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Guest Post: Welcome to the United States of Orwell, Part 4: "Consumer Protection" Just Another Federal Reserve Power Grab

Tyler Durden's picture





 

Submitted by Charles Hugh Smith from Of Two Minds

Welcome to the United States of Orwell, Part 4: "Consumer Protection" Just Another Federal Reserve Power Grab

How to mask yet another Federal Reserve power grab? Call it "consumer protection."

This is truly Orwellian: the latest and greatest Executive Branch/Federal Reserve power grab is labeled "consumer protection." I am indebted to correspondent Jim S. who seems to be one of the few Americans to have actually sorted through this monstronsity and gleaned its true nature: an unprecedented extension of Executive (i.e. Imperial Presidency) and Federal Reserve power.

Let's start by recalling that the Federal Reserve is a consortium of private banks. Calling a private consortium of banks the "Federal Reserve" is the original Orwellian misdirection, for there is nothing "Federal" about the Federal Reserve. It is not a government agency.

Now guess who will fund and control this vast new bureaucracy of "consumer protection"? Yes, the private consortium known as the Federal Reserve. "The Consumer Financial Protection Bureau (CFPB) will be an independent unit located inside and funded by the United States Federal Reserve. It will write and enforce bank rules, conduct bank examinations, monitor and report on markets, as well as collect and track consumer complaints."

Since managing the money supply and interest rates is the ultimate "consumer protection," we can ask how well the Fed managed those tasks in the past 15 years: alas, their management has been catastrophic for the nation and the middle class, which has been gutted by their policies of serial bubble blowing, leveraged speculation and bank predation.

The very last private consortium any sane person would select to run a Consumer Financial Protection Bureau would be the privately owned parasites of the Federal Reserve. Doesn't the vast, sprawling bureaucracy of the Federal government already have agencies experienced in regulating consumer protection? Why do we "need" to consolidate all financial consumer data and regulation under the control of a non-government consortium that has amply proven itself to be the enabler and enforcer of institutionalized bank predation, embezzlement and fraud?

This is beyond bizarre. If we had to assign the task of protecting consumers to a privately owned consortium, then we'd be better off giving the task to IBM. But the bank-owned toadies in Congress handed all this power to the Federal Reserve. One wonders how it is legal that a private consortium now has power over all financial data in the U.S.

Here is Jim's summary:

You are more than familiar with the Shadow Banking System running parallel, black-box-like to the Federal Reserve System...no regulation, no accounting, notional hypothecation upon notional re-hypothecations accounting for leverages to the Moon, and in the end, essentially infinite debt.

 

The CFPB represents to me a complete, contained Shadow US Government System established by the Dems and the Fed right under our very noses. One of the profound things I have not completely conveyed is what I see as the invisibility cloak and impenetrable shield the CFPB has for total immunity from evaluation, oversight, attack, etc.

 

The CFPB is funded by the FED with any amount of money it asks for and is completely unaccountable as to how it uses it...unlimited funding. The CFPB is answerable to no entity regarding its deliberations, decisions with the full force of law, disclosure of agendas.

 

It will link through its fully unaccountable Director through established Executive Branch inter-agency councils and sub-councils to every agency and sub-agency it desires or any agency wishing to associate/link with the CFPB (e.g.IRS requests Director to have instant nanosecond access for behaviorial data collection on consumers via their formerly private credit card, bank, credit union, stock market and forex market and commodity market accounts....and, Director Cordray says in nanoseconds,....OK!)

 

Under the opaque umbrella of the CFPB, all Executive Agencies, formerly accountable to the Congress in some way, will become opaque to the Congress insofar as they are associated with the CFPB. Congress can request info from the CFPB, none has to be given at all.

 

The CFPB is an autonomous creature of the Federal Reserve, completely cloaking itself with total immunity from any Congressional controlling authority.

 

The establishment of a Shadow Government Executive Branch "coup" is a direct follow-up to Paulson's "gun to the head" of Congress in 2008 when the world was only hours from a Federal Reserve derivative originated financial crash. Congress capitulated with the initial $700B. and in the meanwhile the Fed has printed debt loans to the tune of $16T to fund the interest liabilities of short term derivative rollover and refinancing demands.

Jim also noted the dearth of mainstream media coverage of the CFPB, and suggested this story: Obama Creates Unconstitutional Monster.

“The CFPB director will have vast rulemaking, supervisory, investigative and enforcement powers and the authority to regulate any person or business that offers or sells a ‘financial product or service,” the Senate Republicans told Obama. “This authority will directly affect every American household by limiting their choices when purchasing financial products, restricting the availability of credit to consumers, and increasing the cost of goods or services purchased using credit.”

 

“Despite the vast power vested in the hands of the director, there are no effective checks on the director’s authority,” said Sen. Richard Shelby, the ranking Republican on Banking Committee.

 

“When you set up something that is outside the control of the elected branches, when you set up something that doesn’t require the appropriations by Congress to make sure they can continue their work only on the basis of their complying with the constitutional requirements, then you have essentially set up the potential for a rogue agency which does not have any controls and therefore you’re affecting the liberty of the people.”

The Dodd-Frank bill, like Obamacare, is tyranny by complexity. Who can plow through thousands of pages of these bills except those gaming the legislative process to their own advantage?

Consider the Glass-Steagall Act, at 37 pages in length, and the 2,319-page monstrosity of the “Dodd-Frank Wall Street Reform and Consumer Protection Act:" (Source)

Back in December, Nick Schulz helped put the size of the 2,074-page healthcare bill into some historical context by comparing its length to some previous bills that rank among the most consequential in U.S. history, like the 82-page Social Security Act of 1935 and the 74-page Civil Rights Act of 1964.

 

Now that Congress has passed the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” it might be a good time to compare the 2,319-page financial reform bill (245 pages longer than the healthcare bill) to the previous bills listed below (and see graph) that are considered among the most consequential legislative acts for banking and finance.

 

1. Federal Reserve Act (1913) – 31 pages.

 

2. Glass-Steagall Act (1933) – 37 pages.

Like everything else, this issue has been put through the partisan meat grinder. Everybody knows the banking sector owns Congress, but how it is even legal to grant extraordinary powers over the entire financial system to a private consortium without congressional oversight? It simply doesn't pass the most basic constitutional "sniff test."

The entire Dodd–Frank Wall Street Reform and Consumer Protection Act should be nullified as an unconstitional power grab. The asleep-at-the-wheel lackeys on the Supreme Court better wake up soon or democracy and "the will of the people" will be mere memories.

Thanks to Dodd-Frank, it boils down to this: whatever the Federal Reserve does with the data it collects from Federal government agencies is private and none of your business. Whatever financial actions you take that create a digital record is the now the Fed's business.

In case you have any doubts about where our "leadership" is taking us, please review these Assorted quotes by Fascists or about Fascism.

 


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Thu, 03/29/2012 - 14:25 | Link to Comment Pinto Currency
Pinto Currency's picture

 

 

The Fed - an institution owned by private banks - is going to protect consumers.  Nice.

Thu, 03/29/2012 - 14:31 | Link to Comment spiral_eyes
spiral_eyes's picture

In other news:

Wolves are to be empowered by the Obama administration to protect sheep, while foxes are being roped in to protect chicken coops. 

Thu, 03/29/2012 - 14:38 | Link to Comment CH1
CH1's picture

Let me try to say this succinctly...

Fuck the state. 

Fuck every state.

Fuck the position of "state."

Thu, 03/29/2012 - 14:41 | Link to Comment Doubleguns
Doubleguns's picture

The chicken coop has been turned into a butcher shop.

The foxes are simply asking the customers (bankers) how do you want your chicken cut up sir!!!

Thu, 03/29/2012 - 14:56 | Link to Comment Problem Is
Problem Is's picture

Banksters: "Fry that chicken up and serve it to me on a SILVER platter..."

Thu, 03/29/2012 - 18:01 | Link to Comment Doubleguns
Doubleguns's picture

The need 450 million bullets to kill 300 million americans because they are going to miss half the time.

Thu, 03/29/2012 - 20:31 | Link to Comment RussellChester8
RussellChester8's picture

my friend's sister makes $74/hr on the computer. She has been out of a job for seven months but last month her check was $17871 just working on the computer for a few hours. Read more on this site .... http://bit.ly/wYpMrv

Fri, 03/30/2012 - 12:17 | Link to Comment strayaway
strayaway's picture

On the computer? Does she lay backwards over it performing for geeks? Link to pictures?

Thu, 03/29/2012 - 14:33 | Link to Comment Gully Foyle
Gully Foyle's picture
"Consumer Protection"

Is not what you are talking about. You have conflated finance with protection from say flammable baby clothing.

Consumer protection in itself is a good thing because there are a shitload of dumb motherfuckers out there, like the people who killed their baby by feeding it only Soy milk.

 

Thu, 03/29/2012 - 14:58 | Link to Comment Pinto Currency
Pinto Currency's picture

 

 

Consumers need protection against the Fed's flammable currency and the Fed's shareholders' (the private banks) flammable financial products.

Thu, 03/29/2012 - 15:10 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Not you though.

Thu, 03/29/2012 - 15:44 | Link to Comment jcaz
jcaz's picture

It's called "Darwinism"-  let it work.....

Truly pathetic that people still think stupidity can be regulated and solved......

Thu, 03/29/2012 - 15:52 | Link to Comment Burnbright
Burnbright's picture

Your argument is that people need consumer protection from being dumb? Sorry idiot but you can't fix stupid. And by the way the court ruled in that case that the baby died to not being feed enough, which is rather obvious given that the baby only weighed 3 pounds at 6 weeks. 

Thu, 03/29/2012 - 15:54 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Gully Foyle said:

"Consumer Protection" Is not what you are talking about.

Indeed. However, the Consumer Endless Ass Raping Bureau didn't test that well in terms of warm and fuzzy in marketing focus group studies.

 

Thu, 03/29/2012 - 16:03 | Link to Comment themiestro
themiestro's picture

No, consumer protection is stupid because you wind up with people that can't take care of themselves.  DARWINISM RULES.  If government went by this law, our top five largest banks wouldn't exist today, oh sorry, CAPITALISM RULES.

Thu, 03/29/2012 - 17:55 | Link to Comment machineh
machineh's picture

'You have conflated finance with protection from say flammable baby clothing.'

No, YOU have. The agency is called the Consumer Financial Protection Bureau.

In other words, they don't regulate baby clothing. 

However, if you should experience any problem getting your sheeple suit back from the cleaners, do give them a call!

 


Thu, 03/29/2012 - 14:26 | Link to Comment espirit
espirit's picture

The 99% can't be trusted to handle their own monetary affairs.

There, fixed it.

Thu, 03/29/2012 - 14:34 | Link to Comment Gully Foyle
Gully Foyle's picture

espirit

"The 99% can't be trusted to handle their own monetary affairs."

That is true.

No one pointed a gun at anyones head and made them go into debt. No one forces people to overspend on cons like Organic food.

The 99% are dumb as a box of rocks and actually deserve to be where they are.

 

Thu, 03/29/2012 - 14:56 | Link to Comment pods
pods's picture

When a product is financialized, the price jumps up so high that it almost requires some form of credit to pay for it.

See college, housing, autos, etc.

pods

Thu, 03/29/2012 - 14:58 | Link to Comment Problem Is
Problem Is's picture

+1... Correct analysis...

Thu, 03/29/2012 - 15:11 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Not you though.

Thu, 03/29/2012 - 16:12 | Link to Comment Shigure
Shigure's picture

From the link at the bottom of the post:

“Education is dangerous - Every educated person is a future enemy”
-- Hermann Goering

Thu, 03/29/2012 - 17:22 | Link to Comment overbet
overbet's picture

Ok but where they are is costing me fucking money through government handouts and bailouts.

Thu, 03/29/2012 - 14:27 | Link to Comment Al Huxley
Al Huxley's picture

"Constitutional sniff test" - that's so quaint.  Wow, I can't believe the constitution is being ignored, when did that start to happen? If O didn't know better I might think that the people who own the system are running it exclusively for their own benefit.

Thu, 03/29/2012 - 14:38 | Link to Comment NotApplicable
NotApplicable's picture

I feel like I'm listening to some high-schooler who's just registered to vote for the first time.

'The asleep-at-the-wheel lackeys on the Supreme Court better wake up soon or democracy and "the will of the people" will be mere memories.'

As always, nothing but childish, wishful-thinking from a fuckin' brain-dead slave who knows better, but still cannot permit himself to accept the obvious truth staring him in the face.

It's funny that sometimes he gets it, but other times he plunges his head back into the sand trying desperately to make his perceptions align with his beliefs.

Oh well, if he ever does overcome his cognitive dissonance, it should be a hell of an article.

Take the red pill!

Thu, 03/29/2012 - 15:00 | Link to Comment AustriAnnie
AustriAnnie's picture

Very few people pay any attention to the corruption of the system and the theft of liberty that system has created.  Yet, even those who "get it" are still begging for someone inside the system to fix it.  

How depressing is it that those people who are most aware of our plight (the few of them that exist), are still seeking help from above?  When is it that people will understand that the people who created the problem are not the people who will create the solution? 

The supreme court is not "asleep at the wheel."  They have been placed there -- offered a position of power in exchange for their cooperation.

 

Thu, 03/29/2012 - 15:32 | Link to Comment pods
pods's picture

Well I think that many people do not want to admit reality.  Shit, people love hope.  Hope is like the salt you can put on a shitty meal.  Makes it a bit more palatable.

You will get lambasted for suggesting that a solution will not be found within this system.  

Because you are removing people's hope.

So people will continue to get flowers every four years from the spouse who beats them the day after they say they are sorry and it won't happen again.

It is in human nature.  And the people who run the show fully understand that.

pods

 

Thu, 03/29/2012 - 14:27 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Well they are in full-on "fuck you, try and stop us" mode now.

Thu, 03/29/2012 - 15:30 | Link to Comment Citxmech
Citxmech's picture

No wonder they folded on Elizabeth Warren's appointment so easily.

Thu, 03/29/2012 - 14:28 | Link to Comment KickIce
KickIce's picture

Create a crisis and then offer a solution, each time the noose tightens.  Actually, as of late they are more craming the solution down our throats. 

Thu, 03/29/2012 - 14:28 | Link to Comment NotApplicable
NotApplicable's picture

Bullish!

Thu, 03/29/2012 - 14:30 | Link to Comment lolmao500
lolmao500's picture

In the same area...

Shoot a civilian, get paid up to 500$ by the cop union.

http://www.google.com/hostednews/ap/article/ALeqM5gHPRjwnojExJi6tH3WZxiZ...

Albuquerque police officers involved in a rash of fatal shootings over the past two years were paid up to $500 under a union program that some have likened to a bounty system in a department with a culture that critics have long contended promotes brutality.

Shootings have increased 400% since this program has started... fucking corrupt pigs.

Thu, 03/29/2012 - 15:26 | Link to Comment 10mm
10mm's picture

I doubt killing someone for  500 bucks is going to create an incentive for a unjustified shooting.500 bucks will be for his/her booze habit because lots of booze will be swigged with the anxiety/depression.Heck,they could shake down a dealer without a shot fired.

Thu, 03/29/2012 - 18:20 | Link to Comment CH1
CH1's picture

No more benefit of the doubt for agents of the state.

I know one good cop. He gets the benefit of the doubt.. and ONLY him, because he earned it, and NOT because he wears a blue costume.

Thu, 03/29/2012 - 18:35 | Link to Comment 4horse
4horse's picture

NO DOUBT
yet NO ACTION

SHUT DOWN THE BANKERS

The Owners of the 12 Central Banks:
- Rothschild Bank of London
- Rothschild Bank of Berlin
- Lazard Brothers of Paris
- Israel Moses Seif Banks of Italy
- Warburg Bank of Amsterdam
- Warburg Bank of Hamburg
- Lehman Brothers of New York
- Kuhn Loeb Bank of New York
- Goldman, Schs of New York
- Chase Manhattan Bank of New York

 

NO ACTION

whether there are about 3003000 or 3000000 VERY POWERFUL__ individuals who Own The FED

http://whistleblowers.freehosting.net/federal_power.htm

 

SHUT THEM DOWN
   or
STFU

 

 

Thu, 03/29/2012 - 15:47 | Link to Comment TheGardener
TheGardener's picture

It`s an incentive, period

As I said before, gun ownership is granted to militias,
not to government thugs . Disarm belligerents.

Thu, 03/29/2012 - 16:12 | Link to Comment 10mm
10mm's picture

Alot,NOT ALL,of those Vets will join Police Dept's.That's what im concerned with.Fucked up minds getting passed thru the system because of Vet Status.

Thu, 03/29/2012 - 17:32 | Link to Comment Ripped Chunk
Ripped Chunk's picture

I hear the Saints are looking at a couple of these guys.......

Thu, 03/29/2012 - 14:30 | Link to Comment lolmao500
lolmao500's picture

Also...

TSA Manager Arrested for Running Prostitution Ring

http://www.myfoxdc.com/dpp/news/local/tsa-manager-arrested-for-running-p...

Surprised?

Thu, 03/29/2012 - 14:36 | Link to Comment Gully Foyle
Gully Foyle's picture

lolmao500

Two questions come to mind

1. Was he Black?

2. Were the ho's ugly?

Way I see it BIGOV just crushed the small minority business owner.


Thu, 03/29/2012 - 14:47 | Link to Comment lolmao500
lolmao500's picture

Way I see it BIGOV just crushed the small minority business owner.

Now that's funny.

Thu, 03/29/2012 - 18:56 | Link to Comment The Alarmist
The Alarmist's picture

Did he have the appropriate business licenses? Pay the Ho's minimum wage or better. Collect & remit appropriate withholdings (FITW, FICA, Medicare, SITW, other local taxes)? Comply with OSHA? Dispose of used sex materials IAW EPA regs? Pay taxes on his own income & divs? Do anything that these leeches require of the rest of us when we run a business?

Clearly he did not pay off the right people if he got caught.

Hope they at least remembered to use a fresh rubber glove when processing him into lockup, unlike what the TSA does when feeling the rest of us up.

Thu, 03/29/2012 - 15:13 | Link to Comment Ripped Chunk
Ripped Chunk's picture

No, none of these retards are screened for sex offender status.

Thu, 03/29/2012 - 16:00 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

No, none of these retards are screened for sex offender status.

No need to bother. If they weren't one when hired, they will be after a month on the job.

 

Thu, 03/29/2012 - 14:32 | Link to Comment Everybodys All ...
Everybodys All American's picture

that would explain the justification for the repeated "market saves" by the PPT.

Thu, 03/29/2012 - 14:39 | Link to Comment gjp
gjp's picture

Off and running again today.  Volume is dying and markets are levitating.  US decouples from the rest of the world again (note: only when the rest of the world is down).  You can set your watch to it.

Thu, 03/29/2012 - 14:33 | Link to Comment GeneMarchbanks
Thu, 03/29/2012 - 14:44 | Link to Comment Mercury
Mercury's picture

Almost all incremental government of the last...10? 20? years has been a liberty/"security" swap.

Obamacare, Homeland Security/TSA...a universal "climate change" authority is of course the Holy Grail.

Thu, 03/29/2012 - 14:36 | Link to Comment disabledvet
disabledvet's picture

"takes a fascist to know a fascist." is there anyone better to execute on a "cram down provision" than the Fed? Plus there is a contradiction in your argument: Imperial Presidency or Imperious Wall Street? Obviously there is only a...."minor clash of ego's"...between those two..."departments." And of course the Fed is located in Washington DC and is run by an...ahem..."academic" (oh, no!) yeah..."Ben Bernanke is Hitler"...(he may indeed be the Anti-Christ however....

Thu, 03/29/2012 - 14:37 | Link to Comment Cranios
Cranios's picture

Don't you actually mean the Orwellian States of America? That sounds better.

Thu, 03/29/2012 - 14:41 | Link to Comment q99x2
q99x2's picture

Hey the Feds can't even pay Egypt to take aid.

They are recognised worldwide as a criminal syndicate.

Long live the revolution.

Thu, 03/29/2012 - 14:42 | Link to Comment spooz
spooz's picture

Thank you for calling a fascist a fascist instead of the misleading "marxist" label that gets thrown around from time to time.  Either way you go in our corrupt two party system, the fascists win.  Its all about throwing the sheeple under the bus, either way you go.

Thu, 03/29/2012 - 14:49 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Comment + avatar = +1

Thu, 03/29/2012 - 14:45 | Link to Comment Kastorsky
Kastorsky's picture

This shit will not end untill bankers - shareholders of FED are hung.

By the neck.

Untill dead.

Thu, 03/29/2012 - 23:26 | Link to Comment Incubus
Incubus's picture

kill 'em slow, man.

 

let em get gangrene and keep 'em alive as they rot away.

Thu, 03/29/2012 - 14:45 | Link to Comment stirners_ghost
stirners_ghost's picture

Pull your head out, Chuck--the government is also a consortium of private individuals. Some of them have to buy votes and/or participate in the electioneered propaganda spectacle, while others don't. Your mind was lost to Orwellian mindfuckery long ago.

Thu, 03/29/2012 - 14:56 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

+1 for mindfuckery.

Thu, 03/29/2012 - 14:45 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Get over it, all the muppets belong to the banks. Did anyone really believe a muppet could make the rules for his owner?

Thu, 03/29/2012 - 14:51 | Link to Comment Problem Is
Problem Is's picture

FBI--NSA--Homeland Insecurity Definitions

You maybe a Domestic Terrorist IF:

  1. You know the Federal Reserve is NOT federal and has no reserves...
  2. You own Gold and/or Silver...
  3. You own firearms and affirm the 2nd Amendment...
  4. You know Cue-Bald Bennie the Bernank is a moron...
  5. You know Obama Bin Lyin' is a CIA creation, Wall Street puppet and Useful Idiot...
  6. You know Mitt is a baseball glove and Willard Romney is a corporate/hedge fund stooge...
  7. You know the only thing tight on Nancy Pelosi's body is that face lift...
Thu, 03/29/2012 - 14:50 | Link to Comment pods
pods's picture

Don't get mad.  Just walk away.

Neat thing about exponential functions, they collapse from their own weight.  Quicker if you walk away from the system.

pods

Thu, 03/29/2012 - 14:53 | Link to Comment Problem Is
Problem Is's picture

+1... Hear, hear...

Thu, 03/29/2012 - 17:46 | Link to Comment Money 4 Nothing
Money 4 Nothing's picture

Good brief Tyler, I think everything is becoming undone and were witnessing the beginning of a severe economical down turn right now. I just caught on Drudge Report that Best Buy is closing another 50 stores. Were crossing that Rubicon.

I think people are beginning to really ponder if they want to stay here in the good ole US of A or not. If what I'm posting below seems inappropriate, just erase it, but if you want to stay, I would like float a suggestion to those who would like to try and reclaim their Nation.

Very good advise for anyone who doesn't want to ride out this systematic tyranny and power grabs would be to leave the USA. Or if you decide to stay, I suggest to get alligned with a reputable, established Patriot Movement especially if you have a related skill set, or if your interested in recieving proper training. A word of caution before hand, it's not for everyone. You will be listed on an FBI / DHS watch list once word or electronic trail finds you involved. It could negatively impact your social, private and profesional life. Heed caution.

 SHTF is comming.

http://publicintelligence.net/joint-special-operations-university-report-on-convergence-of-special-forces-and-civilian-law-enforcement/

http://publicintelligence.net/u-s-army-domestic-quick-reaction-force-riot-control-training-photos/

Search: Reynolds Airport in Florida.  

First, this is not an “Air Force Base” — it is a PRIVATELY OWNED FACILITY known as “Reynolds Airpark” a private Airport and “manufacturing facility”. A Mr. Ted McGowan is the manager — and their phone number is: 904-284-3505. Second, these are not “U.N. Vehicles”. These white vans belong to Pegasus International and Cerberus/DynCorp.

“Reynolds Airpark” is listed in the Clay County Fla. plat/tax rolls as being wholly owned by a company named Pegasus International. Ok, I thought, what exactly is “Pegasus International” and what exactly do they do?? Well — among other things, they just happen to be involved in the OIL DRILLING BUSINESS — with ties to Halliburton and BRITISH PETROLEUM!!! What the hell??? See their website at: pegasus-international.com

Then, of all things, they just happen to have an office in Salt Lake City, Utah. Here is where the plot thickens. Their SLC office also houses Dick Cheney’s Halliburton, and is next to the Minerals Management Service (MMS) offices. Worse, their U.K. office “address” is next door to (or possibly even a part of) British Petroleum as well. What is going on?? They also have “offices” in Turkmenistan, Nigeria, and Azerbijan — hotbeds of political intrigue and profiteering for BP. See universalpegasus.com

But — it gets worse, if possible. “Pegasus International” owns and operates Pegasus Technologies — which is involved in a neat little NSA/CIA operation titled the “Information Sharing Council” or ISC. Their “unclassified” 2006 report can be seen here (pdf). A careful reading of this document shows that part of the “Pegasus Program” is the deployment of thousands of vehicles across America, outfitted with domestic spying “Maximum Information Technology” (MaxIT) systems. MaxIT is a joint venture of the following companies: Appriss Inc., Bio-Key International, Inc., Business Communications Inc., Circadence Corporation, Cquay Technologies, Dell, eLabs Inc., MS e-Center and Sun Microsystems. (See 12/12/03 report here)

When I studied DynCorp International, I found that DynCorp and Pegasus International are basically joined at the hips with many international “joint projects”. There is NO DOUBT in my mind that DynCorp, and Pegasus are CIA FRONT COMPANIES involved in the deepest black ops. (See NanoTech expose in “Dr. Ott’s Papers” here.)

Also, check this out. Dyncorp Int. was “purchased” back on April 12 by Cerberus Capital, and the “deal” was brokered by, you guessed it, Goldman Sachs who SHORTED TRANSOCEAN STOCKS on April 17, three days before the Gulf Oil debacle began.

Thu, 03/29/2012 - 15:26 | Link to Comment Misean
Misean's picture

"democracy and "the will of the people" will be mere memories."

Will be??!??!?/!

democracy and "the will of the people" ARE LONG FORGOTTEN memories, AND MOSTLY MYTH TO BEGIN WITH.

Fixed it for ya...

Thu, 03/29/2012 - 18:33 | Link to Comment CH1
CH1's picture

Democracy = Tyranny over the minority.

Thu, 03/29/2012 - 15:36 | Link to Comment falak pema
falak pema's picture

the age of social networks..sign of the times and in a decrepit world the new families of tomorrow : 

involuta

 

The living contradiction of US society today : the most innovative society and the most retrograde society. Think about that. Which trend will win...the bucks are all lined up behind the 1%, those who want to be creative  but feed the debt clock but only fuel its ferocious, never ending needs...what a laff! Total schizophrenia! 

Where is the inoovative USA? Is it just part of the Titanic crew, Apple and Foxconn scam...where innovation feeds the Oligarchy creed? What a come down!

Thu, 03/29/2012 - 15:30 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Just keep moving the goalposts away from the State's rights and voters.

Whats so complicated about that?

Of course it is what the Founders cautioned against. They knew of these type of people back then.

Thu, 03/29/2012 - 15:35 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

jim's a pretty smart cookie!

yes, the doddFrankLaw to "fix" things gave a shitload of new oversight and regulatory powers to the FED and the benzelbub, more precisely

not just over consumer finance, though, over just about all finance!  the congo+prez delegated it to the fukingBanksters;  years ago, too!

so the FED gets the data feeds on everything and the chairsatan and his staffs of thousands and his subsidiaries and his straw men and his double-agents are what keeps the Treasury "safe"

imo, the Treasury is line, the FED is staff

i may be dead wrong, since we can only guess, but this makes the most sense to me

this is the event, legally and structurally, which establishes americanCentralPlanningTM in a now-politically guided (not controlled, of course) FED for "political reasons; reasons of control"

the FED and its corpoate agents and the T and its "agents" control more "flow-info" than we could imagine except perhaps by a superior effort on our parts, given modern bidding and trading operations, bankstering, and communications

also, even tho EZ bonds/CDS were involved/caused MFG's problemo's, and theMorgue seems involved "collaterally", you can take it to the fukingBank that neither the FED nor the T will even be mentioned regarding this.  the SEC and the CFTF have absolutely nothing to do with either the FED or the Treasury, organizationally

fire-walled, we might say, as is the T from the FED, at least on paper...  which is why we have all the auctions and reports and stonewalling and secrecy in some respects, to re-inforce the "sacredness" of these two wunnerful1, wunnerful2 institutions...

now, we'll see what the BRICS decide @ their summit in newDelhi about how to deal with this "new" american strategic bankstering and political profile

no matter what is reported and "spun" and no disrespct to BC&S, it would seem that china & russia might be the "deciders" at the "summit" which we have been led to believe will focus on...bankstering?...can that be right?  yes!  the rumor has been very-fried! 

maybe any problems have already been resolved...  3 carriers...

popcornSummitBrinkzperson-ship

3 carriers, BiCheZ!  but this is not about bankstering and currencies

trust me!   Hahahaha!

Thu, 03/29/2012 - 15:55 | Link to Comment Reptil
Reptil's picture

SO..... WHERE IS ELIZABETH WARREN ?????????
https://www.youtube.com/watch?v=akVL7QY0S8A (skip to 6:22 minutes in)

This use new "Ministry of Consumer Protection" is correctly identified as a control mechanism.
In a fascist dictarorship whatever the ministry of "..." says, is the polar opposite of reality. This is what George Orwell meant with "Newspeak" in "1984".
This disconnect in plain sight is actually a very powerful psychological tool, to disconnect the masses from firm footing (in facts) and confuse, but in such a way that there's a hint of truth in it. (So the hopelessly uninformed first and later educated will buy it. Since they both trust what's being spoonfed to them.) The ones that do get the true meaning will be demoralised because of the apparent foolishness of the majority that will put this into their vocabulairy, just as "socialism" and "liberalism" have lost their original meaning in the North American cultural hemisphere.

It's like herding panicked livestock towards the fire, instead of away of it. AND WE'RE ALL SUBJECT TO IT, ONE WAY OR ANOTHER.

See also Fukushima. Instead of containing the radiation, by trying to isolate it from the biotope, they're actually distributing it. Or... .War is Peace", waste is nutricious, etc.. Something simular is happening here with food, and naturally occurring medicinal herbs. Instead of educating and encouraging the population to take notice, the EU has actually banned the unregulated sale of these "scientifically unproven" herbs and substances, criminalising them effectively.

So.... ladies and gentlefolk: THE CONSUMER FINANCIAL EXTORTION BUREAU. And since you yanks love acronisms: The CFEB is born. :-)

Thu, 03/29/2012 - 15:40 | Link to Comment Crash2012
Crash2012's picture

My favorite part is how they are going to 'enforce' their 'laws'!

 

Since they cannot actually direct any federal or local law enforcement to do anything, the plan is for them to go to court and sue anyone they simply decide is in violation of their 'laws'.  This is why they placed a premium on having a prosecutorial zealot in charge of this mechanism.

 

Of course, the Fed is limited in how much money they can spend in legal proceedings.  They cannot exceed the budget of the federal reserve system. The last report I saw had this number north of 20 billion in transfer payments the Fed is making to the treasury on all those treasury notes they are holding.

 

Why do I suspect the first time they try to exercise this power, there is going to be one heck of a legal bill paid for by US taxpayers?

Thu, 03/29/2012 - 15:46 | Link to Comment AchtungAffen
AchtungAffen's picture

I call this BULLSHIT. If you're comparing Elizabeth Warren with Ben Bernanke or Lloyd Blankfeinf, YOU'RE FULL OF SHIT. Sorry. The ONLY REASON why the consumer protection agency ended up in the Fed is BECAUSE THEY DIDN'T WANT IT TO BE EFFECTIVE. And by "they" I'm talking about Bernanke, Blankfein, et al.

If there's one thing I hate of Charlie Smith is his blind ideology. He sounds like a Libertarian Taliban sometimes.

Thu, 03/29/2012 - 15:58 | Link to Comment Reptil
Reptil's picture

The propaganda has been very effective. Got to give "them" credit for that.

Thu, 03/29/2012 - 22:26 | Link to Comment malek
malek's picture

Did you read a different article than I did? Where did Charles H. Smith compare Elizabeth Warren with Ben Bernanke or Lloyd Blankfein??

Thu, 03/29/2012 - 15:51 | Link to Comment Sleepless Knight
Sleepless Knight's picture

How many Monkeys can the put on our backs? I have a whole fucking troop now. But I must say, my hair looks great - little knit pickers.

Thu, 03/29/2012 - 16:30 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture

I realize this will be an unpopular assessment but reading Bernanke's eyes and the cadence of his speech I get the distinct impression that HE IS a terrified hostage.

Thu, 03/29/2012 - 16:43 | Link to Comment Zero Govt
Zero Govt's picture

i've noticed the same too.. Bens' lost that cocky glint in his eyes, they've gone stone cold dead and souless

i think he's realising his place in history, knows he has no way out because the Club of which he's a member are deranged and take no prisoners n their deathly ambition for ever more power and destructive greed for ever more of other peoples money

Benny knows he's going down as one of Americas greatest villans

Thu, 03/29/2012 - 18:20 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture

yep...no way that intellectual dweeb pauper is in control of anything more than what he wears each day.

 

as they say history is written by the victors and Ben is merely a capo.

Thu, 03/29/2012 - 16:46 | Link to Comment Zero Govt
Zero Govt's picture

Excellent article

Because America sees itself as the formost global power, like the Roman Empire, it will crumble in the most rotten and corrupt way possible

The destructive parasitical Roman elite bled their country dry, turned farmers (the main source of wealth) into debt/tax slaves ..when Italians escaped the tyranny (over 70% of Romans left for freedom elsewhere) the Roman parasites brought in slaves to work the farmsteds so they could be bled for their greed and sloth

that's where America is headed with natiuonal, State and local Govts and the IRS treating citizens as little more than tax slaves (even if you've long left the USA) to be bled or just plain robbed with State intimidation.. history is repeating

You (do) have a choice, you (do) have the power to stop this:

Stop Paying Your Taxes (don't feed the parasites)

Thu, 03/29/2012 - 17:35 | Link to Comment FreeNewEnergy
FreeNewEnergy's picture

I just wanted to insert my comment between Zero Govt's final line and Richard Head's excellent idea.

Do Both Quietly.

That is all.

Thu, 03/29/2012 - 17:09 | Link to Comment Richard Head
Richard Head's picture

Hang Bernanke.

Thu, 03/29/2012 - 17:40 | Link to Comment Ripped Chunk
Ripped Chunk's picture

Banks continue to maraud over all unrestrained

Fri, 03/30/2012 - 01:36 | Link to Comment nah
nah's picture

so its good news

Fri, 03/30/2012 - 06:06 | Link to Comment kookaburralaugh
kookaburralaugh's picture

So, US citizens (and I disclose I'm not one - as if you hadn't guessed); can you expose the gestation of this legislation? Who first proposed it? Who supported it? Who lobbied for it? Which Senators/Congressmen/women voted for it? Who is going to really benefit from it? Is it a dictat that even needed a vote under whatever "rules" pass for "democracy" in the (as I've seen it referred to on ZH) USSA? Can you invoke FOI here? Wikileaks even? Where's the investigative spirit and guts that are needed here? Can you get it going? Aren't ZH-ers exactly the kind of people who will dig into and expose this sort of government subversion? Aren't you rebels? The grass roots of the 'American Spring'? 

You need to name names; and make sure they're published so the "sheeple" know who exactly is selling their souls down the river... get this stuff out in the open - and then see how the pollies scramble to save themselves, and maybe even dump the idea if it proves to be so voter-toxic. A bit like SOPA?

Single-issue politics works: give it a go. It's in your Constitutional DNA... don't let the bastards grind you down.

(The only remotely laughable thing about this is that I will now be immediately placed on some TSA/DHS terrorist watchlist - I don't think I'll be visiting you guys anytime soon... but then again, given the guy in NZ recently, it doesn't seem like I have to http://news.yahoo.com/us-internet-piracy-case-brings-zealand-arrests-062725959.html

Wait - there's a knock at the door... be right back.

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