There is little doubt that any financial institution that could not be trusted to handle your money properly — to insure it and deliver it back to you on demand (with interest) — would not continue to receive your patronage. One might even wonder how and why such an institution would be allowed to exist, much less grow into the most powerful financial authority in the entire country.

If that same institution created beneath its authority lesser financial institutions that would rule over most other even lesser financial institutions and invite those lower institutions to be creative in swindling and defrauding the public, one might be persuaded to dismantle the higher institution and all of its lower minions. And to add injury to insult (because this part of the con game has the potential to result in war), some of the higher financial institutions would re-package the swindles made by the lower institutions and sell them to other nations that did not know those packages were wheelbarrows filled with America’s most worthless financial trash. Additionally, the banks providing loans to individual Americans (and our businesses) are basing their interest rates upon rates that are sometimes fraudulent  — imposed upon them by a foreign entity.

What financial institution would stand as the all-seeing, all-knowing authority over such a massive fraud of the citizens of the United States and those of other nations?

America’s WORST financial institution

That financial authority isn’t merely one that stands in authority over the nation’s financial dealings, it is one that makes laws affecting the entire country. That institution is Congress, the absolute worst financial authority in America.

Consider that Congress rewards financial leaders for failure, looks the other way while fraud is perpetrated, plugs its ears and covers its eyes when ALL 50 STATES band together to fight the fraud pushed upon the residents of each state by members of the Federal Reserve, and then hands an untrustworthy White House executive the biggest check this nation has ever written. Then Congress laments the fact that the check it gave to the executive branch with no accountability is being used for purposes other than the reason it was written.

Congress has 535 executives, all of whom claim no responsibility for the fraud perpetrated by the Federal Reserve, which Congress created. None of the 535 elected representatives claim any responsibility for the decades of fraud perpetrated by congressional creations Fannie Mae and Freddie Mac. And now, to add insult to the injury Congress has allowed citizens of the United States to endure, the chair of the House Financial Services Committee admits that he has no authority or power to compel the Treasury (which operates at the pleasure of the President of the United States), to comply with specific congressional requirements of the $700 billion loan package it literally gave to the executive branch.

What is A-C-C-O-U-N-T-A-B-I-L-I-T-Y?

In response, the president has demanded that Congress also write a check for $25 billion for the poor executives in the auto industry, which Congress eventually declined to do. Of course, the president simply dipped into the $700 billion he bullied Congress into providing and apportioned $17.4 billion to Chrysler and GM. Ford decided to take a pass on it, though reminding everyone that if it goes under, so will the other two … even with their bailout “loan.”

No one knows what the auto executives will do with the money. But then again, no one knew what the executive branch would do with the money Congress gave it. In retrospect, one wonders if Congress would’ve still given the money if it knew the executive branch would walk away from the requirements written into the loan by Congress. The answer is likely yes.

If I knew it was all a fraud, don’t you think Congress had some idea?

You don’t deserve to know anything!

The Federal Reserve, which is a construct of Congress, flatly told the financial media giant Bloomberg on Dec. 12 that it would not reveal what it did with more than $1 trillion of U.S. Treasury securities. This, again, is a financial institution created by Congress, which is an elected body of the people. Bloomberg had sought information from the Federal Reserve in March of this year. It took a lawsuit against the financial institution to just crack open the door long enough for the Fed to say, tough luck. A reminder: The Federal Reserve is a creation of Congress and answers to Congress … but apparently not to the media.

To put it bluntly, the monster created by the people now defrauds the people and dismisses their inquiries. The peoples’ representatives in Congress stand by and do nothing.

In short, the people have no control over the financial institutions of this nation.

Defrauding the citizenry

The massive $50 billion swindle that Bernard L. Madoff orchestrated over decades while building the NASDAQ financial institution upon a foundation of con games and philosophy of lies and deceit, pales in comparison to the stupefying fraud that Congress perpetrated in a few weeks when it handed over the purse strings to America’s future to President George W. Bush. The gravity of such a decision becomes clear when one takes into consideration that in June the same Congress concluded that the same president wasn’t trustworthy — after a five-year investigation revealed that Bush had deliberately misled this country into an unnecessary war … a decision that cost hundreds of billions of dollars on the front end, likely more than a trillion dollars in the long run and impacted millions of families connected to thousands of deaths and hundreds of thousands of wounded people. The impact to the environment has yet to even be calculated.

So today, the House Financial Services Chairman Barney Frank and the rest of Congress are hiding behind Christmas vacations while media begin the arduous task of digging behind the facade of “saving the economy” rhetoric to expose the treachery behind it.

WINNERS and LOSERS

Today, another monster appeared from behind the curtain of deceit. It is the hideous $1.6 billion bailout of the top executives of financial institutions that helped create the economic crisis.

That’s right. The 116 banks that accepted taxpayer dollars from the Treasury to boost the bottom line on their ledgers (whether they requested it or not) have decided the best use of some of that money would be to hand $1.6 billion of it over to nearly 600 of the nation’s banking executives. That’s a nice gift for those who presided over the largest financial fraud in the history of this country.

LOSERS: Inept leaders and the people they lead

Of course, Congress still maintains it can’t do anything about what happens to the money it gives away to the Treasury, which answers to the president … who answers to Congress (if you’re reading the same Constitution I am). That would be the same Congress that declared it would not, under any circumstances, pursue impeachment against President Bush (if you heard Nancy Pelosi when she took over as Speaker for President Bush …er, um, I mean Speaker of the House).

As we get closer to a new year, a new administration and a new outlook for America, i wonder what exactly will be left? There is a deliberate looting taking place under our noses while Congress facilitates it. The White House is moving as fast as it can to solidify (as best it can) long-term military presence in Iraq, Afghanistan and ongoing hostilities in Pakistan (which could lead to full-scale war). The profound problem with the Kurds (which could engage the entire Middle East in protracted war) hasn’t even been addressed by media or Congress and the secret machinations of U.S. oil companies in the backdrop of U.S. military strategies in the Middle East is a conversation no one wants to have.

Corrupt to the core

The truth is that Barack Obama is taking over a monstrous amount of deceit that was built upon a foundation of permanent leadership. That leadership — a combination of two corrupt political parties — has conspired against the people of this country for generations. It has rigged election debates (Google: “Commission on Presidential Debates silences opposition”) to ensure that no other voices can be heard, it has rigged elections (do your own Google search) manipulated media (see Pentagon plants so-called experts in media to sell Iraq war), it has made sure that from presidential election to presidential election the foreign policy of the United States remains virtually consistent, regardless of which party is in office.

Such a conspiracy would take massive cooperation between the parties. It would need the cooperation of Congress. It would also need a completely clueless American public, thus requiring complicity in media. All of the aforementioned requirements have occurred and are in place. There’s just one problem that has cropped up in the past two years: technology.

Change and Hope?

Barack Obama used technology to bypass the iron curtain of influence constructed by and controlled by powers who refuse to allow the people to know the truth. Who are those powers? They are the powers who, election after election, continue to defraud the people with fraudulent voting machines and processes. They are the powers who, in spite of knowing our military was sent to kill and be killed based on false pretenses, refuse to hold accountable the people who sent them. They are the powers who willingly give over hundreds of billions of dollars of taxpayer monies to crooks, liars and thieves.  They are the powers who take money from the American people to give to foreign banks and executives. They are the powers who sit in secret and devise ways to manipulate the media and deceive the American people.

Obama’s popularity soared on the promise of two things: hope and change.

Americans of all races, creeds and political persuasions hoped we would institute change in our highest level of government. But after defeating the status quo couple represented by Hillary and former president Bill Clinton, Obama began the slow side-step toward the very position he argued against. And as Eric Holder and Caroline Kennedy were brought in from the old Clinton and Kennedy clans, it was easy to see that the fix was in.

The more things “change” …

Today, Obama’s cabinet could easily have been picked by Hillary herself. Hillary’s own reluctance and begrudging acceptance of the office of Secretary of State is a slap in the face to everyone who voted for Obama. His choice of Defense Secretary, Robert Gates, is also nod toward the Bush administration. Even Vice President Dick Cheney applauded that move. Americas are merely getting a change of current faces with faces from the past. And with the CIA remaining in charge of the military, America’s foreign policy will continue in the same direction unabated.

Although some are still hoping Obama can do something about the economy, those “Hopers” may want to pay attention to what Obama is doing right now: nothing.

Hope would spring eternal if there were responsibility and accountability occurring now for the monumental fraud that continues under the watchful eye of Congress. When Barney Frank frankly states he has no power to make the administration spend the $700 billion in the way Congress intended, it is simple to look across to the other smaller house of Congress and see Senators Obama, Biden and Clinton all sitting on their hands with their mouths shut tight.

Common sense perspective

If the power is really in their hands and there is no way to stop it, then where is the leadership that demonstrates change and hope? Where are the voices calling for accountability?

They are nowhere to be found. Why? Because Congress is as much responsible and accountable as anyone else in this financial scheme that has unraveled to put on display a bankrupt America.

That’s right. bankrupt. America has no money. No cash. Nothing.

It’s all credit. It’s all loans from nowhere to nowhere. It’s all one big gigantic Ponzi scheme that Madoff could provide a lot of insight into … if even media were interested in exposing it all. But it isn’t. Why? Because who owns media? Corporations.

And the crisis is that the curtain of deceit has been pulled aside inadvertently. The efforts are to shut the curtain and continue to act as though none of us realize we are all party to one massive fraud.

Is there Hope in Obama?

And Obama’s incoming administration isn’t doing anything to stop the hijacking of America today. Is there any hope that he will have any power to do anything about it tomorrow?

Obama has made history in many ways. But he comes form a corrupt institution called Congress. And he has brought with him, veteran liars. Congress is the most corrupt house in America. It is the most useless financial institutional authority we have. It is, indeed, the worst bank in America.

And today, it is being told by the Treasury that it has no power to stop the executive branch from doing whatever it wants with $700 billion of our money. Meanwhile, the Congress-created Federal Reserve is telling financial media investigators to take a long walk off a short pier. The people do not get to know what the Fed did with more than $1 trillion of the people’s money. And Congress hasn’t said a word!

Joining the appaling silence is our presumed president-to-be, Barack Obama, and his sidekicks Sens. Joe Biden and Hillary Clinton. I could add more names to this growing list of collaborative conspirators, but what’s the use? Someone will dismiss me as a conspiracy theorist and everyone will go back to lamenting over how bad things are … and if only we could elect the right liar, all will be fine.

Isn’t it time we began to regard truth as the only valuable commodity left in America? Of course, finding it will take an incredible amount of effort … and the likely firing of a great portion of our government leaders.

Posted on December 21st, 2008 by MikeGreen
Filed under: The Economy, Truth about the economy, thebook

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