Greshy; eah I liked it; Here is a tad more on what you said.
RE > Many people, today, think that the flows into and out of the Mutual funds are just about the only liquidity flow that exists for our market. Who taught us to believe that pile of bullshit. To survive in the markets today we need to watch the people who own the
printing presses. <<<
Yes and just who does own the printing presses, it's not just
the U.S. Government..or the printing of dollars we need to be
concerned with. It goes beyond that.
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BANKERs and BROKERS have a way of printing more money than
the government does, it's as form of legalized counterfiting
The derivatives holdings of U.S. commercial banks increased 26.5% over the first nine months of 1997, up 50% from 1996. Chase Manhattan's derivatives exposure is equal to U.S. GDP and the U.S. banking system as a whole has $62 in off-balance sheet derivatives, for every dollar of equity capital and $5 for every dollar of assets on the banks' balance sheets. A loss of 1.6% on the banks' derivatives portfolio would be enough to wipe out the
ENTIRE EQUITY CAPITAL OF THE U.S. BANKING SYSTEM. ( emphasis mine
"The Bank for International Settlements reported in November 97 that $82.6 trillion in derivatives were held by 79 selected financial institutions in major nations at the end of 1996.
Chase Manhattan was tops on the list with $7.9 trillion or 31% of all U.S. bank derivatives.
Chase had $364 of derivatives for every dollar of equity and $22 in derivatives for every dollar in assets.
Next was J.P. Morgan with $6.2 trillion or $537 in derivatives for every dollar of equity. Seven top banks had $109 billion in equity and $1.7 trillion in assets compared to $24
trillion in derivatives, or $220 in derivatives for every dollar in equity and $14 in derivatives for every dollar in assets. They had 26% of all U.S. bank equity, 35% of U.S. bank assets and 95% of the derivatives. In the first nine months of 1997 about $190 billion of
asset-backed securities were issued, up 23% from 1996. It should be noted that J.P. Morgan's final 1997 quarter reflected $54 million in derivative losses and they designated $587 million of assets as non-performing derivatives for a total possible loss of $659 million.
Now, if this is just the tip of the ice berg.
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These dervatives are considerd as good as cash, as matter of fact the
Dollar is now based on them, more than they are the dollar.
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Louis T. McFadden and Congressional Record of June 10, 1932 -- pages 12595-12603: Mathematic proof: Federal Reserve policy immediately made it mathematically impossible for securities market not to crash.
You may never have heard of him, Will Rogers, or W.J. Bryan all of whom tried to wake the people up prior to the 29 crash.
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Congressman Louis T. McFadden served twelve years as Chairman of the Committee on Banking and Currency. On June 10, 1932, in the midst of the Great Depression, he addressed the House of Representatives, asking for investigations of criminal conspiracy to establish the privately owned 'Federal Reserve System'.
He requested impeachment of Federal officers who had violated oaths of office both in establishing and directing the Federal Reserve -- imploring Congress to investigate an incredible
scope of overt criminal acts by the Federal Reserve Board and Federal Reserve Banks.
He refers to crimes including Broad, ongoing subversion of democracy; Conspiracy to remove the gold behind our currency to the foreign principals of these banks; the Financing of foreign military expansion in Germany and Japan with the very same gold removed from our public reserves [evidently, in preparation for WWII]; And
conspiracy to bring about the Depression itself.
Mr. McFadden reports sufficient evidence the Federal Reserve understood beforehand the stock market would crash; and that the ramifications of the crash were such as a premeditated event designed to reap incredible gains at the cost of the people.
The further fact it was mathematically impossible the market could not crash after the Federal Reserve itself withdrew availability of further short-term credit on Black Friday, further emphasizes the probability the crash and Great Depression were in fact
a continuum of a broad, long-term scheme of international financiers who set up the 'Federal Reserve' on a great, drifting sand dune of public deception.
It is mathematically impossible the securities market could have survived policy changes executed by the Federal Reserve on Black Friday. Yet to this day, the investigations courageously
requested by Mr. McFadden have never been carried out by the 'Federal Reserve's' partners in government.
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The magnitude of the deception , and the depth of the out and out
criminal acts commited on the American people by this Government
are so staggering that even today we would prefer to live in denial than to take a good look at it.
If you want a real eye opener do a srearch on McFadden, and see if
you can find a Auto Biography.
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The Federal Reserve System began operation in 1914, and, true to vigilant public
anticipation, accomplished both principal ownership and ruin of the economy in 1929 --
just 15 years afterward. The careless rode a wave of inflation, straight to the doom of all.
Two attempts were made to take Mr. McFadden's life, including an attempted poisoning at a Congressional cafeteria: He passed away in 1935, under circumstances which many still contend are suspicious. With his passing, 'somehow', so too passed any serious
opposition to the Federal Reserve.
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A few words of what he had to say
Congressman Louis T. McFadden, before the House of Representatives, 1932:
Mr. Chairman, at the present session of Congress we have been dealing with emergency situations. We have been dealing with the effect of things, rather than the cause of things. In this particular discussion, I shall deal with some of the causes that
lead up to these proposals.
There are underlying principles which are responsible for
conditions such as we have at the present time, and I shall deal with one of these in particular which is tremendously important in the consideration that you are now giving
to this bill.
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 the people of the United States out of enough money to pay the national debt. The depredations and 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 United States; has bankrupted itself, and has practically bankrupted our government.
It has done this through the defects of the law under which it operates, through the maladministration of that law by 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.
Those 12 private credit monopolies were deceitfully and disloyally foisted upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions. Those bankers took money out of this country to
finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace with Germany and Russia, and thus drove a wedge between the allies in the World War.
It has been said that President Wilson was deceived by the attentions of these bankers and by the philanthropic poses they assumed. It has been said that when he discovered the manner in which he had been misled by Colonel House, he turned against that busybody, that "holy monk" of the financial empire, and showed him the door. He had
the grace to do that; and in my opinion he deserves great credit for it.
President Wilson was a victim of deception. When he came to the Presidency, he had certain qualities of mind and heart which entitled him to a high place in the councils of this Nation. But there was one thing he was not, and which he never aspired to be: He
was not a banker. He said that he knew very little about banking. It was, therefore, on the advice of others that the iniquitous Federal Reserve Act -- the death warrant of American Liberty -- became law in his administration.
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After the downfall of the Second Bank of the United Sates in 1837, the country was warned against the dangers that might ensue if the predatory interests, after being cast out, should come back in disguise and unite themselves to the Executive, and through him acquire control of the government. That is what the predatory interests did when they came back in the livery of hypocrisy, and under false pretenses, obtained the passage of the Federal Reserve Act.
The danger that the country was warned against came upon us and is shown in the long train of horrors attendant upon the affairs of the traitorous and dishonest Federal Reserve Board and the Federal Reserve Banks. Look around you when you leave this chamber and you will see evidences of it on all sides. This is an era of economic
misery; and for the conditions which caused that misery, the Federal Reserve Board and Federal Reserve Banks are fully liable.
This is an era of financed crime; and in the financing of crime, the Federal Reserve Board does not play the part of a disinterested spectator.
Thus the menace to our prosperity, so feared by Senator Lodge, has indeed struck home. From the Atlantic to the Pacific our country has been ravaged and laid waste by the evil practices of the Federal Reserve Board and the Federal Reserve Banks, and the interests which control them. At no time in our history has the general welfare of the
people of the United States been at a lower level, or the mind of the people so filled with despair.
Recently, in one of our states, 60,000 dwelling houses and farms were brought under the hammer in a single day. [foreclosed upon and sold] According to Rev. Father Charles E. Coughlin, who has lately testified before a committee of this House, 71,000
houses and farms in Oakland County, Michigan have been sold, and their erstwhile owners disposed.
Similar occurrences have probably taken place in every county in the United States.
The people who have thus been driven out are the wastage of the Federal Reserve Act.
They are the victims of the dishonest and unscrupulous Federal Reserve Board and the Federal Reserve Banks. Their children are the new slaves of the auction block in the revival here of the institution of human slavery.
In 1913, before the Senate Banking and Currency Committee, Mr. Alexander Lassen
made the following statement:
"But the whole scheme of the Federal Reserve Bank, with its commercial
paper basis, is an impractical, cumbersome machinery -- is simply a cover to find a way to secure the privilege of issuing money and to evade payment of as much tax upon the circulation as possible -- and then to control the issue, and maintain instead of reduce, interest rates.
"It is a system that, if inaugurated, will prove to the advantage of the few, and the detriment of the people of the United States.
A few days before the Federal Reserve Act was passed, Sen. Elihu Root denounced the Federal Reserve Bill as an outrage on our liberties; and made the following prediction:
"Long before we wake up from our dreams of prosperity through an inflated currency, our gold will have vanished, and no rate of interest will tempt it to return.
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If ever a prophecy came true, that one did. It was impossible however, for those luminous and instructed thinkers to control the course of events. On December 23, 1913
[in the absence of critical legislators], the Federal Reserve Bill became law; and that night Colonel House wrote to his hidden master in Wall Street.
" We all know that an entirely perfect bill, satisfactory to everybody, would have been an impossibility; and I feel quite certain that fair men will admit that unless the President had stood as firm as he did, we should likely have had no legislation at all.
"The bill is a good one in many respects -- anyhow good enough to start with... and to let experience teach us in what direction it needs perfection, which in due time we shall then get. In any event, you have personally good reason to be gratified with what has been accomplished.
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The words, "unless the President had stood firm as he did, we should likely have had no legislation at all," were a gentle reminder that it was Colonel House, himself, the "holy money monk," who had kept the President firm.
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The Federal Reserve Act became law the day before Christmas Eve in the year 1913. And shortly afterwards, the German international bankers, Kuhn, Loeb & Co., sent one of their partners here to run it.
In 1913, when the Federal Reserve Bill was submitted to the Democratic caucus, there was a discussion in regard to the form the proposed paper currency should take.
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When the provision for the issuance of Federal Reserve Notes was placed before President Wilson, he approved of it. But other Democrats were more mindful of Democratic principles; and a great protest greeted the plan.
Foremost amongst those who denounced it was William Jennings Bryan, the Secretary of State. Bryan wished to have the Federal Reserve Notes issued as government obligations.
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Before the Senate Banking and Currency Committee, while the Federal Reserve Bill was under discussion, Mr. Crozier, of Cincinnati, said:
"In other words, the imperial power of elasticity of the public currency is wielded exclusively by these central corporations owned by the privet banks.
This is a life and death power over ALL local banks AND ALL BUSINESS. It can be used to create or destroy prosperity, to ward off or cause
stringencies or panics.
By making money artificially scarce, interest rates throughout the country can be arbitrarily raised -- and the bank tax on all business, and cost of living, increased for the profit of the banks owning these regional, central banks -- and without the slightest benefit to the people.
These 12 corporations together cover the whole country, and monopolize
and use for private gain EVERY dollar of the public currency -- and all public revenues of the United States.
NOT A DOLLAR can be put into circulation among the people, by their government, without the consent of, AND ON TERMS FIXED BY, these 12 private money trusts.
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Well I could go on , but you got the idea, calling The Federal Reserve "federal" is really misnomer as it is not a government
body, but a franchise that was granted to some select privet bankers,
most of them foreign to regulate our money for us. The Country was sold and tricked out of it's sovernty. GreenSpan is now the
holy money monk. You may be well off today but you can be poor
as dirt any time they want to bring the hammer down, and they will
if we don't dance to the tune they want us too.
Mean while they have created a money of their own, called dervitives
and have based our dollar on their inventions.
There are dervitives on beans to be grown in South America, 10 years
from now..it doesn't matter that the seeds have not been grown yet.
These none existing beans of the future are not only traded like
dollars, they are 22 times more valuable than the dollar. <G>
If a Cocaine grower in Columbia wishes to send a cargo of Cocaine to the United States, he can draw his bill against the purchasing drug dealer for some none existing futures in coffee but in dollars; and after the drug dealer has accepted it by writing his name across the face of it, the Cocaine grower can send that bill to the nefarious open discount market in New York City, where the Federal Reserve Board and the Federal Reserve Banks will buy it and use it as collateral for a new issue of Federal Reserve Notes.
Jim
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