We keep worrying about the government, as though they answer to We the People. Wake Up!!! The governing interests in our country are answering to the Federal Reserve banking system, which is a private corporation. Look at a Dollar bill or any other paper money. It says at the top "Federal Reserve Note." The Federal Reserve is not a department of the government and therefore they do not have to answer to the people and they control the money, which is the lifeblood of our existence as a people and as a nation. It is time to regain control of our money!
Fed Manipulations in the Crosshairs - Written by Alex Newman - Wednesday, 09 June 2010
Cronyism, Insider Trading, and Market manipulation hurting Average People
...It turns out that under the guise of “stabilizing” the economy, the Federal Reserve banking cartel had set in motion a series of actions that would eventually transfer trillions to the bankers at taxpayers’ expense, all while decimating the investments of countless average Americans like Pitts. The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) estimated the potential total cost of the combined crisis bailouts at $23.7 trillion, or more than $75,000 per person in the United States...the central banks were loaning these large financial institutions huge sums of money at virtually zero percent interest.... So they’re taking this huge amount of money that’s being borrowed from the Fed, and really making money doing two things: one is all of the banks buying each others’ stock and running up the value of it to increase their net worth on the books … and then they’re also borrowing huge amounts of money from the Federal Reserve and buying U.S. Treasuries … which means guaranteed returns from the U.S. taxpayer.” When the Fed gives new money to the banks and they buy Treasury Securities, they are basically earning free profits in the form of interest on those securities courtesy of American taxpayers, since the government will have to tax citizens to pay back the bonds plus the interest. Wealth redistribution, government style!....
...Another stunning example of the Fed’s blatant market manipulation came to light in April. Even before the congressionally approved “bankster bailouts” of 2008, the Federal Reserve Bank of New York (FRBNY) — owned by private banks and led at the time by tax dodger and current Treasury Secretary Timothy Geithner — “extended credit” to three limited liability companies it created...
...The fake firms then began to intervene openly in the market to help certain favored firms. Incorporated in Delaware, the fake companies — Maiden Lane LLC, Maiden Lane II LLC, and Maiden Lane III LLC — used the Fed loans to purchase a variety of toxic assets from AIG and Bear Stearns, helping JP Morgan and Goldman Sachs, among others...
...Through its front companies, the FRBNY now owns a vast portfolio of hotels, houses, and much more. In April of last year, news of this started to leak out when Reuters reported that the Fed was forced to foreclose on a practically vacant shopping mall it had acquired in Oklahoma City. Democratic Representative Alan Grayson of Florida also drew attention to the problem more recently with a detailed explanation to Congress on how the Fed ended up owning the liabilities of a debt-ridden national hotel chain called the Red Roof Inn... Grayson explained, using displays with pictures of — appropriately enough — the board game Monopoly: “The Federal Reserve became the sucker of last resort [as the banks sought to unload their bad real-estate loans and other bad debt], and in doing so, the Federal Reserve made you — you America — the sucker of last resort.”...
...Despite the hardships imposed on everyday Americans and the economy by the Fed’s activities, its banking cohorts are doing great. In fact, most of the big financial institutions are reporting staggering profits. Goldman Sachs, for example, posted a profit every single day in the first quarter of 2010. Big banks reported over $15 billion in profits during the same period, according to the FDIC...The blatant cronyism on the part of the Fed with elitist bankers has made knowledgeable Americans upset and desirous to take action. Pitts is taking actions of his own: He recently filed three felony criminal complaints with the Federal Bureau of Investigation and the Securities and Exchange Commission against the Fed, the Treasury, and various banks. “How can investors compete in the market against a company that can just create money — set up companies with unlimited money — and just start buying?” Pitts wondered, adding that he “absolutely” would have invested differently if the Fed’s actions had been disclosed. “Investors who had short positions or purchased ‘put options’ were defrauded of billions. I purchased short positions and was defrauded. I want to prosecute,” he wrote in the criminal complaint lodged with the SEC. “Those guilty by their own admission should be arrested. Those who lost because of this fraud should be compensated for their loss.” Indeed, many of the accusations made in the complaints have already been admitted by the Fed itself in some form or another...
...He is also looking into possible insider trading involved in the TARP program, where certain bankers may have been tipped off about which institutions would be bailed out. “There was a time when, if you got that word the stock price would go up, and if you were to trade on that information prior to the public announcement, that would be classic insider trading,” he said...
...The disclosure of the Fed’s inner workings would shed needed light on the extent of Fed-induced distortions in real-estate, stocks, and bonds. But the manipulation doesn’t end there. Available data indicates that the Fed is involved in another critical market, with actions just as serious, and equally secretive...
Manipulating Precious Metal markets
... An ex-Goldman Sachs employee and veteran metals trader in London shocked the world in April when he went public with startling allegations. “JPMorgan acts as an agent for the Federal Reserve; they act to halt the rise of gold and silver against the US dollar. JPMorgan is insulated from potential losses [on their short positions] by the Fed and/or the US taxpayer,” Andrew Maguire told the New York Post. After sharing information with government investigators and accurately predicting events in the metals market, Maguire was supposed to testify before the U.S. Commodity Futures Trading Commission (CFTC). However, a few days after his identity was revealed, Maguire and his wife were struck and injured by a car in a hit-and-run accident. Details about any investigations into the event have not been made public yet, sparking a tornado of conspiracy theories...
...Murphy said his organization wants to find out exactly what the Fed and the Treasury have done with America’s gold. “It’s the people’s gold, not their gold,” he said. The manipulation of gold prices is very serious and is part of the U.S. “strong dollar policy,” Murphy explained, pointing to the relationship between gold and interest rates... “By suppressing the gold price, they can keep the dollar stronger than it would be and keep interest rates less than they would have been,” he said, noting that this manipulation played a pivotal role in the current economic meltdown. “What happens is every time gold prices soar, what do you hear? Too much inflation? Crisis? It’s always bad for the Wall Street crowd and the incumbent politicians.… If the gold price had been allowed to trade freely, interest rates wouldn’t have been kept too low for too long,” and the natural warning system would have kicked in...
...The scheme involves a number of other players too. “It’s not only bullion banks like Goldman Sachs and JP Morgan Chase and HSBC, but also — we call it a gold cartel — it’s also the Fed, the Treasury, the U.S. government, and the [central] Bank of England,” Murphy explained, adding that some of the conspirators had likely broken laws and probably belonged in jail. The suspicions have also been recently confirmed by whistleblowers within the system...Manipulating Money Markets
The Fed can artificially boost segments of the economy, such as housing, for a period of time (even many years) by creating lots of money and flooding the market with it by offering it at very low interest rates — prompting lots of people to take out low-interest loans to build houses (and causing a market bubble). In a free market, on the other hand, the price of money would be determined by the amount of savings (supply) and the amount of currency sought by borrowers (demand). Interest rates would be set where the supply and demand curves meet, with the relative risk of a loan raising or lowering the interest rate demanded by a bank — higher risk earns banks higher rates. But instead, a shadowy, unelected cabal at the Fed arbitrarily sets interest rate “targets” and creates or destroys money to achieve its aims. The problems that result from this central economic planning cannot be overstated and include malinvestment, inflation, destruction and redistribution of wealth (from the poor and middle class to the super rich), and much more... It also creates the “boom and bust” cycle and enables the “Welfare-warfare State” to function by loaning government amounts of money that it could likely not convince citizens to give up through direct taxation. Again, flooding a country with new money means everything just costs more, and the government essentially pays its bills through inflation — rather than through direct taxes.Fighting Back
...It is to be hoped that as investors, legislators, and taxpayers continue to demand answers, the truth will finally come out and, if warranted, the prosecutions can begin. The issue of Fed transparency transcends politics — the American people are growing tired of an unaccountable, unconstitutional institution impoverishing them and enriching the banks without even so much as an audit. But with the economy in shambles and inflation rapidly destroying the dollar, the time for action to rein in these abuses is rapidly dwindling. Politicians who side with the banking cartel should be booted out of office at the next possible opportunity, and solutions must be found soon to avert a tragedy of historical proportions.
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