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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

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Comment by Delilah Ortiz on November 19, 2011 at 9:29am

Steve and Russell,  Thanks for sharing your comments as I try to learn from others.  Anyway, unless I can get a ride before Tuesday, I think I'm going to have to pass up on going to Cleveland.  At 6:30 am, it is still too dark and dangerous to be alone waiting for a bus and then I'll be alone for several hours up then and alone for a couple of hours afterwards.  It's just not safe for me.  Safety first.  What I can do for Tuesday is post previous ETF rallies in different places and e-mail them to my list, so they can see what the rallies look like in different cities etc.  I can also post them on my blog and comment on youtube channels about the ETF rallies etc.   That can at least spread the word since I'm probably not going to make it.  I feel bad but I just don't feel safe being alone most of the day.  What do you think of my ideas of what I can do in lieu of going?! 

Comment by Tumbleweed Steve on November 19, 2011 at 9:27am

Eurozone debt web: Who owes what to whom?‏

This interactive infographic goes beyond the the Eurozone to the US and Japan... very interesting and useful.

http://www.bbc.co.uk/news/business-15748696

Comment by russell stanton on November 19, 2011 at 9:24am

Here's a nice easy link for Money as Debt: http://moneyasdebt.net/.

Comment by russell stanton on November 19, 2011 at 8:52am

I gess i'm prettymuch with Pete Reck on the gold (and even siver) problems.  Just try watching Money as Debt III.  I think you can see it once for just $2.95.  I actually bought the DVDs for $26.95 - and better yet if you order by phone you can talk to Paul Grignon and/or his wife that way.   For one other view about gold, try to see Bill Still's Secrtes of Oz also.   There still seems to be way too many misconceptions about gold/money/the whole confusing subject ingeneral.  It might help us solve the problems if we would just open up our minds and try understanding the whole thing better.  The owners of the money system we've been puting up with do understand it.  THAT'S WHY THEY OWN IT.  WE COULD ALL OWN THE SYSTEM,  IF ONLY ENOUGH OF US WOULD LEARN TO DIG IT and then REALLY start the changeover.   BTW,  is anybody else geting Pete's emails lately?   Sometimes i get them, but then he never responds to anything i try sending back.

Comment by Tumbleweed Steve on November 19, 2011 at 8:33am

Comment by Tumbleweed Steve on November 19, 2011 at 8:07am

Check out The 13 Countries That Own the World’s Gold - 24/7 Wall St.‏

 

Click here: The 13 Countries That Own the World’s Gold - 24/7 Wall St. ,,  tonnes are 2,204lbs,,  educational on who owns what,,
Comment by Tumbleweed Steve on November 19, 2011 at 7:56am

Wells Fargo Says 80 May Be the New 65 for Retirees - Bloomberg‏

For those of you who want to retire .... look at this article.   (Bob Young from CT contributed this).
 
Says 80 May Be the New 65 for Retirees - Bloomberg

Guess I may be SOL.

I retired at 49 after doing my 30 year stint.

But at the rate of the FED dictated inflation...I'm doomed.

Comment by Delilah Ortiz on November 19, 2011 at 5:55am

Steve, thanks for sharing that info.  I wish I could travel all over the area.  Unfortunately, I just don't have reliable and dependable transportation.  You are doing everything you can and more.  I'm doing my part online by sending e-mails which by the way, my e-mail list is growing, commenting on youtube videos about Ron Paul, talking to people at the grocery stores about the Fed and Ron Paul and the corrupt money and banking system, sound money, etc.  I'm trying to be like Paul Revere.  That is my calling and my purpose.  Take care!

Comment by Tumbleweed Steve on November 19, 2011 at 5:34am

The point I was trying to make is that ALL of the people in the NEW Akron group are NEW people who have not been around long enough to grasp the whole FED thing. They are just now on a weekly meeting schedule and without some of us old timers (excuse the expression) showing up to fill them in, they will need some time to fully understand the Ron Paul position on the FED and why I guess. I can not get to all of the different NE Ohio group meetings. Certainly not now that so many of them are on weekly meeting schedules. It is up to some of the members that were around in 2008 to particpate by going to those meetings and bring up this particular kind of information. I have been traveling all around NE Ohio in an effort to activate ALL of the Ron Paul 2012 groups. I am only one man on a mission here. Get Ron Paul elected in 2012 at all cost. That is the ultimate goal.

Comment by Delilah Ortiz on November 19, 2011 at 5:15am

Steve, I understand what you're saying that the Fed has created this Depression on PURPOSE to impoverish and enslave us and all of humanity, however, those of us with moral courage, conviction and wisdom need to stand up and protest.  I have learned that the absolute best way to help people understand what is going on is to skip the politics and just expose the money and the banking system.  I'll probably take the bus and make the sacrifice because somebody has to stand up just as this cartoon from the 1980's says, "Courage of the heart is very rare, the stone has a power when it's there."  Here's the "Secret of Nimh".

http://www.youtube.com/watch?v=pnY0fI43Rr4

 

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