Archive for the ‘Federal Reserve’ Category

“For the first time in its history, Western Civilization is in danger of being destroyed internally by a corrupt, criminal ruling cabal which is centered around the Rockefeller interests, which include elements from the Morgan, Brown, Rothschild, Du Pont, Harriman, Kuhn-Loeb, and other groupings as well. This junta took control of the political, financial, and cultural life of America in the first two decades of the twentieth century.”
The late Professor Carroll Quigley ( Georgetown University )

Lets ask The “Federal Reserve Inspector General” A  few simple questions regarding basic accountability:

Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is, where it’s gone.  Does anyone find this a bit……odd? What exactly does this woman do then? She avoids answering direct questions pretty well.

Read full article at : http://scrumpthetexan.blogspot.com/

“Fascism should rightly be called Corporatism as it is a merge of state and corporate power.”~ Benito Mussolini.

Well, I feel so much better.

Just a short viewing of the controlled Corporo-Governmental Media has assured me that “Recovery” is happening now.

I think I’ll just go right out & buy a few stocks.

DO NOT BELIEVE THE LIE

You are being lulled into a state of sleep… a dangerous place where the Nightmares are REAL, the Damage is PERMANENT, and Escape is NO LONGER POSSIBLE.

Administration following Administration has been “infiltrated”… and I put that in quotes because infiltration suggests that it wasn’t intentional…

By Criminal Banksters that are transforming our World into a completely controlled Fascist-Ruled Serf society.

Don’t think so?

Just wait. Do what you can to prepare yourselves. Don’t be caught unaware.

Remember, a HUGE number of Americans lost FORTY PERCENT of their total Net-Worth just one year ago… which means that you still have SIXTY LEFT TO LOSE.

Wake Up
Scrump

The Articles

One French super-bank (who received 11 Billion of U.S. Taxpayer money) is *sort of* telling the truth… *sort of*, because it’s not going to take two years…

Société Générale tells clients how to prepare for potential ‘global collapse’
By Ambrose Evans-Pritchard
Published: 6:12PM GMT 18 Nov 2009

Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.

Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private.

It must be reduced by the hard slog of “deleveraging”, for years.

“As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse,”…
www.telegraph.co.uk

The unemployment numbers are MUCH worse than are being reported… this is “Recovery”?

The worst is yet to come: Unemployed Americans should hunker down for more job losses
BY Nouriel Roubini
Sunday, November 15th 2009, 4:00 AM

Think the worst is over?

Wrong.

Conditions in the U.S. labor markets are awful and worsening.

While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.
www.nydailynews.com

And the Housing collapse?

It’s not only not getting better… It’s getting worse

Mortgage delinquencies hit another record in 3Q
Nov 17, 6:50 AM (ET)By EILEEN AJ CONNELLY

NEW YORK (AP) – The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.

For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion.

That’s up 58 percent from 3.96 percent a year ago.

Being two months behind is considered a first step toward foreclosure, because it’s so hard to catch up with payments at that point…
apnews.myway.com

Things are looking strangely familiar

Post-Lehman Deja Vu As T-Bill Yields Turn Negative
Submitted by Tyler Durden on 11/19/2009 15:22 -0500

The last time Bill yields turned negative (in essence investors paying the Government to hold their money for them) was in the days after the Lehman bankruptcy, when the entire world was about to blow up.

So why did Bill yield for January maturity just turn negative once again? In other words, why are investors suddenly running for the hills? As Dow Jones reports, January and February bills hit a yield of -0.03% earlier.

Some explanations have to do with Bill scarcity, as nobody wants to be exposed to anything beyond 3 months down the curve, let alone 1 year.

However, the fact that bond investors may not be buying into the whole recovery BS (or just realize that there is nobody willing to roll near-dated treasurys into longer-tenor pieces of paper) and are once again running scared and willing to pay Ben Bernanke to hold their money for them should be very, very troubling…
www.zerohedge.com

”Some US embassies worldwide are being advised to purchase massive amounts of local currencies, a sufficient amount, to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly.

But not £’s. Inside the State Dept.,  there is a sense of sadness & foreboding that ‘something’ is about to happen, unknown re a date—just that within 180 days, but could be 120-150 days.”

Bob quotes another source that “Panasonic has told their people to be back in Japan by Sept 09.”

Harry Schultz, dean of newsletter writers, has quoted the Chapman letter of May 30 regarding US embassies being sent large amounts of cash with which to buy local currencies, to last them a year. Here is Harry’s remarkable take on the situation:

“My HSL suspicion is that the elite plan another FDR style “bank holiday” (March 1933) of indefinite length, perhaps very soon, to let the insiders sort-out the bank mess which is getting more out of their control every day.*Insiders want/need to impose new bank rules. Widespread nationalization could result, already under way. It could also lead to a formal US dollar devaluation, as FDR did by revaluing gold (& then confiscating it).

But devalue against what? The Euro? Doubtful. Gold? Maybe. Or vs. the IMF basket of currencies (which seems more likely)—& much in the news recently. Any kind of bank holiday will push the US$ lower, which may be a bonus benefit to their ongoing scenario of letting the $ fall. Such a fall would get the devaluation they want without having to declare it. In sum, the insiders want more bank & system control, fewer banks & a lower US dollar. A bank holiday would suit all their needs.

Obviously, you can’t open safe boxes if the banks are closed, so plan accordingly. All this is speculation, but we have to go with what we’ve got, scraps of info that point to certain possibilities. In any case such a closure will, IMO, come sooner or later, as the worst of the embedded derivatives are still to be faced. We are years away from solving them because the controllers don’t want to; their fingerprints are all over them.

Part I Alex Jones Interview

Part II Alex Jones Interview

The Liar Speaks. Remember, this is the man who well over 2 years ago said that the chance of recession, and or the real estate crisis, occurring were slim to none. He’s been caught contradicting himself several times. So we should believe this tripe?  He states that The Fed has been transparent? What are you smoking you lying b……..