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

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

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Comment Wall

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Comment by Tumbleweed Steve on November 19, 2011 at 3:04am: The Real Newt by Devvy Kidd from '09:

http://www.newswithviews.com/Devvy/kidd449.htm Part 1

http://www.newswithviews.com/Devvy/kidd450.htm Part 2

Comment by Tumbleweed Steve on November 19, 2011 at 2:39am: The core problem in Europe‏

The European credit crisis (call it catastrophe) is only
part of the problem.

Here's what is not reported or commented on
in the mainstream news.

Video: http://www.realecontv.com/page/5765.html

Ken McCarthy
Real Econ TV

Comment by Tumbleweed Steve on November 18, 2011 at 6:43pm: Economist Believes Paul Blacked Out of Media Because of the Fed

Comment by Tumbleweed Steve on November 18, 2011 at 6:42pm: Delilah...maybe the Akron group just doesn't have anyone all up on the ETF movement. A lot of new folks there that may not fully understand the event or the effort we are participating in here. I mentioned it at the meeting the other night though, just they were aware of the intentions. Don't know what ever happened to Rick. A lot of people are doing all they can to keep their head above water because of the FED and the economy they have forced us into.

Russ. I can pick you up and give you a ride. Not sure where exactly you are located. But you can shoot me an e-mail and give me an idea. As far as I know I am going alone. But even if the better half decides to go, we can make room. I will be taking the Ron Paul truck. So just let me know. You are too far out of the way from what I gather.

Comment by russell stanton on November 18, 2011 at 9:43am: Sorry i've been so uninvolved here lately. Finally i'll try to solve that problem a little, and respond to some of the latest posts - THIS REALLY SOUNDS NUTS, that anybody who's only 50 miles away should have so much of a problem geting to such an important thing! Isn't there anybody in this group that can figure a way to help? ....maybe this will only sound like a brag but i don't care if it does if only it might provide a little INSPIRATION. Back when we had the R3volution March in 08, i knew it would be better if i didn't try to go because of my bloodsugarinsanity and the problems that sort of trip would cause for me, so i offered the transportation i was able to give to anybody who needed a way to get to the bus. As old Mr. Phate (or maybe it was Lady Luck : ) had it, one person did take me up on my offer. As it ended up, i drove my old Geo about 200 miles that nite, at speds it really wasn't used to and on the way, with some of the little problems the adventure entailed, i kept thinking it was like scenes from some comedy movie, but we finally got there on time and i was really glad i was able to make Ron Paul's March one person stronger. NOBOdy wins a revolution without actually making a few sacrifices. If we want a revolution (or hopefully a R3VOLUTION instead - which is a revolution without the blood and the sights of internal body parts involved) we are going to have to CAUSE it. ....now isn't there ANYBODY who can sacrifice a little of their time and/or resources to make this event one person stronger? Actually, while i'm here - if anybodyelse might be heading to EndtheFed from out east, i sure hope i might be able to get a ride from the Chardon/ Middlefield/ Chesterland area? I'm not really even 100% sure i'll get there without some help. (next subject) Wow - i hope everybody is paying attention to all the tools being created for us to do a little mind manipulation of the GOOD kind; especially that "Reality Check, What's so wrong with Ron Paul"! It's EXCELLENT. But, is it on youtube? can somebody PUT it on youtube, so it might be easier to get people who WOULDN'T go to Dailipaul, to watch it? (really i supose it might be on youtube allready but i just don't know yet) One other thing - it's a good thing that Dr. Paul has talked a little about the Stock Act (that would make it illegal for Congresspeople to take financial advantage of all their inside information). The little bit i heard was that he thinks we should just elect more ethical people to Congress so that we wouldn't need the Stock Act. But it might be even better if we could get him to keep talking about that more, and mabe even start cosponcoring (or whatever) the Sock Act. I think the importance of the issue has been way underappreciated so far.

Comment by Delilah Ortiz on November 18, 2011 at 7:55am: Steve, I just called the Akron Metro Bus and got the schedules going to Cleveland and coming back and it's super early in the morning. If anybody else is having a hard time getting transportation, I would definitely like to meet others at the bus stop going to and coming from Cleveland. I'm not sure what else to do. Getting there is alot harder than coming back due to the irregular schedule. It's the X60 bus going from Akron to Cleveland in case anybody else is interested. Fare is $5 FRN each way per person and it leaves at 5:55am and 6:30am and that's it for the morning at the blue parking lot across the street from Taylor Memorial Library and coming back I can catch it on E 9th Street at 4:50pm or 5:50pm and that's the last one for the day. Too bad nobody from my area has responded so far.

Comment by Tumbleweed Steve on November 18, 2011 at 6:15am: Obama`s buddy‏

http://www.weeklystandard.com/blogs/ge-filed-57000-page-tax-return-paid-no-taxes-14-billion-profits_609137.html

Comment by Tumbleweed Steve on November 18, 2011 at 4:21am: We have no idea ?

but we do know how many Senators or Representatives vote in a conservative manner at least 90% of the time and also voted NO on S627 which was the "Debt Limit Increase" of August 2011 and which paved the way for our "Record Breaking" event of 16 November 2011 when we zoomed through the $15 TRILLION Dollar Debt Barrier on our way to $25 TRILLION .....

and we suggest you sit down, 'cause you're NOT going to like the answer ......

Our Next 2 Cents - http://Agenda21.proboards.com/index.cgi?action=display&board=2c...

Comment by Tumbleweed Steve on November 18, 2011 at 4:02am

Comment by Delilah Ortiz on November 17, 2011 at 7:49pm: Steve, this is the 2nd time that I've posted help on transportation to Tuesday's ETF and I'm still waiting. Anybody heard from Rachael or anybody else. How about Rick Gower?! I'm in the Akron/Cuyahoga Falls and I've also posted on the group list. Hoping to hear something asap. Thanks!