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Barney Frank Demands Bernanke Probe Fed Involvement In Watergate Scandal And Iraq Arms Sales Following Ron Paul Questioning

Tyler Durden's picture




 

A week ago Ron Paul asked Ben Bernanke a series of questions, which the Chairman and pundits immediately dismissed as "bizarre" and an indication that the potential presidential candidate has finally lost it (among these was a very nuanced question whether or not the Fed is buying sovereign debt, something which Bernanke disclosed in 2002 is a distinct possibility and an action the Fed is permitted to do). Chief among these were queries arising from the work of U of T professor Robert Auerbach, and specifically his book "Deception and Abuse at the
Fed
" (not available on Kindle), which seek information on whether the Fed was involved in the Watergate scandal and, subsequently, in Iraqi weapons purchases. 

Well, Paul may not be as kooky as people are trying to make him out to be. None other than "consumer protection advocate" Barney Frank has demanded that Bernanke do a full probe based on these allegations.

Bloomberg reports:

Representative Ron Paul asked questions about
“inappropriate political interference” and “hidden transfers
of resources” during a Feb. 24 hearing with Bernanke, and the
allegations “must be fully investigated,” Frank said in a
letter today to Bernanke and obtained by Bloomberg News.

Frank, 69, said the Fed must address the charges because
“continued concern about political interference” with the Fed
and “allegations about a lack of transparency.” Bernanke and
other Fed officials are trying to fend off a measure offered by
Paul, which passed the House in December, that would open the
Fed to audits of interest-rate decisions.

“These specific allegations you’ve made I think are
absolutely bizarre, and I have absolutely no knowledge of
anything remotely like what you just described,” Bernanke told
Paul, a Texas Republican who wrote the 2009 book “End the
Fed,” during last week’s hearing.

Some more on Professor Auerbach's background, which lends substantial credibility to his allegations:

Auerbach worked for Henry Gonzalez, a former chairman of
the House committee who died in 2000 and investigated the sale
of U.S. arms to Iraq in the 1980s, before the Gulf War. Gonzalez
said the Fed and other agencies initially tried to block his
probe, according to a 1992 New York Times article.

Fed bank examiners in Atlanta failed to note $5.5 billion
being funneled to Iraq from a local branch of an Italian bank,
Auerbach, a critic of the central bank and former congressional
economist, said in his book.

“The Federal Reserve’s ability to manage monetary policy
in an effective manner depends, in large part, on its reputation
for independence and integrity,” Frank, a Massachusetts
Democrat, said in the letter. “A complete investigation of
these charges is necessary to maintain both.”

We can't wait just how deep this particular rabbit hole ends up going, although we will be extremely shocked if the Fed ends up finding absolutely nothing implicating it in any new illegal (and treasonous) activity. Luckily, the Fed is perfectly transparent, so the general population can do a parallel query on its own. Oh wait...

 

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Wed, 03/03/2010 - 20:20 | 253055 Shameful
Shameful's picture

Can't wait for Uncle Ben to tell them to shove it. Of course he won't come out and say it publicly, but sure that a little pressure can be applied. It's not like they want the Fed's dirty laundry aired, so I expect to see a "You wouldn't want a bond auction to fail would you?" to get dropped.

Wed, 03/03/2010 - 20:45 | 253097 Bob
Bob's picture

Jeez, that makes it sound like the two bodies are not "Independent."

It's a good thing that guys like Franks are willing to bend over for Wall Street and take it deep in the name of the taxpayers while he does a "reach around" for the Fed. 

Wait a minute: The Fed is Wall Street, isn't it?

Wed, 03/03/2010 - 21:27 | 253141 Anonymous
Anonymous's picture

From The Milwaukee Sentinel in 1982

[Police who searched the room the Watergate burglars used found $4,200 in $100 dollar bills, all numbered in sequence. Proxmire asked the Federal Reserve Board where the money came from. As he explained in a letter to the late Rep. Wright Patman (D-Tex.), chairman of the House Banking Committee: “I got the biggest run-around in years. They ducked, misled, lied, and gave me the idiot treatment.”]

http://news.google.com/newspapers?nid=1368&dat=19820616&id=6dUVAAAAIBAJ&...

From the NYT in 2004

[It has been exactly one month since President Bush announced the capture of Saddam Hussein. American officials interrogating Mr. Hussein are obviously interested in what he knows about illegal weapons programs in Iraq, human rights violations and other crimes. Whether he will cooperate remains to be seen.

But there is another line of questioning officials might pursue -- one that depends less on the cooperation of Mr. Hussein than on the assistance of the United States Federal Reserve Bank. Among Mr. Hussein's possessions when he was captured was three-quarters of a million dollars in United States currency in crisp new bills. Whence came the gentleman's stash?]

http://www.nytimes.com/2004/01/14/opinion/follow-the-money.html?pagewant...

Thu, 03/04/2010 - 03:25 | 253375 Altan311
Altan311's picture

BUh Buh Buh Buh BOOOOOYAHHHHH! No seriously, nice links. Now maybe we can scare off the trolls.

Wed, 03/03/2010 - 20:20 | 253056 knukles
knukles's picture

Quick men!  A distraction!  Make it look as if we're guardians of the Treasury, Savior of the taxpayer, defender if the Republic!  We're under attack!  Need a feint elsewhere!  Never mind it's old news!  They don't remember!  What they do remember is we're up for Re-Election!  
Save America!  Round up any suspects you can find!   Combine Wall Street and the Fed.  Juicy meat!  They'll feast for days! 

 

'Bout time it happens whatever the motivation.                        

Thu, 03/04/2010 - 00:40 | 253306 Problem Is
Problem Is's picture

"Quick men!  A distraction!"

I've Got It! Attack the Falklands!

Oh wait... Gordon "Sell the Gold LOW, Bitches" Brown is already using that one...

Wed, 03/03/2010 - 20:23 | 253059 lawton
lawton's picture

I love Ron Paul....

Wed, 03/03/2010 - 20:43 | 253095 Enkidu
Enkidu's picture

+++

Wed, 03/03/2010 - 21:13 | 253126 Harbourcity
Harbourcity's picture

A+!

 

Thu, 03/04/2010 - 00:29 | 253294 illyia
illyia's picture

AAA+++

Wed, 03/03/2010 - 20:23 | 253061 Waterfallsparkles
Waterfallsparkles's picture

Was the FED responsible for the Nixon Resignation?  Was the FED responsible for the War with Iraq?

Yes a lot of questions to be answered.

Thu, 03/04/2010 - 03:14 | 253370 Anonymous
Anonymous's picture

The Fed always makes money in war, that's why the US got into WW1 and WW2 and Vietnam. Inflate, inflate, inflate

Thu, 03/04/2010 - 03:17 | 253373 Anonymous
Anonymous's picture

The Fed always makes money in war, that's why the US got into WW1 and WW2 and Vietnam. Inflate, inflate, inflate

Wed, 03/03/2010 - 20:30 | 253076 deadhead
deadhead's picture

I hope this doesn't interfere with the ongoing Fed purchases of Cali and Illinois bonds.....

oops, was I not supposed to say anything about that lol!!

On another note, I see that the mantra of "we are not going to monetize debt" is out there again.  Can someone please explain to this feeble old guy just what the fuck you call all those purchases (allegedly $300 billion) of Treasuries by the Fed in QE v. 1.0 was?

Wed, 03/03/2010 - 20:35 | 253087 Shameful
Shameful's picture

Here is a question. We know he's doing it. I have to imagine our foreign creditors know he's doing it. Some members of must know that he is doing it. So what happens when J6P finds out he is monetizing. Sure there will be currency problems but you think he is worried about all this lying under oath? When it pops what will happen to Uncle Ben and company? Will the political class try to throw them under the bus or will they join ranks and claim it was not done even with the evidence exposed?

Wed, 03/03/2010 - 20:54 | 253108 Bob
Bob's picture

The latter, I'm sure.  One of the paradoxical wonders of the information age is that The News changes to something "new" pretty often.  As often as they need it to for "old" things to become irrelevant to The News. 

Wed, 03/03/2010 - 21:04 | 253115 Joe Sixpack
Joe Sixpack's picture

"So what happens when J6P finds out he is monetizing..."

 

Let's see, amongst other things, I started these websites:

 

www.DerivativesCollapse.com (formerly www.siv0.com)

www.FinancialBlackmail.com

www.RevokeTheFed.com

www.JoeSixPack.me

 

Thu, 03/04/2010 - 02:55 | 253361 Al Gorerhythm
Al Gorerhythm's picture

J6P has been educated into believing that the govt is the font of all wealth. WTH would he know? Wouldn't know his ass from his elbow,,,,,,, yet.

Wed, 03/03/2010 - 21:19 | 253133 Anonymous
Anonymous's picture

I am entirely an amateur here, but here's my explanation of the difference between QE and monetizing. The Fed has been conducted quantitative easing by purchasing U.S. issued debt to facilitate government spending. Please note, this is real debt, covered by the full faith and cridit of the country. In pure monetizing, the Fed would simply print the money needed to pay U.S. debts. The first approach suggests that at some point in the future the debt would be repaid so there would be little pressure on bucky (not zero, but modest). In the latter, the currency is being debased and fear of further bebasement could create a deflation fueled by the expectation of further debasement. Thus, QE is much less adverse than monetizing.

Wed, 03/03/2010 - 21:37 | 253148 Shameful
Shameful's picture

So the Fed is buying Gov paper.  How is this different then the Wiemar republic?  The difference here is it's done with electrons and not cash.  The Gov is still spending this money on foreign wars and bailouts it's not like it's sitting in vault somewhere.  And we all know this debt is not being paid off.  Not without monetizing to the moon.

Thu, 03/04/2010 - 04:05 | 253385 moneymutt
moneymutt's picture

read up on weimar republic, a lot more going on than just too much currency printing...banks and foreigners shorting currency had lots to do with it to...this all before Forex and Soros and such...not that countries don't often find hyperinflation the lessor of two evils (the other being debt peonage/austerity for decades) when faced with insurmountable foreign debts...but I think we have been purposely confused on monetary history...FED monetizing debt could possibly not be a bad thing if managed properly, we pay interest to FED, they pay said interest it back to treasury and when FED monetizes debt, for once, they don't get to keep debt they create, rather debt is Federal Govt spending instead... so our Fed govt gets money cheaper than we would from selling Tbills, borrowing from foreigners, however, of course, we can't manage FED properly because it is a super secret private banking cartel...but still much of the (little) monetary history we get is way too simplistic, it is studying and taught by economists like Ben, how right can it be.

Thu, 03/04/2010 - 00:41 | 253307 Anonymous
Anonymous's picture

it is exactly the same

Thu, 03/04/2010 - 00:35 | 253297 Howard_Beale
Howard_Beale's picture

It really is shameful, given the excellent work of Chris Martenson matching the CUSIPs last August. Now perhaps the reverse Alzheimers Greenspan seems to be undergoing is for Fed Chairmen only--so for Alan to get a clue after decades of brain damage--it transferred straight to Ben.

Just a theory.

Wed, 03/03/2010 - 20:34 | 253084 glenlloyd
glenlloyd's picture

Barney is just trying to endear himself to the public now that he's on the outs. That's the only reason why he would come out pushing on this topic.

Wed, 03/03/2010 - 20:34 | 253085 E pluribus unum
E pluribus unum's picture

Bernanke's response to Paul was condescending and totally disrespectful to a member of Congress regardless of political party. Those "bizzarre" men and woman were sent to DC to represent "we, the people".

Wed, 03/03/2010 - 22:44 | 253210 Anonymous
Anonymous's picture

This is not the first time Bernanke has been disrespectful to Mr. Paul. Bernanke gets away with it because he can. I can't wait till some other congressmen and congresswomen spine-up and take their oath of office seriously like Mr. Paul does.

Wed, 03/03/2010 - 20:36 | 253088 faustian bargain
faustian bargain's picture

Is this some choreographed contrivance? I don't understand what favorable outcome Barney Frank expects to get out of this for himself, unless it's just to add some populist image. He has no interest in the Fed telling any kind of truth...as far as I know, he's totally opposed to Paul's 'Audit the Fed' strategy.

Wed, 03/03/2010 - 21:01 | 253114 Anonymous
Anonymous's picture

It might be more like he's being ass-raped and it hurts...

Suddenly he realizes, "Stop!" "Stop!" he shouts... but that's not how it works.

Rats sinking with the ship are turning on each other...

Wed, 03/03/2010 - 21:11 | 253125 perchprism
perchprism's picture

 

He's doing it because it can only embarrass Republicans if any teensy bit of it proves out.

Wed, 03/03/2010 - 21:51 | 253163 faustian bargain
faustian bargain's picture

Perhaps, but if it does go anywhere, I think it would turn into a Pandora's box of investigations. Either Barney is playing with fire, or he knows it's not going anywhere.

Wed, 03/03/2010 - 21:56 | 253170 Mr Creosote
Mr Creosote's picture

Barney's flinging whatever he can find in hopes that something sticks to boost his approval ratings which are lowest of any Congressman in MA.  Fear of having to reopen his escort service to make ends meet may be taking its toll.

Wed, 03/03/2010 - 20:38 | 253090 gunsmoke011
gunsmoke011's picture

WOW -- just think - by maybe 2050 they will get around to looking into the FEDs role in market manipulation that is going on as we speak. Nothing like a timely investigation.

Wed, 03/03/2010 - 20:45 | 253096 truont
truont's picture

Ron Paul is crazy allright...crazy like a fox!

Wed, 03/03/2010 - 20:45 | 253098 system failure
system failure's picture

Yes we know of QE 1.0, special thanks to transparency. Just how many other non-transparent book items are lurking and are non-existant that raises great concerns? A tidbit here and a tidbit there keep leaking out as the recovery (cough, cough) keeps getting set back by a snow job. Eventaully, the lies are going to be unbearable to cover up. Money printing will do that to those who have no other means. Just tell us the truth and quit sugar coating it. What are you afraid of...pitch forks and guns?

Wed, 03/03/2010 - 20:50 | 253102 Anonymous
Anonymous's picture

Barney's just trying to distract attention from his pet gerbils, Fannie and Freddie. They've been scurrying around for years doing some unsavory things and now they're threatening to suck the government's balance sheet into a black hole.

Wed, 03/03/2010 - 20:52 | 253106 Anonymous
Anonymous's picture

n Deception and Abuse at the Fed, Robert Auerbach, a former banking committee investigator, reveals major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including:

* Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring-for 17 years-it had no transcripts of its meetings;
* Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation;
* Allowing $5.5 billion to be sent to Saddam Hussein from a small Atlanta branch of a foreign bank-the result of faulty bank examination practices by the Fed;
* Stonewalling Congressional investigations and misleading the Washington Post about the $6,300 found on the Watergate burglars.

Auerbach provides documentation of these and other serious abuses at the Fed, that confirms Rep. Gonzalez's belief that no government agency should be allowed to operate with the secrecy and independence in which the Federal Reserve has shrouded itself. Auerbach concludes with recommendations for specific, broad-ranging reforms that will make the Fed accountable to the government and the people of the United States.

Robert Auerbach was an economist with the House banking committee during the tenure of four Federal Reserve Chairmen: Arthur Burns, William Miller, Paul Volcker, and Alan Greenspan. Auerbach also served as an economist in the U.S. Treasury's Office of Domestic Monetary Affairs during the first year of the Ronald Reagan administration and as a financial economist with the U.S. Federal Reserve System. Auerbach has been a professor of economics at the American University in Washington, D.C. (1976-83), and a professor of economics and finance at the University of California-Riverside (1983-93). He has written numerous articles, and two textbooks in banking and financial markets. He received two Masters degrees in economics, one from the University of Chicago and one from Roosevelt University, where he studied under Abba Lerner, and a Ph.D. in economics from the University of Chicago, where he studied under Milton Friedman.

http://www.utexas.edu/lbj/faculty/robert-auerbach/

Wed, 03/03/2010 - 20:53 | 253107 Hulk
Hulk's picture

"Franks demand that Bernanke probe fed involvement"

The fed probe itself? What a crock of shit.
Just a stalling technique that they know will
take years and find nothing.
I have personally been involved in these federal internal audits and they are a joke.
If Frank and Congress were serious about any
type of Fed audit, they would hire an external
audit firm to do so. Ain't going to happen
We need to get rid of all Federal internal audit departments, they find nothing and solve
nothing....

Wed, 03/03/2010 - 22:17 | 253189 Anonymous
Anonymous's picture

Could it be that Frank just gets a kick out of insisting that other old men "probe" themselves?

Wed, 03/03/2010 - 23:16 | 253229 MsCreant
MsCreant's picture

Frank demands Bernanke probe....hmmm.

Thu, 03/04/2010 - 00:37 | 253300 Howard_Beale
Howard_Beale's picture

You have a filthy mind and I like it.

Thu, 03/04/2010 - 03:22 | 253374 faustian bargain
faustian bargain's picture

methinks the Durden may have done that intentionally... :-]

Wed, 03/03/2010 - 20:55 | 253110 Anonymous
Anonymous's picture

as a caution, don't forget about Pierre Salinger

http://www.cnn.com/2006/US/07/12/twa.conspiracy/index.html

Wed, 03/03/2010 - 21:48 | 253159 35Pete
35Pete's picture

Good point. Weigh the facts and ask yourself if there is prima facie evidence. Not just a clever story weaved together. 

I'd also like to warn against Mass Conditioning of the Stupid Syndrome. 

That's the belief that nothing that's proposed outside of "widely accepted" mainstream media or "official sources" should ever be believed. 

Because CNN would report it. They're looking out for the little guy! 

Wed, 03/03/2010 - 20:55 | 253111 DavosSherman
DavosSherman's picture

Bernanke to do the probe?

I know a blind and deaf person who could do better.

Wed, 03/03/2010 - 22:00 | 253174 Anonymous
Anonymous's picture

Don't underestimate the man's probing skills.

Wed, 03/03/2010 - 21:06 | 253119 the grateful un...
the grateful unemployed's picture

Generally accepted boilerplate says that the Fed serves the political needs of the party in power, by expanding the economy, and avoiding recessions. Hence periods of expansion far exceed periods of contraction. Alan Greenspan was a DC cocktail party fixture before he was ever a noted economist. And Bush vetted Bernanke for a week, do you suppose W wanted to question him about Austrian economics? The Fed is highly politicized and no wonder the ambitious Congressional players want in on the deal, although Paul has bigger fish to fry. He could bring the system down, legally of course.

Wed, 03/03/2010 - 21:17 | 253128 Anonymous
Anonymous's picture

Barney the Purple Emperor still thinks that getting "Watergate" into the news 24/7 gives an advantage to Democrats. I hope he never wakes up to the fact that much of today's electorate wasn't thinking beyond GI Joe and Barbie dolls when Watergate happened.

Wed, 03/03/2010 - 21:33 | 253143 35Pete
35Pete's picture

Wow. The equivalent of a formal police inquiry into police brutality. 

Thanks Barney! You sure showed them! And re-established faith in the Republic. 

I can't wait for Bernacke to appear before the committee with his findings, take the mike and say to Barney...

Holy shit Barney. You wouldn't believe the crap that we've been doing over the years. I mean, you can't make this stuff up. We should go to jail. Hell, I should go to jail!

The esteemed Congressmen from Texas is mistaken in some of his findings. Although we were knee-deep in Watergate, we never had any interests with Saddam. I think he's confused. We were funding Iran covertly to keep the Iran-Iraq war going. I'm afraid the congressman's claims don't align with the facts. 

Thank you Barney Frank for looking out for little ole' taxpayer me. 

Wed, 03/03/2010 - 21:39 | 253149 jmc8888
jmc8888's picture

Barney better hurry, the peasants are at the gates. 

Kesha Rogers won the Texas 22nd district Democratic primary yesterday.  53 percent of the vote with two other candidates opposing her.  Ran on Impeach Obama and cancel the bailout theme among others.  Oh yeah, she's a dem. It will be interesting to see how Barney Frank, and everybody else react, and perhaps put the pedal a little bit further down in fear of losing from his left.  He saw Kennedy's seat go republican, now a LaRouche dem won in Texas. 

Of course the yellow stream media isn't covering this much.  It was only a bigger repudiation of Obama and his fascist policies than Scott Brown by a factor of 10. 

Now she'll have at least an 8 month window to either influence, or make life hell for the administration.  Barney must be feeling the heat, and it just turned up a notch.

Oh yeah, and there is a LaRouche candidate running against Barney Frank too, so he's really going to be feeling the pressure.  Barney is about to get desperate, and it might pay off the more the pressure mounts.  The longer they wait, the better chances we have imo of getting a 1/10th decent bill.

Of couse it's a drop in the bucket, but the American people will still take that drop.

 

Thu, 03/04/2010 - 12:18 | 253637 Anonymous
Anonymous's picture

I guess you can impeach anyone for any reason, huh?

Wed, 03/03/2010 - 21:51 | 253154 geopol
geopol's picture

Barney has no idea what Ron Paul really means....

 

Andrew Marshall, the Pentagon’s legendary Yoda, is at it again. The resident futurologist and gray eminence of the US Department of Defense is now 89 years old and has been running Office of Net Assessment for 37 years, since he founded it in 1973. Now comes word that a gaggle of Strangeloves operating under Yoda’s sponsorship is recommending a new array of utopian psychological warfare strategies to try to shore up the sagging US-UK world empire in extremis. These schemes are contained in a report entitled Capability Surprises, which has just been issued under the auspices of the Pentagon’s Defense Science Board. The core recommendation of the assembled Strangeloves is that United States should create and conduct a robust and permanent inter-agency Office of Strategic Deception, to be assembled by a “Tiger team” of utopian think tankers, consultants, and academics, as soon as possible.

Capability surprises refer to sudden scientific, technological, or organizational breakthroughs that give one nation a sudden potential strategic advantage over another. They can represent secret weapons, or new ways of organizing existing capabilities, such as the German Blitzkrieg of World War II. Capability surprises, in the opinion of the DSB panel, can be expected for the United States in such areas as cyber warfare, space warfare, military operations, and technology, special emphasis on nuclear and biological capabilities. The report lists the Soviet launch of Sputnik in 1957 as a capability surprise inflicted by the Soviet Union on the United States. Another shocking surprise for the US came with the Tet offensive in Vietnam of January. Yet another surprise was the widespread use of Improvised Explosive Devices (IEDs) in Iraq. The panel thinks that the US attack on Iraq in the form of operation Desert Storm in 1991 represented a capability surprise based on effective deception against Saddam Hussein, whom they however dismiss as an “incompetent victim.”
The goal of the report is to minimize the shocking surprises experienced by the US, or at least to make sure that Washington can recover quickly and stabilize after each new shock. The other concern of the panel is to maximize the number of capability surprises the US can inflict on its rivals. The need to create surprises for others and the need to prepare to cope with your own are the two premises of the report.

Although this report is officially sponsored by Paul G. Kaminski, the chairman of the Defense Science Board, it represents in its essence a product of the Andrew Marshall network among think tanks, academics, and private consultants. This is a network which Yoda has been building up for more than four decades, using the Office of Net Assessment budget to commission a whole series of utopian scenarios and studies some of whose titles have been obtained by Talking Points Memo under the Freedom of Information Act, and which are listed at that website. Yoda’s influence has been nothing short of immense; Donald Rumsfeld, Dick Cheney, Paul Wolfowitz, and Scooter Libby can all be counted to some degree among Yoda’s pupils. We can say with absolute confidence that Yoda is a key component of that shadow government or rogue network cutting across the executive departments and agencies of the United States government which is determined to assert its own concept of foreign policy, defense policy, finance policy, and the national (or imperial) interest without regard to the momentary majorities in Congress or the momentary tenant of the White House. If Yoda is not a part of the shadow government, then no one is.

Yoda’s main job has always been in the area of imagination and futurology, identifying threats to US military supremacy well in advance and devising means to stave them off. If there was one point in the United States government which should have been held responsible for foreseeing and warding off the September 11 attacks, it was surely Yoda’s futurology and imagination shop in the Pentagon. After September 11, Yoda declined all responsibility with a series of cynical and cavalier remarks. Significantly, he was not held accountable by any commission, was not dragged before congressional hearings, still holds his post, and is as full of sociopathic energy as ever.

This study is the product of the DSB summer seminar of 2008. Yoda provided the keynote address for the entire project. The immediate prod for a seminar in capability surprises would appear to have come from the successful test of an anti-satellite weapon by China in January of 2007. This event caused widespread shock and consternation in official Washington, which had expected no such thing. Another ingredient was doubtless the Washington perception of growing Chinese capability in the area of computer hacking, under the heading of what the US calls Titan Rain.

An analysis of the language of this report allows us to see in retrospect how great the influence of Yoda and his circles over Rumsfeld actually was. In the report, capability surprises are divided into two categories. The first are the “known surprises.” These are breakthroughs by an adversary which one’s own espionage or other intelligence has allowed one to anticipate. These were the events famously classified by Rumsfeld as “known unknowns.” Then, in the language of the report, come the “surprising surprises.” These are the real shocks which arrive without any warning at all — obviously the “unknown unknowns,” of Rumsfeldian parlance. The report is grimly realistic when it says that the United States will not be able to avoid some nasty surprising surprises in the foreseeable future. If China can launch a manned mission to the moon before the US gets back into that game, for example, that would be a surprising surprise of the first magnitude. The report is vaguely aware of the stagnation of basic science and advanced technology in this country, which it obliquely recognizes by showing the relative decline of US science Ph.D.s compared to the rest of the world. Therefore, the report recommends “surprise management,” which would become the responsibility of a new Capability Assessment Warning and Response Organization (CAWRO), which would contain special strategic intelligence cells.

The most interesting part of the report deals with be attempted manipulation of strategic adversaries.. It is clear at the utopian Strangeloves of the Yoda network believe that they can ameliorate the declining US strategic position by playing on the gullibility and suggestibility of their main adversaries, especially by concentrating on the weak spots of the respective national ideologies of the rivals. The United States, according to the report, must concentrate on “understanding the enemy culture, standing beliefs, and intelligence-gathering process and decision cycle, as well as the soundness of its operational and tactical doctrine.” But necessary deception strategy will be “reliant …on the close control of information, running agents (and double-agents) and creating stories that adversaries will readily believe.” After the issuing of this report, nobody in the world has any excuse for doubting that the US does indeed run numerous double agents.

The deception strategy demanded by the report will require the psychological and epistemological manipulation of adversaries at the same time that the US attempts to manipulate and orchestrate world events themselves, as the following revealing formulation makes clear:

“Creating strategic surprise is especially challenging. Indeed, creating operational and strategic surprise requires one to undertake a series of sophisticated orchestrated events, all of which the adversary must believe, while protecting one’s own assets (e.g., double agents). In order to undertake such an endeavor, one must have a sophisticated understanding of the adversary’s intelligence gathering processes and political/decision cycle — as well as of the soundness of its operational and tactical doctrine. Even with this information, plans that rely on deception or bluffing often fail.

 

 

ALL FOR THE BENIFIT OF THE FED

Wed, 03/03/2010 - 21:55 | 253168 waterdog
waterdog's picture

Ben does not have the knowledge or skills to complete an investigation into these two matters. For one, who cares about Watergate or 1980'sIraq? Ben does not care; it is not relevant to his job. The suggestion of criminal activity by the Fed should be investigated by IG's office. However, no one really cares. It is a political issue.

The CIA assassinated the President of the United States in Dallas, Texas. Anything and everything dealing with politics became trivial at that moment and it is still trivial.

The only reason why it is important to know how burglars had so much pocket change on them while committing a minor break-in is because we are lost. Our politicians are lost, our economy is lost, the world is lost.

-

Thu, 03/04/2010 - 00:52 | 253315 Clinteastwood
Clinteastwood's picture

+1 Excellent sentiment.

Wed, 03/03/2010 - 21:55 | 253169 johngaltfla
johngaltfla's picture

Watergate? Oh dear God.

Can we at least focus on the little things in life. Like the missing $9 trillion we NEVER got an answer to.

Over a year ago.

Ugh.

Wed, 03/03/2010 - 22:48 | 253212 DavosSherman
DavosSherman's picture

Don't worry Goldman I'm Doing God's Work Sachs is looking into that for you.

Thu, 03/04/2010 - 08:49 | 253459 Anonymous
Anonymous's picture

if you can't get an answer on watergate you
are a bit of fucktard to think you can get an
answer on 9 trillion usd....

Wed, 03/03/2010 - 22:03 | 253176 Anonymous
Anonymous's picture

Unfortunately all of the evidence was at 7 World Trade Center. That's was they blew it up.

Wed, 03/03/2010 - 22:06 | 253178 Gordon_Gekko
Gordon_Gekko's picture

I think 99% of all the criminal activities on the ENTIRE PLANET can be traced back to the Federal Reserve.

Wed, 03/03/2010 - 23:27 | 253235 carbonmutant
carbonmutant's picture

That only leaves 1% for Goldman... and you know Turbo Timmy is in for a piece.

Thu, 03/04/2010 - 00:57 | 253316 Gordon_Gekko
Gordon_Gekko's picture

Goldman=Fed=JPMorgan=US Govt=Goldman

It's the same crime family.

Wed, 03/03/2010 - 22:07 | 253180 Anonymous
Anonymous's picture

Barney, like the rest of the wall street whores, are getting the poll numbers from the ground and know they're all fucked come 2012 without some major window dressing and massive distractions. If WWIII doesn't start soon they'll have to go into the elections on healthcare that doesn't get implemented until 2014, and the bailouts for the super rich. Like everyone is saying here, its sophmoric political theatre, and a crude calculation, that the stupidity of the voting population will get distracted again, and hail Bwarney Fwank as the Ron Paul "end the fed" champion.

Those high paid political advisors are assuring him that his most recent advocacy, cheerleading, and on all fours cock sucking of Wall Street and the Fed was just a bad bad drweam that never weally happened.

Christ almighty, what evil DNA spawns these whores, and why do they end up in such high places?!

Pure political theatre going after the dead when the present day criminals are too numerous to count.

Wed, 03/03/2010 - 22:10 | 253183 Gordon_Gekko
Gordon_Gekko's picture

and investigated the sale of U.S. arms to Iraq in the 1980s, before the Gulf War.

Typical US Govt. ploy to...ahem...spread "freedom and democracy" - arm both sides, then make 'em fight, kill millions and make billions.

Wed, 03/03/2010 - 22:25 | 253195 Rusty_Shackleford
Rusty_Shackleford's picture

Disinformation Techniques 101:

 

1. Hear no evil, see no evil, speak no evil.  Regardless of what you know, don't discuss it -- especially if you are a public figure, news anchor,  etc. If it's not reported, it didn't happen,  and you never have to deal with the issues.
2. Become incredulous and indignant.  Avoid discussing key issues and instead focus  on side issues which can be used show the topic  as being critical of some otherwise sacrosanct group or theme. This is also known as the  'How dare you!' (or Bizarre!) gambit.
3. Create rumor mongers.  Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild (bizarre) accusations. Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public  can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact.
4. Use a straw man. Find or create a seeming element of your opponent's   argument which you can easily knock down to make  yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges.  Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues.
5. Sidetrack opponents with name calling and ridicule.  This is also known as the primary 'attack the messenger'  ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'extremists', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs',  'radicals', 'militia', 'racists', 'religious fanatics',  'sexual deviates', and so forth. This makes others  shrink from support out of fear of gaining the same label, and you avoid dealing with issues.
6. Hit and Run. In any public forum, make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded, or simply ignore any answer. This works extremely well in Internet  and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other  attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint.
7. Question motives. Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal  agenda or other bias. This avoids discussing issues and forces the accuser on the defensive.
8. Invoke authority. Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows', and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources.
9. Play Dumb. No matter what evidence or logical argument is offered, avoid discussing issues except with denials they have any credibility, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect.
10. Associate opponent charges with old news. A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent  is or was involved with the original source.
11. Establish and rely upon fall-back positions.  Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made -- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues.
12. Enigmas have no solution.  Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, paint the entire affair as too complex to solve. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues.
13. Alice in Wonderland Logic. Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic
which forbears any actual material fact.
14. Demand complete solutions. Avoid the issues by requiring opponents to solve the crime at hand completely, a ploy which works best with issues qualifying for rule 10.
15. Fit the facts to alternate conclusions.  This requires creative thinking unless the crime  was planned with contingency conclusions in place.
16. Vanish evidence and witnesses.  If it does not exist, it is not fact, and you won't have to address the issue.
17. Change the subject. Usually in connection with one of the other ploys  listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can  'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues.
18. Emotionalize, Antagonize, and Goad Opponents. If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.'
19. Ignore proof presented, demand impossible proofs. This is perhaps a variant of the 'play dumb' rule.  Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant  and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance.
20. False evidence. Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations -- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed
with contingencies for the purpose, and the facts cannot be easily separated from the fabrications.
21. Call a Grand Jury, Special Prosecutor, or other  empowered investigative body. Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion. Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim.
22. Manufacture a new truth. Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively.
23. Create bigger distractions. If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable  events such as trials, create bigger news stories (or treat them as such) to distract the multitudes.
24. Silence critics. If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of theircharacter by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health.
25. Vanish. If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid  the issues, vacate the kitchen. .

Wed, 03/03/2010 - 22:36 | 253204 Altan311
Altan311's picture

Hey Rusty.... YOU ARE THE FUCKING MAN. Can Tyler please put this as a permanent link on the front page to ward off trolls?

Wed, 03/03/2010 - 22:41 | 253207 35Pete
35Pete's picture

Rusty be the f'ing man!

What an outstanding compilation. 

Wed, 03/03/2010 - 22:57 | 253218 saulysw
saulysw's picture

24. Silence critics.

I worry for Ron Paul and a few others. Might not get off a plane one day.

Also - agree - great list Rusty!

Wed, 03/03/2010 - 23:31 | 253240 geopol
geopol's picture

Shackleford: Nice Post.....

There are other ways to attack truth, but these  are the most common, and others are likely derivatives of these. In the end, you can usually spot the professional disinfo players by one or more of seven distinct traits:

1) They never actually discuss issues head on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility.

2) They tend to pick and choose their opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well.

3) They tend to surface suddenly and somewhat coincidentally with a controversial topic with no clear prior record of participation in general discussion in the particular public arena. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason.

4) They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength.

5) Their disdain for "conspiracy theorists" and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain. Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do.

6) An odd kind of "artificial" emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. Most people, if responding in anger, for instance, will express their animosity throughout their presentation. But disinfo types usually have trouble maintaining the "image" and are hot and cold with respect to emotions they pretend to have and the more calm or normal communications which are not emotional. It's just a job, and they often seem unable to "act their role in type" as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth.

7) There is also a tendacy to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it.

Under the surveillance of the truth...Detectable?

Wed, 03/03/2010 - 23:51 | 253258 the grateful un...
the grateful unemployed's picture

so if Jeff Gannon of these? Did the CIA remake Johnny Gosch, through their mind control program, and did Gannon suddenly arrive, (much to the surprise of the Bush II White House) and no one ever questioned his resume??

Thu, 03/04/2010 - 00:19 | 253279 geopol
geopol's picture

Should I escort a list of deviant behavior at the White House that would surprise you? The epicenter of deprived embellishments of human failure....

I don't think Gannon was a surprise,,,only a friend of the not so mildly deviant..

 

Thu, 03/04/2010 - 09:02 | 253462 Anonymous
Anonymous's picture

johnny gosch is in no way shape or form jeff gannon....
gannon was a very high level cia intelligence
agent used to compromise bush...gannon had access
to the plame file because it was in bush's posession
in the white house living quarters where gannon
took it and leaked it to the press via cia hack
robert novak....apparently bush was buying expensive
male prostitutes...he was also involved with that
former mayor of nashvilee - victor ash....

johnny gosch on the other hand is still in hiding
after escaping from his sex ring captors who
were behind all of the milk carton abductions of
the 1970s-90s....they serviced high powered
republicans with little boys one of whose customers
was barney frank....craig spence died over this
when the wshington times reported on the sex parties
in the white house under daddy bush....jack kemp
was a major customer who had to suddenly depart
as hud secretary when the information was about
to become public....

the sex ring is still very active and centered
in omaha....larry king - former high powered
republican pimp daddy to the bush white house -
was deeply involved in the s&l debacle....when
lincoln credit union was raided massive amounts
of pornography were found and then destroyed or
buried in the federal archives...king ran part
of the sex ring....the players involved in that
crisis came back to life again after the keating
5 were exonerated - of course they were all
crooks - and did it all over again...the indymac
ceo was the same piece of shit involved with a
major s&l failure in the 1980s/90s...

i know this sounds bizarre but it is true and
there is much more to it....

Thu, 03/04/2010 - 11:07 | 253551 the grateful un...
the grateful unemployed's picture

yes i read the book. i have always assumed this was the point of contention between Bsuh Sr and Jr, and that as much as Jr wanted to scrap off the slime, the connections kept following him around, and actually helped place him in office, the Manchurian President. If Gannon is CIA its more likely he came out of that MZM? program. High level I doubt it. He had worked on the campaign to unseat Tom Daschele, he had roots in the region.

Thu, 03/04/2010 - 12:42 | 253668 WaterWings
WaterWings's picture

Rusty and Geo freaking rule. Truth to Power.

Wed, 03/03/2010 - 23:33 | 253245 MsCreant
MsCreant's picture

Rusty, this is really good. I learned some from it. A good marriage counselor could benefit from this list as well!

Wed, 03/03/2010 - 23:33 | 253246 carbonmutant
carbonmutant's picture

H. Michael Sweeney

http://www.whale.to/m/disin.html

 

Wed, 03/03/2010 - 23:34 | 253249 MsCreant
MsCreant's picture

We posted at the same time. JINX!

Do you owe me a coke?

Thu, 03/04/2010 - 00:44 | 253311 Howard_Beale
Howard_Beale's picture

Great set of rules that have been around for a long time. Thanks for posting them.

Thu, 03/04/2010 - 02:24 | 253348 Bear
Bear's picture

Wow .. this is the Democrat's Manifesto ... where did you find it?

Thu, 03/04/2010 - 02:29 | 253349 agrotera
agrotera's picture

Brilliant Rusty_Shackleford!!!

Thu, 03/04/2010 - 17:03 | 254045 Anonymous
Anonymous's picture

Please copy, create new thread, paste, sticky thread, and allow for hotlinks to this post. Thank you and much appreciated! :-)

Wed, 03/03/2010 - 22:32 | 253201 buzzsaw99
buzzsaw99's picture

If we're going to delve into stuff where the statute of limitations has already expired then I demand an investigation into the criminal formation of the federal reserve in the first place.

Thu, 03/04/2010 - 02:40 | 253356 faustian bargain
faustian bargain's picture

+1913

Thu, 03/04/2010 - 06:04 | 253408 35Pete
35Pete's picture

+1974

Wed, 03/03/2010 - 23:36 | 253250 MsCreant
MsCreant's picture

Papasmurf,

Did you get that in New Hamsterdam? Or did you roll your own?

Thu, 03/04/2010 - 00:57 | 253318 Papasmurf
Papasmurf's picture

Found in a Senate bathroom.

Wed, 03/03/2010 - 23:51 | 253257 carbonmutant
carbonmutant's picture

These types of allegations will continue until the FED starts providing some creditable transparency

Thu, 03/04/2010 - 00:00 | 253263 geopol
geopol's picture

The Fed needs to exit moral society....The transparency issue is moot, we know the modi operandorum.

 

Thu, 03/04/2010 - 00:14 | 253274 lovejoy
lovejoy's picture

Huffington Post: Stiglitz indicating that the FED is Corrupt.

One of the world's leading economists said Wednesday that the very structure of the Federal Reserve system is so fraught with conflicts that it's "corrupt."

Nobel laureate Joseph Stiglitz, a former chief economist at the World Bank, said that if a country had applied for World Bank aid during his tenure, with a financial regulatory system similar to the Federal Reserve's -- in which regional Feds are partly governed by the very banks they're supposed to police -- it would have raised alarms.

"if we had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure," Stiglitz said during a conference on financial reform in New York. "It's time for us to reflect on our own structure today, and to say there are parts that can be improved."

Stiglitz made the remarks at a conference held by the Roosevelt Institute. He and other speakers, including Harvard Law Professor and federal bailout watchdog Elizabeth Warren and legendary investor George Soros, had bold ideas about reforming the nation's financial system.

After the conference, Stiglitz said that his remarks on the Fed were "maybe a little hyperbole," but then again made the case that if another country had presented a plan to reform its financial system, and included a regulatory regime that copied the makeup of the Federal Reserve system, "it would have been a big signal that something is wrong."

To Stiglitz, the core issue is that regional Fed banks, such as the New York Fed, have clear conflicts of interest -- a result of the banks being partly governed by a board of directors that includes officers of the very banks they're supposed to be overseeing.

The New York Fed, which was led by current Treasury Secretary Timothy Geithner during the time leading Wall Street firms like Citigroup, JPMorgan Chase, AIG, and Goldman Sachs were given hundreds of billions of dollars in taxpayer bailouts, presently has on its board of directors Jamie Dimon, the head of JPMorgan Chase. He's been there for three years. He replaced former Citigroup chairman Sanford "Sandy" Weill..

"So, these are the guys who appointed the guy who bailed them out," Stiglitz said. "Is that a conflict of interest?" he asked rhetorically.

"They would say, 'no conflict of interest, we were just doing our job,'" he answered. "But you have to look at the conflicts of interest."

A message left for a New York Fed spokeswoman after regular business hours was not returned.

"The reason you talk about governance is because in a democracy you want people to have confidence," Stiglitz said. "This is a structure that will undermine confidence in a democracy."

Thu, 03/04/2010 - 00:57 | 253281 geopol
geopol's picture

Stiglitz feels the heat of a schill,,,he's not credible.

However...

http://www.youtube.com/watch?v=ZYcIQvSAHZ8

http://www.youtube.com/watch?v=TfuTc1ZlvKE&feature=related

Thu, 03/04/2010 - 11:26 | 253587 Anonymous
Anonymous's picture

You can tell a lot about a person by his house. I have been to this person's house before and it doesn't give you that slimy feeling.

Thu, 03/04/2010 - 00:35 | 253298 Problem Is
Problem Is's picture

"Robert Auerbach, and specifically his book Deception and Abuse at the Fed" (not available on Kindle)..."

What Tyler?

But more importantly... is it available on my i-maxi-pad?

Thu, 03/04/2010 - 01:20 | 253325 dot_bust
dot_bust's picture

Let us not forget that President Kennedy tried to rescind the Fed's right print money.

Thu, 03/04/2010 - 01:43 | 253331 geopol
geopol's picture

On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.

After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment. As America's debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America's debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, ifso, is he willing to pay the ultimate price for doing so?

Thu, 03/04/2010 - 02:14 | 253344 Bear
Bear's picture

President Clinton, Bosnia ... Geo, you've fallen into a time warp or I'm back in 1995 with two great bull markets in the future ... no, I consulted my earth clock and it's 2010 and all we have is a big bear in our future

Thu, 03/04/2010 - 02:43 | 253357 merehuman
merehuman's picture

GEOPOL I thank you. I liked Kennedy, i was 12 at the time. He did simbolize the USA to us europeans

Thu, 03/04/2010 - 06:16 | 253409 35Pete
35Pete's picture

The US is not a Republic but a banking empire. 

http://www.youtube.com/watch?v=W1DchGc07TY

Thu, 03/04/2010 - 01:48 | 253333 agrotera
agrotera's picture

I just wish the public would get with the program and push for S604.  S604 has been in committee that was headed by Chris Dodd since March.

..top of the agenda:

1) How long do we need to stall

2) How much will the added electrical bills be from all the shredding (good thing electricity can be included as an expense in addition to the 6% on 1% of the reserves that our puppetmasters get to keep or they might be pissed.)

3)Call in the X-Enron lobbyist so we can know what to do.

4) Stay calm, remember the broken record routine.

Thu, 03/04/2010 - 02:02 | 253340 geopol
geopol's picture

agrotera,,,

Is there something about being a citizen in a continuous creeping coup against constitution and law from beginning to end, that escapes you? Poor dear..

Thu, 03/04/2010 - 02:21 | 253345 agrotera
agrotera's picture

Hi geopol!

i am just so clueless...but try to remain hopeful even though i can't even imagine how we can escape the grip of this massive government sanctioned machine...

 

and btw geopol, thank you for all of your great info!!!

Thu, 03/04/2010 - 06:19 | 253410 35Pete
35Pete's picture

First, I think geopol was being sarcastic. Second, our biggest enemy is our own belief that "we're powerless to change anything". 

We live in a cat and mouse world. The gov't/banking cartel is the cat. You're the mouse. 

When the cat turns on a mouse, look out. It'll maul it. The cat knows this. What the cat also knows and the mice don't is that the cat cannot standup to 300 million mice. 

It can't stand up to 10% of that, or 30 million mice. 

United we stand. As Democrats and Republicans we fall. 

Thu, 03/04/2010 - 02:32 | 253352 Anonymous
Thu, 03/04/2010 - 02:36 | 253354 Anonymous
Anonymous's picture

Are you kidding me. $6,300 found on the Watergate burglars. Where did it come from? Give me a friggen break. Hello, federal reserve, where did the money on the Watergate burglers come from? Too funny. You can't make this stuff up. Stupid Congressman should have asked Woodward and Bernstein. They figured it out.

Thu, 03/04/2010 - 02:54 | 253360 Anonymous
Thu, 03/04/2010 - 07:26 | 253425 bullchit
bullchit's picture

"will President Clinton have the courage to consider utilizing Executive Order 11110 and, if so, is  she willing to pay the ultimate price for doing so?"

Regards.

Thu, 03/04/2010 - 10:45 | 253531 phaesed
phaesed's picture

Hey all,

Sorry I don't post much these days, taking a break from the conspiracy :) Interesting video although Paul really needs to let Bernanke stumble on his own lies to show the truth. However something you guys should know about DIDMCA (the monetary control act he mentions)

http://en.wikipedia.org/wiki/Depository_Institutions_Deregulation_and_Mo...

Volcker was the one who influenced it's passage. Also, you should look at the market during those days before passage.

peace y'all

Thu, 03/04/2010 - 12:12 | 253629 Anonymous
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mark456's picture

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jessicamarchant123's picture

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