Friday, January 30, 2015

Revolving Door' Between Fed and Banksters Spins Faster and Faster


  1. It seems like working at either is becoming a game of "Old Maid".


  2. Koos Jansen: German, Dutch gold repatriation totals don't match New York Fed's numbers

    From January to December 2014 the Federal Reserve Bank Of New York (FRBNY) has been drained from 176.81 tonnes of physical gold out of the foreign deposit accounts. A drop from 6,195.60 tonnes to 6,018.79 tonnes over 12 months, FRBNY data published on Friday showed. The FRBNY doesn’t disclose how much is withdrawn by which central bank.

    FRBNY foreign gold deposits table 2014

    FRBNY foreign gold deposits

    These numbers do not match the claims made in Europe about gold repatriated from the US. This is bad news.

  3. According to Cockburn, Patman, sitting as chair of the House Banking Committee in the early 1970s, "snarl[ed] at then Fed chairman Arthur Burns, before him to give testimony, 'Can you give me any reason why you should not be in the penitentiary?'”[6]

    Even before Dr. Ron Paul, there were members of congress that were willing to be honest to the American people .. willing to explain how our monetary system deceives people; is unsustainable & unconstitutional [even though the system helps those members of Congress who support it to become more rich & powerful]. Once again, the honor goes to a congressman from Texas.
    "I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money."
    "It is absolutely wrong for Government to issue interest–bearing obligations. It is not only wrong, it is absolutely unnecessary. I believe the system should be changed."
    "The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money."
    "I believe the time will come when people will demand that this be changed."
    "I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and
    permitting such an idiotic system to continue."
    Author: Wright Patman, Source: Congressional Record pp. 7582-3, September 29, 1941
    LINK to Wright Patman Wikipedia
    LINK to another Wright Patman quote