• About Elkhart County Grassroots Hub

Elkhart County Grassroots Hub

Elkhart County Grassroots Hub

Tag Archives: Federal Reserve System

American Media: Weapons of Mass Disinformation

11 Saturday Aug 2012

Posted by HattieBelle in Controlled, Mainstream Media, News

≈ 1 Comment

Tags

2012 Election, ABC, Advertising, BBC, Bill Clinton, Bolshevik, Breaking, Broadcast, CBS, Controlled, Coverage, Federal Reserve System, Fox, Government, Internet, Lie, LIES, Mainstream Media, MSNBC, NBC, Network, News, Newspaper, Nightline, Politics, Propaganda, Radio, Reporter, Richard Nixon, Soviet Union, Television, TRUTH, United States

In the old Soviet Union, the government controlled the media. Not a word of substance could be published without prior approval from the Bolshevik commissars.

Today in the United States, the situation is starkly similar. BUT, MOST AMERICANS DON’T KNOW IT.

In fact, most Americans know VERY LITTLE about what is going on in the world. The Time Magazine issue pictured below illustrates why. The Time magazine’s (issue 178, no.22) lead story for people living abroad was called “Revolution Redux” and featured a cover with a dramatic picture of an Arab rebel wearing a gas mask. In America, we got “Why anxiety is good for you”.

The Business Insider article LINKED HERE shows issue after issue of Time magazine “watering down”news meant for American readers.

Do you believe the mainstream media tells you the truth without bias? And that they tell you EVERYTHING?

In America today, a select handful of super-rich families and tightly-knit financial interests–a plutocratic elite–owns “mainstream media” and controls the government through their ownership of it…every single one of the major media outlets is controlled by this powerful interlocking combination.

Behind the scenes these shadowy owners and corporate power brokers dictate what you will (or will not) see in your daily newspaper or on the daily news.

– The shadowy media controllers decide which politicians are “in” and which politicians are “out”. (They made Bill Clinton overnight. They also broke Richard Nixon overnight.)

– The ‘controllers’ decide which issues can–or can not–be debated. (Imagine a public debate over the Federal Reserve system on Nightline. It will never happen!)

-The ‘controllers’ also decide which are “good wars” and which are “bad wars.”

In contrast to the standard conception of the media as cantankerous, obstinate, and ubiquitous in their “search for truth” and their “independence of authority”, the reality is that modern “journalists” serve a “societal purpose,” but NOT ONE of providing the public with the information needed for the intelligent discharge of political and social responsibilities. On the contrary, despite the unprecedented access 21st-century people could have to news about real events, political parties, corporations, and nations at war FLOOD THE AIRWAVES with spin, selective reporting, and even disinformation.

That disinformation not only threatens our insight into the workings of our world; it makes us vulnerable to fear, misunderstanding, and doubt: all things that lead to destruction. Good people have been indoctrinated  into committing terrible atrocities against others, or even against themselves.

The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is. ~Winston Churchill

Will telling the “truth” solve all a nation’s problems? Of course not. But, it is a beginning. Knowing the “correct facts” should be least we require before making any decision of consequence. If our media is ignorant, reckless and corrupt, that is because we tolerate their ignorance, recklessness and corruption.

Without a concerted and organized effort to diffuse mass-produced lies, the future can be bleak indeed. History has shown us time and again that a nation of fools (how could they be otherwise without factual information) is doomed.

Related articles
  • Disinformation: How It Works (zerohedge.com)
  • Ruling America Through Lies, Farbrication and Disinformation (chasvoice.blogspot.com)

Monetary Policy: What are our choices?

09 Thursday Aug 2012

Posted by HattieBelle in Banking, Business, Debt, economy, Federal Reserve, Federal Reserve Transparency Act, Fiscal Cliff, Fractional Banking, Indiana, Quantitative Easing, Regulation, Repeal of Glass Steagall

≈ 2 Comments

Tags

Bond, Central Bank, Counterfeiting, Duration Mismatch, Federal Reserve, Federal Reserve System, Fractional reserve banking, Government debt, Government Spending, Monetary Policy, Money Supply, Murray Rothbard, New York Federal Reserve Bank, Reality, U.S. Government, United States, United States Treasury security

Here is where we stand.

It is mathematically impossible for the U.S. government to pay off the U.S. national debt. EVER. You see, 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 U.S. national debt.

If the federal government began right at this moment to repay the U.S. national debt at a rate of one dollar per second, it would take over 440,000 years to pay off the national debt–and then, ONLY IF, we didn’t increase the debt by a SINGLE penny.

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

Well, for one very simple reason. The U.S. government does not issue U.S. currency – the Federal Reserve does. Pull a dollar bill out and look at it. It says “Federal Reserve Note” at the top. The Federal Reserve is a private bank. It is owned and operated, for profit, by international bankers.

When the U.S. government needs more money, it cannot simply create the needed money.

Instead, when the U.S. government runs out of money (which happens a lot these days) it has to BORROW IT by going over to the Federal Reserve and asking them for 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.

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.

Every time the U.S. government borrows from the federal reserve, the national debt gets bigger and the INTEREST on that debt gets EVEN bigger.

Are you starting to get the picture?

To make the situation worse, NOBODY, not even the federal reserve, has a clue how much money even EXISTS in the United States today because our financial system is based on fractional reserve banking.

When you go over to your local bank and deposit $100, your bank doesn’t keep your $100 in the bank. Instead, only a small fraction of your money stays at the bank. The bank lends out the rest to someone else. If the “someone else” then deposits the money that was just borrowed at the same bank, that “same 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. (Not that it could never happen.)

The crowd shown above is gathered in front of the Guardian Trust Company and National City Bank on February 28, 1933..

The New York Federal Reserve Bank, explains fractional reserve banking like this….

“If the reserve requirement is 10%, 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”counted on bank books as assets is basically made up out of thin air.

And, 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.

Banks are freer today to dramatically “multiply” the amounts deposited with them than ever before. NONE of WHAT CREATED THE BANKING CRISIS OF 2008 has been fixed.

The U.S. government CAN GO OUT AND and DEMAND every SINGLE dollar from EVERY banks, businesses and individual in the United States and it would not be able to collect 14 trillion dollars. IT COULDN’T COLLECT 8.5 trillion dollars.

The Federal Reserve Banking System is a game designed which the United States Government CAN’T WIN.

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.

The politicians have become more concerned with their own perpetuation than with service to society. As they blunder from crisis to crisis, they blame markets and freedom for the problems created by poor central planning and structure within the financial system.

Giving banks a monopoly over the initial allocation of credit and money enriches the banks at the expense of society. Banks and bankers — who produce nothing — allocate resources to their interests. The rest of society — including all the productive sectors — get crumbs from the table. The market mechanism is perverted, and bent in favour of the financial system.

Such a system is unsustainable. The subsidization of incompetence breeds more incompetence, and weakens the system, whether it is government handing off corporate welfare to inept corporations, or whether it is the central bank bailing out inept financial institutions. The financial system never learned the lessons of 2008; MF Global and the London Whale illustrate that. Printing money to save broken systems just makes these systems more fragile and prone to collapse. Ignoring the market mechanism, and the interests of the wider society to subsidise the financial sector and well-connected corporations just makes society angry and disaffected.

Between fractional reserve banking, extreme leverage, mismarking of books, questionable derivatives and rehypothecation is there ANY possibility of a free market?

What if these mechanisms are contrivances PURPOSEFULLY designed to skim off everything left to skim while driving the financial system the point of collapse?

Even if a financial collapse wasn’t planned, now that the endgame is clearly in sight…

“You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.” ~Rahm Emanuel

Related articles
  • Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand (blacklistednews.com)
  • Where does money come from? The giant Federal Reserve scam that most Americans do not understand (antioligarch.wordpress.com)
  • Why A Debt Based Financial System Will Always Fail In The Long Run (GLD, SLV, UUP, UDN, XLF) (etfdailynews.com)
  • Are we AT the end of the road? (elkhartcountygrassrootshub.wordpress.com)
  • The Giant Federal Reserve Scam That Most Americans Do Not Understand (wealthwire.com)

CRITICAL: Call your Senator A.S.A.P. & urge his or her support for The Federal Transparency Act

05 Sunday Aug 2012

Posted by HattieBelle in Audit the Fed, Banking, Bills, Debt, Federal Reserve, Federal Reserve Transparency Act, Financial Crisis, House of Representatives, Indiana, Senate, Senator, Transparency

≈ Leave a comment

Tags

Dan Coates, Federal Reserve System, Federal Reserve Transparency Act, Harry Reid, House, Party leaders of the United States Senate, Richard Lugar, Ron Paul, United States, United States House of Representatives

(Video by IndianaPolitico)

History has been made, Dr. Ron Paul’s audit the fed bill passed through the House with a veto proof majority! But now the real fight begins, we must push it through the senate. The liberals are putting up resistance. Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill.

Contact your Senators and urge them to support The Federal Reserve Transparency Act today.

United States Senator Richard Lugar

Indianapolis
1180 Market Tower 10 West Market Street Indianapolis, Indiana 46204 (317) 226-5555

Washington, D.C.
306 Hart Senate Office Building Washington, D.C. 20510-1401 (202) 224-4814

United States Senator Dan Coats

Crown Point Office
11035 Broadway
Suite A
Crown Point, IN, 46307
P: (219) 663-2595
F: (219) 663-4586

Evansville Office
101 Martin Luther King, Jr. Blvd.
Evansville, IN, 47708
P: (812) 465-6500
F: (812) 465-6503

Fort Wayne Office
1300 South Harrison Street
Suite 3161
Fort Wayne, IN, 46802
P: (260) 426-3151
F: (260) 420-0060

Indianapolis Office
1650 Market Tower
10 West Market Street
Indianapolis, IN, 46204
P: (317) 554-0750
F: (317) 554-0760

Scottsburg Office
2 East McClain Avenue
Suite 2-A
Scottsburg, IN, 47170
P: (812) 754-0520
F: (812) 754-0539

Washington D.C.
493 Russell Office Bldg
Washington, DC, 20510
P: (202) 224-5623
F: (202) 228-1820

Related articles
  • “Audit the Fed” Overwhelmingly Passes House, But Dead In Senate? (redalertpolitics.com)
  • Harry Reid vows Federal Transparency Act will never be voted on in the Senate (freedomsphoenix.com)
  • House passes ‘Audit the Fed’ bill (elkhartcountygrassrootshub.wordpress.com)
  • Breaking News:House Votes Overwhelmingly to Audit the Fed! (thelonestarwatchdog.com)
  • YOU MUST: Pledge to call your Representative on Monday, July 23 for ‘Audit The Fed’ (elkhartcountygrassrootshub.wordpress.com)

House passes ‘Audit the Fed’ bill

26 Thursday Jul 2012

Posted by HattieBelle in 2012 Election, American, Audit the Fed, Federal Reserve, Federal Reserve Transparency Act, Obama, President, Principles, Ron Paul, Senate, Transparency, World Bank

≈ 6 Comments

Tags

Activism, Audit the Fed, Ben Bernanke, Federal Reserve System, Federal Reserve Transparency Act, Harry Reid, Nevada, Ron Paul, Senate, Transparency, Washington D.C.

Audit the Fed passes House 327-98. The only NAY from Indiana was Congressman, Andre Carson. Here’s the ROLL CALL.

Harry Reid has vowed not to let the bill come to a vote in the Senate. Take a stand and let Harry Reid know it is the will of the people to audit the fed! Here is Senator Reid’s contact info. Please share it everywhere!

Email:

http://www.reid.senate.gov/contact/index.cfm

Carson City
600 East William Street, #304
Carson City, NV 89701
Phone: 775-882-7343 / Fax: 775-883-1980

Las Vegas
Lloyd D. George Building
333 Las Vegas Boulevard South, Suite 8016
Las Vegas, NV 89101
Phone: 702-388-5020 / Fax: 702-388-5030

Reno
Bruce R. Thompson Courthouse and Federal Building
400 South Virginia Street, Suite 902
Reno, NV 89501
Phone: 775-686-5750 / Fax: 775-686-5757

Rural Nevada
If you live in Esmeralda, Lincoln, or Nye Counties:
Phone: 702-388-5020 / Fax: 702-388-5030
If you live in Churchill, Douglas, Elko, Eureka, Humboldt, Lander, Lyon, Mineral, Pershing, Storey or White Pine County:
Phone: 775-686-5750 / Fax: 775-686-5757

Washington
522 Hart Senate Office Building
Washington, DC 20510
Phone: 202-224-3542 / Fax: 202-224-7327
Toll Free for Nevadans: 1-866-SEN-REID (736-7343) – Restricted to calls originating from area codes 775 and 702

Reid Newsroom
Sen. Reid’s Nevada Press Office 202-224-9521 (for inquiries from Nevada media)
Senate Democratic Policy and Communications Center 202-224-2939

Related articles
  • Politics & NWO – Re: Audit the Fed Passes! (disclose.tv)
  • House passes Ron Paul’s ‘audit the Fed’ bill (washingtontimes.com)
  • Audit the Fed Passes! (txwclp.org)
  • Minutes ago, the U.S. House voted to pass our Audit the Fed bill! (jhaines6.wordpress.com)
  • Breaking News:House Votes Overwhelmingly to Audit the Fed! (thelonestarwatchdog.com)
  • NY Rep. Bob Turner Lone Republican to Vote Against ‘Audit the Fed’ (wnyc.org)

Auditing the fed is more URGENT than ever

25 Wednesday Jul 2012

Posted by HattieBelle in American, Audit the Fed, Banking, Capitalism, Debt, economy, Federal Reserve, Federal Reserve Transparency Act, Financial Crisis, Fiscal Cliff, Government Accountability Office, Politics, Washington, World Bank

≈ Leave a comment

Tags

Audit the Fed, Bailout, Bailout the World, Central Intelligence Agency, Federal Reserve, Federal Reserve System, Federal Reserve Transparency Act, Financial Crisis, Fiscal Cliff, Government Accountability Office, IMF, Ron Paul, TBTF, United States, World Bank

by Julie Borowski/Townhall

No government institution is more secretive than the Federal Reserve. Believe it or not, the Central Intelligence Agency (CIA) is more transparent than the central bank of the United States. This is a huge cause for concern as the Fed dramatically affects the lives of every single American.

The Fed has never been fully audited in its nearly 100-year history. The American people only got a small glimpse of what happens behind closed doors last July. A watered-down audit conducted by the Government Accountability Office (GAO) revealed $16 trillion in Fed bailouts to banks and corporations around the world at the height of the recent financial crisis.

To put that gigantic number in perspective, the gross domestic product (GDP) of the United States is roughly $15.09 trillion. This means that all of the Fed’s liabilities in a couple years time frame were worth more than the total annual economic activity within the United States.

These bailouts were so secret that even Congress had no idea.

From Libya to the World Bank, the American people deserve to know where their money is being sent. The Fed’s inflationary policies have been driving up the cost of everything from food to gas. Opening the books on this secretive organization will put a stop to their bailouts.

The House of Representatives will vote on the Audit the Fed bill this afternoon sometime around 1:00-2:00 p.m. Watch it live on C-Span, HERE.

This is Your Last Chance to Take Action: Tell Your Congressman to Vote YES on Audit the Fed Bill!

Read more HERE.

YOU MUST: Pledge to call your Representative on Monday, July 23 for ‘Audit The Fed’

20 Friday Jul 2012

Posted by HattieBelle in Audit the Fed, Congress, Federal Reserve Transparency Act, House of Representatives, Indiana, Ron Paul, Urgent, Vote, Washington

≈ 2 Comments

Tags

Act Now, Audit the Fed, Call your Representative, Congress, Federal Reserve System, Federal Reserve Transparency Act, House, Ron Paul, Tuesday July 24, United States House of Representatives

Ron Paul first introduced his Audit The Fed bill on March 4, 1981.

Thirty-one years later, his Audit The Fed bill is on the verge of a stand alone up or down vote in the House.

HR 459, the Federal Reserve Transparency Act, is scheduled for a vote on Tuesday, July 24.

It will need a 2/3 majority vote to pass the House.

If all 432 Members of Congress are present (there are 3 vacancies), it will need 288 votes to pass. There are currently only 271 cosponsors.

Please pledge to spend TWO MINUTES on Monday, July 23 to call your Representative and urge him to support HR 459.

Ron Paul has been fighting for an audit of the Federal Reserve for 31 years. The very least we can do is spend two minutes urging our Representatives to support his bill, HR 459.

To find your Representative’s DC phone number:

1. Enter your zip code here:
http://house.gov/htbin/findrep?ZIP=

2. Then search for your Rep here:
http://house.gov/representatives/

RON PAUL DISCUSSES H.R. 459 AUDIT THE FED BILL.

Recent Posts

  • Holy Cow! The war on milk…
  • Corruption is Legal in America
  • Indiana candidates Stutzman & Young debate for US Senate Seat

Archives

  • April 2016
  • March 2016
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • September 2012
  • August 2012
  • July 2012
  • June 2012

About Elkhart County Grassroots Hub

  • About Elkhart County Grassroots Hub

2012 Election 2013 Activism American Bill of Rights Civic Engagement Civil Rights Community Community Service Event Community Services Compassion Constitution economy Education Elkhart Elkhart County Events Family times Food GOP Health Care Hoosier Indiana Jackie Walorski Neighbors Obamacare Politics Richard Mourdock Tea Party Volunteer
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Apr    
  • RSS - Posts
  • RSS - Comments

Blog at WordPress.com.

Cancel
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy