Read Paul Krugman and watch mass media and continue to believe that our great leaders are doing everything they can to put the country back on the right track. It's a long hard process. No one is to blame. There are rogue CIA and rogue NSA and rogue bankers, but they are rare exceptions. Nothing to see here. Just keep paying your taxes and stay entertained.
Red Pill
Every single market is being massively manipulated by an elite organized crime cartel. The challenge is that it is so vast, so expansive, so subtle, and so well masked that very few people can see the Wizards behind the curtain.
These guilty bastards manipulate our markets, our policies, and our lives, driving us to war with each other and profiting all along the way.
Keep reading and researching alternative media. You will be disgusted with what you find and there is enough to keep you occupied for years, but at least you will know the truth, and will be able to take action according to your conscience.
Let me be blunt: Our capitalist system is approaching failure.
Or, perhaps better said: Our marginally capitalist, partly-free market systems are approaching a massive collapse.
Not because of what capitalism is, mind you, but because the powers that be have bastardized it.
Capitalism can bear many distortions and abuses, but it is not indestructible.
And, make no mistake, the ‘capitalist’ system we have today has been massively corrupted, so much so that it’s sagging under the load... and will continue to do so until the proverbial straw breaks its back.
The 9 Plagues
1. The average producer is being stripped bare. In the US, for example, the total take of taxes has not risen dramatically, but fewer and fewer people actually pay them. There was a big uproar during the last election cycle over the fact that 47% of working-aged Americans paid no income tax. That means that the half who do work (read suckers) are paying the whole. And more than that, they are also paying for the many millions who are on food stamps and disability. Producers are being punished and abused, made into chumps.
2. Thrift is essentially impossible. I’ve explained this in detail previously, but a hundred years ago, it was possible for an average person to accumulate money. Mechanics, carpenters, and shop owners slowly filled their bank accounts with gold and silver. It was common for them to make business loans and to retire comfortably. But now, all of our surplus is drained away to capital cities, where it is poured down the drains of welfare, warfare, and political lunacy. Money has been removed from the hands that made it, and moved into the hands of non-producers, liars, and destroyers.
3. In 2008, US federal government regulations cost an estimated $1.75 trillion, an amount equal to 14 percent of US national income. Let me restate: Simply complying with regulations costs American businesses more than $1,750,000,000,000 (that’s $1.75 Trillion) every year. This, again, is money taken out of production and wasted on political lunacy.
4. Small businesses are being squeezed out. Take a look at the two graphs below, and understand that as small businesses are squeezed out, only the large corporations remain. These days, only the largest and best-connected entities are able to get their concerns dealt with (by the politicians they fund). Small operations are cut off from the redress of their grievances and are crushed by taxes and regulation. And don’t forget the comments of Mussolini:
Fascism should more properly be called corporatism, since it is the merger of state and corporate power.
While there may be no dictator, state/corporate partnerships are taking over commerce in the West.
5. The military industrial complex is out of control. Their lobbying, fear-mongering, and spending can only be characterized as obscene. Dwight Eisenhower was right when he warned us about this in 1960. It is sad beyond measure that so few Americans took him seriously. Trillions of dollars and millions of productive lives are being spent on the war machines of the West. Never forget that wars destroy massively and produce nothing.
6. All the Western nations now feature large enforcer classes, composed of bureaucrats, law enforcement units, inspectors, and so on. In the US alone this amounts to several million people – none of whom produce anything, and all of whom restrain producers from producing. Millions of people are paid to restrain commerce.
7. We now have a very large financial class in which blindly aggressive people make millions of dollars. The problem is that finance is not productive. It may allocate money in beneficial ways (though it often allocates mainly to itself), but it doesn’t actually produce anything. At present, the allocators get the big bucks, and the producers get scraps.
8. The modern business ethic has become about acquisition only. In more enlightened times, it was also about creating benefit in the world, or at least creating newer and better things. Mere grasping is an insufficient philosophy for capitalism; it leads to dark places.
9. Every nation on the planet is using play money and forcing their inhabitants to use their play money.Moreover, they have super-empowered a small class of Central Banking Elites, who make fortunes on their currency monopolies, and who are entirely unknown to the producers who unwillingly (and unknowingly) purchase jets and yachts for them. Our money systems have brought back aristocracies; a class that is both hidden and immensely powerful.
So What’s Next?
That’s up to the producers. Everything hinges upon them. The game, as it is, depends entirely on them being willing to accept abuse.
All that is necessary to fix this is for the producers to stop being willing victims. Simple, I know, but there is a problem with such a sensible idea:
The producers are convinced that their role in life is only to struggle and obey.
Modern producers believe that the ruling classes have a legitimate right to tell them how much of their money they are entitled to keep, which charity causes they’ll be forced to contribute to, which features their car is required to have, and much, much more. Why? Simply because those other people are in “high positions,” and they (the producers) are in “low positions.” An evil assumption has been planted in their minds:
It is right for important people to order me around.
The productive class holds all the real power, but they are nearly devoid of moral confidence. So, they are abused without end.
Right now, a parasitic ethic rules the West and will continue to rule so long as producers play the part of the suckers. If this continues, what remains of capitalism will grind to a halt and will be overrun by a Neo-Fascist arrangement – not the dictator and swastika variety – but one where the state and powerful business interests merge into one unstoppable and insatiable force.
On the other hand, if ever the producers wake up from their moral coma and reject the role of doormat, they will build a society embodying the ethics of production. It almost sounds impossible, I know. But it is has happened before and could happen again.
Holy shiesters. If all this is true... I have researched the later part related to the British freemasons but the founding fathers bit is mostly new to me. Nothing wrong with being a freemason, unless of course you are manipulated into breaking laws, killing people, lying, deception, etc - the things politicians and bankers are so good at.
Hagger demonstrates that the new nation, conceived in liberty, was the Freemason’s first step toward a New World Order. He explains how the German Illuminati influenced many of the Founders, including Benjamin Franklin, Thomas Jefferson, and Thomas Paine. Finally, Hagger shows the hidden hand of Freemasonry at work in every turning point in America’s history, from the Civil War, through the Cold War, to today’s contrived and poorly scripted War on Terror and related police state.
It must be noted that much of Hagger’s information is also featured in the Christopher Pinto’s award-winning Secret Mysteries of America’s Beginnings documentary series. The knowledge contained in these items are essential for all Americans. Only when we properly understand our past can we understand where our “leaders” are taking us today. Only when we truly comprehend the occult heritage which our Founding Fathers set in place can we understand why America is constantly at war, why our nation forces a perverse brand of "democracy" upon the world, and why America has always been leading all nations steadily towards the NOVUS ORDO SECLORUM (New Order of the Ages - New World Order), the Illuminati symbol of which is on the back of the American One Dollar Bill.
Freemasons in the Colonies
In the 16th century, Sir Francis Bacon was at the helm of the secret societies in England and authored his famous book, The New Atlantis. Bacon’s book was the blueprint for colonizing the United States, advocating that America “would become a paradise in which men would follow reason, become gods and work for a universal world republic that would then replicate the Utopian conditions of America throughout the known world.” Secret knowledge would be passed on through the generations by Freemasons and other secret societies. (Hagger p. 87)
As Chief of the Rosicrucians and the first Grand Master of modern Freemasonry, Bacon sent his followers to the new world. A 1910 Newfoundland stamp with his image upon it reads, “Lord Bacon: the Guiding Spirit in [the] Colonization Scheme.”
Because of his influence, Francis Bacon is considered by some to be the real and true founder of America. For centuries, controversy has surrounded this figure who is said to be the illegitimate son of Queen Elizabeth I, and secret author of the Shakespeare plays; the man whom Thomas Jefferson considered one of the three most influential men in history.
In 1733, Rosicrucian Freemasonry formally entered America when the St John’s Lodge was established in Boston. It became the Masonic capital of Britain’s colonies. By 1737 there were lodges in Massachusetts, New York, Pennsylvania, and South Carolina, all committed to implementing the plan for a Utopian New Atlantis… In February 1731, Benjamin Franklin became a Rosicrucian Mason and in 1734 Provincial Grand Master of Pennsylvania. Hager p. 97-98
Franklin returned to England from 1764 to 1775 and discovered Baconian English Freemasonry’s Secret Doctrine to create a New World or philosophical Atlantis in America. In 1775, Tom Paine, whom Franklin had sent to America to work on the Pennsylvania Magazine, argued that America should demand independence from England. Franklin returned to Philadelphia and printed Paine’sCommon Sense propaganda. Thomas Jefferson, the writer of the Declaration of Independence, was also a Rosicrucian.
Hagger notes that “the federalism that finally united the 13 colonies into states was identical to the federalism of the Grand Lodge system of Masonic government which had been created in Anderson’s Constitution of 1723.” (Hager p. 98-99, 153)
The Boston Tea Party was entirely a masonic event organized by the St Andrew’s Lodge in Boston, of which John Hancock and Paul Revere were members and supported by Virginia Masons Patrick Henry and Richard Henry Lee.
After dark on December 17, 1773, at least 120 Masons from the St Andrew’s lodge, disguised as Mohawk Indians, bordered the ships and threw the tea into the harbor, allegedly to protest numerous taxes levied by King George III. (Hagger p. 103-104)
Of the 56 signatures on the Declaration of Independence, 9 according to some, 53 according to others, came from Freemasons. The first President, George Washington, was a Freemason and was elected Grand Master of the Templar Alexandria Lodge no. 22 in Virginia. (Hagger p. 105)
According to Hagger, during the American Revolution, 31 out of 33 military generals under George Washington were Freemasons. Importantly, the British military leadership was also Freemasonic: Sir William Howe, Brigadier General Augustine Prevost, and 34 senior colonels were all Freemasons. When the French joined on the side of the Americans, Freemason Marquis de Lafayette trapped General Cornwallis, commander of the British forces at Yorktown.
London blamed Templar Freemasonry for the humiliating British defeat, suggesting Cornwallis, Clinton, and the Hower brothers were all Templar Freemasons and had conspired to lose to their fellow Freemasons. In 1781 General Howe and Admiral Howe were accused by ‘Cicero’ of betraying their country to Benjamin Franklin.Hagger p. 151-152
It appears that the American Revolution was a rigged game on the chessboard of Freemasonry.
Anyone who doubts that Freemasons still control the U.S. government should read House Resolution 33 (33 being the highest admitted degree of Freemasonry) passed in 2007, which states in part:
Recognizing the thousands of Freemasons in every State in the Nation and honoring them for their many contributions to the Nation throughout its history.
Whereas Freemasons, whose long lineage extends back to before the Nation's founding, have set an example of high moral standards and charity for all people;
Whereas the Founding Fathers of this great Nation and signers of the Constitution, most of whom were Freemasons, provided a well-rounded basis for developing themselves and others into valuable citizens of the United States.
H. RES. 33, was submitted by Congressman and 33rd degree Mason Paul Gillmor.
The Founding Fathers Were Deists
The Founding Fathers, as opposed to the Planting Fathers, rejected all organized religion in favor of Deism. They believed: 1) in a supreme being; 2) the need to worship that being; 3) that the best form of worship was to lead a virtuous life; 4) one must repent; 5) one would be rewarded and/or punished after death. Any religious view contrary to nature and reason, such as a virgin birth and divine intervention in the affairs of men, is rejected by Deism. (Hagger p. 109)
The founders studied Deist works by Voltaire and Rousseau. Benjamin Franklin, Thomas Paine, Thomas Jefferson, and John Adams were all openly Deists. George Washington and many other Founders posed as Christians but were clearly Deists in their personal writings. As Hagger notes:
The reason the Founding Fathers kept their Deism secret and retained the façade of Christianity was to unify the Catholic, Anglican, and Puritan settlers into one new nation-state. They wanted to be sure of having a nation of trusting and passive followers. So religion served a utilitarian, rather than spiritual purpose. Hagger p. 123
Anyone who doesn’t believe that the Founding Fathers rejected organized religion should read the Treaty of Tripoli (1797), which was passed unanimously and signed into law by President John Adams. Article 11 of the Treaty reads:
As the Government of the United States of America is not, in any sense, founded on the Christian religion; as it has in itself no character of enmity against the laws, religion, or tranquility, of Mussulmen; and, as the said States never entered into any war, or act of hostility against any Mahometan nation, it is declared by the parties, that no pretext arising from religious opinions, shall ever produce an interruption of the harmony existing between the two countries.
The evidence and writings of the Founding Fathers themselves demonstrates that they were Deists. However, many of them also had ties to Satanism and the occult.
The Bavarian Illuminati and the Founding Fathers
The German Illuminati was born in 1776 by Adam Weishaupt, just two months prior to the Declaration of Independence. Weishaupt was the son of a Jewish rabbi. He became a Jesuit priestprior to becoming an atheist, before becoming a Satanist. He studied in France, where he met Robespierre, the future leader of the bloody French Revolution. Weishaupt was also a student of the Eleusinisn mysteries, Pythagoras, the Kabbalah, the Keys of Solomon, and performed occult rituals.
In 1773, Weishaupt held a meeting with banker, master of usury, and insider trader, Mayer Amschel Rothschild to discuss world revolution. The Rothschilds were Freemasons and financially supported the Illuminati’s mission. Hagger p. 128.-135
After becoming a leading Freemason and the founder of the Bavarian Illuminati, Weishaupt set the following goals for his loyal followers: 1) abolish all ordered government; 2) abolition of private property; 3) abolition of inheritance; 4) abolition of patriotism; 5) abolition of all religion; 6) abolition of the family and marriage; 7) creation of one world government. These goals were the embryonic form of Communism. (Hagger p. 132-133)
Weishaupt instructed the Illuminati to act in secret. He also took pride in deceiving Christians and others of good will into joining his order.
Initiates were deliberately deceived. They were told that the Order of Illuminati represented the highest ideals of the Church, that Christ was an Illuminist, that his secret mission was to restore people to the liberty they lost in the Garden of Eden. Weishaupt told them that Christ despised riches to prepare for the abolition of property ownership and the sharing of all possessions.” Hagger p. 134-135
Hagger provides great detail of Benjamin Franklin meeting with the Illuminati and his viewing of their Great Seal. The Great Seal was designed by Weishaupt and would later be placed on the one dollar bill by Freemason U.S. President Franklin Roosevelt. See the Eye of the Phoenixdocumentary for more details.
Hagger states that, Thomas Jefferson, John Adams, and Benjamin Franklin adopted the Illuminati’s ideals while in France in 1784 to negotiate a treaty with France. (Hagger p. 137 – 142)
Significant evidence reveals Benjamin Franklin was a Satanist. Franklin was a member of theHellfire Club, a secret society that conducted black masses and orgies. Additionally, in 1998, workmen restoring Franklin's London home dug up the remains of six children and four adults hidden below the home. The Sunday Times reported:
Initial estimates are that the bones are about 200 years old and were buried at the time Franklin was living in the house, which was his home from 1757 to 1762, and from 1764 to 1775. Most of the bones show signs of having been dissected, sawn or cut. One skull has been drilled with several holes. Paul Knapman, the Westminster Coroner, said yesterday: "I cannot totally discount the possibility of a crime. There is still a possibility that I may have to hold an inquest."
Freemasonic Symbolism in Washington, DC
In 1790 President/Freemason George Washington chose a marshy swamp as the new Nation’s capital site and selected Freemason Pierre Charles Enfant to design the new city, then called the “Territory of Columbia.” In 1795 the Freemasonic Founding Fathers laid out the streets of Washington D.C to form Masonic symbols: a compass, square, rule, pentagram, pentagon, and octagon. (Hagger p. 164)
On September 18, 1773, President George Washington laid the foundation stone of the Capitol building. He wore full Masonic regalia and was surrounded by brother Masons. The foundation stones for the White House and other Federal buildings were also laid in Masonic ritual.
Hagger submits that the U.S. Constitution intentionally removed sovereignty from the 13 states to a Freemasonry-dominated national central government so that Freemasonry could dominate America according to Bacon’s plan for a New Atlantis. In short, the Founding Fathers staged a coup against the states. (Hagger p.165-166)
Freemasonry’s Control of America
Like the Revolutionary War, Hagger demonstrates that the Civil War was a Freemason sponsored event with the Rothschilds controlling the North via August Belmont, a presidential advisor, and the South via Judah Benjamin, Secretary of State for the Confederacy.
In 1851, Giuseppe Mazzini, who had taken over the Illuminati in 1834, began the process of bringing about a civil war by forming revolutionary groups throughout the United States to intensify the slavery debate. Most of the political and military leadership of the Confederacy was composed of Freemasons under Albert Pike’s command. Pike was a 33rd degree Mason, the most powerful Mason in the world at the time, and an admitted Luciferian. (Hagger p. 185)
Immediately after Abraham Lincoln’s presidential election, South Carolina, headquarters of the Southern Jurisdiction of Freemasonry, was the first state to secede. Florida seceded next, led by Freemason David Yulee. Georgia seceded, led by Freemasons Howell Cobb and Robert Toombs. Louisiana seceded led by Freemasons John Slidell and Pierre Soule. Texas Governor, Sam Houston, a Freemason, led Texas in secession. Hagger’s list continues in detail. (Hagger p. 178-179)
After the Civil War, Lincoln was hated by Freemasons. He had prevented them from dividing America between England and France and establishing a Rothschild central bank. John Wilkes Booth, a 33rd degree Mason with connections to Mazzini’s Illuminati, executed Lincoln with a shot to the head. Edwin Stanton, the Freemason in Lincoln’s cabinet, covered-up the Masonic involvement and helped Booth escape. (Hagger p. 182-183)
A Freemasonic World
Hagger concludes by naming many other prominent Freemasons in more recent history, such as Newt Gingrich, Joseph Stalin, Bob Dole, Barry Goldwater, Jesse Jackson, Ross Perot, Douglas MacArthur, and many others. He refers to modern Freemasonry as “The Syndicate,” as it is little more than a highly secretive organized crime ring. (Hager p. 190)
Importantly, Hagger notes that out of British Freemasonry came a number of new secret societies, such as the Round Table, Royal Institute of International Affairs, Council on Foreign Relations (CFR), the Bilderberg Group, Club of Rome, and the Trilateral Commission. These are the organizations we see making policy today, not just in the U.S. or England, but for the world. (Hagger p. 191)
Immediately after World War II, the Rockefeller family, acting in conjunction with the CFR and The Syndicate, was instrumental in establishing world government through the United Nations. John D. Rockefeller III donated $8.5 million for the purchase of 18 acres of land in Manhattan on which the UN building was built. (Hagger p. 195)
Today’s Agenda
Today, Freemasons and their offshoot organizations are diligently working to cap the pyramid of Adam Weishaupt’s New World Order. In the news, we constantly hear powerful politicians and corporate officers around the world bragging about the New World Order.
Unfortunately, the democratic republic that we learned of in government training camps (public schools), the United States of America, with few exceptions is largely a myth of legend. If you doubt this, simply look at the Confidence in Congress rating, currently at 10%. Congress does not represent the American people and many of us continuously prove ourselves fools by supporting Democrats, Republicans, and rigged elections.
Clearly politicians are puppets and most decisions with significant historical impact are made by secret societies like the Freemasons, Jesuits, and Illuminati.
Unlike the Founding Fathers, today’s Freemasons and their offshoot organizations are limiting individual freedom, not expanding it. The First, Second, Third, Fourth, Fifth and Sixth Amendments are under attack.
Today’s invisible rulers use the same Illuminati tools to achieve their goals: deception, propaganda, false flag terror, threats of outside enemies, and usury.
The Freemasons, Jesuits, and their spin-off organizations must be prosecuted as international organized crime syndicates under the Logan Act and Racketeer Influenced and Corrupt Organizations Act (RICO). However, the criminal elements and/or Freemasons within government are not going to prosecute themselves.
Therefore, we must earn our liberty by learning our true history and the plans of the New World Order. Then we must educate others until society shuns Freemasons (and other secret societies) and encourages them to disband. The alternative media must expose the crimes and stories that the corporate media is complicit in covering-up. Otherwise, Adam Weishaupt’s New World Order will soon be completed and most of us will find ourselves in hell on earth.
Paul Adams is a follower of Jesus Christ and Martin Luther King, Jr. And have no fellowship with the unfruitful works of darkness but rather expose them. Ephesians 5:11
This was forwarded to me in an email. Where is the mass media coverage of the great find? Who put these weapons there and who was going to use them? Is this for the drug cartels in Mexico or domestic use in the USA? Why isn't this front page on USA Today, the LA Times, or the NY Times?
Was this some of Eric Holder's "Fast & Furious"? When will Congress have the spine to impeach Holder??????Note Arabic writing on some of the grenades....Scroll Down....Our country is in BIG trouble.... Anybody want to boycott Arizona.
Why was there no news coverage of this raid on the Arizona border??? Definitely NOT Jose wishing to come pick lettuce! This is exactly why we MUST support ARIZONA. This seizure was just five days ago. Right on the Arizona border! This is but one seizure that has taken place along the border over the past year. There have been many more like this. (but you won't hear about it on media news.) Not a mention on ABC - CBS - NBC - MSNBC - or CNN news! These photos and reports come from a Spanish language news source. Thank God for the border patrol and that they did not allow this to get in. Stash of assault rifles. (Grenade Launchers in pix center!) Enough ammunition to outfit a small army was confiscated. Military caps and equipment were among the cache of weapons. All types of assault weapons were among the cache Many were military grade weapons with plenty of ammo. There were enough guns to open a gun shop. It was a major asenal of weapons including grenade launchers. (Seen a little to the right of center picture.) Not only weapons, but also vehicles believed to have been stolen were found at the site. One smuggler was killed during the operation when he fired on the border patrol agents.
See cellular phones! Arizona does not require a "Front" license plate! Numerous Police style bullet proof vests were found in one vehicle. More than 200 large weapons were confiscated along with about 30 smaller arms 2 grenade launchers were among the cache It appears these guys intended to portray themselves as police officers or military men. Each and every vehicle checked had been reported Stolen in the USA in the recent past! $380,000 worth Of stolen vehicles were recovered. More than 60 grenades of varrying size were found Arabic writing was found on them. Numerous Hand guns with loaded clips were also found in the cache. A single grenade like this could bring $5,000 On the streets of the USA. Each of these weapons could be sold for as much as $5,000 on the black market in the USA. More than 80 stolen cell phones were found. These could be used for detonating bombs remotely. Still more rifles were found stuffed in several SUV's Clips loaded with live bullets were just too numerous to count All types of weapons including Afghan - Russian - Chinese and many others Why would anyone to object to protecting our borders after they have seen this??? Our own Federal Government intends to sue Arizona over their law. But the Federal law reads almost word for word the same as Arizona's. Problem is, the Federal Government refuses to enforce the law. Sorta makes you wonder who our real enemies really are.................Doesn't it?
It's the economy stupid and it is manipulated like a scientific experiment. For war, for profit, for control. And you and I are in for the ride of our lifetime.
This Saudi Arabian princess, of the royal family, in London, says that the wars in the middle east are all about oil and gas. She says the violence, the revolutions which "we" create are spreading all over and will continue, supposedly until everybody is dead or dead tired.
That's when the solution is presented, by the same "we" that brought you the revolution in the first place. Problem, reaction, solution. Try the hegelian dialectic, it's an awesome mind opening experience.
Tyrants are tyrants only when they are backed by the global powers, according to Saudi Princess Basmah Bint Saud. As an activist, writer and a businesswoman, Basmah Bint Saud is known for her strong support of those suffering from military, humanitarian, or civil crises in the Middle East. On SophieCo, the member of the royal family speaks about the Egyptian coup, Syrian mass genocide, and the forces that drive revolutions.
RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
If you are anti-Federal Reserve than you should be PRO-public banking. If you are PRO America, you should be PRO-public banking. If you are PRO Glass-Steagall, you should be PRO-public banking.
The term Glass-Steagall usually refers to the set of rules that kept a savings-and-loan type bank from engaging in speculative, risky training with customers’ deposits. If a bank took deposits, it could not trade in anything other than government bonds; if it underwrote securities or engaged in market-making, it could not take deposits.
The motivation for this separation rested on alleged conflicts of interest. Glass and Steagall, as well as others, accused banks of partnering with affiliates which later sold securities to repay banks’ debts, or accepted loans from banks to buy securities. They also worried that banks engaged in risk-taking speculation, rather than investing in corporations to promote growth.
Five provisions of the Banking Act pertained to this separation:
Section 19: Federally chartered banks could not buy or sell securities, unless they were investment securities, government bonds or trades made on behalf of a customer.
Section 5(c): Glass-Steagall would also apply to state-chartered banks.
Section 20: Banks could not be affiliated with firms whose primary purpose was trading securities.
Section 21: If a bank did trade securities, it could not take deposits.
Section 32: Officers and directors of commercial banks (banks part of the Federal Reserve System)
Beyond a doubt there are more than 10 reasons to reinstitute Glass-Steagall, the infamous legislation from the 1930's put into place to regulate banks after the horrific abuses of the 1920's and beyond. But simplicity sake, here are the 10 best reasons I can think. Send your own to twistedpolitix at gmail when you have a moment.
Prevent systemic failures similar to those that occurred during the 2008 crisis by splitting the power and concentration of wealth into many hands
Split up the too big to fail and too big to jail banks
Prevent the bankruptcy of the FDIC since the next financial crisis will most certainly mean the loss of depositors money
Decentralize the wealth, assets liabilities and risk of the Big 5 banks that control 80% of all the assets in the United States
Breath life into local economies around the country by opening up new opportunities for local investment and local banking
Bring to light the deceptive practices of the Federal Reserve system and their charter members
End the deceptive practices of the big investment banks that have created over $700 trillion in derivatives and sold them to unsuspecting investors
Decentralize the creation and destruction of the money supply since it is fractional reserve banking that allows banks to lend money into existence.
Bring the hundreds of trillions of dollars in derivatives out of the dark and onto exchanges and back to reality.
Eliminate the inherent conflict of interest from the massive banks that circumvent all stte and national laws while corrupting politicians, judges, and government bureaucrats with an infinite supply of money.
TAKE ACTION NOW - CALL YOUR CONGRESSMAN, CALL YOUR SENATOR, SUPPORT the Return to Prudent Banking Act of 2013. Learn more here.
No amount of training, compliance or regulation will solve basic conflicts between banking & dealing. You need to separate. #GlassSteagall — Jim Rickards (@JamesGRickards) July 4, 2012
Joseph Stiglitz of the Roosevelt Institute, a Nobel Prize winner, contended:
Commercial banks are not supposed to be high-risk ventures; they are supposed to manage other people’s money very conservatively…Investment banks, on the other hand, have traditionally managed rich people’s money — people who can take bigger risks in order to get bigger returns. When repeal of Glass-Steagall brought investment and commercial banks together, the investment-bank culture came out on top. There was a demand for the kind of high returns that could be obtained only through high leverage and big risk-taking.
Senators Maria Cantwell (D-WA) and John McCain (R-AZ) advocated the return of Glass-Steagall as well:
So much U.S. taxpayer-backed money is going into speculation in dark markets that it has diverted lending capital from our community banks and small businesses.em) were barred from holding advisory positions in companies whose primary purpose was trading securities.
Remember too big to fail and too big to jail means that the Big 5 banks in this country are ABOVE the LAW! TAKE ACTION NOW - CALL YOUR CONGRESSMAN, CALL YOUR SENATOR, SUPPORT the Return to Prudent Banking Act of 2013. Learn more here.
This is not a left or a right issue. This is COMMON SENSE!
Spend a little time to understand the issue and the it should be clear.
TAKE ACTION NOW - CALL YOUR CONGRESSMAN, CALL YOUR SENATOR, SUPPORT the Return to Prudent Banking Act of 2013. Learn more here.
"Blowback" - invented by the CIA, refers to the unintended results of American actions abroad. Chalmers Johnson wrote a great book on it. If you do not describe American foreign policy as "empire building" then you are a MORON. If you blame just Obama, then you are a MORON because regime change has been in the works since before George Bush took office. For more on that, read The Grand Chessboard by Zbigniew Brzezinski. He's the guy who CREATED the Mujahideen in Afghanistan in the 1970's, provoking the USSR to invade, which ultimately caused their bankruptcy.
Army concern about the way President Mohamed Morsi was governing Egypt reached tipping point when the head of state attended a rally packed with hardline fellow Islamists calling for holy war in Syria, military sources have said.
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Mr Morsi himself called for foreign intervention in Syria against Mr Assad, leading to a veiled rebuke from the army, which issued an apparently bland but sharp-edged statement the next day stressing that its only role was guarding Egypt’s borders.
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“The armed forces were very alarmed by the Syrian conference at a time the state was going through a major political crisis,” said one officer, whose comments reflected remarks made privately by other army staff. He was speaking on condition of anonymity because he was not permitted to talk to the media.
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For the army, the Syria rally had crossed “a national security red line” by encouraging Egyptians to fight abroad, risking creating a new generation of jihadists, said Yasser El-Shimy, analyst with the International Crisis Group.
At the heart of the military’s concern is the history of militant Islam in Egypt, homeland of al-Qaeda leader Ayman al-Zawahri. The military source condemned recent remarks made by “retired terrorists” allied to Mr Morsi, who has deepened his ties with the once-armed group al-Gamaa al-Islamiya.
Support of Western intervention in Syria was also one of the main causes of the recent enormous protests in Turkey … which came close to toppling the Turkish leadership.
Indeed, the American government has been providing arms, money and logistical support to Al Qaeda in Syria, Libya, Mali, Bosnia and other countries – and related Muslim terrorists in Chechnya, Iran, and many other countries. So moderate Arabs all over the Middle East and North Africa are becoming furious at U.S. interventionist policies.
