The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America.
On January 1, BofA finalized its purchase of Merrill Lynch for just over $29.1 billion. That made the bank eligible for an additional $20 billion in federal rescue money, bringing BofA's total to some $45 billion. Now, Reps. Dennis Kucinich (D-OH) and Edolphus Towns (D-NY) want to know exactly what the banks and the Federal Reserve agreed to when they arranged the deal last year.
Full text of the press release from Kucinich's office:
Washington D.C. (June 8, 2009) -- House Oversight and Government Reform Committee Chairman Edolphus Towns (D-NY) and Ranking Member Darrell Issa (R-CA) today served a subpoena on the Federal Reserve (the Fed) to compel it to turn over documents related to Bank of America’s acquisition of Merrill Lynch.
The full committee and Domestic Policy Subcommittee, under the leadership of Chairman Dennis Kucinich (D-OH), have been investigating the circumstances surrounding the federal government’s bailout of the Bank of America-Merrill Lynch transaction. Specific documents subpoenaed include emails, notes of conversations and other documents.
New York Attorney-General Andrew Cuomo has claimed that, in 2008, then-Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke strong-armed BofA into buying Merrill -- a move that, if true, could expose Paulson and Bernanke to prosecution.
Last week, news services reported that the House had asked Bank of America CEO Kenneth Lewis to testify before the House Committee on Oversight and Government Reform. That hearing takes place on Thursday (June 11).
-- Daniel Tencer
It won't happen.
Your ballroom days are over, baby
Night is drawing near
Shadows of the evening
Crawl across the years ~
Incredible and brilliant.
I hope this tree bears fruit!
Run again, Dennis.
I swear I will vote for you this time.
End the Fed!
HR 1207, Ron Paul's bill to audit the Fed, has around 190 co-sponsors as of now.
[...] deal last year. I have two words for this: Hell yea!! About time!! OK, make that four words. Article is here. Let me add that the Federal Reserve has been making decisions secretly for far too long. The [...]
Imagine for a minute a Ron Paul / Dennis Kucinich ticket. Or Kucinich/Paul...
The Federal Reserve is the lobbying arm for the special interests of the bankers. As Senator Dick Durbin said, "We don't own them, they own us."
Super!
Now if we could get the Dems to subpoena
Bush, Cheney, Rumsfeld, Addington, Yoo, etc..
After their crimes are known. They committed violations of US Federal Anti-Torture Laws http://tinyurl.com/besdd3
Prosecute “Torturegate”
HELP Push our basically Good President
To Enforce Our Federal Anti-Torture Laws.
SIGN THE PETITION To Prosecute the Bush-Cheney Torturers
in the Republican Extremist Party
http://ANGRYVOTERS.ORG
.
When B of A acquired Merrill Lynch and all their debt, I couldn't figure out the strategy based on what was claimed as the debt/ toxic loans, etc. It made no sense.
I guess if they are too big to fail, then indeed the did get more bailout money. Let's see how well asses have been covered...if it does happen.
And Today, rush limpballs was trying to say that gw bush administration did not screw up the economy, it was all the democratic and the new administration's fault for the bailouts. He conveniently forgot about Paulson and Bernake with their 3 page mandate for the original bailout back in Nov. - clearly during the bush admin. Time to end the fed reserve.
I ♥ Kucinich
this is all smoke and fooking mirrors. it's obfuscation of the truth, they have no intent to get to the bottom of the looting and pillaging going on, they're PART OF THIS SHIT!
give me a break. this is BULLSHIT!
Dr. Paul Craig Roberts ( father of Reaganomics ) hasn't figured out why the masses has not strung these banksters up. He said that if it were in the nineteen- thirty's they would have already have been done. They are all looters and thieves, worse then horse thieves! Don't think B of A is the victim here ether they are thieves too. Read Bob Chapman's articles at http://www.theinternationalforecaster.com, he too will tell who the criminal banksters are!
VOTE THE ESTABLISHMENT OUT!
They need to see if the Fed gave money to the banks who are paying off their bailout loans. If so, they are helping the bank execs avoid any limits to their pay. Once again we as taxpayers will end up with the brown end of the stick.
So much for "outraged dem" suggesting
So who would be responsible, once that happens, for the check-clearing and automated payments systems functions that the Federal Reserve handles?
Who would have the power to issue currency?
And who would take over the storage of foreign gold reserves held by the vaults of the Federal Reserve Bank in New York?
Let the Fed clear checks and do the auto payments.
The US can print the currency. Lincoln did, that's where the term greenbacks comes from. That is how he financed the civil war without paying interest to the bankers. Milton Friedman [with whom I seldom agree] said we could pay off our national debt almost overnight if we did that.
Ellen Brown at webofdebt.com has some very good ideas as well.
Send the gold to Ft Knox, I don't think any of our own is there so there should be plenty of room.
Fed. has never been audited Its time to hear the truth..
This is better than nothing...subpoenas at least puts witnesses under oath as Congress tries to find answers. I called Congressman Issa to at least show support of their actions, and those who care should do the same. They need to know that the American people stand behind them, so stop complaining, get on the phones, and do something!
House committee subpoenas Federal Reserve...
The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America. On January 1, BofA...
"Who would have the power to issue currency?"
When you say issue, do you mean print? The US Mints already print the money. Do you mean create? Money is created whenever a borrower signs a promise to repay. That promissory note is money. That's all money is.
Whenever a borrower signs such an instrument, "money" in the amount of the principal of the loan comes into existence. The interest that is required as part of the repayment is never created, however, under the current system. Therefore, if all loans were, say, paid off at once with interest, the money supply would be insufficient to tender all the payments. The solution has been, since the beginning of this diseased system, to inflate the currency by creating new loans, thus enabling the payment of the old ones (and the interest). This superb cartoon, Money As Debt was sent out by email from the Kucinich campaign, and explains it perfectly. A must-see.
But this parasitic system is not necessary. The one and only state-run bank is the Bank of North Dakota, created in 1919 by statute in response to a concerted effort by farmers who were being starved out by artificially depressed grain prices imposed by granaries, railroads, and Eastern bankers, all of whom coveted the land. Those old Swedish farmers, very chary about movements, and dead-set against "Socialism", nevertheless were forced to act, and since then the BND receives all state revenues by law, can loan monies to itself and to cities and towns and counties, at 0% if it so chooses.
But it is not in competition with private banks. In fact it partners with them. However it does not participate in FDIC: the state itself is the guarantor of the deposits.
Any person, company, municipality, or other bank can deposit therein. North Dakota is one of only three states currently solvent in the whole USA. Why? Maybe because the Big Boys didn't get their cut!
Read this article in HuffPo by Ellen Brown: But Governor, You Can Create Money! Just Form Your Own Bank
Well it's about damned time! I'm not going to uncork the champagne until the audit is well underway without some 'national disaster' interrupting at just the right moment.
Thank you Mr. Kucinich!!! For whatever good it does you keep trying.
Just think of all the skeletons laying around in that closet. There has gotta be quite a load of dirty laundry in that hamper. I can see them now with the Cheney document shredder truck backed up to the door.
House Committee Subpoenas Federal Reserve...
Raw Story | The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America.
On ...
@ the exaggerator:
There was a system before the federal reserve. One that wasn't built on debt. A similar Fed style banking system acted as a catalyst for the formation of the US too.
Here's a nice little nugget from Edward Mandell House. He was the Dick Cheney of his day, only he wasn't known for hunting humans on his private ranch, and he wasn't Vice President. What he was though was Woodrow Wilson's 'right hand man' during the period when the Fed was formed.
“[Very] soon, every American will be required to register their biological property in a National system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will affect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer not being able to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions. Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be non the wiser, for not one man in a million could ever figure our plans and, if by accident one or two would figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor or to this fraud which we will call “Social Insurance.” Without realizing it, every American will insure us for any loss we may incur and in this manner; every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.”
It's time to start listening to people like Tim Turner: (http://www.moneyonaccount.com)
End the Fed! Go back to constitutional government.
Repudiate the Debt. Bring the troops home. Be dammed sure the nukes are in good working order and hunker down!
thos will never happen
popurls.com // popular today...
story has entered the popular today section on popurls.com...
TheBaliLama:
Yes, the United States can print its own currency. Yes, our nation was formed, amongst other reasons, for getting away from the banking empires of Great Britain (remember, no taxation without representation). Yes, Lincoln did create an independent currency called the 'greenback'... and that is precisely why he was assassinated.
If it really was about the Civil War and the Confederate States and their rights, don't you think one of them would have murdered him during the war?
Wouldn't it be great if they investigated all this and decided to dissolve the federal reserve?
Wishful thinking, and I'm sure Kuchinich has his own hopes but considering the votes needed I doubt this will ever produce anything.
FreedomPress2012:
I'm not certain if you think we should or shouldn't take back our currency.
There has never been a war that wasn't ultimately about money. No soldier would fight for that. That is why we are given abstract "making the world safe for democracy" type BS and the demonization of the people who have what the aggressors want.
Hmmm - didn't you all in the States have that recall in California?
With the Governor, correct?
Well?
100 years and your comments will be forgotten, enjoy your useless blogs and twitters.
TheBaliLama said :
"Yes, the United States can print its own currency. Yes, our nation was formed, amongst other reasons, for getting away from the banking empires of Great Britain (remember, no taxation without representation). Yes, Lincoln did create an independent currency called the 'greenback'... and that is precisely why he was assassinated."
I believe Kennedy's presidential directive 11110, ordering the treasury to print silver certificates (money backed by silver) may have been injurious to his health as well.
Incidently, I believe that directive was never cancelled.
Well, It might work. We need to keep pushing them until they either fight or surrender. Instead of tea bags, how about burning an oil tanker, or a string of gas stations. As it is, they are stealing everything this nation has. Their bully boy police are murdering us at will. Maybe if we can push them into war crimes trials we can get the lesser rats to start squealing on the bigger rats. This is all connected. The criminal rich seem to always have everything thought out well ahead of the people. We need to throw them a curve ball that will get them off balance. I'm sure they are on top of this subpoena and an audit. May Divine Providence be with us once again, Brothers....... Thank you Dennis. You may get a statue in a park in Washington,... or executed.
Long story short...
I was a major supporter for Kucinich's 2004 presidential campaign, so I know his history, his positions, his excuses, but -- since that time -- I've come to the conclusion that Kucinich is a puppet and a fraudster.
When he backed John Kerry -- Mr. Skull & Bones, the bold-faced liar and warmonger -- this was the first hint that Kucinich was bought & sold. After he backed Obama -- another warmonger and liar -- this was the final straw. The fact he won't stand behind HR. 1207 -- this should be the siren that blows Kucinich's cover-off for good.
He's a lying fraudster, he's only out to further advance his own career, not to actually *Protect the US Constitution* for America; peace, positivity, progress ... he throws all of it out the window every chance he gets, whenever there is a chance he might advance his own name or secure his career.
all the Dems that didn't vote for this guy are dip shits
OH YEAH BABY! Can this be happening? Is this a dream! Halaluya! Audit the Fed NOW!!! Save America.
http://tomasestradapalma4today.blogspot.com/
within and out .there are alot of dirty dealings..where is the money to put in a new sewer system.now everyone in the county suffers.as with all ..god will oversee .
all who have been dealt this hand.
for our new president.he took over a bad deal..and now has to put it right....
he just got started ...give him a chance...
god bless our new president and keep him strong...
TheBaliLama:
The unfortunate theory I have is that we're kind of damned if we do or don't take back our currency. The US Dollar hasn't been worth anything since the Gold Standard was abandoned.
The Federal Reserve -- moreover those in charge of it -- have controlled the faces of governments worldwide since the early 1900s at the latest. You're absolutely right: contemporary warfare is strictly about war profiteering and the equalization of power through the control of money and ultimately, resources. For each advancement we as a society collectively achieve, those above us are several steps ahead in a figurative game of chess, writing the rules years before we even know the changes to the game.
Cynical, maybe, but ultimately realistic.
The truth of the matter is that centuries ago, power came through fear, and that fear through religion. In more recent history, that fear has been transported to concepts of instability through finance, and our Capitalist economy has reason to be blamed by the elders of the world. Capitalism is a great concept when worked responsibly. It promotes competition and innovation. Unfortunately, greed and
immaturity rule the game in which value is given to things undeserving of it.
Today, all the world is controlled by the Almighty Dollar. Those "in the know" are well aware of this man-made godhead, and exploit it to its fullest, with the knowledge that none of it matters in the end. War, genocide, religion, race... nothing matters but the amelioration of the human race. Rather than relying on genetic superiority of the few, those in charge realize that those most economically viable will be the ones to carry on.
Thus, it matters not who makes the money we use. The problem comes that we are as blind as the religious zealots who take words written by man to be the "word of God" when we entrust that 3 inch by 5 inch slips of paper with some ink on it are worth what we are told they are.
This quickly devolved in to a rant, but in closing, let's see how things shape up after December 31.
Andrew:
Oh, the things they omitted from our American History books growing up...
thank you andrew....and in GOD WE TRUST...has been takin out..
the all mighty dollar is an understatement..its not money that gets US where we are going ......
it is GOD THE FATHER.
MONEY IS THE ROOT OF ALL EVIL
This is a mock gesture of reform at best, and a carefully calculated ploy to make the Fed look good at worst.
WE THE PEOPLE....ALSO.... WHERE DID IT GO?
INSTEAD OF ALL MAKEING THE CHOICE ...
SOMEONE DOES IT FOR US.LETS PUT ALL TO VOTE.
[...] Federal Reserve subpoenaed!rawstory.com [...]
Money is not the root of all evil...it's the LOVE of MONEY that is the root of all evil, according to scripture. That's the problem today; FALSE LOVE, if you want to get religious.
These posts regarding the Fed is good, but you're all preaching to the choir! Instead spewing facts most of us here already know, call you House Rep and give'em hell. Do something productive.
Another good way to fight the banks is to withdrawal your money into cash and stop using debit cards for purchases. You'll get better deals too using cash. The bankers depend on your deposits.
I think in the end this is just totally futile, I mean even assuming all involved go to jail, do you think there is even a remote possibility it's going to help anything? You think that there isn't a line a mile long filled with people who are just as greedy, ready to replace the people who caused this whole mess?
Abolish Federal Reserve
I told you all it was coming. I told you I told you.
Now send me a bag of Sees Candy.
Sub committee subpoenas is a nice article.will have to see what else is going in rite direction..so Thanks to Andrew for this nice article.chears
‘JUST’ MONEY
by Tom Dennen
During the last three hundred years, the amount of time Capitalism has lasted, (it’s dead now and here’s why) four just men tried to buck the banksters by creating interest-free money for the well-being of the people they led.
The first was Thomas Jefferson with a series of letters that discussed the concept of interest-free currency and the belief that banks are anathema to personal well-being:
"Certainly no nation,” he wrote, “ever before abandoned to the avarice and jugglings of private individuals to regulate according to their own interests, the quantum of circulating medium for the nation – to inflate by deluges of paper, the nominal prices of property, and then to buy up that property at one shilling in the pound, having first withdrawn the floating medium, which might endanger a competition in purchase.
“Yet this is what has been done, and will be done, unless stayed by the protecting hand of the legislature. The evil has been produced by the error of their sanction of this ruinous machinery of banks; and justice, wisdom, duty, all require that they should interpose and arrest it before the schemes of plunder and spoliation desolate the country." – Thomas Jefferson to William C. Rives, 1819.
A little circuitous and profound, perhaps, but the truth and substance of his shock is here:
The next was Abraham Lincoln who just before the American Civil War turned down the international banks’ offer of a loan at thirty-nine percent on the money needed to conduct the North’s side of the war.
Instead, he created an ‘interest-free’ currency called ‘The Greenback Dollar’ which served sufficiently to carry the war to its end without having to pay any interest on it – it was government, by, with, for and call it ‘We, the peoples’ money.
This is what The London Times said about the newly minted president Abraham Lincoln’s Greenback Dollar:
“If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost.
“It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world.
“The brains and the wealth of all countries will go to North America.
“That government must be destroyed, or it will destroy every monarchy on the globe.”
Now, that’s a place in which I’d like to live and once thought I did – please Google the passage, just to see that I did not invent it.
Paradise seems always to have been disguised and kept only for the few:
Lincoln’s novel ‘free people’s money’ lasted only for the duration of the Civil War after which, when it became evident that the 'Greenback Dollar' would remain in circulation, he was assassinated and the ‘Greenbacks’ taken out of circulation.
“The struggle that was to rid the country of human slavery of the black race, however, was also to fasten upon the whole nation an economic or money slavery, which has endured to the present time..."-- Dr. R.E. Search in Lincoln: Money Martyred
The next historical applicant to the people’s place at interest-free money was, strangely enough, Adolph Hitler who created another ‘free people’s money’ and brought Germany – in just four years, from 1933 to 1937 – from complete and utter bankruptcy – read the Versailles Treaty – and zero credit from any bank in the world, to sit as the most powerful economy in Europe with, what have we here? An interest-free people’s currency: “One Mark will be issued for every Mark’s worth of work done”.
He employed every able German in the country and paid them with the people’s money.
The world community of banksters declared war on him in 1933, before he even got into his ‘first hundred days’ in office, successfully demonized him and created a race of victims called ‘Jews’ and then blamed their victimization on him, which may be why we are not ‘allowed’ to examine that bit of extraordinarily efficient propaganda.
Google this for yourself – truth never needs to be defended.
The next person to understand the perfidy of the banksters was John Fitzgerald Kennedy who, on June 4, 1963, under Executive Order number 11110, issued his Silver Certificates for the same reasons president Lincoln created his Greenbacks and Mister Hitler his Volkswagen mark - ‘free people’s money’ – to buy a way out of war.
Kennedy issued $4,292,893,825 of cash money; free of debt and free of interest.
It was a sufficient amount to allow the nation to operate without the private Federal Reserve.
Just 5 months later, JFK was shot by the "crazed lone nut" Lee Harvey Oswald.
Almost immediately after Kennedy's death, the US Silver Certificates were pulled out of circulation and destroyed except for samples in the hands of collectors and the United States went back to the privately-owned-and-for-profit Federal Reserve system, under which we are bleeding out our wealth yet again.
From Mike Rivero’s ‘What Really Happened’:
“A telling clue lies in the fact that the Warren Commission, now widely understood to have been a cover-up, counted among its seven members John J. McCloy, who had served as head of the World Bank and President of Chase Manhattan Bank. A rather odd resume for a man charged with investigating a murder, in hindsight!
“Subsequent examination has shown that Kennedy's Executive Order 11110 was never rescinded. That would have taken an act of Congress, and in the atmosphere of near deification of JFK following his death that would have brought more public attention to what Kennedy had wanted to do. So, that Executive Order still stands.
“I have written this commentary for two purposes. First, to remind President Obama that he already has all the authority he needs to order the US Treasury to start issuing currency. He just needs to pick up the phone or stroll through that tunnel and tell them to carry out Kennedy's EO 11110.
“Obama has that authority.
“He does not need Congress or anyone else's permission.
“My second purpose is to send a message to the Federal Reserve. And that message is that if Obama does start issuing currency in accord with the Constitution and Kennedy's EO 11110, and anything happens to him, the owners of the Federal Reserve will be our first and most likely suspects”. - Mike Rivero.
"This country, with its institutions, belongs to the people who inhabit it.
“Whenever they shall grow weary of the existing Government, they can exercise their constitutional right of amending it or their revolutionary right to dismember or overthrow it."
Abraham Lincoln, 1861.
A subpoena is the step done before the sternly worded letter, right?
THE FED NEEDS TO GO!!
For all those jumping on the Ron Paul - Ban the Fed - Gold Standard - Let's all retreat to 18th century banking principles bandwagon, just a few notes regarding the actual content of this article, instead of what always seems to pass amongst these circles (inane circular rhetoric).
The context here is BofA's acquisition of Merill Lynch, and what role, if any, the federal government played in ensuring that the deal took place.
Remember the accusations of 'strong-arming' that Ken Lewis proclaimed some time later, (after the Bush Admin had left office). BofA was secure during the time period mentioned, and when it came to declare its fourth quarter numbers, the vast-majority of the losses absorbed were from the acquisition of Merill. Needless to say, after everybody and their brain-dead 'Ron Paul Revolution' people got their hands on it, they spun what used to be a generally reasonable (not perfect, not saintly, and certainly not without blame) institution into a black horse.
Hence the use of the extra $ 20B for the acquisition. I'm not agreeing with the use of federal funds, however, if the federal government played a significant role in forcing through this acquisition then people need to be held accountable.
As far as the rabble that accounts for 'comments', I haven't had the best opinion of 'raw story', mostly because its inability (like every other media organisation) to remain impartial, and its 'fan-base' of Ron-Paulites certainly do them no favor with their constant ramblings and mediocre (laughable) attempts of 'enlightened persuasion'.
The only reason I'm commenting on you poor fools is because you happen to be the one of the loudest people in the room, and every once in a while, a rational, pragmatic, and reasoned individual needs to step forward to calmly remind folk that a senile geriatric doctor and some career politician aren't going to solve anything.
I would ask people to do independent research, perhaps focus on what they can apply in their own lives instead of raging at what they see to be a systematic injustice (as it seems to be an internet fad that just won't go away).
Want to invest all your money in Gold? Go ahead - Don't have any credit cards - Fine! Plant your own crops? Great! I'm totally supportive of all of these.
But please, let the real professionals handle the dirty work, and stop pretending that you can be an economist too. Most people give that up after they reach a certain point in their lives, (it's called specialization - I let an accountant handle my taxes, while I handle statistical product control and quality assurance testing).
I apologize for the essay - This has been brewing for some time.
Best of luck to all in this uncertain, chaotic environment we call life.
END THE FED! Support the resolution from Ron Paul: HR1207. Contact your congress-critter and put the pressure on. The time is NOW for all good men to rise in defense of the Republic!
Are you ready for another event? Another global event that distracts people from issues like these. They are very scared.
Why else do you think they put out the fake scare of swine flu.
They are gearing up the North Korea threat.
What's next?
Are you ready to be distracted and scared again?
The Bank Bailouts, The Economic Boom/Bust Cycle is and always will be manufactured to re-distribute the wealth of this planet into a few select hands, share prices drop, businesses go bust, and get bought up by the big coroprations for barely a dime, the natural resources of the planet are bought up and the general public are blind to it all.
Its about time humanity woke the hell up!
Andrew
http://www.expose-the-system.org
Also try watching Zeitgeist Addendum, The Money Masters and Money as Debt on Youtube...
And still Kucinich won't cosponsor HR 1207...
The Exaggerator: Who would have the power to issue currency?
The US Government is the ONLY entity that was mandated, by the Constitution, to regulate money.
Each and every president who was assassinated was assassinated because they were opposed to the Fed Reserve, or it's predecessors.
They make money by controlling the money supply, their excuse for being America's central bank system was to prevent recessions/depressions. But as a result of those with the money being in power, they say 'recession' and the federal government says 'how hard?'
Google Grand Theft, Planet and do a search for ... Depression followed. If that catches you, read the whole thing. My comment above is the introduction to Grand Theft, Planet, trying to connect the dots.
[...] Jun. 10th, 2009 at 6:16 AM The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America...Source:http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/ [...]
[...] Source:http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/ [...]
There is more going on than the media, even including RAW STORY is telling us. I've tried to tell Larisa the story but no one is listening. Ya'll will find out soon though and I won't be sending any tips here again.
The repooplicans have set the standard...you do not have to show up when subpoened!
DO NOT SHOW UP!!! NOTHING CAN BE DONE!!!!!!!!!!!!!!!!!!!!!!
why are mostly all these money lenders Jewish? why is Obama's economic team 98% Jewish? Why aren't there more Christian's at the Top?
what percent of these people are Zionist? we are in 'big' trouble as a Nation.
[...] cruising the internet for today’s article, this popped up. One has to wonder why news like this must be scoured for instead of being a prominent story on a [...]
@malakayah
To quote Shakespeare: "The fault, dear Brutus, is not in our stars,
But in ourselves, that we are underlings."
If your life doesn't look the way you want it to, stop blaming others and being a victim.
If we are honest with ourselves, we will almost certainly find that the things that upset us about others is something we have in ourselves.
Watch out for people who vehemently object to something, they are probably about to do it to you.
For instance: If someone tells you "I hate thieves, they should be killed, their family killed, their dog too" you better grab your wallet and run as fast as you can.
The federal reserve private institution is totally jewish(khazars).If you don't wake up soon,the SYNAGOGUE OF SATAN(REVELATION 2:9..3:9)are going to destroy America.Abolish their private bank and stop sending money to converted(khazars jews)in Palestine,they are not from the tribe of judah and they are not Israel,you have been duped by those criminals.WAKE UP AMERICA.
Bob Chapman has been right for the last decade at least - especially about the crash of the entire economy - and it is being done to us deliberately. Support H.R. 1207 and audit the Fed, then end it. Bring the crominals to justice. From a recent newsletter:
"What we are about to tell you may be the most important information that we have imparted in almost 50 years. something very bad is looming – we don’t know the exact configuration yet, but we think the key is the collapse of the dollar, which will send gold and silver to considerably higher prices. These events could unfold over the next 2 to 4 months. There could be devaluation and default of the US dollar and American debt. You must have at least a 6-month supply of freeze dried and dehydrated foods, a water filer for brackish water, and assault weapons with plenty of ammo and clips. You should put as much of your wealth as you can in gold and silver coins and shares. You should not own any stocks in the stock market except gold and silver shares, you should not own bonds the exception being Canadian government securities, you should not own CDs, cash value life insurance policies and annuities. And, needless to say, except for your home you should be totally out of real estate, residential and commercial because it will remain illiquid for many years to come. Continue to pay your normal debts down because we do not know how they will be treated when we arrive at devaluation and default. We certainly don’t want to have to tell you this, but the way things are shaping up it doesn’t look good. As we write this the dollar is breaking 80 on the USDX. Interest rates are climbing, and have broken out to the upside. Gold and silver are poised to break into new high territory and the stock market is preparing to retest 6,600 on the Dow. You have been warned, act accordingly."
http://theinternationalforecaster.com/International_Forecaster_Weekly/Gold_To_Stand_Against_Big_Devaluations
Ex-Italian President: Intel Agencies Know 9/11 An Inside Job
Paul Joseph Watson
Prison Planet
Former Italian President and the man who revealed the existence of Operation Gladio Francesco Cossiga has gone public on 9/11, telling Italy’s most respected newspaper that the attacks were run by the CIA and Mossad and that this was common knowledge amongst global intelligence agencies.
Cossiga was elected President of the Italian Senate in July 1983 before winning a landslide 1985 election to become President of the country in 1985.
Cossiga gained respect from opposition parties as one of a rare breed - an honest politician - and led the country for seven years until April 1992.
Cossiga’s tendency to be outspoken upset the Italian political establishment and he was forced to resign after revealing the existence of, and his part in setting up, Operation Gladio - a rogue intelligence network under NATO auspices that carried out bombings across Europe in the 60’s, 70’s and 80’s.
Gladio’s specialty was to carry out what they coined “false flag operations,” terror attacks that were blamed on their domestic and geopolitical opposition.
Cossiga’s revelations contributed to an Italian parliamentary investigation of Gladio in 2000, during which evidence was unearthed that the attacks were being overseen by the U.S. intelligence apparatus.
In March 2001, Gladio agent Vincenzo Vinciguerra stated, in sworn testimony, “You had to attack civilians, the people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple: to force … the public to turn to the state to ask for greater security.”
Cossiga’s new revelations appeared last week in Italy’s oldest and most widely read newspaper, Corriere della Sera. Below appears a rough translation.
“[Bin Laden supposedly confessed] to the Qaeda September [attack] to the two towers in New York [claiming to be] the author of the attack of the 11, while all the [intelligence services] of America and Europe … now know well that the disastrous attack has been planned and realized from the CIA American and the Mossad with the aid of the Zionist world in order to put under accusation the Arabic Countries and in order to induce the western powers to take part … in Iraq [and] Afghanistan.”
Cossiga first expressed his doubts about 9/11 in 2001, and is quoted in Webster Tarpley’s book as stating that “The mastermind of the attack must have been a “sophisticated mind, provided with ample means not only to recruit fanatic kamikazes, but also highly specialized personnel. I add one thing: it could not be accomplished without infiltrations in the radar and flight security personnel.”
Coming from a widely respected former head of state, Cossiga’s assertion that the 9/11 attacks were an inside job and that this is common knowledge amongst global intelligence agencies is highly unlikely to be mentioned by any establishment media outlets, because like the hundreds of other sober ex-government, military, air force professionals, allied to hundreds more professors and intellectuals - he can’t be sidelined as a crackpot conspiracy theorist.
Damn this story is raw...
You should def check this out... Called an
electronic cigarette Tobacco companies are trying to keep it shush shush....
Sounds to me like another "Dog & Pony Show". The private Federal Reserve will continue to rule the U.S. because other than Ron Paul I don't see anyone else exposing the awful truth about these bastards.
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we( heathen) gentiles Christians deserve the money lenders's system ,because we are stupid..goy's
Be prepared because they will lash out over this & give themselves away.
Extortion, blackmail, and bribery.
The chosen and the superior.
Israel-first, dual-nationals.
AIPAC & 911
HUBRIS
we need a Christian Banking system for Christian People.......
@ #50 -- Pragmatist
HOW MANY TIMES WILL THE IGNORAMUS OBAMABOTS TRY TO IMPROPERLY APPLY THE WORD "PRAGMATIC"? BEING ANTI-AMERICAN VIA SELLING-OUT AMERICA -- ITS HISTORY, ITS MANUFACTURING, ITS ECONOMY, ITS LIFEBLOOD -- OUR LIBERTY -- AMERICA'S EXISTENCE -- TO THE LIKES OF CHINA -- THIS IS NOT "PRAGMATIC", SO YOU MORONS SHOULD GET YOUR COLLECTIVE HEADS OUT OF OBAMA'S GAPING ASSHOLE.
[...] want to subscribe to the RSS feed for updates on this topic.Powered by WP Greet BoxRawStory.com Daniel Tencer Tuesday, June 10, [...]
I thought this was the Senate's job? Dealing with the monetary system.
It's seems to me some Senators have broken their oath of office, but since the oath isn't clarified nothing happens. We effectively might as well not even have an oath.
Or can an Army grunt arrest a Senator?
How about it JAG?
I dare you to clarify it.
Maybe take a break from "returning to terrorism" all those gitmo detainees and actually clarify something that you swore an oath to.
I think you meant #54 and not #50, but I agree, because they were the idiots that helped guide America into this God-forsaken hole, from the start. So, seriously, what's with all the Obama worshipers attempting to portray their shit as "pragmatic", especially where/when their shit is not pragmatic? It's a joke.
Hopefully Americans start to wake up and take notice of the Banksters and Money Powers that have a huge stranglehold on our nation, it's lawmakers, and the people. It's high time we expose their dirty work to light. Once we have shown that the Fed is committing crimes we must then dismantle it and return the coining of money to Congress (I know not much better but a start and a huge win for the American People).
Get your congressman to support H.R. 1207 Federal Reserve Transparency Act 2009.
Call them.
Write them.
Visit them in person.
REPEAT until they have signed on to support this bill.
visit http://www.campaignforliberty.com to learn more and get involved.
@ the exaggerator #16
So you are in favor of a private corporation controlling your entire economic system? How does that make any sense? Please offer your logic on how a private corporation is the best way to run a national economy. You did know the "Federal Reserve" is not the Federal Govt. but a private corp? Also, thanks to all who provided historical back up info on the Fed Reserve.
I'd rather have an investigation of what the fuck cheney was doing for 2 hours while hijacked airplanes joy rided around the nation without any intercept or other air defense maneuvers executed or even ordered. And what was Clinton appointee Norman Mietta talking about when he said an aide asked Cheney if the plans still stood and Cheney replied gruffly, Yes the plans are still in effect.
I just read on a website, we've had the BIGGEST HEIST IN HISTORY. I really hope this tree bears fruit, but I fear it won't.
There's plenty of things that need investigated. We know that 9/11 report wasn't anywhere near the true story.
We know REAL HARD NEWS, is usually smothered out amd BABBLE put in instead.On the net you can find the things that tv isn't allowed to report. I hope that the net can remain on, without a lot of censorship.
[...] Source:http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/ [...]
[...] Source:The Raw Story [...]
[...] The Raw Story » House committee subpoenas Federal Reserve. Economics, The [...]
We need to get back to the gold standard and solid money. Does anyone remember Dr. Ron Paul, you know, the one with the Master's degree in economics, that we didn't elect?
[...] hand over all documents relating to the takeover of Merrill Lynch by the Bank of America...Source:http://rawstory.com/blog/2009/06/house-committee-subpeonas-federal-reserve/ Publicado por Aaron en [...]
[...] Tencer Raw Story Wednesday, June 10, [...]
BANKS...AND THEFT...SEEM TO GO TOGETHER.
why i dont keep my money in a bank...deposi$ 2.000 and withdraw $700.00
and be told im overdrawn that $700.00...where did my money go?????
i have no clue what you did with it.is what i was told.....anyone have an answer for that one???
gold reserve could be the answer for 9/11....what was under the building??and also it belonged to another country......
QUESTION...FOR THE JEW HATER.....WHAT IF JESUS WAS A JEW??IN REVALATIONS
IT STATES THAT ALL EVIL WILL BE REVEALED...AND SENT STREIGHT TO HELL WITH SATAN..IT ALSO SEEMS THAT AMERICA IS THE MOST GREEDY...ALL IS TO BLAME..
NOT JUST ONE OR THE OTHER..
I MAY NOT HAVE BIG WORDS TO USE...AND OR BOOK SMART .BUT I AM STREET SMART.I SEE WHATS GOING ON AROUND ME.GREED...IS WHAT HAS TO GO...
2 trillion dollars have been stolen having the government aid an abet the crime and put taxpayers on the hook for it. You're all delusional to think the Federal Reserve or our own government has any intention of honoring the law.
@Richard
As long as we are resigned, they have us where they want us. If enough people see the impact on them of the Fed and pals, we can stop it. It won't be pretty for sure. The civil rights and Viet Nam war demonstrations were anything but pretty and yet....
We as a nation need to find our spines. Faux News & friends have got 30% of the people scared spitless and they are striking out at people who have nothing to do with the problem. Most of the rest are resigned and plenty don't even vote.
I was in Indonesia when Suharto, a brutal dictator, stepped down because the entire country stood in the streets and said NO!!! All his army couldn't keep him in power.
We are acting like a nation of cowards and wimps. We need to stop acting like spoiled children and stand up as adults and take responsibility for the mess we are in. We let it happen. If we keep letting them get away with it, we are victims because we choose to be.
If ten million of us sat down in intersections all over the country, twenty million would be there the next day, until we got justice.
We just may not have the balls to do it.
Yes, the Fed leaned of Bank of America to go through with the deal. At the first B of A thought it was a steal on the order of JP Morgan Chase grabbing Bear Stearns. Then B of A saw that big Q4 loss Merrill was facing. But the Fed would not let them back out.
When the apartment is burning firemen have to make decisions quickly. Not all are perfect. But the rules are pretty clear: be cautious because dead firefighters don't save anything; next, save other's lives, then save property.
Having been at the center of an FX crisis when I was at US Treasury I know that trouble usually comes with turmoil.
Finally, let's remember that the money was LOANED to Bank of America. So, it's been earning interest from the get go. Between the interest the Fed and the Treasury are earning, plus the stock and warrants the Treasury has for banks, GM and Chrysler, etc., the returns as the economic recovery comes will be handsome.
Ron Pauls H.R. 1207: to Audit the Fed has over 209 sponsors. Next we need
H.R. 2755: Federal Reserve Board Abolition Act also by Dr Ron Paul
Muriel:
It's hard to be a critic of religion to a seemingly religious person, but once you start on the history of religion at large, you'll start to see the gaps that a little extra research starts to fill in. The unfortunate truth there is that we've all been duped to an extent. Whole books were left out of the Vulgate -- the Latin precursor to the Holy Bible -- which literally translates to "edition prepared for the common people." I'll minimally digress here with the understanding that I'll probably anger you a bit, and for that I apologize.
God as we know it resides in everything around us. God's son, or the Sun, resides in heaven and is surrounded by 12 apostles in allegory, though in reality, reflects upon the 12 signs of the zodiac. Jesus was a real man historically, and did amazing things in his day. But our modern interpretation omits his teenage years and twenties because Christian leaders would never want you to know he trekked to India to study Buddhism, nor that he didn't actually die on the cross, but was rehabilitated by his friends and then trekked back East to live out the rest of his days in India.
The moral is: it's easy to distract the masses if the masses are blinded by awe, tradition and fear. Everything is Pagan in the end.
Tom:
Graat post. I was unaware of Hitler's attempts to get Germany out of it's end of the Depression. This was a great read all around.
Pragmatist:
I'm here sparking a debate, not starting a fight; please understand that before continuing.
Your first paragraph alone states your bias, so I won't argue the fact that you disagree with the general sentiment circulating here. Just understand that men much wiser and more pragmatic than you wrote years ago that a centralized banking industry would corrupt our budding nation just as they had in Europe. I am, of course, speaking of Alexander Hamilton and his Federalist Papers.
You can go against the ideology if you're content in your personal lifestyle, but you can't knock the the years of expanding problems directly caused by the scorn of our forefather's warnings.
If you'd like to expand upon the article itself (which I do agree, we as a whole have strayed slightly from), this whistle-blowing will be an interesting moment in time as the documents are released as to the specifics of the merger and the paper-trail therein.
As far as your condescending tone regarding the "rabble" here, don't lump everyone together; there are several contributors who seem to have a good handle on history here and are eager to share and learn more about the silent truths behind one of the shadiest institutions in modern human history.
Rationality aside, understand that organizations like the Federal Reserve thrive on complacent individuals such as yourself. Independent organizations taking control of an important aspect of daily modern life and bastardizing it much like previous generations did with religion. Blind faith, in any regard, allows the few to herd the masses to whatever whim they please.
There most likely isn't some huge conspiracy here. What there is are a select few men behind closed doors who don't care about humanitarian endorsements nor popularity, nationality or affiliation. All they care about is procuring a medium which their families invented centuries ago, to rise themselves up from the doldrums and into the false Godlike presence they now possess.
You ask others to do independent research without presenting much of your own. I agree that simple principles can be applied to the everyman to gradually bring about some sort of amelioration, but I'd feel a fool if it were proved in a court of law that the Federal Reserve indirectly or directly caused the assassination of two of our country's great leaders for sake of maintaining their own power.
Does it not make sense? Again, I wasn't present for any closed-door meetings and thus this is merely a statement of opinion, but allow the plausibility of such an accusation to sit with you, and understand how this sort of institution is the very reason this nation separated from the British Empire in the first place, and the very same families run the Federal Reserve today that did the banking empires of Europe.
The dollar is god today, and those in control of god control the people. I find it entertaining how your subtle bashing of the comment made on gold could even be made. I don't know how old you are, but understand the Federal Reserve has in its power to cash out your debts at any time, and if your dollar is worthless, you have no other way to repay your debts. It's time to buy a handgun and a single bullet.
I think the reason you're closed-minded to the issue is that you are secure in your daily life, and no one here can fault that. The downside to your closed-mindedness is that you are part of the herd of listening to what is told to you and believe it all the time. Before this makes me seem hypocritical, I read a lot and formulate opinions based on a wide variety of conflicting information. The simple truth of the matter is that, although I don't really care for Ron Paul himself, he has made several accurate predictions and was an economist. Let the professionals handle the dirty work, yes. It is dirty, after all. Let the American citizens wash their hands free of the issues they need not be concerned with. It's easier to capture the king when the pawns are off glued to the latest piece of technology and the garbage that flows from it.
Malakayah:
There was a specific group that organized in the 1930s with regard to the hatred of the Jews. Let's not continue that. I was raised Roman Catholic and I've met quite a few Jews in my day that I'm not a fan of, but don't fault a whole race for the actions of the few. As a matter of fact, keep religion out of the discussion. If you want to talk religion, know that all that's practiced today stemmed from one much, much older religion, and that when you worship the Heavenly Father or his everlasting life, you are in fact worshiping the sun in the sky. You say "amen" at the end of prayer and are praying to amen-Ra, the Egyptian god of the Sun. Sure, Jesus was a real guy, but a lot of his stories have been bastardized to suit the power gaining needs of the Catholic Church and subsequent spin-offs. Why else do you worship on SUNday?
I could go on, but this is a much deeper rabbit hole of an argument.
Nicolae:
The Church's high level authorities practice Satanism; it's viewed as a necessary evil and Satan, Seth and Lucifer are three very distinct characters in ancient mythology. Again, comparing Jews to Satan is not only inaccurate, but it is ignorant.
No offense; I do feel you make several other very, very valid points.
On what I regarded as good authority, I was told that somewhere within the Federal Reserve Act there is a provision that the USA can rescind the Fed's license with the payment of $1 billion to the Fed's owners. Should this be true, perhaps much, if not all of the US national debt owed the Fed can be eliminated. That done, the Treasury could return to printing and controlling the US currency.
Might anyone here be able to verify this?
Some here may be interested in viewing http://www.youtube.com/watch?v=pVmxQsvj6lo , which has former Fed Chairman Greenspan clearly stating that the Fed has never been accountable to any government entity.
My research reveals the following regarding the Fed's ownership.
More that half the shareholdings in the Federal Reserve Bank arc controlled by large New York City banks, including National City Bank, National Bank of Commerce, First National Bank, Chase National Bank, and Marine National Bank. When Rockefeller's National City Bank merged with J.P. Morgan's First National Bank in 1955, the Rockefeller group owned 22 percent of the shares of the Federal Reserve Bank of New York, which in turn holds the majority of shares in the Federal Reserve System - 53 percent. But who really owns what?
Here are the top controllers of the Federal Reserve Bank
1. Rothchild banks of London and Berlin.
2. Lazard Brothers Banks of Paris.
3. Israel Moses Seif Banks of Italy.
4. Warburg Bank of Hamburg and Amsterdam.
5. Lehman Brothers Bank of New York.
6. Kuhn, Loeb bank of New York.
7. Chase Manhattan Bank of New York, which controls all of the other 11 Federal Reserve Banks.
8. Goldman, Sachs Bank of New York.
This ownership combination has been challenged by the Federal Reserve Bank, but a study of Standards and Poors will verify the ownerships. This means that the controlling interest of our national monetary system is foreign.
Educate yourself. Read "The BILDERBERG GROUP" by Daniel Eustian.
Did the American people form the Federal Reserve or did David Rockefeller????
Who elects the presidents of the United States??????
How did Jimmy Carter get elected???? Where did his election funds come from????
Why was Richard Nixon removed from office and who removed him??????
Hear ye, hear ye, Read all about it.
WAKE UP AMERICA!!!!!!
Who is behind the colapse of Canada????
NOT IF BUT WHEN WILL THE UNITED STATES FOLLOW CANADA??????????
READ, READ, READ. LEARN, LEARN, LEARN.
[...] committee subpoenas Federal Reserve Daniel Tencer Raw Story Wednesday, June 10, [...]
[...] corruption, and all the fancy newspeak that makes you think you’re not a slave of the Fed and other globalists of whom you’ve never [...]
i am not recognising my countrymore each day.
we have unemployment at 9%...yet refuse to kick out illegals
we have huge debt...yet refuse to end benefits to illegals
we have immigration laws..yet refuse to enforce them
california is bankrupt..yet refuses to end entitlements to illegals
did you know that in 1954 president eisenhower deported 13 million illegal mexican nationals to make jobs for returning war vets....he put country before politics. will we ever again see that
Marie R:
The problem is that we are now based on a worldwide economy, and not just one for the United States. America is a country that loves cheap labor and cheep goods, but also deserves a higher pay grade for whatever it's citizens do for a living.
I think that a worldwide economy is a good thing, but I can see your backlash. Plenty of Mexicans are legal US citizens, and they are among the hardest working people in this nation. They also take the jobs the majority of the upper classes wouldn't want to do.
They fill a need that we as a society have created. The blame is on the average "natural" US citizen.