Jon Rappoport’s Blog | January 4 2013
In the Matrix, cover stories are everything. There are layers of them.
When it comes to so-called democratic governments, the lies and legends and fairy tales and half-truths and limited hangouts are nearly endless.
Imagine a bank robber posing as a hundred different people, with a history for each identity. Every identity’s story is a limited hangout, a partial exposure of who he really is…you get some truth about his mistakes, his problems, his struggles, his hopes and dreams, but the one thing you don’t get is the naked details of his bank robberies.
Intro: Robert Stuart, a US software developer, has been charged with a felony. He sold software to a firm outside the country, who used it to promote and facilitate online gambling. All legal. No problem.
But US authorities claim the software was then grabbed and deployed by American business people, who, without permission, used it to enable illegal online betting within these shores. Hence, charges have been filed against…Stuart!
Absurd on the face of it, so far.
“I grew tomatoes in California, sold them to a French wholesaler, but three guys in New Jersey somehow got hold of a few of the tomatoes, threw them in the face of an Atlantic City housewife—so I’m charged with assault.”
However, all this makes perfect sense, if you realize the government is incensed because they’re not getting a piece of the gambling action. And they have to punish somebody, anybody for that. It’s the money.
The money. Okay?
SenatorSanders | December 6 2012
SenatorSanders| November 30 2012
IntelHub | September 5 2012
Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 ( HR459) much to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank.
In August, the House of Representatives voted 327 – 98 in favor, which exceeded the necessary 2/3rd majority.
Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are “sick and tired of what happened in the bailout and where the wealthy got bailed out and the poor lost their jobs and they lost their homes.”
The Audit legislation will direct the Government Accountability Office (GAO), which is an independent congressional agency, to oversee a full review of the Fed’s monetary policy while conducting an audit of them.
Their decisions will be turned over to the Federal Open Market Committee.
In July, the first audit of the Federal Reserve Bank of New York (FRBNY) was published by the Government Accountability Office (GAO).
According to Senator Bernie Sanders :
“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”
Between 2007 – 2010, the Federal Reserve banks provided “assistance” of more than a trillion dollars in “emergency loans” to stabilize the financial system.
A source in the Deutsche Bank explained that in 2008 our financial and monetary system completely collapsed and since that time the banking cartels have been “propping up the system” to make it appear as if everything was fine.
Intel Hub | June 21 2012
As readers of End the Lie likely know all too well, genetically modified organisms (GMOs), also known as genetically engineered (GE) or genetically modified (GM) crops raise countless agricultural and health concerns.
Once again, this power has surfaced in Washington, this time in the rejection of an amendment to the 2012 Farm Bill in the Senate which would have given states the right to demand that foods containing genetically modified ingredients be labeled as such.
You read that right, the amendment would not require states to have products labeled, rather, it would simply allow them to demand that the products be properly labeled.
At this point, you are probably wondering what the argument against giving people the right to know what is in their food might actually be.
Well, one argument came from the chair of the Senate Agriculture Committee Debbie Stabenow. Stabenow claimed that it could somehow interfere with the development of drought resistant crops.
Personally, I found this to be completely nonsensical and devoid of any and all reason.
Giving states the right to demand the labeling of genetically modified foods for human consumption has absolutely nothing to do with the research and development of drought resistant crops.
The only shred of logic I can find in this claim is that decreased consumer demand of GMO foods would hurt the profits of the companies that develop the genetically engineered drought resistant crops.
Sorry, Stabenow, but that’s just the way the cookie crumbles in a truly capitalist, not corporatist, system.
Common Dreams | June 12 2012
‘Inherent conflicts of interest’ in 2008 bailout aftermath revealed ~ Common Dreams staff
A report released today by US Senator Bernie Sanders (I-Vt.) has revealed the names of 18 former and current directors from Federal Reserve Banks who directly benefited from financial bailouts after the 2008 crisis. The Reserve directors worked in banks and corporations that collectively received over $4 trillion in bailout money allocated by the Federal Reserve.
Jamie Dimon, chairman and chief executive of JP Morgan Chase, and and other Fed board members’ benefited from Fed actions. (Reuters/Keith Bedford) Essentially, action taken by the Federal Reserve overwhelmingly benefited directors of the Federal Reserve, above other beneficiaries. The report titled Jamie Dimon Is Not Alone names the top 18 Reserve directors including Jamie Dimon who received the largest Federal Reserve loans and other financial assistance during the crisis.
“This report reveals the inherent conflicts of interest that exist at the Federal Reserve. At a time when small businesses could not get affordable loans to create jobs, the Fed was providing trillions in secret loans to some of the largest banks and corporations in America that were well represented on the boards of the Federal Reserve Banks. These conflicts must end,” Sanders said.
To read the report click here (pdf).
Senator Bernie Sanders: Fed Board Member Conflicts Detailed by GAO: Banks and Businesses
More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse, according to Government Accountability Office records made public for the first time today by Sen. Bernie Sanders.
Reader Supported News | April 13 2012
U.S. Sen. Bernie Sanders (I-Vt.) welcomed today’s Vermont Senate passage of a resolution calling on Congress to propose a constitutional amendment to undo a U.S. Supreme Court ruling that threw out a ban on corporate campaign spending.
“I congratulate the Vermont Senate for this important vote. Citizens United was one of the worst decisions ever handed down by the Supreme Court. The people of Vermont and across America are totally disgusted with the huge amounts of money that billionaires and corporations are now throwing into the political process as a result of that misguided decision,” Sanders said.
“The Vermont Senate has now added its strong voice to a grassroots movement that is growing all across the United States,” he added. “We must overturn this disastrous decision.”
The Vermont Senate resolution asks Congress to consider an amendment to clarify that “money is not speech and corporations are not persons under the U.S. Constitution.”
John Nichols (The Capital Times) | RS_News | March 12 2012
OPINION | Vermonters went to their town meetings last week to settle questions about dump fees, snowplowing contracts and utility meters.
They also decided to take on the corrupt campaign system that is steering the republic toward catastrophe.
And they have done so in a voice loud enough to be heard all the way to Washington.
By Thursday morning, 64 towns had moved to amend the U.S. Constitution to overturn the Supreme Court’s Citizens United ruling – as well as the false construct that says, in the words of Mitt Romney, “Corporations are people, my friend.”
“The resounding results will send a strong message that corporations and billionaires should not be allowed to buy candidates and elections with unlimited, undisclosed spending on political campaigns,” declared U.S. Sen. Bernie Sanders, I-Vt.
Vermonters are not the first Americans to move to amend. Referendums have already passed in Madison and Dane County. Cities across the country, including Los Angeles, have urged Congress to begin the amendment process. State legislatures in Hawaii and New Mexico have too. (State Reps. Mark Pocan and Chris Taylor are proposing that Wisconsin join the call.)
But what has happened in Vermont is remarkable. Town meetings endorsed what once seemed a radical response.
It is not just liberals who are saying corporations are not people.
“Support for the resolution cut across party lines. Six towns in Republican districts and 13 cities and towns that have sent both Democrats and Republicans to the state legislature voted for the resolution by wide margins,” says Aquene Freechild of Public Citizen’s Democracy Is for People Campaign. “This bipartisan opposition to the Citizens United ruling mirrors several nationwide polls on the issue.”
www.unelected.org | January 26 2012
The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.
What was revealed in the audit was startling:
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious – the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is “only” $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is “only” $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.
By Bernie Sanders | Reader Supported News
November 8 2011
As a result of the greed, recklessness, and illegal behavior on Wall Street, the American people have experienced the worst economic crisis since the Great Depression. Millions of Americans, through no fault of their own, have lost their jobs, homes, life savings, and ability to send their kids to college. Small businesses have been unable to get the credit they need to expand their businesses, and credit is still extremely tight. Wages as a share of national income are now at the lowest level since the Great Depression, and the number of Americans living in poverty is at an all-time high.
Meanwhile, when small-business owners were being turned down for loans at private banks and millions of Americans were being kicked out of their homes, the Federal Reserve provided the largest taxpayer-financed bailout in the history of the world to Wall Street and too-big-to-fail institutions, with virtually no strings attached.
Over two years ago, I asked Ben Bernanke, the chairman of the Federal Reserve, a few simple questions that I thought the American people had a right to know: Who got money through the Fed bailout? How much did they receive? What were the terms of this assistance?
Incredibly, the chairman of the Fed refused to answer these fundamental questions about how trillions of taxpayer dollars were being spent.
The American people are finally getting answers to these questions thanks to an amendment I included in the Dodd-Frank financial reform bill which required the Government Accountability Office (GAO) to audit and investigate conflicts of interest at the Fed. Those answers raise grave questions about the Federal Reserve and how it operates — and whose interests it serves.
As a result of these GAO reports, we learned that the Federal Reserve provided a jaw-dropping $16 trillion in total financial assistance to every major financial institution in the country as well as a number of corporations, wealthy individuals and central banks throughout the world.
The GAO also revealed that many of the people who serve as directors of the 12 Federal Reserve Banks come from the exact same financial institutions that the Fed is in charge of regulating. Further, the GAO found that at least 18 current and former Fed board members were affiliated with banks and companies that received emergency loans from the Federal Reserve during the financial crisis. In other words, the people “regulating” the banks were the exact same people who were being “regulated.” Talk about the fox guarding the henhouse!
The emergency response from the Fed appears to have created two systems of government in America: one for Wall Street, and another for everyone else. While the rich and powerful were “too big to fail” and were given an endless supply of cheap credit, ordinary Americans, by the tens of millions, were allowed to fail. They lost their homes. They lost their jobs. They lost their life savings. And, they lost their hope for the future. This is not what American democracy is supposed to look like. It is time for change at the Fed – real change.
Among the GAO’s key findings is that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the GAO, the Fed actually provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.
Senator Bernie Sanders | November 7 2011
- Senator Bernie Sanders – on proposed reforms (prof77.wordpress.com)
- Letter to Editor: Bernie Sanders (eyeoncitrus.com)
- Sen. Bernie Sanders: U.S. becoming laughing stock of the world (redantliberationarmy.wordpress.com)
Senator Bernie Sanders’ Channel | November 1 2011
“Bank of America has decided to withdraw its $5 fee for debit card transactions. This didn’t happen because they are nice guys.”
- Bank of America cancels debit card fees (usatoday.com)
- Jennifer Waters’s Consumer Confidential: BofA cuts debit fee but new bank fees likely ahead (marketwatch.com)
- Bank of America (last bank standing) drops debit card fees (sfgate.com)