The Fed is Making a Killing on Banking Crisis
Henry Makow Ph.D.
Tuesday, September 23, 2008
The price tag for bailing out the US financial system may exceed $1.3 trillion dollars.
The purchase price for the two mortgage lenders, and Bear Stearns and AIG is over $300 billion. The assumption of the bad loans held by the banks may cost an additional one trillion dollars.
If the US Treasury created its own money, this might be bearable. But last I heard the system of money creation has not changed. I’m not an economist but it seems that the Fed is making a killing on our banking woes. The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.
So while it looks like the Fed is riding to our rescue, in fact it is doing a brisk business. And the US is falling so far into “debt” that political independence is a thing of the past.
The central bankers appear to be trying to fend off a Depression. Perhaps they want to postpone the financial breakdown for reasons of their own. As a friend said, “I guess they want their bomb to explode after the election.”
If we see the Treasury as merely a front for the Fed, then the country seems to be increasingly owned by the foreign central banking cartel. A form of Communism (i.e. state ownership) is being created in response to a manufactured crisis. Formally the state will own this property, but the Illuminati bankers control the state.
SVALI
At this time, it is important to be aware that an Illuminati defector known as “Svali” said she was taught that the “end of the world” scenario involved an economic collapse. Remember the Illuminati is a Masonic cult founded and funded by the central bankers who own the Fed. Here is her full testimony given about ten year ago.
“Want to hear the end of the world scenario the Illuminati taught me? It was cult
propaganda, but this is how they believed the New Order would be ushered in:
There will be continued conflict in the Mideast, with a severe threat of nuclear
war being the culmination of these hostilities. An economic collapse that will devastate the economy of the US and Europe, much like the great depression.
One reason that our economy continues limping along is the artificial supports
that the Federal Reserve had given it, manipulating interest rates, etc. But one
day, this won’t work (or this leverage will be withdrawn on purpose) and the next
great depression will hit.
The government will call in its bonds and loans, and credit card debts will be called in. There will be massive bankruptcies nationwide. Europe will stabilize first,and Germany, France and England (surprise) will have the strongest economies, and will institute through the UN an international currency. Japan will also pull out, although their economy will be weakened.
Peacekeeping forces will be sent out by the UN and local bases to prevent riots. The leaders will reveal themselves, and people will be asked to make a pledge of loyalty during a time of chaos and financial devastation.
Doesn’t sound pleasant, does it? I don’t know the exact time frame for all of this,
and wouldn’t want to even guess. The good news is that if a person is debt-free,
owes nothing to the government or credit debt, and can live self sufficiently, they
may do better than others. I would invest in gold, not stocks, if I had the income.
Gold will once again be the world standard, and dollars will be pretty useless
(remember after the Civil War? Our money will be worth about what confederate
money was after the collapse).
All this said, it could just be cult propaganda taught to me and others to frighten
us. It may be that none of this will happen. I sincerely hope not. I also strongly
believe that God is able to stay the hand of the wicked, and to take care of our
nation and others, if we turn to Him.”
That noted, let’s remember the words of Denis Healey, former British Defence Secretary and Secretary of the Exchequer: “World events do not occur by accident: They are made to happen, whether it is to do with national issues or commerce; and most of them are staged and managed by those who hold the purse strings.”
CONCLUSION
I think we are in for a recession, maybe even a Depression but I don’t think the Illuminati is ready to declare their New World Order just yet. However, this could be part of a larger scenario leading to World War Three, similar to the role the Great Depression played as a precursor to World War Two.
The Illuminati goal is to torture the human race until we cry out to them for world government, anything to stop the pain.
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U.S. Troops In Homeland “Crowd Control” Patrols From October 1st
3rd Infantry Division’s 1st Brigade Combat Team returning from Iraq for homeland patrols to help with “civil unrest” and “crowd control,” training in use of non-lethal weapons
Paul Joseph Watson
Wednesday, September 24, 2008
U.S. troops returning from duty in Iraq will be carrying out homeland patrols in America from October 1st in complete violation of Posse Comitatus for the purposes of helping with “civil unrest and crowd control” - which could include dealing with unruly Americans after a complete economic collapse.
This shocking admission was calmly reported on September 8th by the Army Times website, which reports that from the beginning of next month the 3rd Infantry Division’s 1st Brigade Combat Team “Will be under the day-to-day control of U.S. Army North, the Army service component of Northern Command, as an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks.”
The article notes that the deployment “marks the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.”
The purpose of the unit’s patrols includes helping “with civil unrest and crowd control or to deal with potentially horrific scenarios such as massive poisoning and chaos in response to a chemical, biological, radiological, nuclear or high-yield explosive, or CBRNE, attack.”
The unit will be on homeland patrol for at least 20 months before returning to Iraq or Afghanistan in early 2010, according to the report.
Training for homeland operations has already begun at Fort Stewart and at Peterson Air Force Base in Colorado Springs.
Ominously, the report states that, “The 1st BCT’s soldiers also will learn how to use “the first ever nonlethal package that the Army has fielded,” 1st BCT commander Col. Roger Cloutier said, referring to crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them.”
The unit would also be deployed to deal with hostile crowds of Americans in the aftermath of a massive economic depression, potential food riots and race riots, if one defines the term “crowd control” to match its reasonably applicable scenarios.
The open admission that U.S. troops will be involved in law enforcement operations as well as potentially using non-lethal weapons against American citizens is a complete violation of the Posse Comitatus Act and the Insurrection Act, which substantially limit the powers of the federal government to use the military for law enforcement unless under precise and extreme circumstances.
Section 1385 of the Posse Comitatus Act states, “Whoever, except in cases and under circumstances expressly authorized by the Constitution or Act of Congress, willfully uses any part of the Army or the Air Force as a posse comitatus or otherwise to execute the laws shall be fined under this title or imprisoned not more than two years, or both.”
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Under the John Warner Defense Authorization Act, signed by President Bush on October 17, 2006, the law was changed to state, “The President may employ the armed forces to restore public order in any State of the United States the President determines hinders the execution of laws or deprives people of a right, privilege, immunity, or protection named in the Constitution and secured by law or opposes or obstructs the execution of the laws of the United States or impedes the course of justice under those laws.”
However, these changes were repealed in their entirety by HR 4986: National Defense Authorization Act for Fiscal Year 2008, reverting back to the original state of the Insurrection Act of 1807.
The original text of the Insurrection Act severely limits the power of the President to deploy troops within the United States.
For troops to be deployed, a condition has to exist that, “(1) So hinders the execution of the laws of that State, and of the United States within the State, that any part or class of its people is deprived of a right, privilege, immunity, or protection named in the Constitution and secured by law, and the constituted authorities of that State are unable, fail, or refuse to protect that right, privilege, or immunity, or to give that protection; or (2) opposes or obstructs the execution of the laws of the United States or impedes the course of justice under those laws. In any situation covered by clause (1), the State shall be considered to have denied the equal protection of the laws secured by the Constitution.”
Is the Bush administration and Northcom waiting for such a scenario to unfold, an event that completely overwhelms state authorities, before unleashing the might of the U.S. Army against the American people?
The deployment of National Guard troops to aid law enforcement or for disaster relief purposes is legal under the authority of the governor of a state, but using active duty U.S. Army in law enforcement operations inside America absent the conditions described in the Insurrection Act is completely illegal.
With the promise of an “October surprise” on behalf of Bin Laden and Al-Qaeda being bandied about by the media and the potential for civil unrest should a complete collapse of the U.S. economy unfold, the presence of U.S. troops inside America, returning fresh from kicking down doors, arresting “insurgents” and taking them to internment camps in Iraq, should put Americans on alert and provoke urgent questions about the legality of U.S. Army units engaging in law enforcement operations against American citizens.
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