stall tactic because eventually the house of cards must fall, but perhaps we will wait until after the next election so the next president can take the blunt of the blowback.

Enough of my ranting, watch these financial reports and decide for yourself.

Now watch this video which elaborates on the breadth of the sectors impacted by LIBOR and interest rate manipulation.



The DOJ will most likely investigate only foreign banking institutions because it wants to present the illusion of justice, while working to protect US banks, particularly JP Morgan Chase (JPM), Citibank, Morgan Stanley, Goldman Sachs, and Bank of America.  This allows the currency war to drag on and force the Euro down against the US dollar, which is under attack as the global reserve currency by Iran, China, Japan, Russia, India, South Africa, Venezuela, and Brazil.  The scales are tipping.

Countdown to 2012 Presidential Elections

Countdown

Steve Keen on the Minsky Singularity and the Debt Black Hole