Fall Of The Fed

Personalliberty.com

by Bob Livingston

It’s the beginning of the end of the system as we know it.

There are alarms sounding all around us. Some people hear them. Most people don’t.

Certainly the political class — the statist warriors championing the “isms” (progressivism, socialism, Marxism, totalitarianism) that infest Washington — don’t hear them. Like the hear-no-evil and see-no-evil monkeys, their hands cover their ears and eyes. Not their mouths, though. Evil pours out in everything they say.

The Tea Party protests were about changing the system, but they were just early warning signs. In the beginning, before they were co-opted — some, not all — behind the scenes by the Republican establishment, they were strictly a grassroots movement that sprang up from a growing disgust at the players in Washington. This was in 2008, when Ron Paul supporters were chanting “End the Fed,” and in the first half of 2009, when they were occupying Washington, D.C., and shouting “Kill the Bill.”

As the slave masters in Washington pushed America toward a European-style socialism model of governance — particularly with the Troubled Asset Relief Program (TARP), the American Recovery and Reinvestment Act (ARRA), Obamacare and talks of cap-and-trade legislation — the proles rose up and their numbers swelled

The elites and their corporate media propaganda arm, mainstream media, used all of the dirty tricks they knew to cast the proles, also known as the American middle class — small business owners, farmers, retirees, retired military, housewives, blue collar workers — Tea Party participants, as ignorant, racist hatemongers.

It wasn’t true. Of course, there were some of those there, as there are in any crowd. But by far, the vast majority were simply salt-of-the-earth Americans — content to earn a living, run their businesses, raise their kids, tend their yards and give scarcely a thought about Washington, D.C., except as a possible vacation destination or every two to four years at election time. They rose up in protest only because they had finally had enough.

But the elites didn’t hear them, didn’t see them, didn’t heed them. When the issues were settled in Congress over their objections, Tea Partiers went home. They didn’t trash their capital. They didn’t destroy police cars. They didn’t clash with the police. They cleaned up behind themselves and left. They were content they had done all they could by protesting. It was time for step No. 2.

They got to work behind the scenes. Some decided to run for office. Some decided to back like-minded individuals who wanted to run. For more than a year, they worked; and the fruits of their labor ripened on November 2010.

A few ism-pushers from both parties were swept from office. Democrat, Republican, it didn’t matter. Tea Partiers suffered some losses, to be sure, but more victories.

There is still much to be done. The Federal Reserve — that illegal entity that is not Federal (owned or operated by the government) and doesn’t hold reserves — continues to benefit the banking cartel and the elected class to the detriment of the American citizen.

There are still many ism-pushers in Congress, on both sides of the aisle, and in the Judicial Branch. And, oh yes, the Marxist inhabiting the White House is in full campaign mode. He’ll say and do anything to get re-elected in order to continue his drive to “fundamentally transform” America.

And then there’s the Republican beauty contest. The proles are watching it with growing interest. The field is less stable than fluid — more like vaporous.

The proles, also known as the electorate, are desperate to find a candidate who represents their values. They tried Michele Bachmann for a time. Rick Perry was next. Now, it’s Herman Cain. They know it’s not Mitt Romney, the big government, Romneycare flip-flopper representing the Northeast liberal Republican establishment. But the bigwig banksters and party elites are backing him. No surprise there. He’s one of them.

The MSM continue to denigrate, dismiss and black out Ron Paul. Paul is the guy who shares their values, though most can’t get past their ingrained prejudices to see it. The elites know his message of liberty, small government and sound monetary policy will resonate with those who pay more than passing attention. That is, people who can turn off “American Idol,” “Survivor” and “Monday Night Football” long enough to actually study who the candidates are and what they stand for beyond a 30-second sound bite.

The Occupy movement — whether it’s Wall Street, Chicago, Oakland or Atlanta — is another sign of what’s coming. Though most seem to be a misguided lot of misfits – seeking a system of strong socialism or even Marxism — their message of class warfare is resonating with many people.

But just as the Republican establishment tried to take over the Tea Party movement, the Democratic establishment is seeking to co-opt the Occupy movement. George Soros, the big unions, Nancy Pelosi and Barack Obama all see it as way to push their class-warfare agenda and achieve their socialist/Marxist utopia. The Obama State Department has also injected one of its activists into the movement. Ahmed Maher, who was funded by the State Department to coordinate the Egypt uprising, is now giving advice to the Occupy Wall Street group.

The right continues to cast aspersions at the Occupy movement, telling the Occupiers to “get a job.” If only it were that simple.

True unemployment stands between 16 percent and 20 percent. For blacks it’s even higher. Almost half of all black youths are unemployed. Government regulation, tax breaks encouraging businesses to move facilities and money out of the country and the uncertainties created by Obamacare, Dodd-Frank and other government overreach are keeping those numbers high.

The Tea Party groups were on to something in 2008 and 2009. They wanted to reign in government spending and government overreach. They are trying to do it through the system by influencing elections. There has been moderate success in that arena. The rank-and-file Tea Partiers are those who still believe in the system and will work within the rules to try and change it through elections. It’s almost too late for that… maybe it is too late.

The Occupy movement is on to something as well. They blame Wall Street for their troubles. Wall Street and the banksters share the blame, but, in truth, corporatocracy and the Federal Reserve are the roots of the problem and the problem must be dealt with root and branch. But the Occupy bunch remain trapped in the left/right paradigm and attack only those they view as on the right of the political spectrum and give a pass to those on the left.

In my book, Robbed Blind! Who’s Really to Blame for America’s Economic Crisis?, I explained how the Federal government stepped in and stopped State investigations seeking to reign in the fraudulent loan practices before the collapse in the Fall of 2008:

Instead of helping the States pursue those who were making fraudulent loans, both the OTS [Office of Thrift Supervision] and the OCC [Office of the Comptroller of the Currency] put out new rules that prohibited the States from enforcing rules that would slow down the fraudulent deals being made by the nationally chartered thrifts and banks. As a matter of fact, Julie Williams, who was chief counsel of the OCC, attended a meeting where she lectured States’ attorneys general against trying to control the fraud. She said the OCC would “quash” them if they kept on trying to go after the banks and thrifts.

When the FCIC [Financial Crisis Inquiry Commission] looked into these allegations, two former OCC comptrollers, John Hawke and John Dugan defended their actions by claiming they were, “defending the agency’s constitutional obligation to block state efforts to impinge on federally-created entities.”

But [Illinois Attorney General Lisa] Madigan told the FCIC that the OCC was, “particularly zealous in its efforts to thwart state authority over national lenders, and lax in its effort to protect consumers from the coming crisis.”

Even the U.S. Supreme Court got into the act of enabling the banksters. In 2003, the now-defunct Wachovia Bank told Michigan regulators it would not obey State laws because, as a national bank under the supervision of the OCC, it didn’t have to. When Michigan objected, Wachovia sued.

When the case finally wound its way to the Supreme Court four years later, the Court ruled 5-3 in favor of Wachovia. It turned out to be a hollow victory. Wachovia was soon swallowed up by Wells Fargo and the “too-big-to-fails” grew bigger.

The system, geared as it is to benefit the top 1 percent, is on an unsustainable path. The price of gold is one chapter of the story. The rise of the Tea Party is another chapter. The rise of the Occupy movement is another.

High unemployment, unprecedented government spending and money creation, the growing disparity between the haves and have-nots, class warfare angst ginned up by the political class, inflation: These are the danger signals.

In a few years, the system will be different. Just exactly what it will look like depends on who wins: the Tea Party, the Occupiers, the banksters or some other as-yet unseen entity. We are staring into an abyss of chaos and destruction. Beware and be wary