Free Market Capitalism Killed Our American Economy? A Ghost Story

August 30th, 2010 by Bank Loan | No Comments | Filed in Bank
private banker
by wallyg

Free Market Capitalism Killed Our American Economy? A Ghost Story

Everywhere I turn, I see, read and hear how capitalism has destroyed the American economy. The political Left blames capitalism outright, while the political Right claims capitalism is the American ideal. The elitists in banking, government, academia and the media give lip-service to the idea of a free market, when they, in fact, have no use for it. The real purpose of claiming that free markets are the American ideal is to give the collectivist a scapegoat to blame for all their nefarious wealth redistribution programs. Too many of today’s activists have fallen for this intentional misdirection.

Blaming free market capitalism for our economic problems is accusing a ghost. It has been dead for a long time. It was first stabbed in the back in 1913 when the U.S. Congress passed the Federal Reserve Act and the United States Revenue Act (creating the IRS).

The Federal Reserve Act gave a private cartel of international bankers control over the very essence of a free market; our medium of exchange, our money. This put the free market into a death spiral. Now factor in the Legal Tender Act which prohibits any form of lawful money except the Federal Reserve Note. It is this Legal Tender Law that gives the Federal Reserve bankers their money monopoly. Without this law, individual enterprise could offer alternative commodity-backed money and compete with the FRB head to head. But honest competition is not what the elitist central planners want. Well, at least our new federal money still had some value. It was backed by gold, but not for long.

The Federal Reserve can control interest rates by expanding or contracting the quantity of money. It can control the financial markets with its “Open Market Operations.” It can create new money to increase its member’s bank reserves at any time. It can negotiate with foreign banks on monetary policies without congressional approval or knowledge. And it can do all of this with virtually no oversight by any elected representative of the people. Even the Government Accounting Office responsible for auditing all government agencies, has no auditing authority over the Federal Reserve, a private corporation not a government agency.

Without the ability to judge the cost of capital by the true market value of interest rates, determined by the availability of savings for investing and future consumption, no free market can correctly judge its financial health. These false signals along with government regulations are what create booms and busts in our economy, not free market actions. The Federal Reserve and the government manipulate the appearance of economic prosperity for personal and political gain and then blame free market capitalism when the inevitable adjustments occur (busts).

By creating the Internal Revenue Service (collection arm of the Federal Reserve), government makes the claim that our individual production, property and privacy no longer, in any real sense, belongs to us. Congress can change the tax rates and rules at any time, favoring some at the expense of others, and is about to do so again. This privilege of the central planners has driven many a productive individual to send their manufacturing and creative endeavors elsewhere. This put American free market capitalism on life support, still breathing, but barely.

In 1933, by Executive Order of the President (FDR), all Americans were required to surrender their gold to the government. This took away our right to trade in the most respected of all possible commodities used to secure value in our economic exchanges. Not only did government confiscate our gold, they also prohibited redemption of U.S. Dollars for gold by any American. Of course, the international bankers were still allowed to exchange dollars for gold. Now you know where our gold went. FDR pulled the plug on value-backed money for American enterprise, dooming free market capitalism to a slow and painful death.

In 1971, President Nixon reneged on the “Bretton Woods Accord” removing the international gold redemption for the U.S. dollar. Unfortunately, it was too late. It is probable that the international bankers already own most of what was our country’s gold. No longer would our dollars be backed by anything other than our central banker’s and government’s “Good Faith.” No free market can exist without the right to exchange productive value for productive value. In the years that followed, no longer constrained by a gold-backed dollar, big government warfare/welfare spending exploded.

What we have today is not free market capitalism, it is corporatism. Corporatism is a form of fascism, where big business and government work as partners at the expense of the productive class. We have the military/pharmaceutical/energy/media/industrial complex and the elitist central planners of big government ruling our country. We see a revolving door of big business CEO’s and bankers taking key government positions of power. They then move back into their private positions after accomplishing their goals of amassing great wealth for their friends and themselves. This is the outward signs of corporatism for everyone to see. But few are aware or care!

The change we were promised, if we would just vote for anyone except a Republican, is only a change in the national figurehead. Only in such an environment of big government and corporatism is greed truly rampant. Free market capitalism and the Rule of Law can not exist in the same society with either.

We who believe in free markets under the rule of law can not argue against a lie unless we expose it for the lie it is. The free market died when our money became nothing more than the confiscation of our production. Tell America to stop dragging around the corpse of free market capitalism as its whipping boy. We should all have the decency to give the dead some respect for what might have been.

Rest In Peace, Free Market Capitalism!

Harry Harmon, Entrepreneur and Author of Economic Vampires Parasites and Cannibals, “What you are not supposed to know about Economics and Politics” available at Amazon.com Website: www.economicvampires.com

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Free market capitalism for our economic problems is accusing a ghost

August 30th, 2010 by Bank Loan | No Comments | Filed in Bank
private banker
by mbowlersr

Free market capitalism for our economic problems is accusing a ghost

Everywhere I turn, I see, read and hear how capitalism has destroyed the American economy. The political Left blames capitalism outright, while the political Right claims capitalism is the American ideal. The elitists in banking, government, academia and the media give lip-service to the idea of a free market, when they, in fact, have no use for it. The real purpose of claiming that free markets are the American ideal is to give the collectivist a scapegoat to blame for all their nefarious wealth redistribution programs. Too many of today’s activists have fallen for this intentional misdirection.
Blaming free market capitalism for our economic problems is accusing a ghost. It has been dead for a long time. It was first stabbed in the back in 1913 when the U.S. Congress passed the Federal Reserve Act and the United States Revenue Act (creating the IRS).

The Federal Reserve Act gave a private cartel of international bankers control over the very essence of a free market; our medium of exchange, our money. This put the free market into a death spiral. Now factor in the Legal Tender Act which prohibits any form of lawful money except the Federal Reserve Note. It is this Legal Tender Law that gives the Federal Reserve bankers their money monopoly. Without this law, individual enterprise could offer alternative commodity-backed money and compete with the FRB head to head. But honest competition is not what the elitist central planners want. Well, at least our new federal money still had some value. It was backed by gold, but not for long.
The Federal Reserve can control interest rates by expanding or contracting the quantity of money. It can control the financial markets with its “Open Market Operations.” It can create new money to increase its member’s bank reserves at any time. It can negotiate with foreign banks on monetary policies without congressional approval or knowledge. And it can do all of this with virtually no oversight by any elected representative of the people. Even the Government Accounting Office responsible for auditing all government agencies, has no auditing authority over the Federal Reserve, a private corporation not a government agency.
Without the ability to judge the cost of capital by the true market value of interest rates, determined by the availability of savings for investing and future consumption, no free market can correctly judge its financial health. These false signals along with government regulations are what create booms and busts in our economy, not free market actions. The Federal Reserve and the government manipulate the appearance of economic prosperity for personal and political gain and then blame free market capitalism when the inevitable adjustments occur (busts).
By creating the Internal Revenue Service (collection arm of the Federal Reserve), government makes the claim that our individual production, property and privacy no longer, in any real sense, belongs to us. Congress can change the tax rates and rules at any time, favoring some at the expense of others, and is about to do so again. This privilege of the central planners has driven many a productive individual to send their manufacturing and creative endeavors elsewhere. This put American free market capitalism on life support, still breathing, but barely.
In 1933, by Executive Order of the President (FDR), all Americans were required to surrender their gold to the government. This took away our right to trade in the most respected of all possible commodities used to secure value in our economic exchanges. Not only did government confiscate our gold, they also prohibited redemption of U.S. Dollars for gold by any American. Of course, the international bankers were still allowed to exchange dollars for gold. Now you know where our gold went. FDR pulled the plug on value-backed money for American enterprise, dooming free market capitalism to a slow and painful death.
In 1971, President Nixon reneged on the “Bretton Woods Accord” removing the international gold redemption for the U.S. dollar. Unfortunately, it was too late. It is probable that the international bankers already own most of what was our country’s gold. No longer would our dollars be backed by anything other than our central banker’s and government’s “Good Faith.” No free market can exist without the right to exchange productive value for productive value. In the years that followed, no longer constrained by a gold-backed dollar, big government warfare/welfare spending exploded.
What we have today is not free market capitalism, it is corporatism. Corporatism is a form of fascism, where big business and government work as partners at the expense of the productive class. We have the military/pharmaceutical/energy/media/industrial complex and the elitist central planners of big government ruling our country. We see a revolving door of big business CEO’s and bankers taking key government positions of power. They then move back into their private positions after accomplishing their goals of amassing great wealth for their friends and themselves. This is the outward signs of corporatism for everyone to see. But few are aware or care!
The change we were promised, if we would just vote for anyone except a Republican, is only a change in the national figurehead. Only in such an environment of big government and corporatism is greed truly rampant. Free market capitalism and the Rule of Law can not exist in the same society with either.
We who believe in free markets under the rule of law can not argue against a lie unless we expose it for the lie it is. The free market died when our money became nothing more than the confiscation of our production. Tell America to stop dragging around the corpse of free market capitalism as its whipping boy. We should all have the decency to give the dead some respect for what might have been.
Rest In Peace, Free Market Capitalism!

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www.benedix.co.uk Learn how to put together a career plan for Investment Banking. Get everything you need to secure a top paying career in Investment Banking. Whether you want to work for a large Investment Bank like JP Morgan, Barclays Capital, UBS, Bank of America Merrill Lynch, Goldman Sachs, Citi Group or another type of Investment Bank, Trading House, Hedge Fund, Private Equity or Accountancy Institution. Learn how to meet the application deadlines, pass interviews and put together a plan for Investment Banking Simon Dixon started as a stock broker before becoming a trader then investment banker then going onto start a private equity company and multiple businesses in Banking & Finance. Watch college students take on Investment Banking interviews for the chance to intern as a summer analyst at a prestigious bank.
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THE Free market capitalism for our economic problems is accusing a ghost

August 30th, 2010 by Bank Loan | No Comments | Filed in Bank
private banker
by Ken Lund

THE Free market capitalism for our economic problems is accusing a ghost

Blaming free market capitalism for our economic problems is accusing a ghost. It has been dead for a long time. It was first stabbed in the back in 1913 when the U.S. Congress passed the Federal Reserve Act and the United States Revenue Act (creating the IRS).
The Federal Reserve Act gave a private cartel of international bankers control over the very essence of a free market; our medium of exchange, our money. This put the free market into a death spiral. Now factor in the Legal Tender Act which prohibits any form of lawful money except the Federal Reserve Note. It is this Legal Tender Law that gives the Federal Reserve bankers their money monopoly. Without this law, individual enterprise could offer alternative commodity-backed money and compete with the FRB head to head. But honest competition is not what the elitist central planners want. Well, at least our new federal money still had some value. It was backed by gold, but not for long.
The Federal Reserve can control interest rates by expanding or contracting the quantity of money. It can control the financial markets with its “Open Market Operations.” It can create new money to increase its member’s bank reserves at any time. It can negotiate with foreign banks on monetary policies without congressional approval or knowledge. And it can do all of this with virtually no oversight by any elected representative of the people. Even the Government Accounting Office responsible for auditing all government agencies, has no auditing authority over the Federal Reserve, a private corporation not a government agency.
Without the ability to judge the cost of capital by the true market value of interest rates, determined by the availability of savings for investing and future consumption, no free market can correctly judge its financial health. These false signals along with government regulations are what create booms and busts in our economy, not free market actions. The Federal Reserve and the government manipulate the appearance of economic prosperity for personal and political gain and then blame free market capitalism when the inevitable adjustments occur (busts).
By creating the Internal Revenue Service (collection arm of the Federal Reserve), government makes the claim that our individual production, property and privacy no longer, in any real sense, belongs to us. Congress can change the tax rates and rules at any time, favoring some at the expense of others, and is about to do so again. This privilege of the central planners has driven many a productive individual to send their manufacturing and creative endeavors elsewhere. This put American free market capitalism on life support, still breathing, but barely.
In 1933, by Executive Order of the President (FDR), all Americans were required to surrender their gold to the government. This took away our right to trade in the most respected of all possible commodities used to secure value in our economic exchanges. Not only did government confiscate our gold, they also prohibited redemption of U.S. Dollars for gold by any American. Of course, the international bankers were still allowed to exchange dollars for gold. Now you know where our gold went. FDR pulled the plug on value-backed money for American enterprise, dooming free market capitalism to a slow and painful death.
In 1971, President Nixon reneged on the “Bretton Woods Accord” removing the international gold redemption for the U.S. dollar. Unfortunately, it was too late. It is probable that the international bankers already own most of what was our country’s gold. No longer would our dollars be backed by anything other than our central banker’s and government’s “Good Faith.” No free market can exist without the right to exchange productive value for productive value. In the years that followed, no longer constrained by a gold-backed dollar, big government warfare/welfare spending exploded.
What we have today is not free market capitalism, it is corporatism. Corporatism is a form of fascism, where big business and government work as partners at the expense of the productive class. We have the military/pharmaceutical/energy/media/industrial complex and the elitist central planners of big government ruling our country. We see a revolving door of big business CEO’s and bankers taking key government positions of power. They then move back into their private positions after accomplishing their goals of amassing great wealth for their friends and themselves. This is the outward signs of corporatism for everyone to see. But few are aware or care!
The change we were promised, if we would just vote for anyone except a Republican, is only a change in the national figurehead. Only in such an environment of big government and corporatism is greed truly rampant. Free market capitalism and the Rule of Law can not exist in the same society with either.
We who believe in free markets under the rule of law can not argue against a lie unless we expose it for the lie it is. The free market died when our money became nothing more than the confiscation of our production. Tell America to stop dragging around the corpse of free market capitalism as its whipping boy. We should all have the decency to give the dead some respect for what might have been.
Rest In Peace, Free Market Capitalism!

About the Author

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Free market capitalism for our economic problems is accusing a ghost

August 30th, 2010 by Bank Loan | No Comments | Filed in Bank
private banker
by wallyg

Free market capitalism for our economic problems is accusing a ghost

Everywhere I turn, I see, read and hear how capitalism has destroyed the American economy. The political Left blames capitalism outright, while the political Right claims capitalism is the American ideal. The elitists in banking, government, academia and the media give lip-service to the idea of a free market, when they, in fact, have no use for it. The real purpose of claiming that free markets are the American ideal is to give the collectivist a scapegoat to blame for all their nefarious wealth redistribution programs. Too many of today’s activists have fallen for this intentional misdirection.
Blaming free market capitalism for our economic problems is accusing a ghost. It has been dead for a long time. It was first stabbed in the back in 1913 when the U.S. Congress passed the Federal Reserve Act and the United States Revenue Act (creating the IRS).
The Federal Reserve Act gave a private cartel of international bankers control over the very essence of a free market; our medium of exchange, our money. This put the free market into a death spiral. Now factor in the Legal Tender Act which prohibits any form of lawful money except the Federal Reserve Note. It is this Legal Tender Law that gives the Federal Reserve bankers their money monopoly. Without this law, individual enterprise could offer alternative commodity-backed money and compete with the FRB head to head. But honest competition is not what the elitist central planners want. Well, at least our new federal money still had some value. It was backed by gold, but not for long.
The Federal Reserve can control interest rates by expanding or contracting the quantity of money. It can control the financial markets with its “Open Market Operations.” It can create new money to increase its member’s bank reserves at any time. It can negotiate with foreign banks on monetary policies without congressional approval or knowledge. And it can do all of this with virtually no oversight by any elected representative of the people. Even the Government Accounting Office responsible for auditing all government agencies, has no auditing authority over the Federal Reserve, a private corporation not a government agency.
Without the ability to judge the cost of capital by the true market value of interest rates, determined by the availability of savings for investing and future consumption, no free market can correctly judge its financial health. These false signals along with government regulations are what create booms and busts in our economy, not free market actions. The Federal Reserve and the government manipulate the appearance of economic prosperity for personal and political gain and then blame free market capitalism when the inevitable adjustments occur (busts).
By creating the Internal Revenue Service (collection arm of the Federal Reserve), government makes the claim that our individual production, property and privacy no longer, in any real sense, belongs to us. Congress can change the tax rates and rules at any time, favoring some at the expense of others, and is about to do so again. This privilege of the central planners has driven many a productive individual to send their manufacturing and creative endeavors elsewhere. This put American free market capitalism on life support, still breathing, but barely.
In 1933, by Executive Order of the President (FDR), all Americans were required to surrender their gold to the government. This took away our right to trade in the most respected of all possible commodities used to secure value in our economic exchanges. Not only did government confiscate our gold, they also prohibited redemption of U.S. Dollars for gold by any American. Of course, the international bankers were still allowed to exchange dollars for gold. Now you know where our gold went. FDR pulled the plug on value-backed money for American enterprise, dooming free market capitalism to a slow and painful death.
In 1971, President Nixon reneged on the “Bretton Woods Accord” removing the international gold redemption for the U.S. dollar. Unfortunately, it was too late. It is probable that the international bankers already own most of what was our country’s gold. No longer would our dollars be backed by anything other than our central banker’s and government’s “Good Faith.” No free market can exist without the right to exchange productive value for productive value. In the years that followed, no longer constrained by a gold-backed dollar, big government warfare/welfare spending exploded.
What we have today is not free market capitalism, it is corporatism. Corporatism is a form of fascism, where big business and government work as partners at the expense of the productive class. We have the military/pharmaceutical/energy/media/industrial complex and the elitist central planners of big government ruling our country. We see a revolving door of big business CEO’s and bankers taking key government positions of power. They then move back into their private positions after accomplishing their goals of amassing great wealth for their friends and themselves. This is the outward signs of corporatism for everyone to see. But few are aware or care!
The change we were promised, if we would just vote for anyone except a Republican, is only a change in the national figurehead. Only in such an environment of big government and corporatism is greed truly rampant. Free market capitalism and the Rule of Law can not exist in the same society with either.
We who believe in free markets under the rule of law can not argue against a lie unless we expose it for the lie it is. The free market died when our money became nothing more than the confiscation of our production. Tell America to stop dragging around the corpse of free market capitalism as its whipping boy. We should all have the decency to give the dead some respect for what might have been.
Rest In Peace, Free Market Capitalism!

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Presidential Assassinations

August 9th, 2010 by Bank Loan | No Comments | Filed in Bank

Presidential Assassinations

Okay, so sooner or later on every show about the New World Order the subject of Assassinations comes into play. Now I have never been one to be too interested in the finer details of the JFK assassination; I don’t really care if there was one shooter, two shooters, a knoll that was grassy or not so grassy, etc.

However, I am quite interested on a more “macro” level and looking at not just the assassination of JFK, but at all of the Presidential assassinations to see if there is a common thread. To that end some basic details need to be reviewed. Lincoln First there have been four successful Presidential assassinations, at least three of which were ardent opponents to the central banking monopoly of power. Starting with Abraham Lincoln, the first successful Presidential assassination, we see that the bankers and the President were diametrically opposed. Lincoln did serve the interest of the bankers in bringing the country into Civil War (both sides of which the banks financed). While engaging in the war Lincoln made two very significant changes in monetary policy, both were done to raise money for the civil war. The first measure was the signing of the National Banking Act.

This act tied the issuing of Bank Notes to government debt. In other words, it allowed National banks (and all but forbade smaller State chartered banks) to issue bank notes, or paper promises to provide real money, which circulated as currency. The reason this war time measure was taken was because the National bank reserves now had to be in the form of government bonds (debt). This is one of the main factors that funded the Civil War. The more money the National Banks created and used to buy government bonds, the more the government was going into debt to the bankers.

The second measure, which was much less popular with the bankers, was the issuance of “greenbacks” from the Treasury. These greenbacks, or United States Notes, were actually issued by the government whereas today there are “Federal Reserve Notes” which are issued by the Federal Reserve, a corporation whose stock is owned by powerful multi-national banks. Greenbacks were the first non-debt based national currency since the Revolutionary War. This meant that when the government authorized and printed these greenbacks they could spend them into the economy (largely for the war effort) and there was no debt to pay back left in their wake. In most other cases the government needs to “borrow” new money that is created by bankers and pay the bankers back plus interest.

So Lincoln’s greenbacks were in direct competition with the National Bank notes. The more the government printed and used the greenbacks (US Notes) the less they were dependent on selling debt to the bankers in exchange for money (National Bank Notes) they created. Since the government’s war-time need for money was so huge the bankers didn’t mind too much sharing the market with the greenbacks. After the civil war ended, when the governments demand for cash was drastically reduced, the bankers wanted to kill the issuance of greenbacks so that any deficit spending of the government would mean the government, or by extension the general public, would become more and more indebted to the bankers. While they did successfully stall any further issuance of greenbacks, Lincoln had big plans for the post-Civil War Reconstruction period. Notice the following quote from Lincoln taken from Senate document 23, page 91 from 1865:

The Government should create, issue, and circulate all the currency… needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”

Not exactly music to the ears of the bankers who were planning to have the power to issue all the currency in the form of national bank notes that were built on government debt. They would one day have their wish as is the case today when none of the money in your wallet says “United States Note” instead it is all issued by the authority of the “Federal Reserve” which is a privately owned bank under very limited government regulation. However, this dream may never had been able to be realized if Lincoln had been able to expand the US Notes to the point where they would have satisfied the nations need for currency and the public would have enjoyed the benefits of having money provided without the government going into debt in the process (as is the case today).

So, what did the bankers do about it? Well, I must pause a moment just to say that the implication that is about to follow is somewhat speculative. In life there is always a difference between what you believe and what you can prove definitively, I just like to make it clear when I am presenting a belief. However, in the context of the other assassinations you will see that this is not such an unreasonable belief. I am of course referring to the fact that 5 days after General Lee surrendered, officially ending the war and opening the way for Lincoln to phase out National Bank Notes in favor of United States Notes, he was shot dead. Again, all of the above is 100% fact, the only speculative portion being the implication that the bankers arranged the assassination. Look, of course Booth was the one who shot him and he was a Confederate that wanted to be immortalized in history. The stories we are taught in school about these events are “true” but are they the whole truth? Was he helped along, given access and other help to complete the difficult act of assassinating a world leader? In Latin there is an expression that is used to cut right to the heart of a matter: Cui Bono, which means “to whose benefit?”. I leave you with the facts above showing how the ones who had the most to gain from Lincolns death were the central (or national) bankers that wanted to keep control of the power to issue money. In this context, notice what a contemporary had to say about Lincoln’s assassination, namely the statesman of Germany, Otto Von Bismark:

“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots… I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America, and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth should become their inheritance”.

Unfortunately, this would not be the only President he would live to see assassinated. It is interesting how he puts the onus on foreign bankers that had been seeking to gain control of the issuance of money in the U.S. since its independence from Great Britian. What’s interesting is that often times xenophobia is blamed for any mention of “international bankers” but Bismark also being foreign to the United States was not speaking out of xenophobia but was just plainly explaining the state of affairs that was understood then but which has been obscured in modern history books and in the media. Garfield James A. Garfield was not a friend of the central bankers. Unfortunately for the bankers they didn’t know this until after he was inaugurated. Notice the speech he gave shortly after his rise to the office of President:

“Whoever controls the volume of money in our country is absolute master of all industry and commerce… when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate”.

To give some context to the above statement, Garfield became in favor of forcing banks to provide the gold they claimed to have when customers came in to redeem their Bank Notes or withdraw their demand deposits. In the National Banking Act we discussed there were several loop holes where banks could avoid having to fork up the real money the certificates claimed to represent. For banks this meant that their ability to, not just loan out their money but to create new money that had no gold to back it would be greatly reduced. In a sense, depositors would have a means of keeping a bank “honest” if Garfield had his way. Now before his election the bankers may have thought he would be useful since he did oppose silver which the banks hated because again it competed with their National Bank notes. However, the reason Garfield opposed silver was because it had been overvalued as compared to gold but it became clear that he would be open to silver money if the exchange of Gold to Silver would be more equitable. Anyway, to get back to the main point here, we can plainly see that President Garfield was not happy with the fact that a few powerful bankers had the power to control the volume of money in circulation, which he rightly equated with them being the unknown masters of society. A few weeks after he is recorded as making that daring attack on the banking elite, he was shot by his eventual assassin. I say eventual because he did not die on the spot. It was a slow death that was hastened by his doctors that ruptured his liver while apparently attempting to remove a bullet. Thomas Edison even tried to help with this difficult bullet inventing a metal detector to find it, but to no avail. What was the result? Ten years later the letter below was issued by the American Bankers Association in 1881. While reading the quote keep in mind that they are talking about what they will do three full years in advance:

“On September 1st, 1894, we will not renew our loans under any consideration. On September 1st we will demand our money. We will foreclose and become mortgagees in possession. We can take two-thirds of the farms west of the Mississippi, and thousands of them east of the Mississippi as well, at our own price… Then the farmers will become tenants as in England.”

So the letter, while sounding sinister also sounds like they will just be enforcing their legal options – which is true. However, if Garfield had lived he would have drastically limited the power of the banks, or at least attempted to by limiting their ability for the banks to create money out of thin air. With the laws remaining in their favor it made the above letter more than idle words. It may be wise to reflect on these statements made by Lincoln and Garfield and ask yourself this question: when was the last time you heard a President ardently denounce the banking system (not just bonuses to banking CEO’s which ironically could be considered one of the more legitimate aspects of banking by comparison)? Well, while you are thinking of the answer we will just tell you to make it easier: John F. Kennedy. John F. Kennedy Now, historically speaking, the Kennedy family was involved in many shady business dealings that are well documented and don’t need to be harped on here. My point in bringing it up is not to brand the Kennedy family as corrupt boot-legging Nazi-collaborators (although there is evidence to that effect) but to point out that the banking establishment had reason to believe that JFK would have been easy to manipulate. Also, he expressed in his campaign support for various spending programs that had the potential to put the government in greater debt to the banks by running deficits.

However, shortly after JFK became President they were abruptly woken up by the fact that JFK was not afraid to discuss some touchy topics. Indulge me a bit in the following simplified timeline: January 20th, 1961 – JFK enters office as the President of the United States. Three months later he gives what is often referred to as the “Secret Societies” speech to the American Newspaper Publishers Association. In this speech he says that America had been “inherently and historically opposed to secret societies, to secret oaths and secret proceedings.” He then went on to describe what can only be a description of the international banking elite when he said “we are opposed around the world by a monolithic and ruthless conspiracy that relies on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations. Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed.” Some may say he was simply referring to the soviet empire, but yet if so there would be no reason to leave out any reference to the Russians. Also the connection to secret societies would have no relevance in the context of the Cold War. Not too say that they didn’t play a part in this “monolithic conspiracy” of which he was referring. We could speculate all day about the finer details but what is of much greater use is to examine the public record. There were a few significant steps that Kennedy was taking that would have been hubris in the banking community. First, on October 11, 1963, Kennedy signed NSAM 263, initiating a withdrawal of 1,000 troops (roughly 5 – 10%) from the American presence in Vietnam. Other documents, including planning documents from the spring of 1963, show that this was the first step in a planned complete withdrawal. There is always some question with regard to government documents because often times there are several contradictory plans that are being championed by different interests in an administration.

What is known for a certainty is that the bankers, who had financed both sides of every war since the days of Napoleon, made major profits financing the war. In recent history, the banks are set up in multiple ways to profit from war. The most direct way is by ownership in most of the defense companies. Every company, individual and even government are in debt to the banks paying vast sums of interest to them annually which they shrewdly use to increase their ownership of not only defense companies but the Fortune 500 which they own directly and indirectly via holdings of the Federal Reserve. Another way the bankers, who own and control the Federal Reserve Corporation, make out in war time is by the debt built up by the Government which is justified as needed to win the war. Remember when the Government goes into deficit territory it makes up the budget difference by going to the federal reserve and giving them an IOU (or treasury bond) in exchange for newly created money. What is also a matter of public record is what happened in Vietnam after JFK was assassinated; President Johnson drastically escalated the logistics police action into an all out war. I bring up Vietnam first because in actuality there was something much more threatening JFK had done to the banking elite. Wars come and go, but one thing the bankers don’t ever want to lose is their authority to create money. Now JFK wasn’t about to take that power away from banks, but he did take an enormously significant step in that direction with the signing of Executive Order 11110. There is a scant description of the order on Wikipedia (http://en.wikipedia.org/wiki/Executive_Order_11110) but it does not express the significance of this order. Executive Order 11110 ordered the re-circulation of more silver certificates, among other provisions. This may sound in itself insignificant, but remember that these silver certificates were “United States Notes” that were issued by the Treasury and represented real silver. This form of money, which was essentially Lincoln’s greenbacks, could be issued by the government and spent without creating debt. Just like the Vietnam troop withdrawal this was just a first step towards fulfilling Lincoln’s dream that “The Government should create, issue, and circulate all the currency…” as we discussed earlier. This would have put the power to issue money back in the hands of the government and taken it away (at least partially) from private bankers. That should strike the average person as strange that bankers can, in any way, create or issue money. This strange privileged has been compared to putting the police department under the control of the Mafia. It took just five months after the signing of Executive Order 11110, and just one month after the signing of the first troop withdrawal from Viet Nam, for John F. Kennedy to be assassinated. Every President since has steadily increased the power of the privately owned Federal Reserve and none has said so much as a word about the reintroduction of the “greenbacks”, the United States Notes. The 150 year struggle for the central bankers not to take over has been nearly erased from the history books and no one in the media ever questions why we all walk around with money that proudly declares it was issued by a privately owned bank with the words “Federal Reserve Note”.

By

Jordan Kaufman

Jordan is host of the Las Vegas based radio program Corruption Radio, on KDWN 720 AM and is editor and main contributor of CorruptionRadio.com

Send Jordan your comments to Jordan@CorruptionRadio.com (VM: 702-560-1948). Follow on Twitter: CorruptionShow

Jordan Kaufman is host of the Las Vegas based radio program Corruption Radio, on KDWN 720 AM and is editor and main contributor of CorruptionRadio.com

Send Jordan your comments to Jordan@CorruptionRadio.com (VM: 702-560-1948). Follow on Twitter: CorruptionShow

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Miami FHA Home Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

July 10th, 2010 by Bank Loan | No Comments | Filed in Loans

Miami FHA Home Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

 Miami FHA Home  Loans -((97% W/530 FICO)) Buying a Miami Home using a FHA Mortgage

Miami Dade County Mortgage

Providing mortgage solutions for real estate buyers and owners throughout the Miami Dade county area.

Like many home buyers and homeowners looking for a mortgage in Miami and Dade county, 1st Continental Mortgage has weathered the storm and come out stronger and wiser. With a keen focus on core principles and products like the FHA home loan, we’re ready and able to make a broad range of real estate loans throughout Miami Dade County.

Mortgage Programs With Minimal Down payment and Closing Cost

Down payment less than 3% of Sales Price 100% Financing options available Seller can credit up to 6% of sales price towards buyers costs. No cash or bank reserves are required. FHA regulated closing costs.

Easier Credit Qualifying Guidelines

No minimum Credit Score or credit score requirements. FHA will allow a home purchase 1 year after a Bankruptcy. FHA will allow a home purchase 2 year after a Foreclosure.

Apply now at www.FHAmortgagePrograms.com

A Dade County Mortgage Lender with Years of Experience!
Experience counts when choosing a mortgage lender, especially in the current Dade County real estate market where home values have slipped and lenders are scrutinizing loan applications far more closely.

It is especially important for first-time home buyers in Dade County communities like Miami Beach and Coral Gables to work with a knowledgeable, service-oriented, and experienced residential loan expert like the ones at 1st Continental Mortgage. Call today at 1-800-570-0448.

Dade County’s FHA Home Loan Boom

As experts in Dade County FHA loans, 1st Continental home loan specialists have helped first time home buyers in communities such as Aventura and West Miami, FL secure the funding necessary to buy homes.

With low interest rates and a glut of homes on the market in Dade County, it’s an excellent time for renters to become first time home buyers in Miami-Dade communities from Bal Harbor to Virginia Gardens.

Because FHA home loans are government backed, lenders making loans on property in Dade County can qualify buyers who have less than perfect credit so long as they have a stable employment history, have a modest down payment, and meet the other FHA home loan requirements.

In the last 6 months, we have seen record numbers of applications for FHA financing from Dade County from cities like Opa-Loca, Pinecrest, and Miami Gardens.

To learn more about the FHA home loan program or to apply for an FHA mortgage in Dade County cities such as North Miami or North Miami Beach, call 1st Continental Mortgage at1-800-570-0448.

Working with experienced Dade County FHA lender will help you get the right home loan. You will have a broker with substantial experience in FHA mortgages, government guaranteed VA home loans, and other special mortgage programs for which you may qualify helping you secure the right loan to buy your Dade County home.

Very few things are worse for you as a home buyer than working with a mortgage broker without enough experience in FHA loans to properly prepare and document a loan application. At a minimum, it delays getting your financing approved. At worst, it can result in your missing your closing date, losing out on a home you want, or not getting approved for an FHA loan at all.

Preparing to Buy a Home in Dade County: Mortgage Pre qualification and Mortgage Pre approval

When a home priced below market in Sunny Isles Beach, FL or Miami Springs, FL comes on the market, it doesn’t last. The selling agent is going to accept the best offer from a pre-approved buyer because he or she does not want to tie up the property with a Home Buyer who can’t get the mortgage financing to close the deal.

Many Dade County real estate agents insist on getting a pre-approval letter with any offer. Because some Dade County mortgage brokers were doing pre qualification letters on nothing more than a conversation with a potential buyer – no credit check, no verification of employment or assets – many Dade County Realtors now require more than a pre qualification letter to accompany any offer to buy.

What does that mean to you?

Get a mortgage pre approval before you look at any homes in Bay Harbor Islands, FL or Florida City or anywhere in Dade County. You will know exactly how much home you can afford, and selling agents will be more likely to accept your offer because you have demonstrated your ability to get financing for your Dade County home.

How Having the Right Mortgage Lender Helps You

Many Dade County home buyers focus on finding the perfect home, not on finding the right mortgage lender to help them get the best loan to finance it. As a result, they pay higher-than-necessary interest rates and get home loans with less than ideal terms.

A good mortgage lender will help you by doing these things:

Doing the preliminary work to give you an accurate picture of the price range of Dade County home that you can afford: Whether you are qualifying for a Jumbo loan to buy a luxury condo in South Miami or a manufactured home loan to buy a lot and home in Homestead, Florida, you need to know how large a loan you can get before you start home shopping in Dade County; Identifying the best mortgage program to use to buy your home in Doral or Key Biscayne or any other Dade County community: The team of mortgage brokers from 1st Continental Mortgage will be happy to help you compare Dade County mortgage programs to assure you of getting the best combination of rate and terms on your home purchase or refinance; Explaining the documentation required to get your Dade County home loan: Your licensed FL mortgage broker will assemble your loan package and check that you have met your lender’s requirements before he submits your loan package to the lender; Giving you an accurate good faith estimate on your Dade County home loan: Some Dade County brokers are notorious for playing games with the numbers on their good faith estimates. They underestimate insurance costs or taxes or omit line items to make the bottom line on their good faith estimates come in lower than those of other Dade County mortgage brokers. These shady mortgage brokers count on the fact that their deception will not become apparent to the home buyer until the HUD arrives right before the closing. Then, the home buyer will pay the difference just to avoid having to start over with another mortgage broker and Florida mortgage lender. It’s unethical, but mortgage brokers in Miami, FL and Miami Shores Village, FL do it all the time. It’s no way to earn a reputation as a competent and customer-focused mortgage broker in Dade County. Expect a properly prepared good faith estimate and white glove service from 1st Continental Mortgage, whether you are buying a home in Hialeah, Miami Springs or any of the other cities in Dade County. Keeping you updated on the progress of your lender in approving your financing for your Dade County home: 1st Continental Mortgage will be proactive in keeping you informed of the status of your Dade County home loan and in dealing with any issues that might delay the closing of your Dade County FHA loan in Hialeah Gardens or any other Dade County neighborhood. Whether you are refinancing an ARM in South Bay Village or getting a mobile home loan in Pahokee, we will give you the best combination of interest rates and terms on your Dade County mortgage. Coordinating the activities of the many professionals who play a role in getting your Dade County home loan closed: Your 1st Continental Dade County mortgage specialist will be your liaison in dealing with Realtors, appraisers, home inspectors, underwriters, title company representatives, etc. You can relax knowing that your mortgage broker is taking care of the details so that your closing will happen on-time and without any surprises.

1st Continental Mortgage’s mortgage pros will be your single point of contact for your mortgage in Biscayne Park or El Portal or any other Dade County city. Call them today at 800-570-0448.

Dade County Pre foreclosure and Bank Owned Properties Attract Miami Real Estate Investors

Prices that are much lower than a year or two ago and the high rate of foreclosure on sub-prime mortgages has created strong interest in Dade County real estate among real estate investors. Many of our best repeat mortgage customers in Dade County are real estate investors purchasing pre-foreclosure homes in cities like Medley, FL or South Miami or rehabbers buying and flipping REOs in Surfside or Sweetwater.

Seasoned real estate investors recognize that now is an excellent time to be bargain hunting in Dade County’s real estate market. With the long term prospects for continued population growth and with good prospects for the Dade economy, now may be the right time to buy investment property in Dade County.

FHA 203b home loans allow qualified home buyers to borrow 100% of the purchase price of a home and up to 00 to make repairs on Fannie Mae foreclosures. FHA home loans and specialized home loans such as the FHA 203b loan have been popular home loans for investing in Miami Dade County real estate.

Whether you are buying a first home with an FHA mortgage in North Bay Village, building a custom luxury home in Islandia, or looking to buy a bargain priced pre foreclosure using a conventional mortgage in Indian Creek Village, you should start now by calling 1st Continental Mortgage at 1-800-570-0448. Don’t miss the best opportunity to buy a home in Dade County in decades.

http://www.fhamortgageprograms.com/florida/Dade-County/

http://www.fhamortgageprograms.com/faq/fha.shtml

http://www.fhamortgageprograms.com/mortgage/fha-loan-program.shtml

http://www.fhamortgageprograms.com/

http://www.fhamortgageprograms.com/florida/Miami/

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