Margaret Schaut

One more conservative viewpoint on the world at large.

Worse than Even Ron Paul Imagined! Get Out NOW.


Liberty Weeps

The NYT just announced that, despite ALL the missteps and ‘incompetence‘ the Federal Reserve has foisted on the American people so far, that on Monday, the Treasury is introducing a NEW PLAN: giving the Federal Reserve WIDE NEW SWAT-TYPE POLICING POWER.

Read this: “The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.”

Did ANYONE, even Ron Paul, see THIS coming???

At the end of the day, the Fed will assume ownership of all those 40% of homes that have been foreclosed on, and is looking forward to the 60% or more yet to come. We haven’t even gotten halfway through THAT nightmare yet, or had time to document and bring to justice those RESPONSIBLE for it.

NOW, based on… what???…. the Congress is actually considering giving the Fed policing power to enter ANY BANK, ANY FINANCIAL INSTITUTION, ANY INVESTMENT FIRM and seize ALL ASSETS and records including YOURS.

Do you REALLY believe that you’ll get your retirement funds back from anyplace that has been so policed that way? Where is the RIGHT TO PRIVATE PROPERTY in all this???

Read this and weep: “Democratic lawmakers are all but certain to say the proposal does not go far enough in restricting the kinds of practices that caused the financial crisis. Many of the proposals, like those that would consolidate regulatory agencies, have nothing to do with the turmoil in financial markets. And some of the proposals could actually reduce regulation.

The Democrats have an even DIFFERENT agenda for their puppet masters!

Though this plan is SUPPOSED to be all about this mortgage crisis: “The plan would not rein in practices that have been linked to the housing and mortgage crisis, like packaging risky subprime mortgages into securities carrying the highest ratings.”

Then WHAT THE HELL IS THIS FOR???

Here is a CLUE for politicans with their greasy palms out: “The blueprint also suggests several areas where the S.E.C. should take a lighter approach to its oversight. Among them are allowing stock exchanges greater leeway to regulate themselves and streamlining the approval of new products, even allowing automatic approval of securities products that are being traded in foreign markets.” (Isn’t this what CREATED the problem in the first place???)

The whole reason is to let the ‘global bankers’ in a power-play, TAKE OVER THE GOVERNMENT into their private corporation through increasing its power of seizure and policing:

“Both see the Fed overseeing risk across the entire financial spectrum, but Mr. Frank is likely to favor a stronger Fed role and to subject investment banks to the same rules that commercial banks now must follow, especially for capital reserves.

The Treasury plan would let Fed officials examine the practices and even the internal bookkeeping of brokerage firms, hedge funds, commodity-trading exchanges and any other institution that might pose a risk to the overall financial system.

That would be a significant expansion of the central bank’s regulatory mission.”

So, here WE are, DEMANDING an END to the Fed, and what do our ‘representatives’ give us instead? Who are they going to use to ‘police’ this- Blackwater who now has immunity from shoot-to-kill crimes against Americans?

Let this be very clear: The SYSTEM that has brought us to this mess, that Americans are DEMANDING be dismantled in favor of a Constitutional monetary system, is INSTEAD being GIVEN MORE POWER to sustain itself and ENFORCE itself against all disagreement.

And, McCain’s position? “Many news reports have pointed out that Mr. McCain more or less came out against aid for troubled homeowners: government assistance “should be based solely on preventing systemic risk,” which means that big investment banks qualify but ordinary citizens don’t. ”

Hillary? “Mrs. Clinton’s suggestion that she might convene a high-level commission, including Alan Greenspan — who bears a lot of responsibility for this crisis — had echoes of the excessively comfortable relationship her husband’s administration developed with the investment industry.”

We’re already bankrupt but they want to INCREASE THE SIZE OF THE GOVERNMENT FURTHER:

“This plan would consolidate a large number of regulators into roughly three big new agencies.”

They want to subsume government’s Constitutional responsibilities under outside non-Constitutional private entities:

“Bank supervision, now divided among five federal agencies, would be led by a Prudential Financial Regulator,which could send examiners into any bank or depository institution that is protected by either federal deposit insurance or other federal backstops”

If THAT isn’t a recipe for corruption and cronyism, I’ve never seen one! Even the mafia never had government sanction to make ‘offers that bankers can’t refuse’ and legalized, taxpayer funded guns-and-muscle private militias to back it up without fear of penalty or censure!

And they justify it ‘prophetically?’

“Our present regulatory framework was born of Depression-era events and is not well suited for today’s environment where billions of dollars race across the globe with the click of a mouse,” said the organization’s chief executive, T. Timothy Ryan Jr.”

They are preparing to ENFORCE, by any means necessary, ELECTRONIC currency and by-pass Constitutional government to do so by putting it all into the private hands of the global bankers!

Time to pull EVERY asset you’ve got, before any of this goes into effect. Pull your retirement funds, pull funds out of the banks, dump your stocks, ALL OF IT. Gonna take a hit? This will be NOTHING compared to what kind of a hit you’ll be facing SOON.

Take everything you’ve got and go anywhere you can- pawn shops, yard sales, estate sales, coin shops, and buy all the genuine gold and silver you can get your hands on. It isn’t going to be long and the government will be telling us that owning gold and silver is a risk to the overall system of electronic currency- it will be illegal to own or transfer your gold or silver soon!

We were figuring there would be time- time to establish an alternate currency (not an RFID Amero), time to peacefully transfer what assets you had from a collapsing or collapsed dollar into a genuinely American government currency backed by hard assets.

If THIS new proposal doesn’t convince you that IT ISN’T GOING TO HAPPEN, nothing will.

“Whether there is a formal, legal change in the Fed’s power over Wall Street or not, the recent measures, which were taken under a 1930s law that can only be exploited in “unusual and exigent circumstances,” represent a massive departure from past practice…. This latest episode has highlighted that the world has changed, as has the role of other non-bank financial institutions, and the interconnectedness among all financial institutions…. a broader role may be the result of the unprecedented intervention and are being forced to consider whether it makes sense to expand the scope of their formal powers over the investment industry.

“This will redefine the Fed’s role,” said Charles Geisst, a Manhattan College finance professor who wrote a history of Wall Street. “We have to realize that central banking now takes into its orbit everything in the financial system in one way or another. Whether we like it or not, they’ve recreated the financial universe.”

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9 Comments»

  Sean wrote @

This is unbelievably scary….whats next? FedSWAT at your door to confiscate your gold?? Pray….and may God help us all.

  NH wrote @

Hasn’t that already happened?

  blakmira wrote @

I don’t know much about economics, but my take on this is that not only did The Bush Dictatorship Tyranny refuse to listen to Ron Paul and what the People want — to get rid of the Federal Reserve — but they are tripling its power and expanding the government even further!

This is almost beyond my comprehension what is going on here and the implications, but I do know this is a huge step towards complete Fascism.

I echo the sentiments of May God help us all in the future!

  Margaret wrote @

Not only Bush, but its a DEMOCRATIC CONGRESS that thinks this new plan doesn’t go FAR ENOUGH, and its the Democratic Congress putting this together! Neither party is on the side of the people, and neither party is even considering the Constitution and how illegal this is according to THAT standard of law! Therefore, whomever they hire, with taxpayer funds, to do the policing- that SWAT team won’t be obligated to the Constitution either!

  Brad Spangler wrote @

You might want to confirm they mean literal SWAT teams in the article. I believe the term “SWAT team” has also been used to refer to financial crisis management groups — CPAs and laptops, not tactical vests and flash bang grenades.

Please don’t take me for naive. Almost no political bad news actually surprises me anymore. It’s just that there actually is some potential ambiguity regarding the term “SWAT team” in this context and you shouldn’t let its sloppy unspecified use by the media negatively impact your own credibility.

  Margaret wrote @

Thanks, Brad, for making the point and for your concern. It appears to me to be quite clear not only from the NYT article, which I received notice of immediately at release, but also from some of the other sources that I have linked to in the body of the text.

Like you, I find media sloppy, but also I know that politicians, when speaking of such matters, also dissemble and attempt to downplay or distract from the truth, which has been the case lately relative to the FBI hiring private militias and obtaining amnesty for them for the shoot-to-kill crimes they may/will commit against american citizens. In fact, in THAT case, it seems to me that our media, if it were actually holding to its own standards and great history, would be trumpeting that ALL OVER THE PLACE as a horrendous breach of the Constitution and highly illegal. But its no longer the case that our media cares about the public.

If this starts to look bad, the media will be the first to attempt to fudge the entire thing so Americans can ignore it and get back to their normal television viewing. Hopefully my readers won’t hold THAT against MY credibility!

  Margaret wrote @

One more thing, Brad. Whether the fed SWATs go into any establishment with helmets and machine guns is beside the point. Policing power IS policing power, however it is exercised. You can throw Blackwater guys into a 3 piece suit, they’re still militia. That is the issue. Should the Federal Reserve, a privately owned company, have governmental powers of policing, enforcing and monitoring of citizens who supposedly have Constitutional rights to property, to privacy, to warrants? I and many others say NO. Giving them these powers is doubly unconstitutional, not to mention the policing/militia aspect which makes it all even worse.

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  Darrell wrote @

I wish the out look wasn’t so bleak, is there any good news?
“The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability.
Sounds like they’re on the came team. How can this be? This is the land of freedom, prosperity and opportunity so I thought.
If we were to put all of our monetary value under our mattress it wouldn’t be any safer than in the bank, either way the thief comes to rob and kill, is there any difference between the common thief and the Federal Reserve?
Pray for a miracle I am


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