AIG OUTRAGE SHOULD BE PROPERLY DIRECTED

AIG OUTRAGE SHOULD EXTEND TO FED & PAULSON TREASURY

The Fed is NOT the Government! Wall Street Financiers, NY FED, International Central Bankers are to Blame.

Bailout Boil-over

Anger, confusion, outrage, misinformation, disinformation, cover-ups, responsibility avoidance, finger-pointing, political posturing, buck passing, ignorance and outright lies – that is what I’m hearing in all the hoop-la over AIG bonuses.

It’s all a dog and pony show, and the real culprits go unnoticed and the main issues are not even being discussed.

After listening all week and all day today to the angry comments about the AIG retainment bonuses, I’ve just about abandoned all hope of saving our republic. There is just too much ignorance about the real causes of the financial meltdown. There has been a corporate feeding frenzy at the public taxpayer trough since the S&L collapse of 1989, and the Enron scandal and throughout the last several decades. It has grown into a Frankenstein Monster in the past decade, but it has taken far too long for the public to become outraged over the criminal excesses coming from Washington and Wall Street. What we are now seeing is the drama over whether the tail is wagging the dog, and which one is Wall Street and which one is Washington, and our real government.

The vast majority of the news MSM TV commentators apparently know little more about the way the Federal Reserve runs the country than the average citizen. Even more appalling is the sad fact that our senators and congressmen seem so ignorant of the nebulous relationship between the Fed and the Government. Reporters are using the terms “Fed” and “government” interchangeably, and this continues to obscure or hide the fact that the “Federal Reserve” is not part of the federal government. The name is deliberately deceptive to give that impression, when the reality is that it a private for profit banking corporation. It is independent of the federal government, even though there is supposed to be some congressional oversight.

Everybody is outraged about the hundreds of millions in bonuses AIG contracted to the key traders in its Financial Services division. What people should be outraged over is the larger issue of who made the decisions to bail out AIG in the first place. It was the Fed’s sole decision, unilaterally, with no approval or oversight from congress to give the first 80 Billion to keep the company from defaulting on its credit default swaps, the worst and riskiest kind of derivatives.

Too Big to Fail? Or Too big to Exist?

Most of that money went out to other counterparties like Goldman Sachs, JP Morgan, Bank of American and so on, all the “too big to fail” financial institutions. IMO, too big to fail is too big to exist. We should have anti-trust and anti-monopoly laws to protect the American people from the kind of financial rape that is now occurring. And financial rape is exactly what it is, and I am not just talking about just $160 million in bonuses. That is just the tip of the iceberg. The entire financial bailout package was a criminal enterprise designed to rape the US taxpayer out of $Trillions. Not that it hadn’t already been going on for 80 years, but the crooks apparently just decided compound interest on the US Dollars they loan to the US was too slow, so they went for the goose what was laying the golden eggs.

It starts with the Federal Reserve Act of 1913, and the handing over of America’s sovereign right to create and manage our nation’s currency to the Federal Reserve System, and all private banks that indulge in the practice of fractional reserve banking. The details are too complex to cover here. See my website for further information.      NEXT:           Here’s what is wrong with our system:   Continue reading

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Is There No Way Out?

Is There No Way Out?

Who would have thought it possible?   How did we come to this place? Can our republic be saved without destroying capitalism?  Are we going bankrupt?  Is our financial system sound?  Why are trillions in assets evaporating?  Do our leaders know what they are doing?  What is happening?  Who can you believe?  Who can you trust?  How bad are things going to get?

I surf blogs and forums quite a bit, and everywhere I go people are angry and confused over the economy. Now, after the Obama Democratic administration has been in office for 6 weeks it is getting much worse. It is as if President Obama’s critics feel as if 6 weeks is enough time for him to have totally fixed every imaginable problem, not only in America, but in the entire world. In many quarters it is much worse. We hear Obama being blamed for everything that is wrong with the world economy. Seriously. It’s all his fault, according to the right wing media blitz. I hear talk of rebellions and revolutions from both the extremes on the right and the left. He’s not unwinding the wars in Afghanistan and Iraq fast enough. He’s not vetoing earmarks on legislation. He’s not closing Gitmo fast enough. He hasn’t done this or that and yada-yada, blah-blah, ad infinitum.

I’m having trouble believing what I’m reading, and when I read it again, it hasn’t changed. It’s still crazy. It’s nuts. It’s Alice in Wonderland. It’s The Matrix. Sadly, I realize that this is precisely why our civilization is falling apart, and our economy is collapsing like the house of cards it really is. Maybe what we are holding on to is just one big insane asylum! No one seems to have a clue about reality anymore. Well, perhaps “no one” is a bit hyperbolic, but “darned few” is a very realistic assessment. Few very are willing to take the “red pill”, step out of the Matrix, and see “how deep the rabbit hole goes”.

The Democrats have no answers, with the possible exception of Kucinich. The Republicans have no answers, although Ron Paul has a few clues about the problems. In other words we are in serious, if not apocalyptic, trouble.

Here are some questions I picked out of a few minutes surfing one forum today, along with my comments. But these questions are all over the place, everywhere, and the kinds of answers to them I’m seeing offers little hope of a good solution, to put it mildly.

Is there no way out?

Well, YES, there is, but NOT until a critical mass of people see it. and understand it. Until then, the way will be closed. I will show you the way out. I will explain it very carefully. But will you listen? Will you hear it? I doubt it. You have too many cherished myths and urban legends in the way. You have bought into a system of pleasing fables that you would rather keep than see the truth. You see, knowing the truth means you must act on it, and that means making changes you are uncomfortable with, and its scary, and your myths and legends are safer, and the truth makes your head hurt, and you get dizzy thinking about it… and … and … and …. and …

Who would have thought it possible?

I would, for one, and have been writing and saying so for many decades. So have many others. The ancient prophets foretold of these days. John the Revelator warned us about them, as did Jesus. If you really want answers, go to those who have seen this coming and are not selling something.

How did we come to this place?

Ignorance, in a word. Poor information and education. Deception. Trickery. Misdirection. Smoke and mirrors. Selfishness. Greed. Lust for power and privilege. Failing to place controls and limits on power, especially financial power. The last is really the key. Our founding fathers knew a lot, but they were fuzzy on money and economic issues, and did not provide ways to limit financial power as they did with the other checks and balances. Jefferson predicted it. So did Madison, Franklin, Adams, Paine, Monroe, Jackson, Van Buren, Lincoln, Garfield, Wilson, FDR, and countless others of note. We have not been listening, or heeding their strong warnings.

We came here through ignorance of the power of money, and its potentials for abuse and corruption when not properly handled, controlled and regulated for the benefit of the people as a whole. This is not what you have been taught, but it is the truth.

Can our republic be saved without destroying capitalism?

The “wrongness” of this question illuminates the problem, and even shows us “how we got here”.

What is your conception of “our republic”? Are “we” only interested in saving “our” republic? What about the rest of the world? Don’t others and “their republics” count?

Maybe we first have to think about how to save others before we can see how to save ourselves. But then, that is silly, isn’t it? We all have to look out for number one, and let others take care of themselves as best they can, right? Like Cain, we are still avoiding the answer to the question, “Where is your brother?”, with, “Am I my brother’s keeper?” We still need to figure that one out.

Another revealing issue is the question: What is in “our republic” that is worth saving? And why the concern with preserving “capitalism” from destruction? Is “capitalism”, as it is practiced now, so precious? Is our current form of “capitalism” sacred? If so, why is it collapsing? Why have trillions of taxpayer dollars had to go to keep banks that are “too big to fail” from failing? Is it smart to wish to preserve such a rotten and corrupt financial system? Forget “smart”; is it even sane?

What do you really mean by these terms? Do you know what “capitalism” is, or how many variations of it exists, or has existed? Have you considered that the particular version of it we now have could be the cause of problem, and that it probably should be altered or destroyed and replaced with something better? Do you know the difference between financial capitalism and monopoly capitalism? Or between these and laissez-faire capitalism? Do you even know what “capital” really means? The point is that these terms have changed in meaning, and sometimes in very “Orwellian” ways.

You see unless and until each of us can honestly and accurately answer those questions there really is “no way out”. We will not find the exit and the fire will consume the theater audience, stage, and actors. Many of the producers will also be killed or injured.

On the other hand, once you do answer them that way the “way out” becomes clear. Even better, the fire hoses are revealed. Safety can be had for all. The theater and all that are left in it can be saved.

You see, you can’t fix something unless you know what it is that is broken. And right now few people are even asking the right questions, let alone finding the true answers.

Philosophers and historians have written more volumes on these words, and what they mean, than one could read in a lifetime, or even several. I’ve read many of them, and my all writings try to condense and simplify the essential knowledge that must be gained by both individuals and civilizations, and then “lived into wisdom”. Like a parent watching a beloved child headed into the seduction of drugs, easy money, and fast women (or men) and knowing it will end badly, with much loss, pain and suffering, those of us who have survived our mistakes and learned our lessons must see our warnings ignored, and our experience disdained.

While I am writing longer books on these issues that may or may not ever see publication, I post blurbs like this around the Internet, hoping to touch a few souls who may then reach a few others. So the remaining message will be brief, and those who wish to learn more will have some direction to other resources.

All our major world problems, from poverty to wars, including our current economic crisis, is at its base a spiritual crisis. Unless the spiritual confusion and darkness are resolved to a sufficient degree, the material aspects of its manifestation cannot be fully addressed or long resolved. By “spiritual” I am in not way referring to church or temple membership or attendance, wearing crosses, crescents or stars, or subscribing to creeds and dogmas that some men or women have substituted for the real thing. That “real thing” is an inner sense of being spiritually connected to the universe – to our common Creator from whence all creatures and worlds originate, and to Whom we will all someday return – IF that is our choice. This is an inner, unseen but very real sense of connectedness that can eventually be experienced by the individual. Once that happens no further proof or demonstration is needed.

That is not the answer you were looking for, perhaps, but it is nevertheless true. You are seeking the more immediate and secular answer. And so you will have it.

Would you like a one-word answer? Power. Two words? Monopoly Power. Three words? Unchecked Monopoly Power. Four? Unlimited, Unchecked Monopoly Power. Another good word is Totalitarianism, as in the economic variety.

Here are some sign posts to point “the way out.  But can you really handle the truth they contain?

http://www.webofdebt.com

http://webofdebt.wordpress.com

http://www.monetary.org

http://www.informationclearinghouse.info/article18205.htm

as well as this site.

From much past experience, I doubt that many people will look at the information presented in those links. However, they do show us “the way out” that was the subject of this post.

I am not suggesting that people stop preparing for worst-case scenarios. On the contrary, without a change in course, we are headed straight over the cliffs and into the abyss, just as so many people are beginning to fear. But without knowing what caused the problem it is impossible to know what to fix, or rebuild something better when the status quo self-destructs.

First, ask the right questions:

Who has the real power over others? Who really controls things? Who really calls the shots? What really constitutes power? What role does wealth and money play in the distribution of power? What is wealth? What is money? How has the ownership of wealth and money evolved down through time? What is different today? What kind of government do we really have? Who controls our government? Are the checks and balances between branches of government working? Are the checks and balances between individuals, families, neighborhoods, communities, towns, cities, states, and nations working as they should? How should nations align themselves continentally or internationally? What is “sovereignty”? Who has “sovereignty”? How is sovereignty distributed now? How should it be distributed? Does it flow from the top down, as in the “divine rights of kings”? Or does it flow from the bottom up, as in a democracy? What role do laws play? Are laws created or changed from the bottom up or the top down? Is everyone subject to the law, or are some entities or corporations above the law? What role do agreements, contracts, charters, and constitutions play?

A daunting list of questions and issues to be sure, but some understanding all of them is necessary to understanding today’s economic crisis, and why it will only grow progressively worse until the system itself it changed. The body of mankind has a life-threatening cancer, and unless it is surgically removed or otherwise treated, it will consume and kill the host. As is a real individual cancer, early detection and treatment is essential to the patient’s survival. It is not at all clear now that the host, our global economic body, can be saved at this point. Nor is it clear to what degree our national economic bodies can be saved. Iceland’s has already collapsed, as did Argentina’s, Russia’s, Spain’s, and a growing list of other nations and states.
What of the USA?

Ask the above question about our nation, and then get honest answers to them. My website will help, as might the other resources I’ve listed.

The bottom line is that we have a thoroughly corrupt private (NOT government or public) monetary system, and money (currency, electronic credits and debits, etc.) is the cancer we must root out and cure or replace with a more democratic form of currency that benefits the public rather than private bankers, as is now the case. Ben Franklin and Abraham Lincoln showed us the way out.

Our wisest forefathers foresaw this day.

Jefferson, Madison, Franklin, Adams, Paine, Monroe, Jackson, Van Buren, Lincoln, Thomas Edison, Henry Ford, and untold others warned us about the money monopoly, the money power, the money trust, the eventual usurping of government of, by and for the people with that of, by and for the monopoly corporations.

There was a reason President James Madison said:

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

Or Andrew Jackson’s address to Congress 1829:

“You [central bankers] are a den of vipers and thieves and I intend to rout you out, and by the eternal God, I will rout you out. If Congress has the right to issue paper money, it was given them to be used by themselves, and not to be delegated to individuals or corporations…”

Or Jefferson:

“I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson.

Or Lincoln:

“The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers….. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power. “ – Lincoln Abraham Senate document 23, Page 91. 1865

These are but a few of hundreds of such statements that are on record warning us about the unlimited power of private money and the money-changers.  We must address and correct certain fundamental flaws in ways we conduct our financial and economic affairs.  Power corrupts, and power must be kept in some system of checks and balances so that it cannot become “absolutely corrupted”.  We must rethink our systems of checks and balances on financial power, because that can be more damaging to our world than runaway nuclear power.  We really are facing a financial Chernobyl on a scale geometrically larger than that disaster.

I especially recommend two books that tell the truth about money, and how its abuse has gained control over our lives and governments. They are The lost Science of Money, by Stephen Zarlenga, and Web of Debt, by Ellen H Brown. Other links and sources can be found throughout this my blogsite, http://WealthMoney.wordpress.com

Let me leave you with one thought.  There has been an onslaught of criticism of the Obama Administration, from not only the extreme right, but from fiscal conservatives and from the left.  I am mindful and sympathetic to many of those criticisms, especially those that he is appointing the wrong people, and is allowing too many of the former (Bush) administration policies in place.

What so many people fail to recognize is the degree to which ANY president, or even any congressperson, is locked in the grip of those money-masters and power-masters who are actiually running our nation (USA) and all but the most remote reaches of our world.

He can only make so many changes.  He is one lone mortal man who must have allies around him.  He must cooperate with the powers that be, even while he might be working to change them.  Remember that the mainstream media and money powers are all against reforms and changes that may limit their profits and power.

Make your criticisms positive ones, helpful and constructive ones. Don’t just blame.  Suggest workable alternatives.  The operative word here is “workable”, as opposed to fanciful.

Never before in our history can unthinking, hastily spoken words do more harm to the status of mankind.  We are on the brink of either terrible disasters or unimaginable progress.  The forces of light and darkness are demanking that we choose sides.  Selfishness and greed are always aligned with darkness.  Cooperation and kindness are always aligned with the light.

We must either wake up and grow up very quickly, or perish as a people and a civilization.  The time is now.  The choice is ours.  Choose wisely and well.

The American Monetary Institute

The American Monetary Institute.

An Abbreviated Monetary History of the US: Part 1

               Reforming the Global Financial System – Flushing the Parasites                            : Information Clearing House – ICH

Reforming the Global Financial System – Flushing the Parasites                            : Information Clearing House – ICH.

The Case for Monetary Reform

The Case for Monetary Reform.   This excellent article explodes the most popular misconceptions about money, and these popular myths are perpetuated by corrupt central banking systems, worldwide.

Web Of Debt Introduction

Introductory comments by Jere L Hough

For those who want to fully understand our world’s current financial predicament, the real look at “just how deep the rabbit hole goes”, I have found no other written work as thorough, plain spoken, and balanced as the book, Web of Debt, by Ellen H Brown.

For several years I had been planning to write a book exposing the Federal Reserve System, and the “international central banking syndicate” in ways that the common person with a high school education could easily understand. Finding and reading this literary triumph was both a great reward as well as a disappointment. I realized that I could do no better at explaining this difficult subject of money-creation and control than Ellen Brown had done in the book I was reading. My efforts have shifted now to trying to alert as many people as possible to what is really happening to our world’s economic systems, and why.

Let there be no doubt that those who control the economic systems and therefore, the money that is the life-blood of those systems, are more powerful than transient political leaders of the moment. Those who can collapse a nation’s economy with a nod of the head are more powerful than any president or prime minister, or congress or court. Only an awakened and informed citizenry can retake the power of economic sovereignty that has been taken from them by shrewd, wicked, greedy and deceptive international financiers who are now engaged in a dance of death for power and control over you, your family and future, and everything else we hold valuable and dear.

We can no longer afford to ignore these grave storm warnings of the approaching “perfect storm”. It is no longer coming.  It is here.  Financial and monetary reform can wait no longer.  Ellen H Brown’s peerless book, Web of Debt is the yellow brick road that could take us home.  It’s time we were on our way.    – Jere L Hough, 2009-02-25

Web of Debt
Ellen H Brown

Introduction:  CAPTURED BY THE DEBT SPIDER

President Andrew Jackson called the banking cartel a “hydra-headed monster eating the flesh of the common man.” New York Mayor John Hylan, writing in the 1920s, called it a “giant octopus” that “seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection.” The debt spider has devoured farms, homes and whole countries that have become trapped in its web. In a February 2005 article called “The Death of Banking,” financial commentator Hans Schicht wrote:

Continue reading

The Hidden Truth About Money

Hi. Thanks for stopping in. I’m Jere L Hough.  Welcome to my new blog.

My current passion is money and economic reform. I hope to help others make the same paradigm shifts in thinking I’ve gone through since I’ve figured out that money really is the “root of all evil”, and why that proverb is more true today than ever before.

Of course the proverb says “The love of money is the root of all evil”, which needs further clarification. What is not addressed, and what I discovered, is that it is the mechanics of money creation and distribution that are currently at the root causes of our worldwide economic and monetary problems.

In other words the fatal flaws are systemic, and have been so ingrained and institutionalized within our culture and civilization that the corrective surgery could be as fatal as the disease, to use a medical metaphor.

This is not generally well-received news, if it is received at all. Most people that hear it immediately disengage, or turn on their processes of denial. If for not other reason, they just don’t want to think about the complexities of money and economics.

Who could blame them after 300 years of deliberate and massive efforts to abscure the subject of economics, and make it seem totally impenetrable to all but the Greenspans, Bernakes, Volkers, Rubins, Paulsons, Rockefellers, Morgans, Rothchilds, and other financial Gurus of modern times, dating from the era of Adam Smith?

In fact, few people who began reading this will still be reading this far. The eyes glaze over, and the 20 or 30 second attention span possessed by most people is already gone. But there are great rewards for those who stick with us for just a while longer.

You see, economics is not the layer upon layer of impenetrable mystery you have been led to believe by the various competing and confusing schools of economics, or economic thought. John Kenneth Galbraith got it right when he said, “The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it (p15). The process by which banks create money is so simple that the mind is repelled.” – John Kenneth Galbraith, Money: Whence it came, where it went – 1975, p29.

Whoa. What did he say? The banks create money? Haven’t you always thought that the government did that? And why would complexity be deliberately used to “disguise or evade the truth” about money? Why would economists want to “disguise or evade the truth”? What process of money-creation would repel the mind? Who benefits from all this intrigue, evasion and deception? Who profits? Who gains? Who loses?

We are going to answer those questions right here, and in a way that any motivated Middle School student could understand within a few hours of guided study. Let the experts figure out the problems of money and economics you say? Do you really think that is going to happen? It hasn’t happened yet, and it is unlikely to happen, because those with huge vested interests in keeping things as they now are will not let it happen.

Yet the USA, and the rest of the world, is caught up in a vortex or whirlpool of downward spiraling prosperity and economic well-being. Poverty is rising worldwide, and even in the wealthiest nations. Mass denial about the seriousness and causation of the economic crisis exists everywhere. People think that if they don’t think about it, it will just go away. People think that it is just a natural self-correcting economic cycle.

But people are generally wrong, and will tragically pay dearly for their denial, and their refusal to take corrective steps or actions.

Coming up! Answers to: “What did he [John Kenneth Galbraith] say? The banks create money? Haven’t you always thought that the government did that? And why would complexity be deliberately used to “disguise or evade the truth” about money? Why would economists want to “disguise or evade the truth”? What process of money-creation would repel the mind? Who benefits from all this intrigue, evasion and deception? Who profits? Who gains? Who loses?”

Stay tuned.