Caught between a Rock and a Hard Place of their Own Making.

This is where the U.S. government sits tonight. Whichever way Congress moves on the bail-out or as the spinmeisters are now labeling it ...the rescue package ... the fools on capitol hill will be facing their constituents in a no-win situation.

If they adopt the bail-out package, Congress will be accused of bailing out the Wall street psychopaths and sociopaths while sticking the American public with yet another Ponzi-scheme from the bankers.

If they don't adopt the plan and the credit markets freeze, sending the U.S. economy down the tubes, they will be blamed for that as well.

The fact of the matter is that Congress deserves its ultimate destiny. These pompous, self-serving, do-nothing, fat-cats sat on their collective butts and allowed this financial mess to happen. All of this mess could have been so easily avoided if THEY HAD DONE THEIR JOBS. If they had actually cared one iota about the American public whom they were elected to serve and not destroy!

Even the slightest amount of regulation and oversight could have prevented all of this. But no, the cowboys on the Hill completely and effectively deregulated Wall street allowing all of the corporate gypsies, tramps and thieves to excess America to death.

Tonight the Congress, Bush, Bernanke, Paulson, et al; continue their charades and theatrics. On the one hand Bush, Bernanke and Paulson are stating that a financial Armageddon will happen if the bail-out isn't approved.

On the other hand Congress appears to be balking. They claim that they need more time to deliberate the the implications and ponder alternative plans and modify the current proposal to make it more palatable to voters.

Forget about making your "solutions" more palatable to American's!!!!

Grow a back-bone and do what's right!!!! Quit rolling-over like little puppies every time some financial scum-bag or lobbyist offers you a bone!

If American's are left "holding the bag" for a mess which they didn't create, then every incumbant in Washington should be fired (voted out of office) because they did not do their job and as a result placed every single American in harms way.

Obama and McCain are right. Washington does need a change ... and that change should begin by giving every single politician their walking papers.

Cha Ching in Congress!

• According to FedSpending.org 151 current members of Congress invested between $78.7 million and $195.5 million in companies that received defense contracts of at least $5million in 2006.
• The defense contractors received more than $275.6 billion in government contracts. That works out to $755 million dollars per day.
• The return for Congressional investors yielded them between $15.8 million and $62 million in income from 2004 through 2006 through dividends, capital gains, royalties and interest.
• Members of the Senate Foreign Relations and Armed Services committees had between $32million and $44 million invested in companies with DOD contracts.
• The average share price of these corporations today is nearly twice what it was in 2004.

John McCain suggests that the Iraqi war could last another 10 years. Oh my ... belly-up to the trough boys!

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 10: Some Fed Facts!

• In 1992 taxpayers paid the Fed banking system $296 billion in interest on money which the Fed created out of "thin air" with no hard assets such as gold, silver or other precious metals to back it up. Nice scam!
• 54% of personal federal income taxes goes to pay this interest. 54% less money to directly benefit American citizens.
• The Fed's books are not open to the public. Why not?
• Congress and the IRS do not have access to the financial records of the Fed. Why does the IRS have the right to know everything about you?
• Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years he introduced legislation to repeal the Federal Reserve Banking Act of 1913. The Act still stands today. Why???
• Congressman Henry Gonzales introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. It's always defeated. Why????
• The Fed is illegal as per Article 1, Section 8 of the United States Constitution. Why does Congress refuse to acknowledge that fact?
• The 16th Ammendment, giving Congress the right to tax you to death, was also enacted in 1913 within months of the Fed's inception. Yet not a single solitary state has ever legally ratified the 16th Ammendment. So just how legal is personal income tax?
• The profit of the Fed is not taxed. So why are you taxed?
• Section 7 of the Federal Reserve Act, passed December 23, 1913 states that much of the profit of the Fed must flow back into the U.S. Treasury. Remember my post on the Unholy 7 meeting at Jekyll Island where some members were upset that too much power was being given to the government and Paul Warburg said; Fuggedahboudit ... lets get the Fed Act passed first and then we'll fix it later to our own liking? Well they did!! In 1959 new legislation was passed to allow the Fed to divert profits to private commercial banks substantially cutting profit flowing to the Treasury. Why did Congress allow this legislation to pass? How many government officials became rich on that two-step?
• The Federal Reserve Banks work on a 10% reserve requirement. For example;
• (1) Let's say the Fed creates $1,000,000 in "Fiat Money" (currency that has no assets whatsover to back it up), except the blessing of Congress, and distributes it to banks.
• (2) The bank "holds" 10% ($1000,000) in reserve as operating capital and then loans the rest out, lets say for the purposes of easy math, at a 10% interest rate.
• (3) The bank then earns $90,000 in interest payments and now also has the $900,000 which it originally loaned. Remember that you are paying interest on money that was created out of thin air, with no hard asset backing, and at absolutely no cost to the Fed except for the paper and ink.
• (4) The bank now deposits the $900,000, retains 10% ($90,000) as operating capital and loans $810,000 at 10% interest.
• (5) After just 2 cycles the bank has $190,000 in operating reserves and has earned $171,000 in interest on money that was created out of thin air. Even David Copperfield would be unable to do this.
• Inflation used to be about 1% every 10 years before there was a Federal Reserve System. After the creation of the Fed in 1913 inflation has skyrocketed to 1,779%
• The Congress will not allow an individual citizen to do what it allows the Fed to do. That is to create illegal U.S. money out of thin air, force people to use it, and pay interest to the Federal Reserve by charging you income tax.
• In 1992 Americans paid $296 billion in interest on government debt which is owned by the Fed.
• In 2006 Americans paid over $352 billion in interest on government debt which is owned by the Fed.
• How many trillions of dollars in total have Americans paid in interest on government debt to the Fed just between the years of 1992 to 2006 alone? How about between the years 1913 and 2008? Now that's heavy duty inflation ... a 1,779% increase in inflation over the 95 years between 1913 and 2008 now seems quite logical.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 8: Who Owns the FED?

Article 1, Section 8 of the Constitution of the United States of America states that Congress shall have the power to coin (create) money and regulate the value thereof.

In 1935 the Supreme Court ruled that Congress cannot constitutionally delegate its power to another group. Yet they did ... in direct defiance of the Supreme Court and the Constitution. I ask once again, why the Congressmen who voted to give the power to create money to the Fed, weren't made "the bitches" of the general population in Leavenworth? There is an answer which we will provide in one of our forthcoming episodes.

Now, who is that other group? Who actually owns the Fed? Do any of these folks ring your bell?

• Rothschild Bank of London
• Warburg Bank of Hamburg
• Rothschild Bank of Berlin
• Lehman Brothers of New York
• Lazard Brothers of Paris
• Kuhn Loeb Bank of New York
• Israel Moses Seif Banks of Italy
• Goldman Sachs of New York
• Warburg Bank of Amsterdam
• Chase Manhatten Bank of New York

The individuals listed below owned banks which in turn owned shares in the Fed. The banks listed below have significant control over the New York Fed District, which controls the 11 other Fed Districts. These banks are also partly foreign owned.

• First National Bank of New York - James Stillman
• National City Bank, New York - Mary W. Hamman
• National Bank of commerce, New York - A.D. Jiullard
• Hanover National Bank, New York - Jacob Schiff
• Chase National Bank, New York - Thomas F. Ryan, Paul Warburg, William Rockefeller, Levi P. Morton, M.T. Pyne, George F. Baker, Percy Pyne, Mrs. G.F. St. George, J.W. Sterling, Katherine St. George, H.P. Davison, J.P. Morgan (Equitible Life/Mutual Life), Edith Brevour, T. Baker

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 7: How the Fed Works - the Fed Controls the Government and
Not the other way around!

"Allow me to control the issue and the nation's money and I care not who makes its laws."
Amshell Rothschild


The Federal Reserve Bank is a private corporation. Black's Law Dictionary defines the Federal Reserve System as:

"Network of 12 banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves."

In the case of Lewis v United States, Federal Reporter, 2nd Series, Vol 680, Pages 1239, 1241 (1982) the court said:

"Each Federal Reserve Bank is a seperate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each bank's nine member board of directors."

In Black's Law Dictionary we find that these privately owned banks actually issue money.

"Federal Reserve Act Law which created Federal Reserve Banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks."

The privately owned Fed actually creates and issues the "money" we use. In 1964, the House Committee on Banking and Currency, subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains this description of what the Fed is:

"The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 dollar bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them."

Article 1, Section 8 of the Constitution states that only Congress shall have the power to coin (create) money and regulate the value thereof.

Today however it's the Fed, a privately owned company, which creates and profits by printing money through the Treasury and regulates its value.

Clearly it was Congress on December 22. 1913 who illegally gave the Fed the right to print money through the Treasury ... it was President Wilson who signed it into law on the following day, clearly and directly violating Article 1, Section 8 of the United States Constitution.

Why were the members of Congress supporting this law not charged with treason? Why was President Wilson not impeached and also charged with treason? Why are all members of government from 1913 untill today who have not worked to repeal this law not charged with treason? Is it not their sworn duty to uphold the Constitution of the United States?

The Fed creates money "out of thin air" whenever it benefits them and loans it back to us the people through banks and charges interest on our own money!

The Fed also buys government debt with money they themselves have printed and charges government interest. This money is repaid to the Fed through the government charging us income tax. IS THIS NOT FRAUD?

On June 10, 1930 Louis T. McFadden (R.Pa.), former President of the First National Bank in Canton Ohio, and for 12 years the Chairman of the House Banking Committee described the Fed in the Congressional Record, House Pages 1295 and 1296 as follows:

"Mr. Chairman, we have in this country one of the most corrupt organizations the world has ever known. I refer to the Federal Reserve Banks. The Federal Reserve has cheated the Government of the United States and the people of the United States out of enough money to pay the entire national debt."

Rep. McFadden went on to say, "Every effort has been made by the federal Reserve to conceal its power but the truth is the Federal Reserve has USURPED THE GOVERNMENT OF THE UNITED STATES! IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL!

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 6: The Plan, Part 2

Step 2 of the Plan was to sell the concept to the American public.

The first draft of the Federal Reserve Act, when presented to Congress, was sponsored by Nelson Aldrich and was called the Aldrich Bill.

Paul Warburg had cautioned Aldrich not to sponsor the bill because Warburg felt that Aldrich was too closely identified with big business and that Congress would vote the bill down. Warburg was right. The bill in its presented form died on the floor.

The Unholy 7 took the bill back, moved some of the paragraphs around, and removed Aldrich's name. They found two Democrats, Carter Glass in the House and Senator Robert Owen, himself a banker, to sponsor what would be called the Glass-Owen bill.

Aldrich and Vanderlip then began to give speeches and interviews to newspaper reporters condemning the bill as "ruinous to banking and terrible for the country." By the time the average guy on the street read Aldrich and Vanderlip's comments, the thinking amongst America became, that the Glass-Owen bill must be a good thing because the big bankers were opposed to it. Another brilliant strategy!

Meanwhile back at the ranch, the Unholy 7 were digging ever deeper into their bag of deceptive tricks. They began paying the costs of creating "grassroots study clubs" across the country. They sponsored these clubs, held public meetings and printed brochures and pamphlets extoling the virtues of the Federal Reserve System.

They gave large sums of money to some of the more prestigious universities in America to create new departments of economics. They hand picked their own people to be professors to head up these departments, who then in turn, gave speeches and wrote essays promoting the wisdom and benefits of the Fed.

Paul Warburg then further toned-down the Glass-Owen bill because he felt that the new legislation had to be palatable to as many people in government as possible. In his opinion this was the crucial time during which the boat of common sense could not be rocked.

The other members of his group were upset because they felt that Warburg's toned down legislation was giving up too much of the power and control which the bankers were seeking. Warburg's rationale was elegantly simple. The main objective was not to try to get everything which they had wanted coming straight out of the gate for that would not be possible. Rather it was Warburg's strategy to get the bill passed into law first, then "fix it up later to their liking."

Since the Federal Reserve Act has been passed it has been ammended over 100 times with each amendment greatly expanding the power and reach of the Fed.

The last hold-out against the bill was William Jennings Bryan, the head of the Populist Movement, who was deeply concerned that the bill would ruin the nations money supply. But when he saw Paul Warburg's watered-down version of the bill, Bryan supported the bill never dreaming that once the bill was passed it would be continuously amended.

The Unholy 7 were masters at their game. They understood people, politics and mass psychology. And they played each card perfectly.

Popular support was finally gained for the bill and on December 22, 1913 the bill was passed by Congress and the following day was signed into law by President Wilson.

The Federal Reserve had won the battle and America was now its prize!

Next - Episode 7: How the Fed Works.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 4: What Exactly is the Federal Reserve?

Some people still think that the Federal Reserve is a U.S. government institution. Nothing could be further from the truth. The Federal Reserve System is not a Government institution, department or agency!!

• It is a system of 12 privately-owned "federal" banks who have been granted their power by the United States government to create money, then loan that money back to the government charging interest.
• the government then charges you income tax to pay the interest on the debt.
• The Federal Reserve Act was passed in 1913.
• The Sixteenth Ammendment, which gave Congress the power to collect income taxes was also passed in 1913.
• The Fed is politically independent and the federal government does NOT HAVE DIRECT OVERSIGHT over what the Fed does.
• From its founding to this present day, the Fed has NEVER undergone a complete INDEPENDENT AUDIT. Congress has from time to time requested that the FED voluntarily submit to a complete audit, and EVERYTIME IT REFUSES.
• The Fed Chairman can say anything he wants to Congress and Congress has to accept what he says, because verification is not always possible because the Fed keeps certain records secret.
• Although the Fed is PRIVATELY OWNED it DOES NOT PAY a single solitary penny in business or property TAXES.

Next...Episode 5: The Plan

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 3: I Don't Believe that it Happened!

It took 9 days for the 7 men to hammer out all of the important details of what would eventually become the Federal Reserve.

For a number of years after the meeting all 7 denied that the meeting ever took place. It was only after the Fed was firmly established that they began openly talking about it.

For those who are still of the opinion that Jekyll Island never happened, several books have been written by some of the participants detailing what they had accomplished. Visit your local library and check them out.

Frank Vanderlip, one of the "unmagnificent 7", wrote an article which appeared in the February 9, 1935 edition of the Saturday Evening Post. Here is a brief excerpt.

" I do not feel it is an exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System. We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the railroad terminal on the New Jersey littoral of the Hudson where Senator Aldrich's private car would be in readiness attached to the rear-end of a train to the south. Once aboard the private car we began to observe the taboo that had been fixed on last names. We addressed one another as Ben, Paul, and Abe. Davison and I adopted even deeper disguises abandoning our first names. On the theory that we were always right, he became Wilbur and I became Orville after those two aviation pioneers the Wright brothers. The servants and train crew may have known the identities of one or two of us, but they did not know all and it was the names of all printed together that would've made our mysterious journey significant in Washington, Wall Street, even in London. Discovery we knew simply must not happen."

"If it were to be exposed publicly that our particular group had gotten together and written a banking bill, that bill would have no chance whatever of passage by Congress."

Next - Episode 4: What exactly is the Federal Reserve?

Some Questions about the No-Fly List.

(1) According to several reports the no-fly list now contains 80,000 names. How many KNOWN terrorists are there in the world? I would venture to say that the U.S. intelligence community would have a hard time coming up with 80,000 of them.

(2) People on the list cannot find out why they are on the list. There is no recourse and no procedure for correcting mistakes. Why?

(3) Who decides whether you're put on the list? What oversight does Congress or the judiciary exercise over the list to ensure the validity of someone being placed on the list?

(4) If a KNOWN terrorist were to show up at check-in, would he/she be told that they could not fly because they were on the no-fly list ... or would they be arrested on the spot? So then, could someone please explain to me the purpose of this list.

(5) Heaven forbid, but should a terrorist detonate a car bomb on U.S. soil, would the government institute a "No-Drive" list?

Just wondering.

It's Time that the Religious Right had the Guts to Get It Right !

Our Congresses for the past 94 years, starting with the passage of the Federal Reserve Act and the Income Tax Act of 1913, have been nothing less than an absolute, total disgrace.

They have sold us into tax slavery, they have allowed the Fed to devalue our currency through inflation and to blatantly and incessantly cause panics, recessions and depressions as they rip off the US public over and over again, ad nauseam, they have shredded our Constitution in every way possible every chance they get, they have either authorized or condoned the slaughter of our children in an almost continuous series of wars under an ongoing policy of perpetuel war for perpetual peace and perpetual profits in order to line the pockets of trillionaire pigs who never have enough, they have stifled the moral outcry of our pulpits using the Income Tax to threaten their tax-exempt status if they speak out, and now they threaten to launch us into World War III over an issue that should have been settled 90 years ago.

We would have been better off with a dictatorship! Don't laugh, because that is where we are headed!

The leaders of the religious right need to pull their heads out of their butts and stop endorsing candidates because they might be pro-life and anti-gay marriage.

Their myopic and incredibly naive view of our world is something the Lord will hold them accountable for, because like the Pharisees, they have failed to discern the nature and the signs of our times or to distinguish between truth and lies.

They have foolishly allowed a pack of revening wolves wearing sheep's clothing to manipulate them by showering them with a plethora of contrived and worthless platitudes and by approving token actions on moral issues, actions that are taken solely for political reasons and not because of any underlying moral conviction.

They can't even get our s0-called Christian President to sign an executive order that would allow our military chaplains to pray in the name of Jesus without incurring the wrath of their superior officers. Why then does this executive order even need a debate and/or a petition of concerned citizens to get our "beloved", so-called Christian Commander-in-Chief to put it on his agenda?

Our narrow-minded Christian right talks about pro-life and anti-gay marriage platforms as if these were the only issues that mattered. What about honesty and integrity?

• What about outright lies to Congress to get them to approve a war for profit?
• What about traitorous false flag attacks on the World Trade Center and the Pentagon, the murder of several thousand of our citizens and the baseless and continuing orchestration of a phony war on terror?
• What about the slaughter of millions of Iraqi civilians and thousands of our soldiers and contractors to facilitate a grab for oil fields by an evil group of satanic trillionaires?
• Is it pro-life to kill that many civilians for the profit of some of the most evil men that have ever walked the face of the earth, men whose lusts and perversity would make the residents of Sodom and Gomorrah blush?
• What about the financial scandals, one-bid contracts, obstructed investigations into every manner of graft and corruption and the politicizing of our justice system?
• What about the blatant invasions of our privacy and illegal wiretaps and data-mining of Internet and telephone service records?
• What about a chief executive who thinks he is above the law, who has made the appendage of signing statements to the laws he signs into a form of art?
• What about blowing the cover of one of our CIA agents because her husband dared to speak the truth about some phoney weapons of mass destruction?
• What about the numerous homosexual pedophiles, child pornographers and sadomasochistic perverts who grace the halls of Congress and the White House, many of whom have been caught in the act of soliciting minors and Congressional pages for sex? Do you think they are anti-gay marriage advocates?
• What about the male homosexual prostitute who has spent many nights at the White House?
• What about the torture and the extraordinary renditions of innocent people and the suspension of their rights to habeas corpus, and the humiliation of prisoners, all authorized by the drooling perverts in our current shameless Administration?
• What about the off-shoring and outsourcing of our jobs, the looting of our pensions, the destruction of our middle class, our economy and our currency, which will no longer be the reserve currency of the world thanks to the profligate policies of the current Administration?
• What about the incessant and blatant lies about economic statistics and the illegal 24/7 manipulation of all our financial markets?
• What about the failure to enforce our borders and our immigration laws so big business can have a ready source of slave labor?
• What about the secret destruction of our sovereignty with a clandestine North American Union (with Canada and Mexico) which the current Administration is trying to sneak past us by stealth?
• What about the War in Afghanistan to take over their opium poppy fields so the CIA can continue to fund their black operations, which are aimed at destrying our sovereignty?
• What about all the laws which have just been passed which give our President dictatorial powers over our military and over our state militias if martial law is declared, or which allow our President to declare that people who protest against our government's actions are enemy combatants and are no longer entitled to the protections provided by our Constitution?
• What about allowing evolution to be taught to the exclusion of God's creation? Have they ever done anything at all about this issue?
• Have they done anything about banning abortion completely by overturning Roe vs. Wade? Have they supported any states that have tried to do either of these things?
• Did they fight hard enough to get federal judge appointees of the President confirmed, or did they just make the appointments to make you happy and then not follow-up?
• Do you think we should stop with a ban against partial birth abortion?
• Have they passed any laws, which in any way discourage gay marriage or civil unions or have they supported any states that have tried to do this?

And finally ............ what do you think about a President who thinks that followers of Mohammed, who use the Koran, worship the same God as Christians and Jews, who use the Bible? Wow, the depth of his Christian understanding is nothing less than profound!

The above is an excerpt from an article written by Bob Chapman who is the Publisher of The International Forecaster newsletter (www.theinternationalforecaster.com) a compendium of information on business, finance, economics, social and political isues and espionage/intelligence gathering. Mr. Chapman has also served in the U.S. intelligence community.

This article gave me pause to think. I hope that it will do the same for you.