Sovereignthink

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

Posts Tagged ‘Bernanke

‘Gold is not money’… except in Utah

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Ron Paul was able to ask Fed Chair Bernanke is Gold Money?

MR. PAUL: Do you think gold is money?

MR. BERNANKE: No. It’s not money, it’s a precious metal…

MR. PAUL: Even if it has been money for 6,000 years, somebody reversed that and eliminated that economic law?

MR. BERNANKE: Well, it’s — you know, it’s an asset.

Bernanke who doled out almost 6 trillion to foreign banks in the 2008 bailout alone without congressional approval, does not value gold in his definition of what money is.

To Bernanke the only money is his monopoly ‘money’ that he gets to handout to  corporate trading partnerships. ‘It Ain’t Money If I Can’t Print It!’ as Peter Schiff’s article points out.

And before QE had begun, Read My Lips – The Federal Reserve will not monetize the debt!…But you did…so debt is money but gold is not. To Bernanke OUR debt to his banks is money, with admitted fraud or no…but gold is not money.

In Utah with the passage and enactment of the Utah Legal Tender Act, gold and silver can now be transferred into or out of Bernanke’s ‘money’ tax free and can also be used outright for the payment of taxes.

Utah Sound Money Legal Tender Act (TEXT – Enrolled)

Utah Silver and Gold Staged to Kill the Bank – Utah Vs Fed

Utah Liberates Silver – Enlisting All Citizens of Utah

Utah Silver Liberation Army – Theatre of Operation Beachhead Utah

Million OZ March – Silver and Gold in Every Pocket in Utah

Utah has clicked its real silver money together three times and returned home to reality.

We followed the money and the yellow brick road leads to the wall streets paved with gold; it leads to the multi national corporate conglomerates and industries the fed bailouts and supports.

 

-sovereignthink

Written by sovereignthink

2011/07/15 at 4:18 pm

States Bailout Accounts Zeroed Out – Trillions More For Bankers

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To Big to Fail Get $4 More Trillion With Trillions Already and More at the Ready For the Bankers and Wall Street

 While State and Local Municipalities will have “Bail Out” account “Zeroed Out” in 2011.

Bernanke Says Local Municipal Bond Markets? “Bottom line…seem to be doing okay” a.k.a. Still Inflatable with Real Assets Still Attached That Multi-National Investors are Still Buying and Know they can Collect on Under State Taxation Enforcement and Seize Under International Issuance Forfeiture Laws, Just Like the IMF and World Bank have done around the world. New Foreign Ownership of Local Water, Food, Energy, Mining by Private Multi-Nationals instead of the Local Re-Public Domain.

Ben Bernanke

Jan 7, 2011 01:20:18 –

Capitol Hill – “US Economic Outlook and Monetary Policy Hearing

Sen Joe Manchin VW : What I’d like to know is your opinion on Future Pension Liabilities of the both corporate and state government, the recent reports of the financial crisis that many of our states are facing in the very near term future. Have you all looked carefully at the possibility of a default on general obligations and municipal bonds by state and local government and the budget strains that could present to the US economy?

We’re concerned that Stimulus runs out June of this year. What happens if there is no more stimulus to come and there is no more ‘bailout’, if you will, and they can’t meet these long term obligations have you all looked at that or you spending any time on it?

Ben Bernanke: To some extent senator yes. Um no question state and local governments are under pressure, uum, they have been cutting spending and employment over the last couple years. Um…the…ahh Federal Assistance…uhh…will continue in twenty eleven but after twenty eleven it’s gonna be pretty much going to be zeroed out. I think.

And So One the one hand the States are sees some improvement in tax revenues as there has been some growth um on the other hand they are going to be losing some of the.. their federal assistance, so the pressures on the state budget and local municipal budgets are going to continue for a while and that is going to be a head wind for the economy as well as for the individual… individual states.

Um it’s also true, this is more the long run issue, that like the federal government 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.  Those are long run obligations that don’t come in…the near term…so these are some very serious long term pressures.

Now In terms of the municipal bond market it..its currently seems to be functioning reasonably well. Liquidity is…fine, Issuance has actually been very high, including issuance for capital projects. So we are not seeing extraordinary stress in the municipal markets. Which suggest Investors still are reasonably confident that there won’t be default among major borrows.

And the reason they might believe that is that most states have rules which put debt repayment and issuance repayments at a very high priority a…above many other obligations of the state and locality. Bottom line the municipal markets and the bond markets seem to be doing okay.

Understand who owns Your power company, your water companies and claim to the land.

This is a bubble that we can’t afford to sell oversea and we can’t afford to inflate and pop.

-sovereignthink

Utah Austerity – Strip Mining Bryce Canyon for Cheap “Federal Coal” Exports to China

Federal Reserve Make Trillion Dollar Decisions without Congress, Greenspan Admits that it was All a Scam and Fraud

Ben Bernanke Read My Lips – The Federal Reserve will not Monetize the Debt!

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

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 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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