Regional Fed Chiefs:

Elite Insiders Have “Usurped Authority”

Federal Reserve regional bank presidents describe invocation of ‘war powers’ by Board of Governors in Washington

Steve Watson
Infowars.net
Tuesday, Dec 9, 2008

Regional bank presidents of the Federal Reserve have described the ongoing financial policy making of Washington officials as a complete usurpation of authority and an invocation of emergency powers.

The district chiefs’ authority over borrowing costs has been marginalized in the past two months as Chairman Ben S. Bernanke and the Fed Board of Governors in Washington made their own decisions on emergency measures to flood the economy with cash, reports Bloomberg News.

Several former and current regional bank presidents have intimated that they now have little to no influence over the Federal Reserve’s actions and that the central bank has effectively been completely hijacked by high ranking insiders.

“The Board has usurped authority,” said William Poole, former president of the St. Louis Fed and now a senior fellow at the Cato Institute in Washington. “This dramatic change in policy direction has not been announced or even acknowledged.”

James Bullard, Poole’s successor at the St. Louis Fed, has described the shift as a move toward a “new world” and clearly holds out little hope that the situation will improve. “Whatever our communications problems are now, they are going to be magnified in this new world we are going to be in,” Bullard has said.

“If I am a regional Fed bank president, I have had my power diminished a lot,” said Ethan Harris, co-head of U.S. economic research at Barclays Capital Inc. in New York, who used to work at the New York Fed. “I think of it as war powers for the Board of Governors.”  ...................




By Ken Silverstein

President George W. Bush has not thus far granted many pardons, but he has been generous in coming to the aid of one particular constituency group: S&L executives and others who swindled thrifts in the mid-1980’s. A few of these guys, coincidentally no doubt, hail from Texas.

So far Bush pardons have gone to:

John G. Smith, “a former officer of Vernon Savings and Loan, a Dallas thrift that collapsed in 1987 after making millions of dollars in bad loans.”

Kenneth Foner, who had been convicted of “conspiracy to impede the functions of the Federal Deposit Insurance Corp.” and committing “embezzlement as a bank officer.”
Etc.
Etc.

 

 

RUSSIA MOURNS DEATH OF ORTHODOX CHRISTIAN PATRIARCH - ALEXY II
(THE NEEDED LEADER from COMMUNISM Back to Christianity)

http://www.channelnewsasia.com/stories/afp_world/view/395231/1/.html

Over 40,000 people bid farewell to Patriarch Alexy II

http://english.pravda.ru/photo/report/alexy-4056/1/

 

 


Bible used to rob Tacoma bank

12:13 PM PST on Wednesday, December 3, 2008

By KING5.com Staff

TACOMA, Wash. - Tacoma Police say a man robbed a downtown US Bank Tuesday
morning using a Bible.

 

 

Nations sign cluster bomb treaty

The first of more than 100 countries have begun signing a treaty to ban current designs of cluster bombs, at a conference in Oslo, Norway.

Campaigners are hailing the treaty as a major breakthrough.

But some of the biggest stockpilers, including the US, Russia and China, are not among the signatories.

First developed during World War II, cluster bombs contain a number of smaller bomblets designed to cover a large area and deter an advancing army.

But campaigners, including some in the military, have long argued they are outmoded and immoral because of the dangers posed to civilians from bombs that do not explode and litter the ground like landmines. 




RELATED ARTICLE

As 104 States sign cluster bomb ban, funds for overall UN de-mining languish

Dmitry Titov

4 December 2008 –

While 104 countries in Oslo signed an historic United Nations-sponsored treaty formally renouncing the use of cluster bombs, the larger effort to rid the world of all ordnance that kill and maim thousands of people years after they are laid is facing a gigantic shortfall, with less than 5 per cent of funding secured so far for 2009.

“Without full donor support many of Mine Action initiatives will have to be cancelled and more civilians will be at risk of losing limbs, lives and livelihood,” Assistant Secretary-General for Rule of Law and Security Institutions Dmitry Titov told a news conference in New York, presenting the $459-million UN Mine Action Service portfolio for next year, with only $22 million raised so far.


 

This will be Obama's first foreign policy test and my guess is he will seize this moment and both Israel and the Middle East will heave a welcomed sigh of relief ~ that is, unless Israel elects to preemptively attack Iran before January 20th and the Middle East erupts in chaos.

Allen L Roland http://blogs.salon.com/0002255/2008/12/09.html

 

 

 

Dec 9, 1:08 PM EST


US Atty: Not alleging Obama knew of Ill. gov. plan

AP Photo

AP Photo/M. Spencer Green



CHICAGO (AP) -- Federal prosecutors say the investigation into allegations that Illinois Gov. Rod Blagojevich (bluh-GOY'-uh-vich) tried to sell the Senate seat vacated by President-elect Barack Obama found no evidence that Obama did anything wrong.

At a news conference in Chicago on Tuesday, U.S. Attorney Patrick Fitzgerald reiterated a number of times that there were no allegations of impropriety on Obama's part.

The governor is accused of conspiring to sell or trade Illinois' vacant senate seat.....




 


U.S. 'Not Getting What We Pay For'
Many Experts Say Health-Care System Inefficient, Wasteful

By Ceci Connolly
Washington Post Staff Writer
Sunday, November 30, 2008; A01

Talk to the chief executives of America's preeminent health-care institutions, and you might be surprised by what you hear: When it comes to medical care, the United States isn't getting its money's worth. Not even close.

 


http://www.truthnews.us/?p=2440



 

12/04/2006 [article] / World / Americas


As many people around the World continue in their amazement over the total moral and economic collapse of the American Nation, a possible new clue as to why this so was revealed this past week with the United States Department of Justice announcing the staggering rate in which their government has been jailing their own citizens, and which now stands at 7 million Americans

More...

James L. Jones' energy views worry some environmentalists

By Tom Hamburger
December 2, 2008

James L. Jones is Obama's new national security advisor. But he leads an institute that has challenged global warming.

Reporting from Washington -- When President-elect Barack Obama introduced James L. Jones Jr. as his national security advisor Monday, he emphasized the retired Marine general's understanding of "the connection between energy and national security."

Obama sees that as a plus, but some environmental groups and global warming activists view Jones' 
environmental record with suspicion.

Wed Nov 26, 2008 4:39pm

By Juan Lagorio

NEW YORK, Nov 26 (Reuters) - The bailout of Citigroup has made people in New York angrier than they were about any of the other government rescues of financial institutions this year. ................

"They were bailed out before, this is the second bailout, so what's going on? Are they going to ask for another bailout soon?" asked Cheril Nichols, a 50-year-old nurse from New Jersey.

"It is wasteful, very wasteful," said retiree William Dwyer, 70.

Earlier this week, the U.S. government announced an injection of $20 billion for Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) and a plan to shoulder most of its potential losses on $306 billion of toxic assets, after the bank's shares sank more than 60 percent in the previous week due to concern about its ability to survive.

The $20 billion of government capital comes after a $25 billion injection last month.

In effect, the government has pledged about $1,000 per American to guarantee the bank's assets.

"This is not the right thing to do. They (the U.S. government) should help the people, not the big companies," said Renu Malconi, 38, from New Jersey.

.................................

In exchange for the bailout, Citigroup slashed its quarterly dividend and cannot raise it for three years without U.S. consent. But taxpayers want more sacrifices from the bank's board and top management.

"It's ridiculous. If I did as poorly as they did in my job, I would be out of the job, so why are they not accountable?" said Mike Delibero, an IT salesman.

The frustration on the streets of New York was echoed by two of New York's major daily newspapers, The Wall Street Journal and The New York Post, which slammed the board of Citigroup on Tuesday with calls for all or many of its directors to quit or be removed.

The Post on Wednesday ran a series of letters from readers, all of them harshly criticizing the bailout and Citigroup's former and current executives and board members. 

High salaries, seven-figure bonuses and an agreement for the bank to pay $400 million to name the New York Mets baseball team's new stadium Citi Field haven't helped sentiment.
.............................................................

After several calls, no Citigroup officials were available for comment. (Reporting by Juan Lagorio; Editing by Gary Hill)

Concerns about deployment of military on U.S. soil growing

Entries in this section are created by individual users who register with this site and are largely unmoderated. Content in this section should not be interpreted as being supported by 911blogger.com, or by any other members of this site, and should only be viewed as a posting of the individual who created it. Please contact a team member if you notice a post which violates our general rules.

......................Yes, there are laws against military policing on US streets -- they are part of both the 1807 Insurrection Act and 1879's Posse Comitatus Act -- but the Defense Authorization Act of 2007 gutted them.

Congress restored some limitations on the President's ability to deploy troops to engage in military policing in 2008 -- but President Bush issued a signing statement declaring he did not feel bound by those limitations. He also can direct these troops -- and the National Guard, and Blackwater -- to engage in military policing of civilian populations simply by verbally and unilaterally declaring a national emergency of whatever kind he wishes.

Unfortunately, the US Army spokespeople are parsing their words and misleading us. And, whatever the stated mission is today, the fact remains that military up the chain of command report to the Commander in Chief -- not to Congress or to you and me, and not to the Governors as most of the National Guard do.

Why do I insist on raising an alarm about this deployment in spite of a great deal of opposition and criticism? (Though I am grateful, too, for a great deal of support.) I insist on raising an alarm because I am aware of world events and not just blinded by American recent history........................
SOURCE




HOMELAND INSECURITY

General would deploy troops on U.S. soil
NORTHCOM commander ready to obey any presidential order to intervene in domestic emergency

Posted: November 16, 2007

By Jerome R. Corsi
© 2008 WorldNetDaily.com

Gen. Gene Renuart, commander of NORAD,



the North American Aerospace Defense Command, and USNORTHCOM, the United States Northern Command, invited WND staff reporter Jerome R. Corsi to visit Peterson Air Force Base in Colorado Springs, Colo., to observe Day Three of the NORAD-USNORTHCOM exercise Vigilant Shield 2008.

Corsi was the first outside news reporter allowed inside the Joint Interagency Coordination Group, or JIACG, to observe command center operations during a real-time national training exercise.

This article and tomorrow's fifth part in the series are based on an interview WND conducted Oct 18 with Renuart.


Agencies coordinate efforts in NORAD-USNORTHCOM response simulation
COLORADO SPRINGS, Colo. – The commander of USNORTHCOM says he's prepared to obey any order from the president to deploy U.S. troops on American soil in response to a domestic emergency.

"If he were to choose to declare a national emergency, then clearly we at USNORTHCOM would be able to operate in that environment, in response to direct orders from the secretary of defense

," Gen. Victor E. "Gene" Renuart told WND at his Peterson Air Force Base headquarters in Colorado Springs, Colo. ......................................

Get Corsi's latest book, autographed: "The Late Great USA: The Coming Merger with Mexico and Canada"


Previous stories:

U.S. defense fixing communication gaps

Massive attack simulation to involve every state

U.S. simulates 'dirty bomb' attacks on Phoenix, Portland

Air Force probes nuke missile incident

Air Force ordered to stand-down tomorrow

Military positioned to launch action – here

Previous columns:

Norad's new home, Part 2

Norad's new home

Feds prepping for 'continuity' hub?


9/11 Blogger
Thursday, November 27, 2008

Photobucket

“All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.” - Arthur Schopenhauer

Xbox Live is an online multiplayer gaming and digital media delivery service created and operated by Microsoft Corporation. They refer this platform as “the Ultimate Broadband Gaming Experience,” accessible on the Xbox and Xbox 360 consoles. After reaching 10 Million users, I decided to change my GamerTag (GT) to disseminate 9/11 truth to the console gaming world.

About a a month ago, I changed my GT to www911TRUTHorg. Utilizing the headset, every time I entered a new game lobby I spoke to the other users in the “room” about the 9/11 Truth Movement. The responses varied: most people ridiculed or mocked the GT, while the others either commented with approval/praise, or said nothing at all. Either way, BOTH the nay-sayers and fellow truthers listened to what I had to say. In fact, many times the conversation of the game would revolve entirely around 9/11, the Global War on Terror, corporate war profiteering, the destruction of our civil liberties, etc… It was a great method of cyber-activism, until Microsoft caught on!

A week ago, this message popped up as I attempted to login on the Xbox.com website:...........

! The truth will never be silenced !


Russian Professor Says U.S. Will Break Up After Economic Crisis

By Robin Stringer

Nov. 24 (Bloomberg) -- A professor at the diplomatic academy of Russia’s Ministry of Foreign Affairs said the U.S. will break into six parts because of the nation’s financial crisis.

“The dollar isn’t secured by anything,” Igor Panarin said in an interview transcribed by Russian newspaper Izvestia today. “The country’s foreign debt has grown like an avalanche; this is a pyramid, which has to collapse.”

Panarin said in the interview that the financial crisis will worsen, unemployment will rise and people will lose their savings -- factors that will cause the country’s breakup.

“Dissatisfaction is growing, and it is only being held back at the moment by the elections, and the hope” that President- elect Barack Obama “can work miracles,” he said. “But when spring comes, it will be clear that there are no miracles.”

The U.S. will fracture into six parts: the Pacific coast; the South; Texas; the Atlantic coast, central states and the northern states.

“Now we will see a change to the regulatory system on a global financial scale: America will cease to be the world’s regulator,” to be replaced by China and Russia, he said.

To contact the reporter on this story: Robin Stringer in New York at rstringer@bloomberg.net.


By Paul Cornish
Chairman, Chatham House's International Security Programme


Quite apart from the scores murdered and the hundreds injured, what the Mumbai terrorists really wanted was an exaggerated - and preferably extreme - reaction on the part of governments, the media and public opinion.

In these terms, the attackers received as much attention as they could possibly have hoped for, and the Mumbai outrage can only be described as a very significant terrorist success.

The attack received saturation coverage in the world's media from the outset.....

 

The Rothschilds and their 200 years of political influence

Nat Rothschild, the financier at the centre of allegations that threaten to engulf the shadow Chancellor, George Osborne, is no stranger to laws which forbid politicians from accepting donations from abroad.

Political Renegades: Gov. Ventura and Willie Nelson challenge two-party stranglehold

IN EXCLUSIVE VIDEO, legendary music icon Willie Nelson meets up with former Governor Jesse Ventura and Alex Jones to discuss the implications of the 2008 Election, the effects of widespread economic downturn and lingering questions about 9/11.

President Bush’s Famous Family Tree

CBS’s visual diagram of Bush’s ‘famous’ ancestry reveals over-lapping ties to very powerful and influential family stock

Globalists Exploit Financial Meltdown In Move Towards One World Currency

The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power.

Sarah Palin Supports New 9/11 Investigation

Alaska Governor gives unexpected answer during Ohio rally.

Television May Be Doing Your Thinking

Many of us may be surprised to know that television is a controlling medium, relaxing us enough to switch off our analytical brain (the left side of the brain) so that we uncritically, or unlogically, process the information beaming from the television.

Alex Jones On International Press TV Discussing The Economic Implosion

Alex Jones joins a panel of experts on internationally broadcast Press TV to discuss the financial meltdown.

Brzezinski: Powell decision tears GOP ticket

Colin Powell’s endorsement of Barack Obama shows a comprehensive indictment of the Republican side, a former US national security advisor says.

Report: U.S. Navy Warship On Fire In Persian Gulf

A U.S. Navy warship stationed in the Persian Gulf has reportedly caught fire, with officials not ruling out that a “blast” was the cause of the blaze.

Iran busts ’spy pigeons’ near nuclear site

Security forces in Natanz have arrested two suspected “spy pigeons” near Iran’s controversial uranium enrichment facility, the reformist Etemad Melli newspaper reported on Monday.

Willie Rodriguez: Seven years of political fear since 9/11

Willie Rodriguez went on Sky News in the UK to call attention to the fact that Americans have been faced with ’seven years of fear’ since 9/11, and only the economic crisis has changed that trend.

Naomi Wolf: I have 9/11 questions, like any thoughtful citizen does

Naomi Wolf defended the right to ask questions about 9/11, highlighting the failures of the commission and hinting at questions of her own.

DARPA Contract Description Hints at Advanced Video Spying

Real-time streaming video of Iraqi and Afghan battle areas taken from thousands of feet in the air can follow actions of people on the ground as they dig, shake hands, exchange objects and kiss each other goodbye.

GUNS FOR FOOD. Drop guns and take bread line voucher to station #4




Reason only visits those who welcome it.

“If they can get you asking the wrong questions,
they don't have to worry about the answers”

 







The greatest survivors of Earth's nature: Water bears

All photo-reports / Science

These tiny creatures can withstand more than any other animal on the planet, and you can probably find some in your backyard. They are truly nature's greatest survivors.All photos and text by: darkroastedblend.com

Amero to become USA’s new currency when dollar collapses
Amero to become USA’s new currency when dollar collapses