Here's a nice article. This is a very very nice history lesson of the creation of the (un)Federal (no)Reserve (monopoly)System. It's long, so set some time aside.
The final quote of the article is this, about the Federal Reserve: "The name of the game isn't about money, it's about power." Yup, 'bought sums it up.
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Exposing the Federal Reserve
http://www.silverbearcafe.com/private/2.08/exposingthefed.html
We'll start way back in history to give some kind of historical perspective to this; we'll go back to the first century BC and the tiny kingdom of Phrygia. There was a philosopher by the name of Epictetus and it was Epictetus who said:
Appearances are of four kinds: things either are as they appear to be; or they neither are nor appear to be; or they are but do not appear to be; or they are not and yet appear to be.
When I read that statement for the first time, I had a big chuckle over it and I thought for sure that if Epictetus were alive today he would probably be a Harvard professor of money and banking; it sounds like so many explanations that I have read about various aspects of the Federal Reserve System. What he did was he took a fairly simple concept but by the time that he was through explaining it, we didn't have any idea what he was talking about. All Epictetus said was that appearances can sometimes be deceiving. That's all he said but by the time he was through explaining the four different ways in which they can be deceiving, we were left back at the switch somewhere.
Nevertheless, I thought, accidentally perhaps, Epictetus had given me a track to run on so-to-speak. Actually it could be the theme since if there's anything in the world that is deceiving it is the Federal Reserve System. In fact, it is one of those appearances of the fourth kind which are those appearances which are not and yet appear to be. I'm going to use that as sort of a hook on the topic. We'll come back to it from time-to-time and punctuate it if I can remember to do that because it tells us something at the most fundamental level about the Federal Reserve System and that is that appearances can be deceiving.
When I did my research on this topic I came to the startling conclusion that the Federal Reserve System does not need to be audited, it needs to be abolished. This is very intriguing to think we should audit the Fed but I discovered that probably if they audited the Fed it would get a clean bill because it's undoubtedly doing exactly what it's supposed to do according to the law. What it is supposed to do according to the law is justification for abolishing it so all we have to do is understand what the Federal Reserve System is supposed to do and we'll be pretty upset about it. The fact of the matter is that most people haven't the foggiest idea of what it is in fact supposed to do.
I came to the conclusion that the Federal Reserve needed to be abolished for seven reasons. I'd like to read them to you now just so that you get an idea of where I'm coming from, as they say. I put these into the most concise phrasing that I can to make them somewhat shocking and maybe you'll remember them:
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z
Thursday, May 19, 2011
Obama Bombshell: New Birth Certificate a Forgery
Obama Bombshell: New Birth Certificate a Forgery
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z
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Guns N' Roses - Civil War
Tonights theme song is "Guns N' Roses - Civil War".
"What we've got here is failure to communicate.
Some men you just can't reach...
So, you get what we had here last week,
which is the way he wants it!
Well, he gets it!
N' I don't like it any more than you men." *
Look at your young men fighting
Look at your women crying
Look at your young men dying
The way they've always done before
Look at the hate we're breeding
Look at the fear we're feeding
Look at the lives we're leading
The way we've always done before
My hands are tied
The billions shift from side to side
And the wars go on with brainwashed pride
For the love of God and our human rights
And all these things are swept aside
By bloody hands time can't deny
And are washed away by your genocide
And history hides the lies of our civil wars
D'you wear a black armband
When they shot the man
Who said "Peace could last forever"
And in my first memories
They shot Kennedy
I went numb when I learned to see
So I never fell for Vietnam
We got the wall of D.C. to remind us all
That you can't trust freedom
When it's not in your hands
When everybody's fightin'
For their promised land
And
I don't need your civil war
It feeds the rich while it buries the poor
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
I don't need your civil war
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z
"What we've got here is failure to communicate.
Some men you just can't reach...
So, you get what we had here last week,
which is the way he wants it!
Well, he gets it!
N' I don't like it any more than you men." *
Look at your young men fighting
Look at your women crying
Look at your young men dying
The way they've always done before
Look at the hate we're breeding
Look at the fear we're feeding
Look at the lives we're leading
The way we've always done before
My hands are tied
The billions shift from side to side
And the wars go on with brainwashed pride
For the love of God and our human rights
And all these things are swept aside
By bloody hands time can't deny
And are washed away by your genocide
And history hides the lies of our civil wars
D'you wear a black armband
When they shot the man
Who said "Peace could last forever"
And in my first memories
They shot Kennedy
I went numb when I learned to see
So I never fell for Vietnam
We got the wall of D.C. to remind us all
That you can't trust freedom
When it's not in your hands
When everybody's fightin'
For their promised land
And
I don't need your civil war
It feeds the rich while it buries the poor
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
I don't need your civil war
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z
Record High: 28% of 401(k) Account Holders Have Outstanding Loans
Record High: 28% of 401(k) Account Holders Have Outstanding Loans
http://www.shtfplan.com/headline-news/record-high-28-of-401k-account-holders-have-outstanding-loans_05192011
With some 3.47 million people (up nearly 60,000 in April) currently receiving emergency unemployment benefits and a total of 8 million receiving benefits from all programs, it only makes sense that despondent Americans are tapping all available means to maintain some semblance of normalcy.
According to AON Hewitt, Americans are taking loans from their 401(k) accounts now more than ever before in an effort to stay afloat:
This report explores the magnitude of the problems, their impact to participant savings and ideas to curb these behaviors.More than 1.8 million employees were examined across over 110 large defined contribution plans. Participant data wasanalyzed through year-end 2010.
…
Through the mid-2000s, loan usage was fairly steady.However, in the years following the 2008 financial crisis, loan usage has steadily climbed. As of year-end 2010, nearly28% of active participants had a loan outstanding, which is a record high. Nearly 14% of participants initiated newloans during 2010, slightly higher than previous years. The average balance of the outstanding amount was $7,860,which represented 21% of these participants’ total plan assets. Although the majority of the participants (68.3%) hadonly one loan outstanding, 29.2% had two loans outstanding simultaneously and 2.5% had more than two loans.
What choice do people have when they can’t find jobs, unemployment compensation is not enough or runs out, and the price of everything important is rising?
And what, pray tell, is the solution from Congress? Simple. Restrict Americans’ ability to take out loans from their own accounts (but it’s ok for the government to raid pension funds when they need money!).
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z
http://www.shtfplan.com/headline-news/record-high-28-of-401k-account-holders-have-outstanding-loans_05192011
With some 3.47 million people (up nearly 60,000 in April) currently receiving emergency unemployment benefits and a total of 8 million receiving benefits from all programs, it only makes sense that despondent Americans are tapping all available means to maintain some semblance of normalcy.
According to AON Hewitt, Americans are taking loans from their 401(k) accounts now more than ever before in an effort to stay afloat:
This report explores the magnitude of the problems, their impact to participant savings and ideas to curb these behaviors.More than 1.8 million employees were examined across over 110 large defined contribution plans. Participant data wasanalyzed through year-end 2010.
…
Through the mid-2000s, loan usage was fairly steady.However, in the years following the 2008 financial crisis, loan usage has steadily climbed. As of year-end 2010, nearly28% of active participants had a loan outstanding, which is a record high. Nearly 14% of participants initiated newloans during 2010, slightly higher than previous years. The average balance of the outstanding amount was $7,860,which represented 21% of these participants’ total plan assets. Although the majority of the participants (68.3%) hadonly one loan outstanding, 29.2% had two loans outstanding simultaneously and 2.5% had more than two loans.
What choice do people have when they can’t find jobs, unemployment compensation is not enough or runs out, and the price of everything important is rising?
And what, pray tell, is the solution from Congress? Simple. Restrict Americans’ ability to take out loans from their own accounts (but it’s ok for the government to raid pension funds when they need money!).
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z
The World Is Cornering The Elite…
The World Is Cornering The Elite…
http://dont-tread-on.me/the-world-is-cornering-the-elite/
A recent article by Costata put forth the theory that silver is a losing bet, because the Elite won’t let it threaten their interests. His article , Has the Silver Market Been Cornered… AGAIN? is the latest in the silver bashing parade. A couple of my readers would like my opinion of his theory and it’s possible implications on the silver market.
Costata starts with, all works of fiction require “a willing suspension of disbelief”. I find this as an interesting starting point, but not for the reason he sets forth. You see we are living in the great fiction of the American Dream.
It is a place where generations can get something for nothing.
It is a world where we can print unlimited money/debt from a privately, foreign owned central banks.
It is a dream of a consumer led society and not of a manufacturing society.
It is a hallucination of trillion dollar war machines securing the world’s natural resources for the Elite and their corporations.
It is a land where people think that the digits on their screen are real wealth and that fractional reserve banking is safe.
It is an illusion that the more debt we create, the richer we are.
“It is said that men go mad in herds, and only come to their senses slowly and one by one.” -Charles MacKay.
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z
http://dont-tread-on.me/the-world-is-cornering-the-elite/
A recent article by Costata put forth the theory that silver is a losing bet, because the Elite won’t let it threaten their interests. His article , Has the Silver Market Been Cornered… AGAIN? is the latest in the silver bashing parade. A couple of my readers would like my opinion of his theory and it’s possible implications on the silver market.
Costata starts with, all works of fiction require “a willing suspension of disbelief”. I find this as an interesting starting point, but not for the reason he sets forth. You see we are living in the great fiction of the American Dream.
It is a place where generations can get something for nothing.
It is a world where we can print unlimited money/debt from a privately, foreign owned central banks.
It is a dream of a consumer led society and not of a manufacturing society.
It is a hallucination of trillion dollar war machines securing the world’s natural resources for the Elite and their corporations.
It is a land where people think that the digits on their screen are real wealth and that fractional reserve banking is safe.
It is an illusion that the more debt we create, the richer we are.
“It is said that men go mad in herds, and only come to their senses slowly and one by one.” -Charles MacKay.
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z
China's demand for gold continues to grow
China's demand for gold continues to grow
http://www.chinadaily.com.cn/cndy/2011-05/20/content_12545036.htm
BEIJING - China's demand for gold continues to grow, led by the country's taste for gold jewelry, according to a report by the World Gold Council (WGC).
In the report released on Wednesday, the WGC said demand for gold jewelry jumped on the Chinese mainland by 21 percent year-on-year to a quarterly record of 142.9 tons, valued at $10.4 billion and accounting for 25.8 percent of total gold jewelry demand in the first quarter of 2011.
"Jewelry is by far the most dominant category in the Chinese gold market, compared with investment and technology," said Albert Cheng, managing director of the WGC's Far East branch.
He added that China's continued economic growth and public holidays will fuel gold jewelry demand in the second and third quarters of this year.
Cheng said that China has been the largest physical bar and coin investment market, whose growth in gold investment demand totaled 90.9 tons during the quarter. The annual gold demand was 187.4 tons in 2010, an increase of 71.1 percent over the previous year.
The report said gold demand in the technology sector is buoyant in China as the country becomes an increasingly important center for the manufacturing and assembly of electronics components.
According to the report, gold demand in the first quarter of 2011 totaled 981.3 tons, worth $43.7 billion.
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z
http://www.chinadaily.com.cn/cndy/2011-05/20/content_12545036.htm
BEIJING - China's demand for gold continues to grow, led by the country's taste for gold jewelry, according to a report by the World Gold Council (WGC).
In the report released on Wednesday, the WGC said demand for gold jewelry jumped on the Chinese mainland by 21 percent year-on-year to a quarterly record of 142.9 tons, valued at $10.4 billion and accounting for 25.8 percent of total gold jewelry demand in the first quarter of 2011.
"Jewelry is by far the most dominant category in the Chinese gold market, compared with investment and technology," said Albert Cheng, managing director of the WGC's Far East branch.
He added that China's continued economic growth and public holidays will fuel gold jewelry demand in the second and third quarters of this year.
Cheng said that China has been the largest physical bar and coin investment market, whose growth in gold investment demand totaled 90.9 tons during the quarter. The annual gold demand was 187.4 tons in 2010, an increase of 71.1 percent over the previous year.
The report said gold demand in the technology sector is buoyant in China as the country becomes an increasingly important center for the manufacturing and assembly of electronics components.
According to the report, gold demand in the first quarter of 2011 totaled 981.3 tons, worth $43.7 billion.
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z
States Look at Bringing Back Gold, Silver Coins
States Look at Bringing Back Gold, Silver Coins
http://www.cbn.com/cbnnews/finance/2011/May/States-Look-at-Bringing-Back-Gold-Silver-Coins-/
South Carolina is the latest state to propose a bill that would allow gold and silver coins to be used as legal tender.
On Wednesday, American Principles in Action, a conservative non-profit group, announced that the bill has the official support of the South Carolina Republican Party.
"The South Carolina legal tender bill follows the passage of a new law in Utah, which on May 9th became the first state in more than a century to recognize gold and silver coins as legal tender," the group said.
"Article I, Section 10 of the U.S. Constitution specifies that the states shall not 'make anything but gold and silver coin a payment in tender of debts,'" they continued. "With the federal government clearly abdicating its responsibility to regulate the value of money, states across the country are moving to exercise this constitutional power."
More than a dozen other states are considering similar moves.
The state of Utah started the trend earlier this month when it recognized gold and silver coins minted by the U.S. government as money.
Rising inflation and the nation's weak economy is leading to the new focus on gold. Tea Party leaders and conservative economists say using gold would help restrain government spending and keep the Central Bank's power in check.
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z
http://www.cbn.com/cbnnews/finance/2011/May/States-Look-at-Bringing-Back-Gold-Silver-Coins-/
South Carolina is the latest state to propose a bill that would allow gold and silver coins to be used as legal tender.
On Wednesday, American Principles in Action, a conservative non-profit group, announced that the bill has the official support of the South Carolina Republican Party.
"The South Carolina legal tender bill follows the passage of a new law in Utah, which on May 9th became the first state in more than a century to recognize gold and silver coins as legal tender," the group said.
"Article I, Section 10 of the U.S. Constitution specifies that the states shall not 'make anything but gold and silver coin a payment in tender of debts,'" they continued. "With the federal government clearly abdicating its responsibility to regulate the value of money, states across the country are moving to exercise this constitutional power."
More than a dozen other states are considering similar moves.
The state of Utah started the trend earlier this month when it recognized gold and silver coins minted by the U.S. government as money.
Rising inflation and the nation's weak economy is leading to the new focus on gold. Tea Party leaders and conservative economists say using gold would help restrain government spending and keep the Central Bank's power in check.
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z
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