-Caveat Lector- <A HREF="http://www.ctrl.org/"> </A> -Cui Bono?- from: http://members.delphi.com/ezrapound/index.html Click Here: <A HREF="http://members.delphi.com/ezrapound/index.html">Chain Store Age Outscoops New York Times; and, �</A> ----- EZRA POUND's Fed Reserve & Treasury Report CardMore on Federal Home Mortgage Loan Corporation & Community Reinvestment Act below: For Ezra's History of the CRA, Community Reinvestment Act, Pension Fund Fraud, Social Security Trust Fund pilfering, and the FHLMC, click here from "Pound: Poet as SCULPTOR", by Donald Davie "To create money out of nothing, in excess of natural wealth, to buy and sell money, to set money chasing after money -- this is the way of the MOLDER and the BRICKMAKER, not the way of the STONEMASON and PLOUGHMAN. And this is what Pound means by USURA" Summary of NEW YORK TIMES story on GOLD, February 8th, 2000, by Jonathan Fuerbringer, and stats from other pages of today's New York Times: "GOLD is no longer recommended for "hedging" by GOLD producers-speculators. Only a few top players in the GOLD market (Tanzania; Toronto; Toqueville; South Africa; Australia; Israel) will continue "hedging" against their own GOLD. Price of GOLD an ounce is currently below low of Oct. '99, now at $304.50/ounce, down from October's $326/ounce. 15 European Central Banks have agreed to limit their selling of GOLD to 400 TONS a year over the next 5 years. "Gold leasing" will slightly decrease. OTHER STATS IN THE NEWS TODAY! : Orders for ROBOTS were up globally 20% in 1999, and in the US and Canada were up a full 60% !!! Computer chip sales were up worldwide in 1999 by 19%. Pharmaceutical companies will rake in BILLIONS when they crack the HUMAN GENOME CODE and callibrate their new drugs on the BASIS of our Gene Code. You witnessed the fiasco of controlling genetic engineering in Montreal at the World Summit!!! Wait till next year when the CODE IS CRACKED. You won't hear about any of this on PBS .... their new director is now former head of Turner TV and CNN political programming, and is an expert at grabbing both federal funding and BIG CORPORATE FINANCIAL backing, which is what NPR and PBS are all about now. click here for a thorough run down on the GLASS STEAGALL ACT, and what has been going on in Congress to drain it of vitality from the JANUARY 2000, "Chain Store Age" trade magazine [excerpted from an article written by Washington DC correspondent Ken Rankin] "WASHINGTON OUTLOOK, 2000" "[...] The debate over the national minimum wage and the Clinton administration's plans for raising it to $6.15 per hour, will resume early in the 2000 Congressional session as supporters of the proposal appear confident that they have enough votes to push it through this year. Retail industry lobbyists and other opponents of a rising pay floor are resigned to the prospect that some mimimum-wage legislation is likely to be enacted. [...] In some parts of the country, however, the minimum wage will be the least of the payroll-related headaches facing retailers. So-called "living wage" proposals aimed at forcing hourly wage rates up to $10 or $11 or higher are expected to come under serious consideration in dozens of cities, towns and counties from Santa Monica, Calif., to the Washington Beltway bedroom communities that circle the nation's Capitol. [...] In what may be the first in a new wave of such actions, the Labor Department's Wage and Hour Division accused TOYS R US of a series of federal child-labor violations involving more than 300 fourteen and fifteen year old store employees in New England. (To resolve the complaint, the chain [TOYS R US] agreed to pay a $200,000 fine and to assign color-coded name badges to help store managers identify them more easily.). [...] An even more heated controversy figures to flare up over the next few months involving the taxation of electronic commerce. Although Congress imposed a three-year moratorium on state or local taxes of Internet sales transactions, the blue-ribbon commission created to recommend a "level-playing-field" solution to this problem now appears to be hopelessly deadlocked. [...] There will also be opportunities for the industry to support legislative corrections in laws that have proved troublesome for retailers in the past. During the coming year, for example, Congress will be debating a newly introduced LEGAL EMPLOYMENT AUTHENTICATION PROGRAM (LEAP) ACT, designed to make it easier for retailers and other employers to verify the immigration status of newly hired workers." BIGGEST LIE OF THE MILLENIUM [excerpted from an article by Richard Stevenson from the THE NEW YORK TIMES] "[...] In explaining its action, the Fed emphasized a concern that Alan Greenspan, the central bank's chairman, has stressed repeatedly in recent months: that the nation is LITERALLY RUNNING OUT OF WORKERS [...]." EZRA'S "GUANO" AWARD FOR THE BAT-IEST QUOTE: -- goes to Alan Greenspan, who was reported to have said in the NEW YORK TIMES "History tells us that sharp reversals in confidence occur abruptly, most often with little advance notice." "Panic reactions in the Market are characterized by dramatic shifts in behavior that are intended to minimize short term losses." The stock market of 1999 had been more volatile than at any time since 1987, and it intensified in its last 2 weeks. Since WWII only 16 weeks have been worse than the week of October 13th, 1999. That week's decline in the DOW Index was the largest EVER in POINTS.] click here for RECENT RADICAL HEADLINES IN THE NEWS! from me, Ezra Pound, III. USURY: "SECRETS OF THE FEDERAL RESERVE" click here for a real eye popper opener on T-BILLS, and how they are used by the FED RESERVE as FRNs solely as DEBT INSTRUMENTS!!! Yep. It's true. Say you read it on Ezra's website!! Since its inception during the Depression, the Social Security program's taxes have been invested in TREASURY SECURITIES held in a government account. The program is funded by a 12.4 percent payroll tax, paid half by employers and half by employees. JFK thought he knew the difference only too well between the Treasury and the Federal Reserve, and he gave even more one helluva fight than even your old narrator here, EZRA POUND! In fact, some say he was assasinated for this, and that also former Sen. McFadden died suddenly after his 25 minute Congressional on-the-floor vituperation directly against the Federal Reserve! He had been Chairman of the Banking and Currency Committee and couldn't live with himself and his lies anymore! Click here on GOLD [below] to see just what measures JFK took to find a balance between the US Treasury and the Federal Reserve, going back in historical divisiveness, and conflict, to disagreements and disputes between Alexander Hamilton and John Adams. GOLD You MUST read the book by Richard Brookhiser, 1999, titled "Alexander Hamilton" in which he narrates that Hamilton wrote 2/3rds of THE FEDERALIST PAPERS, was one of the fathers of American journalism, founder of THE NEW YORK POST, and at age 32, was our first Secretary of the Treasury. John Adams, Ezra Pounds pet peeve, was horribly disdainful of Hamilton, but dared not show it, since he was only just over 5 foot 2 inches, and very stout. Hamilton, friend to all slaves across the United States, was born illegitimate in the West Indies [sugar cane plantations]. His father had been a Scottsman drifter who abandoned his mother when he was one. Hamilton at times courted the rich in his role as Treasurer, but he NEVER stooped to the demands of the Plantation owners . Hamilton's favored Revolutionary statesman was Nathanael Greene, a Quaker from Rhode Island. Ironically, Jefferson rose to his prominent status weeks after his friend Aaron Burr shot Hamilton dead. Jefferson replaced Hamilton on his Presidential ticket [dead men don't run]. from the New York Times article by Stephen Labaton "Long Standing Dispute Between the Treasury Department and the Federal Reserve " [...] Treasury Secretary Lawrence H. Summers said [recently] "the Administration is disappointed by the recommendations on the Financial Modernization Bill put forth by Chairman Gramm, Leach, and Bliley today. A flawed process risks producing flawed legislation." [...] Mr. Summers and other Administration officials criticized the legislation today for failing to provide privacy protections for consumers and for heavily diluting the Community Reinvestment Act [CRA]. That 1977 law encourages banks and savings associations to make loans to minorities, farmers, inner city residents and others who have been historically denied access to credit. The Republican compromise also left open a long standing dispute between the Treasury Department and the Federal Reserve about WHICH would have regulatory primacy over many of the nation's banks. [...] The measure announced today continues to favor the Federal Reserve as the top regulatory agency. [...] said Sen. Charles E. Schumer (Dem., NY) "It's now quite clear that the banking bill will be made or broken on the Community Reinvestment Act [CRA]." [...] the legislation ... does not prevent affiliates of the same corporation from sharing [confidential] CUSTOMER INFORMATION. So, for example, an INSURER would be able to give confidential customer information to a BANK if the two companies are affiliated [which is quite rampant today]." OCTOBER 13TH, 1119 AD, HISTORICAL NOTE!!! TEMPLARS -- Only the knights Templar wore the distinctive regalia (1119 AD) -- a white surcoat marked by a red cross [exactly like the insignia for the Red Cross Blood Bank today]. The Templars have not been without ENEMIES due to their secret rites of initiation. On October 13th, 1307, Phillip IV of France had very Templar in France arrested and sequestered all their properties. On March 22, 1312, all the Templars property and wealth was transferred to the Hospitallers, their RIVALS, with the Pope's blessing. The Hospitallers were badly sacked on the islands of Cyprus, Rhodes, and Sicily in the 1500s [guess by who!], their last bastions of strength. After this time they were headquartered in Rome and the island of Malta, and changed their name to the Knights of Malta, of which Patrick Buchannan is a member. In 1798 Napolean occupied the island of Malta, and since then, according to their publicists, they have turned completely towards MEDICAL CARE and issuing passports to aristocrats. GOLD GOLD GOLD !!! South Africa, the world's leading gold producer, will lay off 5000 workers, with NO severance pay, in the immediate future. The IMF has encouraged South Africa to sell short its gold now that the price has bottomed out at a 20-year low of $225.75 an ounce. The Bank of England recently dumped 25 tons of GOLD in a planned total jettison of 415 tons of GOLD. =============================================== from 1999 THE NEW YORK TIMES exerpted from Alan Cowell's article FEDERAL RESERVE BANK OF NEW YORK President Speaks of THREE PILLARS "The top global banking regulator introduced proposals today that would strengthen protections against bad loans and subject the risk-assessment operations of big international banks to greater supervision. The proposals, announced in London by a panel of the BANK OF INTERNATIONAL SETTLEMENTS OF BASEL, Switzerland, were not a direct result of the financial crisis in Asia and Russia or of the NEAR COLLAPSE of LONG-TERM CAPITAL MANAGEMENT, banking officals said. [...] William J. McDonough, the president of the FEDERAL RESERVE BANK OF NEW YORK and Chairman of the [BASEL] PANEL, told a news conference here that the new proposals rested on THREE PILLARS. [...] The PROPOSALS would allow the banks to use their own methods to calibrate risk, but only in conjunction with supervisory authorities ... the proposals could intensify a long-running disagreement between banking supervis ors and bankers, and some bankers immediately criticized the proposals. "We are trying to figure out whether this is a TROJAN HORSE because it outlines a program of broader and more intrusive oversight and more stringent supervision," an American banker in New York said. more from the book THE SECRETS OF THE FEDERAL RESERVE, by Eustace Mullins: p. 159 "The Banking Act of 1935, which greatly increased ROOSEVELT'S POWER over the nation's finances, was an integral part of the legislation by which he proposed to extend his reign in the United States. It was not opposed by the people as was the National Recovery Act, because it was not so naked an infringement of their liberties. It was, however, an important measure. First of all, it extended the terms of office of the Federal Reserve Board of Governors to fourteen years, or, three and a half times the length of a Presidential term. This meant that a President assuming office who might be hostile to the Board could not appoint a majority to it who would be favorable to him. Thus, a monetary policy inaugurated before a president came into the White House would go on regardless of his wishes. The Banking Act of 1935 also repealed the clause of the GLASS STEAGALL Banking Act of 1933, which had provided that a banking house could not be on the Stock Exchange and also be involved in investment banking. THIS CLAUSE WAS A GOOD ONE, since it prevented a banking house from lending money to a corporation which it owned. Still it is to be remembered that this clause covered up some other provisions in that Act, such as the creation of the FDIC, Federal Deposit Insurance Corporation, providing INSURANCE MONEY to the amount of 150 million dollars, to guarantee FIFTEEN BILLION dollars worth of deposits. This increased the power of the big bankers over small banks and gave them another excuse to investigate them. The Banking Act of 1933 also legislated that all earnings of the FEDERAL RESERVE BANKS must by law go to the banks themselves. At last the provision in the Act that the Government share in the profits was gotten rid of. It had never been observed, and the increase in the assets of the Federal Reserve Banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went entirely to the private stockholders of the banks. Thus, the ONE CONSTRUCTIVE PROVISION of the Banking Act of 1933 was REPEALED in 1935, and also the FEDERAL RESERVE BANKS were now permitted to loan directly to industry, competing with the member banks, who could not hope to match their capacity in arranging large loans." Click here to see Alan Greenspan's, our FEDERAL RESERVE PATRIARCH, 1983 letter to pal Ronald Reagan in his then official role as Chairman of the National Commission on SOCIAL SECURITY REFORM =============================================================== " ... With prodding by the FEDERAL RESERVE BANK OF NEW YORK, a consortium of 14 banks and investment houses agreed to chip in more than $3.5 billion to rescue the hedge-fund company. [...] On Sept. 18, the fund's capital was down to $1.5 billion, the source said. On the night the RESCUE DEAL was announced - just five days later, -- only $600 million in capital remained. [...] MERRILL LYNCH, which was one of the biggest investors in LONG TERM CAPITAL, and has marketed the fund to many of its best clients ... It said in a memo today that its participation in the consortium was not motivated by a concern about losses that Merrill itself would face if Long-Term were forced to liquidate. "In fact, our current exposure is fully collateralized by CASH and U.S. TREASURIES," the memo said." " ... Meanwhile, debate continued about the propriety of the BAILOUT and the role of the NEW YORK FED in bringing it about. The deal, which bolstered Long-Term's capital to more than $4 billion, amounts to a TAKEOVER of the fund by its CREDITORS, but there were more complaints today that the FED SHOULD'NT have been involved in arranging the RECAPITALIZATION of a private, unregulated HEDGE FUND for WEALTHY INDIVIDUALS and big institutions." Here are some insightful excerpts from Mr. Mullin's book that are quite applicable to recent developments. It was by and large Mr. Mullin's efforts that emancipated EZRA POUND from the St. Elizabeth's Hospital, Federal prison term: Cassandra, the publisher, feels that an obligatory photo of the great poet is in order here in such a discussion pertaining to rivalries between Treasuries and Holding Companies, or Reserves. MORE from Eustace Mullins' book COMING LATER!!! from Sept. 29th WASHINGTON POST, p E3, the ALLAN SLOAN column: " ... call me cynical, but I think that leaving investors with hundreds of millions of dollars and paying fat fees to failed managers is Wall Street's clubbiness at work. Long Term's chief executive, John Meriwether, forced out of SALOMON BROTHERS Inc. in 1991 for not properly supervising subordinates who were rigging government bond auctions, is one of The Boys. ... the reason Long Term Capital is not Long Gone Capital is that it was too big to fail, thanks to $80 billion or so of borrowed money. It also had so many deals with other institutions --- call it $1 trillion worth -- that its sudden demise could have crippled some of those "counterparties." ... Congress will soon hold hearings on Long Term Capital's collapse and the role of HEDGE FUNDS." from the Sept. 29th Pat Buchanan column in the WASHINGTON TIMES: " ... The Greenspan pirouette occurred at the precise moment the FEDERAL RESERVE BANK OF NEW YORK was presiding over a $3.5 billion bailout of a giant private "hedge fund" called Long Term Capital Management, run by financial wizard John Meriwether. Long Term is facing losses on $100 billion of bad bets in global financial markets. As creditors pumped in the cash, Mr. Greenspan dropped his bomb, driving up stock prices and investment portfolios 3 percent in hours. ... Who will provide the $40 billion and eventually lose that $40 billion? RIGHT AGAIN. U.S. taxpayers will be conscripted to pony up the BAILOUT MONEY, take the risks and eventually EAT the losses." from page 18 of the Book SECRETS OF THE FEDERAL RESERVE: "... The farce of the Pujo Committee ended without a single well-known opponent of the money creators being allowed to appear or testify. As far as Samuel Untermyer was concerned, Senator laFollette and Congressman Charles Augustus LINDBERGH had never existed. Nevertheless, these Congressmen had managed to convince the people of the United States that the New York bankers did have a monopoly on the nation's money and credit. At the close of the hearings, the bankers and their subsidized newspapers claimed that the only way to break this monopoly was to enact the banking and currency legislation now being proposed to Congress, a bill which would be passed a year later as the Federal Reserve Act. The press seriously demanded that the New York banking monopoly be broken by turning over the administration of the new banking system to the most knowledgeable banker of them all, Paul Warburg. The Presidential campaign of 1912 records one of the more interesting political upsets in American history. The incumbent, William Howard Taft, was a popular president, and the Republicans, in a period of general prosperity, were firmly in control of the government through a Republican majority in both houses. The Democratic challenger, Woodrow Wilson, Governor of New Jersey, had no national recognition, and was a stiff, austere man who excited little public support. Both parties included a monetary reform bill in their platforms: The Republicans were committed to the Aldrich Plan, which had been denounced as a Wall Street plan, and the Democrats had the Federal Reserve Act. Neither party bothered to inform the public that the bills were almost identical except for the names. In retrospect, it seems obvious that the money creators decided to dump Taft and go with Wilson. How do we know this?? Taft seemed certain of reelection, and Wilson would return to obscurity. Suddenly, THEODORE ROOSEVELT "threw his hat into the ring." He announced that he was running as a third party candidate, the "Bull Moose". His candidacy would have been ludicrous had it not been for the fact that he was exceptionally well-financed. Morevoer, he was given unlimited press coverage, more than Taft and Wilson combined. As a Republican ex-president, it was obvious that Roosevelt would cut deeply into Taft's vote. This proved the case, and Wilson the election. To this day, no one can say what Theodore Rossevelt's program was, or why he would sabotage his own party. Since the bankers were financing all three candidates they would win regardless of the outcome. Later Congressional testimony showed that of the firm of Kuhn Loeb Company, Felix Warburg was supporting Taft, Paul Warburg and Jacob Schiff were supporting Wilson, and Otto Kahn was supporting Roosevelt. The result was that a Democratic Congress and a Democratic President were elected in 1912 to get the central bank legislation passed. It seems probable that the identification of the Aldrich Plan as a Wall Street operation predicted that it would solidly oppose it, whereas a successful Democratic candiate, supported by a Democratic Congress, would be able to pass the central bank plan. Taft was thrown overboard because the bankers doubted he could deliver on the Aldrich Plan, and Roosevelt was the instrument of his demise." from page 50: " ... John Pierpont Morgan was born in 1837, during the first money panic in the United States. Significantly, it had been caused by the House of Rothschild, with whom Morgan was later to become associated. In 1836, President Andrew Jackson, infuriated by the tactics of the bankers who were attempting to persuade hime to renew the charter of the Second Bank of the United States, said, "You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." ... The Bank of England, of course, was synonymous with the name of Baron Nathan Mayer Rothschild. Why did the Bank of England in one day "throw out" all paper connected with the United States, that is, refuse to accept or discount any securities, bonds or other financial paper based in the United States? The purpose of this action was to create an immediate financial panic in the United States, cause a complete contraction of credit, halt further issues of stocks and bonds, and ruin those seeking to turn United States securities into cash. In this atmosphere of financial panic, John Pierpont Morgan came into the world. His grandfather, Joseph Morgan, was a well to do farmer who owned 106 acres in Hartford, Connecticut. He later opened the City Hotel, and the Exchange Coffee Shop, and in 1819, was one of the founders of the Aetna Insurance Company. ... One of the high water marks of the successful Rothschild-Peabody-Morgan business venture was the Panic of 1857. It had been twenty years since the Panic of 1837: its lessons had been forgotten by hordes of eager investors who were anxious to invest the profits of a developing America. It was time to fleece them again." "The stock market operates like a wave washing up on the beach. It sweeps with it many miniscule creatures who derive all of their life support from the oxygen and water of the wave. They coast along at the crest of the "Tide of Prosperity". Suddenly the wave, having reached the high water mark on the beach, recedes, leaving all of the creatures gasping on the sand. Another wave may come in time to save them, but in all likelihood it will not come as far, and some of the sea creatures are doomed. In the same manner, waves of prosperity, fed by newly created money, through an artificial contraction of credit, recedes, leaving those it had borne high to gasp and die without hope of salvation." " ... tells us that on February 5, 1891, a secret association known as the ROUND TABLE GROUP was formed in London by Cecil Rhodes, his banker, Lord Rothschild, the Rothschild in-law, Lord Rosebery, and Lord Curzon. He states that in the United States the Round Table was represented by the Morgan group. Dr. Carrol Quiqley refers to this group as "The British-American Secret Society" in TRAGEDY AND HOPE, stating that "The chief backbone of this organization grew up along the already existing financial cooperation running from the Morgan Bank in New York to a group of international financiers in London led by Lazard Brothers (in 1901)." " ... After World War I, the Round Table became known as the COUNCIL ON FOREIGN RELATIONS in the United States, and the ROYAL INSTITUTE OF INTERNATIONAL AFFAIRS in London. The leading government officials of both England and the United States were chosen from its members. In the 1960s, as growing attention centered on the surreptitious governmental activities of the COUNCIL ON FOREIGN RELATIONS, subsidiary groups known as the Trilateral Commission and the Bilderbergers ... began operations." ... Their paid propagandists would arouse feelings of hatred and revenge against the ruling classes by exposing all real and alleged cases of extravagance, licentious conduct, injustice, oppression, and persecution. They would also invent infamies to bring into disrepute others who might, if left alone, interfere with their overall plans ... ... The power of ... resources must remain invisible until the very moment when it has gained such strength that no cunning or force can undermine it." from page 81: " ... Another director of J. Henry SCHRODER [same name as the current 1999 Chancellor of Germany]is Norris Darrell, Jr. born in Berlin, Germany, partner of Sullivan and Cromwell, and a director of SCHRODER Trust Company. Bayless Manning, partner of the Wall Street law firm of Paul, Weiss, Rifkind and Wharton, is also a director of J. Henry SCHRODER. He was President of the Council on Foreign Relations from 1971-1977, and is editor in chief of the YALE LAW REVIEW. Paul H. Nitze, the prominent "disarmament negotiator" for the United States government, is a director of Schroder's Inc. He married Phyllis Pratt, of the Standard Oil fortune, whose father gave the Pratt family mansion as the building which houses the COUNCIL ON FOREIGN RELATIONS." Here are some of my favorite sites: ALEXANDER HAMILTON and the Chartered National Bank TIME TRAVEL The Rabbi Who Knew Too Much Lady Lewinsky's Prison Rap Sheet HMOs: Homicidal Management Organizations New Sculpture of GEORGE WASHINGTON THE MALACHIAS PROPHECY INSECTS!!!! Cetacean Dragon Presents JOHN MICHEL, artist TEMP SLAVERY!!!! There have been 292 visits to this page since 7/6/99. This page was last updated 2/8/00. Sign my Guestbook. Send me email. ------------------------------------------------------------------------ This page is provided as a free service of Delphi Forums Inc., who is not responsible for its content. ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. 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