Archive for the ‘federal reserve’ Category

Democracy + Unregulated Capitalism = Corporatocracy

February 18, 2012 2 comments

Game Over

Turn out the lights, the fat lady has sung.

We now have the equation that changes the theory to law. This is the end of “The Great Experiment”

The hypothesis of The Great Experiment was “We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”

Once we relinquished our currency in 1913, and deregulated investments and international banking, we bastardized The Great Experiment. The equation changed from one of “how to form a perfect union” to “what happens when corporations rule a society”. Here is the end equation of The Great Experiment.

Democracy + Unregulated Capitalism = Corporatocracy

Our founding fathers could not have imagined that this was the equation of the American Experiment. They started with a rough copy of the French democracy and added their own American flair. They knew one thing for certain. They knew that banks ruin civilizations.
Our founding fathers took every precaution possible to keep us from this end to our great country, but even that was not enough. Corporations have won. We are no longer a functional democracy, but rather a corporatocracy. They are in control and there is nothing that our current democratic society can do about it.

Evidence of our founding fathers desire to restrict banking and business is everywhere in the early legislation of our government. In fact, our entire revolution was based around the fact that England and international bankers wanted to maintain control of our money system, tax system, and trade system. With this control, they could effectively enslave us. That was the corporatocracy model in the time of monarchs. Now we are slaves in the corporatocracy model of capitalism.

The entire fight of our independence has been best summed up in the book “Pawns in the Game”. While there are religious undertones in this old book, it is still a wealth of information on the reality of influence by international banking on our society. This same influence that was defeated in the Revolutionary War, that is now in control of our government.

Pawns in the Game – CHAPTER FIVE
The American Revolution

In order to understand how men who obtained control of the Bank of England, and the British National Debt, also obtained control of the trade and commerce, and the monetary system of Britain’s American colonies, it will be sufficient if we pick up the threads of the story at the time Benjamin Franklin (1706-1790) went over to
England to represent the interests of the men who had been associated with him in building up the prosperity of the American Colonies.

Robert L. Owen, former chairman, Committee on Banking and Currency, United States Senate, explains the matter on page 98 of Senate Document No. 23. He states that when associates of the Rothschild’s asked Franklin how he accounted for the prosperous conditions prevailing in the colonies, he replied : “That is simple — In the Colonies we issue our own money. It is called Colonial Script — We issue it in proper proportion to the demands of trade and industry.”

Robert L. Owen remarked that not very long after the Rothschilds heard of this they realized the opportunity to exploit the situation with considerable profit to themselves. The obvious thing to do was to have a law passed prohibiting the Colonial officials from issuing their own money and make it compulsory for them to obtain the money they required through the medium of the Banks. Amschel Mayer Rothschild was still in Germany but he was supplying the British Government with Mercenary Troops at £8 per man. Such was his influence that in 1764 he succeeded, through the Directors of the Bank of England, in having laws passed in accordance with his dictates.

The authorities in the Colonies had to discard their Script money. They had to mortgage the Colonial assets and securities to the Bank of England in order to borrow the money they needed to carry on business. Referring to those facts Benjamin Franklin stated. “In one year the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.” Franklin stated : “The Bank of England refused to give more than 50 per cent of the face value of the Script when turned over as required by law. The circulating medium of exchange was thus reduced by half”.[1]

Mr. Franklin disclosed the primary cause of the Revolution when he said: “The Colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the Colonies their money, which created unemployment and dissatisfaction.”

Dissatisfaction became general, but very few Colonials realized that the taxation, and other economic sanctions being imposed on them, were the results of the activities of a small group of International Gangsters, who had succeeded in obtaining control of the British Treasury, after they had obtained control of the Bank of England. It has already been shown how they jumped Britain’s National Debt from £1,250,000 in 1694 to £16,000,000 in 1698, and increased it progressively to £885,000,000 by 1815, and £22,503,532,372 by 1945.

On April 19th 1775, the first armed clashes between British and Colonials took place at Lexington and Concord. On May 10th the Second Continental Congress met at Philadelphia and George Washington was placed at the head of the Naval and Military Force. He took command at Cambridge. On July 4th, 1776 Congress adopted the Declaration of Independence.

For the next seven years the International money-lenders urged and financed the Colonial War. The Rothschilds made plenty of money supplying the British with German Hessian soldiers with which to fight the Colonists. The average Britisher had no quarrel with his American cousins.[2] He secretly sympathized with them.

On October 19th, 1781 the British Commander, General Cornwallis, surrendered his whole army, including what was left of the Hessians. On September 3rd, 1783 the Independence of the United States was recognized by the Peace Treaty of Paris. The only real losers were the British people. Their National Debt had been increased tremendously and the International money-lenders (who were in reality the Secret Power behind the World Revolutionary Movement) had succeeded in the first stage of the long range plans towards the dissolution of the British Empire.[3]

The agents of the international bankers worked industriously to prevent unity. By keeping the various states in America separated it was much easier to exploit them. To prove the continuity of the Foreign money-lenders meddling in the affairs of every nation it is sufficient to record that the Foundling Fathers of the United States meeting at Philadelphia in 1787 talked over the importance of bringing in some form of legislation which would protect them against the exploitation of the International Bankers.

The agents of the international bankers organized active lobbying. They used intimidation. But despite all their efforts paragraph 5, of Section 8, of the First article of the new American Constitution read : “CONGRESS SHALL HAVE THE POWER TO COIN MONEY AND REGULATE THE VALUE THEREOF”.

The vast majority of the United States’ citizens consider the Constitution an honoured, and almost sacred, document. All laws passed since then are SUPPOSED to conform with the provisions of the Constitution. The fact that subsequent legislation dealing with finance and currency, have been in violation of the provisions laid down in Article 1, Section 8, paragraph 5, proves how powerful the bankers have been in the political field.

Now consider our government today. The money is held and printed by the private banks of the Federal Reserve. The endless wars financed are identical to the wars England financed at the time of our revolution. The defining of corporations as people in our country was the final piece of the puzzle that allowed international corporations exclusive power over our government.

As of 2012, the United States of America is a complete corporatocracy, and it is bankrupt. These bankers have now set their sites on China. They controlled England and after bankrupting it, the came after the USA. Now that the USA is bankrupt, they are going after the new global financial powerhouse…..China.

Itia (Abroad)


Biggest Holders of US Debt : The Debt Lie

February 2, 2012 3 comments

Paul Toscano of CNBC released an article on what he called the “Biggest Holders of US Government Debt”. His article is misleading in many ways, and completely wrong in its main assumption.

When he lists “Federal Reserve and Intragovernmental Holdings” as the primary holder of US Government Debt, it is misleading. To say that the Federal Reserve, which is printing the money, and is buying the debt with that printed money, is a “holder of US debt” is impossible. When money is printed it is sold to a 3rd party who gives value for that printed paper. When the printers of that money use the same printed money to buy the debt it is all smoke and mirrors. There is no actual transfer of value. No payment. No “PURCHASE”.

There are two sickening byproducts to this activity, and they should both be grounds to prosecute those who are taking part in this activity.

1) The Federal Reserve gains more debt paper against the US Tax Payer and can therefore charge the US Tax Payer interest on that paper. In essence they are giving us a loan without giving us any value for that loan. Using something that has no value (Their purchase of US Debt with the legal tender that they printed at no cost to them). Isn’t that the definition of fraud or even Ponzi Scheme?

2) They are making a false demand for US Debt. The greatest fear of the US Government is the day in which an auction of US Treasuries is held and there are no buyers. What Mr. Toscano’s statement about the largest holders of US debt tells us is that there is not nearly the demand for US debt as you hear in the news.

U.S. Receives Record Demand For Its Bonds Under Obama

Record Demand for US Debt Leads Some to Call for More Government Borrowing

Record demand for US debt : The Hill

Can you see the game? Tell everyone that demand is high. Bet that they won’t guess that it is you buying your own debt with your own printed paper. Trick them into allowing you to borrow more. Trick the US Government into spending more.

The US Government won’t stop spending until we reach our “Credit Limit”. The truth is we reached it a long time ago. When the Federal Reserve buys its own debt paper, then the government thinks that we have more credit to spend because, after all, we sold all the debt paper we had to sell at the auction…….right?

Wrong. The Federal Reserve is thrilled that we have an 15+ trillion dollar debt. They are loving every penny of interest they receive. Private bank….private bankers….sucking the United States dry.

How do they keep the Ponzi Scheme going? They put out false information. Take a look at the USA Today article about foreign investment in the US.

Foreign holdings of Treasuries hits record high In this article the Federal Treasury announced: Total foreign holdings increased 1.7% in November to $4.75 trillion.

This makes it sound like the international demand for US debt is at an all time high. If that is true, then why is China selling off their debt?

The bottom line is that this is a rigged game. At $6.328 trillion the Federal Reserve and Intragovernmental Holdings is five times higher than the next closer investor. With the current debt of around 15 trillion dollars, that means that they hold over 1/3 of the total debt. That means that a third of the time, auctions do not have enough buyers so the Fed buys its own debt.

Itia (Abroad)


January 29, 2012 Leave a comment

There is rhetoric worldwide that states “China RMB is undervalued”. This is one of the scientific proofs that if you say a lie enough times, people will believe it. The truth is that China RMB is not undervalued. Chinese people are paying the same money for goods as the people in America and England. But hearing the politicians and bankers, you would never know that is true.

BBC said “It is a controversial topic. So controversial that Mr Lamy noted to general laughter that his briefing notes told him “to shut up” should the topic come up at Davos.

Still, he listed what everyone generally agrees on: The Renminbi is undervalued, should be “internationalised” (which means allowed to float freely).”

What this is really saying is that every western country wants China to simply inflate its currency so that their country’s debt lowers without any real work.

America is also guilty of wanting free money from China. Our Treasury Secretary is one of the biggest repeaters of this lie.

US Treasury Secretary Timothy Geithner complained Friday that China is still keeping the Renminbi below its fair value

Humans are simple animals. We so often ignore factual evidence and side on extreme beliefs. Even Nobel Prize winners fall into this trap.

The yuan’s undervaluation has become so considerable that economists now blame it for stifling the economic recovery and pushing us into a liquidity trap. Nobel laureate Paul Krugman has even urged the Treasury Department to formally label China a currency manipulator so the U.S. could then institute tariffs and other trade barriers without running afoul of the World Trade Organization.

What he is really saying is that if China did not fight the inflation of it’s currency, then the money traders of the world would push it up on speculation. If left unregulated by the China government, the currency would rush towards a 4 to 1 trading against the USD and crush the China economy in just a few months. So the Chinese government is protecting their people against the money traders in America and England, but why?

Lets forget the fact that China has already given up 25% of the RMB’s discount against the American dollar. Lets forget that every Chinese has lost 25% of their life savings against a currency in a country that has one of the lowest individual saving rates of any industrialized country. Lets look at the two main factors of a country’s currency value.

Factors: Income : Cost of goods

These are the only two things that matter in the world of true currency values. How much are Chinese workers making? What can their money buy? Is the price of good for them less than the price of their American counterparts?

Lets take a closer look…..

The wages in China are low for factory workers and entry level professionals. They are not the lowest in the world by any measure, but they are much lower than the United States. Entry level in the US is about $2000 per month take home pay and entry level in China is about $500 take home pay.

Price of goods is equal, and sometimes more expensive in China than the American counterparts.

Buying a home in China : More expensive than the US
Buying a car in China : More expensive than in the US
Buying meat : Beef more expensive : Chicken and pork a little cheaper.
Buying fruits in China : Same prices as USA
Buying vegetables in China : a little cheaper than the USA
Buying clothes and shoes : same prices as in USA
Buying a vacation trip or international flight : same price as in USA
Buying books, technology, phones, computers etc: Same price as in the USA

The PRICE IS THE SAME. The people are paying the same amount of money for goods! They are earning LESS money per month, and spending the same amount of money for the same goods. How could anyone think that the currency is undervalued??????? It is completely insane thinking.

So how to Chinese people do better at saving than their American counterparts?

1) They commute with public transportation instead of owning a car.
2) They rent or combine income with all family members to buy a home.
3) China government has sensible home buying mortgage programs.
4) Health care is affordable even at their salaries and many companies offer health insurance at no cost to their employees.
5) Restaurants offer many simple noodle and vegetable dishes for only $2 or $3.

These combined variables add up to a similar standard of living (just not as much space taken up per person, or beef consumed per person) as other industrialized countries. But this standard of living depends on the value of the RMB to remain stable and equal to other currencies.

If American and England get their way, Chinese people will be paying 50% more for foods, cars, clothing and homes (based on the price of each item per $) That is why the Chinese government is standing in the way. It is protecting its own people from the speculative trading habits of international money traders and fraudulent organizations like The Federal Reserve in the United States.

I am an American, but seeing the prices Chinese people pay, first hand, I know that my country is running a scam against the Chinese government and I want to make them stop.

The RMB (Renminbi) is properly valued now….IF NOT A LITTLE OVERVALUED….according to the price index of goods and services paid by the people of China. Get that through your thick head Geithner!

U.S. Sanctions against China: How China Can Stop Them

Its understood that our Congress is going to attempt to punish another country for our own stupidity: Bill Punishing China for Currency Manipulation Moves Closer to Senate Vote

Our lawmakers seem to think, that after all the recent financial disasters in America, it is time to blame it all on someone else. The evidence of foul play is in the ink from their own hands. Congress is the bad guy here. Congress has the lawmaking ink trail that proves that they are not only controlled by banks, but are singularly focused on the welfare of banks instead of the American people. Just take a look at this bailout history. You can see where bailouts have gone from troubling to insane….and from manufacturing to banking.

● Penn Central Railroad 1970 $3.2 billion
● Lockheed 1971 $1.4 billion
● Franklin National Bank 1974 $7.8 billion
● New York City 1975 $9.4 billion
● Chrysler 1980 $4.0 billion
● Continental Illinois National Bank and Trust Company 1984 $9.5 billion
● Savings & Loan 1989 $293.3 billion
● Airline Industry 2001 $18.6 billion
● Bear Stearns 2008 $30 billion
● Fannie Mae / Freddie Mac $400 billion
● American International Group (A.I.G.) 2008 $180 billion
● Auto Industry 2008 $25 billion
● Troubled Asset Relief Program 2008 $700 billion
● Citigroup 2008 $280 billion
● Bank of America 2009 $142.2 billion

The idea that JP Morgan, Citigroup , or Bank of America need this money is ridiculous. These are the banks that get FREE federal money on a daily basis in the form of loan funding. This “bailout money” was just more free money loans to help them make their highest profit margins ever.

The banks reporting record-breaking 2010 profits:

JP Morgan Chase Posts $17.4B Profit for 2010: An increase of 48 percent compared with $11.7 billion for the prior year.

Citi Reports Profit of $10.6B in 2010: That compares to a loss of $1.6 billion for the 2009 fiscal year. During the last three months of 2010, Citi posted net income of $1.3 billion.

The only reason why Bank of America was not on this list is because they made the insane purchase of Countrywide Loans which is going to hurt their published American bottom line for a few years.

So it comes down to this. Our Government is going to attempt to push through penalties on imported chinese products. This will most likely occur because of upcoming elections and the positive spin that the news media will put on “anti-Chinese” actions by our government.

I think it is a bad direction for our country, so I have some advice for China. China can stop this activity with a few calls. Don’t call the State Department. Don’t Call anyone in Congress. Don’t call Obama. They do not have any real authority. Call the people in power. Call the people who dictate all Congressional lawmaking activity to our Congress.

Place calls to the heads of JP Morgan, Morgan Stanley/Smith Barney, Bank of America, and Citigroup. Over the past 5 years they have made major moves to take advantage of your marketplace. They have many new offices and are spending hundreds of millions of dollars to establish the political and business relationships for their future in China. Let THEM know that you will tie their hands in China if America ties your hands in international trade.

Then watch how fast these Bills disappear from the Congressional agenda.

Itia (abroad)

Bank of America : US Corporations OUT OF CONTROL

September 29, 2011 Leave a comment

This become a textbook example of how US Corporations have become monsters within the United States that create bad government and poverty.

Today Bank of America announced it will start charging $5 per customer , per month for the use of their debit cards.

This may sound trivial, but you need to understand the mechanics of this decision and why it is the clearest, and simplest example of how wrong corporations are in our society.

This story begins in 2009 when Congress finally steps up to protect the US consumer against the big American banks. Everyone has known for years that banks rape customers with fees. The old days of banking are gone. The idea that a customer who puts money in is giving the bank an opportunity to make money from that deposit is gone. In fact the fees have gotten to the point of insanity and that is why the Congress finally stepped in.

The small and medium-sized banks were charging customers $26 per month on average for the privilege of giving the bank money so no bank can be free from blame. But it is the big banks like Bank of America that stood out with an average of almost $35 per month per customer in fees.

So Congress acted to limit the amounts the banks could collect with each transaction. They limited the amount of consumer rape the banks could commit at one time , to one consumer.

Did the banks get the message? Did the banks understand that they were wrong in the way they treat the US consumer? Did they show an ounce of humanity in living with a decision by the US Government? No. They don’t care about the wishes of the US people OR the US Government. They will rape us to their heart’s content. They proved this today by adding a $5 fee to EVERY debit card holder for each month they have the privilege of owning a debit card. This fee is on top of all the other fees they charge for ATM withdrawals and transactions.

Even our Judicial system has made rulings in favor of consumers who have been criminally wronged by banks and transaction fees. Judge in Bank Overdraft Fees Case Rules in Favor of Plaintiffs

Here is the bottom line. Banks and any other corporation can simply ignore our government and our society. They can do whatever they want to maximize returns. It is a virus on our society. A disease that has already changed our country permanently….and for the worse. Banks were projected to drop from over $20 billion in fees to just below $15 billion in fees.

Bank of America is out of control. They are abusing us and ignoring our system of government. This has to stop.

Itia (Abroad)

SECRET: Why Congress is Beating Up Google

September 20, 2011 Leave a comment

Its time to put 2 and 2 together. It has become obvious why Congress is picking on Google. A news release today gives light to why Congress, who has until now given Google free rein, has chosen to put the screws to them.

Google Wallet opens for business, Visa gets on board

To put it simply: We all know that our Congress is made up entirely of individuals who are slaves to their special interest PAC’s. The strongest PAC’s with the most power are the banking PAC’s. Now obviously, the most influential PAC’s are not the simple associations with registered PAC’s. The strongest banking PAC is made up of the same bankers who make up the Federal Reserve. Now that Google is stepping into the same business that earns the Federal Reserve bankers the MOST money, the FED has forced its Congressional puppets to try to stop Google.

Since the citizens of our country have demanded changes in the overdraft fees and the way credit card billing overcharges customers, banks are looking to replace the soon to be lost revenue source. Current bank plans include : Banks Shift From Overdraft Fees to Payday Loan Type Products : But this will not have the volume that the credit card interest fees and overdraft fees produced so the need another revenue stream. Google Wallet is the fat cow that they are dreaming about now and they are trying to steal it from Google using their most powerful tool….Congress.

Here is what to look for in the near future:

1) Antitrust claims against Google. Laughable since they are not dominant in any monopolistic way.

2) Forced divestiture of certain business segments in order to keep Google executives out of jail.

3) The spinoff of the Google Wallet business to a new consortium of bankers.

Why is this an obvious play on Google Wallet? Take a look at how long it took for Visa to agree to being a part of the platform! Google has used its strength to negotiate great agreements with the wireless companies and it can handle the transactions itself. This takes the profit away from the bankers!

Until now, I thought that our Congress was simply stupid in bringing Google before a Congressional hearing and threatening antitrust violations. Now I understand that it is a play by bankers to steal the Google Wallet platform from Google.

During the Presidency of George W. Bush, these same bankers are responsible for deregulating the Credit Default Swap industry.

The abuse of Google is a testament to the power of the international bankers in America. The fact that they are brazen enough to pull this stunt so quickly after the trillion-dollar losses from bank laws During the Bush Administration is proof of two facts. 1) Congress is completely obedient to the wishes of the international bankers. 2) The American public is too stupid to know when we are being robbed.

Itia (Abroad)

Zakaria and Washington Post Are Wrong About China

September 17, 2011 Leave a comment

There is so much misinformation coming out about China in the Western Media because there are so few people who have lived in the China economy and watched the China policy making in action.

Today the Washington Post released a letter to the editor from Joseph A. Bosco.
This guy is a clown from the Bush / Cheney administration who lives and breathes hatred without knowledge. He used the grade school spin that the Bush administration is famous for in seducing the American public into wars and hate crimes.

He stated “Remember when China was awarded the 2008 Olympics before making promised progress on political reform and human rights, which used to be a precondition for such a national honor?”

Nice spin school boy. It was the Olympic committee that required the improvement on human rights as a condition to the games being held on China soil. The reason why they did not push harder than that is because there are so many skeletons in the closet of my own country. Nicaragua, Guatemala, Guantanamo, Iraq secret prisons and now Libya and the crushing of the Palestinians are just a few of the publicly known horrors that Americans have to live with from bad government thanks to people like Joseph A. Bosco. At best, Bosco just stayed quiet about the damning events that happened while he was at the Secretary of Defense office. Most likely he created and put forth some of the suggestions to torture, and even to kill. So for him to be the American that pulls the “human rights” card is like James Earl Ray suggesting reverse discrimination.

Now to Zakaria’s article. This article is filled with some good data about the state of economies of several significant nations. Where it completely loses its validity is when it starts discussing the IMF and the need for consumers. Let me explain.

The time has come for China to adopt a broader concept of its interests and become a “responsible stakeholder” in the global system.

This could be the spur to giving China a much larger say at the IMF

Responsible Stakeholder? The IMF has a horrible track record of bankrupting countries. The loans are to give business to its own “preferred companies” through “technical assistance” and it cripples the countries with the debt. If you look at the historical debts, reasons for loaning the money, and the companies that profit, you will realize that the IMF is not the place that China should look to help stabilize the world economy.

The real problem is Italy, not Greece. Greece is a nano-state, representing 2 percent of the European Union’s gross domestic product. Italy is a G-7 country. Italy’s debt is 1.9 trillion euros, or 120 percent of its economy and greater than the debts of Spain, Portugal, Ireland and Greece combined.

In addition to the poor track record of the IMF, China knows that in becoming a greater part of the IMF they simply put themselves more under the control of the private banks in America. If Italy is in such bad shape with a debt of 120% of its economy, then why isn’t America seen as being in equal crisis? Our debt will soon match their percentage and it is already over 100% of our economy!

Lastly, there is the statement, “China would lose greatly in such a scenario because its consumers in Europe and America would stop spending.”

This is the greatest misunderstanding. It is the basic misconception that consumers “disappear”. That American and Europe are the most important markets on the planet for retail sales.

Welcome to the shift. The consumers are not disappearing. Most of the consumers in the world are NOW IN CHINA. China is just like America in the 1950’s. It has critical mass in its own development. Their focus is internal and it has a 20 year boom ahead of it. America and Europe should take a lesson from the China economy. Wars and the IMF drain the funds from your national budget necessary to maintain prosperity. Redirect those funds to infrastructure and technology and you will have a bright future.

America and Europe have switched from building their futures to the business model of a loan shark. There is no future in it. My country and the countries who depend on their financial sector for all jobs and income will continue to suffer and see the horrible segregation of their societies into a few ultra rich and a mass of pitifully poor. America now has 1 out of every 6 Americans living in poverty.

Itia (Abroad)