Are you a Con Man, or one of the conned?

By: Thaddeus S. Kaczor, Jr.


In an article in TIME MAGAZINE, Massimo Calabresi puts forth the proposition that the Federal Reserve 'Saved The World Economy' by bailing out all it's member banks and their affiliates by creating tens of Trillions of dollars, then paying themselves off with it!  Maybe the Fed 'Saved the World' for the Uber-Large International Banking Cartel and those FInancial services companies well-connected to it, , but in doing so it has nearly destroyed the American economy. While you sit in your ivory tower,  Mr. Calabresi, those of us in 'Flyover Land' have had to deal with our savings' and investments' value being wiped out, our home values being decimated, and we are just now beginning to deal with the incipient runaway inflation. No, not the phony 'government statistical' inflation, the REAL WORLD inflation of energy, food, health care and housing that the government 'conveniently' omits from it's fantasyland figures. Likewise, the REAL WORLD unemployment rate remains at over 20%- not the relatively rosy 9% or so that the government concocts by only counting those on the dole, and not those who no longer qualify, or are what is so Orwellian-ly termed 'under-employed'. 

There has been no 'recovery' since 2007- despite the flat-noted trumpeting of such an occurrence being regularly broadcast every quarter since the downturn began. We've been 'right around the corner' so many times that the entire block has been worn smooth, and now most pundits and economists are reduced to running in circles of logic around it when explaining away what is obvious to everybody else. TIME, like the rest of the captured corporate media, is reduced to the role of a cheerleader in a prison camp. Nobody believes what they are pushing, but everybody is either too afraid to speak out, or else stifled from stating what is clearly obvious to everyone: America is Broke; the International Banksters and their revolving-door allies the Government Bureaucrats are looting the economy; and no one in the Media. government or industry (is there a difference anymore?) is willing to level with the American people.

Articles like this one are being taken in three ways by the American Public: They are swallowed whole by the sheeple who are trained to believe whatever anyone 'in authority' tells them; They are believed on faith by those who have been bathed in ignorance for many years by the education system and the government schools; or else they are derided as outrageously bombastic propaganda by those who have enough critical thinking skills to figure out a con job when they see it.

The only question is, Mr. Calabresi: Are you one of the con men, or one of the conned?

Obama and the Fat Cat Banksters

What is becoming more and more apparent with each passing day is the extent to which President Obama and his paymasters in the International Bankster and Industrialist community are deliberately dismantling the American system, including downsizing the Engine of Prosperity, the Middle Class. Their dream is an Orwellian system like China's, where government determines the corporate winners and losers, dissidents are silenced, and the growing middle class yearning for more freedom are bought off by material goods, and incarcerated in prisons or mental hospitals when they refuse the payoff.

His allies in this crusade to 'transform America' include those in the pliant and sycophantic Progressive press, who trumpet Obama's every minor success, ignore his every misstep, and whose fawning creation of a 'cult of personality' would be the envy of Woodrow Wilson's Creel and Bernays, Jozef Goebbels and Vyacheslav Molotov. But by far, Obama's greatest allies are those 'fat cat' international Banksters and industrialists that he rails against publicly.. While he hypocritically decries their actions in public speeches to 'the great unwashed', in private he aggressively promotes legislation and extra-constitutional regulations and Executive Orders that promote the internationalist agenda better than they could do themselves! One only needs to look within his own Administration to see this in action. GE head Jeffrey Immelt is Obama's chief economic advisor, and heads the President's Economic Recovery Advisory board. Not coincidentally, Immelt's GE has received numerous Government contracts in such wide-ranging fields as Defense, Power generation, and transportation. Topping the list are the multi-billion-dollar 'Smart Grid' power project, with which the government can monitor (and REGULATE!) everyone's power usage, and the big enchilada- the potentially Trillion-Dollar program to implement the information systems for the health-care bureaucracy. Worth mentioning as well is the fact that BP has been Obama's top political campaign contributor not only as President, but all the way back to his Senatorial campaigns. No one on any side of the issue can deny that during the BP Gulf oil spill, the Obama Administration let BP take the lead in both cleaning up the spill and managing the flow of information about it. The administration even let BP totally disregard the EPA's restrictions on using the highly toxic COREXIT to 'disperse' the oil. Corexit not only allowed most of the oil to settle on the bottom of the Gulf, where it remains- just out of sight of the public- but it also is an endocrine disruptor, which inhibits production of critical brain enzymes and hormones.

Speaking of oil, it is curious that while the official administration line is to 'wean America off of foreign oil', the administration pushed for U.S. Government funding of a $2 Billion dollar loan to the Brazillian Oil Company PETROBRAS for exploration and implementation of offshore oil drilling. The most outrageous part of this story is the fact that days before the deal was announced, international Socialist Billionaire and heavy Obama/DNC/Progressive/Far-Left media puppetmaster George Soros invested heavily in Petrobras stock! Just in time to reap the fat profits that his comrade Barack had enabled.

Topping the list, however, has to be the appointment of William Daley, the Midwest chairman of J.P. Morgan Chase to replace Rahm Emmanuel as White House Chief of Staff. In addition to receiving billions in bailout funding at J.P. Morgan Chase, as well as benefitting from the Banking Laws that allow firms such as JP Morgan Chase to operate as (and take over) bank and bank holding companies, Daley was also instrumental in crafting the Controversial North American Free Trade Agreement (NAFTA). Many respected economists and businessmen, as well as millions of unemployed Americans, credit NAFTA with accelerating the wholesale dismantling of the Industrial Manufacturing base in America, as well as opening up the U.S. Economy to unfair and predatory foreign business and investment. While resigning from the boards of directors of both Boeing Co. and Abbott Laboratories (one of the largest aerospace companies, and one of the largest multinational pharmaceutical conglomerates), White House lawyers also are reviewing whether Daley will have to recuse himself from some White House discussions- to avoid potential conflicts stemming from his work as vice chairman of JPMorgan and his memberships on the boards of Abbot Laboratories and Boeing Co. Daley also divested about $6.3 million in JP Morgan stock, but SEC Filings indicate the the net effect of the transaction was to actually INCREASE his holdings by 61,264 shares to a total of 175,678, with a current market value of $7.66 million. That's reassuring. No conflict of interest there!

With so many internationalist Bankster and Industrialist fingers in the Obama Administration pie, it is difficult to near impossible to make any distinctions between the Obama and Bush Administrations- despite all the class-warfare and anti-business rhetoric coming out of the White House, the DNC and their many surrogates. WHat is clear, however, is the overwhelming influence and control the International Banksters and Industrialists hold over the American Government, it's elected officials and non-elected bureaucrats. In order to root out the corruption in American Government at it's source, what is needed is to sever the ties between the international financial community and Washington D.C.. Until that is even attempted (let alone achieved), any efforts to effect REAL change and reform in our government will be futile efforts that serve only as window dressing to cover up the rot that lies at the core of American Politics.

Thaddeus S. Kaczor, Jr.

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QE2: A Monetary Boat Ride to Economic Disaster

"Those who cannot learn from history are doomed to repeat it." - George Santayana

Never have those words been more relevant than today, in regards to the current 'Quantitative Easing 2' massive debt monetization by the U.S. Treasury and the Federal Reserve Bank. Not coincidentally, after the biggest American wave election since the 1930's, a small article on the 'QE2' was buried in the depths of most newspapers (including this one). Given it's portent for changing (and ultimately destroying) the American way of life as we know it, it is no wonder that those who wish to foist this reckless and historically discredited monetary scheme upon an unsuspecting public chose this furtive means to unveil it in relative obscurity.

Now, most articles in the media discussing economics tend to be put in terms too technical and (unnecessarily) complex for the average reader (sometimes even for the writer!), and seem designed to put the reader into a glassy-eyed intellectual catatonic state. But in reality, the Economics practiced by the Federal Reserve Bank and the U.S. Treasury are neither complicated nor boring. In fact, they are incredibly simple to understand, and seriously provocative in a way that endangers both the U.S. Economy and every American's personal economic situation.

On June 3rd, 2009 Federal Reserve Chairman Ben Bernanke promised in
sworn testimony before the U.S. Congress that the Federal Reserve would NOT monetize the debt of the U.S. Government. Debt monetization is the process of a country financing it's deficit spending by issuing, and then purchasing it's own debt. History is replete with examples of this taking place, and none have ended well. Look to modern day Zimbabwe, where this practice has led to a currency devaluation of 98.0% PER DAY. A Harare restaurant will require you to pay in advance, since your meal will rise in price by at least 4% in the time it takes you to eat it. There are the infamous pictures from 1930's Germany, where shoppers used wheelbarrows of Deutschemarks for grocery purchases, as the Weimar Republic currency lost it's value at a yearly rate of 29,500%. From Hungary, Greece and China in the 1940's, to Yugoslavia in the mid-1990's, all of this rampant inflation and devaluation of the currency followed a Central Bank's desperate move to Monetize it's debt. Despite Chairman Bernanke's sworn testimony to the contrary, the U.S. Treasury is today embarked on a foolish and massive Monetization of U.S. Debt on a scale unprecedented in World history.

In more down-to-Earth terms, by issuing, and then re-purchasing (through the Fed) over $600 Billion in Treasury notes this week, the U.S. Treasury INSTANTLY devalues the U.S. Dollar by at least 20%. What costs a dollar today will cost at least $1.20 very soon, and the Fed and Treasury say they plan to issue at least $75 Billion PER MONTH for the foreseeable future! Where is this 'Fiat' or 'money created out of thin air' going to? Directly into the coffers of banks that are members of or participants in the Federal Reserve system. They in turn- rather than lending or investing them in job-producing sectors of the economy- are instead lending the money to other elite Financial Institutions who are then buying up massive amounts of their own stock (at bargain-basement prices); the stock of other companies (or whole companies!); and are following what the Chinese, Indians and other countries and large multinational companies are doing- taking their dollars and dollar-denominated instruments and buying massive amounts of commodities, such as petroleum, foodstuffs, precious metals, and other solid-value investments such as real estate and mines.

What this means for the average person- not just in the US, but around the World- is higher prices for EVERYTHING; food, fuel, utilities, finished goods and on and on. Who among us has not remarked that prices for food, fuel, utilities and health care have been steadily climbing for years now. Of course, if you believe the Government statistics, inflation has been from just 1 to 3% over the last several years. However, changes in methods of calculation and products and services that go into the Consumer Price Index over the last 30 years have distorted what the true inflation rate is. Calculated using the 1980 CPI methods, inflation has been clipping along at about a 10% annual rate for several years now. Just ask any Social Security recipient on a fixed income whether they have seen no inflation over the past two years, as the Government Bureaucrats and Private Central Bankers claim. This foolish 'QE2' debt monetization by the Treasury and Fed (on top of the massive amounts already 'created') will make any recent inflation seem minor- whether you use the 'cooked' inflation figures issued by the government, or the real-world hardships from actual inflation visibly inflicted on all Americans.

Founding Father Thomas Jefferson once warned his and future generations that “A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army...We must not let our rulers load us with perpetual debt." Jefferson felt as many Americans did that a Central or National Bank would concentrate too much economic power and control in the hands of too few, and saw it as an engine for speculation, financial manipulation, and corruption (financial 'bubble' anyone?). The history of Central Banks in America is replete with corruption, manipulation and speculation, and since it's secretive origins in 1913, the Federal Reserve has not deviated from this destructive path.

The 'Boom-and-Bust' economic cycles and speculative bubbles the Fed
creates and manipulates (such as the S & L crisis, the high-tech bubble, the Mortgage crisis, ad nauseum) merely serve to enrich the international financial banking elite and their corporate and political allies, at the expense of the average American. It is long past time to end this unconstitutional and destructive monopolization of the U.S. Economy by ending the Federal Reserve System once and for all. With a return to a sound and stable historically-proven monetary system- Americans will once again be confident and prosperous, knowing that their country's reins of government financial power are once again Constitutionally controlled by the American people, and NOT a secretive cabal of PRIVATE banksters, bureaucrats and special interests.


From: Thaddeus S. Kaczor, Jr.