Saturday, February 8, 2014

Brandon Smith: The Private Swindle of Private American Wealth Has Begun

Brandon Smith: The Private Swindle of Private American Wealth Has Begun
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This article was written by Brandon Smith and originally published at Alt-Market.comÂ

Brandon Smith is also an Associate Editor for Oath Keepers. The article is mirrored at Oath Keepers:
http://oathkeepers.org/oath/2014/02/05/the-final-swindle-of-private-american-wealth-has-begun/
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I began writing analysis on the macro-economic situation of the American financial structure back in 2006, and in the eight years since, I have seen an undeniably steady trend of fiscal decline.

I have never had any doubt that the U.S. economy as we know it was headed for total and catastrophic collapse, the only question was when, exactly, the final trigger event would occur. As I have pointed out in the past, economic implosion is a process. It grows over time, like the ice shelf on a mountain developing into a potential avalanche. It is easy to shrug off the danger because the visible destruction is not immediate, it is latent; but when the avalanche finally begins, it is far too late for most people to escape...

If you view the progressive financial breakdown in America as some kind of "comedy of errors" or a trial of unlucky coincidences, then there is not much I can do to educate you on the reasons behind the carnage. If, however, you understand that there is a deliberate motivation behind American collapse, then what I have to say here will not fall on biased ears.

The financial crash of 2008, the same crash which has been ongoing for years, is NOT an accident. It is a concerted and engineered crisis meant to position the U.S. for currency disintegration and the institution of a global basket currency controlled by an unaccountable supranational governing body like the International Monetary Fund (IMF). The American populace is being conditioned through economic fear to accept the institutionalization of global financial control and the loss of sovereignty.

Anyone skeptical of this conclusion is welcome to study my numerous past examinations on the issue of globalization; I don't have the time within this article to re-explain, and frankly, with so much information on deliberate dollar destruction available to the public today I've grown tired of anyone with a lack of awareness.

If you continue to believe that the Fed actually exists to "help" stabilize our economy or our currency, then you will never find the logic behind what they do. If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something "new", then certain recent events and policy initiatives do start to make sense.

The year of 2014 has been looming as a serious concern for me since the final quarter of 2013, and you can read about those concerns and the evidence that supports them in my article Expect Devastating Global Economic Changes In 2014.

At the end of 2013 we saw at least three major events that could have sent America spiraling into total collapse. The first was the announcement of possible taper measures by the Fed, which have now begun. The second was the possible invasion of Syria which the Obama Administration is still desperate for despite successful efforts by the liberty movement to deny him public support for war. And, the third event was the last debt ceiling debate (or debt ceiling theater depending on how you look at it), which placed the U.S. squarely on the edge of fiscal default.

As we begin 2014, these same threatening issues remain (along with many others), only at greater levels and with more prominence. New developments reinforce my original position that this year will be remembered by historians as the year in which the final breakdown of the U.S. monetary dynamic was set in motion. Here are some of those developments explained...

Taper Of QE3

When I first suggested that a Fed taper was not only possible but probable months ago, I was met with a lot a bit of criticism from some in the alternative economic world. You can read my taper articles here  and here .

This was understandable. The Fed uses multiple stimulus outlets besides QE in order to manipulate U.S. markets. Artificially lowering interest rates is very much a form of stimulus in itself, for instance.

However, I think a dangerous blindness to threats beyond money printing has developed within our community of analysts and this must be remedied.  

People need to realize first that the Fed does NOT care about the continued health of our economy, and they may not care about presenting a facade of health for much longer either. Alternative analysts also need to come to grips with the reality that overt money printing is not the only method at the disposal of globalists when destroying the greenback. A debt default is just as likely to cause loss of world reserve status and devaluation - no printing press required. Blame goes to government and political gridlock while the banks slither away in the midst of the chaos.

The taper of QE3 is not a "head fake", it is very real, but there are many hidden motivations behind such cuts.

Currently, $20 billion has been trimmed from the $85 billion per month program, and we are already beginning to see what APPEAR to be market effects, including a flight from emerging market currencies from Argentina to Turkey. A couple of years ago investors viewed these markets as among the few places they could exploit to make a positive return, or in other words, one of the few places they could successfully gamble. The Fed taper, though, seems to be shifting the flow of capital away from emerging markets.

The mainstream argument is that stimulus was flowing into such markets, giving them liquidity support, and the taper is drying up that liquidity. Whether this is actually true is hard to say, given that without a full audit we have no idea how much fiat the Federal Reserve has actually created and how much of it they send out into foreign markets.

I stand more on the position that the Fed taper was actually begun in preparation for a slowdown in global markets that was already in progress. In fact, I believe central bankers have been well aware that a decline in every sector was coming, and are moving to insulate themselves.

Is it just a "coincidence" that the central bankers have initiated their taper of QE right when global manufacturing numbers begin to plummet?


Is it just "coincidence" the taper was started right when the Baltic Dry Index, a global indicator of shipping demand, has lost over 50% of its value in the past few weeks?


Is it just "coincidence" that the taper is running tandem with dismal retail sales growth reports from across the globe coming in from the final quarter of 2013?


And, is it just a "coincidence" that the Fed taper is a accelerating right as the next debt ceiling debate begins in March, and when reports are being released by the Congressional Budget Office that over 2 million jobs may be lost due to Obamacare?


No, I do not think any of this is coincidence.  Most if not all of these negative indicators needed months to generate, so they could not have been caused by the taper itself.  The only explanation beyond "coincidence" is that the Federal Reserve WANTED to launch the taper program and protect itself before these signals began to reach the public.

Look at it this way - The taper program distances the bankers from responsibility for crisis in our financial framework, at least in the eyes of the general public. If a market calamity takes place WHILE stimulus measures are still at full speed, this makes the banks look rather guilty, or at least incompetent. People would begin to question the validity of central bank methods, and they might even question the validity of the central bank's existence. The Fed is creating space between itself and the economy because they know that a trigger event is coming. They want to ensure that they are not blamed and that stimulus itself is not seen as ineffective, or seen as the cause.
We all know that the claims of recovery are utter nonsense. Beyond the numerous warning signs listed above, one need only look at true unemployment numbers, household wage decline, and record low personal savings of the average American. The taper is not in response to an improving economic environment. Rather, the taper is a signal for the next stage of collapse.

Stocks are beginning to plummet around the world and all mainstream pundits are pointing fingers at a reduction in stimulus which has very little to do with anything. What is the message they want us to digest? That we "can't live" without the aid and oversight of central banks.

The real reason stocks and other indicators are stumbling is because the effectiveness of stimulus manipulation has a shelf life, and that shelf life is over for the Federal Reserve. I suspect they will continue cutting QE every month for the next year as stocks decline.  Will the Fed restart QE?  If they do, it will probably not occur until after a substantial breakdown has ensued and the public is sufficiently shell-shocked.  The possibility also exists that the Fed will never return to stimulus measures (if debt default is the plan), and QE stimulus will eventually be replaced by IMF "aid". 

Government Controlled Investment


Last month, just as taper measures were being implemented, the White House launched an investment program called MyRA; a retirement IRA program in which middle class and low wage Americans can invest part of their paycheck in government bonds.

That's right, if you wanted to know where the money was going to come from to support U.S. debt if the Fed cuts QE, guess what, the money is going to come from YOU.

For a decade or so China was the primary buyer and crutch for U.S. debt spending. After the derivatives crash of 2008, the Federal Reserve became the largest purchaser of Treasury bonds. With the decline of foreign interest in long term U.S. debt, and the taper in full effect, it only makes sense that the government would seek out an alternative source of capital to continue the debt cycle. The MyRA program turns the general American public into a new cash stream, but there's more going on here than meets the eye...

I find it rather suspicious that a government-controlled retirement program is suddenly introduced just as the Fed has begun to taper, as stocks are beginning to fall, and as questions arise over the U.S. debt ceiling. I have three major concerns:

First, is it possible that like the Fed, the government is also aware that a crash in stocks is coming? And, are they offering the MyRA program as an easy outlet (or trap) for people to pour in what little savings they have as panic over declining equities accelerates?  Bonds do tend to look appetizing to uninformed investors during an equities rout.

Second, the program is currently voluntary, but what if the plan is to make it mandatory? Obama has already signed mandatory health insurance "taxation" into law, which is meant to steal a portion of every paycheck. Why not steal an even larger portion from every paycheck in order to support U.S. debt? It's for the "greater good," after all.

Third, is this a deliberate strategy to corral the last vestiges of private American wealth into the corner of U.S. bonds, so that this wealth can be confiscated or annihilated? What happens if there is indeed an eventual debt default, as I believe there will be? Will Americans be herded into bonds by a crisis in stocks only to have bonds implode as well? Will they be conned into bond investment out of a "patriotic duty" to save the nation from default? Or, will the government just take their money through legislative wrangling, as was done in Cyprus not long ago?

The Final Swindle

Again, the next debt ceiling debate is slated for the end of this month. If the government decides to kick the can down the road for another quarter, I believe this will be the last time. The most recent actions of the Fed and the government signal preparations for a stock implosion and ultimate debt calamity. Default would have immediate effects in foreign markets, but the appearance of U.S. stability could drag on for a time, giving the globalists ample opportunity to siphon every ounce of financial blood from the public.

It is difficult to say how the next year will play out, but one thing is certain; something very strange and ugly is afoot. The goal of the globalists is to engineer desperation. To create a catastrophe and then force the masses to beg for help. How many hands of "friendship" will be offered in the wake of a U.S. wealth and currency crisis? What offers for "aid" will come from the IMF? How much of our country and how many of our people will be collateralized to secure that aid? And, how many Americans will go along with the swindle because they were not prepared in advance?

copyright Brandon Smith 2014    





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43 Trillion dollar lawsuit awaits Obama White House and banks

43 Trillion dollar lawsuit awaits Obama White House and banks

Doc Vega
nowpublic.com
October 30, 2012

The wheels of justice grind slowly but they do grind after all.
Major players in the Obama White House have been targeted in a law suit by Spire Law Group who is responsible for recovering 43 trillion in laundered funds and racketeering  that has been linked to major banks, crony capitalists, and government officials. This scheme based in New York will be party to the biggest federal government lawsuit in history. The government will attempt to recover 43 trillion in taxpayer’s funds disbursed during the 2009 bailout that totaled 787 billion to supposedly save the US financial markets from a massive collapse while funding infrastructure projects though out the US such as roads and bridges that were badly in need of repairs, yet only 6% of the money was ever used for such purposes.
Corrupt bailout evidence never acted upon
As many such as Rush Limbaugh had charged, the massive bailouts used for AIG, General Motors, Chrysler Corporation, a number of banks, even broadcasting companies, was apparently disbursed for other clandestine purposes such as slush funds for Democrat election campaigns. Yet, that’s not all.
A slick operation that didn’t plan on getting caught
Plaintiffs have now identified a number of individuals who were running a racketeering enterprise linked to the following individuals, who participated in and profited from the illegally deposited money. Those named as defendants in the lawsuit are: Attorney General, Eric Holder, California Attorney General Kamala Harris, Jon Corzine, former New Jersey Governor, former Treasury Secretary Robert Rubin, current Treasury Secretary, Timothy Geithner, former chairman of the board for Citigroup, Vikram Pandit, who recently resigned under disgustingly unethical disclosures, Senior White House advisor, Valerie Jarret, former communications director for the White House, Anita Dunn, chief legal counsel for Obama re-election campaign, Robert Bauer, including bankers and other associated parties who participated in the violation of the laws.
This lawsuit alleges criminal violations of the Patriot Act, the policy of embargo against Iran and other foreign nations hostile toward the United States, as well as the RICO statute, which involves Racketeering Influence and Corrupt Organizations Act. There are additional federal and state laws also violated and represented under the record federal government lawsuit.
Seeking to recover trillions and stop foreclosures
In addition, on the behalf of home owners across the nation, and taxpayers in the state of New York, Spire Law Group has extended its mass tort action to District Court of Brooklyn, New York seeking to halt all foreclosures nationwide until such time as the amount of 43 trillion dollars is recovered from bankers and co-conspirators. Audits will be sought against the Federal Reserve and bail out programs by an independent receiver such as Neil Barofsky, former Inspector General of the TARP programs on the basis that none of the money that was ever advanced to the Treasury Department was ever paid back despite protestations to the Obama administration who has failed to prosecute any of the bankers responsible for the alleged violations for which the lawsuit has been detailed to identify. These same indicted bankers the Obama re-election campaign has been borrowing money from to finance its operations.
The theft and corruption goes international to our enemies
Furthermore, Plaintiffs have expanded their lawsuit to include racketeering, money laundering, and violations of the Iranian Embargo Act by national banks that are named as defendants in the lawsuit along with the names of their bankers.
Hiding the money didn’t work
The jurisdictions of well known offshore havens have been identified as sanctuaries used to launder trillions which located in Switzerland, Isle of Man, Luxembourg, Malaysia, Cypress, and entities considered adverse to the Sanctions and Embargo Act against Iran by the US government. Many of these offshore entities have already been served with summons to appear in court over the last 6 months.
Our federal government part of the scheme
With undeniable proof already in place that the Obama administration was publicly urging refinance through bankers named in the lawsuit while secretly ratifying the formation of shell companies violating the Patriot Act along with state and federal laws. The Spire Law Group lawsuit further establishes that major federally chartered US banks were laundering stolen taxpayers and home owner’s money in the amount of 43 trillion and laundering it through obscure offshore companies. Named in the lawsuit are Bank of America, Wells Fargo, JP Morgan Bank, One West Bank, Citibank, and Citigroup, along with others to name a few.
Why weren’t our agencies protecting the people?
The Spire Law Group is the only legal organization that has pursued prosecution of these bankers named in the lawsuit. Neither Eric Holder’s Department of Justice, the Federal Deposit and Insurance Corporation, the Securities and Exchange Commission, or nor any state’s Attorney General has bothered to chase these criminal bankers internationally to recover the 43 trillion, lawful damages, injunctive relief, or other legal damages stemming from these gross irregularities and violations! Not one US Government agency has attempted to act under the directives of its own charter and prosecute the guilty parties involved!
The Spire Law Group specializes in the litigation of such entities as banks, government officials, failed loan pools, and the very offshore entities that were in receipt of laundered money that the defendants named in the lawsuit have disbursed through them. A 47 year partner of the law firm James N. Fiedler, expressed his outrage over the fact that US government agencies tasked with protecting the interests of the American public did not even attempt to pursue their duty! The law firm has 250 years accumulated experience in this type of legal recovery and prosecution whose clients range from large corporations, wealthy individuals, to the public’s interest at large.
Stripping away the facade
When comments were solicited from the Attorney General offices of six US states, no response came from those agencies who should have been involved. This lawsuit represents the most massive scale of corruption, theft of public funds, laundering, racketeering, and failure of the government to pursue it’s duty to the citizens of America in history. It promises to unveil and divulge the corrupt inner workings of the federal government along with its malignant relationship with the banking industry, Wall Street, and government officials who have considered themselves cunningly beyond the law!
From the President on down the chain of command justice will be done accordingly.
This article was posted: Tuesday, October 30, 2012 at 11:55 am

http://www.infowars.com/43-trillion-dollar-lawsuit-awaits-obama-white-house-and-banks/