The Mad Science of the National Debt – by Matt Taibbi


Hello everyone!

Here is the amazing financial reporter of Rolling Stone magazine, Matt Taibbi! Matt has an amazing ability to penetrate the unclear and shadowy topic of Federal Reserve Bank Operations.
Ed

2012: What's the 'real' truth?

Rolling Stone columnist Matt Taibbi. (photo: Current TV)
Rolling Stone columnist Matt Taibbi. (photo: Current TV)

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Source: Reader Supported News

By Matt Taibbi, Rolling Stone

23 May 13

elcome back to the dumb season. It’s debt-ceiling time again.

We’ve been at this two years now. It was back in 2011 when the Republican Party, seized by anti-government furor, first locked on the lifting of the federal debt ceiling – an utterly routine governmental mechanism that allows the Treasury to borrow to pay for spending already approved by the entire Congress, Republicans included – as a place to hold a showdown over … government spending. That first battle resulted in a “Mutually Assured Destruction”-type stalemate, in which both parties agreed that if they couldn’t reach a deal by New Year’s Day 2013, a series of brutal, automatic, across-the-board spending cuts would take effect. At the time, it seemed unthinkable Congress would let that happen. By the time we passed…

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Senator Elizabeth Warren- on The Last Word with Lawrence O’Donnell, disccess the Bank on Students Loan Fairness Act.


Senator Warren talks about her new legislation; The Student Loan Fairness Act…
Ed

2012: What's the 'real' truth?

I believe this is one special lady, and I’m following her work carefully! She’s got the cabal figured, and I believe she could well be our first woman President. . . ~J

Published on May 9, 2013

Sen. Elizabeth Warren on MSNBC’s The Last Word with Lawrence O’Donnell on May 8, 2013, discussing the Bank on Students Loan Fairness Act.

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World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies”


World Bank Whistle-blower: “Precious Metals To Serve As An Underpinning For Paper Currencies”

Enjoy this article from the Silver Doctors…  and congratulations to Karen Hudes for demonstrating courage and integrity…

Ed

Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower.

I had the opportunity yesterday to speak with one of the western world’s most courageous and astute women, Karen Hudes, Former Senior Counsel to the World Bank—now turned whistle-blower.
It was a powerful conversation, as Karen spent 20 years with the World Bank as an attorney and economist, before being “let-go” after reporting internal fraud and corruption.
During the interview Karen indicated that the world is rapidly changing, with western power structures breaking down, economic & political influence gravitating to BRICs nations, all amid a pending currency transition which will highly favor precious metals.   Hudes stated: All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, as we’ll have both systems at the same time.”

From Tekoa Da Silva:

Starting out by discussing the shocking centralized power she witnessed while working at the World Bank, Karen explained that, “A study done by three [Swiss] systems analysts who used mathematical modeling [shows] how the [world’s] 43,000 transnational corporations were being controlled through interlocking corporate directorates. There’s a group of 147 companies, most of them are financial institutions, and what they’ve done, is through the interlocking directorates, they control 40% of the net worth of these [43k] companies, and 60% of their earnings…so that group has been using the presidency of the World Bank as kind of a puppet to dominate the world—that’s [now] finished.”

A major shock to that centralized power base, according to Karen, was the recent move by BRICs nations leaders to bypass the World Bank for their financing needs, by establishing their own development bank. “As the BRICs [nations] economic power grows,” she explained, “they’re not going to be strangled anymore through the grabbing [of] their resources…So their decision to start their own development bank was their way of letting [world] governments know…that its time to end this corruption.” 

Major moves toward monetary independence are also being made by growing numbers of U.S. states, Karen added. She explained that, “The states are starting to have legislation recognizing gold and silver bullion as legal currency. This is [also] a very strong signal the states are sending to the federal government, that the time to get serious about ending the corruption in the financial system is now here.”

When asked her thoughts on what this all means for the world monetary system, Karen said, “What’s going to happen, is we’re going to have all the countries of the world, sit down and figure out what’s going to be the best, most orderly transition from the current system that we have, [which has] profound imbalance and unsustainable deficits…[this change] is going to happen as each country makes its preference known, because the system we have now is not transparent, and the biggest change [in the new system], is that there’s going to be transparency.”

That transparency may be found through a gold-backed currency system, Karen noted, as,All of the countries of the world are going to allow precious metals to serve as currency, and this will be an underpinning for paper currency, [as] we’ll have both systems at the same time. This is my guess, as I mentioned—I am an economist.”

As a final comment speaking towards her difficult journey as a World Bank whistle-blower, Karen said, “I’ve been struggling now for years, to tell the American public what’s [been] going on. I haven’t gotten through, because this [financial] group has bought up the press and has been spreading disinformation systematically. That undermines the whole point of a democracy. How can voters vote without an informed opinion, without the information that they’re entitled too? So this strangle-hold on information is going to end in very short order.”
——

This was a powerful interview conducted with a great American patriot and honorable world citizen. Karen is setting an example for the history books, and her interview is required listening for global thinkers and market students.

To listen to the interview, left click the following link and/or right click and “save target as” or “save link as” to to your desktop:

>>Interview with Karen Hudes (MP3)

To learn more about Karen and support her work, visit: Kahudes.net

11 Reasons Why The Federal Reserve Should Be Abolished


11 Reasons Why The Federal Reserve Should Be Abolished

Hello,

Here are some facts about the Federal Reserve Banking System you may not know.  Enjoy this article.

Ed

 

Submitted by Michael Snyder of The Economic Collapse blog,

If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.

The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years.

The Fed creates our “booms” and our “busts”, and they have done an absolutely miserable job of managing our economy.  But why do we need a bunch of unelected private bankers to manage our economy and print our money for us in the first place?  Wouldn’t our economy function much more efficiently if we allowed the free market to set interest rates?

And according to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.  So why is the Federal Reserve doing it?  Sadly, this is the way it works all over the globe today.  In fact, all 187 nations that belong to the IMF have a central bank.  But the truth is that there are much better alternatives.  We just need to get people educated.

The following are 11 reasons why the Federal Reserve should be abolished…

read more here…

Paying interest on a loan that never existed?


http://worldfreemansociety.org/paying-interest-on-a-loan-that-never-existed/

Hi,

Here is a gem of an article I found on understanding banking and loans and money better.  Download the Dealing with Bankers PDF, and get started with taking a stand for your survival as a human being.  If you know of any great resources dealing in these issues please post the link in the comments section or email me and I will post them for Everyone.

Ed

New York Getting Ready to Prosecute Banks for Violations of Settlement


Good afternoon Family and Friends!
I get to share this excellent article from Livinglie’s Weblog on the law suit being filed by New York State Attorney General Eric Schneiderman. This site is an excellent source of information, with a reported over 8,200,000 visitors served. Take a look around and I’m sure you will learn something.
Enjoy,
Ed

Livinglies's Weblog

At the end of the day everyone knows everything. If you start with the premise that the securitization of debt was a farce and that the necessary element of the false securitization of mortgage loans was the foreclosure of those loans, then you move one step closer to understanding the mortgage and foreclosure mess and a giant step forward to understanding and implementing a solution. All the actions, statements and myths promulgated by the Wall Street banks become clear, including their violation of every consent decree,order and settlement they ever made with respect to mortgage loans.
Attorney General Schneiderman of New York seems to understand this and he is taking the mega banks to task for violating a settlement that looks like pennies on the dollar. He doesn’t care why they violated the $26 Billion settlement but he is taking action for their consistent violation of the settlement. But I…

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New York to Sue Wells Fargo and Bank of America Over Settlement Violations


Hello everyone!
I will be looking deeply into banking, mortgages, systemic fraud and foreclosure. I’m very interested in the systematic fraud practiced by Banks in their mortgage divisions. Let’s see what’s going on with these lenders and are they operating with integrity…
Ed

2012: What's the 'real' truth?

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Source: Reader Supported News

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By Jessica Silver-Greenberg, The New York Times

06 May 13

ew York’s top prosecutor plans to sue Bank of America and Wells Fargo over claims that they violated terms of a $26 billion mortgage settlement, his office said on Monday.

Eric T. Schneiderman, New York’s attorney general, paved the way for a lawsuit against both banks over what he said was “repeatedly violating” the terms of the National Mortgage Settlement, a sweeping pact brokered last year between five of the nation’s biggest banks and 49 state attorneys general over foreclosure abuses.

The move by Mr. Schneiderman is the first time that an attorney general has readied a lawsuit against one of the five participating banks for running afoul of the settlement. More attorneys general could follow Mr. Schneiderman’s lead.

Under the terms of the settlement, which was aimed at halting the housing market’s downward slide and…

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