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

End The FED Cleveland Ohio

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NEW CLEVELAND 11-22-09 PHOTO ALBUM

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

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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

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Comment Wall

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Comment by Delilah Ortiz on October 10, 2011 at 5:56am: Hello Tom, sorry that I didn't get the chance to welcome you to this group. Anyway, since you are new to the group, I might as well share this cartoon booklet with you and the rest of the group. It's called, "Billions For the Bankers, Debts For the People" by Sheldon Emry. I have learned that the best way to help people understand why the economy is in shambles is to skip politics and just focus on exposing the money and the banking system. This cartoon does just that. Also check out The American Dream Cartoon since it's only 30 mins and let your friends and family see it too. Here are the links for you and the rest of the group. Please share! Thanks!

http://liberty-tree.ca/research/Billions.for.the.Bankers

http://www.youtube.com/watch?v=ZPWH5TlbloU

Comment by Tumbleweed Steve on October 9, 2011 at 4:13pm: October 8th
BREAKING NEWS:
WTP Chairman Bob Schulz at NYC
"Occupy Wall Street" to introduce
"Occupy The Constitution!"

Schulz will address the OWS General Assembly Saturday night to introduce the powerful but little known legal tools provided by the Constitution for We the People to cure the cancers caused by the military-industrial-corporate (privately owned) Federal Reserve banking cartel and corrupt U.S. Government despots now destroying America.

Everything America now suffers -- endless wars, the destroyed economy, corporate fascism, the Police State, social dysfunction -- ALL of it -- can be traced directly to unlawful violations of our Constitution.

Schulz will be conducting daily training sessions near the OWS event to educate OWS patriots regarding the profound, long-forgotten NON-POLITICAL legal powers and RIGHTS provided by the Constitution and our Founding Fathers who foresaw the possibility of this dark day well over 230 years ago.

More details as available....

October 9th
Schulz at OWS in NYC:
Will Create "Working Group" on the Constitution
Group to meet @ 6 PM Sunday

Bob Schulz briefly addressed Occupy Wall Street's "General Assembly" Saturday night. He announced the creation of a new "Working Group" within the OWS movement to focus on the powerful Constitutional solutions available to fix the problems plaguing America.

The initial meeting of the Constitution Working Group will meet at the STEPS at the Broadway end of Liberty Plaza at 6 PM (EASTERN).

Schulz wishes that recipients of this email forward this breaking information to those who may be participating at the OWS event or otherwise support WTP's efforts to implement peaceful constitutional solutions to hold our Government accountable and protect the interests of the "99 %" .

For latest updates/news, please visit our new domain "www.OccupyTheConstitution.org"

Comment by Delilah Ortiz on October 9, 2011 at 4:08pm: Sounds like I didn't miss too much after all! I really wanted to go, but couldn't get a ride and maybe it wasn't meant to be. Anyway, I agree with Steve. This is what I do to help others understand: I simply skip the politics and just focus on helping people understand the money and the banking system. I get really big responses since everybody's interested in the subject of money. That is the time and way that they'll check out the DVD and other info on Ron Paul etc.

Comment by Tumbleweed Steve on October 9, 2011 at 4:01pm: And BTW Bob. I have been following those "other" stories as well. Pretty sick stuff some of these people are doing without a doubt. So don't get involved with any of the ones who look like they are capable of such ignorance.

We all know that there are always going to be a few bad eggs in every group. Stay clear of them. They could even be agent provocateurs for all you know. But there are people that we can reach out to and talk with. Don't be a preacher. These folks probably already believe they know everything, and many may be rather reluctant to even discuss politics at all. Stick to light conversation about the economy and how our jobs have been sent to other countries because of bad economic policy and government regulation and the like.

Comment by Tumbleweed Steve on October 9, 2011 at 3:53pm: I agree...Ron Paul signs will probably be met with some discontent. But that doesn't mean people can't wear a Ron Paul shirt, and carry an End The FED sign.

This is not "our" ETF movement. We should be trying to build a coalition with the OWS people and educate them about the FED and the fact that we have never had real free market's since the FED was given the power to counterfeit our money and charge us interest in the form of taxes. It will take some rather dedicated and educated individual's from our group to explain the fact that our government does not produce ANYTHING...the least of which jobs and prosperity. That they take from low to middle income taxpayers to hand out free housing and food stamps and free medical assistance...etc.

These things are not rights, they are privileges. And when you are willing to accept the free stuff, you are expected to give up your freedom in return.

Keep going down there. Don't expect much and you will not set yourself up for disappointment. I am burning DVDs right now to educate these people about the FED and our failed economic policy. If we can get that much into their heads, then maybe we can start talking about Ron Paul. Don't put the cart before the horse. That never did work very well.

Comment by Bob S. on October 9, 2011 at 3:51pm: Sorry, Russel, but I am a libertarian and saw with my own eyes what they were about yesterday. I am not putting them down, but my idea of liberty is not the government providing jobs, housing, food, clothing, and other anemnities. I read the signs and listened to the crowd. Maybe Cleveland is different from other groups, I dunno. The probelm with our economics starts with the Fed. They are the ones who have devalued our dollar , in turn driving prices up. It is us working-class citizens who are being screwed in all of this.

I have heard news reports of OWS in NY defecating on police cars and the group in Washington, DC storming the Smithsonian. Not my cup of tea.

Comment by russell stanton on October 9, 2011 at 2:46pm: should add - those people who don't understand liberty yet, mostly have a problem with REALLY not understanding economics yet. ...and maybe that's actually a biger problem!

Comment by russell stanton on October 9, 2011 at 2:43pm: Not quite right Bob. There may be lots of comunists in the OWS crowd, but the idea was started by the Quaker Freinds group which is only partly socialist and partly well educated individuals. We obviously have a BIG problem with people who don't understand Liberty yet. Our challenge is to figure out how to enlighten them. If anybody is against your signs ask them if they don't support the FIRST AMENDMENT. Try talking to them about specifics that they might misunderstand about RP. WE need to work hard on improving our skills for correcting all the misunderstandings out there. For lots more insites on OWS in general, try going here: http://www.adamvstheman.com/blog/recent-videos-from-the-front-lines.... For more on the group that started Occupy Cleveland this is one of their sites: mailto:ClevDemocracy@aol.com.

Comment by Bob S. on October 9, 2011 at 2:18pm: It was the orginizers of the Occupy Cleveland group, NOT anyone from End the Fed, that told him the sign was not welcome. OWS is a far left group, period.

Comment by Rachael Jeffries on October 9, 2011 at 10:06am: I don't know who told the Ron Paul supporters that they could have signs, but Ron Paul signs were always more than welcome at the past meetings. Ron Paul is Mr. END THE FED! Lots of RP support at the Dallas rally-http://www.youtube.com/watch?v=JzeNkhXAIm0&feature=player_embedded