You're all adults.. so I'm keeping this short. National END THE FED rally 9/22

[eleganz]

You don't need to be sold anything, you know the talking points. You already know why you should be there. You are the rLOVEution, blah blah, its not about the messenger, blah blah...

Here is the point, be there this Saturday and invite your friends. If you don't have a FED bank in your city, go to one nearby, if there are none, help spread the word. Youtube comments, comment sections, blogs, articles...etc...

Give the SENATE a reason to back AUDIT THE FED.

Here is the NATIONAL event facebook page with almost 1000 confirmed attendances:

https://www.facebook.com/events/270846059689581/



Here is the page for Los Angeles FED rally event:

https://www.facebook.com/events/389480187788529/

Event Listing:

Internet broadcast speeches by:
Stephan Molyneux
Walter Block

Boston, Massachusetts

What - https://www.facebook.com/events/263321740434182/

Where/When - 12:00 Noon at Boston Common's Parkman Bandstand

Event Info - We will gather at the Parkman Bandstand (Boston Common) at noon for a couple speakers and then march from Boston Common through Downtown Crossing and Faneuil Hall around 1pm, stopping at each location to reach out to the public with signs, bullhorns, and handouts. We will end our trek at the Federal Reserve at 600 Atlantic Ave to post "eviction signs" on the building.

Confirmed Speakers - Judge Jim Grey, Vice Presidential Nominee of the Libertarian Party

Official Livestream - http://www.ustream.tv/user/r3volutions_rising

Contact - Garret Kirkland: [email protected]
Michael Heise: [email protected]


Washington DC
Where/When - 12:00 Noon at (20th Street and Constitution Avenue, NW Washington, DC 20551)

Promo Video - http://www.youtube.com/watch?v=nulkOnkZf3k

Event Info - We are rallying in front of the US Treasury at noon on the north side between Bank of America and the US Treasury near the intersection of 15th St NW, NY Ave NW, & Pennsylvania Ave NW. At 1pm we will march 1 mile to the Federal Reserve at 20th St NW & Constitution Ave NW.

After Party - http://www.facebook.com/events/370353259699481/?notif_t=plan_edited
Free Kegs Courtesy of Liberty Panacea!

Contact - Adam Kokesh: [email protected]
Michael Heise: [email protected]


New York
What - http://www.facebook.com/events/246144392162332/

Promo Video - http://www.youtube.com/watch?v=9ujfKGdE2f0&feature=youtu.be

Where/When - 12:00 Noon at The Federal Reserve Bank of New York (33 Liberty Street New York, NY 10045)

Event Info - Let's COIN together Saturday Sept 22nd at high noon at The NY Federal Reserve Bank 33 Liberty Street NYC to send a message to the Banksters & the public that we will not tolerate the fraud that is the central banking system! We will NO LONGER participate in their system, we are going to RESTORE the FREE MARKET!

Special guest speakers:
Chris Duane of Sons of Liberty Academy
Luke Rudkowski of We Are Change
Danny Panzella of TruthSquad.TV

And amazing liberty music star Tatiana Moroz will be perfoming LIVE!!!!

The event will be followed by an after party @ a secret location!

Official Livestream: http://www.ustream.tv/user/wearechange

Contact - Danny Panzella: [email protected]
Michael Heise: [email protected]


Philadelphia, Pennsylvania
What - http://www.facebook.com/events/370758382994430/
Promo Video - http://www.youtube.com/watch?v=BiurnmNSJH4&feature=plcp
where/when - 12:00 Noon at The Federal Reserve Bank of Philadelphia (Ten Independence Mall Philadelphia, PA 19106)

Event Info - We Will start to assemble and rally outside of the fed building at 12:00 noon. We will Rally for an our then at 1:00 We will start off our speakers. Our Speaker/Performers are:

Music by: 6 N Belmont
Comedy by: N.A. Poe
Speech By Marge
Speech By Keith Smith
Speech By Michael Heise
Music by Jamall Antony
Music by Corrected Axiom
Comedy by: Steve Miller Miller
Speech By Mark Passio
Speech By Larken Rose
Music By Payday Monsanto

From there, we will march from the fed, go south on market street, go around city hall, up market street and back to the fed. We will continue to rally until The afterparty

Official Ustream - Anthony Antonello from WeAreChange: http://www.ustream.tv/channel/anthonyantonello

Contact - Michael Heise: [email protected]
Michael Salvi: [email protected]

After Party - Fringe Festival at Underground Arts
(1200 Callowhill Street in Philadelphia PA)

Cleveland, Ohio
What - https://www.facebook.com/events/415089675219322/

Where/When - 12:00 Noon at The Federal Reserve Bank of
Cleveland (1455 East Sixth Street Cleveland, OH 44114)

Event Info - Bring Signs and Literature and Rally against the fed at noon!

Contact - Anthony Heil: [email protected]
Michael Heise: [email protected]


Houston, Texas
What - https://www.facebook.com/events/173143216154704/

Where/When - 12:00 Noon at The Federal Reserve Bank of Houston (1801 Allen Parkway Houston, TX 77019)

Event Info - We are going to barbecue at the park across from our fed, do street action pass out dvds, and launch our black and yellow pages, a community based network for bartering and alternative currency exchange! More TBA!

Contact - Derrick Broze: [email protected]
Michael Heise: [email protected]


Richmond, Virginia
What - https://www.facebook.com/events/279627038808908/
Where/When - 12:00 Noon at The Federal Reserve Bank of Richmond (701 East Byrd Street Richmond, VA 23219)
Event Info - TBA
Contact - Igor Prohorov: [email protected]
Nathan Cox: [email protected]
Michael Heise: [email protected]

Atlanta, Georgia
Where/When - 12:00 Noon at The Federal Reserve Bank of Atlanta (1000 Peachtree Street NE Atlanta, GA 30309)

Event Info - Speakers include:
TMOT aka Minister Derrick Greyson
Carter Kessler With Young Americans For Liberty

Contact - Darrell Young: [email protected] (347)323-0015
Michael Heise: [email protected]


Chicago, Illinois
Where/When - 12:00 Noon at The Federal Reserve Bank of Chicago (230 South LaSalle Street Chicago, IL 60604)
Event Info - TBA
Contact - Chris Jenner: [email protected]
Julio Rausseo: [email protected]
Michael Heise: [email protected]


St. Louis, Missouri
What - http://www.facebook.com/events/159244600879295/

Where/When - 12:00 Noon at The Federal Reserve Bank of St. Louis (One Federal Reserve Bank Plaza Broadway and Locust Streets St. Louis, MO 63102)

Event Info - Greetings STL! This is Zachary Cole from TyrannyWatch.org and I would like to invite you all to a VERY important rally/protest against the Federal Reserve here in downtown Saint Louis. We are one of 3 different activist groups that will stand in solidarity against the Banksters.

This event is apart of a much larger nationwide “End the Fed” movement that will be hosting marches, rallies, and protests on the same date and time. If you have already been invited to the STL rally, then please accept our apology
for sending out another one to you. But feel free to let us know that you’re going to be there, even if it’s not with us!

Confirmed Speakers:
Robyn Hamlin
Cynthia Davis
Lloyd Sloan
Julie Stone
Cindy Redburn
Rep. Paul Curtman

Official Livestream:
http://www.ustream.tv/channel/tyranny-watch

Contact - Kelly Hawkins: [email protected]
Michael Heise: [email protected]
Zachary Cole: [email protected] or cell #314-479-0188

Minneapolis, Minnesota
What - http://www.facebook.com/events/256442857809869/

Promo Video - http://www.youtube.com/watch?v=zScCSY-kvhU&feature=youtu.be

Where/When - 12:00 Noon at The Federal Reserve Bank of Minneapolis (90 Hennepin Avenue Minneapolis, MN 55401)

Event Info - We will be uniting nationwide with the national End the Fed Protest
http://www.endthefed2012.com/ Lining up speakers for this event. If interested in helping please contact Sean Wright 763 645 9051
After party will be announced at the event! (probably club Jaeger)

Official Livestream - ustream.tv/dwrocker1

Contact - Sean Wright: [email protected]
Michael Heise: [email protected]


Kansas City, Kansas
Where/When - 12:00 Noon at The Federal Reserve Bank of Kansas City (1 Memorial Drive Kansas City, MO 64198)

Event Info - Firefighters Fountain: Lest We Forget
The point of assembly for the March to End the Fed, as part of the Nationwide End the Fed Rally. Be here between 11:15-11:30. At 11:30, we march East on 31st Street to Wyandotte Street, where we will march N/E to the Federal Reserve.

Federal Reserve Bank of Kansas City
At 12:00pm, we will assemble around the Federal Reserve for one hour, holding signs and shouting our discontent.

End the Fed BBQ and Rally at Memorial Drive
At 1:00pm, we will gather at the South end of Liberty Memorial Mall, at Memorial Drive, Kansas City, MO 64108, for a potluck bbq and End the Fed afternoon. Please bring whatever you can share: Hot foods, cold foods, paper plates/cups/utensils, trashbags, etc., on Saturday morning before the march begins. Time and place for potluck drop-off TBA.

Americas Best Value Inn & Suites - Kansas City - Downtown
For those who want to arrive the night before, or stay the night of, I've submitted a group rate request for this hotel - it's 15 minutes walking distance from the Fed, according to google maps.

Tomfooleries Restaurant & Bar
For those who want to head down to the Plaza after the rally, please join us at Tomfooleries, a restaurant and bar with great low prices.

Map of important locations: http://goo.gl/maps/piMNi

Official Livestream: http://ustre.am/aRUZ

Contact - Susan Wolfe - [email protected] (424-254-8911)
[email protected]
Michael Heise: [email protected]


Dallas, Texas
Where/When - 12:00 Noon at The Federal Reserve Bank of Dallas (2200 North Pearl Street Dallas, TX 75201)
Event Info - TBA
Contact - J.C Barba:
Michael Heise: [email protected]

San Antonio, Texas
What - http://www.facebook.com/events/487768887902470/?notif_t=plan_user_invited

Where/When - 12:00 Noon At the Federal Reserve Bank of San Antonio (126 East Nueva Street San Antonio, TX 78204)

Event Info -
NOON - We will gather at the San Antonio Chapter of the Federal Reserve bank at Noon.

1:30 - we will march down to the Alamo where we will set up to hand information to passer-byes.

2:00 - End the Fed Info Jam in front of the Alamo.

Bring your biggest signs, banners, flyers & dvds!!
Invite, bring and if you have to, drag out your friends & family, we need as many people as possible to show up!

Lets show the city of San Antonio in numbers, how many people are aware that the Federal Reserve is the heart of our economic down fall.

When Ron Paul showed up to speak in San Antonio over 3,000 people showed up.
Can we prove we are not just Ron Paul coach potatoes and we are the actual Revolution of Liberty & Prosperity for the future!


Contact - Matthew Medina: [email protected]
Michael Heise: [email protected]

San Francisco, California:
What: https://www.facebook.com/events/335596829851307/
Newsletter - http://us5.campaign-archive1.com/?u=32d4f60a7d5a3d10c9d4fff29&id=c89b95ea81

Where/When - 12:00 Noon at The Federal Reserve Bank of San Francisco (101 Market Street San Francisco, CA 94105)
Promo Video: http://www.youtube.com/watch?v=_szZvElIRyo&feature=related

Event Info - We will make it up to the Federal Reserve and do a little comedy about the private banking cartel, some education about the fed, some truth about what is wrong with the fed, and make a presence. There will be music, comedy, and fun hijinx.

Be prepared for non-violence, bring your cameras, and your first amendment knowledge. The San Francisco FED police have been very understanding over the years so I hope that does not change.

After party location to be determined, if you have suggestions let me know. We need a place we can have some appetizers and chat about our future.

Official Livestream: www.ustream.tv/channel/weare1776-live-streams.

Sean cell/text 510-409-9908

Contact - Sean Ackley: [email protected]
Michael Heise: [email protected]

Los Angeles, California
What - https://www.facebook.com/events/337582822997085/
Where/When - 12:00 Noon At the Federal Reserve Bank of Los Angeles (Federal Reserve Bank of San Francisco – Los Angeles Branch (950 South Grand Avenue, Los Angeles, CA))
Event Info - TBA
Contact - Timothy Robert Robinette: [email protected]
Ivy Cerelle Floirendo: [email protected]
Michael Heise: [email protected]


Denver, Colorado
What - http://www.facebook.com/events/512693648757514/?ref=ts

Where/When - 12:00 Noon At the Federal Reserve Bank of Denver
(1020 16th St, Denver Colorado)

Event Info - We will be gathering in front of the Federal Reserve located on the 16th street mall between Arapahoe and Curtis at 11 am. We will be there all day with a possible lunch break somewhere in the middle, but there should be people there at all hours.

We have done many actions at the Fed in Denver, so we are familiar with the area and the most effective way to reach out to people. In the past we have gotten pretty good perception from the public by just hanging around--handing out DVD's and fliers. We typically bring some disco music to dance to, which always makes for a good time and gets people to open up. Nobody hates dancing people!!

Members of We Are Change and other activist groups will speak about the corruption of the fed, as well as alternative solutions to their system of debt slavery. The founder of MtnHours (time based currency) will be present to address the new currencies that have started in Summit County, CO and Clearwater County, FL. This part of our rally is perhaps the most important, as the key to moving beyond this system is creating a new and better system.
There will also be plenty of time for "open mic" with the bullhorn for anyone who has something to say. We will likely do a small march sometime later in the afternoon, as well.

Official Livestream - http://www.ustream.tv/channel/denver-cop-block

Contact - Aaron McMurray: [email protected]
Bruce Baumann: [email protected]
Michael Heise: [email protected]

Jacksonville, Florida
What - http://www.facebook.com/events/394721853927959/

Promo Video - http://www.youtube.com/watch?v=SgcFWBrv8io&feature=youtu.be

Where/When - 12:00 Noon At the Federal Reserve Bank of Jacksonville (800 Water Street Jacksonville, Florida 32204)

Event Info: Come with some friends and some signs and rally in front of the fed at noon!

Contact: Jimmy Chambers: [email protected]
Michael Heise: [email protected]

Salt Lake City, Utah
What - http://www.facebook.com/events/273427739425652/?context=create

Where/When - 12:00 Noon Federal Reserve Building of Salt Lake City
(120 South State Street Salt Lake City, UT 8411)

Event Info: Speakers Include
Radio talk show host, Tim Aalders on the History of the Federal Reserve at 1pm, followed by Jake Shannon on the Economics of ending the Federal Reserve.

Official Livestream - http://www.ustream.tv/channel/end-the-fed-slc

Contact: Jacob Alexander Jones: [email protected]
Michael Heise: [email protected]

Charlotte, North Carolina
What - https://www.facebook.com/events/277388545701023/

Where/When - 12:00 noon Federal Reserve Building of Charlotte NC
(530 East Trade Street Charlotte, NC 28202)

Event Info - Meet at the fed at noon, then kick off our speakers. The speakers are:

1. Keynote Glen Bradley NC house rep
2. Adam C Love NC C4L state director
3. Michiel Stienberg 9th district liberty R candidate
4. Nick Williams 14 year old freedom fighter
5. (me) Chuck Suter constitutionalwar.org
6. Nicole Revels Carolina Liberty PAC
and more TBA
After Party - https://www.facebook.com/events/260970547341238/
Contact: Chuck Suter: [email protected]
Michael Heise: [email protected]

Oklahoma City, Oklahoma
Where/When – 12:00 Noon at The Federal Reserve Bank of Oklahoma City(226 Dean A Mcgee Ave, Oklahoma City, OK 73102)
Event Info - TBA
Contact: Thomas Kiene: [email protected]
Michael Heise: [email protected]

Detroit, Michigan
What: http://www.facebook.com/events/477285988968632/

Where/When - 12:00 Noon at the Federal Reserve Bank of Detroit (1600 East Warren Avenue Detroit, MI 48207)

Event Info - come and rally!

Speakers Confirmed:
- James Weeks II Libertarian Candidate for Michigan House in the 47th District
- Don Volaric Republican Candidate for US Congress in Michigan's 9th District

After Party:

http://www.facebook.com/events/370862379653554/?notif_t=plan_user_invited
- Campaign for Liberty's Annual Pig Roast in Westland, MI (just west of Detroit) goes until 2am and is $20 per person/$30 per couple (150+) confirmed attending.

Contact: Shane Edmund Drozdowski [email protected]
Michael Heise - [email protected]

 

[eleganz]

anybody planning to go to the national end the fed rally? there doesn't seem to be much excitement for this round...are we all struck down from the campaign and the RNC?

I know its tough but come on, we have a fight to finish.

 

[ClydeCoulter]

anybody planning to go to the national end the fed rally? there doesn't seem to be much excitement for this round...are we all struck down from the campaign and the RNC?

I know its tough but come on, we have a fight to finish.

Maybe they are just not posting on it. But, come time they will be there? And they might be busy tweeting and FB'ing about it. I will.
Don't lose heart, keep posting here what's happening as it goes.
And, thanks for keeping it up and alive

 

[paulbot24]

I know this is a lazy question, what with the intrawebz and all, but how do we find out if we have a FED bank (or the closest thing) in our city? I'm aware of the Federal Reserve Banks in Chicago, New York, you know where all the gangsters congregate, pun very intended. If you were to include a list of potential targets in the post above, that might get more people motivated......I'm am DOWN WITH THIS, add a list to the OP with instructions and maybe some backup sites just to be sure our prescence is felt, that will get people ready to go. All in baby. Now the question is, mask or no mask?

 

[eleganz]

I updated the OP with the information, its all in the link to the national event.

I know this is a lazy question, what with the intrawebz and all, but how do we find out if we have a FED bank (or the closest thing) in our city? I'm aware of the Federal Reserve Banks in Chicago, New York, you know where all the gangsters congregate, pun very intended. If you were to include a list of potential targets in the post above, that might get more people motivated......I'm am DOWN WITH THIS, add a list to the OP with instructions and maybe some backup sites just to be sure our prescence is felt, that will get people ready to go. All in baby. Now the question is, mask or no mask?

 

[freedomordeath]

http://www.marketoracle.co.uk/Article36569.html

that the century of total war coincided with the century of central banking - Ron Paul

The FED is the energy that powers the matrix, it is a system where the elite use our labour and resources against us, where the fat and lazy profit off the backs of hard working poeple and put the poor into bondage.

Twin Demons of War and Central Banking
Politics / US Politics Sep 17, 2012 - 03:50 AM

By: LewRockwell

Politics

Diamond Rated - Best Financial Markets Analysis ArticleThe twentieth century was the century of total war. Limitations on the scope of war, built up over many centuries, had already begun to break down in the nineteenth century, but they were altogether obliterated in the twentieth. And of course the sheer amount of resources that centralized states could bring to bear in war, and the terrible new technologies of killing that became available to them, made the twentieth a century of almost unimaginable horror.

It isn’t terribly often that people discuss the development of total war in tandem with the development of modern central banking, which – although antecedents existed long before – also came into its own in the twentieth century. It’s no surprise that Ron Paul, the man in public life who has done more than anyone to break through the limits of what is permissible to say in polite society about both these things, has also been so insistent that the twin phenomena of war and central banking are linked. "It is no coincidence," Dr. Paul said, "that the century of total war coincided with the century of central banking."

He added:

If every American taxpayer had to submit an extra five or ten thousand dollars to the IRS this April to pay for the war, I'm quite certain it would end very quickly. The problem is that government finances war by borrowing and printing money, rather than presenting a bill directly in the form of higher taxes. When the costs are obscured, the question of whether any war is worth it becomes distorted.

For the sake of my remarks today I take it as given that Murray Rothbard’s analysis of the true functions of central banking is correct. Rothbard’s books The History of Money and Banking: The Colonial Era Through World War II, The Case Against the Fed, The Mystery of Banking, and What Has Government Done to Our Money? provide the logical case and the empirical evidence for this view, and I refer you to those sources for additional details.

For now I take it as uncontroversial that central banks perform three significant functions for the banking system and the government. First, they serve as lenders of last resort, which in practice means bailouts for the big financial firms. Second, they coordinate the inflation of the money supply by establishing a uniform rate at which the banks inflate, thereby making the fractional-reserve banking system less unstable and more consistently profitable than it would be without a central bank (which, by the way, is why the banks themselves always clamor for a central bank). Finally, they allow governments, via inflation, to finance their operations far more cheaply and surreptitiously than they otherwise could.

As an enabler of inflation, the Fed is ipso facto an enabler of war. Looking back on World War I, Ludwig von Mises wrote in 1919: "One can say without exaggeration that inflation is an indispensable means of militarism. Without it, the repercussions of war on welfare become obvious much more quickly and penetratingly; war weariness would set in much earlier."

No government has ever said, "Because we want to go to war, we must abandon central banking," or "Because we want to go to war, we must abandon inflation and the fiat money system." Governments always say, "We must abandon the gold standard because we want to go to war." That alone indicates the restraint that hard money places on governments. Precious metals cannot be created out of thin air, which is why governments chafe at monetary systems based on them.

Governments can raise revenue in three ways. Taxation is the most visible means of doing so, and it eventually meets with popular resistance. They can borrow the money they need, but this borrowing is likewise visible to the public in the form of higher interest rates – as the federal government competes for a limited amount of available credit, credit becomes scarcer for other borrowers.

Creating money out of thin air, the third option, is preferable for governments, since the process by which the political class siphons resources from society via inflation is far less direct and obvious than in the cases of taxation and borrowing. In the old days the kings clipped the coins, kept the shavings, then spent the coins back into circulation with the same nominal value. Once they have it, governments guard this power jealously. Mises once said that if the Bank of England had been available to King Charles I during the English Civil War of the 1640s, he could have crushed the parliamentary forces arrayed against him, and English history would have been much different.

Juan de Mariana, a Spanish Jesuit who wrote in the sixteenth and early seventeenth centuries, is best known in political philosophy for having defended regicide in his 1599 work De Rege. Casual students often assume that it must have been for this provocative claim that the Spanish government confined him for a time. But in fact it was his Treatise on the Alteration of Money, which condemned monetary inflation as a moral evil, that got him in trouble.

Think about that. Saying the king could be killed was one thing. But taking direct aim at inflation, the lifeblood of the regime? Now that was taking things too far.

In those days, if a war were to be funded partly by monetary debasement, the process was direct and not difficult to understand. The sequence of events today is more complicated, but as I’ve said, not fundamentally different. What happens today is not that the government needs to pay for a war, comes up short, and simply prints the money to make up the difference. The process is not quite so crude. But when we examine it carefully, it turns out to be essentially the same thing.

Central banks, established by the world’s governments, allow those governments to spend more than they receive in taxes. Borrowing allowed them to spend more than they received in taxes, but government borrowing led to higher interest rates, which in turn can provoke the public in undesirable ways. When central banks create money and inject it into the banking system, they serve the purposes of governments by pushing those interest rates back down, thereby concealing the effects of government borrowing.

But central banking does more than this. It essentially prints up money and hands it to the government, though not quite so directly and obviously.

First, the federal government is able to sell its bonds at artificially high prices (and correspondingly low interest rates) because the buyers of its debt know they can turn around and sell to the Federal Reserve. It’s true that the federal government has to pay interest on the securities the Federal Reserve owns, but at the end of the year the Fed pays that money back to the Treasury, minus its trivial operating expenses. That takes care of the interest. And in case you’re thinking that the federal government still has to pay out at least the principal, it really doesn’t. The government can roll over its existing debt when it comes due, issuing a new bond to pay off the principal of the old one.

Through this convoluted process – a process, not coincidentally, that the general public is unlikely to know about or understand – the federal government is in fact able to do the equivalent of printing money and spending it. While everyone else has to acquire resources by spending money they earned in a productive enterprise – in other words, they first have to produce something for society, and then they may consume – government may acquire resources without first having produced anything. Money creation via government monopoly thus becomes another mechanism whereby the exploitative relationship between government and the public is perpetuated.

Now because the central bank allows the government to conceal the cost of everything it does, it provides an incentive for governments to engage in additional spending in all kinds of areas, not just war. But because war is enormously expensive and because the sacrifices that accompany it place such a strain on the public, it is wartime expenditures for which the assistance of the central bank is especially welcome for any government.

The Federal Reserve System, which was established in late 1913 and opened its doors the following year, was first put to the test during World War I. Unlike some countries, the U.S. did not abandon the gold standard during the war, but it was not operating under a pure 100-percent gold standard in any case. The Fed could and did engage in credit expansion. On Mises.org we feature an article by John Paul Koning that takes the reader through the exact process by which the Fed carried out its monetary inflation in those early years. In brief, the Fed essentially created money and used it to add war bonds to its balance sheet. Benjamin Anderson, the Austrian-sympathetic economist, observed at the time, "The growth in virtually all the items of the balance sheet of the Federal Reserve System since the United States entered the war has been very great indeed."ork De Rege, that regicide – e Rege, that regicide – the and early seventeenth centuries, is best known in political philoso

The Fed’s accommodating role was not confined to wartime itself. In America’s Money Machine, Elgin Groseclose wrote: "Although the war was over in 1918, in a fighting sense, it was not over in a financial sense. The Treasury still had enormous obligations to meet, which were eventually covered by a Victory loan. The main support in the market again was the Federal Reserve."

Monetary expansion was especially helpful to the U.S. government during the Vietnam War. Lyndon Johnson could have both his Great Society programs and his overseas war, and the strain on the public was kept – at first, at least – within manageable limits.

So confident had the Keynesian economic planners become that by 1970, Arthur Okun, one of the decade’s key presidential advisers on the economy, was noting in a published retrospective that wise economic management seemed to have done away with the business cycle. But reality could not be evaded forever, and the apparently strong war economy of the 1960s gave way to the stagnation of the 1970s.

There is a law of the universe according to which every time the public is promised that the boom-bust business cycle has been banished forever, a bust is right around the corner. One month after Okun’s rosy book was published, the recession began.

Americans paid a steep cost for the inflation of the 1960s. The loss of life resulting from the war itself was the most gruesome and horrific of these costs, but the economic devastation cannot be ignored. As many of us well remember, years of unemployment and high inflation plagued the U.S. economy. The stock market fared even worse. Mark Thornton points out that

in May 1970, a portfolio consisting of one share of every stock listed on the Big Board was worth just about half of what it would have been worth at the start of 1969. The high flyers that had led the market of 1967 and 1968 – conglomerates, computer leasers, far-out electronics companies, franchisers – were precipitously down from their peaks. Nor were they down 25 percent, like the Dow, but 80, 90, or 95 percent.

...The Dow index shows that stocks tended to trade in a wide channel for much of the period between 1965 and 1984. However, if you adjust the value of stocks by price inflation as measured by the Consumer Price Index, a clearer and more disturbing picture emerges. The inflation-adjusted or real purchasing power measure of the Dow indicates that it lost nearly 80% of its peak value.

And for all the talk of the Fed’s alleged independence, it is not even possible to imagine the Fed maintaining a tight-money stance when the regime demands stimulus, or when the troops are in the field. It has been more than accommodating during the so-called War on Terror. Consider the amount of debt purchased every year by the Fed, and compare it to that year’s war expenditures, and you will get a sense of the Fed’s enabling role.

Now while it’s true that a gold standard restrains governments, it’s also true that governments have little difficulty finding pretexts – war chief among them – to abandon the gold standard. For that reason, the gold standard in and of itself is not a sufficient restraint on the government’s ambitions, at home and abroad.

As we look to the future, we must cast aside all timidity in our proposals for monetary reform. We do not seek a gold-exchange standard, as existed under the Bretton Woods system. We do not seek to use the price of gold as a calibration device to assist the monetary authority in its decisions on how much money to create. We do not even seek the restoration of the classical gold standard, great though its merits are.

In the 1830s, the hard-money Jacksonian monetary theorists coined the marvelous phrase "separation of bank and state." That would be a start.

What we need today is the separation of money and state.

There are some ways in which money is unique among goods. For one thing, money is valued not for its own sake but for its use in exchange. For another, money is not consumed, but rather is handed on from one person to another. And all other goods in the economy have their prices expressed in terms of this good.

But there is nothing about money – or anything else, for that matter – that should make us think its production must be carried out by the government or its designated monopoly grantee. Money constitutes one-half of every non-barter market transaction. People who believe in the market economy, and yet who are prepared to hand over to the state the custodianship of this most crucial good, ought to think again.

Interventionists sometimes claim that a particular good is just too important to be left to the market. The standard free-market reply turns this argument around: the more important a commodity is, the more essential it is for the government not to produce it, and to leave its production to the market instead.

Nowhere is this more true than in the case of money. As Ludwig von Mises once said, the history of money is the history of government efforts to destroy money. Government control of money has yielded monetary debasement, the impoverishment of society relative to the state, devastating business cycles, financial bubbles, capital consumption (because of falsified profit-and-loss accounting), moral hazard, and – most germane to my topic today – the expropriation of the public in ways they are unlikely to understand. It is this silent expropriation that has made possible some of the state’s greatest enormities, including its wars, and it is all of these offenses combined that constitute a compelling popular brief against the current system and in favor of a market substitute.

The war machine and the money machine, in short, are intimately linked. It is vain to denounce the moral grotesqueries of the U.S. empire without at the same time taking aim at the indispensable support that makes it all possible. If we wish to oppose the state and all its manifestations – its imperial adventures, its domestic subsidies, its unstoppable spending and debt accumulation – we must point to their source, the central bank, the mechanism that the state and its kept media and economists will defend to their dying days.

The state has persuaded the people that its own interests are identical with theirs. It seeks to promote their welfare. Its wars are their wars. It is the great benefactor, and the people are to be content in their role as its contented subjects.

Ours is a different view. The state’s relationship to the people is not benign, it is not one of magnanimous giver and grateful recipient. It is an exploitative relationship, whereby an array of self-perpetuating fiefdoms that produce nothing live at the expense of the toiling majority. Its wars do not protect the public; they fleece it. Its subsidies to not promote the so-called public good; they undermine it. Why should we expect its production of money to be an exception to this general pattern?

As F.A. Hayek said, it is not reasonable to think that the state has any interest in giving us a "good money." What the state wants is to produce the money or have a privileged position vis-a-vis the source of the money, so it can dispense largesse to its favored constituencies. We should not be anxious to accommodate it.

The state does not compromise, and neither should we. In the struggle of liberty against power, few enough will oppose the state and the conventional wisdom it urges us to adopt. Fewer still will reject the state and its programs root and branch. We must be those few, as we work toward a future in which we are the many.

This is our mission today, as it has been the mission of the Mises Institute for the past 30 years. With your support, we shall at this critical moment carry on publishing our books and periodicals, aiding research and teaching in Austrian economics, promoting the Austrian School to the public, and training tomorrow’s champions of the economics of freedom.

Llewellyn H. Rockwell, Jr. [send him mail], former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, literary executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. See his books.

 

[Massachusetts]

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[freedomordeath]

bump

 

[eleganz]

Tentative Schedule for Los Angeles fed bank location:
Join here: https://www.facebook.com/events/389480187788529/
11am - 1pm - Liberty Picnic @ Grand Hope Park S Hope St. W 9th St. (across the street from the federal reserve bank).
1pm - 2pm - Meet n greet/sign wave @ FED bank
2pm - 3pm - Guest speakers
3pm - 4pm - Music/Free time
5pm - 6pm - March to L.A. Live/Staples Center
7pm - xAM - END the FED post rally POOL PARTY
Invite yourself to the pool party here:
https://www.facebook.com/events/428702437166466/

 

[Endthefednow]

Audit the Fed to eventually EndTheFED!!

 

[freedomordeath]

bump.... THIS IS VERY IMPORTANT POEPLE. YES ADAM KOKESH IS ONE OF THE ORGANIZERS AND IF YOU DON'T LIKE HIM START YOUR OWN RALLIES.. PLENTY OF BUILDINGS.. PLENTY OF GROUND AROUND THE BUILDINGS..... this is war (without the bullets)

 

[Ivash]

Erm... the 'casual students' are right. Mariana was imprisoned because of his defending regicide. That topic is always precarious, but doubly so since Henry IV of France had been recently assassinated.

 

[sailingaway]

bump!

 

[afwjam]

Blimp!

 

[eleganz]

Blimp!

Ron Paul BLIMP!

 

[freedomordeath]

 

[freedomordeath]

 

[freedomordeath]

 

[freedomordeath]

http://www.marketoracle.co.uk/Article36543.html

Bernanke Secretly Gives away Sixteen Trillion Dollars
Stock-Markets / Credit Crisis Bailouts Sep 15, 2012 - 05:15 AM

By: Richard_Mills

Stock-Markets

Diamond Rated - Best Financial Markets Analysis ArticleIn July of 2011, I was one of the first to bring to your attention to the incredible fact that the US Federal Reserve had secretly given away $16 TRILLION dollars;

"The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit.


What the audit revealed was incredible: between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world's banks, corporations, and governments by giving them US$16,000,000,000,000.00 - that's 16 TRILLION dollars." Richard Mills

It gets worse, much worse, in fact it's downright incestuous.Let's do a follow up and see who, besides *foreign banks and corporations from Scotland to South Korea, received a large chunk of that money.

* Banks like JP Morgan benefited from the foreign bailouts - they are some of the largest creditors of the bailed out countries. Instead of having to write off their foreign losses the US Federal Reserve bailouts enabled them to be paid in full.

The Government Accountability Office (GAO) investigates potential conflicts of interest. The GAO did investigate the $16 trillion giveaway and laid out the findings but did not name names. Those names have now been released - here's three of the more shocking cases...

"In Dimon's (JPMorgan Chase CEO Jamie Dimon)case, JPMorgan received some $391 billion of the $4 trillion in emergency Fed funds at the same time his bank was used by the Fed as a clearinghouse for emergency lending programs. In March of 2008, the Fed provided JPMorgan with $29 billion in financing to acquire Bear Stearns. Dimon also got the Fed to provide JPMorgan Chase with an 18-month exemption from risk-based leverage and capital requirements. And he convinced the Fed to take risky mortgage-related assets off of Bear Stearns balance sheet before JP Morgan Chase acquired the troubled investment bank.

Another high-profile conflict involved Stephen Friedman, the former chairman of the New York Fed's board of directors. Late in 2008, the New York Fed approved an application from Goldman Sachs to become a bank holding company giving it access to cheap loans from the Federal Reserve. During that period, Friedman sat on the Goldman Sachs board. He also owned Goldman stock, something that was prohibited by Federal Reserve conflict of interest regulations. Although it was not publicly disclosed at the time, Friedman received a waiver from the Fed's conflict of interest rules in late 2008. Unbeknownst to the Fed, Friedman continued to purchase shares in Goldman from November 2008 through January of 2009, according to the GAO.

In another case, General Electric CEO Jeffrey Immelt was a New York Fed board member at the same time GE helped create a Commercial Paper Funding Facility during the financial crisis. The Fed later provided $16 billion in financing to GE under this emergency lending program." Fed Board Member Conflicts Detailed by GAO, http://www.sanders.senate.gov/

Below is the full list of 18 Fed board members who gave their own banks four trillion dollars:

Jamie Dimon, the Chairman and CEO of JP Morgan Chase, has served on the Board of Directors at the Federal Reserve Bank of New York since 2007. During the financial crisis, the Fed provided JP Morgan Chase with $391 billion in total financial assistance. JP Morgan Chase was also used by the Fed as a clearinghouse for the Fed's emergency lending programs.

In March of 2008, the Fed provided JP Morgan Chase with $29 billion in financing to acquire Bear Stearns. During the financial crisis, the Fed provided JP Morgan Chase with an 18-month exemption from risk-based leverage and capital requirements. The Fed also agreed to take risky mortgage-related assets off of Bear Stearns balance sheet before JP Morgan Chase acquired this troubled investment bank.

"I just think this constant refrain, 'bankers, bankers, bankers' -- it's just a really unproductive and unfair way of treating people. People should just stop doing that." Jamie Dimon

Jeffrey Immelt, the CEO of General Electric, served on the New York Fed's Board of Directors from 2006-2011. General Electric received $16 billion in low-interest financing from the Federal Reserve's Commercial Paper Funding Facility during this time period.
Stephen Friedman. In 2008, the New York Fed approved an application from Goldman Sachs to become a bank holding company giving it access to cheap Fed loans. During the same period, Friedman, who was chairman of the New York Fed at the time, sat on the Goldman Sachs board of directors and owned Goldman stock, something the Fed's rules prohibited. He received a waiver in late 2008 that was not made public (the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans). After Friedman received the waiver, he continued to purchase stock in Goldman from November 2008 through January of 2009 unbeknownst to the Fed, according to the GAO.

During the financial crisis, Goldman Sachs received $814 billion in total financial assistance from the Fed.
Sanford Weill, the former CEO of Citigroup, served on the Fed's Board of Directors in New York in 2006. During the financial crisis, Citigroup received over $2.5 trillion in total financial assistance from the Fed.

Richard Fuld, Jr, the former CEO of Lehman Brothers, served on the Fed's Board of Directors in New York from 2006 to 2008. During the financial crisis, the Fed provided $183 billion in total financial assistance to Lehman before it collapsed.
James M. Wells, the Chairman and CEO of SunTrust Banks, has served on the Board of Directors at the Federal Reserve Bank in Atlanta since 2008. During the financial crisis, SunTrust received $7.5 billion in total financial assistance from the Fed.

Richard Carrion, the head of Popular Inc. in Puerto Rico, has served on the Board of Directors of the Federal Reserve Bank of New York since 2008. Popular received $1.2 billion in total financing from the Fed's Term Auction Facility during the financial crisis.
James Smith, the Chairman and CEO of Webster Bank, served on the Federal Reserve's Board of Directors in Boston from 2008-2010. Webster Bank received $550 million in total financing from the Federal Reserve's Term Auction Facility during the financial crisis.

Ted Cecala, the former Chairman and CEO of Wilmington Trust, served on the Fed's Board of Directors in Philadelphia from 2008-2010. Wilmington Trust received $3.2 billion in total financial assistance from the Federal Reserve during the financial crisis.
Robert Jones, the President and CEO of Old National Bancorp, has served on the Fed's Board of Directors in St. Louis since 2008. Old National Bancorp received a total of $550 million in low-interest loans from the Federal Reserve's Term Auction Facility during the financial crisis.

James Rohr, the Chairman and CEO of PNC Financial Services Group, served on the Fed's Board of Directors in Cleveland from 2008-2010. PNC received $6.5 billion in low-interest loans from the Federal Reserve during the financial crisis.

George Fisk, the CEO of LegacyTexas Group, was a director at the Dallas Federal Reserve in 2009. During the financial crisis, his firm received a $5 million low-interest loan from the Federal Reserve's Term Auction Facility.

Dennis Kuester, the former CEO of Marshall & Ilsley, served as a board director on the Chicago Federal Reserve from 2007-2008. During the financial crisis, his bank received over $21 billion in low-interest loans from the Fed.
George Jones, Jr., the CEO of Texas Capital Bank, has served as a board director at the Dallas Federal Reserve since 2009. During the financial crisis, his bank received $2.3 billion in total financing from the Fed's Term Auction Facility.

Douglas Morrison, was the Chief Financial Officer at CitiBank in Sioux Falls, South Dakota, while he served as a board director at the Minneapolis Federal Reserve Bank in 2006. During the financial crisis, CitiBank in Sioux Falls, South Dakota received over $21 billion in total financing from the Federal Reserve.

L. Phillip Humann, the former CEO of SunTrust Banks, served on the Board of Directors at the Federal Reserve Bank in Atlanta from 2006-2008. During the financial crisis, SunTrust received $7.5 billion in total financial assistance from the Fed.

Henry Meyer, III, the former CEO of KeyCorp, served on the Board of Directors at the Federal Reserve Bank in Cleveland from 2006-2007. During the financial crisis, KeyBank (owned by KeyCorp) received over $40 billion in total financing from the Federal Reserve.
Ronald Logue, the former CEO of State Street Corporation, served as a board member of the Boston Federal Reserve Bank from 2006-2007. During the financial crisis, State Street Corporation received a total of $42 billion in financing from the Federal Reserve.

"The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG." ~ Mises.ca
Conclusion

The financial sector parasites, the banksters and their political puppets, that have historically fed on our society have never been so brazen. The looting of the public treasury is very much in the open - if anyone cares to look - and done with impunity.

This is all happening because our elected politicians do not work for the people, our elected leaders have stuck their snouts deep in the trough of power and self indulgence, representative democracy has been co-opted by big-moneyed interests and political parties represent their establishment not the people's interests.

"The lending suites that were set up for months and years, beyond the initial crisis point, were focused on how to keep banks profitable, not just how to keep them alive. The banks were able to access emergency lending facilities, or change themselves into bank holding companies overnight, to borrow at next to nothing, and if they chose, lend back to the government at a tidy profit. You didn't have to think at all to make money. And you didn't have to worry about that toxic balance sheet, because the government was going to help you grow your way out of it. They will also facilitate mergers to help decimate your competition. The money that the banks borrowed for nothing could have just as easily gone to underwater homeowners. There's nothing special about the banks except that they know the Fed policymakers personally." ~ David Dayen, firedoglake.com

Fed loans at near-zero interest rates, incestuous bailouts, secret waivers, no-bid contracts, and a failed Republic should be on all our radar screens. Are they on yours?

If not, maybe they should be.

By Richard (Rick) Mills

www.aheadoftheherd.com

[email protected]

 

[freedomordeath]