Sovereignthink

Upholding Individual, State then National Sovereignty against the Enforcement of Global Governence and Tyranny

Jekyll Island II – Greenspan Admits It Was All a Scam & Fraud – Federal Reserve Makes Trillion Dollar Decisions without Congress

with 22 comments


 The Creature Form Jekyll Island Returns. Welcome to Fed Island.

Greenspan admits that it was all a scam and fraud……

Alan Greenspan: ‘There are two fundamental reforms that we need; that is to get adequate capital and two to get far high levels of enforcement of fraud statues. Existing ones I’m not even talking about new ones.

Things were being done which were certainly illegal and clearly criminal in certain cases.  In which, I mean Fraud, Fraud is a Fact, Fraud Creates very considerable instability in competitive markets.

If you cannot trust your counter parties it won’t work and indeed we saw that it didn’t.’

November 5-6, 2010, Jekyll Island Club Hotel, Jekyll Island, King Georgia

Full Presentation 1:24:43

(FRB of Atlanta)

A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve

Alan Greenspan: ‘We’re not in the business of trying to create inflation…Our purpose is to provide some additional stimulus to help the economy recover and to avoid, potentially, additional disinflation.’

While admitting the house of cards, the avalanche that could be created, E. Gerald Corrigan: ‘there is a risk, however small, that once that nudge takes hold, it may not be easy to cap inflation and inflationary expectations at levels that are still broadly compatible with price stability.’

Bernanke is frustrated by the sharp public response to the Fed’s decision to begin a strategy of quantitative easing, that IS the Federal Reserve ‘creating’ debt based money to directly buy real tax backed debt based Treasury securities. For a Total Cartelization and Enslavement of the United States.

After Obama Slammed by Unilateral Fed Move China Returns Fire with Missle Launch off Los Angeles Coast

China flexed its military muscle Monday evening in the skies west of Los Angeles when a Chinese Navy Jin class ballistic missile nuclear submarine, deployed secretly from its underground home base on the south coast of Hainan island, launched an intercontinental ballistic missile from international waters off the southern California coast.

The reported Chinese missile test off Los Angeles came as a double blow to Obama. The day after the missile firing, China’s leading credit rating agency, Dagong Global Credit Rating, downgraded sovereign debt rating of the United States to A-plus from AA. The missile demonstration coupled with the downgrading of the United States financial grade represents a military and financial show of force by Beijing to Washington.

In 2008 the legislature made the decision to offer the largest ‘bailout’ for trouble assests in the history of the world.

On November 3rd the Federal reserve made the decision to buy the US Debt with the Debt based notes that it creates in it’s private vaults. The elected, accountable government was not involved in the decision.

China as the second largest holder of US debt (second only to the Private Federal Reserve Bank) is not happy with the Federal Reserves announcement that protects the Fraud that is a Fact of the US and Saxe-Coburg-Gotha international Financial System.

sovereignthink

 

News links

Zero Hedge - Watch Bernanke, Greenspan And Corrigan Live From Jekyll Island

NY Times – Bernanke Attempts to Soothe Doubters

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22 Responses

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  1. Howdy! This article could not be written any better!
    Looking at this post reminds me of my previous roommate!
    He continually kept preaching about this. I will send this article to him.
    Fairly certain he’ll have a good read. I appreciate you for sharing!

    Edwardo

    2013/06/05 at 3:30 am

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    Dexter

    2013/05/09 at 5:01 pm

  4. […] with the amount of fraud and corruption admittedly unchecked within its […]

  5. […] nation is crumbling, fraud, crime and those that imprison the Public that stand up against them must be brought to […]

  6. […] Federal Reserve Make Trillion Dollar Decisions without Congress, Greenspan Admits that it was All a… […]

  7. […] Federal Reserve Make Trillion Dollar Decisions without Congress, Greenspan Admits that it was All a… […]

  8. […] Ben Bernanke: “The state and local governments have some long term fiscal issues relating primarily both to pensions of state employees but also to health care promises which in most cases are almost entirely unfunded. So, those are long term obligations that could be as much as… collectively as much as two trillion dollars for all the sates together, in the long term.  Those are long run obligations that don’t come in…the near term…so these are some very serious long term pressures. […]

  9. […] Federal Reserve Make Trillion Dollar Decisions without Congress, Greenspan Admits that it was All a… […]

  10. Implementing the 2 step solution to the Fed induced crisis.

    http://www.ivamu.com/ivamupressrelease.htm

    PRESS RELEASE:

    FOR IMMEDIATE RELEASE

    SUBJECT: New invention: IVAMU = Intrinsic Value Added Monetary Unit provides

    Answers to Loss of Currency Values World-Wide

    A Brand New Currency Invention– A New Standard for Value of Money

    “Divers weights, [and] divers measures, both of them [are] alike an abomination to the LORD.” –Proverbs 20:10

    “Declare ye among the Nations, and Publish, and set up a Standard; Publish, [and] conceal not:” — Jeremiah 50:2

    IVAMU is a Brand New Currency and CONTAINS real precious metal, such as gold, silver and or platinum. It does not need to be declared as “backed by gold,” because this Paper Money contains flat and flexible precious metal–with thickness measured in microns within the currency itself.

    Claims of being ‘backed by gold’ are always suspect due to historical accounts of ‘accidental’ invention of what is called “fiat money” in which bankers permitted themselves to issue MORE currency than could be “backed by — gold!” Born of greed and concealed, it worked well for the charging of interest on loaned money until too many people DEMANDED their precious metals be DELIVERED BACK to the rightful owners or depositors. What is about to happen today is a good example. JP Morgan is selling un-backed silver contracts which certainly will result in a coming “Bank Holidays” once the people catch on to the banking and investment SCAM.

    Far better, IVAMU Currency *contains those precious metals!

    The designer of the concept, Ken Lowndes, says, “Some IVAMU may ‘only’ contain silver, while larger denomination currencies will contain gold or platinum. Some IVAMU denominations may even contain two or more metals. This answers the problem today of paper currency-backed-by-nothing except more paper.”

    He goes on to say, “The CONfidence game is over. We and our future generations will NOT be paying off the wicked Bankers! We will NEVER, EVER be their SLAVES. “

    For further information contact:

    Ken Lowndes @ 626-358-0108, or @ http://www.IVAMU.com or SKYPE @ IVAMUConnect

    –30

    ——————————————————————————–
    IN BRIEF:
    Monopolized Private Central Banks have created enormous problems – (the Federal Reserve is no more “federal” then is Federal Express) – not only of inflation, but also in how it depreciates the quality of human life itself. For instance, in the current economic climate the current bankers indulge in un-resisted temptation to grant “bail-outs,” using taxpayers to replace those funds placing world-wide hyper-inflation into high gear. In the process in desperation and in greed, they Murder the hopes of the American people.

    Fixing the (any) economy involves two steps:

    NOTE:

    Do not despair in thinking that fixing an economy can not be done …. it certainly can. Once the problem is properly Identified anyone can easily discover the SOLUTION.

    What is the problem?

    Fiat Money issued by the Central Banks, which is unregulated and privately issued, is therefore, dishonest money loaned at interest since their money costs them nothing off the printing press at the Bureau of Engraving and Printing.

    WHAT IS THE 2-Step SOLUTION?

    Remove and or suspend ALL interest FROM the economy, (can roll back inflation by up to 97%, especially within the USA), [SEE: http://www.perfecteconomy.com ] and,

    Issue the IVAMU as the New Currency Standard.

    “When the enemy shall come in like a flood, the Spirit of the LORD shall lift up a Standard against him”.– Isaiah 59:19

    This solution will fix the currency problems for any nation in the world. IVAMU’s precious metals-based currency will then enjoy world-wide acceptance for Standardized Value, no matter at what level it is issued. And, IVAMU Currency isn’t “phony” money! No, the IVAMU is all REAL because it contains the precious metal rather than referring to it to be transferred to an account at a later date or different place.

    Some Examples of which authorities may Issue this new currency includes:

    Churches,

    Private Barter or Script Companies,

    Tribes,

    Cities, Townships, Counties, and Parishes,

    State, Federal or National banks

    The IVAMU opens the door for EVERYONE to consider being their own “honest banker,” eliminating even the ‘perceived need’ for one world-wide, monopolistic Centralized Bank’s “Reserve Currency.”

    It defangs “Central Banking” into a neutral clearing house for transactions of “REAL MONEY”, and NOT dishonest “FIAT (Inflation based) MONEY”!

    cash.router@gmail.com

    Or Click to Return to: http://www.ivamu.com/

    ————————————————-

    Kenneth Lowndes

    2011/01/03 at 2:17 am

  11. […] Jekyll Island 2010 ‘the Dollar Dead’ – World Reserve Bankrupt – Greenspan Admits It Was All a Scam & Fraud […]

  12. […] 5-6, 2010, Jekyll Island Club Hotel, Jekyll Island, King […]

  13. […] 5-6, 2010, Jekyll Island Club Hotel, Jekyll Island, King […]

  14. […] 2010/11/11/jekyll-island/ […]

  15. […]  Private Federal Bank Fraud to Spend US into Third World Nation […]

  16. […]  Private Federal Bank Fraud to Spend US into Third World Nation […]


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