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Presenting Western District Of North Carolina Case 10-cv-200
All we can hope for is for this to get to trial. And any case which in its brief says: "As American citizens, the
Plaintiffs allege the financial and banking system imposed on them by
the Federal Reserve Banking sytem is a violation of their
Constitutional and Human Rights. That the banking system practiced by
the New York Federal Reserve Bank, owned and controlled by the
Defendant Wall Street Banks, is the most sinful and evil PONZI scheme
man is capable of devising" deserves a hearing.The ratings for C-Span will blow the Superbowl away. A 30 second ad slot will cost exponentially more as the case progresses adversely for the Federal Reserve, and the dollar gets increasingly devalued.
Allran v New York Federal Reserve
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David Vs Goliath = Helluva fun match
Balls.
This is the intellectual equivalent/component of torches and pitchforks. But its way better. We dont want blood; just grant them a bonus of 30 years hard labor. Throw in total asset forfeiture as a ragged parachute.
I salute the Plaintiffs
Perhaps those with graphic arts skills could create a 10 minute cartoon summarizing the lawsuit. Post to youtube?
Close. Huge Johnson if you read the signature.
Except that the Fed is definitely not "owned and controlled by the Defendant Wall Street Banks", so one would think that this case will go nowhere.
No private bank, even on Wall Street, has the power to endlessly issue credit without being called on its obligations. Only the government has this power, which is to say the people are perpetuating their own abuse.
Ownership of the Fed is certainly private Wall St (and other) banks... the breakdown of ownership is not entirely clear as it is unpublished ...
Well, that's open for discovery now, isn't it?
I am Chumbawamba.
Speechless. The Brief Statement of Case is a doozy. It'll go right over most people's head. But it is beautiful!
They forgot Satan as a defendant.
++ WW
I hope this case can lead us to the end of the Fed. I hope american national sovereignty can be restored.
See the POTUS goading the Spain PM to cough it up for the bankeratti.
US President Barack Obama played a key role behind the scenes, pleading with Mr Zapatero for "resolute action". The telephone call from the White House is a clear indication that contagion from Greece and Portugal to the much larger debt markets of Spain had become a global systemic threat by late last week.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7716530...
No, Satan is in the list....
Holy CIT! Sign me up!
Funny how C=itizen is Capped in the first line, then not in the third. LOL, funny. This case has merit in fantasy Matrix land, but not in the real world where the CONsitution is nothing more than an agreement to pay for the cost of the Revolution.
What a charge sheet!Get Benny boy on the strand and charge ol' sparky up.....
Sweet...but I hope it doesn't go in front of the Supreme Court.
This is fun. It's just not the kind of case that makes it far for obvious reasons. On the other hand, if someone presented a narrow issue on the merits (or someones presenting several narrow issues) without mentioning the Bilderbergs, you'd have a better chance of a fair hearing.
For example, the March 2008 CLO's (LBO's) from Lehman before the bailout always intrigued me. If I recall, that was done through Fed Reserve statute, the PDCF. However, that's strictly governed. The same assets being rated AAA and taken by FED were being traded in the secondary market the SAME DAY with huge discounts....if I recall this correctly. Many people thought this was a sham. I recall reading a few paid journalists and bloggers openly alleging collusion to get around the statute. That seemed probable to me
Good post.
Every journey has a first step.
A well drafted statutory case could give someone discovery. That's the key. The courts have been used many times where the legislature failed. On the audit for example. If you could allege they violated their statutory duties on the PDCF or other enabling entities, with some evidence, you might be able to get discovery, or so I hear....
The problem is that this is not well drafted and they come off sounding like a bunch of foil hat wearing nut jobs =/
Oooh, yeah. The New World Order stuff and causing World Wars. Would have had a better chance at getting some public support if they had not thrown all that in there. Why not add causing Aids and Cholera.
Funny. I'm sure that's just what the defendants would say.
++
Reading the remarks here demonstrates to me that the allegations against the control of the press is eminently true. The press has consistently called people aware of the NWO groups like the BB and TLC as tinfoil hatters. It seems clear here that the press has been successful in their mission. This is exactly why America has become so scysophrenic. You can fool all of the people all of the time!
What do you win in this kind of suit?
I suppose you'd ask to enjoin their activities (stop them) or sue the defendants (and shareholders of the Federal Reserve) for money damages. It's a stretch. But, the Europeans are trying to enjoin this deal in Europe right now and some think they have a chance on several violations of Maas.. treaty. I think their law is tighter than US Fed
A pallet load of bear stearns shares.
I don't know, but if you lose, Ben Bernanke gets to eat your soul.
HA!
A Red Roof Inn.
The chances of this going to trial is actually less than the Fed deciding to disband and the government deciding to go back to a gold standard. In other words, about 1 in 10E75. To put that number in perspective. There are probably less than 10E75 particles in the known universe!
Then that would make it the same odds as Goldman's winning trade streak????
10^56. And to put that into perspective, it's only slightly less than the odds of Goldman Sachs, JPMorgan, and BofA prop desks all going 63 for 63 in a quarter.
Where do you get 10^56? I thought it was more like 10^80. The number's significance with respect to probability could be doubted as well, since a single molecule has enormous computational capability (i.e. http://www.popsci.com/science/article/2010-05/single-molecule-computes-t...). Further, the odds that you (and Denninger today) quote for GS, JGM and BoA to all have perfect quarters assumes a 50-50 shot at failure every day. If that were the case, these guys wouldn't still be in business. Unfortunately, I don't know the historical probability of that any given day will result in profit. That number would be more helpful in discerning a real probability of going 63 for 63, and though that probability would be significantly more than 1/(#molecules in universe), it would likely be significantly less than anybody's standard of reasonable doubt (unless you served on OJ's jury).
Aaah, you want Avogadro's number.
Takes me back, to when I was young & innocent.
lol, if you own the game, you can reach under and pull out what you want.
"Even the longest journey must begin where you stand."
http://www.quotationspage.com/quotes/Lao-tzu/
Love it.
Can't wait to hear the Iceman testify about volcanos.
All you need is a judge underwater on his mortgage. Either way really.
.
How about charges of conterfiting under the Coinage Act of 1792....punishable by DEATH....thank you to the Patriots that put this together !!
What ever happened to that hit-and-run driver from Macguire's case?
Is he in custody? Or is he on a red-eye from London?
He's retired and in the witness protection program..
He is hangin out drinking St. Germain and Cazadores margaritas with the Japs who were caught smuggling hundreds of billions of dollars of U.S. treasuries in the bottom of their briefcase from Italy across the Swiss boarder...and let go...TWICE (that we know of)!
FUCKING TWICE!!!!!!!!!!!!
I know, no one gives a shit.
Cause they are worthless crap!!!
Not the point - If I tried to pass a fake Benjamin off at the local mall, the Secret Service would have me upside down for a full rectal. Those shleps hose up a job crossing a border and spend less time in custody than my homies in county lockup!
He is the new Prime Minister.
Victor Pandit? Who the **** is that? Vikram? So, he took his Sanskrit name and made a literal translation into English? That ****er with a phony accent. He should read "The story of My experiment with Truths" to understand the futility of such endeavours.
While I am sympathetic to the cause there is NO "cause of action" for what might happen in the future. Must be a justiciable case and controversy with personal and subject matter jurisdiction.
While I have not read every single paragraph, most of what I did read alleges that a "New World Order" will be created or allege some combination of a plot by Wall Street Banks and that the Federal Reserve Act is unconstitutional. The latter issue has been resolved and the court will not hear a claim based on a plot or plan unless they can show present intent to break the law and that there is no adequate remedy at law. In which case, the court will issue an injunction.
My prayer is that the court can find some way to interpret this rambling gobbledy gook into an action that will withstand a 12(b) motion to dismiss for lack of subject matter jurisdiction. Otherwise, we will never see a response from the defendants or a shred of discovery produced.
Don't be an appologist for the mumbo jumbo that enslaves you.
- @ Psquared,
..what about this ?? Can it be entered as evidence??
http://www.youtube.com/watch?v=Rc7i0wCFf8g
- or this,
http://www.youtube.com/watch?v=0lsltxgrr_o&feature=related
It is not well plead (and spelling errors, "principle residence", show carelessness). It might have a slightly better chance if the plaintiffs were pro se, as Federal courts are known to grant leeway in such cases (e.g. they have construed a simple letter from a convict as a formal appeal).
I think the issue is not subject-matter jurisdiction but rather outright failure to state a claim (cause of action). The pleadings cast a wide net, though, (throwing spaghetti against the wall and seeing what sticks is the uncharitable take) and a sympathetic reading might look past New World Order rants and discern some cogent claim for relief. Maybe granting them leave to amend the complaint. I'm certainly rooting for this -- it would be wonderful if the case were to reach discovery!
I assumed this was pro se because I can't imagine any attorney with any pride or self-respect whatsoever producing this rambling collection of internet conspiracy site forum postings.
With regards to granting leeway, I was just in my district court clerk's office the other day and saw several handwritten motions, some on ruled paper. I was a bit bemused, but also inspired. It made me realize that my motion at least had a chance having been produced with a word processor (Microsoft Word Pleading Wizard ;) and printed on a laser printer ;)
I have it on good authority that a complete case can be made for invalidating the 16th Amendment. I say this only because I haven't independently verified the claim (I plan to) but it comes from someone I consider a very reliable individual, and he claims he did do the research. I've seen "proofs" on various tax protest sites but most of them are based on assertions or unsourced material. If someone's already done a proof, it would be interesting to turn it into a complaint and file that in District Court. A whole series of similar lawsuits could be filed simultaneously in all districts throughout the US. This can be done, and I think it could fly. It would take lots of time and money, but with an open source model and plenty of volunteers, it could be done.
I'm open to forming a group off-site ;)
I am Chumbawamba.
This pleading reads like a mentally ill person read too much of Infowars.
This goes nowhere.
Yes. Too much Alex Jones rots the brain. His paranoia is so extreme, complete, and universal that its toxicity undermines the truths it tries to expose.
maybe you prefer to live in denial land.
too much alex jones will open your eyes.
http://www.youtube.com/watch?v=4WcuYafh1ek
oh, and people said he was a crazy paranoid when he predicted 9/11 in july of 2001:
http://www.youtube.com/watch?v=a8Hk1-BpXO8
Alex Jones is da bomb. He only speaks the truth. The banks are taking over. Now go buy some Hybrid seeds and prepare yourself for " THE DAY " Its coming...
Alex Jones is da bomb. He only speaks the truth. The banks are taking over. Now go buy some Hybrid seeds and prepare yourself for " THE DAY ". Its coming...
I don't think he's ever been caught lying - and he has documents for everything. Maybe 20% spin, but the rest is pure knowledge. I actually got sick of hearing new names only to find out later that they were actually important and that my brain is too small. Whatever AJ is, he's speaking for the masses.
I'm sorry I junked you. I should have just replied instead. Is there an undo? unjunk?
Reading your ad hominem, I wanted to remind you that you on record as opposed to political/topical vs. what you consider financial discourse on ZH. Have you had an epiphany?
Is your change in additude due to the realization that the government is the economy and the bank is the government?
Click the junk again and it goes away.
kewl! it worked for me on your post...
(what if it hadn't... :^)
it's all about risk/reward
good to know - tnx.
agree, this goes nowhere .... it might though be of future aide to the plaintiff in establishing his eligibility for Social Security disability
THIS CASE IS A FUTURE SOUTH PARK EPISODE!!!
I like this suit. It may seem outlandish, but the corruption we are living with is too. I enjoyed reading through this, and wish them well.
I started reading this. It was hard to take it seriously as a legal document when I saw the references to the "New World Order" and a reference to the CEO of Citi as "Victor" Pandit.
The court will dismiss this in 90 days.
That will be a court that gives it serious study. I say 90 seconds will do it.
I love, love, love the list of defendants.
Yes, the list of defendants is awesome, the plaintiff though forgot to too name Satan. The brief IMHO would have been much better if too a few times it’d made mention to Roswell, abductions by little green men and anal probing
the lengthy witness list can attest to the anal probing. lol
There has been a Federal case with Satan as defendant. The Court, among other things, was concerned service of process might prove difficult... and also wondered whether it had in personam jurisdiction.
No kidding, look it up.
It's definitely a crude start, but it has grains of truth. My question is: where the hell are all these anti-Fed organizations, Ron Paul groups, a few civic taxpayer groups in DC? Why aren't they working together to bring a cleaned-up suit? I've been hearing about them for years, then when things really HAPPEN that could be outside of statute or unconstitutional, not even an injunction is brought??
To me, that's bizarre.
Most of those groups appeal primarily to the lower classes. They will never have much of an impact.
Just follow the Greek example for how to put the fear of the market into the United States. If the leadership insists on playing the Sarkozy "Aux Secours! Speculators!" game, then capital can easily shift to work in a more pliable country. I'm sure the Germans, Austrians, South Africans, Swiss, and others would be more than happy to shelter and nurture American talent.
Cute idea but this will be taken about as seriously as the Fed raising interest rates.
Banks will win. Good Nite. Move along Kids, Nothing to see here. Now go home and get your fucking Shine Box
This is fantastic. I especially love the section about JPMorgan and Citi owning 66 percent of the NY Federal Reserve Bank stock.
Let's bring all the dirty laundry out into the open!
needed way more exhibits!
I'm not an attorney, so I'll take your word for it. What's important at this point is the effort that the plantiffs are making to expose an immoral, inhuman system that controls all of our lives.
Might be a lot of effort, but not much intelligence or substance. This could well end up with the plaintiffs paying sanctions for filing a frivolous lawsuit. The issues are not frivolous, but the way the complaint is put together looks like they copied the style of another complaint but it has no substance.
"Evil PONZI scheme" is not a cause of action unless they allege a violation of some statute. And the way it meanders around constitutional interpretation ... well, let's just say they may have bit the hand that feeds them by criticizing the very court system they want to interpret their complaint.
I'm sure the plaintiffs are well aware the odds are against them.
I'd think ZH could collectively draft a more sane lawsuit with serious substance, ownership interest, interlocking boards, powers, past use, etc.. What a great project!
A public style lawsuit with open contribution. Edit it later, take the best FACTS/SOURCES people bring to bear, then let that serve online for other potential plaintiffs in their suits. And please with the Jewish stuff and causing war stuff. That stuff could do more damage to the grains of truth about WAMU, etc., than anything else they did. It almost looks contrived, but I'll assume for now they're sincerely upset.
Please undertake this - he said, not being a lawyer. We will be forever grateful.
LOL! Tyler get to work. We need a rewrite. May the best avatars win. Tell Murray ixnay on the Jew stuff and can anybody get me some lox that doint schtick to mine gums its like chazerei oy vey!
I've been pushing this very hard.
Suing the government is too slow. It's far better to take a play from the Bush Crime Family playbook and do a surgical strike on the tip of the establishment.
I.E. class action against Princeton for fraudulent advertising. Man, what a nice campus... I'd love to turn it convert it into some combination of a museum and a brothel. Not that much would change, mind you...
Go for major hospitals as well - not the big ones, but the ones that other medical schools look up to.
Other targets can be Veteran's Administration (go for individual hospitals, not the major ones) for malpractice, etcetera, with the proceeds going towards a new non-profit for treating PTSD.
I mean, right? They all have a bunch of shittily managed endowments. If they believe that ZIRP forever is virtuous, then we might as well let some trial lawyers join in the fiesta. I'm pretty serious - does anyone have any suggestions on how to coordinate it?
My sentiment exactly. I am happy to see this. Who cares if Thomas Paine did not write legaleaze according to each and every pot shot.
The Koo-Raj jumps out at the reader.
Waterwings. Satan cannot be sued, but suing Goldman is the next best thing.
When Lord Blankfein said Goldman was doing God's work, he neglected to say which God.
We are thus left to ask is it the God of heaven, or the god of sin and corruption. The answer that justifies one's thinking says a lot about which side they're on.
Christian law says that by a man's works shall ye know him.
'nuff said.
+1
Pretty much.
I need a picture of a snowflake in hell.
This post needs the same title as the prior one.
Ponzi sounds about right.
Just yesterday I deposited a U.S. Treasury check that was a tax return refund. The bank informed me that the check would clear to the account on Thursday, a two day delay.
I asked when my .000001% interest would begin accruing and the teller stated "Thursday". I then stated that the situation must not be very good if the bank had to wait two days until the US Gov check clears, that apparently check kiting for any one other than a bank is illegal, and that the bank must be making a killing giving out zero interest, borrowing at zero interest, and riding the yield curve to pay out big bonuses.
The teller just looked at me with a blank stare, she didn't understand a word.
Bank of Zero Hedge? I am in.
YOUR TROUBLE†
kiss kiss
is this case any less absurd than what is going on in washington? I see it as less absurd.
We said amigo.
Lotta typing there, and lots of patriotic truthiness. But, for all the hard work, and heartfelt sentiment, will go nowhere. At least the plaintiffs care.
Class Action??
Do we get paid in gold??
The case is a grumble against a corrupt government, much like my comment here on ZH, but one step further.
Applause to those taking action, ... any action is better than none.
This is a good start. What is really needed is about 100 more of these same type of cases launched in municipalies all over America.
It's not a lawsuit. It's the list of charges to be read at the hangings disguised as a lawsuit.
if it wasn't, it certainly is now...
a seed well planted, CD.
I sent this to my State Senators (prior to Sanders caving in), then called them to support the Vitter Amendment after Sanders caved. My mistake. I was stupid enough to think that they would actually represent me. Both voted Nay on the Vitter Amendment. There is evil in our financial system. I'm waiting for the $666 dollar bill to be issued next (soon?). God help us! Taxation without representation, again. History repeats. See:
http://en.wikisource.org/wiki/Andrew_Jackson%27s_Farewell_Address
Dear Senator (Senator’s Name Here),
I am following up to my telephone message of today, May, 6th, 2010, to ask for your support of S. 604, The Federal Reserve Sunshine Act via a standalone vote. Furthermore, in concert with support for S. 604, I ask that you to oppose Senator Dodd’s bill (S. 3217), as it only serves to weaken the provisions of S. 604, and guarantees continued Fed secrecy in the most important financial matters of this country. Finally, I ask that you support the Sanders amendment, when the vote comes.
There are currently 32 co-sponsors of S. 604, The Federal Reserve Sunshine Act, and 317 co-sponsors of HR 1207, the Federal Reserve Transparency Act. Clearly many of your colleagues in Congress see the importance of having transparency, accountability, and independent audits of this powerful, quasi-government financial institution. I know of not a single business, or financial entity in the public, or private sector that is not subject to financial audits of their books from time-to-time, so as to maintain confidence in said entity, and to keep them honest. What makes the Federal Reserve Bank (aka: the Fed) so special, so exclusive? What do they have to hide? Where are the financial checks and balances? The American public have a right to see how our money is being used, or misused, as the case may be.
Auditing the Fed has nothing to do with their supposed “independence” from influence by the Executive, or Legislative branches. This independence is concerning monetary policy only, and specifically the setting of short-term interest rates. Since this rate (i.e.: the Fed Funds Rate) is currently stuck at about zero, and our economy is still weak, I don’t see that there is any potential for swaying the Fed in this area for many months, at a minimum. This is a fallacious argument.
Senator (Senator’s Name Here), here is the charter, or “mission statement” if you will, of the Fed:
http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#3
What are the Federal Reserve's responsibilities?
Today, the Federal Reserve's responsibilities fall into four general areas:
• conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices
•
• supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
•
• maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
•
• providing certain financial services to the U.S. government, to the public, to financial institutions, and to foreign official institutions, including playing a major role in operating the nation's payments systems
•
It is clear – with the exception of the final item, which is minor – that the Fed has failed miserably in its responsibilities since its inception in 1913. The present day (on-going) financial meltdown is certainly an example of this failure. How can we allow such an incompetent entity to continue in existence? Certainly such a simple requirement as allowing independent audits of the Fed would be as welcome by Congress, as it is by the majority of the American people? If the Fed were a private sector corporation it would no doubt have been out-of-business long ago, based on its performance to its charter. That is what concerns me; that the Fed is still in power, and apparently above even the basic tenets of accountability, and sound financial practices. This is a dangerous situation as those who control a nation’s money supply so control the nation. Please effect real change (for the better), and real financial reform. Support S. 604, and – at a minimum – audit the Fed.
Thank you.
Sincerely yours,
John Q. Sheeple
The political game has been over for a while ... like the Alamo.
Bull. Thanks to Bruce and everyone who keeps pressing for political change.
http://www.swarmusa.com/vb4/
The guy's an actual attorney,admitted to the bar in 1954. So he's been a lawyer for 56 years. Experienced! I'm guessing he must be at least 80 or so. A lot of the suit will not survive a 12b-6 motion because so much of what's being alleged involves acts immune from suit under sovereign immunity. HOWEVER, you could read some of it as a civil rights case under Sec. 1987 where property is being taken under color of law but without due process. And the declaratory relief allegations, relating to the constitutionality of the Federal Reserve Act, and the whole Jekyll Island setup of private/public monopoly, is not so outlandish in my opinion. Maybe it gets cleaned up at the motion stage, maybe Mr. Johnston decides it's too much work even to serve all those people, maybe bits and pieces survive for a while, depending on the judge. You go, Hugh! You're the man! At least they're not just rolling over for everything and just bitching about it.
Nice legal insight, he should also add provisions of the Coinage Act in the Constitution. It outlines that any debasement of the currency is treason and punishable by death.
Bump
Sport guy chest bump )(
With regard to the sovereign immunity issue raised, I am not sure that is correct. When a FOIA inquiry was provided to the federal reserve, they responded that they are not subject to FOIA requests because they are a private organization. If they are a private organization, it would be difficult to argue this, unless it is clear that the US government is directing their actions. If that happens, there can be no finger pointing between the two.
The ponzi part is that they have created a system where you don't own your own property (technically the banks own your deposit), and they can debase your property without having to pick your pocket.
If Dick Cheney could claim he both was and was not part of the Executive branch maybe the Fed can claim it both is and is not part of the US Government.
Stranger things have happened (in the Fed at least)
That's exactly the game the IRS plays. They will insist they are either a Federal agency or a private corporation when it suits their purposes.
It has been explained to me that they can be scared out of any case in Federal court by asking the agent to testify as to what branch of the government they operate under. Once you start bringing up such issues, the case is dropped. So I've been told.
I am Chumbawamba.
I'll take a look at that, thanks. Debasement, perhaps, by spending $1.5 trillion to buy Fan/Fred MBS and agency debt and $300 billion for Treasuries through monetization, for example, certainly debases the value of the currency.
Is there a known, or suspected, Tin Foil Hat wearing judge in W.D. of NC?
Yes, this is requested to be a jury trial, and who knows what % of the population there wear TFH's.
But... Assemble enough pissed off citizens, and you stand a modest chance of raising a spectacle, a very unwanted spectacle. Under a jury trial, it is the jury that decides the fate of the banksters, not the judge.
Being a docile, brainwashed rubber-stamped slave of the power elite sheeple corps = not wearing a tin foil hat.
We better start handing out pamplets now:
http://fija.org/
Born in the USA
http://www.youtube.com/watch?v=VhRBH8VZ7uo&feature=related
http://video.google.com/videoplay?docid=-5407431706601832542#
.
i think this goes here.
.
or search "esoteric agenda" for other options.
This looks like a draft that needs to be toned down and keep to the point on topic, fiat money is a ponzi and the federal reserve is the breaking the law and all US citizens civil rights. Then they would be taken more seriously.
So why don't we all get together on ZH and file the real lawsuit or treason against the FED and the banker cronies?? We got enough strong minds here to lay it out on the table for what it is to be taken serious. File it in multiple states until the media gets ahold of it. Anyone know any good pro-bono lawyers. I think the American people are entitled to compensation from the fraud through the banks, Trsy, FED, and Wall St.
- must read...
A short story by Mark TwainThe Facts In The Case Of The Great Beef Contract
http://www.readbookonline.net/readOnLine/1550/
The Fed? The Fed is an issue/problem for the American people, as old as the Republic itself, that will not be settled in a courtroom. One cannot fight an entity that owns the government, through government channels. The powers that lay claim to this nation, and its peoples, will not give up willingly or without a fight. I wish, no I pray for, a peaceful revolution in which these criminals and institutions are brought low by a societal vote of no confidence, a mass work strike/non participation movement paired with a list of demands.... but I feel sure that this is going to end in violence that will make anything in the 20th century seem quaint by comparison before events run their course. God be with us all.
OMFG--if only the whole country(minus all related parties to the defendants) could participate.
Tyler, this you might find interesting, since its coming directly from the mouth of Brazils finance minister:
http://www.lemonde.fr/depeches/2010/05/13/le-bresil-va-reduire-ses-depenses-pour-eviter-une-surchauffe_3234_439_42439408.html
China is no issue. There's tons of vacant industrial space in the United States. Kevin Carson has been prescient in laying the theoretical groundwork for a flexible manufacturing infrastructure here. The environmental lobby can be easily held off by lawyers and a brutal blackmail squad.
Just think of the US like a typical junta. They are holding no cards. All they have is their delusions about themselves.
I mean, if you've ever dealt with a typical Chinese official, you know that they have one MO - cover their own ass. They just have to fill in their report to their superior to avoid having their head chopped off or whatever.
Also, jeez-Louise bond analysts are fucking things up. They ought to be dedicated to undermining the regime rather than merely propping up their crappy little job. I mean, just turn the entire Midwest into Michigan. I'm sure the business owners would appreciate plummeting real estate values to allow for some redevelopment.
Please. Please. Please. And thank you Neil Allran et al.
this will be more valuable than an economics text-book in twenty years. it describes a fairly popular (and not implausible) perspective on what's going on right now. download, print, highlight and save in your liberty libraries.
there are some gems buried in the legalese. good stuff.
the question that their case seems to rest on is whether this mess was actually engineered and intentional, or was it pure incompetence driven opportunism.
Hope this get's accepted by the court. And then discovery will take place.
Updated DOW charts showing recent buying support:
http://www.zerohedge.com/forum/latest-market-outlook-0
http://stockmarket618.wordpress.com
Just one word:
ENDTHEFED