PUBLIC NEED TO KNOW:
Hopefully this will be the aborting of the scheduled take-down of
the United States Dollar backed by Durham (Intl. Ltd;)Holding Trust,
Tias 12087. It is unfortunate Mr. W.J. Clinton, Robert Rubin, Timmothy
Giethner, Alan Greenspan, G.H.W. Bush, G.W. Bush, James Brady III, the
U.S. Treasury, Bank of England, U.S. Federal Reserve Bank, World Bank,
International Monetary Fund, World Trade Organizations, Al Gore using
The Enviormental Protection Agency, the United Nations and etals for
such a horrific violation of HUMAN RIGHTS creating global wars to cover
their rumps as explained below. V.K. Durham, CEO, Durham Holding Trust
Tias 12087
=========================================================================================================
ABORTING THE "END GAME" OF The Treasury officials playing the bankers'
secret End Game was Larry Summers. Today, Summers is Barack Obama's
leading choice for Chairman of the US Federal Reserve, the world's
central bank. If the confidential memo is authentic, then Summers
shouldn't be serving on the Fed, he should be serving hard time in some
dungeon reserved for the criminally insane of the finance world.
The memos are authentic. http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/#more-8455
Which confirms CEO, V.K.Durham, Durham (Intl. Ltd;) Holding Trust,
Tias 12087 [including why those involved denied the marriage of V.K.
Durham and Russell Herman][they forged the wrong signature i.e., Russell
Herman's] that which is contained herein.
The following article posted by VeteransTodayNews.com was in error
in some vital information to which corrections are made by the CEO,
V.K. Durham, Durham (Intl. Ltd;) Holding Trust, Tias 12087.
Sunday, November 11, 2012
link to beforeitsnews.com
http://www.veteranstoday.com/2012/01/28/heres-the-deal-fixing-america/
http://wtsnb.blogspot.com/
CORRECTIONS to the above article:
From: "V.K.Durham" < v.k.durham@comcast.net>
To: "V. K. Durham" v.k.durham@comcast.net,
Sent: Friday, September 13, 2013 8:50:00 AM
Subject: THE TRUTH ABOUT 9/11, WHAT IS BELIEVED TO BE MR. PUTIN'S "PUT UP OR SHUT UP" POSITION; IT'S ALL ABOUT MONEY!
Fellow "victims" of this financial nightmare corruption imposed on
the global community of mankind which includes Americans also; It is
believed based on the information contained formerly made public by
VeteransTodayNews November 11, 2012 article the true reason Obama and
Putin, China and others are jousting over Syria which is a portion of
the Mid East as we are aware which is all over money! Money directly
connected with the 1991 Banking Frauds. Russia's involvement? TERM OF
CONTRACT 10 YEARS scheduled to pay out on or about 9/11/01.
** There was involvement, at that time with a HAMILTON & HYUN
Investment Corp. (Korean) further involved with USSR GOVERNMENT LOAN
FACILITY, TRANSACTION CODE - TBC: 11AM/WS/9102 further identifying;
1. Prime Minister of Yakutsko, Mr. K. Ivanov,
2. Deputy P.M. of Yakutsko, Mr. D. Popov,
3. Bank of Foreign & Economic Affairs, Moscow, Mr. E. Sadovsky,
4. Prodintor for Yakutsko (Buying Arm), Mr. Ermilin.
If I am reading these transactions carefully [I've been at this
since 1962] this latest show of backside of the U.S. Corporate Executive
indulging in calling Mr. Putin a Jackass and a Dick.. was brought on by
the position of Russia, China and other Mid East Nations telling Mr. O.
to pay up or shut up regarding all the Financial Espionage, Financial
Aggression, Financial Frauds and Global Economics Crisis brought about
by the 1991 $240 Billion Dollars [two $120 Billion's, one aimed at the
Japanese Yen the other through the Deutch Mark, both used by the U.S.
Federal Reserve banking to bring down the U.S. Dollar. Why? The
Federal Reserve Bank's "receivership" on the united States was running
out. The Council on Foreign Relations containing such members as G.H.W.
Bush, William J. Clinton and many other recognizable names
[representing the U.S. HOUSE and SENATE] was to foam the runway so to
speak with the Global Banking of the IMF and WB.
These GLOBAL SETTLEMENTS are part of the Keys to all of this! Why
do you think the DINAR has not paid? Why do you think none of the other
victim nations currency has been RV'd or Revalued?! Putin simply said
[in essence] the world is tired of the Federal Reserve's funny money..
Our Gold Reserves were stolen. Other nations Gold Reserves were stolen
and we would not have known about it has the representatives of the
White House, Timmothy Giethner, Jamie Diamon and etals offered V.K.
Durham, CEO, Durham (Intl. Ltd;) Holding Trust, Tias 12087 $40 Billion
Dollars Gold Bullion if she would underwrite the two $120 Billion Dollar
Transactions [$240Billion total] of the 1991 Transaction. V.K. Durham,
CEO agreed to accept with the caveat emptor "all the gold bars must be
core drilled, assayed, recertified and delivered to Durham's Bank of
Choice."
That was when China, Russia and the entire world discovered their
Gold reserves were nothing more than gold plated tungsten. I stand by
my statement: Mr. Putin put it to Mr. Obama "pay up or shut up"
regarding this Black Ops Syrian Situation.
Friday, 13-Sep-2013 06:35:08 Benjamin Fulford interviewed by Aaron
Wilson on 9/12/13 appears to have knowledge of what is contained in V.K.
Durham's, Thursday, September 12, 2013 corrections of information
formerly made public by VeteransTodayNews November 11, 2012 article to
which I responded with corrections view BF Video http://youtu.be/70nI1gwxAHI
--------------------------------------------------------------------------------
From: "V.K.Durham" < v.k.durham@comcast.net>
To: "V. K. Durham" < v.k.durham@comcast.net>, "Veterans Network" < gm@veteranstodaynetwork.ccsend.com>
Sent: Thursday, September 12, 2013 7:38:42 PM
Subject: Sunday, November 11, 2012. VETERAN'S TODAY NEWS ARTICLE
"CORRECTIONS" IN RE: PROJECT HAMMER, RUSSELL HERMAN INVOLVEMENT WITH
BUSH OPERATION OF DESTRUCTION OF PAPER TRAILS 9/11/01
Statements need correction. Russell Herman owned no part, nor
participated in any 1991 Transactions involving G.H.W. Bush and others.
Herman's name is not contained nor evidenced on any "Collateral
Property." See: DOCUMENTATION/VALIDATION OF
Durham (Intl. Ltd;) Holding Trust, Tias 12087 Documents of Recorded Record http://www.theantechamber.net/Vk2009/DocumentationValidation.htm
This comes from the parallel "Project Hammer" of the Bush
transaction stating: These Russian loans were facilitated by Enron,
starting in August of 1993, and very possibly were part of the Project
Hammer takeover of Soviet industry.
In regards to Project Hammer see: HOW DID "PROJECT HAMMER" GET IT'S NAME? http://portland.indymedia.org/en/2013/06/423875.shtml
In all fairness; Not a single man involved in all of this Banking
fiasco wants anyone to know "A Woman Controls the Bonus Commodity
Contract 3392 and Certificate of Indebtedness of Peru, May 1, 1875.
Number 181 which is held in Trust."
In regards to the articles statements.. here are the account numbers and aba's of the banks involved.
THE COMMODITY CONTRACT BONUS 3392-181 is; A Duly Constituted
Sovereign Commodity Contract of the Republic of Peru of April 27, 1875,
sold in the United States May 1, 1875 it is a DEBT of the United States.
December 2, 1989. Document Recorded of Public Record in it's
requirement of TWO SIGNATURES & TWO SEALS "regarding transferring of
any of the 24% GOLD COLLATERAL INTEREST IN COSMOS SEAFOOD ENERGY
MARKETING LTD;. The 24% interest GOLD COLLATERAL accrued on BONUS
3392-181 taken out of COSMOS SEAFOOD ENERGY MARKETING, LTD. This was at
the NOTICE of Chief of Operations, Fraud Division, Chief Gammlesgarrd
informing the Corporate Officers, Russell Herrman and V.K. Durham "TOO
MANY COSMOS CORPORATIONS were pretending to be "Us."
1991. Sept. 12. A transaction consisting of 120B$ GOLD was put down
through TRANS TECH INTERNATIONAL at this address MOSHAV YISHI 68,
ISRAEL.
This Israel operation took this down through :001 & :002 (U.S.
DEPT OF THE TREASURY & U.S. FEDERAL RESERVE BANK) in 30 BILLION
DOLLAR USD INCREMENTS.
A. This involved the JAPANESE YEN and DUTCH MARK
a. TRANSACTION CODE: 091291/JY/USD/30B/001 [001 UST] and 091291/DM/30B/002 [002 Federal Reserve Bank]
"four of these transactions went down."
b. Provisions of the Agreement(s) (not signed or authorized by the
Signatories of Bonus 3392-181) "Transactions to continue until the U.S.
DOLLAR WAS EXHAUSTED." (Interpol has the Agreement, and the PAYOUT
ORDERS on these transactions) (as does the U.S. Security Exchange,
Washington, DC Offices), and
c. TERM OF CONTRACT 10 YEARS scheduled to pay out on or about 9/11/01.
** There was involvement, at that time with a HAMILTON & HYUN
Investment Corp. (Korean) further involved with USSR GOVERNMENT LOAN
FACILITY, TRANSACTION CODE - TBC: 11AM/WS/9102 further identifying; [02
Federal Reserve Bank]
1. Prime Minister of Yakutsko, Mr. K. Ivanov,
2. Deputy P.M. of Yakutsko, Mr. D. Popov,
3. Bank of Foreign & Economic Affairs, Moscow, Mr. E. Sadovsky,
4. Prodintor for Yakutsko (Buying Arm), Mr. Ermilin.
PAYORDER'S on THE DEUTCH MARK and JAPANESE YEN (EACH); PROVIDERS TRANSACTION CODE: 09/1291/DM/USD/30B/002;
09/1291/DM/USD/30B/001 [Dutch Mark/US DOLLAR through UST]
and 09/1291/JPY/USD/30B/001 [Japanese Yen/US DOLLAR through UST]
and 09/1291/JPY/USD/30B/001 [Japanese Yen/US Dollar through UST] and
09/1291/DM/USD/30B/002 [Dutch Mark/US Dollar through Federal Reserve]
to which the payorder identifies the following accounts:
THE SECOND PARTY (ref: pg. 1)
Name: Trans Tech International
Address: Moshav Yishi 68, Israel
Represented by: Jonathan Tiede
BONUS BANKING (ref. pg. 3):
Bank Name: Security Pacific Bank
Address: 26929 102 NW
Stanwood, WA 98292
Routing ABA: 125000037
Account No. 1530113241
Bank Officer: Don Swanson
Phone No. (206)629-2141
JAPANESE YEN PROVIDER BANKING COORDINATES (ref:pg. 3):
Bank Name: Chase Manhattan Bank, NYC, New York
Address: Main Office
Account Name: DFG, Inc-Palm Springs Stars Baseball Club, Inc.
(** DFG, Inc-Palm Springs Stars Baseball Club, Inc, associated
through NEAL BUSH, NSA, NASA & HUDD -JACK KEMP, NICHOLAS BRADY, ALAN
GREENSPAN, ARIEL LIFE SYSTEMS affiliated with NASA.)
Routing ABA: 0210-0021 F/A GOLDMAN SACHS A/C 930-1-011-/183,
Account No. FCC TO DFT, INC. A/C 027-020882039
Federal Tax Id: 33-0457266
Transaction Code: 09/1291/DM/USD/30B/002
SECURITY CODE: CSEMLTDRHVKDJFDPGC3392-181
US DOLLAR PROVIDER BANKING COORDINATES (Ref:pg. 4)
BANK NAME: CHEMICAL BANK
Address: 55 Water Street
New York, NY
c/o Sherson Lehman Brothers
Account No: 02100128 for the account number 066027209
Further credit to Daryl Pennington & Assoc.
Account No. 673155413201
COSMOS SEAFOOD ENERGY MARKETING LTD:-181 BANKING COORDINATES
Federal Tax ID:S 88-02443380
Corp. ID No. 1707-85
Bank Name: Boatman's National Bank of Belleville, IL
Address: 23 Public Square
Belleville, Illinois
Routing ABA: 081001413
Account No. 011503029697-0407 Russell Herman & V.K. Durham as individuals
***Note No. 1. All four transactions went down through the same
Banks & Brokerage Houses facilitated by the U.S. Dept. of the
Treasury (001) and the U.S. Federal Bank (002).
Note No. 2. November 18, 1991; V.K. DURHAM was ordered off the
BOATMEN'S BANK ACCOUNT by THE DEPARTMENT OF HEALTH AND HUMAN SERVICES
(?) Even though, Mr. Herman gave written letter stating "HE WAS GOING
BLIND" and "could not see to do his banking and other business affairs".
Note No. 3. V.K. DURHAM was subsequently, as of June 1992,
identified in the DEPARTMENT OF HEALTH AND HUMAN SERVICES AS "DECEASED."
http://www.theantechamber.net/V_K_Durham/TexasTwoStep7.html
=============================================================
OCTOBER SURPRISE
(aborted?)
By V.K. Durham
10/27/04
This has most certainly been an 'unusual' year with the 'planned'
collapse of the U.S. Treasury and U.S. Fed. R. Banking Systems and the
"taking of the global banking, financing and economics hostage with
fabricated-forged financial instruments backed only by the forged
signature of a murdered man.
This HEDGE FUND (Counterfeit Bonus Certificate 3392-181) OCTOBER
SURPRISE collapse of the U.S. Treasury & U.S. Fed. R. Banking
Systems was planned by the Council on Foreign Relations during the
Clinton Administration with the 'authorizing of the agreement' by
Lawrence Sommers, Former Goldman Sachs Rubin Sec. of Treasury currently
with CITIGROUP-CitiBank, and Russell Munk of the U.S. Treasury, and Alan
Greenspan of the U.S. Fed. R. These are the individuals who are being
blackmailed in the PUBLIC NOTICE at
http://www.theantechamber.net/VkDocuments/DocGroupG/Gpage4.html .
CLINTON'S HEDGE FUND & JUNK BOND dealer Mark Rich along with the
investigations involving CitiGroup's CITI-BANK dealings with CHINA,
JAPAN etc has caused quite a furor within THE ORGANIZATION OF AMERICAN
STATES who have, along with Russia, China, Cuba etc decided "They can no
longer allow their Central Banks to deal with the U.S. Banking Systems
of the U.S. Fed. Government due to the CORRUPTION & ORGANIZED CRIME
throughout the entire system which is interfering with, and attempting
to take over THE INFRA STRUCTURES of the NATIONS involved in the OAS."
The Central Banks involved in this 'No longer supporting the U.S.
Dollar" such as China, Russia etc., found themselves confronted holding
WORTHLESS BANKING PAPER in the form of $400 Trillion Dollars "U.S. DEBT"
COUNTERFEIT FABRICATED Bank Instruments which, believe it or not goes
all the way back to 1991-93 then the Blackmailing begins in 1997-98 and
the Banking commences going through HELLENIC EXPRESS INTERNATIONAL LTD. a
Greek Registered Corporation also registered in Nevada owned by E.J.
Ekker and a Doris J. Eloise - Ekker formerly from Texas, Tehachapi Cal.,
Las Vegas NV and currently MAKITA CITY PHILIPPINES which tied in with
the IRAN BANKING then on to SAUDI BANKING SYSTEMS and on to CHINA,
JAPAN, RUSSIA and so forth.
POSSIBLE "CIA FLU"..read
http://www.nationalenquirer.com/stories/feature.cfm?instanceid=62632
... Its possible; CENTRAL BANKS refusing to deal with U.S.
DOLLAR...knowing many of them were on a SNIPE HUNT holding the BAG on
close to $400 Trillion Dollars in what they thought were U.S. DEBT
DERIVATIVES , HEDGE FUNDS along with a few JUNK BONDS... Remember; THIS
ALL WAS AUTHORIZED BY THE CLINTON ADMINISTRATION & THE COUNCIL ON
FOREIGN RELATIONS1997-98.
U.S. Security Exchange Commission Chairman William Donaldson
(Bloomberg.com) won his fight to extend SEC oversight to hedge funds,
passing regulations opposed by the $866 billion industry and his two
Republican commissioners.
The SEC Orders Hedge Funds to Register (Oct. 26, 04) under a new
Rule approved on Tuesday in a 3-2 vote by the market-policing agency.
This should effectively STOP the OCTOBER SURPRISE by acknowledging
this alleged external U.S. DEBT OF $400 TRILLION DOLLARS is 98% FRAUD
fabricated back in 1997-98 in the GUILARMI HOTEL in Makita Philippines.
What was intended by the
http://www.billionaireboysclub.com
or http://www.google.com/search?as_q=&num=50&hl=en&ie=ISO-8859- 1&BtnG=Google+Search&as_epq=BILLIONAIRE+BOYS+CLUB
(TYPED IN) "BILLIONAIRE BOYS CLUB" and see what you get. The CLINTON
DEMOCRATS and COUNCIL ON FOREIGN RELATIONS fully intended to take down
the U.S. Banking and the Presidency via the JUNK BONDS & HEDGE FUNDS
in CHINA'S BANKING should be successfully neutralized or we are hoping
this is the instance, and further explained in the 285 page FBI
investigation papers recently exposed on
http://www.rumormillnews.com
"DISCOVERED PAPERS: HANOI DIRECTED KERRY!!!"
( http://www.rumormillnews.com/cgi-bin/forum.cgi?read=57877
which can be also accessed at
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=57946
article by PRAVDASEEKER Tuesday, 26, October 04.
Can we be assured the OCTOBER SURPRISE IS ABORTED? I can only say at this time: Its going to be nip and tuck.
Thanks to the men and women and Little Fox's at globemaster for
"monitoring" my phones and computers. Hopefully WE GOT THE JOB DONE.
V.K. Durham, CEO
http://www.theantechamber.net/V_K_Durham/OctSurpriseAbort.htm
-------------------------------------------------------------------------------------------------------------------------------
FINAL "INTERNATIONAL BANKING, FINANCING & ECONOMIC "HOSTAGE" TAKE DOWN
(read: http://www.theantechamber.net/V_K_Durham/AbusingTheCodeOfSilence.html and listen to both recordings)
By: V.K. Durham
THE WORLDS BIGGEST TRIPLE CROSS came into full play when THE U.S.
FED. R./US TREASURY cut a deal with GLOBAL ALLIANCE INVESTMENT
ASSOCIATION, E.J. Ekker and Doris J. (Eloise) Ekker to "Fabricate" the
BONUS CERTIFICATE 3392-181 "Counterfeit Prime Bank "Gold" Collateral
Instruments" which was not to be interfered with by THE COUNCIL OF
FOREIGN RELATIONS. The evidence is at http://www.theantechamber.net/VkDocuments/DocGroupG/Gpage4.html . It is suggested you read the MEMORANDUM.
The Al Quad has since become a global "hate the U.S. organization"
all operating under the same Al Quad, but under sound alike (idem
sonans) names such as The Al Qaeda, The Al Quayeda, ALL KADA, MLIF, Abbu
Sayeff and on down.
DEALING WITH NATIONS UNDER SANCTION; THE FIRST "TRIP(s)" 1997-98
made by Rick Martin (the one to whom Russell Herman allegedly assigned
his interest") was as a JOURNALIST FOR THE "CONTACT NEWS PAPER (one of
its many names) to IRAN, LYBIA, BRUNEI,INDONESIA, MALAYSIA, S. AFRICA
etc to "THE AL QUAD" members.
THE GAIA OPERATION-EKKER'S TOOK THEIR ASSIGNMENT WITH THE AL QUAD
"14 years prior to 1998." This is their published statement, not mine.
CHAPTER EIGHT listed at http://www.theantechamber.net/V_K_Durham/ChapterEight.html
tells it all. [Our President "bows" to the King of Saudi Arabia,
after] they "took a bullet to the ears of Congress" which, in essence is
BUYING OF CONGRESSIONAL SILENCE through Bribery, Coercion,
Intimidation..to cover up the "murder" of U.S. Coast Guard/U.S. Naval
Intelligence/U.S Treasury Agent, CEO of Cosmos Seafood Energy Marketing,
Ltd; Russell Herman.
The evidence is documented in the form of PHOTOS of his body taken
by THE CORONER September 5, 1994. Look carefully at the photos at http://www.theantechamber.net/V_K_Durham/VkPublicNotice.html .
To this very day [09/16/13]; ALL INVESTIGATIONS are STOPPED at WASHINGTON LEVELS OF CONGRESS.
See http://www.theantechamber.net/V_K_Durham/UsHasBeenHijacked.html .
THE BANKING CARTELS now know the "quasi" U.S. Federal Reserve &
U.S. Foreign Federal Reserve Banking Systems (QUASI. A legal term which
is used in legal phraseology to indicate that one subject resembles
another, with which it is compared, in certain characteristics, but that
there are intrinsic and material differences between them) have
"operated as a FEDERAL U.S. GOVERNMENT CORPORATION, in VIOLATION of the
Acts of Congress (out of session in both instances) mandates "Must at
all times act in compliance with law."
THE FEDERAL RESERVE is neither FEDERAL, nor is it a RESERVE.
THE OBJECTIVE OF THE AL QUAD was to "get to know the Laws of the
United States, turn the law around and use it against the United
States." This is a quote from GAIA-EKKERS in public print.
THE BRETON WOOD AGREEMENT/GATT/IMF/WORLD BANK (Bank Reconstruction
Act Number One)(1945-47)was finalized. There were original members
totaling around 145 member nations. Today there are approximately 175.
Each of these nations have CENTRAL BANKS. Each Central Bank has accounts
of THE U.S. FED R. CORPORATIONS which holds approximately (1994)
$200,000,000. GOLD BULLION (Fort Knox U.S. Treasury Gold Reserve).
MULTIPLY $200,000,000. X's 175... This is where the Ft. Knox Gold
Reserves of the U.S. Treasury "went." It went into the Fed. R.
Corporations accounts in the Central Banks of these nations. This is why
THE GAO (government accounting offices) have been REFUSED to be allowed
to AUDIT the Fed. R. Banking Corporations.
MAY 21, 2003 $6.5 TRILLION DOLLAR DEBT OF THE U.S. & CONTINENTAL DEBTS WERE PAID.
TWO $6.5 TRILLION DOLLAR GOLD "EQUITY COLLATERAL" INSTRUMENTS were
issued. One for the U.S. and Continental Debt. The other for GLOBAL
HUMANITARIAN NEEDS.
THE US DEBT & CONTINENTAL DEBT PAYMENT was never credited back
to THE U.S. DEPT OF THE TREASURY. By June 16th, 2003, it was being used
to JACK UP THE STOCK MARKETS around the world.
After the acceptance of the $6.5 Trillion Debt's.. We were asked if
we would underwrite the EXTERNAL U.S. DEBT of $400 Trillion Dollars.
COUNTERFEITING and UNAUTHORIZED GOLD INSTRUMENTS have by now,
created a U.S. External Debt of approximately $858 Trillion Dollars.
[2013. $102 QUADRILLION]
NOW YOU KNOW WHAT HAS GONE ON.
The party representing CLEAR STREAM (Fed. R. operation) a Mr.
Kamalurzaman Bin Annuar..Was caught by the OTHER BANKING CARTELS with
his FED. R. BANKING SYSTEMS "CLEAR STREAM" OPERATION.
THE TRIPLE CROSS of the AL QUAD known as GAIA [ONI/UST AGENT E.J.
EKKER] was to "Fabricate the gold instruments, and take the entire
global Banking, Financial and Economics "hostage".. It is on the
recording of their meeting at the Guilarmi Hotel in Makita City
Philippines and posted at
http://www.theantechamber.net/V_K_Durham/AbusingTheCodeOfSilence.html. Open it up and Listen to the recordings.
THE FED. R. BANKING SYSTEMS entered into this agreement
http://www.theantechamber.net/VkDocuments/DocGroupG/Gpage4.html
which was intended to collapse the other BANKING CARTELS GOLD BANKS with the "fabricated" instruments.
THE OTHER BANKING CARTELS turned the entire situation around ON THE
FEDERAL RESERVE BANKING SYSTEMS. In other words "THEY REVERSED THE
CHARGE/ACTIONS" and let it fall on the U.S. Fed.R./U.S. Treasury.
Snow Requests Meeting With Fed
(Conspiracy Nation, 3/17/04) -- According to a report at The Daily
Reckoning web site (www.dailyreckoning.com), Treasury Secretary John Snow
has apparently requested a meeting with all 12 "Federal" Reserve governors.
("Standing On Tiptoes and Using the Hubble Telescope -- Where's the Value?"
by Richard Daughty)
Daughty is uneasy, and wonders, "What are they up to?" This sudden meeting
"cannot be good news, and you can take it to the bank, no pun intended, that
they are going to cook something up to screw us over, in spades, as they have
no options left," warns the "Mogambu Guru."
The Daily Reckoning is one of several economically oriented web sites
tending to have gloomy assessments about the U.S. and global economy. Few,
if any, business web sites are very optimistic these days, but reports from
the independent analysts are especially blunt.
Wondering about the sudden Snow/Fed meeting, Daughty gives informed speculation
as to what it's about: Is there concern that foreign countries will decide not to loan the
U.S. more money?
Is Japan about to curtail her purchases of U.S. dollars?
Is it that Fannie Mae is over $900 billion in debt?
Is it because global derivatives total $208 trillion, more than 700
percent of global gross domestic product?
Is it because "US bonds, which are paying negative real interest rates,
are now so overvalued that there is no way that anyone holding American debt
can even SEE value, even standing on tiptoes and using the Hubble telescope"?
Is it about "the Peak Oil thing, which is that the oil reserves of
the world are peaking, or have peaked"?
In "U.S. Rates Chart a Course in Japanese History" (TheStreet.com), Howard
Simmons notices how the "Japanese experience with the 1980s bubble and its
subsequent collapse holds an eerie and even morbid fascination for American
analysts." In the 1980s, Japan was "the miracle economy" -- until the bubble
burst. Then, the Bank of Japan lowered interest rates to almost nothing --
to no avail. Simmons prognosticates based on U.S. parallels with 1980s-1990s
Japan that "we could see a spectacular selloff in bonds in the near future,
followed by a long and enduring descent to yields now unimaginable." Is this
part of the reason for Snow's reported sudden request to meet with the "Federal"
Reserve governors?
Is it because we are at a "turning point," according to an article in the
U.K. Independent? Is that why what looks like an emergency meeting is scheduled?
In the last two months, Bank of Japan intervention in propping up the U.S.
dollar has been especially "massive," writes Jeremy Warner. ("Outlook: The
Fed Can't Afford To Hold On Much Longer," independent.co.uk, March 17, 2004)
"The upshot of all this may be that the turning point, both for interest rates
and the currency markets, may already be quite close... The tectonic plates
are beginning to shift once more."
In February 1929, the public was not informed about a sudden secret meeting
between the Bank of England's Montagu Norman, "Federal" Reserve officers,
and U.S. Treasury Secretary Andrew Mellon. Author G. Edward Griffin surmises
that the banksters "had come to the conclusion that the [global financial]
bubble was probably going to rupture very soon." (The Creature From Jekyll
Island American Media, 1998. ISBN: 0-912986-21-2) Do you think they'd
tell us what was happening? Or would they keep things quiet and allow the
Insiders to quietly abandon a sinking ship?
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=46104
------- Conspiracy Nation. Think outside the box.
=============================================================================================
IT IS THOUGHT: THE INTERNATIONAL FINANCIAL SYSTEM IS FINISHED http://www.rumormillnews.com/cgi-bin/forum.cgi?read=46124 .
NOT SO! THERE IS THE "FORCE MAJUER"of THE ONE TIME ONLY BONUS 3392
COMMODITY CONTRACT of April 27, 1875 which "Remains in effect until
Paid" which is a DEBT assumed by the U.S. and later assumed by the FED.
R. BANKING SYSTEMS.IF THE "FIRST ASSUMPTOR FAILS"AND THE ASSUMPTION OF
"DEBT" IS ASSUMED BY A SECOND PARTY, AND THAT "ASSUMPTOR FAILS" the DEBT
FALLS BACK ON THE ORIGINAL "ASSUMPTOR"...THE "VICTIM" BANKS ARE FULLY
AWARE OF THIS "RULE" OF LAW...NO LEGISLATIVE ACT can repudiate the
CREDITOR'S POSITION. They may AVOID DEBT PAYMENT, but they cannot
ABSOLVE THEMSELVES OF THE "DEBTORS POSITION."ONLY THE CREDITOR IS IN THE
POSITION TO DECIDE WHAT TO DO WITH THE "DEBTOR POSITION." That is the
Rule of Law.HAVE A NICE DAY.Signed: V.K. Durham, CEO-Signatory of the
Durham Holding Trust aka THE CREDITOR.
===========================================================================
Larry Summers and the Secret "End-Game" Memo
In the late 1990s, the top US Treasury officials secretly conspired
with a small cabal of banker big-shots to rip apart financial regulation
across the planet. When you see 26.3% unemployment in Spain,
desperation and hunger in Greece, riots in Indonesia and Detroit in
bankruptcy, go back to this End Game memo, the genesis of the blood and
tears.
The Treasury official playing the bankers' secret End Game was Larry
Summers. Today, Summers is Barack Obama's leading choice for Chairman
of the US Federal Reserve, the world's central bank. If the
confidential memo is authentic, then Summers shouldn't be serving on the
Fed, he should be serving hard time in some dungeon reserved for the
criminally insane of the finance world.
The memo is authentic. http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/#more-8455
CRIMINAL CONSPIRACY CURRENT FINANCIAL CRISIS AND ILLEGALLY HYPHOTICATED PROPERTY; JP Morgan Chase financial crisis
Let's take a look at some maneuvering behind the scenes by former
CITIBANK officer Jamie Diamon who played the ' deceptive insider games'
by being a 'background quarterback' for CITIBANK and LaSALLE BANKING
GROUP/First Chicago Corp in Chicago.
Re: LaSalle Banking. [quote] Mr. Steans' 1987 deal to sell his
group of local lenders to Detroit-based NBD Bancorp for $250 million in
stock, at the then-unheard-of valuation of 3.3 times book value, remains
legendary. Many still recall the scene when, days after the deal was
announced, Mr. Steans received a spontaneous standing ovation at a
meeting of the Chicago Assn. of Bankers.
"Every banker in the room was penciling his own financial
statement," says Bryan Daniels, then a lender at American National Bank
& Trust and now a principal of private-equity firm Prairie Capital
L.P., an investor in Cole Taylor.
Mr. Steans jumped back into banking in the mid-1990s, investing in a
$60-million-asset Florida lender that he built to $700 million and sold
at more than four times book value in 2004 — three years before the
housing bust decimated that state's economy. Mr. Steans also ran LaSalle
National Bank in the 1970s, until it was sold to Dutch bank ABN Amro
for $82 million in 1978.
Twenty years ago, Mr. Steans launched a family foundation focused
on improving housing and education and tackling other social ills in a
single city neighborhood — North Lawndale on the West Side. The Steans
Family Foundation made more than $31 million in grants in the past
decade and has $23 million in assets.
Family matters a great deal to Mr. Steans, a father of three
successful women. In addition to Jennifer, his business partner, there's
Heather Steans, a state senator from the North Side, and Robin,
executive director of the non-profit Advance Illinois.
A Steans family office operates like a private-equity fund, managing
$725 million in investments, mostly concentrated in five holdings —
Cole Taylor, Florida-based USAmeriBancorp Inc., a Tampa, Fla.-based
mortgage servicing outsourcer, Mr. Daniels' Prairie Capital and a real
estate fund managed by Chicago-based Laramar Group.
The bank investments are clearly what energize Mr. Steans. He spends
much of his time at Cole Taylor calling the strategic shots and
scouring for deals to bulk up the $4.5-billion-asset lender's deposit
base and vault it into the informal race among mid-sized local
commercial banks to succeed the old LaSalle Bank (now part of Bank of
America Corp.) as lead business bank in town.
Mr. Steans and Cole Taylor Bank CEO Mark Hoppe have held merger
talks with troubled banks including Melrose Park-based Midwest Banc
Holdings Inc. and Chicago-based Park National Bank, according to people
familiar with the discussions. Both potential deals, which would have
roughly doubled Cole Taylor's size, foundered in part on regulators'
concerns that Cole Taylor isn't ready to deal because of its continuing
loan losses. Midwest Banc is still searching for capital, while Park
National was seized recently by federal regulators and sold to
Minneapolis-based U.S. Bank. link to www.chicagobusiness.com
AMB AMRO? - Feb 1, 2013 ... ABN Amro was nationalised following
its abortive takeover by an international banking ... Today a dutch bank
goes bust and state takes over. http://www.dutchnews.nl/news/archives/2013/02/the_netherlands_nationalises_f.php
Apr 15, 2013 ... The largest Dutch bank, ABN AMRO, defaults on
physical gold ... bank is 100% owned by the state, though as we know
states also go bankrupt.
Over the past two months, there has been a concerted action by
several institutions to bring down the price of gold and silver, even as
other central banksfrom countries such asRussia, Iran, and China
continue to accumulate the physical metal in large quantities at now
"subsidized" prices. But as stated in my previous article, in the end
the physical will win from the paper despite the fact that the paper
market is roughly 100x bigger than the physical market. For general
information the London gold market is the physical market whilst the NY
market is the paper market, where most of the manipulation takes place.
You have a big paper problem if people don't sell their gold despite
much lower prices because ultimately the shorts have to buy their
contracts back!!!! Especially if delivery is requested through the
futures and if the Comex has to call a force majeure and pays in cash
because there is not enough physical gold to meet the delivery requests
people should pay attention! In terms of silver it looks like JP Morgan
has another "Whale" in the closet because investors keep scooping up
physical silver hence why delivery times are increasing. Anyway the
market is definitely tightening, look at delivery times are doing and
look at "Force Majeures a la ABN AMRO".
What is happening to the meaning of certain well-anchored concepts following the Cyprus affair?
What is the definition of "to save": to rescue from loss; to keep
safe, intact, or unhurt; safeguard; preserve, to keep from being lost.
Well ask the Cypriots if they still think that this is true! We are
undermining the fundamentals on which the financial system is based: the
sanctity of ownership. When politicians and (central) bankers believe
they can steal your savings in order to clean up the mess they created
there is something terribly wrong! Financial institutions have a special
task in economies and therefore should act much more prudent with other
people's money. Are they? The Troika that sanctioned the confiscation
of course also supervises deposit accounts in the other European
countries! So don't exclude anything!
What is the definition of property/ownership rights: The ultimate
and exclusive right conferred by a lawful claim or title, and subject to
certain restrictions, to enjoy, occupy, possess, rent, sell, use, give
away, or even destroy an item of property. Anyway as described here
above that sanctity of an ultimate and exclusive right is being
challenged by the Cyprus situation and could have far reaching
consequences in case of other bank or sovereign defaults. Basically the
trust in the financial system has been put on a slippery slope.
Politicians and banks, the creators of money, can't be trusted any
longer (we knew this already for a long time) to safeguard and protect
your money! Anyway the banks have become the thieves! So what does that
tell you about the storage value function of money that basically is a
derivative of the trust in the financial system? source http://www.321gold.com/editorials/groenewegen/groenewegen041513.html
Jul 19, 2013. Second Dutch Bank to Follow ABN Amro, Close Gold Accounts ...
http://www.silverdoctors.com/second-dutch-bank-to-follow-abn-amro-close-gold-accounts / -
Jul 19, 2013 ... Rabobank has just followed in the footsteps of ABN
Amro which effectively ... Americans don't exactly tend to know what's
going on outside America... hehe ...
As Beurs reports (via google translate), Rabobank has given no
explanations for the move, simply stated that customers can no longer
acquire precious metals after September 1st, and will have up to 1 year
to transfer open accounts to another institution:
Rabobank grabs the slump in the gold and silver market to get rid of
accounts linked to these precious metals. It follows in the footsteps
of ABN AMRO that made possible the delivery of
physical gold and silver a few months ago. It is striking that another
Dutch bank takes a decision that the liquidity of physical gold and
silver limited.
August 1, 2013 By The Doc 9 Comments
The figure for custodial gold held at the BOE was reported by the
BOE in June to be 4,977 tonnes "at least 400,000 400-ounce bars" taken
from tour-note 2 of the new virtual tour of the gold vaults on the BoE's
website. Tour-note 3 gives us the date the information was collated as
June this year.
This compares with the figure at February 28 from the BoE's Annual
Report of the equivalent of 505,117 bars. So it appears that at least
100,000 bars have disappeared in about four months.
Is the difference of 100,000 bars a mistake? The wording suggests
not. The Bank appears to have thought that if it said in the virtual
tour, "over 400,000 bars in custody" it would be sufficiently vague to
be without meaning; but it is so much less than the figure in the Annual
Report dated only four months earlier that it is unlikely to be a
mistake.
We must therefore conclude that they meant what they said, and that
some 1,300 tonnes of gold has left the vault since March 1st!
CRIMINAL CONSPIRACY CURRENT FINANCIAL CRISIS AND ILLEGALLY HYPHOTICATED PROPERTY; JP Morgan Chase financial crisis
Many years ago my dear friend told the People of the united States:
"Ask not what your Country can do for you! Ask what you can do for your Country!
September 14, 2013 I ask of you the same asked by my friend
president John Fitzgerald Kennedy those many years ago. WHY!? Our
Country and many other Countries stand in imminent peril of being put
into Harms Way if we sit idle and do nothing about the deliberate
destruction of Global Monetary Systems created by Acts in Color of All
Law, alleging to be "clothed with federal powers" while violating the
very laws which were put into Acts of Congress, Acts of Parliament,
International Law of Nations. What are those Laws?
ASK YOURSELVES: Has there been an ongoing Federal Reserve Banking
Conspiracy involved in all of this Global Financial Hostage taking?
ASK YOURSELVES AGAIN: When will the HOUSE AND SENATE STEP UP AND DO
THEIR SWORN DUTY in regards to matters "Not in Compliance With Law?"
OR! will these PREDATORY BANKING PRACTICES be allowed to continue
Regarding the Federal Reserve and The act originally granted a charter
for twenty years, to be renewed in 1933. Fortunately for the Federal
Reserve System, this clause was amended on February 25, 1927 to extend
the act, "To have succession after the approval of this Act until
dissolved by Act of Congress or until forfeiture of franchise for
violation of law."[18
Do you have an idea as to the meaning of the crime of CONSPIRACY?
What is CONSPIRACY?
In criminal law. A combination or confederacy between two or more
persons formed for the purpose of committing, by their joint efforts,
some unlawful or criminal act, or some act which is innocent in itself,
but becomes unlawful when done by the concerted action of the
conspirators, or for the purpose of using criminal or unlawful means to
the commission of an act not in itself unlawful. Pettibone v. U. S., 148
U. S. 197, 13 Sup. Ct. 542, 37 L. Ed. 419; State v. Slutz, 106 La. 182,
30 South. 298; Wright v. U. S., 108 Fed. 805, 48 C. C. A. 37; U. S. v.
Benson, 70 Fed. 591, 17 C. C. A. 293; Girdner v. Walker, 1 Heisk.
(Tenn.) 186; Boutwell v. Marr, 71 Vt. 1, 42 Atl. 607, 43 L. It. A. 803,
76 Am. St. Rep. 746; U. S. v. Weber (C. C.) 114 Fed. 950; Comm. v. Hunt,
4 Mete. (Mass.) Ill, 3S Am. Dec. 340; Erdman v. Mitchell, 207 Pa. 79,
56 Atl. 327, 63 L. R. A. 534, 99 Am. St. Rep. 7S3; Standard Oil Co. v.
Doyle, US Ky. 602, 82 S. W. 271, 111 Am. St. Rep. 331. Conspiracy is a
consultation or agreement between two or more persons, either falsely to
ac cuse another of a crime punishable by law; or wrongfully to injure
or prejudice a third person, or any body of men, in any manner; or to
commit any offense punishable by law; or to do any act with intent to
prevent the course of justice; or to effect a legal purpose with a
corrupt intent, or by improper means. Hawk. P. C. c. 72,
Law Dictionary: http://thelawdictionary.org/conspiracy/#ixzz2esaGzmeg
Anyway lets figure out what exactly the crime is that has been
committed by the Federal Reserve Banks against the depositors or
holders of physical gold "justifying" confiscation.
Confiscation of gold in 1933 by Franklin D. Roosevelt by Executive
Order 6102. On April 5, 1933, during the Great Depression, President
Franklin D. Roosevelt signed Executive Order 6102 "forbidding the
hoarding of gold coins, gold bullion, and gold certificates within the
continental United States". Roosevelt based his executive order on the
1933 Emergency Banking Relief Act, which gave the president power to
curb gold hoarding in any "declared national emergency". The order was
rationalized on the grounds that hard times had caused "hoarding" of
gold, stalling economic growth and making the depression worse. This is
reverse psychology in my point of view, you mess up and then you blame
people that acted correctly in order to preserve their capital. The
order criminalized the possession of monetary gold by any individual,
partnership, association or corporation. Americans were forced to
surrender their gold in exchange for U.S. paper currency. So people that
had been frugal and saved had to pay for the mistakes of people that
were irresponsible, reckless and wasteful. The people that surrendered
their gold later discovered that not only would they never get their
gold back, but those paper dollars would be devalued far below the
intrinsic value of the confiscated gold ("L'histoire se repete?"). By
the way most citizens who owned large amounts of gold had it transferred
to countries such as Switzerland. But as we know the Swiss don't want
to do any business with Americans any longer! The price of gold from the
Treasury for international transactions was after the confiscation
raised from $20.67 to $35 an ounce ($587 in 2010 dollars) resulting in
an immediate loss for everyone who had been forced to surrender their
gold (how much can you trust the Government?). The resulting profit that
the government realized funded the Exchange Stabilization Fund
established by the Gold Reserve Act in 1934.
This price remained in effect until August 15, 1971, when President
Richard Nixon announced that the United States would no longer convert
dollars to gold at a fixed value (the French were exchanging all their
dollars for gold), thus abandoning the gold standard for foreign
exchange. http://www.321gold.com/editorials/groenewegen/groenewegen041513.html
When the Southern states walked out of Congress on March 27, 1861,
the quorum to conduct business under the Constitution was lost. The
only votes that Congress could lawfully take, under Parliamentary Law,
were those to set the time to reconvene, take a vote to get a quorum,
and vote to adjourn and set a date, time, and place to reconvene at a
later time, but instead, Congress abandoned the House and Senate without
setting a date to reconvene. Under the parliamentary law of Congress,
when this happened, Congress became sine die (pronounced see-na dee-a;
literally "without day") and thus when Congress adjourned sine die, it
ceased to exist as a lawful deliberative body, and the only lawful,
constitutional power that could declare war was no longer lawful, or in
session. :
Foreword to the Report states in part - on the National Emergency in the United States of America
Senate Report 93-549
War and Emergency Powers Acts,
Executive Orders and the New World Order
"Since March 9, 1933, the United States has been in a state of
declared national emergency. In fact, there are now in effect four
presidentially proclaimed states of national emergency: In addition to
the national emergency declared by President Roosevelt in 1933, there
are also the national emergency proclaimed by President Truman on
December 16, 1950, during the Korean conflict, and the states of
national emergency declared by President Nixon on March 23, 1970, and
August 15, 1971.
These proclamations give force to 470 provisions of Federal law
[hundreds more since 1973, particularly in the Clinton administration
since Jan 21, 1993]. These hundreds of statutes delegate to the
President extraordinary powers, ordinarily exercised by the Congress,
which affect the lives of American citizens in a host of
all-encompassing manners. This vast range of powers, taken together,
confer enough authority to rule the country without reference to normal
Constitutional processes.
Under the powers delegated by these statutes, the President may:
seize property; organize and control the means of production; seize
commodities; assign military forces abroad; institute martial law; seize
and control all transportation and communication; regulate the
operation of private enterprise; restrict travel; and, in a plethora of
particular ways, control the lives of all American citizens." continued
http://www.barefootsworld.net/war_ep.html
You need to read the following. Researching the re-admission of the
Southern Confederate States into the Union as sitting members of the
U.S. House and Senate.
The Confederate States of America, or the Confederacy, was the
government created by the 11 Southern states of the United States after
they seceded from the Union. The Union refused to recognize the
Confederacy. Jefferson Davis of Mississippi and Alexander H. Stephens of
Georgia served as president and vice president, respectively, of the
Confederacy. Four other slave states—Delaware, Maryland, Kentucky, and
Missouri—remained in the Union. The latter two were actually represented
on the Confederate flag, [a star for every state choosing the Xth
Amendment Right chose the X [ V.K.D.] which, like the Stars and Stripes,
featured a star for every state. http://www.factmonster.com/ipka/A0194016.html
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23,
1913, 12 U.S.C. ch. 3) is an Act of Congress that created and set up the
Federal Reserve System, the central banking system of the United States
of America, and granted it the legal authority to issue Federal Reserve
Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank
Notes as legal tender. The Act was signed into law by President Woodrow
Wilson.
For nearly eighty years, the U.S. was without a central bank after
the charter for the Second Bank of the United States was allowed to
expire. After various financial panics, particularly a severe one in
1907, some Americans became persuaded that the country needed some sort
of banking and currency reform that would,[1] when threatened by
financial panics, provide a ready reserve of liquid assets, and
furthermore allow for currency and credit to expand and contract
seasonally within the U.S. economy.
Some of this was chronicled in the reports of the National Monetary
Commission (1909-1912), which was created by the Aldrich-Vreeland Act in
1908. Included in a report of the Commission, submitted to Congress on
January 9, 1912, were recommendations and draft legislation with 59
sections, for proposed changes in U.S. banking and currency laws.[2] The
proposed legislation was known as the Aldrich Plan, named after the
chairman of the Commission, Republican Senator Nelson W. Aldrich of
Rhode Island.
The Plan called for the establishment of a National Reserve
Association with 15 regional district branches and 46 geographically
dispersed directors primarily from the banking profession. The Reserve
Association would make emergency loans to member banks, print money, and
act as the fiscal agent for the U.S. government. State and nationally
chartered banks would have the option of subscribing to specified stock
in their local association branch.[2] It is generally believed that the
outline of the Plan had been formulated in a secret meeting on Jekyll
Island in November 1910, which Aldrich and other well connected
financiers attended.[3]
Since the Aldrich Plan essentially gave full control of this system
to private bankers, there was strong opposition to it from rural and
western states because of fears that it would become a tool of certain
rich and powerful financiers in New York City, referred to as the "Money
Trust".[4] Indeed, from May 1912 through January 1913 the Pujo
Committee, a subcommittee of the House Committee on Banking and
Currency, held investigative hearings on the alleged Money Trust and its
interlocking directorates. These hearings were chaired by Rep. Arsene
Pujo, a Democratic representative from Louisiana.[5]
In the election of 1912, the Democratic Party won control of the
White House and both chambers of Congress. The party's platform stated
strong opposition "to the so called Aldrich bill for the establishment
of a central bank." However, the platform also called for a systematic
revision of banking laws in ways that would provide relief from
financial panics, unemployment and business depression, and would
protect the public from the "domination by what is known as the Money
Trust."[6]
The Act[edit source | editbeta]
The plan adopted in the original Federal Reserve Act called for the
creation of a System that contained both private and public entities.
There were to be at least eight, and no more than 12, private regional
Federal reserve banks (12 were established) each with its own branches,
board of directors and district boundaries[9] and the System was to be
headed by a seven member Federal Reserve Board made up of public
officials appointed by the President and confirmed by the Senate
(strengthened and renamed in 1935 as the Board of Governors of the
Federal Reserve System with the Secretary of the Treasury and the
Comptroller of the Currency dropped from the Board).[10] Also created as
part of the Federal Reserve System was a 12 member Federal Advisory
Committee[11] and a single new United States currency, the Federal
Reserve Note.[12]
In the Federal Reserve Act, Congress provided that all nationally
chartered banks were required to become members of the Federal Reserve
System. The Act required these banks to purchase specified
non-transferable stock in their regional Federal reserve banks, and to
set aside a stipulated amount of non-interest bearing reserves with
their respective reserve banks. Since 1980, all depository institutions
have been required to set aside reserves with the Federal Reserve. Such
institutions are entitled to certain Federal Reserve services.[13] State
chartered banks were given the option of becoming members of the
Federal Reserve System and in the case of the exercise of such option
were to be subject to supervision, in part, by the Federal Reserve
System.[14] Member banks became entitled to have access to discounted
loans at the discount window in their respective reserve banks, to a 6%
annual dividend in their Federal Reserve stock, and to other
services.[15]
Section 15 of the Act also permitted Federal Reserve banks to act as fiscal agents for the United States government.[16]
Section 25 allowed banks to establish foreign branches. Citibank became the first to do so with a branch in Buenos Aires.[17]
Subsequent Amendments[edit source | editbeta]
The act originally granted a charter for twenty years, to be renewed
in 1933. Fortunately for the Federal Reserve System, this clause was
amended on February 25, 1927 to extend the act, "To have succession
after the approval of this Act until dissolved by Act of Congress or
until forfeiture of franchise for violation of law."[18] (12 U.S.C. ch.
3. As amended by act of Feb. 25, 1927 (44 Stat. 1234)). By 1933 the US
was in the throes of the Great Depression and public sentiment with
regards to the Federal Reserve System and the banking community in
general had significantly deteriorated. Given the political context,
including the presidency of Franklin D. Roosevelt and the New Deal, it
is uncertain whether the Federal Reserve System would have survived in
its current form.
In the 1930s the Federal Reserve Act was amended to create the
Federal Open Market Committee (FOMC), consisting of the seven members of
the Board of Governors of the Federal Reserve System and five
representatives from the Federal reserve banks (Section 12B). The FOMC
is required to meet at least four times a year (the practice is usually
eight times) and is empowered to direct all open-market operations of
the Federal reserve banks.
During the 1970s, the Federal Reserve Act was amended to require the
Board and the FOMC "to promote effectively the goals of maximum
employment, stable prices, and moderate long-term interest rates."[19]
Also in that decade, the Act was amended so that the member governor
proposed by the President to be Chairman would have a four-year term as
Chairman and would be subject to confirmation by the Senate (member
governors per se each have 14 year terms, with a specific term ending
every two years) (Section 10). The Chairman was also required to appear
before Congress at semi-annual hearings to report on the conduct of
monetary policy, on economic development, and on the prospects for the
future.[20]
The Federal Reserve Act has been amended by some 200 subsequent laws
of Congress.[21] It continues to be one of the principal banking laws
of the United States.
First lets take a look a look into our past regarding JP MORGAN and
Wall Street Bankers. The report identified over $22 billion in
resources and capitalization controlled through 341 directorships held
in 112 corporations by members of the empire headed by J.P. Morgan.[
The Pujo Committee was a United States congressional subcommittee
which was formed between May 1912 and January 1913 to investigate the
so-called "money trust", a community of Wall Street bankers and
financiers that exerted powerful control over the nation's finances.
After a resolution introduced by congressman Charles Lindbergh Sr. for a
probe on Wall St. power, Arsène Pujo of Louisiana obtained
congressional authorization to form a subcommittee of the House
Committee on Banking and Currency.
Despite the fact that lead attorney Samuel Untermyer had
predetermined that no money trust would be found as part of the
Investigation because "There is no agreement existing among these men
that is in violation of the law" [1] and despite of the refusal of aid
by the Comptroller of the Currency, the failure of the Senate pass the
bill to amend section 5241 of the Revised Statutes and the lack of any
authoritative decision by the courts sustaining the committee's right to
access the books of the national banks, the Pujo Committee Report
concluded in 1913 that a community of influential financial leaders had
gained control of major manufacturing, transportation, mining,
telecommunications and financial markets of the United States. The
report revealed that no less than eighteen different major financial
corporations were under control of a cartel led by J.P Morgan, George F
Baker and James Stillman. These three men, through the resources of
seven banks and trust companies (Banker's Trust Co., Guaranty Trust Co.,
Astor Trust Co., National Bank of Commerce, Liberty National Bank,
Chase National Bank, Farmer's Loan and Trust Co.) controlled an
estimated $2.1 billion. The report revealed that a handful of men held
manipulative control of the New York Stock Exchange and attempted to
evade interstate trade laws.
The Pujo Report singled out individual bankers including Paul
Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William
Rockefeller and Benjamin Strong, Jr.. The report identified over $22
billion in resources and capitalization controlled through 341
directorships held in 112 corporations by members of the empire headed
by J.P. Morgan.[2]
Although Pujo left Congress in 1913, the findings of the committee
inspired public support for ratification of the Sixteenth Amendment in
1913, passage of the Federal Reserve Act that same year, and passage of
the Clayton Antitrust Act in 1914. They were also widely publicized in
the Louis Brandeis book, Others People's Money--and How the Bankers Use
It.[citation needed]
House of Morgan partners blamed the April 1913 death of J.P. Morgan
on the stress of testifying in the Pujo hearings, though other health
factors were certainly involved.[citation needed] http://en.wikipedia.org/wiki/Federal_Reserve_Act#cite_note-H-Rept-6
15 USC § 19 - Interlocking directorates and officers | Title 15 ...
http://www.law.cornell.edu/uscode/text/15/19 - 36k
(A) engaged in whole or in part in commerce; and ... of operation,
competitors, so that the elimination of competition by agreement between
them would constitute a violation of any of the antitrust laws; ...
323, § 8,38 Stat. ... References in Text.
15 USC § 19 - Interlocking directorates and officers
Current through Pub. L. 113-31. (See Public Laws for the current Congress.)
(a)
(1) No person shall, at the same time, serve as a director or
officer in any two corporations (other than banks, banking associations,
and trust companies) that are—
(A) engaged in whole or in part in commerce; and
(B) by virtue of their business and location of operation,
competitors, so that the elimination of competition by agreement between
them would constitute a violation of any of the antitrust laws;
if each of the corporations has capital, surplus, and undivided
profits aggregating more than $10,000,000 as adjusted pursuant to
paragraph (5) of this subsection.
(2) Notwithstanding the provisions of paragraph (1), simultaneous
service as a director or officer in any two corporations shall not be
prohibited by this section if—
(A) the competitive sales of either corporation are less than
$1,000,000, as adjusted pursuant to paragraph (5) of this subsection;
(B) the competitive sales of either corporation are less than 2 per centum of that corporation's total sales; or
(C) the competitive sales of each corporation are less than 4 per centum of that corporation's total sales.
For purposes of this paragraph, "competitive sales" means the gross
revenues for all products and services sold by one corporation in
competition with the other, determined on the basis of annual gross
revenues for such products and services in that corporation's last
completed fiscal year. For the purposes of this paragraph, "total sales"
means the gross revenues for all products and services sold by one
corporation over that corporation's last completed fiscal year.
(3) The eligibility of a director or officer under the provisions of
paragraph (1) shall be determined by the capital, surplus and undivided
profits, exclusive of dividends declared but not paid to stockholders,
of each corporation at the end of that corporation's last completed
fiscal year.
(4) For purposes of this section, the term "officer" means an officer elected or chosen by the Board of Directors.
(5) For each fiscal year commencing after September 30, 1990, the
$10,000,000 and $1,000,000 thresholds in this subsection shall be
increased (or decreased) as of October 1 each year by an amount equal to
the percentage increase (or decrease) in the gross national product, as
determined by the Department of Commerce or its successor, for the year
then ended over the level so established for the year ending September
30, 1989. As soon as practicable, but not later than January 31 of each
year, the Federal Trade Commission shall publish the adjusted amounts
required by this paragraph.
(b) When any person elected or chosen as a director or officer of
any corporation subject to the provisions hereof is eligible at the time
of his election or selection to act for such corporation in such
capacity, his eligibility to act in such capacity shall not be affected
by any of the provisions hereof by reason of any change in the capital,
surplus and undivided profits, or affairs of such corporation from
whatever cause, until the expiration of one year from the date on which
the event causing ineligibility occurred. http://www.law.cornell.edu/uscode/text/15/19
Let's take a look at some maneuvering behind the scenes by former
CITIBANK officer Jamie Diamon who played the ' deceptive insider games'
by being a 'background quarterback' for CITIBANK and LaSALLE BANKING
GROUP/First Chicago Corp in Chicago.
Re: LaSalle Banking. [quote] Mr. Steans' 1987 deal to sell his
group of local lenders to Detroit-based NBD Bancorp for $250 million in
stock, at the then-unheard-of valuation of 3.3 times book value, remains
legendary. Many still recall the scene when, days after the deal was
announced, Mr. Steans received a spontaneous standing ovation at a
meeting of the Chicago Assn. of Bankers.
"Every banker in the room was penciling his own financial
statement," says Bryan Daniels, then a lender at American National Bank
& Trust and now a principal of private-equity firm Prairie Capital
L.P., an investor in Cole Taylor.
Mr. Steans jumped back into banking in the mid-1990s, investing in a
$60-million-asset Florida lender that he built to $700 million and sold
at more than four times book value in 2004 — three years before the
housing bust decimated that state's economy. Mr. Steans also ran LaSalle
National Bank in the 1970s, until it was sold to Dutch bank ABN Amro
for $82 million in 1978.
Twenty years ago, Mr. Steans launched a family foundation focused on
improving housing and education and tackling other social ills in a
single city neighborhood — North Lawndale on the West Side. The Steans
Family Foundation made more than $31 million in grants in the past
decade and has $23 million in assets.
Family matters a great deal to Mr. Steans, a father of three
successful women. In addition to Jennifer, his business partner, there's
Heather Steans, a state senator from the North Side, and Robin,
executive director of the non-profit Advance Illinois.
A Steans family office operates like a private-equity fund, managing
$725 million in investments, mostly concentrated in five holdings —
Cole Taylor, Florida-based USAmeriBancorp Inc., a Tampa, Fla.-based
mortgage servicing outsourcer, Mr. Daniels' Prairie Capital and a real
estate fund managed by Chicago-based Laramar Group.
The bank investments are clearly what energize Mr. Steans. He spends
much of his time at Cole Taylor calling the strategic shots and
scouring for deals to bulk up the $4.5-billion-asset lender's deposit
base and vault it into the informal race among mid-sized local
commercial banks to succeed the old LaSalle Bank (now part of Bank of
America Corp.) as lead business bank in town.
Mr. Steans and Cole Taylor Bank CEO Mark Hoppe have held merger
talks with troubled banks including Melrose Park-based Midwest Banc
Holdings Inc. and Chicago-based Park National Bank, according to people
familiar with the discussions. Both potential deals, which would have
roughly doubled Cole Taylor's size, foundered in part on regulators'
concerns that Cole Taylor isn't ready to deal because of its continuing
loan losses. Midwest Banc is still searching for capital, while Park
National was seized recently by federal regulators and sold to
Minneapolis-based U.S. Bank. link to www.chicagobusiness.com
AMB AMRO? - Feb 1, 2013 ... ABN Amro was nationalised following
its abortive takeover by an international banking ... Today a dutch bank
goes bust and state takes over. http://www.dutchnews.nl/news/archives/2013/02/the_netherlands_nationalises_f.php
Apr 15, 2013 ... The largest Dutch bank, ABN AMRO, defaults on
physical gold ... bank is 100% owned by the state, though as we know
states also go bankrupt.
Over the past two months, there has been a concerted action by
several institutions to bring down the price of gold and silver, even as
other central banksfrom countries such asRussia, Iran, and China
continue to accumulate the physical metal in large quantities at now
"subsidized" prices. But as stated in my previous article, in the end
the physical will win from the paper despite the fact that the paper
market is roughly 100x bigger than the physical market. For general
information the London gold market is the physical market whilst the NY
market is the paper market, where most of the manipulation takes place.
You have a big paper problem if people don't sell their gold despite
much lower prices because ultimately the shorts have to buy their
contracts back!!!! Especially if delivery is requested through the
No comments:
Post a Comment