The Neil Garfield Show… Understanding Mortgages and Real Estate Loans


Hello Homeowners,
This is a great source of info pertaining to real estate loans.  I have learned so much from Neil.

 

Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays NEW MAIN NUMBER: 202-838-NEIL (6345). Do you have a question regarding wrongful foreclosure? Tonight Neil Garfield and California Attorney Charles Marshall will answer questions from Livinglies readers. Please keep your questions short and concise so […]

via Tonight on the Neil Garfield Radio Show 6pm Eastern: Q&A with Attorney Charles Marshall. — Livinglies’s Weblog

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How Do You Spell… International Organized Crime and Mortgage Fraud…


Ladies and Gentlemen,

This article speaks for itself.  Veterans Today is standing as source of sharing basic information on International Organized Crime and International Financial Mortgage Fraud.  I know, it’s hard to even believe this is going on.  Something’s going on… and I’m standing with the courageous and honorable to bring this information to light.  Here is the most recent radio show of Veterans Today addressing these topics.

Edward Reidhead

Source:  http://www.veteranstoday.com/2014/01/31/aipac-the-denver-illuminati-wizards-espionage-and-frauds/

AIPAC the Denver Illuminati Wizards Espionage and Frauds

bushdance

By Stew Webb

 

Connecting some Financial Frauds the U.S. Justice Department does not want you to know about but U.S. Attorney Eric Holder does know.

The Denver Illuminati Connection and Leonard Millman one of the 12 Illuminati Wizards’ of Oz.

Convicted HUD Scamster Phil Winn who this Whistleblower helped the HUD Independent Prosecutor Arlen Adams in 1989 get the conviction and plea bargain in 1991 against Winn who agreed to pay a $1.5 million dollar fine and was to be sentence to prison for 5-7 years that never happened, instead Denver-U.S. District Court Judge Sherman Finesilver who had been bribed years earlier with his ownership of Westward Newspaper in Denver by Leonard Millman got Judge Finesilver to seal Phil Winn’s case from 1991 until 2001 when CIA Bill Clinton the day before leaving office as the U.S. President gave convicted criminal Phil Winn a illegal Presidential Pardon.

Denver Post controlled by Dean Singleton, Phil Winn and Larry Mizel good buddy does a spin story on Phil Winn.

Just think Phil Winn helped steal over 500,000 apartment units from HUD over 20 years for Denver Illuminati Wizard Len Millman and gets a presidential pardon.

illuminatiThose apartments are hidden under thousand of entities one of the largest is AMICO run by Terri Constadine and Norman Brownstein, who is the attorney for Illuminati Wizards of Oz Leonard Millman and Wizard George HW Bush.

Brownstein was one of the six CIA Council to George HW Bush when he was CIA Director in the mid 1970s and Brownstein was on the Board of Directors of M.D.C. Holdings, Inc., and now MDC-NYSE Corporate attorney the parent company of Imperial Savings and Silverado Saving and Loan of Denver which collapsed where Neil Bush the U.S. President’s son was a Director and in charge of Narcotics Money Laundering from Iran- Contra, nearly 12 Trillion Dollars in 9 years was laundered.

Phil Winn’s, Winn Financial was an MDC-NYSE subsidiary company. Phil Winn’s “Buffers-Stooges” were caught selling 4,000 stolen repossessed HUD houses in Arizona in 1992 and served time in Federal detention in Denver.

These were stolen in the late 1970s from HUD computers and re-deeded to Leonard Millman and his attorney Norman Brownstein who was in charge of the stolen houses for Millman and Bush.

Don Boles, a Phoenix, Arizona Investigative Journalist was murdered over his investigations of some of these stolen HUD houses that were being sold in Arizona.

Gene “Chip’ Tatum is now a Columnist on Veterans Today and you will be reading things you have never heard before or do not remember when Gene did hundreds of Radio interviews between 1995-1997.

Super Spook Gene “Chip” Tatum is back and speaking out here is his information and website.

Phil Winn had served on the Board of Directors of MDC-NYSE and served on the Board of Directors of MDC Asset Investors that caused the 2008 Bank Bailout.

Asset Investors created Mortgages on houses that were never built and duplicate mortgages up to 9 times that they bought from Mortgage Brokers around the United States then sold those Mortgages in bundles as Securities bundled as derivatives those Mortgages which had cause the worldwide financial meltdown in 2008.

Norman Brownstein was the Director and Vice President of HSBC Bank of Canada in charge of Derivatives which bundled the Fake Mortgaged Backed Securities and sold them throughout the world as Mortgage Backed Derivatives.

Stew Webb SEC Whistleblower Filings and Letter to NY Attorney General which has been covered-up with no prosecutions

The current Denver U.S. Attorney is part of U.S. Attorney General Eric Holder’s special Task force to prosecute the Bankers frauds the Denver U.S. Attorney’s office has been a revolving door from the Norman Brownstein law firm.

Ask the former U.S. Denver Attorney who covered up Enron or former U.S. Attorney Michael Norton who covered up the Millman-Bush stolen 2,000 pounds of Uranium from Rocky Flats Nuclear arsenal west of Denver that was shipped in Ocean Spray Cranberry Juice Trucks to Apex Aviation in St. Louis, Missouri to keep from triggering Nuclear material transport detectors and flown to Israeli Prime Minister Benjamin Netanyahu and sold to North Korea that gave North Korea the Nuke Bomb.

Leonard Millman’s CITI Bank’s subsidiary did the fake clean up of Rocky Flats, the cover story was 2,000 pounds of Uranium was spilled on the hillside, cost to U.S. Taxpayer $2.5 Billion what a scam.

Then guess who builds a subdivision on that contaminated land and a great view of the Denver skyline?

MDC’s Richmond American Homes run by Millman’s “Buffer-Stooge” Larry Mizel.

Larry Mizel alias Larry Mizell is the Chairman of MDC-NYSE who dreamed up the Mortgage frauds for Leonard Millman his boss.

In a recent $13 Billion dollar settlement with JP Morgan Bank, Home America Mortgage a MDC Subsidiary had been named in the original suit to cover the whole frauds up in one sweep.

Former FSLIC Attorney and Professor of law at UMKC questions why is there no prosecutions?

The US Attorney Who Prosecutes JPMorgan Will Be Its First Witness

Illegally created Mortgage Securities by MDC-Asset Investors estimated at $100 Trillion.

Illegally created Derivatives backed by illegal fake Mortgage Securities estimated at $5,000 Trillion Dollars.

ZIONISMIllegally stealing Americans houses that were paying their Mortgages to other mortgage companies and on time and up to date on their mortgage when the Denver Illuminati Wizard Leonard Millman alias Leonard Hillman alias Michael Donavan would send his crooked attorneys in saying they owned the Mortgage and that it was registered with Meirs and I own the property. 12.5 million American have had their homes stolen from them with crooked attorneys, Judges and others, only the Kentucky Attorney General seems to be doing his job.

Bank of America has 80% of their mortgages on their books are non-performing assets, meaning they got stuck with the false mortgages and Bank of America is cooking their books, which is against the law yet they trade on the NYSE.

Meirs the privately owned Mortgage registration was set up in 1993 by Millman’s “Buffer-Stooge” M.D.C. Holdings, Inc. Director Larry Mizel.

Why was Meirs set up in 1993?

Because these same named criminals above were doing the same thing during the 1980s except they were selling fake Mortgages to their Colorado controlled banks and Mortgage Companies then they triggered the FSLIC, Fannie Mae, Freddie Mac and FDIC Insurance to scam the U.S. Government and investors. Thirty one years of fraud and no one has gone to jail because all U.S. Attorney Generals and Colorado’s US Attorney and Colorado State Attorney Generals since 1981 have been controlled by these two Illuminati Wizards Leonard Millman and George HW Bush who both Graduated from Yale University together and were both Skull and Bone Buddies and members a known Satanic Occult.

Cradle to Cabal The Secret Life of Gale Norton The Denver Illuminati Zionist Connection

Ask yourself a question?

Why did Leonard Millman pay a $80,000 Million Dollar fine in 1997 over a grand jury indictment for bribing Government Officials and never went to jail and the case was sealed under National Security by then President Bill Clinton?

Because Bill Clinton and Hillary Clinton are part of the Denver Illuminati Zionist Organized Crime Syndicate, their attorney James M. Lyons was on the Board of Directors of MDC-NYSE.

The Bush-Millman Organized Crime Family Flow Chart No: 1

Bill Clinton’s fines that were paid over the Monica Lewinsky scandal and oral sex in the Whitehouse and lying before a grand jury saying a blow job and stuffing Monica with cigars is not sex, it did happen but this was the Spin Doctor story to keep the truth about Iran Contra and the Arkansas involvement from coming out.

Judge Lawrence Walsh had them nailed in late 1992 and he was replaced by Independent Prosecutor Kenny Star who obstructed Justice and covered up Iran- Contra frauds. Stars father started Star International the parent company of AIG Insurance the Millman’s “Buffer-Stooge” Maurice Hank Greenberg runs AIG and was directly involved with Meyer Blinder of Blinder-Robinson the world largest penny stock frauds which collapsed in 1990. Millman’s “Buffers-Stooges” Blinder and Greenberg ran National Brokerage Company, on Pine Street, Denver, Colorado. National Brokerage did massive securities frauds in the 1980s with ties to Balcor Securities, Stinger Securities, and gave Iran Contra drug smugglers-pilots stock in dummy companies to pledge as collateral for loans made by Neil Bush a Director at Silverado Savings. Those loans were never repaid, the stock was bogus and the FDIC out of Dallas picked up the tab. FDIC employees out of the Dallas offices were in on the take.

Chubb Insurance Company of Denver paid Bill Clinton’s fines and paid off others including Paula Jones in Clinton’s affairs. Chubb’s Board of Directors at the time was Norman Phillip Brownstein.

Do you really want Hillary Clinton a known 4th Degree Satanic Witch, Lesbian, and Killer of over 300 witnesses and the Jewish Mob attorney (Rose law firm) to be your next President in 2016?

Ask Larry Mizel why he had a meeting with former Rose Law Firm Partner and White House Aid Vince Foster on the day he was murdered in Washington, D.C.

Ask Leonard Millman who controlled Hensel-Phelps Construction Company based out of Greeley, Colorado a nationwide contractor who committed frauds at the Denver Airport why a Helsel-Phelps Construction Company yellow pickup truck license number RCG-702 Arkansas tag was at the White House the evening Vice Foster was murdered.

Guess who sits on the Board of Directors of AIPAC-American Israeli Public Affairs Committee, which is Zionist Espionage against the United States and controls 99% of the U.S. Congress and Senate?

Brownstein and Mizel…..

[edit] Notable Board members

AIPAC’s National Board has approximately 50 members. By tradition, previous Presidents serve as Board members, and are not listed separately here. (Asher, Levy, Mitchell, and Weinberg were sometimes referred to as the “Gang of Four”.[2]) There are also state-level and some city-level AIPAC boards.

Other notable National Board members include:

Why does Norman Brownstein have office in Washington, Denver and Mexico City, Mexico?

Remember the Mexico President who fled Mexico over his Drugs and Frauds scandal?

Remember CITI Bank was questioned why they laundered the Mexican Presidents Drug profits?

Did you know Norman Brownstein was on the Board of Directors of CITI Bank?

I cannot put all the blame on Norman Brownstein we must include Leonard Millman’s other attorneys hiding the stolen and laundered Drug profits.

Leonard Millman’s brother in law Allen Karsh of Denver and Steven Hoth of Denver are also culprits.

Who is one of the worst Zionist Israeli Senator who answers directly to and takes orders from Illuminati Zionist Larry Mizel?

Yes you guessed it Keating Five John McCain.

John McCain’s Wife Hiding War Profits, Untaxed Off-Shore Accounts?

Connecting some Financial Frauds the U.S. Justice Department does not want you to know about but U.S. Attorney Eric Holder does know.

The Denver Illuminati Connection and Leonard Millman one of the 12 Illuminati Wizards’ of Oz:

Frauds Are US at MDC

Junk Bond Daisy Chain Frauds The Denver Illuminati Zionist Connection

The Zionist Gang Behind New York’s 9-11 Conference

TV 9 News Denver asked what is under the Denver Airport

VT Was Right: Illuminati Sacrifice Busted!

Iran Contra Frauds and The Denver Illuminati Zionist Connection

“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.”—Gordon Duff May 16, 2013

Gordon Duff Interview with Stew Webb 3 Hour Marathon (Video)

“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.”—Gordon Duff Editor Veterans Today May 16, 2013

This interview of Gordon Duff and Stew Webb made in December 2012 was rated as one of 2013 most listened to interview now on Stew Webb’s youtube site.

YouTube – Veterans Today –

“I have known Stew for many years and have yet to meet a more energetic Whistleblower and investigator. Stew has suffered persecutions, beatings, verbal abuse and much more for standing up for what he believes in. Stew Webb is loyal to the cause of exposing corruption, not online in America but around the world. January 30, 2014—Gene “Chip” Tatum

Super Spook Gene Chip Tatum 1996 interview with Stew Webb

YouTube – Veterans Today –
THE CONTRA COKE TRAIN: The Denver Illuminati Zionist Connection

AIG Harken Energy Winn Financial Group

By Al Martin

There were about 100 such projects in all which were ultimately bailed out by some public guarantee institution.

It wasn’t necessarily the FDIC or the FSLIC, but in some cases, very esoteric public guaranteed funds were used to bail these deals out.

George Jr. naturally specialized in oil since he controlled the Bush family oil portfolio including Harken Energy stock, Tidewater Development stock, and Apache and Zapata stock.

These were all deals where George Sr. had formerly been on the Board of Directors. Now George Jr. was on the Board of Directors, since Sr. as Vice President couldn’t have that capacity.

Harken Energy was a classic fraud. The stock still trades on the AMEX at five or six dollars a share. It’s been pumped up recently because there’s a new fraud going on with those Bahrainian Leases that Richard Secord originally had ten years ago.

The stock will shortly collapse back to two dollars again, as soon as everybody gets out. A lot of Republicans will make money on the deal. ….

I also have a lot of documentation pursuant to George, Sr.’s involvement in fraudulent deals surrounding Zapata and Apache Energy. I have a lot of stuff with him in Harken Energy, also including a lot with George, Jr. in Harken Energy. That’s another possibility. But again, these weren’t large frauds. They were little security frauds, the fraudulent diversion of monies in those bogus Bahrainian leases when they temporarily ensconced Richard Secord to be their Middle Eastern Director for Bahrainian Operations which existed in a file drawer.

What that Bahrainian deal came down to was George Bush, Sr.’s close friend, former Saudi intelligence chief and major Iran­Contra figure, Ghaith Pharaon. That was just a donation to Iran­Contra by the Saudi government. And that’s what the bogus Bahrainian lease deal effectively comes down to. It wasn’t much ­­ $38 million, something like that.

Secord received about $3 million for his own pocket. Harry Aderholt was thrown a bone out of the deal. It was no big deal really. I also want to discuss an overview of Bush family fraud, ala Iran­Contra profiteering. …….

The Tri­Lateral Investment Group, Ltd. is also one of the deals (one of the very few deals, perhaps only a few dozen deals in that era by this group of guys) that you could connect Jeb, Neil, George, Jr., Prescott, and Wally Bush.

All five ­­ you can put in the Tri­Lateral Investment Group, Ltd. You can put Neil in it vis­a­vis Tri­Lateral’s dealings with Neil’s Gulf Stream Realty.

Then you back up a step and put Neil Bush into Tri­Lateral Investment Group’s dealings with the Winn Financial Group of Denver run by the infamous former Ambassador to Switzerland, Phillip Winn. You can put George, Jr. in the deal vis­a­vis the Tri­Lateral Group Ltd.’s fraudulent relationship with American Insurance General (AIG) , of which George, Jr. was a part through the same series of fraudulent fidelity guarantee instruments issued on behalf of Harken Energy from American Insurance General.

Tri­Lateral Investment Group then sold bogus oil and gas leases to AIG. This is a direct fraud that George, Jr. profited to the extent of (not a lot) $1.6 or $1.7 million. But it was a clear out­and­out fraud.

Rolling Stone magazine did a good piece on George Bush, Jr. and three of his oil and gas companies which failed. But the article really didn’t go far enough.

It did not go really into Harken and Tidewater and other public corporations which George, Jr. was involved in and in which securities fraud was committed. He was able to neatly skirt the laws ­­ or should we say ­­ deflect the shit away from himself through a whole series of contrivances. The way he was able to do this, by the way, was to post these essentially bogus fidelity and guaranty instruments, so the deals wouldn’t be scrutinized until long after they had collapsed.

This was one of George Jr’s specialities ­­ and I did this myself, by the way. It was a common tactic in Iran­Contra Securities Fraud. As the expression goes, it was to “back in” fraudulent assets, normally of a real estate nature, to back in fraudulent assets into a public shell. More commonly, they were known by their regulatory names in those days as a Reg D offering, or a Reg 501 or 505, or an S1, S3 or S18 offering. These were the common euphemisms used in the day. This is, of course, Security and Exchange Commission language, or “SEC speak” as we used to call it, for various types of offerings, which govern how large these offerings could be, how many states they could be ‘blue­skied’ in (meaning how many states they could be sold in), the total amount of money that could be raised, the market making regulation that was necessary to maintain a market in the shares thereinafter.

Anyway, a very common securities fraud was the use of 144 stock. 144 stock refers to Rule 144, or Restricted Shares (shares that are not free to trade under the two­year restriction rule). Often a company that would nominally have ten million shares outstanding could issue a hundred million shares of 144 stock that would then be sold at a steep discount to the market price. If you had a stock trading at a dollar, you would issue scads and scads of 144 stock, and you sell it for twenty cents a share. This stock would get bounced out into offshore bank loans, principally through the Union Bank of Switzerland, but also through a whole host of offshore banks through the Caribbean.

The large French bank, Banque Paribas, for instance, was notorious for this because of George, Sr.’s relationship with the bank. What would happen is you would raise an enormous amount of money, but you would also have an enormous amount of restricted stock, out of which at some point, the letter (what is known as the restriction or the letter) would come off that stock, and that stock is going to come bouncing back at some point to the market makers.

Because the scheme was at the banks, this was only meant to be interim financing. We are now talking about cooperative banks who were not meant to be burnt. They were just meant to provide bridge financing. This was very, very true with Union Bank of Switzerland, Royal Trust of Canada, and Imperial of Canada, Banque Z of Curaao, Banco de Populare. These were banks that you did not burn. These banks just acted as facilitator banks. But you have to make them “whole” in the end. Now, if you bury them under a pile of 144 stock, how did you make them “whole” in the end? How you made them “whole” is by pumping up the deal as the letter began to expire on the 144 stock that was out.

You would pump up the shares artificially in the marketplace and begin to bleed the stock back through your market makers at forty or fifty cents on the dollar. You would make money again. You had originally borrowed twenty cents on the dollar. You perhaps would bleed the stock back into the marketplace at forty cents on the dollar by the tactic of what is known as “back­dooring” the stock to your market makers and dealers, and issuing certain guarantees to them that they in turn would be made whole. The ultimate bag-holder in these
deals, of course, are the people that bought the hype, the people that bought the endless press releases, most of which were all bogus.

In some cases, we would have to make the representation that Company A has a tremendous new product or that it just has a contract with the International Monetary Finance Corporation. And boy, this is just going to be the greatest since sliced bread. Of course, what the prospective hypee didn’t know is that the International Monetary Corporation was in fact a shell that had been formed by the very same people who had perpetrated the original fraud. It is the only way you could keep control of the hype. So you would have one bogus company signing a contract to purchase ten zillion widgets from another bogus company. Not only did the widgets not exist, but both the companies themselves were essentially worthless. In this way, you could pump up the price of the shares and be able to create enough liquidity, enough excitement in the shares to distribute all of the stock, all of this 144 stock that you had bouncing back. Since the problem was obvious, you would vastly expand the flow to the shares ­­ in some cases, by a factor of ten.

There were previously, let’s say, 10 million shares authorized, but usually there was 300,000 or 400,000 shares that were actually out. The rest of it was buried in the hands of dealers or constituted restricted stock. So what would happen is towards the end, when the deal would falter, you could always give the deal a second shot by instituting a reverse stock split, which would bring the stock back up to a level where penny stock investors and speculators felt more comfortable, and also back to a level where the shares would then again meet certain regulatory hurdles, thus making it easier to distribute the stock. You took the stock that was originally done and pumped it up to a dollar. In order to maintain it at a dollar and absorb all the stock, you needed a constant flow of hype.

When the shares eventually sank (because the distribution began to back up on the dealers a little bit), you would give the stock a secondary chance by instituting a reverse stock split. That would boost the price of the shares back up to where they were, usually even higher. Of course the spreads would widen out, and as anyone knows in reverse stock split penny deal, the spreads always get very, very wide. But you simply disguise those spreads.

The dealers can very easily disguise those spreads by either not posting Bids and Asks on the pink sheets, or just posting so­called nominal Bids and Asks which would give the appearance to the would­be investor that the stock was substantially more liquid than it was. But the reverse stock split was always the last link in the chain of the fraud of the underlying deal. Because the last time you would pump it up would be through this artifice, this device using a reverse stock split. It wouldn’t be long thereafter that simply the deal would fall apart, and you could distribute the stock all the way back down to a penny bid, three cents offered, which we did on a lot of deals.

Once the broker/dealers were out ­­ or were “whole” financially ­­ as well as your other market makers and specialists, once you had made them whole financially, because you had so severely discounted the stock to them to begin with, then there would always be 30 million or 40 million shares left over. And the Bids and Asks would quickly go to like a penny bid, three cents offered, but with that, you would get a whole new crop of potential investors. You would keep a little bit of hype there. You’d keep a little bit of activity and spread on the sheets. And there’s a whole lot of people that will buy 10,000, 20,000 shares of a two or three cent stock in hopes that it might be a twenty or thirty cent stock. You do open yourself up at a penny ­­ making a market of one and three cents ­­ you open yourself up to a whole new crop of speculators that will be sellers of a deal at twenty cents, not buyers of a deal at twenty cents.

We use to call these type of penny speculators “green feet.” We used to delineate them by where the stocks traded, on what sheets, in other words. For instance, a pink sheet speculator is someone who bought higher priced penny stocks and shares that traded in the low dollars. Of course, when the stock fell down below the pink sheet regulatory level, it would be kicked down to the green sheets. That’s where you find the one cent, three cent, five cent stocks. When they could no longer be maintained at that level, they would be kicked down to the yellow sheets. That’s where you would sometimes see stocks trading in mils ­­ so many mils bid, so many mils offered. As long as there was still somebody willing to buy it, a market could be maintained, particularly since the stock, by this point, did not cost anything to the broker/dealers or those who initiated the fraud. Everybody was out and clean and made their money, and public shareholders were the ultimate bag holders. But you could actually keep these deals floating and alive for a long time before they absolutely fell apart.

Al Martin Iran Contra Whistleblowers Website

Iran Contra Frauds and The Denver Illuminati Zionist Connection

More to come stay tuned: The Denver Illuminati Zionist Connections

Biography
Stew Webb Federal Whistleblower-Activist of 29 years has been a guest on over 3,200 Radio and TV Programs since September 18, 1991 and was responsible for the Congressional Investigations and hearings that lead to the Appointment of Independent Prosecutor Arlin Adams for in the 1989 HUD Hearings, the Silverado Savings and Loan Hearings, the Denver International Airport Frauds hearings, the MDC Holdings, Inc. NYSE Illegal Political Campaign Money Laundering Colorado’s biggest case aka Keating 5 hearings to name a few. Stew was held as a Political Prisoner from 1992-1993 to silence his exposure by Leonard Millman his former in law with illegal charges of threatening harassing telephone calls charges were dismissed with prejudice. Leonard Millman, George HW Bush, George W Bush, Jeb Bush, Neil Bush, Bill and Hillary Clinton, Larry Mizel, Phil Winn, Norman Brownstein, John McCain and Mitt Romney to name a few are all partners in what is known as the Bush-Millman-Clinton Organized Crime Syndicate. Leonard Millman is a member of the “Illuminati Council of 13″
Stew Webb Official Website
“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.”—Gordon Duff May 16, 2013 (Stew Webb USMC Honorable Discharge)

All logos and trademarks in this site are property of their respective owner. FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml

 

Stew Webb

Stew Webb served in the United States Marine Corps and was Honorable Discharge.He is a General Contractor-Home Builder turned Federal Whistleblower-Activist of 30 years has been a guest on over 3,000 Radio and TV Programs since September 18, 1991 and was responsible for the Congressional Investigations and hearings that lead to the Appointment of Independent Prosecutor Arlin Adams for in the 1989 HUD Hearings, the Silverado Savings and Loan Hearings, the Denver International Airport Frauds hearings, the MDC Holdings, Inc. NYSE Illegal Political Campaign Money Laundering Colorado’s biggest case aka Keating 5 hearings to name a few.

Stew was held as a Political Prisoner from 1992-1993 to silence his exposure by Leonard Millman his former in law with illegal charges of threatening harassing telephone calls charges were dismissed with prejudice. Leonard Millman, George HW Bush, George W Bush, Jeb Bush, Neil Bush, Bill and Hillary Clinton, Larry Mizel, Phil Winn, Norman Brownstein, John McCain and Mitt Romney to name a few are all partners in what is known as the Bush-Millman-Clinton Organized Crime Syndicate. Leonard Millman is a member of the “Illuminati Council of 13”

Stew Webb Official Website
Veterans Today Radio News Reports Stew Webb Host
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“Stew you’re the only person to go after the pinnacle of the Zionist Organized Crime Leonard Millman, your-ex-in-law and Larry Mizel, Millman’s Buffer.” Gordon Duff, May 16, 2013

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Will You Be Able to Access the Cash in Your Bank Account in the Near Future?


Hello everyone!

My friend invited me to read this article on current trends in the US Banking sector that can happen any day now.  Craig R. Smith another forthright economic analyst shares his take on the current state of the US Banking system.  Craig is basically saying that, the US Government is going to confiscate your money via Presidential Executive order.  How do you feel about this information.

Edward Reidhead

Securing A SAFE Future You Can Bank On!

Shocking New Book Exposes The Unsafe World of 21st Century Banking
DMB By DAVID BRADSHAW, Publisher, Idea Factory Press

20 Economic Predictions Come True Since 2010
DON’T BANK ON IT! book Offers 20 New Warnings!

INTRODUCTION

When it comes to financial matters, who can you really trust?

On 9.16.14 the most important financial book of the year: DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING by Craig R. Smith and Lowell Ponte was officially released – which predicts your bank account may be hit by any of 20 major threats – dangers that daily news headlines are already reflecting, such as…

* The Cyber-Terror Bank Bailout: You on the HookBloomberg
* Banks’ Failure Plans Inadequate Say RegulatorsABC News
* US Banks Braced for Trillion Dollar OutflowsFinancial Times
* G20 Edging Towards Deal on ‘Bail-in’ For BanksReuters
* In Banks We Used To TrustMarketwatch

In fact, authors Smith and Ponte had to keep updating this earthshaking new 256-page book because their amazing predictions kept coming true coming true as printing day neared!

Most of today’s so-called economic “experts” offer plenty of financial market predictions, yet no accountability later on. We think the best test is how accurate an economist or expert has been in the past.

Here are 20 predictions Craig and Lowell have made over the last five years. Another 20 sober new warnings for the next five years can be found in DON’T BANK ON IT!


1. Beginning with their 2010 book CRASHING THE DOLLAR, monetary expert Craig R. Smith and veteran think tank futurist Lowell Ponte warned that vast government economic stimulus spending would not only fail – but would also be an “anti-stimulus” (page 182) that made things worse, not better.

CTD As they predicted, the stimulus caused fear and an expectation of high inflation that frightened businesspeople out of hiring and investing. This made the economy worse.

Keynesian economists in the White House predicted that huge stimulus by printing trillions would produce $1.50 in growth for every dollar they conjured out of thin air.

Years later, the results are that each stimulus dollar generated only 29 cents’ worth of growth, a waste of 71 cents per dollar, showing that Craig and Lowell’s “anti-stimulus” prediction was absolutely right on the money. (See THE GREAT DEBASEMENT, pp. 115-116)

2. In CRASHING THE DOLLAR, Craig and Lowell also warned of the coming bulldozing of homes and economic madness in Detroit (p.52); of the economic peril of the “dark matter” of the “money universe,” hundreds of trillions of dollars’ worth of derivatives (pp. 100-103), and of how America’s “life-or-death long-term bet” that we could turn China capitalist “before we transferred enough wealth to make it militarily superior to us” appears to be a losing wager (p. 23).

3. Craig and Lowell in CRASHING THE DOLLAR also warned that President Obama was a threat to use the Internal Revenue Service (IRS) as a political weapon (pp. 125-126), a prediction that proved to be chillingly accurate as two years later the IRS had targeted conservative and tea party 501(c)3 organizations.

4. In their 2011 book THE INFLATION DECEPTION, Craig and Lowell warned that a withholding of services by America’s overtaxed producers was coming – not unlike the strike depicted in Ayn Rand’s novel ATLAS SHRUGGED. Companies were keeping $3 Trillion overseas, beyond the reach of U.S. tax collectors (p. 58), and what today we call “tax inversions” were soon to begin.

TID 5. They predicted that the mere existence of a Big Government political party able to win control in any election produces a “Donkey Effect,” a drag that reduces business confidence and investment by roughly 25 percent (pp. 197-198, 201-202).

6. Craig and Lowell explained the genetic basis for American Exceptionalism in a specific “entrepreneurial” gene more common in those who chose to come here than is found elsewhere. This gene predisposes us to seek religious and economic freedom. They predicted that this raises our risk of stress-related diseases such as hypertension and cancer as Progressives turn America into the kind of Big Government society our ancestors fled to come here. Craig and Lowell warned that this same gene that made America successful is now, under Progressive Big Government, disproportionately killing the descendants of American pioneers. (p. 131-136).

7. The Federal Reserve, warned Craig and Lowell, is rapidly becoming a Fourth Branch of Government and the planner and regulator of our entire economy…an odd role for an entity supposedly created to keep politics out of monetary policy (pp. 54-55).

8. Fed policies, they warned, are crowding out small businesses from access to loans, and diverting those loans at rock bottom interest rates to government itself (p. 27).

9. Craig and Lowell were the first popular economics writers to point to evidence that several hundred billion dollars in foreign money used in “bear raids” against American banks were a key trigger of the near-collapse of the U.S. economy in 2008 (p. 28-31).

10. They explained how America had become an “Inflatocracy”, with a government of, by, and for inflation, a hidden tax (p. 189).

TGD 11. In their 2012 book THE GREAT DEBASEMENT, Craig and Lowell noted the emerging paradox that the stock market now goes up on bad news in the economy and down on good news. This is because all that now matters in the stock exchange casino is whether events will force the Federal Reserve to keep conjuring more trillions of paper dollars out of thin air. Stocks no longer have much to do with how well companies make or sell products (pp. 21-22).

12. Government stimulus policies, predicted Craig and Lowell, would henceforth produce not only a “multiplier effect” but also a “divider effect” by more heavily taxing some to buy the votes of others (pp. 85-86, 115-117).

13. They predicted more and more terrifying Middle Eastern and other terrorism that could involve the damage caused to global banking by EMP (Electro-Magnetic Pulse) devastation of computerized bank records (pp. 175-178).

14. Craig and Lowell predicted that in the emerging “cashless society” the government will impose an automatic 20 percent tax on every transaction (pp. 220-221).

15. And they predict the possible emergence of a new gold-based Islamic coin and other challengers to the world’s paper currencies, including today’s “global reserve currency,” the U.S. Dollar (pp. 246-249).

16. In their 2013 book THE GREAT WITHDRAWAL, Craig and Lowell foresee that we live in a time that will continue to bring many great withdrawals (p. 224):

(a) Americans renouncing their citizenship in record numbers;

TGW (b) “American companies…moving their operations overseas via foreign corporate partners” to avoid sky-high American taxes;

(c) Americans withdrawing from high-tax states such as California to low-tax states such as Texas;

(d) Unionized public employees withdrawing from their unions;

(e) Americans withdrawing from the workforce altogether;

(f) Savers withdrawing from bank accounts and bonds funds in what looks like a slow-motion bank run.

(g) Germany attempting (unsuccessfully) to withdraw their gold on deposit with the New York Federal Reserve Bank.

(h) Voters withdrawing their support from both major political parties;

(i) The Federal Reserve withdrawing gradually from its most recent economic stimulus program.

17. Craig and Lowell in this 2013 book also predict that an inflation tsunami is coming (p. 129), and that our government will continue to be a “Crisisocracy”, creating and exploiting crises to control and silence Americans (pp. 130-131, 137-138).

18. In their stunning fifth book together, DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING, Craig R. Smith and Lowell Ponte predict that your bank account may be hit by any of 20 major threats (pp. 215-219).

Each one of these 20 perils is its own prediction, and most have already begun to come true in various ways.

Jesse James today would probably be unable to rob your bank, but they reveal that you might have trouble getting what you think of as your own money out of your bank, too.

The risks Craig and Lowell reveal are often amazing and always eye-opening.

You could lose your banked money to one of 125,000 Chinese cyber-warriors half a world away; to greedy banksters; or to rapacious spendaholic politicians who desperately need ever-more revenue to keep expanding the welfare state.

19. Your bank account exists only in a bank computer, not a bank safe, and is being robbed systematically right now.

20. Banking (as we know it) will soon die, Craig and Lowell predict, as will our old notions of money. The dawning “cashless society” and “Internet of Things” that are taking over will be convenient, costly, and risky. You might soon even be robbed via computer chips built into your next refrigerator, Craig and Lowell predict.

Seize this opportunity to receive a FREE review e-copy of DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING. Call 800-289-2646 or Register here.

Your bank account is systematically being robbed, and is at serious risk of being seized and looted. How much interest is your bank paying you to put your money at such risk? Less Than Zero Percent!

Monetary expert Craig R. Smith and futurist Lowell Ponte show why it has become illogical – and hazardous to your wealth – to trust your money to today’s increasingly vulnerable and unsafe banks.

Get Your FREE e-copy of DON’T BANK ON IT! THE UNSAFE WORLD OF 21st CENTURY BANKING TODAY! (A $20 value!)

Fed warns big banks to reform or face breakup . . . come, now, are we really to take this man seriously? ~J


What is this article really saying?  “New York Federal Reserve chief William Dudley said that after paying well over $100 billion in fines in the past six years for bad behavior…”  is this defining the culture of New York’s Wall Street…  I’ve heard it stated simply as…  a Culture of Fraud.

Thanks for posting this Jean!

Edward Reidhead

2012: What's the 'real' truth?

AFPSource: YahooNews
October 20, 2014
Thanks to B.

New York Federal Reserve President William Dudley appears on FOX Business Network on May 20, 2014, in New York City

New York Federal Reserve President William Dudley appears on FOX Business Network on May 20, 2014, in New York City (AFP Photo/Rob Kim)

New York (AFP) – The Federal Reserve delivered a stark warning to the largest US banks Monday that they could be forcibly broken up if they do not reform their ways.

New York Federal Reserve chief William Dudley said that after paying well over $100 billion in fines in the past six years for bad behavior, banks should recognize the imperative to reform.

If the heads of the large banks do not change the culture that led to the fines, he said in a speech to top Wall Street officials, “then bad behavior will undoubtedly persist.”

“If that were to occur, the inevitable conclusion will be reached that your firms are too big and complex to manage effectively. In…

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Usurious Returns on Phantom Money: The Credit Card Gravy Train


Usurious Returns on Phantom Money: The Credit Card Gravy Train

Hello Everyone!

It’s great to post again.  Here is a very interesting article on credit card Banks and their banking operations by my friend Ellen Brown, yes the very same Ellen Brown that is running for State of California CA Treasurer in 2014.  Ellen Brown Is the Green Party candidate for State of California Treasurer in 2014.  Take a look at some of the books Ellen has published.  Ellen is the current President of the Public Banking Institute.  How do you feel about public banking for the state of California?

Sincerely,

Ed Reidhead

The credit card business is now the most lucrative part of the banking industry, and it’s not just from the interest. It’s the hidden fees.

You pay off your credit card balance every month, thinking you are taking advantage of the “interest-free grace period” and getting free credit. You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users–hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices.

Visa and MasterCard charge merchants about 2% of the value of every credit card transaction, and American Express charges even more. That may not sound like much. But consider that for balances that are paid off monthly (meaning most of them), the banks make 2% or more on a loan averaging only about 25 days (depending on when in the month the charge was made and when in the grace period it was paid). Two percent interest for 25 days works out to a 33.5% return annually (1.02^(365/25) — 1), and that figure may be conservative .

Merchant fees were originally designed as a way to avoid usury and Truth-in-Lending laws. Visa and MasterCard are independent entities, but they were set up by big Wall Street banks, and the card-issuing banks get about 80% of the fees. The annual returns not only fall in the usurious category, but they are returns on other people’s money — usually the borrower’s own money!     Here is how it works . . . .

The Ultimate Shell Game

Economist Hyman Minsky observed that anyone can create money; the trick is to get it accepted. The function of the credit card company is to turn your IOU, or promise to pay, into a “negotiable instrument” acceptable in the payment of debt. A negotiable instrument is anything that is signed and convertible into money or that can be used as money.

Under Article 9 of the Uniform Commercial Code, when you sign the merchant’s credit card charge receipt, you are creating a “negotiable instrument or other writing which evidences a right to the payment of money.” This negotiable instrument is deposited electronically into the merchant’s checking account, a special account required of all businesses that accept credit.  The account goes up by the amount on the receipt, indicating that the merchant has been paid.  The charge receipt is forwarded to an “acquiring settlement bank,” which bundles your charges and sends them to your own bank. Your bank then sends you a statement and you pay the balance with a check, causing your transaction account to be debited at your bank.

The net effect is that your charge receipt (a negotiable instrument) has become an “asset” against which credit has been advanced.  The bank has simply monetized your IOU, turning it into money.  The credit cycle is so short that this process can occur without the bank’s own money even being involved . Debits and credits are just shuffled back and forth between accounts.

Timothy Madden is a Canadian financial analyst who built software models of credit card accounts in the early 1990s. In personal correspondence, he estimates that payouts from the bank’s own reserves are necessary only about 2% of the time; and the 2% merchant’s fee is sufficient to cover these occasions. The “reserves” necessary to back the short-term advances are thus built into the payments themselves, without drawing from anywhere else.

As for the interest, Madden maintains:

The interest is all gravy because the transactions are funded in fact by the signed payment voucher issued by the card-user at the point of purchase. Assume that the monthly gross sales that are run through credit/charge-cards globally double, from the normal $300 billion to $600 billion for the year-end holiday period. The card companies do not have to worry about where the extra $300 billion will come from because it is provided by the additional $300 billion of signed vouchers themselves. . . .

That is also why virtually all  banks  everywhere have to write-off 100% of credit/charge-card accounts in arrears for 180 days. The basic design of the system recognizes that, once set in motion, the system is entirely self-financing requiring zero equity investment by the operator . . . . The losses cannot be charged off against the operator’s equity because they don’t have any. In the early 1990’s when I was building computer/software models of the credit/charge-card system, my spreadsheets kept “blowing up” because of “divide by zero” errors in my return-on-equity display.

A Private Sales Tax

All this sheds light on why the credit card business has become the most lucrative pursuit of the banking industry. At one time, banking was all about taking deposits and making commercial and residential loans. But in recent years, according to the Federal Reserve, “credit card earnings have been almost always higher than returns on all commercial bank activities.”

Partly, this is because the interest charged on credit card debt is higher than on other commercial loans. But it is on the fees that the banks really make their money. There are late payment fees, fees for exceeding the credit limit, balance transfer fees, cash withdrawal fees, and annual fees, in addition to the very lucrative merchant fees that accrue at the point of sale whether the customer pays his bill or not. The merchant absorbs the fees, and the customers cover the cost with higher prices.

A 2% merchants’ fee is the financial equivalent of a 2% sales tax — one that now adds up to over $30 billion annually in the US. The effect on trade is worse than either a public sales tax or a financial transaction tax (or Tobin tax), since these taxes are designed to be spent back into the economy on services and infrastructure. A private merchant’s tax simply removes purchasing power from the economy.

As financial blogger Yves Smith observes:

[W]hen anyone brings up Tobin taxes (small charges on every [financial] trade) as a way to pay for the bailout and discourage speculation, the financial services industry becomes utterly apoplectic. . . . Yet here in our very midst, we have a Tobin tax equivalent on a very high proportion of retail trade. . . . [Y]ou can think of the rapacious Visa and Mastercharge charges for debit transactions . . . as having two components: the fee they’d be able to charge if they faced some competition, and the premium they extract by controlling the market and refusing to compete on price. In terms of its effect on commerce, this premium is worse than a Tobin tax.

A Tobin tax is intended to have the positive effect of dampening speculation. A private tax on retail sales has the negative effect of dampening consumer trade. It is a self-destruct mechanism that consumes capital and credit at every turn of the credit cycle.

The lucrative credit card business is a major factor in the increasing “financialization” of the economy. Companies like General Electric are largely abandoning product innovation and becoming credit card companies, because that’s where the money is. Financialization is killing the economy, productivity, innovation, and consumer demand.

Busting the Monopoly

Exorbitant merchant fees are made possible because the market is monopolized by a tiny number of credit card companies, and entry into the market is difficult. To participate, you need to be part of a network, and the network requires that all participating banks charge a pre-set fee.

The rules vary, however, by country. An option available in some countries is to provide cheaper credit card services through publicly-owned banks. In Costa Rica, 80% of deposits are held in four publicly-owned banks; and all offer Visa/MC debit cards and will take Visa/MC credit cards. Businesses that choose to affiliate with the two largest public banks pay no transaction fees for that bank’s cards, and for the cards of other banks they pay only a tiny fee, sufficient to cover the bank’s costs.

That works in Costa Rica; but in the US, Visa/MC fees are pre-set, and public banks would have to charge that fee to participate in the system. There is another way, however, that they could recapture the merchant fees and use them for the benefit of the people: by returning them in the form of lower taxes or increased public services.

Local governments pay hefty fees for credit card use themselves. According to the treasurer’s office, the City and County of San Francisco pay $4 million annually just for bank fees, and more than half this sum goes to merchant fees. If the government could recapture these charges through its own bank, it could use the proceeds to expand public services without raising taxes.

If we allowed government to actually make some money, it could be self-funding without taxing the citizens. When an alternative public system is in place, the private mega-bank dinosaurs will no longer be “too big to fail.” They can be allowed to fade into extinction, in a natural process of evolution toward a more efficient and sustainable system of exchange.

Capital One Is The Most Complained-About Credit Card Company- Can you say, Predatory Lending Practices…


Hello!

Does anyone out there have a Capital One Credit card?  I use to until Capital One increased my interest rate for some unclear reason even though I was making regularly scheduled payments to them for years.  Can you say, Predatory Lending Practices?  Please feel free to post any experiences you like to share about Capital One and their business practices.  In this article, it appears that Capital One is the Champion of credit card companies in that it has caused more complaints to be filed than any other credit card issuer.  Here’s a link to the Consumer Financial Protection Bureau web site and complaint portal.  I invite you to stand for yourself and everyone else and document predatory credit card practices to the US Government.

Ed

Capital One Is The Most Complained-About Credit Card Company – Source Article

Since the Consumer Financial Protection Bureau opened its credit card complaint portal in Sept. 2010, more than 25,000 complaints have been filed with the CFPB. And while the 10 largest credit card issuers account for 93% of all those complaints, one company is responsible for more than 1-in-5 of all complaints filed with the Bureau: Capital One.

That’s according to the Ohio Public Interest Research Group’s new report [PDF] that analyzes some of the available data about the CFPB complaint portal.

With 5,625 complaints filed between Sept. 2010 and Nov. 2013, Capital One cards accounted for 21% of all consumer gripes. Citibank’s credit cards were the second most complained-about (4,514 complaints, 18% of the total), followed by Bank of America (3,320; 13%).

Problems with Capital One cards appear to be a nationwide issue, with Cap One receiving the most complaints from consumers in 43 states. In six of the remaining states — Connecticut, Maine, Maryland, New Mexico, New York, Utah — Citi earned the most complaints, with Bank of America being the most-hated card issuer in Alaska.

The complaint portal isn’t just for consumers to scream into a black hole about their credit cards. The idea is that the card company is supposed to respond to each complaint within a given time frame. Of course, the cardholders aren’t always pleased with the card companies’ responses.

If the consumer is unhappy with the card issuer’s response to the complaint, he can file a dispute. Once again, Capital One cardholders filed the most disputes (1,044), meaning about one out of every five Cap One complaints were disputed. This may have been the largest number of disputes, but it’s not the highest rate. That belongs to American Express, where cardholders disputed 26% of the resolutions suggested by the card issuer.

NEIL KEENAN UPDATE – THE KEENAN TEAM REPORTS: IRS – Private, Lying, Globalist-Controlled Thugs


Hello Everyone!

It’s great to post again.  I’m re-posting this again from my friend Jean Haines: 2012: What’s the ‘real’ truth? web blog.  I’m a student of the IRS and this is one of the most in depth reports by the Keenan Team on the IRS I have ever seen.  Enjoy the detail. 

Ed

 

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NEIL KEENAN UPDATE – THE KEENAN TEAM REPORTS: IRS – Private, Lying, Globalist-Controlled Thugs – We Want Our Money Back!

Update: This article now has roughly 11, 500 hits! We are delighted in your interest. It seems at last people are waking up! Hugs, ~Jean

A Personal Introduction by Neil Keenan

We have been had. Nothing we have grown up believing to be real is in fact real. Keenan 1Connecting all the dots, it dawned on me that there was so much more behind the curtain of everything than I was led to believe. I came to believe the only thing that I could trust was real was the love of my family. My government has turned out to be one big phony corporation — a massive worldwide scam perpetrated by Zionists, Nazis, and Khazars. It has to be stopped!

My original mission was supposed to be about the theft of bonds entrusted to me; but I came to clearly see that it had to be so much more. What appears to be and what is are two different things. They are using us! The stolen bonds, although important, had to take a back seat. Humanity is calling for help, and I had to fight even if it was by myself. No one deserves to be blinded to what is happening to their life. No one deserves to be trained and treated like SHEEPLE.

I knew I had to have a team but I had no idea how to go about building one. For two years I have done this by myself. Then, gradually, many began to understand what was actually happening in the world and my team began to grow. There actually were people who thought like me! I was not alone.

Not everyone can see what is happening right before their eyes; but now many realize that something has to give — enough is enough. We can take back what was ours from the beginning.

The most electrifying moment is when thought becomes reality. Although terrifying to some, when we realize the problem is something we can touch and fight, we learn which way to move and how to attack those who would enslave us. We learn that they have weaknesses and can be taken down. And mostly we learn they are not what they claim to be.

Most importantly, the Keenan Group (the Group K Ltd), has a very able team of people, professionals by all means, who apparently have been born to fight such battles. You do not see fear in them, only resilience. They are your warriors and do what you cannot.

Most of all they understand we will take this monster apart piece by piece. And when weakened we will slay it. We have now learned who they are and how they got to where they are. We know where they hide, and we will soon be going to the doors that they hide behind. It is time to devastate them as they have been doing to us all these many years. They have used our good nature and emotions against us, kept us ignorant, and inhumanely manipulated us for their own psychopathic purposes. They will be paid visits shortly and they will fear the wrath of our people.

Group K, Ltd. will address each and every issue, and we are not just talk. The time to ACT is near. The rules of the game are changing. We will no longer play by their rules — we will follow our own rules. We have an entire world waiting to emerge as truly free people and there is no stopping it now.

When the time comes, the so-called Cabal/Illuminati will find that billions of people who they intended to wipe out will be the very ones to decide their fates: thumbs up or thumbs down. How will the people react? As for me, I will have no mercy. But this will be a decision made by a colossal group of people bearing neither kindness nor hate – only objectivity.

Do we want these kind of people living amongst us again? Do we want to have to keep an ever-vigilant eye out for another invasion by them in the future, or do we want to end it all right here, right now. You know my vote!

What you will be reading here in this post is another limb to be severed from the Cabal. One which they have used to rape and pillage us for nearly 100 years. They hid the truth well, but not well enough. The Keenan Team seized upon it and did a remarkable job of exposing it. This article is going to rock your world. It is going to make you angry, very angry. But that anger has great value when it is properly channeled.

What I suggest is that we get together as a large group and pay our senators and congressmen and bankers visits and terrorize them just by their seeing us — as they have terrorized our families, our mothers and fathers for so many long years now. Let them know they have no other way out. Let them know that their way out is through us and only us. We will create one immense defensive line, one which they dare not move against. Be visible, be vocal, be loud. To be, or not to be, that has truly become the question for us all.

I suggest we get the mom-and-pop grocery stores operating again. The large supermarkets belong to the Cabal and we can no longer support them. Whenever possible, buy local and home-grown foods and avoid the large supermarket chains — and that is always possible! Maybe in time we can put all the mom-and-pop stores together under one roof and create a Bazaar that will be fantastic for all. No Monsanto and no Wal-Mart. Have we learned our lessons yet? Big is not always better.

I want to thank the Group K Ltd. – the Keenan Team, for doing such a magnificent job. They have taken the IRS and provided you with the truth that has long been denied us.

The lampposts are getting closer and closer, don’t you think, George?

BushLampost-1

* * * * * * * * *

The 16th Amendment Purporting To Authorize Federal Taxation Of US Individuals Was Never Ratified By The States.

The first Federal income tax in the United States occurred during the civil war, through the passage of The Revenue Act of 1861: three percent for those making between $600 and $10,000, and five percent for those making over $10,000. This income tax was repealed ten years later.

The U.S. Supreme Court, however, ruled that the Federal income tax violated the U.S. Constitution because it was a direct tax on individuals and not apportioned between the States, required by the Constitution. The Constitution protects individuals against the abuse of Federal government power by stripping from the FEDs the power to tax individuals, knowing the power to tax is the power to destroy.

So the Federal power-seekers sought to overrule our forefathers and to empower the Federal Government, (that is, our US Federal Corporation, hereinafter, “The FEDS”) with the power to tax individuals through the 16th Amendment. The ratification of the 16th Amendment is dubious. In 1913, the same year British agents steered through Congress the FED fraud on the night before Christmas Eve, the 16th Amendment was hatched. But the founders made changing the Constitution difficult, to say the least. One of two ways to alter our founding document requires any proposed Constitutional Amendment be ratified by three-fourths of the States.

Fraud and deceit were the hallmarks of this “ratification” process. At the time there were 48 States. More than 13 States either did not ratify the 16th Amendment, or it was fraudulently reported by a State Secretary of State as ratified, when it in fact was not. (The Law That Never Was) Ohio was counted as a ratifying State, even though Ohio did not lawfully become a State until Eisenhower signed an order in the 1950s.

One Federal court has passed on some of the fraudulent ratification issues (but no Federal court has passed on all of these fraudulent issues), and it has declared that it is enough for a Secretary of a State to fraudulently report a ratification that in fact never occurred! Then this Federal court turned around and threatened attorneys that raised the illegal ratification issue with court fines if any dared raise the issue again – as if some cabal-stooge in a Secretary of State position can substitute his signature for the proper and legal ratification of an entire State — what gall! Federal Judges who placate Globalists by trampling the Constitution will have hell to pay, to be sure.

Even if the 16th Amendment had been legally passed, it did “not change the constitutional limitations which forbid any direct taxation of individuals.” (U.S. Supreme Court in Brushaber v. Union Pacific Rail Road Co. 240 U.S. 1 (1916).) Nor did the 16th Amendment purport to overrule the prohibition on direct taxation elsewhere in our Constitution.

Like every nefarious encroachment by our government, The FEDs roll it out slowly over time to acclimate us to their society-destroying power-grabbing plans. The U.S. income tax started out only soaking the rich. The Federal tax rate was in the single digits for those making under $250,000 in household income, and was capped at 15% for those making over $2 million. Today, of course, The FEDs have slowly inched their tentacles deeper and deeper into the pockets of the US middle class, at a time when the “Federal” “Reserve” “Bank” has decimated the value of the dollar down to fifteen cents.

The FED’s taxation of the people of the United States violates the protection our forefathers assured through our Constitution: that historical document created solely to check an out-of-control Federal Government. Making The FEDs the single biggest beneficiary of every middle class family paycheck has long caused our forefathers to roll over in their graves.

The IRS is Not a U.S. Government Agency: It’s a Sham Puerto Rican Trust With No Legal Authority To Collect A Dime From The People of the United States.

The IRS is Not a US Agency

The Bureau of Internal Revenue (BIR), aka the Internal Revenue Service (IRS), was never created by any Act of Congress. It is not an agency of the Department of Treasury. The only mention of the IRS appears in 31 U.S.C. Sec. 301-315 stating that the President is authorized to appoint an Assistant General Counsel in the U.S. Department of Treasury to be the Chief Counsel for the IRS.

In the 1979 case Chrysler v. Brown (441 U.S. 281), the U.S. Supreme Court admitted that, after searching back to the Civil War, no organic Act for the IRS could be found. The Guarantee Clause in the Constitution establishes a Federal rule of law (Article IV, Sec. 4). We are supposed to be a nation of laws — not a Nation of Globalists’ edicts. The IRS is not a US agency because there is no US law creating it. The IRS is a fraud, a charade, bilking us only because we’ve let them get away with it.

The IRS Is, In Actuality, Puerto Rican Trusts

The IRS is Puerto Rican Trusts operated by the Secretary of the Treasury, as the Trustee. The settler and beneficiaries of these trusts are unknown, and, conveniently enough, the Puerto Rican laws governing trusts keeps these entities secret.

Although concealed, according to US Code 31, Chapter 3, the Internal Revenue Service and the Bureau of Alcohol, Tobacco and Firearms are all one organization.

Acquired by conquest, the US gained possession of the Philippine Islands, Guam and Puerto Rico. The Philippine Customs Administrative Act was passed by the Philippine Commission between 1900 to 1902. It was created to regulate trade with foreign countries and to impose custom duties and excise taxes. This Act created the Federal government’s first trust fund, Trust Fund #1 (US Code 31, Sec. 1321) and was administered under the general control of the Secretary of Finance and Justice.

In 1904 another Act was passed that created Trust Fund #2 and was known as The Bureau of Internal Revenue (US Code 31, Sec. 1321, Article I, Sec. 2 & 3):

“There shall be established a Bureau of Internal Revenue, the chief officer of which Bureau shall be known as the Collector of Internal Revenue. He shall be appointed by the Civil Governor, with the advice and consent of the Philippine Commission, and shall receive a salary at the rate of eight thousand pesos per annum. The Bureau of Internal Revenue shall belong to the department of Finance and Justice.”

“The Collector of Internal Revenue, under the direction of the Secretary of Finance and Justice, shall have general superintendence of the assessment and collection of all taxes and excises imposed by this Act or by any Act amendatory thereof, and shall perform such other duties as may be required by law.”

This in effect made the Customs Administrative Act within the jurisdiction of the Bureau of Internal Revenue in the Philippines, merging the two to be responsible for “all taxes and excises imposed by this Act” — import and export excise taxes.

Prior to 1940, another Bureau of Internal Revenue was created in Puerto Rico and known as Trust Fund #62. Under the Reorganization Plan #3 of 1940 (US Code 5, Section 903), the Federal Alcohol Administration (created to enforce prohibition of alcohol) was abolished and their functions transferred to the Secretary of Treasury through the BIR. Although the history has been removed from the older editions of the USC, it can be deduced that the Federal Alcohol Administration was absorbed by the Puerto Rico Trust #62.

The China Trade Act was passed between 1904 and 1938 and dealt with opium, cocaine and citric wines shipped out of China, which appeared to be administered in the Philippines by the BIR. The Code of Federal Regulations of the USA, Title 26 Internal Revenue, Chapter I, references for the first time terms such as income, credits, withholding, assessment and collection and failure to file a return. However, the entire substance of Title 26 applies to foreign individuals, foreign corporations, foreign ships, income from sources within the possessions of the United States, and citizens and domestic corporations of the US that derived income from sources within the possessions of the US.

All taxes covered by these laws were for imposts, excise taxes and duties to be collected by the BIR for narcotics, alcohol, tobacco and firearms. The IRS Act of 1939 applied to all taxes and duties collected on trade between US possessions (Philippines, Puerto Rico, District of Columbia, Virgin Islands, Guam, Northern Mariana Islands) and foreign individuals, corporations and governments. A point of fact is that Al Capone was not jailed for income tax evasion — he was jailed for unpaid tax due on alcohol imported from Canada!

The Victory Tax Act

Passed by Congress for the years 1943 to 1944, the Victory Tax Act duped patriotic Americans into paying taxes to support winning World War II. The federal government created the clever lie that this tax applied to all Americans by sending out tax form 1040 to everyone.

In fact, only employees of the federal government, residents of the District of Columbia, residents of naval bases, residents of forts, US citizens of the Virgin Islands, Puerto Rico, territories and possessions were lawfully required to file and pay the Victory Tax.

When the Victory Tax law expired in 1944, the news media never announced it to the public, and so the devious Federal government simply continued sending out 1040 forms in spite of the fact that no citizen of the 50 Union States was ever liable to pay the tax in the first place.

Bureau of Internal Revenue Becomes Internal Revenue Service

In 1953, the US surrendered control over the Philippines. Many questions remain about Trusts #1 (customs duties) and Trust #2 (internal revenue), such as why they continue to be administered to this day, and who exactly are the settlers and beneficiaries of the trusts.

It is no coincidence that in 1953, the Secretary of Treasury, G.K. Humphrey, under no legal authority but his own, changed the name of the BIR to Internal Revenue Service, by signing Treasury Order 150-06. Whether Humphrey changed the BIR’s name in the Philippines or in Puerto Rico is unknown.

Without the approval of Congress or the President, Humphrey illegally turned the Trust(s) into a Department of Treasury agency. No one opposed or even so much as challenged it.

Mutual Security Act

In 1954, the US and Guam became partners under the Mutual Security Act. The IRS Code of 1954 was also passed and coordinated “Individual Income Tax” for the US and Guam. Since the Constitution forbids un-apportioned direct taxes on the people of the United States, the Federal government had to trick people into volunteering to pay taxes as U.S. citizens of either Guam, Puerto Rico or the US Virgin Islands.

Fast forward to 1972 when, again with no legal authority, Acting Secretary of Treasury, Charles E. Walker, signed Treasury Order 120-01, establishing The Bureau of Alcohol, Tobacco and Firearms (BATF). Walker apparently branched the IRS, creating the BATF, and then joined them back together into one. The Federal Register, Vol. 41, #180 (1976) states: “The terms ‘Director, Alcohol, Tobacco and Firearms Division’ has been replaced by the term ‘Internal Revenue Service’.”

However, Walker then cancelled out the order by declaring:

“The terms ‘Director, Alcohol, Tobacco and Firearms Division’ and ‘Commissioner of Internal Revenue’ wherever used in regulations, rules, and instructions, and forms, issued or adopted for the administration and enforcement of the laws specified in paragraph 2 hereof, which are in effect or in use on the effective date of this Order, shall be held to mean ‘the Director’.”

Walker created the BATF from Humphrey’s Alcohol, Tobacco and Firearms Division of the Internal Revenue Service. He then maintains that what he transferred is the same “thing” as the Commissioner of Internal Revenue. Knowing he had no authority from Congress or the President, Walker made it appear that he had done something he had not done. To compound this fraud, the Federal Register published that a person was replaced by a thing: “the term Director Alcohol, Tobacco and Firearms Division has been replaced with the term Internal Revenue Service.”

In 1935 when the Federal Alcohol Act (prohibition) was ruled unconstitutional within the 50 States, the functions of the Federal Alcohol Administration then became administered by the Secretary of Treasury through the BIR, an offshore Trust. The BIR became the IRS, and the IRS then gave birth to the BATF. On September 15, 1976, a signature somehow turned the position of Director of the BATF into the IRS.

To summarize, there is no such organization within the Department of Treasury known as “The Internal Revenue Service” or the “Bureau of Tobacco and Firearms.” In Title 31 USC stating the laws applicable to the Department of Treasury and listing the organizations belonging to it, there is no IRS or BATF listed. However, both the IRS (Puerto Rico Trust #62) and BATF, are listed as entities “to be audited” by the Controller General and both are referred to as having office(s) in Puerto Rico.

The IRS Code of 1939, aka IRS Code of 1954, pertains solely to tobacco and firearms taxes, administered by the IRS — alias BIR, alias Virgin Islands Bureau of Internal Revenue, alias Director ATF Division, alias IRS.

There is No Law Requiring The People of The United States To Pay Taxes To The IRS.

It’s always difficult to prove a negative, but those who know, understand there has been no law requiring citizens of The United States of America to pay taxes to any Federal Agency, much less  Puerto Rican Trusts with secret owners.

Here is the-then IRS Commissioner admitting that taxes paid to the Puerto Rican Trusts (IRS) are a voluntary act of US sheeple:

And here is the latest former IRS Commisioner, Stephen Miller admitting, at 4:44-4:49 on the video that “voluntary compliance . . . which under law is our entire tax system . . .”

No Rule for Failure to File a Return

According to 44 USC, every regulation or rule must be published in the Federal Register and must be approved by the Secretary of the Treasury. If there is no regulation, there is no implementation of the law. There can be found: no regulation governing “failure to file a return”; no regulation governing “failure to file,” and no computer code for “failure to file.” Oddly enough, there is a requirement stating where to file an income tax return, and 26 C.F.R., Section 1.6091-3 states that “Income tax returns are required to be filed with the Director of International Operations.” Note the word “International.” Who is this Director?

No one in the IRS or BATF has any authority to do what they have been doing all these years. The 1986 Delegation Order #115 states that only the IRS and BATF can conduct audits, but only audits of themselves for $750 or less. Any audit above that amount must be done by the Controller General.

No IRS or BATF agent or representative can provide any law, rule or regulation that gives them authority to audit anyone but themselves.

Per 26 CFR, Section 1.6001-1(d), no one is required to keep records or file returns unless specifically notified by the district director by notice served to make such returns, render such statements or keep such specific records as will enable the district director to determine whether or not such person is liable for tax under Subtitle A of the Code. Furthermore, this rule also applies to State individual income taxes, where “State” solely refers to the District of Columbia, US Virgin Islands, Guam, Northern Mariana Islands, Puerto Rico, territories and insular possessions.

IRS Computer Codes

IRS Service Publication 6209 lists computer code “TC 150” for Virgin Island returns, and Codes 300-398 are listed as US and UK Tax Treaty claims for taxes on narcotics that are financed in the Cayman Islands and imported into the Virgin Islands.

When people having tax problems with the IRS file a Freedom of Information Act requesting their “Individual Master File” (IMF), every return has these computer codes except for the Guam returns. Every return shows that the citizen is being taxed on income that came from importing narcotics, alcohol, tobacco or firearms in the US or one of its territories/possessions, from a foreign country, or from Guam, Puerto Rico, the US Virgin Islands or into the Virgin Islands from the Cayman Islands.

26 C.F.R, Sec. 601.103(a) is the only reference to who is required to file a return, provided that the person has been properly noticed by the District Director to both keep records and is required to file. Have you ever been sent a notice from the District Director to keep records and file a return? If you write or print your name on a line marked “taxpayer,” you become the taxpayer.

Since these forms are affidavits, you commit a crime when you fill out the form confirming what you are not, a taxpayer. You are a Citizen of the United States of America and subject to the laws of the Constitution of the United States of America.

“The scam manifests itself in many different ways. In order to maintain the semblance of legality, hats are changed from moment to moment. When you are told to submit records for examination, you are dealing with Customs. When you submit an offer in compromise, you are dealing with the Coast Guard. When you are confronted by a Special Agent of the IRS, you are really dealing with a deputized United States Marshall. When you are being investigated by the alleged Internal Revenue Service, you are really dealing with an agent contracted by the Justice Department to investigate narcotics violations. When the alleged Internal Revenue Service charges you with a crime, you are dealing with the Bureau of Alcohol, Tobacco and Firearms. Only a small part of 26 U.S.C. is administered by the alleged Internal Revenue Service.

“Most of the Code is administered by the Bureau of Alcohol, Tobacco and Firearms, including Chapters 61 through 80, which is enforcement. In addition, 27 C.F.R. is BATF, and states in Subpart B, Definitions, 250.11, Meaning of terms: ‘United States Bureau of Alcohol, Tobacco and Firearms office — Bureau of Alcohol, Tobacco and Firearms office in Puerto Rico.’ Every person we find who is being prosecuted by the alleged Internal Revenue Service has a code on their IMF [Individual Master File] which puts them in “tax class 6,” which designates that they have violated a law relating to alcohol, tobacco, or firearms, in Puerto Rico.”                    William Cooper, 1995.

While the U.S. Department of Justice has the power of attorney to represent federal agencies in federal court, it has no legal authority to represent the IRS since it is not a legal agency. Furthermore, the governments of all federal territories are specifically excluded from the definition of a “federal agency” by Act of Congress (5 U.S.C. 551(1)(C). Since the IRS is domiciled in Puerto Rico, it is by definition not a federal agency that can be represented by the Department of Justice.

However, because the President has the authority to appoint IRS Chief Counsel, he/she can appoint a delegate to appear in federal court on behalf of the IRS and IRS employees. The chain of command starts with Congress, then flows to the President, then to IRS Chief Counsel – not to the Department of Justice.

IRS Thuggery

We have become a people ruled by tax laws passed by the rich and for the rich where no law exists that requires taxes to be paid. The IRS gets away with its brutal enforcement of this scam because the Federal courts have, case after case, refused to hold them accountable. Consistently the due process afforded to us by our Constitution is completely violated, with property and records being confiscated so that Americans are helpless to defend themselves against the IRS and their weapons.

The 2013 Tax Advocate Service annual report bemoans IRS criminal collection practices, which were ruled illegal by Federal courts, but just ignored and continued by the IRS. IRS lawyers, federal judges and IRS personnel and appointees habitually lie in court cases to perpetuate IRS fraud.

And, as has been widely reported by the IRS targeting of the Obama Administration’s political enemies, the IRS has been turned into a political weapon of mass destruction that would make Nixon blush. And don’t you believe the whitewash investigation by the Administration’s wolf in the people’s chicken coop:

Over the years, the IRS’ fraudulent publications, misapplied tax code and deliberate omissions have trained lawyers and judges to continue this fraud by unwittingly paying taxes for which we are clearly not liable. We allow our liberties and our living to be confiscated and pillaged by the lawless, criminal ruling class to the extent to which we allow lawyers and judges to willfully misapply tax laws. According to the 2013 Tax Advocate Service annual report the taxpayer has just a 2% chance of success if they challenge the IRS.

William Cooper: “We have been betrayed by those we trusted. We have been robbed of our money and property. It happened because we trusted imperfect men to rule imperfect men, and we failed in our duty as watchdogs. It happened because we have been ignorant, apathetic and even stupid.”

It is essential for all Americans to become aware of the history of the IRS and understand how one lie has been compounded by countless other lies to brainwash Americans into paying taxes that they clearly are not liable to pay.

The IRS is a criminal, thug organization that is out of control.

Where Has Our Money Gone?

By all accounts, the IRS first puts the money into a “Quad Zero” account under an Individual Master File, after which time it can apparently do whatever it wants with the money. Sometimes it is dispersed under Treasury Order #91 (Rev. 1, 1986), which is a service agreement between the IRS and the Agency for International Development (USAID).

In accordance with the international agreement that created the International Monetary Fund, the Secretary of Treasury is the U.S. Governor of the International Monetary Fund and is paid by them. The International Monetary Fund came into existence at the United Nations Monetary and Financial conference in Bretton Woods, New Hampshire in 1944 and the US became a member in 1945 (U.S.C. Title 22, Sec. 286).

So what is funding our federal government? Tax researcher, Richard Standring (now deceased) believed that the US funds itself with loans from the International Monetary Fund. Following checks naming the IRS as the payee, Standring found that the checks go to a Federal Reserve bank. The money then flows to the International Bank for Reconstruction and Development and is deposited into the “Quad Zero” account, which is the account from which the IRS distributes refunds (per 22 U.S.C. 286 and 31 CFR 11, Sec. 214.7)

According to Standring’s research, whatever is left over is then transferred to the International Monetary Fund and subsequently redistributed in the form of loans to countries around the world, including the US. These loans must then be paid back with interest to International Monetary Fund bankers.

Our own money is being used for loans, even to our own country, which we have to pay back with interest to the International Monetary Fund. What portion of our national debt does this account for?

It may be impossible to accurately determine how much American tax dollars have been funneled to the International Monetary Fund, or given away by the Federal Reserve Bank to foreign banks, or how much money the government has illegally siphoned off for black-ops, false flags, payoffs to lobbyists and Congressmen, and for assassinations of presidents (domestic and foreign), scientists and whistleblowers. However, what can be documented is that for 240 years, a large portion of our tax dollars – and countless American lives — have gone to line the pockets of the multi-national military industrial complex.

American Involvement in Wars

* American Civil War 1861-1865

* Spanish-American War 1898

* World War I 1917-1918

* World War II 1941-1945

* Puerto Rican Revolt 1950

* Korean War 1950-1953

* First Indochina War 1950-1954

* Vietnam War 1953-1975

* Laotian Civil War 1953-1975

* Lebanon Crisis 1958

* Congo Crisis 1960-1965

* Bay of Pigs (Cuba) 1961

* Colombian Conflict 1964-present

* Invasion of Dominican Republic 1965-1966

* War in Bolivia (Execution of Che Guevara) 1966-1967

* Korean DMZ Conflict 1966-1969

* Cambodian Civil War 1970-1975

* Soviet War in Afghanistan 1979-1989

* First Gulf of Sidra 1981

* Lebanese Civil War 1982-1984

* Invasion of Grenada 1983

* Action in Gulf of Sidra 1986

* Bombing of Libya 1986

* Operation Ernest Will (Iran-Iraq War) 1977-1978

* Second Gulf of Sidra Incident 1989

* Invasion of Panama 1989-1990

* Persian Gulf War 1990-1991

* Iraq No-Fly Zones (Iraq-Kurdish Conflict) 1991-2003

* Operation Restore Hope (Somali Civil War) 1992-1994

* Bosnian War (Yugoslav Wars) 1993-1995

* Operation Uphold Democracy (Haiti) 1994-1995

* Operation Infinite Reach (al-Qaeda) 1998

* Kosovo War (Yugoslav Wars) 1999

* War in Afghanistan (War on Terror) 2001-2011 (ongoing)

* Operation Enduring Freedom-Philippines (War on Terror) 2002-present

* Operation Enduring Freedom-Horn of Africa (War on Terror) 2002-present

* Second Liberian Civil War 2003

* Iraq War (War on Terror) 2003-present

* War in Northwest Pakistan (War on Terror) 2004-present

* War in Somalia (War on Terror and Somali Civil War) 2006-2009

* Operation Enduring Freedom-Trans-Sahara (War on Terror) 2007-present

* Al-Qaeda Insurgency in Yemen (War on Terror) 2010-present

* Libyan Civil War (Arab Spring) 2011

* Lord’s Resistance Army Insurgency (Africa) 2011-present

It is evident the FEDs has perpetually kept our country at war and conflict. They have done this by keeping Americans feeling under eternal threat, both at home and worldwide, thereby justifying taxes for what is made to appear as desperately-needed protection. Nothing reveals this deadly con game against the American people more than the 9/11 false flag and the resulting years of the “War on Terror,” which is nothing more than a euphemism for a war against the people — against our standard of living, against our paychecks, our rights, our health and our safety. They will take everything, unless we wake up, join forces, stand and fight them to the death. They cannot win against us all.

We Want Our god-Damn Money Back!

There are now movements afoot to mount a massive new class-action suit against the IRS. We applaud these efforts and would add a clarion call to all patriotic American lawyers who have the courage and fortitude to stand up for American citizens and flood the courts with lawsuits to reveal the illegality of the income tax, expose the IRS for its criminal fraud and force the courts to uphold our U.S. Constitution.

The elite have long relied upon our not knowing the truth and not knowing what to do. Now that we know the truth, will we continue to allow them to take our money and ask “but what can I do?”

At our inception as a country we freed ourselves from tyranny, and we must do it again — monumental change will be achieved by We The People joining together.

Copyright © 2014 Group K, Ltd.

Slavery By Consent ( Full Version)


Hello Everyone!

I’m committed to posting more information on this blog. Here is a very interesting documentary film that provides new and unique information on what is really going on with my and others reality here and now. Am I really consenting to my slavery by going along to get along? I invite you to comment on the video and share with me and everyone what stands out for you.

Ed Reidhead

 

Slowly, the world awakens from the nightmare of debt slavery and illegitimate authority imposed on us for nearly 6000 years which has violated the natural, universal laws made to govern us and our interaction with each other and all other species on this planet by the Creator of the universe…

‘Congress all bribed, has zero confidence in eyes of American people’ – World Bank whistleblower


‘Congress all bribed, has zero confidence in eyes of American people’ – World Bank whistleblower

Hello Everyone :),

Enjoy this current interview with my friend Karen Hudes, World Bank Whistle blower and former Attorney.  Is the “Financial Meltdown” about to commence now, or has the collapse already begun.  One thing is for sure, when physical Gold can’t be delivered as in permanent Gold backwardation we are in the Federal Reserve End Game…  Who controls the Federal Reserve System?

Ed Reidhead

http://rt.com/shows/sophieco/world-bank-us-shutdown-820/

The US government shutdown – a temporary ailment or a symptom of a grave disease? Are the Republicans right in their move to block Obamacare spending? Who gains from the shutdown turmoil? Do the politicians care about their citizens? Our guest comes from the very heart of the banking system: Karen Hudes was World Bank lawyer when she blew the whistle on major corruption cases in the system and was fired as a result.

Follow@SophieCo_RT

Sophie Shevardnadze: Our guest today is whistleblower Karen Hudes, former senior counsel at the World Bank. Karen, it’s great to have you on a show today.

Karen Hudes: Thanks for having me. Sophie, I’m glad to be with you.

SS: So, the government shutdown. Is the move on the part of the Republicans justified? Is fighting off Obamacare worth all this mess?

KH: I think there is something more going on behind the scenes. A lot more actually.

SS: What do you mean?

KH: Well, there is a terrible currency problem. We’re on the verge of the currency war. The Federal Reserve is printing dollars like there is no tomorrow. And if they keep going the rest of the world is not going to accept them. As it is the BRICS countries – Brazil, Russia, India, China and South Africa – have decided that they are going to finance the trade among these countries with assets and pay for the difference in gold. And this is a right move for them…

SS: But how is that connected with a shutdown though?

KH: The US Congress has been fighting with the presidency because the presidency has been in total contempt and the highest legal officer of the United States Government has also been in contempt of Congress in fighting this international corruption that is ruining the dollar as an international reserve currency.

SS: You know, economists have been predicting the dollar will fall ever since the crisis in 2008. But the Government has managed to keep it afloat.

KH: Well, not for a long. If you look at what’s going in the gold and other precious metals markets, silver as well, we’re headed to something called “permanent gold backwardation”, that means there is a loss in confidencein the fiat currencies that are issued by those private banks. They like to consider themselves as ‘public banks’ but they really owned by private entities. And these currencies are about to crash because they are valueless, that’s what always happens to paper currencies that aren’t backed by assets.

SS: Like you’ve mentioned – “gold backwardation”, gold is often chanted as perfectly safe investment and alternative to the dollar, even. But how come the price of gold is following?

KH: Because of a market manipulation but that can only continue for so long because the Central Banks are running out of gold and the rests of the world are lining up to buy them. If you want to buy gold today, you have to pay today a premium. What they are offering in the future is called ‘a naked short’, they don’t have the gold to back those offers, that’s illegal what they are doing.

SS: I will get back to gold in a bit. But for now I would like to focus on Obamacare. In your opinion, is Obamacare really that crucial for the US economy?

KH: What you have is something that’s very good for medical insurance because most of the other countries that offer medical coverage do this through a single issuer. And that’s it not what we have here. What we have here is a bill that was drafted by the medical insurance companies. It’s not good for this economy. It never was.

SS: Why do you say it’s not good?

KH: Because what’s happening is the workers that worked full-time are being put deliberately on part-time basis, so that the companies can avoid giving the medical insurance coverage under the provisions of the law.

SS: You know this Obamacare thing.. I’ve heard it many times being compared to Socialism, Communism sometimes even. Do you trace the resemblance?

KH: That’s just because the mainstream media, when they report about what’s going on, are doing it by telling lies and anything that’s good for the powers that be. The mainstream media is completely owned and controlled by the same companies, private companies that own the Federal Reserve System. Most of the American citizens are clueless about the corruption that’s rifling their economy.

SS: But just to make sure are you saying that everything about Obamacare is bad? Or are there good things about it?

KH: No, of course, there are good things about it. But the problem is that the people that wanted to get up decent courage were not given the tools, they were not given the equipment, they were not given the press coverage – the honest press coverage that society needs to enact just legislation. The Congress people are all bribed by these corrupt forces and the American citizens have Zero confidence in their Congress.

SS: So, at this point you side with the Republicans for blocking the medicare.

KH: I’m not siding with Democrats or Republicans because both of those parties have been co-opted by these terrible corrupt forces I’m talking about.

SS: What we have right now is Americans being forced to get health insurance. How does it go with their love of liberties and freedom of choice?

KH: It’s not so much a question of being forced, you have to look at those parts of the society that have been thrown under the bus. The uneducated children who are not given superior education like we used to have.We are society that is giving short shrift to the people that need us. I’m not saying that we ignore the health needs of our country. I’m saying that we ignore the mainstream media because they are not telling us the truth.

SS: You know, I also heard Obama supporters argue that the American Capitalism is on the verge of death in its present form, the way it is existingnow, and the social injections, meaning the medical care and Obamacare, are needed as the only way to reform it or save it. Do you agree or disagree with that?

KH: The problem is not with the American citizens, they are a wonderful group, their values are good. It’s just that they are not given the tools that they need to have a just society. They are not given the basic information, about what is really going on and who is benefiting, from the economies that they are being told… they have been told that they have no money, they have taken an entire city, Detroit, and declared it bankrupt. When what’s actually happening is their tax dollars are not even staying in the society, their tax dollars are going by treaty to the United Kingdom, and then they are being transferred to the Vatican, to the bank of the Vatican. This is not a society that is going to be sustainable on any basis, for any reason.

SS: Do you feel like American economy is peaking up because we hear President Obama saying shutdown hurts American economy but at the very sensitive moment world has just started to catch up. Do you feel it’s catching up really?

KH: Those numbers about the employment are completely fabricated because they are not counting those people who have given up ever finding a job as unemployed. That’s ridiculous! The real rate is just about double what they reported as being.

SS: So the American debt looks like a doomed patient. Is there any other possibility for it than just grow into eternity forever? I mean raising debt ceiling once or twice a year, what’s the problem?

KH: The problem is actually when you talk about debt that our currency is financed by debt, our currency is issued by the Federal Reserve instead of the Treasury which is unconstitutional. When the Federal Reserve System was instituted in 1913 most of the Congress was on break, they sneaked that legislation through. So the debt is there simply for those bankers to put in interest on it and have it grow and compound every year. The debt is a fabrication, it’s probably should be repudiated. But it can be repudiated until you’ll have looked that all ofthe implications.

SS: Do you think it’s going to go on and on forever?

KH: No, what I think it’s going to happen is that at the upcoming Bretton Woods meeting on October 9th the countries of the world, the foreign ministers of the world are going to sit down and have a rational basis for currency rather than this fiat currency which is absolutely… what can I say, it makes no sense to anyone but the bankers that are issuing it.

SS: So, when you look at the conflict of the debt, it’s much more than just borrowing money – it makes you controllable. For example, in the case of US – who controls it, you mean the big corporations, or countries like China and Japan, who control large chunks of the debt?

KH: Well, that’s a very good question and, fortunately, some mathematicians at the Swiss Federal Institute of Technology have given us a very precise answer. They did a study of who owns and controls the companies on the capital markets – 43 000 companies. They found out that there is «a secret super-entity», they call it, that owns 60% of the earnings every year and 40% of the assets. They did this by putting the same people on the boards of these companies. So, they have ten times the economic power than there are entitled to. And they thoughtthat none would catch them at it. This is a huge conglomerate that has been rigging the labour’s prices, it has been rigging all of the commodity’s prices, and it has been trading in the securities markets with insider information. It has got to be stopped. It also bought up the media and has been lying to people deliberately. This is going to stop.

SS: So just to answer my question – the government is controlled by the conglomerates or the corporations rather than countries that are up and coming economically, right? Why haven’t these corporations or conglomerates, as you call it, been caught? Why is nothing changing?

KH: That’s the whole point about it. They’d like to think they are in control but they are not, they are not above the law. And we, citizens, know exactly what they are up to, we’ve been working on this problem, all of the governors of the States have been working on this terrible corruption, so have the Attorneys-General, so have the Sheriffs, and it’s not going to continue. The American people are taking back their government and they are stopping this terrible corruption.

SS: As of today, the United States is a financial heart of the world. Whether it collapses or keeps on going, it’s obviously wrong – this much power is concentrated in one place. Asia is a rising monster right now; could it be stealing this financial role from the US? Do you think China, for example, could steal its financial role from the US? Or are they also controlled by that same financial elite you’re mentioning?

KH: Well, I can tell you that the Jesuits have a very strong strangle hold on China as well but I can also tell you that the transition of economic strengths from the western countries to the east is going to happen, but it’s going to happen in a smooth way. It’s not going to be a transition through a currency war like that terrible corrupt group is trying to manipulate everyone into. We’re going to have a peaceful power transition this time around; we’re not going to have the World War III. They try to pull it off in Syria, they are now thinking they can pull it off in Iran, it’s not happening. The citizens of the world see what they are doing and we’re not letting them get away with it this time.

SS:Foreign governments keep buying US Treasury bonds despite obvious problems US economy is facing. What’s making them do that, in your opinion?

KH: I think the biggest market for the Federal Reserve notes is the US Treasury and there is a God of dollars right now. Yes, there is also a small market, unfortunately, the market is weakening as the dollar weakens because of all of this, what they call quantitative easing, where every month so many additional dollars are printed with absolutely no backing.

SS: Should we be buying gold?

KH: Well, yes and no, I think gold is probably wise purchase right now but more as insurance than investment because there is actually a great deal of gold, there is even more gold than people know about. For example, the amount of gold in the deposit in the Bank of Hawaii is 170 000 tonnes, this is more than the World Gold Council says as available for all the gold on the Earth. People don’t know how much gold there is, there is a lot of gold.

SS: Are you buying gold?

KH: I did actually, yes. But not because it’s an investment but because I’m not 100% certain that we’re going to get to act together before all of the paper fiat currency falls apart. So I see it as an insurance but because of the amount of gold that’s actually around in the world in deposit all over the world, I’m not so sure it’s a great investment.

SS: So you think the return to the gold standard is a realistic thing? It could be a possibility?

KH: Well, actually, that’s not such a good thing. The currency ought to be backed by value, but there is no reason why it should be restricted to precious metals, it could be any of the commodities that are valuable. The important thing is that, yes, the currency should be backed by assets rather than by debt as we now have.

SS: But if a financial collapse happens , let’s say, will gold be of any use? I mean, there is shortage of food, look at the world today, the biggest problem we’re facing is a clean drinking water. What gold is going to do about that?

KH: First of all, I think that we’re going to manage together, act together, I’m not expecting a collapse. Very accurate game-theory model is showing that we’re going to manage to make a transition in a very smooth way, maybe there’ll be a few fits at start. I think most of the countries in the world are in favour of working together and not to have a collapse. The only thing that you’re saying is that some of these crooks haven’t figured out, they haven’t seen the writing on the wall, they haven’t seen that we understand that there is a way to work together and avoid these problems, which are definitely avoidable.

SS: So, Karen, you were a senior counsel at the World Bank. Tell me something, honest banking is this an oxymoron?

KH: No, we have examples all over the place in the United States, the state of North Dakota has its own state bank and many of the other states are looking at that – at the moment 22 other states are looking at it, and we’re urging the other 28 states to look at it. There was a bank in Amsterdam but I think went on for 300 years with no problem. We know how to do banking, it should be like infrastructure to support the economy, it shouldn’t be for the benefit of elites that think they are above the law as we currently have. If you look at the Bank for International Settlements (BIS), that institution was established when the war reparations were being exacted from Germany after the World War I. That when it was started in 1930 and I believe its 60 central banks, that are members of the BIS, those are the corporates, those are the ones that really needs to go out of business.

SS: You first blew the whistle over corruption in the World Bank. Tell us more about your revelations?

KH: Well, that’s actually what happened. I was working in the Philippines and there was a bank. This was at the end of the East Asia financial crisis in the end of the 1990s. The second largest bank in the Philippines, the Philippine National Bank, there was a loan to strenghten the banking sector and what happened was a man who own Philippine airlines, Lucio Tan, ended up buying more than 10% of the shares of the Philippine National Bank without informing the security authorities in the Philippines, that was against the law. And then I told the person who was in charge of the World Bank Lending Programme they should tell the government of the Philippines that the conditions of the loan were not going to be met. And instead I was reassigned and I didn’t accept that, so I went to the meeting where it was decided whether or not to disperse the loan and I said that the board was not being informed that the conditions were not met. And then what happened was the loan wasn’t dispersed but the people who had their money on deposit in that bank withdrew their money and the Philippine Deposit Insurance Corp. had to withdraw, had to back up the bank, for five hundred million dollars, and then we didn’t disperse our loan for two hundred million and the Japanese didn’t disperse their loan for two hundred million. So, that was nine hundred million dollars worth of a pure loan performance and when the evaluation department in the world bank said that the World Bank had performed satisfactorily, I corrected that report and my correction was never given to the board. That was a cover-up. You can’t have a cover-up in a bank – that shows that money is going the wrong way. I’ve been working together with other whistleblowers at the World Bank because we know that the board has to be informed about what’s actually going on. Other whistleblowers have reported double accounting, we reported this to the UK Parliament, I reported it to the European Parliament in 2011 and the European Parliament wrote the letter to the World Bank. I had a very detailed chronology, and the World Bank never responded. Then I’ve been reporting this to the US Congress and when the US Congress was asked to give a capital increase to the World Bank, they had asked for a government accountability office audit which never took place. I was reporting this to the International Organisation of Supreme Audit institutions and then I asked the board to require KPMG to do an auditof the World Bank Internal Controls. KPMG did not follow the auditing standards, I reported this to the public company accounting oversight board, I reported this to the ICC. But since the ICC couldn’t be bothered to sort out the insider trading for the Federal Reserve System, they certainly weren’t going to straighten out the bonds in the World Bank. So I borrowed world bank bond and I sued under the securities laws, and I also went to each and every Attorney-General in the States, and I told the States that they were responsible for making sure that there was accurate financial information going to the bond holders in their States, and I also went to the International Organisation of the Securities Commissioners. So, the World Bank has got to be brought into compliance and there has to be transparency in the capital markets, and the insider training of the Federal Reserve System is going to be history in short order.

SS: Do you feel safe after all these leaks, I mean you were fired?

KH: You know I have been working with some very wonderful whistleblowers; in particular, I’d like to mention Mark Novitsky who has been reporting about insider trading and inaccurate financial reporting for Teletech, which is a company that had been spying on American citizens. So, when whistleblowers work together, and compare notes and share information you get a very accurate picture. In addition, I’d like to mention Larry Harrison, who has been my PR guy. So when you have people who you’re working with it’s not so easy to shut the whistleblowers down, we just gain in strength. We ‘re going from strength to strength.

SS: Do you feel like you are being heard? Is anything changing?

KH: Well, that’s what I like to ask your audience.

SS: Do you feel like anything changing in the system by whistleblowing on it?

KH: Yes, I absolutely do. I think the number of people they are hearing my message and that are looking into this information, and everyday they are sending me e-mails. They are going out and they are getting their neighbours to find out what’s really going on. I don’t think this mainstream media is going to have too big of an audience at the rate we’re going.

SS: There are liberty movements that are actually picking up now, the likes of Bitcoin, for example. Can they ever grow into a solid rival to the conventional system?

KH: I think they’re going to be a force to be reckoned with, yes. It’s a matter of fact. There are other similar kinds of payment systems that are now gaining currency. Yes, I think we’re going to have a world where there’s a lot of choice and the legal tender is not going to be used to put people into debt and to imprison them.

SS: Are you using a Bitcoin as of now?

KH: That’s a good question. I’m trying to learn how. There is a conference that is taking place and I’m going to try to get myself sorted out on that.

SS: Karen, thank you very much for your time. That’s all for today. Our guest was a former insider at the World Bank, ex-senior counsel Karen Hudes. Thanks for watching and we will see next time here in SophieCo.

GoldSeek Live Webinar – Sept 9, 2013 [Dr Jim Willie & Rudi Fronk]


Hello to Everyone including all the new Friends and Subscribers,

Every time someone new follows my blog I get inspired…  Look at these interesting times we are in right now folks! I feel like now is the time for me to stand in my Integrity! I have a Vision! I have a vision that I am creating Integrity, Authenticity, Honor and Freedom for myself and everyone!  Will you stand for your life?  or will you live as a debt slave with debt based money paying interest to who?
I stand for public Banking and I stand for asset based money, whether that’s Gold, Silver, Bitcoin or Real Estate. I will continue to stand for integrity in commerce and human equality and dignity. Who will stand with me!
Enjoy my sincere and honest friend Jim Willie (~27 min), I really appreciate his amazing ability to communicate  complex Geo-political and fundamental Financial operations of the USFed and member World Central Banks.  Congratulations to Goldseek.com and their crew for creating this event.

Ed Reidhead

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