This article was written 7/8/2008, please read and see if this is applying today?
By Joan Veon—news with views.

A side note before you read this is—actions set forth taken by the likes of Obama and Bernanke are trying to destroy the us as a leader and Obama wants to install himself as the Dictator of the entire world. The Romans, Hitler, Russians, Chinese and now Obama all have tried this. Resolution 21 plan is pushed by the globalists on a continuous basis. Our only hope is that the Governors stand up for the constitution and take back the many State Functions they have surrendered over the years when the leftist were in power.
We first must recognize that the Federal Reserve Act passed in 1913 never gave them (the Feds) total power over our economy. The Federal Reserve is not required to make public who sits on their board of Directors nor who or what banks and corporations hold stock in their private company. Additionally, they are not required to publish an annual report, and I am told, they pay no taxes. So why is it that the American people cannot forgive themselves the interest on their debt? It is because it is owed to a private corporation! Add money, interest rates fall, and the market rises and when they take money out of the system, interest rates rise and the stock market falls or corrects. In doing so, this private corporate structure allows for an elite group of people to literally buy low and sell high, thus transferring the wealth into their pockets while those who continue to hold take the “hit.” The globalization of our financial system goes hand in hand with the need for a global stock exchange and global accounting system to harmonize the cross-border activities of transnational corporations and banks. We ill need a GLOBAL REGULATORY SYSTEM to accommodate the changes from national to international. This will all fit in with recent calls for a global central bank.
In June 1999, then Treasury Secretary Robert Rubin said, “Reforming international financial institutions, strengthening the international financial architecture and maintaining open markets are not simply questions of economics but politics.” Congress passed the “Banking Modernization Act” also known as the Gramm-Leach-Bliley Act of 1999 (GLB Act) which tore down all the protections that the 1933 Glass-Steagall Act had put in place, including the separating of commercial banking from investment banking, designed to protect the investor. The GLB Act allows for U.S. banks to become “financial conglomerates” meaning they can expand their services to sell insurance, stocks and bonds, as well as perform investment bank functions initially outlawed in 1933. Although the banking structure of other countries already had financial conglomerates, our system did not and had to be harmonized with theirs. This is why we have non-American names like AXA, Deutsche Bank, ABN, etc.
According to my analysis of the various activities, which are now referred to as the sub-prime crisis, the mortgage crisis, and the world liquidity crisis, our financial system, which reflects the last vestiges of national sovereignty, must be changed. The recent proposal by the Treasury Department called “Blueprint for a Modernized Financial Regulatory Structure” is being touted as the antidote for our sick economy.
Until Congress assures these financial tyrants of its passage, the stock market will continue to drop as a warning to their all encompassing power; then miraculously the stock market will have one of its largest rallies to commemorate victory. . The convergence of financial services providers [the Banking Modernization Act] and financial products has increased over the past decade. Financial intermediaries and trading platforms are converging. Financial products may have insurance, banking, securities, and futures components” (emphasis added). The Blueprint constitutes the final take-over by the Federal Reserve of our nation’s economy.
The Blueprint recommends changing the banking charter to include all financial institutions, thus effectively transferring, control over “national banks, federal savings associations, and federal [and state] credit union charters, and be available to all corporate forms, including stock, mutual and ownership structures.” While the Fed was originally given power over the banking system, they were not given power over savings and loans, state chartered banks, or credit unions.
U.S. insurers hold $6T in assets; the U.S. banking sector holds $12.6T, and the U.S. securities sector holds $12.4T, for a total of $31T in assets, control of our financial future, control of where we can live, and control of how we will live. Moreover, the Feds are to be given authority over the U.S. Payment and Settlement System thereby controlling the settlement process for securities. Te Fed be given the role of Market Stability Regulator. This is highly unprecedented. By doing so, the Fed will have total control over what happens in the market; not just the amount of liquidity they funnel in and channel out. The Blueprint states the Fed should be given responsibility to: gather appropriate information, disclose information, collaborate with other regulators, “This new role would replace its traditional role as a supervisor of certain banks and all bank holding companies. Te rights of the individual states are also in the process of being eroded and reduced, our Forefathers set up our country’s structure to allow the power of government to reside at the state level. It was the state that would provide services for its citizenry. Over the years, there has been a major transfer of powers from the state to the federal level.
The Blueprint also provides for the entire mortgage system of the U.S. to be federalized. This is as a result of the sub-prime crisis which appears to be an event that just happens to fit into the changes our national system needs in order to be globalized. The establishment of a new federal commission, The Mortgage Origination Commission, and its director would chair representatives from the Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration and the Conference of States Bank Supervisors. Total mortgages outstanding, according to the 2006 U.S. Census, grew from $8,364B in 2002 to $13,306B in 2006, an increase of 59%!
Additionally, the Fed will be given a say in the insurance industry. For the past 135 years, the States have regulated all types of insurance with little involvement from the federal level of government. The Blueprint provides for the establishment of an Office of National Insurance within the Treasury to regulate those engaged in the business of insurance and for Congress to establish an Office of Insurance Oversight to address international regulatory issues. Essentially, in a globalized world what is then needed is a world central bank. Could the Fed be a world central bank or will all of the individual central banks merge to become the “global central bank”? If we are going to live in a globalized world with a global stock exchange, a global central bank, a global tax, a global currency, and a global regulatory system, then we need a Global Commodities Regulator.
In order for the investment banks to be bailed out, the only place they can go is to buy commercial banks that have strong balance sheets, deposits, and the assets they will need to improve their financial situation. Once the last vestiges of American financial sovereignty are transferred to this private corporation, Congress becomes obsolete and useless. Up until this time, they were needed to help approve the various incremental transfers of financial sovereignty. All of the safety nets that once protected our freedoms and sovereignty as a product of local, county, state and federal government are in effect gone. We are now left to fend for ourselves in a country where the American government has abandoned their responsibility to us.

“ HR 4173 Dodd-Frank Wall Street Reform and Consumer Protection Act”

It gives the Federal Reserve Control of : The Insurance Industry, The State Chartered Banks, The Pension Funds, The Thrifts, The Mortgage Industry, Stock and Bond Settlements, Credit Unions. A greater Transfer of Wealth than 1913.
Source mentioned above


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