By Bob Unruh
© 2009 WorldNetDaily

Federal Reserve

U.S. House hearings are scheduled to start a week from now on a proposal from U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve, which oversees U.S. monetary policy, and the congressman believes the plan actually could become law this time.

Paul, who has sponsored similar legislation on and off since the 1980s, during this Congress for the first time is seeing significant support for the idea of looking into the actions of the decision-makers who set interest rates and take myriad other actions that affect Americans’ financial well-being.

The Federal Reserve, an independent organization apart from the U.S. government, largely has operated behind a veil of secrecy for decades, but Paul told WND today that its operations could be about to face the light of day.

“We have 289 cosponsors for the bill, including 111 Democrats and all of the Republicans, so we’re doing well,” he told WND. “It’s been referred to the financial services committee, and [Chairman Rep.] Barney Frank said he’s willing to move it along.”

Frank was the one who scheduled hearings on the proposal to start Sept. 25.

According to a schedule posted on the website of the committee, “Oversight and Audit Issues at the Federal Reserve” will be discussed on that day.

Paul long has been a critic of the secrecy of the Federal Reserve.

You’ve never needed to understand money like you need to understand it now! “Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free” unravels the deception of the Federal Reserve and presents a crystal clear picture of the financial abyss towards which we are heading.

“Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar,” he said earlier. “Since 1913, the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy.”

He said the recent economic circumstances are helping generate support, and there are a multitude of questions that eventually could be answered.

For example, who made the decision to help Goldman Sachs and let Lehman Brothers fail? Was there a personal agenda? Who decided how much money to give General Motors? What about the money deals the Federal Reserve cuts with other nations? Who are the beneficiaries?

The Fed has “more money than Congress,” Paul said, citing the need to uncover the “international shenanigans, deals with other central banks, as well as financial institutions and corporations.”

“There’s going to be a lot of yelling and screaming before this is over,” he said.

“In the last year, I am sure they have been very much involved in the gold market,” he said.

Demand the money managers come clean by signing the petition in support of an audit of the Federal Reserve now!

Federal Reserve officials, meanwhile, are “fighting tooth and nail” against releasing any information sought under several lawsuits already in the court systems, he said.

WND recently reported that the Fed, despite being ordered to disclose to whom it awarded some $2 trillion in discount “stimulus” loans, continues its fight for secrecy.

When a U.S. district court judge rejected the Fed’s argument that the names of borrowers are exempt from disclosure under the Freedom of Information Act and ordered the board to release the information, the board appealed.

Revealing that information, the secret organization argued, could lead to a backlash from bank customers and stockholders.

“What has the Fed got to hide?” asked Vermont Sen. Bernie Sanders in an e-mail about the case. “The time has come for the Fed to stop stonewalling and hand this information over to the public.”

“They don’t want anybody to bother them. I don’t think they want us to know,” Paul told WND.

“To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have,” Paul wrote in a recent Straight Talk commentary. “They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability.”

Frank only weeks ago told Fox News that the Fed probably is heading for “a complete audit.”

He said the bill would reveal to the public what the organization buys or sells.

Paul said his legislation, because of its majority support, could be brought up as a separate plan but then might have more hurdles in the Senate and could even face a veto from President Obama.

He said a more logical scenario is including it in a package of proposals now being developed to correct problems revealed in the recent economic downturn that would include a variety of other consumer protections.

June 9th, 2009                                                                                                                                Phone: (703) 383-0880

“The Federal Reserve has committed taxpayers to bailouts totaling

$7.76 trillion in less than two years,” said Wilson.  “No member of

Congress, including House Republicans, knows where the entirety

of this $7.76 trillion will go, because the Fed is mostly exempt from

being audited and attempts at oversight have been met with consistent

stonewalling.”—ALG President Bill Wilson

ALG Calls Upon 26 House Republicans to Cosponsor Fed Audit Bill

June 9^th, 2009, Fairfax, VA—Americans for Limited Government President Bill Wilson today called upon 26 House Republicans to cosponsor legislation that would require an audit of the Federal Reserve “to account for more than $7.76 trillion committed by the Fed in just the past two years.”

“So far, 151 House Republicans are cosponsoring this critical legislation,” Wilson said.  “But unless the entire 178 member Conference is on board, including leadership, this legislation will not have a realistic chance at passage.”

The 26 House Republicans who have not yet signed on to the legislation are:

Wilson commented that the bill, HR 1207—sponsored by Congressman Ron Paul (TX-14)—would “provide a full accounting of the Fed’s irresponsible activities of moving trillions of dollars to foreign governments and banks, crashing markets, and wrecking the economy.”

“The Federal Reserve has committed taxpayers to bailouts totaling $7.76 trillion in less than two years,” said Wilson.  “No member of Congress, including House Republicans, knows where the entirety of this $7.76 trillion will go, because the Fed is mostly exempt from being audited and attempts at oversight have been met with consistent stonewalling.”

“This bill needs to get passed before all of the $7.76 trillion is pushed out the nation’s back door,” Wilson warned.

According to Bloomberg News, the Federal Reserve has committed over $7.76 trillion in the past 20 months, $1,67 trillion of which has already been disbursed. However, it is unclear who received these loans, or who will receive the remainder of the committed funds.

Wilson added, “Nobody has publicly accounted for where nearly $2 trillion of loans made by the Fed is going—because the Fed refuses to disclose that information and because law exempts most of the institution from being audited by the GAO.”

Wilson cited that the Government Accounting Office, according to 31 USCA §714, cannot audit and exempts from public oversight of the Federal Reserve the following activities:

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items.

On February 26^th “Federal Reserve Transparency Act of 2009″ was introduced.  H.R. 1207 would require the Comptroller General to issue an audit of both the Board of Governors and Reserve Bank operations, which are run by member banks of the Fed. The audit would have to be issued to Congressional leadership by the close of 2010.

According to Bloomberg, “The Federal Reserve so far is refusing to disclose loan recipients or reveal the collateral they are taking in return.” The Fed has argued it is actually allowed to withhold “internal” memos as well as commercial and trade secrets information. Bloomberg, on the other hand, has actively filed a Freedom of Information Act (FOIA) request, demanding the information.

Thus far, the Fed’s Board of Governors has refused to comply with Bloomberg’s FOIA requests.  In addition, the Fed’s regional Reserve Banks are arguing that they are private institutions beyond the reach of the Freedom of Information Act.

In answering questions from Congressman Alan Grayson (D-FL) recently, Fed Inspector General Elizabeth Coleman testified she could not account for “$1 trillion-plus that the Fed extended and put on its balance sheet since last September…”

An email to Bloomberg by Coleman’s office also revealed that “By law, we are the Office of Inspector General for the Board of Governors only… Consistent with our authority, we cannot conduct a direct audit of Reserve Bank operations.”

So far, the Act has 190 cosponsors, including 39 Democrats and 151 Republicans.

“It is up to the constitutional duty of every member of Congress to account for these trillions of dollars that taxpayers are increasingly being put on the hook for in a hasty gamble that may yet consume the nation in bankruptcy without any true oversight having ever been conducted,” Wilson concluded.

This is just about the most embarrassing thing I have ever done.  The following article appeared in Pravda for crying out loud.  YES the same publication that used to be the Soviet Union main stream media propaganda machine of choice.

The following article, from the Russians, is a lecture!  It is not a lecture to our U.S. Government or to the U.S. Congress or to the Judicial Activists at the Supreme Court who legislate Government mockery of our cardinal laws written in The Constitution, NO, they are lecturing us, We The People who, through the blessings of our creator, originally INVENTED FREEDOM for the WORLD!

WHAT  HAVE  WE  DONE?   What have we personally and individually, each one of us, done, OR should I say NOT DONE, to have deserved this righteous criticism that drives a stake right through the heart of John Adams himself who said:   “Posterity!  You will never know how much it cost the present Generation to preserve your Freedom! I hope you will make good use of it. If you do not, I shall repent in Heaven, that I ever took half the Pains to preserve it.”

Oh Mr. Adams, Forgive Us;  There are so many amongst us who have let The Federal Reserve company, a cartel of 12 private banks, owned by only 40 mega-powerful men, and our U.S. Congress and Executive Branches who We The People have let devise our public school curriculum that has purposely avoided teaching us even the one and ONLY meaning of Freedom and, additionally, the INDIVIDUAL responsibilities each one of us has to ENFORCE the LAWS as WE The People did ordain and establish ON our U.S. Government, to protect it. 

Why every day we let our Government and minions of Satan himself destroy our belief and support of our divine creator who bestowed upon us the unalienable rights that are the core of freedom itself.  Forgive us, Mr. Adams, Mr. Jefferson, Mr. Madison, Mr. Franklin, and all the rest of our honorable and noble Founding Fathers as well as all of our Minutemen and Militia and Revolutionary War Veterans who so gallantly fought against our own Government, we were all BRITISH subjects before the Revolutionary War started, for the cause of freedom.  Please also, great warriors of liberty and freedom, of all the armed forces who have died since for the very same great, worthy and noble cause, forgive us.  For you did NOT let us down, you laid your lives down for us, and we willingly, as “sheeple” gave our freedom away to the very sort of usurping, oppressive, tyrannical, despots  of whom ilk you so courageously fought.  Rest O spirits of honor, for there are brave amongst us who soon will rise from “The Masses” of Marxism, Communism and Fascism and we shall do everything in our power to restore the freedom and liberty that you laid down your lives for.  You did not die in vain!  We shall use every avenue at our disposal to peacefully ENFORCE every single word and syllable of The Constitution upon our Government.  And, if the oppressors and tyrants dare to push us into a corner, we will have the courage to do whatever is necessary to restore the canons of both of our founding documents.

Rest well my dear Founding Fathers and Patriots.  Our lights in the church tower have been lit and we shall ensure the passage of the torch of the ONE AND ONLY meaning of FREEDOM to our children, one way or the other; for there are those amongst us who And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.

And now, folks, look at how pitiful the World, including Russians, now see us for our own individual carelessness of our personal RESPONSIBILITIES to ENFORCE the LAW upon our Government.   Have you even bothered to read THE LAW in the Constitution?  Do you have any conception at all of its meaning and why it IS NOT A LIVING DOCUMENT to be changed at the whim of men in Congress or certainly not Supreme Court judges?

If you want your prosperity back, IF you care one miniscule iota about your children and your grandchildren then by God, you must learn the meaning, reason and spirit of our Founding Documents and the foundation of the essence of God himself that resides in it!  For ONLY THEN will our Godly blessings of prosperity and INDIVIDUAL power over our Government be returned to us, through our own courage and hard toiling work that is now required.  – -  Capt. Karl

Read and whimper, people, this article from Russian Pravda:

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It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.

True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.

Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.

First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their “right” to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our “democracy”. Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different “branches and denominations” were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the “winning” side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the “winning” side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America’s short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.

Then came Barack Obama’s command that GM’s (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of “pure” free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.

So it should be no surprise, that the American president has followed this up with a “bold” move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK’s Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our “wise” Anglo-Saxon fools find out the folly of their own pride.

Again, the American public has taken this with barely a whimper…but a “freeman” whimper.

So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set “fair” maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.

The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.

The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.

Stanislav Mishin

The article has been reprinted with the kind permission from the author and originally appears on his blog, Mat Rodina

It states in the Internal Revenue Service Code that Income Taxes are “VOLUNTARY”.  In addition the following link is a recent video of Senator Harry Reid stating for the record that Income Taxes are “VOLUNTARY”. 

Additionally www.TruthAttack.org and www.GiveMeLiberty.org have proof that, according to the LAW, there IS NO LAW that the average American citizen or small businessman has to file or pay taxes.

Thirdly there are many Special IRS Agents that are no longer paying Income Taxes because while at the department they discovered that the whole Income Tax fiasco is nothing more than an elaborate sham.  Here is only one of several:  IRS Special Agent finds Federal Income Tax a HUGE FRAUD!

And, if all the above wasn’t enough, according to the publically available Grace Commission Report, not a dime of ANY INCOME TAXES goes to the U.S. Treasury to pay for ANYTHING that you have been lead to believe is paid for by Government or your Income Taxes.    All Income Taxes go DIRECTLY to the coffers of a humongus private international company that is owned by forty mega-powerful far beyond SUPER-RICH men who dominate not only the United States and our Federal Government, but the world.  What is the name of the private company that the IRS sends your income taxes to DIRECTLY for their personal “profit” called “interest” on the public debt?

That private international company, that is as “Federal” as Federal Express, is called THE FEDERAL RESERVE “SYSTEM”.   Why the hell are you sending your money to a private company whose owners are mostly foreigners, mostly British?  Are we crazy?

So let me get this straight….   We are sending “voluntary” money that costs each of us more than we spend on food, clothing and shelter, to a cartel of twelve huge private banking companies that vast majority stock isn’t even owned by U.S. interests and  has almost nothing to do with the Federal Government, to service so-called “public debt” for stuff that the U.S. Congress spent TRILLIONS of Dollars on that for 93%+ of it does little or nothing for us or our families personally, and we do this yearly through intimidation by IRS Agents that are basically like the Agents in the movie “The MATRIX” who raid our homes and our businesses all for a “MATRIX” like economy that only exists in our minds because we have been programmed to believe in this economy based on the reality of Monopoly money printed by THE TRILLIONS from a glorified monster computer printer at “THE FED” from which these forty private mostly foreign persons can give or lend, with or without interest, to any person, company, or Government (through their IMF Division – of our Income Tax money) they want?  Our tax dollars at work, “voluntarily”, even when our economy is going to hell in a hand basket and we are beginning to wonder where we are going to house our own children and where our next meal might come from!   Isn’t that special?  – - Capt. Karl

I wonder what it would be like if we could keep all of our earnings, as per the LAW as written in The Constitution and supported by several Supreme Court cases, and we could spend it the way we felt was best for ourselves and our families?  I wonder how much better our economy would be if we would keep it in the economy under the history proven productivity of FREEDOM AND LIBERTY before THE FEDERAL RESERVE act of 1913 (and the lying sham of the ratification of the 16th Amendment by the deceitful usurper of all time – Secretary of State Philanderer Knox) that is completely against OUR Constitutional LAW?  I wonder how much more God would have blessed America if we would be using his money, Earthly assets, God’s blessings of the labor and sweat of man motivated by keeping his full earnings per hour and Earthly resources such as gold, silver and other God made valuable elements traded and bartered rather than the blessings being printed out of a corporate computer printer?   What do we need God for, I wonder, if we can print all the money we want to, out of thin air with impunity?  Haven’t we taken God out of the equations of life by doing this for DECADES?  If “our creator” blessed us with certain unalienable rights and we have taken him out of the equation of life by printing TRILLIONS of Dollars of to thin air on a glorified monster computer printer, and we don’t need him anymore, than from whom are we getting our rights from?  Hmmmm?  Our Governmenmt perhaps?  God   HELP   US  ! ! ! ! ! !

Has the U.S. Government become our God?  Or the company and the owners of the company that gives them “offers and advice that they can’t refuse”, if they want to have any money to spend, called THE FEDERAL RESERVE “SYSTEM” who created “The MATRIX’ (or fake economy that only exists in our minds, created and based on little more than Monopoly Money and who collects all Income of our Taxes through (IRS) MATRIX Agents just like in the Movie.

And then after we “voluntarily” give our money to this private company, who borrows ever single cent to the Federal Government that they spend and collect even more interest on it, from us, they have the gull to use our tax money directly against us, our freedoms, our liberty, our rights, our personal property, our LAWS set forth in OUR Constitution that We The People did ordain and establish upon our Government, and soon perhaps our very lives.  The power to tax is the power to destroy!

What is the matter with us?   Why are we doing this to ourselves?

We must, We The People, stand up and fight such tyranny!  We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

This Wednesday April 15th, at the Tea Parties across America by the hundreds, WE DO NOT ONLY protest against TAXES we PROTEST TO RESTORE OUR Constitution of the United States of America TO ITS FULL FORCE AND EFFECT upon our Government!  People tell everybody you can, on this day, that you are protesting to support the CARDINAL LAWS of our country that We The People did ordain and establish UPON OUR FEDERAL GOVERNMENT.  Tell them that we DEMAND that the LAWS therein be ENFORCED to the full extent of every WORD, Word for WORD, in spirit and intent, as it WAS meant before any legalize spin or judicial activism by the Supreme Court, any lower court or any and all constitutionally contemptuous legislation ever enacted! Only this will restore our freedom, liberty, our rights, protect our earnings, protect our property and restore our individual prosperity.

What do you think about an Administration and U.S. Congressman, such as Charlie (tax cheating) Rangel (D-NY) that states this:

FOLKS ,   HOW  LONG   ARE  WE   GOING   TO   LIVE   IN   DENIAL   THAT    OUR   COUNTRY,    OUR   JOBS,    OUR   LIBERTY,   OUR   FREEDOM    AND   OUR   AMERICAN   WAY   IS   BEING   SYSTEMATICALLY    DESTROYED?

 NOW    WILL    YOU   RISE   UP    AND    DO     SOMETHING?     SOON   YOU   WILL   ONLY   HAVE   A   COUPLE   OF   HOURS   TO   DECIDE    TO   RISE   UP   OR    THE    U.  S.    GOVERNMENT    WILL     HAVE    DESTROYED   OUR   ABILITY   TO   RISE    UP    AND    ACTUALLY   DO   ANYTHING    TO    DO    ANYTHING,    BECAUSE    THEY     WILL    ENTIRELY    DESTROY     THE     CONSTITUTION    AND    THE    PROTECTION    OF    OUR   NATIONAL    AND    INDIVIDUAL   RIGHTS    AND    LAWS    ON   GOVERNMENT.

If you want to go out and have a cocktail or a few beers at a Supper Club or tavern,  for Gods, sake  talk about these things with everybody you see.   Your freedom, your jobs, and your lifestyle depends on how much you talk about these matters.   You have little time left…   Go out into the public and talk about these things.  YOU   HAVE  TOO!    Denying that these things by our enemy, The U.S. Government, are happening is the ultimate in utter stupidity and foolishness.

AND forward a link of this blog to everybody.   Where else is anybody going to learn that we have been living in a REAL (FINANCIAL)  “Matrix” just like in the movie.   “The Matrix” is what most call “OUR ECONOMY”.   Our economy is supported by The Dollar.   The Dollar have printed on them what they really are  FEDERAL RESERVE “NOTES”.  A  “NOTE” is nothing more than a “promise” to pay back the holder with “real” money in the future; an I.O.U.

Trillions of Dollars have been / are being printed out of thin air.  How can wealth and blessings of wealth be printed out of thin air and the value of it be sustained.  IT ISN’T POSSIBLE!

Our economy, better to be understood using the term: “The Matrix”,  only exists in our minds because our minds have been programmed to believe that the Dollar is worth a Dollar while in “REALITY” it represents little more than any paper and ink that comes out of your home printer.  How would you like to be able to print money out of your home printer and be able to use that money for whatever you wanted and give or borrow, at interest or no interest, however much you wanted to whoever you wanted?

The FEDERAL RESERVE “SYSTEM” is a cartel of twelve private banks which are owned and entirely controlled by forty mostly foreign mega-powerful persons.  Congress Constitutionally illegally gave “The FED”, which is as “Federal” as Federal Express, the ability and the authority to print as much money as they want for whatever reason they want, so that the Federal Government would have the ability to have limitless borrowing to grow far beyond the authority and laws written in OUR Constitution.  Our Income taxes go Directly from IRS collection centers and are given to THE FEDERAL RESERVE company to pay “interest” on the Government borrowed money.  NONE of our Income Taxes goes to the Treasury and NONE of our Income Taxes are used for the things that Government spends money on.  It all goes to THE FEDERAL RESERVE company for their own personal purposes in the form of profits from interest on The Public Debt.  They lend some of our Income Tax money to the U.S. Government because this private company believes it is a good risk and has a good return on investment of ‘THEIR MONEY”.

We have to let “The MATRIX” collapse.  Yes that is exactly the same as saying, We have to let our ECONOMY collapse.  This is also the same as saying we have to let the prison of our minds collapse, because without TRUE freedom of our minds and true freedom in REALITY we can not ever have TRUE individual prosperity.

Besides letting our economy collapse, we must FORCE the U.S. Government to OBEY the laws WE THE PEOPLE did establish and ordain as written in The Constitution, to the Word, Spirit and Intent as it WAS meant before any legalize spin or judicial activism by The Supreme Court.  And, we must revisit any Amendments, that were claimed by any lying Secretary of State, such as Secretary Philanderer Knox, to have been ratified.  The 16th Amendment would be a good first one to take a good and thorough looksie at the ORIGINAL “STATE Certified” documents from the States.   THIS IS ONE ITEM THAT THE AMERICAN PEOPLE MUST FIGHT FOR TO HAVE DONE, SO WE CAN GET OUR FREEDOM, OUR REAL ECONOMY, OUR MONEY AND OUR PERSONAL PROPERTY BACK! 

After “The Matrix” (our economy) has collapsed and AFTER we have RE-ESTABLISHED  the Constitution to its full force and affect upon our NEWLY CONSTITUTIONALLY Established Government, we can rebuild our economy using REAL   Dollars, backed by gold and silver bullion, and gold and silver coin, and create real INDIVIDUAL wealth and prosperity.  Just imagine how quickly we will be able to restore the wealth our minds were programmed to “think” we had, when all of our earnings are ours to keep.  Just think how much money we will be able to GIVE in love to others to help our neighbors, our friends and brothers/sisters in need.

Just think of how God will bless America once more when he creates the “real” wealth and not a private company called THE FEDERAL RESERVE and we honor and pray to him for our individual prosperity and economy instead of praying to our almighty Government with our hands out begging to them.  What has happened to us and our honor that we would beg the U.S. Government for handouts?  What has happened to us when we pray to Government for blessings, food and housing instead of to God?  What has happened to us when we honestly believe that a private company called The Federal Reserve can create wealth and prosperity for us from printing presses and then, in the end, not have to pay for it out of our own property and sweat in the form of slavery through taxation?  We must have gone mad!  No, actually, we let public schools, the main stream media, the U.S. Government and The Federal Reserve and their Trilateral Commission, use a technique called “Mass Behavior Modification” on our minds.   We started to believe all of this stuff and we let them remove God from the equation of life and our lives.  We must get ourselves de-programmed so that we can live in TRUE freedom and procure the actual blessings of a loving God and NOT the cold hands of the U.S. Government being controlled by a humongous privately held corporation called THE FEDERAL RESERVE “SYSTEM” that created “The MATRIX” (our ECONOMY that only exists in our minds and that which is Godless as it is made up of little more than printers ink and paper).

We must not fear the blessed collapse of “The MATRIX” (OUR ECONOMY) that only exists in our minds anyway) which controls our minds and our lives in a prison you can not touch or see.  A form of slavery through taxation and massive NEAR FUTURE increases in taxation that we can ill afford and which will only serve to deepen the U.S. Government’s and The Fed’s control and manipulations of us and our daily lives AND ultimately the entire destruction of Liberty and Freedom under God.

The final result of our current course is a hybrid of Socialism, Communism and Fascism resulting in the equal distribution of misery in poverty under a one world government with nowhere to run to escape to freedom.  No America to run to.  A U.N. style total TOTALITARIAN world wide State in the nightmare of equal poverty where everyone in the world is ”encouraged” to sing together (at the point of a fully automatic weapon held by a soldier under a blue helmet)  ”We are the people, We are the Children“  and “It’s a Small World After All“, as if we were in the Disney World ride from hell.  (Okay, I know, AS crazy as it sounds, seeing and hearing for myself, actions such as  The Secretary of Labor Robert Reich  above, I know  this is true and a fact AND that’s enough for me!  I’m ready to grab my gun right now! (especially the singing part – really!  go to your pubic school right now today, they are really having and programming our children to do and sing this stuff getting them ready for the “NEW WORLD ORDER” multi-culturalism, over Tolerance, Anti-American nightmare, sadly this IS NOT A JOKE!  GO  SEE  AT  YOUR   OWN   PUBLIC   SCHOOL, to witness it for yourself)  And, to complete the “behavior modification” the “programmers” who work for THE FEDERAL RESERVE / U.S. Government and the NEW WORLD “It’s a Small World After All” ilk will now say about me and the gun thing;  See a bible thumping “gun clinging” nutcase;  just to control and brainwash YOUR mind/s..  Why,,,     so that liberty, freedom, personal individual prosperity and God can not come back.  They are, without question, of the darkside, minions of evil.  The minions who want to rub out God and any sense of righteousness and morality.  How can printing money from a printing press, resulting in no need for God what-so-ever (at least on Earth) be moral?).  If there is a God and you chose ”The MATRIX” printing presses over the collapse of “The MATRIX” (our economy), rather than and in preference to honoring  God, then why should he bless us with “REAL” assets, resources and individual prosperity?  

And, how do you think he is going to judge you when the time comes?   None of us will have a choice but to decide which side we are on, the side of freedom, liberty, individual prosperity and God, OR the equal distribution of misery in poverty in a Godless Socialist, Communist, Fascist hybrid under a U.N. One World Governance ultimately controlled by the forty owners of THE FED and their printing presses printing out the NEW WORLD CURRENCY.  . – -  Capt.  Karl

Dr. Ben S. Bernanke 14th Chairman of the Federal Reserve company.

1. Government’s Must continue to take FORCEFUL, “COORDINATED”, action to restore financial markets.
2. Continued viability of systemically important banks is vital.  In layman’s language that means that all governments need to continue to raise withholding and payroll taxes on all working people to give to big banks.
3. Treasury and The Fed will take any necessary steps to ensure banks have enough capital and liquidity. This means that they will continue to take as much ADDITIONAL money out of our future earnings as they need to give to big banks.
4. Reform of U.S. Financial System should be “COORDINATED GLOBALLY”.  This means that their should be a One World Government so that no American or anybody else in the world has a place to run to to protect their INDIVIDUAL earnings, property or freedom from the Government or the Banks.
5. Bernanke: Regulators Must insist banks can monitor and manage risks in a timely manner. This means that Big banks should have the authority to dig into the private affairs of private lives and businesses and even tell them what to do if they feel like it.
6. Calls for “CONSOLIDATED SUPERVISION” of all systemically important financial institutions by The Federal Reserve company.  This means that The Fed, the largest most powerful private corporation in the world, should have ultimate control over all banks that hold the individual banking accounts of Americans. and eventually all accounts throughout the world.
7. U.S. also needs to supervise all systemically important non-bank financial firms.
8. FED focusing on contingency plan for two clearing banks that handle Repos.  This means that The Fed is working to setup two Big Banks to take what you own in property when you go broke from the future ADDITIONAL taxation of your earnings, which will be 80 – 90% of the common working man’s paycheck.  The vast amount of GDP wealth resides with the Hundreds of Millions of the average working class in America; therefore, The FED, the private company who “profits” through the collection of ALL INCOME TAXES paid in the United States, which THEY collect through the IRS, according to The 1983 Grace Commission Report to President Reagan, will receive your personal property through these two banks when you all go broke from taxation, which will occur with in three years or so.
9. Fed should have explicit authority over systemically important payment and settlement systems. This means that The Fed will decide who gives and who receives, who is allowed to be wealthy and who will pay to develop the wealth for the anointed.
10. Bernanke suggests either tighter controls on Money Market investments or Insurance Plan.

We all need to see what Thomas Jefferson, President and Founding Father of our Nation, said about Central Banks like The Fed:

1.  
   1. Banking institutions, paper money, and paper speculation are capable of undermining the nation’s stability and could be a danger in time of war. The Constitution does not empower the Congress to establish a National Bank. Rather than trust the nation’s currency to private hands, the circulating medium should be restored to the nation itself to whom it belongs.
   2. ″Paper is poverty,… it is only the ghost of money, and not money itself.” –Thomas Jefferson to Edward Carrington, 1788.
   3. ″It is a [disputed] question, whether the circulation of paper, rather than of specie, is a good or an evil… I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:409 
   4. “One of three great measures necessary to insure us permanent prosperity… should insure resources of money by the suppression of all paper circulation during peace, and licensing that of the nation alone during war. The metallic medium of which we should be possessed at the commencement of a war, would be a sufficient fund for all the loans we should need through its continuance; and if the national bills issued be bottomed (as is indispensable) on pledges of specific taxes for their redemption within certain and moderate epochs, and be of proper denominations for circulation, no interest on them would be necessary or just, because they would answer to everyone the purposes of the metallic money withdrawn and replaced by them.” –Thomas Jefferson to William H. Crawford, 1816. ME 15:30
   5. “It would be best that our medium should be so proportioned to our produce, as to be on a par with that of the countries with which we trade, and whose medium is in a sound state.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:430
   6. “That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied. –Thomas Jefferson to Josephus B. Stuart, 1817. ME 15:113
   7. “The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals… it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:430
   8. “Scenes are now to take place as will open the eyes of credulity and of insanity itself, to the dangers of a paper medium abandoned to the discretion of avarice and of swindlers.” –Thomas Jefferson to Thomas Cooper, 1814. ME 14:189
   9. “The States should be applied to, to transfer the right of issuing circulating paper to Congress exclusively, in perpetuum.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:276
   10. “The evils of this deluge of paper money are not to be removed until our citizens are generally and radically instructed in their cause and consequences, and silence by their authority the interested clamors and sophistry of speculating, shaving, and banking institutions. Till then, we must be content to return quoad hoc to the savage state, to recur to barter in the exchange of our property for want of a stable common measure of value, that now in use being less fixed than the beads and wampum of the Indian, and to deliver up our citizens, their property and their labor, passive victims to the swindling tricks of bankers and mountebankers.” –Thomas Jefferson to John Adams, 1819. ME 15:185
   11. “Private fortunes, in the present state of our circulation, are at the mercy of those self-created money lenders, and are prostrated by the floods of nominal money with which their avarice deluges us.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:276
   12. “It is a cruel thought, that, when we feel ourselves standing on the firmest ground in every respect, the cursed arts of our secret enemies, combining with other causes, should effect, by depreciating our money, what the open arms of a powerful enemy could not.” –Thomas Jefferson to Richard Henry Lee, 1779. ME 4:298, Papers 2:298
   13. “I now deny [the Federal Government's] power of making paper money or anything else a legal tender.” –Thomas Jefferson to John Taylor, 1798. ME 10:65
   14. “A spirit… of gambling in our public paper has seized on too many of our citizens, and we fear it will check our commerce, arts, manufactures, and agriculture, unless stopped.” –Thomas Jefferson to William Carmichael, 1791. ME 8:230
   15. “All the capital employed in paper speculation is barren and useless, producing, like that on a gaming table, no accession to itself, and is withdrawn from commerce and agriculture where it would have produced addition to the common mass… It nourishes in our citizens habits of vice and idleness instead of industry and morality… It has furnished effectual means of corrupting such a portion of the legislature as turns the balance between the honest voters whichever way it is directed.” –Thomas Jefferson to George Washington, 1792. ME 8:344
   16. “We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor in the earth. It is vain for common sense to urge that nothing can produce but nothing; that it is an idle dream to believe in a philosopher’s stone which is to turn everything into gold, and to redeem man from the original sentence of his Maker, ‘in the sweat of his brow shall he eat his bread.’” –Thomas Jefferson to Charles Yancey, 1816. ME 14:381
   17. “I own it to be my opinion, that good will arise from the destruction of our credit. I see nothing else which can restrain our disposition to luxury, and to the change of those manners which alone can preserve republican government. As it is impossible to prevent credit, the best way would be to cure its ill effects by giving an instantaneous recovery to the creditor. This would be reducing purchases on credit to purchases for ready money. A man would then see a prison painted on everything he wished, but had not ready money to pay for.” –Thomas Jefferson to Archibald Stuart, 1786. ME 5:259
   18. “We should try whether the prodigal might not be restrained from taking on credit the gewgaw held out to him in one hand, by seeing the keys of a prison in the other.” –Thomas Jefferson to Thomas Pleasants, 1786. ME 5:325, Papers 9:472
   19. “The maxim of buying nothing without the money in our pockets to pay for it would make of our country one of the happiest on earth.” –Thomas Jefferson to Alexander Donald, 1787. ME 6:192
   20. “That we are overdone with banking institutions which have banished the precious metals and substituted a more fluctuating and unsafe medium, that these have withdrawn capital from useful improvements and employments to nourish idleness, that the wars of the world have swollen our commerce beyond the wholesome limits of exchanging our own productions for our own wants, and that, for the emolument of a small proportion of our society who prefer these demoralizing pursuits to labors useful to the whole, the peace of the whole is endangered and all our present difficulties produced, are evils more easily to be deplored than remedied.” –Thomas Jefferson to Abbe Salimankis, 1810. ME 12:379
   21. “The system of banking [I] have… ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.” –Thomas Jefferson to John Taylor, 1816. ME 15:18
   22. “The banks… have the regulation of the safety-valves of our fortunes, and… condense and explode them at their will.” –Thomas Jefferson to John Adams, 1819. ME 15:224
   23. “I sincerely believe… that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816. ME 15:23
   24. “The incorporation of a bank and the powers assumed [by legislation doing so] have not, in my opinion, been delegated to the United States by the Constitution. They are not among the powers specially enumerated.” –Thomas Jefferson: Opinion on Bank, 1791. ME 3:146     

   25. “[The] Bank of the United States… is one of the most deadly hostility existing, against the principles and form of our Constitution… An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?” –Thomas Jefferson to Albert Gallatin, 1803. ME 10:437     

   26. “The monopoly of a single bank is certainly an evil. The multiplication of them was intended to cure it; but it multiplied an influence of the same character with the first, and completed the supplanting the precious metals by a paper circulation. –Thomas Jefferson to Albert Gallatin, 1802. ME 10:323     

   27. “In order to be able to meet a general combination of the banks against us in a critical emergency, could we not make a beginning towards an independent use of our own money, towards holding our own bank in all the deposits where it is received, and letting the treasurer give his draft or note for payment at any particular place, which, in a well-conducted government, ought to have as much credit as any private draft or bank note or bill, and would give us the same facilities which we derive from the banks?” –Thomas Jefferson to Albert Gallatin, 1803. ME 10:439     

   28. “Bank paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs. It is the only fund on which they can rely for loans; it is the only resource which can never fail them, and it is an abundant one for every necessary purpose. Treasury bills, bottomed on taxes, bearing or not bearing interest, as may be found necessary, thrown into circulation will take the place of so much gold and silver, which last, when crowded, will find an efflux into other countries, and thus keep the quantum of medium at its salutary level. Let banks continue if they please, but let them discount for cash alone or for treasury notes.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:361     

   29. “The art and mystery of banks… is established on the principle that ‘private debts are a public blessing.’ That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:420     

   30. “The bank mania… is raising up a moneyed aristocracy in our country which has already set the government at defiance, and although forced at length to yield a little on this first essay of their strength, their principles are unyielded and unyielding. These have taken deep root in the hearts of that class from which our legislators are drawn, and the sop to Cerberus from fable has become history. Their principles lay hold of the good, their pelf of the bad, and thus those whom the Constitution had placed as guards to its portals, are sophisticated or suborned from their duties.” –Thomas Jefferson to Josephus B. Stuart, 1817. ME 15:112     

   31. “Put down all banks, admit none but a metallic circulation that will take its proper level with the like circulation in other countries, and then our manufacturers may work in fair competition with those of other countries, and the import duties which the government may lay for the purposes of revenue will so far place them above equal competition.” –Thomas Jefferson to Charles Pinckney, 1820. ME 15:280     

   32. “But it will be asked, are we to have no banks? Are merchants and others to be deprived of the resource of short accommodations, found so convenient? I answer, let us have banks; but let them be such as are alone to be found in any country on earth, except Great Britain. There is not a bank of discount on the continent of Europe (at least there was not one when I was there) which offers anything but cash in exchange for discounted bills.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:277     

   33. “If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air… We are warranted, then, in affirming that this parody on the principle of ‘a public debt being a public blessing,’ and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:423     

   34. “Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.” –Thomas Jefferson to Thomas Cooper, 1814. ME 14:61
   35. “Certainly no nation ever before abandoned to the avarice and jugglings of private individuals to regulate according to their own interests, the quantum of circulating medium for the nation — to inflate, by deluges of paper, the nominal prices of property, and then to buy up that property at 1s. in the pound, having first withdrawn the floating medium which might endanger a competition in purchase. Yet this is what has been done, and will be done, unless stayed by the protecting hand of the legislature. The evil has been produced by the error of their sanction of this ruinous machinery of banks; and justice, wisdom, duty, all require that they should interpose and arrest it before the schemes of plunder and spoilation desolate the country.” –Thomas Jefferson to William C. Rives, 1819. ME 15:232   

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Mike Segar/Reuters

Maurice R. Greenberg is A.I.G.’s former chief executive.

Mr. Rangel had already helped secure a $5 million pledge for the project from a foundation controlled by Maurice R. Greenberg, one of the company’s largest shareholders and its former chief executive. And C.C.N.Y. officials, according to the school’s own records, had high hopes for A.I.G. — a donation of perhaps as much as $10 million.

The company has never made a contribution. But less than a month after Mr. Rangel met with its officials, the company turned to the congressman for help: A senior A.I.G. executive who had attended the fund-raising meeting wrote a letter directly to Mr. Rangel, chairman of the powerful House Ways and Means Committee, urging him to support a provision of a tax bill that would save A.I.G. millions of dollars a year, according to Joseph M. Norton, a company spokesman.

Representative Charles the tax cheat Rangel D-NY

Mr. Rangel’s exchange with A.I.G. last spring appears to be at odds with the public statements he has made since his fund-raising for the school became an issue. When his approach to A.I.G. was first reported in The Washington Post in July, Mr. Rangel said that he could not recall any issues his committee might have considered in which A.I.G. had an interest.

“I can’t think of one piece of legislation that impacts them, and there has never been a time that they’ve raised any legislation to me,” the paper quoted Mr. Rangel as saying. Indeed, in Mr. Rangel’s formal submission to the House ethics committee, asking it to review his use of Congressional stationery in soliciting money for the school, he wrote, “So far as I am aware, none of those whom I wrote had any pending requests into my office, lobbied me regarding any legislation before my committee, or asked me for assistance on legislation in which they had a special interest.”

Mr. Rangel, who had opposed the tax change A.I.G. was seeking — part of a much bigger piece of legislation — ultimately allowed it to be added to a bill he sponsored. Mr. Rangel’s aides, and fellow Democrats on the Ways and Means Committee, say that he agreed to the bill only after being persuaded by other members of Congress that it would help an array of American companies weather the economic uncertainty.

After Mr. Rangel’s office was asked in recent days about the letter from A.I.G., Janice Mays, counsel to the Ways and Means Committee, said a search of the committee’s records had not turned up a copy of it. But she said Mr. Rangel had already changed his mind about the tax provision before A.I.G. says it sent him the letter.

Federal statutes and House ethics rules forbid members of Congress from asking for anything of value from a person or company with business before them.

Ms. Mays said those rules did not prohibit members of Congress from raising money for nonprofit organizations, even from people or companies with interests before the government. And she said Mr. Rangel’s representation to the ethics committee last summer concerned only those instances in which he had written to potential donors on Congressional stationery, not those he might have met with personally in seeking donations.

A review of Congressional records indicate that A.I.G. had interests in a number of issues before Mr. Rangel — both prior to Mr. Greenberg’s gift and the congressman’s solicitation of A.I.G., and afterward.

Records kept by the Clerk of the House of Representatives indicate that during the past two years, A.I.G. has paid lobbyists to push for changes in at least 10 bills that have been handled by the Ways and Means Committee, including the $700 billion bailout bill that passed in October to stabilize the financial markets.

A.I.G. lobbyists, the records show, pushed for legislative items that would lower taxes on various life insurance products, offer foreign tax credits to multinational corporations and lower the corporate tax rate. The company’s financial services arm hired lobbyists to oppose a push to tax private equity income at a higher rate and to shape new reporting requirements for investment firms.

And because A.I.G. does business around the globe, the company also lobbied on trade issues, which are handled by the Ways and Means Committee.

The available public record shows that A.I.G. prevailed in some of its lobbying efforts and failed in others.

Asked two weeks ago to provide a detailed accounting of Mr. Rangel’s dealings with A.I.G. officials and lobbyists regarding legislation during the past two years, the congressman’s spokesman and lawyer have said they are unable to complete such a time-consuming task during the holidays. And they challenged the fairness of the request.

The New York Times this week sought a response from Mr. Rangel himself about whether, in general terms, he had any reservations about seeking the money and meeting with A.I.G. officials, and a major shareholder, given what the record suggests were the company’s interests before his committee.

Ms. Mays wrote on Friday: “The law expressly permits members of Congress to engage in fund-raising activity on behalf of nonprofits such as C.C.N.Y. and recognizes that donations will inevitably coincide with legislative activity.”

Ms. Mays said the $10 million figure contained in C.C.N.Y. records as the possible size of an A.I.G. contribution represented “an appropriate request” at that time “given the company’s other support for nonprofit educational activities.”

Mr. Norton, the A.I.G. spokesman, said there was no connection of any kind between Mr. Rangel’s bid for a donation and the company’s lobbying on the tax matter.

A.I.G., one of the world’s 20 largest corporations, has been at the center of several public crises during the past year.

In September, the company received an $85 billion federal bailout when its possible bankruptcy threatened to further undermine the teetering economy. Two months later, after an intensive lobbying effort involving the Treasury Department and Federal Reserve, terms of that financial rescue were enhanced and the amount of federal money involved swelled to $150 billion.

Details of the bailout have been negotiated primarily by the Treasury Department and Federal Reserve. Mr. Rangel’s aides have said he played no role in the bargaining. Democratic Congressional leaders who have been consulted by the Treasury Department about how much government assistance A.I.G. should receive and how the bailout should be structured said the congressman’s aides were correct.

“To say that Chairman Rangel has had minimal involvement in the bailout negotiations would be overstating things,” said Representative Barney Frank, Democrat of Massachusetts and chairman of the House Financial Services Committee.

Mr. Greenberg, who has clashed publicly and in lawsuits with the executives who succeeded him after he was forced out of A.I.G. in 2005, has been highly visible as the company’s problems have made it a ward of the federal government.

Mr. Greenberg has not returned repeated telephone calls over the past month requesting an interview about his dealings with Mr. Rangel and his donation to C.C.N.Y. A spokesman for C. V. Starr, the investment fund headed by Mr. Greenberg, said last week that Mr. Greenberg was out of the country and could not be reached.

Mr. Rangel’s spokesman on the Ways and Means Committee declined to say whether the congressman had spoken with Mr. Greenberg about his strategy to persuade federal officials to revise the tax-funded rescue plan, but said in an e-mail message, “The bailout appears to have done nothing to benefit Mr. Greenberg as a shareholder, with the value of A.I.G. stock dropping from $60 at the beginning of the year to $1.50 a share.”

At a news conference last summer, Mr. Rangel said that he and Mr. Greenberg had forged a friendship based on their service in the Korean War, during which both men were awarded a Bronze Star for valor.

So in July 2006, when Mr. Rangel wrote to 100 philanthropic organizations seeking support for the C.C.N.Y. project, one was sent to an administrator at the Starr Foundation, where Mr. Greenberg serves as the chairman. The foundation did not make a donation in 2006, according to C.C.N.Y. officials. In March 2007, two months after Mr. Rangel had been elevated to Ways and Means chairman, he wrote a letter directly to Mr. Greenberg, using his Congressional stationery.

By the end of the year, Mr. Greenberg had pledged $5 million, by far the largest contribution to a project that has raised $11 million to date.

Ms. Mays said the Starr Foundation had a “well-established record of charitable giving,” and was “a logical potential source of funding for C.C.N.Y.”

In 2008, Mr. Rangel participated in a meeting with officials at A.I.G., to ask for their support. Mr. Norton, the A.I.G. spokesman, said that the purpose of the meeting was to ask whether A.I.G. would make a financial contribution to C.C.N.Y., although he did not know whether a specific dollar figure was discussed. Mr. Rangel and the C.C.N.Y. officials left the meeting without a commitment.

But several weeks later, in a letter dated May 13, Edward T. Cloonan, the highest-ranking A.I.G. official who attended the fund-raising meeting with Mr. Rangel, wrote to the congressman asking him to support the extension of a tax provision designed to help American-based multinational companies lower their obligation to the I.R.S., which was set to expire. Mr. Rangel, who had announced plans to add an array of “tax extenders” to an energy bill he was preparing to introduce that month, opposed extending the specific measure Mr. Cloonan and A.I.G. were lobbying for.

The measure, known as the “subpart F active financing exception,” would benefit a broad coalition of American companies, including hundreds of financial services firms, and according to estimates by the nonpartisan Joint Taxation Committee would cost the Treasury $3.97 billion in revenue in 2009 and 2010. A.I.G., which Congressional records indicate spent more than $9.5 million on lobbying in 2008, had its own lobbyists and three outside firms pushing to extend the measure.

By early May 2008, concern about the damage that American businesses would suffer if the tax break was allowed to expire had grown so great that Democrats on the Ways and Means Committee held two meetings to ask Mr. Rangel to extend it.

Representative Joseph Crowley, a Democrat from Queens, said he pressed the issue because it helped Citigroup, a major employer in his district. At least two committee caucus meetings to discuss many aspects of the legislation followed — on May 7 and May 13 — and Mr. Rangel relented, Mr. Crowley said, and agreed to extend the measure for one year.

“While Chairman Rangel opposed extending the provision this year, a majority of the Democrats on the Ways and Means Committee supported doing so and the chairman listened to his membership,” Congressman Crowley said in an e-mailed statement.

On the date of the second caucus meeting, Mr. Cloonan wrote to Mr. Rangel, according to Mr. Norton. “We urge the Ways and Means Committee to include the tax provision commonly known as subpart F exception for active financing income in the current round of tax extenders legislation,” the letter said, according Mr. Norton.

Mr. Crowley’s spokeswoman said the congressman was unaware A.I.G. had written Mr. Rangel about the matter and had thought that “due to other distractions, A.I.G. was not active in lobbying the issue.”

The spokeswoman, Angela Barranco, in a statement Friday, said Mr. Rangel had changed his mind after the May 7 meeting. Mr. Rangel’s aides say that a document dated May 12 from the nonpartisan joint committee on taxation indicated that he had signed off on the provision.

Mr. Rangel included the provision in the Renewable Energy and Job Creation Act of 2008, which was introduced on May 14 and which passed the House a week later, then stalled in the Senate over the summer.

But in September, after the House of Representatives rejected the first attempt to pass a $700 billion bill intended to stave off the collapse of the banking system, leaders in the Senate revived Mr. Rangel’s bill as part of a compromise that won approval in both houses.

“There is simply no connection between Chairman Rangel’s advocacy on behalf of an educational institution in his district and legislation affecting A.I.G.,” Ms. Mays said.

I have been trying to tell people about this collapse since 1982. When I started a group called F.A.I.R. (Families Against Imminent Robbery), which was founded on the concerns of the Socialist unsustainable programs of Medicare and Social Security.

What we are going through now IS ABSOLUTLY NOTHING and a Cake Walk!  Compared to the Social Security and Medicare Socialist debacle that isn’t even being talked about yet.  Skip what is going on now is meaningless compared to what is to come.  Social Security and Medicare is now $90 Trillion Dollars in UNFUNDED debt, over the infinite horizon.  We all either pay 80% of our earnings JUST FOR THESE TWO PROGRAMS or we get LITTERALLY shot at by the people who are going to demand their entitlements. 

Personally I have already committed to going into the ditch with my children and standing up to the Social Security and Medicare entitlement demanders and the (IRS) AGENTS of
“The Matrix” for I believe in freedom and I am going to fight for my children and the future of my country.

No Wascally Weform Allowed

Do any of the head honchos at AARP realize how ridiculous they appear in their irrational opposition to any Social Security reform and their steadfast support of the status quo? I have long been suspect of AARP’s support of big government programs. I have turned fifty two and the last thing I will want is to be a member of such a liberal anti-freedom group as this.

You know that I have been writing e-mails about this economic collapse, regarding the financial crisis, the failure of huge corporations, huge bank failures, in detail, for at least three years.  I told everybody that “The Matrix” (the ECONOMY that only exists in our minds) was going to collapse between 2007 and 2015 only dependent on oscillations with complex derivatives affecting economic structure or what I call “The Matrix”.  I have details and writings of this all over the Internet in forums and The Liberty Tree Lantern years ago.  My personal investment assets had a gain of 191% since 2000.

Some other people listened to me and had around the same profit rates.

Coming next is the combination Civil / Re-Revolutionary War within three years.  Hopefully people will “LEARN” that only freedom, true freedom, with NO “Matrix” from the owners of The Federal Reserve “System” will ever bring back the wealth they “thought” they had in their minds.  It is vital for posterity that a critical mass of Americans learn or understand the “true” meaning of freedom and how to work hard and pray to rebuild our nation after the war.  I find it incredible that people honestly thought that The Fed can print TRILLIONS AND TRILLIONS of wealth out of “thin air”, paper and ink and give / lend it to whomever they want.  Only God can create wealth out of thin air or the void of space.  I cannot believe the blasphemy of our fellow citizens to honestly believe that a private corporation can print wealth, spit in Gods face by completely taking him out of the equation of life by printing monopoly money, and get away with it in impunity.  We’ve got one heck of a spanking coming for our childish lack of responsibility and disrespect for God.

Once we learn our lessons, understand that it is OUR personal and INDIVIDUAL responsibility to make sure our children learn the true and only meaning of FREEDOM, how to keep it, why it is the best way to go by far and that we personally and INDIVIDUALLY, but united, have to ALWAYS force Government to OBEY the LAW that We did ordain and establish upon them, I believe our wealth will come back as good or better than ever, through hard work, high technology, the incalculable wealth generation of true freedom under the blessings and resources provided by our creator.  We that survive the war and the imminent collapse of “The Matrix”, will be amazed how fast God replenishes our individual wealth without the shackles of Government, “The Fed” and it’s “Matrix” pounding our heads, brainwashing our minds and stealing our earnings.

      I wouldn’t even take the time to write but I am beginning to believe you really care about us, despite some misconceptions in idealism you sometimes convey, because of the town hall meeting you conducted via telephone last night.  I believe you are really trying and I appreciate that.
     So I am going to take the time to inform you as of the basis of all of our financial and many of  our societal problems.  I can’t write everything here, but I can give you a basis from which to further deliberations toward real solutions for our economic dilemma.
     First of all, all Congressmen need to START with the fact that mankind cannot print wealth out of thin air through the use of paper and ink. Only our creator can create blessings and wealth out of thin air or the void of space.  Until you get that into your head you can forget ever trying to fix our nightmare.  It has been Congress and the largest private company on Earth trying to play God, first and foremost through the Constitutionally contemptuous passage of The Federal Reserve Act of 1913, by a handful of corrupt Congressmen held over by President Wilson on either Christmas Eve or the day before, while all of the honorable Congressmen were out-of-town and multiple Constitutionally contemptuous legislation since that point that has caused our plight we have today and before us.
      Secondly, in order to resolve our economic plight the U.S. Congress must obey all the laws of The Constitution, especially with regards to the 9th and 10th Amendments and the balance of the ‘enumerated’ powers clauses of The Constitution.  Both houses of Congress must accept the ensuing consequences on the size and scope of Government as a result of  obeying the law with in these clauses.  I think you know what that means, or I sure hope you do. The Federal Government is supposed to do little more than be an Agent of the FREE, independent and sovereign States and so the States are not suppose to be Agents of nor do the bidding of the Federal Government.
     America, financially speaking, is like an air tight vault (leave free trade out for this conversation).  In this small room we have an 800 pound gorilla, the Government, and the rest of us.  You have sucked all the financial air out of the room and we the people are suffocating because you are “usurping” up all of our economic air and power of a “free” people, as never intended by our founding fathers.
     The TARP and this additional stimulus are only going to make things far worse because you are “allowing” The Fed to print wealth out of thin air again.  Don’t you even realize how blasphemous this is?  Certainly you realize that there has to be some reasonable level of “hard” assets backing up at least some major portion of those FEDERAL RESERVE “NOTES” (I.O.U.s).  So within three years Congress is going to have to withhold far more taxes out of all American’s paychecks.  And, you know it!  Now add Social Security and Medicare to these costs plus the costs to run the non-Constitutional scope of Government and you have big trouble as a result of The Federal Reserve (private banking company) and Socialist programs and blasphemous “we’re God” so we can give out “free stuff” to our constituents like Socialist thinking of elected officials.  Socialism has never and will never work in the entire universe, because it takes the creator of the universe out of the equation.  Additionally it immorally takes the need for man to show goodwill toward man because “government” will take care of them.
     Now, in addition, and I know you realize this because I heard you mention it during the telephonic town hall meeting last night, what is going to be the true value of the dollar after you have “The Fed” print TRILLIONS upon TRILLIONS of FEDERAL RESERVE “NOTES” in terms of inflation?  You give this “out of thin air” paper and ink wealth to whomever you choose, like Big Bankers, Big Business and who knows who else, because they are too rich to fail.  The fact is this collapse of what I call “The Matrix”, the economy that only exists in our minds as we have been programmed to believe in public schools, the main stream media, the U.S. Government and “The Fed”, much like the movie, is supported by little more than monopoly money, with little in the vault in hard assets, to support these “NOTES”.  The economy is not collapsing for the reasons you think, it is collapsing to correct itself to the true out of “The Matrix” value of the dollar.  The only way to regain our freedom, individual prosperity and blessings from God to restore that which we “thought” we had is to let “The Matrix” collapse and rebuild it with hard work and our God blessed natural resources through the strict enforcement of The Constitution in full force and effect upon the U.S. Government.
     Bottom line: To resolve this peacefully you need to admit to all of the unconstitutional actions Congress has done for the past nine decades and reverse each and every one of them.  The false economy based on printed out of thin air wealth has to be allowed to “correct” completely, as bad as that is going to be and Government needs to obey the law in the Constitution which will result in us keeping  our earnings so that we the people can get to work, in the blessings and shear power of freedom, to undo what Congress has done to our economy, to us and to God.
     If Congress does not come clean, with every single tenet of the Constitution, word for word, to the spirit, intent and meaning, as it ‘WAS’ meant on the day it was ratified before all the legalize spin and judicial activism, the people will through financial hardship become motivated to learn the true meaning of freedom and how it results in individual prosperity and happiness.  Because of the motivation of hunger and hardship we will learn of our American history, heritage and unique American religious culture and the comparison of the results other non-freedom / socialist governments with regards as to how those forms of government always end up like we are headed to now because of Congress implementing those very same type of socialist policies and playing God.  We the people will learn that it has always been up to us individually to educate our children as to the science of government, to enforce our laws that we placed upon Government to protect our earnings and our economy which is protected by freedom.
     If you really want to help us, you must help our countrymen to understand all the legislation and actions Congress has done through the last nine decades, that were not completely and entirely Constitutional, why and how that is causing our economic plight and what you are going to do to reverse it, meaning only have Government do those things specifically enumerated in the constitution and that, thereby, we and our economy will be able to keep our earnings, which are created only by the sweat of man and the blessings of God and not the printing presses of the largest most powerful privately owned corporation in the world, which is as “federal” as Federal Express.      

     If you want to help us, let us be as free as the Constitution orders you, let the economy reset, and get out of our way.  What you need to understand is that you and your legislations and stimulus / TARP are standing in the way of God and freedom.  And that is not advisable.  You see, God is on the side of the free and the brave because true freedom leaves individual fate, free choice and the result of it in the creator’s hands, where it belongs.
     America might not know it yet nor understand it, but this is the change we are looking for.  But my fellow countrymen will soon come to know of the horrors of the “free stuff” of socialism, like Social Security, Medicare, Universal Health Care (?) and all of the “social” programs that try to take the “need” for God and personal individual care and goodwill out of our lives.   We will learn that taking “free individual choice” out of our lives by Congress is not only the loss of freedom, but also results in the loss of earnings and personal property to those making the decisions for us.
     Personally, I don’t think that you or anybody in Congress has the will or the spirit to reverse the course you and your predecessors have placed us on, the march toward the valley of darkness of socialism.  But, I think that is okay, because it is not up to you, it is up to we the people to enforce the laws that we did ordain and establish on Congress.  We have a lesson to learn, and learn it we are.  Once this economic and science of government and history course along with the necessary economic spanking of probable divine providence is over, we will be coming to teach Congress the lessons we have learned which is to take care of our personal responsibilities as a people to enforce OUR laws on you and to make sure that our posterity is taught the true meaning and canons of freedom.  Mark my words, the day will come, if you do not change course and comply with the entirety of the Constitution word for word, when the entire land of the free and home of the brave come to employ our education.
     BTW; You could start with complying with the 1st Amendment which states:  Congress shall make no law… abridging the right of the people to petition the government for a redress of grievances.  We The People Congress has served you with a Legal Notice and Demand to honor this amendment a few months ago.  If you really cared about our economy and The Constitution you would at least address our petition of grievances.  I heard that many in the Government think that our founding fathers wrote this provision in the 1st Amendment for their health rather than for the Government to actually redress such direct Constitutional grievances as the one We The People Congress have submitted to you.  Do you think that our founding fathers wrote the right to petition provision for you to ignore it?  Or, will you address our petition?

Lawmaker: Banks ‘Need to Be Suspending These Bonuses’

By JUSTIN ROOD
Jan. 13, 2008

Some banks are quietly helping their executives to six-figure awards — some object to the word “bonus” — even as they take many millions in taxpayer bailout funds, a review of business filings shows.

Some banks are quietly helping their executives to six-figure awards — some object to the word “bonus” — even as they take many millions in taxpayer bailout funds, a review of business filings shows.

(ABC News)

First Horizon Bank in Tennessee gave its incoming Chief Financial Officer a $350,000 award in mid-November, according to a filing with the Securities and Exchange Commission. Just three weeks earlier, the bank announced it would take $866 million from the Treasury Department’s Troubled Assets Relief Program.

The award was a signing bonus for the new CFO, William C. “BJ” Losch III, who had just joined the Tennessee bank, according to its filing. John Daniel, executive vice president of human resources for First Horizon, explained Monday the amount was not a bonus, but meant to compensate Losch for money and stocks he forfeited when leaving Wachovia Bank , his previous employer.

First Horizon executives would forgo performance bonuses this year, Daniel said, although “it’s conceivable” that certain executives could receive other cash awards or stock, to keep them from leaving the bank.

Lawmaker Objects to Cash Awards for Execs at Bailed Out Banks

On Capitol Hill, Rep. Elijah Cummings, D-Md., has led the charge in Congress against cash awards for executives at bailed-out banks. He says these banks “need to be suspending these bonuses.”

That message isn’t meant just for First Horizon. Virginia-based Hampton Roads Bankshares handed out nearly $1 million in cash to two top executives at the end of last year. Hampton Roads took $80.3 million in TARP funds in early December; on Dec. 31, it announced it had awarded signing bonuses to two executives of a bank it had bought.

D. Ben Berry, who was chosen to be president of Hampton Roads, received $500,000 in “consideration” for signing a non-compete agreement, according to the filing and the bank’s general counsel; David R. Twiddy, who signed on to remain a top executive of the subsidiary bank, received $425,000. The payments were first reported by the business blog footnoted.org.

 Bonuses and Other Perks Are Burning Issues for Shareholders

Douglas Glenn, executive vice president and general counsel for Hampton Roads Bankshares, said the payments “were not bonuses in any way, shape or form,” but compensation for signing the employment agreements.

Bonuses, awards, “consideration” — executive pay and perks are a burning issue for shareholders, the Wall Street Journal reported Monday. Shareholder activists are preparing to push limits on executive compensation far stricter than what the Treasury has built into its TARP program.