Showing posts with label End the Fed. Show all posts
Showing posts with label End the Fed. Show all posts
Tuesday, April 17, 2012
Monday, March 19, 2012
Monday, February 6, 2012
End the Fed (With a Comedic Twist)
This guy is funny and knows the truth about the Fed. Share it with your network.
Friday, December 16, 2011
Monday, November 14, 2011
Thursday, November 10, 2011
Are the Federal Reserve and Its Primary Dealer Banks Manipulating the Stock Market? by Gary D. Barnett
The U.S. economy has continued to falter since the housing bubble burst. Virtually every part of the economy has worsened, and continues to do so. This is also true on a global scale. Whether discussing unemployment, housing, inflation, GDP, retail sales, etc., the picture is clear, we are still in a depression. Even though the economic picture is bleak, the stock markets have continued to go up in value during this period. Why is this happening?
After the market collapse of 2008 and 2009, where losses were generally around 55%, the markets have gone up substantially. During that same period were QE1 and QE2. This is no coincidence. Bernanke took full credit for the rise in the stock markets, and for good reason. The "Quantitative Easing" programs were structured to transfer money (out of thin air) from the New York Fed to its primary dealer banks. This is done when the Fed purchases treasury bonds from these dealers, some of which include Goldman Sachs and J.P. Morgan, along with 18 others. This process infuses the banks receiving this money with instant liquidity. During QE2 for example, from November 3rd of 2010 through June 30th of 2011, the New York Fed bought from its primary dealers $770 billion worth of treasuries, not the $600 billion it claimed. These banks acquired many of these treasuries during the bailouts by trading worthless securities for full value treasuries. This was, by the way, at taxpayer expense.
There is a direct correlation between these bond purchases and stock market performance. When QE1 ended, after an increase of approximately 90% in the markets, the markets began to fall. After falling about 23% from those highs, QE2 was announced, and began in November of 2010. The markets proceeded to go up again until QE2 ended in June of 2011. After the money stopped flowing, there was a sudden drop of over 18% from July through September of this year.
Now it gets even more interesting. In just the past two weeks, the stock markets have gone up about 11%. During that same time frame, the Fed has purchased $39.9 billion of treasuries from its dealer banks, in the same manner as it did during QE1 and QE2. If continued, this is an $85 billion a month pace, similar to that of QE2. But remember, there is no announced QE3, and no report that I’ve seen has mentioned anything about this bond buying, but it is going on nonetheless.
The only survivor left standing in this economy seems to be the stock market. This performance should not be happening given the dire economic conditions we’re in today. This tells me that when the money stops for good, and the markets crash, all else will follow. In my opinion, the New York Fed is doing everything possible to make sure that the markets remain somewhat stable, and it is taking a lot of money to keep up this sham. Every time the money starts flowing, the markets rise, and when the money stops flowing, the markets go down. There is now a clear pattern, and it is directly related to money pumping by the Fed, money that goes directly to its primary dealer banks. This allows the banks to make large trading profits running up the markets, and allows the government to point to the markets as a sign that things aren’t so bad after all. This is a lie!
By going to this page of the New York Fed Permanent Open Market Operations, you can easily see how many purchases, and in what amounts, have taken place in just the past two weeks. Then compare what has happened in the stock markets over this same time frame. The same can be done for QE1 and QE2. This direct correlation is not accidental nor is it coincidental. Something is very wrong here, and the Federal Reserve is smack in the middle of this fraud.
The Federal Reserve System is not only destroying the value of our hard earned money, but it is involved in lies and manipulation, and is cloaked in secrecy. It is bailing out banks all over the world with fake money. The Federal Reserve is rotten to the core! How could any sane people allow one entity, a very corrupt one at that, to control the entire monetary system? That is a travesty, but it can be remedied. The Federal Reserve should be abolished immediately, and those running it should be prosecuted for their crimes! If it is not abolished, the value of our hard earned money will simply disappear into the dustbin of history, and most will be left with nothing!
October 17, 2011
Gary D. Barnett [send him mail] is president of Barnett Financial Services, Inc., in Lewistown, Montana.
Copyright © 2011 by LewRockwell.com. Permission to reprint in whole or in part is gladly granted, provided full credit is given.
After the market collapse of 2008 and 2009, where losses were generally around 55%, the markets have gone up substantially. During that same period were QE1 and QE2. This is no coincidence. Bernanke took full credit for the rise in the stock markets, and for good reason. The "Quantitative Easing" programs were structured to transfer money (out of thin air) from the New York Fed to its primary dealer banks. This is done when the Fed purchases treasury bonds from these dealers, some of which include Goldman Sachs and J.P. Morgan, along with 18 others. This process infuses the banks receiving this money with instant liquidity. During QE2 for example, from November 3rd of 2010 through June 30th of 2011, the New York Fed bought from its primary dealers $770 billion worth of treasuries, not the $600 billion it claimed. These banks acquired many of these treasuries during the bailouts by trading worthless securities for full value treasuries. This was, by the way, at taxpayer expense.
There is a direct correlation between these bond purchases and stock market performance. When QE1 ended, after an increase of approximately 90% in the markets, the markets began to fall. After falling about 23% from those highs, QE2 was announced, and began in November of 2010. The markets proceeded to go up again until QE2 ended in June of 2011. After the money stopped flowing, there was a sudden drop of over 18% from July through September of this year.
Now it gets even more interesting. In just the past two weeks, the stock markets have gone up about 11%. During that same time frame, the Fed has purchased $39.9 billion of treasuries from its dealer banks, in the same manner as it did during QE1 and QE2. If continued, this is an $85 billion a month pace, similar to that of QE2. But remember, there is no announced QE3, and no report that I’ve seen has mentioned anything about this bond buying, but it is going on nonetheless.
The only survivor left standing in this economy seems to be the stock market. This performance should not be happening given the dire economic conditions we’re in today. This tells me that when the money stops for good, and the markets crash, all else will follow. In my opinion, the New York Fed is doing everything possible to make sure that the markets remain somewhat stable, and it is taking a lot of money to keep up this sham. Every time the money starts flowing, the markets rise, and when the money stops flowing, the markets go down. There is now a clear pattern, and it is directly related to money pumping by the Fed, money that goes directly to its primary dealer banks. This allows the banks to make large trading profits running up the markets, and allows the government to point to the markets as a sign that things aren’t so bad after all. This is a lie!
By going to this page of the New York Fed Permanent Open Market Operations, you can easily see how many purchases, and in what amounts, have taken place in just the past two weeks. Then compare what has happened in the stock markets over this same time frame. The same can be done for QE1 and QE2. This direct correlation is not accidental nor is it coincidental. Something is very wrong here, and the Federal Reserve is smack in the middle of this fraud.
The Federal Reserve System is not only destroying the value of our hard earned money, but it is involved in lies and manipulation, and is cloaked in secrecy. It is bailing out banks all over the world with fake money. The Federal Reserve is rotten to the core! How could any sane people allow one entity, a very corrupt one at that, to control the entire monetary system? That is a travesty, but it can be remedied. The Federal Reserve should be abolished immediately, and those running it should be prosecuted for their crimes! If it is not abolished, the value of our hard earned money will simply disappear into the dustbin of history, and most will be left with nothing!
October 17, 2011
Gary D. Barnett [send him mail] is president of Barnett Financial Services, Inc., in Lewistown, Montana.
Copyright © 2011 by LewRockwell.com. Permission to reprint in whole or in part is gladly granted, provided full credit is given.
Thursday, October 27, 2011
Would An Economics Class Help You Understand The World Today?
I don't think an economics class today or even one taken 10 or 20 years would help much at all in understanding why the world is experiencing an unprecedented global financial collapse. Academia teaches Keynesian economics which naturally benefits the government (and it's government grants that support academia in it's study of Keynesian economics... see how self serving it is?).
Although I write much about bankers being the bad guys, they actually need willing co-conspirators in order to execute their plan. After all, without a partner in government to legalize the actions of bankers, they couldn't possibly get away with as much as they do. Make no mistake, bankers need a willing partner and government is that partner in crime. In order for joint effort to work, there must of course be a way for politicians to benefit. Imagine how difficult it would be for politicians to be elected without promising endless entitlements or if they had to pass higher and higher taxes in order to pay for social contracts and endless wars. Politicians needs a way silently tax us. That's where the bankers come in and this is how inflation comes about. It's a stealth tax caused by the creation of money from nothing.
What our government can't collect in taxes from its citizen base, it must borrow from the Federal Reserve which of course has a blank checkbook. Keep in mind, this is not a checking account but a blank checkbook! The check is written from the Fed and taken over to the Treasury and viola, new money is created. The politicians can now pay for anything it wants and the bankers can sit back to collect the interest on money it created from nothing. It's a corrupt system but each party benefits which is why the fraud continues unabated.
Until we have an honest money system, we can't really expect to have honest politicians. Getting back to economics, Austrian economics is the only area of economic study to correctly predict the booms and busts we've experienced since the creation of the Federal Reserve. I highly recommend following the Ludwig von Mises Institute on Facebook or Twitter. Austrian economics is based on sound money principles. For a quick and funny introduction to Austrian vs Keynesian economics, watch this video. It's hilarious and to the point.
Although I write much about bankers being the bad guys, they actually need willing co-conspirators in order to execute their plan. After all, without a partner in government to legalize the actions of bankers, they couldn't possibly get away with as much as they do. Make no mistake, bankers need a willing partner and government is that partner in crime. In order for joint effort to work, there must of course be a way for politicians to benefit. Imagine how difficult it would be for politicians to be elected without promising endless entitlements or if they had to pass higher and higher taxes in order to pay for social contracts and endless wars. Politicians needs a way silently tax us. That's where the bankers come in and this is how inflation comes about. It's a stealth tax caused by the creation of money from nothing.
What our government can't collect in taxes from its citizen base, it must borrow from the Federal Reserve which of course has a blank checkbook. Keep in mind, this is not a checking account but a blank checkbook! The check is written from the Fed and taken over to the Treasury and viola, new money is created. The politicians can now pay for anything it wants and the bankers can sit back to collect the interest on money it created from nothing. It's a corrupt system but each party benefits which is why the fraud continues unabated.
Until we have an honest money system, we can't really expect to have honest politicians. Getting back to economics, Austrian economics is the only area of economic study to correctly predict the booms and busts we've experienced since the creation of the Federal Reserve. I highly recommend following the Ludwig von Mises Institute on Facebook or Twitter. Austrian economics is based on sound money principles. For a quick and funny introduction to Austrian vs Keynesian economics, watch this video. It's hilarious and to the point.
Will The Dollar Crash?
It's not a matter of it could happening. Our politicians are incapable of correcting what was set in motion many decades ago. They are, with a few notable exceptions, subservient to the powers that put them in position of leadership.
When banks control the money supply, they have the ability to buy power in form of elected leaders, media outlets, corporations, etc. How do they do that? By having a window to the money making machine.
The Federal Reserve doesn't have a dual mandate like most people think. Congress has been duped and so have the rest of us although the awareness of the deception is spreading now. The Fed has one mandate and that is to serve the biggest banks.
The Federal Reserve is a cartel meant to stifle competition (which is what a cartel is supposed to do) and it has been overwhelmingly successful in doing that since it's creation in 1913.
I'll keep it simple. The only reason why what we're seeing in Greece hasn't happened here is because Greece can't print their own money. We can and that's exactly what we have been doing. However, before long other countries aren't going to buy our treasuries. The Federal Reserve will have to put itself in position to buy the treasuries. It's already started happening. That's what QEII was.
The bottom line is this, all fiat currencies fail. All of them. Read the dollar bills in your wallet. You are holding bank IOU's. It says Federal Reserve Note at the top. Do you see it? Just like the Mortgage Note you signed to buy your home, it's an IOU. It was created from nothing and like all IOUs, interest is being charged.
Who do you think collects the interest? Banks, of course. It's a scam and we don't know it, but the big banks and the Fed know it and they'll keep the con going for as they possibly can. With the ability to issue debt based money, bankers can control not just individuals but entire countries. Our money, and by extension our country, is controlled by bankers. It's so easy to see if you just know where to look.
The endgame: people holding dollars will be wiped out. These dollars won't be worth the paper they're printed on. A dollar is not money. It's the ghost of money. Once people figure this out (and they are starting to), more people will be running for the exit. When that time comes, it'll be a stampede.
Could a miracle happen? I suppose. I think people would be best diversifying out of the dollar until that happens. Just don't hold your breath. I do believe the greatest transfer of wealth will happen in our lifetime in the next 10 years, possibly sooner. Those who study and know how to prepare will wealthy overnight compared to those have faith in the govt and our financial system and are decimated. Voting left or right will not be a solution. Neither side can prevent what will happen. Only the free market can correct it and the longer the crash is delayed, the worse it will be.
When banks control the money supply, they have the ability to buy power in form of elected leaders, media outlets, corporations, etc. How do they do that? By having a window to the money making machine.
The Federal Reserve doesn't have a dual mandate like most people think. Congress has been duped and so have the rest of us although the awareness of the deception is spreading now. The Fed has one mandate and that is to serve the biggest banks.
The Federal Reserve is a cartel meant to stifle competition (which is what a cartel is supposed to do) and it has been overwhelmingly successful in doing that since it's creation in 1913.
I'll keep it simple. The only reason why what we're seeing in Greece hasn't happened here is because Greece can't print their own money. We can and that's exactly what we have been doing. However, before long other countries aren't going to buy our treasuries. The Federal Reserve will have to put itself in position to buy the treasuries. It's already started happening. That's what QEII was.
The bottom line is this, all fiat currencies fail. All of them. Read the dollar bills in your wallet. You are holding bank IOU's. It says Federal Reserve Note at the top. Do you see it? Just like the Mortgage Note you signed to buy your home, it's an IOU. It was created from nothing and like all IOUs, interest is being charged.
Who do you think collects the interest? Banks, of course. It's a scam and we don't know it, but the big banks and the Fed know it and they'll keep the con going for as they possibly can. With the ability to issue debt based money, bankers can control not just individuals but entire countries. Our money, and by extension our country, is controlled by bankers. It's so easy to see if you just know where to look.
The endgame: people holding dollars will be wiped out. These dollars won't be worth the paper they're printed on. A dollar is not money. It's the ghost of money. Once people figure this out (and they are starting to), more people will be running for the exit. When that time comes, it'll be a stampede.
Could a miracle happen? I suppose. I think people would be best diversifying out of the dollar until that happens. Just don't hold your breath. I do believe the greatest transfer of wealth will happen in our lifetime in the next 10 years, possibly sooner. Those who study and know how to prepare will wealthy overnight compared to those have faith in the govt and our financial system and are decimated. Voting left or right will not be a solution. Neither side can prevent what will happen. Only the free market can correct it and the longer the crash is delayed, the worse it will be.
Thursday, October 13, 2011
Audit/End the Fed Movement infiltrating Occupy Wall Street
The Occupy Wall Street movement has no specific demands because it doesn’t understand the Federal Reserve Banking System. Students like this one are helping to give Occupy Wall Street a clearer sense of direction by educating the protesters as to how we got where we are today.
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