“After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed’s multitrillion-dollar bailout of Wall Street and corporate America,” he said. “Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations.” Sen Bernard Sander, Vt

At home, from March 2008 to May 2009, the Fed extended a cumulative total of nearly $9 trillion in short-term loans to 18 financial institutions under a credit program.

EDITOR’S NOTE:   In a diving economy driven by foreclosures, falling house prices, small businesses and banks going into receivership, falling median wages, and plummeting consumer consumption, the Federal Reserve opened its vaults to the top 5% of the nation’s banks and businesses, whether they needed the money or not. Documents finally released by the Federal Reserve show clearly why the FED didn’t want to release the information. All the help that could’ve gone to the sectors of the economy that needed it went to Wall Street banks and big businesses that didn’t need it or didn’t deserve it.

We were told that the actions of the Federal Reserve were designed to save the financial system and prevent economic collapse. We were told that the trillions of dollars that went to the top would trickle down to the rest of the economy. The banks that were saved would lend money and stimulate economic growth. Instead, the money was used as a business opportunity for banks and businesses to borrow funds from the Federal Reserve at absurdly low rates and simply reap the benefits as they invested the money in higher yielding accounts.

It might be true that the actions of the Federal Reserve and the Department of the Treasury did something to soften the landing caused by the epic fraud perpetrated on Wall Street using derivatives to create the appearance of the securitization of credit instruments. In the end, the benefits went where they usually do and the burden and end up where it usually does––on taxpayers, consumers small businesses and small banks. In the process the Federal Reserve diluted our currency to the point where serious consideration is underway in the offices of central bankers around the world to replace the United States dollar with another currency as the reserve currency of the world. Having done nothing to break up the bank oligopoly and nothing to shore up the foundation of our nation’s economy, the Federal Reserve and the Department of the Treasury have put us in the position of having US debt downgraded in the ratings.

Officials can argue that they did not know about the potential problem of validity of the loans and mortgages that served as the basis for the apparent issuance of what turned out to be bogus instruments to professional investors who were duped by false appraisals and ratings. This argument rings hollow. These same officials were in a unique position to quickly audit and examine the so-called assets long before arguments were made in court and judges found the defects. But perhaps even more importantly these officials cannot claim ignorance at this time, and yet they continue to support policies that undermine our economy and bring us closer to the economic disaster that we were told was being prevented.

What the government does about its past mistakes is not nearly as important as changing the trajectory of its policies so that the interests of the nation take precedence over the interests of special insiders. The Federal Reserve, the Department of the Treasury, and the Obama administration are in a unique position right now to change the entire context of foreclosure, housing, employment and the economic recovery. They already know that they have asked servicers to modify mortgages when the servicers lack the incentive, power, authorization and knowledge to do so. They already know about the fatal defects in the original mortgages and all the so-called transfers that followed. And they already know as they have always known that housing leads the economy. The answers are not nearly as complex as they would have us believe. They just won’t do it.


Fed Documents Breadth of Emergency Measures


WASHINGTON — As financial markets shuddered and then nearly imploded in 2008, the Federal Reserve opened its vault to the world on a scope much wider and deeper than previously disclosed.

Citigroup, struggling to stay afloat, sought help from the Fed at least 174 times during one remarkable 13-month period. Barclays, the British bank, at one point owed nearly $48 billion to the Fed. Even better-off banks like Goldman Sachs took advantage of Fed loans offered at rock-bottom rates.

The Fed’s efforts to stave off a financial crisis reached far beyond Wall Street, touching manufacturers like General Electric, the Detroit automakers and Harley-Davidson, central banks from Britain to Japan and insurers and pension funds in Sweden and South Korea.

Under orders from Congress, the Fed on Wednesday released details of more than 21,000 transactions under the array of emergency lending programs and other arrangements it conjured up in response to the crisis.

The disclosures, which the Fed had resisted, offer the most detailed portrait of a panicky period in which the Fed lent money to banks, brokers, businesses and investors to keep the financial system functioning.

The documents show that some of the biggest names in American business were either coming to the Fed in need of a bailout, or trying to make money at a time when the Fed was trying to entice investors back into the markets. Among the latter were prominent investors and entrepreneurs like John A. Paulson and Michael S. Dell, and the pension funds of the Philadelphia Teamsters and Omaha’s teachers, who were betting they could profit if the rescue worked.

At its peak at the end of 2008, the Fed had about $1.5 trillion in outstanding credit on its books. The central bank, in essence, pumped liquidity, the lifeblood of credit markets, into the circulatory system of an economy that was experiencing a potentially fatal heart attack.

“I think our actions prevented an even more disastrous outcome,” said Donald L. Kohn, who was the Fed’s vice chairman during the crisis. Without the Fed’s help, he said, “liquidity would have dried up even more than it did, asset prices would have fallen even more than they did, and economic activity and employment would have fallen further and faster then they did.”

But Senator Bernard Sanders, independent of Vermont, who wrote a provision in the law requiring the disclosures by Dec. 1, reached a different conclusion.

“After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed’s multitrillion-dollar bailout of Wall Street and corporate America,” he said. “Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations.”

Mr. Sanders said the Fed should have forced banks to restrict executive pay and reduce the financial burdens on mortgage borrowers as a condition of its aid.

The Fed, already reeling from attacks from both the right and the left over its latest effort to spur the economy, a plan to buy $600 billion in Treasury securities, braced itself for another moment in the spotlight.

In a statement accompanying the disclosure, the Fed said it had fully protected taxpayers. “The Federal Reserve followed sound risk-management practices in administering all of these programs, incurred no credit losses on programs that have been wound down, and expects to incur no credit losses on the few remaining programs,” it said.

The 21,000 transactions span the period from December 2007 to last July.

Even as investors began poring over the disclosures, details emerged from the trove of new data.

From December 2007 to October 2008, the Fed opened swap lines with foreign central banks, allowing them to temporarily trade their currencies for dollars to relieve pressures in their financial markets.

The European Central Bank drew the most heavily on these currency arrangements, the records show, but nine other central banks also made use of them: Australia, Denmark, England, Japan, Mexico, Norway, South Korea, Sweden and Switzerland.

At home, from March 2008 to May 2009, the Fed extended a cumulative total of nearly $9 trillion in short-term loans to 18 financial institutions under a credit program.

Previously, the Fed had only revealed that four financial firms had tapped the special lending program, and did not reveal their identities or the loan amounts.

The data appeared to confirm that Citigroup, Merrill Lynch and Morgan Stanley were under severe strain after the collapse of Lehman Brothers in September 2008. All three tapped the program on more than 100 occasions.

The American subsidiaries of several foreign banks also benefited substantially from the program. Those institutions included UBS of Switzerland; Mizuho Securities of Japan; and BNP Paribas of France. The impaired credit markets quickly stretched well beyond Wall Street, engulfing money-market mutual funds and commercial paper — short-term borrowings that companies rely on for day-to-day operations like meeting payroll and paying vendors.

In short order, the Fed set up programs to prop up both markets and get credit flowing again. The new data shows that some of the biggest names in the mutual fund industry sold assets to Fed-financed buyers during the credit crisis, including funds sponsored by Fidelity, BlackRock, Merrill, T. Rowe Price and Oppenheimer.

In the first week of the Commercial Paper Funding Facility, the Fed bought more than $225 billion in debt. Companies ranging from Ohio’s Fifth Third Bank to the best-known bank franchises of Europe and Asia, like Royal Bank of Scotland and Sumitomo, were the primary occupants of the new lifeboat, along with the finance arms of the nation’s hard-pressed automakers.

But joining them were issuers of commercial paper with ties to Caterpillar, McDonald’s and Verizon.

The data also show that the commercial paper market was impaired well into the latter half of 2009.

Another Fed program, the Term Asset-Backed Securities Loan Facility, brought the Fed into the unprecedented position of supporting small business, auto, student, and credit card loans. Plentiful helpings of low-cost debt encouraged institutions to ramp up lending and lured back private investors.

Among prominent investors in that program were the businessmen H. Wayne Huizenga and Julian Robertson; Kendrick R. Wilson III, a former Goldman executive who had been a top aide to Henry M. Paulson Jr., the Treasury secretary during the crisis; and Christy K. Mack, the wife of John J. Mack, the former chief executive of Morgan Stanley.

Other surprises emerged from the data. Both the American International Group, the insurer bailed out by the government, and Lehman owned big stakes in funds that bought TALF securities. So did Jonathan S. Sobel, who ran the mortgage department at Goldman Sachs.

Big institutional investors, like Pimco, T. Rowe Price and BlackRock, borrowed from the TALF program. So did the California Public Employees Retirement System, the nation’s largest public pension fund, and several insurers and university endowments.

Sewell Chan reported from Washington, and Jo Craven McGinty from New York. Reporting was contributed by Eric Dash, Diana B. Henriques, Griff Palmer, Ben Protess and Tom Torok in New York.

19 Responses

  1. Check this out people:

    The Fed’s first address was 120 Broadway. Lets see what else was going on at 120 Broadway…

    This is a lengthy read, but truly is an eye opener… enjoy…

    It’s All in the Family
    By G. Richard Arnold
    The Bush family’s “criminal connections” to the Financial Fraternity that paid for the creation of Communism, the United Nations and Nazism are explored in this G. Richard Arnold article. It starts with a sharp critique of Marine Captain Daniel Sullivan’s “pink propaganda piece” which appeared in Proceedings, the journal of the U.S. Naval Institute. Marine Captain Daniel Sullivan exalts Council on Foreign Relation’s “traitor” George F. Kennan to “American hero” status in his U.S. Navy propaganda article which appeared last Fall.. A true history of this vicious villain would show that George F. Kennan should have been tried and convicted of “high treason.”

    Captain Daniel S. Sullivan insults the readers of Proceedings and praises George F. Kennan’s antics and double talk that Sullivan calls “strategy”. Sullivan claims …”the success of this (pro Communist) strategy now is unquestioned.”
    THE HELL IT IS!! The paralysis and neutralization of our Armed Forces “was sold” by Kennan and his “conspirators” as “containment” and “co-existence.”
    The Captain has it upside down and backassward. The whole of Kennan’s life should be questioned! Kennan should have been put on trial for “high treason” for his participation in brutal Communism’s “success” during most of the last century. George Kennan was relentless in his protection, “aid, comfort and support” of those criminals who created and feed the Communist Killing Machine.
    Kennan, like Henry Kissinger have continually propagandized for “containment” and “co-existence” with the killers in the Kremlin. He has pleaded not to offend the Soviets, and to support Yugoslavia Communist Tito, he testified before the United States Senate to “back off” the Soviet Cong etc. etc. Kennan opposed “Victory” both in Korea and Viet Nam and served the Wall Street Hitlers who wanted to disarm America. .
    Comrade Kennan supported the Fulbright Memorandum to “muzzle the Military.” The U.S. military was not allowed to describe Communism as “treacherous” or “vicious” or warn of the menace of “Soviet infiltration.” He warned them to never speak of “victory.”
    Kennan (CFR) and his brethren were constantly afraid that Americans might discover that Communism is a creation of the Faustian Financial Fraternities like the Skull & Bones and their Commu-Fascist friends. “Communism” is their “Rosemary’s baby”. The Communists have remained on Western life supports since the beginning of the last Century. It is in fact … a killing machine used by the Illuminati elite to advance World Government through the United Nations.
    Not all the readers of Proceedings are stupid. Some have real life experiences and know exactly why this criticism rings true.
    The purpose in the creation of Communism was to establish a world government on the ashes of American sovereignty. Their master plan was:
    One: to propagandize, force and cull people under its control into accepting the idea of world government; Two: to destroy Nations (nation-states) and develop regional apparatuses to replace Sovereign Nations; Three: to “frighten” … and “scare” peoples in the West into surrendering their nation’s sovereignty to the UN. (Their Manufactured Monster was Communism.) Four: to eliminate or radically reduce the influence of the middle class.
    The truth is George F. Kennan’s whole career was that of undermining America’s National Security … in favor of a New World Order run by the Council on Foreign Relations crowd and its American Illuminati cell … The Skull & Bones.

    CFR logo/ Skull & Bones (Brotherhood of Death emblem)
    George Kennan wrote the “authorized biography” of E. H. Harriman of (railroad fortune fame). E.H. Harriman became a member of Skull& Bones of which only 15 Yale Seniors are inducted per year. They lay nude in a coffin during the ceremony and are “born again” into the Brotherhood of Death. Their occult rituals include the use of human remains. Portions of their satanic rituals are identical to those described in John Robison’s book published in 1798 called Proofs of a Conspiracy. Robison was a Professor of Natural Philosophy at Edinburgh University. Abbe Barruel’s four volume study done in France in 1799 revealed like information … These books exposed the Illuminati an organization warned about by George Washington. Their goal was to overthrow of all governments and religions and to “Run the World” through their wisemen “The Illuminati Elite.”
    The destruction of Russia and the “creation” of the Communist Soviet Union was a special project of the American Illuminati. This was an important first step on their road to killing nations and paving the way for “their” New World Order.
    The co-founder of Skull & Bones … Alphonso Taft became Secretary of War, Attorney General and as the U.S. Ambassador to Russia in the mid eighteen-eighties. Russia was targeted for major brutality via a Communist Revolution.
    The headquarters for the operation to make Russia Communist … was located at 120 Broadway in downtown New York. It was the address of E.H. Harriman. Captain Sullivan’s hero, George Kennan, was the hired hack of H.E. Harriman and the Wall Street Hitlers.

    Headquarters to install Communism in Russia First American Communist
    120 Broadway, New York Tombstone of John Reed
    Paid through Whitney (Skull & Bones)
    John Reed (Executive of the Communist Third International) received money from NY Metropolitan magazine which was owned by Eugene Boissevain, a private New York banker employed by Harry Payne Whitney (Skull & Bones). The dots are there … you need only connect them to get the “Big Picture.” Reed traveled with Lincoln Steffens to Russia. Steffens wrote the forward to Trotsky’s The Bolsheviks and World Peace in 1918. Steffens wrote … “Lenin is not only the greatest revolutionary, he is the greatest liberal.” How true.
    A year later, in 1919, Steffens traveled to Soviet Union with William C. Bullitt (who became a member of the Council on Foreign Relations (CFR). Bullitt married Communist John Reed’s wife. And eventually became the American Ambassador to the Soviet Union. Connect the dots folks.
    George Kennan, the Chief Soviet apologist, represented the Council on Foreign Relations (CFR) took his tour to the Soviet Union with William Bullitt (CFR) in 1933.That when Joseph Stalin was murdering millions. Its not like they didn’t know of the carnage. The blood ran in the streets like water after a rain storm.
    Pardon some repetition but it is important … You must connect the dots to understand the diagram.
    Alphonso Taft the co-founder of the American Illuminati cell, became ambassador to Russia … their plans was to set up Russia for a fall. The Illuminati’s goal was to create the first Communist country. And they did!
    During the critical revolution in 1919 other members of the American Illuminati cell did everything they could to impose the yolk of Communism on the Russia people.
    Here is how Bush’s “Skull & Bones” aided the enemy.
    1) Amos Pinchot (Skull & Bones) a founder of the American Civil Liberties Union … and William Kent (Skull & Bones) of the U.S. Tariff Commission lobbied congressmen for favorable trade with the communist killers who were struggling to secure their power from the people.
    2) Thomas D. Thacher (Skull&Bones) law partner at 120 Broadway of Simpson, Thacher & Bartlett) wrote a memorandum that … encouraged recognition of the Reds, Thacher insisted that American military assistance be used to keep the Japanese out of Siberia, … give moral support and favorable trade for the newly entrenched Communists. … Thatcher’s reward was the induction of his son Thomas Day Thacher into the (Skull & Bones). His son worked for Secretary of War Henry L. Stimson (Skull & Bones)] Who later headed up the “postwar committee” BEFORE World War II.
    3) The chairman of the American-Russian Chamber of Commerce was Samuel R. Bertron (Skull & Bones) Samuel was also Vice President of Guaranty Trust at 140 Broadway. Samuel had gone on the Elihu Root (1917) Mission to Russia to aid the ruthless Red revolution.

    Elihu Root’s law firm included a staff of Skull& Bones operatives like Whitney, Stimson, Mc George Bundy & William Bundy pictured above
    4) Elihu Root was the personal attorney to William Collins Whitney (Skull & Bones) who was Secretary of Navy (1885-1889). …… Note [son Harry Payne Whitney (Skull & Bones) was at Guggenheim Exploration at 120 Broadway and Guaranty Trust 140 Broadway.]
    5) Harold Stanley (Skull& Bones) was vice president and president of Guaranty Trust from 1915 to 1928, Percy Rockefeller (Skull & Bones) was a director of Guaranty Trust during this same time. As was W. Averell Harriman (Skull & Bones) son of E.H. Harriman (Skull & Bones) George F. Kennan’s mentor.
    Are you starting to get the picture? Bush and these boys are from the same club – the Skull & Bones!
    6) The vice president of Guaranty Trust, Max May, became the First vice president the Communist Soviet RUSKOMBANK.
    7) The representative of the new Communist Killing Machine at the Soviet Bureau was Ludwig C.A.K. Martens who was Vice President of Weinberg & Posner Engineering 120 Broadway.
    8) The Red Cross Mission to Russia was a reconnaissance cover for the conspiracy to overthrow the Czar and his family by the American Illuminati (Skull& Bones). The “Mission” was the preparation for the murder of the Czar and his family and the tens of millions of patriotic Russians who followed them to the grave.
    9) George Kennan was well aware that “this mission” was an act of war by his fanatical friends at 120 Broadway, NY. In his book … Russia Leaves the War … Kennan quotes Cornelius Kelleher (Asst. to Wm Boyce Thompson) … “Poor Mr. Billings believed he was in charge of a scientific mission for the relief of Russia … He was reality nothing but a mask – the Red Cross complexion of the mission was nothing but a mask.” Kennan was right … the Red Cross was a con.

    2nd in command Red Cross Mission. Raymond Robins “I am the servant of William Boyce Thompson … let us assume I’m here to capture Russia for Wall street …” The Decision to Intervene: Soviet-American Relations pp190,235
    Let us repeat “I’m here to capture Russia for Wall Street” This key point is the Rosetta Stone of understanding. It is summed up as Anthony J. Hilder puts it “Communism is not the creation of the masses to overthrow the Banking establishment … It is a creation of the banking establishment to overthrow and enslave the masses. Communism is not run from Moscow, Beijing or Havana. It is run from London, New York and Washington D. C. ”
    10) The funding of the conspiracy came through the American National Headquarters of the Red Cross in Washington D.C. under Miss Mabel Boardman. Her father was the only one outside of NY to give over $10,000 to prepare for the overthrow. The NY chairman, for fund raising, H. P. Davison. was rewarded by having his son, H. P. Davison Jr. inducted into the Skull & Bones in 1920.
    11) H.P. Davison Sr. had brought Thomas Lamont into the Morgan firm. Lamont funded the American Communist Party which acted as the espionage wing of the Soviet Union. See recently published Venona papers. E. H. Harriman, Russell Sage and J.P. Morgan also heavily funded the Red Cross’s participation in the overthrow that would end in the mass murder of millions.
    12) Sometime later the U.S. Congress called Thomas Lamont’s son Corliss Lamont… “probably the most persistent propagandist for the Soviet Union to be found anywhere in the United States.” Lamont was also a director of the American Civil Liberties Union and a member of the American Association for the United Nations. The Communist goals dovetail perfectly, (as planned), with the Council on Foreign Relations goal of a World Government.
    The dream of a “New World Order” wasn’t first envisioned by Adolph Hitler, Joe Stalin or George Bush. It was first dreamt of by an elite group of “wisemen ” or Illuminati. The world Illuminati religiously worship Lucifer, “bearer of the light”. President Bush in his speech addressed to the nation talked about a “thousand points of lights” (a millennium under Lucifer) as Hitler once dreamed of a “thousand year Reich”.
    George F. Kennan … has provided cover and concealment for this “conspiracy.” Kennan lied about the use of American troops being used to keep the Japanese out of Siberia in order to protect the Communists while they were consolidating their power. Kennan did not oppose W. Averell Harriman (Skull & Bones) creation of the RUSKOBANK, nor saving Lenin’s oil production. (See Pravda September 21 1922) (Int’l Barnsdall Corp) owned by Guaranty Trust … 140 Broadway [ V.P. Eugene Stetson son Eugene W. Stetson Jr. (Skull & Bones) ] & Lee Higgison Co was owned by W. A. Harriman and Frederick Winthrop Allen both were (Skull&Bones). They established the Georgian Manganese Co.
    I have little doubt that the U.S. Marine Captain Sullivan would paint General George Marshall a hero if the opportunity presented itself. George C. Marshall deliberately sacrificed the Armed Forces at Pearl Harbor to “Kick-off the war.” (Which resulted in the murder of 50,000,000 people) This was so the Skull & Bones and friends could offer the UNITED NATIONS as “the last hope for peace” at the conclusion of the catastrophe The framework for their New World Order was set in place in 1945 with Alger Hiss as the U.N.’s first Secretary General.
    During Lend Lease W. Averell Harriman (Skull & Bones) was in charge … Harriman opened the flood gates to increase of heavy armaments and needed food to the Communist butchers. Harriman admitted that …”two thirds of all the large enterprises in the Soviet Union had been built with U.S. help or technical assistance.” U.S. State Dept File 033.1161 Communism of the 1900’s was a special project of the American Illuminati (Skull & Bones).

    Harriman (Skull & Bones) with his vassal Joseph Stalin. The Communist killers were to drive Europe into a “European Union” as the precursor to the New World Order. In 1870′ one writer aptly called the Skull & Bones ” THE BROTHERHOOD OF DEATH”. America’s Secret Establishment p23
    At the conclusion of World War II both Germany and Japanese were thoroughly defeated. But the Communists were financially and politically sustained by the Skull & Bones brotherhood. The Communists were a necessary evil to frighten Europe into accepting NATO as the first step toward their creation of the European Union and World Government. The Illuminati Skull & Bones used Kennan (CFR) … to get America’s Armed Forces to pull its punches and accept its enemies as Allies.
    Whence forth, came the pro-Soviet stratagem called “containment’ and “co-existence”. Generals like George Patton who wanted to win had to be eliminated. The Marshall Plan was to weld a deliberately broken Europe into the United States of Europe. The “Illuminati wisemen” constructed a major portion of their coming New World Order by regional agreements under the UN treaties.
    We all know the first acting head of the UN was Communist spy Alger Hiss (CFR) and Hiss hired more than forty CFR “conspirators” to complete the creation of their U.N. Charter for “global Government.” The CIA George Herbert Walker Bush (Skull & Bones) reverently refers to the Communist founder and his CFR cohorts as visionaries. It was William Bundy (CFR) (Skull& Bones) who coughed up the money for Alger Hiss’s defense. Bundy ran the CFR’s magazine Foreign Affairs and headed the Ford foundation whose purpose was to “so alter the U.S. that we would merge with the Soviet Union.”
    In line with George Kennan’s containment policy … George Kennan states according to The Biographical Dictionary of the Left … “often I have had more respect for them (the Communists) than for pillars of American society ….”

    George Kennan (left) was brought to The Institute of Advance Study in Princeton by J. Robert Oppenheimer (pictured right). His wife Kitty, brother Frank and sister-in-law were members of the Communist Party. Red Robert was giving $1,000 per month to the communist Party. KBG, member Sudoplatov boasted Oppenheimer …”rendered considerable help to our scientists by giving them the latest materials on the atom bomb …”

    Receipt for uranium sent to USSR
    George C. Marshall bragged that he single handedly disarmed 39 anti-communist divisions in China “with the stroke of a pen.” George Marshall also countermanded General MacArthur’s order to Lieutenant General Stratemeyer to destroy the six Yalu bridges the Chinese were using to cross over into Korea to massacre our soldiers in the South. . General Stratemeyer testified … “We were required to lose the war. WE WEREN’T ALLOWED TO WIN.”

    [Picture left] (George C. Marshall with Robert Lovett of the (Skull & Bones ) Lovett was a partner of Brown Bros, Harriman (Skull & Bones. Lovett’s partner, Mathew C. Brush set up three companies in the Soviet Union. [Picture right] Marshall celebrates the “Chinese Communist” victory on the mainland with the butchers of Beijing.
    There can be little question why U.S. Marine Captain Sullivan’s hero is George Kennan.
    Victory has become the forbidden word among America’s armed services. Victory is no longer acceptable by Kennan and his brethren … because United States Victory interferes with their plan for a New World Order and World Government.
    George Kennan does not believe in AMERICAN VICTORY. These “traitors” laud each other in the War Colleges. Like Al Gore’s class in journalism at Columbia … there are consequences if a student “speaks out of class.” The CFR’s Secretary of Defense under both Clinton and Bush prohibit any talk of a strong and independent United States. Almost every seminar, every speech, every maneuver, or project must be multi-national or promote internationalism. This is the legacy of … “the turncoat” George Kennan (CFR) and his Council on Foreign Relations “conspirators.”
    George F. Kennan (CFR) was Deputy for Foreign Affairs at the National War College opposing “victory over Communism.” He was in favor of “containment.” Kennan promoted the lie that Communism is “mellowing”. Kennan’s avid support for the Soviet Union was so great that he authored an article titled Sources of Soviet Conduct in Foreign Affairs magazine (the official journal of the CFR). In this Communist serving trial balloon Kennan signed the article with an X. Parts of the article were reprinted in Life magazine, which was owned by Henry Luce (Skull &Bones).
    The book Henry R. Luce (Skull & Bones) by Robert Herzstein, the author, refers to an article The World from Rome where …” Bullitt (CFR) hoped that the West would respond by establishing a European Association.” Jean Monnet, V.P. of Transamerica the holding company of Bank of America spent his life creating a United States of Europe. His “fellow traveler” between Europe and America was Harry Hopkins (Communist Agent 19). see The Venona Secrets by Romerstein & Breindel.
    Henry Luce launched Time magazine with loans from CFR agent Thomas Lamont, a major contributor to blatant Communist causes. Other money came from Harvey Firestone and E. Roland Harriman (Skull &Bones) , brother to Averell Harriman who was inducted into the Skull and Bones in 1917… the same year Prescott Sheldon Bush (Skull & Bones), George Bush’s paternal grandfather laid nude in a coffin at the Yale tome and took the “satanic oath.”
    Prescott Bush’s scorn for the military is reflected in his promotion of Julius C. Holmes (CFR). Julius (CFR) worked in tandem with Alger Hiss (CFR) in the forming of the UN in San Francisco) in 1945 … Julius bought oil tankers from the U.S. government. One was leased to the Soviet Union so they could carry petroleum from Rumania to the Chinese Communists who were killing Americans during the Korean war. The Council on Foreign Relations President Henry Wriston wanted Julius Holmes appointed Ambassador to Iran. During the Senate debate Senator Prescott Bush (CFR) (Skull& Bones) pleaded with the U.S. Senate by quoting Wriston said “Julius Holmes was the ablest man in the Foreign Service Corp of the United States. Bush thumbed his nose at those who died and were wounded. The Bush family have long thought the Armed Forces are too damned dumb to know what is going on but should be willing to die for the New World Order. Hitler’s attitude was identical.
    It stands to reason that Junior Bush would appoint another CFR clone who supports World Government to be the newest “Secretary of Defense”. Colin Powell will appease Communism at every level … every time and will always weaken our borders and undermine United States Sovereignty. You can count on it. Powell is a member of the Council on Foreign Relations.
    Senator Prescott Bush’s son George Bush (CFR) (Skull& Bones) became head of the CIA, then Ambassador to the UN, as well as our first Ambassador to Red China. On January 16th, 1991 in a televised press conference about the Gulf War … Bush said … “we have a real chance at this New World Order, an order in which a credible United Nations can use its peacekeeping role to fulfill the promise and vision of the UN’s founders.”

    Former Soviet Butcher Gorbachev and George Herbert Walker Bush (Skull& Bones)
    Both Call for a “New World Order”
    The Ford Foundation’s purpose is … “to so alter the U.S. that it would comfortably merge with the Soviet Union ” … for a New World Order (According to H. Rowen Gaither).” Disciplined Agents” moved from the “cold war” mode to the “ecology strategy for today’s power grabs.” Gorbachev is now enthroned at the San Francisco Presidio.
    George F Kennan preparing for the final rape of America now claims … “The Great Enemy is not the Soviet Union but the rapid deterioration of our planet.” Gorby now heads the International Green Cross. This “CommUNist con man” is stripping away private property faster than the destruction of private farms in the Ukraine under Stalin and Khrushchev.
    While George Kennan was State Department advisor and Ambassador to the USSR, Robert Lovett (Skull & Bones) was undersecretary of State and Secretary of Defense.
    Dan Smoot, former asst to J. Edgar Hoover was well aware of George Kennan’s acts of high treason. Smoot authored a book in 1962 titled The Invisible Government. It states that it was because of George F. Kennan’s personal persuasion that Roosevelt agreed to isolate Berlin 110 miles inside Communist East Germany. Even Arthur Krock of the New York Times on June 18, 1961 called that disastrous decision a “war-breeding monstrosity,” a “witless travesty” and “military incompetence.”
    But Captain Sullivan in the December, 2000 Proceedings writes that Kennan’s strategy should be “unquestioned”. There is no question Kennan was guilty of “High Treason” and was responsible for the massacre of tens of thousands of Americans from Europe to Korea.
    President Teddy Roosevelt called Kennan’s mentor, E. H. Harriman … an “Enemy of the Republic.”
    I call … “George F. Kennan an Enemy of the United States and free nations everywhere.”
    George Kennan was directly behind President Truman’s firing of General Douglas MacArthur. It came about because the Great General wanted to win the war in Korea. Macarthur did not want to have American’s die for communist “Containment”.
    Dean Acheson said …”the only reason I told the president to fight in Korea was to validate NATO.” The quote was taken from The Wisemen by Walter Isaacson & Evan Thomas p698.

    Left Harry Dexter White (Soviet Agent), Fred Vinson, Dean Acheson … Acheson’s daughter married William Bundy from the (Skull & Bones), Dean’s son David Acheson was inducted into (Skull & Bones). Dean …” defended Alger Hiss (CFR/NKVD) to the bitter end.”
    Dean Acheson’s son David Campion Acheson was inducted into the Skull & Bones in 1943. And became a partner of Covington & Burling in Washington D. C. That law firm included William P. Bundy (CFR) (Skull & Bones). Bundy was full blown CIA and Assistant Secretary of Defense and Assistant Secretary of State for East Asian and Pacific Affairs where the no-win victory polices of George Kennan (CFR) were kept in full effect – As it is today under George JR.
    The policy of defeat and retreat was deliberately designed to scuttle the sovereignty of the U.S. by the Cashist Cartel that controls America’s commerce and currency..
    William Bundy was editor of Foreign Affairs the CFR quarterly. Bundy had given hundreds of dollars to the Alger Hiss Defense fund. The Venona papers clearly show that Alger Hiss was a Soviet Traitor which is not much different than the services provided by George Kennan and the American Illuminati. The Soviet traitor Hiss merely had his hands slapped for “High Treason” by another Council on Foreign Relations member Richard Nixon. Both Nixon and Hiss were in the CFR.
    Alger Hiss (CFR) and Kennan (CFR) were at Yalta where they concocted the idea of placing Berlin behind enemy lines already referred to in this article Alger Hiss arranged the “mid-century capstone” for the New World Order when he became the first acting Secretary General of the United Nations in San Francisco.

    Alger Hiss , American Traitor (CFR) (NKVD) 1st acting Secretary General of the United Nations together with over 40 CFR members assembled the United Nations in San Francisco in 1945. [Pictured Right is Hiss’s Soviet medal]
    William Bundy’s brother McGeorge Bundy (CFR) (Skull& Bones) was National Security advisor during the Vietnam War where he practiced the “no win” strategy’s of George Kennan. Like a loyal Illuminati “wise man” Bundy screened all material that went to the President. The installation of Castro’s Communism in Cuba can be laid at his feet. McGeorge Bundy was President of the Ford Foundation. Another former president of the Ford Foundation, H. Rowan Gaither Jr., said the Ford Foundation’s …”purpose was to so alter the United States that it would comfortably merge with the Soviet Union.”
    George Kennan (CFR) … was quick to warn Americans to stop the “scorn and ridicule” … of the “Russian Communists” In a speech made on May 3rd in 1956, Kennan claimed the Communists had “mellowed” and they had more “liberal attitudes” and more “courtesy”. This was six months before the Communists rolled over the freedom fighters in Hungary” slaughtering thousands of men, women and children.
    George Kennan (CFR) was interviewed on CBS by Walter Cronkite in 1987. In that interview Walter introduced Kennan as “one of our genuine wise men.” George Kennan advocated a “permanent body” that would “advise” both the President and Congress with the same “prestige and authority of opinions of the Supreme Court”.. This “arch-traitor” who spent his lifetime saving the REDS from the American Military clearly demonstrated his contempt for liberty and those who believe in limited self government with Constitutional checks and balances.
    Kennan and his Skull & Bones pals have betrayed America and its people to further their Satanic goal to Run the World for a “thousand points of light.” They stand now ready … to EXECUTE … America. Through immigration … de-industrialization …and the nationalizing of local schools to reduce the United States to a third world nation dependent upon “foreign oil” and “foreign industry” controlled by the Cashist Cartel.
    The Skull & Bones needs to completely disarm America … so that it cannot fight and will “fit in” with the rest of the “nation-states” ruled by the “wisemen.” They will create a crisis .. as they created Communism … to bring about chaos … so that the remaining people in their desperation to survive will beg for protection by a world government that promises to bring about “order”. A nuclear attack by a rogue nation would fit right into the lexicon being promoted by their “organs” in this year of 2001. President George W. Bush is now eliminating 80% of the US nuclear missiles. And Colin Powell has literally abolished the United States southern border.
    If Captain Daniel S. Sullivan is in over his head he can always run to Vice Admiral Arthur K. Cebroski (CFR) for Cebroski is a proud member of the Council on Foreign Relations too and an incumbent director of the U.S. Naval Institute.

    (Pictured Left) John D. Rockefeller III purchases land for UN Building. Harold Pratt of Standard Oil Fortune donated the building [Right] that houses the CFR. George “Pratt” (of the same family) … Schultz (CFR) former Secretary of State is now a key advisor to our Skull & Bones President George W. Bush. David Rockefeller chairman of the CFR for 15 years and the vice-president for 20 years has for a half a century to kept it “All in the Family.” Got the picture?
    Admiral Chester Ward, a true patriot said that the Council on foreign Relation’s purpose was to …” bring about the surrender of the sovereignty and the national independence of the United States.” The facts are undeniable! The Armed Services are to be turned over to the UN in accordance with (State Department Publication 7277)

    (Picture left) UN symbol; (center picture) symbol of the Soviet Union; (picture right) cover of State Department Publication 7277, which calls for America’s Armed forces to be turned over to the United Nations.
    Young Captain Sullivan’s intellectual effeminate article serves as still another propaganda piece that praises the Harrimans, Lords, Whitneys, Firestones, Bushes. In short the American Illuminati. The American Armed Forces are saddled by these “conspirators.” Though there are less than 1000 members of the Skull & Bones alive … (they induct only 15 per year) and about three thousand members of the Council on Foreign Relations. U.S. citizens like Captain Sullivan voluntarily serve these “traitors” … some unthinkingly, some willingly. Servers like Sullivan grovel at their feet and carry “the messages” as would servant boys from yesterday who once carried water for their masters.
    George F. Kennan (CFR) represents a total betrayal of the America people and its armed Services. He and his clan completely reject the United states Constitution.
    by G. Richard Arnold
    This Article is written for and Dedicated to the
    America’s Armed Forces
    Please Note … In 1917 the Federal Reserve Bank of New York was located at the 120 Broadway which was the headquarters for the funding of the Communist and Nazi movements. It is where Pierre Jay (Skull & Bones) became the First Chairman of the NY Federal Reserve, in NY city.
    According to Bruce Lockhart’s book British Agent, Colonel William Boyce Thompson of the Red Cross Mission … “had denounced in blunt language the folly of the Allies in not opening up negotiations with the Bolsheviks.” G. P. Putnam’s sons 1933 pp 198-99 Thompson who was the first full-time director of the Federal Reserve in NY had given $250,000 to the Red Cross for the preparation of the Red Revolution. Remember it was Raymond Robins who claimed he was “Thompson’s servant” and “I’m here to capture Russia for Wall Street.”

    This 1911 cartoon by Robert Minor carried in the St Louis Post-Dispatch includes J.P. Morgan, John D. Rockefeller & Andrew Carnegie. Ninety years ago some people could see why the Manhattan Money Monarchy embraced Karl Marx and Socialism.
    Alger Hiss was a Soviet spy and the First Secretary General of the UN was a member of the Council on Foreign Relations. Hiss worked with the Soviet NKVD and headed the Carnegie Endowment for International Peace. We have a trend here.
    Now with the advent of Web Sites like FreeWorldAlliance.com the public is beginning to understand the “3money marriage” between Karl Marx, Adolf Hitler and Wall Street.

    Back to Home
    (c) copyright 2000 TheMuckraker.net



    Today, December 02, 2010, 4 hours ago | Foreclosureblues


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  5. It would appear that no one read Brian Davies post on prof Peterson’s congressional testimony…it’s HUGE, to say the least. Especially for those of us living in Mersland, MN.



  7. http://www.youtube.com/watch?v=fOshw4kIGR4&feature=player_embedded

    sorry can’t get this to work but cut n paste into browser
    good video

  8. good video

  9. This just tells us that the country is bankrupt has been for awhile now these companies didn’t make anymore money they were given the money to cook the books more, to fool the people that everythings ok , when the reality is everything is cooked, all books, the country ,
    this is not going to end well i believe the people will start to learn about what the real truth is and be shocked, that money in the stock market is worthless, we truly are there slaves

  10. Bernanke damn near bankrupted me in 2007 and 2008 by manipulating the market on several “options expiration” fridays ,,I was long Harley Davidson puts each time and knew the sales numbers before they were announced by doing hands on research visiting HD dealers and talking with the bank reps that financed their sales… I was 100% right but lost my ass due to Bernanke handing HD undisclosed billions they could use to goose their balance sheets with…

    These scumbags need JAILTIME.

  11. We just got a win in California!!!!!!!

  12. Yes. I do not see why we should be holding up the US government if they are helping the big corporations to continue to fleece us. Hey, everybody, the big corporate powers are in bed with the US government. They are lying to us every day. Down with the Federal Reserve. Corporations should be paying much more tax revenue than the middle class. Can it get anymore ridiculous than the top 2% getting a tax break? How does the rest of the world think about that? I agree with an earlier post, Assange is going to be a hero if he discloses what the mega banks have done to scam us and most of the world. Wake up! Do not believe everything that comes out of the media and the government. They are covering up their venality, criminality and the destruction of the Constitution. http://www.challengingforeclosure.com Sirak@challengingforeclosure.com

  13. Neil, I’m afraid we need another Action Alert on the Fed trying to do away with TILA protection. Here is an article about what the big banksters are up to.

    At the end of the article is a link to electronically comment to the Fed Reserve about what you think about their $hitty proposals. My thoughts were pretty scorching and I let them have it – no holds barred. Everyone, please let them know what YOU THINK! We wiped out HR 3808. We can force our wishes down the throats of the Fed Reserve too.



  14. I should have said these money grubbers are OUTLAWS.

    HANG ‘EM !!



    My testimony is largely derived from two scholarly articles I have written on this topic which I invite the committee to review for further information.4 My prepared statement today will: (1) discuss the Origin and Business Practices of MERS; (2) explore the problematic legal foundation of MERS; (3) suggest that MERS is a deceptive and anti‐democratic institution designed to deprive county governments of revenue; (4) explain how MERS is undermining mortgage loan and land title record keeping; (5) argue that MERS was a contributing factor in the foreclosure crisis and has made resolving foreclosures more difficult; and (6) propose some solutions for the committee to consider.

  16. I agree. “They just won’t do it.”

    Maybe it’s about image. The last thing the Feds and banks will do is admit fault. That would give credence to their scheme and admittedly expose it.
    Evil has no conscience. Therefore, no guilt.
    Psychopaths, all of them!

    They play by different rules and we keep trying to get them to play by ours…the Constitution or whatever applies in any given venue.
    That is the definition of “insanity,” is it not?

    I suppose we should be glad this crap is hitting the fan. It’s long overdue. The world needs an overhaul and we need a PLAN to replace the chain of nonsense or it just starts up again under another guise.

    Personally, I would like to know what Assange is going to expose about a major bank and if it is the TRUTH…than he IS a HERO !
    We need to know what is really going on.
    I’m sick of being lied to and being treated like a criminal, shadow governments, and wars on this and that.
    The war on cancer, the war on drugs, wars never fought over resources, and using our money to do it,…and now the WAR on BANKS.

    Young men and women going off to fight on foreign soils only to die and leave behind their wounded families. What kind of BS is that ??
    How many times do we have to keep fighting that war?
    And we say they fought for our freedom. What freedom? We are slaves to debt.

    If we really have enemies, let them come to our shores and fight. We won’t need a military because every man and woman will take up a pitch fork.

    Every person needs to fight. Not just for our homes, but for our right to own homes and our human rights…our dignity…unless we want to sit and watch our glorious way of life go down the toilet and our homes auctioned off by the Feds on the world market.
    It looks as if each one of will all have to sue just to stay in the game or we’ll be eaten alive.

    We know whatever they do is illegal but apparently the only law is lawlessness here. We will have to take things into our own hands and enforce our own laws. These money grubbers are vigilantes.
    I say HANG ‘EM !!

  17. Does everything have to be THIS complicated? Basic human needs are food, clothing and shelter. Sound medical advice and medicine is helpful. Wouldn’t our quality of life and health be greatly improved if we were not forced to participate in this “system”??????? Wishful thinking I know…but a real American dream would be a return to the senses. A trading system that did not rely on money or credit. People who know how to make or grow things and trade them. We don’t NEED money. When anthropologists studied tribes that to this day live in the rain forest they found that they spent an average of 20 hours a week on basic needs for survival. The technology that we so revere causes us to spend less time with our families and doing things that have meaning. Instead of enriching our lives, it devalues. Our lives are slaving away in the cubicle for the “man”. How many days are spent longing for the dream we were promised as children that turned into this nightmare?


  19. […] see 2009-fed-created-bus-opp-for-top-5-while-everyone-else-went-down-the-drain […]

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