Tag Archives | Federal Reserve

Federal Lawsuit Claims Illuminati Groups Stole $1.1 Trillion

Owl of MinervaFrom Courthouse News Service:

An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes.

The 111-page federal complaint involves a range of entities common to conspiracy theorists, including the Vatican Illuminati, the Masons, the “Trilateral Trillenium Tripartite Gold Commission,” and the U.S. Federal Reserve.

Plaintiff Neil Keenan claims he was entrusted in 2009 with the financial instruments – which included U.S. Federal Reserve notes worth $124.5 billion, two Japanese government bonds with a combined face value of $19 billion, and one U.S. “Kennedy” bond with a face value of $1 billion – by an entity called the Dragon Family, which is a group of several wealthy and secretive Asian families.

“The Dragon family abstains from public view and knowledge, but, upon information and belief, acts for the good and better benefit of the world in constant coordination with higher levels of global financial organizations, in particular, the Federal Reserve System,” Keenan claims.

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The Bank Bailout Was Actually $8 Trillion

largeAh, free-market capitalism — the economic system that works best, provided that one infuses $8 trillion to stave off total collapse. The Atlantic Wire writes:

Remember the $700 billion Troubled Asset Relief Program with which the federal government came to the rescue of faltering banks in 2008? Well, according to a Bloomberg report, that was just a fraction of the financial help the Federal Reserve Bank wound up doling out to troubled lenders. The real total was reportedly closer to $8 trillion, after you add up benefits outside TARP, including emergency loans given at below-market rates:

The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S.

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Dennis Kucinich Tells Occupy Wall Street We Must Nationalize the Federal Reserve (Video)

Via: Infowars.com:

Congressman Dennis Kucinich (D-OH) today released the following video and statement in support of the protestors on Wall Street and around the country who have identified themselves with the hashtag #OccupyWallStreet:

“To the young men and women who are braving the overreaction of local authorities to raise their voices against the corruption and manipulation of our nation that emanates from Wall Street: I say to you that your presence is making a difference. You are exercising the right every American holds most dear, the right of freedom of expression, and with that expression you are finally getting the attention of the nation.

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Why The Ron Paul Presidential Run Will Be A MUCH Bigger Deal This Time Around

Ron PaulWill Ron Paul be a serious presidential contender for the 2012 election? Joe Weisenthal writes for Business Insider:

It’s just obvious that in the last four years, since the last time Ron Paul ran for President, the ideological center of gravity in the GOP — and the whole country for that matter — has shifted a lot closer to Ron Paul’s position.

In 2008, Paul ran a cult campaign as a libertarian, anti-Fed, anti-war Republican.

At the time, nobody in the GOP really cared about the Fed, and for the most part, Bush’s wars enjoyed broad support.

Today they’re Obama’s wars, and the Fed is one of the most disliked institutions around, taking daily abuse even from mainstream outlets like CNBC.

It’s inconceivable to think that in the GOP primary, candidates won’t be asked for their position on Bernanke, quantitative easing, the role of the dollar, and of all the candidates, only Ron Paul has made a career on all these issues.

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Federal Reserve Chairman Ben Bernanke Holds First Fed Press Conference in History

Fed BenInteresting timing, wouldn’t you say? Dan Arnall reports on ABC News:

Westminster Abbey and the Royal Wedding are so overhyped; the historic story of the week will take place on C Street in Washington, D.C. [on April 27th, the same day the media was hell-bent in discussion of Obama's birth certificate]

At 2:15 p.m. ET [on April 27th], Ben Bernanke, chairman of the Federal Reserve, will make waves in the world of economists and Wall Streeters. For the first time in the 98-year history of the nation’s central bank, the chairman will talk to the press after an interest rate decision, fulfilling a promise he made at his first confirmation hearing back in 2005.

At the time he said, “Under Chairman Greenspan, monetary policy has become increasingly transparent to the public and the financial markets, a trend that I strongly support.”

Most Fed watchers don’t expect Bernanke to make any surprising observations about the economy.

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How Ayn Rand Tanked The Economy

Screen-shot-2011-04-11-at-9.46.35-PM-e1302612380309Ayn Rand was a godawful writer, and in ironic fashion her philosophy failed disastrously in her personal life. Yet decades after her death, her work’s destructive influence has never been stronger. The Awl rips apart the “Objectivist” doctrine championed by Rand and one of her most adoring disciples, former Fed chief Alan Greenspan:

That pill-popping, boy-crazy nincompoop Ayn Rand has got a lot to answer for. Indeed, it’s not too much of a stretch to say that we owe at least part of the recent economic crisis to her and her philosophy of Objectivism, since former Fed chief Alan Greenspan was a lifelong disciple of both.

The two first met in the ’50s. Back then, a gang of acolytes, calling themselves the Collective, used to gather at Rand’s apartment on East 36th Street every Saturday night so they could tell each other how smart they all were. Along came Greenspan one evening, shy and somber.

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