September 19th, 2014
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HUZZAH: THE GOVERNMENT SAVES US FROM THE EVIL BANKSTERS….OR MAYBE NOT….

I couldn’t resist this one from The Daily Bell, because it so perfectly illustrates the incestuousness of the American oligarchical system, for make no mistake, that is what the form of government in this country has become:

Success! … CFPB’s ‘First Enforcement Action’

Remember all that call for more “regulation” from “outraged banksters” that such fraudulent and criminal behavior as robo-signing, un-regulated derivatives creation and discounting, and all the hand-wringing that accompanied it, could be tolerated? The fact that this Consumer Financial Protection Bureau resides in the Federal Reserve says it all: “Here: Let us regulate ourselves, install our regulatory offices in the one institution in America that has no public accountability, won’t even publish its shareholders, has never been properly audited, and we’ll protect you! By the way, you have to borrow money from us to pay our salaries while we’re busy protecting you, thereby increasing your indebtedness to us.”

Now, after you finish puking at the naked corruption of this latest scheme (and let’s not even call it a Ponzi scheme, for Ponzi was a pillar or rectitude and probity compared to this Cosa Nostra protection racket), just remember who gave you all this wonderful benefice:

1) Ronald Reagan began it all with the push for “greater de-regulation” (oh, by the way, he promised to shrink the size of government;

2) This was continued under King Boosh the First; and

3) Expanded under Bill Clinton.

Bought, and paid for (with Federal Reserve Notes, let it be…er…noted).

Let’s be honest, folks, it isn’t working any more (at least, not working for the people), and it is useless turning to the very people who have produced this mess and tangle of corruption to straighten it out. Asking politicians and bankers to mind the henhouse is to set the foxes among the birds. And we’re still waiting for some of these crooks to go to jail…

And Capital One, the subject of this particular story? Well, as The Daily Bell points out: “In any event, Capital One has issued a statement explaining that it didn’t do anything wrong directly and has blamed third-party vendors for the problems for which it has been fined.”

Of course it did nothing wrong(directly)…it is perfectly legal to lend money and credit at a rate of interest that would make Shylock blush, and therewith, another typical tactic of a corrupt oligarchy: legal = ethical=moral.

So the next time you see a Dummycrook or Republithug talking about cleaning up the corruption and crony capitalism, and you’re wondering if they can be trusted, just remember the cardinal rule: if they’re speaking, they’re lying; trust must be earned, and in the 99 years since the creation of the Federal Reserve monster, the record of politician-oligarchs in both parties, and the banksters and corporations that have corrupted them, is clear.

See you on the flip side.

 

12 Responses to HUZZAH: THE GOVERNMENT SAVES US FROM THE EVIL BANKSTERS….OR MAYBE NOT….

  1. Sorry for the late hit on this. The real problem with the CFPB is that its yet another independent agency (actually an agency within an agency since its inside the Federal Reserve, google these words “independent government agency”). Its not suing on behalf of the United States but rather the CFPB itself. This should amount to the same thing but it doesn’t really.

    The Constitution vests the President with the executive power but the Supreme Court (in an ill-considered 1935 case, Humphrey’s Executor v. US) has authorized independent agencies with officers that can’t be fired by the president and sometimes (in the case of fhe Fed and CFPB) with budgets that don’t require congressional appropriations.

    There was an interesting Appeals Court opinion that discussed this issue last year. I’m fairly confident that sooner or later the Supreme Court will overturn Humphrey’s Executor and put agencies exercising the executive power back under the control of the Chief Executive. That will be a bad day for the Fed. :o)
    http://www.volokh.com/2011/07/01/a-thought-provoking-look-at-independent-agencies/

  2. Joseph – From Ponzi to Cosa Nostra to Fabulous Fab.

    Before the IMF (The International Monetary Fund) changed its spots; prior to WWII it was known as the BIS (Bank for International Settlements); a monolithic monetary mechanism designed for funneling the public’s pilfered loot into private hands.

    Not unlike those grand illusionists from Wall Street, epitomized in the great ‘market maker’ from Goldmann Sachs, Fabrice “Fabulous Fab” Tourre; while filching the public via a shell-game of ‘structured products’ at the street level, similar ‘structured products’ are presented and sold, in greater quantities, by the IMF at a National level.

    In exchange for the ‘structured product’ – a sack of air – the IMF imposes a heavy debt noose, intended to wrench loose publically held properties and enterprises, placing them into capitalist – ‘free market’ hands; think Pinochet and Ronnie Reagan!
    ***

    (Trading With the Enemy – 1985 – Charles Higham)
    The Bank for International Settlements was a joint creation in 1930 of the world’s central banks, including the Federal Reserve Bank of New York. Its existence was inspired by Hjalmar Horace Greeley Schacht, Nazi Minister of Economics and president of the Reich bank, with powerful connections in Wall Street.

    Sensing Adolf Hitler’s lust for war and conquest, Schacht, even before Hitler rose to power in the Reichstag, pushed for an institution that would retain channels of communication and collusion between world financial leaders even in the event of an international conflict. It was written into the Bank’s charter, concurred in by the respective governments, that the BIS should be immune from seizure, closure, or censure, whether or not its owners were at war. The owners included the Morgan-affiliated First National Bank of New York (among whose directors were Harold S. Vanderbilt and Wendell Willkie), the Bank of England, the Reichsbank, the Bank of Italy, the Bank of France, and other central banks.

    The BIS was completely under Hitler’s control by the outbreak of WW II.
    At the International Monetary Conference at Bretton Woods, New Hampshire, July 10, 1944, resolutions were introduce calling for the BIS to be dissolved “at the earliest possible moment.” However, pressure was brought to bear to withdraw a second resolution calling for an investigation into the books and records of the BIS during the war. Had such an investigation taken place, the Nazi-American connection would have been exposed.
    ***
    Throughout the war the BIS played a significant role as collaborator in funneling U.S. monetary support into the Nazi war effort, while divvying up much war loot. Towards the end of the war, calls for dissolution of the BIS, prompted U.S. Secretary of the Treasury, Henry Morgenthau to blurt out, “the bank should be disbanded because to disband it would be good propaganda for the United States.”

    In essence, dissolving the BIS, while having it reemerge as the IMF was simply a psychological sleight of hand; propaganda, intended to divert the public mind, and put it to sleep. Sixty-five years later, there’s no telling what other darkness is still buried within Chase Bank vaults, locked away under the guise of national security!

  3. The Animal Farm —

    With glassy eyes rolled back into their skulls, frenzied grins, caught in the throes of self-deprecating pleasure, the herd of Donkeys and Elephants earnestly watch the fornicating Bulls and Bears upon the stock exchange floor, while the gathering crowd cheers on for more as it eagerly awaits the next anointing eruption of cornucopia to issue forth from the Federal Reserve printers.

    The blood spilled in both French and American Revolutions cries out in agony from the soil, falling onto the deaf ears of the maddening crowd.

    Peace, Best Wishes and Hope

  4. kicking the money changers out of the “temple”….why violently…..or taking it easy with a made in the shade attitude but, and a big but of having your feet cut out from under you….now remember about biting the hand that feeds you….of the temple builders…and does Italy remind you of a boot with a kick? Is it money changers or moon changers?

    what is the temple? why mention violence? what does it mean to eat freely from the tree of life (mr green tree)? does man become as a god when removed from the tree of life into a earth with knowledge of good and evil? (rhetorical questions to ponder for the plato cave dweller robots) why does the son of man have a unatural birth. Is that some sort of Achilles heel for the prostitute and pimp crowd and finally is it father earth with all those obelisks sticking out of the earth?

    Hey doc, there is a great book out called “mcmafia” that is pretty funny with the various shakedowns of the bread and circus crowd.

    play caught in a trap by Khan Elvis for further insights into the temple and the meaning of him leaving the building.

    Build it and “they” will come.

  5. the 99-yr. charter of the Federal Reserve is up for renewal Dec. 21st (22nd?- 23rd?- either or) this year and ZERO publicity about this- question is: have deals already been cut long ago in a smokey back room automatically reinstating it or is the whole shebang still up for grabs?- I don’t know- does anybody?

    • I wonder if the next charter will be given to a global fed? It would certainly make those pesky BRICS happy. According to Mr Blackheath if it is partially denominated in gold it will make the Vatican the richest player on the planet.

      I guess all those central banks pulling back their reserves alludes to something going down.

  6. I read the Declaration of Independence the other day. The scariest thing about it was the fact that our Feral Preserve and the parastate it feeds are ten times worse than the usurpations cited by Jeff’son.