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Mike Krieger Explains Central Planning for Dummies

Tyler Durden's picture




 

From Mike Krieger of KAM LP

The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations.

Each central bank... sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.
- Carroll Quigley (Bill Clinton’s mentor at Georgetown) from his 1964 book Tragedy and Hope

Crime Once Exposed Has no Refuge but in Audacity.
- Tacitus

Central Planning for Dummies: There Will Be QE

For several years now I have been sounding the alarm that if you want to be engaged in the financial markets you need to assume that markets are being managed (rigged) more aggressively than at any moment in any of our lives.  The Bernank and others on Wall Street and the District of Criminals understand that the situation is pretty much hopeless.  Ever since 2008 they have had one strategy.  From a monetary and fiscal standpoint, that strategy has been to pump massive amounts of liquidity into the system while at the same time borrow enormous amounts of money.  The thinking was that this would stabilize the situation, create confidence and thus ultimately a dynamic sustainable recovery.  They certainly bought a few years with this plan but confidence has not returned, nor has there been any sustainable recovery.  What we need to understand at the moment is that The Bernank and all of his fellow Keynesian Central Planning magicians know that they have failed.  This is why he is running around on college campuses presenting his sad and intellectually dishonest presentation of propaganda that even a six year old could refute.  In fact several people have done just that.  Here is one good article on it.  http://www.zerohedge.com/news/guest-post-open-letter-ben-bernanke.  Moreover, Jim Grant recently gave an incredible speech at the belly of the beast itself -The New York Federal Reserve –where he completely undresses the Fed right to their face.  You must read this one.  http://www.zerohedge.com/news/must-read-jim-grant-crucifies-fed-explains-why-gold-standard-best-option

So what we need to understand is that we are in one of the most dangerous phases of this crisis at the moment.  The priests of fiat are being attacked from all sides.  People have awoken to the Fed and how criminal and deceitful this organization is and the existential threat it poses to economic freedom and hence human liberty.  The arguments against the Fed are blistering and the only rebuttal the Fed has is to spout the same old nonsense like “we saved the world” or some trite derivative of this fallacy.  The only thing they saved are untalented speculators from their bad bets.  What the Fed has systematically done is literally transfer all of the bad debts and bets from the banks to the taxpayer.  We are living this reality to this day.  This fact is becoming increasingly understood throughout society, hence the emergence of the tea party and then last year’s Occupy Wall Street movement.  So the thing I want my readers to really internalize is that the Fed and indeed TPTB generally are getting slaughtered in the intellectual arena and they know it.  As a result, they feel cornered and will thus act increasingly aggressive to prove they are right and everyone else is wrong. 

As I have said many, many times before, The Bernank needs to create more money and he knows it.  He is irate beyond belief that his academic theories have not worked.  He is furious that he can’t make the housing market come back to life.  He is having a temper tantrum that people actually have the nerve to link printing trillions of dollars to the rise in commodity prices.  He wants to launch QE3 this quarter but he feels like public opinion is against him (he’s right) and Obama is having his own little panic attack about gasoline prices and the election.  So what’s a Central Planner to do?  Well, exactly what they have been doing as of late.  Lie.
 
The release of Tuesday’s Fed minutes was unlike any I have witnessed before.  The Fed minutes are usually interesting to read through and every now and again have some very useful nuggets in them.  That said, I have never seen them used as a way to make a statement and impact markets as was the case with the latest release.  As soon as it came out there was the red Bloomberg headline “FOMC Saw No Need to Ease Anew Unless Growth Slows, Minutes Show.”  After this came out the markets sold off but in particular gold was raided aggressively.  I had noticed the weakness in mining shares in the morning (which is almost always a signal a raid is coming) and I mentioned this to a few friends.  There is no way in a free market I could have foreseen this raid so easily.  The reason I could see it ahead of time is because this was a very well orchestrated attack on an asset TPTB are desperately afraid of.  Gold to Central Bankers is like Sunlight to Vampires. 

What I found most interesting is that several people seemed confused.  I read statements like “ I don’t know why the markets reacted this way, they said nothing new!”  The markets reacted the way they did because that was what the Central Planners wanted.  I mean who “reacted” that way to the minutes?  A few PPT machines? There is no volume in the markets, retail is dumping stocks week after week and prices are being set at the margin by manipulators in a futile attempt to bolster confidence (hasn’t worked in four years so they are doubling down on the strategy of course!)  Despite the nonsense they say about not needing to do QE3 because the economy is better, the exact opposite is true and they know it.  They also know the minute they announce anything gold, silver, oil and other commodities will surge to the stratosphere.  That said, the goal is to try anything they can to get oil and precious metals as depressed as possible ahead of the announcement.  That is what the Fed minutes announcement operation was all about.  While they have knocked precious metals down, oil is proving to be a much harder nut to crack.  This is very interesting because it appears that these clowns have gotten as much mileage as they can out of the “we don’t need more stimulus” lie.  What will they come up with next?  I don’t know but I do know that the Federal Reserve and TPTB understand they are fighting for their lives and their survival.  They will pull out any and every trick in the book before they die.  The more cornered they have become they more aggressively they have acted.  Watching the most powerful people on the planet fight their inevitable demise has been and will continue to be fascinating and frustrating.  They will fight and fight.  They will rig and rig.  They will lie and lie.  Until one day the whole thing will end seemingly overnight.  They will vanish into history, disgraced and remembered for time immemorial as some of the biggest fools in world history.

Dave Janda Interview       

Recently I recorded another radio interview with Dr. Dave Janda out of Michigan.  Dave is one of the most tireless freedom fighters I have ever encountered.  He has been doing it all of his adult life and I am very proud to be in the trenches with him during the most important battle of any of our lives.  You can hear my interview here.  http://www.davejanda.com/audio/MichaelKreiger032512.mp3  Please take a listen.

Belligerent Act.Org

A friend of mine recently created this website to help protest the NDAA and get the word out http://belligerentact.org/.  Not only is it a good summary of how TPTB are attempting to put a police state in place ahead of the increased rebellion they know is coming once a critical mass of the citizenry get a handle on just how badly they have been systematically looted by the crony capitalist mafia, but it also allows you to put a “Belligerent Act” banner at the top of your website as a sign of support and means of getting the word out.

Owe The IRS?  Bill Would Suspend Passport Rights For Delinquent Taxpayers  

I want to end with a very short but very telling article regarding the potential loss of travel privledges at the hands of the IRS.  Here are some key quotes:

A bill authored by a Southland lawmaker that could potentially allow the federal government to prevent any Americans who owe back taxes from traveling outside the U.S. is one step closer to becoming law. Senate Bill 1813 was introduced back in November by Senator Barbara Boxer (D-Los Angeles) to “reauthorize Federal-aid highway and highway safety construction programs, and for other purposes”.

However, there does not appear to be any specific language requiring a taxpayer to be charged with tax evasion or any other crime in order to have their passport revoked or limited — only that a notice of lien or levy has been filed by the IRS.

http://losangeles.cbslocal.com/2012/04/04/owe-the-irs-bill-would-suspend-passport-travel-rights-for-delinquent-taxpayers/

Hmmmm, interesting isn’t it.  You don’t need to be charged!  All that needs to happen is a notice filed.  Just like the NDAA allows the government to imprison you without a trial.  Just like the recent executive order Obama signed that allows him to take over the entire economy in any “emergency” whether in peacetime or war.  The bottom line is this.  This sort of legislation doesn’t happen ahead of an economic recovery.  It happens ahead of a collapse.  Welcome to the recovery! 

 

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Thu, 04/05/2012 - 16:06 | 2320310 BrokeDayTrader
BrokeDayTrader's picture

I'm conviced the Fed is buying Apple, Starbucks, Lululemon, Chipotle every day as if the life and death of our financial system was dependent upon these 5 stocks making new highs every day for the rest of 2012.

Where is Kreiger's explanation for that?

Somebody better give me a freaking answer otherwise I'm going to freaking lose it all and may end up filing bankruptcy this year.

Thu, 04/05/2012 - 16:17 | 2320348 Pladizow
Pladizow's picture

"It is dangerous to be right when the government is wrong" - Voltaire

Thu, 04/05/2012 - 16:58 | 2320463 Manthong
Manthong's picture

"They will pull out any and every trick in the book before they die"

It you were impressed by the trained seals, whales and dolphins at Sea World, wait till you see the Seals, carriers and minesweepers in Persia.

And come to think of it, there may be dolphins at that stunt show, too.

http://www.theatlanticwire.com/global/2012/01/militarys-weapon-against-iranian-mines-high-tech-dolphins/47384/

Thu, 04/05/2012 - 18:21 | 2320689 NotApplicable
NotApplicable's picture

"What the Fed has systematically done is literally transfer all of the bad debts and bets from the banks to the taxpayer.  We are living this reality to this day."

This statement can never be repeated enough (although it should say "dollar holder" rather than "taxpayer"). It needs to be inserted into EVERY conversation until it is understood by all.

Thu, 04/05/2012 - 18:33 | 2320708 BW
BW's picture

All the bank loses are being transferred to the dollar.  That's why the market is going up, because the dollar is crashing.  The more bank loses the higher the stock market, nominally. 

Thu, 04/05/2012 - 19:35 | 2320831 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Buy Silver - Crash Blythe Masters' Empire of Lies

Thu, 04/05/2012 - 20:23 | 2320910 DeadFinks
DeadFinks's picture

The dollar is a bad debt.

Thu, 04/05/2012 - 20:29 | 2320927 Caviar Emptor
Caviar Emptor's picture

I will buy Lululemmin with half of my pay check every month for the rest of my life! 

Thu, 04/05/2012 - 20:37 | 2320946 macholatte
macholatte's picture

Being depressed will limit your ability to think clearly.

Here we have a man who shot himself instead of a political leader or banker or stock broker or union official or anybody even remotely connected with the source of his dilema.

 

 

 

Violent protests erupt in Athens over debt suicide

http://www.telegraph.co.uk/finance/financialcrisis/9187738/Violent-protests-erupt-in-Athens-over-debt-suicide.html

 

Gun Control means Using Both Hands

http://www.itstactical.com/warcom/firearms/gun-control-means-using-both-hands/

 

 

Thu, 04/05/2012 - 23:38 | 2321264 SAT 800
SAT 800's picture

A person who is "depressed"; never learned to think clearly in the first place. There is no subsititute for studying plane geometry when  you're 13 and understanding the relationship between the axioms and the proofs. None. Nlo-one alive today knows how to think; this is basically true.

Thu, 04/05/2012 - 23:40 | 2321269 SAT 800
SAT 800's picture

Yes, this simplification expresses the reality of the situation. I usually try to elucidate it for the people, by saying that the bondholding class are being made whole at the expense of the taxpaying class. Class warfare is alive and well; and they are winning.

Thu, 04/05/2012 - 19:15 | 2320789 Straying from t...
Straying from the flock's picture

A fitting quote.  The end of the paper ponzi scheme is in sight.  The smoke from the printers and servers are causing a comotion above the Federal Reserve.  Something must be done to draw attention from all of the printing.  Que the teleprompter reading idiot.

Come and read what I told my friends I am doing to prepare my family for the coming storm:

http://strayingfromtheflock.org/2012/04/05/an-open-letter-to-my-friends/

Thu, 04/05/2012 - 19:31 | 2320820 resurger
resurger's picture

a nice fucking statement ...

+1

Thu, 04/05/2012 - 20:34 | 2320931 Max Fischer
Max Fischer's picture

 

 

Please watch your language.  Not everyone here is a barnyard libertarian.

Max Fischer, Civis Mundi

Thu, 04/05/2012 - 20:35 | 2320937 vast-dom
vast-dom's picture

Return back to your facile shit flick. That lowgrade comedy ain't cutesy in Tyler's house.

Thu, 04/05/2012 - 23:17 | 2321241 Bansters-in-my-...
Bansters-in-my- feces's picture

Max Fischer...

Fuck Off.

Me.

Fri, 04/06/2012 - 04:44 | 2321496 TheFourthStooge-ing
TheFourthStooge-ing's picture

Max Fischer, fuck your face in the ass.

 

Thu, 04/05/2012 - 20:34 | 2320933 vast-dom
vast-dom's picture

Nice one.

This article and all policies cited are essential inversion and subversion of "innocent until proven quilty."

These laws are wholly illegal.

These laws cannot be laws if one was to reference US constitution.

Shame not on the prez, bernank and elected reps, but shame on the people all of these criminals allegedly serve more at enslave. We deserve what we get at this stage of the game.

Thu, 04/05/2012 - 20:46 | 2320965 El Oregonian
El Oregonian's picture

"Intellectuals solve problems; geniuses prevent them" -Albert Einstein

Thu, 04/05/2012 - 23:12 | 2321235 SAT 800
SAT 800's picture

This is a false quotation. It is enough to do your homework, and to understand basic logic and think clearly; genius is not necessary; although speaking for myself, as I am a genius, I must suppose it is useful.

Thu, 04/05/2012 - 16:23 | 2320367 duo
duo's picture

Did JCP get a pop from laying off 600 at HQ today?

Thu, 04/05/2012 - 16:26 | 2320378 gjp
gjp's picture

It's fucking insane, really.  Don't forget Whole Foods and Home Depot too.  Because we will all be saved by overpriced stocks catering to Americans' self-indulgence.

Thu, 04/05/2012 - 19:26 | 2320808 I think I need ...
I think I need to buy a gun's picture

Doesn't your local gas price go up everyday too? Well when you debotch the currency of course stocks go up....Stock aren't overpriced the currency buys less and less everyday of REAL things paper can go up nominally and the fix is in on gold and silver right now so actually they have us bent over unless of course you have bought barrels of oil and have a refinery in the back yard then you are AHEAD!!!!!!!!!!!!!!!

Thu, 04/05/2012 - 23:13 | 2321236 SAT 800
SAT 800's picture

In Zimbabwe the stock market evaluations went up something like 33,000%; but this was of now use to the people stuck in Zimbabwe Dollars. Live and learn. Or, don't.

Thu, 04/05/2012 - 16:31 | 2320392 MFL8240
MFL8240's picture

They would have to be because no person of sound mind would buy the stock of a computer maker for $600 a share.

Thu, 04/05/2012 - 16:42 | 2320407 DormRoom
DormRoom's picture

"the markets can stay irrational longer than you can stay solvent" --Keynes.

 

remember, the NASDAQ bubble.  Your analysis is right, but the timing is off. bubbles popping are hard to time.  Ask Alan Greenspan.

 

Even GRPN with its failed business model still isn't a 0.  And LinkedIn with a P/E of 800? Nothing pisses me off more than the web 2.0 bubble not popping. Its existence is an affront to the rational mind.

Thu, 04/05/2012 - 19:36 | 2320834 Rainman
Rainman's picture

" Crime once exposed has no refuge but audacity "...Tacitus

Brilliant and cunning....handed down through generations

Thu, 04/05/2012 - 22:25 | 2321175 rosiescenario
rosiescenario's picture

A cornered rat will fight.

Thu, 04/05/2012 - 23:32 | 2321260 SAT 800
SAT 800's picture

Unless it dies/

Thu, 04/05/2012 - 23:15 | 2321239 SAT 800
SAT 800's picture

The rational mind; as mine has, would already have taken profits on this foolishness, and would not be further concerned with it. Timing, Timing, and Timing; the only three things that matter.

Thu, 04/05/2012 - 19:31 | 2320815 resurger
resurger's picture

"But if you like technology, why dont you buy AAPL" Dr. Paul Krugman

Thu, 04/05/2012 - 22:12 | 2321161 devilsindetails
devilsindetails's picture

Silver 500, bitchezzzz. $ilver 500... :: snorrrrtttt :::

Thu, 04/05/2012 - 23:20 | 2321249 SAT 800
SAT 800's picture

You have never in your life met a silver bull llike me; in 2000 I put all my investable capital in Silver Bullion. Only to see a two year bottom that resulted in Silver selling for the same price it had in 2000; in 20001. No matter. I perservered. Of course, I sold everthything; the various metric tonnes, at $46/once; since, this was easy to project as an equilibirum price. At the present moment; no-one knows whether silver will sell for $50plus; or 20$; no one. Including me. It depends, not on statistics, and certainly not on your false and laughable theory of manipulation, on public opionion. Which way the hive mind will go is anyone's guess. Do not imagine tht you know the answer; because you do not.

Thu, 04/05/2012 - 23:09 | 2321231 SAT 800
SAT 800's picture

The only way you can lose anything; much less, everything; in any major equity market, is to fail to fave a stop loss order. This is your personnal failure. It is not realted to any government, or private, manipulations. the failure to understand this, is the equivallent of a six year old trying to ride their tri-cycle across the interstate, without harm. It isn't likely. Wake up and learn about speculating in major equity markets; it can be fun; I've made over 70% net this calendar year and am now out of the market; I will spend the rest of the year playing golf and fishing. There's no use making more money for the Washinton Idiots to flush down a black hole. Do your homework.

Thu, 04/05/2012 - 23:43 | 2321272 SAT 800
SAT 800's picture

They are not. This is an illusion caused by your desperate need to avoid the simple fact that you were, and are, wrong. Learning to be wrong and cutting off your losses is the beginning of success. Making up fairy-tales to justify your losses is the beginning of poverty.

Thu, 04/05/2012 - 16:11 | 2320319 Gully Foyle
Gully Foyle's picture

Sorry to change the subject for a bit.

I just read this

http://www.heraldsun.com.au/technology/sci-tech/russia-working-on-electr...

Russia working on electromagnetic radiation guns

This paragraph stands out

"Mr Serdyukov said the weaponry based on new physics principles - direct-energy weapons, geophysical weapons, wave-energy weapons, genetic weapons and psychotronic weapons - were part of the state arms procurement program for 2011-2020."

Are the Russians claiming they tested geophysical weapons? The kind that cause earthquakes? The kind like HAARP?

GENETIC WEAPONS! Holy Fuck!

Any big brains want to offer up an opinion?

Thank you.

Now back to your regularly scheduled topic.

 

 

Thu, 04/05/2012 - 16:20 | 2320355 SheepDog-One
SheepDog-One's picture

The way I heard this 'gun' works is it turns you into a fuktard, basically a lobotomy gun for anyone daring to get uppity with the slavemaster overlords.

Thu, 04/05/2012 - 16:35 | 2320403 idea_hamster
idea_hamster's picture

turns you into a fuktard, basically a lobotomy gun

Good to know there's no risk to our government employees in the event of friendly fire....

Thu, 04/05/2012 - 18:26 | 2320696 NotApplicable
NotApplicable's picture

Think of the money it will save not having to put "point other direction" stickers on them!

Thu, 04/05/2012 - 20:34 | 2320936 azzhatter
azzhatter's picture

wonder what it does if you're already a fuktard

Thu, 04/05/2012 - 16:36 | 2320408 cossack55
cossack55's picture

So.......your saying the Russkies have been testing it on the US Capital Building for the last 50 years?

Thu, 04/05/2012 - 21:33 | 2321077 lakecity55
lakecity55's picture

...so that's how Zero got elected!

Thu, 04/05/2012 - 22:27 | 2321182 rosiescenario
rosiescenario's picture

.....so if it were used on our elected officials, nothing would happen?

Fri, 04/06/2012 - 05:13 | 2321504 The Navigator
The Navigator's picture

Then it's already been used because 99% of the sheeple have been fucktarded.

Thu, 04/05/2012 - 16:20 | 2320357 john39
john39's picture

the U.S. government has developed every type of weapon imaginable, why shouldn't the Russians.  The U.S. government has been caught testing biological and radiological weapons on its own citizens.  If I were you, I wouldn't sweat what the Russians doing, its bush league compared with satan's bulldog.

Thu, 04/05/2012 - 18:27 | 2320698 NotApplicable
NotApplicable's picture

It's likely the same weapons developers.

Thu, 04/05/2012 - 18:51 | 2320753 UP Forester
UP Forester's picture

Yeah, DARPA.  They just e-mail the instructions over to Moscow.

No need to bring the actual paperwork like Clinton and W with the NKs and Chinese, or letting the Israelis walk out of Los Alamos with 20 kg of plutonium....

Thu, 04/05/2012 - 17:06 | 2320486 blu
blu's picture

weaponry based on new physics principles

I don't know exactly what that means, but as a practical matter there can be no new physics. Newton, Einstein and a few equations from QM pretty well have it covered. Anything claims to operate outside that is fiction. I write fiction, so I know the area pretty well.

Fri, 04/06/2012 - 01:35 | 2321373 StychoKiller
StychoKiller's picture

You so smart, how many tachyons make one gravioli?

Fri, 04/06/2012 - 04:32 | 2321490 OldPhart
OldPhart's picture

Stop with the trick question!

Everyone knows you pour gravioli over the tachyons to make the taste better.

Thu, 04/05/2012 - 17:58 | 2320648 LawsofPhysics
LawsofPhysics's picture

FYI- DARPA, DOD, and other military agencies (and that is really what this is) fund all kinds of crazy research that will never work, but that sounds great on paper.  And a paper promise from a scientist (especially one that makes the military salivate just thinking about it) gets funding.

When moral hazard is unleashed for as long as it has been, don't expect ethics to be commonplace anywhere.

Thu, 04/05/2012 - 19:39 | 2320838 Reptil
Reptil's picture

The russians had scalar weapons tech way before HAARP was built. What do you think that Chernobyl powered? Farms?
Moreover they've built underground complexes as well. Just like in Denver Airport there's one below Moscow. China as well.

Thu, 04/05/2012 - 20:45 | 2320963 Cathartes Aura
Cathartes Aura's picture

"It's a big club and you ain't in it."

                                     ~ George Carlin

Thu, 04/05/2012 - 22:18 | 2321167 bluebare
bluebare's picture

When's the IPO?

Fri, 04/06/2012 - 01:34 | 2321371 StychoKiller
StychoKiller's picture

"District 9"

Thu, 04/05/2012 - 16:13 | 2320332 Frank N. Beans
Frank N. Beans's picture

this article just about says it all. thanks Mike. 

Thu, 04/05/2012 - 16:13 | 2320333 csmith
csmith's picture

Markets create panics. It takes a central bank to create a depression.

Thu, 04/05/2012 - 17:07 | 2320490 blu
blu's picture

+1 insightful

Thu, 04/05/2012 - 16:16 | 2320345 SheepDog-One
SheepDog-One's picture

Thats ALL that has happened, the banks have monetized their debt, transfered trillions in their own bad debt to the taxpayer...NOTHING else!

Thu, 04/05/2012 - 17:09 | 2320495 blu
blu's picture

It remains now only for the tax payers to declare bankruptcy.

Ah yes, very nice, all proceeding according to plan thank you.

Thu, 04/05/2012 - 18:28 | 2320701 NotApplicable
NotApplicable's picture

All your everything are belong to us!

Thu, 04/05/2012 - 21:31 | 2321071 lakecity55
lakecity55's picture

"Welcome to New Communist State, comrade! We will pay your mortgage and fill up your tank!"

Fri, 04/06/2012 - 05:17 | 2321507 The Navigator
The Navigator's picture

"Welcome to New Communist State, comrade!"

Dah

We will pay your mortgage and fill up your tank!"

Niet

 

Thu, 04/05/2012 - 16:50 | 2320349 akak
akak's picture

"Central Planning for Dummies"

Kind of a redundancy, isn't it?

Thu, 04/05/2012 - 16:18 | 2320351 DoChenRollingBearing
DoChenRollingBearing's picture

Posting great stuff today Tyler!  Bravo.

Hi akak!

Thu, 04/05/2012 - 16:52 | 2320450 akak
akak's picture

Hey DoChen!

I hope the TSA did not treat you too egregiously outrageously on your recent return to the USSA.

Thu, 04/05/2012 - 17:19 | 2320530 DoChenRollingBearing
DoChenRollingBearing's picture

TSA only looked at us going out.  Peru's equivalent does not make you take your shoes off.

And I breezed right through Customs back here.  

Last time I brought back some grout (for the shower) because my wife does not like what is available here (?), THAT time US Customs told me to follow the "Red Dots"...  I go to the Customs guy, he sees that brick-like block there.  I see his eyes light up, probably thinking "Bust of the Day!"  So, he takes a small sample, puts it in a small bottle, shakes it up, and nothing.  Takes another sample, does the same, nothing.  While I am thinking to myself "Wow, ol' Eleo there could really f**k me good if he DID put C or H in there...".  But, alas for the poor Customs inspector, no Bust of the Day for him.

My wife had a Peruvian "cochinada" (that would be a typical f**ked up latino situation) happen that turned her off to even thinking about Peru as a "go to" place upon SHTF.  Guess I'll have to stay and fight when the chips go down.

I ate well there (as you know), still have not lost the weight yet I gained there.

Thu, 04/05/2012 - 19:32 | 2320821 Common_Cents22
Common_Cents22's picture

i'm heading to chile for 2 mos this winter.   Never been, seems like an interesting country.

Thu, 04/05/2012 - 20:37 | 2320948 azzhatter
azzhatter's picture

lived there for 2 years in 2000-2002, nice place I liked it

Fri, 04/06/2012 - 08:33 | 2321639 BoNeSxxx
BoNeSxxx's picture

Headed to Peru?  Don't pass up the Pisco Sours...

 

1 is never enough

2 is too many

and 3 will have you speaking Quechua

Thu, 04/05/2012 - 22:31 | 2321189 rosiescenario
rosiescenario's picture

Rumor has it that everyone posting here will be on the "No Fly List" shortly,

Thu, 04/05/2012 - 16:24 | 2320370 Milestones
Milestones's picture

Bravo! Right between the eyes--but only if the merican people read and come to grips with wht you are saying. 

The stupidity of the Fed going to the schools gives us all a chance to go before the public and blow their asses out of the water.

The Federal Reserve Act of 1913 was debunked by me several times in the past two years.          Milestones

Thu, 04/05/2012 - 16:41 | 2320417 SheepDog-One
SheepDog-One's picture

Well thats just the thing, theres a few of us here and a few other places that do get it, but 95% or more of the american sheeple are just clueless as hell and refuse to come to grips with anything reality based at all. Its all good, because their favorite TV news man says so, end of story, now leave us alone American Idol is coming on!

Thu, 04/05/2012 - 16:42 | 2320421 SheepDog-One
SheepDog-One's picture

The Federal Reserve Act was 'debunked' how so?

Thu, 04/05/2012 - 17:48 | 2320626 Milestones
Milestones's picture

by Milestones
on Tue, 06/15/2010 - 14:24
#415414

 

 

The Trials and Tribulations of the Federal Reserve Act of 1913

 

There has been, over the last several months that I have been reading ZH, issues raised concerning the Federal Reserve and The Federal Reserve Act of 1913. The almost unanimous opinion of the readers here as well as those blogs were the topic has come up such as Market Ticker, Jesse’s Café Americain, Naked Capitalism, Mish and others too numerous to mention all decry the “FED” and their propensity for large scale plundering of our economy among other peccadillos’ .

I would contend that after reviewing the circumstances of the FED, its origins and its daily operations, the FED is not only illegal and unconstitutional; that it is also void by law, and has been since its inception in 1913.

I will interject here and now, I am not an attorney. Hopefully the arguments I will lay out below will bring up the issue to be judged by what appears to be one of the most knowledgeable, well-educated and outspoken group on the web. I post below for your consideration, comments and rebuttal.

The Federal Reserve Act was passed by Congress in the last days of December by a handful of Senators who had not left for Christmas break.  The House had passed the bill earlier. President Wilson then signed it into law.

The concerns of those who oppose the FED generally center on Article I Section 8 (5) (18).That particular part of the U.S. Constitution reads in part: Article I Section 8 (5) says (Section 8)” Powers of Congress. The Congress shall have power: (5) To coin money, regulate the value thereof, and of foreign coin—“.

Herein lay my problem and question. The Constitution says “Congress shall have power—to regulate the value thereof.” That is what the Constitution says. Congress shall have the power to do. Oh, -I forgot, Congress apparently delegated that authority to the new kid on the block; the Federal Reserve Bank; A PRIVATELY owned bank-not a Governmental Bank!!

That delegation of power to the FED is my question. Did Congress have the authority to do so under the U.S. Constitution? So let us go to rulings by the Supreme Court to see what they had to say about this issue of delegation of authority.

Panama Refining Co. v Ryan 293 U.S. 388  1935

“The Constitution provides that 'All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.' Article 1, 1. And the Congress is empowered “To make all Laws which shall be necessary and proper for carrying into Execution' its general powers.” Article 1, 8, par. 18. The Congress manifestly is not permitted to abdicate or to transfer to others the essential legislative functions with which it is thus vested. Undoubtedly legislation must often be adapted to complex conditions involving a host of details with which the national Legislature cannot deal directly. The Constitution has never been regarded as denying to the Congress the necessary resources of flexibility and practicality, which will enable it to perform its function in laying down policies and establishing standards, while leaving to selected instrumentalities the making of subordinate rules within prescribed limits and the determination of facts to which the policy as declared by the Legislature is to apply. Without capacity to give authorizations of that sort we should have the anomaly of a legislative power which in many circumstances calling for its exertion would be but a futility. But the constant recognition of the necessity and validity of such provisions and the wide range of administrative authority which has been developed by means of them cannot be allowed to obscure the limitations of the authority to delegate, if our constitutional system is to be maintained.”

 

The Court observed that 'it was impracticable for Congress to provide general regulations for these various and varying details of management,' and that, in authorizing the Secretary of Agriculture to meet local conditions, Congress 'was merely conferring administrative functions upon an agent, and not delegating to him legislative power.'

Thus, in every case in which the question has been raised, the Court has recognized that there are limits of delegation which there is no constitutional authority to transcend. We think that section 9(c) goes beyond those limits. As to the transportation of oil production in excess of state permission, the Congress has declared no policy, has established no standard, has laid down no rule. There is no requirement, no definition of circumstances and conditions in which the transportation is to be allowed or prohibited.

If section 9(c) were held valid, it would be idle to pretend that anything would be left of limitations upon the power of the Congress to delegate its lawmaking function. The reasoning of the many decisions we have reviewed would be made vacuous and their distinctions nugatory. Instead of performing its lawmaking function, the Congress could at will and as to such subjects as it chooses transfer that function to the President or other officer or to an administrative body. The question is not of the intrinsic importance of the particular statute before us, but of the constitutional processes of legislation which are an essential part of our system of government

FIELD V CLARK 143 US 649 1892

 “That congress cannot delegate legislative power to the president is a principle universally recognized as vital to the integrity and maintenance of the system of government ordained by the constitution.

: 'The legislature cannot delegate its power to make a law, but it can make a law to delegate a power to determine some fact or state of things upon which the law makes, or intends to make, its own action depend. To deny this would be to stop the wheels of government. There are many things upon which wise and useful legislation must depend which cannot be known to the law-making power, and must therefore be a subject of inquiry and determination outside of the halls of legislation.'

That no part of this legislative power can be delegated by congress to any other department of the government, executive or judicial, is an axiom in constitutional law, and is universally recognized as a principle essential to the integrity and maintenance of the system of government ordained by the constitution. The legislative power must remain in the organ where it is lodged by that instrument.”

Well now, it appears by the language of the above two cited Supreme Court decisions, i.e.: Panama of 1935 and Field of 1892, the Federal Reserve Act is bracketed by 2 separate decisions by the Supremes; one prior to the Fed act of 1913 and one after; that the court has said that Congress does not have the authority to delegate the power “to regulate the value thereof” as that power is directly mentioned in the Federal Constitution as being granted to Congress.

Please bear with me. Sovereignty is granted to “We the people” as outlined in the first 3 words of the Preamble. As such, under the Constitution, we delegate our sovereign authority to persons to represent us in dealing with the events that govern us from day to day. But it is the reserve of the sovereign’s to delegate authority, not Congress; they only represent us; but it does not carry with it the authority to yet further delegate congressional power-that is our power as sovereigns to bind this nation in such a manner.

John Locke came to the same conclusion: (Parliament, Congress)—“Cannot transfer power of making laws to any other hands for it is being but a delegated power from the people who have it and cannot pass it over to others.”

I would contend that the Federal Reserve Act of 1913 is illegal under the Constitution. Further if we consider Marbury v Madison of 1803, a decision which to my knowledge has never been legally overturned, states the case in even far starker terms:

Marbury v Madison 17 Wall 205 Cranch 2  1803

“Thus the particular phraseology of the Constitution of the United States confirms and strengthens the principal, supposedly to be essential to all written constitutions, that a law repugnant to the constitution is void; and the courts, as well as other departments, are bound by that instrument.” Marbury v Madison  17 Wall 205 Cranch 1,2,3,4, Book 2

So now, if we followthe train to the end of the line, not only does the Federal Reserve Act of 1913 appear to be unconstitutional due to Congress’s illegal delegation of power concerning “The regulating the value thereof” part of  Art. 1 Section 5 and 18; one is drawn to the conclusion that the Federal Reserve Act is void under Marbury. Congress acted illegally and contrary to the constitution by delegating its authority but President Wilson also acted illegally in signing said act into law.—“as well as other departments are bound by that instrument.”

: Black’s Law Dictionary

Manifest—Evident to the senses, especially to the sight, obvious to the understanding, evident to the mind, not obscure or hidden, and is synonymous with open, clear, visible, unmistakable, indubitable, indisputable, evident and self evident. In evidence, that which is clear and needs no proof; that which is notorious.

Void—Null; ineffectual; nugatory; having no legal force or binding effect; unable in law, to support the purpose for which it was intended. An instrument or transaction which is wholly ineffective, inoperative and incapable of ratification and which thus has no force or effect so that nothing can cure it.

In short, I contend Congress was and is prohibited by the Constitution from delegating any of its authority that is vested to it in the Constitution as shown in the 2 cases cited,i.e. Panama and Field and that that action was repugnant to that instrument and is Void under Marbury. There are undoubtly many, many laws that are currently on the books that would fall into this category. 

Because the Supremes have already addressed such acts as outlined above, I question how they could rule against what they have already done. I would think the government could simply fire up the presses, make changes to the currency as did JFK in 1962 when he used red ink on $5 bills and simply deal out the Fed. (This contemplates of course eliminating Tiny Tim and BB).

 I am well aware this sounds rather simplistic, but if the FED is seized lock, stock and barrel and folded into the Treasury there will of course issues to be resolved but I really can’t see them as being life threatening. Congress could try and reinstate the Act but would almost certainly face 1890’s wild west  justice rapidly; like while they are all still in D.isneyland C.entral.

I am not so naiveté as to believe TPTB are going to roll over if my argument is correct. It will be ignored, and laughed at later if ignoring it fails. But Joe Sixpack is growing more and more aware that somehow the FED is the central problem in the financial mess this country finds itself. The connection must be made in the public mind that this 1920’s Al Capone Chicago style Mafia lives again posing as upstanding bankers who are in fact monstrous crooks who are in direct violation, not of the law, but of the U.S. CONSTITUTION and the banking industry are not just “greedy” people but a Mafia criminal element threatening this nation and its well being. A proper coat of paint would go a long way to identify to the general public who and what these criminals are about.

And now the caveats: this is my first post. This issue has been sticking in my craw for some time now and ZH appears to be the best forum to outline my thoughts. It’s not the only one. Corporations as people, which Thom Hartmann has gone over in his book, Unequal Protection, is another saddle on the American public that has bothered me for some time. I hope to address that issue sometime in the near future.

 Further I am not an attorney as mentioned earlier and I do not know how to use the internet to Shepardize the 2 mentioned cases. I know there are attorneys on this site and any comments, critiques or help on this would be greatly appreciated.

 Getting bent over a barrel is never fun but that’s how the game has to be played if you want to know if you have something or you’re as full of shit as a Christmas goose. Let the games begin.

Regards, Milestones

 

 

Thu, 04/05/2012 - 18:34 | 2320707 NotApplicable
NotApplicable's picture

While I agree fully, I'll point out that it's wholly moot, as it is all based on written laws, which aren't worth the paper they're written on, being completely unbinding on the body that writes them (or its sponsors).

Remember, they ARE the law. Just ask them. Legal arguments are just an advanced form of pig-wrestling, where dupes argue over "rights" which are really nothing but privileges from TPTB.

Thu, 04/05/2012 - 21:43 | 2321103 Milestones
Milestones's picture

I am sorry to see you accept that argument-- you have rolled over as a sovereign. This what and why Revolutions happen and are fought through out history.           Milestones

Fri, 04/06/2012 - 05:37 | 2321521 The Navigator
The Navigator's picture

Great arguments on both sides and thanks for the elucidation on the points. However, Milestones logic appeals to me more.

When you get arrested or detained, you probably don't want to describe yourself as an anarchist. However, you may want to research what that word means before discarding it; it may be you.

(anarchy is "absence a leader", not absence of law. It is law, self observed without leaders.)

Thu, 04/05/2012 - 19:53 | 2320859 Dicite justitiam
Dicite justitiam's picture

Standing is a major issue, right?  You need an injured party.  Give me an argument of an individual who is injured. (half-sarcastic)

Thu, 04/05/2012 - 21:12 | 2321022 Milestones
Milestones's picture

"We the people"---As Sovereigns: there are 310 million that have standing--as owners of the country.       Milestones

Fri, 04/06/2012 - 02:48 | 2321425 Dicite justitiam
Dicite justitiam's picture

Forgive me for being technical in the face of common sense.

Thu, 04/05/2012 - 21:26 | 2321057 lakecity55
lakecity55's picture

Good research. I keep a copy of Black's myself. Apparently there are no copies in the entire Congress, nor copies of The Constitution.

I think our Constitution was written for the common, literate man to read and understand.

Education of our Fellows is The Key.

Thu, 04/05/2012 - 22:34 | 2321193 rosiescenario
rosiescenario's picture

Actually, it is not so much the laws but the courts' interpretation and application of them.

Thu, 04/05/2012 - 17:17 | 2320528 blu
blu's picture

Let me tell you something. This is really important:

The bankers are not nearly as sociopathic nor as power-mad as the politicians are.

Right now, politics is feeding at the banker trough while the bankers ass-rape the public. They like the easy cash, the bankers are willing to do the wet work, so they let the bankers have some too. But if there is ever a time when the political class starts finding themselves hanging from lamp poles they will turn on the bankers like rabid pitbulls on crank. And you will not have seen so vast and bloody a purge since Josef Stalin decided to kill all his friends.

Nothing will happen until someone kills a politician in anger at the financial crisis. After that you will not believe the transformation.

Thu, 04/05/2012 - 17:45 | 2320614 lakecity55
lakecity55's picture

Ditto.

Thu, 04/05/2012 - 18:41 | 2320727 NotApplicable
NotApplicable's picture

This only applies to bankers not "in the club." For instance, no matter how bad it gets, Corzine, Dimon, et al. will be protected at all costs, because if they fall, then so do the politicos they've empowered.

Besides, I'd expect the transformation to be a form of a controlled-dissent kangaroo-court where back-office people from India (or others not in the club) are trotted out for show trials and convictions.

In other words, no different than the McCarthy trials, an over-the-top cover-up in the guise of a house-cleaning.

Fri, 04/06/2012 - 05:40 | 2321522 The Navigator
The Navigator's picture

Tyler, we need an adjustment on ZH - we need a +1,000 arrow available, like here.

Thu, 04/05/2012 - 16:30 | 2320389 Zola
Zola's picture

@Broke day trader - Remember INTEL , MICROSOFT ... Remember Nascrap 2000 ...

Thu, 04/05/2012 - 16:31 | 2320393 greecerules
greecerules's picture

What is this nonsense??  The Fed saved the financial system from great depression 2.0.  You should be thanking vs. demonizing them.

Thu, 04/05/2012 - 16:42 | 2320410 SheepDog-One
SheepDog-One's picture

I guess you didnt read the article, it explained just that, as FED central planner desperation. 'We saved the economy, we saved the world!'....no, you printed and monetized and saved your few friends who are billionaires, if not trillionaires, and thats all you did. The economy itself is screwed.

Thu, 04/05/2012 - 16:43 | 2320422 monopoly
monopoly's picture

WRONG greecerules, they did not save us from depression 2.0. All they did was delay it. We needed to close the insolvent banks, take their assets and give it to solvent banks and let the system reset. And hundreds needed to be indicted and sent to jail for a long time with all their personal assets taken from them.

All we did was make sure every one of the cockroaches kept their secure limo, driver, all their homes, boats, and cars and continue to do the same shit that they did before WE BAiLED them out. And they will do it again. That is a promise. So, we the taxpayers pay for all their crimes and they go free. Now we have 47 million on food stamps, U6 at 15.5% and a middle class that is slowly sinking into the abyss. 

No sir, they did not save the financial system. They destroyed our capitalist system to suit themselves, pay themselves and to hell with the real people. Get it right next time before you post crap like that.

Fri, 04/06/2012 - 05:42 | 2321524 The Navigator
The Navigator's picture

And Tyler,

and -1,000 arrow, like here.

Thu, 04/05/2012 - 16:34 | 2320398 Sudden Debt
Sudden Debt's picture

I don't see the bellinger banner Tyler :
Just be a good friend and add it ;)

Thu, 04/05/2012 - 16:34 | 2320399 BORT
BORT's picture
Thu, 04/05/2012 - 16:33 | 2320400 SheepDog-One
SheepDog-One's picture

Exactly, look to the legislation theyre passing, tyranny, the real indicator of whats going on.

Thu, 04/05/2012 - 20:09 | 2320886 Dicite justitiam
Dicite justitiam's picture

Yessir.  Encroachment of civil liberties is an undeniable leading indicator of fiscal lattice contraction (the other I'd just call "trust" but won't get deep about it--basically the expectation of equitable counterparty settlement at each level of the lattice--CP freeze upon Lehman, but could also be considered as concerns about holding longer UST with massive USD debasement).  The continuing deterioration of liberties and trust post-Lehman indicates that the avalanche was merely forestalled--not denied.

Only problem is that you can have the indicator, but not know the critical point upon which liquidity contracts.  We will always be the last to know and act accordingly; next liquidity freeze will be quite the wake-up for those that believe the emperor is wearing clothes.

Thu, 04/05/2012 - 16:34 | 2320401 monopoly
monopoly's picture

Well done article and spot on. I read Grants rant again. A breath of fresh air. Any who did not read it, do yourself a favor. Read it> I don't think the "Fed" is buying up these momo stocks. They just provide the fuel to the incinerator to keep it going. Enough liquidity in the system so the algos, HFT and banks buy whatever they are told to buy. Money is there, they never take the losses so bid them up. Make this look like a real recovery.

I have done some research on CMG. No doubt, excellent growth in the past which is slowing. It must as you get too big to grow exponentially. Earnings went from $6.76 to $8.73 with a concensus of $11.00 this year. Growth rate slowed to 29% from 41%. So compute another slow down in earnings and you get about $13.00 in 2014. That is 2014!! Lets give it a PE of 20 for the slowing growth. Counting on my fingers, I get about a $260 price as long as growth does not slow any more. At a 15 PE, well, you do the math.  Makes it a steal at $425 right. Absurd!

Thu, 04/05/2012 - 18:45 | 2320733 NotApplicable
NotApplicable's picture

They might not be buying directly, but since nobody else has Benron's magic checkbook, you can be sure others are doing it for him knowing they're back-stopped. In this environment, the only risk is to not keep up the charade.

Thu, 04/05/2012 - 20:29 | 2320926 Marginal Call
Marginal Call's picture

13.29 Billion market cap.  Compared to a 1.03 Billion market cap for Jack in the Box.  I know the financials and growth potential are completely different but that's insane. Krispy Kreme part 2?

Thu, 04/05/2012 - 16:42 | 2320420 XitSam
XitSam's picture

The passport thing is funny beause if revoked, you can still use it to get back into the country.

Thu, 04/05/2012 - 16:44 | 2320427 SheepDog-One
SheepDog-One's picture

WHY would you want to get back IN the country if you were already out??

Thu, 04/05/2012 - 20:23 | 2320911 aphlaque_duck
aphlaque_duck's picture

To pay your taxes, duh!

Thu, 04/05/2012 - 16:46 | 2320432 Sudden Debt
Sudden Debt's picture

Think about it. The day after you paid your taxes, you're already due the next taxes so with a twitch they can ban all travelling :)

Thu, 04/05/2012 - 16:57 | 2320464 STP
STP's picture

Your taxpayer dollars, hard at work, keeping you "safe"...

http://www.marketwatch.com/story/kbr-awarded-homeland-security-contract-worth-up-to-385m

 

 

…..KBR, the engineering and construction subsidiary of Halliburton Co. /quotes/zigman/228631/quotes/nls/hal HAL -0.70% , said Tuesday it has been awarded a contingency contract from the Department of Homeland Security to supports its Immigration and Customs Enforcement facilities in the event of an emergency. The maximum total value of the contract is $385 million

 

The contract, which is effective immediately, provides for establishing temporary detention and processing capabilities to expand existing ICE Detention and Removal Operations Program facilities in the event of an emergency influx of immigrants into the U.S., or to support the rapid development of new programs,

 

Thu, 04/05/2012 - 17:43 | 2320607 lakecity55
lakecity55's picture

Try American Citizens. If you think this is for "illegal refugees," I have some beachfront property in Colorado for sale.

Weird how the Jews just marched right into those ovens....

Thu, 04/05/2012 - 18:45 | 2320737 NotApplicable
NotApplicable's picture

Just think of the jobs this will create!

Thu, 04/05/2012 - 22:43 | 2321202 nothing can go wrogn
nothing can go wrogn's picture

There's no beaches in Colorado...it's in the middle of the country! I call bullshit on that. Now if you said some property in the mountains I'd believe you. Colorado has mountains.

Thu, 04/05/2012 - 17:02 | 2320478 Waterfallsparkles
Waterfallsparkles's picture

Makes you wonder why the crack down on suspending Passports.  It that so people that owe Taxes cannot get out of the Country? 
Are people that owe large amounts of taxes trying to flee the Country to avoid being Arrested? Is it so that people that owe taxes have left the Country and they do not want them to be able to get back in?  Or is it to keep people from denouncing their Citizenship?

Really makes you wonder what caused this Law to be put on the Books.

Thu, 04/05/2012 - 17:39 | 2320599 lakecity55
lakecity55's picture

Germany after Hitler became Chancellor. You could not leave the country, as awareness grew about the NAZIs. Hitler did not want capital fleeing the Reich. Actually, if you go back and read Hitler's actions after wriggling into the Chancellorship 30 JAN 1933, they are virtually the same actions taken by the man calling himself "Obama" today. The Reichstag was silenced, then he took over the courts (hello, don't you dare reject my "healthcare" law).

If you can find a good book on the period, you can follow along as the man who calls himself "Obama" checks the items off the list until... he becomes Absolute Ruler with Absolute Power.

Like Hitler, TPTB thought they had him under control; they did not see the malignant narcissism lurking in Adolf, nor do they see it today in The International Man of Mystery.

Good luck, everyone, it's going to be.... interesting.

Thu, 04/05/2012 - 18:01 | 2320642 Waterfallsparkles
Waterfallsparkles's picture

LakeCity,

Your post shows the importance of studing History.  It does make you think about Casablanca where they had to bribe someone to get out of the Country.  Or the Sound Of Music, Dr Zhivago, or the Jewish under Hitler that were not allowed to leave the Country.  With hinesite we now know why Hitler would not let the jewish leave.  With America who is it that they do not want to leave?

Does tend to make you a little parinoid.  The Government can kill or arrest you and put you away forever with no due process and can restrict your ability to get out of the Country.

Thu, 04/05/2012 - 18:05 | 2320670 Waterfallsparkles
Waterfallsparkles's picture

On second though, maybe they do not want the Tax Slaves to get off the Plantation.

Thu, 04/05/2012 - 21:17 | 2321032 lakecity55
lakecity55's picture

Roger that. But, what do we do?

And, is the Mystery Man at one with  the Banksters, or is he waiting to kill them and institute something else?

When his best buddy, Ernst and his brown shirts got too rowdy, 'Dolf brutally killed them all.

Somehow I think The Peace Prize winner has something unveiled yet which is not good for human beings and other living things...

Fri, 04/06/2012 - 06:03 | 2321528 The Navigator
The Navigator's picture

But, what do we do?

Our Relovution cannot be won with guns and rifles, they out-gun us from the start. But, we out gun them with logic and the Constitution.

THEY derive their power from the Constitution - the President and Congress are described, detailed, and elected via the Constitituion.

Once they nulify the Constitution, they nulify themselves (and their agents the TSA, CIA, FBI, DHS etc). The USA is nothing without the rule of law (the Republic), the Constitution.

 

Fri, 04/06/2012 - 08:33 | 2321640 Waterfallsparkles
Waterfallsparkles's picture

There will be no Revolution unless they stop Welfare Payments, Food Stamps, etc.

Thu, 04/05/2012 - 17:21 | 2320537 TGracchus
TGracchus's picture

Mike, I don't know if you follow FOFOA, but he has emphasized a particular feature of the recent Obama EO on National Preparedness that I haven't seen discussed elsewhere.  Most people just look at the EO and see preparation for a total takeover of all resources.  However, FOFOA points out the particularly interesting provision that authorizes the heads of the various agencies to make "subsidy" payments for transportation of resources that have increased in cost so that the agencies can get what they need.  As would be necessary, e.g., if we are affected by hyperinflation, when the prices of goods that we have to import will soar.  The section of the EO that FOFOA particiularly references reads: 

"To ensure the supply… from high cost sources… in light of a temporary increase in transportation cost… the head of each agency… is delegated the authority… to make subsidy payments"

As FOFOA states:  "When the USG cuts a check, it is drafted on a Treasury account at the Fed. Sometimes those funds are all ready to go in the account. Sometimes they are pulled (momentarily) from a commercial bank into the Fed account for clearing purposes. And sometimes the Fed simply creates them, adding a Treasury IOU to its balance sheet.

This latest Executive Order paves the way for the Fed to start stacking not only Treasury IOUs, but also Commerce Dept. IOUs, Homeland Security IOUs, State Dept., Interior, Agriculture, Labor, Transportation, Energy, Housing and Urban Development, Health and Human Services, etc… IOUs. Whatever it takes to keep the real stuff flowing in! If you think the Fed's balance sheet looks like a gay rainbow now, just wait!"

So it is possible to see the EO as preparation for a hyperinflation that TPTB see coming when they lose control of the dollar.

See http://fofoa.blogspot.com/2012/04/peak-exorbitant-privilege.html 

Thu, 04/05/2012 - 18:09 | 2320676 Waterfallsparkles
Waterfallsparkles's picture

In Germany didn't they take away all of the Property of the Jews before they killed them?  I remember reading the storehouse of all of the art work Hitler aquired from just the same actions.

Thu, 04/05/2012 - 18:51 | 2320754 NotApplicable
NotApplicable's picture

Good catch!

Greenbacks 2.0, New & Improved*

 

*now contains Fed backing

Fri, 04/06/2012 - 09:19 | 2321824 g speed
g speed's picture

so much like the nazis---have to have everything in writing-- a little executive order here a little regulation there-- all in the record keeping --every thing written down somewhere-- Its the ovens that pose a problem--maybe they are going to go the Dr M route and use plague --- 

Thu, 04/05/2012 - 17:30 | 2320569 deki
deki's picture

Man I was so happy 6 years ago when I got my US citizenship...how do I go back to green card?

Fri, 04/06/2012 - 06:06 | 2321529 The Navigator
The Navigator's picture

Forget about the green card - tell us how to get your home country passport and the total cost.

Thu, 04/05/2012 - 17:30 | 2320570 Sutton
Sutton's picture

They are not going to let the productive leave.

We're Kulaks

Thu, 04/05/2012 - 18:10 | 2320619 Waterfallsparkles
Waterfallsparkles's picture

"So the thing I want my readers to really internalize is that the Fed and indeed TPTB generally are getting slaughtered in the intellectual arena and they know it.  As a result, they feel cornered and will thus act increasingly aggressive to prove they are right and everyone else is wrong."

Yet, do you not think that the average American Taxpayer is also feeling cornered.  Their only way to combat higher Taxes, Oil Prices, Food prices, Property Taxes, etc. I think that the American People realize they are getting squeezed.  The only way they can combat the onslot of higher Taxes and all of their consumables is to tighten their belt.  Pay down Debt, spend less and cut out every consivable expense that is not absolutly necessary.  They are also starting to double up on Houseing.  Young people moving back in with Mom and Pop, the Elderly giving up their Homes or Apartment and moving in with their Children.  People are starting to behave like it is the Great Depression again.

I know my Father lived thru the Great Depression and would NEVER invest in Stocks.  My Grandmother who had a modest Home took in Boarders to make ends meet.  Even when you look as some of the old Movies like Arcenic and Old Lace it was a time when renting a room and Boarding was considered normal.

Do we really want to go back to those times.  NO.  Yet, many will not have an option.

Thu, 04/05/2012 - 20:53 | 2320979 snblitz
snblitz's picture

When the City of San Jose, CA approved a 3000 unit housing development, they were built primarily with "granny units" aka "in-laws quarters" aka parents quarters.

Thu, 04/05/2012 - 18:03 | 2320662 Jerry Maguire
Jerry Maguire's picture

I think most of these things are just confirmation that central panning has no solutions that will fly, that conventional thinking has reached its end point and it's time for a shift into entirely new categories, such as debt jubilees and gold redeemability:

http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...

http://strikelawyer.wordpress.com/2011/12/27/saving-the-world-revised-ed...

They keep trying to plug holes in the dyke - mortgage foreclosures, taxes, and so on.  The dyke just keeps springing more leaks because it is failing.  This is obvious.  But they can't face the reality that the dyke itself has to be torn down and rebuilt.

Thu, 04/05/2012 - 18:48 | 2320745 NotApplicable
NotApplicable's picture

New categories? Good luck with that.

Besides, they've got a tried and true old category to fall back on.

War.

Thu, 04/05/2012 - 19:28 | 2320809 akak
akak's picture

.

They keep trying to plug holes in the dyke

That's funny, most dykes I know don't like having their holes plugged.

Thu, 04/05/2012 - 22:24 | 2321173 WonderDawg
WonderDawg's picture

Sure they do, just not by you or me.

Thu, 04/05/2012 - 18:48 | 2320746 Cheduba
Cheduba's picture

Yes, the biggest fools in history, but sadly also the cause of unspeakable suffering upon the world.

Thu, 04/05/2012 - 18:51 | 2320750 slewie the pi-rat
slewie the pi-rat's picture

 

here we see the results of the priests of fiat being attacked from all sides

Thu, 04/05/2012 - 19:06 | 2320779 sgt_doom
sgt_doom's picture

The American Pseudo-Political Process for Dummies

When Richard Nixon, whose political godfather was Prescott Bush, became president, Henry Kissinger was assigned to watch and manage him.  Kissinger was, and is, the courtier to the Rockefeller family.

Later, Jimmy Carter would become president with the financial backing of David Rockefeller, and this time Kissinger’s protégé, Zbignew Brzezinski, would be assigned to watch and manage Carter.

When Bill Clinton was running for the presidency, Perot was encouraged to run to draw votes away from then President George H.W. Bush (who couldn’t deliver on NAFTA); Clinton would be elected with a minority of the votes (40%).

The major investor in Perot’s EDS:  the Rockefeller family.

One of Clinton’s chief of staffs, Erskine Bowles, would later show up as an appointee of Obama’s administration. 

Bowles was hired on with the private equity firm, Forstmann Little, by a member of the board, Henry Kissinger, where Bowles made some big bucks.

When Obama appointed Bowles to his “Deficit Commission” (Bowles at that time was – and probably still is – on the board of directors at Morgan Stanley, while his wife is on the board of directors at JPMorgan Chase), the corporate media bizarrely labeled him a “liberal.”

Equally bizarrely, Bowles would announce, with the other neocons, that Social Security was a cause – or the cause – of the deficit?  (Factually incorrect, of course!)

Obama’s main Rockefeller/Kissinger connection:  Timothy Geithner, whose first major position was with Kissinger Associates and whose next position would be an appointment as a Senior Fellow to the Council on Foreign Relations by its director, Peter G. Peterson, another Rockefeller protégé, who followed David Rockefeller into that directorship.

Geithner would eventually be appointed to the Department of the Treasury by the George H.W. Bush administration.

After the Clinton administration was over, Geithner was appointed chair of the Federal Reserve Bank of New York, following Peter G. Peterson into that position (and many said, handpicked by Peterson to follow him into that chairmanship).

Peter G. Peterson (Blackstone Group), Henry Kissinger and Hank Greenberg (AIG) are close friends and business associates and could be observed at various social functions and engagements in New York City during the 1990s and the past decade.

To differentiate between the republicans – directly and overtly related to Wall Street and the banking cartel – and the democrats, indirectly connected to the banking cartel --- is clearly absurd!

The popular fantasy being promulgated today is that only a massive wave of democrats voted in to fill the majority of seats will save us?

How?

Will we see yet another wave of Telecommunications Acts to consolidate the corporate media --- which has been completely consolidated?

Even more financial deregulation? 

Obama just signed that ungodly JOBS legislation, and that Budget Control Act of 2011, and that Dodd-Frank farce, and three new “free trade” travesties?

One realizes more and more Americans appear more and more gullible, seemingly in conjunction with more children growing up viewing Sesame Street (financed by Peter G. Peterson, created and produced by his wife), so the barriers to the truth seem insurmountable --- but eventually, the truth will out.

They’ve gamed everything --- and we simply move and act accordingly.

Thu, 04/05/2012 - 19:17 | 2320792 I am Jobe
I am Jobe's picture

And as the sheeples go in droves to vote, not a clue what teh f they are voting for. Inbreeding has worked well.

Thu, 04/05/2012 - 21:08 | 2321016 Cathartes Aura
Cathartes Aura's picture

hey sarg - that's some good connect-the-dots there!

years ago (time flies) some friends and I did a big "family tree" to mark the revolving door(s) of Corporation---> Government---->Corporation, it was not only fun to research & draw up, but eye-opening.

I can see the tree-rings in your work. . .

Fri, 04/06/2012 - 01:42 | 2321379 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Despite my tangle w/ you earlier.  YOU have researched all of this better than I have, bravo!  Maybe that's what Fight Club is for, bringing out truths...

Gold and preparations, bitchez!  There are more of us than there are more of them.

Thu, 04/05/2012 - 19:16 | 2320790 I am Jobe
I am Jobe's picture

Bill in Congress could suspend your passport if you own taxes to the IRS
Written By Kenneth Schortgen Jr on Friday, March 23, 2012 | 11:35 AM

http://www.thedailyeconomist.com/2012/03/bill-in-congress-could-suspend-...

Barbara Boxer the cunt

Thu, 04/05/2012 - 19:26 | 2320805 Pancho Villa
Pancho Villa's picture

Hmmmm, interesting isn’t it.  You don’t need to be charged!  All that needs to happen is a notice filed.  Just like the NDAA allows the government to imprison you without a trial.

The constitution is just a piece of paper. It says whatever TPTB want it to say.

Thu, 04/05/2012 - 19:30 | 2320812 tony bonn
tony bonn's picture

i have to read a year's worth of other blogs to get as much truthiness as i get from one posting of mike's...

thank you so much for speaking up and i will add a link to beligerent act on my blog....

this is as fine an easter sermon as any.....god bless you....however, the resurrection of jesus christ still trumps

Fri, 04/06/2012 - 06:14 | 2321531 The Navigator
The Navigator's picture

Have to agree - 1 years reading of ZH would be the equivalent of a Masters in Econ/Finance/International Studies - 2 years reading would equal a Phd in the same.

Thu, 04/05/2012 - 19:32 | 2320818 non_anon
non_anon's picture

There used to be a time when peoples could move freely between countries without a passport, the gauntlet was thrown down long ago, and the peoples of past generations just let theirs and our freedoms slip away.

Thu, 04/05/2012 - 19:35 | 2320828 kill switch
kill switch's picture

OT But WTF

Senator Barbara Boxer’s MAP-21 (Moving Ahead for Progress in the 21st Century Act) is headed to the House after clearing the Senate last month. Boxer’s bill allows the federal government to revoke the passports of citizens the IRS claims owe taxes.

“There is no requirement that the tax payer be guilty of or even charged with tax evasion, fraud, or any criminal offense — only that the citizen is alleged to owe the IRS back taxes of $50,000 or more,” reports The Daily Economist.

In other words, the Fourth Amendment will become irrelevant in many taxes cases if this legislation makes it through the House. MAP-21 does, however, face opposition by some Republicans.

In order to blunt criticism, Boxer’s bill is being portrayed in standard class warfare fashion – according to CBS and others, the law will be used to go after wealthy tax scofflaws who owe the IRS $50,000 or more, so the average citizen need not worry.

In fact, the IRS routinely leans on the little guy and small business owners. For instance, in 2010 the owner of a car wash in Sacramento, California, was harassed by the IRS after the government said he owed four cents in back taxes (which became $200 after three years of penalties and fees).

The IRS is also used by the establishment as a political weapon, as various Tea Party organizations around the country recently learned.

“In January and February of this year, the Internal Revenue Service began sending out letters to various local Tea Parties across the country,” writes Colleen Owens. The federal wealth confiscation agency asked the political groups to identify their volunteers and donors. “What possible reason would the IRS have for Tea Parties to ‘name your donors’ when said donations are non-deductible?” Owens notes (most Tea Party organizations are nonprofit 501(c)(4) and donations are not deductible).

Chief Justice John Marshall once observed that “the power to tax involves the power to destroy” and that is precisely what the government often attempts to do, as former Florida House Speaker Marco Rubio discovered in 2010.

The IRS is no longer strictly about taxes. “Top IRS officials have been working with Democrats on Capitol Hill to determine how the agency will enforce President Obama’s new health care law. Republican lawmakers estimate the legislation will require the hiring of many thousands of new (and armed) tax enforcement agents,” Fox News reported last month. “Under the new law, the IRS is required to fine taxpayers thousands of dollars if they do not purchase health insurance. In order for the government to enforce compliance, tax authorities will need information, for the first time, about people’s health care. Collecting that data will require more IRS personnel.”

In short, the IRS will act as an enforcer – armed to the teeth – for Obamacare, that is if it is not ruled to be unconstitutional by the Supreme Court in June.

The IRS is but one component of an increasingly tyrannical and militarized federal government.

“The Department of Homeland Security recently stoked concern by contracting a company to provide them with 450 million rounds of hollow point bullets. Now the federal agency is also purchasing bullet-proof checkpoint booths that include ‘stop and go’ lights,” writes Paul Joseph Watson today. “The purpose behind the bullet proof booths is unknown, but the DHS has publicly announced that it plans to increase the number of unannounced checkpoints manned by TSA VIPR teams and other federal agents beyond the 9,300 that were set up last year alone.”

The IRS move on supposed tax scofflaws by denying them the ability to travel abroad is part of a larger effort to control the movement of citizens in the same way citizens in the Soviet Union were forced under propiska laws to ask the government for permission to travel – and exiled dissidents were forced to live in isolated far-flung towns under virtual house arrest.

As we noted in 2011, an internal passport for Americans is codified under the December 2004 Intelligence Reform and Terrorism Prevention Act. If fully implemented, Ron Paul has warned, it will allow “the government to establish a Soviet-style internal passport system” that would subject “every citizen to surveillance and screening points” of the sort the DHS is now expanding across America.

Thu, 04/05/2012 - 21:22 | 2321045 non_anon
non_anon's picture

In 1984, ex-Congressman George Hansen was brought up on false charges and imprisoned for 4 years in a Fed prison for trying to rein in the IRS, they tortured him in the Fed prison.

We cannot stand alone against the IRS, they will chew you up and spit you out, yeah, they go after the defenseless. It will have to be a mass rebellion against the system to make any difference.

But I fear we are already trained/brainswashed/coerced to obey.

Fri, 04/06/2012 - 06:47 | 2321546 Mitzibitzi
Mitzibitzi's picture

One thing no-one seems to have mentioned, regarding the '50.000 in taxes owed' thing; What if you were one of the legion of families who have stopped paying their mortgages, but have still to be foreclosed upon / evicted? With the incomprehensible transference of title that has been going on over the past couple of years, it would be laughably easy to claim that you owed your outstanding mortgage amount to the Treasury, or some designated construct thereof. For most people that would take them well over the 50,000 bracket required to suspend their passport.

And give TPTB as easy in for the 'Look, we don't want to throw you out on the streets, dude, but this has to be a two way street. You come work for us at whatever we tell you to do and you can carry on living in your home. Up to you, man. But remember you can't leave the country until you pay what's owed. And it might be a tad hard to get another job if your debts were widely known, makes you open to blackmail and all...' 

Since there will undoubtedly be plenty of work available for those of questionable moral fibre, and you proved that when you stopped paying your mortgage but failed to find alternative accommodation, it would make a hell of a recruitment pitch for the fascists-that-be. Just saying.

Thu, 04/05/2012 - 20:15 | 2320898 RiverRoad
RiverRoad's picture

Of course they're offloading all the bad debt on the sheeple.  Look back throughout history:  When haven't TPTB done that? 

Thu, 04/05/2012 - 20:24 | 2320912 spekulatn
spekulatn's picture

Well done Mr. Kreiger. I must admit I had my doubts about you, sir, but reading this piece and reading it again makes me rethink my position. Please do not give 2 shits either way ;)

 

http://www.thedailybell.com/3755/VIDEO-1930s-Bonus-Army-Redux-Veterans-P...

Thu, 04/05/2012 - 20:28 | 2320923 israhole
israhole's picture

Dump the Jew World Order banksters, buy gold, silver, and plenty o' lead.

Thu, 04/05/2012 - 21:25 | 2321052 non_anon
non_anon's picture

Thus the militaries are expediting bringing forth new aged weapons

Thu, 04/05/2012 - 20:37 | 2320949 Quackking
Quackking's picture

FYI, and to whom it may concern.

The so-called Smith Act, (or Alien Registration Act of 1940, still in effect as of this morning, I believe.. Retrieved from the Cornell Univ Law School servers here:

http://www.law.cornell.edu/uscode/text/18/2385

18 USC § 2385 - ADVOCATING OVERTHROW OF GOVERNMENT

Current as of Tuesday, February 21, 2012 - up to Pub L 112-90

Whoever knowingly or willfully advocates, abets, advises, or teaches the duty, necessity, desirability, or propriety of overthrowing or destroying the government of the United States or the government of any State, Territory, District or Possession thereof, or the government of any political subdivision therein, by force or violence, or by the assassination of any officer of any such government; or
Whoever, with intent to cause the overthrow or destruction of any such government, prints, publishes, edits, issues, circulates, sells, distributes, or publicly displays any written or printed matter advocating, advising, or teaching the duty, necessity, desirability, or propriety of overthrowing or destroying any government in the United States by force or violence, or attempts to do so; or
Whoever organizes or helps or attempts to organize any society, group, or assembly of persons who teach, advocate, or encourage the overthrow or destruction of any such government by force or violence; or becomes or is a member of, or affiliates with, any such society, group, or assembly of persons, knowing the purposes thereof—
Shall be fined under this title or imprisoned not more than twenty years, or both, and shall be ineligible for employment by the United States or any department or agency thereof, for the five years next following his conviction.

If two or more persons conspire to commit any offense named in this section, each shall be fined under this title or imprisoned not more than twenty years, or both, and shall be ineligible for employment by the United States or any department or agency thereof, for the five years next following his conviction.

As used in this section, the terms “organizes” and “organize”, with respect to any society, group, or assembly of persons, include the recruiting of new members, the forming of new units, and the regrouping or expansion of existing clubs, classes, and other units of such society, group, or assembly of persons.

#IAmSpartacus , when it gets real.

Thu, 04/05/2012 - 22:04 | 2321145 Sathington Willougby
Sathington Willougby's picture

If the feds want you , they got you , you are all guilty fucks for being born and a conviction on conspiracy applies to anyone whoever fogged mirror.

"One of these days, I'm going to chop you into little pieces"

If you're unattached, the USA a good place to see in your rearview mirror.  This type of shit never ends well.

Thu, 04/05/2012 - 20:56 | 2320985 Xanadu_doo
Xanadu_doo's picture

what this makes me think of? Why THIS of course...

http://www.youtube.com/watch?v=7m1UWSD-FaA

A place where nobody dared to go
The love that we came to know
They call it Xanadu
(It takes your breath and it'll leave you blind)

And now, open your eyes and see
What we have made is real
We are in Xanadu
(A dream of it,we offer you)

Thu, 04/05/2012 - 23:02 | 2321227 Milestones
Milestones's picture

Knockout vidio!! Thanks for the post.                       Milestones

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