Showing posts with label US treasury. Show all posts
Showing posts with label US treasury. Show all posts

Sunday, December 30, 2012

No More MSM Deception: How About Some Truth in 2013?

25 Pertinent Facts That The Mainstream
Media Wouldn't Discuss in 2012


During the Hitler dictatorship in Germany from the 1930's up to the mid-40's, there was a branch of the government called "The Ministry of Propaganda" that dished out a torrent of profane distortions about Jewish people, and later the outcome of the war itself. It was headed by a guy named Joseph Goebbels, who committed suicide at the end of the war rather than face capture, which would surely have been followed by a death sentence at the Nuremberg Trials. Today in America, we have a similar position within the White House staff that we call the Press Secretary, who can be seen regularly on the evening news. He serves the same function, he just has a far more innocuous title than "Propaganda Minister". This person's job -- and I have noticed regular personnel changes -- is to spoon-feed the media the information du joir of the day. Everybody knows that the media is told what to say and how to say it, and yet there a few protests about it. Today's message is my small contribution towards demanding some truth from our news sources. No more US Government propaganda please, we have all had a bellyfull already!


For decades, the mainstream media in the United States was accustomed to being able to tell the American people what to think and how to think it. Unfortunately for them, a whole lot of Americans are starting to break free from that paradigm and think for themselves. A Gallup survey from earlier this year found that 60 percent of all Americans “have little or no trust” in the mainstream media. More people than ever are realizing that the mainstream media is giving them a very distorted version of “the truth” and they are increasingly seeking out alternative sources of information. In the United States today, just six giant media corporations control the mainstream media. Those giant media corporations own television networks, cable channels, movie studios, radio stations, newspapers, magazines, publishing houses, music labels and even many prominent websites. But now thanks to the Internet the mainstream media no longer has a complete monopoly on the news. In recent years the “alternative media” has exploded in popularity. People want to hear about the things that the mainstream media doesn’t really want to talk about. They want to hear news that is not filtered by corporate bosses and government censors. They want “the truth” and they know that they are not getting it from the mainstream media. That's also one of the primary reasons why people are doing away with cable TV as I have. It's not just the money saved from unsubscribing to cable TV, it's the fact that everybody knows everything they are watching is a load of BS.


We are watching a media revolution happen, and many in the mainstream media are totally freaking out about it. In fact, some in the mainstream media have even begun publishing articles that mock the American people for not trusting them. For example, a recent CNN article entitled “Still ‘paranoid’ after all these years” portrayed Americans that don’t trust the media as paranoid conspiracy theorists that have left rationality behind. Ever have the feeling you’re being lied to by the news media, the authorities, the corporate world? That somebody — or something — is out to get you? You’re not alone. Welcome to 21st-century America. Look around. Trust is hitting historic lows. Just a third of Americans have a favorable view of the federal government, a decline of 31% since 2002, according to the Pew Center for People and the Press. Gallup has Congress’ approval rating is in the low 20s, after nearing single digits last summer. And the news media aren’t much better off. “Negative opinions about the performance of news organizations now equal or surpass all-time highs on nine of 12 core measures the Pew Research Center has been tracking since 1985,” a Pew report said this past summer. The article goes on to make it sound like it is very irrational not to trust the media, but in this day and age it is imperative that we all learn to think for ourselves. Blindly trusting someone else to do your thinking for you is very dangerous.


Anyone that does not acknowledge that the mainstream media has an agenda is not being honest with themselves. The mainstream media presents a view of the world that is very favorable to their big corporate owners and the big corporations that spend billions of dollars to advertise on their networks. The mainstream media is the mouthpiece of the establishment, and the worldview being pushed on the big networks is going to be consistent with the economic, financial, political and social goals of the establishment. The mainstream media loves to talk about things that fit with that agenda, and they don’t like to talk about things that suggest that there is something wrong with that agenda. The following are 25 facts that the mainstream media doesn’t really want to talk about right now:

#1 The mainstream media doesn’t really want to talk about the fact that gun sales are absolutely skyrocketing in the aftermath of the horrific tragedy at Sandy Hook Elementary School.

#2 They also don’t really want to talk about the fact that disarming the population has resulted in some of the most horrific massacres in human history.

  • 1911 – Turkey disarmed it’s citizens, and between 1915 – 1917 they murdered 1.5 million Armenians.
  • 1929 – Russia disarmed it’s citizens, and between 1929 – 1953 they murdered 20 million Russians.
  • 1935 – China disarmed it’s citizens, and between 1948 – 1952 they murdered 20 million Chinese.
  • 1938 – Germany disarmed it’s citizens, and between 1939 – 1945 they murdered 16 million Jews.
  • 1956 – Cambodia disarmed it’s citizens, and between 1975 – 1977 they murdered 1 million Educated people.
  • 1964 – Guatamala disarmed it’s citizens, and between 1964 – 1981 they murdered 100,000 Mayan Indians.
  • 1970 – Uganda disarmed it’s citizens, and between 1971 – 1979 they murdered 300,000 Christians.

#3 They don’t really want to talk about the fact that a bill allowing for the “indefinite military detention of US citizens on American soil” was passed by the U.S. Senate on Friday. Never mind that it's completely unconstitutional (see the Bill of Rights 4th amendment, among other places in the US Constitution).

#4 They don’t really want to talk about the fact that volcanoes all along the Ring of Fire are roaring to life. It seems like a new eruption is being reported every few days now. In fact, a red alert has just been issued for a massive volcano that sits along the border between Chile and Argentina.

#5 They don’t really want to talk about the fact that the use of genetically engineered seeds has caused on explosion of new “super weeds” that are incredibly difficult for farmers to kill.

#6 They don’t really want to talk about the fact that renowned trends forecaster Gerald Celente is predicting a “financial disaster” in 2013.

#7 They don’t really want to talk about the fact that it is easier to get into Harvard than it is to get a job as a flight attendant in America today.

#8 They don’t really want to talk about the fact that nearly 400 TSA employees have been fired for stealing from travelers since 2003. Our tax dollars hard at work. Nice.

#9 They don’t really want to talk about the fact that giant corporations such as Facebook are funneling gigantic amounts of money through offshore banking havens such as the Cayman Islands in an effort to avoid taxes.

#10 They don’t really want to talk about the fact that the U.S. dollar is in danger of losing its status as the primary reserve currency of the world. If this were to occur -- and it might -- financial calamity would surely follow.

#11 They don’t really want to talk about the fact that president Barack Obama has gone off to vacation in Hawaii while the rest of the nation hopes for a fiscal cliff deal to get done. Of course the mainstream media has to mention that he is on vacation because they always keep track of what the president does, when in actuality they should be doing a much better job keeping track of Wall Street speculators, their bankers, and all their filty lucre.

#12 They don’t really want to talk about the fact that there are government websites that give immigrants instructions about how to come over to our country illegally and then apply for SNAP benefits while formerly middle class American workers and their children starve for lack of work.

#13 They don’t really want to talk about the fact that the U.S. economy is losing millions of jobs to nations where it is legal to pay workers slave labor wages. Actually, this process is already started in the US as well, due to the fact that no one can live on a minimum wage paycheck. The mainstream media is totally married to the one world economic agenda that their corporate owners make so much money from, and so they say nothing as a steady stream of businesses and jobs continue to leave the country.

#14 They don’t really want to talk about the fact that the recent tax increase is causing large numbers of wealthy individuals to consider moving out of the state of California.

#15 They don’t really want to talk about the fact that hunger and poverty are absolutely exploding in the United States at the same time that they are telling us that the economy is “recovering”.

#16 They don’t really want to talk about the fact that North Korea now has a three-stage rocket with enough range to potentially hit the western United States.

#17 They don’t really want to talk about the fact that the United States Postal Service is losing 25 million dollars a day and is on the verge of financial collapse.

#18 They don’t really want to talk about the fact that our biggest oil supplier in the Middle East, Saudi Arabia, still kills people for changing religions.

#19 They don’t really want to talk about the fact that political correctness is taking over America. The truth is that the media does not see any problem with that at all.

#20 They don’t really want to talk about the fact that nearly half a million employees of the federal government are making more than $100,000 a year.

#21 They don’t really want to talk about the fact that the birth rate in the United States fallen to an all-time low. The elite are actually absolutely thrilled that less babies are being born.

#22 They don’t really want to talk about the fact that violent crime in the United States increased by 18 percent in 2011 and that many major U.S. cities are seeing violent crime totally spiral out of control.

#23 They don’t really want to talk about the fact that Barack Obama received more than 99 percent of the vote in more than 100 precincts in Ohio on election day.

#24 They don’t really want to talk about the fact that during the first four years of the Obama administration, the U.S. national debt grew by about as much as it did from the time that George Washington took office to the time that George W. Bush took office.

#25 They don’t really want to talk about the fact that the Federal Reserve created the conditions for the last financial crisis and their mismanagement of the economy has now brought us to the verge of another horrible economic downturn. According to the mainstream media, the Federal Reserve is “above politics” and should not be criticized. Maybe the Federal Reserve should be nationalized so that printing and coining money returns to the auspices of the US Treasury like our Constitution specifies. All the US top-tier leadership needs to do is return to the original Constitution. It's the perfect way to wipe out the so-called national debt.

Sunday, September 2, 2012

A Labor Day Call to Arms For US Workers

The Battle Cry of the American Worker
(excerpt from, “The Middle and Working Class Manifesto” by Rev. Paul. J. Bern)


When in the course of current events the constituency of the United States finds itself oppressed and hemmed in by that political body which governs us, and when the working people of this great country which I love so much finds itself with its backs against the wall due to circumstances and situations which are beyond our control, it naturally become the patriotic duty of every concerned American to stand up to and to oppose that which suppresses and restricts the God-given freedoms spelled out in our US Constitution, and to draw a line in the sand of civilization that guarantees the health, wealth and prosperity of us all. As peaceful and law-abiding citizens, we have been governed by the rule of law which is summarized in a document that working Americans continue to revere, none other than the Constitution of the United States, in keeping with the time-honored traditions passed down to us by our founding fathers. But lately our sacred Constitution has been bastardized and prostituted not only by those in power within the federal government, but more directly by the armies of corporate lobbyists who have invaded Washington and seized control of our executive, legislative and judicial branches of government for the sole express purpose of engineering a bloodless coup de etat that is being carried out not by bullets but by vast sums of money that are at once immoral, illegal, and a veritable avalanche of green and greedy corruption. The sole express purpose of this financial invasion is to forcibly liquidate the middle and working classes in this great country of ours. This is being done deliberately and with sinister calculation by the wealthiest Americans from Wall Street to a myriad of corporate boardrooms all across America, orchestrated by the unconstitutional Federal Reserve and its minions, for the sole express purpose of focusing and concentrating all available wealth into the kleptomaniac-like hands of the top 1% of wage earners and big business owners all across America. In fact, I further submit and assert that this is all being done at the expense of the US middle and working classes, the result of which is to force an ever-increasing number of working Americans from all walks of life into ever-increasing poverty.



With mass unemployment, a veritable storm of foreclosures, increasingly unaffordable healthcare, and with higher education rapidly becoming further out of reach for the US middle class and particularly for the poor, it is becoming increasingly apparent that the middle class and working people here in the good old USA finds themselves surrounded and besieged by an army of the usurpers of power in our country. As a direct result, more and more working Americans, the people who are the backbone of the US economy, are forced into moving in with friends and family members to stave off what would otherwise be a pandemic outbreak of homelessness and despair. And it's all because people can't find jobs.


In point of fact, the are now more college-educated people living in homeless shelters, under bridges or in their cars – if they are lucky enough to still own a vehicle – than at any other time since the Great Depression of the 1930's. And that is a social injustice and a moral outrage. Indeed, the circumstances and situations that the middle and working classes in the US find themselves in today are a series of gross social injustices that demands a sharply focused and well-coordinated response from the entire populace, a rebuttal and decisive counterattack designed and intended to right, correct and re-balance US political power back into the hands of the overwhelming majority of American citizens to whom it rightfully belongs. There can be no doubt that class warfare has been declared in the US, perpetrated by the wealthy against the middle and working classes, for the sole express purpose of eliminating from society the constitutional majority of working Americans, with the end result being the complete and merciless liquidation of middle and working class wealth, general prosperity, and even our health. This has been accomplished by the largest transfer of wealth in all of human history, and it has been manifested in four different ways.



First, the employment of American workers has been decimated by closing down manufacturing facilities and shipping jobs overseas to the third world for pennies on the dollar. The result of this has been mass unemployment of many millions of American workers, and those jobs in the American manufacturing sector, which was once the world's largest and whose direct result was victory in World War Two, are very likely to never return. One direct effect this has had is the gradual elimination of labor unions in this country, and the US labor movement is now on life support as a result. All the wages of the blue collar sector of the US economy are now redirected into the pockets of the top 1% of the American populace in terms of net wealth, not to mention the benefits and retirement pensions of these same people who made these corporations into the mega-companies that they are today.



Second, the retirement savings of the middle and working classes have been severely compromised or even liquidated altogether by the crooked and devious manipulations of Wall Street bankers, market speculators, hedge fund managers and corporate boards of directors who engineered the largest swindle in human history back in 2008. This criminal act resulted in the US government bailout know as TARP, an $850 billion bank robbery of the US Treasury conceived and carried out by the same Ponzi-schemers who ran the US economy into the ground in the first place. The cost of this bailout has been put on the backs of the middle and working classes, their children and grandchildren, and has generated a federal government budget deficit that has exceeded $14 trillion dollars as I write this, a staggering sum that threatens to bankrupt the country and destroy the formerly good credit rating of the United States. 
 


As a matter of fact, in only one generation our great country that I love so much has been transformed from the world's greatest lender to its greatest borrower, with the majority of this debt being financed by China. One of these days China is going to get tired of lending us money and will at that point call in the debt, which America may not be able to repay, particularly if China refuses to accept US dollars as a form of repayment. If the value of the dollar were to collapse for any reason, that is exactly what would occur. I shudder to think of what would happen next, with China taking large chunks of American collateral to satisfy this crushing debt load. This could even lead to Chinese troops on our western shores in a worst case scenario. The final collapse of the US economy would inevitably follow, descending into another American civil war that will make the current conflicts in Syria and Greece look like a day care center in comparison.



Third, the largest transfer of wealth in human history is being enforced by runaway prices for college and university tuition that are being deliberately engineered by wealthy elitists for the sole express purpose of putting higher education financially out of reach for an increasing majority of the American middle class. And those who do make it into colleges or universities are finding themselves buried under an overwhelming pile of student loans, some of which are so huge that they end up well into six figures, larger even than some home mortgages. These student debt loans are so enormous that an increasing number of graduates find themselves moving back in with their parents, or sharing living quarters with friends and acquaintances, when they finally do graduate. These same hard-working graduates are now increasingly finding that they can't find suitable employment upon graduation, or are winding up in menial jobs that pay so poorly they can't repay their student loans. This ruins their credit ratings, making it even harder for them to find employment. What good is a four-year degree if you wind up flipping hamburgers, selling shoes or digging ditches? Meanwhile, the best jobs, the best educations, and the best incomes are reserved for the wealthy and their families.



Fourth, the largest transfer of wealth in human history is being reinforced by a healthcare system that has become so expensive that over 54 million Americans can no longer afford health insurance. This has left an increasing percentage of working Americans one accident or catastrophic illness away from bankruptcy, and all without remedy. Worse still, the average cost of medical care for US senior citizens from the time they retire until their death is $250,000.00 as of 2012. As more and more US workers find themselves unable to afford health coverage, an increasing number of people are putting off doctor and/or dental visits and not refilling needed prescriptions for purely financial reasons, and the physical and mental health of these hapless individuals slowly erodes away as a direct consequence.



There are tens of millions of formerly middle class people just like me all across the country who find themselves in similar circumstances to varying degrees of severity. Many have not been as fortunate as me. They have lost jobs or entire careers like I have, been forced out into the street due to the epidemic of foreclosures throughout the land, had their cars repossessed leaving them with no way to get to work assuming that they are lucky enough to still have jobs, and are hounded by collection agencies for debts great and small. They have no access to health care except to show up at the local emergency room with no way to pay the bill, putting them even deeper into debt than they already are. They have watched their pensions and their retirement savings evaporate due to market manipulations by unscrupulous “financial managers” who earn obscene bonuses whether they succeed or fail, and all at the expense of their clients. Either that or they have spent their savings during interminably lengthy periods of unemployment after their jobs were downsized or out-sourced overseas to the third world, never to return again. 
 


The same goes for the best health care, the nicest cars and boats and even airplanes, and the best retirement plans. All of this and more are systematically being procured by the top 1% of wage earners in the US at the expense of everybody else. It's steak for them and beans for the rest of us, and the portions for the middle and working classes are getting ever smaller each day. There is no question whatsoever that class warfare has been declared by the rich, powerful and well-connected, and all at the expense of over 99% of the rest of America. I think it's time to fight back, and that is why I began writing about this in 2010. My books and this author are the new voice of dissent in middle America. It is not right-wing nor is it from the left, but rather it is written from from the standpoint of middle America and from the vantage point of the oppressed multitudes who are crying out for relief and rescue from the perilous circumstances and life-threatening situations that working Americans from all walks of life find themselves in.



This book is a wailing civil defense siren ringing out across the land that I love. It is a warning buzzer on the basketball court of life signifying that a new middle class team of endless depth is now taking the court, sending the wealthy and powerful to the showers so that the stench of corruption can be washed from them because they so desperately need it. It is the national anthem of true American patriotism being played before the start of a baseball game signaling that the new expansion team from middle America is about to take the field. This book is an air raid siren sounding out across the land of the rich and powerful as a warning that the middle and working class counterattack is about to commence. (My latest book, “Occupying America: We Shall Overcome”, takes up where the first one left off and predicts mass civil unrest in America in 2012 and beyond.)



No more will we stand and stare or sit and grumble about having our houses, jobs, cars, savings, health, higher education and our retirements forcibly taken away wholesale while an ever greater portion of American wealth is concentrated into the hands of a small minority of multimillionaires. It is time for the middle and working classes to put our collective foot down and say”no more”. The time has arrived for us to take back our country by any and all means possible. It is time for political power to be taken out of the hands of corporate America and their invading hordes of lobbyists who would presume to take over our country by means of economic warfare, and to place it back into the hands of “we the people”, the true owners of this great country of ours. And we will do so knowing that history and our founding fathers are on our side, because they left us with a sacred document known as the Constitution of the United States that guarantees us that right. Our free speech and freedom of expression that are guaranteed under the First Amendment, as well as our right to keep and bear arms and to form militias that are guaranteed under the Second Amendment, will not be compromised or trampled upon. We will demonstrate in the streets, we will besiege government buildings, we will bombard our congressmen and women with phone calls and emails, we will form new political parties, we will organize and build labor unions, we will blockade wealthy neighborhoods, we will organize peaceful public events and non-violent sit-ins, we will call general strikes and consumer boycotts, and we will not stop until the balance of power in this country undergoes a paradigm shift back into the hands of hard-working Americans, as well as those who want jobs and can't find them.



We will fight from the highest mountains, from the lowest valleys, from the rooftops of buildings, we will fight in the cities and in the countryside, from the Jersey shore to the beaches of the west coast, and from the Canadian border down south to the border with Mexico. We will not stop until we get our country back, and we shall never surrender. If the government mistakenly labels us as domestic terrorists, which we most certainly are not, then we shall call ourselves freedom fighters and American patriots. We shall fight with non-violent civil disobedience, we shall – so far as it is possible – demonstrate and march peacefully throughout the land, until we get our country restored to us, the workers of America, to whom it rightfully belongs. 

 

Let there be no mistake, America is overdue for mass civil disobedience, and it is ripe for outright revolution. The conditions and circumstances in which the US middle and working classes find ourselves has become intolerable. President John Kennedy once said, “Those who make peaceful protest impossible will make violent revolution inevitable”. Personally, I am a very patient and thoughtful man. I work hard each day to be slow to speak and quick to listen because I know from experience that there is much wisdom to be derived from living my life this way. But by the same token, I am a Christian man whose patience is at its end. Just as surely as Jesus preached against the political and religious establishment of His day, in like manner I will do the same in the present day in order to emulate the man I regard as my personal Savior. So, if you truly care about the deteriorating state of our nation, if you are really concerned about the issues that we are faced with collectively as a people, and if you want to make a stand against social and economic injustice, you owe it to yourself to read these books. It is my sincere hope that, after reading it, you will be inspired to take decisive action against the rich and powerful who are slowly enslaving us all.

Sunday, August 19, 2012

Why Is America's Monetary System Broken?

The Monetary System is Broken
by Rev. Paul J. Bern


Another area where the movers and shakers on Wall Street have gotten completely out of control has been salaries, and especially the outrageous bonuses, being paid to Wall St. executives. This problem has been ongoing for a long time, and it continues to get worse. The scenario usually works out something like this: A global financial catastrophe occurs a la 2008. An outraged public shakes pitchforks at the corporate culprits. Lawmakers respond by proposing some new bullshit laws that appear to require corporations to more fully disclose what they’re doing. Corporate America, sensing encroachment on their hunting territory, goes ballistic. Sound familiar? We’ve seen this story play out before. In fact, we’ve seen this story play out after almost every grand corporate catastrophe over the last 80 years.



For example, back in 1933, with the nation still reeling from the 1929 stock market crash, President Franklin Roosevelt pushed for legislation that required firms to register securities trades and provide basic financial information. That act eventually passed despite fanatical Wall Street opposition. A more modern example? In 1984, a Union Carbide chemical leak killed thousands in India’s Bhopal. U.S. lawmakers had to battle relentless industry opposition before they could pass a right-to-know law on toxic emissions.



Runaway executive pay, almost all analysts now believe, played a key driving role in the run-up to the Great Recession. Executive pay excesses, as President Obama has put it, “have contributed to a reckless culture.” By attempting to avoid the issue, it seems clear that corporations simply want to avoid embarrassment and public outrage, not to mention the attention of congressional investigators, the Office of Management and Budget and the US Attorney General's office, among others. If we are going to be successful in reversing this trend for the purpose of redirecting America's cash flow from the top 1% back in favor of the rest of us, the remaining 99% of Americans will have to forcibly take back what has been shamelessly stolen from us. Political and economic power is never surrendered voluntarily, so forcibly retaking it is the 99%'s only option as of now. Is this too much to ask of ourselves? I think not. In fact, I made up my mind a long time ago that this is the very purpose for which I have been born.



Outrageous pay packages, research indicates, encourage outrageous executive behaviors that range from high-risk investing gambles to outsourcing jobs and cooking the corporate books. The wider the pay gap between the guy in the corner suite and that guy’s workers, the lower the workforce morale, the higher the turnover. In other words, the more cash we let corporations stuff in executive pockets at employee expense, the less competitive our corporations become. Is this any way to run the richest country in the world? Whose lame-brain idea was this to begin with?



Is it any wonder that the US economy has been run into the ground when we find such egregious examples of inexcusable mismanagement, criminal malfeasance and offensive buffoonery? It is abundantly clear to me that the system has been abused so badly that it is no longer functional. Allow me to present a couple of examples taken straight from the Web on what happens when abusive people who also happen to be exceptionally greedy take control of our country's entire governmental system. Vast sums of money are being quietly diverted from the wallets, pensions, banking and investment accounts of the American public just by changing the tax laws to favor the ultra-rich.



Tax cuts for the wealthiest five percent of Americans cost the U.S. Treasury $11.6 million every hour, according to the National Priorities Project. America’s top earners will get an average tax cut of $66,384 in 2011, while the bottom 20 percent will get an average cut of $107. These enormous tax cuts are weighing on the national debt. The non-partisan Center for Budget and Priorities found that the Bush tax cuts costs about the same as the shortfall from Social Security in the ten years after they were signed into law. If the U.S. reverted to Clinton-era marginal tax rates, the U.S. Treasury would net an additional $72 billion annually, according to Citizens for Tax Justice. In addition, increasing taxes on the wealthy could also help to narrow the widening wealth gap. The net worth of the bottom 60 percent of U.S. Households – about 100 million households – is lower than that of Forbes 400 richest Americans. Tax cuts for the wealthy provided Americans making more than $1 million with a $128,832 benefit, while Americans earning from $40,000 to $50,000 got an $860 benefit on average.



Besides the broken tax system, as if this set of problems were not enough, we have a broken monetary system. The US Federal Reserve was created on December 21st, 1913 and given a 99 year lease to print America's money. This lease was given to an organized group of nameless, faceless investors who formed a private holding company that is the de facto sole proprietorship of the Federal Reserve. (The Federal Reserve Bank is not a public entity, and never was). That 99-year lease expires on December 21st, 2012. What happens after that is anyone's guess, but you can be sure there will be some kind of power grab made by either US government or corporate entities, or more likely a combination of the two. What many people don't realize is that the US Constitution gives the right to mint money to the Department of the Treasury to begin with, and that the Federal Reserve Bank in its current form is completely unconstitutional and has been from the start. To make matters worse, in all the time the Federal Reserve has been in existence it has never – ever – been audited until just recently. Nobody in Washington, not even the president, knows the true state of the Federal Reserve as I write this, although I have no doubt that many in DC will claim that they do. For that reason, senator Bernie Sanders, an independent US senator from Vermont with (thankfully) no party affiliation, sponsored a bill calling for an audit of the Federal Reserve system that was made public in the summer of 2011. He published a blog post regarding this first-ever Fed audit that was widely cross-posted on the Web, and I offer a short excerpt of what the senator wrote.


The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."


Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the President. One thing already is abundantly clear. The Federal Reserve must be reformed to serve the needs of working families, not just C.E.O.'s on Wall Street....”


The so-called “national debt” is nothing more than the indebtedness of the US Government to the Federal Reserve for the money it prints for our government. For example, when current Federal Reserve chairman Ben Bernanke initiated what he called “QE2” (for quantitative easing), what actually occurred was the need for Washington to borrow more money. This necessity was met by having the Fed print what we now know was $16 trillion dollars in order to flood American markets with liquidity. Unfortunately for the American people, there was a price tag to be paid in the form of interest on the money that the Fed printed. And so it turns out that the United States has to borrow to print its own money, an arrangement whose legality is highly questionable and whose very existence is contrary to the best interests of the United States.



I'm not a politician and have no plans to become one, but if I were President I could solve America's national debt problem in one afternoon. On the first day I am in office, I would send certain platoons of US soldiers to seize control of the Federal Reserve Banks in Washington and all other locations throughout the country, along with local police SWAT teams to arrest all the directors and managers along with anyone else who opposes us. They will all be charged with treason for ruining the financial health and general welfare of the US, or with being accessories to the same, and they will be prosecuted. The Federal Reserve will be immediately nationalized, with the authority to manage and oversee returned to the Department of the Treasury where it belongs, pursuant to Article 1, section 8 of the US Constitution, which says this: “Congress shall have the power... to coin money, regulate the value thereof, and of foreign coin, and to fix the standards of weights and measures”.... Bye bye national debt! In fact, maybe the Federal Reserve banks across the US should be “occupied” until they are returned to the rightful owners, the American people. Now THAT would be something to see!