The NWO-Federal Reserve Scam - Move Toward Global Currency

[Alpha]

Considering what is happening to the Global Markets these last two days, I think it's important to bump this thread up for those who missed it.

Look Who's bailing out Wall Street

[Captain Beyond]

Considering what is happening to the Global Markets these last two days, I think it's important to bump this thread up for those who missed it.

Look Who's bailing out Wall Street

I bet the printing presses are running full steam as we type. Another fusion or fiat currency coming to an over-priced inflation filled world. Can you spell the word CRASH? Could of and did warn everyone some time ago, buy gold and silver, extra food etc.!

[Alpha]

From: funnymoneyreport

The Federal Reserve is Destroying America

It is incredible to see the rampant devaluation of the U.S. Dollar. The Federal Reserve just hours ago made a rare cut of 25 basis points during the weekend which will cause even more inflation. Gold immediately moved up $20 an ounce and the U.S. Dollar Index plunged under 71 in international trading. If this type of market activity continues the U.S. Dollar will have no value in a few months. While it is probably unlikely that we will see a hyper-inflationary collapse of the U.S. Dollar within the next few months, these policies are entirely unsustainable.

If the Federal Reserve does not move to defend the value of the U.S. Dollar we will eventually see a hyper-inflationary collapse and worldwide financial turmoil.

This view is also shared by other well respected financial analysts. Peter Schiff recently raised concerns about a hyper-inflationary collapse of the U.S. Dollar, Robert Reich a former Clinton cabinet member believes we are facing a depression and Alan Greenspan the man who caused this whole mess wrote in the Financial Times stating that we are facing the worst financial crisis since World War II.

What’s amazing is that the Federal Reserve isn’t even trying to protect the U.S. Dollar because all they care about is saving the power of their private banking cartel. They don’t care about the U.S. Dollar nor do they care about the country itself. They are destroying this country through their actions and there needs to be an investigation into the controllers of this bank.

Alan Greenspan saying that we are facing the worst financial crisis since World War II is like a killer returning to the scene of their crime and explaining the results of their crime. Greenspan recently told nations in the Gulf to drop their currency pegs to the U.S. Dollar which encouraged a further drop in the U.S. Dollar.


Greenspan’s Financial Times article will cause an even greater acceleration in the collapse of the currency.


As the former head of the Federal Reserve, his comments still hold a great deal of importance with people around the world. This means that his comments can literally move the value of the U.S. Dollar one way or another.


It is incredibly sick how Greenspan can get away with creating the current crisis we face with his low interest rate policies earlier this decade and analyze the problems that are occurring today that were a result of his own policies with no criticism from the corporate controlled media.

JP Morgan announced that it is completing its buyout of Bear Stearns marking further consolidation in the financial industry. Last Friday, the Federal Reserve with JP Morgan stepped in and bailed them out from going out of business.


This was an unprecedented move by the Federal Reserve stepping in and bailing out a failed financial institution.

JP Morgan will buy Bear Stearns for $2 a share which is amazing considering that this stock was trading for around $50 a share just weeks ago. There’s also talk that Lehman Brothers and other large financial institutions might be facing a similar fate.

The U.S. Mint announced that it wants to start melting pennies using steel. According to the U.S. Mint it is now costing them 2 cents to produce every penny and 10 cents to produce every dime.


Instead of targeting the real problem which is the Federal Reserve, they’ve decided they want to change the melt content of the coins which completely ignores what’s really happening.


The U.S. Mint should be questioning the irrational policies of the Federal Reserve which has caused inflation to run out of control. It’s the Federal Reserve that is causing the metal prices to cost more which is resulting in the production cost of the coins to skyrocket. This is not very difficult to figure out.

There’s no question that inflation is out of control in this country considering that gold, silver, oil and food prices are skyrocketing. In order to provide even more liquidity for the banks, the Federal Reserve made a rare 25 basis point rate cut over the weekend and are poised to potentially cut rates again this week even as early as tomorrow. This is going to be catastrophic for the U.S. Dollar.

With all this going on it is amazing to see characters like George W. Bush and Henry Paulson state that the economy is doing just fine and not to worry about what’s happening. White House Press Secretary Dana Perino also stated at a recent press conference that she is not allowed to talk about the value of the U.S. Dollar and that all questions pertaining to the U.S. Dollar needs to be directed towards the U.S. Treasury. Of course Paulson the U.S. Treasury Secretary has absolutely no control over the value of the U.S. Dollar because that responsibility lies with the Federal Reserve since they set interest rates and fix the value of the currency.

Amazingly when Ben Bernanke the head of the Federal Reserve testified in front of Congress, he directed any questions about the value of the U.S. Dollar to the U.S. Treasury despite the fact that he controls the value of money through their policies. This is absurd. They treat us like we are a bunch of idiots, and this is an obvious attempt by the establishment not to talk about the collapsing currency which is one of the biggest issues of the day right now.

There are even tent cities popping up in California. Of course the Federal Reserve can spend billions to bailout banks, but they won’t help the average middle class homeowner that might be thrown out into the streets as a result of what they did through their policies. When will people understand that the Federal Reserve is a private central bank that is merely looking to preserve the interests of the banking cartel?

Bush has confirmed that he will be meeting with the President’s Working Group on Financial Markets otherwise known as the Plunge Protection Team this week. There's no doubt that this will be an important meeting considering the recent events in the financial markets. It is clear that this group stepped in today to suppress the gold price. After a $20 spike during international trading, gold has lost all of its gains and the U.S. Dollar has seen an amazing recovery. This is totally ridiculous considering the combination of the Bear Stearns news, Greenspan’s outlook in the Financial Times and the rate cut. These people generally step in to move the price of gold down on days when you would normally expect it to move higher in price and today was no exception. Even the most novice of investors can understand that this type of activity makes absolutely no sense without market manipulation.

At this point it seems pretty certain that we are facing an inflationary depression. What’s awful is that much of this is being done by design. The Federal Reserve would prefer to save the banking cartel instead of doing what’s best for the American people. A stable U.S. Dollar would be what’s best for the American people but of course they aren’t moving in that direction. It is likely that we are seeing the start of a domino collapse in the U.S. financial system and it's going to get ugly.


If you haven’t bought gold or silver already you are completely insane. In the next few years we may very well see a point in time where you can buy an ounce of gold for the same value as the Dow Jones Industrial Average. Only when we reach close to those levels will we know that we might be near a top in the gold price and even that is being conservative considering what’s happening.

[VOguy]

Quoting Alpha's posts...

At this point it seems pretty certain that we are facing an inflationary depression. What’s awful is that much of this is being done by design.

And who is inflating the worth? Who is cooking the books so we don't have the money to cover the assets? And why is the Fed bailing out big business, while letting the little guy sink to the bottom of the pond?

What is happening is a legalized rape of the citizens by people in high power.

[Captain Beyond]

It's all part of "The Plan". There is already news that Canada is facing a recession, and they will be just a few months behind us on the giant currency fall.

Planned? Of course. The Amero and the North American Union are coming, like it or not! The have to bring the US and Canada down to some parity with the Mexican economy and Peso.

That is why I will not vote for anyone who is currently in office, or our pre-chosen candidates who act as if nothing is happening.

Traitors, ALL of them.

[blackeyes]

You guys have probably seen this before but it completely explains what is happening.


http://video.google.com/videoplay?do...74476580235299

[blackeyes]

Rep. Ron Paul giving it up on the Fed. Must watch.

Paul could have made a real difference. He's still in the race. He never backed out. We can only hope McCain trips and breaks his neck.

[VOguy]

You know, BE, this begs the question of; "what do we do when the world does wake up and realize the fraud that has been perpetrated on us?"

I have heard one side saying that we should round them all up and hang them from the Oak trees. But such an action only makes us like them, or perhaps worse.

So what do you do with these people once the fraud is uncovered, and those in direct control are identified?

[Captain Beyond]

You know, BE, this begs the question of; "what do we do when the world does wake up and realize the fraud that has been perpetrated on us?"

I have heard one side saying that we should round them all up and hang them from the Oak trees. But such an action only makes us like them, or perhaps worse.

So what do you do with these people once the fraud is uncovered, and those in direct control are identified?

Put them all on an island with food and fresh water and keep the waters aroun the island guarded and chummed as well!

[VOguy]

Are you thinking Marshall Island or Bikini Island by chance?

[Captain Beyond]

Are you thinking Marshall Island or Bikini Island by chance?

Bikini sounds about right to me!

[VOguy]

Since the markets and money sources are down, it appears that some of the payments made in the Katrina disaster will need to be taken away.


Katrina victims may have to repay money
Contractor says it rushed to deliver aid; agency to collect overpayments
AP - 8:01 p.m. ET March 29, 2008

NEW ORLEANS - Imagine that your home was reduced to mold-covered wood framing by Hurricane Katrina. Desperate for money to rebuild, you engage in a frustrating bureaucratic process, and after months of living in a government provided-trailer that gives off formaldehyde fumes you finally win a federal grant.

Then a collector announces that you have to pay back thousands of dollars.

For thousands of Katrina victims, this may be a reality.

A private contractor under investigation for the compensation it received to run the Road Home grant program for Katrina victims says that in the rush to deliver aid to homeowners in need some people got too much. Now it wants to hire a separate company to collect millions in grant overpayments.

The contractor, ICF International of Fairfax, Va., revealed the extent of the overpayments when it issued a March 11 request for bids from companies willing to handle "approximately 1,000 to 5,000 cases that will necessitate collection effort."

The bid invitation said: "The average amount to be collected is estimated to be approximately $35,000, but in some cases may be as high as $100,000 to $150,000."

The biggest grant amount allowed by the Road Home program is $150,000, so ICF believes it paid some recipients the maximum when they should not have received a penny. If ICF's highest estimate of 5,000 collection cases — overpaid by an average of $35,000 — proves to be true, that means applicants will have to pay back a total of $175 million.

'Finding the underpayments'

One-third of qualified applicants for Road Home help had yet to receive any rebuilding check as of this past week. The program, which has come to symbolize the lurching Katrina recovery effort, has $11 billion in federal funds.

ICF spokeswoman Gentry Brann said in an e-mail Friday that the overpayment recovery effort was made inevitable when insurance and other aid to Katrina victims was eventually measured against what an applicant received from the Road Home program.

Brann said there was a sense of urgency in paying Road Home applicants, and ICF knew applicants might eventually have to return some money.

"The choice was either to process grants immediately or wait until the March 2008 deadline (for submitting Road Home applications) before disbursing any funds," Brann said in her e-mail.

Brann pointed out that 5,000 collections cases would represent a 4-percent error rate for the Road Home that is "quite good for large federal programs."

Frank Silvestri, co-chair of the Citizen's Road Home Action Team, a group that formed out of frustrations with ICF, sees it far differently.

"They want people to pay for their incompetence and their mistakes. What they need to be is aggressive about finding the underpayments," he said. "People relied, to their detriment, on their (ICFs) expertise and rebuilt their houses and now they want to squeeze this money back out of them."

Governor under investigation

The prospect of Road Home grant collections comes less than two weeks after the Louisiana inspector general and the legislative auditor said they were investigating why former Gov. Kathleen Blanco paid ICF an extra $156 million in her waning days in office to administer the program. With the increase, ICF stands to earn $912 million to run Road Home, a contract that also sweetened its initial public stock offering, helping it buy out four other companies and enter government contracting in sectors including national defense and the environment.

Paul Rainwater, executive director of the Louisiana Recovery Authority, the state body that asked for the Blanco-ICF investigations, acknowledged the collections could be painful for applicants, many of whom have used up their nest eggs to rebuild.

"The state must walk a fine line of treating homeowners who have been overpaid with fairness and compassion and ensuring that all federal funds are used for their intended purpose," said Rainwater, an appointee of new Gov. Bobby Jindal.

Upon receiving money from Road Home, grantees sign forms that say they must refund any overpayments.

Melanie Ehrlich, co-chair of Citizen's Road Home Action Team, which has documented Road Home cases that appear littered with mistakes, said she had no confidence that ICF had correctly calculated overpayments. She charged that the company was more likely using collections as retribution against people who had appealed their award amounts in effort to get the aid they deserved.

"I think they are looking for ways to decrease awards and that's part of dissuading people," she said.

Brann said applicants are told an appeal could boost or diminish their award. She called Ehrlich's charge "a totally unfounded assertion."

[Project]

Important thread, and I could not find a better place to post this:

http://cspanjunkie.org/

Thanks CB, you nailed it man.