Tag Archives: Federal Reserve

My Top 10 Reasons the USA is NO LONGER under Constitutional Law

During George Bush Sr’s Presidency he uttered words similar to this in countless speeches. I am sure most folks had no idea what he was talking about at the time, but I think we are starting to see now that he was not joking around.

When the highest ranking military officer by law (General Dempsy) AND the Secretary of Defense (Leon Panetta) testify  before a US Senator that the “legal basis” for armed conflict against another nation is ANYTHING other than the US Congress, it is finally time to admit that the “conspiracy” phase of the New World Order is OVER! Oh I forgot, Cass Sunstein, Obama’s head of the Office of Information and Regulatory Affairs says there are no conspiracies.

And honestly, that’s refreshing.

Because at least now it is out in the open, and we can start focusing on the real issues instead of who will or will not be our next President. Because if the UN controls our military, what does it matter who the President is? Please, if you have not watched the above video, watch it.

These two men, General Dempsy, Chairman of the Joint Chiefs of Staff, and Leon Panetta Secretary of Defense (appointed by Obama), whom both know and swore an oath to uphold and protect the Constitution, have announced to every American citizen that our elected Congress no longer decides when or where our military is deployed, the UN and/or NATO does.

As far as I know the US Constitution has not been amended to transfer war powers to the UN or NATO, these two men simply decreed it. I say “these two men”, but that is not entirely fair. General Demsey and Leon Panetta are simply following orders… but whose orders? That’s a much more important question to answer than whether or not companies will be forced to pay for birth control; because if the Congress is now simply ceremonial, then our votes are truly meaningless.

Here is a small list of bullets, with corresponding documentation, that in my opinion, strongly suggest  a bloodless American coup has ALREADY taken place:

  • A sitting US President openly asserts, in writing, he DID NOT need to consult Congress before he took military action against Libya, he needed the UN Security Council’s permission.
  • Secretary of State Hillary Clinton openly calls for the US to support and ratify a UN Small Arms Treaty that would “federalize” gun ownership and permitting, effectively rendering the 2nd Amendment null and void.
  • The CIA and DEA caught repeatedly laundering drug money from Iran and Mexico.
  • American Express Bank, and Wachovia (now part of Wells Fargo) settled out of court, and paid millions in fines, for laundering drug money from Mexico. Money that has funded tens of thousands of deaths on the border. (Bank of America and HSBC have both been involved in laundering as well, but have not as of yet been charged.)
  • The Attorney General of the US, conspiring with the ATF in Operation Gun Runner/Fast and Furious to further restrict our 2nd Amendment rights.
  • The ATF funding studies, with your tax dollars, suggesting new regulations that would make shotguns illegal, and/or ban the importation of them.
  • The Federal Reserve conspires with the US Department of Treasury, to defraud US Taxpayer’s by sending majority of the Stimulus money to foreign banks.
  • Our elected officials have tried twice to legislate an internet “kill-switch” and/or comprehensive internet censorship.
  • A bill has just passed the House and the Senate that make protests anywhere near the presence of a designated government official a FELONY!
  • The US Senate and Congress passing the National Defense Authorization Act that has effectively removed due process and habeas corpus by allowing the US military to detain and/or kill US citizens.

Isn’t that at least half of the Bill of Rights under assault?

What else do you need to see…what further evidence do you need before you will admit the truth that our elected representatives are no longer in charge? Because we will never get to any real solutions until we can see and admit the truth.

Andy Andrews, author of How Do You Kill 11 Million People? says it more succinctly than most. He asks:

Have you ever contemplated the meaning that comes to light by inverting [the following] principle…“For you shall know the truth, and the truth shall set you free. If it is correct that “you shall know the truth, and the truth shall set you free, then is it possible that if you don’t know the truth, its absence can place you in bondage?”

If you have read your Orwell you know:

War is Peace, Freedom is Slavery, and Ignorance is Strength

It is apparent that America is in bondage to the lie that the people we have elected to conduct our affairs, in actuality, are mere figure heads at best. How now shall we proceed?

It is time to go beyond rallies and meetings. It is time for ALL liberty-minded groups to stop focusing on which federal candidate is the lesser of two evils, and to start focusing on strategies that will make North Carolina a sovereign state again.

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Filed under Constitutional Usurpations, Police State

Barron’s: US Will See Run on Treasurys, Hyperinflation

By Greg Brown, Money News

Investors in U.S. debt around the world are worryingly near a “psychological breaking point” that could force a “run on the bank” against Treasury’s.

If that happens, hyperinflation quickly follows and gold will soar much, much higher from its now record-setting levels, argues author and longtime trader Victor Sperandeo in the latest issue of Barron’s. Sperandeo has traded for many top investors including George Soros.

Read more: Barron’s: US Will See Run on Treasurys, Hyperinflation

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“SOCIAL UNREST WILL BECOME VISIBLE IN AMERICA IN 2011″

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Severe Debt Scarcity Coming to US | Alrroya

Severe Debt Scarcity Coming to US | Alrroya.

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As financial experts and US Senators predict “apocolyptic, social unrest” in the US in 2011 because of municipality bond “defaults”, Moody’s debt rating for Cleveland County Public Facilities Corporation is one step away from being downgraded from low to “medium” risk

In May/June of 2010 when Cleveland county was preparing the budget for FY 2010/2011 the following was a statement from the County Manager David Dear.

“The county unemployment rate is currently 14.3%. Retail sales have continued to decline and local housing starts are currently very depressed. Despite declining revenues, this budget focuses on maintaining overall public expenditures at current levels.”

http://www.ccncgov.com/FinanceD/budget/budget11msg.pdf

That included the issuing of $22 million in limited obligation bonds.

Julie Crawshaw from Money News reported today Dec 27th:

U.S. Senator Tom Coburn warned Americans this Sunday of an apocalyptic economic future, with Great Depression levels of unemployment and a destruction of the country’s middle class.”

Sen Coburn told Fox News that unemployment could reach 18%, and:

if we didn’t take some pain now, we’re going to experience apocalyptic pain, and it’s going to be out of our control.”

Is a perfect storm brewing just over the horizon for Cleveland county and NC?  

Greg Brown from MoneyNews.com reports:

“Meredith Whitney, the former Oppenheimer analyst whose dead-on predictions on the banking crisis vaulted her to fame, said on CNBC  that she stands by her controversial new call: Massive unrest across the country as the municipal-bond market sells off.” 

 http://www.cnbc.com/id/40769692/

Other analysts have disagreed with Whitney’s assessment, however in June of 2010 Warren Buffet agreed that a US Bond Market meltdown was on the way.

http://www.moneynews.com/StreetTalk/warren-Buffett-Municipal-Debt/2010/06/03/id/360924 

In December Alan Greenspan, who served as Fed chairman from Aug. 11, 1987 to Jan. 31, 2006, said:

“A bond-market crisis is likely unless we do something about the budget deficit,” 

Greenspan: Bond-Market Crisis Likely if Budget Deficit Ignored

In the CNBC interview, Whitney estimates that 32% of State funding is provided by the Federal Government. And the state’s in turn make up 40% of municipal [county] budgets.

Cleveland county leaders claim to run a “balanced” budget.  But if 40% of our budget comes from Raleigh, are we truly running a balanced budget?

Moody’s Aa3 debt rating for Cleveland County Public Facilities Corporation,  the issuer of $22 million dollars worth of “limited obligation”  bonds, is one level away from being downgraded from low risk  to “Medium” risk.

 ”A limited obligation bond, or revenue bond, differs from a general bond in that a limited obligation bond is not linked directly to a municipality’s tax revenue.  Limited obligation bonds are payable from the facility for which the bond was originally issued.”

Cleveland county formed the Cleveland County Public Facilities Corporation to issue $22 million in limited obligation bonds to build the LeGrand Center at Cleveland Community College, and the new Shelby Middle School.

Why a limited obligation fund? Because Cleveland county did not want to raise our taxes to pay for it. Instead, they opened a new credit card, under a different name, based on new ”revenue” it received from Raleigh. 

But where is Raleigh getting the money?  The Center on Budget and Policy Priorities reported on December 16th that NC’s projected budget deficit for FY 2012 is almost $4 billion.  Raleigh has a buddy that owns a printing press, called the Federal Reserve.

The $800 billion ”Stimulus Package” (properly known as the American Recovery and Re-Investment Act of 2009) is currently financing the construction of the new Shelby Middle School and the LeGrand Center. http://www.ncrecovery.gov/opportunities/recoveryzoneBonds.aspx

 So the Fed’s print the money and give it to the states, and the states doll it out to the counties. Cleveland county created the Cleveland County Public Facilities Corporation to issue $22 million in bonds with stimulus money; what’s the problem? 

The problem is the Stimulus money runs out in June of 2011.

The Daily Beast reported in December about NC’s fiscal status:

“Like so many other states, North Carolina is finding it tough to pay for its health care system for low income residents, and that could lead to unpaid time off for state workers. The state could find itself on the hook for $500 million in Medicaid if federal funding isn’t renewed.

NC Senator Linda Garrou-D Forsyth said:

“I would hope (we won’t have furloughs), but I would not be surprised,” 

Sen. Garrou-D-Forsyth is co-chairwoman of the Senate’s budget-writing Appropriations Committee.

http://www2.journalnow.com/news/2010/jun/06/battle-of-the-budget-begins-ar-253466/

Ironically, Mrs. Garrou’s husband, John Garrou, C0-Chairs NC’s Legislative Commission on Global Climate Change.

Funding bills have been introduced for the Legislative Commission on Global Climate Change that include:

  • H 1803/S 1224, Study NC Programs that Impact Environment.
  • H 1804/S 1225, Energy Policy Council Green Energy Study.
  • H 1805/S 1222, Funds to Assess/Monitor NC Climate Change.
  • H 1806/S 1221, Establish NC Commission on Climate Change.
  • H 1807, Supporting Comprehensive Federal Climate Change Legislation.
  • H 1808/S 1223, NC Climate Adaptation Strategy.
  • H 1809/S 1220, Study Carbon Offsets and Carbon Sequestration.

http://www.nccouncilofchurches.org/2010/05/short-session-convenes-senate-adopts-budget-in-record-speed/

When the states start lining up for their bailouts, and the Federal Reserve begins printing trillions of more dollars in state bailouts, higher inflation is inevitable. Does Cleveland county have a plan in place if  high inflation ensues, and staple items at the grocery store and gas pump start rising dramatically? Or for the increase in public assistance that would be needed if the biggest employer, State Employees, have to be furloughed?

In March 2010 David Dear submitted a report that stated:

It is expected that the State of North Carolina will have an approximate $1 billion shortfall. The shortage at the state level will determine what other mandates will be sent down to counties.”

 http://www.clevelandcounty.com/governing/minutes/minutes03252010.pdf 

If Mr Dear is concerned about “shortages” from Raleigh at a $1 billion state deficit, what will the ”shortages” look like with a $4 billion deficit as The Center on Budget and Policy Priorities has estimated? To quote Mr. Dear, “What other mandates will be sent down to counties”  from Raleigh?  Furlough’s?  Benefit cuts?  Medicaid cuts?  Releasing prisoners from jail early like California is? Retirement Plan cuts?  Social Unrest?

http://www.cbpp.org/cms/?fa=view&id=711 

Gaspee Gazette attempted to contact Mr. Dear to comment on this story by email and phone.  As of the publishing date he has not responded.

Are the citizen’s of Shelby, and Cleveland county ready for some truth…or are we going to continue pretending that none of this exists? That this is America, and it can’t happen here.

http://www.redstate.com/gaspeegazette/2010/12/28/as-financial-experts-and-us-senators-predict-apocolyptic-social-unrest-in-the-us-in-2011-because-of-municipality-bond-defaults-moodys-debt-rating-for-cleveland-county-public-facilities-cor/

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New U.S. Treasury report showed Tuesday the government’s liabilities increased another $2 trillion in 2010: US debt exceeds assets by $13.473 trillion

Story from Money News

http://www.moneynews.com/Headline/USLiabilitiesRise2TrillionasDebt-BenefitsSoar/2010/12/22/id/380667?s=al&promo_code=B58B-1

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Did you think the financial crisis in Europe was over…think again.

This originally from AP, I read on The Blaze and the WSJ:

Four of the 16 Eurozone governments have been warned or had their credit ratings ”Downgraded” by Moody’s and Standard & Poor this week alone: Spain, Greece, Belgium and Ireland.

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Is The Turning Point Upon Us?

If you add to Mr Jin’s equation that Europe’s meltdown is continuing, and that several states in the US are also facing meltdown, I would have to answer yes.

Is The Turning Point Upon Us?.

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CNBC: “The goal of Chairman Bernanke and the Federal Open Market Committee was to monetize the growing U.S. debt and generate future inflation.

Wow I actually agree with CNBC for a change.

Chairman Bernanke

http://www.cnbc.com/id/40664581

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Producer Price Index had its biggest gain since March, now up 3.5% for the year.

The Fed is not worried though because the Producer Price Index includes items whose prices are far too volatile: items like food and energy. Relax. You can trust the feds.

http://blogs.forbes.com/greatspeculations/2010/12/14/hard-to-take-inflation-data-with-a-straight-face/

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