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Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades

October 21, 2011 Comments off

Psalm 94:20 “Can a corrupt throne— one that creates trouble by law— become Your ally?”

Countries, especially the USA, it creates laws that create trouble or problems for its subjects. They claim to be your ally and benefactor, but are in fact corrupt. Satan’s throne was corrupt from day one that he sinned. He carried over that corruption to his children of this old world, and they like him, Satan’s elite, they have an agenda to rule over all nations and to have mankind as their slave class. It has been tested by the banking system, and manipulated by the thieves of Wall Street. All are corrupt.

This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.

This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.

This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input. You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve.

What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.

This is a recipe for Armageddon. Bernanke is absolutely insane. No wonder Geithner has been hopping all over Europe begging and cajoling leaders to put together a massive bailout of troubled banks. His worst nightmare is Eurozone bank defaults leading to the collapse of the large U.S. banks who have been happily selling default insurance on European banks since the crisis began. – The European Union Times

Fed Plotting to Monitor Critics, Tailor Propaganda

October 14, 2011 Comments off

The United States government has been monitoring the internet for years. This is nothing new. Trying to decipher the mood of its masses is how it makes future preparatory decisions. When the vault at Fort Knox was inspected in the 70′s by a the U.S. Congress, what they viewed was what they believed to be gold bars. But, can you trust your eyes, or must you see what is beneath that which sparkles? The 2009 expose of the faked bars by the independent London Bullion Market Association revealed all that glitters is not always what it first appeared to be. Congress has been fooled once, but will it allow itself to be fooled again?

The collapse of the United States monetary system will cause a domino effect around the globe. The only way to rectify the world’s failing economic collapse is for an international currency to be put into place and under the scrutiny of an independent reserve that monitors all holdings. 

The Federal Reserve is seeking contractors to build a tool that will monitor and analyze blogs, news reports, and social-media chatter about the central bank and its policies, with a goal of being able to use “public relations” strategies to counter the growing barrage of negative publicity. But critics quickly added to the institution’s troubled image as the news spread by lambasting the half-baked scheme as “Orwellian” spying and “intimidation.”

The Fed’s “Request for Proposal” explains that the institution needs a platform to “monitor billions of conversations” and “identify and reach out to key bloggers and influencers.” Information collected will be used to measure the effectiveness of the central bank’s “public relations” and “communication strategies” — known in laymen’s terms as propaganda operations.

“There is need for the Communications Group to be timely and proactively aware of the reactions and opinions expressed by the general public as it relates to the Federal Reserve and its actions on a variety of subjects,” the document states. News outlets, Facebook, Twitter, forums, blogs, YouTube, and other social media platforms will all be targeted.

“A system like this is not cheap,” noted The Economic Collapse Blog, which called the Fed’s plan a “very creepy” part of a disturbing trend. “What the ‘authorities’ want is for us to shut up, sit in our homes and act as if nothing wrong is happening. Meanwhile, they seem determined to watch us more closely than ever.”

The system being sought, which the Fed calls a “Sentiment Analysis And Social Media Monitoring Solution,” should be able to gauge the sentiment and tone expressed by the public. And it must be able to gather information from different countries and regions in multiple languages.

“The solution must provide real-time monitoring of relevant conversations,” the Fed demanded, saying it should also be able to offer summaries or overviews of public sentiment on a variety of topics. An “alerting mechanism” that automatically sends out notifications based on a “predefined trigger” must be incorporated in the system, too.

Other demands listed by the central bank include the ability to track the reach and spread of its propaganda, “handle crisis situations,” and identify emerging trends in Fed-related discussions online. The desired system would also be able to differentiate between “influencers versus followers,” and gauge the true impact of specific anti-Fed criticism beyond simply comparing online traffic data generated by a particular source.

The financial analysis site ZeroHedge, apparently the first media outlet to uncover and expose the scheme, fiercely ridiculed the central bank and its tactics. But it also noted that “the Fed has just entered the counterespionage era and will be monitoring everything written about it anywhere in the world.”

The central bank, however, is not alone. Numerous critics of the plan have compared it to President Obama’s recently unveiled “Attack Watch,” a service for Americans to report negative statements about the administration or its policies. The citizen-snitching operation, as it has been dubbed, also prompted ridicule — but grave concern as well.

And as The New American reported in March, the U.S. military was exposed earlier this year seeking a tool that would allow a single government agent to operate multiple fake social-media characters simultaneously. The objective, similar to the Fed’s desired “solution,” is to monitor critics and influence public opinion through propaganda.

Analysts said authorities’ growing interest in tracking and manipulating public sentiment expressed online is a sign that the alternative media is becoming increasingly powerful as the “mainstream media” continues to implode. Others said the efforts also appear to be desperate intimidation tactics aimed at quieting the growing wave of public outrage aimed at the Fed, the undeclared wars, and the Obama administration.

Fury over the privately owned central banking system and its policies — multi-trillion-dollar secret bailouts, mass manipulation of markets, wild money printing, resisting a government audit, and more — has been steadily rising for years. Official documents released in 2009 revealed that even the U.S. military was concerned about the growing “End the Fed” movement. – The New American

Lackluster economy could lead to next gold rush

October 12, 2011 Comments off

The European Union will be the first to reorganize the currency into an international medium, and then other countries will follow. The United States will have no choice, because sooner or later, the people of the USA are going to march on Fort Knox demanding an accounting of its contents. And Seraiah and Michael have both been inside the vault, and there is no gold belonging to the United States. What little is inside, it is being held in trust. With nothing backing the currency, and the USA setting its value by supply and demand, the dollar is really valueless.

If the Fed decides to try and fake the gold bars, and there is a metal similar to the weight of gold, simply drilling a few bars will tell the story.

Is gold the answer?

With the nation smothered in debt, crippled by unemployment and financed by dollar bills backed by nothing more than the faith of the public, some conservatives are calling for a return to the gold standard.

At The Heritage Foundation’s Conference on a Stable Dollar last week, former Bush economic adviser and Federal Reserve Governor Larry Lindsey said the weight of history leaned toward gold.

The country moved to a fiat currency during the Civil War and then restored the gold standard years later, he noted, pointing out that this kind of back-and-forth is natural.

“I’m sure we’ll do it again,” Lindsey said. “Probably in the next 10 years.”

His reason for the reversal is both disturbing and unsurprising.

American families took on too much debt during the housing bubble. The government responded to the ensuing meltdown by leveraging up its own balance sheet by trillions of dollars. And the strain of navigating through the debt is more than the Fed’s Open Market Committee, which controls the money supply, can endure.

While Lindsey believes the Fed has done an admirable job, he doubts the 19-member committee can resolve the competing pressures better than a dollar pegged to gold.

“None of these guys are gods,” he said. “Nineteen men trying to adjudicate these demands will disappoint society.”

President Richard M. Nixon officially ended the gold standard more than 30 years ago. While the precious metal can foster a stable currency, it can also have downsides. A reliance on gold limits how much money could be flushed into the economy during a downturn, one of the key strategies for combating a recession.

Reintroducing the gold standard, though, has yet to catch fire with most Republican presidential candidates.

Most of them have called for the resignation of Federal Reserve Chairman Ben Bernanke, but only the former CEO of Godfather’s Pizza, Herman Cain, has endorsed the gold standard, according to the American Principles Project.

Still, Americans are increasingly enthralled by gold’s luster, even if some presidential candidates are not.

An August survey by Gallup Poll found that 34 percent of those questioned considered gold to be the best long-term investment, beating out real estate, stocks, conventional savings accounts and bonds.

It’s not that big a surprise, given that the precious metal has increased in recent years to more than $1,600 an ounce on Comex.

Gallup suggested two explanations for gold’s popularity: Either it’s caught in an investment bubble, or it reflects a “growing lack of confidence in the U.S. economy.”

Longtime gold standard advocate Lewis Lehrman said the current crisis could change the opinion of political leaders.

“Everything,” he said, “depends on the extent of the disintegration and the desperation of American voters.” – Politico.com

Crash and Burn: Dow slides -677 points in two days of trading

September 23, 2011 Comments off

The Dow has fallen -677 points in two days. With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasuries. Stocks came off their worst levels, but still finished sharply lower Thursday in heavy-volume trading as a gloomy outlook from the Federal Reserve in addition to ongoing economic jitters fueled concerns of a recession. Adding to concerns of another global recession, China’s manufacturing sector contracted for a third straight month in September. The world’s second-largest economy is especially vulnerable to fading demand from the U.S. and Europe, its biggest export markets.  In addition, business activity in France and Germany grew at its weakest pace in more than two years in September and new orders fell for a third month, underscoring a loss of momentum in Europe’s largest economies. –CNBC

The Garden of Eden. It represented something good that was to be expanded into a worldwide thriving community of people . Likewise, Satan’s aspiration to be like our Mother Yahweh encompassed Satan’s try at duplication the Sacred Garden in the form of the United States. It represented what he believed would turn out good for the entire world if overtaken by it in an expansive effort.

Satan’s desire for liberty and free will is what he envisioned for his own children. After many failures throughout mankind’s history, Satan inspired the United States and broke it away from the royalty of a nation (England) that was ruled with more stringent rules. This reflected his own break from the Royal Kingdom of Yahweh. Yet, Satan believes in Liberty and Justice for all, and inspired the words “In God We Trust” The god he was speaking of was not Yahweh, but himself, because he is the god of this system of things in this age he inspired by his fall from Yahweh’s Crown of Authority. Now Satan knows he stands to lose his prized child and the WAY of life he envisioned for this old world. Like the Garden of Eden that was lost in ancient times, Yahweh will not let Satan’s vision to make the world like the USA become a reality. Satan passed his power to his child so that they would be the strongest super power on earth and unbeatable. But Yahweh is slowly stripping his child of its wealth and its resources. Like the ancient Garden of Eden beneath the Atlantic ocean, the USA will itself sink – not into water, but into oblivion.

Do you want the USA to survive? If you do, you stand with Satan and his angels and converts that are fighting to keep it in existence. Will it become a hollow shell of what it once was, or will it regain its posture? Yahweh has declared that it will fall to its knees. Satan has countered that it will be at a cost to Yahweh that She has never conceived if his child should fall.

Federal Reserve Lowers Economic Outlook for Rest of Year

June 22, 2011 Comments off

The Federal Reserve acknowledged Wednesday that the economy is growing more slowly than it expected. But it said it will complete its $600 billion Treasury bond buying program by June 30 as planned and announced no further efforts to boost the economy.

Ending a two-day meeting, the Fed repeated a pledge to keep interest rates at record lows near zero for “an extended period,” a promise it’s made for more than two years.

Fed officials said in a statement that they think the main causes of the economy’s slowdown, such as high gas prices and supply disruptions from Japan’s disasters, are temporary. Once those problems subside, Fed officials said the economy should rebound.

Still, the statement stood in contrast to the Fed’s more upbeat view when officials last met eight weeks ago. At that time, the central banksaid the job market was gradually improving.

The new statement acknowledged the slowdown that’s occurred over the past two months. The economy added just 54,000 jobs in May, far fewer than in the previous two months. Consumer spending has weakened, too.

The Fed said it would keep its holdings of Treasury bonds at current levels. That policy is intended to keep consumer and business loan rates at low levels to stimulate spending.

Though the central bank noted that inflation has risen, it expects those pressures to be temporary as well.

The Fed announcement had little effect on the stock and bond markets. The Dow Jones industrial average was down slightly before and after the Fed issued its statement at mid-day.

Psalm 48:6 “Trembling seized them there, agony like that of a woman in labor,”

The residents of the United States are presently feeling the labor pains, and “labor” is mirrored in the loss of jobs that is causing the domino effect as the U.S. economy continues its collapse into the pit of despair.

Isaiah 13:8 “They will be horrified; pain and agony will seize [them]; they will be in anguish like a woman in labor. They will look at each other, their faces flushed with fear.”

You Call This An Economic Recovery?

March 6, 2011 Comments off

When Barack Obama, the Federal Reserve and the mainstream media tell us that we are in the middle of an economic recovery, is that supposed to be some kind of sick joke?  According to newly released numbers, over 44 million Americans are now on food stamps.  That is a new all-time record and that number is 13.1% higher than it was just one year ago.  So how many Americans have to go on food stamps before we can all finally agree that the U.S. economy is dying?  50 million?  60 million?  All of us?  The food stamp program is the modern equivalent of the old bread lines.  More than one out of every seven Americans now depends on the federal government for food.  Oh, but haven’t you heard?  The economy is showing dramatic improvement.  Corporate profits are up.  The stock market is soaring.  Happy days are here again.

It just seems inconceivable that anyone can claim that the economy is improving when the number of Americans on food stamps continues to set a brand new record every single month.  But the food stamp program is not the only indicator that the economy is still having massive problems.  The following are 10 more reasons why the U.S. economy is simply not getting any better….

#1 Some recent statistics actually indicate that the number of unemployed Americans is still going up.  According to Gallup, unemployment in the United States rose to 10.3% at the end of February.  That is the highest number Gallup has reported since early last year.

#2 The housing industry is still a complete and total disaster.  In fact, new home sales in the U.S. in January were 11.2% lower than they were in December.  Not only that, the number of new home sales in January was 18.6% lower than the number of new home sales in January 2010.  That is not a sign of improvement.

#3 There wouldn’t even be much of a housing industry at all at this point if it was not for the U.S. government.  Right now the U.S. government is either writing or guaranteeing well over 90 percent of all mortgages in the United States.  So what would the housing market look like in 2011 if the government was not in the picture?

#4 In 2010, more than a million U.S. families lost their homes to foreclosure for the first time ever, and that number is expected to go even higher in 2011.

#5 Due to rampant economic decay and record numbers of foreclosures there are areas in most of our major cities that now look like “war zones”.  For example, the Huffington Post is reporting that there are now approximately 15,000 vacant buildings in the city of Chicago and there are approximately 60,000 vacant houses and apartments in the city of Las Vegas.

#6 According to the Oil Price Information Service, U.S. drivers spent an average of $347 on gasoline during the month of February, which was 30 percent more than a year earlier.  This represented 8.5% of median monthly income.  So what is going to happen when gas prices go even higher?  Sadly, the average price of gasoline in the U.S. has risen another 4 cents since yesterday and it is likely to go much higher from here.

#7 The U.S. trade deficit continues to grow.  The trade deficit was about 33 percent larger in 2010 than it was in 2009, and the 2011 trade deficit is expected to be even bigger.

#8 The CredAbility Consumer Distress Index, which measures the average financial condition of U.S. households, declined in every single quarter in 2010.

#9 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

#10 The U.S. national debt is growing faster than ever.  The Obama administration is projecting that the federal budget deficit for this fiscal year will be a new all-time record 1.65 trillion dollars.  It is hard to even imagine how much money that is.  If you went out today and started spending one dollar every single second, it would take you over 31,000 years to spend one trillion dollars.  Long ago the U.S. government should have been getting these deficits under control, but instead they are just getting even larger.

Source

Is this what you want? The world you want to live in? Satan wants his empire to flourish and be like Yahweh’s spirit realm and the rest of creation in the expanse, but the way he leads, and the factions within his family, it cannot be achieved. He cannot offer you enough food to eat, or cures for diseases, harmony or happiness.

MARCH FOR CHRIST – or accept Satan’s empire that is headed for certain defeat. Take the USA to task over the REAL cover up. You know the TRUTH. STAND UP for Yahweh and Christ, and you will be under Christ’s leadership after this war ceases.

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