| Below/ Barbara Ehrenreich is interviewd by By Bill Moyers Bill Moyer's Journal - Rising Inequality in America - Part 1 Bill Moyer's Journal - Rising Inequality in America - Part 2 |
Stock Trades on UAL and AAL
Airlines Used on 9-11 Targeted by
Short-Selling Before Attack
Financial transactions in the days before the attack
suggest that certain individuals tried to use
foreknowledge of the attack to reap huge profits. The
transactions included purchases of five-year U.S.
Treasury notes and the purchase of put options on
United Airlines and American Airlines, the two airlines
used in the attack. U.S. Treasury notes are among the
best investments in the event of an international crisis,
and put options are a kind of leveraged bet that allows
the holder to profit from declines in the value of the
stock. The purchase of put options is also known as
short-selling. Michael Ruppert has researched the
short-selling of UAL and AAL stocks in detail. He wrote:
Between September 6 and 7, the Chicago Board
Options Exchange saw purchases of 4,744 put options
on United Airlines, but only 396 call options. Assuming
that 4,000 of the options were bought by people with
advance knowledge of the imminent attacks, these
insiders would have profited by almost $5 million.
On September 10, 4,516 put options on American
Airlines were bought on the Chicago exchange,
compared to only 748 call options. Again, there was no
news at that point to justify this imbalance; Again,
assuming that 4,000 of these options trades represent
insiders, they would represent a gain of about $4 million.
[The levels of put options purchased above were more
than six times higher than normal.]
No similar trading in other airlines occurred on the
Chicago exchange in the days immediately preceding
Black Tuesday.
Morgan Stanley Dean Witter & Co., which occupied 22
floors of the World Trade Center, saw 2,157 of its
October $45 put options bought in the three trading
days before Black Tuesday; this compares to an
average of 27 contracts per day before September 6.
Morgan Stanley's share price fell from $48.90 to $42.50
in the aftermath of the attacks. Assuming that 2,000 of
these options contracts were bought based upon
knowledge of the approaching attacks, their purchasers
could have profited by at least $1.2 million.
Merrill Lynch & Co., which occupied 22 floors of the
World Trade Center, saw 12,215 October $45 put
options bought in the four trading days before the
attacks; the previous average volume in those shares
had been 252 contracts per day [a 1200% increase!].
When trading resumed, Merrill's shares fell from $46.88
to $41.50; assuming that 11,000 option contracts were
bought by insiders, their profit would have been about
$5.5 million.
European regulators are examining trades in
Germany's Munich Re, Switzerland's Swiss Re, and AXA
of France, all major reinsurers with exposure to the
Black Tuesday disaster. [FTW Note: AXA also owns
more than 25% of American Airlines stock making the
attacks a double whammy for them.]
On September 29, 2001 the San Francisco Chronicle
reported, Investors have yet to collect more than $2.5
million in profits they made trading options in the stock
of United Airlines before the Sept. 11, terrorist attacks,
according to a source familiar with the trades and
market data.
"The uncollected money raises suspicions that the
investors whose identities and nationalities have not
been made public had advance knowledge of the
strikes. They don't dare show up now. The suspension
of trading for four days after the attacks made it
impossible to cash-out quickly and claim the prize
before investigators started looking."
"October series options for UAL Corp. were purchased
in highly unusual volumes three trading days before the
terrorist attacks for a total outlay of $2,070; investors
bought the option contracts, each representing 100
shares, for 90 cents each. [This represents 230,000
shares]. Those options are now selling at more than
$12 each. There are still 2,313 so-called put options
outstanding [valued at $2.77 million and representing
231,300 shares] according to the Options
Clearinghouse Corp."
"The source familiar with the United trades identified
Deutsche Bank Alex Brown, the American investment
banking arm of German giant Deutsche Bank, as the
investment bank used to purchase at least some of
these options. This was the operation managed by
Krongard until as recently as 1998."
Airlines Used on 9-11 Targeted by
Short-Selling Before Attack
Financial transactions in the days before the attack
suggest that certain individuals tried to use
foreknowledge of the attack to reap huge profits. The
transactions included purchases of five-year U.S.
Treasury notes and the purchase of put options on
United Airlines and American Airlines, the two airlines
used in the attack. U.S. Treasury notes are among the
best investments in the event of an international crisis,
and put options are a kind of leveraged bet that allows
the holder to profit from declines in the value of the
stock. The purchase of put options is also known as
short-selling. Michael Ruppert has researched the
short-selling of UAL and AAL stocks in detail. He wrote:
Between September 6 and 7, the Chicago Board
Options Exchange saw purchases of 4,744 put options
on United Airlines, but only 396 call options. Assuming
that 4,000 of the options were bought by people with
advance knowledge of the imminent attacks, these
insiders would have profited by almost $5 million.
On September 10, 4,516 put options on American
Airlines were bought on the Chicago exchange,
compared to only 748 call options. Again, there was no
news at that point to justify this imbalance; Again,
assuming that 4,000 of these options trades represent
insiders, they would represent a gain of about $4 million.
[The levels of put options purchased above were more
than six times higher than normal.]
No similar trading in other airlines occurred on the
Chicago exchange in the days immediately preceding
Black Tuesday.
Morgan Stanley Dean Witter & Co., which occupied 22
floors of the World Trade Center, saw 2,157 of its
October $45 put options bought in the three trading
days before Black Tuesday; this compares to an
average of 27 contracts per day before September 6.
Morgan Stanley's share price fell from $48.90 to $42.50
in the aftermath of the attacks. Assuming that 2,000 of
these options contracts were bought based upon
knowledge of the approaching attacks, their purchasers
could have profited by at least $1.2 million.
Merrill Lynch & Co., which occupied 22 floors of the
World Trade Center, saw 12,215 October $45 put
options bought in the four trading days before the
attacks; the previous average volume in those shares
had been 252 contracts per day [a 1200% increase!].
When trading resumed, Merrill's shares fell from $46.88
to $41.50; assuming that 11,000 option contracts were
bought by insiders, their profit would have been about
$5.5 million.
European regulators are examining trades in
Germany's Munich Re, Switzerland's Swiss Re, and AXA
of France, all major reinsurers with exposure to the
Black Tuesday disaster. [FTW Note: AXA also owns
more than 25% of American Airlines stock making the
attacks a double whammy for them.]
On September 29, 2001 the San Francisco Chronicle
reported, Investors have yet to collect more than $2.5
million in profits they made trading options in the stock
of United Airlines before the Sept. 11, terrorist attacks,
according to a source familiar with the trades and
market data.
"The uncollected money raises suspicions that the
investors whose identities and nationalities have not
been made public had advance knowledge of the
strikes. They don't dare show up now. The suspension
of trading for four days after the attacks made it
impossible to cash-out quickly and claim the prize
before investigators started looking."
"October series options for UAL Corp. were purchased
in highly unusual volumes three trading days before the
terrorist attacks for a total outlay of $2,070; investors
bought the option contracts, each representing 100
shares, for 90 cents each. [This represents 230,000
shares]. Those options are now selling at more than
$12 each. There are still 2,313 so-called put options
outstanding [valued at $2.77 million and representing
231,300 shares] according to the Options
Clearinghouse Corp."
"The source familiar with the United trades identified
Deutsche Bank Alex Brown, the American investment
banking arm of German giant Deutsche Bank, as the
investment bank used to purchase at least some of
these options. This was the operation managed by
Krongard until as recently as 1998."
The Money Masters -
Play Video> Part 1 Part 2
The Money Masters the documentary discuss the topics
of money (as it relates to central banking and fractional
reserve banking), debt, taxes and their development
throughout the modern world.
[edit] Private central banking and fractional reserve
banking The documentary criticises the control aspects
of modern centralized banking systems and regulation.
The film uses as evidence the history of money and
banking, showing the viewer how central banks came to
be what they are today, and how they operate. It
supports its assertions by references and quotations
from past Presidents and major players in the banking
industry.
Play Video> Part 1 Part 2
The Money Masters the documentary discuss the topics
of money (as it relates to central banking and fractional
reserve banking), debt, taxes and their development
throughout the modern world.
[edit] Private central banking and fractional reserve
banking The documentary criticises the control aspects
of modern centralized banking systems and regulation.
The film uses as evidence the history of money and
banking, showing the viewer how central banks came to
be what they are today, and how they operate. It
supports its assertions by references and quotations
from past Presidents and major players in the banking
industry.
Historical Value of the U.S. Dollar
What one dollar was worth in
constant 2005 dollars.
1820-1850 $13.28
1850-1875 $13.14
1875-1900 $14.85
1900-1925 $11.38
1935 $9.91
1945 $7.56
1965 $4.31
1975 $2.35
1985 $1.26
1995 $1.20
2005 $1.00
What one dollar was worth in
constant 2005 dollars.
1820-1850 $13.28
1850-1875 $13.14
1875-1900 $14.85
1900-1925 $11.38
1935 $9.91
1945 $7.56
1965 $4.31
1975 $2.35
1985 $1.26
1995 $1.20
2005 $1.00
NEW$
the fed is run like a crooked poker game.
Educate your self your family and friends.
the fed is run like a crooked poker game.
Educate your self your family and friends.
LINK$
Links to banking institutions, information,
alternative currency and precious metals.
Links to banking institutions, information,
alternative currency and precious metals.
Who Owns the Federal Reserve?
Reuters News
Gold Price .org
New York Stock Exchange
Chicago stock Exchange
Chicago Mercantile Exchange
London Stock Exchange
Tokyo Stock Exchange
CNN Money Magazine
Smart Money. com
MSN Money. com
Reuters News
Gold Price .org
New York Stock Exchange
Chicago stock Exchange
Chicago Mercantile Exchange
London Stock Exchange
Tokyo Stock Exchange
CNN Money Magazine
Smart Money. com
MSN Money. com
NEW$
The Rich Get Richer
WITH MEDICAID and food stamps on the chopping block,
the House of Representatives is about to vote for a $290
billion tax break for the richest sliver of Americans. The
subject is, once again, the estate tax. Under the
convoluted, dishonest plan Congress approved in 2001,
the estate tax was to be gradually reduced and
eliminated by 2010, only to spring back the following year
to its 2001 level: a tax of 55 percent on estates of $1
million or more. Tomorrow the House is set to vote to
keep full repeal in place after 2010.
This is unnecessary, irrational and unaffordable. Those
who inveigh against the "death tax" point to the travails of
family farmers and other small-business owners whose
heirs are supposedly forced to liquidate enterprises to
pay the tax bill. In fact, even if the estate tax were to
revert in 2011 to its 2001 level -- and no one believes
that the exemption will remain at $1 million -- it would
affect the estates of only 2 percent of those expected to
die that year. At $3.5 million (and $7 million for a couple)
-- the level proposed in a Democratic alternative
sponsored by Rep. Earl Pomeroy (N.D.) -- a mere
three-tenths of 1 percent of estates would be covered. In
other words, no one but the richest Americans would be
asked to pay estate tax.
Moreover, an analysis by the Urban Institute-Brookings
Institution Tax Policy Center supports the contention that
the family forced to sell its farm to pay the tax is, if not a
fiction, close to it. Looking at situations in which farm and
business assets represent most of the estate, the Tax
Policy Center found that there would be just 50 affected
in 2011 in the entire country if the exemption were set at
$3.5 million.
The true cost of repeal is far higher than $290 billion, an
amount that covers only the first few years of making
repeal permanent. The bill for a full 10 years without
estate tax would be $745 billion -- close to $1 trillion if
you throw in increased interest payments. In contrast,
raising the exemption level to $3.5 million and setting the
tax rate at 47 percent would cost less than a third of that;
$21 billion in 2015 compared to $71 billion for full repeal.
The effective rate would be far less than 47 percent,
because the tax is levied only on the amount above the
exemption and state payments and charitable bequests
also reduce the tab.
The estate tax is a tough vote for some lawmakers in part
because of the enormous amount of misinformation
surrounding it. House members who fear that a vote for
the more responsible Pomeroy alternative will be used
against them should ask themselves two questions: Will
my constituents really punish me for a vote to exempt
99.7 percent of estates from taxation? And how can I
justify adding to the deficit, or cutting other programs, to
underwrite a costly tax break for the extremely rich?
WITH MEDICAID and food stamps on the chopping block,
the House of Representatives is about to vote for a $290
billion tax break for the richest sliver of Americans. The
subject is, once again, the estate tax. Under the
convoluted, dishonest plan Congress approved in 2001,
the estate tax was to be gradually reduced and
eliminated by 2010, only to spring back the following year
to its 2001 level: a tax of 55 percent on estates of $1
million or more. Tomorrow the House is set to vote to
keep full repeal in place after 2010.
This is unnecessary, irrational and unaffordable. Those
who inveigh against the "death tax" point to the travails of
family farmers and other small-business owners whose
heirs are supposedly forced to liquidate enterprises to
pay the tax bill. In fact, even if the estate tax were to
revert in 2011 to its 2001 level -- and no one believes
that the exemption will remain at $1 million -- it would
affect the estates of only 2 percent of those expected to
die that year. At $3.5 million (and $7 million for a couple)
-- the level proposed in a Democratic alternative
sponsored by Rep. Earl Pomeroy (N.D.) -- a mere
three-tenths of 1 percent of estates would be covered. In
other words, no one but the richest Americans would be
asked to pay estate tax.
Moreover, an analysis by the Urban Institute-Brookings
Institution Tax Policy Center supports the contention that
the family forced to sell its farm to pay the tax is, if not a
fiction, close to it. Looking at situations in which farm and
business assets represent most of the estate, the Tax
Policy Center found that there would be just 50 affected
in 2011 in the entire country if the exemption were set at
$3.5 million.
The true cost of repeal is far higher than $290 billion, an
amount that covers only the first few years of making
repeal permanent. The bill for a full 10 years without
estate tax would be $745 billion -- close to $1 trillion if
you throw in increased interest payments. In contrast,
raising the exemption level to $3.5 million and setting the
tax rate at 47 percent would cost less than a third of that;
$21 billion in 2015 compared to $71 billion for full repeal.
The effective rate would be far less than 47 percent,
because the tax is levied only on the amount above the
exemption and state payments and charitable bequests
also reduce the tab.
The estate tax is a tough vote for some lawmakers in part
because of the enormous amount of misinformation
surrounding it. House members who fear that a vote for
the more responsible Pomeroy alternative will be used
against them should ask themselves two questions: Will
my constituents really punish me for a vote to exempt
99.7 percent of estates from taxation? And how can I
justify adding to the deficit, or cutting other programs, to
underwrite a costly tax break for the extremely rich?
NEWS$$
MONEY $$$$$$$
 |  |  |  |  |  |
Ronnie LoBello Editor
IRS Information
mostpeople don't
know
play movie
mostpeople don't
know
play movie
| ONE DOLLAR TALISMAN - 911 PROPHECY PART II - MAGICK MONEY MEDITATION Play Video |
America:
From Freedom to Fascism.
For years I've been encouraging people to read "The
Creature from Jekyll Island." It tells the story of how our
Federal Reserve System and "Income tax" came into
existence. It's a story of fraud and deception that will
leave most readers speechless; a story of how (and why)
America is intentionally being destroyed by men who
care nothing for our country. Unfortunately, the book is
nearly 600 pages long. Its length undoubtedly
discourages many from reading it.
This new documentary by Aaron Russo (America: From
Freedom to Fascism) does an excellent job of
summarizing many of the important points covered in
"The Creature from Jekyll Island." Aaron's film is every bit
as important (and perhaps more so in some ways)
because it makes this information accessible to the
masses. Every American who cares about the future of
this country needs to understand the underlying
mechanics of how it is being destroyed. You need to
know who is pulling the strings and what their ultimate
aim is. You need to WATCH this documentary. (And then
you need to read The Creature from Jekyll Island for the
full story!)
Click Here to Play (Google Video)
From Freedom to Fascism.
For years I've been encouraging people to read "The
Creature from Jekyll Island." It tells the story of how our
Federal Reserve System and "Income tax" came into
existence. It's a story of fraud and deception that will
leave most readers speechless; a story of how (and why)
America is intentionally being destroyed by men who
care nothing for our country. Unfortunately, the book is
nearly 600 pages long. Its length undoubtedly
discourages many from reading it.
This new documentary by Aaron Russo (America: From
Freedom to Fascism) does an excellent job of
summarizing many of the important points covered in
"The Creature from Jekyll Island." Aaron's film is every bit
as important (and perhaps more so in some ways)
because it makes this information accessible to the
masses. Every American who cares about the future of
this country needs to understand the underlying
mechanics of how it is being destroyed. You need to
know who is pulling the strings and what their ultimate
aim is. You need to WATCH this documentary. (And then
you need to read The Creature from Jekyll Island for the
full story!)
Click Here to Play (Google Video)
WATCH THIS VIDEO!
Money As Debt
A short film about money and how it is created and how
the world banking system works. (You MUST see this
film) Play video
Money As Debt
A short film about money and how it is created and how
the world banking system works. (You MUST see this
film) Play video
WATCH THIS SHORT VIDEO!
Nickle and Dimed, From the American Ruling
Class Read Story Here!
Nickle and Dimed, From the American Ruling
Class Read Story Here!
Don't Blame the Market for the Housing
Bubble.
The Federal Reserve provides the mother’s milk for the
booms and busts wrongly associated with a mythical
“business cycle.” Imagine a Brink's truck driving down a
busy street with the doors wide open, and money flying
out everywhere, and you’ll have a pretty good analogy
for Fed policies over the last two decades. Unless and
until we get the Federal Reserve out of the business of
creating money at will and setting interest rates, we will
remain vulnerable to market bubbles and painful
corrections. If housing prices plummet and millions of
Americans find themselves owing more than their
homes are worth, the blame lies squarely with Alan
Greenspan and Ben Bernanke. learn more
Bubble.
The Federal Reserve provides the mother’s milk for the
booms and busts wrongly associated with a mythical
“business cycle.” Imagine a Brink's truck driving down a
busy street with the doors wide open, and money flying
out everywhere, and you’ll have a pretty good analogy
for Fed policies over the last two decades. Unless and
until we get the Federal Reserve out of the business of
creating money at will and setting interest rates, we will
remain vulnerable to market bubbles and painful
corrections. If housing prices plummet and millions of
Americans find themselves owing more than their
homes are worth, the blame lies squarely with Alan
Greenspan and Ben Bernanke. learn more
NORFED and the Police State Deputy:
By Robert Jensen
An account of harassment and ignorance by a Travis
County Deputy who had to save face after being
exposed to NORFED and refused to acknowledge the
truth.
The following is an honest and frank account by the
victim, Bowie V. Ibarra, of what transpired on January 5,
2002 between an deputy sheriff officer who was
ignorant about the alternative currency, NORFED. The
account will also document his inability to distinguish
between counterfeit and lawful money and the resulting
harassment and intimidation by the officer due to his
inability to accept that his assessment of the money
was wrong. Continued.
By Robert Jensen
An account of harassment and ignorance by a Travis
County Deputy who had to save face after being
exposed to NORFED and refused to acknowledge the
truth.
The following is an honest and frank account by the
victim, Bowie V. Ibarra, of what transpired on January 5,
2002 between an deputy sheriff officer who was
ignorant about the alternative currency, NORFED. The
account will also document his inability to distinguish
between counterfeit and lawful money and the resulting
harassment and intimidation by the officer due to his
inability to accept that his assessment of the money
was wrong. Continued.
| NORFED National Organization for the Repeal of the Federal Reserve Act and Internal Revenue Code |
|
| THE VANISHING AMERICAN How much has the dollar depreciated? Try this calculator to find out. Click URL Below. www.minneapolisfed.org/rese arch/data/us/calc/ |
Fears of recession spark further
turmoil in markets
David Usborne
London Independent
Friday, March 2, 2007
Fresh anxiety erupted about the health of the world's
major economies yesterday after investors in stock
markets across Asia, Europe and the United States once
again staged significant retreats two days after
Tuesday's unexpected global equity sell-off. Read
More!
turmoil in markets
David Usborne
London Independent
Friday, March 2, 2007
Fresh anxiety erupted about the health of the world's
major economies yesterday after investors in stock
markets across Asia, Europe and the United States once
again staged significant retreats two days after
Tuesday's unexpected global equity sell-off. Read
More!
FIAT EMPIRE - Why the Federal
Reserve Violates the U.S.
Constitution WATCH IT NOW FREE!
This Telly Award-winning documentary, which features
presidential candidate RON PAUL, was inspired by the
book, "The Creature From Jekyll Island" by author and
FREEDOM FORCE founder, G. EDWARD GRIFFIN.
To order a high-quality "Director's Cut" DVD or VHS tape
(with up to 160-minutes of unedited ADDITIONAL
interviews) go to www.FiatEmpire.com/screener. To
instantly download a DVD-quality version of FIAT
EMPIRE, go to www.mecfilms.com/mid/orders/fiat4.htm or
www.PAY-PER-VIEW.com.
Find out why some feel the Federal Reserve's practices
are a violation of the U.S. Constitution and others feel it's
simply "a bunch of organized crooks." Discover why
experts agree the Fed is a banking cartel that benefits
mainly bankers and their corporate clients as well as a
Congress that would rather increase the National Debt to
$9 trillion than raise taxes. Find out how the corporate
media facilitates the partnership between the Fed and
Congress and why it fails to disclose what's going on.
Lastly, find out how the Federal Reserve member banks
are owned and controlled by an elite group of insiders.
Produced by attorney William L. Van Alen, Jr., this 1-hour
documentary is a co-production between Matrixx
Productions and Cornerstone Entertainment. In addition
to interviews by G. Edward Griffin and Congressman Ron
Paul (R-Texas), FIAT EMPIRE features interviews with
media expert/MOVIEGUIDE founder, DR. TED BAEHR, as
well as constitutional attorney, EDWIN VIEIRA, Ph.D.,
(with four degrees from Harvard). FIAT EMPIRE was
written and directed by Hollywood filmmaker, James
Jaeger, and narrated by Kris Chandler with music by
Jack Rooney. Associate producers are Ted Pollard
(author and former Commissioner of Radnor Township);
James E. Ewart (well-known author of MONEY) and
Kenneth Gullekson (formerly with DISNEY).
For more information on FIAT EMPIRE visit
www.FiatEmpire.com or the mirror site at
www.mecfilms.com/fiat.
For updates on Matrixx Production's new documentary,
ORIGINAL INTENT, and the release of the RON PAUL
Volunteer Edition of FIAT EMPIRE, stay tuned to
www.mecfilms.com/update.htm
For articles on important issues, see JAEGER
RESEARCH INSITUTE at www.mecfilms.com/universe
To make a difference, join FREEDOM FORCE at
www.freedomforceinternational.org
Reserve Violates the U.S.
Constitution WATCH IT NOW FREE!
This Telly Award-winning documentary, which features
presidential candidate RON PAUL, was inspired by the
book, "The Creature From Jekyll Island" by author and
FREEDOM FORCE founder, G. EDWARD GRIFFIN.
To order a high-quality "Director's Cut" DVD or VHS tape
(with up to 160-minutes of unedited ADDITIONAL
interviews) go to www.FiatEmpire.com/screener. To
instantly download a DVD-quality version of FIAT
EMPIRE, go to www.mecfilms.com/mid/orders/fiat4.htm or
www.PAY-PER-VIEW.com.
Find out why some feel the Federal Reserve's practices
are a violation of the U.S. Constitution and others feel it's
simply "a bunch of organized crooks." Discover why
experts agree the Fed is a banking cartel that benefits
mainly bankers and their corporate clients as well as a
Congress that would rather increase the National Debt to
$9 trillion than raise taxes. Find out how the corporate
media facilitates the partnership between the Fed and
Congress and why it fails to disclose what's going on.
Lastly, find out how the Federal Reserve member banks
are owned and controlled by an elite group of insiders.
Produced by attorney William L. Van Alen, Jr., this 1-hour
documentary is a co-production between Matrixx
Productions and Cornerstone Entertainment. In addition
to interviews by G. Edward Griffin and Congressman Ron
Paul (R-Texas), FIAT EMPIRE features interviews with
media expert/MOVIEGUIDE founder, DR. TED BAEHR, as
well as constitutional attorney, EDWIN VIEIRA, Ph.D.,
(with four degrees from Harvard). FIAT EMPIRE was
written and directed by Hollywood filmmaker, James
Jaeger, and narrated by Kris Chandler with music by
Jack Rooney. Associate producers are Ted Pollard
(author and former Commissioner of Radnor Township);
James E. Ewart (well-known author of MONEY) and
Kenneth Gullekson (formerly with DISNEY).
For more information on FIAT EMPIRE visit
www.FiatEmpire.com or the mirror site at
www.mecfilms.com/fiat.
For updates on Matrixx Production's new documentary,
ORIGINAL INTENT, and the release of the RON PAUL
Volunteer Edition of FIAT EMPIRE, stay tuned to
www.mecfilms.com/update.htm
For articles on important issues, see JAEGER
RESEARCH INSITUTE at www.mecfilms.com/universe
To make a difference, join FREEDOM FORCE at
www.freedomforceinternational.org
| THANK YOU! |
Feds Raid 'Liberty
Dollar' HQ in Ind.
By RYAN LENZ Nov.16,2007
EVANSVILLE, Ind. (AP) — Federal agents raided the
headquarters of a group that produces illegal currency
and puts it in circulation, seizing gold, silver and two
tons of copper coins featuring Republican presidential
candidate Ron Paul.
Agents also took records, computers and froze the
bank accounts at the "Liberty Dollar" headquarters
during the Thursday raid, Bernard von NotHaus,
founder of the National Organization for the Repeal of
the Federal Reserve Act & Internal Revenue Code,
said in an interview.
The organization, which is critical of the Federal
Reserve, has repeatedly clashed with the federal
government, which contends that the gold, silver and
copper coins it produces are illegal. NORFED claims its
Liberty Dollars are inflation free and can restore
stability to financial markets by allowing commerce
based on a currency that does not fluctuate in value
like the U.S. dollar.
"They're running scared right now and they had to do
something," von NotHaus told The Associated Press
Friday. "I'm volunteering to meet the agents and get
arrested so we can thrash this out in court."
According to the company, NORFED has produced an
estimated $20 million of its own paper currency in the
past two decades, claiming its $1, $5 and $10
denominations were backed by silver stored in Coeur
d'Alene, Idaho.
Federal agents also raided the group's storage
facilities in Idaho, von NotHaus said.
Wendy Osborne, a spokeswoman for the FBI's
Indianapolis office, declined to comment and referred
all questions to the U.S. attorney's office for the
Western District of North Carolina. Suellen Pierce, a
spokeswoman for that office, also declined to comment.
In a federal seizure warrant given to the AP by von
NotHaus, federal agents allege the money and other
properties seized in the raid were linked to money
laundering, mail fraud and wire fraud.
The raid comes eight months after von NotHaus filed a
lawsuit in federal court in Evansville seeking a
permanent injunction to stop the federal government
from labeling the Liberty Dollar an illegal currency.
The U.S. Mint issued a warning this year that the
Liberty Dollar violated the Constitution and warned
consumers against using them unsuspectingly.
Paul's campaign said it had not authorized production
of the Ron Paul dollars.
"We have no connection with that," said Jesse Benton,
a campaign spokesman for Paul. "He was using Ron as
a marketing technique. We didn't have anything to do
with that or sanction it or give permission in any way."
On the Net:
* http://www.libertydollar.org/
Dollar' HQ in Ind.
By RYAN LENZ Nov.16,2007
EVANSVILLE, Ind. (AP) — Federal agents raided the
headquarters of a group that produces illegal currency
and puts it in circulation, seizing gold, silver and two
tons of copper coins featuring Republican presidential
candidate Ron Paul.
Agents also took records, computers and froze the
bank accounts at the "Liberty Dollar" headquarters
during the Thursday raid, Bernard von NotHaus,
founder of the National Organization for the Repeal of
the Federal Reserve Act & Internal Revenue Code,
said in an interview.
The organization, which is critical of the Federal
Reserve, has repeatedly clashed with the federal
government, which contends that the gold, silver and
copper coins it produces are illegal. NORFED claims its
Liberty Dollars are inflation free and can restore
stability to financial markets by allowing commerce
based on a currency that does not fluctuate in value
like the U.S. dollar.
"They're running scared right now and they had to do
something," von NotHaus told The Associated Press
Friday. "I'm volunteering to meet the agents and get
arrested so we can thrash this out in court."
According to the company, NORFED has produced an
estimated $20 million of its own paper currency in the
past two decades, claiming its $1, $5 and $10
denominations were backed by silver stored in Coeur
d'Alene, Idaho.
Federal agents also raided the group's storage
facilities in Idaho, von NotHaus said.
Wendy Osborne, a spokeswoman for the FBI's
Indianapolis office, declined to comment and referred
all questions to the U.S. attorney's office for the
Western District of North Carolina. Suellen Pierce, a
spokeswoman for that office, also declined to comment.
In a federal seizure warrant given to the AP by von
NotHaus, federal agents allege the money and other
properties seized in the raid were linked to money
laundering, mail fraud and wire fraud.
The raid comes eight months after von NotHaus filed a
lawsuit in federal court in Evansville seeking a
permanent injunction to stop the federal government
from labeling the Liberty Dollar an illegal currency.
The U.S. Mint issued a warning this year that the
Liberty Dollar violated the Constitution and warned
consumers against using them unsuspectingly.
Paul's campaign said it had not authorized production
of the Ron Paul dollars.
"We have no connection with that," said Jesse Benton,
a campaign spokesman for Paul. "He was using Ron as
a marketing technique. We didn't have anything to do
with that or sanction it or give permission in any way."
On the Net:
* http://www.libertydollar.org/
Fed Steals Millions In Gold
Coins From American Citizens,
In Fear Of Ron Paul
Promotional Coins
Federal agents have reportedly stolen illegal "Liberty
Dollars" and other currency, including two tons of copper
coins bearing the likeness of GOP presidential candidate
Ron Paul.
The raid took place yesterday in Evansville, Ind., at the
headquarters of the National Organization for the Repeal
of the Federal Reserve Act & Internal Revenue Code, a
group that the government accuses of producing and
distributing illegal currency.
A spokesman for Paul says the GOP lawmaker has never
authorized the coins and has no connections with the
group or its currency.
"We have no connection with that," Jesse Benton tells
AP. "He was using Ron as a marketing technique. We
didn't have anything to do with that or sanction it or give
permission in any way."
Bernard von NotHaus is identified by the Evansville
Courier Press as "the group’s monetary architect."
NotHaus says he expects to be indicted on charges of
money laundering and wire fraud.
“I see this as a golden opportunity to go into court and
vindicate the Liberty Dollar as being legal and being the
solution to our great country’s monetary problems,” von
NotHaus said. “This is going to be a big trial. We’re going
to be putting Evansville on the map. Because money is
going to be on trial right there in Evansville.”
NotHaus wants to change U.S. monetary policy so that
the value of the dollar doesn't fluctuate. The U.S. Mint
says on its website that "it is a Federal crime to utter or
pass, or attempt to utter or pass, any coins of gold or
silver intended for use as current money except as
authorized by law."
This site purports to have copies of the search warrant
and related documents.
Coins From American Citizens,
In Fear Of Ron Paul
Promotional Coins
Federal agents have reportedly stolen illegal "Liberty
Dollars" and other currency, including two tons of copper
coins bearing the likeness of GOP presidential candidate
Ron Paul.
The raid took place yesterday in Evansville, Ind., at the
headquarters of the National Organization for the Repeal
of the Federal Reserve Act & Internal Revenue Code, a
group that the government accuses of producing and
distributing illegal currency.
A spokesman for Paul says the GOP lawmaker has never
authorized the coins and has no connections with the
group or its currency.
"We have no connection with that," Jesse Benton tells
AP. "He was using Ron as a marketing technique. We
didn't have anything to do with that or sanction it or give
permission in any way."
Bernard von NotHaus is identified by the Evansville
Courier Press as "the group’s monetary architect."
NotHaus says he expects to be indicted on charges of
money laundering and wire fraud.
“I see this as a golden opportunity to go into court and
vindicate the Liberty Dollar as being legal and being the
solution to our great country’s monetary problems,” von
NotHaus said. “This is going to be a big trial. We’re going
to be putting Evansville on the map. Because money is
going to be on trial right there in Evansville.”
NotHaus wants to change U.S. monetary policy so that
the value of the dollar doesn't fluctuate. The U.S. Mint
says on its website that "it is a Federal crime to utter or
pass, or attempt to utter or pass, any coins of gold or
silver intended for use as current money except as
authorized by law."
This site purports to have copies of the search warrant
and related documents.
Edward Griffin interview on The Liberty Dollar
The Liberty Dollar Is Helping Small Communities
Resurrect Their Local Economies
FBI Raids Liberty Dollar part 1of 3
FBI Raids Liberty Dollar part 2of 3
FBI Raids Liberty Dollar part 3of 3
Ron Paul on Liberty Dollar Raid
The Liberty Dollar Is Helping Small Communities
Resurrect Their Local Economies
FBI Raids Liberty Dollar part 1of 3
FBI Raids Liberty Dollar part 2of 3
FBI Raids Liberty Dollar part 3of 3
Ron Paul on Liberty Dollar Raid
BULLETIN:
Thursday, November 15, 2007
LIBERTY DOLLAR
RAIDED - JOIN CLASS
ACTION LAWSUIT!!!
Dear Liberty Dollar Supporters:
I sincerely regret to inform you that about 8:00 this
morning a dozen FBI and Secret Service agents raided
the Liberty Dollar office in Evansville.
For approximately six hours they took all the gold, all the
silver, all the platinum and almost two tons of Ron Paul
Dollars that where just delivered last Friday. They also
took all the files, all the computers and froze our bank
accounts.
We have no money. We have no products. We have no
records to even know what was ordered or what you are
owed. We have nothing but the will to push forward and
overcome this massive assault on our liberty and our
right to have real money as defined by the US
Constitution. We should not to be defrauded by the fake
government money.
But to make matters worse, all the gold and silver that
backs up the paper certificates and digital currency held
in the vault at Sunshine Mint has also been confiscated.
Even the dies for mint the Gold and Silver Libertys have
been taken.
This in spite of the fact that Edmond C. Moy, the
Director of the Mint, acknowledged in a letter to a US
Senator that the paper certificates did not violate
Section 486 and were not illegal. But the FBI and
Services took all the paper currency too.
The possibility of such action was the reason the Liberty
Dollar was designed so that the vast majority of the
money was in specie form and in the peoples hands. Of
the $20 million Liberty Dollars, only about a million is in
paper or digital form.
I regret that if you are due an order. It may be some
time until it will be filled... If ever... It now all depends on
our actions.
Everyone who has an unfulfilled order or has digital or
paper currency should band together for a class action
suit and demand redemption. We cannot allow the
government to steal our money! Please don't let this
happen!!! Many of you read the articles quoting the
government and Federal Reserve officials that the
Liberty Dollar was legal. You did nothing wrong. You are
legally entitled to your property. Let us use this terrible
act to band together and further our goal to return
America to a value based currency.
Please forward this important Alert... So everyone who
possess or use the Liberty Dollar is aware of the
situation.
Please click HERE to sign up for the class action lawsuit
and get your property back! If the above link does not
work you can access the page by copying the following
into your web browser.
http://www.libertydollar.org/classaction/index.php
Thanks again for your support at this darkest time as
the damn government and their dollar sinks to a new low.
Bernard von NotHaus
Monetary Architect
http://www.libertydollar.org/classaction/index.php
Thursday, November 15, 2007
LIBERTY DOLLAR
RAIDED - JOIN CLASS
ACTION LAWSUIT!!!
Dear Liberty Dollar Supporters:
I sincerely regret to inform you that about 8:00 this
morning a dozen FBI and Secret Service agents raided
the Liberty Dollar office in Evansville.
For approximately six hours they took all the gold, all the
silver, all the platinum and almost two tons of Ron Paul
Dollars that where just delivered last Friday. They also
took all the files, all the computers and froze our bank
accounts.
We have no money. We have no products. We have no
records to even know what was ordered or what you are
owed. We have nothing but the will to push forward and
overcome this massive assault on our liberty and our
right to have real money as defined by the US
Constitution. We should not to be defrauded by the fake
government money.
But to make matters worse, all the gold and silver that
backs up the paper certificates and digital currency held
in the vault at Sunshine Mint has also been confiscated.
Even the dies for mint the Gold and Silver Libertys have
been taken.
This in spite of the fact that Edmond C. Moy, the
Director of the Mint, acknowledged in a letter to a US
Senator that the paper certificates did not violate
Section 486 and were not illegal. But the FBI and
Services took all the paper currency too.
The possibility of such action was the reason the Liberty
Dollar was designed so that the vast majority of the
money was in specie form and in the peoples hands. Of
the $20 million Liberty Dollars, only about a million is in
paper or digital form.
I regret that if you are due an order. It may be some
time until it will be filled... If ever... It now all depends on
our actions.
Everyone who has an unfulfilled order or has digital or
paper currency should band together for a class action
suit and demand redemption. We cannot allow the
government to steal our money! Please don't let this
happen!!! Many of you read the articles quoting the
government and Federal Reserve officials that the
Liberty Dollar was legal. You did nothing wrong. You are
legally entitled to your property. Let us use this terrible
act to band together and further our goal to return
America to a value based currency.
Please forward this important Alert... So everyone who
possess or use the Liberty Dollar is aware of the
situation.
Please click HERE to sign up for the class action lawsuit
and get your property back! If the above link does not
work you can access the page by copying the following
into your web browser.
http://www.libertydollar.org/classaction/index.php
Thanks again for your support at this darkest time as
the damn government and their dollar sinks to a new low.
Bernard von NotHaus
Monetary Architect
http://www.libertydollar.org/classaction/index.php
Bailing Out Banks
There has been a lot of talk in the news recently about
the Federal Reserve and the actions it has taken over
the past few months. Many media pundits have been
bending over backwards to praise the Fed for
supposedly restoring stability to the market. This
interpretation of the Fed's actions couldn't be further
from the truth.
The current market crisis began because of Federal
Reserve monetary policy during the early 2000s in which
the Fed lowered the interest rate to a below-market rate.
The artificially low rates led to overinvestment in housing
and other malinvestments. When the first indications of
market trouble began back in August of 2007, instead of
holding back and allowing bad decision-makers to suffer
the consequences of their actions, the Federal Reserve
took aggressive, inflationary action to ensure that large
Wall Street firms would not lose money. It began by
lowering the discount rates, the rates of interest charged
to banks who borrow directly from the Fed, and
lengthening the terms of such loans. This eliminated
much of the stigma from discount window borrowing and
enabled troubled banks to come to the Fed directly for
funding, pay only a slightly higher interest rate but also
secure these loans for a period longer than just
overnight.
After the massive increase in discount window lending
proved to be ineffective, the Fed became more and more
creative with its funding arrangements. It has since
created the Term Auction Facility (TAF), the Primary
Dealer Credit Facility (PDCF), and the Term Securities
Lending Facility (TSLF). The upshot of all of these new
programs is that through auctions of securities or
through deposits of collateral, the Fed is pushing
hundreds of billions of dollars of funding into the financial
system in a misguided attempt to shore up the stability of
the system.
The PDCF in particular is a departure from the
established pattern of Fed intervention because it
targets the primary dealers, the largest investment banks
who purchase government securities directly from the
New York Fed. These banks have never before been
allowed to borrow from the Fed, but thanks to the Fed
Board of Governors, these investment banks can now
receive loans from the Fed in exchange for securities
which will in all likelihood soon lose much of their value.
The net effect of all this new funding has been to pump
hundreds of billions of dollars into the financial system
and bail out banks whose poor decision making should
have caused them to go out of business. Instead of
being forced to learn their lesson, these poor-performing
banks are being rewarded for their financial
mismanagement, and the ultimate cost of this bailout will
fall on the American taxpayers. Already this new money
flowing into the system is spurring talk of the next
speculative bubble, possibly this time in commodities.
Worst of all, the Treasury Department has recently
proposed that the Federal Reserve, which was
responsible for the housing bubble and subprime crisis
in the first place, be rewarded for all its intervention by
being turned into a super-regulator. The Treasury
foresees the Fed as the guarantor of market stability,
with oversight over any financial institution that could
pose a threat to the financial system. Rewarding poor
performing financial institutions is bad enough, but
rewarding the institution that enabled the current
economic crisis is unconscionable.
| Did Bush "cut the deficit in half"? |