CRUMMY CLOWARD-PIVEN STRATEGY UP AND RUNNING!

581235_516790938368247_1737966617_n

SPEND, OVERLOAD, DESTROY!

1094987_390728491027220_309963026_n

EVERY ANGLE THEY CAN THEY ARE DESTROYING AMERICA…

John Gaultier

Food Stamps, Unending Welfare, and now Disability.

( Yes there are legitimate reasons a person must go on disability… but look at the graph..it is impossible that all of a sudden.. Americans all ate the same food.. or crashed in the same car … or worked at the same Factory and had the same accident…. or WHAT ??? This is not statistically possible except and unless it was a planned scam! )
ITS AN OBAMA CABAL SCAM TO OVERLOAD THE SYSTEM AND GET A WHOLE BUNCH OF VOTERS WHO WILL VOTE FOR HIM AS LONG AS HE ASSURES THEM NEVER ENDING BOGUS DISABILITY.. HE HAS ALREADY DONE IT FOR WELFARE.. AND FOR FOOD STAMPS)>>>>Fraud And Disability Equal A Multibillion Dollar Black Hole For Taxpayers<<<<<<<<
A parasite has insidiously invaded the body of America. It has fed and grown large on nutrients from government handouts and now is enervating its host, our capitalist system.Since our president entered the White House in January 2009 through September of this year 5.9 million people have been added to the SSDI or Social Security Disability program. That compares with less than 2.5 million jobs created during the same period. According to Social Security Administration data, currently including spouses and children, SSDI rolls have swollen to a bloated 10.9 million. A record one in fourteen workers is now on the SSDI dole. It’s like checking in a hotel and never leaving. Of the 653,877 souls that departed the program in 2011, 36% departed by being gracious enough to die, while 52% reached retirement age and seamlessly switched to other benefits. Only 6% returned to work and 3.6% exited the program due to medical improvement. According to Congressional Research Services this program cost taxpayers $128.9 billion in 2011 and was in deficit to the tune of $25.3 billion. Funded by the 1.8% payroll tax and comprising nearly 18% of all social security spending, at current pace the trust fund may be exhausted by as early as 2015.
FHA Will Cost Taxpayers $150 Billion Richard Finger Richard Finger Contributor
Facebook: What’s It Really Worth Richard Finger Richard Finger Contributor
The Patent Millionaires: Striking It Rich With High Stakes Litigation Richard Finger Richard Finger Contributor
Buffett On Taxes: Self-Interest And Cheap Virtue Richard Finger Richard Finger ContributorI pulled up http://www.ssa.gov/ (then click disability) to look for myself at the so called “Listing of Impairments” and if length is an indicator for program efficacy, then SSDI would be one of the world’s greatest government safety net plans. There is a kaleidoscope of ailments from which to choose. Under Section 12, “Mental Disorders” section of the Disability Evaluation there is, statistically, a qualifying syndrome for all of us, not just in America, but in the entire universe. This one category alone printed out to twelve full pages.Certainly each of us carries familiarity with subsection 12.04, “Affective Disorders”. It would be tiresome to redact the entire section but some examples are in order. Ever had “decreased energy”, “feelings of guilt or worthlessness”, “difficulty concentrating”, “sleep disturbance”, “anhedonia” (I had to look it up), or psychomotor agitation (I didn’t bother to look it up). If you answered yes to any one of these infirmities and it results in “difficulties maintaining social functioning”, or “marked difficulties maintaining concentration”, or “repeated episodes of decompensation” (I don’t know and don’t care), then bingo you are eligible for disability. If you don’t qualify on my above snippet, don’t despair, there are literally dozens of other possible maladies of the mind listed and most of us, if we want, can fall neatly into one or more of the mental illness baskets.Somehow, if you are classified to be of sound mental composition, perhaps an examination of your Musculoskeletal System (in Section 1) might strike gold. Basically this section is all things “back” related. From my own experience and talking to doctors, virtually every person in their thirties and older will show “bulging” disks or some other form of spinal degeneration. It is quite difficult to medically argue against back pain. Fortunately for claimants, fibromyalgia has recently been added to our list of eligible diseases under SSDI. Often if your head hurts or you have muscle aches of indeterminate origins and doctors can’t specifically diagnose any name disease, they may call it fibromyalgia. Thank goodness SSDI can fill this void, since because of its non-specificity of symptoms, health insurance companies often turn down these highly subjective claims.

The Numbers Prove The Point

The numbers substantiate a shift to these hard to (dis)prove afflictions. Over the past three decade’s awards for mental illness climbed from 16% of total claims to one third by 2010. During the same period “back pain” increased its market share from 13 to 28%. It is a system begging for abuse. A study by the NBER (National Bureau of Economic Research) found that for workers with low paying jobs, SSDI including Medicare replaced, on average, 90% of working income. (SSDI recipients get free Medicare after two years of receiving benefits.) In times of tepid job growth, like now for instance, wages are often stagnant, so if there is a choice between working at minimum wage versus doing nothing and earning almost equal amounts, sloth trumps exertion much more often than not. What are other explanations why at this juncture of a theoretically improving economy is our nation weighed down by such a bloated system? Well secondly, the qualification standards have been severely watered down. As evidenced by above statistics “back pain” is questioned much less today. It is not difficult to claim otherwise when a person says they are depressed. Also, more attention is paid to the applicants claims of pain and special trust is placed in the report made by the applicants own physician. Third, once invited into the club, why leave. In 1983, 163 per 1,000 people terminated benefits. Jump ahead to 2011 and that number has collapsed to only 74 per 1,000. In a crummy job market the incentive is to stay put and live off the fat of the government. A fourth reason is that the labor participation rate, at 63.7%, is at its lowest levels in generations. This translates that of the millions who have thrown in the towel looking for employment, many have elected to enter the SSDI lottery. This leads us to the huge issue of fraud.

The Role Of Fraud

“We know there are individuals who will purposely withhold or fabricate information to collect government benefits they are not entitled to receive”. Those are the words of the Office of the Inspector General from their hearing on “combating disability waste, fraud, and abuse”. The Senate conducted their own investigation which concluded that fully one quarter of all disability insurance claims decisions were flawed, improperly addressing “insufficient, contradictory, and incomplete evidence, thus increasing the chances of rewarding nondisabled persons.” The study also determined the Social Security Administration (SSA) failed to establish that claimants were properly screened to certify that they satisfied metrics in the Social Security Administration’s (SSA) medical “Listing of Impairments” to meet eligibility requirements that would qualify them for the DI program. The Inspector General’s office identified billions in fraud. The Senate study implies many billions more in abuses. Much of the ongoing program cheating comes from those who continue to collect disability payments but are stealthily employed on the side. Not surprisingly, some of the SSDI wounds are self-inflicted. The SSA loses hundreds of millions continuing to pay those who were honest and notified that they were returning to work. The agency is supposed to conduct CDR’s or Continuing Disability Reviews to check in and determine the status of the disabled. I know it surprises everyone that there is a huge backlog and SSA is severely understaffed in this area. Probably the biggest area of abuse is those who gingerly slip through the vetting net and shouldn’t be getting disability payments in the first place. The contrived complexity of the SSDI system has spawned a cottage industry of doctors and specialized legal teams to navigate the byzantine multi-tiered documentation process. While the integrity of most lawyers and doctors is beyond reproach there are a few bad apples that make their living gaming the system. Remember what your mother preached, “if at first you don’t succeed, try, try again”. This small nugget of wisdom pays off especially when applying for SSDI. Often applicants may be turned down on the first or second attempt to receive benefits. Many times it is only through a court hearing that cases get resolved. Per a study by D. Autor and M. Duggan as many as 40% of all disability awards comes through the appeals process. Some judges gain the reputation of never seeing a claim they didn’t like………never refusing anyone. They also found in one recent year the SSA paid out as much as half a billion dollars to claimants attorneys. It seems to me it is always in the best interest of the lawyer to take a case to trial; it’s a win for him/her no matter what the verdict.

1077573_198370166989659_1207195604_o

Broken System

As of August past the disability award (not including Medicare) was about $1,111 per month. So the incentive to do some menial dead end job loses appeal when the new job might or might not have health benefits…….certainly not as grand as Medicare.

The SSDI program is a microcosm of what ills the job market in America. When our president took office 40% of the population received some sort of government assistance. That number now stands at over 55%. There is an alphabet soup of welfare programs that create disincentive to seek gainful employment. Zerohedge.com published an excellent chart demonstrating when you add in all the free government goodies that a single mother with one child with gross income of $29,000 receives, that she effectively ends up with $57,327 in net income and benefits. She is better off than the mom with gross income of $69,000 who after taxes has a net income and benefits of $57,045. Some of the giveaways include SNAP Supplemental Nutrition Assistance Program formerly known as Food Stamps. If boredom sets in, look up CHIP or TANF. There is also Medicaid and the Housing Choice Voucher Program.
Have a look for yourself. http://www.zerohedge.com/news/2012-11-27/when-work-punished-tragedy-americas-welfare-state Zerohedge.com

published another chart on 11/22/12 demonstrating that a single parent family of three earning minimum wage ($14,500) per year has more disposable income than the family making $60,000 per year. The Wall Street Journal last week published some of the exchanges between Speaker Boehner and the President where the President kept repeating that he did not think the country had a spending problem. My translation is that he has no intentions of reducing any of the runaway programs that insidiously degrade our economic structure. The new tax increases on the “rich” are projected to bring $600 billion in revenues to the Treasury Department over the next decade. Deficits are projected to be $6.8 Trillion or elven times as much.

While there is certainly intransigence on both sides of the aisle, the President as chief of state needs to rise above and be a leader. If not addressed in a meaningful way, our profligacy will one day in the not too distant future destroy our country. The Federal Reserve’s rigged artificially low interest rates are the only firewall standing between us and bankruptcy. Imagine if short term rates were 5% and the 10 year treasury was sitting at 7%. Imagine servicing our $16 trillion debt at these rates. The time to act is now …

REVOLUTION OR SECEDE… THIS IS GOING TO END BADLY!!!

Normally I write a beginning and an end to the pieces I repost here but the above article says it all!

If this country does not wake up and quickly, there will be no going back because there will be nothing to go back to!

1098530_169284673258300_1186968802_n

On a related note – these statistics are appalling!

THE NEW WELFARE MAP

going down photo

b499391.jpg

Make sure you read to the bottom…

Quite an eye opener…

These 11 States now have More People on Welfare than they do Employed!
Last month, the Senate Budget Committee reports that in fiscal year 2012, between food stamps, housing support, child care, Medicaid and other benefits, the average U.S. Household below the poverty line received $168.00 a day in government support. What’s the problem with that much support? Well, the median household income in America is just over $50,000,which averages out to $137.13 a day. To put it another way, being on welfare now pays the equivalent of $30.00 an hour for a 40-hour week, while the average job pays $20.00 an hour.
Furthermore:
There are actually two messages here. The first is very
interesting, but the second is absolutely astounding – and explains a lot.

A recent “Investor’s Business Daily” article provided very
interesting statistics from a survey by the United Nations International
Health Organization.

Percentage of men and women who survived a cancer five years
after diagnosis:

U.S. 65%

England 46%

Canada 42%

Percentage of patients diagnosed with diabetes who received
treatment within six months:

U.S. 93%

England 15%

Canada 43%

Percentage of seniors needing hip replacement who received it
within six months:

U.S. 90%

England 15%

Canada 43%

Percentage referred to a medical specialist who see one within
one month:

U.S. 77%

England 40%

Canada 43%

Number of MRI scanners (a prime diagnostic tool) per million
people:

U.S. 71

England 14

Canada 18

Percentage of seniors (65+), with low income, who say they are
in “excellent health”:

U.S. 12%

England 2%

Canada 6%

And now for the last statistic:

National Health Insurance?

U.S. NO

England YES

Canada YES

Check this last set of statistics!!

The percentage of each past president’s cabinet who had worked in the private business sector prior to their appointment to the cabinet.
You know what the private business sector is; a real-life business, not a government job. Here are the percentages.
T. Roosevelt……………….. 38%

Taft………………………….. 40%

Wilson ……………………… 52%

Harding……………………… 49%

Coolidge……………………. 48%

Hoover………………………. 42%

F. Roosevelt………………… 50%

Truman……………………… 50%

Eisenhower……………. …. 57%

Kennedy……………………. 30%

Johnson…………………….. 47%

Nixon………………………… 53%

Ford………………………….. 42%

Carter……………………….. 32%

Reagan………………………. 56%

GH Bush…………………….. 51%

Clinton …………………….. 39%

GW Bush…………………… 55%

Obama……………………….. 8%

This helps to explain the incompetence of this administration:
only 8% of them have ever worked in private business!

That’s right! Only eight percent—the least, by far, of the
last 19 presidents! And these people are trying to tell our big
corporations how to run their business?

How can the president of a major nation and society, the one
with the most successful economic system in world history, stand and talk
about business when he’s never worked for one? Or about jobs when he has
never really had one? And when it’s the same for 92% of his senior staff
and closest advisers? They’ve spent most of their time in academia,
government and/or non-profit jobs or as “community organizers.”
They should have been in an employment line.

“The problem with socialism is that you eventually run out of other people’s money.”

― Margaret Thatcher

198468

No nation can survive once it becomes inverted and has more people on welfare than are working, 

and we are at the tipping point – if not already past it!

This doesn’t help either, that more than 90% of the jobs being created are either government or part time work, and that is not going to change, but will continue to get worse, unless the Affordable Health Care Act (Obummercare) gets defunded, defeated and dissolved!!!

1011417_574530552585185_219961774_n

“Molon Labe!”

CRUMMY $ COLLAPSE COMING!

TAKE HEED AND PREPARE!

THE FISCAL TRAIN IS APPROACHING THE CLIFF!

obama-debt-train

http://www.wnd.com/2013/07/the-dollar-collapse-not-whether-but-when/#d8QvylIpuMOphfiv.99

THE DOLLAR COLLAPSE: NOT WHETHER, BUT WHEN

Exclusive: Lord Monckton explains what’ll happen when the crunch finally comes

Published: 7-30-2013

cmonckton_avatar  LORD MONCKTON

Christopher Monckton of Brenchley, high priest of climate skepticism, advised Prime Minister Margaret Thatcher, wrote leaders for the Yorkshire Post, was editor of the Catholic paper The Universe, managing editor of the Telegraph Sunday Magazine, assistant editor of Today, and consulting editor of the Evening Standard. He invented the million-selling “Eternity Puzzles,” “Sudoku X” and a promising treatment for infections. See the Science & Public Policy Institute.

monckton_logob

I make no apology for repeating my warning that, thanks to the dismal Obama administration, Uncle Sam is bankrupt. Serious financial commentators are now predicting riots in the streets and even, perhaps, outright economic collapse.

The U.S. dollar, the world’s reserve currency for almost half a century, is its reserve currency no more. Each dollar bill the administration prints is just as much a forgery as that bogus Hawaiian birth certificate.

Every two months, the administration prints or borrows more money than the combined annual profits of the 100 biggest publicly traded companies in America.

Every second, the U.S. government spends $64,000 it doesn’t have. The $64,000 Question is not whether but when the collapse will come. The crash of 2008 was a walk in the park. This is the big one. And the frankly communist outlook of the current administration means it is temperamentally disinclined to take any of the steps that are now essential to save America.

Trouble is, the GOP have little or nothing to say about this. For 10 successive suspicious weeks, U.S. federal debt has remained at just under $17 trillion, just under the debt ceiling set by your elected representatives in Congress.

Yeah, right. Dream on. The Treasury is fiddling the books. Fraudulently. According to my calculations, federal debt has risen not by zero but by $400 billion in those 70 days.

Here is just one of the ways the Treasury can get away with making $400 billion vanish. Under an act intended to allow officials to mint commemorative coins (not exactly a legitimate function of the Treasury), the Secretary Jack Lew can issue platinum coins of any denomination he wants.

To keep the debt apparently below the congressional limit even though it is rising at $40 billion a week, all he has to do is mint a half-ounce coin with a face value of $2 trillion and deposit it with the Fed.

Bingo! Not just 70 days’ squandering but a whole year’s socialist profligacy fully “paid for,” just like that. And Congress none the wiser.

I don’t know whether this is how Lew is cooking the books. I don’t know how he’s cooking them. But I do know that he’s cooking them. You don’t need to have a Ph.D. in macroeconomics to work that one out.

I am angry – and I’m not even a U.S. citizen. Every red-blooded American should be furious when in-your-face corruption as outrageous as this prevails at the highest level in the institution whose job is to account for your money honestly.

Today the U.S. has more government debt than any country in the history of the world. More debt than every country in the European Union – combined.

To minimize the interest on all that debt, the Fed has lowered its benchmark interest rate 10 times since August 2007, from 5.25 percent to somewhere between 0 and 0.25 percent. But it can’t go on doing that, because worldwide no one believes in the dollar. So interest rates are going to have to go up.

Porter Stansberry, an investment expert based in Baltimore, explains what will happen then: “What if the average real interest rate ends up being just 4 percent and we pay it off over 30 years, like a mortgage? We’ll spend $34.3 trillion just to repay what we owe right now. If the rate ends up being 6 percent, we’ll spend $43.1 trillion.”

The crunch will come when Uncle Sam’s creditors either completely stop accepting dollars in repayment or greatly discount the value of these new dollars.

The New York Post puts it this way: “The U.S. dollar is getting perilously close to losing its status as the world’s reserve currency. Should it cross the line, the 2008 financial crisis could look like a summer storm.” The Financial Times and the Wall Street Journal have said the same.

Sam Zell, America’s 60th richest man, says this: “My single biggest financial concern is the loss of the dollar as the reserve currency. I can’t imagine anything more disastrous to our country. I’m hoping against hope that it ain’t gonna happen, but you’re already seeing things in the markets that are suggesting that confidence in the dollar is waning. I think you could see a 25 percent reduction in the standard of living in this country if the U.S. dollar was no longer the world’s reserve currency. That’s how valuable it is.”

The Chinese, via the official Xinhua news agency, have said: “International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert catastrophe caused by any single country.”

James Rickards, the author of “Currency Wars,” says this: “If the currency collapses, everything else goes with it: Stocks, bonds, commodities, derivatives and other investments are all priced in a nation’s currency. If you destroy the currency, you destroy all markets – and the nation.”

You heard it here first.

Receive Lord Christopher Monckton’s commentaries in your email

BONUS: By signing up for Lord Christopher Monckton’s alerts, you will also be signed up for news and special offers from WND via email.

  • Name*FirstLast
  • Email*
    Where we will email your daily updates
  • Postal code*
    A valid zip code or postal code is required
  • Click the button below to sign up for Lord Christopher Monckton’s commentaries by email, and keep up to date with special offers from WND. You may change your email preferences at any time.

Read more at http://www.wnd.com/2013/07/the-dollar-collapse-not-whether-but-when/#AjPjVyPfte1RuJYK.99

We The People Need To Stop The Train –

Before It TOTALLY Wrecks Our Country And Our Lives!

424816_4932875727977_1581409282_n

THESE ARE THE CRUMBS THAT RUINED US FINANCIALLY!

Two of the Best Explanations of the Federal Reserve System

(which is neither Federal nor reserved)

THAT I HAVE EVER READ!!!

The Federal Reserve is how the elites will be able to rule us and make us part of their new world order! The schematic below explains how all the political and financial machinations  work and have worked for the past 100 years!

They will continue to work until we the people say enough!

hegalian-dialectic

The article, which is from the book, “The Beginning of The End”, was published in 2010, so the debt figures are grossly out if date, but you should know by now, that we are almost $17 TRILLION DOLLARS in debt and if the 2009 figures made the debt unpayable, you may as well forget about ever paying off the debt that exists now! Read these two explanations to understand what the yokes are that bind us down and the only way we will ever be able to become debt free is to close down the Federal Reserve, tear up our debt to them, which they caused, and give the money making power back to Congress, the way it was set up in the Constitution!

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

 By Michael Snyder, on February 4th, 2010

 http://theeconomiccollapseblog.com/archives/it-is-now-mathematically-impossible-to-pay-off-the-u-s-national-debt

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.

And the U.S. government would still be massively in debt.

So why doesn’t the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?

Well, for one very simple reason.

That is not the way our system works.

You see, for more dollars to enter the system, the U.S. government has to go into more debt.

The U.S. government does not issue U.S. currency – the Federal Reserve does.

The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.

If you will pull a dollar bill out and take a look at it, you will notice that it says “Federal Reserve Note” at the top.

It belongs to the Federal Reserve.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

So that is how the U.S. government gets more green pieces of paper called “U.S. dollars” to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.

So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.

Are you starting to get the picture?

As you read this, the U.S. national debt is approximately 12 trillion dollars, although it is going up so rapidly that it is really hard to pin down an exact figure.

So how much money actually exists in the United States today?

Well, there are several ways to measure this.

The “M0” money supply is the total of all physical bills and currency, plus the money on hand in bank vaults and all of the deposits those banks have at reserve banks.  As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars.

The “M1” money supply includes all of the currency in the “M0” money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers’ checks.  According to the Federal Reserve, this totaled approximately 1.7 trillion dollars in December 2009, but not all of this money actually “exists” as we will see in a moment.

The “M2” money supply includes everything in the “M1” money supply plus most other savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000).  According to the Federal Reserve, this totaled approximately 8.5 trillion dollars in December 2009, but once again, not all of this money actually “exists” as we will see in a moment.

The “M3” money supply includes everything in the “M2” money supply plus all other CDs (large time deposits and institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements.  The Federal Reserve does not keep track of M3 anymore, but according to ShadowStats.com it is currently somewhere in the neighborhood of 14 trillion dollars.  But again, not all of this “money” actually “exists” either.

So why doesn’t it exist?

It is because our financial system is based on something called fractional reserve banking.

When you go over to your local bank and deposit $100, they do not keep your $100 in the bank.  Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else.  Then, if that person deposits the money that was just borrowed at the same bank, that bank can loan out most of that money once again.  In this way, the amount of “money” quickly gets multiplied.  But in reality, only $100 actually exists.  The system works because we do not all run down to the bank and demand all of our money at the same time.

According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way….

If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money($100+$90+81+$72.90+…=$1,000).”

So much of the “money” out there today is basically made up out of thin air.

In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts.  Primarily, reserve requirements apply only to “transactions deposits” – essentially checking accounts.

The truth is that banks are freer today to dramatically “multiply” the amounts deposited with them than ever before.  But all of this “multiplied” money is only on paper – it doesn’t actually exist.

The point is that the broadest measures of the money supply (M2 and M3) vastly overstate how much “real money” actually exists in the system.

So if the U.S. government went out today and demanded every single dollar from all banks, businesses and individuals in the United States it would not be able to collect 14 trillion dollars (M3) or even 8.5 trillion dollars (M2) because those amounts are based on fractional reserve banking.

So the bottom line is this….

#1) If all money owned by all American banks, businesses and individuals was gathered up today and sent to the U.S. government, there would not be enough to pay off the U.S. national debt.

#2) The only way to create more money is to go into even more debt which makes the problem even worse.

You see, this is what the whole Federal Reserve System was designed to do.  It was designed to slowly drain the massive wealth of the American people and transfer it to the elite international bankers.

It is a game that is designed so that the U.S. government cannot win.  As soon as they create more money by borrowing it, the U.S. government owes more than what was created because of interest.

If you owe more money than ever was created you can never pay it back.

That means perpetual debt for as long as the system exists.

It is a system designed to force the U.S. government into ever-increasing amounts of debt because there is no escape.

We could solve this problem by shutting down the Federal Reserve and restoring the power to issue U.S. currency to the U.S. Congress (which is what the U.S. Constitution calls for).  But the politicians in Washington D.C. are not about to do that.

So unless you are willing to fundamentally change the current system, you might as well quit complaining about the U.S. national debt because it is now mathematically impossible to pay it off.

***UPDATE***

It has been suggested that the same dollar can be used to pay off debt over and over – this is theoretically true as long as the dollar remains in the system.

For example, if the U.S. government gives China a dollar to pay off a debt, there is a good chance that the U.S. government will be able to acquire that dollar again and use it to pay off another debt.

However, this is not true when debt is retired with the Federal Reserve.  In that case, money is actually removed from the system.  In fact, because of the “money multiplier”, when debt is retired with the Federal Reserve it can remove ten times that amount of money (and actually more, but let’s not get too technical) from the system.

You see, fractional reserve banking works both ways.  When $100 is introduced into the system, it can theoretically create $1000 as the example in the article above demonstrates.  However, when that $100 is removed, it can have the opposite impact.

And considering the fact that the Federal Reserve “purchased” the vast majority of new U.S. government debt last year, we have got a real mess on our hands.

Even if a way could be figured out how to pay off all the debt we owe to foreign nations (such as China, Japan, etc.) it would still be mathematically impossible to pay off the debt that we owe to the Federal Reserve which is exploding so fast that it is hard to even keep track of.

Of course we could repudiate that debt and shut down the Federal Reserve, but very few in Washington D.C. have any interest in doing that.

It has also been suggested that instead of just using dollars to pay off the U.S. national debt, we could use the assets of the U.S. government to pay it off.

That is rather extreme, but let us consider that for a moment.

That total value of all physical assets in the United States, both publicly and privately owned, is somewhere in the neighborhood of 45 to 50 trillion dollars.  Of course the idea of the U.S. government “owning” every single asset of the American people is repugnant to our entire way of life, but let’s assume that for a moment.

According to the 2008 Financial Report of the United States Government, which is an official United States government report, the total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars.  This amount is more than the entire GDP of the whole world.

In fact, there are other authors who have written that the actual figure for the future liabilities of the U.S. government should be much higher, but let’s be conservative and go with 65 trillion for now.

So, if the U.S. government took control of all physical assets in the United States and sold them off, it could not even make enough money to pay for everything that the U.S. government is already on the hook for.

Ouch.

If you have not read the 2008 Financial Report of the United States Government, you really should.  Actually the 2009 report should be available very soon if it isn’t already.  If anyone knows if it is available, please let us know.

The truth is that the U.S. government is in much bigger financial trouble than we have been led to believe.

For example, according to the report (which remember is an official U.S. government report) the real U.S. budget deficit for 2008 was not 455 billion dollars.  It was actually 5.1 trillion dollars.

So why the difference?

The CBO’s 455 billion figure is based on cash accounting, while the 5.1 trillion figure in the 2008 Financial Report of the United States Government is based on GAAP accounting. GAAP accounting is what is used by all the major firms on Wall Street and it is regarded as a much more accurate reflection of financial reality.

So needless to say, the United States is in a financial mess of unprecedented magnitude.

So what should we do?  Does anyone have any suggestions?

***UPDATE 2***

We have received a lot of great comments on this article.  Trying to understand the U.S. financial system (even after studying it for years) can be very difficult at times.  In fact, it can almost seem like playing 3 dimensional chess.

Several readers have correctly pointed out that when the U.S. money supply is expanded by the Federal Reserve, the interest that is to be paid on that new debt is not created.

So where does the money to pay that interest come from?  Well, eventually the money supply has to be expanded some more.  But that creates even more debt.

That brings us to the next point.

Several readers have insisted that the Federal Reserve is not privately owned and that since it returns “most” of the profits it makes to the U.S. government that we should not be concerned about the debt owed to it.

The truth is that what you have with the Federal Reserve is layers of ownership.  The following was originally posted on the Federal Reserve’s website….

“The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations – possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.”

So Federal Reserve “stock” is owned by member banks.  So who owns the member banks?  Well, when you sift through additional layers of ownership, you will ultimately find that people like the Rothschilds, the Rockefellers and the Queen of England have very large ownership interests in the big banks.  But there are so many layers of ownership that they are able to disguise themselves well.

You see, these people are not stupid.  They did not become the richest people in the world by being morons.  It was the banking elite of the world who designed the Federal Reserve and it is the banking elite of the world who benefit the most from the Federal Reserve today.  In the article above when we described the Federal Reserve as “a private bank owned and operated for profit by a very powerful group of elite international bankers” we may have been oversimplifying things a bit, but it is the essence of what is going on.

In an excellent article that she did on the Federal Reserve, Ellen Brown described a number of the ways that the Federal Reserve makes money for those who own it….

The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered “for profit” corporations.

In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their “reserves.” The basic reserve requirement set by the Federal Reserve is 10%. The website of the Federal Reserve Bank of New York explains that as money is redeposited and relent throughout the banking system, this 10% held in “reserve” can be fanned into ten times that sum in loans; that is, $10,000 in reserves becomes $100,000 in loans. Federal Reserve Statistical Release H.8 puts the total “loans and leases in bank credit” as of September 24, 2008 at $7,049 billion. Ten percent of that is $700 billion. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually – this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans.

The banks earn these returns from the taxpayers for the privilege of having the banks’ interests protected by an all-powerful independent private central bank, even when those interests may be opposed to the taxpayers’ — for example, when the banks use their special status as private money creators to fund speculative derivative schemes that threaten to collapse the U.S. economy. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. A long list of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks.

The reality is that there are a lot of ways that the Federal Reserve is a money-making tool.  Yes, they do return “some” of their profits to the U.S. government each year.  But the Federal Reserve is NOT a government agency and it DOES make profits.

So just how much money is made over there?  The truth is that we have to rely on what the Federal Reserve tells us, because they have never been subjected to a comprehensive audit by the U.S. government.

Ever.

Right now there is legislation going through Congress that would change that, and the Federal Reserve is fighting it tooth and nail.  They are warning that such an audit could cause a financial disaster.

What are they so afraid of?

Are they afraid that we might get to peek inside and see what they have been up to all these years?

If you are a history buff, then you probably know that debates about a “central bank” go all the way back to the Founding Fathers.

The European banking elite have always been determined to control our currency, and that is exactly what is happening today.

Ever since the Federal Reserve was created, there have been members of the U.S. Congress that have been trying to warn the American people about the insidious nature of this institution.

Just check out what the Honorable Louis McFadden, Chairman of the House Banking and Currency Committee had to say all the way back in the 1930s….

“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”

The Federal Reserve is not the solution and it never has been.

The Federal Reserve is the problem.

Any thoughts?

Be Sociable, Share!
books & tape

The time is near when we will have to take a stand or

forever more live as slaves to financial & political tyranny! 

1001138_149226291938245_108553837_n

CRUMMY LOOK BACK AT WATEREGATE AND EARLIER!

There is a history and time lines in the early posts of this blog which address some of these issues but this piece puts it all together & wraps it up with a dose of reality by comparing it to what is happening currently!

The present administration is the most corrupt administration this country has ever had! Ever! No exceptions or exclusions! They are crime, incorporated and they want to destroy our Constitutional liberties by invalidating our Founding Documents and relegating them to a historical trash heap! They are calling them “out of date and irrelevant”! Congressional officials, among others, are stating that they can pick and choose which ones to uphold and which ones to curtail! 

WE HAVE A PROBLEM – RIGHT HERE IN OUR COUNTRY –

NOT FROM WITHOUT BUT FROM WITHIN!

http://personalliberty.com/2013/05/17/flashback-watergate-nazis-nixon-rockefeller/

Flashback: Watergate, Nazis, Nixon, Rockefeller

May 17, 2013 by Jon Rappoport

25th anniversary of Nixon resignation

President Richard Nixon resigned on Aug. 8, 1974.

Watergate eventually became the story of two young rookie reporters who exposed and took down a President.

Try to think of another major story in your lifetime wherein the reporters themselves took center stage and, in the process, nearly eclipsed their own work.

One of them, Bob Woodward, expanded his fame. The powers that be permitted him to go on and, with extraordinary access, write books criticizing future Presidents. Woodward became the in-house attack dog. Mr. Limited Hangout.

The other reporter, Carl Bernstein, faded into relative obscurity. Well, he began connecting journalists to the CIA. That wasn’t a smart career move. That was, perhaps, a case of biting the hand that had fed him.

To learn why Richard Nixon was really blown out of the White House, you could begin with the infamous Nazi chemical/pharmaceutical cartel IG Farben, the cartel that pushed Adolf Hitler over the top into power in Germany.

One of its lasting legacies is the multinational corporation ballooning out into titanic proportions. Farben didn’t just buy smaller companies; it forged favorable agreements with huge corporations all over the world: Standard Oil (Rockefeller), Rhone-Poulenc, Imperial Chemical Industries, DuPont, Dow.

During World War II, Josiah Du Bois, representing the U.S. Federal government, was sent on a fact-finding mission to Guatemala. His comment: “As far as I can tell, the country is a wholly owned subsidiary of Farben.”

What Farben stood for was an attempt to remake the planet in terms of power.

Farben held important cards. It employed brilliant chemists who, in some ways, were far ahead of its competitors. Farben was all about synthetics: rubber, oil, dyes, pharmaceuticals.

Farben saw itself as a modern version of the old alchemists, transforming one substance into another. It came to believe that, with enough time, it would be able to make anything from anything. It envisioned labs in which basic chemical facts would be changed so that, in practice, elements and compounds would be virtually interchangeable.

This was in line with the Nazi obsession to discover the lost secrets of the mythical Aryan race and then reconstitute it with selective breeding, genetic engineering and, of course, the mass murder of “lesser peoples.”

On one level was the idea of chemical transformations, and on another level was the transformation of the human species.

It was really all one piece. The Nazi ideology was the glue.

It was the picture of scientism, the philosophy that asserts science should absolutely rule all facets of life. Nazi Germany showed the world what that philosophy looks like in practice. Farben had prisoners shipped from Auschwitz to its nearby facility, where horrendous medical/pharmaceutical experiments were carried out on them.

At the end of World War II, the Farben executives were put on trial and, despite the efforts of Telford Taylor, the chief U.S. prosecutor, the sentences handed out were light.

There was a reason for this. A new world was coming into being, and mega-corporations and cartels were at the heart of it. They would be the engines driving the global economy and pillaging the natural resources of the planet. It was colonialism with a different face, the East India Company running on technology and industry and a planetary reach beyond anything ever attempted.

So the Farben moguls, and those like them, were seen by many people as designers of the new “peace.”

Consider the total volume of international trade of goods today: The largest 300 corporations in the world are responsible for an unbelievable percentage of it — as high as 25 percent.

So now you see the reason why these treaties like the General Agreement on Tariffs and Trade (GATT), the North American Free Trade Agreement (NAFTA) and the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) have been launched. Mega-corporations want to roam free. They want to be able to inject money into any entity in the world and suddenly remove it at will. They certainly want to be able to ship goods from one nation to another without paying tariffs, which otherwise would cost them an extraordinary amount of money. For these corporations, nations don’t really exist anymore; they are convenient fictions. These corporations don’t want any restrictions on their plundering of the Global Village.

Farben envisioned and planned for this kind of licentious freedom. It saw itself as more than a German cartel. It was already international, and it was moving toward domination.

However, more powerful forces would overtake it — and I’m not just talking about American soldiers. In the sphere of international influence, there are the Plan A and Plan B people. The Plan A controllers (think Rockefeller dynasty, among others) opted for a “softer, gentler” approach, a more covert program whereby, over a long period of time, the world population would be brought under a global management system, in which mega-corporations would play the central role. The Plan B people, Nazis and their allied interests, wanted crushing force and violence to achieve a somewhat similar goal in a much shorter period of time — with Germany as the leading prow of the movement.

It is in the arena of pharmaceutical domination that one of Farben’s goals has endured. Two of its original components, Bayer and Hoechst, have survived and prospered. And many other drug companies have copied the basic model.

For a number of years, I’ve researched and published on this subject. Death, maiming, destruction, poisoning: These are correct assessments of the overall effects of drug-based medicine. Judging solely by these effects, one could say that war by other means has continued after 1945. And the fronts of devastation have spread.

On the mega-corporate front, the plan for world control remains the Rockefeller template: “free trade.” This plan was advanced, ceaselessly, for 40 years until, on Jan. 1, 1995, the World Trade Organization was fully formed and took charge of the criminal rules of global commerce: the crowning moment.

However, back in the early 1970s, the whole operation had almost been derailed. One man, a crook, a President, a liar, an insecure parody of a head of state, Richard Nixon, went off script. He really went off script.

In an effort to bolster U.S. companies and protect them from foreign competition inside the United States, Nixon began erecting tariffs on a range of goods imported into the United States.

If this Nixon economic plan spread to other countries, the entire global program to install “free trade” and mega-corporate emperors on their thrones for a thousand years could crash and burn.

Nixon was a Rockefeller man. He was owned by them. He’d been rescued from financial ruin by The Family, and now he was in the White House undermining their greatest dream. You can’t overstate the degree of the betrayal from the Rockefeller point of view. You simply can’t.

Something had to be done. The President had to go. This was the real motivation behind Watergate. This was the real op. Yes, there were sub-motives and smaller contexts, as in any major op, but the prime mover was: Get free trade back on track, and get suitable revenge on the puppet in the White House who went off the script.

Any historian who overlooks this is an outright fool or a deceiver.

Whether the Watergate break-in was planned to serve the higher goal or was pounced upon, after the fact, as the grand opportunity, is beside the point. It was there, and it was used. It became the starting point for the Washington Post, its publisher, veteran editor and two cub reporters to break Nixon into pieces.

And if the Rockefeller people needed an inside man to report on the deteriorating mental state of the President as he heated up in the pressure cooker, they had Henry Kissinger, who was another Rockefeller operative.

The Washington Post was owned by Katharine Graham, who was herself a very close friend of the Rockefeller family. Years later, she would be awarded a medal of honor by the University of Chicago, an institution founded by John D. Rockefeller. On her death, a paid heartfelt obituary was inserted in The New York Times by the trustees, faculty and staff of Rockefeller University, where she had served on the University Council.

And she and Nixon already hated each other by the early 1970s.

The managing editor of The Washington Post, Ben Bradlee, was an old hand at writing promotional material, having worked in Europe crafting releases for a CIA front group. A former naval intelligence man, he liked one of his cub reporters, Woodward, who had also worked for the Navy in intelligence.

When Woodward came to Bradlee with a story about a man in a parking garage who was passing secrets from the White House/FBI about Watergate, we are supposed to believe that Bradlee naturally responded by giving the green light to a major investigation. Woodward and Carl Bernstein, another cub, would undertake it — with nothing more than Bradlee’s reputation and the future survival of The Post and Graham’s empire on the line if the cubs got it wrong.

We are supposed to believe Bradlee gave the green light without knowing who the man in the garage was, without knowing whether Woodward could be trusted, without even getting permission from Graham to move ahead.

Bradlee, a grizzled veteran of Washington, understanding exactly what Washington could do to people who told secrets out of school, just said to Woodward and Bernstein, “You’d better be damned sure you’re right, because otherwise we’re all in trouble.”

Two untested cub reporters set loose in a cage with tigers.

The odds of that happening were nil. Bradlee had to know a great deal from the beginning, and he had to have Graham’s signal to move. The series of breaking stories would be spoon-fed to the unsuspecting young reporters. They would be consumed by their ambition to advance their careers. Bradlee was confident because he had the essentials of the scandal in hand — all the way up to Nixon, the target — well in advance of his two reporters.

To have proceeded otherwise, Bradlee was simply not that kind of fool. Whatever Deep Throat, the man in the garage, was dishing out to Woodward didn’t really matter. Bradlee already had it in his pocket. Deep Throat was merely a contrivance to allow the story to expand and grow by steps, and to permit Woodward and Bernstein to believe they were peeling layers from an onion.

The man behind the curtain was David Rockefeller.

After the whole scandal had been exposed and Nixon had flown away, in disgrace, from the White House for the last time, Rockefeller addressed a meeting of the Chamber of Commerce of the European Community (October 1975). He was there to allay their fears about Nixon’s betrayal of the new economic world order. There was really very little he needed to say. Rockefeller had already created (1973) the free-trade Trilateral Commission. A new puppet, Gerald Ford, was in the White House; and Ford had appointed David’s brother, Nelson Rockefeller, as his Vice President.

David told the European attendees, “Fortunately, there are no signs that these anti-[free] trade measures [of Nixon] are supported by the [Ford] Administration.”

And that was that. The global mega-corporate colossus was back on track.

The temporary rip in the Matrix had been repaired.

On a far lower level of power politics, everyone and his brother was consumed with the contrails of the scandal that had driven away Nixon and his colleagues. People were congratulating each other on the expunging of a corrupt conspiracy from public life.

The real players, of course, were still in place, more powerful than ever. David Rockefeller and his aides were preparing for an even greater coup. They had chosen an obscure man with zero name recognition to be the next President of the United States: Jimmy Carter. Carter would function to forward the goals of the Trilateral Commission in bold view of anyone who knew the score.

And every President since Carter, regardless of party affiliation, has supported and extended those globalist-corporate goals, no questions asked. Barack Obama, who fatuously remarked during his 2008 election campaign that NAFTA “needs to be revisited,” has taken his cues like any other puppet.

When, from this perspective, you examine the global takeover of land and resources by GMO agribusiness, the destruction of small family farms, the plundering of natural resources in the Third World, the use of U.N. “peacekeepers” and “humanitarian groups” and intelligence agencies to create a wedge, for corporations, into these areas, you see the hand of the Rockefeller plan.

When you see the destruction of currencies and the escalation of insupportable debt, the incursion of a bewildering number of U.N.-affiliated groups sinking their teeth into local communities all over the planet to “manage sustainable development,” you see the plan.

On the approaching anniversary of Watergate, you can see that the trashing of Nixon — who, like every President since, was put in place to serve his masters — is an opportunity to notice the Plan Behind the Curtain.

Obama? Merely the latest willing front man. A third-rate hustler.

The innocuous-sounding “free trade” policy is the No. 1 priority of every American President. He must do two things: rarely speak of it and allow it to move forward. That’s all. In return, he gets to act as if he’s the most powerful man in the world.

But if he wobbles and considers taking up a position against free trade (corporate domination of the planet), he can look back and see what happened to Nixon. He can learn from that example.

He can recite the famous words of Zbiggie Brzezinski, co-founder of the Trilateral Commission and David Rockefeller’s intellectual flunkey: ”The nation state as a fundamental unit of man’s organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state.”

Like Carter, a future President can espouse the most wide-ranging humanitarian philosophy and ascend to a cloud of beautiful altrusim, admired by all — as long as he sticks to the plan.

If not, two reporters coming out of nowhere, wet behind the ears, eager for advancement, will magically learn of his missteps and demolish him.

–Jon Rappoport

Pasted Graphic jr

Jon Rappoport The author of an explosive collection, “The Matrix Revealed,” Jon Rappoport was a candidate for a U.S. Congressional seat in the 29th District of California. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern and other newspapers and magazines in the United States and Europe. Rappoport has delivered lectures and seminars on global politics, health, logic and creative power to audiences around the world. His blog, No More Fake News, can be read here.

Email this author | All posts by Jon Rappoport

Below is a “Letter to the Editor”

that makes some important observations on what we have become!

Untitled attachment 00354

This country is and has been ruled by a shadow government since the beginning!

Below are some examples and explanations!

CLick on each image to enlarge it for reading!

inv gov qs p1sm

inv gov qs p2sm

inv gov qs p3sm

inv gov qs p4sm

inv gov qs p5sm

inv gov qs p6sm

inv gov qs p9sm

Some further insight into

The Council On Foreign Relations and David Rockefeller –

cfr & dr

Information on the Bilderberg Group  is below

from the founder, Prince Bernhard

Bilderberg Group Secrets plus

These are only a few of the front groups for the people who rule, known by various names, such as the elite, the illuminati, the shadow government to name a few and their goal is a new world order . A world with no borders, a much smaller total population, one that is easily controlled and ruled by them!

And some final words from one of the descendants of the 13 bloodlines that rule –

and those are facts not bragging points!

Do your own research!

531766_419656804769471_78215041_n

If we want to survive as a free nation and a free people we have to ditch the Fed, kick the UN out of this country and nullify all the treaties that we have signed AND jail all the international bankers for crimes against this nation and its people, like the Icelanders did! IF we do not accomplish this, then all else will be futile!

CRUMMY FEDERAL RESERVE NEEDS TO GO!

FINANCIALS!

I have been saying this for many years and in many places in this blog! If we the people do not rid ourselves of the fed, we will never be financially solvent or free! The Fed was one of the biggest scams ever perpetrated on the American people. It was planned and set up through a conspiratorial meeting on Jekyll Island in 1912 & pushed through Congress, when most members had already left for home on December 23, 1913 – almost 100 years ago! The book that explains the start of the Federal Reserve is “The Creature From Jekyll Island” and it is a book that you should read, to understand the fraud that was pushed down our throats! I normally do not promote items but this is such an important work that I am listing all the information for it. It is available on Amazon & other places on line!

516P995FZTL._SY300_

“Book Description

Publication Date: May 1998
Where does money come from? Where does it go? Who makes it? The money magicians’ secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait!

You’ll be hooked in five minutes. Reads like a detective story – which it really is. But it’s all true. This book is about the most blatant scam of all history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity.

Creature from Jekyll Island is a “must read.” Your world view will definitely change. You’ll never trust a politician again – or a banker.”

558512_531339960243189_1932010865_n

http://www.infowars.com/11-reasons-why-the-federal-reserve-should-be-abolished/

11 Reasons Why The Federal Reserve Should Be Abolished

Michael Snyder

Economic Collapse
May 7, 2013

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 nationsthat 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…

#1 The Greatest Period Of Economic Growth In The History Of The United States Happened When There Was No Central Bank

Did you know that the greatest period of economic growth in U.S. history was between the Civil War and 1913? And guess what? That was a period when there was no central bank in the United States at all. The following is from Wikipedia

The Gilded Age saw the greatest period of economic growth in American history. After the short-lived panic of 1873, the economy recovered with the advent of hard money policies and industrialization. From 1869 to 1879, the US economy grew at a rate of 6.8% for real GDP and 4.5% for real GDP per capita, despite the panic of 1873. The economy repeated this period of growth in the 1880s, in which the wealth of the nation grew at an annual rate of 3.8%, while the GDP was also doubled.

So if our greatest period of economic prosperity was during a time when there was no Federal Reserve, then why shouldn’t we try such a system again?

#2 The Federal Reserve Is Systematically Destroying The Value Of The U.S. Dollar

The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created in 1913.

If you do not believe this, just check out the inflation chart in this article.

The Federal Reserve systematically penalizes those that try to save their money. Inflation is a tax, and the value of each one of our dollars goes down a little bit more every single day.

But over time, it really adds up. In fact, the value of the U.S. dollar has fallen by 83 percent since 1970.

Anyone that goes to the grocery store on a regular basis knows how painful inflation can be. The following is a list that shows how prices for many of the things that we buy on a regular basis absolutely skyrocketed between 2002 and 2012

Eggs: 73%

Coffee: 90%

Peanut Butter: 40%

Milk: 26%

A Loaf Of White Bread: 39%

Spaghetti And Macaroni: 44%

Orange Juice: 46%

Red Delicious Apples: 43%

Beer: 25%

Wine: 60%

Electricity: 42%

Margarine: 143%

Tomatoes: 22%

Turkey: 56%

Ground Beef: 61%

Chocolate Chip Cookies: 39%

Gasoline: 158%

Even the price of water has absolutely soared in recent years. According to USA Today, water bills have actually tripled over the past 12 years in some areas of the country.

So how can the Federal Reserve get away with claiming that we are in a “low inflation” environment?

Well, what Ben Bernanke never tells you is that the way that the government calculates inflation has changed more than 20 times since 1978.

The truth is that the real rate of inflation is somewhere between five and ten percent right now, but you will never hear about this on the mainstream news.

#3 The Federal Reserve Is A Perpetual Debt Machine

The Federal Reserve system was designed to be a trap. The intent of the bankers was to trap the U.S. government in an endless debt spiral from which it could never possibly escape.

But most Americans don’t understand this. In fact, most Americans don’t even understand where money comes from.

If you don’t believe this, just go out on the street and ask regular people where money comes from. The responses will be something like this…

“Duh – I don’t know. I’ve got to get home to watch American Idol.”

This is why it is so important to get people educated. I think that most Americans would be horrified to learn that the creation of more money in our system also involves the creation of more debt.

The following is a summary of money creation that comes from one of my previous articles

When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.

Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.

The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.

So what does the Federal Reserve do with those Treasury bonds? I went on to explain what happens…

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

But wait.

There is a problem.

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

So where will the U.S. government get the money to pay that debt?

Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.

But that never actually happens, does it?

And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.

Men like Thomas Edison and Henry Ford could not understand why we would adopt such a foolish system. For example, Thomas Edison was once quoted in the New York Times as saying the following…

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

Unfortunately, today most Americans don’t even understand how the system works. They just assume that we have the best system in the entire world.

Sadly, the reality is that the system is working just as the international bankers that designed it had hoped. The United States has the largest national debt in the history of the world, and we are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day in a desperate attempt to keep the debt spiral going.

#4 The Federal Reserve Is A Centrally-Planned Financial System That Is The Antithesis Of What A Free Market System Should Be

Why do we need someone to centrally-plan our financial system?

Isn’t that the kind of thing they do in communist China?

Why do we need someone to tell us what interest rates are going to be?

Why do we need someone to determine what “the target rate of inflation” should be?

If we actually had a free market system, the free market would be the one “managing” our economy.

But instead, we have become so accustomed to central planning that any alternatives seem to be absolutely unthinkable.

For example, CNBC cannot possibly imagine a world where the Fed (or some similar institution) was not running things…

But suppose the law were taken off the books? The Fed’s job—in simple terms—is to manage the nation’s money supply and achieve the sometimes-conflicting tasks of full employment, stable prices while fighting inflation or deflation.

How would the U.S. economy then function? Something has to take its place, right?

Global markets would also need some sort of economic direction from the U.S. The Fed manages the dollar — and as the world’s leading currency, a void left by a Fed-less America could throw those markets into chaos with uncertainty about who’s managing U.S. interest rates and the American economy.

I’ve got an idea – let’s let the free market “manage” U.S. interest rates and the American economy.

I know, it’s a crazy idea, but I have a sneaking suspicion that it just might work beautifully.

#5 The Federal Reserve Creates Bubbles And Busts

Do you remember the Dotcom bubble?

Or what about the housing bubble?

By dramatically distorting interest rates and financial behavior, the Federal Reserve creates economic bubbles and the corresponding economic busts.

And guess what?

Now it is happening again.

When will the American people decide that they have had enough?

If you can believe it, there have been 10 different economic recessions since 1950. And of course the Federal Reserve even admits that it helped create the Great Depression of the 1930s.

Perhaps it is time to try something different.

#6 The Federal Reserve Is Privately Owned

It has been said that the Federal Reserve is about as “federal” as Federal Express is.

Most Americans still believe that the Federal Reserve is a “federal agency”, but that is simply not true. The following comes from factcheck.org

The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

And even the Federal Reserve itself has argued that it is “not an agency” of the federal government in court.

So why is there still so much confusion about this?

We should not be allowing a private entity that is owned and dominated by the banks to make decisions that dramatically affect the daily lives of all the rest of us.

#7 The Federal Reserve Greatly Favors The “Too Big To Fail” Banks

Since the Federal Reserve is owned by the banks, should we be surprised that it serves the interests of the banks?

In particular, the Fed has been extremely good to the “too big to fail” banks.

Over the past several decades, those banks have grown tremendously in both size and power.

Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets.

Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.

#8 The Federal Reserve Gives Secret Bailouts To Their Friends

The Federal Reserve is the only institution in America that can print money out of thin air and loan it to their friends any time they want to.

For example, did you know that the Federal Reserve made 16 trillion dollars in secret loans to their friends during the last financial crisis?

The following list is taken directly from page 131 of a GAO audit report, and it shows which banks received secret loans from the Fed…

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

If you will notice, a number of the banks listed above are foreign banks.

Why is the Fed allowed to print money out of thin air and lend it to foreign banks?

#9 The Federal Reserve Is Paying Banks Not To Lend Money

Did you know that the Federal Reserve is actually paying U.S. banks not to lend money?

That doesn’t make sense. Our economy is based on credit, andsmall businesses desperately need loans in order to operate.

But the Fed has decided to pay banks not to risk their money. Section 128 of the Emergency Economic Stabilization Act of 2008 allows the Federal Reserve to pay interest on “excess reserves” that U.S. banks park at the Fed.

So the big banks can just send their cash to the Fed and watch the money come rolling in risk-free.

As the chart below demonstrates, the banks have taken great advantage of this tremendous deal…

Excess-Reserves-Parked-At-The-Federal-Reserve-425x255

#10 The Federal Reserve Has An Astounding Track Record Of Failure

Over the past ten years, the Federal Reserve has been an abysmal failure when it comes to running the economy.

But despite a track record of failure that would make the Chicago Cubs look like a roaring success, Barack Obama actually decided to nominate Ben Bernanke for a second term as the Chairman of the Federal Reserve.

What a mistake.

Just check out some of the things that Bernanke said prior to the last financial crisis. The following is an extended excerpt from an article that I published previously

*****

In 2005, Bernanke said that we shouldn’t worry because housing prices had never declined on a nationwide basis before and he said that he believed that the U.S. would continue to experience close to “full employment”….

“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

In 2005, Bernanke also said that he believed that derivatives were perfectly safe and posed no danger to financial markets….

“With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly.”

In 2006, Bernanke said that housing prices would probably keep rising….

“Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.”

In 2007, Bernanke insisted that there was not a problem with subprime mortgages….

“At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”

In 2008, Bernanke said that a recession was not coming….

“The Federal Reserve is not currently forecasting a recession.”

A few months before Fannie Mae and Freddie Mac collapsed, Bernanke insisted that they were totally secure….

“The GSEs are adequately capitalized. They are in no danger of failing.”

*****

There are many, many more examples that could be listed, but hopefully you get the point.

And now it is happening again. Bernanke is telling the American people that everything is going to be just fine and that no major problems are ahead.

Do you believe him this time?

#11 The Federal Reserve Is Unaccountable To The American People

What is the most important political issue to most Americans?

Survey after survey has shown that the American people care about the economy more than anything else.

So why do we allow an unelected, unaccountable entity that is privately-owned to make our economic decisions for us?

The Federal Reserve has become so powerful that it has been called “the fourth branch of government”. Every four years, presidential candidates argue about who will be best at managing the economy, but the truth is that it is the Fed that manages our economy.

We are told that the “independence” of the Federal Reserve is absolutely critical, but don’t the American people deserve to have a say in the running of the economy?

Our system is broken. It is a system that will continue to create more bubbles and more debt until the entire thing finally collapses for good.

Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing….

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

But instead of banning government borrowing, we have allowed ourselves to become enslaved to a system where government borrowing actually creates our money.

We do not need to have a central bank. There are much better alternatives. We just need to get people educated.

Please share this article with as many people as you possibly can. These are things that every American should know about the Fed, and we need to educate the American people about the Federal Reserve while there is still time.

This article was posted: Tuesday, May 7, 2013 at 6:10 am

Tags: economics, financial

We The People need to take charge of our country because we have never been this close to loosing it and if it goes down the progressive (Marxist) path – we will never be able to get it back! Now is the time to make a decision of where you stand and what you will do to protect the Constitution. We do not have a lot of time left!

63543_10151344316280773_645863979_n

http://www.naturalnews.com/039744_US_dollar_collapse_Federal_Reserve.html

Homeland Security insider warns

orchestrated collapse of U.S. dollar ‘has begun’

Tuesday, April 02, 2013 by: Jonathan Benson, staff writer

(NaturalNews) The countdown clock is ticking as the insanely evil cabal known as the “global elite” prepares its final moves for a complete world takeover. As relayed by Canada Free Press (CFP), an insider at the U.S. Department of Homeland Security (DHS), which is America’s very own reanimation of the Nazi SS, recently delivered an ominous warning that America’s days are numbered, and that Americans basically need to ready themselves for the worst, which is yet to come.

Not only is a complete collapse of the U.S. dollar on the very near horizon, according to the unnamed source, but a single, uniform currency system is already in the works to take its place. All that needs to happen now is for the final hammer to drop, so to speak, an event to truly shake the people and wake them out of their drunken, entertainment-imbibed stupors. But when this finally happens, it will already be too late for anyone to actually do anything about it.

“The first shots in a global economic takeover were fired in Cyprus,” explains Doug Hagmann from CFP about the situation as it is currently playing out. “It is a plan for a one world Communist economy where the ‘middle class’ will be wiped out through a series of events that will have the same ultimate effect as we are seeing in present day Cyprus.”

And just what, exactly, happened in Cyprus? The mainstream media claims it was a simple emergency “tax deal,” a “levy” designed to pull the country out of crisis. But in reality, the people of Cyprus, and those with money in Cyprus banks, were literally robbed of untold billions of dollars by the central bankers, who overnight imposed an unannounced freeze on a large portion of depositors’ money. According to more recent reports, up to 40 percent of depositors’ cash could be apprehended as part of the deal.

Federal Reserve recently stole more than 25 percent of Americans’ savings and investments with ‘quantitative easing’ scam

But what is happening in Cyprus is also happening in the U.S. Very few Americans, it turns out, are aware of the fact that the Federal Reserve’s quantitative easing scheme, which intentionally injects more paper money into the general money supply, causes inflation. And inflation leads to devaluation of money, which in essence is just another form of stealing from the people to bail out the central bankers.

Though these cash injections might lead to immediate economic jump starts, they never last, and the long-term consequence of their repeated use is hyperinflation and destruction of the currency. And the unfortunate truth of the matter is that all levels of government have been infiltrated with globalists serving the interests of the central bankers at the expense of the people.

“The plan for a global currency or a one world economic order is a matter that transcends political parties,” writes Hagmann. “Those who continue to argue in the Republican-Democrat meme are doing nothing more than providing entertainment to distract people from the real issue, that of the global elite versus the rest of us.”

“The top of the pyramid in this Ponzi scheme is filled with members of both U.S. political parties who are systematically pillaging us and our future generations into financial debt, bondage and slavery. It is a plan that has been in the works for centuries. The problem, however, is that we have been conditioned not to think that big. Yet, the lie is that big.”

Sources for this article include:

http://canadafreepress.com/index.php/article/53842

http://canadafreepress.com/index.php/article/53832

http://canadafreepress.com

Learn more: http://www.naturalnews.com/039744_US_dollar_collapse_Federal_Reserve.html#ixzz2PnPGBN3W

Our financial problems are multi layered – the current administration is working overtime to make sure their implementation of the “Cloward-Piven” doctrine continues to be on track! An explanation is below – this is important to understand because this is how we are going to become a socialist nation!

601557_493388727375135_318014258_n

Cloward–Piven strategy

From Wikipedia, the free encyclopedia

The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward (1926–2001) and Frances Fox Piven (b. 1932) that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of “a guaranteed annual income and thus an end to poverty”. Cloward and Piven were a married couple who were both professors at the Columbia University School of Social Work. The strategy was formulated in a May 1966 article in liberal[1] magazine The Nation titled “The Weight of the Poor: A Strategy to End Poverty”.[2]

The two were critical of the public welfare system, and their strategy called for overloading that system to force a different set of policies to address poverty. They stated that many Americans who were eligible for welfare were not receiving benefits, and that a welfare enrollment drive would strain local budgets, precipitating a crisis at the state and local levels that would be a wake-up call for the federal government, particularly the Democratic Party, thus forcing it to implement a national solution to poverty. Cloward and Piven wrote that “the ultimate objective of this strategy [would be] to wipe out poverty by establishing a guaranteed annual income…”[2] There would also be side consequences of this strategy, according to Cloward and Piven. These would include: easing the plight of the poor in the short-term (through their participation in the welfare system); shoring up support for the national Democratic Party then-splintered by pluralistic interests (through its cultivation of poor and minority constituencies by implementing a national “solution” to poverty); and relieving local governments of the financially and politically onerous burdens of public welfare (through a national “solution” to poverty)[citation needed].

Contents  [show]

[edit]

The strategy

Cloward and Piven’s article is focused on forcing the Democratic Party, which in 1966 controlled the presidency and both houses of the United States Congress, to take federal action to help the poor. They stated that full enrollment of those eligible for welfare “would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments” that would “deepen existing divisions among elements in the big-city Democratic coalition: the remaining white middle class, the working-class ethnic groups and the growing minority poor. To avoid a further weakening of that historic coalition, a national Democratic administration would be constrained to advance a federal solution to poverty that would override local welfare failures, local class and racial conflicts and local revenue dilemmas.”[3] They wrote:

The ultimate objective of this strategy—to wipe out poverty by establishing a guaranteed annual income—will be questioned by some. Because the ideal of individual social and economic mobility has deep roots, even activists seem reluctant to call for national programs to eliminate poverty by the outright redistribution of income.[3]

Michael Reisch and Janice Andrews wrote that Cloward and Piven “proposed to create a crisis in the current welfare system – by exploiting the gap between welfare law and practice – that would ultimately bring about its collapse and replace it with a system of guaranteed annual income. They hoped to accomplish this end by informing the poor of their rights to welfare assistance, encouraging them to apply for benefits and, in effect, overloading an already overburdened bureaucracy.”[4]

[edit]

Focus on Democrats

The authors pinned their hopes on creating disruption within the Democratic Party. “Conservative Republicans are always ready to declaim the evils of public welfare, and they would probably be the first to raise a hue and cry. But deeper and politically more telling conflicts would take place within the Democratic coalition,” they wrote. “Whites – both working class ethnic groups and many in the middle class – would be aroused against the ghetto poor, while liberal groups, which until recently have been comforted by the notion that the poor are few… would probably support the movement. Group conflict, spelling political crisis for the local party apparatus, would thus become acute as welfare rolls mounted and the strains on local budgets became more severe.”[5]

[edit]

Reception and criticism

Howard Phillips, chairman of The Conservative Caucus, was quoted in 1982 as saying that the strategy could be effective because “Great Society programs had created a vast army of full-time liberal activists whose salaries are paid from the taxes of conservative working people.”[6]

Liberal commentator Michael Tomasky, writing about the strategy in the 1990s and again in 2011, called it “wrongheaded and self-defeating”, writing: “It apparently didn’t occur to [Cloward and Piven] that the system would just regard rabble-rousing black people as a phenomenon to be ignored or quashed.”[7]

[edit]

Impact of the strategy

Cloward and Piven themselves, in papers published in 1971 and 1977, argued that mass unrest in the United States, especially between 1964 and 1969, did lead to a massive expansion of welfare rolls, though not to the guaranteed-income program that they had hoped for.[8] Political scientist Robert Albritton disagreed, writing in 1979 that the data did not support this thesis; he offered an alternative explanation for the rise in welfare caseloads.

In his 2006 book Winning the Race, political commentator John McWhorter attributed the rise in the welfare state after the 1960s to the Cloward–Piven strategy, but wrote about it negatively, stating that the strategy “created generations of black people for whom working for a living is an abstraction.”[9]

According to historian Robert E. Weir in 2007, “Although the strategy helped to boost recipient numbers between 1966 and 1975, the revolution its proponents envisioned never transpired.”[10]

Some commentators have blamed the Cloward–Piven strategy for the near-bankruptcy of New York City in 1975.[11][12]

Conservative commentator Glenn Beck referred to the Cloward-Piven Strategy often on his Fox News television show, Glenn Beck, during its run from 2009 to 2011, reiterating his opinion that it had helped to inspire President Barack Obama‘s economic policy. On February 18, 2010, for example, Beck said, “you’ve got total destruction of wealth coming… It’s the final phase of the Cloward-Piven strategy, which is collapse the system.”[13]

Richard Kim, writing in 2010 in The Nation (in which the original essay appeared), called such assertions “a reactionary paranoid fantasy…” but says that “the left’s gut reaction upon hearing of it–to laugh it off as a Scooby-Doo comic mystery–does nothing to blunt its appeal or limit its impact.”[14] The Nation later stated that Beck blames the “Cloward-Piven Strategy” for “the financial crisis of 2008, healthcare reform, Obama’s election and massive voter fraud” and has resulted in the posting of much violent and threatening rhetoric by users on Beck’s website, including death threats against Frances Fox Piven.[15] For her part, Piven vigorously continues to defend the original idea, calling its conservative interpretation “lunatic”.[16]

And the value of our dollar keeps on spiraling down!

I wish the image below was better quality, but hopefully it will give you enough information to research for yourself!

521623_498219600225381_1517761870_n

And that is how we have been brought to the brink of disaster!

Can the fiscal cliff be averted? I don’t know!

CRUMMY GOV IS MONITORING ALL COMMUNICATIONS!

944216_10151698766362577_1755407612_n

HOW DID WE THE PEOPLE ALLOW THIS TO HAPPEN???

http://www.infowars.com/the-u-s-government-is-monitoring-all-phone-calls-all-emails-and-all-internet-activity/

The U.S. Government Is Monitoring All Phone Calls, All Emails And All Internet Activity

Michael Snyder
American Dream
May 7, 2013

Big Brother is watching everything that you do on the Internet and listening to everything that you say on your phone. Every single day in America, the U.S. government intercepts and stores nearly 2 billion emails, phone calls and other forms of electronic communication. Former NSA employees have come forward and have described exactly what is taking place, and this surveillance activity has been reported on by prominent news organizations such as the Washington Post, Fox News and CNN, but nobody really seems to get too upset about it.

Either most Americans are not aware of what is really going on or they have just accepted it as part of modern life. But where will this end? Do we really want to live in a dystopian “Big Brother society” where the government literally reads every single thing that we write and listens to every single thing that we say? Is that what the future of America is going to look like? If so, what do you think our founding fathers would have said about that?

Many Americans may not realize this, but nothing that you do on your cell phone or on the Internet will ever be private again. According to the Washington Post, the NSA intercepts and stores an astounding amount of information every single day…

Every day, collection systems at the National Security Agency intercept and store 1.7 billion e-mails, phone calls and other types of communications. The NSA sorts a fraction of those into 70 separate databases.

But even the Washington Post may not have been aware of the full scope of the surveillance. In fact, National Security Agency whistleblower William Binney claims that the NSA has collected “20 trillion transactions” involving U.S. citizens…

In fact, I would suggest that they’ve assembled on the order of 20 trillion transactions about U.S. citizens with other U.S. citizens.

And NSA whistleblowers have also told us that the agency “has the capability to do individualized searches, similar to Google, for particular electronic communications in real time through such criteria as target addresses, locations, countries and phone numbers, as well as watch-listed names, keywords, and phrases in email.”

So the NSA must have tremendous data storage needs. That must be why they are building such a mammoth data storage center out in Utah. According to Fox News, it will have the capability of storing 5 zettabytes of data…

The NSA says the Utah Data Center is a facility for the intelligence community that will have a major focus on cyber security. The agency will neither confirm nor deny specifics. Some published reports suggest it could hold 5 zettabytes of data. (Just one zettabyte is the equivalent of about 62 billion stacked iPhones 5′s– that stretches past the moon.

Are you outraged by all of this?

You should be.

The U.S. government is spying on the American people and yet they continue to publicly deny that they are actually doing it.

Last week, this government spying program was once again confirmed by another insider. What former FBI counterterrorism agent Tim Clemente told Erin Burnett of CNN is absolutely astounding

BURNETT: Tim, is there any way, obviously, there is a voice mail they can try to get the phone companies to give that up at this point. It’s not a voice mail. It’s just a conversation. There’s no way they actually can find out what happened, right, unless she tells them?

CLEMENTE: “No, there is a way. We certainly have ways in national security investigations to find out exactly what was said in that conversation. It’s not necessarily something that the FBI is going to want to present in court, but it may help lead the investigation and/or lead to questioning of her. We certainly can find that out.

BURNETT: “So they can actually get that? People are saying, look, that is incredible.

CLEMENTE: “No, welcome to America. All of that stuff is being captured as we speak whether we know it or like it or not.”

Yes, “all of that stuff” is most definitely being “captured” and it is time for the Obama administration to be honest with the American people about what is actually going on.

Meanwhile, the recent bombing in Boston has many of our politicians calling for even tighter surveillance.

For example, New York City Mayor Michael Bloomberg recently said that our interpretation of the U.S. Constitution will “have to change” to deal with the new threats that we are facing. More “smart cameras” are going up in New York, and Bloomberg says that we are “never going to know where all of our cameras are”. The following is from a recent RT article

New York City police officials intend to expand the already extensive use of surveillance cameras throughout town. The plan, unveiled Thursday, comes as part of a drive for increased security around the US following the Boston Marathon attack.

New York City Police Department Commissioner Ray Kelly announced the plan during a press conference with Mayor Michael Bloomberg, in which the two announced that the suspected Boston Marathon bombers were planning to attack New York next. The pair said they hope to discourage criminals by using so-called “smart cameras” that will aggregate data from 911 alerts, arrest records, mapped crime patterns, surveillance cameras and radiation detectors, among other tools, according to The Verge.

You’re never going to know where all of our cameras are,” Bloomberg told reporters gathered outside City Hall. “And that’s one of the ways you deter people; they just don’t know whether the person sitting next to you is somebody sitting there or a detective watching.”

Will you feel safer if the government is watching you 100% of the time?

Do you want them to see what you are doing 100% of the time?

You might want to think about that, because that is where all of this is headed.

In fact, the truth is that spy cameras are not just going up all over New York City. Most Americans may not realize this, but a network of spy cameras is now going up all over the nation. The following is an excerpt from one of my previous articles

“You are being watched. The government has a secret system – a machine – that spies on you every hour of every day.” That is how each episode of “Person of Interest” on CBS begins. Most Americans that have watched the show just assume that such a surveillance network is completely fictional and that the government would never watch us like that. Sadly, most Americans are wrong. Shocking new details have emerged this week which prove that a creepy nationwide network of spy cameras is being rolled out across the United States. Reportedly, these new spy cameras are “more accurate than modern facial recognition technology”, and every few seconds they send back data from cities and major landmarks all over the United States to a centralized processing center where it is analyzed. The authorities believe that the world has become such a dangerous place that the only way to keep us all safe is to watch what everyone does all the time. But the truth is that instead of “saving America”, all of these repressive surveillance technologies are slowly killing our liberties and our freedoms. America is being transformed into an Orwellian prison camp right in front of our eyes, and very few people are even objecting to it.

For many more examples of how the emerging Big Brother surveillance grid is tightening all around us, please see my previous article entitled “19 Signs That America Is Being Systematically Transformed Into A Giant Surveillance Grid“.

Meanwhile, Barack Obama is telling us to reject those that are warning us about government tyranny. The following is what he told the graduating class of The Ohio State University on May 5th, 2013

“Unfortunately, you’ve grown up hearing voices that incessantly warn of government as nothing more than some separate, sinister entity that’s at the root of all our problems. Some of these same voices also do their best to gum up the works. They’ll warn that tyranny always lurking just around the corner. You should reject these voices.”

So what do you think?

Should we just ignore all of the violations of our privacy that are happening?

Should we just ignore what the U.S. Constitution says about privacy and let the government monitor us however it wants to?

We ignore what this administration is doing at our peril!

We have lost a lot of our freedoms already and they will not be given back!

If we loose any more we will become the land of the government slaves!

 

gor 1984 quote

Below is a copy of our Constitution and the Amendments, with a link to the US Senate website, where these documents are digitally kept.

It is time for all of us to read them and learn them. They were written for our protection and to limit the government – not the other way around!

constitution_1_of_4_630

http://www.senate.gov/civics/constitution_item/constitution.htm

 

Constitution of the United States

Preamble   Article I   Article II   Article III   Article IV   Article V   Article VI

Article VII      AMENDMENTS

 

Introduction

 

Written in 1787, ratified in 1788, and in operation since 1789, the United States Constitution is the world’s longest surviving written charter of government.  Its first three words – “We The People” – affirm that the government of the United States exists to serve its citizens.  The supremacy of the people through their elected representatives is recognized in Article I, which creates a Congress consisting of a Senate and a House of Representatives. The positioning of Congress at the beginning of the Constitution reaffirms its status as the “First Branch” of the federal government.

The Constitution assigned to Congress responsibility for organizing the executive and judicial branches, raising revenue, declaring war, and making all laws necessary for executing these powers.  The president is permitted to veto specific legislative acts, but Congress has the authority to override presidential vetoes by two-thirds majorities of both houses.  The Constitution also provides that the Senate advise and consent on key executive and judicial appointments and on the ratification of treaties.

For over two centuries the Constitution has remained in force because its framers successfully separated and balanced governmental powers to safeguard the interests of majority rule and minority rights, of liberty and equality, and of the central and state governments.  More a concise statement of national principles than a detailed plan of governmental operation, the Constitution has evolved to meet the changing needs of a modern society profoundly different from the eighteenth-century world in which its creators lived.

This annotated version of the Constitution provides the original text (left-hand column) with commentary about the meaning of the original text and how it has changed since 1789 (right-hand column).

 
 

 

Original Text   Explanation
 
Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.   The Preamble explains the purposes of the Constitution, and defines the powers of the new government as originating from the people of the United States.
 
 
 

 

Article I

Section 1   Section 2   Section 3   Section 4   Section 5   Section 6   Section 7

Section 8   Section 9   Section 10

     
 
 

 

Section 1

All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.   The Constitution divides the federal government into three branches, giving legislative powers to a bicameral (two chamber) Congress.
 
 
 

 

Section 2

     
 
 

 

The House of Representatives shall be composed of Members chosen every second Year by the People of the several States, and the Electors in each State shall have the Qualifications requisite for Electors of the most numerous Branch of the State Legislature.   The House of Representatives was intended to be “the people’s house.”  Its members were elected directly by the voters in the states, and the entire House would have to stand for election every two years.
 
 
 

 

No Person shall be a Representative who shall not have attained to the Age of twenty five Years, and been seven Years a Citizen of the United States, and who shall not, when elected, be an Inhabitant of that State in which he shall be chosen.

 

  Representatives need to be 25 years old (compared to 30 for senators), and 7 years a citizen (compared to 9 years for senators).  They must be residents within their states at the time of their election, but do not necessarily have to live within their districts.
 
 
 

 

Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers, which shall be determined by adding to the whole Number of free Persons, including those bound to Service for a Term of Years, and excluding Indians not taxed, three fifths of all other Persons. The actual Enumeration shall be made within three Years after the first Meeting of the Congress of the United States, and within every subsequent Term of ten Years, in such Manner as they shall by Law direct. The Number of Representatives shall not exceed one for every thirty Thousand, but each State shall have at Least one Representative; and until such enumeration shall be made, the State of New Hampshire shall be entitled to chuse three, Massachusetts eight, Rhode-Island and Providence Plantations one, Connecticut five, New-York six, New Jersey four, Pennsylvania eight, Delaware one, Maryland six, Virginia ten, North Carolina five, South Carolina five, and Georgia three.   Membership in the House is apportioned according to the population of the states.  Every state must have at least one House seat.  Larger states will have many more representatives.  Every ten years, after the census has been taken, House districts are reapportioned to reflect their changing population.  For many years the House increased its size as the nation’s population grew, but in 1911 the number of representatives was fixed at 435 (together with non-voting delegates representing several territories and the District of Columbia).  Words in italics indicate provisions that were later dropped from the Constitution.  The 13th amendment abolished slavery and the 14th amendment provided that representation would be determined according to the whole number of persons in each state, not by the “three-fifths” of the slaves.  Since American Indians are now taxed, they are counted for purposes of apportionment.
 
 
 

 

When vacancies happen in the Representation from any State, the Executive Authority thereof shall issue Writs of Election to fill such Vacancies.

 

  Vacant House seats must be filled by election.  For the Senate, state governors may fill vacancies.
 
 
 

 

The House of Representatives shall chuse their Speaker and other Officers; and shall have the sole Power of Impeachment.

 

  Representatives choose their presiding officer, the Speaker, from among the membership of the majority party.  Other elected officers, such as the chaplain, clerk of the House, sergeant at arms, and doorkeeper, are not members of the House.  Impeachment is the power to remove federal officers.  The House initiates the process by voting to impeach, which then refers the matter to the Senate for a trial.
 
 
 

 

Section 3

     
 
 

 

The Senate of the United States shall be composed of two Senators from each State, chosen by the Legislature thereof, for six Years; and each Senator shall have one Vote.

 

  Each state has two senators, regardless of the size of its population.  Originally, senators were chosen by state legislatures.  In 1913 the 17th amendment provided that senators would be directly elected by the people.
Immediately after they shall be assembled in Consequence of the first Election, they shall be divided as equally as may be into three Classes. The Seats of the Senators of the first Class shall be vacated at the Expiration of the second Year, of the second Class at the Expiration of the fourth Year, and of the third Class at the Expiration of the sixth Year, so that one third may be chosen every second Year; and if Vacancies happen by Resignation, or otherwise, during the Recess of the Legislature of any State, the Executive thereof may make temporary Appointments until the next Meeting of the Legislature, which shall then fill such Vacancies.

 

  From the beginning, senators were divided into three groups for staggered elections, so that one-third of the seats are filled every two years.  The italicized parts, regarding the filling of vacancies, were altered by the 17th amendment.
 
 
 

 

No Person shall be a Senator who shall not have attained to the Age of thirty Years, and been nine Years a Citizen of the United States, and who shall not, when elected, be an Inhabitant of that State for which he shall be chosen.   As with representatives, the Constitution fixes the qualifications a person must meet to be eligible to be a senator.
 
 
 

 

The Vice President of the United States shall be President of the Senate, but shall have no Vote, unless they be equally divided.

 

  As the presiding officer of the Senate, the vice president may vote only to break a tie.
 
 
 

 

The Senate shall chuse their other Officers, and also a President pro tempore, in the Absence of the Vice President, or when he shall exercise the Office of President of the United States.

 

  Except for the Vice President, the Senate elects its own officers.  The President pro tempore is usually the longest-serving member of the majority party.  Other elected officers include a chaplain, secretary of the Senate, and sergeant at arms, who are not senators.
 
 
 

 

The Senate shall have the sole Power to try all Impeachments. When sitting for that Purpose, they shall be on Oath or Affirmation. When the President of the United States is tried, the Chief Justice shall preside: And no Person shall be convicted without the Concurrence of two thirds of the Members present.   Once the House votes to impeach, the Senate conducts a trial to determine whether to convict or acquit.  A two-thirds vote is necessary to remove the individual from office.  The chief justice of the United States presides over the impeachment trial of a president.
Judgment in Cases of Impeachment shall not extend further than to removal from Office, and disqualification to hold and enjoy any Office of honor, Trust or Profit under the United States: but the Party convicted shall nevertheless be liable and subject to Indictment, Trial, Judgment and Punishment, according to Law.   Convicted persons can be barred from holding future office, and may be subject to criminal trial in the courts.
 
 
 

 

Section 4

The Times, Places and Manner of holding Elections for Senators and Representatives, shall be prescribed in each State by the Legislature thereof; but the Congress may at any time by Law make or alter such Regulations, except as to the Places of chusing Senators.

 

  Federal elections are conducted by the individual states, although Congress has gradually enacted laws that regulate those elections.  The 17th amendment made the treatment of the election of senators and representatives the same.
The Congress shall assemble at least once in every Year, and such Meeting shall be on the first Monday in December, unless they shall by Law appoint a different Day.

 

  The 20th amendment changed this provision for the convening of Congress from the first Monday in December to the 3rd of January.
 
 
 

 

Section 5

     
 
 

 

Each House shall be the Judge of the Elections, Returns and Qualifications of its own Members, and a Majority of each shall constitute a Quorum to do Business; but a smaller Number may adjourn from day to day, and may be authorized to compel the Attendance of absent Members, in such Manner, and under such Penalties as each House may provide.

 

  The House and Senate decide whether their members are qualified to serve and have been properly elected, and determine any disputed elections.  One-half plus one of each house is necessary to make a quorum to conduct business.
Each House may determine the Rules of its Proceedings, punish its Members for disorderly Behaviour, and, with the Concurrence of two thirds, expel a Member.

 

  The Senate and House each sets its own rules, disciplines its own members, and by a two-thirds vote can expel a member.  Censure and lesser punishments require only a majority vote.
 
 
 

 

Each House shall keep a Journal of its Proceedings, and from time to time publish the same, excepting such Parts as may in their Judgment require Secrecy; and the Yeas and Nays of the Members of either House on any question shall, at the Desire of one fifth of those Present, be entered on the Journal.

 

  The Senate and House each publish journals listing bills passed, amendments offered, motions made, and votes taken.  In addition to these journals, Congress publishes an essentially verbatim account of its debates, called the Congressional Record.  Videotapes of floor proceedings are deposited at the National Archives.
 
 
 

 

Neither House, during the Session of Congress, shall, without the Consent of the other, adjourn for more than three days, nor to any other Place than that in which the two Houses shall be sitting.

 

  This section was included to prevent either chamber from blocking legislation through its refusal to meet.  Each chamber takes very seriously its independence of the other body.  To avoid having to ask the other chamber for permission to adjourn, the Senate and House simply conduct pro forma (as a matter of form) sessions to meet the three-day constitutional requirement.  No business is conducted at these sessions, which generally last for less than one minute.
 
 
 

 

Section 6

     
 
 

 

The Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States. They shall in all Cases, except Treason, Felony and Breach of the Peace, be privileged from Arrest during their Attendance at the Session of their respective Houses, and in going to and returning from the same; and for any Speech or Debate in either House, they shall not be questioned in any other Place.

 

  The “speech or debate” clause is a basic protection of members of Congress in a government of separated powers.  Inherited from the British parliament, the right prevents executive oppression of the legislature, and here protects members from criminal or civil liability in the performance of their legislative responsibilities.
 
 
 

 

No Senator or Representative shall, during the Time for which he was elected, be appointed to any civil Office under the Authority of the United States, which shall have been created, or the Emoluments whereof shall have been encreased during such time; and no Person holding any Office under the United States, shall be a Member of either House during his Continuance in Office.

 

  To preserve the separation of powers, no member may be appointed to an executive or judicial office that was created or accept a salary that was increased during the term to which that senator or representative was elected, nor may anyone serving in Congress simultaneously hold office in any other branch of government.
 
 
 

 

Section 7

     
 
 

 

All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

 

  The House, directly elected by the people, received authority to originate all tax bills.  The Senate, however, can amend a tax bill, and the support of both houses is necessary for the bill to become law.
 
 
 

 

Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States: If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it.  If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law. But in all such Cases the Votes of both Houses shall be determined by Yeas and Nays, and the Names of the Persons voting for and against the Bill shall be entered on the Journal of each House respectively. If any Bill shall not be returned by the President within ten Days (Sundays excepted) after it shall have been presented to him, the Same shall be a Law, in like Manner as if he had signed it, unless the Congress by their Adjournment prevent its Return, in which Case it shall not be a Law.   The “presentment clause” describes the only way that a bill can become law: it must be passed in identical form by both Houses and it must be signed by the president or passed by a two-thirds vote of Congress over the president’s veto.  If, while Congress is in session, the president does not sign a bill, it automatically becomes law.  If Congress has adjourned or is in recess, the president can “pocket veto” the bill – in a sense, simply putting it in his pocket, unsigned.  Congress cannot override bills that have been pocket vetoed.
Every Order, Resolution, or Vote to which the Concurrence of the Senate and House of Representatives may be necessary (except on a question of Adjournment) shall be presented to the President of the United States; and before the Same shall take Effect, shall be approved by him, or being disapproved by him, shall be repassed by two thirds of the Senate and House of Representatives, according to the Rules and Limitations prescribed in the Case of a Bill.   This clause prevents Congress from circumventing the previous clause by calling a bill something else.  All it means is that any “order, resolution, or vote” that has the force of law must be passed in the manner of a bill.
 
 
 

 

Section 8

     
 
 

 

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;   Section 8 begins the enumerated powers of the federal government delegated to Congress.  The first is the power to tax and to spend the money raised by taxes, to provide for the nation’s defense and general welfare.  This section was supplemented by the 16th amendment, which permitted Congress to levy an income tax.
 
 
 

 

To borrow Money on the credit of the United States;

 

  Congress can borrow money through the issuance of bonds and other means.  When it borrows money, the United States creates a binding obligation to repay the debt and cannot repudiate it.
 
 
 

 

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

 

  The “commerce clause” is one of the most far-reaching grants of power to Congress.  Interstate commerce covers all movement of people and things across state lines, and every form of communication and transportation.  The commerce clause has permitted a wide variety of federal laws, from the regulation of business to outlawing of racial segregation.  The “Indian commerce clause” has become the main source of power for congressional legislation dealing with Native Americans.
 
 
 

 

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

 

  Acts of Congress define the requirements by which immigrants can become citizens.  Only the federal government, not the states, can determine who becomes a citizen.  Bankruptcy laws make provisions for individuals or corporations that fail to pay their debts.
 
 
 

 

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

 

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

 

  These clauses permit Congress to coin money and to issue paper currency.  By extension, under its ability to enact laws “necessary and proper” to carry out these powers (as stated at the end of Article 1, Section 8), Congress created the Federal Reserve System to regulate the nation’s monetary supply.
 
 
 

 

To establish Post Offices and post Roads;

 

  The postal powers embrace all measures necessary to establish the system and to insure the safe and speedy transit and prompt delivery of the mails.  Congress may also punish those who use the mails for unlawful purposes.
 
 
 

 

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

 

  Copyright and patent protection of authors and inventors are authorized by this clause, although it uses neither word.
 
 
 

 

To constitute Tribunals inferior to the supreme Court;

 

  The Constitution provides only for a Supreme Court, and left it to Congress to create lower (“inferior”) courts, and to set their jurisdictions and duties.
 
 
 

 

To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;

 

  Every sovereign nation possesses these powers, and Congress has acted under this authority from the beginning.
 
 
 

 

To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

To make Rules for the Government and Regulation of the land and naval Forces;

  The “war powers” are defined here and in Article 2, Section 2.  Congress declares war, while the president wages war.  However, presidents have committed U.S. forces leading to conflict without congressional declaration of war in Korea, Vietnam, and other places, provoking national argument over the meaning of these powers.  Congress’ control of funding the military provides another check on the executive branch.
 
 
 

 

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

  Under these provisions, the right of the states to maintain a militia, including what is now the National Guard, is always subordinate to the power of Congress.  In 1795 Congress first gave the president authority to call out the militia to suppress insurrections.  Presidents employed this power to enforce federal law during desegregation disputes during the 1950s, and later during the civil disturbances in various cities during the 1960s
 
 
 

 

To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And   This clause enables Congress to govern the District of Columbia.  Congress has now delegated that power to a locally elected government, subject to federal oversight.  Congress also governs forts, arsenals, and other places obtained from the states for the federal government’s purposes.
 
 
 

 

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

 

  The “elastic clause” enlarges legislative power by enabling Congress to use any means it thinks reasonable to put these powers into action.  This clause also authorizes Congress to enact legislation necessary to carry out the powers of the other branches, for example to organize and reorganize the executive branch.
 
 
 

 

Section 9

     
 
 

 

The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year one thousand eight hundred and eight, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.

 

  This obsolete provision was designed to protect the slave trade from congressional restriction for a period of time.
 
 
 

 

The Privilege of the Writ of Habeas Corpus shall not be suspended, unless when in Cases of Rebellion or Invasion the public Safety may require it.

 

  Habeas corpus is a judicial device by which jailed people may require their jailer to justify their imprisonment to a court.  It is a fundamental safeguard of individual liberty, and the Supreme Court has interpreted it to give federal courts review over state court convictions and to enforce federal constitutional guarantees.  It is generally accepted that only Congress has the power to suspend habeas corpus.  President Abraham Lincoln’s suspension of the right during the Civil War met with strong opposition.
 
 
 

 

No Bill of Attainder or ex post facto Law shall be passed.   A bill of attainder is a legislative act declaring the guilt of an individual or a group of persons and punishing them.  Only the courts may determine whether one has violated a criminal statute.  An ex post facto law declares an act illegal after it has been committed, or increases the punishment for an offense already committed.
 
 
 

 

No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.

 

  Direct taxes are poll or “head” taxes and taxes on land.  The Supreme Court once held that income taxes were unconstitutional direct taxes, a result overturned by the 16th amendment.
No Tax or Duty shall be laid on Articles exported from any State.

 

  To prohibit discrimination against any states or regions, Congress cannot tax goods exported from a state to foreign countries or those that move between states.
No Preference shall be given by any Regulation of Commerce or Revenue to the Ports of one State over those of another; nor shall Vessels bound to, or from, one State, be obliged to enter, clear, or pay Duties in another.

 

  Congress cannot favor one state against another while regulating trade.
 
 
 

 

No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.

 

  The departments and agencies of the executive branch may not spend any money that Congress has not appropriated, or use federal money for any purpose that Congress has not specified.
 
 
 

 

No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.   This clause was designed to end the aristocratic tendencies that the American Revolution had been fought against.  Federal officials must turn over to the government all but minimal gifts from foreign nations.
 
 
 

 

Section 10

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.   These provisions protect national powers from state incursions.
No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing its inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Control of the Congress.   States may not interfere with the international trade of the United States.
No State shall, without the Consent of Congress, lay any Duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.   States cannot levy tonnage duties, which are taxes charged for the privilege of entering, trading in, or remaining in a port.  States may come together to work on common problems, such as pollution of a river passing through several states, but the agreements or compacts they reach are subject to congressional consent.
 
 
 

 

Article II

Section 1   Section 2   Section 3   Section 4

     
 
 

 

Section 1

     
 
 

 

The executive Power shall be vested in a President of the United States of America. He shall hold his Office during the Term of four Years, and, together with the Vice President, chosen for the same Term, be elected, as follows:   This clause provided the title of the chief executive and defined the term of office.  It says nothing about reelection. George Washington established a two-term tradition, which was not broken until Franklin D. Roosevelt won a third and fourth term. The 22nd amendment now limits presidents to two terms.
 
 
 

 

Each State shall appoint, in such Manner as the Legislature thereof may direct, a Number of Electors, equal to the whole Number of Senators and Representatives to which the State may be entitled in the Congress: but no Senator or Representative, or Person holding an Office of Trust or Profit under the United States, shall be appointed an Elector.   The Constitution established an electoral college as a compromise between direct popular election of the president and election by Congress. The method of selecting electors was left to the states.  Electors are now chosen by popular vote.
 
 
 

 

The Electors shall meet in their respective States, and vote by Ballot for two Persons, of whom one at least shall not be an Inhabitant of the same State with themselves. And they shall make a List of all the Persons voted for, and of the Number of Votes for each; which List they shall sign and certify, and transmit sealed to the Seat of the Government of the United States, directed to the President of the Senate. The President of the Senate shall, in the Presence of the Senate and House of Representatives, open all the Certificates, and the Votes shall then be counted. The Person having the greatest Number of Votes shall be the President, if such Number be a Majority of the whole Number of Electors appointed; and if there be more than one who have such Majority, and have an equal Number of Votes, then the House of Representatives shall immediately chuse by Ballot one of them for President; and if no Person have a Majority, then from the five highest on the List the said House shall in like Manner chuse the President. But in chusing the President, the Votes shall be taken by States, the Representatives from each State having one Vote; a quorum for this Purpose shall consist of a Member or Members from two thirds of the States, and a Majority of all the States shall be necessary to a Choice. In every Case, after the Choice of the President, the Person having the greatest Number of Votes of the Electors shall be the Vice President. But if there should remain two or more who have equal Votes, the Senate shall chuse from them by Ballot the Vice-President.   This clause was superseded by the 12th amendment, after the election of 1800 in which Thomas Jefferson and his running mate, Aaron Burr, received identical votes and both claimed the office. After many votes, the House of Representatives chose Jefferson, and soon thereafter the amendment was speedily approved.
 
 
 

 

The Congress may determine the Time of chusing the Electors, and the Day on which they shall give their Votes; which Day shall be the same throughout the United States.   Congress has enacted legislation requiring that presidential elections (the selection of electors) occur on the Tuesday following the first Monday in November every four years. Electors gather to vote on the Monday after the second Wednesday in December. The two houses of Congress convene to count the electoral ballots on the following January 6.
 
 
 

 

No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President; neither shall any person be eligible to that Office who shall not have attained to the Age of thirty five Years, and been fourteen Years a Resident within the United States.   This clause requires that in order to take the oath of office a president must be 35, a resident within the United States for 14 years, and a natural-born citizen. This last requirement raises the question of whether someone born to American parents outside of the United States would be eligible to hold the office.
 
 
 

 

In Case of the Removal of the President from Office, or of his Death, Resignation, or Inability to discharge the Powers and Duties of the said Office, the Same shall devolve on the Vice President, and the Congress may by Law provide for the Case of Removal, Death, Resignation or Inability, both of the President and Vice President, declaring what Officer shall then act as President, and such Officer shall act accordingly, until the Disability be removed, or a President shall be elected.   The 25th amendment superseded this clause regarding presidential disability, vacancy of the office, and methods of succession.
 
 
 

 

The President shall, at stated Times, receive for his Services, a Compensation, which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.   To preserve the president’s independence, Congress can neither raise nor lower the president’s salary during his term.  Nor can a president accept any other pay.
 
 
 

 

Before he enter on the Execution of his Office, he shall take the following Oath or Affirmation:—”I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.”   The Constitution prescribes the oath that presidents must take. By contrast, Congress by statute created the oath taken by other federal officials, including the vice president.
 
 
 

 

Section 2

     
 
 

 

The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States; he may require the Opinion, in writing, of the principal Officer in each of the executive Departments, upon any Subject relating to the Duties of their respective Offices, and he shall have Power to Grant Reprieves and Pardons for Offences against the United States, except in Cases of Impeachment.   As Commander in Chief, the president controls the military forces. Presidents have also cited this power as extending to their control of national and foreign policy in war and peacetime. Congress may not restrain the president’s power to pardon, except in impeachment cases.
 
 
 

 

He shall have Power, by and with the Advice and Consent of the Senate, to make Treaties, provided two thirds of the Senators present concur; and he shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the supreme Court, and all other Officers of the United States, whose Appointments are not herein otherwise provided for, and which shall be established by Law: but the Congress may by Law vest the Appointment of such inferior Officers, as they think proper, in the President alone, in the Courts of Law, or in the Heads of Departments.   The Constitution gives the Senate a share in foreign policy by requiring Senate consent, by a two-thirds vote, to any treaty before it may go into effect. The president may enter into “executive agreements” with other nations without the Senate’s consent, but if these involve more than minor matters they may prove controversial.

The president must also submit judicial and major executive branch nominations to the Senate for its advice and consent. The Constitution makes no provision for the removal of executive officers, which has remained largely at the discretion of the president.

 
 
 

 

The President shall have Power to fill up all Vacancies that may happen during the Recess of the Senate, by granting Commissions which shall expire at the End of their next Session.   When the Senate is not in session, and therefore unable to receive nominations, the president may make recess appointments. The Senate will then consider the nomination when it returns to session.
 
 
 

 

Section 3

     
 
 

 

He shall from time to time give to the Congress Information on the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient; he may, on extraordinary Occasions, convene both Houses, or either of them, and in Case of Disagreement between them, with Respect to the Time of Adjournment, he may adjourn them to such Time as he shall think proper; he shall receive Ambassadors and other public Ministers; he shall take Care that the Laws be faithfully executed, and shall Commission all the Officers of the United States.   The duty to deliver to Congress an annual address, known as the State of the Union message, is the basis of the president’s legislative leadership. Presidents have frequently summoned Congress into “extra” or “special” sessions, but they have never exercised the power to adjourn Congress. The law enforcement function has been a source of the president’s control over the executive branch, however the laws that the president is to execute are the laws that Congress passes, and those laws constrain as well as empower the chief executive.
 
 
 

 

Section 4

     
 
 

 

The President, Vice President and all Civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.   Impeachment is the ultimate power of Congress to deter and to punish abuse of power by officers of the executive and judicial branches. Federal judges constitute the greater number of impeached and convicted officers. President Andrew Johnson won acquittal by a single vote, and President Richard Nixon resigned before he could be impeached.  President Bill Clinton was impeached by the House and acquitted by the Senate.
 
 
 

 

Article III

Section 1   Section 2   Section 3

     
 
 

 

Section 1

     
 
 

 

The judicial Power of the United States, shall be vested in one supreme Court, and in such inferior Courts as the Congress may from time to time ordain and establish. The Judges, both of the supreme and inferior Courts, shall hold their Offices during good Behaviour, and shall, at stated Times, receive for their Services, a Compensation, which shall not be diminished during their Continuance in Office.   This clause identifies the third branch of our separated government, empowering the courts to decide cases and limiting them to the exercise of a certain kind of authority. The Constitution makes no mention of judicial review, the right of the Supreme Court to declare federal and state laws unconstitutional. The Court asserted this right in the case of Marbury v. Madison in 1803 and on more than 120 occasions since then. For the sake of independence, justices and judges are given life tenures, subject only to removal by impeachment, and a guarantee that their salaries cannot be reduced.
 
 
 

 

Section 2

     
 
 

 

The judicial Power shall extend to all Cases, in Law and Equity, arising under this Constitution, the Laws of the United States, and Treaties made, or which shall be made, under their Authority;—to all Cases affecting Ambassadors, other public ministers and Consuls;—to all Cases of admiralty and maritime Jurisdiction;—to Controversies to which the United States shall be a Party;—to Controversies between two or more States;—between a State and Citizens of another State;—between Citizens of different States;—between Citizens of the same State claiming Lands under Grants of different States, and between a State, or the Citizens thereof, and foreign States, Citizens or Subjects.   The use of  “cases” and “controversies” emphasizes the nature of the judicial power. These words encompass the concepts of adversity between parties, and require that litigants must have suffered injury sufficient to invoke the power of a federal court.
 
 
 

 

In all Cases affecting Ambassadors, other public Ministers and Consuls, and those in which a State shall be Party, the supreme Court shall have original Jurisdiction. In all the other Cases before mentioned, the supreme Court shall have appellate Jurisdiction, both as to Law and Fact, with such Exceptions, and under such Regulations as the Congress shall make.   Certain cases may be brought directly to the Supreme Court without having been heard by another court. Under statute, the Supreme Court also exercises appellate review, that is the right to review the decisions of a lower federal or state court.
 
 
 

 

The Trial of all Crimes, except in Cases of Impeachment, shall be by Jury; and such Trial shall be held in the State where the said Crimes shall have been committed; but when not committed within any State, the Trial shall be at such Place or Places as the Congress may by Law have directed.   Anyone accused of a crime has a right to a trial by jury, except in the case of impeachments. This right was further defined and strengthened by the 6th, 7th, 8th, and 9th amendments.
 
 
 

 

Section 3

     
 
 

 

Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court.

The Congress shall have Power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.

  This clause limits Congress’ ability to define treason or to set its punishment, as a means of preventing political “offenders” from being charged as traitors. At least two witnesses must testify in court that the defendant committed a treasonable act.
 
 
 

 

Article IV

Section 1   Section 2   Section 3   Section 4

     
 
 

 

Section 1

     
 
 

 

Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State. And the Congress may by general Laws prescribe the Manner in which such Acts, Records and Proceedings shall be proved, and the Effect thereof.   Each state is required to recognize the laws and records (such as licenses) of other states and to enforce rights in its own courts that would be enforced in other state courts.
 
 
 

 

Section 2

     
 
 

 

The Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.   States must treat the citizens of other states equally, without discrimination.
 
 
 

 

A Person charged in any State with Treason, Felony, or other Crime, who shall flee from Justice, and be found in another State, shall on Demand of the executive Authority of the State from which he fled, be delivered up, to be removed to the State having Jurisdiction of the Crime.   The governor of a state in which a fugitive is found must return the fugitive to the state demanding custody.
 
 
 

 

No Person held to Service or Labour in one State, under the Laws thereof, escaping into another, shall, in Consequence of any Law or Regulation therein, be discharged from such Service or Labour, but shall be delivered up on Claim of the Party to whom such Service or Labour may be due.   This clause, applicable to fleeing slaves, is now obsolete.
 
 
 

 

Section 3

     
 
 

 

 New States may be admitted by the Congress into this Union; but no new State shall be formed or erected within the Jurisdiction of any other State; nor any State be formed by the Junction of two or more States, or Parts of States, without the Consent of the Legislatures of the States concerned as well as of the Congress.   By acts of Congress, newly settled or newly acquired areas will be admitted as states on an equal status with those states already in the Union.
 
 
 

 

The Congress shall have Power to dispose of and make all needful Rules and Regulations respecting the Territory or other Property belonging to the United States; and nothing in this Constitution shall be so construed as to Prejudice any Claims of the United States, or of any particular State.   Congress has charge of the public lands within the states, which in the West constitutes an enormous amount of land. Congress also governs acquired territories, which today include Puerto Rico, the Virgin Islands, Guam, and American Samoa.
 
 
 
 
 

 

Section 4

     
 
 

 

The United States shall guarantee to every State in this Union a Republican Form of Government, and shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence.   Under this provision, Congress has authorized presidents to send federal troops into a state to guarantee law and order.
 
 
 

 

Article V

The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on the Application of the Legislatures of two thirds of the several States, shall call a Convention for proposing Amendments, which, in either Case, shall be valid to all Intents and Purposes, as Part of this Constitution, when ratified by the Legislatures of three fourths of the several States, or by Conventions in three fourths thereof, as the one or the other Mode of Ratification may be proposed by the Congress; Provided that no Amendment which may be made prior to the Year One thousand eight hundred and eight shall in any Manner affect the first and fourth Clauses in the Ninth Section of the first Article; and that no State, without its Consent, shall be deprived of its equal Suffrage in the Senate.   The Constitution may be amended in two ways. The standard device, used for all amendments so far, is for both houses of Congress to pass by two-thirds vote a proposal, which they send to the states for ratification, either by state legislatures or by conventions within the states. An amendment is ratified when three-fourths of the states approve. The Constitution also authorizes a national convention, when two-thirds of the states petition Congress for such a convention, to propose amendments, which would also have to be ratified by three-quarters of the states.
 
 
 

 

Article VI

All Debts contracted and Engagements entered into, before the Adoption of this Constitution, shall be as valid against the United States under this Constitution, as under the Confederation.

This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any state to the Contrary notwithstanding.

The Senators and Representatives before mentioned, and the Members of the several State Legislatures, and all executive and judicial Officers, both of the United States and of the several States, shall be bound by Oath or Affirmation, to support this Constitution; but no religious Test shall ever be required as a Qualification to any Office or public Trust under the United States.

  The new federal government assumed the financial obligations of the old government under the Articles of Confederation.

The “supremacy clause” is the most important guarantor of national union.  It assures that the Constitution and federal laws and treaties take precedence over state law and binds all judges to adhere to that principle in their courts.

State and federal officials, whether legislative, executive, or judicial, must take an oath to uphold and defend the Constitution.  No religious test, either an avowal or a repudiation of any religious belief, shall ever be required of any public officeholder in the United States.

 
 
 
 
 
 

 

Article VII

The Ratification of the Conventions of nine States, shall be sufficient for the Establishment of this Constitution between the States so ratifying the Same.   The Constitutional Convention met under the Government of the Articles of Confederation, which required unanimous assent of all 13 states to change any provisions of the Articles. Nevertheless, the Constitution mandated that the new government would go into effect when nine of the 13 states acted affirmatively.
 
 
 

 

 
 

 

AMENDMENTS

Amendment I (1791)   Amendment II (1791)

Amendment III (1791)   Amendment IV (1791)

Amendment V (1791)   Amendment VI (1791)

Amendment VII (1791)   Amendment VIII (1791)

Amendment IX (1791)   Amendment X (1791)

Amendment XI (1798)   Amendment XII (1804)

Amendment XIII (1865)   Amendment XIV (1868)

Amendment XV (1870)   Amendment XVI (1913)

Amendment XVII (1913)   Amendment XVIII (1919)

Amendment XIX (1920)   Amendment XX (1933)

Amendment XXI (1933)   Amendment XXII (1951)

Amendment XXIII (1961)   Amendment XXIV (1964)

Amendment XXV (1967)   Amendment XXVI (1971)

Amendment XXVII (1992)

     
 
 

 

Amendment I (1791)

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.   The first ten amendments comprise the Bill of Rights. The first amendment protects religious freedom by prohibiting the establishment of an official or exclusive church or sect. Free speech and free press are protected, although they can be limited for reasons of defamation, obscenity, and certain forms of state censorship, especially during wartime. The freedom of assembly and petition also covers marching, picketing and pamphleteering.
 
 
 

 

Amendment II (1791)

A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.   Whether this provision protects the individual’s right to own firearms or whether it deals only with the collective right of the people to arm and maintain a militia has long been debated.
 
 
 

 

Amendment III (1791)

No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war, but in a manner to be prescribed by law.   This virtually obsolete provision was in response to anger over the British military practice of quartering soldiers in colonists’ homes.
 
 
 

 

Amendment IV (1791)

The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.   Applying to arrests and to searches of persons, homes, and other private places, this amendment requires a warrant, thereby placing a neutral magistrate between the police and the citizen.
 
 
 

 

Amendment V (1791)

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or naval forces, or in the Militia, when in actual service in time of War or public danger; nor shall any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.   Indictment by a grand jury requires the decision of ordinary citizens to place one in danger of conviction. Double jeopardy means that when one has been convicted or acquitted, the government cannot place that person on trial again. The self-incrimination clause means that the prosecution must establish guilt by independent evidence and not by extorting a confession from the suspect, although voluntary confessions are not precluded.  Due process of the law requires the government to observe proper and traditional methods in depriving one of an important right. Finally, when the government seizes property to use in the public interest, it must pay the owner fair value.
 
 
 

 

Amendment VI (1791)

In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the State and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the Assistance of Counsel for his defence.   Defendants in criminal cases are entitled to public trials that follow relatively soon after initiation of the charges. Witnesses must be brought to the trial to testify before the defendant, judge, and jury. Defendants are also entitled to compel witnesses on their behalf to appear and testify.
 
 
 

 

Amendment VII (1791)

In Suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law.   Mistrustful of judges, the people insisted on the right to jury trial in civil cases. The minimum level, $20, is so low today that it would burden the federal judiciary, so various devices have been developed to permit alternative resolution of disputes.
 
 
 

 

Amendment VIII (1791)

Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.   Neither bail nor punishment for a crime are to be unreasonably severe. The “cruel and unusual punishments” clause has been the basis for challenges to the death penalty.
 
 
 

 

Amendment IX (1791)

The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.   Failure of the Constitution to mention a specific right does not mean that the government can abridge that right, but its protection has to be found elsewhere.
 
 
 

 

Amendment X (1791)

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.   The federal government is the recipient of constitutionally delegated powers.  What is not delegated remains in the states or in the people.
 
 
 

 

Amendment XI (1798)

The Judicial power of the United States shall not be construed to extend to any suit in law or equity, commenced or prosecuted against one of the United States by Citizens of another State, or by Citizens or Subjects of any Foreign State.   When the Supreme Court held in the 1793 case Chisholm v. Georgia that a state could be sued in federal court under Article III of the Constitution, this amendment was rapidly adopted.  It provided that states could only be sued in state courts.
 
 
 

 

Amendment XII (1804)

The Electors shall meet in their respective states and vote by ballot for President and Vice-President, one of whom, at least, shall not be an inhabitant of the same state with themselves; they shall name in their ballots the person voted for as President, and in distinct ballots the person voted for as Vice-President, and they shall make distinct lists of all persons voted for as President, and of all persons voted for as Vice-President, and of the number of votes for each, which lists they shall sign and certify, and transmit sealed to the seat of the government of the United States, directed to the President of the Senate;—The President of the Senate shall, in the presence of the Senate and House of Representatives, open all the certificates and the votes shall then be counted;—The person having the greatest Number of votes for President, shall be the President, if such number be a majority of the whole number of Electors appointed; and if no person have such majority, then from the persons having the highest numbers not exceeding three on the list of those voted for as President, the House of Representatives shall choose immediately, by ballot, the President. But in choosing the President, the votes shall be taken by states, the representation from each state having one vote; a quorum for this purpose shall consist of a member or members from two-thirds of the states, and a majority of all the states shall be necessary to a choice. And if the House of Representatives shall not choose a President whenever the right of choice shall devolve upon them, before the fourth day of March next following, then the Vice-President shall act as President, as in the case of the death or other constitutional disability of the President—The person having the greatest number of votes as Vice-President, shall be the Vice-President, if such number be a majority of the whole number of Electors appointed, and if no person have a majority, then from the two highest numbers on the list, the Senate shall choose the Vice-President; a quorum for the purpose shall consist of two-thirds of the whole number of Senators, and a majority of the whole number shall be necessary to a choice. But no person constitutionally ineligible to the office of President shall be eligible to that of Vice-President of the United States.   After the disputed election of 1800, this amendment required separate designation of presidential and vice presidential candidates, each of whom must meet the same qualifications for eligibility as the president.
 
 
 

 

Amendment XIII (1865)

Section 1. Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.

Section 2. Congress shall have power to enforce this article by appropriate legislation.

  President Lincoln’s Emancipation Proclamation did not apply to slavery in the states that had not seceded. To abolish slavery entirely, Congress proposed this amendment, which also gave Congress specific authority to enforce the amendment by legislation. Under these provisions, Congress has legislated against slavery-like conditions, such as peonage.
 
 
 

 

Amendment XIV (1868)

Section 1. All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

Section 2. Representatives shall be apportioned among the several States according to their respective numbers, counting the whole number of persons in each State, excluding Indians not taxed. But when the right to vote at any election for the choice of electors for President and Vice President of the United States, Representatives in Congress, the Executive and Judicial officers of a State, or the members of the Legislature thereof, is denied to any of the male inhabitants of such State, being twenty-one years of age, and citizens of the United States, or in any way abridged, except for participation in rebellion, or other crime, the basis of representation therein shall be reduced in the proportion which the number of such male citizens shall bear to the whole number of male citizens twenty-one years of age in such State.

Section 3. No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.

Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Section 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article.

  In the Dred Scott decision of 1857, the Supreme Court had said that African-Americans were not citizens. This amendment declared that every person born or naturalized in the U.S. was a citizen. The amendment’s “due process” clause has had enormous constitutional importance, since the Supreme Court has used it to apply most of the Bill of Rights to the states. The amendment also establishes that all citizens are entitled to “equal protection of the laws,” the provision which the Supreme Court cited in Brown v. Board of Education in 1954, ruling school segregation unconstitutional.
 
 
 

 

Amendment XV (1870)

Section 1. The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of race, color, or previous condition of servitude.

Section 2. The Congress shall have power to enforce this article by appropriate legislation.

  This amendment was designed to protect the right of African-Americans to vote and has served as the foundation for such legislation as the Voting Rights Act of 1965.
 
 
 

 

Amendment XVI (1913)

The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.   In 1895 the Supreme Court had declared a federal income tax law unconstitutional. This amendment reversed that decision and authorized a tax on income.
 
 
 

 

Amendment XVII (1913)

The Senate of the United States shall be composed of two Senators from each State, elected by the people thereof, for six years; and each Senator shall have one vote. The electors in each State shall have the qualifications requisite for electors of the most numerous branch of the State legislatures.

When vacancies happen in the representation of any State in the Senate, the executive authority of such State shall issue writs of election to fill such vacancies: Provided, That the legislature of any State may empower the executive thereof to make temporary appointments until the people fill the vacancies by election as the legislature may direct.

This amendment shall not be so construed as to affect the election or term of any Senator chosen before it becomes valid as part of the Constitution.

  The original system of having state legislatures elect U.S. senators began to break down with the growth of political parties in the mid-19th century.  Disagreements between and within parties produced deadlocks that delayed state legislative business and left states without their full Senate representation, often for lengthy periods. This amendment provides for senators to be elected the way members of the House are—by direct election of the people.
 
 
 

 

Amendment XVIII (1919)

Section 1. After one year from the ratification of this article the manufacture, sale, or transportation of intoxicating liquors within, the importation thereof into, or the exportation thereof from the United States and all territory subject to the jurisdiction thereof for beverage purposes is hereby prohibited.

Section 2. The Congress and the several States shall have concurrent power to enforce this article by appropriate legislation.

Section 3. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of the several States, as provided in the Constitution, within seven years from the date of the submission hereof to the States by the Congress.

  The “noble experiment” of Prohibition was instituted by this amendment, only to be repealed 14 years later by the 21st amendment.
 
 
 

 

Amendment XIX (1920)

The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of sex.

Congress shall have power to enforce this article by appropriate legislation.

  The Constitution has never prohibited women from voting and for many years before the adoption of this amendment women did vote in several states. The 19th amendment established a uniform rule for all states to follow in guaranteeing women this right.
 
 
 

 

Amendment XX (1933)

Section 1. The terms of the President and Vice President shall end at noon on the 20th day of January, and the terms of Senators and Representatives at noon on the 3d day of January, of the years in which such terms would have ended if this article had not been ratified; and the terms of their successors shall then begin.

Section 2. The Congress shall assemble at least once in every year, and such meeting shall begin at noon on the 3d day of January, unless they shall by law appoint a different day.

Section 3. If, at the time fixed for the beginning of the term of the President, the President elect shall have died, the Vice President elect shall become President. If a President shall not have been chosen before the time fixed for the beginning of his term, or if the President elect shall have failed to qualify, then the Vice President elect shall act as President until a President shall have qualified; and the Congress may by law provide for the case wherein neither a President elect nor a Vice President elect shall have qualified, declaring who shall then act as President, or the manner in which one who is to act shall be selected, and such person shall act accordingly until a President or Vice President shall have qualified.

Section 4. The Congress may by law provide for the case of the death of any of the persons from whom the House of Representatives may choose a President whenever the right of choice shall have devolved upon them, and for the case of the death of any of the persons from whom the Senate may choose a Vice President whenever the right of choice shall have devolved upon them.

Section 5. Sections 1 and 2 shall take effect on the 15th day of October following the ratification of this article.

Section 6. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several States within seven years from the date of its submission.

  This so-called “Lame-Duck” amendment reduced the previous four-month period between the November elections and the March 4 starting date of congressional and presidential terms. This ended the custom, when both terms expired on the same day, that required outgoing presidents to sit outside the Senate chamber waiting to sign last-minute legislation. Also, under this amendment, if a presidential election were thrown into the House of Representatives following a deadlock in the January 6 counting of electoral ballots, that decision would be made by a newly elected House rather than one set to go out of existence on March 4.
 
 
 

 

Amendment XXI (1933)

Section 1. The eighteenth article of amendment to the Constitution of the United States is hereby repealed.

Section 2.  The transportation or importation into any State, Territory, or possession of the United States for delivery or use therein of intoxicating liquors, in violation of the laws thereof, is hereby prohibited.

Section 3.  This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by conventions in the several States, as provided in the Constitution, within seven years from the date of the submission hereof to the States by the Congress.

  In repealing Prohibition, this was the only amendment that the states ratified by conventions rather than by legislatures.
 
 
 

 

Amendment XXII (1951)

Section 1. No person shall be elected to the office of the President more than twice, and no person who has held the office of President, or acted as President, for more than two years of a term to which some other person was elected President shall be elected to the office of the President more than once. But this Article shall not apply to any person holding the office of President, when this Article was proposed by the Congress, and shall not prevent any person who may be holding the office of President, or acting as President, during the term within which this Article becomes operative from holding the office of President or acting as President during the remainder of such term.

Section 2. This article shall be inoperative unless it shall have been ratified as an amendment to the Constitution by the legislatures of three-fourths of the several States within seven years from the date of its submission to the States by the Congress.

  George Washington established the custom of presidents serving no longer than two terms. Following Franklin D. Roosevelt’s election to third and fourth terms, this amendment set a future limit at two terms.
 
 
 

 

Amendment XXIII (1961)

Section 1. The District constituting the seat of Government of the United States shall appoint in such manner as the Congress may direct:

A number of electors of President and Vice President equal to the whole number of Senators and Representatives in Congress to which the District would be entitled if it were a State, but in no event more than the least populous State; they shall be in addition to those appointed by the States, but they shall be considered, for the purposes of the election of President and Vice President, to be electors appointed by a State; and they shall meet in the District and perform such duties as provided by the twelfth article of amendment.

Section 2. The Congress shall have power to enforce this article by appropriate legislation.

  In authorizing the creation of a federal district as seat of government, the Framers made no provision for the suffrage rights of persons who resided there. This amendment for the first time, effective with the 1964 election, gave District of Columbia residents the opportunity to vote for three presidential electors.
 
 
 

 

Amendment XXIV (1964)

Section 1. The right of citizens of the United States to vote in any primary or other election for President or Vice President for electors for President or Vice President, or for Senator or Representative in Congress, shall not be denied or abridged by the United States or any State by reason of failure to pay any poll tax or other tax.

Section 2. The Congress shall have power to enforce this article by appropriate legislation.

  The poll tax was the last surviving instance of a property qualification for the suffrage, and it was in effect, at the time of the adoption of this amendment, in only five States. The amendment was offered as a removal of another obstacle to the right to vote.
 
 
 

 

Amendment XXV (1967)

Section 1. In case of the removal of the President from office or of his death or resignation, the Vice President shall become President.

Section 2. Whenever there is a vacancy in the office of the Vice President, the President shall nominate a Vice President who shall take office upon confirmation by a majority vote of both Houses of Congress.

Section 3. Whenever the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the Vice President as Acting President.

Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.

Thereafter, when the President transmits to the President pro tempore of the Senate and the Speaker of the House of Representatives his written declaration that no inability exists, he shall resume the powers and duties of his office unless the Vice President and a majority of either the principal officers of the executive department or of such other body as Congress may by law provide, transmit within four days to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office. Thereupon Congress shall decide the issue, assembling within forty-eight hours for that purpose if not in session. If the Congress, within twenty-one days after receipt of the latter written declaration, or, if Congress is not in session, within twenty-one days after Congress is required to assemble, determines by two-thirds vote of both Houses that the President is unable to discharge the powers and duties of his office, the Vice President shall continue to discharge the same as Acting President; otherwise, the President shall resume the powers and duties of his office.

  This amendment clarifies the Constitution’s previously ambiguous language about presidential succession, explicitly confirming the long-standing custom that when a president dies in office the vice president becomes president, rather than acts as president.

If the vice presidency becomes vacant, the president may nominate a new vice president, subject to the confirmation of both the House and Senate.  The amendment also provides procedures for replacing a president who becomes incapacitated.

 
 
 

 

Amendment XXVI (1971)

Section 1. The right of citizens of the United States, who are eighteen years of age or older, to vote shall not be denied or abridged by the United States or by any State on account of age.

Section 2. The Congress shall have power to enforce this article by appropriate legislation.

  During the Vietnam War, this amendment lowered the voting age in federal and state elections to 18, the same age at which young men could be drafted for military service.
 
 
 

 

Amendment XXVII (1992)

No law varying the compensation for the services of the Senators and Representatives shall take effect, until an election of Representatives shall have intervened.   More than two hundred years after it was proposed as part of the original Bill of Rights, this amendment prohibited members of Congress from receiving an increase in salary until after the next election had been held.
 
 

S.PUB.103-21 Prepared by the Office of the Secretary of the Senate with the assistance of Johnny H. Killian of the Library of Congress.

 

CRUMMY USA DOLLAR KILLERS ARE READY TO MOVE!

THE NIGHTMARE IS HERE!

546252_10150626504920773_959362253_n

The plans are almost complete for the destruction of the American monetary system!

THIS IS CRITICAL INFORMATION!!!

62942_471919739522034_1498899530_n

IF YOU WANT TO SURVIVE WHAT IS COMING YOU HAVE TO PREPARE – NOW!

http://canadafreepress.com/index.php/article/54163

 Intelligence insider: Obama administration agenda to “kill U.S Dollar”

Is there any defensible scenario for this administration to want to “kill the dollar?”

Intelligence insider: Obama administration agenda to “kill U.S Dollar”

photo_12 

Doug Hagmann (Bio and Archives)  Monday, April 1, 2013

This week, I had a series of very sobering discussions with my highly-placed source within the intelligence world. The information he provided hit me like a proverbial tons of bricks. It connects everything we are seeing play out across the world, from the economic problems in Europe to the U.S. DHS ammunition acquisition orders and even the “gun control” debate. If you’re like me, you’re looking for clarity, context and focus with regard to all of the events we’re constantly hearing about but seem to lack legitimate explanation. I believe this report will provide the context and clarity we are all seeking, but I must warn you that the picture is not pretty.
Some might be surprised to learn that the fate of America’s economy has already been determined, verified and announced by the Obama White House. Yet, it has received scant attention from the corporate media. In 2011, economist Kyle Bass interviewed a senior member of the Obama administration about its planned solutions for fixing the US economy and trade deficit[ia].The economic agenda: In plain sight

Among the questions he asked was about U.S. exports and wages, but the question itself was not nearly as important as the response he received from this senior administration official. In fact, this single, seven word response clarifies everything, explains everything, and leaves little else to discuss: “We’re just going to kill the dollar.”

There it is, the entire agenda in one short sentence. It explains everything we’ve been seeing domestically and globally. That one statement makes every other question irrelevant, or otherwise answers all economic questions and explains everything. Nothing else matters. I urge you to ponder that statement and all that it implies. Doing so will provide you with the clarity to understand not only what is taking place today, but what is yet to come.

Murder & High Treason

It is important to note the specificity of the word “kill.” Stated in the active voice, it means an unambiguously intentional and deliberate act. The murder of our national currency, the United States Dollar (USD), is the ultimate agenda to be implemented under Obama. To “kill” our national currency will subvert the United States and destroy it from within. This begs a number of questions, including what type of Americans would actually have, as their objective, the destruction of our national currency? To whom do they hold their allegiance, if not to the American people whose life’s work as well as the toil of our ancestors is represented in the form of wealth held in U.S. dollars? Does this make any sense to us, as Americans? The answer of course is “no.”

By its very definition, to kill our national currency is an act of high treason by those engaged in this activity. It undermines the very sovereignty and survival of our nation, and will have a life-changing impact on every citizen in the U.S. It will also impact every nation and the people of every nation on the planet, as the USD is presently the world’s reserve currency. It is an act that should result in the filing of criminal charges against the conspirators, a trial of their peers and if convicted, a death sentence. It’s that serious.

According to my source, we are past the point of no return. We will not be able to stop what is coming, but must be wise enough to prepare and “get out of the way.” The murder plot involving the death of the dollar did not begin with Obama, but he and other conspirators have accelerated the plans, plots and schemes for its demise.

The ultimate objective

The ultimate objective is to implement an international currency in tandem with a system of global governance. The problem is that most people are not thinking large enough, nor do they understand the magnitude of the lie. They are not seeing the larger picture as their focus is diverted elsewhere. For example, they focus on various tentacles of the octopus such as the gun confiscation initiative, the DHS armament acquisitions and economic woes as independent and unrelated events. They are not.

Meanwhile, others continue to adhere to, or even perpetuate the dual party meme of governance, holding dearly to the notion that there is a practical difference between the Republican and Democrat parties. Have we not seen sufficient evidence that they are now of one party acting in concert with each other? They cannot see the collusion and backroom deals, and continue to hope that the next election will finally change the unchangeable continuity of agenda.

Most of the elected officials are onboard with the subjugation of the United States to a global system of governance. Some are actively facilitating this agenda, while others are making nominal objections on the stage of political theater while hoping to earn a seat at the global table. It’s entertainment for the globalists, distraction of the masses, and diversionary fodder for the talking heads in the media.

America has become a captured operation – captured from within. Think of the Vichy French, internal collaboration with the enemy, or softening the ground for a full takeover from within. The takeover of America has already happened, the collaborators have already been installed, and we are now on a path to complete subjugation of a larger global system of governance. If you continue to doubt this, how else would you explain the numerous examples of our dual-party governmental acquiescence of self destruction?

“Signs, signs, everywhere signs…”

Those who are pleased about the new record setting stock-market highs and various other manipulated statistics that indicate our economy is improving will be the most vocal critics of this report and who will attempt to discredit the validity of the information offered here. The more intellectually astute will look beyond the statistics offered for mass consumption not only to identify the deliberately manipulated data, but to understand what is actually driving these false hopes, figures and data. It is a magic show, and many are still captivated by the magicians’ many diversions, failing to realize that we are engaged in a global war while being simultaneously hobbled by enemy infiltrators from within.

One reason we are seeing new stock market highs is the rush to the dollar from other currencies, especially in the Eurozone. Another reason is the monetization of our debt by the Federal Reserve, despite the previous denials of Ben Bernanke and others.

Simply put, the plan by the globalists, or the central bankers and those behind them, is to create this rush to the USD like passengers from sinking ships to lifeboats. Once the lifeboats are filled to capacity, they will be sunk, and the United States Dollar will be completely worthless. As in such a scenario, many will not make it. Many will die from what is coming. The level of evil behind this plan is incomprehensible to the normal human mind.

Russia, China, Syria and Iran

As I detailed in my multiple reports about Benghazi, we are at war with Russia. After removing Qaddafi from power in Libya, the Obama-Clinton black-ops plan was immediately put into action. Benghazi was the logistics hub for arming the anti-Assad terrorists by our own State Department covert operatives who were shipping millions of tons of weapons to Syria via Turkey and other staging areas. Russia was aware of our actions, and through the attack at the CIA operations center in Benghazi by proxy forces, exposed this operation to the world while putting a stop to this operation. It seems that everyone except the Western media reported what had taken place.

The “dirty little secret” that explains why we have not been told the truth about Benghazi is quite simple. The efforts to overthrow Assad from power are continuing, except the arms and munitions shipments are now originating primarily from Croatia. Overthrowing Assad would pose a direct threat to Russia, both militarily and economically. Are we to expect Russia’s Putin to simply accept this without response? No. So what is Russia doing to subvert our efforts? He is waging war against America, striking at the weak underbelly of our economy which is the “oil backed” dollar as identified in Michael Reagan’s article, Building on a Kernel of Truth.

Sadly, the Obama regime is doing nothing to protect us from this asymmetrical war. It’s as if they are allowing it to take place.

Although it was reported in The New York Times, few have paid attention to last week’s meeting between Chinese President Xi Jinping and Russian President Vladimir Putin in Moscow, but it was an extremely important event in terms of the planned murder of the U.S. dollar. An alliance is being forged between Russia and China to replace the USD as the reserve currency, already severely weakened by the policies of those in power, with a gold backed currency. Russia and China are hoarding gold to levels never before seen, while the U.S. issues worthless paper and digital currency backed by… nothing, save for the “oil-backed” scenario.

While reports do exist that cite the hoarding of gold by China and Russia, they are purposely under reporting their collective reserves. Meanwhile, Americans can’t even get honest answers to the amounts of our own gold reserves held in Fort Knox or the Federal Reserve. Don’t people find this reluctance for audit and inspection a bit curious if not outright suspicious?

The battle is being waged not only by military might but by a currency war. We are “being played” through our military involvement in the Middle East, including our covert operations against Syria at the behest of Saudi Arabia. Unlike Iraq, the war in Syria will explode, turn hot, and we will be engaged in an ominous battle that will quickly expand and turn deadly. Weakened militarily through the policies of the Obama regime, coupled with an already weakened economy, the U.S. will suffer consequences unlike anyone might imagine or is willing to address. It is a recipe for disaster planned and initiated by the global elite behind the central banking system, including those in our own government. We have been set up from within, lied to, and now, we are about to see exactly what this globalist system has in store for not only the United States, but every nation of the world.

It is critical to understand that the take-down of the U.S. will be the result of an asymmetrical war that includes the weakening of our military, our economy, and a direct assault on our ability to keep the dollar as the world reserve currency and protect the free flow of oil and energy to the United States.

Within the last week, China held a surprise naval exercise in the South China Sea. Meanwhile, Russia displayed their resurgent military night in the Black Sea. These exercises were conducted as U.S. military forces are spread thinly across many areas in the world. Is anyone paying attention here?

Just as certain a collapse of the dollar is coming, so will be chaos on the streets of America caused by this plan “to kill the dollar.” The central bankers and the leaders selected to govern each country have effectively used the Hegelian Dialectic[ii] to implement their agenda. Just as stated by George H.W. Bush on September 11, 1990, their predetermined solution of a “New World Order” is being formed before our very eyes. They’ve told us what they are doing, but we have chosen not to listen or failed to understand what was being said.

The U.S. has always been the firewall against the globalists. By their persistence, infiltration of global elitists into our government, and covert subversion from within, we are being led to slaughter. A view from space, looking at the larger picture of events for which many have questions, a clearer picture emerges. There will be some who dare to resist the pillaging of our bank accounts, the erosion of our rights, and the enslavement that comes with the dismantling of America.

The dust clouds visible on the far horizon that watchmen have been reporting for decades can now be seen as an attacking army of barbarians, whose fighters are now on the ladders and cannons are breaching our empire’s outer walls. Who knows how long the inner walls of our empire will survive the next wave of their coming attack.

Perhaps Ernest Hemmingway said it best in referencing John Donne from his novel of the same name… “And therefore never send to know for whom the bell tolls; It tolls for thee.”
[ia] http://www.youtube.com/watch?v=5V3kpKzd-Yw&feature=youtu.be

[ii] http://www.crossroad.to/articles2/05/dialectic.htm

(37) Comments

Copyright © Douglas Hagmann
Douglas J. Hagmann and his son, Joe Hagmann host
The Hagmann & Hagmann Report, a live Internet radio program broadcast each weeknight from 8:00-10:00 p.m. ET.

Douglas Hagmann, founder & director of the Northeast Intelligence Network, and a multi-state licensed private investigative agency. Doug began using his investigative skills and training to fight terrorism and increase public awareness through his website.

Doug can be reached at: director@homelandsecurityus.com

Older articles by Doug Hagmann

If this information did not scare you into preparedness – 

528553_3559963296354_1943018002_n

You need to read it all again!

181093_526563634048544_2096977573_n

We have been at the mercy of Congress for many years –

the two party system is a sham for our benefit –

to keep the illusion alive that things are normal –

nothing to worry about!

Just remember this –

893201_495948297119178_2018201764_o crop

Now go and get prepared to survive!

CRUMMY GLOBAL CURRENCY WARS ARE HEATING UP!

UPDATE – April 13, 2013

tps://www.thetrumpet.com/article/10520.19.0.0/economy/australia-to-abandon-the-us-dollar

the TRUMPET.com

    columnist_article_robert-morley

51663318!h.300,id.8993,m.fill,w.540

Chinese Premier Li Keqiang (left) accompanies Australian Prime Minister Julia Gillard to view an honor guard during a welcoming ceremony outside the Great Hall of the People on April 9 in Beijing, China. Prime Minister Gillard announced during the visit that Australia would start using the Chinese yuan for trade with China. (Feng Li/Getty Images)

Australia to Abandon the U.S. Dollar

April 11, 2013  •  From theTrumpet.com Australia chooses a side in the global currency war. More by this author

Related subjects

More economy

Recently featured

Australia’s announcement that it is abandoning the U.S. dollar for trade with China is the latest broadside in the global currency war. Starting April 10, Australia and China will no longer use the U.S. dollar for trade between the two nations. For the first time, Australian businesses will be able to conduct trade in Chinese yuan. No more need for U.S. dollar intermediation. This is a significant announcement and key development for China as it continues its campaign to internationalize the yuan and chip away at the dollar’s role as the world’s reserve currency. Australian Prime Minister Julia Gillard made the announcement during an official visit to Shanghai on Monday. She noted that China is now Australia’s biggest trading partner and that the direct currency trading would be a “huge advantage for Australia.” She called the currency accord a “strategic step forward for Australia as we add to our economic engagement with China.” According to HSBC bank, more than 40 percent of small and medium-size Australian businesses that trade with China plan to offer quotes for goods and services in yuan. No longer will Chinese customers need U.S. dollars before purchasing Australian goods. For China, this is a big accomplishment as it works toward its goal of having about a third of its foreign trade settled in yuan by 2015. But for the U.S. dollar, it is more like the treatment the U.S. Eighth Army got at Chosin Reservoir in Korea. This Australia-China currency pact isn’t the only whipping the dollar has taken lately either. On March 26, China and Brazil agreed to cut out the U.S. dollar for approximately half of their trade. Some $30 billion worth of commerce per year will now be conducted in yuan and reals. Brazilian Economy Minister Guido Mantega said the trade and currency agreement would act as a buffer against any unexpected dollar turbulence in the international financial markets. Less than a week later, China announced its participation in the joint BRICS bank initiative. Brazil, Russia, India, China and South Africa announced the creation of a new development bank that some analysts say has the potential to rival the U.S.-dominated World Bank and European-influenced International Monetary Fund. “Most people assume that the current economic crisis has led to a great strengthening of the power of the World Bank and the IMF, and that this power is largely uncontested,” notes Prof. Geoffrey Wood, who teaches at Warwick Business School. “The proposed BRICS development bank represents an important new development that potentially further circumscribes the influence of these bodies.” America’s other major ally in the Pacific announced last year that it would be curtailing its use of the dollar too. In June, Japan and China began cutting out the dollar in bilateral trade. The initiative was announced as part of a broad agreement to reinforce financial ties between the world’s third- and fourth-largest economies. Similar dollar exclusion deals have been announced by Russia and China, Russia and Iran, India and Iran, and India and Japan. “[T]he free lunch the U.S. has enjoyed ever since the advent of the U.S. dollar as world reserve currency may be coming to an end,” writes popular financial blog ZeroHedge. “And since there is no such thing as a free lunch, all the deferred pain the U.S. Treasury Department has been able to offset thanks to its global currency monopoly status will come crashing down the second the world starts getting doubts about the true nature of just who the real reserve currency will be in the future. As more nations challenge the dollar’s position as reserve currency it will greatly impact living standards in America. Interest rates will skyrocket. The government will be forced to resort to full-scale money printing to finance its debt. Credit and loans will become unaffordable, collapsing much of America’s consumer economy. Monetary inflation will shoot through the roof destroying the value of people’s savings. And higher levels of unemployment will become a way of life. By jumping ship and swimming to China, Australia may think it will mitigate the worst of the looming dollar war. But eking out strategic partnerships with China comes with a whole set of other risks that are just as deadly.

2 views both the same

To put it in polite language – “WE ARE IN DEEP DOO DOO!

The fiscal tsunami is rolling and no one is paying any attention! Attention has been diverted away by the shenanigans of our elected officials! They can not be called our representatives, because they only represent themselves and their own pocketbooks! Therefore it is up to us to protect ourselves!

 

NOT LONG AGO THE AMERICAN DOLLAR

WAS THE CURRENCY OF CHOISE

FOR THE WHOLE WORLD!

THINGS CONTINUE TO EVOLVE

AWAY FROM THE USA DOLLAR AS THE WORLD STANDARD!

Untitled 8ad

This will have a huge impact on your checkbook! The American dollar looses value each month the feds continue to print $40 Billion dollars – based on nothing other than desire to continue to SPEND! SPEND SPEND! No country or empire, has been able to avoid the consequences of irresponsible spending for long. The time comes and it is fast approaching, where one has to pay the piper (pay the bills in the vernacular)! The other financial tsunami heading our way is the derivatives market – which all the big banks are invested in – it is another ponzi scheme – based on nothing! When that crashes, there isn’t enough money in all the world’s savings account to cover the staggering amount of paper wealth that will vanish!

37973

And so, we too shall fall …

http://www.zerohedge.com/news/2013-03-31/thanks-world-reserve-currency-no-thanks-australia-and-china-enable-direct-currency-c#.UVn2ezjLkf0.facebook

Thanks, World Reserve Currency, But No Thanks: Australia And China To Enable Direct Currency Convertibility

picture-5 Submitted by Tyler Durden on 03/31/2013 12:46 -0400

A month ago we pointed out that as a result of Australia’s unprecedented reliance on China as a target export market, accounting for nearly 30% of all Australian exports (with the flipside being just as true, as Australia now is the fifth-biggest source of Chinese imports), the two countries may as well be joined at the hip. Australia China exports_0 Over the weekend, Australia appears to have come to the same conclusion, with the Australian reporting that the land down under is set to say goodbye to the world’s “reserve currency” in its trade dealings with the world’s biggest marginal economic power, China, and will enable the direct convertibility of the Australian dollar into Chinese yuan, without US Dollar intermediation, in the process “slashing costs for thousands of business” and also confirming speculation that China is fully intent on, little by little, chipping away at the dollar’s reserve currency status until one day it no longer is. That said, this latest development in global currency relations should come as no surprise to those who have followed our series on China’s slow but certain  internationalization of its currency over the past two years. To wit: “World’s Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade“, “China, Russia Drop Dollar In Bilateral Trade“, “China And Iran To Bypass Dollar, Plan Oil Barter System“, “India and Japan sign new $15bn currency swap agreement“, “Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says“, “India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees“, and “The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap.” And while previously the focus was on Chinese currency swap arrangements, the uniqueness of this weekend’s news is that it promotes outright convertibility of the Yuan: something China has long said would happen but many were skeptical it ever would. That is no longer the case, and with Australia setting the precedent, expect many more Asian countries (at first) to follow in Australia’s footsteps, because while the developed world is far more engaged in diluting its currency as a means to spur “growth”, Asian and developing world nations are still engage in real, actual trade, where China is rapidly and aggressively becoming the world’s hub. More from The Australian: Former ambassador to China Geoff Raby, now a Beijing-based business figure, told The Weekend Australian: “The value of such a deal would be substantial for exporters to China, especially those that import a lot from China like mining companies, as it would remove business constraints including exchange-rate risks and transaction costs.” Businesses, like individuals when travelling, have to pay extra to convert currency since there are different rates for buying and selling. So removing one step also cuts out the cost of paying for such a “spread”. Australia has undertaken significant lobbying for the deal and the direct conversion of the yuan, also referred to as the renminbi (RMB), is identified as a priority in the government’s Asian century white paper. “We have held preliminary discussions with the Chinese government to explore how soon direct convertibility can be practicably achieved,” the white paper says. “We are continuing these discussions, and also exploring other opportunities to work with China to support the internationalisation of the RMB.” Australia’s banks increasingly arrange trade finance through Hong Kong, which has developed a special role as China’s chief international finance centre. Needless to say, China is eagerly looking forward to taking yet another bite out of the USD’s reserve status. New President Xi Jinping, a former Communist Party secretary of Shanghai, is a champion of that city’s development as China’s finance hub, and it is believed that the Prime Minister may fly there to sign the currency conversion deal. Ms Gillard is expected to go on from Shanghai to Beijing, where she will open the third Australia China Economic and Trade Forum organised primarily by the Australia China Business Council, which will be bringing about 100 people from Australia for the event. Participants are likely to include Andrew Harding, Rio Tinto’s new chief executive for iron ore; Warwick Smith, ANZ Bank’s chairman for NSW and the ACT; Australian Trade Minister Craig Emerson and Financial Services Minister Bill Shorten; Gao Hucheng, China’s Commerce Minister; and Gao Xiqing, the acting head of China Investment Corporation, the country’s vast sovereign wealth fund. The ANZ Bank has been a strong advocate of direct convertibility between the dollar and the yuan. Gilles Plante, the bank’s chief executive in Asia, said in a recent report that in the last financial year, China accounted for 29 per cent of all exports and 18 per cent of imports, but the value of that trade denominated in yuan was less than 0.3 per cent. He forecast that cross-border flows of funds would be liberalised “to support Shanghai’s plan to build itself as a global financial centre. At the time the whole world is digging out opportunities from the rise of the yuan, Australia should not lag behind.” It was significant the liberalising governor of the People’s Bank, Zhou Xiaochuan, kept his job during the reshuffle of China’s leadership. He said last year at a conference: “The next movement related to the yuan is going to be reform of convertibility. We are moving in this direction; we need to go further, we will have some deregulation.” Most importantly, to China, Australia will serve as the Guniea Pig – should this experiment in FX liberalization work out to China’s satisfaction, expect Beijing to engage many more trade partners in direct currency conversion. Beijing appears to have chosen Canberra as its partner in this next movement for straightforward economic reasons, as Australia has become China’s fifth-biggest source of imports and thus, the appropriate partner for the march of its currency. Ms Gillard and President Xi Jinping may also during the visit establish a “strategic partnership” between the countries. This will enable Australia to catch up in status with a large range of nations. Why is this so very critical? For the simple reason that the free lunch the US has enjoyed ever since the advent of the US dollar as world reserve currency, may be coming to an end as other, more aggressive alternatives – both fiat, and hard-asset based – to the USD appear. And since there is no such thing as a free lunch, all the deferred pain the US Treasury Department has been able to offset thanks to its global currency monopoly status will come crashing down the second the world starts getting doubts about the true nature of just who the real reserve currency will be in the future. Reserve Currency Statuses It has been written about in a few financial magazines and the finance sections of a one or two newspapers – but unfortunately, this is another event that people are not paying attention to and for that we will all pay dearly!

Untitled 7ad

I have said it before and I will keep saying it until people start to listen – we have to:

– Get rid of the Fed

(a private international bankers consortium)

– Get rid of the UN

(the enforcement arm of the elite, who want to rule the whole world)

If we ever want to be FREE!

It those two things are not done, then it becomes only a matter of time!

551453_497986390261107_1089257409_n

CRUMMY FINANCIAL PAIN MAY BECOME PERMANENT!

AND THE PLUNDER CONTINUES –

HURTING MOST THE PEOPLE WHO CANNOT AFFORD TO BE HURT!

http://www.infowars.com/mega-rich-withdrew-money-from-cyprus-before-looting/#.UVn2AGNIGvo.facebook

Mega-Rich Withdrew Money From Cyprus Before Looting!

The real targets of the “haircut” are businesses, entrepreneurs and the middle class

Paul Joseph Watson
Infowars.com
April 1, 2013

News that the Cypriot President’s family moved 21 million euros to London days before the bank accounts of his people were looted as part of the bailout deal serves as another reminder that while the media portrays the victims of the Cyprus “haircut” as the mega rich and wealthy Russian oligarchs, the real victims are middle class families and small business owners.

010413cyprus

Image: YouTube

“A company owned by in-laws of Cypriot President Nicos Anastasiades withdrew dozens of millions from Laiki Bank on March 12 and 13, according to an article published in Cypriot newspaper Haravgi,” reports EnetEnglish.

“The newspaper, which is affiliated to the communist-rooted AKEL party, reports that three days before the Eurogroup meeting the company took five promissory notes worth €21m from Laiki Bank and transferred the money to London.”

In addition, as Reuters reports, “While ordinary Cypriots queued at ATM machines to withdraw a few hundred euros as credit card transactions stopped, other depositors used an array of techniques to access their money.”

Branches and subsidiaries of Cypriot banks in London and Russia remained open while banks in Cyprus were closed, allowing Russian oligarchs and other wealthy depositors to move their money.

When asked about the amount of money that had exited Cyprus before the bailout deal, German Finance Minister Wolfgang Schaeuble refused to provide figures.

“Perhaps because if he did, it would become clear that the only entities truly punished by this weekend’s actions are not evil Russian billionaires, but small and medium domestic companies, and other moderately wealthy individuals, hardly any of them from the former “Evil Empire,” remarks Zero Hedge.

As Business Insider reports, the fact that the mega-rich – the supposed targets of Cyprus “haircut” – have already removed most of their money from the system means that, “upper middle class/entrepreneur types will feel most of the pain if the Cyprus tax is enacted.”

In other words, the very engine of the Cypriot economy, the businesses and the employers, will be the victims of the EU/IMF plundering. Middle class families are also amongst the worst affected. The Telegraph recently reported on a family who sold their villa in Cyprus for 200,000 euros right before the “haircut” was announced only to see the desperately needed cash disappear.

As we highlighted last week, a screenshot from an online bank account belonging to a medium-sized IT business in Cyprus shows over 720,000 euros in “blocked funds.” According to the owner, 80 per cent of that will be swiped and what’s left will take 6 to 7 years to get back.

After an initial attempt to plunder around 10 per cent of savings was rejected after a huge public outcry, Bank of Cyprus depositors now face losing up to 60% of their money, with Cyprus’s financial minister Michalis Sarris warning the “haircut” could even be as much as 80%.

However, since the theft has been characterized by the media as merely targeting rich Russian oligarchs and other wealthy investors, the uproar has diminished.

In reality, the mega-rich managed to get their money out either before the crisis even started or during the so-called “bank holiday” period while middle class depositors were left stranded.

Given that the looting of bank accounts has now been established as the template for future “bank recapitalizations” across Europe as well as Canada, the middle class has now been permanently put in the crosshairs and will be expected to pay for bankers’ gambling losses with their savings on a regular basis.

*********************

Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

This article was posted: Monday, April 1, 2013 at 6:14 am

AND THE MONEY WOES CONTINUE TO PILEUP!

 Untitled 4a

 What is happening in countries around the world is important here, because the banksters have the same plans already in place, to be used here (see previous article “Crummy Banksters’ Plan In Place For America!”)! The main stream media , like good little lap dogs, are reporting very few of the events and certainly not explaining what it all means for the average American! You need to do your own research and prepare for the meltdown, as best as you can!

Next is another extension of the Cyprus crises – the affects in Russia! Russia was heavily invested in Cyprus – it was for them, like the offshore banks are for American companies and well heeled investors! We will see if they maintain their cool and calm demeanor through the 60% theft of savings above 100,000 EU!

http://www.bbc.co.uk/news/world-europe-21992745#.UVn1zf_eFAw.facebook

1 April 2013 Last updated at 06:37 ET

 

Cyprus crisis: Moscow will not bail out Russian savers

_66693935_laikireut29

For years Cypriot banks have attracted Russian investors with competitive rates

Continue reading the main story

Eurozone crisis

The Russian government says it will not compensate Russian savers who have lost money in the Cyprus banking crisis.

Russians are believed to have billions of euros in Cypriot accounts and deposits above 100,000 euros (£84,300; $128,200) in the two biggest banks could be reduced by as much as 60%.

Such losses would be “a great shame”, First Deputy PM Igor Shuvalov said, “but the Russian government won’t take any action in that situation”.

Cyprus now restricts cash withdrawals.

A 10bn-euro bailout from the EU and IMF – required to keep the debt-laden Cypriot economy afloat – will only be granted if Cyprus itself raises 5.8bn euros, most of which looks likely to come from depositors with more than 100,000 euros in Bank of Cyprus and Laiki (Popular Bank).

‘Haircut’ for depositors

Laiki, the second largest bank, is being wound up and folded into Bank of Cyprus, the biggest bank.

Speaking on the Russian state TV channel Rossiya 1, Mr Shuvalov said Russian money in Cyprus included some that had been taxed and some that had not.

He said the Russian government would still look at cases where there were “serious losses, involving companies in which the Russian state is a shareholder”. That review would take place in Russia, and “for this it would certainly not be necessary to help the Republic of Cyprus”, he said.

Continue reading the main story

Cyprus capital controls

  • Daily withdrawals limited to 300 euros
  • Cashing of cheques banned
  • Those travelling abroad can take no more than 1,000 euros out of the country
  • Payments and/or transfers outside Cyprus via debit and or credit cards permitted up to 5,000 euros per month
  • Businesses able to carry out transactions up to 5,000 euros per day
  • Special committee to review commercial transactions between 5,000 and 200,000 euros and approve all those over 200,000 euros on a case-by-case basis
  • No termination of fixed-term deposit accounts before maturity

Many of the large-scale foreign investors in Cyprus are Russian – and in many cases they have taken advantage of the island’s status as an offshore tax haven. Some politicians have accused Cyprus of acting as a hub for Russian money-laundering – an allegation rejected by Cypriot officials.

After years of large-scale capital flight from Russia there is now a Kremlin drive to repatriate Russian money. The government has introduced tighter monitoring of foreign bank accounts held by Russian state employees.

Bank of Cyprus depositors with more than 100,000 euros could lose up to 60% of their savings as part of the bailout, officials say.

The central bank says 37.5% of holdings over 100,000 euros will become shares.

Up to 22.5% will go into a fund attracting no interest and may be subject to further write-offs.

The other 40% will attract interest – but this will not be paid unless the bank performs well.

The fear is that once the unprecedented capital controls – which are in place for an indefinite time – are lifted, the wealthiest will rush to move their deposits abroad, the BBC’s Mark Lowen reports from Nicosia.

Cyprus has become the first eurozone member country to bring in capital controls to prevent a torrent of money leaving the island and credit institutions collapsing.

Cypriot President Nicos Anastasiades has said the financial situation has been “contained” following the deal.

He has also stressed that Cyprus has no intention of leaving the euro, stressing that “in no way will we experiment with the future of our country”.

299096_10151332308514481_252228699_n

Australia and New Zealand have also joined in the thievery, although it is minimal, to date!

With Cyprus the banksters found out that they can get away with outright robbery –

They will not stop there!

37281

If the pres and the fed are not stopped, we have no future!

CRUMMY BANKSTERS’ PLAN IN PLACE FOR AMERICA!

CRUMMY BANKSTERS PLAN IN PLACE FOR A CYPRUS SAVINGS CONFISCATION IN AMERICA!

Cyprus was a test run and banksters now know they can get away with confiscating people’s savings! It will not take them long to try it in other places and also here, in America! Read and research so you can be prepared!!!

http://www.truthdig.com/report/item/the_confiscation_scheme_planned_for_us_and_uk_depositors_20130328/

The Confiscation Scheme Planned for U.S. and U.K. Depositors

4158695384_4646dc3ca1_z


By Ellen Brown, Web of Debt
Posted on Mar 28, 2013

This article first appeared at Web of Debt.

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.

New Zealand has a similar directive, discussed in my last article here, indicating that this isn’t just an emergency measure for troubled Eurozone countries. New Zealand’s Voxy reported on March 19th:

The National Government [is] pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts . . . .

Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.

Can They Do That?

Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay. (See here and here.) But until now the bank has been obligated to pay the money back on demand in the form of cash. Under the FDIC-BOE plan, our IOUs will be converted into “bank equity.”  The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.

The 15-page FDIC-BOE document is called “Resolving Globally Active, Systemically Important, Financial Institutions.”  It begins by explaining that the 2008 banking crisis has made it clear that some other way besides taxpayer bailouts is needed to maintain “financial stability.” Evidently anticipating that the next financial collapse will be on a grander scale than either the taxpayers or Congress is willing to underwrite, the authors state:

An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company [meaning the depositors] into equity [or stock]. In the U.S., the new equity would become capital in one or more newly formed operating entities. In the U.K., the same approach could be used, or the equity could be used to recapitalize the failing financial company itself—thus, the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution.

No exception is indicated for “insured deposits” in the U.S., meaning those under $250,000, the deposits we thought were protected by FDIC insurance. This can hardly be an oversight, since it is the FDIC that is issuing the directive. The FDIC is an insurance company funded by premiums paid by private banks. The directive is called a “resolution process,” defined elsewhere as a plan that “would be triggered in the event of the failure of an insurer . . . .” The only mention of “insured deposits” is in connection with existing UK legislation, which the FDIC-BOE directive goes on to say is inadequate, implying that it needs to be modified or overridden.

An Imminent Risk

If our IOUs are converted to bank stock, they will no longer be subject to insurance protection but will be “at risk” and vulnerable to being wiped out, just as the Lehman Brothers shareholders were in 2008. That this dire scenario could actually materialize was underscored by Yves Smith in a March 19th post titled When You Weren’t Looking, Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives. She writes:

In the US, depositors have actually been put in a worse position than Cyprus deposit-holders, at least if they are at the big banks that play in the derivatives casino. The regulators have
turned a blind eye as banks use their depositaries to fund derivatives exposures. And as bad as that is, the depositors, unlike their Cypriot confreres, aren’t even senior creditors. Remember Lehman? When the investment bank failed, unsecured creditors (and remember, depositors are unsecured creditors) got eight cents on the dollar. One big reason was that derivatives counterparties require collateral for any exposures, meaning they are secured creditors. The 2005 bankruptcy reforms made derivatives counterparties senior to unsecured lenders.

(Page 2)

One might wonder why the posting of collateral by a derivative counterparty, at some percentage of full exposure, makes the creditor “secured,” while the depositor who puts up 100 cents on the dollar is “unsecured.” But moving on – Smith writes:

Lehman had only two itty bitty banking subsidiaries, and to my knowledge, was not gathering retail deposits. But as readers may recall, Bank of America moved most of its derivatives from its Merrill Lynch operation [to] its depositary in late 2011.

Its “depositary” is the arm of the bank that takes deposits; and at B of A, that means lots and lots of deposits. The deposits are now subject to being wiped out by a major derivatives loss. How bad could that be? Smith quotes Bloomberg:

. . . Bank of America’s holding company . . . held almost $75 trillion of derivatives at the end of June . . . .

That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.

$75 trillion and $79 trillion in derivatives! These two mega-banks alone hold more in notional derivatives each than the entire global GDP (at $70 trillion). The “notional value” of derivatives is not the same as cash at risk, but according to a cross-post on Smith’s site:

By at least one estimate, in 2010 there was a total of $12 trillion in cash tied up (at risk) in derivatives . . . .

$12 trillion is close to the US GDP.  Smith goes on:

. . . Remember the effect of the 2005 bankruptcy law revisions: derivatives counterparties are first in line, they get to grab assets first and leave everyone else to scramble for crumbs. . . . Lehman failed over a weekend after JP Morgan grabbed collateral.

But it’s even worse than that. During the savings & loan crisis, the FDIC did not have enough in deposit insurance receipts to pay for the Resolution Trust Corporation wind-down vehicle. It had to get more funding from Congress. This move paves the way for another TARP-style shakedown of taxpayers, this time to save depositors.

Perhaps, but Congress has already been burned and is liable to balk a second time. Section 716 of the Dodd-Frank Act specifically prohibits public support for speculative derivatives activities. And in the Eurozone, while the European Stability Mechanism committed Eurozone countries to bail out failed banks, they are apparently having second thoughts there as well. On March 25th, Dutch Finance Minister Jeroen Dijsselbloem, who played a leading role in imposing the deposit confiscation plan on Cyprus, told reporters that it would be the template for any future bank bailouts, and that “the aim is for the ESM never to have to be used.”

That explains the need for the FDIC-BOE resolution. If the anticipated enabling legislation is passed, the FDIC will no longer need to protect depositor funds; it can just confiscate them.

Worse Than a Tax

An FDIC confiscation of deposits to recapitalize the banks is far different from a simple tax on taxpayers to pay government expenses. The government’s debt is at least arguably the people’s debt, since the government is there to provide services for the people. But when the banks get into trouble with their derivative schemes, they are not serving depositors, who are not getting a cut of the profits. Taking depositor funds is simply theft.

What should be done is to raise FDIC insurance premiums and make the banks pay to keep their depositors whole, but premiums are already high; and the FDIC, like other government regulatory agencies, is subject to regulatory capture.  Deposit insurance has failed, and so has the private banking system that has depended on it for the trust that makes banking work.

The Cyprus haircut on depositors was called a “wealth tax” and was written off by commentators as “deserved,” because much of the money in Cypriot accounts belongs to foreign oligarchs, tax dodgers and money launderers. But if that template is applied in the US, it will be a tax on the poor and middle class. Wealthy Americans don’t keep most of their money in bank accounts.  They keep it in the stock market, in real estate, in over-the-counter derivatives, in gold and silver, and so forth.

Are you safe, then, if your money is in gold and silver? Apparently not – if it’s stored in a safety deposit box in the bank. Homeland Security has reportedly told banks that it has authority to seize the contents of safety deposit boxes without a warrant when it’s a matter of “national security,” which a major bank crisis no doubt will be.The Confiscation Scheme Planned for U.S. and U.K. Depositors.
Another alternative was considered but rejected by President Obama in 2009: nationalize mega-banks that fail. In a February 2009 article titled “Are Uninsured Bank Depositors in Danger?”, Felix Salmon discussed a newsletter by Asia-based investment strategist Christopher Wood, in which Wood wrote:By Ellen Brown, Web of Debt

(Page 3)

The Swedish Alternative: Nationalize the Banks

It is . . . amazing that Obama does not understand the political appeal of the nationalization option. . . . [D]espite this latest setback nationalization of the banks is coming sooner or later because the realities of the situation will demand it. The result will be shareholders wiped out and bondholders forced to take debt-for-equity swaps, if not hopefully depositors.

On whether depositors could indeed be forced to become equity holders, Salmon commented:

It’s worth remembering that depositors are unsecured creditors of any bank; usually, indeed, they’re by far the largest class of unsecured creditors.

President Obama acknowledged that bank nationalization had worked in Sweden, and that the course pursued by the US Fed had not worked in Japan, which wound up instead in a “lost decade.”  But Obama opted for the Japanese approach because, according to Ed Harrison, “Americans will not tolerate nationalization.”

But that was four years ago. When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.

Ellen Brown is an attorney, chairman of the Public Banking Institute, and the author of eleven books, including Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. Her websites are webofdebt.com and ellenbrown.com. For details of the June 2013 Public Banking Institute conference in San Rafael, California, see here.

SOME GOOD IDEAS FOR PUSHING BACK!

Ellen Brown is well qualified to write about the subject of banks and finances – heed her words if you want to save your money! There are links to many additional resources in the above article – use them to learn how to protect yourself!

Below are some good solid suggestions for drawing the fangs of the banksters!

300163_459747534107483_2017618413_n

END The New World Order with Global Non Compliance!

Like Us? www.facebook.com/Citizens.Action.NetworkUnderstand your enemy, and understand the weapons they use. Then use those same weapons against them. The money system is the head of the snake. Cut the head off the snake and the rest of it will whither and die. There need be No violence, no guns, no banners, no slogans, no group think, just a united act of global non compliance. It’s time for us all to collectively stand together and address the root cause of the problems.https://www.youtube.com/watch?feature=player_embedded&v=PZx2tUCB9t8“You assist an evil system most effectively by obeying its orders and decrees. An evil system never deserves such allegiance. Allegiance to it means partaking of the evil. A good person will resist an evil system with his or her whole soul.” -Mahatma Gandhi

“I believe that Gandhi’s views were the most enlightened of all the political men in our time. We should strive to do things in his spirit: not to use violence in fighting for our cause, but by non-participation in anything you believe is evil.” -Albert Einstein

Stop complying with it and you will shut it down. And the best form of non compliance is love. Approach every issue with love. Rather than obediently following orders given to you by a commanding officer, and rather than doing what is right for you personally, do what is actually right. And, if a leader wants to send you to war, say no sir, I won’t murder other peoples’ children for you any more. You’ll have to go and do it yourself.

You will be called coward by the military, but such is not the case. Because it’s much easier to fight for principles than to live up to them. And it takes a far braver man to stand up for what is right, and spit in the face of authority, than it does to blindly follow orders due to fear of the consequences. Understand that we are all one, and the key to real change and unity in this world lies with love.

“The pioneers of a warless world, are the young men [and women] who refuse military service.” -Albert Einstein

Simply stop giving these people the power to control you. Understand that the only power they have is the power the people give them. Understand that injustice towards one is injustice towards all. Injustice towards him, is injustice against you, and there should be no grey area in your mind in regards to that. Everyone needs to stop going along with it, and it needs to be done immediately. It’s time to cut the head off the snake.

The Revolution is not coming. The Revolution is NOW!

“When it gets down to having to use violence, then you are playing the system’s game. The establishment will irritate you: pull your beard, flick your face to make you fight. Because once they’ve got you violent, then they know how to handle you. The only thing they don’t know how to handle is non-violence and humor.” -John Lennon

17 things YOU can you do to END the New World Order

1. Turn off or throw away your T.V.

2. Think for yourself.

3. Question all so-called ‘Authority’

4. Get out, and/or stay out, of debt!

5. Use cash, trade or barter as much as possible, rather than debit card/credit cards

6. Get rid of grocery store ‘discount’ cards –grocery stores provide this information to insurance companies.

7. Bank at a Credit Union, or any alternative to the ‘TBTF’ Banks, that participated in the 2008 Banker Bailout.

8. Buy products “Made in YOUR country”

9. Start your own garden

10. Meditate or pray – reduce your stress!

11. Get exercise!

12. Read a book/eBook: The Zeitgeist Movement – Orientation Guide.

13. Listen to soothing classical, jazz, ambient, dub or other alternative music.

14. Watch Fall of the Republic – Architecture of the New World Order (2009) documentary.

15. Watch End Game (2009) & Wake Up Call (2009) documentaries.

16. Watch Esoteric Agenda (2008) & Kymatica (2009) documentaries.

17. Watch THRIVE: What On Earth Will It Take (2011) and ETHOS. A Time For Change (2012) documentaries.

“Nonviolence means avoiding not only external physical violence but also internal violence of spirit. You not only refuse to shoot a man, but you refuse to hate him.” -Martin Luther King Jr.

http://www.knowledgeoftoday.org/2012/02/end-new-world-order-with-global-non.html#.UVddxGcud54 — with Ralph Williams, Lisa Jackson, Ashley Nicole Vise and Jennifer Martin.

 THOSE WHO DO NOT LEARN FROM HISTORY ARE DOOMED TO REPEAT IT!

300284_564487090251217_120132710_n