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 17, 2011 at 3:32am: Analysis: SEC targets low-level bankers, spares top execs‏

http://news.yahoo.com/analysis-sec-targets-low-level-bankers-spares...

``Broker-dealers, investment advisers, and others regulated by the Securities and Exchange Commission are required to supervise their representatives. If a trader engages in misconduct, the SEC can sue the management with "failure to supervise." But in some of the biggest cases the SEC has brought in recent months -- against units of JPMorgan, Goldman Sachs, and Citigroup -- the agency has sued only low-level bankers.''

JP MORGAN TRIPLES REGISTERED SILVER INVENTORY OVERNIGHT!‏

http://silverdoctors.blogspot.com/2011/11/jp-morgan-triples-registe...

``JPM's registered inventories TRIPLED from 557,265 ounces to 1,660,545 ounces on Tuesday! Is The Morgue preparing for substantial delivery demands for December? The similarity between the 1.1 million ounce adjustment into registered by The Morgue and the 1.4 million ounces of registered silver that remain not eligible for delivery due to the MF Global fiasco is striking.''

Some Had Foreknowledge of MF Global Collapse‏

http://implode-explode.com/viewnews/2011-11-16_SomeHadForeknowledge...

A pair of articles provides some disturbing revelations that strongly imply that some inside MF Global -- and some of their likely "friends" -- knew what was coming.

Comment by Tumbleweed Steve on November 16, 2011 at 11:49am: Ron Paul: Federal Reserve is Like Drug Addiction

Just like a drug high, Paul says, central banking can't last forever and ends in destruction

http://www.usnews.com/news/articles/2011/11/16/ron-paul-federal-res...

Gingrich taking hits from Bloomberg saying he was paid $1.6 million by Freddie Mac!!

http://www.bloomberg.com/news/ 2011-11-16/gingrich-said-to-be -paid-at-least-1-6-million-by- freddie-mac.html

Comment by Tumbleweed Steve on November 15, 2011 at 7:59am

Comment by Tumbleweed Steve on November 15, 2011 at 7:54am: I got it on eBay, and it wasn't all that expensive.

Print up whatever pertains to the FED. DVDs are always a plus.

I have Lyndse working on a flyer right now, which is done but being tweeked.

That file link will be made available here for anyone to print out and copy.

It is double sided in tri-fold format and looks very nice.

Your request did not come across the Summit county mailing list.

Go to the site and look in "mailing list" to find the proper address.

Comment by Delilah Ortiz on November 15, 2011 at 7:22am: Steve, Oh that's right. You do have a bull horn. I would definitely like to use it this time. I feel like I am becoming more and more confident with the money and the banking system and feel like I am getting stronger and stronger with the knowledge too. By the way, where did you get yours and how expensive was it?! Do you remember?! I was thinking of maybe printing out copies of "Billions For the Bankers, Debts For the People" by Sheldon Emry and talking about how the money used to be backed up by gold and silver and how it is a debt based money system. What do you think?! Too bad "Economic Solutions" by Peter Kershaw is out of print but I have copies of both I found online. I can show them to people along with handing out fliers, DVD's etc. I'm open to suggestions on how I can help. Anyway, here's "Billions For the Bankers, Debts For the People" by Sheldon Emry and it is NOT copyrighted.

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

Comment by Delilah Ortiz on November 15, 2011 at 6:47am: Steve, I just contacted the group, so let's see what happens. Thanks again! By the way, does anybody have a bull horn for the rally?! I think they are definitely worthwhile in investing in for the group. Any suggestions on where to get a decent used bull horn?! Thanks!

Comment by Tumbleweed Steve on November 15, 2011 at 6:21am

Comment by Tumbleweed Steve on November 15, 2011 at 5:41am

BreakTheMatrix.com Liberty News

Jim Rogers: World Economy Needs A Reboot

Posted: 14 Nov 2011 02:24 PM PST

Jim Rogers: World Economy Needs A Reboot

EXPLOSIVE ‘60 MINUTES’ REPORT REVEALS WIDESPREAD WASHINGTON CORRUPTION

Comment by Tumbleweed Steve on November 15, 2011 at 5:39am

RunRonPaul.com - Ron Paul news and information

Fox News on Ron Paul CBS debate bias

Comment by Tumbleweed Steve on November 15, 2011 at 5:37am: Delilah.

Don't forget to ask on the Akron Ron Paul 2012 group site as well.

There may be people coming from akron that are in that group also.