Jon Rappoport’s Blog | January 4 2013
In the Matrix, cover stories are everything. There are layers of them.
When it comes to so-called democratic governments, the lies and legends and fairy tales and half-truths and limited hangouts are nearly endless.
Imagine a bank robber posing as a hundred different people, with a history for each identity. Every identity’s story is a limited hangout, a partial exposure of who he really is…you get some truth about his mistakes, his problems, his struggles, his hopes and dreams, but the one thing you don’t get is the naked details of his bank robberies.
Intro: Robert Stuart, a US software developer, has been charged with a felony. He sold software to a firm outside the country, who used it to promote and facilitate online gambling. All legal. No problem.
But US authorities claim the software was then grabbed and deployed by American business people, who, without permission, used it to enable illegal online betting within these shores. Hence, charges have been filed against…Stuart!
Absurd on the face of it, so far.
“I grew tomatoes in California, sold them to a French wholesaler, but three guys in New Jersey somehow got hold of a few of the tomatoes, threw them in the face of an Atlantic City housewife—so I’m charged with assault.”
However, all this makes perfect sense, if you realize the government is incensed because they’re not getting a piece of the gambling action. And they have to punish somebody, anybody for that. It’s the money.
The money. Okay?
John Nichols (The Capital Times) | RS_News | March 12 2012
OPINION | Vermonters went to their town meetings last week to settle questions about dump fees, snowplowing contracts and utility meters.
They also decided to take on the corrupt campaign system that is steering the republic toward catastrophe.
And they have done so in a voice loud enough to be heard all the way to Washington.
By Thursday morning, 64 towns had moved to amend the U.S. Constitution to overturn the Supreme Court’s Citizens United ruling – as well as the false construct that says, in the words of Mitt Romney, “Corporations are people, my friend.”
“The resounding results will send a strong message that corporations and billionaires should not be allowed to buy candidates and elections with unlimited, undisclosed spending on political campaigns,” declared U.S. Sen. Bernie Sanders, I-Vt.
Vermonters are not the first Americans to move to amend. Referendums have already passed in Madison and Dane County. Cities across the country, including Los Angeles, have urged Congress to begin the amendment process. State legislatures in Hawaii and New Mexico have too. (State Reps. Mark Pocan and Chris Taylor are proposing that Wisconsin join the call.)
But what has happened in Vermont is remarkable. Town meetings endorsed what once seemed a radical response.
It is not just liberals who are saying corporations are not people.
“Support for the resolution cut across party lines. Six towns in Republican districts and 13 cities and towns that have sent both Democrats and Republicans to the state legislature voted for the resolution by wide margins,” says Aquene Freechild of Public Citizen’s Democracy Is for People Campaign. “This bipartisan opposition to the Citizens United ruling mirrors several nationwide polls on the issue.”
| January 26 2012
The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.
What was revealed in the audit was startling:
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious – the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is “only” $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is “only” $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.
By Bernie Sanders | Reader Supported News
November 8 2011
As a result of the greed, recklessness, and illegal behavior on Wall Street, the American people have experienced the worst economic crisis since the Great Depression. Millions of Americans, through no fault of their own, have lost their jobs, homes, life savings, and ability to send their kids to college. Small businesses have been unable to get the credit they need to expand their businesses, and credit is still extremely tight. Wages as a share of national income are now at the lowest level since the Great Depression, and the number of Americans living in poverty is at an all-time high.
Meanwhile, when small-business owners were being turned down for loans at private banks and millions of Americans were being kicked out of their homes, the Federal Reserve provided the largest taxpayer-financed bailout in the history of the world to Wall Street and too-big-to-fail institutions, with virtually no strings attached.
Over two years ago, I asked Ben Bernanke, the chairman of the Federal Reserve, a few simple questions that I thought the American people had a right to know: Who got money through the Fed bailout? How much did they receive? What were the terms of this assistance?
Incredibly, the chairman of the Fed refused to answer these fundamental questions about how trillions of taxpayer dollars were being spent.
The American people are finally getting answers to these questions thanks to an amendment I included in the Dodd-Frank financial reform bill which required the Government Accountability Office (GAO) to audit and investigate conflicts of interest at the Fed. Those answers raise grave questions about the Federal Reserve and how it operates — and whose interests it serves.
As a result of these GAO reports, we learned that the Federal Reserve provided a jaw-dropping $16 trillion in total financial assistance to every major financial institution in the country as well as a number of corporations, wealthy individuals and central banks throughout the world.
The GAO also revealed that many of the people who serve as directors of the 12 Federal Reserve Banks come from the exact same financial institutions that the Fed is in charge of regulating. Further, the GAO found that at least 18 current and former Fed board members were affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis. In other words, the people “regulating” the banks were the exact same people who were being “regulated.” Talk about the fox guarding the henhouse!
The emergency response from the Fed appears to have created two systems of government in America: one for Wall Street, and another for everyone else. While the rich and powerful were “too big to fail” and were given an endless supply of cheap credit, ordinary Americans, by the tens of millions, were allowed to fail. They lost their homes. They lost their jobs. They lost their life savings. And, they lost their hope for the future. This is not what American democracy is supposed to look like. It is time for change at the Fed – real change.
Among the GAO’s key findings is that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the GAO, the Fed actually provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.
by Daily Bail | October 25, 2011
WASHINGTON, Oct. 19 – A new audit of the Federal Reserve released today detailed widespread conflicts of interest involving directors of its regional banks.
“The most powerful entity in the United States is riddled with conflicts of interest,” Sen. Bernie Sanders (I-Vt.) said after reviewing the Government Accountability Office report. The study required by a Sanders Amendment to last year’s Wall Street reform law examined Fed practices never before subjected to such independent, expert scrutiny.
The GAO detailed instance after instance of top executives of corporations and financial institutions using their influence as Federal Reserve directors to financially benefit their firms, and, in at least one instance, themselves. “Clearly it is unacceptable for so few people to wield so much unchecked power,” Sanders said. “Not only do they run the banks, they run the institutions that regulate the banks.”
Sanders said he will work with leading economists to develop legislation to restructure the Fed and bar the banking industry from picking Fed directors. ”This is exactly the kind of outrageous behavior by the big banks and Wall Street that is infuriating so many Americans,” Sanders said.
Read entire article on Daily Bail
- Major Conflicts of Interest Found at the Federal Reserve by Dennis Kucinich (dandelionsalad.wordpress.com)