Chairman of Goldman Sachs International Was – Until Last Year – Also Chairman of BP

(WashingtonsBlog) – Janine Wedel has written extensively on how the “shadow elite” rule the world and about the “flexians” – the movers and shakers of the shadow elite who glide across borders, and structure overlapping (and not fully revealed) roles in government, business, media, and think tanks to serve their own agendas.

Wedel says that flexians wear many hats both within and outside of government, and use their networks of contacts to influence policy – are warping our democracy and the rule of law. Continue reading

MSM: UN climate change chief Rajendra Pachauri says sorry — and switches to neutral

(LondonTimes) – The outspoken chairman of the UN’s climate change body is to adopt a neutral advisory role and has agreed to stop making statements demanding new taxes and other radical policies on cutting emissions. Continue reading

America’s Impending Master Class Dictatorship

(Kitco) – FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Continue reading

Video: Barney Frank Demands Bernanke Probe Fed Involvement In Watergate Scandal And Iraq Arms Sales Following Ron Paul Questioning

(ZeroHedge) – A week ago Ron Paul asked Ben Bernanke a series of questions, which the Chairman and pundits immediately dismissed as “bizarre” and an indication that the potential presidential candidate has finally lost it (among these was a very nuanced question whether or not the Fed is buying sovereign debt, something which Bernanke disclosed in 2002 is a distinct possibility and an action the Fed is permitted to do). Chief among these were queries arising from the work of U of T professor Robert Auerbach, and specifically his book “Deception and Abuse at the Fed” (not available on Kindle), which seek information on whether the Fed was involved in the Watergate scandal and, subsequently, in Iraqi weapons purchases. Continue reading

Ron Paul vs. Bizarre Ben Bernanke – Ron Paul

Before the US House of Representatives, February 25, 2010

Madame Speaker, I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at yesterday’s Financial Services Committee Humphrey-Hawkins hearing, remarks which Federal Reserve Chairman Bernanke categorized as “bizarre.” Continue reading

Markets Fail When Humans Are Unregulated – Paul Craig Roberts

Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers, prevented Brooksley Born, head of the Commodity Futures Trading Corporation, a government regulatory agency, from doing her job of regulating over-the-counter derivatives Continue reading

Osama bin Laden, Climate Expert

(CanadaFreePress) – To the world’s experts on climate change, let us now add the name of Osama bin Laden to those of Al Gore; UN Secretary General Ban ki-Moon; the Chairman of the UN’s Intergovernmental Panel on Climate Change, Rajendra Pachauri; numerous heads of state over the years; House Speaker Nancy Pelosi; members of Congress still trying to pass Cap-and-Trade legislation; and the odious IPCC scientists who apparently colluded to foist false data on the public in order to further the fraud of global warming. Continue reading

MSM: Climate chief was told of false glacier claims before Copenhagen

(Times) – The chairman of the leading climate change watchdog was informed that claims about melting Himalayan glaciers were false before the Copenhagen summit, The Times has learnt. Continue reading

MSM: Is Bernanke Hiding A Smoking Gun?

(HuffingtonPost) – A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And a House Republican charged that a whistleblower had alerted Congress to specific documents provide “troubling details” of Bernanke’s role in the AIG bailout. Continue reading

Lunatics At Institute For International Economics Endorse $6 Trillion More In QE, Cite Fred “Iceman” Mishkin For Corroboration

(ZeroHedge) – The latest lunacy out of the Institute for International Economics notes that the dollar can and should go to negative territory courtesy of another roughly $6 trillion in Quantitative Easing. Enter Joseph Gagnon, who is obviously daring to boldly go where the Fed Chairman can only dream of going, and is set on ruining whatever is left of America’s (and the world’s) middle class. Continue reading

Video: Are You Ready for the Next Crisis? – Paul Craig Roberts

Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests. Continue reading

Obama set to unveil ‘too big to fail’ plans

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Continue reading

Bernanke Not Obama to Make “Trillion Dollar Decision”

The biggest decision of the economic recovery will be made in the next six months, and Barack Obama will have almost nothing to do with it. Continue reading

Video: We Are Change Boston Questions Paul Volcker About The Bilderberg Group

10/15/09 A public address by Paul Volcker the current Chairman of the Obama administrations Economic Recovery Advisory Board. Paul Volcker was Chairman of the Federal Reserve Board from 1979-1987. To view the entire forum video feed go here: Continue reading

ObamaCare Could be Used to Ban Guns in Home Self-Defense

Friday, October 9, 2009 — Important vote to occur
Senate Finance Committee Chairman Max Baucus has something to say to gun owners:  “Own a gun; lose your coverage!” Continue reading

Bernanke’s Great Fib – The “Gold Standard” and the Great Depression

(C4L) – The purpose of the following is to argue that the “gold standard,” as understood by most of the public, did not cause or worsen the Great Depression as current FED Chairman Ben Bernanke has based many of his papers, speeches, and, to a large extent, his entire career on. Continue reading

‘TARP’ Turning Out to Be Largest Taxpayer Swindle in U.S. History

Congress and the White House have been busy lately patting themselves on the back for staving off financial armageddon by handing out taxpayer money to Wall Street like it was Halloween candy. But while they’re trumpeting the fact that some financial firms have returned a tiny portion of the trillions of dollars that were given to banks, reality is setting in that Americans will never see that money again and will be paying it off for many, many years to come. Continue reading

Congressman Grayson: Fed Secretly “Stuffed” $500 Billion into “Foreign Private Pockets” and Gave $230 Billion to Citi “As a Secret Bailout”

(WashingtonsBlog) – Congressman Alan Grayson gave an interview to Wall Street Cheat Sheet’s Damien Hoffman, which includes the following bombshells: Continue reading

Chinese sovereign wealth fund dumping dollars for strategic investments like gold

Several reports are coming out of China that there is pressure on state-controlled organisations – notably the country’s main sovereign wealth fund, China Investment Corporation (CIC) to rapidly build investment in non-Chinese enterprises. Continue reading

Liquidity to Keep the Financial System from Collapsing in a Heap

(MikeWhitney) – Ben Bernanke never should have been reappointed as Fed chairman. Obama made a big mistake. The main thing to remember about Bernanke is that, in the two years since the financial crisis began, he’s made no effort to force the large banks and financial institutions to write-down their losses. Nor has he pushed for the regulations that are needed to restore confidence in the system. Continue reading

Video: Rep. Frank – House will pass Ron Paul’s ‘audit the Fed’ bill this year

Powerful House Financial Services Committee chairman says central bank’s lending powers to be ‘curtailed’ Continue reading

Growing Poverty and Despair in America

In 1962, Michael Harrington’s “The Other America” exposed the nation’s dark underside enough for John Kennedy to ask his Council of Economic Advisor chairman, Walter Heller, to look into the problem and for Lyndon Johnson to say (on January 8, 1964) that his administration “today, here and now, declares unconditional war on poverty in America.” Continue reading

Senator warns of hyperinflation

The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Sen. Chuck Grassley (R-Iowa) warned Tuesday. Continue reading

MSM: Fund-Raiser Is Accused of $74 Million Fraud

(NYTimes) – A wealthy New York investor and prominent Democratic Party fund-raiser with ties to President Obama and Hillary Rodham Clinton was arrested on Tuesday and accused of lying about his assets to obtain a $74 million loan from Citibank. Continue reading

No Exit for Ben – Peter Schiff

In a Wall Street Journal op-ed on Monday, and in congressional testimony later in the week, Fed Chairman Ben Bernanke reassured all that thanks to his accurate foresight and deft use of the Fed’s policy toolkit, he could maintain near zero percent interest rates for an extended period without creating inflation. With supernatural powers such as these, one wonders if Ben would be better employed by the Justice League rather than the Federal Reserve. Continue reading

Mullen: U.S. Does Not Invade Sovereign Countries

US Joint Chiefs of Staff Chairman Admiral Michael Mullen on Thursday said he believed the top leadership of Al Qaeda, including Osama Bin Laden, was in Pakistan. Continue reading

The Return of America’s Anathema

(C4L) – As most American school children know, one of the chief complaints that the American colonists had against the mother country was that they were taxed without their consent. “Taxation without representation is tyranny,” a phrase often credited to the revolutionary James Otis, became an American maxim. Colonial Americans were anti-tax to begin with, but to be taxed by a parliament three thousand miles away without any say in the matter was intolerable. Continue reading

‘Government Sachs’ Strikes Gold… Again

Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the US deficit topped $1 trillion for the first time in the nation’s history and appeared to be headed toward doubling that figure before the budget year is out. Continue reading

MSM: UPDATE 2-Kohn warns Congress on meddling in Fed’s affairs

(Reuters) – The U.S. Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy. Continue reading

FDIC Insurance Fund: It Doesn’t Actually Exist

When FDIC head Shelia Bair says her agency might have to bolster the FDIC’s insurance fund with Treasury borrowings to pay for the new spate of bank failures, a lot of us, this 40-year banking veteran included, assumed there’s an actual FDIC fund in need of bolstering. Continue reading

Secret Bush-Clinton-Federal Reserve Pakistani Accounts Revealed

It can now be reported that the recent resignation of former New York Federal Reserve Bank of New York Chairman, Stephen Frieidman, signals an expanding investigation of New York Attorny General Andrew Cuomo, who is not only focused on the massive New York state financial derivative Ponzi Scheme, but is now centered on money laundry, and possible funding of alleged terrorists in Pakistan. Continue reading

Bilderberg-chairman: ‘Bilderberg helped create the Euro’

According to Belgian viscount and current Bilderberg-chairman Étienne Davignon, the Euro was helped created by the Bilderberg Group in the 1990’s. He admitted this in an interview to the EUobserver online newspaper on March 16 2009. Continue reading

MSM: Greenspan backs bank nationalisation

The US government may have to nationalize some banks on a temporary basis to fix the financial system and restore the flow of credit, Alan Greenspan, the former Federal Reserve chairman, has told the Financial Times. Continue reading

Greed has pushed political credibility and financial trust into freefall

Recent scandals in America reveal a value system that puts the wealth of a few before the welfare of many

‘What an ideology is, is a conceptual framework with the way people deal with reality,” Alan Greenspan told the Congressional House oversight and government reform committee on 23 October. “Everyone has one. You have to – to exist, you need an ideology. The question is whether it is accurate or not.” As the former chairman of the Federal Reserve, from 1987 to 2006, Greenspan stood at the helm of US monetary policy during the time conditions for the current meltdown were being created.

“And what I’m saying to you,” he continued, “is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact … [I found a] flaw in the model that I perceived is the critical functioning structure that defines how the world works.” Continue reading

Video: Ron Paul – Printing Money Only Prolongs The Pain

Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain. Continue reading

Video: Ron Paul Confronts Bernanke On Global Currency Plans

Congressman demands to know if discussions regarding new reserve system to replace dollar have taken place

Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill. Continue reading