Progressive President Problem — Warfare and Welfare State — Big Government Intervention In Economy At Home and Militarily Abroad — Government Dependency — Serfdom and Collectivism in The New World Order — They Have Won — The Solution — Freedom Force International– Videos

Posted on April 25, 2013. Filed under: American History, Blogroll, Business, College, Communications, Constitution, Crime, Demographics, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government, government spending, history, History of Economic Thought, Language, Law, liberty, Life, Links, Macroeconomics, media, People, Philosophy, Politics, Rants, Raves, Regulations, Security, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , |

progressive_presidents

5_Living_US_Presidents

roundtables

Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy America

G. Edward Griffin: The Collectivist Conspiracy (Full Length)

An Idea Whose Time Has Come – G. Edward Griffin – Freedom Force International – Full

G. Edward Griffin Promotes Freedom Force International Part 1 of 2

G. Edward Griffin Promotes Freedom Force International Part 2 of 2

Capitalism Without Guilt – Yaron Brook on morals of capitalism.

Invisible Empire A New World Order Defined Full

George W. Bush breaks down at library dedication

Bill Clinton speaks of Carroll Quigley at 1992 Democratic National Convention

tragedy-and-hope

Hillary Clinton admits that the CFR runs the Government

Dick Cheney ex-director of CFR talks to David Rockefeller

Americans and Collectivism – TheBlazeTV – The Glenn Beck Program – 2013.04.26

Glenn Beck Predicts New World Order. Global Reset. U.S. Will Be A 3rd World State

Glenn Beck- ‘How Did Communism Become Cool?’

Super rich are in a conspiracy to rule the world – G. Edward Griffin

G. Edward Griffin The Dangerous Servant A Discourse on Government

The Quigley Formula – G. Edward Griffin lecture

tragedyandhope.3

“Legalized Plunder of the American People” – G. Edward Griffin

The Shadows of Power: The Council on Foreign Relations and the American Decline | James Perloff

Invisible Empire A New World Order Defined Full

[yotube=http://www.youtube.com/watch?v=NO24XmP1c5E]

THE CREED OF FREEDOM

INTRINSIC NATURE OF RIGHTS
I believe that only individuals have rights, not the collective group; that these rights are intrinsic to each individual, not granted by the state; for if the state has the power to grant them, it also has the power to deny them, and that is incompatible with personal liberty.
I believe that a just state derives its power solely from its citizens. Therefore, the state must never presume to do anything beyond what individual citizens also have the right to do. Otherwise, the state is a power unto itself and becomes the master instead of the servant of society.

SUPREMACY OF THE INDIVIDUAL
I believe that one of the greatest threats to freedom is to allow any group, no matter its numeric superiority, to deny the rights of the minority; and that one of the primary functions of a just state is to protect each individual from the greed and passion of the majority.

FREEDOM OF CHOICE
I believe that desirable social and economic objectives are better achieved by voluntary action than by coercion of law. I believe that social tranquility and brotherhood are better achieved by tolerance, persuasion, and the power of good example than by coercion of law. I believe that those in need are better served by charity, which is the giving of one’s own money, than by welfare, which is the giving of other people’s money through coercion of law.

EQUALITY UNDER LAW
I believe that all citizens should be equal under law, regardless of their national origin, race, religion, gender, education, economic status, life style, or political opinion. Likewise, no class should be given preferential treatment, regardless of the merit or popularity of its cause. To favor one class over another is not equality under law.

PROPER ROLE OF THE STATE
I believe that the proper role of the state is negative, not positive; defensive, not aggressive. It is to protect, not to provide; for if the state is granted the power to provide for some, it must also be able to take from others, and that always leads to legalized plunder and loss of freedom. If the state is powerful enough to give us everything we want, it also will be powerful enough to take from us everything we have. Therefore, the proper function of the state is to protect the lives, liberty, and property of its citizens, nothing more. That state is best which governs least.


THE THREE COMMANDMENTS OF FREEDOM

The Creed of Freedom is based on five principles. However, in day-to-day application, they can be reduced to just three codes of conduct. These are The Three Commandments of Freedom:

INDIVIDUAL RIGHTS
Only individuals have rights, not groups. Therefore, do not sacrifice the rights of any individual or minority for the alleged rights of groups.

EQUALITY UNDER LAW
To favor one class of citizens over others is not equality under law. Therefore, do not endorse any law that does not apply to all citizens equally.

FREEDOM OF CHOICE
The proper function of the state is to protect, not to provide. Therefore, do not approve coercion for any purpose except to protect human life, liberty, or property.


THE THREE PILLARS OF FREEDOM

Another way of viewing these principles is to consider them as the three pillars of freedom. They are concepts that underlie the ideology of individualism, and individualism is the indispensable foundation of freedom.

For the rational and historical support for The Creed of Freedom, see The Chasm in the Issues section of his site. This 21-page document will take 10 to 45 seconds to load depending on the speed of your Internet connection.

Background Articles and Videos

Freedom Force International speaker for Liberty in Pittsburgh

Rare Carroll Quigley interview

Professor Carroll Quigley, Bill Clinton’s mentor at Georgetown University, authored a massive volume entitled “Tragedy and Hope” in which he states: “There does exist and has existed for a generation, an international network which operates, to some extent, in the way the radical right believes the Communists act. In fact, this network, which we may identify as the Round Table Groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims, and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies, but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.”

[1 of 5] Rare Carroll Quigley Interview

Carroll Quigley was the historian for the Council on Foreign Relations and author of Tragedy and Hope (tragedy is all the people who must suffer and die for the NWO, and the hope is the NEW WORLD ORDER )

Professor Quigley was a Globalist, he supported the idea NEW WORLD ORDER and wrote about it, he, unlike the elites, thought the people should know about it.

“I know of this network because I have studied it for twenty years and was permitted for two years in the early 1960s to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments. I have objected, both in the past and recently, to a few of its policies … but in general my chief difference of opinion is that it wishes to remain unknown, and I believe its role in history is significant enough to be known.” — Dr. Carroll Quigley, Tragedy and Hope

“The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences…”

“The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds’ central banks which were themselves private corporations…”

“The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.” Tragedy and Hope: A History of The World in Our Time (Macmillan Company, 1966,) Professor Carroll Quigley of Georgetown University

“The Council on Foreign Relations is the American branch of a society which originated in England … [and] … believes national boundaries should be obliterated and one-world rule established.” Dr. Carroll Quigley

“As a teenager, I heard John Kennedy’s summons to citizenship. And then, as a student, I heard that call clarified by a professor I had named Carroll Quigley.”President Clinton, in his acceptance speech for the Democratic Party’s nomination for president, 16 July 1992

[2 of 5] Rare Carroll Quigley Interview

[3 of 5] Rare Carroll Quigley Interview

[4 of 5] Rare Carroll Quigley Interview

[5 of 5] Rare Carroll Quigley Interview

The Creature From Jekyll Island (by G. Edward Griffin)

The Creature From Jekyll Island
A Second Look at the Federal Reserve
by G. Edward Griffin

Recorded: 1994

Edward Griffin – The Subversion Factor

CFR – List of Members and Organisations Involved

Jimmy Carter Administration

President Carter (who became a CFR member in 1983) appointed over 60 CFR members to serve in his Administration:

  • Walter Mondale (Vice-President)
  • Zbigniew Brzezinski (National Security Advisor)
  • Cyrus R. Vance (Secretary of State)
  • W. Michael Blumenthal (Secretary of Treasury)
  • Harold Brown (Secretary of Defense)
  • Stansfield Turner (Director of the CIA)
  • Gen. David Jones (Chairman of the Joint Chiefs of Staff)

Ronald Reagan Administration

There were 75 CFR and Trilateral Commission members under President Reagan:

  • Alexander Haig (Secretary of State)
  • George Shultz (Secretary of State)
  • Donald Regan (Secretary of Treasury)
  • William Casey (CIA Director)
  • Malcolm Baldridge (Secretary of Commerce)
  • Jeanne J. Kirkpatrick (U.N. Ambassador)
  • Frank C. Carlucci (Deputy Secretary of Defense)
  • William E. Brock (Special Trade Representative)

George H. W. Bush Administration

During his 1964 campaign for the U.S. Senate in Texas, George Bush said: “If Red China should be admitted to the U.N., then the U.N. is hopeless and we should withdraw.” In 1970, as Ambassador to the U.N., he pushed for Red China to be seated in the General Assembly. When Bush was elected, the CFR member became the first President to publicly mention the “New World Order” and had in his Administration nearly 350 CFR and Trilateral Commission members:

  • Brent Scowcroft (National Security Advisor)
  • Richard B. Cheney (Secretary of Defense)
  • Colin L. Powell (Chairman of the Joint Chiefs of Staff)
  • William Webster (Director of the CIA)
  • Richard Thornburgh (Attorney General)
  • Nicholas F. Brady (Secretary of Treasury)
  • Lawrence S. Eagleburger (Deputy Secretary of State)
  • Horace G. Dawson, Jr. (U.S. Information Agency and Director of the Office of Equal Opportunity and Civil Rights)
  • Alan Greenspan (Chairman of the Federal Reserve Board)

Bill Clinton Administration

When CFR member Bill Clinton was elected, Newsweek magazine would later refer to him as the “New Age President.” In October, 1993, Richard Harwood, a Washington Post writer, in describing the Clinton Administration, said its CFR membership was “the nearest thing we have to a ruling establishment in the United States”.

  • Albert Gore, Jr. (Vice-President)
  • Donna E. Shalala (Secretary of Health and Human Services)
  • Laura D. Tyson (Chairman of the Council of Economic Advisors)
  • Alice M. Rivlin (Deputy Director of the Office of Management and Budget)
  • Madeline K. Albright (U.S. Ambassador to the U.N.)
  • Warren Christopher (Secretary of State)
  • Clifton R. Wharton, Jr. (Deputy Secretary of State and former Chairman of the Rockefeller Foundation)
  • Les Aspin (Secretary of Defense)
  • Colin Powell (Chairman, Joint Chiefs of Staff)
  • W. Anthony Lake (National Security Advisor)
  • George Stephanopoulos (Senior Advisor)
  • Samuel R. ‘Sandy’ Berger (Deputy National Security Advisor)
  • R. James Woolsey (CIA Director)
  • William J. Crowe, Jr. (Chairman of the Foreign Intelligence Advisory Board)
  • Lloyd Bentsen (former member, Secretary of Treasury)
  • Roger C. Altman (Deputy Secretary of Treasury)
  • Henry G. Cisneros (Secretary of Housing and Urban Development)
  • Bruce Babbit (Secretary of the Interior)
  • Peter Tarnoff (Under Secretary of State for International Security of Affairs)
  • Winston Lord (Assistant Secretary of State for East Asian and Pacific Affairs)
  • Strobe Talbott (Aid Coordinator to the Commonwealth of Independent States)
  • Alan Greenspan (Chairman of the Federal Reserve System)
  • Walter Mondale (U.S. Ambassador to Japan)
  • Ronald H. Brown (Secretary of Commerce)
  • Franklin D. Raines (Economics and International Trade).

George W. Bush Administration

  • Richard Cheney (Vice President, former Secretary of Defense under President G.H.W. Bush)
  • Colin Powell (Secretary of State, former Chairman of the Joint Chiefs of Staff under Presidents Bush and Clinton)
  • Condoleeza Rice (National Security Advisor, former member of President Bush’s National Security Council)
  • Robert B. Zoellick (U.S. Trade Representative, former Under Secretary of State in the Bush administration)
  • Elaine Chao (Secretary of Labor)
  • Brent Scowcroft (Chairman of the Foreign Intelligence Advisory Board, former National Security Advisor to President Bush)
  • Richard Haass (Director of Policy Planning at the State Department and Ambassador at Large)
  • Henry Kissinger (Pentagon Defense Policy Board, former Secretary of State under Presidents Nixon and Ford)
  • Robert Blackwill (U.S. Ambassador to India, former member of President Bush’s National Security Council)
  • Stephen Friedman (Sr. White House Economic Advisor)
  • Stephen Hadley (Deputy National Security Advisor, former Assistant Secretary of Defense under Cheney)
  • Richard Perle (Chairman of Pentagon Defense Policy Board, former Assistant Secretary of Defense in the Reagan administration)
  • Paul Wolfowitz (Assistant Secretary of Defense, former Assistant Secretary of State in the Reagan administration and former Under Secretary of Defense in the Bush administration)
  • Dov S. Zakheim (Under Secretary of Defense, Comptroller, former Under Secretary of Defense in the Reagan administration)
  • I. Lewis Libby (Chief of Staff for the Vice President, former Deputy Under Secretary of Defense).

http://modernhistoryproject.org/mhp?Article=FinalWarning&C=5.3

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Glenn Beck Out-of-The Closet Tea Party Libertarian–When Will Glenn Tell Us He Has Joined Dallas Chapter of The John Birch Society? — Videos

Posted on February 24, 2013. Filed under: American History, Banking, Blogroll, Business, College, Communications, Cult, Culture, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, Food, government, government spending, Health Care, history, Investments, liberty, Life, Links, Macroeconomics, media, Medicine, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Psychology, Raves, Religion, Tax Policy, Video, War, Wealth | Tags: , , , , , , , , , , , , , , |

glenn-beck-2

Glenn Beck Apologizes to Libertarians, Begs them to Welcome New People into

robert_welch

Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy

What Is the John Birch Society? 

History Lesson: Eisenhower Agriculture Sect. Sounds the Alarm Over Take Over of America 1 of 2

History Lesson: Eisenhower Agriculture Sect. Sounds the Alarm Over Take Over of America 2 of 2

Karl Rove vs. The Tea Party: Conservative Civil War

The John Birch Society

John Birch Society documentary from the 1960’s

life_words_robert_welch

G.Edward_Griffin

G. Edward Griffin – The Collectivist Conspiracy

G. Edward Griffin The Dangerous Servant A Discourse on Government

G. Edward Griffin in Toronto (November 16th 2012)

creature_jekyll_island

The Creature From Jekyll Island (by G. Edward Griffin)

G. Edward Griffin on Glenn Beck

“The Federal Reserve Is a Cartel” – G. Edward Griffin

Betrayal of the Constitution  An Exposé of the Neoconservative Agenda.flv 

john_mcmannus

JBS (John Birch Society) Overview of America Part 1 (HQ)

Alex Jones welcomes John Birch Society President John McManus 1/5

Alex Jones welcomes John Birch Society President John McManus 2/5 

Alex Jones welcomes John Birch Society President John McManus 3/5

Alex Jones welcomes John Birch Society President John McManus 4/5

Alex Jones welcomes John Birch Society President John McManus 5/5

Alex-Jones

Invisible Empire A New World Order Defined Full (Order it at Infowars.com)

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Obama’s Socialist Mopster Red Bucket Brigade for The Rockefeller and Soros Agenda of World Socialist Government–A New World Order!

Posted on October 19, 2009. Filed under: Blogroll, Books, Climate, Communications, Culture, Demographics, Economics, Education, Employment, Energy, Fiscal Policy, Foreign Policy, history, Immigration, Investments, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Reviews, Science, Talk Radio, Technology, Video | Tags: , , , , , , , , , , |

mop

 

Obama I’m Busy With My Socialist Mop

 

We have to STOP THIS!!

 

The Socialist Agenda

In 1979 Soros established the Open Society Institute (OSI), which serves as the flagship of a network of Soros foundations that donate tens of millions of dollars each year to a wide array of individuals and organizations that share the founder’s agendas. Those agendas can be summarized as follows:

  • promoting the view that America is institutionally an oppressive nation
  • promoting the election of leftist political candidates throughout the United States
  • opposing virtually all post-9/11 national security measures enacted by U.S. government, particularly the Patriot Act
  • depicting American military actions as unjust, unwarranted, and immoral
  • promoting open borders, mass immigration, and a watering down of current immigration laws
  • promoting a dramatic expansion of social welfare programs funded by ever-escalating taxes
  • promoting social welfare benefits and amnesty for illegal aliens
  • defending the civil rights and liberties of suspected anti-American terrorists and their abetters
  • financing the recruitment and training of future activist leaders of the political Left
  • advocating America’s unilateral disarmament and/or a steep reduction in its military spending
  • opposing the death penalty in all circumstances
  • promoting socialized medicine in the United States
  • promoting the tenets of radical environmentalism, whose ultimate goal, as writer Michael Berliner has explained, is “not clean air and clean water, [but] rather … the demolition of technological/industrial civilization”
  • bringing American foreign policy under the control of the United Nations
  • promoting racial and ethnic preferences in academia and the business world alike
  • promoting taxpayer-funded abortion-on-demand
  • advocating stricter gun-control measures
  • advocating the legalization of marijuana

http://www.discoverthenetworks.org/individualProfile.asp?indid=977

 

Dr Jerome Corsi on Hannity: Socialism and One World Government – 1 of 2

 

America For Sale – Obama’s Communist Agenda

 

New World Order for Dummies….

 

Obama and Rockefeller 1

 

Obama and Rockefeller 2

 

Obama-New World Connection Part 1 of 3

 

“…The Trilateral Commission’s roots stem from the book Between Two Ages (16) written by Zbigniew Brzezinski in 1970. The following quotations from that book show how closely Brzezinski’s thinking parallels that of CFR founder Edward Mandell House.

On page 72, Brzezinski writes: “Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief.”

On page 83, he states: “Marxism, disseminated on the popular level in the form of Communism, represented a major advance in man’s ability to conceptualize his relationship to his world.”

And on page 123, we find: “Marxism supplied the best available insight into contemporary reality.”

Nowhere does Mr. Brzezinski tell his readers that the Marxism “in the form of Communism,” which he praises, has been responsible for the murder of approximately 100 million human beings in the Twentieth Century, has brought about the enslavement of over a billion more, and has caused want, privation and despair for all but the few criminals who run the communist-dominated nations.

On page 198, after discussing America’s shortcomings, Brzezinski writes: “America is undergoing a new revolution” which “unmasks its obsolescence.” We disagree; America is not becoming obsolete.

On page 260, he proposes “Deliberate management of the American future…with the…planner as the key social legislator and manipulator.” The central planning he wants for our country is a cardinal underpinning of communism and the opposite of the way things are done in a free country.

On page 296, Mr. Brzezinski suggests piecemeal “Movement toward a larger community of the developed nations…through a variety of indirect ties and already developing limitations on national sovereignty.” Here, we have the same proposal that has been offered by Richard Gardner in the CFR publication Foreign Affairs.

Brzezinski then calls for the forging of community links among the United States, Western Europe, and Japan; and the extension of these links to more advanced communist countries. Finally, on page 308 of his 309-page hook, he lets us know that what he really wants is “the goal of world government”. …” 

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_trilat02.htm

 

 

The Republican Party and President Bush lost the support of the conservative movement in the 2006 and 2008 elections for supporting an agenda of open borders, amnesty for criminal aliens, massive deficit spending and rising national debt resulting in the devaluing of the purchasing power of the US dollar. 

 

 

The Democratic Party and President Obama are losing the support of independents and older voters for pursuing the same economic policies of President Bush by a factor of 3 to 4 times worse.

 

bush_obama_deficits

 

Stop Spending Our Future – The Crisis

 

Federal Deficit As Percentage of Gross Domestic Product By Administration

Federal Deficit As Percentage of Gross Domestic Product By Administration

 

 

This is not change–it is selling out the American people by the political elites of both political parties.

 

The American people are wising up.

 

The American people will target for defeat politicians of both parties who pursue the Progressive Radical Socialist Agenda funded in part by Rockefeller and Soros, their foundations,  and executives working for companies benefiting from bailouts and stimulus spending.

 

Join the Second American Revolution.

 

What is To Be Done To Create Economic Growth, Jobs and Wealth? Kudlow, Pence, Moore, Friedman and Hayek–Free Markets, Tax Holiday and The FairTax!

 

Background Articles and Videos

“…George Soros

  • Multi-billionaire funder of leftwing causes and groups
  • Founder of the Open Society Institute
  • Stated that defeating President Bush in the 2004 election “is the central focus of my life”

George Soros was born on August 12, 1930 in Budapest, Hungary. His father, Teodoro Schwartz, was an Orthodox Jew who, in 1936, changed the family surname from Schwartz to Soros in order to enable his family to conceal its Jewish identity and thus to survive the Nazi Holocaust. In 1947 Soros’ family relocated from Hungary to England. Five years later, George graduated from the London School of Economics. He subsequently worked for a London stockbroker.

In 1956 Soros, with meager personal assets, emigrated to the United States. He would go on to become one of the world’s leading hedge fund investors and currency traders. In 1969 he started his enormously successful Quantum Fund, which, over the ensuing three decades, yielded its long-term investors a four thousand-fold gain on their initial 1969 investments.

In a $10 billion 1992 deal whose success was contingent upon the devaluation of the British Pound, Soros earned himself a $1 billion profit and the title, “the man who broke the Bank of England.” To date, he has amassed a personal fortune exceeding $7 billion. In addition, his management company controls billions of dollars more in investor assets. …”

http://www.discoverthenetworks.org/individualProfile.asp?indid=977

 

Rebutting Rockefeller: the chairman of the Earth Charter drafting committee takes issue with this magazine’s expose, “The New World Religion.” The facts show that his objections are not sustainable

By William F. Jasper 

http://findarticles.com/p/articles/mi_m0JZS/is_22_18/ai_n25057082/

 

Indoctrinating Our Youth in Earth Worship (Part 1 of 2)

 

Indoctrinating Our Youth in Earth Worship (Part 2 of 2)

 

 

Obama-New World Connection Part 2 of 3

 

Obama-New World Connection Part 3 of 3

 

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Cap and Trade Carbon Dioxide Tax: Gore’s and Obama’s Revenge on The American People–Let Them Freeze and Sweat!

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Al Gore 2.0 and The Coming Renewable Energy Ice Age–The Big Chill

Al Gore: Agent of Influence or Useful Idiot of Disinformation

Al Gore: Agent of Influence and Planetary Propeller Head!

Al Gore’s Little White Lie: Man-Made Global Warming Causing Polar Bears To Drown

Al Gore’s Big Whopper–Sea Levels Rise By 2100: Gore 20 Feet vs IPCC 2 Feet?

Obama’s Rush To Progressive Radical Socialism–Will The American People Stop Him?

 

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Bailed Out Bank Trillion Dollar Derivative Exposure

Posted on April 11, 2009. Filed under: Blogroll, Economics, Employment, Investments, Law, Links, Politics, Rants, Regulations, Resources, Security, Taxes, Video | Tags: , , , , , , , , , , , , , , , , |

 

red_socialism

“…Over 93.7% ($188 Trillion) of this gross exposure was held by only four bank s, J. P. Morgan Chase, Bank of America, Citibank and Goldman Sachs.  One institution, J. P. Morgan Chase, accounted for $87 Trillion of the total exposure or approximately 140% of Gross World Product. …”

~OCC’s Quarterly Report on Bank Trading and Derivatives Activities: Fourth Quarter 2008

While President Obama is in firing mode, how about asking all his campaign contributors to resign as board members and executives of banks that bet trillions of dollars on mortage derivative securities and are now being bailed out by the American people to cover their massive losses from derivative securities trading.

The loss exposure from these derivative  securities, mainly credit default swaps, is over a trillion dollars!

Time for the Federal Government to stop the bailouts, fire the management of these banks, and close this mess down.

Enough is enough.

Wall Street made billions of dollars on this business and should bear the losses.

The American people and the Federal Government should not bail these greedy, arrogant, stupid bastards out.

If the Federal Govenment continues to bailout these bastards, we know who the bought and paid for corrupt politicians are of both political parties.

The American people will be coming after them soon.

Massive theft of the American people  are high crimes–crimes of the century!

Join the Second American Revolution

 

Second American Revolution–Tea Party Celebrations–Washington Fair–July 4, 2009–An Open Invitation To The American People

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

 

  Please Spread The Message of Liberty

 

Background Articles and Videos

OCC Reports Fourth Quarter Bank Trading Loss

“…The report also noted that:

  • Derivatives contracts are concentrated in a small number of institutions. The largest five banks hold 96 percent of the total notional amount of derivatives, while the largest 25 banks hold nearly 100 percent.
  • Credit default swaps are the dominant product in the credit derivatives market, representing 98 percent of total credit derivatives.
  • The number of commercial banks holding derivatives increased by 33 in the quarter to 1,010.

A copy of the OCC’s Quarterly Report on Bank Trading and Derivatives Activities: Fourth Quarter 2008 is available on the OCC’s Web site at: http://www.occ.gov/ftp/release/2009-34a.pdf.  

http://www.occ.treas.gov/ftp/release/2009-34.htm 

 

How Much Risk is the Treasury Really Assuming from the Financial Institutions?

Posted by John Slater on April 7, 2009

“…Last week the Comptroller of the Currency – Administrator of National Banks issued its quarterly report on Bank Trading and Derivatives Activities – Fourth Quarter 2008.  In reviewing the report, several things become quickly apparent.

1.    Derivatives Trading is a really big business; the notional amount of all derivatives positions at all U. S. commercial banks and trust companies that participate in this business was slightly more than $200 Trillion on December 31, 2008.  That’s more than three times Gross World Product which the CIA estimates to have been a little over $62 Trillion in 2008.

2.    Over 93.7% ($188 Trillion) of this gross exposure was held by only four bank s, J. P. Morgan Chase, Bank of America, Citibank and Goldman Sachs.  One institution, J. P. Morgan Chase, accounted for $87 Trillion of the total exposure or approximately 140% of Gross World Product.

3.    While the bulk of the exposure ($181 Trillion) was in the “traditional” derivatives markets, interest rate and FOREX swaps, almost $16 Trillion was in Credit Default Swaps, up from $1 Trillion in such transactions five years earlier.

4.    What had once been a very profitable business for the major banks, turned decidedly sour in 2008, with net reported trading losses of $836 million for the year as compared with profits of $5.5 Billion in 2007 and $18.8 Billion in 2006.  Drilling down to the details, Credit Default Swaps generated losses for the banks in 2008 of $12.6 Billion, more than offsetting gains for the year in Interest Rate and Foreign Exchange trading. …”

“…The OCC report provides a lengthy explanation as to why the notional amounts dramatically overstate the risk posed to the system by these contracts.  First, the real credit exposure is not the notional amount of the contract, but the amount that the market has moved from the strike price of the swap: i.e. the net amount the counterparty would be obligated to pay to true up the contract based on current market conditions.  This is referred to as the Gross Positive Value (GPV) of the contracts.  Since this GPV is in effect an unsecured claim against another financial institution, it represents a credit risk to the holder of the claims.  At yearend total GPV held by U. S. commercial banks was $7.1 Trillion.  Actual credit exposure was much lower, however, as the holders have the legal right to set off this exposure against certain of their counter exposures to the obligor institutions (Gross Negative Fair Values).

The netted credit exposure was estimated to be only $800 billion.  Added to this was Potential Future Exposure of $782 Billion based upon the amount by which the contracts could move in favor of the obligee banks to generate a Total Credit Exposure of $1.58 Trillion.  For the top five derivatives trading banks (the four above plus the U. S. operations of HSBC) total credit exposure averaged 489% of the institutions’ Risk Based Capital at the end of the fourth quarter.  At one bank, Goldman Sachs, credit exposure was more than 1000% of Risk Based Capital.  To be fair this calculation does not take into account pledged collateral backing a portion of the credit risks, which the OCC estimates as typical averaging 30-40% of the exposure amounts, so actual credit exposure was presumably somewhat lower. …”

http://mergers.com/toughtimes/2009/how-much-risk-is-the-treasury-really-assuming-from-the-financial-institutions/

How Much Risk is the Treasury Really Assuming from the Financial Institutions? (Part 2)

“… Our previous post raised the question of just how much risk is being assumed by the U. S. Treasury with its apparent implied guaranty of the unsecured obligations of the major financial institutions.  We asked whether the $188 Trillion (notional amount) of derivatives transactions on the books of four major banks (J. P. Morgan Chase, Bank of America, Citibank and Goldman Sachs) could potentially pose risks not fully understood by the banks or their regulators. 

In evaluating the potential risks inherent in the derivatives positions of the banks (and more particularly at the risks of the Credit Default Swaps (“CDS”)), it is necessary to look at the one situation where similar risks have been converted to real losses: i.e. AIG Financial Products (AIG FP).   Chris Whalen of Institutional Risk Analytics has done so in depth in a recent article posted here. 

Mr. Whalen paints a picture of financial instruments created for the purpose of enabling financial as well as non-financial companies to falsify their earnings through the issuance of insurance contracts calculated to remove certain assets and liabilities from companies’ books and by doing so to bring them into compliance with regulatory capital requirements or shift earnings and losses between reporting period, with the presumed intent of manipulating the equity prices of the counterparties.  He further asserts that these ostensibly “economic” transactions were converted to blatant fraud through side letters never disclosed to company management, auditors or regulators that absolved the writers of these contracts from responsibility for honoring their commitments.  These activities are further described as the essence of the SEC’s charges against AIG in a Complaint brought against AIG in 2004. …”

http://seekingalpha.com/instablog/274498-john-slater/358-how-much-risk-is-the-treasury-really-assuming-from-the-financial-institutions-part-2

Will Credit Defaul Swaps Worsen Our Financial Problems? Pt1

 

Will Credit Defaul Swaps Worsen Our Financial Problems? Pt2

 

The Real Estate and Credit Meltdown: How Did We Get Here and Where Do We Go?

 

 

 

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President Barack Obama Puppet of Trilateral Commission?–Videos

Posted on April 8, 2009. Filed under: Blogroll, Economics, Employment, Investments, Law, Links, Politics, Quotations, Rants, Regulations, Strategy, Technology, Uncategorized, Video | Tags: , , , , , , , , , , , , , , |

 

 

 

The Trilateral Commission’s roots stem from the book Between Two Ages (16) written by Zbigniew Brzezinski in 1970. The following quotations from that book show how closely Brzezinski’s thinking parallels that of CFR founder Edward Mandell House.

On page 72, Brzezinski writes: “Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief.”

On page 83, he states: “Marxism, disseminated on the popular level in the form of Communism, represented a major advance in man’s ability to conceptualize his relationship to his world.”

And on page 123, we find: “Marxism supplied the best available insight into contemporary reality.”

Nowhere does Mr. Brzezinski tell his readers that the Marxism “in the form of Communism,” which he praises, has been responsible for the murder of approximately 100 million human beings in the Twentieth Century, has brought about the enslavement of over a billion more, and has caused want, privation and despair for all but the few criminals who run the communist-dominated nations.

On page 198, after discussing America’s shortcomings, Brzezinski writes: “America is undergoing a new revolution” which “unmasks its obsolescence.” We disagree; America is not becoming obsolete.

On page 260, he proposes “Deliberate management of the American future…with the…planner as the key social legislator and manipulator.” The central planning he wants for our country is a cardinal underpinning of communism and the opposite of the way things are done in a free country.

On page 296, Mr. Brzezinski suggests piecemeal “Movement toward a larger community of the developed nations…through a variety of indirect ties and already developing limitations on national sovereignty.” Here, we have the same proposal that has been offered by Richard Gardner in the CFR publication Foreign Affairs.

Brzezinski then calls for the forging of community links among the United States, Western Europe, and Japan; and the extension of these links to more advanced communist countries. Finally, on page 308 of his 309-page hook, he lets us know that what he really wants is “the goal of world government”. …”

  

 

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_trilat02.htm

 

Obama and Rockefeller 1

 

Obama and Rockefeller 2

Revelle Forum: David Rockefeller

 

Chapter 9.1: The Trilateral Commission
The Trilateral Commission, the CFR, and control of the White House

“…Brzezinski was the author of the book Between Two Ages, which was published in 1970, in which he called for a new international monetary system, and it was considered to be the ‘Bible’ of the Trilateralists. On page 72, he said: “Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief.” He called for “deliberate management of the American future” (pg. 260), a “community of nations” (pg. 296), and a “world government” (pg. 308). He became its first Director (1973-76), drafted its Charter, and became its driving force.

Funding for the group came from David Rockefeller, the Charles F. Kettering Foundation, and the Ford Foundation.

 

In July, 1972, Rockefeller called his first meeting, which was held at Rockefeller’s Pocantico compound in New York’s Hudson Valley. It was attended by about 250 individuals who were carefully selected and screened by Rockefeller and represented the very elite of finance and industry.

Within a year, after their first full meeting of the Executive Committee in Tokyo, the Trilateral Commission, considered to be an off-shoot of the Bilderberg group, was officially initiated, holding biannual meetings. Because of a heavy cross-membership, some researchers have said that they appear to be an inner circle of the Council on Foreign Relations, with ties to the Atlantic Institute for International Affairs (established in 1961), and the Bilderberg Group.

The Trilateral Commission represents a union of experts and transnational elite from the three noncommunist industrial regions of the world: North America, Japan, and Western Europe (excluding Austria, Greece, and Sweden). Rockefeller saw the need for such a private consultation among these three democratic areas. With the demise of the Bretton Woods system, they believed an overhaul was needed. The theory was that America’s role should be diminished, and made equal to the Common Market [E.U.] and Japan, because together, the three represent 70% of the world’s trade. …”

http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn09-1 

 

Bank of International Settlements

http://www.bis.org/

 

Obama: Trilateral Commission Endgame

By Patrick Wood

“…According to official Trilateral Commission membership lists, there are only 87 members from the United States (the other 337 members are from other regions). Thus, in less than two weeks since his inauguration, Obama’s appointments encompass more than 12% of Commission’s entire U.S. membership.

Is this a mere coincidence or is it a continuation of dominance over the Executive Branch since 1976? (For important background, read The Trilateral Commission: Usurping Sovereignty.)

  • Secretary of Treasury, Tim Geithner
  • Ambassador to the United Nations, Susan Rice
  • National Security Advisor, Gen. James L. Jones
  • Deputy National Security Advisor, Thomas Donilon
  • Chairman, Economic Recovery Committee, Paul Volker
  • Director of National Intelligence, Admiral Dennis C. Blair
  • Assistant Secretary of State, Asia & Pacific,  Kurt M. Campbell
  • Deputy Secretary of State, James Steinberg
  • State Department, Special Envoy, Richard Haass
  • State Department, Special Envoy, Dennis Ross
  • State Department, Special Envoy, Richard Holbrooke

There are many other incidental links to the Trilateral Commission, for instance, 

Secretary of State Hillary Clinton is married to Commission member William Jefferson Clinton

Geithner‘s informal group of advisors include E. Gerald Corrigan, Paul Volker, Alan Greenspan and Peter G. Peterson, among others. His first job after college was with Henry Kissinger at Kissinger Associates.

Brent Scowcroft has been an unofficial advisor to Obama and was mentor to Defense Secretary Robert Gates.

Robert Zoelick is currently president of the World Bank

Laurence Summers, White House Economic Advisor, was mentored by former Treasury Secretary Robert Rubin during the Clinton administration.

There are many other such links, but these are enough for you to get the idea of what’s going on here. …”

“…Conclusion

The Obama presidency is a disingenuous fraud. He was elected by promising to bring change, yet from the start change was never envisioned. He was carefully groomed and financed by the Trilateral Commission and their friends.

In short, Obama is merely the continuation of disastrous, non-American policies that have brought economic ruin upon us and the rest of the world. The Obama experience rivals that of Jimmy Carter, whose campaign slogan was “I will never lie to you.” 

When the Democrat base finally realizes that it has been conned again (Bill Clinton and Al Gore were members), perhaps it will unleash a real political revolution that will oust Trilateral politicians, operatives and policies from the shores of our country.

If the reader is a Democrat, be aware that many Republicans and conservatives are still licking their wounds after finally realizing that George Bush and Dick Cheney worked the same con on them for a disastrous eight years of the same policies! …”

http://www.augustreview.com/news_commentary/trilateral_commission/obama:_trilateral_commission_endgame__update_1__20090127110/

The return of the Trilateral undead

“…It’s not accidental that so many of the original members of the Trilateral Commission, all of whom are now well into their 80’s, have returned to dance in the limelight once again.

TC Members like Henry Kissinger, Zbigniew Brzezinski, Paul Volker and Brent Scowcroft, for instance. …”

“…So, now we have the mother of all crises and on a global scale at that: Financial, political, religious (remember Islam?). 

And socialistic solutions are being railroaded through on a daily basis.

If the New World Order baby is about to be delivered, wouldn’t you expect the fathers (Kissinger, Brzezinski, Scowcroft, Volker, Rockefeller, et al) to show up and pace the floor?

Everybody figures that these guys are just crusty and harmless old men, but I will guarantee that when the baby is finally born the screaming will begin.  …”

http://www.augustreview.com/news_commentary/trilateral_commission/chorus_call_for_new_world_order_20090108109/ 

 

http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn09-1

 

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