While Congress Diddles, Obama mumbles, and Bernake Fiddles-Rome is Burning

We just heard that the economy is going in the right direction and Pinocchio’s nose grew another 12 inches. Thanks to journalists like Michael Synder, we know the truth and the truth is the economy is getting worse month by month. Here are the facts, just the facts.

The only reason that the official unemployment rate has been declining over the past couple of years is that the federal government has been pretending that millions upon millions of unemployed Americans no longer want a job and have “left the labor force”.  As Zero Hedge recently demonstrated, if the labor force participation rate returned to the long-term average of 65.8 percent, the official unemployment rate in the United States would actually be 11.5 percent instead of 7 percent.

Employment-Population-Ratio-2013-425x255

The percentage of Americans that are actually working is much lower than it used to be.  In November 2000, 64.3 percent of all working age Americans had a job.  When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job.  Today, only 58.6 percent of all working age Americans have a job. The “inactivity rate” for men in their prime working years (25 to 54) has just hit a brand new all-time record high.

Inactivity-Rate-Men-425x255

In November 2007, there were 121.9 million full-time workers in the United States.  Today, there are only 116.9 million full-time workers in the United States. Only about 47 percent of all adults in America have a full-time job at this point.  The ratio of wages to corporate profits in the United States just hit a brand new all-time low.

When Barack Obama took office, the average duration of unemployment in this country was 19.8 weeks.  Today, it is 37.2 weeks. According to the New York Times, long-term unemployment in America is up by 213 percent since 2007.

According to the U.S. Census Bureau, median household income in the United States has fallen for five years in a row. The rate of homeownership in the United States has fallen for eight years in a row. The gap between the rich and the poor in the United States is at an all-time record high.

Comp vs profits_0If that is not enough to understand how bad the economy is, then consider these facts. Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low. Back in the year 2000, our trade deficit with China was 83 billion dollars.  In 2008, our trade deficit with China was 268 billion dollars.  Last year, it was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in world history.

Fortunately, it appears that most Americans are not buying into the propaganda.  According to a new CNN survey, the percentage of Americans that believe that the economy is getting worse far exceeds the percentage of Americans that believe that the economy is improving. However, we as a people are not doing anything to insure our congress and administration are reacting to correct this problem. We have to realize that WE MUST begin to hold these scoundrels responsible for their lack of action. At this juncture that includes most every member of congress, certainly the office of the President, and absolutely the FED decisions that have been made.

The American economy is being dismantled brick by brick and WE remain silent. The middle class is being eliminated and not only to we remain silent, we allow trade agreements like the Trans-Pacific Partnership (TPP) Free Trade Agreement (FTA) to be conducted IN SECRECY!  This compact may significantly limit public protections. The issues being negotiated extend to include “patent and copyright, land use, food and product standards, natural resources, professional licensing, government procurement, financial practices, healthcare, energy, telecommunications, and other service sector regulations.”  The secret process would establish policies binding on future U.S. Congresses and state legislatures on numerous non-trade subjects.

When you begin to marry first the lack of action by the congress to do ANYTHING effective concerning jobs with the outright disastrous monetary policies of the Fed and the SECRET free trade actions of the administration it is hard to deny those whacky conspiracy nuts who are saying the American economy is under attack!

We think every responsible adult should at a minimum pick up the phone and call their Representative or Senator and put them on notice to “GET TO WORK” on the economy or they will join the unemployed that they don’t seem to give a damn about.  So let’s make a New Year’s Resolution that by the second week in January, EVERY voting adult has called their representatives. It is just one phone call! Here is where to find their numbers. http://www.congressmerge.com/onlinedb/ We can do this. We must do this. EVERYONE!

Are You Getting It Yet? War Has Been Declared On You!

You cannot look at the events of the last thirty years and deny there is no respect for “The Common Man” anywhere in the world.  Much has been written about “The Elite”, “The Cabal”, “The Bildebergers”, “The Rothchilds”, and on and on and on.  Until a few years ago, these allegations have been generally rejected by the public as conspiracy theories, promulgated by disenfranchised paranoid people.

However, more recently, a lot of facts have surfaced that would suggest maybe, just maybe, there may be some credence to what these conspiracy nuts having been saying all along. So really what is going on? Could there be a world-wide conspiracy to “break down the common man”.  How could this even be possible, as it would involve so many people for an extended period of time.

In reality, the simple answer is yes, and it has been going on, in earnest for the last thirty years. The stated goal of this “Third World War” is simply; “the engineering of social automation systems (silent weapons) on a national or worldwide scale with the implicit extensive objectives of social control and destruction of human life, i.e., slavery and genocide.” Such an endeavor must be secured from public scrutiny. Otherwise, it might be recognized as a technically formal declaration of domestic war. Furthermore, whenever any person or group of persons in a position of great power and without full knowledge and consent of the public, uses such knowledge and methodologies for economic conquest – it must be understood that a state of domestic warfare exists between said person or group of persons and the public. President Eisenhower, in his farewell address, tried to warn us of this plan.

Consider these statements carefully. How would you describe the world since 911, economically? It would certainly seem to support such a statement. Think about the about of wealth that has been transferred in to the hands of a few since that event. Think about the bailouts of the banks, for example. It was the largest transfer of wealth in the history of mankind, period. Remember, we were told that if we, the people, did not bailout the banks, the world’s economy would collapse.  However, if you were really watching closely, the world economy was already collapsing. In the US, we were losing 750,000 jobs a month!

Remember, we were told that there was an immediate need to transfer $700 Billion of public funds to banks or it was all over. Later we learned that the actually amount transferred was more like$7.1 TRILLION Dollars, bailouts and multiple QEs. If you remember, when CONgress asked for an accounting of the bailout monies, Big Ben said, at first, that he wasn’t going to do that because it would hurt the commercial banks, if people knew which ones were in trouble, but through persistence we learned that the amount of money in secret loans that some of the big Wall Street banks received from the Federal Reserve is absolutely staggering.  The following figures come directly from a GAO report….

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Bank of America – $1.344 trillion
Goldman Sachs – $814 billion
JP Morgan Chase – $391 billion

OMG that’s $7.1 TRILLION and then with the bailouts of foreign banks, yes most of the major banks in Europe, and yes, we did those too, but you know the information is “so sensitive”.  The total is $16.115 TRILLION and that is more than the annual GDP of the entire country!

Unemployment was at about 7.5% then. We were told that we needed quantitative easing to stimulate the economy. Today, unemployment remains above 7%, yet the stock market is near an all time high. Seriously folks, how can that be? The answer is simple. Corporations are sitting on mountains of cash WE gave them! Catching on yet? This transfer of wealth (theft) has gotten so bold, the banks are no longer even wanting to give it an “official” look. One glance at what is happening in Cyprus is all anyone needs to know to understand this fact.

According to a CIA training manual, silent weapon technology has evolved from Operations Research (O.R.), a strategic and tactical methodology developed under the Military Management in England during World War II. The original purpose of Operations Research was to study the strategic and tactical problems of air and land defense with the objective of effective use of limited military resources against foreign enemies (i.e., logistics). It was soon recognized by those in positions of power that the same methods might be useful for totally controlling a society.

Social engineering (the analysis and automation of a society) requires the correlation of great amounts of constantly changing economic information (data), so a high-speed computerized data-processing system was necessary which could race ahead of the society and predict when society would arrive for capitulation. Sound familiar as it relates to Wall Street trading among the brokers, or the recent revelations concerning domestic surveillance?

Although the silent weapons system was nearly exposed in 1967, the evolution of the new weapon-system has never suffered any major setbacks. Energy is recognized as the key to all activity on earth. Natural science is the study of the sources and control of natural energy, and social science, theoretically is expressed as economics, and is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science. And the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping.

All science is merely a means to an end. The means is knowledge. The end is control. Beyond this remains only one issue: Who will be the beneficiary?  In 1954 this was the issue of primary concern. Although the so-called “moral issues” were raised, in view of the law of natural selection it was agreed that a nation or world of people who will not use their intelligence are no better than animals that do not have intelligence. Such people are beasts of burden and steaks on the table by choice and consent.

Consequently, in the interest of future world order, peace, and tranquility, it was decided to privately wage a quiet war against the American public with an ultimate objective of permanently shifting the natural and social energy (wealth) of the undisciplined and irresponsible many into the hands of the self-disciplined, responsible, and worthy few.

So here we are folks. Is it a hair-brained conspiracy or is it real? If we look just at the facts, and ask one simple, simple question, “what is the future for my children?” The answer requires us to change the course of history.  Remember, when we do the “bookkeeping” this one simple fact is key to winning the “Quiet War”, “into the hands of the self-disciplined, responsible, and worthy few.” Therefore this big secret is the Achilles heel of this immoral plan, and that is that it is impossible to pull off without OUR consent or permission. I, for one, DO NOT CONSENT! How about you?

Do You Really Understand What the FED Has Committed on Your Behalf?

When you look at the breakdown of the bailouts and QE programs as below, it becomes quite apparent how really insane this monetary policy really is.  What’s more frightening is that the EU’s policies are WORSE! The FED is printing money willy-nilly and the ECB is slowly sucking the economic viability out of the EU economy with nihilistic austerity programs, and even in the light of real evidence of the damage, they continue to enact these insane policies.

monetary policyrecap

To put in perspective the size of just the US money printing operation, consider that the “net” figure of $863 billion represents the total face value of Federal Reserve Notes in circulation, or, it represents nearly 50% of the GDP. To put it another way, you via congressional monetary policy delegated to the FED’s monetary policy has taken actions that put every man, woman, and child in this country in debt to the tune of $237,500! Translated to a family of four that’s a cool 950 LARGE!

While the FED speeds down the road to a hyperinflationary crash, and the EU is looking at a third round of recession and might even be looking at the “D” word, deflation, China is creating gold backed ETFs and is entering market places globally, the rise of the Red Dragon. The monetary policies of Russia, China, and most of the so called BRIC nations seem to be adapting more correctly to world markets and demands.

I don’t remember us being asked to comment or god-forbid assent to such policies. But hey, according to Jamie Dimon in Davos Switzerland  explaining why people don’t need to know what’s going on in the banking world. It’s too “complex.” Just know that their fee comes from managing this ball of financial confusion. And that’s all you need to know. Really? How about what I understand, that this is a house of cards game being played in an unregulated casino and that it will collapse without any question and therefore by definition is insane.  I know that’s complex but I’m just an ordinary guy.

U.S. President Barack Obama on Thursday nominated Mary Jo White, a former U.S. attorney who built a reputation prosecuting white-collar criminals, terrorists and mobsters, to lead the Securities and Exchange Commission.  The agency has a lead role in implementing changes on Wall Street.

White spent nearly a decade as the U.S. attorney in Manhattan, handling an array of white-collar crimes and complex securities and financial fraud cases. She brought down mobster John Gotti and won convictions in the 1993 World Trade Center bombing and the 1998 bombings of two U.S. embassies in Africa.

Obama said that experience makes White well-suited to implement legislation he championed to change the behavior on Wall Street. “I’d say that’s a pretty good run. You don’t want to mess with Mary Jo,” Obama said at the White House. “As one former SEC chairman said, Mary Jo does not intimidate easily, and that’s important because she has a big job ahead of her.

That’s the positive “spin”. The negative side of this is that White also represented JPMC, and others as defense attorney in SEC inquiries. So in a sense, White knows where the bones are buried.  The Wall Street Pit bulls aren’t barking so it is hard to read what is next.  Certainly, in spite of the magnitude of evidence of felonies being committed by the Wall Street Boys, no one has gone to jail. Is that about to change? Only time will tell.  Oh yeah and one other thing, you writing the new head of the SEC and after you have congratulated her on her significant appoint, urge her to begin immediately to vigorously prosecute those where the evidence is certain.

You know we do not need to understand what an ETF is or what a credit default swap is, because in the end it is just this simple.  These ego-maniacs have bet the farm and put up the family as collateral. It really is that real. So do you have anything to say about that?

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Breaking Through the First Myth of Enslavement – Scarcity of Resources

In order for the elite of this world to rule us, they must first create the myth that there is a scarcity of resources.  This achieves two goals for them to rule over the rest of us.  One, we all can’t have it all, only a selected few, and two, this scarcity myth creates an artificial value which is how they measure power and wealth.  This scarcity is simply not factual.

Let’s consider a few facts, then we can begin to visualize a society where certainly everyone on this planet can have everything they could possible desire.  Sounds crazy huh?  I must be nuts.  Well maybe, but at least consider what I am saying and then debunk my logic.

The current population of the earth is about 6 Billion people. If we had a society that was based on freedom, justice, and efficiency we could accomplish things like equal spacious communal housing.  We could construct very high density, but spacious living quarters (3M2 ) per person easily on very small footprints.  A building that was say 3000 M x 3000M x 500M could house 1/2 Billion people!  That’s right, on a footprint of only 3 square kilometers, we could house that many people.  That would mean that housing the entire world’s population could be achieved in as little as 36 square kilometers, if we approach the idea purely from efficiency!

Doubling or even tripling that size would leave vastly large areas of the facilities for communal activities and still only have a footprint of 100 – 150 square kilometers.  When we can think in these terms, then the vast remaining space can be used for agriculture, parks, and pristine recreational facilities. Given that the earth’s land surface is about 148,300,000 sq km, I think you get the point. To say that we cannot provide spacious living quarters for everyone is simply a myth.  Food scarcity based on the above model is simply laughable. Given such facilities could have hydroponic gardening systems for local vegetables and spices and the rest of agricultural needs could easily be supported by the available land that would exist, it simply defies logic that we cannot have comfortable living quarters for everyone without some sick plan to depopulate the planet or that this planet has some finite carrying capacity that we are now exceeding. Simply put that is BS.

The biggest argument that the “green” doomsdayers put forth is the scarcity of potable water.  Countries and governments all over the world struggle with this issue.  They go to war over water “rights”. “Rights’ is an interesting concept, isn’t it? It is a current limiting factor to growth, prosperity, health, and housing everywhere in the world.  The fact that only ½% of the water on this planet is potable is the argument.  But that is exactly the point!  I would use the very same fact to argue that no one on this planet should be without clean drinking water. We have 99.5 % of the water unused!  Given our current technologies and the will to stop polluting the waters we have, we could easily support the current world’s population and much much more. It isn’t even a question of technologies, only of will and focus.

The seemingly big issue is availability of clean energy.  Energy companies everywhere go about the planet acting as though they are even above governments because after all they are the ones continually seeking the energy that will make or break the prosperity of the world’s economies.  They are in fact just exploiting the cheapest and most finite resources in the most environmentally irresponsible ways to create the most wealth for themselves.  Electricity produced by clean limitless technologies that have been suppressed by these very same multi-national corporations is already within our grasp, and have been for decades.  Free energy from electricity produced in these non-nuclear, non-fossil fuel based modes could provide free limitless energy for everyone.  Free energy alone could raise the world’s standard of living 100 fold!  The amount of pollution reduction achieved by these technologies would allow the planet to heal itself in a matter of decades.  The ability to wirelessly transmit this electrical power (WET technologies) also exists.  Further both in the UK and the US these systems already are being utilized.  General Motors (GM) has invested $5 million into a wireless charging device called PowerMat that uses inductive charging, which transmits electricity via magnets without any actual, physical connection. Since GM is owned by the US government, their new device may have more to do with the release of certain Tesla technology covertly.

According to the DoD Fiscal Year 2012 Operational Energy Budget Certification Report, they are researching experiments to facilitate the energy required for military operations. In the name of national security, the DoD is “directly [supporting] military operations [that] require a steady supply of energy for mission success”. WET technology obviously would expedite this need. In conjunction with the “2009 National Defense Authorization Act (NDAA) directed the appointment of a Director of Operational Energy Plans and Programs in the DoD . . . are coordinating and overseeing program activities related to the implementation of operational energy [strategies], research and development, investments” for the exclusive use of the US government.

So there you have it, my logic, in a 1,000 words or less why scarcity of resources is just a myth.  Think about what everyone’s life on this planet would be like if we all had spacious clean housing, good nutritional food supplies, clean water, and unlimited free power.  Now tell me why we don’t have all these things right now.

The real reasons are greed, power, ignorance of the facts, and willful suppression of technologies to maintain the myth of scarcity.

Finally, The Banksters Are Being Exposed By a Brave Member of the Senate

It is all too often easy to look at the political process and feel the deck is so stacked against the regular guy that we must resign ourselves to the fact our democratic process has been bought and sold to the highest bidder.  The Citizens United ruling by the Supreme Court seemed to “seal the deal” for the banksters. Now we get a breath of fresh air from at least one senator who has had the balls to call them out in the light.

Bernie Sanders from Vermont released this  roadmap of  how the banksters stole our money yesterday and it is a must read!  Here is the highlights.

“1. Jamie Dimon, the Chairman and CEO of JP Morgan Chase, has served on the Board of Directors at the Federal Reserve Bank of New York since 2007. During the financial crisis, the Fed provided JP Morgan Chase with $391 billion in total financial assistance. JP Morgan Chase was also used by the Fed as a clearinghouse for the Fed’s emergency lending programs. In March of 2008, the Fed provided JP Morgan Chase with $29 billion in financing to acquire Bear Stearns. During the financial crisis, the Fed provided JP Morgan Chase with an 18-month exemption from risk-based leverage and capital requirements. The Fed also agreed to take risky mortgage-related assets off of Bear Stearns balance sheet before JP Morgan Chase acquired this troubled investment bank.

2. Jeffrey Immelt, the CEO of General Electric, served on the New York Fed’s Board of Directors from 2006-2011. General Electric received $16 billion in low-interest financing from the Federal Reserve’s Commercial Paper Funding Facility during this time period.

3. Stephen Friedman. In 2008, the New York Fed approved an application from Goldman Sachs to become a bank holding company giving it access to cheap Fed loans. During the same period, Friedman, who was chairman of the New York Fed at the time, sat on the Goldman Sachs board of directors and owned Goldman stock, something the Fed’s rules prohibited. He received a waiver in late 2008 that was not made public. After Friedman received the waiver, he continued to purchase stock in Goldman from November 2008 through January of 2009 unbeknownst to the Fed, according to the GAO. During the financial crisis, Goldman Sachs received $814 billion in total financial assistance from the Fed.

4. Sanford Weill, the former CEO of Citigroup, served on the Fed’s Board of Directors in New York in 2006. During the financial crisis, Citigroup received over $2.5 trillion in total financial assistance from the Fed.

5. Richard Fuld, Jr, the former CEO of Lehman Brothers, served on the Fed’s Board of Directors in New York from 2006 to 2008. During the financial crisis, the Fed provided $183 billion in total financial assistance to Lehman before it collapsed.

6. James M. Wells, the Chairman and CEO of SunTrust Banks, has served on the Board of Directors at the Federal Reserve Bank in Atlanta since 2008. During the financial crisis, SunTrust received $7.5 billion in total financial assistance from the Fed.

7. Richard Carrion, the head of Popular Inc. in Puerto Rico, has served on the Board of Directors of the Federal Reserve Bank of New York since 2008. Popular received $1.2 billion in total financing from the Fed’s Term Auction Facility during the financial crisis.

8. James Smith, the Chairman and CEO of Webster Bank, served on the Federal Reserve’s Board of Directors in Boston from 2008-2010. Webster Bank received $550 million in total financing from the Federal Reserve’s Term Auction Facility during the financial crisis.

9. Ted Cecala, the former Chairman and CEO of Wilmington Trust, served on the Fed’s Board of Directors in Philadelphia from 2008-2010. Wilmington Trust received $3.2 billion in total financial assistance from the Federal Reserve during the financial crisis.

10. Robert Jones, the President and CEO of Old National Bancorp, has served on the Fed’s Board of Directors in St. Louis since 2008. Old National Bancorp received a total of $550 million in low-interest loans from the Federal Reserve’s Term Auction Facility during the financial crisis.

11. James Rohr, the Chairman and CEO of PNC Financial Services Group, served on the Fed’s Board of Directors in Cleveland from 2008-2010. PNC received $6.5 billion in low-interest loans from the Federal Reserve during the financial crisis.

12. George Fisk, the CEO of LegacyTexas Group, was a director at the Dallas Federal Reserve in 2009. During the financial crisis, his firm received a $5 million low-interest loan from the Federal Reserve’s Term Auction Facility.

13. Dennis Kuester, the former CEO of Marshall & Ilsley, served as a board director on the Chicago Federal Reserve from 2007-2008. During the financial crisis, his bank received over $21 billion in low-interest loans from the Fed.

14. George Jones, Jr., the CEO of Texas Capital Bank, has served as a board director at the Dallas Federal Reserve since 2009. During the financial crisis, his bank received $2.3 billion in total financing from the Fed’s Term Auction Facility.

15. Douglas Morrison, was the Chief Financial Officer at CitiBank in Sioux Falls, South Dakota, while he served as a board director at the Minneapolis Federal Reserve Bank in 2006. During the financial crisis, CitiBank in Sioux Falls, South Dakota received over $21 billion in total financing from the Federal Reserve.

16. L. Phillip Humann, the former CEO of SunTrust Banks, served on the Board of Directors at the Federal Reserve Bank in Atlanta from 2006-2008. During the financial crisis, SunTrust received $7.5 billion in total financial assistance from the Fed.

17. Henry Meyer, III, the former CEO of KeyCorp, served on the Board of Directors at the Federal Reserve Bank in Cleveland from 2006-2007. During the financial crisis, KeyBank (owned by KeyCorp) received over $40 billion in total financing from the Federal Reserve.

18. Ronald Logue, the former CEO of State Street Corporation, served as a board member of the Boston Federal Reserve Bank from 2006-2007. During the financial crisis, State Street Corporation received a total of $42 billion in financing from the Federal Reserve. ”

{end press release quote}

We need to support this courageous effort by being totally outraged and begin demanding that a criminal investigation begin immediately.  We should also demand that Congress does not renew the Federal Reserve Charter to “handle” the job the US Treasury should be doing.  That charter is up for a vote in 2013. Everyone who reads this should inform everyone they know about these facts and ask them not only to read it but to pass it on to everyone they know and then we all should put our representatives on notice that we absolutely want our financial system back.

There is no single issue more important to each and everyone of us, literally.  Get informed, wake up, and act. Forget the clown circus that is the presidential campaigns and get to the REAL Chains that bind us.  Let’s set ourselves free and here are the keys to the cuffs.

Do We Understand How Far We Have Come?

As the issues of the world continue to unfold, it can look like a glass half empty or a glass half full.  I think we suffer from several classes of amnesia.  In its shortest frame it called the 30 second average attention span that many from marketing and politics count on, or it is generational type, where none of the current generation remember the JFK assassination or the Vietnam War or dial phones for that matter.  At the long end of the spectrum there is the ERA gap.  You have to be a scholar to appreciate where we are now as compared to say 18th or 19th century is any terms you would like to measure. I think we can all agree on these points.

However, events unfolding here and now globally are not entering our consciousness by deliberate efforts of MSM to not report them, as they faithfully obey orders.  The truth is people all over the world are beginning to free themselves from their economic bonds in the most miraculous ways.  Isn’t strange that you are not hearing what is transpiring in Iceland, and are barely aware of the importance of what has happened with the elections in Greece and France?

As we begin the political debates in the US, in the most generalized of terms, the debate seems to be the arguments of AUSTERITY vs. SOCIALISTIC government.  The inference is we need to cut deficits vs. spending on infrastructure and social programs that will generate jobs and much needed tax revenue.  On its surface, that seems to be a logical argument, but when examined closely it is somewhat comparing apples to oranges.  Isn’t it odd that you don’t seem at this moment to understand why not?

What has actually happened in the world after the 2008 crash was both philosophies were applied by various governments.  So it seems also logical to look at the results so far.  The EU and the UK applied severe austerity programs.  These programs brought Ireland, Greece, Spain, Italy and Portugal nearly to anarchy.  Unemployment sky-rocketed, growth stagnated and even went negative.  The austerity programs did not result in deficit reduction.  Quite the contrary, deficits increased because tax revenue contracted dramatically.  One only has to ask, who benefits from austerity programs?

Then, within the last year a revolution began. Not a revolution in the street, although riots in Greece, Spain, UK, Italy, Ireland, and the US with the Occupy Movement did occur, but within the political and governmental institutions.  Iceland led the way.

In Iceland, the people have made the government resign, the primary banks have been nationalized, and by referendum, it was decided to not pay the debt that these political criminals created with Great Britain and Holland due to their bad financial policies.  Further, a public assembly has been created to rewrite the constitution, and all of this was accomplished in a peaceful way. A whole country revolution against the powers that  created the current global crisis in the first place. This is why there hasn’t been any publicity concerning this during the last two years.

This was accomplished by 25 citizens being chosen, with no political affiliation, out of the 522 candidates. For candidacy all that was needed was to be an adult and have the support of 30 people. The constitutional assembly started in February of 2011 to present the ‘carta magna’ from the recommendations given by the different assemblies happening throughout the country. It must be approved by the current Parliament and by the one constituted through the next legislative elections.

So in summary here are the accomplishments of the Icelandic revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can make the economic decisions of the country.
-incarcerating the responsible parties
-rewriting of the constitution by its people

WOW! Isn’t strange you hear nothing of this?  Really if there is anything of reality left, one must at minimum begin to suspect we are “being managed”.  However, enough people were following what was happening in Iceland and these past elections in Greece and France, the “Managers” were handed their heads.  I think these ideas will spread to the rest of the EU and the UK this summer.

In the US, the debate seems more about empowering women and the LGBT population, or is that the distraction?  All freedom and opportunity extends from economic freedom.  THIS IS THEN THE DEBATE that needs to occur.  While the US response so far to the collapse has been a mixed bag of spending and austerity, the gains have been better than going the other direction, but they are far from being enough.

What the Austerity camp says we have to respond to the reality of debt versus federal income and they would show a chart like this:

What that really means is this trend continuing:

 Again, you have to ask the question “who benefits from federal deficits the most? You have to kind of link this concept to a seemingly disconnected reality.  That reality is the question of who did the banks lose all those trillions of dollars to that WE made good?  Who was the beneficiary of those loses? The money just doesn’t evaporate.  When a JPM Chase says it “lost” $3 trillion in 6 weeks, it means they had to PAY someone $3 trillion dollars.  Who was that?  Hmmm.

It is all a rathole that is siphoning our money.  We all know who the rats are and maybe it is time to look again at what has been accomplished in Iceland and adopt those kinds of approaches.

Some Fact Checking on the BIG BAILOUT and Its Effect on the Economy

Remember back in 2008, when Uncle Ben Bernanke and Little Timothy Geithner went to the Hill and said they needed $700 B to bailout the banks or else the world economy would collapse?  Yeah we all remember, there have been millions of articles, documentaries, and movies made about it.

Ok so when the Congress called Uncle Ben back to testify about what he did with the money and was asked to explain how the bailout had saved the economy, he REFUSED to disclose who got how much, defending his position by saying that divulging such information could jeopardize the public faith in the individual banks who had received monies.  Congress said, ‘Oh OK that makes sense’.

Then, in 2009, the discussion was that if banks were too big to fail that those banks should also be too big to exist, as that would put us right back in the position that got us into the jam in the first place.  Bernanke agreed, but offered no statements as to what should be done to prevent it.  Some in CONgress did and the Dodd-Frank Bill was passed.  At the time some said it was too weak as written, but hey, at least it was a start.

So, here we are now.  How has Dodd-Frank or Federal Reserve policy worked?  I do hope you are sitting down for this.  You may also want to pour a stiff dink, if you are so inclined, or at least have a pair of vise grips handy to occasionally pinch yourself.

First, too big to fail has resulted in the following: Five banks — JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc., Wells Fargo & Co. (WFC), and Goldman Sachs Group Inc. — held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, according to central bankers at the Federal Reserve. Five years earlier, before the financial crisis, the largest banks’ assets amounted to 43 percent of U.S. output. The Big Five today are about twice as large as they were a decade ago relative to the economy!  WHAT????  Yeah you read it correctly.  Back in 1970, the 5 biggest U.S. banks held 17 percent of all U.S. banking industry assets.  Today, the 5 biggest U.S. banks hold 52 percent of all U.S. banking industry assets.  What say you Uncle Ben? What say you CONgress?

At a recent lecture at George Washington University, Mr. Benanke said ,according to CNNMoney, — “The bailouts of Bear Stearns and AIG were “distasteful” but still necessary. Meanwhile, the Fed was “helpless” when it came to saving Lehman Brothers, he said.

“Lehman Brothers was in itself probably too big to fail, in the sense that its failure had enormous negative impacts on the global financial system,” Bernanke said. “But there we were helpless, because it was essentially an insolvent firm.”

In a lecture about the Fed’s emergency efforts during the financial crisis, Bernanke explained that the central bank was willing to bail out AIG (AIG, Fortune 500) and Bear Stearns because it expected both firms would eventually be able to pay back their loans. Bear Stearns was ultimately acquired by JPMorgan Chase (JPM, Fortune 500).

Lehman Brothers, on the other hand, had no collateral to put up in exchange for the Fed’s assistance.

“It was very difficult and in many ways distasteful intervention that we had to do on the grounds that we needed to do that to prevent the system from collapsing,” Bernanke said. “But clearly, it is something fundamentally wrong with a system in which some companies are ‘too big to fail.'”

Oh! Then I guess we really had no choice except to fork over the $700 Billion.  It was exactly $700 Billion though, wasn’t it Uncle Ben?  It took a court case by Bloomberg (because CONgress wouldn’t or couldn’t demand the info) to reveal the true number of the bailout.  Vise grips and shot glasses at the ready, here are the real numbers we are all on the hook to the FED for.

The amount of money in secret loans that some of the big Wall Street banks received from the Federal Reserve is absolutely staggering.  The following figures come directly from a GAO report….

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Bank of America – $1.344 trillion
Goldman Sachs – $814 billion
JP Morgan Chase – $391 billion

OMG that’s $7.1 TRILLION and then with the bailouts of foreign banks, yes most of the major banks in Europe, and yes we did those too, but you know the information is “so sensitive”.  The total is $16.115 TRILLION and that is more than the annual GDP of the entire country!

But this has been good for the economy right?  I mean if we, as the American people, throw that much money at the problem things are getting better.  I mean the banks did the responsible thing to fix the problem, after all we have trusted them with an entire year’s worth of labor by everyone and every company in the US.  Well…..consider these two facts.

1). Over the past few years, big Wall Street banks have made huge amounts of money speculating on the price of food.  This has caused food prices all over the globe to soar and it has caused tremendous hardship for hundreds of millions of families around the planet.  The following is from a recent article in The Independent….

Speculation by large investment banks is driving up food prices for the world’s poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations’ leading expert on food.

Hedge funds, pension funds and investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate the food commodities markets, dwarfing the amount traded by actual food producers and buyers.

Goldman Sachs alone has earned hundreds of millions of dollars in profits from food speculation.

2). According to the New York Times, the too big to fail banks have complete domination over derivatives trading.  Every month a secret meeting that includes representatives from JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup is held in New York to coordinate their control over the derivatives marketplace.  The following is how the New York Times describes those meetings….

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

When the derivatives market fully implodes, there will not be enough money in the world to bail everyone out.  According to the Comptroller of the Currency, the too big to fail banks have exposure to derivatives that is absolutely outrageous.  Just check out the following numbers….

JPMorgan Chase – $70.1 Trillion

Citibank – $52.1 Trillion

Bank of America – $50.1 Trillion

Goldman Sachs – $44.2 Trillion

That’s over $200 TRILLION dollars, more than 3 ½ TIMES the global GDP! And that is just the Big Five’s exposure to the derivatives market.

This is beyond insane and would be funny except we are being enslaved to keep it floating. When you combine these facts with the current crisis in the EU, and the fact CONgress has gutted Dodd-Frank and even voted down the Volcker rule that would not allow banks to speculate with our deposits, it doesn’t even make sense to a brick wall.

I write this article because the banksters are counting on us not understanding how well they have fleeced our global economy with no hopes of any recovery.  They hope we will all just say this is high finance and we don’t need to understand it.  You would understand if your teenage ran up $5,000 in credit card bills wouldn’t you? And I am certain what you would say and do to your irresponsible teenager who did such a thing.  THEY would be grounded for LIFE, and you certainly wouldn’t give them any more of your money!  For each and every one of us, we need to understand this is the very same thing, only the irresponsible teenagers in this scenario are the FED, the banksters, and our CONgress, and I am being nice. Criminals could also be used to replace irresponsible teenager in this real life scenario, lots of criminals.  So what are we going to do about this, DAD? MOM?  There really isn’t anybody else stepping up, nowhere in the world.  Sorry to be such a bummer, but it is what it is.