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

End The FED Cleveland Ohio

Information

NEW CLEVELAND 11-22-09 PHOTO ALBUM

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

4 members like this

Rally info

PLEASE JOIN THE NATIONAL END THE FED MeetUp GROUP

http://www.meetup.com/End-The-Fed/

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.

http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html

PLEASE PARTICIPATE IN THIS MONTHLY EFFORT - CHECK IT OUT!

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 0 Likes

View All

Comment Wall

Comment

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

Comment by Pete on May 3, 2011 at 6:09am

Comment by Tumbleweed Steve on May 2, 2011 at 5:05pm

Comment by Tumbleweed Steve on May 2, 2011 at 5:03pm: MUST SEE!

Ron Paul The Philosopher's Stone

http://youtu.be/2FyfAQ75GaQ

Comment by Delilah Ortiz on May 2, 2011 at 10:10am: DEAR INFOWARRIORS and FELLOW PATRIOTS,

I know this idea shall seem strange to some, but I firmly believe it can be used to great effect in The Revolution. The idea is simple, and yet, I believe, if implemented, by just one person, in every city, it can be used to greater and greater effect to draw attention to the cause of Liberty.

OPERATION FLAG STAFF:

1. If you do not own a Betsy Ross Flag, purchase one on ebay or you can purchase a Second American Revolution Flag at usrevolution2.com

2. Create your own flag staff from a tree branch or visit your local hardware store and purchase one.

3. Fly the Betsy Ross Flag or Second American Revolution Flag by walking down the main streets of your city.

This accomplishes several goals: It draws attention to the fact that indeed The Revolution is present across the nation (even within your own city), it promotes the ideals of Life and Liberty that this nation was founded upon by recalling in the minds of the people Our Heritage, and most importantly, it symbolizes a LOYALTY TO THE CONSTITUTION.

YOUR RESPONSE TO INQUIRIES:

If asked why you fly such a flag you can respond simply – “In support of the Constitution”
You can then, perhaps, lead them to the Champion of the Constitution, Ron Paul, and inform them of The Revolution that is taking place (Infowars.com).

DURATION:

You can do this once or as many times as you like, though, I would personally encourage you to make a resolve to fly the Betsy Ross or 2nd Rev. Flag at least ONCE A MONTH until Ron Paul is President and/or The American Republic is restored.

YOUTUBE:

Most definitely, if possible, record your OPERATION FLAG STAFF and post on youtube, encouraging others to do the same in their city.

SPREADING OPERATION FLAG STAFF:

Simply cut and paste OPERATION FLAG STAFF in Microsoft Word and print. Then hand out.

Comment by Tumbleweed Steve on May 1, 2011 at 6:48am



manage your subscription \| ml-implode.com \| hf-implode.com \| builder-implode.com \| bankimplode.com \| forums

Americans raiding retirement funds early
Sun, 01 May 2011 13:01:31 GMT
``Despite increasing signs of a stabilizing U.S. economy, 19 percent of Americans -- including 17 percent of full-time workers -- have been compelled to take money from their retirement savings in the last year to cover urgent financial needs, the Financial Security Index found.'' ... Click here to read more
JPM Short-Covering Suggests Silver Not At Top
Sun, 01 May 2011 12:58:41 GMT
``Interesting. Thats a large amount of contracts to be covered in Silver especially at these prices. Now if I was JPM and I knew where the price of silver (or anything is going since THEY are the market) WHY WOULD YOU COVER AT ALL TIME HIGHS? ... Click here to read more
China Is On The Brink Of A Huge Yuan Revaluation
Sun, 01 May 2011 04:18:04 GMT
``We believe that reform will centre on a new exchange rate mechanism that aims to allow currency appreciation whilst deterring damaging and, now, unmanageable speculative inflows. We believe in the first instance this will take the form of a further one-off revaluation of the currency, immediately followed by a period of depreciation (similar to the famous BoJ bear traps). A widening of the fluctuation band will then allow the RMB to move more significantly on an intra-day and intra-week basis to introduce more volatility. '' ... Click here to read more
Silver: Much Higher Margins Ahead for CME?
Sun, 01 May 2011 04:15:39 GMT
``"I would anticipate that the CME will be raising margins again due to the volatility of the daily trading range as well as to reflect the contract's intrinsic value," he said... The purpose of increasing margins would be to keep both long and short investors from adding to positions in what has become an increasingly volatile market.'' ... Click here to read more
Gold-Buying Central Banks May Signal Bullion Extending Record Price...
Sun, 01 May 2011 04:13:26 GMT
``Central banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices. As developing countries accelerate purchases, gold may reach $2,000 an ounce this year...'' ... Click here to read more
JPMorgan et al Rush to Cover Silver Short Positions: Is a Silver Pr...
Sun, 01 May 2011 04:12:13 GMT
In Ed's latest commentary (scroll about 1/3rd down the page) he gives good news of large reductions in the silver short position -- probably explaining the last leg of the silver rally, despite nearly everyone's expectations that the mar ket was (should be) topping. This also implies there is quite a ways to go. ... Click here to read more
Fed's Maiden Lane Holding Bear Stearns Mortgage Assets Shrinks Amid...
Sun, 01 May 2011 03:53:37 GMT
"The assets of Maiden Lane, used by the U.S. central bank to facilitate the sale of the New York-based investment bank to JPMorgan Chase & Co. (JPM), were valued at $24.8 billion on April 27, down from $25.6 billion on March 30 and $30 billion at inception, according to weekly Fed data released yesterday. The 4.7 percent decline in the holdings, mostly government-backed mortgage bonds, is the largest since October 2008." ... Click here to read more
Please Stop Bernanke's Transparency -- He's Frightening the Children
Sun, 01 May 2011 03:49:30 GMT
"Federal Reserve Chairman Ben Bernanke did something the media is describing as being unprecedented... he held a televised meeting at which he read some Fed-type talking points and answered some questions. If I had to describe it in a word, I'd have to go with... hmm... I know... how about: Underwhelming." ... Click here to read more

Comment by Bob S. on April 28, 2011 at 11:40am: By the way, my libertarian video, if anyone is interested:

http://www.youtube.com/watch?v=kgV4xO7WRcw