| BANKSTERS A friend emailed me a news article the other day: Friday is now the day that the FDIC has been announcing their bank closings - AFTER the markets have closed for the weekend. This is what I have had posted on the right hand column of my Cave Blog for quite some time:  FDIC "insurance" is a Ponzi scheme, except in this case Mr. Ponzi has the power to create money and bail himself out indefinitelyClick the picture of the bank blowing up and the link will take you to http://www.fdic.gov/ and this is what is currently showing at the FDIC link (NOTICE they DO NOT list the great number of BRANCH OFFICES of these banks affected through a region or across the country ... last count branch offices were now listing around +3700): Bank Closing Information - September 18, 2009 Irwin Union Bank, F.S.B., Louisville, KY Irwin Union Bank and Trust Company, Columbus, IN The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. IMPORTANT FACT: YOU PUT MONEY IN A BANK - YOU HAVE JUST LOANED THE BANK MONEY AND THEY DON'T HAVE TO PAY YOU BACK! The public is also led to believe that their "deposits" are THEIRS, when there is, in fact, no bailment made by the account contract, and the legal truth is that you have lent your money and the bank is NOT required to pay you back. Bailment - Lawyers.com For years I have said that arithmetic is the art of money counting and mathematics is a SCIENCE. BIG DIFFERENCE!! Heck with teaching school students mathematics ... our nation now demonstrates WHY people should have been educated in the art of money counting ... it is an OLD ART and the BANKSTERS are the professionals!! Most Americans DO NOT HAVE A CLUE that when they deposit their money in a bank they have just made a loan transaction with that bank. Why there is the old saying "I don't trust banks". After the Savings and Loans Crisis of the 80's and 90's the good 'ol taxpayers picked up the tab and the FDIC picked up the tab for the banks that closed. But WHO is the FDIC - a GOVERNMENT CORPORATION. A tiny bit of research discloses the following: http://en.wikipedia.org/wiki/Fdic According to the FDIC.gov website (as of January 2009), "FDIC deposit insurance is backed by the full faith and credit of the United States government". This means that the resources of the United States government stand behind FDIC-insured depositors."[28] The statutory basis for this claim is less than clear. Congress, in 1987, passed a non-binding resolution to this effect [29], but there appear to be no laws strictly binding the government to make good on any insurance liabilities unmet by the FDIC. THERE APPEARS TO BE NO LAWS STRICTLY BINDING THE GOVERNMENT TO MAKE GOOD ON ANY INSURANCE LIABILITIES UNMET BY THE FDIC..... You should seriously ask yourself WHY you are loaning a bank your money if you have money deposited in a bank. Is it the GOLD badge FDIC on its doors?  So now - if you decide you really don't want to loan a bank your US$ because you wake up to the fact that once you hand it over to that teller that bank legally doesn't have to pay you back and the FDIC also legally doesn't have to pay you back ... WHAT ARE YOU GOING TO DO with those US$ in your hand? Take a look at what is printed on the top: FEDERAL RESERVE NOTE. It DOES NOT say "United States Federal Reserve Note" ... Hum.... I wonder why?Most of the general public have finally awaken to the fact that the Federal Reserve (What is printed on the top of our paper $US) is NOT a part of the federal government - but rather a private bank - with district banks (in regions much similar to FEMA regions):  Fema Regions Federal Reserve Districts  "Turbo Tax Timmy" (Given the name because he owned back income taxes) Tim Geithner is our current Secretary of Treasury - AND he has been a past president of the New York Federal Reserve Bank . But then, most of the past Treasury Secretaries in the federal government have also worked for the Federal Reserve Banks. A central bank is a banking institution granted the exclusive privilege to a lend a government its currencyThe Federal Reserve Banks in the United States BOW to their MASTER BANK located within the City of London. The City of London sits within its own separate district within England, as the Vatican in Italy and Washington in the District of Columbia (DC). CENTRAL BANKING SYSTEM There are the Federal Reserve BANKS and there is the Federal Reserve SYSTEM. Maybe an idea like there are vacumn cleaners and there is the activity of vacumning ... if you are going to vacumn you will need to have a vacumn to push around the house ... what kind of vacumn are you going to get for your house? Federal Reserve is such a nice comfortable name of a bank for a bankster to do business in ... having 1st National Bank of Banksters Note printed on top of your $US would be just TOO obvious and blatant! And the 1st National Bank of Banksters System would make the "system" really sound like WHAT IT IS!!  The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act. The CENTRAL BANKING SYSTEM IN THE UNITED STATES (Federal Reserve system) finds a history dating back to 1913. I remember vividly Mother's Father (Granddaddy) talking to me one time back in the very late 50's or early 60's - he had a hard time knowing what to talk to kids about - so he pulled a couple dollars out of his billfold. On the top of one bill it said "Silver Certificate" and on the top of another it said "Federal Reserve Note". He then went on to explain how you might as well just wad up the bills that say Federal Reserve Note because they were just GARBAGE. Since Granddaddy held very few personal conversations with me - this is a memory I hold very vividly. From the time I was maybe 10 years old I was aware of the Federal Reserve and it was "no good". The Federal Reserve System came into power while the Congress was on Christmas recess in 1913:  Newspaper clipping, December 24, 1913  Ben Bernanke, chairman of the Board of Governors of the Federal Reserve System. This also in the column of my blog (Helicopter Ben):  Federal Reserve Warns Congress Again To Stay Away... WHY Bernanke is called "Helicopter Ben": What this says is that the healthy banks - those that didn't make crappy loans - will NOW be forced to lend to banks that make those crappy loans - eroding the healthy bank's balance sheets, loan portfolio, and ability to survive. |
Tuesday, September 22, 2009
Cave's Editorial | September 22, 2009
