The government of Iceland has forgiven the mortgage debt for much of its population.

This nation chose a very different way of stopping the crisis from the rest of European countries.

It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused

three years after their financial excesses..

http://uncensored.co.nz/2012/04/14/iceland-forgives-mortgage-debt-of-its-population/

Pot Calls Kettle Black! Dallas Fed Claims Banks Too Big
Friday, March 30, 2012 – by Staff Report

Richard Fisher

From Big State a Call for Small Banks … An annual report from a regional Federal Reserve bank is typically a collection of banalities and clichés with some pictures of local worthies who serve on the board. And so it is with this year’s annual report from the Federal Reserve Bank of Dallas, whose pages are graced by the smiling, stolid portraits of board members who run local companies like Whataburger Restaurants. But the text is something else entirely. It’s a radical indictment of the nation’s financial system. The lead essay, which is endorsed by the president of the Dallas Fed, contends that despite the great crisis of 2008, a cartel of megabanks is still hindering the economic recovery and the institutions remain too big to fail. The country’s biggest banks look much as they did before the 2008 financial crisis — only bigger. They have ”increased oligopoly power” and ”remain difficult to control because they have the lawyers and the money to resist the pressures of federal regulation,” Harvey Rosenblum, the head of the Dallas Fed’s research department, wrote in the essay. – ProPublica

Dominant Social Theme: We, the Fed, the most powerful monopoly on the planet, are concerned about the ”increased oligopoly power” of our distribution system.

Free-Market Analysis: The excerpt above is taken from a column that ”monitors” financial markets in order to hold ”companies, executives and government officials accountable for their actions.”

OK. It’s a well-written column, but it misses a main point, in our humble view. The Federal Reserve is a mercantilist (quasi public) facility apparently controlled by dynastic families out of the City of London and elsewhere. For an entity within this larger monstrosity to call parts of the US banking system ”too big to fail,” is rich, to put it mildly.

This is actually part of a larger elite dominant social theme, that central banks are a public good and that the quasi-private banking system beneath them is where the problems reside.

This simply isn’t true, in our humble opinion. As we’ve often pointed out, the current Western banking system is nothing but a distribution channel for the elite’s monopoly fiat money. That’s why the world is so overbanked.

If the Dallas Fed honchos had written the following, it would be closer to the truth: ”Go to any large city on the planet and observe that the largest skyscrapers are filled with headquarters of obscure banks you’ve never heard of. Travel to any country and observe that banking is a primary occupation …

”Banking is the world’s biggest bubble. We distribute our printed and digital money-from-nothing through large commercial banks and thus they are never allowed to go out of business. They are part of us and we would no more remove them from the body politic than we would cease to purvey our endless tidal wave of currency.”

In other words, it’s kind of hypocritical for the Dallas Fed to complain about the size of American central banks. To use another metaphor, it’s kind of like an obese person pointing to his stomach and claiming that it ought to shrink. Sure, a big stomach is a problem, but it’s not the WHOLE problem by any means. Here’s some more from the article:

Having seen the biggest banks make risky bets, crush the economy and get rewarded leaves ”a residue of distrust for the government, the banking system, the Fed and capitalism itself,” Mr. Rosenblum wrote. It’s one thing for the Occupy movement to point out how bailing out the biggest banks — with little cost to their executives or shareholders and creditors — has demolished credibility. It’s quite another for top officials in the Federal Reserve system to put it in an annual report.

”We know under the current structure that the government would be called on once again,” the president of the Dallas Fed, Richard W. Fisher, told me. He has been giving a series of speeches about the continuing problem of ”too big to fail.” …

Unfortunately for our banking regulation system, critics in the regional Federal Reserve banks haven’t had much influence on regulatory policy … Mr. Fisher, the Dallas Fed president, has been one of the fiercest inflation hawks. He has dissented against the Fed’s efforts to buy longer-term assets, known as quantitative easing, which was an effort to stimulate the economy. (He has been less worried about inflation more recently, arguing that unemployment is the top problem for the economy.)

”Sound money and sound structure go hand in glove,” Mr. Fisher said … The top bank regulators at the Fed, meanwhile, have embraced unorthodox monetary policies, but have also had scant courage and originality in challenging the current structure of the country’s financial system. Not so with the Dallas Fed. Its report champions ”the ultimate solution for TBTF — breaking up the nation’s biggest banks into smaller units.”

The elite’s central banking promotion is an endless one. We are constantly transported to the Church of Paper Money where a group of good, gray men administer the creation of trillions of dollars at the push of a button.

After creating a random trillion here and there, these same individuals saunter out to the platform (or stage) and address the waiting ”financial reporters.” They explain they are very worried about ”inflation,” never hinting that they’d just primed their digital printing presses with another trillion that very morning.

In truth, central banks are inflation factories. The inflation is aimed at the money supply and price inflation is the inevitable result when the money finally begins to circulate. The confusion between inflation and price inflation is purposeful as well. It is another sub dominant social theme: ”inflation” has to do with prices. It does not, of course. It has to do with the amount of money in circulation.

There were very few central banks 100 years ago. Today there are 150, and most of them are quasi-public entities, controlled behind the scenes by the top dynastic families, it seems, that want to create world government and use the proceeds of monopoly money to do so.

The trouble with the elite’s control of central banking in the modern era is that what we call the Internet Reformation has thoroughly exposed it. As we have pointed out in many articles, the Internet is like the Gutenberg Press before it. It is a magnifying glass, exposing questionable realities that went unnoticed in the 20th century when the elites controlled virtually all forms of formal communication.

Today, the average man – struggling to keep his home, family and job – is well aware that there are a few people who regularly distribute trillions to their cronies while his region withers from the ruin that results from an overabundance of ever-more debased money.

It is this MORAL revelation – a revelation of immorality actually – that is likely going to do in the central banking system. The top central bankers like Fisher are deliberately trying to take a moral position about the modern money system but it may already be too late.

The idea is to whip up resentment against the putatively private sector – to pretend that central banking itself is above the fray and that the problems of the financial world have to do with the structure and immorality of Wall Street and ”too-big-to-fail” banks.

For this reason, we have predicted that eventually there will be neo-Pecora hearings in Washington, DC that will then set the tone for the rest of the Western world as well. The previous Pecora hearings back in the 1930s blamed the Depression on Wall Street greed and corruption and set up the SEC, NASD etc.

The new Pecora hearings, which are even now being planned, will deal a full death blow to what is left of the private capital-raising mechanism of the US. There is no question that Wall Street is thoroughly contemptible and corrupted, but after these new hearings take place, there will be nothing left of market capitalism in the US.

The country will have fulfilled the mandate of possible Rothschild agent Alexander Hamilton who wanted to ensure that the US system mimicked the dirigiste European system where people born into one class could never migrate to another.

But there is the Internet … Finally, there is the Internet. These neo-Pecora hearings – if and when they come – will not take place in a vacuum. The powers that be can do all they want to pretend that the problems of Western society come from ”big banks” but the evident and obvious truth is that the problems faced by the Western world come from the money system itself.

The world is drowning in money and banks. This plethora of monetary agents has been propounded by the elites themselves to create recessions, depressions and eventually wars – the building blocks of the coming world government. Out of chaos … order.

It will not do anymore for the elites to pretend that central banks are the disinterested solution to the ”larger” problems of private-sector cronyism and corruption. In fact, fiat-money monopoly printing IS the problem. The biggest of the too-big-to-fail banks are the central banks themselves.

Conclusion: If the honchos of the Dallas Fed want to break up banks, they should start with their own.

http://www.thedailybell.com/3746/Pot-Calls-Kettle-Black-Dallas-Fed-Claims-Banks-Too-Big

Obama’s $950 billion Health Care Reform Bill an unnecessary waste of tax dollars.

On March 23, 2010, Obama signed the unconstitutional Affordable Care Act. The bill is an attempt to force all Americans to pay for health care insurance. It is just another scheme to rob the American people. Obama’s Health Care Scam Bill is unnecessary. The federal government already funds health care centers throughout the United States. Individual states also already funds health care. They have been doing this since the formation of the Republic we know as the United States of America. If the US federal government is already, and has already been funding health care in every state of the United States then logically the United States already has a universal health care system. After all universal means – “including or covering all or a whole collectively or distributively without limit or exception; especially : available equitably to all members of a society”.

Federally and State funded health centers already exists across the United States. These centers already care for you, even if you have no health insurance. You pay what you can afford, based on your income. These federally funded health centers provide:

* checkups when you’re well
* treatment when you’re sick
* complete care when you’re pregnant
* immunizations and checkups for your children
* dental care and prescription drugs for your family
* mental health and substance abuse care if you need it

These federally and state funded health centers are in most US cities and many rural areas. So if a system that cares for the American people is already in place why force Americans to buy something they all receive.

If the US government is so concerned about the health of the American population why not spend just a fraction of the $950 Billion (the cost of Obama’s Affordable Care Act) and open up “Free Clinics” across the United States. Free Clinics are more in line with the spirit of the United States Supreme law – the Constitution of the United States.

A free clinic is a medical facility offering community health care on a free or very low-cost basis. Care is generally provided in these clinics to persons who have lower or limited income and no health insurance, including persons who are not eligible for US Medicaid or Medicare programs. In the US, free clinics already provide care for acute, non-emergent conditions. Many also provide a full range of primary care (including preventive care) and care for chronic conditions. Some free clinics include licensed pharmacies and dental services.

Free clinics today are defined by the US National Association of Free Clinics as “private, non-profit, community based organizations that provide medical, dental, pharmaceutical and/or mental health services at little or no cost to low-income, uninsured and under insured people. They accomplish this through the use of volunteer health professionals and community volunteers, along with partnerships with other health providers.” Some free clinics rival local government health departments in size and scope of service with multi-million dollar budgets, specialized clinics and numerous locations.

The modern notion of a free clinic began in the 1960s in San Francisco when Dr. David Smith founded the Haight Ashbury Free Clinics in 1967. Since then free clinics quickly spread to other Californian cities and the rest of the United States. In 1972 a meeting was held at the Shoreham Hotel in Washington DC where clinic staff from around the country gathered and listened to speakers including Dr. Smith. At this meeting the slogan “Health Care is a Right Not a Privilege” emerged as a theme. Obama’s unAffordable $950 billion Careless Act aims to take away that right.

PC
March 27, 2012 – 9:38 pm

The American Red Cross (ARC), also known as the American National Red Cross, is the largest free health care provider in the United States. It is and has been a volunteer led, humanitarian organization that provides emergency medical assistance, disaster relief and education inside the United States. It has been providing free health care since May 21, 1881 when the American Red Cross was established in Washington, D.C., by Clara Barton, a teacher and federal bureaucrat when the American Civil War broke out. The American Red Cross national headquarters is in Washington, D.C., located one block from the White House.

The American Red Cross is a nationwide network of more than 650 chapters and 36 blood services regions dedicated to saving lives and helping people prevent, prepare for and respond to emergencies. More than a million Red Cross volunteers and 30,000 employees annually mobilize relief to people affected by more than 67,000 disasters, train almost 12 million people in necessary medical skills and exchange more than a million emergency messages for U.S. military service personnel and their family members. The Red Cross is the largest supplier of blood and blood products to more than 3,000 hospitals nationally and also assists victims of international disasters and conflicts at locations worldwide. In 2006 the organization had over $6 billion in total revenues; revenue from blood and blood products alone were over $2 billion.

If the American Red Cross can function on just $6 billion and they provide blood services for 3,000 hospitals nationally, mobilize relief to people affected by more than 67,000 disasters “worldwide”, and train almost 12 million people in necessary life saving medical skills why is Obama spending $950 billion for a universal health care system the US already has?

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PC
March 27, 2012 – 9:51 pm

Obama’s $950 billion Affordable Care Act was written behind closed doors. It passed Congress entirely on a straight party-line vote. In the combined House and Senate, only a single Republican voted for it, excluding even Republicans who consider voting with their party sacrilegious.

Two federal judges have ruled it unconstitutional. U.S. District Court Judge C. Roger Vinson wrote that, “Never before has Congress required that everyone buy a product from a private company (essentially for life) just for being alive and residing in the United States.” Vinson noted, if Congress has the power “to compel an otherwise passive individual into a transaction … it is not hyperbolic to suggest that Congress could do almost anything it wanted.”
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PAUL W KINCAID
March 27, 2012 – 10:49 pm

Not one penny of the $950 billion will actually go towards providing health care for any American. No one in the United States will get any form of health care for footing the $950 billion bill. The total amount is for the “initial” cost of Obama Care. It is startup costs. Start-up costs are amounts paid or incurred for creating an active trade or business. Startup costs are always just a fraction of operating costs. The tip of the iceberg.

Obama’s embezzled $950 billion will be used to create new regulatory agencies. Those agencies will recruit and train people to enforce, arbitrarily detain, fine and/or imprison those who do not pay. The bulk of the money will go towards slush funds. Slush funds are funds used for corrupt practices, such as bribery or graft. How much did Obama demand he be paid to put his signature on this Medical care fraud scheme?

Has anyone noticed that the Obama Care startup money costs the American people more money than George W Bush’s Wall Street Bank Bailouts. Bush gave away a historic $700 billion to the Federal Reserve bankers in October of 2008. Obama Care startup costs is even more than Obama’s $787 billion Economic Stimulus package – that also went to the Federal Reserve Banks. Who is going to handle Obama’s $950 billion startup funny money? None other than the Federal Reserve bankers. Who is going to profit the most from Obama Care? The Federal Reserve bankers. The Federal Reserve banker will print $950 billion in worthless counterfeit Federal Reserve Notes for the US government and then loan this worthless funny money to the US government with interest. Do you get it yet? The “Federal” Reserve Bank loans the U.S. government their own “money” at usury or interest!! The American people are forced to pay usury on their own money. Not even the Italian Mafia could have dreamed up a more stupendous scam than this!

http://presscore.ca/2011/?p=5910

”Is the financial crisis over, or are we heading towards disaster? End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure. Through each of their narratives, a story is built which chronicles the current economic dilemma and paints a picture of the world’s financial future.”

http://www.endoftheroadfilm.com

http://www.zerohedge.com/news/end-road-tease