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Sound Money for America! Audit the Fed - Repeal the Federal Reserve Act!

End The FED Cleveland Ohio

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End The FED Cleveland Ohio

NEW CLEVELAND 11-22-09 PHOTO ALBUM

Location: THE GREATER CLEVELAND AREA
Members: 66
Latest Activity: Jan 22, 2013

Rally info

EDUCATION OF THE OCCUPATION CLEVELAND
PLEASE JOIN THE NATIONAL END THE FED MeetUp GROUP
 
 

 

RON PAUL wins The Ohio Swing State Straw Poll - THE EVENT 
   
 

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of America's Derivatives Trades
 
This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.
 
This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.
 
This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input. You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve.
 
What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.
 
 







PLEASE PARTICIPATE IN THIS MONTHLY EFFORT - CHECK IT OUT!



          
AuditTheFedPhoneBomb.com


              
AuditTheFedPhoneBomb.com

Join us the first week of every month as we call our Federal legislators asking them to co-sponsor and support H.R. 459 [full text] and S. 202 [full text],the legislation that will give the American people a full audit of the Federal Reserve system. Please pledge to participate in the Audit the Fed Phone Bomb by entering your email address below. You will receive a reminder email when the next phone bomb takes place.

You can pledge to participate in the Audit The Fed Phone Bomb by clicking here and pledging via email or facebook.

Here is the list of congresspersons and Senators who have NOT yet signed on as co-sponsors for legislation requiring a full audit of the Federal Reserve.

http://auditthefedphonebomb.com/Hit-List-Audit-The-Fed-Co-Sponsors.html

Ohio Congressional HIT List for HR 459

Steve Chabot [1]
Jean Schmidt [2]
Jim Jordan [4]
Bill Johnson [6]
John Boehner [8]
Marcia Fudge [11]
Betty Sutton [13]
Steve Stivers [15]
Jim Renacci [16]
Tim Ryan [17]
Bob Gibbs [18]

Ohio Senator HIT List for S 202

Sherrod Brown
Rob Portman

 

 


 

 

 

Zeitgeist

 

 

The History of Money - Part 1

 

All Citizens Should Boycott all these companies, their products, and services, until action is taken against the FED. Class C - appointed by Board of Governors to represent the public:

Alfred M. Rankin, Jr. - Chairman President and CEO NACCO Industries, Inc.
Cleveland, OH

Richard K. Smucker - Deputy Chairman Executive Chairman and Co-CEO
The J.M. Smucker Company
Orrville, OH

Roy W. Haley - Chairman and CEO
WESCO International, Inc.
Pittsburgh, PA

Class B - elected by member banks to represent the public:

Les C. Vinney - Senior Advisor and Immediate Past President and CEO
STERIS Corporation
Mentor, OH

Tilmon F. (Tim) Brown - President and Chief Executive Officer
New Horizons Baking Company
Norwalk, OH

Susan Tomasky - President
AEP Transmission
Columbus, OH

Class A - elected by member banks to represent member banks:

James E. Rohr - Chairman and CEO
The PNC Financial Services Group, Inc.
Pittsburgh, PA

Charlotte W. Martin - President and CEO
Great Lakes Bankers Bank
Gahanna, OH

C. Daniel DeLawder - Chairman and CEO
Park National Bank
Newark, OH

Cleveland FED, Cincinnati Board of Directors:

James M. Anderson - Chairman Immediate Past President and CEO
Cincinnati Children's Hospital Medical Center
Cincinnati, OH

Donald E. Bloomer - President and CEO
Citizens National Bank
Somerset, KY

Daniel B. Cunningham - President and CEO
Long-Stanton Manufacturing Cos.
Cincinnati, OH

Gregory B. Kenny - President and CEO
General Cable Corporation
Highland Heights, KY

Paul R. Poston - Director, Great Lakes District
NeighborWorks® America
Cincinnati, OH

Janet B. Reid, Ph.D. - Principal Partner
Global Lead Management Consulting
Cincinnati, OH

Peter S. Strange - Chairman and CEO
Messer Construction Company
Cincinnati, OH

Cleveland FED, Pittsburgh Board of Directors

Sunil T. Wadhwani, - Chairman Co-Chairman
iGATE Corporation
Pittsburgh, PA

Todd D. Brice - Chief Executive Officer
S&T Bancorp, Inc.
Indiana, PA

Howard W. Hanna, III - Chairman and CEO
Howard Hanna Real Estate Services
Pittsburgh, PA

Glenn R. Mahone - Partner,
Reed Smith LLP
Pittsburgh, PA

Petra Mitchell - President
Catalyst Connection
Pittsburgh, PA

Robert A. Paul - Chairman and CEO
Ampco-Pittsburgh Corporation
Pittsburgh, PA

Margaret Irvine Weir - President
NexTier Bank
Butler, PA

The Solari Tapeworm 20 of the Federal Reserve System -
Boycott these Banks!

Following is Solari's list of the 20 Best Banks to flush from our lives in the US.
In 2004 alone these 20 banks reaped $89 billion in net income, while in the same year US households ran a deficit of $342 billion.
Think what could happen if we turned the tables?
1. Bank of America
2. Bank of New York
3. Barclays
4. BB&T
5. Citibank/Citigroup
6. Citizens
7. Credit Suisse
8. Deutsche Bank
9. HSBC
10. JP Morgan Chase
11. Mellon
12. Merrill Lynch
13. PNC
14. Royal Bank of Canada
15. State Street
16. Sumitomo
17. SunTrust
18. UBS
19. Wachovia
20. Wells Fargo
TOTAL NET INCOME $89 Billion

End The FED November 22nd 2008
End The FED March on Cleveland FED Novemeber 22nd 2009 JIM TRAFICANT Speakes to ETF Cleveland 11-22-2009 VISIT THIS INFORMATIVE ABOLISH THE FED SITE...CHECK IT OUT! http://www.abolishthefederalreserve.org/
From President Jackson’s farewell address:
It is well known that there have always been those amongst us who wish to enlarge the powers of the General Government, and experience would seem to indicate that there is a tendency on the part of this Government to overstep the boundaries marked out for it by the Constitution. …There is, perhaps, no one of the powers conferred on the Federal Government so liable to abuse as the taxing power. …Congress has no right under the Constitution to take money from the people unless it is required to execute some one of the specific powers intrusted to the Government; and if they raise more than is necessary for such purposes, it is an abuse of the power of taxation, and unjust and oppressive. …Plain as these principles appear to be, you will yet find there is a constant effort to induce the General Government to go beyond the limits of its taxing power and to impose unnecessary burdens upon the people. …There is but one safe rule, and that is to confine the General Government rigidly within the sphere of its appropriate duties. It has no power to raise a revenue or impose taxes except for the purposes enumerated in the Constitution, and if its income is found to exceed these wants it should be forthwith reduced and the burden of the people so far lightened.

--
"As nightfall does not come at once, neither does oppression. In both instances, there's a twilight where everything remains seemingly unchanged, and it is in such twilight that we must be aware of change in the air, however slight, lest we become unwitting victims of the darkness. " - William O. Douglas


 

Discussion Forum

State Banks - Pros and Cons.

Started by Pete. Last reply by Pete Sep 24, 2010. 4 Replies

Comment Wall

Comment

You need to be a member of End The FED Cleveland Ohio to add comments!

Comment by Randy Belmont on March 21, 2011 at 7:43am
Gandhi said, "be the change you want to see in the world." How many people have checking and savings accounts? If so you are doing business with the very entities that you rail against, and therefore lending those entities your financial support. How many people voluntarily bow to their master and dutifully file income tax returns, once again supporting the Fed since the IRS is the collection arm of the Federal Reserve Bank. The Federal Reserve Bank is destroying itself. The dollar will lose its world reserve currency status. Japan is/was the second largest purchaser of treasury bonds (U.S. debt) after China. What/who is going to fill that void beside more monetization of debt by the Fed? Do you think Japan will be selling their holdings of treasury bonds to rebuild? A look at history shows that all fiat money systems implode. I suggest spending your time preparing for the perfect economic storm.

Time to start planning your vegetable garden spring is just around the corner!

Comment by Delilah Ortiz on March 21, 2011 at 5:44am

Finally, we got some more replies!  Thanks Bob S and Russell for your comments!   IMHO, I really believe that the American People in general are living in denial.  They refuse to believe and accept that the country is in Depression and that the country is deliberately being destroyed.  I just phone a good friend of mine saying this exact thing after reading yesterday's ABJ talking about a 50% reduction in local funding for the City of Akron.  It's insane and everything that Bob Chapman, Gerald Celente, Alex Jones etc has been talking about for years is really happening in front of our eyes!  I'm open to doing something for the End the Fed cause NOT the hijacked Tea Party.  After last year's fiasco, it's simply NOT worth the time or effort.  I could be doing something else instead that's more productive to the cause and this cause is becoming more and more critical as the dollar gets devalued and inflation goes higher and higher and we are getting poorer and poorer.  Just my 2 cents.

http://www.ohio.com/news/top_stories/118317969.html

Comment by Bob S. on March 21, 2011 at 5:35am

I understand the frustration in here.  I don't know if it is apathy or just folks plain giving up.  I had just re-joined the group last year, but, by the time we planned a march it was too late for me to take a day off work.  I think we just need more planning that is far enough in advance for folks to plan for it. 

As far as the tea parties go, I went to all of them in the last two years to pass out end the fed/libertarian/fair tax literature and it was, IMO, a waste of time. 

I say we pick a date, promote it, and do it.  April 15th?  It is a Friday.  We could march the fed and, if there is a tea party, march to that event and pass stuff out/promote the cause.  Just my .02. 

Comment by russell stanton on March 20, 2011 at 9:57pm
For me it's not apathy!  .....it's frustration,  and disappointment - loads of disapointment, it's lacks of cash ofcourse - there's just thousands of FRNs worth that i don't have to put into all the causes i'd like to (i gess i could even say TRILLIONS that i don't have really),  it's plane getting tired,  and then there's my stupid knee that makes it painfull to walk much,  and then the other health/bloodsugar related stuff that makes everything dificult.  but it's NOT  apathy.   It really is the strangest thing about groups like this, how people lose interest in things that they start out with real pasion for.   I don't understand it. A year or 2 ago, i sent long personal emails to most of the people in the 213 group, to try finding out why they all stoped comeing to meetings and all.  About 3 wrote back and explained the real legitmate reasons the had.   I suppose the rest developed a case of apathy, or els died or lost their computers or got brainwashed by their televisions.   But it seems like that's the way it typically goes.   And isn't it tragic that now it keeps getting more and more important for us to end the Fed, change the idiot foreign policy this country has,  end the 2 party dictatorship and so many other things,  but people act like they're less and less interested in it.   ....The web page says we still have 61 members up there.  What are they all dooing now?   Sorry i haven't posted anything for so long.   What i was wanting to say lately is that that "Seige the Fed" thing really looked like a crazy idea.   They plan on trying to keep people from going into the Fed buildings and making the Ben Bernanke resign?   What good could that do?  I thinks it'll be a good idea if we DON'T do any of THAT.   But what we need to do is to keep educating and inspiring other people and OURSELVES  all we can.  I still put "see endthefed.us !!!" on the back of my FRNs.   At least i can afford that!  I still have the End the Fed pin on when i go most places, and usually have some literature to offer to people whenever i get a chance.   Whatelse can i do?   BTW, after seriously needing a knee replacement for 2 years,  i actually MIGHT be able to get one on Wenzday. 
Comment by Tumbleweed Steve on March 20, 2011 at 5:31pm
APATHY
Comment by Delilah Ortiz on March 20, 2011 at 4:22pm

Steve, this is the EXACT reason why this country is going down the drain.  We can't get organized!  I just don't get it! 

Comment by Delilah Ortiz on March 20, 2011 at 4:20pm
Steve, I don't know what to say.  Where is the rest of the gang?!  Why is it that Cleveland can't get its act together while the ETF Phil and ETF Dallas can get organized.  I just don't get it.  We shouldn't just be relying on you or any one person in order to get anything done.  We need teamwork here.  Feedback people?!  What are we doing?!  Forget the Tea Party unless you just want to hand stuff out and nothing else.  I don't think after last year's fiasco that it's worth it.  I'd rather do something else instead of the hijacked Tea Party.  Suggestions, folks!  Where are the rest of the gang?!
Comment by Tumbleweed Steve on March 20, 2011 at 1:06pm

It should have. I think Rick got a bug up his bumm because he expected...what I don't know...but I think he was counting on me to go down to the FED building. People don't need me to hold up signs and hand out literature on their own.

I had hundreds of DVDs to hand out that day, and went to work doing just that. And I wanted to get back to Portage county where they were holding a TEA party to hand out more ETF DVDs and other material's. So since I left last year in Cleveland, nobody wanted to (what?) go downtown and do what we always do without me? I still don't get that.

Comment by Delilah Ortiz on March 20, 2011 at 12:58pm
I meant our event did NOT take place last April 16, 2011. 
Comment by Delilah Ortiz on March 20, 2011 at 12:56pm
Steve, at least I know what's going on.  Sounds fishy to me IMHO.  Anyway, as far as the Cleveland TEA Party rally, I think it's a waste of time and "money."  Last year, there wasn't even a mention of the End the Fed and our event did even take place.  It was a total wash out.  Knowing that the "Tea Party" has been hijacked by the 2 headed, 1 party system, I think it's a waste of time.  Unless we do our own separate rally, it does absolutely NOTHING for our cause.  Rick Gower came from Akron and left angry when the event didn't even happen and they were spray painting the building and horrible fumes were in the air.  It was a total washout.  If anybody else wants to comment and give suggestions, I'll willing to hear them.  Otherwise, I'm out.
 

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