Jordy Blog

Federal Reserve: Financial Overlords

Check Baldwin was the Constitution Party’s 2008 presidential nominee. I voted for him because he is so dead right on so many issues. Here’s one of them:

President And Congress Grovel Before The Fed
By Chuck Baldwin
February 10, 2009

This column is archived at
http://www.chuckbaldwinlive.com/c2009/cbarchive_20090210.html

According to Bloomberg News (Monday, February 9, 2009), “The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

“The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have lent or spent almost $3 trillion over the past two years and pledged up to $5.7 trillion more. The Senate is to vote this week on an economic-stimulus measure of at least $780 billion. It would need to be reconciled with an $819 billion plan the House approved last month.

“Only the stimulus bill to be approved this week, the $700 billion Troubled Asset Relief Program passed four months ago and $168 billion in tax cuts and rebates enacted in 2008 have been voted on by lawmakers. The remaining $8 trillion is in lending programs and guarantees, almost all under the Fed and FDIC. RECIPIENTS’ NAMES HAVE NOT BEEN DISCLOSED. [Emphasis added]

“‘We’ve seen money go out the back door of this government unlike any time in the history of our country,’ Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. ‘Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?’”

Senator Dorgan is exactly right. No one oversees the Fed. The Fed is held accountable to absolutely nobody. But Senator Dorgan (as with everyone else in Congress) has no one to blame but himself. Ever since the Marxist, E. Mandell House, convinced President Woodrow Wilson to create the Federal Reserve in 1913, the Congress of the United States has had virtually nothing to do with the way our fiscal policies are managed. The Fed (which is not even a government agency, but rather a private corporation consisting of mostly foreign bankers) dictates America’s financial policies.

The reality of just how our civil magistrates have come to grovel before the Fed was revealed in a column written recently by Cal Thomas. Mind you, Cal was not trying to castigate President Bush in his column. Just the opposite: his column was full of praise and adulation for the former President. In recounting his last interview with President George W. Bush, however, Cal unwittingly revealed the almost limitless power that the Fed wields over even the President of the United States.

Here is what Cal wrote: “Bush defends himself against a charge by a member of the Republican National Committee that he has behaved like a ’socialist’ because of his massive bailout spending. He [Bush] says he still believes in less government spending, but when Henry Paulson, secretary of the U.S. Treasury, and Ben Bernanke, chairman of the Federal Reserve, tell him that if he doesn’t act, the result will be worse that the Great Depression, ‘you can sit there and say to yourself, “well, I’m going to stick to principle and hope for the best, or I’m going to take the actions necessary to prevent the worst.”‘”

In other words, when the Fed says, “Jump!” the President asks, “How high?” And, with the exception of Congressman Ron Paul of Texas (and maybe one or two others), the same is true for members of the House and Senate.

In other words, ladies and gentlemen, America is being run by a private banking cartel, the majority of whom are not even citizens of these United States.

Ever since the Fed was created in 1913, America has been subjected to recession after recession, not to mention one Great Depression. Some are even predicting that the United States is now actually entering a second Great Depression. Please understand this: the Federal Reserve has manipulated every bit of this financial crisis for the express purpose of enriching the international bankers on the backs (and bankruptcies) of the American taxpayers. And what does our illustrious Congress do? They continue to give billions and even trillions of taxpayer dollars to the very same group of gangsters who created and perpetuate this financial fraud. And, as with Congress, Presidents from both major parties likewise promote and defend this chicanery.

Yet, the U.S. Constitution, in Article. I. Section. 8. Paragraph. 5., clearly gives Congress the authority “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.”

This constitutional requirement makes two obvious demands: 1) only the elected Congress, not some private foreign (or even domestic) banking interest, has the power to make monetary policy, 2) U.S. currency must be hard currency, i.e. gold and silver. Paper money–known as the Federal Reserve Notes–is not even legal tender under the U.S. Constitution.

In truth, the Federal Reserve Act of 1913 is itself unconstitutional. In simple terms, the Act did not amend or expunge Article. I. Section. 8. Paragraph. 5. of the Constitution; it merely ignored it. (And Congresses and Presidents have been ignoring the Constitution ever since.)

In fact, Article. I. Section. 10. Paragraph 1. of the U.S. Constitution specifically states, “No State shall . . . coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.”

Can anyone not see that the Federal Reserve is an illegitimate system? I will even go so far as to say that the Federal Reserve should be regarded as a corrupt, criminal system! If I were President, not only would I do everything in my power to oppose any and all financial bailouts to these international banksters, I would instruct the Justice Department to pursue criminal charges of fraud, corruption, manipulation, and outright thievery against the Fed. Instead of padding their fat assets in a million-dollar penthouse, they should be serving most of the rest of their lives in the Big House.

In the meantime, Congressman Ron Paul has again introduced a bill in the House of Representatives to terminate the Federal Reserve. It is H.R. 833: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks. The Bill was introduced on February 3 and, to date, has no cosponsors. That’s right. No cosponsors.

Until the American people demand that their elected members of Congress live up to their duties and responsibilities under the Constitution, they will continue to have their pockets picked clean by these corrupt banksters in New York City (and London) and their contemptible facilitators in Washington, D.C. Passing Dr. Paul’s bill would be a great place to start.

*If you appreciate this column and want to help me distribute these editorial opinions to an ever-growing audience, donations may now be made by credit card, check, or Money Order. Use this link:

http://www.chuckbaldwinlive.com/donate.php

(c) Chuck Baldwin

If you don’t understand the history and the motives of the Federal Reserve System, you need to get informed. I believe that your very freedom depends on it.

If you liked this post, you may want to subscribe to my RSS feed. Thanks for visiting!

Selective Constitutionalism

I don’t do this very often; but this article by Chuck Baldwin, the Constitution Party’s presidential nominee, is so good that I decided to re-post it in its entirety:

Selective Constitutionalism
by Chuck Baldwin
December 9, 2008

Many conservatives are up in arms regarding the charge that President-elect Barack Obama may not have been born in the United States and is, therefore, not qualified under the U.S. Constitution to be President of the United States.

Article. II. Section. 1. of the U.S. Constitution states, “No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President . . . .” Some accuse Mr. Obama of not being born in the State of Hawaii as claimed, but in Kenya, Africa. Several people have filed various lawsuits challenging Mr. Obama’s U.S. citizenship.

Historically, “natural born Citizen” has always been understood to mean someone born in the United States of America. If Barack Obama was not born in the United States, he is absolutely unqualified to be President. Hawaii’s secretary of state says Obama was indeed born in that state. However, to date, Obama’s actual birth certificate has not been publicly released, which only serves to add fuel to the accusations that he was not born in Hawaii.

Many conservatives seem to be obsessed with this controversy, calling it a “constitutional crisis.” The fact is, however, we have been in a “constitutional crisis” for years! The problem is, most conservatives only get worked up over a potential abridgement of constitutional government when it serves their partisan political purposes. In other words, when a Democrat appears guilty of constitutional conflict, conservatives “go ballistic,” but when Republicans are equally culpable of constitutional conflict, they yawn with utter indifference.

For example, the one man who has the notoriety and political clout to actually bring about some meaningful investigation and resolution to the Obama citizenship brouhaha is none other than Senator John McCain. After all, he was Obama’s principal opponent in the race for the White House. Plus, as the standard-bearer for the only other major political party, he has the attention of the national media, as well as the national legislative and judicial branches of government. So, why is John McCain not at all interested in the Obama citizenship issue?

Perhaps one reason that John McCain is so uninterested in where Barack Obama was born is because he, John McCain, was not born in the United States. He was born in the country of Panama. So, let me ask readers a question: Does anyone believe if John McCain had been elected President instead of Barack Obama that any notable conservative would have been distressed about a “constitutional crisis”? Get real!

Yes, I know McCain was born to a naval officer serving in Panama at the time. That fact changes nothing. John McCain was still born in a foreign country, and under a strict interpretation of the U.S. Constitution, is not qualified to be President of the United States. Even our current State Department policy (7 FAM 1100) reads: “Despite widespread popular belief, U.S. military installations abroad and U.S. diplomatic or consular facilities are not part of the United States within the meaning of the 14th Amendment. A child born on the premises of such a facility is not subject to the jurisdiction of the United States and does not acquire U.S. citizenship by reason of birth.”

Does anyone not remember the controversy surrounding the potential Presidential campaign of California Governor Arnold Schwarzenegger? Born in Austria, Schwarzenegger is a naturalized citizen of the United States and is now Governor of California. However, since Schwarzenegger is a naturalized citizen, but not a natural born citizen, he is considered unqualified to run for President.

But, again, most conservatives care little about the Constitution’s requirement that a President be a “natural born Citizen.” Like liberals, most conservatives are afflicted with a very debilitating disease that I call Selective Constitutionalism. They only want to apply constitutional government when it helps Republicans or hurts Democrats. Most of them really could not care less about adherence to the Constitution. If they did, they would have been up in arms for the last eight years as President George W. Bush repeatedly ignored–and even trampled–the U.S. Constitution.

Where were these “constitutional” conservatives when George W. Bush was assuming dictatorial-style powers and contravening Fourth Amendment prohibitions against warrantless searches and seizures? Where were they when Bush was ordering our emails, letters, and phone calls to be intercepted by federal police agencies without court oversight? Where were they when Bush was obliterating the Fifth and Eighth Amendments? Where were they when Bush overturned Posse Comitatus by Executive Order? Where were they when Bush dismantled the constitutional right of Habeas Corpus? Where were they when Bush lied to the American people about the invasion of Iraq and took the United States to war without a Declaration of War from Congress? Where were conservatives when Bush turned nine U.S. military installations over to the United Arab Emirates? Where were they when Bush ordered his Department of Transportation to open up America’s airlines to foreign ownership? Where were they when President Bush nullified (using “signing statements”) over 1,100 statutes he did not like? Where were they as President Bush and his fellow Republicans reauthorized one of the most egregiously unconstitutional pieces of legislation in modern memory: the USA Patriot Act? Where were they when Bush signed the blatantly unconstitutional McCain/Feingold Act? I could go on and on.

Ladies and gentlemen, the Republican Party has been just as culpable in violating constitutional government as the Democrat Party has–maybe more so! If the Republican and Democrat parties had any allegiance to the U.S. Constitution, neither John McCain nor Barack Obama would have been chosen as their respective Presidential nominees.

While we are on the subject, if anyone cared about constitutional government, Hillary Clinton (or any other U.S. Senator or House Member) would obviously be determined as ineligible to be given any appointment in the Obama administration under Article. I. Section. 6. of the U.S. Constitution. Why? Because the Constitution prohibits House or Senate members taking Presidential posts if the salary of the job they would take was raised while they were in Congress.

However, several past Presidents have skirted this constitutional prohibition (including Presidents Taft, Nixon, and Carter) by lowering the salary of the job back to what it was so the nominee could accept the job without receiving the pay increase that was approved while the appointee was in Congress. In fact, this sleight of hand actually has a political name. It is called “the Saxbe fix,” after Nixon’s appointment of Senator William Saxbe to be attorney general.

Do we have a “constitutional crisis”? You bet we do; but it is not limited to Barack Obama or the Democrat Party. The real constitutional crisis is the manner in which the American people have, for years, allowed civil magistrates from both major parties to routinely violate their oaths to preserve, protect, and defend the Constitution of the United States. God help us!

*If you appreciate this column and want to help me distribute these editorial opinions to an ever-growing audience, donations may now be made by credit card, check, or Money Order. Use this link:

http://www.chuckbaldwinlive.com/donate.php

© Chuck Baldwin

This column is archived as http://www.chuckbaldwinlive.com/c2008/cbarchive_20081209.html

If you liked this article, please consider signing up for Chuck Baldwin’s newsletter.

Chuck Baldwin 2008

I dislike both major-party presidential candidates so profoundly that I would feel extremely uncomfortable giving my vote to either of them. Sure, I like Obama even less than McCain, but luckily I live in a “landslide” state where I don’t have to make the difficult decision of whether I’ll vote for the proverbial “lessor of two evils”. In Utah, I can vote my conscience with a pretty solid confidence that the direct outcome will be exactly the same; Utah will see a landslide win for McCain either way, so why marshal support for someone I don’t even like?

Instead, I’m voting for Chuck Baldwin.

“Why haven’t I heard of Chuck Baldwin”, you ask. Well, it’s either because the main stream media thinks you’re stupid, or because it wants you stupid. I’ll let you decide which.

Chuck Baldwin is the Constitution Party’s candidate for president. If he won (which he won’t) I would be comfortable that our nation would be in good hands.

“But why vote for someone who can’t even win?” Well, technically he could win, but he won’t. Either way voting for someone you like makes a heck of a lot more sense than voting for someone you don’t like –especially if you live in a state (like Utah) where your vote is mostly symbolic.

My vote is a protest: I’m sick of big government Republicans that are nothing more than socialists in sheep’s clothing. They’ve done our country harm, they’ve done my party harm, they’ve done my family harm, and I want them out.

I’ve got a lot to say about how the Republican party has lost its way, but I’ll forbear for now. Suffice it to say that I think it may very well cost us this election –and we deserve to lose. Not that the Democrats are any better (in fact, they’re much worse).

I’ve also got a lot to say about our current voting system, but I’ll forbear for now. (Watch for my upcoming rant.) Until then if you live in a relatively uncontested state, you really should look at your real options: Check out Chuck Baldwin!

In the recent bailout fiasco, while both major-party candidates were using scare tactics to push pork legislation through –chiding each other all the while for not being socialist enough– Chuck’s stance against the banking bailouts was constitutional and exemplary. No wonder they didn’t want to invite him to the debates.

Now that’s leadership.

Happy voting!

Pork Conqueres All

Well, the $700 billion (pre-pork) bailout bill passed 263 to 171, and our “conservative” president GWB has already signed it into law. Here’s the House vote and the Senate vote so you know who to hate.

Here in Utah, Senators Bennett and Hatch broke their oaths to defend the constitution, with Bennett being one of the major proponents of the bill.

Congressman Cannon also voted for the bill, so I couldn’t be more pleased that he’s on his way out. Hatch and Bennett are next, in my opinion; I hope you’ll join me in making sure of it.

Both major party presidential candidates were tripping over themselves to show who supported the bailout more. Can anyone seriously call that options? I’ll be crossing the ticket to vote for Chuck Baldwin, the Constitution party candidate. You should check him out on this issue.

In other news, the Federal Reserve created $630 billion of new money earlier this week (effectively devaluing ever dollar that you have or will ever get), and nobody really noticed. Inflation is true monster. It’s an easy way for politicians to get money for pet projects without the political risk of taking it directly from the people. Sure, you get to keep your money, but eventually it become next to worthless.

These quotes seem fitting for the week:

Thomas Jefferson -

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. (via Quoty)

Henry Ford -

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. (via Quoty)