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Election Season 2014

And it has brought us to this trainwreck called ObamaCare and we have bankrupted our kids and grandkids!

We are now headed into the 2014 Election Season and common sense and conservatism are on the rise. Please stand-up and be counted!

Reading Collusion: How the Media Stole the 2012 Election is a great place to start!

The Founding Father's Real Reason for the Second Amendment

And remember the words of Thomas Jefferson "The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." See Video of Suzanna Gratia-Hupp’s Congressional Testimony: What the Second Amendment is REALLY For, below (u-tube HERE).

The Leaders Are Here... Palin, Cruz, Lee, Paul, Chaffetz....

T'S A WONDERFUL LIFE

Can You Really Still Believe That None of These People Would Have Done a Better Job???

Bloggers' Rights at EFF

SIGN THE PETITION TODAY...

Showing posts with label The Fed. Show all posts
Showing posts with label The Fed. Show all posts

Friday, August 24, 2012

Customer Deposits Are Property of the Bank: Close Your Account NOW

By Susanne Posel - heintelhub.com - August 24, 2012 – h/t to MJ

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds.

Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”

These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM).

This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”

Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.

When a banking customer deposits their money into their bank account, the Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SPIC) are in place to protect the customer from fraud or theft.

The ruling from the CCA means that these regulatory systems will not insure customer funds, investments, depositors and retirees who hold accounts in banks.

In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit.

Fred Grede, SMG trustee, explained that brokers are no longer required to keep customer money separate from their own. “It does not bode well for the protection of customer funds.”

Since the ruling gives banks the right to co-mingle customer funds with their own, no crime can be committed for the use of customer deposited monies.

According to Walker Todd , former lawyer for the Federal Reserve Bank of New York and Cleveland:

“Basically, there is a new 7th Circuit opinion saying that there is no reason to impose a constructive trust on a lender’s takings of customers’ funds from client commodity firms that were used (inappropriately) to secure the firms’ borrowings, as long as the lender can say that it did not know WITH CERTAINTY that customers’ funds were being repledged. Negligence and misappropriation (vs. knowing criminal intent) are now a sufficient excuse for letting the lender keep the money and go to the head of the line for distributions in bankruptcies of the client commodity firms.”

When a customer deposits money into a bank, the bank essentially issues a promise to have those funds available when the customer returns to withdraw the deposited amount.

When the same customer withdraws funds from their account (whether checking or savings) the customer assumes that the bank has enough funds to cover their withdrawal; including the presumption that their monies are separate from the bank’s assets.

Now, those funds are up for grabs by the bank at their discretion without explanation to the customer – nor is the bank obligated to recoup the customer should they “lose” those funds due to bad loans, bankruptcy or stock market loss.

In Texas, Pamela Cobb, manager of Bank of America (BoA), stole an estimated $2 million from customer funds for personal use. Cobb had been taking customer segregated funds since 2002.

Customers have complained of fraudulent charges placed on their accounts that BoA cannot explain. When the customer brings these charges to the in-house fraud department, they are given the run-around until they acquiesce.

Other customers have had their private possessions stolen right out of their safety deposit box held at BoA. The safety deposit box was drilled into and the contents shipped to the BoA corporate holding center in South Carolina.

In 1992 to 2003, Citibank called their theft of customer funds “account sweeping” wherein they stole more than $14 million from customers nationally.

Using computerized credit card processes to remove positive and negative balances from customers, the scheme included double payments or funds paid out on returned purchases that were then attributed back to the customer.

At Chase bank, an anonymous employee opened an account under a customer name (targeting an Alzheimer’s sufferer), complete with a personal debit card.

An estimated $300 per day was withdrawn on the fraudulent account. When family representing the victim alerted Chase, they brushed them off with an internal investigation claim – even as the family sought legal action.

Banking fraud against the elderly has risen of late, since banks realize they can steal massive amounts of cash from their aging customers with little to no repercussions.

The recent ruling on SMG has given the banking industry the legal backing they have been lacking when stealing from their customers.

Our financial institutions have been planning for a financial collapse wherein the US government will not offer assistance.

The resolution plans required by the Federal Reserve Bank, described schemes to have the major domestic banks remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”

The mega-banks, through Wall Street, are also acquiring firearms, ammunition and control over private mercenary corporations like DynCorp and ‘Blackwater” as authorized by the Department of Defense (DoD) directive 3025.18 .

DynCorp is a military-based private mercenary contractor that provides (among other services) intelligence training and support, international security, contingency plans and operations. Ninety-six percent of their funding is based on annual revenues from the US federal government.

The international branch of DynCorp has operated as a “police force” even assisting local law enforcement during Hurricane Katrina.

Named as investors for the amassing of gun and ammunition manufacturers are Citibank, BoA, Barclays and Deutsche Bank who are pouring money into Cerebus and Veritas Equity who have taken over private corporations involved in the controlling riot situations.

The Federal Reserve Bank, one of the heads of banking cartels, has their own police force which operates as a protective security for the Fed against the American public.

As part of the Federal Reserve Act signed in 1913, the designation of a Federal Law Enforcement – special police officers that are exclusively regulated by authority of the Fed (whether in uniform or plain clothes.

These specialized police officers (who train with Special Response Teams) can work in tandem with local law enforcement or US federal agencies. These officers are heavily armed with semi-automatic pistols, sub machine guns and assault rifles as well as body armor.

Of recent, when withdrawing cash from an ATM, the daily allotted amount has decreased with some banks, thereby forcing the customer to go into the branch and extract the difference with a teller.

At this point, according to anonymous informants, the customer is taken into a backroom to be questioned as to why they want the cash, what they are purchasing with the cash, why they are not choosing to use a debit card or another form of digital trade to make the purchase. These questions are not only intrusive, they are illegal.

Some anonymous sources have said that banking representatives who conduct the integrations are directed to keep a record of customer responses on an online application that will be sent to the FBI in conjunction with Patriot Act mandates on tracking banking activity.

Customer funds are no longer secure, no longer backed by the FDIC or other insurance corporations, and banks are legally allowed to co-mingled customer money with other funds of the bank. The only safe place for your money is with you.

Now is the time to close your bank account.

Susanne Posel is the Chief Editor of Occupy Corporatism Our alternative news site is dedicated to reporting the news as it actually happens; not as it is spun by the corporate-funded mainstream media. You can find us on our Facebook page.

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Saturday, May 12, 2012

American Freedom – Chinese Style?

A Chinese Group Plans To Construct A 200 Acre 

A Chinese group known as "Sino-Michigan Properties LLC" has bought up 200 acres of land near the town of Milan, Michigan.  Their plan is to construct a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  Essentially, it would be a little slice of communist China dropped right into the heartland of America.  This "China City" would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States.  Unfortunately, this is not just an isolated incident.  In fact, Chinese companies have been buying up land and businesses all over the country in recent years.  There has even been talk of establishing "special economic zones" inside the United States modeled after the Chinese city of Shenzhen.  It was inevitable that the Chinese were going to do something with the trillions of dollars that they have made flooding our shores with cheap products.  Now they are rapidly buying up pieces of America, and many of our politicians are welcoming them with open arms.

The town of Milan, Michigan is a small farming community of only about 6,000 people, but big changes are coming their way.  The following is from a recent Dayton Daily News article about this new project....

A group of mainland Chinese known as Sino-Michigan Properties LLC paid $1.9 million for 200 acres of farmland on Milan city limits in purchases this year and in 2011, according to local officials and property records.

Unfortunately, the goal does not appear to be to integrate this new "city" into the existing community in and around Milan.

Rather, it appears that all of the new housing will be sold to people coming over from China.  According to the Milan News Leader newspaper, the new housing units "would be marketed to Chinese business people who want to start companies in the United States".

In essence, we would be looking at a new Chinese city right in the middle of Michigan.

Doug Smith, senior vice president for business and community development for the Michigan Economic Development Corp., recently said the following about what the Chinese group plans to do....

"It’s a group that wants to build a China city, starting with housing over there in Milan"

Milan is not far from the University of Michigan in Ann Arbor, which is a very popular destination for Chinese students.  Apparently that is one reason why Milan was chosen.

This new project would be a Chinese community built by Chinese and specifically designed for Chinese.

But isn't this supposed to be America?

Fortunately, the project does not have final approval yet.  It still must be approved by the two townships outside of Milan where the land is located.

For some reason, the Chinese seem to be particularly interested in this area of the country.

For example, a different Chinese investment group has been busy buying up chunks of real estate over in nearby Toledo, Ohio.  The following is from an article in the Toledo Blade on May 26th, 2011....

Dashing Pacific Group Ltd., which has already purchased the nearby Docks restaurant complex for $2.15 million, put its $3.8 million offer to buy the southern 69 acres at the Marina District in East Toledo back on the table for approval by Toledo City Council. Additionally, Dashing Pacific Chairman Yuan Xiaohong, in a letter signed in Hangzhou, said the firm wants a two-year option to buy the decommissioned Toledo Edison power plant property on the site.

So should we be alarmed that the Chinese are buying up pieces of America?

Well, if they simply wanted to enjoy living in America and wanted to integrate into the wider community that would be one thing.

But it is another thing altogether to start dropping slices of communist China inside of U.S. territory.

In a previous article entitled "China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho", I discussed a potential deal that Sinomach (a company controlled by the Chinese government) was exploring with the government of Idaho.  The following is a description of that potential project from an article in the Idaho Statesman....

A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

There was talk that this "technology zone" would be modeled after the "special economic zones" that have been developed in China.  The city of Shenzhen is perhaps the most famous example of this.

Fortunately that deal appears to have stalled, but other mammoth deals have been moving forward in other parts of the country.

For example, the Chinese have been very busy gobbling up oil and gas fields.  The following is a quote from a local Texas news source about a deal that a company owned by the Chinese government did with Chesapeake Energy down in Texas....

State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.

You can read more about that particular deal right here.

So is it really a good idea to be allowing the Chinese to buy up our precious energy resources?

The answer to that question is obvious.

Sadly, the examples noted above are not isolated incidents.  The truth is that the Chinese have been snapping up real estate and business assets all over America as a recent Forbes article explained....

According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.

So get ready - the Chinese are buying up U.S. land and they are moving in whether you like it or not.

So what will the long-term consequences be of allowing a communist superpower to buy up large sections of America?

That is a very good question.

Fed clears China's first US bank takeover

Yahoo ^ |Wednesday, May 09, 2012 6:33:39 PM · by GeorgeWashingtonsGhost · 18 replies

The United States on Wednesday opened its banking market to ICBC, China's biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia. The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States. ICBC has been the most aggressive of China's "big four" banks in expanding overseas. According...

 China & the Other Central Banks Are Buying Gold-Ranting Andy Hoffman--09.May.2012

The Financial Survival Network ^ | 05/09/2012 | Kerry Lutz  -  Listen to the Interview Here - http://financialsurvivalnetwork.com/2012/05/the-people-have-spoken/

www.FinancialSurvivalNetwork.com presents: "Ranting" Andy Hoffman gives us the update on the latest precious metals slam down; the reasons to own gold and silver couldn't be stronger. If the prices stay down this low, don't be surprised to witness a major flood of buying. We're also getting into the Indian Wedding Season, which will result in increased demand along with massive sovereign central bank purchases. This is worse than 2008, and banks are blowing up all over Europe. Spain has just bailed out its third largest bank. Who's going to bail out Spain? Greece is planning to reneg on its debt....

World Affairs Brief

Both Republican and Democratic administrations have been supplying the Chinese with high technology weapons systems for years, knowing that they, in turn, are supplying other enemies (Iran, Iraq, Pakistan, North Korea) as well. Both Russia and China continue to protest against any US anti-ballistic missile system, even though such systems are purely defensive. It doesn't take a genius to understand that ABM systems only threaten someone who intends to launch ballistic missiles someday.

"The US supplying Chinese with US high tech weapons systems?”

Note: He went into personal details not shown here, of experiences when as a person holding security classification, in U.S. weapons development, how they were ordered to allow Chinese military officers go over the details of secret projects they were working on !!

 Shocking News: China Sells Energy Pills Made From Baby Flesh

Customs officials in South Korea have uncovered a horrifying reality coming from China. Since last August, the Koreans have confiscated over 17,000 "energy pills" that were made from the dried flesh of babies. The rest of the nauseating details can be found HERE.

China is exporting pills made from dried and pulverized human baby flesh. [They are hyped as a medicinal cure-all.] DailyMail 2012 May 7 (Cached)
http://www.dailymail.co.uk/news/article-2140702/South-Korea-customs-officials-thousands-pills-filled-powdered-human-baby-flesh.html#ixzz1uDZvdZaW

 Soy-Crop Bust Spurs China to Drain U.S. Bins: Commodities

 China Has Hacked Our Electric Power Grid: Read About It In Screwed!
By DICK MORRIS  -  Published on DickMorris.com on May 10, 2012

In our new book Screwed!, we report that almost unnoticed and with no threat of retaliation, China has likely hacked into the United States electric grid, potentially giving it the ability to paralyze our economy and our nation by tapping a few keys on a computer. (This is an ad by Dick Morris for his book… but the book is well worth reading.  He covers a lot of important topics in great detail that others are ignoring!)

Writing in the Wall Street Journal, Bush's anti-terrorism coordinator Richard Clarke reports that "in 2009, the control systems for the U.S. electric power grid [were] hacked and secret openings created so that the attacker could get back in with ease.  One expert noted that the hackers "left behind software that could be used to cause disruptions or even shut down the system."

While we cannot confirm that it was China that did the hacking, it is the only country with the technical expertise in hacking to have accomplished it.

Click Here to order a copy of Dick and Eileen's new book, SCREWED!

What were the hackers after?  Clarke notes that "there is no money to steal on the electrical grid, nor is there any intelligence value that would justify cyber espionage.  The only point to penetrating the grid's controls is to counter American military superiority by threatening to damage the underpinning of the U.S. economy.  Chinese military strategists have written about how in this way a nation like China could gain an equal footing with the militarily superior United States."

Anti-terror watchdogs have long been aware of the danger of an electromagnetic pulse triggered by the explosion of a nuclear device in the atmosphere over the United States.  But by acquiring the ability to enter our grid anytime it wishes and disable it, China has likely acquired the ability to accomplish the same result without exploding a bomb.

Not only has Beijing likely hacked into our grid but, according to authors Brett M. Decker and William C. Triplett II in their excellent book Bowing to Beijing, China has even hacked into the Pentagon computer network "including the one serving [then] Defense Secretary Robert Gates." 

James Lewis, director of the technology and policy program at the Washington think tank Center for Strategic and International Studies called the Chinese hacking "an espionage Pearl Harbor."  Lewis told 60 minutes that China had downloaded vast amounts of information from every major U.S. agency saying that we have lost more information than is stored in the entire Library of Congress through Chinese hacking.

What is the U.S. doing about it? Nothing.  The modern day story of appeasement is not Obama's kowtowing to Muslim extremists as much as his total failure to confront China.

The president and Secretary of State Clinton fret over alienating China for fear that they will stop lending us money.  Romney, who understands these things better than either Obama or Clinton, emphasizes China's vulnerability. "We sell then $50 billion.  They sell us $400 billion.  They want a trade war?  Bring it on!"

The Chinese lend us money because they have to.  They buy dollars to make our currency artificially expensive and theirs' commensurately cheap.  With their currency manipulation, our products are 40% more costly in their markets and theirs' are 40% cheaper in our stores, fueling the imbalance of trade.  Once they own the dollars, what are they going to do with them?  The only safe thing is to buy U.S. Treasury notes, hence they "lend" us money.  If they stopped buying dollars and acquiring an unfair trade advantage over us, we wouldn't need them to keep lending us money, our economy would be thriving.

We cannot sit by complacently and let China rob us blind, hacking our technology, our military secrets, and our power grid.  We need a president who will stand up for America.

To grasp the appalling extent of Chinese hacking and espionage against the U.S. commercial and military sectors, read about it in Screwed!, on sale now!

Saturday, December 31, 2011

The spectre of 1932: How a loss of faith in politicians and democracy could make 2012 the most frightening year in living memory

Warning from the UK…

The dawn of a new year is usually a time of hope and ambition, of dreams for the future and thoughts of a better life. But it is a long time since many of us looked forward to the new year with such anxiety, even dread.

Here in Britain, many economists believe that by the end of 2012 we could well have slipped into a second devastating recession. The Coalition remains delicately poised; it would take only one or two resignations to provoke a wider schism and a general election.

But the real dangers lie overseas. In the Middle East, the excitement of the Arab Spring has long since curdled into sectarian tension and fears of Islamic fundamentalism. And with so many of the world’s oil supplies concentrated in the Persian Gulf, British families will be keeping an anxious eye on events in the Arab world.

The Battle of Cable Street: Mosley's fascists tried to march through the Jewish East End, a scene that could be repeated

The Battle of Cable Street: Mosley's fascists tried to march through the Jewish East End, a scene that could be repeated

Wall Street Crash 1929: Scenes outside the New York Stock Exchange on the day the stock market crashed may once again become a reality

Wall Street Crash 1929: Scenes outside the New York Stock Exchange on the day the stock market crashed may once again become a reality

Meanwhile, as the eurozone slides towards disaster, the prospects for Europe have rarely been bleaker. Already the European elite have installed compliant technocratic governments in Greece and Italy, and with the markets now putting pressure on France, few observers can be optimistic that the Continent can avoid a total meltdown.

As commentators often remark, the world picture has not been grimmer since the dark days of the mid-Seventies, when the OPEC oil shock, the rise of stagflation and the surge of nationalist terrorism cast a heavy shadow over the Western world.

For the most chilling parallel, though, we should look back exactly 80 years, to the cold wintry days when 1931 gave way to 1932.

The ultimate warning from history: If our political leaders fail to provide adequate direction the results, as demonstrated 80 years ago, could be catastrophic

The ultimate warning from history: If our political leaders fail to provide adequate direction the results, as demonstrated 80 years ago, could be catastrophic

Then as now, few people saw much to mourn in the passing of the old year. It was in 1931 that the Great Depression really took hold in Europe, bringing governments to their knees and plunging tens of millions of people out of work.

Then as now, the crisis had taken years to gather momentum. After the Wall Street Crash in 1929 — just as after the banking crisis of 2008 — some observers even thought that the worst was over.

But in the summer of 1931, a wave of banking panics swept across central Europe. As the German and Austrian financial houses tottered, Britain’s Labour government came under fierce market pressure to slash spending and cut benefits.

Bitterly divided, the Labour leader Ramsay MacDonald decided to resign from office — only to return immediately as the leader of an all-party Coalition known as the National Government, dominated by Stanley Baldwin’s Conservatives.

Like today’s Coalition, the National Government was an uneasy marriage. Sunk in self-pity and spending much of his time flirting with aristocratic hostesses, MacDonald cut a miserable and semi-detached figure. By comparison, even Nick Clegg looks a model of strong, decisive leadership.

As for the Tory leader Stanley Baldwin, he had more in common with David Cameron than we might think. A laid-back Old Harrovian, tolerant, liberal-minded and ostentatiously relaxed, Baldwin spent as much time as possible on holiday in the South of France, preferring to enjoy the Mediterranean sunshine rather than get his hands dirty with the nuts and bolts of policy.

Meanwhile, far from offering a strong and coherent Opposition, the rump Labour Party seemed doomed to irrelevance. At least its leader, the pacifist Arthur Henderson, could claim to be a man of the people, having hauled himself up by his bootstraps from his early days as a Newcastle metal worker.

Not even his greatest admirers could possibly say the same of today’s adenoidal, stammering Opposition leader, the toothless Ed Miliband.

The end of Democracy: The dire situation in 1932 led to many threats to the democratic system we so value, including the assassination of the French President Paul Doumer

The end of Democracy: The dire situation in 1932 led to many threats to the democratic system we so value, including the assassination of the French President Paul Doumer

With the politicians apparently impotent in the face of the economic blizzard, many people were losing faith in parliamentary democracy. Their despair was hardly surprising: in some industrial towns of the North, Wales and Scotland, unemployment in 1932 reached a staggering 70 per cent.

With thousands more being plunged out of work every week, even the National Government estimated that one in four people were making do on a mere subsistence diet. Scurvy, rickets and tuberculosis were rife; in the slag heaps of Wigan, George Orwell saw ‘several hundred women’ scrabbling ‘in the mud for hours’, searching for tiny chips of coal so they could heat their homes.

Feeling betrayed by mainstream politicians, many sought more extreme alternatives. Then as now, Britain was rocked by marches and demonstrations. In October 1932, a National Hunger March in Hyde Park saw bloody clashes between protesters and mounted policemen, with 75 people being badly injured.

Toothless: Ed Miliband can hardly claim to be a man of the people like the pacifist Arthur Henderson

Toothless: Ed Miliband can hardly claim to be a man of the people like the pacifist Arthur Henderson

And while Left-wing intellectuals were drawn to the supposedly utopian promise of the Soviet leader Josef Stalin — who turned out to be a brutal tyrant — thousands of ordinary people flocked to the banners of the British Union of Fascists, founded in the autumn of 1932 by the former Labour maverick Sir Oswald Mosley.

Never before or since has the far Right commanded greater British support — a worrying reminder of the potential for economic frustration to turn into demagogic resentment.

But the most compelling parallels between 1932 and 2012 lie overseas, where the economic and political situation was, if anything, even darker.

Eighty years ago, the world was struggling to come to terms with an entirely new financial landscape. In August 1931, the system by which currencies were pegged to the value of gold had fallen apart, with market pressure forcing Britain to pull the pound off the gold standard.

Almost overnight, the system that was supposed to ensure global economic stability was gone. And as international efforts to coordinate a response collapsed, so nations across the world fell back on self-interested economic protectionism.

In August 1932, the British colonies and dominions met in the Canadian capital, Ottawa, and agreed a policy of Imperial Preference, putting high tariffs on goods from outside the Empire. International free trade was now a thing of the past; in this frightening new world, it was every man for himself.

Today’s situation, of course, is even more frightening. Our equivalent of the gold standard — the misguided folly of the euro — is poised on the brink of disaster, yet the European elite refuse to let poorer Mediterranean nations like Greece and Portugal leave the eurozone, devalue their new currencies and start again.

Should the eurozone collapse, as seems perfectly likely given Greece’s soaring debts, Spain’s record unemployment, Italy’s non-existent growth and the growing market pressure on France’s ailing economy, then the consequences would be much worse than when Britain left the gold standard.

The shockwaves across Europe — which could come as early as next spring — would see banks tottering, businesses crashing and millions thrown out of work. For British firms that trade with Europe, as well as holiday companies, airports, travel firms and the City of London itself, the meltdown of the eurozone would be a catastrophe.

If the eurozone crisis intensifies, then it is no idle fantasy to imagine that Angela Merkel, Nicolas Sarkozy and their Brussels allies will demand an even greater centralisation of powers

If the eurozone crisis intensifies, then it is no idle fantasy to imagine that Angela Merkel, Nicolas Sarkozy and their Brussels allies will demand an even greater centralisation of powers

Vladimir Putin looks almost cuddly in comparison to the rule of dictatorial Stalin in 1932

Vladimir Putin looks almost cuddly in comparison to the rule of dictatorial Stalin in 1932

And as the experience of 80 years ago suggests, the political and social ramifications would be too terrible to contemplate. For in many ways, the 12 months between the end of 1931 and the beginning of 1933 were the tipping point between democracy and tyranny, the moment when the world plunged from an uneasy peace towards hatred and bloodshed.

In the East, new powers were already on the rise. At the end of 1931, Imperial Japan had already launched a staggeringly brutal invasion of China, the Japanese armies pouring into the disputed province of Manchuria in search of raw materials.

Today the boot is on the other foot, with China ploughing billions into its defence programme and establishing de facto economic colonies across Africa, bringing copper, cobalt and zinc back to the mother country.

Indeed, future historians may well look back and see the first years of the 2010s as the moment when the Chinese Empire began to strengthen its global grip.

In the Soviet Union in 1932, meanwhile, Stalin’s reign of terror was intensifying. With dissent crushed by the all-powerful Communist Party, his state-sponsored collectivisation of the Ukrainian farms saw a staggering 6 million die in one of the worst famines in history.

By these standards, the autocratic Vladimir Putin looks almost cuddly.

Barack Obama cuts a similarly impotent, indecisive and isolationist figure. The difference is that in 1932, one of the greatest statesmen of the century, the Democratic politician Franklin D. Roosevelt, was waiting in the wings

Barack Obama cuts a similarly impotent, indecisive and isolationist figure. The difference is that in 1932, one of the greatest statesmen of the century, the Democratic politician Franklin D. Roosevelt, was waiting in the wings (Most Americans who understand history and what is really behind Obama and his agenda would see this statement a bit different!)

And yet we should not forget that Putin himself described the fall of the Soviet empire as one of the greatest catastrophes of the century — and that half of all Russian teenagers recently told a survey that Stalin was a wise and strong leader.

By comparison, Europe’s democratic leaders look woolly and vacillating, just as they did back in 1932. Indeed, for the democratic West, this was a truly terrible year.

Democracy itself seemed to be under siege. In France, President Paul Doumer was murdered by an assassin. In Portugal, the authoritarian, ultra-Catholic dictator Antonio Salazar launched a reign of terror that would last into the Seventies. And in Italy, the Fascist leader Benito Mussolini strengthened his grip, consolidating Italian power in the looted colonies of Albania and Libya.

Eighty years on, we have no room for complacency. Although the far Right remains no more than a thuggish and eccentric minority, the elected prime ministers of Greece and Italy have already been booted out to make way for EU-approved technocrats for whom nobody has ever voted.

In the new Europe, the will of the people seems to play second fiddle to the demands of Paris and Berlin. And if the eurozone crisis intensifies, then it is no idle fantasy to imagine that Angela Merkel, Nicolas Sarkozy and their Brussels allies will demand an even greater centralisation of powers, provoking nationalist outrage on the streets of Europe’s capitals.

Sadly, there seems little point in looking across the Atlantic for inspiration. In 1932, President Herbert Hoover, beleaguered by rising unemployment and tumbling ratings, flailed and floundered towards election defeat.

Today, Barack Obama cuts a similarly impotent, indecisive and isolationist figure. The difference is that in 1932, one of the greatest statesmen of the century, the Democratic politician Franklin D. Roosevelt, was waiting in the wings.

Today, American voters looking for alternatives are confronted only with a bizarre gaggle of has-beens, inadequates and weirdos, otherwise known as the Republican presidential field. And to anybody who cares about the future of the Western world, the prospect of President Ron Paul or President Newt Gingrich is frankly spine-chilling… just as is the re-election of Barack Obama.

In Italy, the Fascist leader Benito Mussolini, pictured with Hitler, strengthened his grip, consolidating Italian power in the looted colonies of Albania and Libya

In Italy, the Fascist leader Benito Mussolini, pictured with Hitler, strengthened his grip, consolidating Italian power in the looted colonies of Albania and Libya

Above all, though, the eyes of the world back in 1932 were fixed on Germany. As the Weimar Republic staggered towards oblivion, an obscure Austrian painter was setting his sights on supreme power.

With rising unemployment eating away at the bonds of democratic civility, the National Socialist Party was within touching distance of government.

And in the last days of 1932, after the technocrats and generals had failed to restore order, President Paul von Hindenburg began to contemplate the unthinkable — the prospect of Adolf Hitler as Chancellor of Germany.

We all know what happened next. Indeed, by the end of 1932 the world was about to slide towards a new dark age, an age of barbarism and bloodshed on a scale that history had never known.

Eighty years on, it would be easy to sit back and reassure ourselves that the worst could never happen again. But that, of course, was what people told each other in 1932, too.

The lesson of history is that tough times often reward the desperate and dangerous, from angry demagogues to anarchists and nationalists, from seething mobs to expansionist empires.

Our world is poised on the edge of perhaps the most important 12 months for more than half a century. If our leaders provide the right leadership, then we may, perhaps, muddle through towards slow growth and gradual recovery.

But if the European elite continue to inflict needless hardship on their people; if the markets continue to erode faith in the euro; and if Western politicians waste their time in petty bickering, then we could easily slip further towards discontent and disaster.

The experience of 1932 provides a desperately valuable lesson. As a result of the decisions taken in those 12 short months, millions of people later lost their lives.

Today, on the brink of a new year that could well prove the most frightening in living memory, we can only pray that our history takes a very different path.

By Dominic Sandbrook  -  Last updated at 11:13 PM on 30th December 2011  -  MailOnline

More...

If you think all these things (the article as well as the links above) are not connected, you are not paying attention or are a product of the Dumbing Down of America which included the re-writing of history and the decline in public education (the teaching of history and the 3-R’s) as well as developing a world of distraction from what is important (family, religion, community, the Constitution…) and a promotion through media of division (through political correctness and multiculturalism instead of promoting the melting pot that was America) promoting Progressive ideals. We are at the end of the cycle, not the beginning, of the elite ruling class attaining their NWO.  They just didn’t count on the Tea Party Movement and enough patriots waking up at the last minute to stop them.  It is why the Progressive Main Stream Media so vehemently went to war with the Tea Party and candidates like Sarah Palin, Michele Bachmann and Herman Cain.

Election 2012 is our last chance to save America… and freedom, at least in our lifetime(s).  So each of us must give it our all in 2012 to make sure that ‘anyone’, other than Obama is elected in 2012 along with a Constitution friendly Congress that will reverse the present direction.  Hitting our knees regularly during this process and enlisting the man upstairs would be a great idea as well.  We have all been warned and only have to look back into history less than 100-years.  Help others to connect the dots and immerse yourself in the 2012 Election process, especially in the fight against voter fraud and for the honest counting of the votes. 

We will only be able to blame ourselves this time around if we find ourselves back in 1932… and so will future generations both here at home and around the world blame us!!  Ask Marion~

Saturday, December 3, 2011

Have You Heard About The 16 Trillion Dollar Bailout The Federal Reserve Handed To The Too Big To Fail Banks?

The Daily Show With Jon Stewart Mon - Thurs 11p / 10c
America's Next TARP Model
www.thedailyshow.com
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Video:  America’s Next TARP Model – with Jon Stewart on the Daily Show

What you are about to read should absolutely astound you. During the last financial crisis, the Federal Reserve secretly conducted the biggest bailout in the history of the world, and the Fed fought in court for several years to keep it a secret.

Do you remember the TARP bailout? The American people were absolutely outraged that the federal government spent 700 billion dollars bailing out the "too big to fail" banks. Well, that bailout was pocket change compared to what the Federal Reserve did. As you will see documented below, the Federal Reserve actually handed more than 16 trillion dollars in nearly interest-free money to the "too big to fail" banks between 2007 and 2010. So have you heard about this on the nightly news? Probably not. Lately Bloomberg has been reporting on some of this, but even they are not giving people the whole picture. The American people need to be told about this 16 trillion dollar bailout, because it is a perfect example of why the Federal Reserve needs to be shut down. The Federal Reserve has been actively picking "winners" and "losers" in the financial system, and it turns out that the "friends" of the Fed always get bailed out and always end up among the "winners". This is not how a free market system is supposed to work.

According to the limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the grand total of all the secret bailouts conducted by the Federal Reserve during the last financial crisis comes to a whopping $16.1 trillion.

That is an astonishing amount of money.

Keep in mind that the GDP of the United States for the entire year of 2010 was only 14.58 trillion dollars.

The total U.S. national debt is only a bit above 15 trillion dollars right now.

So 16 trillion dollars is an almost inconceivable amount of money.

But some other dollar figures have been thrown around lately regarding these secret Federal Reserve bailouts. Let's take a look at them and see what they mean.

$1.2 Trillion

A recent Bloomberg article made the following statement....

The $1.2 trillion peak on Dec. 5, 2008 -- the combined outstanding balance under the seven programs tallied by Bloomberg -- was almost three times the size of the U.S. federal budget deficit that year and more than the total earnings of all federally insured banks in the U.S. for the decade through 2010, according to data compiled by Bloomberg.

The $1.2 trillion figure represents the peak outstanding balance on these loans, not the total amount of all the loans. On December 5, 2008 the "too big to fail" banks owed this much money to the Federal Reserve. Many of them could not pay these short-term loans back right away and had to keep rolling them over time after time. Each time a short-term loan got rolled over that represented a new loan.

$7.7 Trillion

Bloomberg is reporting that the Federal Reserve had made a total of $7.77 trillion in financial commitments to the big banks by the end of March 2009....

Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

But as mentioned above, a one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act covered an even broader time period and revealed even more bailout loans.

According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report....

Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639 trillion

This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.

The following is an excerpt from a statement about this audit that was taken from the official website of Senator Sanders....

"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world"

So where is everyone else?

Why aren't leading Republicans and leading Democrats crying bloody murder over this report?

This scandal should have been front page news for months when it was revealed.

But it wasn't.

And Guess what?

Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the "too big to fail" banks, the Fed also paid them over 600 million dollars to help run the emergency lending program. According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in "fees" to the very financial institutions which caused the financial crisis in the first place.

In addition, it turns out that trillions of dollars of this bailout money actually went overseas. According to the GAO audit, approximately $3.08 trillion went to foreign banks in Europe and in Asia.

So why were our dollars being used to bail out foreign banks while tens of millions of American families were deeply suffering?

That is a very good question.

Also, it is important to remember that many of these bailout loans were made at below market interest rates, and this enabled many of these financial institutions to rake in huge profits.

According to a recent Bloomberg article, the big banks brought in an estimated $13 billion by taking advantage of the Fed’s below-market rates....

While the Fed’s last-resort lending programs generally charge above-market interest rates to deter routine borrowing, that practice sometimes flipped during the crisis. On Oct. 20, 2008, for example, the central bank agreed to make $113.3 billion of 28-day loans through its Term Auction Facility at a rate of 1.1 percent, according to a press release at the time.

The rate was less than a third of the 3.8 percent that banks were charging each other to make one-month loans on that day. Bank of America and Wachovia Corp. each got $15 billion of the 1.1 percent TAF loans, followed by Royal Bank of Scotland’s RBS Citizens NA unit with $10 billion, Fed data show.

So once the financial crisis was over, were adjustments made to the financial system to make sure that this type of thing would never happen again?

Of course not.

Today, the "too big to fail" banks are larger than ever. The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

So now they are more "too big to fail" than ever.

But this is what happens when we allow unelected central bank bureaucrats to run our financial system.

Most Americans do not realize this, but the truth is that the Federal Reserve is not part of the government. In fact, it is about as "federal" as Federal Express is. The Federal Reserve has admitted that they are a privately owned institution in court many times, and you can see video of a Federal Reserve employee admitting that the Federal Reserve is privately owned right here.

The Federal Reserve is an out of control monster that is throwing around trillions of dollars whenever it wants to. Nobody should be allowed to do this. Nobody should be allowed to give bailouts to banks and corporations without the express permission of the U.S. Congress and the president of the United States.

This is a point that I made in my article yesterday. The Federal Reserve decided this week that it is going to provide "liquidity support" to Europe. If the American people do not like this move, that is just too bad. We do not get a say in the matter.

Are you starting to understand why I keep pushing the idea that it is time to shut down the Federal Reserve?

Please share this information about the secret 16 trillion dollar Federal Reserve bailout with your family and your friends.

If we can get enough people to wake up, perhaps there is still time to change the direction that this country is headed.

From the Economic Collapse Blog

Video: The Fed Grants $7.77 Trillion in Secret Bank Loan - Now Do You Understand Occupy Wall Street?

Kucinich bill seeks to end the Federal Reserve:

Kucinich bill seeks to end the Federal Reserve!
http://www.godlikeproductions.com/forum1/message1718844/pg1
Kucinich bill seeks to end the Federal Reserve
http://www.rawstory.com/rs/2011/12/01/kucinich-bill-seeks-to-end-the-federal-reserve/

Related:

WHAT THE HELL? The U.S. Secretly loaned 7.7 TRILLION To Banks Without Interest. Then Borrowed Back WITH Interest
http://www.godlikeproductions.com/forum1/message1718942/pg1

America's Next TARP Model
http://www.thedailyshow.com/watch/thu-december-1-2011/america-s-next-tarp-model

A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest.
Bloomberg reports 7.7 trillion in loans to big banks and Wall Street
http://reading-sage.blogspot.com/2011/11/bloomberg-reports-77-trillion-in-loans.html?m=1pg1

h/t to Jean Stoner

Thursday, October 6, 2011

Wall Street protesters accuse feds, biz of infecting food supply - Obama Says He Supports Them… It is Escalating~

Update: Obama Just Admitted He Sides With The Protestors & They Are Going To Take The Country By Force!

The President  just said the protests will continue unless he gets his way with Congress..
This is f__king insane people
Do you realize what's happening here?
----
When asked about the protests he just said
"the American people will run congress out of town"
"we need to do something bold - something big"

…Godlike Productions

Important: If you have not been paying attention to this… it is time you did!!

Remember Rahm Emanuel's adage… never let a crisis go to waste… or is it more like create one if you need it?!? Many believe that this entire protest was not only created by the Left but that it was always supported if not encouraged by the administration. Many believe it is the first step in creating enough chaos to cancel the elections. Others think it is a way of diverting attention and focus from a closer investigation of the Federal Reserve. These theories of a direct tie in to the administration, globalist allies and their minions seems to to be proving correct by Obama’s own words.

President Obama Press Conference pt.1

October 05, 2011 MSNBC

President Obama Press Conference pt.2
October 06, 2011 MSNBC

President Obama Press Conference pt.3

October 06, 2011 MSNBC

President Obama Press Conference pt.4

October 06, 2011 MSNBC

President Obama Press Conference pt.5

October 06, 2011 MSNBC

President Obama Press Conference pt.6

October 06, 2011 MSNBC

I’ve Seen it on Television: Obama Responds to Wall Street Protests

A National Call to Action

Wall Street protesters accuse feds, biz of infecting food supply

The U.S. government and corporations have "poisoned the food supply" and "undermined the farming system," charges the group behind the ongoing Wall Street protests.

The website for the Occupy Wall Street group posted on Saturday what it called its first official declaration of demands.

The document claims "corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments."

The treatise is replete with assorted accusations, including:

  • They have taken our houses through an illegal foreclosure process, despite not having the original mortgage.
  • They have taken bailouts from taxpayers with impunity and continue to give executives exorbitant bonuses.
  • They have perpetuated inequality and discrimination in the workplace based on age, the color of one's skin, sex, gender identity and sexual orientation.
  • They have poisoned the food supply through negligence and undermined the farming system through monopolization.
  • They have profited off of the torture, confinement and cruel treatment of countless nonhuman animals, and actively hide these practices.
  • They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.
  • They have used the military and police force to prevent freedom of the press.
  • They have deliberately declined to recall faulty products endangering lives in pursuit of profit.
  • They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce.

The food supply claim is not unique to the website document.

On Sunday, Jason Mattera, a host on New York's WABC Radio, randomly interviewed a handful of protesters on Wall Street using a roaming reporter, Jill "Flipper" Vitale.

Two of the protesters accused the government of poisoning the food and medicine supplies.

"A Marxist system will be the best thing for all of us in America," one protester told Mattera.

"A system that does not kill people and infect us with the food that they give us," the protesters said. "The food that they feed us with the soybeans that they give to animals. And they are changing our DNA structure."

Another protester, who goes by the name Cuz Joe of Black N Blue Productions, treated the radio audience to a rap song he wrote that including the following lyrics:

Those are the basic necessities/ Chemical concoctions pass off as remedies/ That has been the poisons and toxins designed to control your mind/ So u don't find the real food and that stuff u consume is heading to the landfill.

Who's really behind Wall Street protests?

As the news media struggle to find a unifying theme behind the "Occupy Wall Street" protesters, a closer look at the activists behind the agitation reveals a transformative agenda aimed at assaulting U.S. capitalism.

The Occupy Wall Street movement launched two weeks ago and has been escalating ever since.

Police closed the Brooklyn Bridge Saturday and arrested more than 700 anti-Wall Street protesters for blocking traffic lanes and attempting an unauthorized march across the span.

The protests spread across the U.S., including to Boston, Seattle and Los Angeles. The organizers' exact motivation has until now been sketchy.

The Twitter feed of a group calling itself Take the Square, one of the social media planners behind the Wall Street protests, has been blasting a multitude of messages, including:

  • "Fight market dictatorship."
  • "People of the world rise up!"
  • "We are legion."
  • "Take to the streets."

Organizers have also been calling for rewriting the U.S. Constitution, imposing a "Robin Hood Tax" on most financial transactions worldwide with the goal of taking from the "rich" to give to the "poor" and giving the Federal Reserve permission to regulate interest rates on savings accounts.

The scheme seeks to bring to American streets the "same indignation that has prompted the people of Greece and Spain to occupy streets and squares on a permanent basis, the people of Egypt and Tunisia to overthrow their governments, the people of Iceland to nationalize their bank system and rewrite the constitution."

So reads a call to arms by a group calling itself the General Assembly of New York City.

The group has been asking supporters to participate in a "Day of Rage" that started last month and seeks to escalate into protests across the nation.

The General Assembly of New York City has listed some of the possible goals of the current protests:

  • The imposition of a Robin Hood Tax on all financial transactions: The tax is the brainchild of nongovernmental organizations largely based in the United Kingdom. It calls for a new tax on most goods and services to be implemented globally, regionally or unilaterally by individual nations.
    The name of the tax originated in 2008, when Italian treasury minister Giulio Tremonti introduced a windfall tax on the profits of energy companies. Tremonti called the tax a "Robin Hood Tax," stating it was aimed at the "wealthy" with revenue to be used for the benefit of poorer citizens.
    A prominent supporter of the Robin Hood Tax is Jeffrey Sachs, a Columbia University economist who crafted a controversial economic "shock therapy." Sachs is a key member of the Institute for New Economic Thinking, or INET.
    Billionaire George Soros is INET's founding sponsor, with the billionaire having provided a reported $25 million over five years to support INET activities.
    In April, Sachs keynoted INET's annual meeting, which took place in the mountains of Bretton Woods, N.H., at Mount Washington Hotel, famous for hosting the original Bretton Woods economic agreements drafted in 1944. That conference's goal was to rebuild a post-World War II international monetary system. The April gathering had a similar stated goal – a global economic restructuring.
  • Rebooting the system and rewriting the Constitution: The concept seems to be a reference to a plan to push for a new, "progressive" U.S. Constitution by the year 2020.
    WND previously reported at least three White House advisers and officials, including President Obama's regulatory czar, Cass Sunstein, have ties to the Constitution rewrite effort, which is funded by Soros.
    Sunstein has also been pushing for a new socialist-style U.S. bill of rights that, among other things, would constitutionally require the government to offer each citizen a "useful" job in the farms or industries of the nation.
    According to Sunstein's new bill of rights, the U.S. government can also intercede to ensure every farmer can sell his product for a good return while the government is granted power to act against "unfair competition" and monopolies in business.
  • Reinstatement of the Glass-Steagall Act, which sought to enforce more government regulation of the banking industry. Some provisions of the act allowed the Federal Reserve to regulate interest rates in savings accounts.

Wall Street protests to turn violent?

Meanwhile, there are indications the Wall Street protesters are training to incite violence, resist arrest and disrupt the legal system.

Activists advertised on social network sites such as Facebook and Twitter for a "Day of Rage" on Sept. 17 to begin the "occupation" of Wall Street and continue with protests across the nation.

Planners have their own website – USDayofRage.org – which is not specific about the purpose of the "Day of Rage" other than calling for "integrity" to be "restored to our elections."

The site accuses corporations of using "money to act as the voices of millions, while individual citizens, the legitimate voters, are silenced and demoralized by the farce."

Advertisements claimed the protests at Wall Street and nationwide will be "non-violent."

However, the official website provides resources, including videos and detailed written instructions, for protesters to engage in "civil disobedience." The resources provided include instructions on how to resist police arrest and disrupt court hearings.

Similar instructions are provided on the website of an affiliated organization, which calls itself "Occupy Wall Street" and was also involved in planning the Sept. 17 protests.

The use of the term "Day of Rage" recalls the "Days of Rage" organized in the 1960s by the Weather Underground domestic terrorist organization co-founded by Bill Ayers and Bernardine Dohrn, close associates for years of President Obama.

Purple shirt power

In March, ACORN founder Wade Rathke announced what he called "days of rage in 10 cities around JP Morgan Chase." Rathke was president of a Service Employees International Union, or SEIU, local in New Orleans.

The efforts are being organized by Stephen Lerner, an SEIU board member who reportedly visited the Obama White House at least four times. Lerner is considered one of the most capable organizers of the radical left. He recently organized the SEIU's so-called Justice for Janitors campaign.

As part of his planned protests, Lerner called for "a week of civil disobedience, direct action all over the city."

His stated aim is to "destabilize the folks that are in power and start to rebuild a movement."

In an interview about the protests, Lerner outlined his goals: "How do we bring down the stock market? How do we bring down their bonuses? How do we interfere with their ability to, to be rich?"

Forecast for American cities: Confrontation, intimidation?

There are other indications radicals and unions are planning chaos using the current economic crisis.

Last month, WND reported that a slew of extremist organizations, some tied to Obama, are preparing protests to coincide with major NATO and G-8 summits in Chicago next May.

Foreshadowing possible violent confrontations, some of the same radical trainers behind the infamous 1999 Seattle riots against the World Trade Organization have been mobilizing new protest efforts geared toward world summits as well as the current economic crisis.

The NATO and G-8 summits are not the only focus of radical groups. WND reported Heather Booth, director of a Saul Alinsky-style community organizing group, the Midwest Academy, was among the main speakers at the "2011 State Battles Summit" in June at the Hyatt Regency Capitol Hill Hotel in Washington, D.C.

Booth's husband, Paul, also was a speaker at the union summit. Paul Booth co-founded Midwest Academy in the 1970s.

The four-day summit was organized by the American Federation of State, County and Municipal Employees, or AFSCME, with participation from the AFL-CIO, the nation's largest union.

An official schedule for the event, obtained by WND, declared: "Our union is under unprecedented attack in every state. Extremist politicians want to weaken us as we head into 2012. Their tactics include budget cuts, layoffs, privatization and the denial of our very collective bargaining rights."

Continued the flyer: "New challenges require new energy and new thinking. We encourage union activists to attend this conference and bring their creative ideas on how to overcome the challenges ahead."

Heather Booth participated in a panel entitled, "Our Message, Alliances and Best Practices."

Another speaker at the union event was John Podesta, who co-chaired President Obama's transition team.

Podesta is president of the Center for American Progress, which is heavily influential in advising the White House. The center is funded by philanthropist George Soros.

Mideast rebellions coming to U.S.?

Citizen Action of Wisconsin, an arm of Booth's Midwest Academy, is part of the Moving Wisconsin Forward movement, one of the main organizers of the major Wisconsin protests in February, as WND first reported.

The protests were in opposition to Gov. Scott Walker's proposal for most state workers to pay 12 percent of their health care premiums and 5.8 percent of their salary toward their own pensions.

WND reported at the time speakers at the rallies likened the Wisconsin protests to the ongoing revolutions in the Middle East and North Africa while calling for similar uprisings in the U.S.

And just this past week, former Obama czar Van Jones told MSNBC's Lawrence O'Donnell that "October is going to be the turning point for the progressive fight back" and referred to the Occupy Wall Street protests as part of a "progressive counterbalance to the tea party."

"You're going to see an 'American Autumn,'" Jones said, "just like we saw the Arab Spring."

'Redistribution of wealth and power'

Obama himself once funded Midwest Academy and has been closely tied to Heather Booth.

Booth has stated building a ''progressive majority'' would help for ''a fair distribution of wealth and power and opportunity."

Her husband Paul is a founder and the former national secretary of Students for a Democratic Society, the radical 1960s anti-war movement from which Ayers' Weather Underground splintered.

In 1999, the Booths' Midwest Academy received $75,000 from the Woods Fund with Obama on its board alongside Ayers, In 2002, with Obama still serving on the Woods Fund, Midwest received another $23,500 for its Young Organizers Development Program.

Midwest describes itself as "one of the nation's oldest and best-known schools for community organizations, citizen organizations and individuals committed to progressive social change."

It later morphed into a national organizing institute for an emerging network of organizations known as Citizen Action.

Discover the Networks describes Midwest as "teach[ing] tactics of direct action, confrontation and intimidation."

WND first reported the executive director of an activist organization that taught Alinsky's tactics of direct action, confrontation and intimidation was part of the team that developed volunteers for President Obama's 2008 campaign.

Jackie Kendall, executive director of the Midwest Academy, was on the team that developed and delivered the first Camp Obama training for volunteers aiding Obama's campaign through the 2008 Iowa Caucuses. Camp Obama was a two-to-four day intensive course run in conjunction with Obama's campaign aimed at training volunteers to become activists to help Obama win the presidential election.

Also, in 1998, Obama participated on a panel discussion praising Alinsky alongside Heather Booth, herself a dedicated disciple of Alinsky. The panel discussion followed the opening performance in Chicago of the play "The Love Song of Saul Alinsky," a work described by the Chicago Sun-Times as "bringing to life one of America's greatest community organizers."

Obama participated in the discussion alongside other Alinskyites, including political analyst Aaron Freeman, Don Turner of the Chicago Federation of Labor and Northwestern University history professor Charles Paine.

"Alinsky had so much fire burning within," stated local actor Gary Houston, who portrayed Alinsky in the play. "There was a lot of complexity to him. Yet he was a really cool character."

Source: WND With research by Brenda J. Elliott

http://api.ning.com/files/Z20M3FgddrsAfudVR3gdpoIGEk5TwDIT7u-GjutHbXu0RtQm3Sj4fnf6vFumsd98mNDHEru8UoPQIcxEIEoVqN93MZAsI9BO/extremelyvileevilpicofliberalprotestors.jpg?width=510&height=588

Here are a few of the leftover 60’s Alinskyites at the orchestrated “Occupy Wall Street” protest

11 Reasons Why Occupy Wall Street Protesters Are Hypocrites If They Do Not Call For Obama To Resign

The American Dream
Oct 4, 2011

If the Occupy Wall Street protesters truly believed in the things that they are proclaiming, then they would be calling for the immediate resignation of Barack Obama and his entire cabinet. The truth is that the Obama administration is responsible for most of the things that Occupy Wall Street is supposedly complaining about.

If the Occupy Wall Street protesters were intellectually honest, we would see a flood of anti-Obama signs during these demonstrations. But instead we have barely heard a peep of criticism for Obama. In fact, the vast majority of the protesters seem very excited about sending Obama back to the White House in 2012. As will be clearly demonstrated in the rest of this article, this makes the Occupy Wall Street protesters tremendous hypocrites. If Occupy Wall Street wants to have any credibility whatsoever, it needs to call for Barack Obama to resign. Either Occupy Wall Street protesters will call for Barack Obama to be held accountable for his actions, or they are just a bunch of sheep. They cannot preach to us about how principled they are and yet turn a blind eye to everything that Barack Obama has been doing for the past 3 years.

Below I am going to analyze many of the demands that Occupy Wall Street protesters have been making. A lot of them have been directly taken from the formal list of complaints posted on the “official” organizing website of Occupy Wall Street.

As you will see, there are a whole lot of reasons why there “protesters” should be very angry with Barack Obama.
But we all know that nearly all of them will show up to vote for Obama once again in 2012.

Just like so many “true conservatives” apologized for George W. Bush for all those years, now we are seeing those on the left apologize for Barack Obama.

It is truly sickening.

Posted below are 11 reasons why Occupy Wall Street protesters are hypocrites if they do not call for Barack Obama to resign immediately…

#1 Occupy Wall Street says that they are angry that the big Wall Street banks “have taken bailouts from taxpayers with impunity, and continue to give executives exorbitant bonuses.”

Well, if Barack Obama and John McCain had not aggressively pushed for the Wall Street bailouts back in 2008, they never would have happened. After Obama took office, he rammed through even more bailouts. The reality is that you could easily call Barack Obama “the king of the Wall Street bailouts”.

#2 Occupy Wall Street says that they are angry that the big Wall Street banks “have donated large sums of money to politicians, who are responsible for regulating them.”

Yet they ignore the fact that 3 of the top 7 donors to Obama’s campaign in 2008 were the very Wall Street banks that the Occupy Wall Street movement is protesting.

Once again, Barack Obama will be taking in huge amounts of money from the wealthy and from big Wall Street banks for his run in 2012.
So why aren’t they complaining about that?

#3 One of the big themes of the Occupy Wall Street protests is the fact that Wall Street has way too much influence and power over the federal government.

Well, the Obama administration is absolutely packed with ex-executives of giant corporations and big Wall Street banks. Earlier this year, Michael Brenner wrote the following about the current composition of the Obama administration…
Wall Street’s takeover of the Obama administration is now complete.

The mega-banks and their corporate allies control every economic policy position of consequence. Mr. Obama has moved rapidly since the November debacle to install business people where it counts most. Mr.William Daley from JP Morgan Chase as White House Chief of Staff. Mr. Gene Sperling from the Goldman Sachs payroll to be director of the National Economic Council. Eileen Rominger from Goldman Sachs named director of the SEC’s Investment Management division. Even the National Security Advisor, Thomas Donilon, was executive vice president for law and policy at the disgraced Fannie Mae after serving as a corporate lobbyist with O’Melveny & Roberts. The keystone of the business friendly team was put in place on Friday. General Electric Chairman and CEO Jeffrey Immelt will serve as chair of the president’s Council on Jobs and Competitiveness.

#4 Occupy Wall Street says that it is deeply concerned about the rampant corruption in our financial system.

The Federal Reserve is the very heart and soul of our financial system, and yet there has been very little real criticism of the Fed by Occupy Wall Street protesters.

If Occupy Wall Street truly wanted to do something about our financial system they would be calling for the Federal Reserve to be shut down.

But their hero, Barack Obama, actually nominated Ben Bernanke for a second term as Federal Reserve Chairman and Obama continues to support him 100 percent even after a horrible track record of failures that is legendary.

#5 Occupy Wall Street says that it is angry that big corporations “have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.”
This issue alone should be enough for Occupy Wall Street to call for Barack Obama to resign.

The Obama administration has pushed very hard for new “free trade” agreements with Panama, South Korea and Colombia and the Obama administration is currently making the Trans-Pacific Partnership (“the NAFTA of the Pacific“) a very high priority.

The Obama administration has been very aggressively trying to expand the “free trade” policies that are costing us millions of jobs.
In fact, members of the Obama administration run around and openly talk about how there are things that “we don’t want to make in America”.

For example, the following is what U.S. Trade Representative Ron Kirk recently told Tim Robertson of the Huffington Post about the Obama administration’s attitude toward keeping manufacturing jobs in America…

"Let’s increase our competitiveness"… the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don’t want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don't want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

Unions should be screaming bloody murder about this.

But instead they are going to line up behind Barack Obama once again in 2012 like good little sheeple.

#6 
Occupy Wall Street says that the big health insurance companies “have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance.”

Well, as I have written about previously, the health insurance companies helped to write huge portions of Obamacare. Instead of reducing the power of health insurance companies, Obamacare actually gives them more power and will actually increase their profits. The sad truth is that large portions of Obamacare are virtually identical to a bill that was written by the health insurance trade association in 2009. Under Obamacare, our health care costs will go up even faster and the quality of our health care will continue to go down.

#7 Occupy Wall Street says that they are angry because the big banks “have taken our houses through an illegal foreclosure process, despite not having the original mortgage.”

Occupy Wall Street is correct about this.So where has Barack Obama been on this issue? The reality is that the Obama administration has done very little about the horrific foreclosure abuses that have been going on.

#8 Occupy Wall Street is upset that “our privacy” has been sold “as a commodity.”Well, why aren’t Occupy Wall Street protesters calling out Barack Obama for his horrific track record on civil liberties.

The national security apparatus that George W. Bush set up has been greatly expanded by Barack Obama.

It was the Obama administration that decided that it was necessary for TSA thugs to feel our private parts before we board our flights and it was the Obama administration that decided that TSA “VIPR teams” should run around the country conducting approximately 8,000 “unannounced security screenings” a year at subway stations, bus terminals, ports and highway rest stops.

So where is the outrage?

The truth is that under the Obama administration the United States is becoming more like a totalitarian police state every single day.
Once again, this issue alone should be enough for Occupy Wall Street to demand that Barack Obama should resign.

For much more on how America is turning into a “Big Brother” police state under Obama, please see these articles…

*12 Signs That Americans Who Love Liberty And Freedom Should Watch Their Backs

*10 Years After 9/11, Is America A Better Place?

*Big Brother 2.0: 10 New Ways That The Government Will Be Spying On You And Controlling Your Behavior

*32 Signs That The Entire World Is Being Transformed Into A Futuristic Big Brother Prison Grid

#9 Occupy Wall Street is angry that the United States has “perpetuated colonialism at home and abroad.”

Oh really  ?

Under Barack Obama, the U.S. military has been used as the “police of the world” even more than it was under George W. Bush.
Under Obama, the war in Afghanistan was greatly expanded and the U.S. military began bombing the living daylights out of Libya. In addition, under Obama the U.S. military has been conducting air strikes in Pakistan, Yemen and Somalia.

Today, there is a U.S. military base in over half of the countries on the planet and U.S. military spending is more than 7 times larger than the military spending of any other nation on earth.
So if “the left” was angry at George W. Bush for what he did, then why aren’t they filled with rage at Barack Obama for his policies?

#10 Occupy Wall Street is angry that the U.S. has “participated in the torture and murder of innocent civilians overseas.”
Well, Barack Obama did not shut down Guantanamo Bay as he promised to do.

So where is the accountability?
Under George W. Bush, millions of “evangelical Christians” were cheering for torture.

Today, millions of “liberals” are cheering while the Obama administration conducts “enhanced interrogations” of prisoners and performs “extraordinary renditions” in foreign countries.

If liberals want to complain about “torture and murder of innocent civilians overseas”, it isn’t the Republicans they should be angry at.
Barack Obama is running our foreign policy, and he should be held accountable for what is going on.

#11 Occupy Wall Street is angry because the wealthy are not paying their “fair share” of taxes.

Well, it is undeniable that many big corporations (such as Obama’s good friends over at GE) quite often get away with paying no taxes at all.

But Barack Obama and the Democrats controlled the White House and all of Congress for two whole years.

So why didn’t they “fix” the tax code while they had the chance?
Could it be that they actually like the current system?

The truth is that our current tax system is so flawed, so complex and so full of holes that it needs to be thrown out entirely.

Many big corporations get away with bloody murder under the current tax system, yet nearly all establishment Democrats and nearly all establishment Republicans want to keep the current system of taxation.

In a previous article, I noted some of the big corporations that make a ton of money and yet have paid less than zero in taxes in recent years…

What U.S. corporations are able to get away with is absolutely amazing.

The following figures come directly out of a report by Citizens for Tax Justice. These are combined figures for the tax years 2008, 2009 and 2010.

During those three years, all of the corporations below made a lot of money. Yet all of them paid net taxes that were below zero for those three years combined.

How is that possible? Well, it turns out that instead of paying in taxes to the federal government, they were actually getting money back.

So for these corporations, their rate of taxation was actually below zero.

If you have not seen these before, you are going to have a hard time believing some of these statistics…

*Honeywell*
Profits: $4.9 billion
Taxes: -$34 million
*Fed Ex*
Profits: $3 billion
Taxes: -$23 million
*Wells Fargo*
Profits: $49.37 billion
Taxes: -$681 million
*Boeing*
Profits: $9.7 billion
Taxes: -$178 million
*Verizon*
Profits: $32.5 billion
Taxes: -$951 million
*Dupont*
Profits: $2.1 billion
Taxes -$72 million
*American Electric Power*
Profits: $5.89 billion
Taxes -$545 million
*General Electric*
Profits: $7.7 billion
Taxes: -$4.7 billion

Are you starting to get the picture?

The amazing thing is that GE can get away with all this and still ship thousands upon thousands of good American jobs out of the country.
There is no way that our current tax code can be fixed with a few “tweaks” here and there. Our current tax code is an abomination that should be immediately repealed and flushed down the toilet.

But the Democrats and most Republicans seem to want to keep it around. They like to play their little social engineering games with the tax code, and the current tax code enables their wealthy donors to do quite nicely.

Occupy Wall Street is right to argue that our tax code is fundamentally unjust, and the number one person that they need to point the finger at is Barack Obama.

So can any “liberal” out there actually defend Barack Obama after reading all of this?

Can anyone out there put forth an intellectual argument for why Occupy Wall Street protesters should be supporting Obama?
The truth is that most of the Occupy Wall Street protesters are intellectual hypocrites.

Most of them are so scared that a Republican might win in 2012 that they won’t say anything bad about Obama.

It is the same trap that many Republicans fell into with George W. Bush.

Look, George W. Bush was a nightmare for this country.
Barack Obama is even worse.

If we are not going to be intellectually honest with ourselves, then we might as well tattoo the word “sheeple” on to our foreheads.
If Occupy Wall Street really believes the stuff that they are saying, then they need to call for Barack Obama to resign.
Does anyone disagree?

Related:

Obamaite Stephen Lerner Cheering Economic Terrorism…

Alinsky Rules Return For Obama

Oathkeeper Response: Oathkeeper Leadership Goes Cultic with Wayseers…

Test Drive for Tyranny

Occupy Wall Street Demands Mirror Democrat Party Platform?