Posts tagged greed
Federal Reserve: 100 Years of Greed & Deception
Published by NextNewsNetwork
Published on Dec 23, 2013
Jekyll Island, Georgia even today remains a secluded place where those inclined to make secret plans would still have reasonable privacy. Thick vegetation still encircles much of the island. The place exudes a strange blend of quaint charm and foreboding arrogance.
Local museum photos reveal this seclusion was even more pronounced back in October of 1910, when Rothschild banking agent Paul Warburg of Kuhn, Loeb & Company and six other major figures met there to plan what became the Federal Reserve System—a system which turned 100 years old as of Dec. 23, 2013.
In 2010, I visited the Jekyll Island Club Hotel for a report. I saw the hotel’s Federal Reserve Room, now used for dining functions, where the Fed planners did “the deed.”
A framed picture arrangement of the key Fed planners is still placed above the fireplace, which preserves the inescapable fact that this “Fed room” remains an elegant crime scene even today.
The wealthy, stealthy comrades who a century ago hammered together their central-banking scheme evaded reporters by sneaking aboard a southbound train in October of 1910. Departing from Hoboken, N.J., these Fed founders disguised themselves as duck hunters while using only their first names.
This “star lineup” of high finance which ducked into Sen. Nelson Aldrich’s posh personal train car, to steam to Jekyll Island—besides European banker Paul Warburg and Sen. Aldrich— consisted of:
1. Benjamin Strong, VP of the Banker’s Trust of N.Y. and J.P. Morgan’s Jeykll Island emissary;
2. A. Piatt Andrew, assistant secretary of the U.S. Treasury;
3. Frank Vanderlip, former assistant Treasury secretary and president of National City Bank;
4. Henry P. Davison, senior J.P. Morgan & Co. partner; and
5. Charles D. Norton, president of NY’s First National Bank, dominated by Morgan.
Meet the Next News Team: http://youtu.be/2QnNKwQ2WkY
Black Friday: A Shameful Orgy Of Materialism For A Morally Bankrupt Nation
It has been called “America’s most disturbing holiday”. Black Friday is the day when millions of average Americans wait outside retail stores in the middle of the night in the freezing cold to spend more money that they do not have for more cheap Chinese-made products that they do not need. It is a day when the rest of the world makes fun of Americans for behaving like “rabid animals” and “zombies” as we indulge in a tsunami of greed. It truly is a shameful orgy of materialism for a morally bankrupt nation. It is being projected that approximately 140 million Americans will participate in this disgusting national ritual this year. Sadly, most of them have absolutely no idea that they are actively participating in the destruction of the economic infrastructure of the United States. If you don’t understand why this is true, please be sure to read this entire article all the way to the end.
The amount of merchandise that is purchased on Black Friday is absolutely staggering. For example, just consider how much stuff is sold at Wal-Mart alone…
Wal-Mart said it recorded more than 10 million register transactions between 6 p.m. and 10 p.m. Thursday in its stores and nearly 400 million page views that day on walmart.com. It sold 2.8 million towels, 2 million televisions, 1.4 million tablets, 300,000 bicycles and 1.9 million dolls. Big-ticket electronics like big-screen TVs and new videogame consoles were among the top sellers.
But each and every year, Black Friday also seems to bring out the worst in many people, and this year was certainly no exception. The following are just a few of the national headlines about the rioting and the violence that we witnessed…
And sometimes the violence extends out into the parking lots and into the surrounding neighborhoods. In Las Vegas, a man that was carrying a big-screen television home from Target was shot in the leg…
According to police, a man purchased a big-screen television from the Target store near Flamingo Rd. and Maryland Pkwy. While he was walking to a nearby apartment complex, a man approached and fired a warning shot, causing the victim to drop the television, police said.
Officers tell 8 News NOW the gunman then took the television to a nearby car that was waiting, where a second man helped the gunman load the TV into the car.
The victim approached the two men and tried to get the television back. That prompted the gunman to fire several more rounds, shooting the victim in the leg.
Every year I go over to YouTube to check out the madness that breaks out on Black Friday night all over the nation. Posted below is the best compilation video from Black Friday that I could find. In particular, I love how this video compares American shoppers to zombies…
And there is one more video that I wanted to share with you. In this video, activist Mark Dice dresses up like Santa Claus and mocks Black Friday shoppers for being “parasites” and for ruining Thanksgiving…
Meanwhile, as retail stores all over America actively encourage this zombie-like behavior, police are actually cracking down on other groups of Americans that are actively trying to make this country a better place. For example, a Christian group in Lake Worth, Florida was kicked out of a public park for trying to feed the homeless on Thanksgiving. Of course this kind of thing happens all the time. In fact, dozens of major cities all over the country have now passed laws that make it illegal to feed the homeless. For much more on this, please see my previous article entitled “One Lawmaker Is Literally Smashing The Belongings Of The Homeless With A Sledgehammer“.
At the beginning of this article, I stated that those who go shopping on Black Friday “are actively participating in the destruction of the economic infrastructure of the United States”.
How could that possibly be?
Aren’t they helping the economy by spending their money?
Actually, it isn’t that simple.
Just think about it for a moment. Where are most of the “advertised specials” that people go crazy over on Black Friday actually made?
If you guessed “China”, you would be correct. In fact, it is very difficult to find any “Black Friday specials” that are actually made in the United States.
When you buy stuff made in China, you support workers and businesses in China. As I mentioned in a recent article, the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas.
Overall, the U.S. has run a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975.
So when you look around and see lots of unemployed people, it should not be a surprise to you.
Right now, the labor force participation rate is at a 35-year-low and more than 102 million working age Americans do not have a job. That number has increased by 27 million just since the year 2000.
Because the American people are not supporting American businesses, our formerly great manufacturing cities are being transformed into rotting, festering hellholes. Just take a look at Detroit. At one time Detroit had the highest per capita income in the entire nation, but now it is a dying, bankrupt ghost town.
And of course this is happening to manufacturing cities all over the nation. Since 2001, more than 56,000 manufacturing facilities in the U.S. have permanently shut down and we have lost millions upon millions of good paying manufacturing jobs.
Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs. Today, only about 9 percent of the jobs in the United States are manufacturing jobs.
Good job America. And the following are some more facts from one of my previous articles about how our massively bloated trade deficit is absolutely killing our economy…
-There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
-When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
-Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
-According to the Economic Policy Institute, America is losing half a million jobs to China every single year.
-According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.
Unfortunately, most Americans never stop to think about what happens when we buy stuff from China.
When we buy stuff from them, our money goes over there.
At this point, they are sitting on trillions of our dollars and they have purchased more than a trillion dollars of our debt.
Up until now, Chinese demand for our dollars has helped keep the value of the U.S. dollar artificially high. This is one of the reasons why Wal-Mart can sell you those Chinese imports so inexpensively.
And up until now, Chinese demand for our debt has helped keep long-term interest rates artificially low. So the U.S. government has been able to borrow money at ridiculously low interest rates and U.S. home buyers have been able to get mortgage rates that are well below the real rate of inflation.
But no irrational state of affairs ever lasts indefinitely, and the Chinese recently announced that they are going to quit stockpiling U.S. dollars. Many analysts believe that this means that the Chinese will soon stop stockpiling U.S. debt as well.
So enjoy those super cheap “Black Friday specials” while they last. That era is rapidly coming to an end.
Now that the Chinese have stolen tens of thousands of our businesses, millions of our jobs and trillions of our dollars, perhaps they feel that there is not much more looting to be done. Our economic infrastructure has been essentially gutted at this point. Moving forward, China can afford to let the value of the U.S. dollar fall and the value of their own currency rise because even Barack Obama admits that “those jobs are never coming back”.
And every single American that went shopping on Black Friday and bought Chinese-made goods actively participated in the ongoing destruction of the U.S. economy.
Good job America. You are a nation that is utterly consumed by materialism and greed, and you don’t even realize that you are destroying yourself with your own foolishness.
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
Image credit: http://theeconomiccollapseblog.com
Even a fiat currency and the casino game of fractional reserve standards are not enough to cover the never ending greed. Banks use your deposited money plus imaginary reserve policy funds to make bad bets, and lose. But who really lost? The banks get bailed out by Washington D.C. criminals, you get foreclosed on and then you are responsible for the cost of the bailout.
Part 1 of 4. To view complete please follow the link provided above. Bernie Madoff and other smaller fish got constant mainstream media coverage while the big ponzi scheme rolls along with white glove treatment, as it seems only the Wall Street thieves approved by D.C. are officially too big to fail.
Your thoughts appreciated below.
When Mitt Romney Came To Town — Full, complete version
Mitt Romney. Was he a job creator or a corporate raider?
That’s the question this film answers.
And it’s not pretty.
Mitt Romney was not a capitalist during his reign at Bain. He was a predatory corporate raider. His firm didn’t seek to create value. Instead, like a scavenger, Romney looked for businesses he could pick apart. Indeed, he represented the worst possible kind of predator, operating within the law but well outside the bounds of what most real capitalists consider ethical.
He is exhibit number one the left wants to use in the coming election to give capitalism a bad name.
He and his friends at Bain were bad guys. Any real capitalists should disavow Romney’s ‘creative destruction’ model that made him wealthy at the expense of thousands of American jobs.
Mitt Romney and his cronies pioneered ‘deindustrialization,’ a process by which they searched out vulnerable companies, took them over, loaded them with debt, and collected obscene fees while doing so. He sent jobs overseas or killed them altogether, and then picked apart the remains – including pension funds – before the companies went bankrupt.
Some might call that the free market. Most of us think its just plain wrong.
If you wonder why America has lost so many manufacturing jobs overseas, look no further than Mitt Romney — the King of Bain.
Think you know Mitt?
Personally, I have heard and seen enough. We all know, or should know Romney is Wall Street, never a doubt about it. Then you have the choice of Gingrich, the only Speaker of the House to be found guilty of ethics violations and fined $300k. Also Gingrich is pushing for the removal of Clinton for having an affair while he is conducting the same actions. Let us not forget his strong support for FRD. Big dollar lobbyist earning millions advising those who carried out actions were a major contributor to the housing collapse. More on Gingrich here and here. Let’s not forget Santorum, listed as 3rd most corrupt while in office in 2006 and his record of betrayal. Santorum currently is promoting his plans to bomb Iran.
All supporting pro Wall Street, pro war, pro status quo. Thankfully, this is not all we have to choose from. I will choose the only person the supports freedom, personal liberty and the Constitution. It is not even a choice, it is simply common sense.
Now more than every we need the Champion of the Constitution!
Please visit Ron Paul’s official campaign site by following the link below and donate today!
This really should come as no surprise to those of us watching, but then again, proportionally, our numbers are small, so here you go. That is why we have more politicians than we can count in this country and only one statesman, Ron Paul. RonPaul2012