Showing posts with label Currencies. Show all posts
Showing posts with label Currencies. Show all posts

Monday, December 23, 2013

FED up? Hundred years of manipulating the US dollar


Posted by D. http://removingtheshackles.blogspot.com/2013/12/fed-up-hundred-years-of-manipulating-us.html

FED up? Hundred years of manipulating the US dollar


Ahhhhhhhh!  Isn't that funny?  I guess I'm not the only one with an intense desire to insure that people understand that the Federal Reserve Bank is not "Federal", it "reserves" nothing, and is nothing like a "bank".   An excellent Main Stream Media article to really push that information home.

"This explains why when in late 2002 Saddam Hussein decided he would do his UN-sanctions authorized “One Billion Dollars Iraqi Oil for Food” trade with the West in euros instead of dollars, he was quickly visited by the Fed’s military branch in March 2003.

Or take Muammar Kaddafi who in 2011 was about to launch a program to trade Libyan and North African oil using a new gold-backed currency – the gold dinar. He too got a little visit from Peace Prize Barack and Babylon Hillary. Do you begin to see the pattern?"

Do YOU see the pattern here?  As I have explained several times before (and thought that I mentioned in in yesterdays article, but alas it seems to of disappeared from the rough draft....):

The Federal Reserve Bank Cartel controls every perceived "National" Central bank of every country, with the exception of the last 3 Independent central banks that are left standing- there were 6 independent, non-Federal Reserve Bank controlled Central Banks up until just recently. The three that are now under the control of the FRB Cartel are: Iraq, Afghanistan, and Libya...... The last remaining independent Central Banks are in North Korea, Iran and Cuba.

.... well isn't that just a little bit interesting, eh?  What else do these three countries have in common?

.......The Gulf war(s) had very little to do with "Oil" (although that was obviously a nice little bonus) and everything to do with taking over the Central Banks of countries that were about to decapitate the Federal Reserve's  dollars and make a stand.  911 was just an excuse to put their armies in the countries that they wanted to take over and control.  I've written quite a bit about Iraq and the "RV" (Revaluation of the Iraqi currency) over the years, and a good amount of info can be found HERE.  When you understand the background to WHY and WHO and HOW, then you will see the bigger picture of all that has been done over the last century of official Federal Reserve Bank rule.

"Epilogue: Fed Up?

One would have thought that something as important as whether to continue to allow a private FED to operate in its present format, or revamping it, or even doing away with it after a whole century, would be something that should be squarely on the American and global public agenda… big time!

And yet all we have is silence from the US Government, Congress and politicians; silence from world leaders; total silence from the mainstream media, and from the academic world."

....and when the US "government", congress, and the world leaders and their "governments" are silent, one has to ask: who is buying their gag?

ps:  oh and this control and manipulation and fraud started much longer ago that just a simple "100 years".  A great starting place for a historical run down can be read at New Tomorrow:

Part One HERE
Part Two HERE and HERE
Part Three HERE

..... as I said yesterday, the Rabbit hole is very very deep.



http://rt.com/op-edge/fed-us-dollar-manipulate-049/

FED up? Hundred years of manipulating the US dollar

The facade of the U.S. Federal Reserve building in Washington (Reuters/Jonathan Ernst)

Adrian Salbuchi is a political analyst, author, speaker and radio/TV commentator in Argentina.



Published time: December 23, 2013 07:41

Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System - the Central Bank of the United States of America.

The mainstream media are keeping remarkably quiet about this key milestone.

No doubt, they know only too well that growing millions of workers inside and outside the US are realizing that a century of central banking monopoly in the hands of a private clique of usurer banksters is enough. More than enough!

‘TWAS THE NIGHT BEFORE CHRISTMAS…

…when all through the house, not a creature was stirring, not even a mouse”. These words written by 19th Century American poet, Clement Clarke Moore, aptly describe the scene a hundred years ago when the Federal Reserve Act was discretely rubberstamped in the US Congress: true, hardly a mouse was stirring either in the House or in the Senate… But the big rats were definitely there to vote in their act!

1913: Woodrow Wilson was President of the United States; World War One was but eight months away; and three years earlier a very hush-hush meeting had taken place at mega-banker, John Pierpont Morgan’s, private estate on Jekyll Island off the coast of Georgia.

Bloomberg News described this in a February-15, 2012 article as “a secret meeting that launched the Federal Reserve Bank. In November 1910, a group of government and business leaders fashioned a powerful new financial system that has survived a century, two world wars, a Great Depression and many recessions.”

That’s the Bloomberg Version. The ugly truth is probably exactly the opposite: in November 1910 a group of government, banking and business leaders fashioned a powerful new financial system that triggered, promoted and imposed a century of conflict and genocide, including two world wars, a Great Depression, many recessions and systematic mega-banker bailouts using taxpayer’s money.
In 1995, American investigator and author, G. Edward Griffin, published what is clearly the most authoritative book on the “FED” – as it is colloquially called in banking circles and by the mainstream media – “The Creature from Jekyll Island”.

Friday, August 9, 2013

Court officially declares Bitcoin a real currency



Court officially declares Bitcoin a real currency
Published time: August 08, 2013 15:54 Get short URL
http://rt.com/usa/bitcoin-sec-shavers-texas-231/

A federal judge has for the first time ruled that Bitcoin is a legitimate currency, opening up the possibility for the digital crypto-cash to soon be regulated by governmental overseers.

United States Magistrate Judge Amos Mazzant for the Eastern District of Texas ruled Tuesday that the US Securities and Exchange Commission can proceed with a lawsuit against the operator of a Bitcoin-based hedge fund because, despite existing only on the digital realm, “Bitcoin is a currency or form of money.”

Trendon Shavers of Bitcoin Savings & Trust (BTCST) was accused last year of scamming customers out of roughly $4.5 million worth of the cryptocurrency through his online hedge-fund. Shavers promised investors a weekly return of 7 percent, according to the federal complaint, but shut-down his site after collecting upwards of 700,000 bitcoins. When the SEC charged Shavers last month with operating a Ponzi scheme, he fought back by saying Bitcoin is not actual currency and can’t be regulated.

“The SEC asserts that Shavers made a number of misrepresentations to investors regarding the nature of the investments and that he defrauded investors. However, the question currently before the Court is whether the BTCST investments in this case are securities as defined by Federal Securities Laws,” Judge Mazzant wrote this week. “Shavers argues that the BTCST investments are not securities because Bitcoin is not money, and is not part of anything regulated by the United States. Shavers also contends that his transactions were all Bitcoin transactions and that no money ever exchanged hands. The SEC argues that the BTCST investments are both investment contracts and notes, and, thus, are securities.”

Despite Shavers’ argument, Mazzant weighed in this week with an opinion that’s not only quite the contrary, but could have widespread repercussions in the world of Bitcoin.

“It is clear that Bitcoin can be used as money,” Mazzant wrote. “It can be used to purchase goods or services, and as Shavers stated, used to pay for individual living expenses. The only limitation of Bitcoin is that it is limited to those places that accept it as currency. However, it can also be exchanged for conventional currencies, such as the US dollar, Euro, Yen and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money.”

Bitcoin investments "meet the definition of investment contract, and as such, are securities,” the judge added.

Now with the magistrate’s blessing, the SEC can continue with its case against Shavers and his site. With that same ruling, though, the government is for now getting the go ahead for what could lead to the rampant regulation of Bitcoin.



“The ruling, while certainly a victory for the Commission, is also likely to have farther-reaching ramifications as federal regulators increasingly encounter investment fraud based on non-traditional investment vehicles,” securities and business law attorney Jordan Maglich wrote in a Forbes op-ed this week.

Thursday, March 29, 2012

BRICS CREATE ALTERNATE RESERVE CURRENCY SYSTEM


BRICS agree to local currency credits to ease dollar dependency

Published: 29 March, 2012, 14:56



Dimitry Medvedev (L) and Manmohan Singh during the BRICS summit in New Delhi on March 29, 2012 (AFP Photo / Prakash Singh)

The BRICS - Brazil, Russia, India, China and South Africa - have agreed to provide credit to each other in local currencies. Officials say the deal will facilitate economic growth in times of crisis.

The currency swap deal is aimed at promoting trade and investment in local currencies as well as to cut transaction costs. It’s also seen as a step to replace the dollar as a reserve currency in trade between BRICS.

“The idea is in line with many interests and economic exigencies in the world economy,” Yaroslav Lissovolik, the chief economist at Deutsche Bank told RT. “The euro and dollar are no longer seen as unquestionable monopolies in the role of reserve currencies. Clearly the world needs more reserve currencies.”

The deal would also increase the BRICS influence on the international arena and will make their cooperation less sensitive to sanctions from the West, experts say.

"The BRICS countries are in the first rank to do the job that international financial system now needs. What the BRICS said was a very welcomed wake up call," John Kirton, the Co-Director of the BRICS Reasearch Group told RT.


Russia and China have been trading in the rouble and yuan for several years, now Russia plans to expand local currency settlement with India.

“With China it took us three years to (evolve) from initial conversations to trading in local currencies,” Vladimir Dmitriev, the chairman of Russia’ s VEB told reporters. “I think we will meet similar terms with India”.

Meanwhile the swap requires a lot of technical work by each country such as the synchronization of national banking legislation, according to Mr. Dmitriev.

The BRICS countries are also going to announce plans on a joint development bank which is considered a possible rival to the World Bank and the IMF. If established, it would function as a lending agency and would provide finance for joint BRICS projects.

"They made it very clear it would be built to benefit not only BRICS countries themselves, but developing countries more broadly," said KIrton. "But the big message was to give the World Bank more resources, only then would they see how the BRICS bank would fit in the supplement what they’ve already got."

Friday, March 23, 2012

BRICS bank next step to dollar independence



BRICS bank next step to dollar independence

Published: 20 March, 2012, 18:49
From left to right: Russian President Dmitry Medvedev, Chinese President Hu Jintao, Brazilian President Dilma Rousseff and Indian Prime Minister Manmohan Singh during a BRICS leaders meeting in Cannes. (RIA Novosti / Dmitry Astakhov)
From left to right: Russian President Dmitry Medvedev, Chinese President Hu Jintao, Brazilian President Dilma Rousseff and Indian Prime Minister Manmohan Singh during a BRICS leaders meeting in Cannes. (RIA Novosti / Dmitry Astakhov)
The ‘club’ of emerging economies known as the BRICS are strengthening their union. The countries are mulling over setting up a single development bank to promote joint investment initiatives, as well as their domestic currencies.
Brazil, Russia, India, China and South Africa are set to discuss the idea at the coming BRICS meeting in New Delhi on March 29, Financial Times says.
This is mainly to get a louder say in international arena for the “great reserves,” Ivan Tchakarov, chief economist for Russia and CIS countries at Renaissance Capital, told Business RT. “All of these  economies, in particular China, Russia and Brazil and less so India are the countries that are not only growing at a significantly faster pace than the developed economies, but they also have a lot of reserves,” he said.