The Obama Deception

Obama's economic model versus reality

Prior to Obama's Inauguration on January 20th, his economic team released a model projecting what the American Recovery and Reinvestment Plan would do to the US economy and how many jobs it would create, etc. The report was written by Christina Romer and Jared Bernstein. The report in full is available here: http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf

I would like to turn attention to Figure 1 which is located on page 4. That figure shows the estimated unemployment rate WITH the economic recovery package versus the unemployment rate WITHOUT the economic recovery package.

Now, this was prior to the passing and final draft of the AEEP. However, they took estimates as to the size and scope of the plan and by and large, they were fairly accurate. The final bill is estimated at costing $787 billion dollars while it was estimated in this report to be around $775 billion. The bill was signed into law less than four weeks after taking office.

Now, back to Figure 1. As can be seen, they estimated that by this time (June 2009), the unemployment rate WITHOUT the stimulus package would have been about 8.2%. With the economic package, it would have been a whopping 7.9%. That's a full 1.5% lower than what the BLS estimates the unemployment rate to currently be.

Obama's economic models, much like his policies, are failing horribly when tested against reality. It's quite clear that Obama's models are horribly inaccurate and overly optimistic, given that it was expecting the economy to turn around almost immediately upon his arrival at the White House as well as the magnitude of that error in analysis and prediction.

They've only actually spent a relatively small fraction of the money so far.

Originally posted by edisonik
We all need to wake up and stop these animals from culling us and enslaving us. We need a Revolution, we need to wake up all our neighb ours and defend our freedoms.

exactly.the problem though and i have relatives who are like this,is that they only see what they WANT to see and are in too much denial.for instance some can accept it that the kennedy assassination was an inside job-but they dont realise how it still affects us today,but they cant accept it that 9/11 was cause that tragedy hits closer to home with them and they cant see how evil Bush really is being die hard loyal republicans that they are.when I tell them how evil and corrupt Clinton is,they listen and take in what I say,but ANYTHING about Bush just goes through one ear and out the other with them.they just dont get it how both parties are corrupt and theres no difference between the two.

Obama Regulatory Reform Plan Officially Establishes Banking Dictatorship

Thursday, June 18, 2009

President Obama’s plan to give the privately-owned and unaccountable Federal Reserve complete regulatory oversight across the entire U.S. economy, which is likely to be enacted before the end of the year, will officially herald the beginning of a new form of government in the United States - an ultra-powerful banking dictatorship controlled by a small gaggle of shadowy and corrupt elitists.

The new rules would see the Fed given the authority to “regulate” any company whose activity it believes could threaten the economy and the markets.

This goes a step further than the centrally planned economies of the Soviet Union or Communist China, in that the Federal Reserve is not even accountable to the U.S. government, it is a private entity that according to former Fed chairman Alan Greenspan, is accountable to nobody but the banking families that own it.

Obama’s regulatory “reform” plan is nothing less than a green light for the complete and total takeover of the United States by a private banking cartel that will usurp the power of existing regulatory bodies, who are now being blamed for the financial crisis in order that their status can be abolished and their roles handed over to the all-powerful Fed.

According to an Associated Press report today, Democratic leaders have committed to enacting the plan before the end of the year and Republicans in both the House and Senate have indicated that they won’t stand in the way of the overhaul.

“The final plan….is expected to sidestep most jurisdictional disputes and simply impose across the board standards to be applied by all financial regulators, according to administration and industry sources, ” reports the Washington Times.

In other words, the Fed, which is already totally unaccountable to Congress, is to be placed in complete control of the entirety of the U.S. financial system, to do as it wishes without repercussion.

As the LA Times reports, the government, in conjunction with the private Federal Reserve, would effectively have the clout to simply seize and take over any company it desires.

In order to appease those opposed to the plan, such as Sen. Christopher J. Dodd, chairman of the Committee on Banking, Housing and Urban Affairs, the Obama administration has agreed to create a “watchdog” council of regulators to “advise the Fed”.

However, as former chairman Alan Greenspan has most recently pointed out, given that the Fed is an independent entity, and therefore accountable to no one, it will have the power to simply reject and overrule any advice it is offered.

Pointing out the flagrant conflict of interest in empowering the Federal Reserve to essentially regulate itself, Professor of public affairs at the University of Texas at Austin Robert Auerbach writes, “The Federal Reserve has massive conflicts of interest that make it ill suited for its present regulatory functions and certainly for an expanded regulatory reach. The officials leading the Fed today preside over an organization that is run in substantial part by the bankers they regulate. Bank regulation begins at its 12 district Federal Reserve Banks, each governed by a nine-member board of directors, two-thirds of whom are elected by the bankers in the district.”

As economic author Nomi Prins highlights, Obama’s plan does nothing whatsoever to fix the excesses of financial institutions blamed for the financial collapse, it only ensures their continued operation and an expansion of the practices that contributed to the economic crisis in the first place.

“The ’sweeping overhaul’ of the financial system detailed by Geithner on behalf of the Obama administration does not overhaul the system at all,” writes Prins, “giving the Fed a bigger role, creating a ‘council of regulators’ to oversee the existing oversight bodies and allowing the biggest Wall Street players to maintain their status, leaves the system intact.”

“The Federal Reserve is not a fully public entity. It has amassed a set of $7.87 trillion worth of facilities and other entities through which it has lavished cheap loans in return for questionable collateral from the banking system. It has kept the true nature of these transactions a secret despite numerous FOIA requests. And, it has actively promoted the creation of bigger institutions in a chaotic environment, rather than putting the brakes on the creation of these giants,” concludes Prins.

Proof that the agenda of implementing overt financial dictatorship is being carefully coordinated can be seen in the fact that an almost identical scheme is also being set up in the United Kingdom, where “The governor of the Bank of England has called for greater powers to allow it to fulfil its new role of promoting financial stability,” according to a BBC report

Just as in the U.S., King is calling for traditional independent regulatory bodies to be all but abolished and replaced by the Bank of England itself, which just like the Federal Reserve is a private outfit with no accountability to the government whatsoever.

The mainstream media, for the most part, has reported the oversight plan as a much needed regulatory crackdown on those responsible for the financial crisis. However, the details of the plan constitute almost exactly what lobbyists for leading bankers have been pushing for over the past few weeks.

“All derivatives contracts will be subject to regulation and all derivatives dealers subject to supervision,” Treasury Secretary Timothy F. Geithner said at a Time Warner Economic Summit in New York on Monday, also noting “When you have too many people involved, there’s an accountability problem.”

As we reported earlier this month, heads of nine of the biggest banks in the derivatives market, including JP Morgan Chase, Goldman Sachs, Citigroup and Bank of America, secretly lobbied to keep derivatives under Federal Reserve “oversight” and away from real scrutiny.

As reported by The New York Times, they all met secretly to discuss how to use the lax regulation and institutional secrecy of the NY Fed to shield their credit-default swaps business from prying eyes and attempts at regulation.

The banks formed a lobby– the CDS Dealers Consortium– only weeks after accepting TARP funds in October 2008 to protect its interests. Heading this effort was Edward Rosen, who previously helped fend off derivatives regulation. Rosen wrote and circulated a “confidential memo” to the Treasury Department and leaders on Capital Hill, making their agenda clear, the Times reported.

Rosen and his backers propose that derivatives be “traded in privately managed clearinghouses, with less disclosure,” according to the Times. The clearinghouse of choice for the big banks in Rosen’s CDS Consortium is ICE U.S. Trust, which is in turned regulated only by the Federal Reserve system.

So the upshot of all this is that the bankers get what they want, are allowed to carry on as they were, while at the same time the fractional reserve banking system and the federal government are both greatly expanded and empowered, and the compliant corporate media ludicrously tells us that a strict crackdown is underway.

This kind of activity is exactly what some leading representatives have warned of in recent weeks.

A fortnight ago, the Democratic Chairman of the Agriculture Committee, Collin Peterson, announced to the press that “The banks run the place,” in reference to the US Congress.

While Peterson is also pushing for legislation to regulate derivatives trading, his proposed bill would limit derivatives trading to public exchanges, rather than private clearinghouses, which are managed by banks.

Peterson’s warning mirrors that of Democratic Senator Dick Durbin, who just a few weeks before uttered the same rarely acknowledged truth.

“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place,” Durbin said.

How simultaneously dangerous and ridiculous it is that the Federal Reserve is given more authority to oversee the economy. This is the same privately run entity that refused to comply with congressional demands for transparency and disclose the destination of trillions dollars in bailout funds. It is the same privately owned entity that has withheld internal memos, in spite of freedom of information act requests. It is the same private entity, run for the most part by European banking elites, that has arrogantly refused to tell Senators and Congressmen which banks were in receipt of government loans.

The government is ready to hand over everything to a monolithic private corporation and a gaggle of bastard banker offspring, that have gobbled up an amount close to the entire GDP of the country in taxpayers’ money and figuratively stuck the middle finger up regarding questions over where that money has gone.

It can be no more apparent than at this time that legislation to audit, repeal and eventually end the Federal Reserve, must be supported by Americans if they want to see their children and their grandchildren grow up without indentured debt and entrenched servitude to a fascistic marriage of private banks and hugely inflated government.

http://www.infowars.com/obama-regulatory-reform-plan-officially-establishes-banking-dictatorship/

Heres the report from the associated press that states that neither the Democrats OR the Republicans will stand in the way of the banksters plans to take over:

http://apnews.myway.com/article/20090618/D98T16I80.html

Here is the report from the Washington Times that describes just how far reaching the power of this privately owned banking institution - the Federal Reserve - will be after the changes are enforced:

http://www.washingtontimes.com/news/2009/jun/16/plan-gives-fed-sweeping-power-over-companies/?feat=home_headlines

Here is a report from the LA times basicly stating that the Federal Reserve will now have the power to take over any company it chooses to:

http://www.latimes.com/business/la-fi-financial-regs16-2009jun16,0,4262249.story

The Democratic Chairman of the Agriculture Committee, Collin Peterson, announced to the press that “The banks run the place,” in reference to the US Congress:

http://infowars.net/articles/june2009/020609Bankers.htm

Dick Durban said the same thing:

http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html

International Bailout Brings Us Closer to Economic Collapse

Ron Paul

June 24, 2009

Last week Congress passed the war supplemental appropriations bill. In an affront to all those who thought they voted for a peace candidate, the current president will be sending another $106 billion we don’t have to continue the bloodshed in Afghanistan and Iraq, without a hint of a plan to bring our troops home.

We are buying nothing but evil and global oppression by sending your taxdollars to the IMF.

Many of my colleagues who voted with me as I opposed every war supplemental request under the previous administration seem to have changed their tune. I maintain that a vote to fund the war is a vote in favor of the war. Congress exercises its constitutional prerogatives through the power of the purse, and as long as Congress continues to enable these dangerous interventions abroad, there is no end in sight, that is until we face total economic collapse.

From their spending habits, an economic collapse seems to be the goal of Congress and this administration. Washington spends with impunity domestically, bailing out and nationalizing everything they can get their hands on, and the foreign aid and IMF funding in this bill can rightly be called an international bailout!

As Americans struggle through the worst economic downturn since the Great Depression, this emergency supplemental appropriations bill sends $660 million to Gaza, $555 million to Israel, $310 million to Egypt, $300 million to Jordan, and $420 million to Mexico. Some $889 million will be sent to the United Nations for so-called “peacekeeping” missions. Almost one billion dollars will be sent overseas to address the global financial crisis outside our borders. Nearly $8 billion will be spent to address a “potential pandemic flu” which could result in mandatory vaccinations for no discernable reason other than to enrich the pharmaceutical companies that make the vaccine.

Perhaps most outrageous is the $108 billion loan guarantee to the International Monetary Fund. These new loan guarantees will allow that destructive organization to continue spending taxpayer money to prop up corrupt leaders and promote harmful economic policies overseas.

Not only does sending American taxpayer money to the IMF hurt citizens here, evidence shows that it even hurts those it pretends to help. Along with IMF loans comes IMF required policy changes, called Structural Adjustment Programs, which amount to forced Keynesianism. This is the very fantasy-infused economic model that has brought our own country to its knees, and IMF loans act as the Trojan Horse to inflict it on others. Perhaps most troubling is the fact that leaders in recipient nations tend to become more concerned with the wishes of international elites than the wishes and needs of their own people. Argentina and Kenya are just two examples of countries that followed IMF mandates right off a cliff. The IMF frequently recommends currency devaluation to poorer nations, which has wiped out the already impoverished over and over. There is also a long list of brutal dictators the IMF happily supported and propped up with loans that left their oppressed populace in staggering amounts of debt with no economic progress to show for it.

We are buying nothing but evil and global oppression by sending your taxdollars to the IMF. Not to mention there is no Constitutional authority to do so. Our continued presence in Iraq and Afghanistan does not make us safer at home, but in fact undermines our national security. I vehemently opposed this Supplemental Appropriations Bill and was dismayed to see it pass so easily.

http://www.infowars.com/international-bailout-brings-us-closer-to-economic-collapse/

On March 20, 1969, Dr. Richard Day, the National Medical Director of the Rockefeller-sponsored “Planned Parenthood” told a meeting that American industry will be sabotaged and shown to be uncompetitive.

In view of the recent bankruptcy of General Motors, his remarks are especially pertinent.

“The stated plan was that different parts of the world would be assigned different roles of industry and commerce in a unified global system. The continued preeminence of the United States and the relative independence and self-sufficiency of the United States would have to be changed… in order to create a new structure, you first have to tear down the old, and American industry was one example of that.”

“Each part of the world will have a specialty and thus become inter-dependent, he said. The US will remain a center for agriculture, high tech, communications, and education but heavy industry would be “transported out.”

These remarks to the Pittsburgh Pediatric Society were reported by Dr. Lawrence Dunegan, a Pittsburgh pediatrician who died in Jan. 2004. The speech described “A New World System” already in place which would permanently transform the world.

Dr. Day wanted the 80 or so physicians present to be prepared. The transcript of Dunegan’s recollections has been posted here and should be read in full. However, I’ll provide a summary here.

http://www.overlordsofchaos.com/html/new_order_of_barbarians.html

Much of what Day promised in 1969 is looking like a rear-view mirror today. But ominous events have yet to transpire. They do want to implant a chip in us so they can find and identify us, as well as monitor and control our purchases.

They are weaning us off national allegiance and will resort to terrorism to win our assent to their global police state. They may use “one or two nuclear bombs to convince people we mean business,” Day said.

He refrained from mentioning who “we” are but said the names are recognizable. Given that he worked for the Rockefellers, I assume he meant the Rockefellers and their bosses, the Rothschilds.

This adds weight to the widely-held view that the central bankers are responsible for most terrorism, using MI-6, Mossad and the CIA. Dr. Day also said that “war is obsolete” given the danger of nuclear exchange so terrorism would be used instead. This was 1969.

He said that there are always two reasons for anything the Rockefellers do: the pretext which makes it palatable to the gullible public and the real reason. Thus, as I argued in my book “Cruel Hoax” (2007), we are being turned into homosexuals in the name of “women’s and gay rights.” Gender-neutered and promiscuous, fewer people are able to bond permanently with a member of the opposite sex for the purpose of procreation.

Dr. Day said sex will be separated from marriage and reproduction ( i.e. “sexual liberation”) to break up the family and reduce population. Abortion, divorce and homosexuality will be made socially acceptable.

“Homosexuals will be given permission to act out. Everyone including the elderly will be encouraged to have sex. It will be brought out into the open. Anything goes.” [The "Stonewall Riots" which unleashed the "gay rights" movement, took place three months later.] The ultimate goal is to have sex without reproduction. Reproduction without sex will occur in laboratories. Family size will be limited as in China.

It will be made more difficult for families to stay together. More women will work outside the home and more people will remain single. Sports instead of dolls will be promoted to girls so they will seek achievement instead of family. Girls will be taught they are the same as boys.

In general, international sports like soccer and hockey will be pushed so Americans will see themselves as “world citizens.” American sports like baseball and football will not be similarly encouraged.

Pornography, violence and obscenity on TV and in movies will be increased. People will be desensitized to violence and porn and made to feel life is short, precarious and brutish. Music will “get worse” and will be used for indoctrination.

There will be unemployment and mass migration in order to uproot long established (conservative) communities. Social change will be introduced in port cities and work its way to the heartland. (Thus, the east and west coast are liberal.)

He said a cure to cancer exists in the Rockefeller Institute but is kept secret for purposes of depopulation. He said there will be an increase in infectious man-made diseases.

Dr. Day, who worked in weather modification during the war, said weather can be used to wage war or create drought and famine. The food supply will be monitored so no one can get enough food to “support a fugitive from the New System.” Growing your own food will be outlawed under the pretext of it being unsafe.

He said people are controlled by means of the information they are given. Thus, information will be selective. Not everyone will be allowed to own books. “Certain books will disappear from libraries.” Literary classics will be subtly altered. People will spend longer in school but not learn anything. There will be restrictions on travel; and private home ownership will disappear.

He said people who don’t want to go along will be “disposed of humanely.” He said there will be no martyrs–”people will just disappear.”

Our political and cultural “leaders” are accomplices in a plot to re-engineer humanity to serve the Judeo-Masonic central banking cartel. Wars, terrorism, depressions, political and social change, entertainment and fads are all contrived to gradually bring about an Orwellian police state.

Dr. Day says politicians are manipulated “without their even knowing it.” Their failure to protect us from this Satanic conspiracy is a betrayal of the first order. We have to alert the sincere ones and reach soldiers and police too. Civilization hangs in the balance. We are in real danger and should organize in small independent units.

People are hurting now and are more receptive to this information. This “economic downturn” is deliberate and part of the police state agenda. We have to educate people who think these events are random. The Rockefellers and their traitorous lackeys won’t bring this off if the intelligentsia and masses are aware of the truth.

http://www.henrymakow.com/illuminati_bankers_seek_revolu.html

Progressives and Leftists need to learn that “progress” and “change” really refer to totalitarian world government. This is the change they “believe in.” Dr. Day said in 1969, “people will have to get used to constant change.” I used to be a Liberal-Leftist myself. If I can see the real meaning of “changing the world,” others can too.

We also have to take practical steps to defend ourselves, our families and our freedom.

Our society and culture are a fraud based on one central fraud, the monopoly over government credit in the hands of Cabalist private bankers. They are using this power to extend their monopoly over every aspect of our lives by manipulating world events and social behavior. The only way to save civilization from failure is to nationalize the Central Banks.

Ron Paul: Obama’s ‘goal’ is economic collapse

David Edwards and Stephen Webster

June 23, 2009

Ron Paul, the popular Republican Congressman from Texas, is ripping into the president and Congress for what he sees as their “goal” with round after round of stimulus: complete economic collapse.

“From their spending habits, an economic collapse seems to be the goal of Congress and this administration,” he said in his June 22, 2009, weekly address.

He added that Democrats who voted for the president’s war funding request, which gave an additional $106 billion to military operations in Afghanistan and Iraq — among other, unrelated items — were actually voting in favor of the wars, not just authorization of the president’s agenda.

He called it an affront to everyone who believed a vote for Obama was a vote for a peace candidate.

The president’s insistence on including an additional $108 billion in asset exchange with the International Monetary Fund is merely “buying global oppression,” he said.

http://rawstory.com/news/afp/US_Senate_keeps_IMF_financing_in_wa_05212009.html

Paul added that, “this [bill sent] $660 million to Gaza, $555 million to Israel, $310 million to Egypt, $300 million to Jordan and $420 million to Mexico; and some $889 million will be sent to the United Nations for so-called peace keeping missions.”

In other words, the latest U.S. war funding was an “International bailout,” he said.

The legislation’s provisions for the IMF included 100 billion dollars for the New Arrangements to Borrow (NAB), a credit instrument providing the multilateral institution with additional resources to deal with exceptional risks to the stability of the international monetary system.

They also include an expansion of the nation’s special drawing rights by five billion SDRs, adding roughly eight billion dollars to the IMF’s financial firepower.

The 100 billion dollars for the NAB acts as a credit line for the IMF in case member countries need emergency loans that exceed the institution’s resources. As such, the money is not considered an immediate budget expense.

Sen. Jim DeMint (R-SC) had proposed to strip out the IMF funds, but his measure was defeated in May by a vote of 64-30.

“Not only does sending money to the IMF hurt citizens here, evidence shows that it even hurts those it pretends to help,” Paul said. “Along with IMF loans come IMF required policy changes called ’structural adjustment programs,’ which amount to forced Keynesianism. This is the very fantasy-infused economic model that brought our own country to its knees.”

http://www.history-ontheweb.co.uk/concepts/keynesianism51.htm

http://rawstory.com/08/news/2009/06/23/ron-paul-obamas-goal-is-economic-collapse/

Bilderberg 2009 Intel Already Proving Accurate

James Corbett
The Corbett Report
Thursday, June 25, 2009

Observers of the annual elitist confab known as Bilderberg have long known that plans discussed at the conference quickly become reality. In 2002, Bilderberg researcher Jim Tucker correctly predicted that the Iraq war would start in March 2003 (not late 2002, as many were predicting at the time). In 2006, Daniel Estulin correctly forecast the popping of the housing bubble and subsequent economic crash, a possibility that most talking heads in the corporate media were laughing at at the time. In 2008, Tucker forecast a dramatic drop in oil prices while most analysts were fretting about the possibility of $200 a barrel oil. Tucker and Estulin have proven so stunningly accurate in their predictions not because they have a crystal ball, but because they have sources inside the Bilderberg Group and other organizations where financial oligarchs and their political puppets make decisions about our geopolitical future.

2009 is not even half over, but it seems the forecasts made by both Estulin and Tucker based on their 2009 Bilderberg sources are already proving to be accurate. In a phone interview conducted as this year’s conference was getting underway in Greece, Daniel Estulin warned The Corbett Report that the powers that be were preparing to run up the stock market one final time in order to draw the masses back into investing before crashing the market. Now, a worrying new report suggests that this is precisely the case as corporate executives start ditching their stocks at a rate not seen in years. Watch an excerpt from the interview in the video player below:

The Bloomberg report suggests that the market—currently enjoying one of the greatest rallies in decades as stocks continue to rise from last year’s post-crash nadir—is about to have the rug pulled out from under it, a fact that corporate executives in the know are taking to heart as they scramble to get rid of their worthless stocks before the general public realize what’s going on. Add to this the stunning news that U.S. Embassies around the globe have been instructed to prepare for a bank holiday in September and growing opposition to the Obama Administration’s stunning proposal to give the private Federal Reserve sweeping new dictatorial powers over the entire U.S. economy and there is little doubt that an economic collapse the likes of which Estulin discussed is becoming more likely by the day.

Should an economic collapse occur as predicted, social and political changes of world historical importance will be the inevitable result. Jim Tucker, who also recently joined The Corbett Report for a telephone interview, has predicted that the ongoing world financial crisis will be manipulated by Bilderberg to further their long-held goal of crafting a North American Union along the lines of the European Union. Indeed, we have already seen call for the centralization of financial regulatory power from Bilderbergers like German chancellor Andrea Merkel, who argue that national sovereignty over financial regulation is what caused the crisis in the first place. More chillingly, Estulin believes the worldwide economic depression which we are currently entering could ultimately result in the deaths of over 4 billion people, or roughly 2/3 of the planet’s population. This is certainly one way to achieve elitist goals of vast population reduction, an item high on the agenda of another secretive meeting of billionaires (chaired by Bilderberger David Rockefeller) just weeks before this year’s Bilderberg conference.

Jim Tucker also stressed that manipulation of the swine flu hysteria was high on this year’s agenda, and that this crisis too would be used to consolidate power in international bodies such as the WHO. Preparations for ceding more and more power to unaccountable international bureaucrats in the event of a flu pandemic have been carefully crafted for years, and now the butchering of national sovereignty is to begin in earnest.

Again, recent events have made Tucker’s Bilderberg intelligence that much more credible. Since Bilderberg, the WHO has declared the first pandemic of the 21st century, opening the door to the very WHO power grab that Tucker warned about. The first real test of those powers may be as early as this fall, when a much-hyped seasonal resurgence of the surprisingly weak H1N1 flu may be used as an excuse to implement mass vaccinations. Preparations for just such a plan have been made in country after country including Canada, the U.S. and France.

The prospect of the WHO using their own campaign of swine flu hysteria to justify mass vaccinations in countries around the globe is triply frightening. Firstly, the vaccinations could be made mandatory, thus breaking fundamental tenants of freedom from forced medication which is the very pillar of a free society. Secondly, the swine flu vaccine is being developed by the very company that earlier this year sent out doses of live bird flu to be mixed in with their flu vaccines, an “accident” so incredibly likely that doctors in the Czech Republic accused the company of actually attempting to provoke a pandemic. Thirdly, the idea of a mass vaccination campaign is worrying because, as one of the co-developers of Tamiflu recently surmised, the recent swine flu strain itself was likely created during the vaccine production process.

Video On Medical Martial Law:

http://www.youtube.com/watch?v=dcX2MX35juw&eurl=http%3A%2F%2Fwww.prisonplanet.com%2Fbilderberg-2009-intel-already-proving-accurate.html&feature=player_embedded

http://www.prisonplanet.com/bilderberg-2009-intel-already-proving-accurate.html

Although the verification of this Bilderberg intelligence is of course quite worrying, the fact that Tucker and Estulin’s sources have proven accurate yet again provides some small solace. Firstly, it shows that the elitist plans can be exposed (and, if enough political will can be mustered, stopped) by legitimate researchers and alternative media. Secondly, it further discredits the corporate controlled media, which has only begun to shift from its previous canard that Bilderberg doesn’t exist to its latest canard that Bilderberg exists but is not important. The longer the corporate media continues to hold to this line in the face of blatantly obvious facts, the further discredited they will become and the faster the public will abandon the fast-disappearing media apparatus of the corporate propaganda machine. Meanwhile, the alternative media will continue to grow exponentially and awareness of Bilderberg amongst the general public will continue to rise.

Life On The Edge Of A Bubble:

http://www.mefeedia.com/entry/life-on-the-edge-of-a-bubble/18721622

Bernanke fearmongers that Fed audit would be ‘takeover’ by Congress, trigger economic collapse

Federal Reserve chair utilizes financial terrorism while rebuking attempt by Ron Paul, Congress to hold the independent organization accountable

Aaron Dykes

June 26, 2009

Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned by Rep. Duncan on Thursday about his response to the fact that a majority of Congress co-sponsoring Ron Paul’s H.R. 1207 bill to audit the Federal Reserve.

Bernanke clearly regarded the bill’s intent as hostile to the institution he represents:

"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."

The brunt of Bernanke’s statement is as crystal clear as a threat from a common street thug– back off from the Fed, or the economy gets it.

The chairman clearly implies that any attempt to restore monetary powers constitutionally granted to the Congress would be seen as a "takeover" and that the defensive and "repudiated" Fed would respond destructively.

Of course Congress’ constitutional power over money is enumerated in Article I, Section 8 of the U.S. Constitution:

The Congress shall have power… To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;

http://www.law.cornell.edu/constitution/constitution.articlei.html

Bernanke’s open use of financial terrorism in the face of Congress’ blatant Constitutional authority is absurd and dispicable.

Greenspan, Bernanke and other Fed-related cronies have already bad-mouthed the Dollar and signaled it’s decline as the world’s currency. So what else is new?

http://www.prisonplanet.com/articles/february2008/022608_abandon_dollar.htm

Here is the Video of Bernanke’s blatant disregard for anyone trying to shed some light on the FED:

http://www.youtube.com/watch?v=rjULF_Xg6Ps&eurl=http%3A%2F%2Fwww.infowars.com%2Fbernanke-congress-audit-would-be-takeover-pressure-on-fed-monetary-policy-would-trigger-economic-collaps&feature=player_embedded

What exactly would the Fed gain by destroying the economy out from under themselves?

Originally posted by Symmetric Chaos
What exactly would the Fed gain by destroying the economy out from under themselves?

What are you talking about? Who do you think would present the solution? Who do you think has plans for something even more sinister than the Federal Reserve system that we have in America today? Who do you think has the ultimate say so when it comes to our financial future at the moment? Who has all the control over the United States money supply at the moment? Who sets interest rates nationwide and controls inflation/deflation? Who rules the roost when it comes to money? It's the Federal Reserve Baking System. The Privately owned and operated one. The one owned and operated by banks and banksters.

These people....want more power. Their plan is to destroy their own system at the moment in order to present a brand new one that is far far far far far more complex and far reaching and powerful than the current one they have in place at the moment. They are the ones who will offer the solution to their own self-created problem when they destroy our economy. They and no one else. Not you, not congress, but only the banks and the banksters both national and international who currently run the Federal Reserve system of the United States of America. Of course they will be working in conjunction with the IMF, and they plan to create a system of global currency based upon their own rules and their own policies only. They will answer to no one, and will have complete control over the financial structure and system of the World. Which they want to compartmentalize for their own selfish interests.

Exclusive Conversation With Ron Paul: The Future Of The Federal Reserve

President Obama's financial regulatory plan has created controversy over the role of the Federal Reserve in our economy like rarely before. The person in Congress with perhaps the most unconventional point of view on these issues in American politics is Congressman and former presidential candidate Ron Paul (R-TX), a longtime critic of the very institution of the Fed and fractional reserve banking. He has recently sponsored a bill that would audit the Fed, which has attracted cosponsors such as Dennis Kucinich (D-OH).

Do you think the Fed is the main culprit behind the current economic crisis?

Ron Paul: I don't believe you can have financial bubbles without artificially expanding the supply of money and credit, and only the Fed can do that in collusion with the banks, who can operate under fractional reserve banking. So that's where the financial bubbles come from, whether it's housing or the stock market or the bond market. That's the source of the bubble, and that's what has to be addressed, and yet the Fed has been able to operate in secrecy on exactly how they allocate credit and what they do with international markets. So yes, the Fed is the number one culprit.

I guess the response from defenders of Greenspan would be that to jack up interest rates enough to defuse the housing bubble would have been really bad for growth and unemployment, and that was unacceptable at the time.

Ron Paul: Yes, and that's why he inflated it instead. It's like a drug addiction. Nobody wants the pain that comes with getting off the drug. But it's more than the pain of avoiding addiction that drives Bernanke. It's a deep-seated philosophy that inflation is the cure, and that it can prevent the correction. But the correction has been locked in place. In the year 2000 it was locked in place. The market was trying to tell us we needed a correction. But it was prolonged so the bubble was made even bigger. This bubble has been going on since 1971 when the dollar became fiat and we had international reserve currency without backing. Ultimately, no matter what the Fed does, you can't prop up a bad system, and that's why this one is different than any recession we've had since 1971.

So that's where your bill to audit the Fed comes in?

Ron Paul: In a way it's a mini-step, but it's also the reason I have a lot of co-sponsors because I haven't gotten into the controversy of fractional reserve banking and the issue of monetary policy per se. My main goal is to find out exactly what the Fed has been doing, especially in this crisis. Since the crisis has hit, there's been this whole idea of transparency about what the Treasury does with the TARP funds. So now the American people want to know what the Fed does. I believe that reform is inevitable, and that's the second step.

What do you mean by "what the Fed is doing"?

Ron Paul: What they're doing with foreign governments, international financial organizations, what they buy and sell, and what markets they interfere with... how decisions are made. We don't have absolute figures, but it's estimated that they might have a guarantee of 3 or 4 or 5 trillion dollars. It doesn't have to be on the books because it might just be guarantees. This is big stuff and the Congress should know about it.

What do you mean by reform of the Fed?

Ron Paul: This system has failed in a financial sense. I believe the dollar will fail too. We are going to have very high interest rates and price inflation rates. Finally, they will have to stop. That's why I want to see what the Fed is talking about and what they're saying to the central banks in other countries. They know that reform is coming--they're looking to the IMF, and Obama's on that side of the argument. That's exactly the opposite type of reform that free-market and strict-constitutionalist people don't want. We want reform toward honest money and sound money, rather than looking to internationalism propping up the flawed system just by changing it from a dollar-run system to an international system. Debate has to come on what types of reform are necessary.

Why audit the Fed if the goal is to end it?

Ron Paul: To expose them, and then people will be convinced of what the problems are. A lot of people don't know too much about the Fed. If we audited the Fed, I would learn a whole lot. I think we'd learn that there's a lot of special-interest financing going on. We saw with the TARP funds--which were more open--these go to certain corporations but not others, some had to go bankrupt, some people got huge bonuses. I think we would see a lot of that in the way the Fed runs their finances.

Tim Geithner has said in statements defending the Obama administration's plan that the Fed is the only player big enough to defend against systemic risk.

Ron Paul: I wouldn't be surprised to hear him say that, coming from someone who's been the ultimate insider. When he was at the New York Fed, he was a permanent member of the FOMC [Federal Open Market Committee], so therefore he's going to protect that whole institution. In an interview not long ago, he was quite frank that the Fed kept interest rates down too long and too low. I think he was caught off-guard. But he was telling the truth.

People who don't always see eye-to-eye with you on the role of government in the economy have signed on to the bill, like Dennis Kucinich, what do you think is going on there?

Ron Paul: The person who introduced my bill in the Senate is Bernie Sanders, a so-called socialist. They're opposed to special-interest corporatism. They don't like corporatism anymore than I do. I don't like welfare for anybody, let alone corporations.

The Republicans in the Financial Services Committee have floated a plan that would also promote the Fed as a guard against systemic risk.

Ron Paul: I understand what they're doing, and it's not knock-down, drag-out battle. Actually, if I had my druthers, I wouldn't advocate closing the Fed tomorrow. It'd be much better to work out a transition. What I want is competition in money--to have two circulating currencies in the United States, just like you have dozens of currencies circulating around the world, instantaneously adjusting value, and you can do that domestically. In some ways it helps my bill because I can say, look: the American people want transparency, and if you're going to give [the Fed] more power, it's important that we act in our capacity for oversight. People who might be supporting more power for the Fed still are receptive to the idea that we should know what they are doing.

http://www.usnews.com/blogs/capital-commerce/2009/06/24/exclusive-conversation-with-ron-paul-the-future-of-the-federal-reserve.html

The one thing you haven't factored in is the fact that government employees simply aren't the cream of the crop. Public sector jobs can't attract the best and brightest because they can't pay enough compared with private industries. The same goes for regulation. This was the problem in the UK...The regulators were simply too stupid and ignorant to know the complexities of the financial markets and those experts who ran it from the private sector. Hence they couldn't regulate it and those within the private sphere who wished to manipulate the markets for extreme short term personal gains were able to do so and it was THIS that caused the problems we are now seeing.

This is why I wouldn't be adverse to the idea of allowing regulators to also hold jobs in the private sector....Wholesale private regulation is a step too far in my book though. I don't think it would be unwise to take advice from people in the private sector but not give them direct control.

Originally posted by jaden101
I don't think it would be unwise to take advice from people in the private sector but not give them direct control.

Right. Advice is one thing and total control over the whole kaboodle is an entirely different thing all together.

Originally posted by NuclearWinter
Right. Advice is one thing and total control over the whole kaboodle is an entirely different thing all together.

Indeed....It's like swinging the pendulum to the complete opposite extreme. Everyone recognises that public sector regulators of a private sector industry didn't work. But throwing it all over to the private sector wont work either. It's like trusting pro athletes to do their own doping tests.

So if I follow: the entire government (except Ron Paul) is a conspiracy and the entire private sector (except Ron Paul) is a conspiracy.

Are we really expected to believe that's more plausible than any other explanation?

Why couldn't the conspiracy be that Ron Paul isn't a conspiracy, but really is the conspiracy?

Originally posted by Symmetric Chaos
So if I follow: the entire government (except Ron Paul) is a conspiracy and the entire private sector (except Ron Paul) is a conspiracy.

Are we really expected to believe that's more plausible than any other explanation?