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lquadland10 (< 20)

Audit the Fed. Forgive the sources on the gold and flash crash. Now fincial reform.

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May 26, 2010 – Comments (12) | RELATED TICKERS: GS , SVL , AUY

More on the Manulaption of gold and silver. However there was one of many interesting pieces of news on top of all. The day of the flash crash was Hats off to the Wall Street financial syndicate. They arranged a 1000-point stock market descent precisely on the day (May 6th) the Financial Regulatory bill had a key provision being scripted for auditing the US Federal Reserve. The US Senators blinked, watered down the provision, and will force an audit but only for certain TARP-related events. The rest of the artical is instering also. I like the pictures in the 3rd artical. Feel free to use what you can. You are smarter than I.

http://www.marketoracle.co.uk/Article19818.html

http://oneclick.indiatimes.com/article/04877mtaGqbqz?q=Goldman+Sachs

http://www.gold-speculator.com/ed-steer/27109-another-1-47-million-ounces-withdrawn-slv.html

 

Yes I know it is the CFR Fox News on Fincial reform. 

http://watchglennbeck.com/video/2010/May/Glenn-Beck-Show-May-26-2010-Frankendodd-Financial-Reform/

 

Yep I do believe that the market will rise and then tank. For the record on general principal in caps I will still short GS. 

12 Comments – Post Your Own

#1) On May 27, 2010 at 1:35 AM, MikeMark (29.52) wrote:

GS... is that Goldman Sachs or Government Sacks?  ;)

-MikeMark

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#2) On May 27, 2010 at 2:41 AM, 1315623493 wrote:

Glenn Beck? LOL. I'm short with silver and gold puts. I hope they fall like rocks. I would love to be on the Federal Reserve, or CFR, perhaps the Illumati and Bilderburgs. If the Libertarian radicals think there is a one-world government imminent, I can't wait to join it!

In reality, a one world government or currency is so impractical, as to be an impossibility. But tell that to a gun toting, paranoid, anti-government, so-called "Patriot".

P.S. I love guns. 

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#3) On May 27, 2010 at 4:46 PM, lquadland10 (< 20) wrote:

Mike yes you are right. Oh Betapeg. I am laughing. You see you see I am a Ron Paul voter. As for Glen Beck. He makes me laugh and giggle about our CFR members news cartel puts out. I am not a trader but I do follow you fools to help me manage my 401 K. Well 200 K now. No I sell books for a living and these posting that the fools post help me to sell more book to more people on the left or the right. Don't want to go on unemployment now and have your taxes support me don't ya know. Laughing. What is the difference between Governance and Government. I did not like Regan Bush Nixon Carter Bush Sr. Clinton or Bush and now the current CEO of America being run by the Corporations who got people who used to work for them and now work for Gov. It is not their fault.They are controlled by the FED who's members mostly used to work for who Oh GS. Who set up the CFR? Rockefeller. Money came from oil and selling oil to Hitler. No conspiracy just History. Bush family. Money came from oh my Banking with Hitler Bush Sr. Father. Just History there, Then oh my Bush SR. and JR. Enron oil and Monsanto genetically altered seed. No conspiracy there just facts in history. Members include Cnn Fox Msnbc Disney Gore bush Clinton Chaney and many others. Just facts. oh as far as Bilderburgs I have no Idea about them, However Rothschild and Bildenburgs and Soros are hedge fund mangers who make lot's of money to form organizations. What organizations I do not know. Well there is one I know of and that is MoveOn .org. You are right on the Reality Part. It would be like China owning the world. No these people make their money on the terminal they cause. This was for each stock transaction the exchanges they bought into or own generate them more money without doing anything. Absolute power corrupts absolutely. Man up and watch the whole tape. Yep our troupes are supporting the Drugs growing business. That is why our current president won't end the war. Did you see the commanders saying we have to let them grow it? What is wrong with that picture. Laughing Let the wars continue so Hedge Fund mangers can make money. Power and Control baby it is all about power and control.

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#4) On May 27, 2010 at 5:23 PM, 1315623493 wrote:

I know you're a Ron Paul voter. All the kooks of the extremist Libertarian faction voted for Ron Paul. As soon as you posted an Alex Jones video, I already knew what you were all about. If this so-called reality of Alex Jones is true (which it isn't), then I'd love to be the commandant of the FEMA concentration camp. 

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#5) On May 27, 2010 at 6:21 PM, lquadland10 (< 20) wrote:

lol so can you tell me why all these empty Fema area's were built but not used. Oh well they did it in WW I for the Germans and WW II for the Japanese.  Thank you for calling me a kook. It so reminds me of second grade.  Now did you man up and watch the Fox news part on military guarding the people who grow the opium. Laughing. You get so fixed on just one issue you don't respond or is it because you don't see the other points. Just wondering. Be careful for what you wish for. You just might get a chance to become a commandant if the plans come true. I just hope you would be a good and fair one and not a mean one. Laughter. However maybe by talking about it then won't come true and I will enjoy the title of kook. giggling.

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#6) On May 27, 2010 at 7:05 PM, 1315623493 wrote:

Spending my time dissecting your ridiculous world view just doesn't interest me. Especially when it's just a regurgitation of Alex Jones and endless Youtube videos. You don't think I have already been debating 9/11 truthers such as yourself for years now? I have already run through all the reasons why you're so blatantly wrong with numerous others. I'd much rather entertain your ridiculous belief in any and every conspiracy theory you come across with my own tongue-n-cheek responses. Maybe I'll be the black suited government agent who gets to apprehend you for 'knowing too much'. LOL

You know what's really funny? Here you are, predicting the coming fascist dictatorship of America, on a stock website blog of all places. Way to go champ. Fighting the man on a stock market website! You go get 'em! 

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#7) On May 31, 2010 at 1:51 AM, lquadland10 (< 20) wrote:

Just what I expected from a narrow minded person. As for 9/11 truth-er. Well let's just agree to disagree. History has a way of letting the truth out. However I never said one way or the other if I agree with them. I will keep an open mind. I have little time and must use it wisely. lol I like the men in black comment but I am sure tongue n cheek responses could be more original. Yawn..... that was a boring one. :-) 

So don't dissect my world view but if you want you could frame an outline about how you see the world. Oh and yes how is the government working out for you on that oil spill. They can solve anything  all after all. :-P 

 

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#8) On May 31, 2010 at 2:31 AM, whereaminow (24.34) wrote:

Betapeg,

Since 80% want a Fed audit, wouldn't that make you the holder of a fringe position?  Especially considering the percentage is even higher among investors.

Yes, it does. You are a fringe lunatic. Congratulations!

David in Qatar

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#9) On June 01, 2010 at 11:04 PM, 1315623493 wrote:

lquadland10,

Narrow-minded is advocating "End the Fed" based on an extremely narrow Libertarian ideology. 

whereaminow,

I'm not calling the "audit the Fed" bill radical legislation. I'm calling any advocation of "End the Fed" as the hobby of America's Libertarian zealots. Attempt to turn my ridicule of extremists on its head...failed. The "Audit the Fed" bill isn't bad relative to a "end the Fed" bill, but Ron Paul knows such a bill will never pass, so he resorts to whatever he can get passed. I applaud his efforts, as I know, it will never go as far as he wants it to go. 

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#10) On June 01, 2010 at 11:23 PM, topsecret10 (< 20) wrote:

On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.

After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment. As America's debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America's debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, ifso, is he willing to pay the ultimate price for doing so?

Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289

AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY

By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended-

By adding at the end of paragraph 1 thereof the following subparagraph (j):


(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption

and --

Byrevoking subparagraphs (b) and (c) of paragraph 2 thereof.

Sec. 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

John F. Kennedy The White House, June 4, 1963.

Of course, the fact that both JFK and Lincoln met the the same end is a mere coincidence.

Abraham Lincoln's Monetary Policy, 1865 (Page 91 of Senate document 23.)

Money is the creature of law and the creation of the original issue of money should be maintained as the exclusive monopoly of national Government.

Money possesses no value to the State other than that given to it by circulation.

Capital has its proper place and is entitled to every protection. The wages of men should be recognised in the structure of and in the social order as more important than the wages of money.

No duty is more imperative for the Government than the duty it owes the People to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labour will be protected from a vicious currency, and commerce will be facilitated by cheap and safe exchanges.

The available supply of Gold and Silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use.

The monetary needs of increasing numbers of People advancing towards higher standards of living can and should be met by the Government. Such needs can be served by the issue of National Currency and Credit through the operation of a National Banking system .The circulation of a medium of exchange issued and backed by the Government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by Taxation, Redeposit, and otherwise. Government has the power to regulate the currency and creditof the Nation.

Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy.

Government possessing the power to create and issue currency and creditas money and enjoying the right to withdraw both currency and credit from circulation by Taxation and otherwise need not and should not borrow capital at interest as a means of financing Governmental work and public enterprise. The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. The privilege of creating and issueing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.

By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.

Some information on the Federal Reserve The Federal Reserve, a Private Corporation One of the most common concerns among people who engage in any effort to reduce their taxes is, "Will keeping my money hurt the government's ability to pay it's bills?" As explained in the first article in this series, the modern withholding tax does not, and wasn't designed to, pay for government services. What it does do, is pay for the privately-owned Federal Reserve System.

Black's Law Dictionary defines the "Federal Reserve System" as, "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves."

Privately-owned banks own the stock of the Fed. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said:

Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors.

Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks. Taking another look at Black's Law Dictionary, we find that these privately owned banks actually issue money:

Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.).

The FED banks, which are privately owned, actually issue, that is, create, the money we use. In 1964 the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is:

The Federal Reserve is a total money-making machine.It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them.

As we all know, anyone who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is what the Fed is.

No man did more to expose the power of the Fed than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. Constantly pointing out that monetary issues shouldn't be partisan, he criticized both the Herbert Hoover and Franklin Roosevelt administrations. In describing the Fed, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932, that:

Mr. Chairman,we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enoughmoney to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the UnitedStates; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

Some people think the Federal reserve banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime. Those 12 private credit monopolies were deceitfully and disloyally foisted upon this country by bankers who camehere from Europe and who repaid us for our hospitality by undermining our American institutions.

The Fed basically works like this: The government granted its power to create money to the Fed banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the Fed over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, both in the past and in the present, that speak out against it. One of these men was President John F. Kennedy. His efforts were detailed in Jim Marrs' 1990 book, Crossfire:

Another overlooked aspect of Kennedy's attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11,110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.

Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks.

A number of "Kennedy bills" were indeed issued - the author has a five dollar bill in his possession with the heading "United States Note" - but were quickly withdrawn after Kennedy's death. According to information from the Library of the Comptroller of the Currency, Executive Order 11,110 remains in effect today, although successive administrations beginning with that of President Lyndon Johnson apparently have simply ignored it and instead returned to the practice of paying interest on Federal Reserve notes. Today we continue to use Federal Reserve Notes, and the deficit is at an all-time high.        TS

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#11) On June 01, 2010 at 11:39 PM, 1315623493 wrote:

Copy and pasting debating. Awesome. Is there a particular point you'd like me to address?

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#12) On June 02, 2010 at 1:20 AM, 1315623493 wrote:

Never mind, thought you were responding to me. My apologies.

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