Shock News : A Senator Doing His Job

JANUARY 13, 2015 12:00 AM

What Not Even the King of England Could Do

A federal researcher points out George III couldn’t suspend laws — as many say Obama just did.

……..

Republicans up for reelection in Democratic-leaning states worry about a political backlash.

One such Republican, Senator Mark Kirk (R., Ill.), told Politico that the House bill “leads us to a potential government shutdown scenario, which is a self-inflicted political wound for Republicans.”

Sessions disagrees. “A constitutional breach of this magnitude demands nothing less than a vigorous, public, disciplined campaign to rally the nation behind a Republican effort to deny the president the funds he would need to carry it out,”

What Not Even the King of England Could Do | National Review Online

How can any Republican be stupid enough to believe that the 2013 shutdown hurt them?

2014-election-map

Any senator who falls for old CNN mind tricks should be run out of office.

About Tony Heller

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46 Responses to Shock News : A Senator Doing His Job

  1. Bob Greene says:

    It doesn’t shut the government down. It shuts part of the government down. Obama will choose to punish his subjects in the manner he does it. On the last one, I was fishing with a group on one of the NPS Outer Banks (NC) islands. The Ranger politely restricted us to our cabin while we waited for the ferry. Coincidentally, I assume, we had an overflight, with circling us, by a Marine helicopter. It seems the government had sufficient funds to operate certain parts.

  2. JST1 says:

    You are dead on b@lls accurate on this one Tony. It is the President who much choose between his unlawful executive order and protecting the homeland. Republicans should not waiver in delivering this message to the public. Given that the incident in France is still fresh in our minds, the sooner this gets to his desk the better.

  3. rah says:

    The age of the internet prevented the MSM from dictating the government shutdown narrative the way they wanted to. When people saw the barriers being put up around the WW II memorial and the various other memorials that belong to the people in DC they understood that this was simply an example of purely vindictive political hardball where by the administration sought to punish the people and blame the opposing party for it. From what I read in comments at that time opinion was even prevalent among the low information types.

    • Gail Combs says:

      When there were enough public employees still on the payroll to put up the barricades, guard monuments and parks and to restrict people to their cabins, buses and hotel rooms, even the low information types figured it was vindictiveness not lack of personnel or funds.

      It blew-up in the democrats face because the public employees visible to the public were using gestapo tactics. Even if the park employees were cut to 50% of the normal level that is not what the low -information voter saw. What they saw in the alternate media is people in wheel chairs and old folks being harassed. And this was after all the stories of police brutality and wrongful death.

      The other mistake made was the threat not to send out Social Security checks in 2011.

      If there’s a government shutdown, “people don’t get their Social Security checks.” — Barack Obama on Tuesday, February 15th, 2011 in a press conference

      From the Washington Times: July 17th 2011 Obama’s not bluffing: Social Security and military checks are in danger

      At the time I was on a popular board and did my usual digging and found this Shutdown of the Federal Government: Causes, Processes, and Effect by Clinton T. Brass, Analyst in Government Organization and Management.

      ?
      …. If interim or full-year appropriations are not enacted into law, the time interval when agency appropriations are not enacted is referred to as a “funding gap.”5 A funding gap also may occur any time a CR expires and another CR (or regular appropriations bill) is not enacted immediately thereafter. When a funding gap occurs, the federal government begins a “shutdown” of the affected activities, including the furlough of non-emergency personnel and curtailment of agency activities and services. Programs that are funded by laws other than annual appropriations acts (e.g., entitlements like Social Security) also may be affected by a funding gap, if program execution relies on activities that receive annually appropriated funding…..

      The Social Security Fund was raided by various politicians to buy votes and is now a DEBT of the US government it is not an annual appropriation. The only way for Obummer to STOP the Social Security pay checks is to declare the government employees who cut the checks “non-emergency personnel” This would be the bookkeepers cutting ALL the checks for the bureaucratic personnel, Congress Critters and their staffers.

  4. gator69 says:

    My brother loves the shutdowns. He gets paid to go hunting and skiing, and then has all his accrued vacation time to use the rest of the year. Texas is the answer.

    “The Legislature of the State of Texas, operating under the biennial system, convenes its regular sessions at noon on the second Tuesday in January of odd-numbered years. The maximum duration of a regular session is 140 days. The governor is given authority under the state constitution to convene the legislature at other times during the biennium. Such sessions are known as called or special sessions and are reserved for legislation that the governor deems critically important in the conduct of state affairs. Called sessions are limited to a period of 30 days, during which the legislature is permitted to pass laws only on subjects submitted by the governor in calling for the session.”

    America would be much better off if her politicians only worked part time.

  5. Ri-chard says:

    We have a stealthy one party system. The past 6+ years have proven this. Not one of either party has stood up on the floor of either house and said, Our president is a usurper and here is the proof, let me introduce Sheriff Joe and Mike Zullo for their sworn testimony – Let me explain to you who were the first Obama birthers and let me introduce Jerome Corsi and his testimony – 911 was a false flag created by our government agencies will unseen outside interest and here are the building engineering experts that can prove it – This is what the BRICS are doing and why, and let me introduce you to their members Brazil, Russia, India, China, and South Africa plus the 100 plus nations in support – let me tell you what happened to the gold America once had to back it’s dollar and what Nixon and friends allowed to happen to it. And on and on it should have happened if we had a 2 party system.

      • Gail Combs says:

        Gator,

        I would not trust WIKI – William Connolley and the Wikibullies at work.

        ….Lawrence Solomon at the National Post writes about a topic that WUWT readers have known about for a long time: How Wikipedia’s green doctor rewrote 5,428 climate articles….

        A few determined zealots have influenced the vast majority of the published information….

        Additionally, there are many Wikipedia editors and contributors that do so anonymously, and I think that is terribly wrong. There’s no accountability, no quality control, and no recourse to people who falsify information, or mold it to fit a personal agenda. Wikipedia relies upon an honor system….

        Do I use WIKI? Yes but I try to also look at the original sources. Wiki is good for general information that is not controversial and as a starting point. On politically explosive issues? All bets are off as Connolley and his edit wars have shown.

        • gator69 says:

          Gail, Wiki did not write the book refuting the 911 conspiracies. But they do have the only real rebuttal (which turned out to be incorrect) to this book listed, which Amazon.com would not. I always check Wiki’s info before I post a link to them, I am well aware of their leftist bent and that is why I love to use them to discount leftist BS.

          911 Truthers should be tarred and feathered, and run out on a rail, this fairy tale has been repeatedly and soundly debunked. Move on to Bigfoot or Nessie for Pete’s sake. 😆

        • rah says:

          Wiki is a starting place for research on certain subjects and not an end. That goes double for any subject having political connotations.

        • Gail Combs says:

          OK gator,

          Just checking. (By now I should know you better, sorry.)

        • gator69 says:

          No problem Gail. The only thing more ridiculous than CAGW Doomers, is 911 Truthers. As you may know, my brother was one of the lucky ones working at the Pentagon that day.

      • Ri-chard says:

        May you inherit common sense and soon.

        • gator69 says:

          That came in my genetics, so no need to wait.

          May you never have a family member incinerated by terrorists, and then have half-wits insulting their memory by telling you it was an inside job.

      • Ri-chard says:

        I see the Obots are here acting as public rather than private. Yeah to the useful idiots.

      • schauminator says:

        Gator admits he voted for Romney and is proud of it. Let’s connect the dots and see whom you really voted for.
        Margaret C. Whitman was a VP at Bain & Company, the California finance co-chair for the 2008 Mitt Romney presidential campaign, and the SVP for the Walt Disney Company.
        Akin, Gump, Strauss, Hauer & Feld, LLP is the lobby firm for the Walt Disney Company.
        Akin, Gump, Strauss, Hauer & Feld, LLP was the lobby firm for Bain Capital.
        Vernon E. Jordan Jr. is of counsel at Akin, Gump, Strauss, Hauer & Feld, LLP, an honorary trustee at the Brookings Institution (think tank), Valerie B. Jarrett’s great uncle, a director at the American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference participant (think tank).
        Thomas S. Foley is a partner at Akin, Gump, Strauss, Hauer & Feld, LLP, a member of the Council on Foreign Relations (think tank), and an executive committee member for the Trilateral Commission (think tank).
        Martin S. Feldstein is a director at the Trilateral Commission (think tank), was a director at the Council on Foreign Relations (think tank), and a 2008 Bilderberg conference participant (think tank).
        Klaus Kleinfeld is a member of the Trilateral Commission (think tank), a trustee at the Brookings Institution (think tank), the chairman of the U.S.-Russia Business Council, and a 2008 Bilderberg conference participant (think tank).
        James A. Johnson is a member of the Trilateral Commission (think tank), a member of the Council on Foreign Relations (think tank), an honorary trustee at the Brookings Institution (think tank), a member of the American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference participant (think tank).
        Jessica Tuchman Mathews is a member of the Trilateral Commission (think tank), a member of the Council on Foreign Relations (think tank), the president of the Carnegie Endowment for International Peace (think tank), a board member for the International Crisis Group, a director at the American Friends of Bilderberg (think tank), was an honorary trustee at the Brookings Institution (think tank), and a 2008 Bilderberg conference participant (think tank).
        Ed Griffin’s interview with Norman Dodd in 1982
        (The investigation into the Carnegie Endowment for International Peace uncovered the plans for population control by involving the United States in war)
        illuminati-news.com
        You are such a patriot deceiver.

        • gator69 says:

          :lpl:

          I am being attacked by a bipolar word salad! :lol

          First I am accused of being an ‘Obot’ (strike three BTW), then when I explained I voted Romney to keep Skeeter out of office, I told that makes me an illuminati! 😆

          What a fruitcake!

          Re-tard, Gail warned you about looking crazy, and you just tripled down. Good job! 😆

        • schauminator says:

          You just fully exposed yourself as a product of government run school systems. It is clear you once were a useful innocent but now have graduated to Useful Idiot with no reading comprehension skills for the truth.
          Many of us will continue to pray for the uninformed. This site is loaded with the likes of them as they will vote for a Romney or Bush again expecting change as a lemming.

        • gator69 says:

          You got me! Yep, I was at the illuminati meeting where we decided that Capt Kangaroo, Amelia Earhart, and Jimmy Hoffa would fly planes into the towers and Pentagon. Of course the Hamburglar, Mayor McCheese and Ronald himself had hoped to take on that mission. But the votes of George Washington’s head and The Cheshire Cat’s votes put that to rest.

          It all started with our human sacrifice and minutes from the last meeting. Bigfoot was still dizzy from the CIA LSD experiments, and was pissed because Nessie refused to pick him up on her unicorn. Thankfully the area 51 aliens were in the neighborhood and gave him a ride. But they all missed out on the blood matzah, which Mothra brought, homemade!

          But I digress. What you didn’t know is that we implanted a tracking device under your skull, and have been using you to discredit conspiracy theories.

          Thanks for being useful, idiot. 😆

    • Gail Combs says:

      Richard you really need to get your facts straight.

      9/11 and Obummers birth certificate are dead issues leave them buried. All they do is allow people to call you loony tunes and discount everything else you say.

      On Fort Knox and the gold you are off by about forty years. Nixon didn’t ‘allow it to happen’ Nixon was the one who shut off the hemorrhaging!

      It was FDR that confiscated privately owned US gold and gave it to the Federal Reserve via Executive Order 6102. After that only banks and foreigners could exchange US gold certificate dollars for actual gold.

      Congressman McFadden on the Federal Reserve Corporation Remarks in Congress, 1934

      How Much Gold Remains In Fort Knox?

      …Only foreigners were legally able to turn in their US dollars and get gold from the US Government from 1934 to 1971. August 15 of that year closed off that last power of convertibility.

      In 1934, gold was confiscated from US citizens, melted from coins into bars, and gathered over the next few years into a new storage facility at Ft Knox, Kentucky. After that, the official price of gold was raised from $20.67 to $35…..

      The peak amount of gold held in Fort Knox reached 701 million ounces of gold. This was in 1949. This amount equaled 69.9% of all the gold in the world; never before had so much gold been gathered in one place.

      But soon after that, gold began to leave Ft Knox and was shipped to the foreign persons and institutions who ponied up their $35 in Federal Reserve Notes for each troy ounce of gold they wanted. At some point in the 1950s, $35 became too cheap a price for gold.

      From then until 1972, at least 75% of official US gold left the nation in exchange for paper dollars which can be printed at will. …

      In 1988, 22 years ago, I wrote a book about Fort Knox, the gold there, and the documented history of official lies, evasions and incompetence of those who were entrusted with the gold.

      I say “documented history” because when writing the book, I was very careful to only include official documents and private correspondence from the US government, stretching from 1934 to 1987. Using their own responses to the questions of just how much gold is left, and what that gold’s quality is, for the first time this book put all these governmental attempts to answer the questions about their own gold policies in one place. What their responses revealed was shocking to me.

      Nothing since 1988 has happened to change my views.

      link showing actual gold certificate dollars and other evidence.

      A very good source of information on the Federal Reserve is:
      A PRIMER ON MONEY
      COMMITTEE ON BANKING AND CURRENCY
      HOUSE OF REPRESENTATIVES

      WRIGHT PATMAN Chairman 1964
      link

      It is long but not hard to read. It has a lot of good information.

      • Don says:

        The reason the gold outflow happened was because the USA forced a set price on gold in America, but in world markets gold was in a free market. Thus gold at $35 an ounce obtained with dollars, and then transferred to countries with floating gold prices, that gold was an instant profit. The evil was in the setting of the price of gold. Thus doing so caused the debacle that Nixon did, removing the last vestige of a gold standard. And how has real inflation done since then? Yep, screwed the working people all around. Nixon was wrong, as the feds were wrong to set the price of gold.

        Also, read this work by Murray Rothbard.

        http://mises.org/library/what-has-government-done-our-money

        • Gail Combs says:

          Don says: “The reason the gold outflow happened was because the USA forced a set price on gold in America, but in world markets gold was in a free market….”

          Sorry Don, gold was never a ‘free market’ during most of the time the USA existed. The Rothschilds set the price and made sure the gold confiscated by FDR flowed from the American people TO the London bankers.

          ….By his unlawful usurpation of power on the night of March 5, 1933, and by his proclamation, which in my opinion was in violation of the Constitution of the United States, Roosevelt divorced the currency of the United States from gold, and the United States currency is no longer protected by gold. It is therefore sheer dishonesty to say that the people’s gold is needed to protect the currency.

          Roosevelt ordered the people to give their gold to private interests- that is, to banks, and he took control of the banks so that all the gold and gold values in them, or given into them, might be handed over to the predatory International Bankers who own and control the Fed.

          Roosevelt cast his lot with the usurers. “He agreed to save the corrupt and dishonest at the expense of the people of the United States.

          He took advantage of the people’s confusion and weariness and spread the dragnet over the United States to capture everything of value that was left in it. He made a great haul for the International Bankers.

          The Prime Minister of England came here for money! He came here to collect cash!

          He came here with Fed Currency and other claims against the Fed which England had bought up in all parts of the world. And he has presented them for redemption in gold.

          Mr. Chairman, I am in favor of compelling the Fed to pay their own debts. I see no reason why the general public should be forced to pay the gambling debts of the International Bankers.
          Congressman McFadden ~ 1934 speech before congress [ linked above]

          From WIKI According to Time magazine McFadden was “denounced and condemned by all Republicans for his ‘contemptible gesture’.” The Central Press Association reported that he was “virtually read out of his party … [had] his committee posts … taken away from him…was ostracized by Republicans [and] called crazy …”. Sen. David A. Reed (R-PA) said “We intend to act to all practical purposes as though McFadden had died”

          When driving McFadden out of congress still did not shut the man up he was shot at twice and then poisoned. (Wiki used the ‘official’ cause of death)

          Commenting on Former Congressman Louis T. McFaddens’s “heart-failure sudden-death” on Oct. 3, 1936, after a “dose” of “intestinal flu,” “Pelley’s Weekly” of Oct. 14 said:

          Now that this sterling American patriot has made the Passing, it can be revealed that not long after his public utterance against the encroaching powers of Judah, it became known among his intimates that he had suffered two attacks against his life. The first attack came in the form of two revolver shots fired at him from ambush as he was alighting from a cab in front of one of the Capital hotels. Fortunately both shots missed him, the bullets burying themselves in the structure of the cab.

          “He became violently ill after partaking of food at a political banquet at Washington. His life was only saved from what was subsequently announced as a poisoning by the presence of a physician friend at the banquet, who at once procured a stomach pump and subjected the Congressman to emergency treatment.”

          /s/ Robert Edward Edmondson (Publicist-Economist)
          [ linked above]

          So what about the Rothschilds/Central Baners setting the price of gold?

          Rothschild to pull out of gold market after 200 years

          The investment bank that has chaired the London meetings setting the world gold price since 1919 [1819??] is quitting the market.

          NM Rothschild will withdraw from all its commodity trading activities, which also include an oil trading business set up less than two years ago, as part of a strategic review.

          The move brings to an end nearly 200 years of tradition…..

          The company hosts and chairs twice-daily meetings which effectively set the world’s gold price. The meetings are held in a plush chamber in the bank’s offices at St Swithin’s Lane in the City. The other four firms involved are Deutsche Bank, HSBC, Canada’s Scotia Bank and Societe Generale….

          The chairmanship of the meetings is likely to be rotated between the four remaining banks in future. Gold industry sources also predicted that the meetings would be replaced by telephone fixing…..

          This from Rolling Stone of all places!
          Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

          By Matt Taibbi
          (Matt Taibbi may publish in The Rolling Stone but he does good analysis. link.)

          onspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything….

          ….the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place…..

          …., that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it…..

          You know the evidence is piling up when the lefties start agreeing with the ‘Right-wing Conspiracy nuts’!

        • Gail Combs says:

          Don, I found this hiding in my old notes, so you are correct about Nixon.

          On March 18, 1968, Congress passed “An Act to Eliminate the reserve requirements for Federal Reserve Notes and for United States Notes and Treasury Notes of 1890”, Public Law 90-269, 82 Stat. 50.

          This Act was designed to remove the remaining reserve requirements on circulating notes and obligations. $1.3 billion in gold was “pledged” against “gold certificates” and held as reserves against circulating notes and obligations. Under this Act the gold certificates would be withdrawn and retired, then the gold would be considered as “free gold” and paid out to foreign interests at $35 per ounce. The monetary reserves of gold and gold certificates would be supplemented and then replaced “by the mechanism of special drawing rights (SDR’s) within the framework of the IMF” [See: House Report 1095, pg. 1763]

          It was also known, at that time, that the continued expansion of circulating Federal Reserve Notes would use up the “free gold” in two years, however, the “new standards of international reserves and exchange” was right around the corner [See: House Report 1095, pg. 1780]

          The Federal Reserve Note, thereafter, met all of the qualifications of a worthless security under 26 I.R.C. 165(g). The action of disavowing and repudiating obligations in 1968, like those that occurred in 1933 and 1934, were given effect and compulsion. The system had become nothing more nor less than a “confidence game” devised to psychologically dupe the public who were left generally ignorant of the activities and known affects. 

          http://www.afn.org/~govern/why.html

          Mises, via Gary North noted

          “The Return to Sound Money,”

          The first step must be a radical and unconditional abandonment of any further inflation. The total amount of dollar bills, whatever their name or legal characteristic may be, must not be increased by further issuance. No bank must be permitted to expand the total amount of its deposits subject to check or the balance of such deposits of any individual customer, be he a private citizen or the U.S. Treasury, otherwise than by receiving cash deposits in legal-tender banknotes from the public or by receiving a check payable by another domestic bank subject to the same limitations. This means a rigid 100 percent reserve for all future deposits; that is, all deposits not already in existence on the first day of the reform (p. 448).

          Also on gold:

          “As the operation of the market tends to determine the final state of money’s purchasing power at the height at which the supply of and the demand for money coincide, there can never be an excess or deficiency of money. Each individual and all individuals together always enjoy fully the advantages which they can derive from indirect exchange and the use of money, no matter whether the total quantity of money is great or small.”

          The conclusion is obvious, and he makes it:

          “The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do” (p. 421).

          “As the operation of the market tends to determine the final state of money’s purchasing power at the height at which the supply of and the demand for money coincide, there can never be an excess or deficiency of money. Each individual and all individuals together always enjoy fully the advantages which they can derive from indirect exchange and the use of money, no matter whether the total quantity of money is great or small.” The conclusion is obvious, and he makes it: “The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do” (p. 421).

          Mises was in favor of free markets. He did not recommend civil laws against voluntary exchange. Therefore, he did not oppose gold mining. He did not recommend that the State prohibit miners from adding to the quantity of money. But he readily acknowledged that any increase of the money supply from gold mining will inflict losses on some participants in the economy – participants who were not parties in the original transaction of selling new gold into the economy. In this sense, changes in the money cannot be neutral. There will inevitably be winners and losers.

          Mises stressed the following fact in his theory of money: new money enters an economy at specific points, i.e., through specific voluntary exchanges.

          New money does not appear magically in equal percentages in all people’s bank accounts or under their mattresses. Money spreads unevenly, and this process has varying effects on individuals, depending on whether they receive early or late access to the new money

          It is these losses of the groups that are the last to be reached by the variation in the value of money which ultimately constitute the source of the profits made by the mine owners and the groups most closely connected with them

          This indicates a fundamental aspect of Mises’s monetary theory that is rarely mentioned: the expansion or contraction of money is a zero-sum game. Mises did not use this terminology, but he used the zero-sum concept. Because the free market always maximizes the utility of the existing money supply, changes in the money supply inescapably have the characteristic features of a zero-sum game. Some individuals are made better off by an increase in the money supply; others are made worse off. The existing money is an example of a “fixed pie of social value.” Adding to the money supply does not add to its value.
          http://archive.lewrockwell.com/north/north84.html

          If gold is used as a medium of exchange, as it becomes ‘too valuable’ then mining of gold becomes economical. If the value of gold drops as more gold is added to the supply, then the value of gold drops below the economic break even point and mining gold is no longer economical.

      • Ri-chard says:

        Good luck with your thoughts of knowledge- I’ll pay attention to the demise of the Petro dollar and the Reset as its result. Be prepared while the dollar is strong. then if its not to late follow the BRICS as most investors are doing to avoid the dollar hit.

        • Gail Combs says:

          The BRICS countries have certainly challenged the Central Banksters.

          Here is another tidbit or two a long the same lines.

        • Don says:

          Sorry Gail, but you are wrong. The price of gold was a floating price in other nations when they realized that Americans had gold frozen at $35 an ounce, thus trading dollars for gold, then transferring that gold to a country with floating gold prices, which were above $35 an ounce was an instant gain. Otherwise it would have made no sense to transport gold to those nations, it is very expensive to transport bullion safely. They weren’t going to do it except it was profitable. I don’t care about FDR here, that isn’t what I discussed, so raising FDR is a red herring in this context.

          That is why they were converting dollars into gold at that time. Nixon should merely have allowed the gold price to float in America, but he wasn’t willing for whatever reason, and thus shut the gold window. And by ending that last vestige of the dollar being linked to gold he wrought decades of the destruction of the purchasing power of the dollar and wrecked the middle class at the same time. Simple as that, no Rothschild conspiracy needed. Usually the simplest explanation is the correct one.

        • Gail Combs says:

          Don says: ” Sorry Gail, but you are wrong. The price of gold was a floating price in other nations….”
          >>>>>>>>>>>>

          First thanks for the Link to the Marry Rothbard book. What Has Government Done to Our Money? (I am still reading it.)

          I will exchange that for North’s Mises on Money
          My old link is dead but I found a new link as a pdf.

          I [Gary North] wrote the five chapters that comprise this book in 2002. I wrote it to refute the claim by Jude Wanniski that he was an Austrian School economist in his monetary views, and that Murray Rothbard wasn’t. He was wrong on both counts. He never replied to these essays. http://www.garynorth.com/public/9689.cfm

          ……………..

          How can the price of gold be a “floating price” when for two hundred years that price was fixed by four central bankers on a twice daily basis? Remember the whole objective of the central bank cartel is to control money and thereby skim off a chunk of civilizations wealth via the hidden tax of inflation.

          Yes, individuals can trade at a different price than that set for the international market, but that international price is going to place major restraints on the within country price.

          As for moving the bullion physically. It was not necessarily moved just the ownership was moved.
          Federal Reserve Refuses to Submit to an Audit of Germany’s Gold Held in U.S. Vaults

          The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to bring home all its gold, but the FED has said that isn’t possible to do, and it would need until 2020 to be able to accomplish the transfer.

          The German government then asked to visit the FED vaults to inventory the gold and determine its actual existence, but the FED refused to permit Germany to examine its own gold. The reasons given were “security” and “no room for visitors”. And nothing else.

          Germany did finally send some staff to the FED, and they were permitted only into the vault’s anteroom where they were shown 5 or 6 gold bars as representative of their holdings, and were permitted nothing else…..

          Fort Knox Conundrum: China Claims Fake Gold Bars Are From US!

          Could over 1 million bars of gold, much of which is still held in Fort Knox, Ky., be counterfeit? An October 2009 discovery that suggests this may be true has been suppressed by the mainstream media but has been circulating among the “big money” brokers and financial kingpins. It is just now being revealed to the public.

          Gold is regularly exchanged between countries to pay debts and to settle the so-called balance of trade. It is often also used as a hedge against a falling currency. Gold is regularly traded and stored in vaults under the strict supervision of a special organization based in London, known as the London Bullion Market Association (LBMA). That’s why news of counterfeit gold bars was a surprise to many experts.

          In October 2009, China reportedly received a large shipment of gold, containing some 6,000 bars, weighing 400 ounces each. When it was received, the Chinese government asked that tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holes were drilled into the bars, and the metal was analyzed. Officials were shocked to find the bars were bogus. They contained cores of tungsten, with only an outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the United States and had reportedly been stored in Fort Knox for years…..

          This of course leaves the question as to where the heck the gold taken from US citizens actually went.

  6. Dom says:

    Good article; thanks for all of them. A tangential point of order for the sake of accuracy; the graphic is a powerful illustration of the political majority in America but it left-out one of the few the “red” Oregon counties on the West side of the cascades…the political “ankle bite” or “pin-prick” known as Yamhill County….. 🙂

    Onto the main topic, I do not believe the GOP has the super-hero suit that it would take to stem the tide of Socialism in America, but it’s a nice thought; perhaps we should be satisfied with the opening salvo that attempts to turn-back 50 years of conditioning (entitlements).

    The political majority only came about because of all the pain caused by Obama’s policies….why we have to squash the Keynesian financial strategies wherever they exist.

  7. KTM says:

    I am convinced that the Republican establishment and most of its leadership actually support the main thrust of the liberal agenda. They want open borders and more work visas, to keep wages down for their corporate donors and to keep the Chamber of Commerce happy. They want larger government, evidenced by the Republicans’ massive expansion of the Department of Homeland Security and their own new unfunded Medicare Rx entitlement. They want the federal government in the drivers’ seat on education, evidenced by their support for Common Core and passage of No Child Left Behind. They supported the Wall Street bailouts. They want us to be the world’s policeman, which requires a massive permanent standing army.

    There have been a few flashes of spine over the years, but the general trend by the Republicans in the federal government has been to expand the size and scope and financial obligations of government and run up more debt. The leadership is more interested in being in the drivers’ seat of the federal juggernaut they have created than in dismantling it.

    • Gail Combs says:

      “The Republican establishment ” = the Controlled Opposition.

      That is why the Tea Party is giving them hissyfits.

      • Ri-chard says:

        The Tea Party is just a bunch of people causing diversions from the important issues. you will never hear them standup in either house and talk about what the BRICS are doing and why, False Flag school shootings, 911 false flag, there will never be peace in the Middle East unless the phony Jews leave the Arabs lands and go back to Europe.
        They will never talk about the energy technologies being used by the Military Industrial Complex that would free the world of oil, gas and coal.
        TP is Bull Shit for the useful idiots.

  8. gator69 says:

    It is not a ‘liberal’ agenda, it is a Progressive agenda. And yes, we have Progressives on both sides of the aisle now. That is why I am a Libertarian, it is the only real alternative to BAU in DC.

  9. Don says:

    International efforts were also made to stem a run on gold. A run in the London gold market sent the price to $40 an ounce on October 20, 1960, exacerbating the threat to the system. In response, the London Gold Pool was formed on November 1, 1961. The pool consisted of a group of eight central banks (Great Britain, West Germany, Switzerland, the Netherlands, Belgium, Italy, France, and the United States). In order to keep the price of gold at $35 an ounce, the group agreed to pool gold reserves to intervene in the London gold market in order to maintain the Bretton Woods system. The pool was successful for six years until another gold crisis ensued. The British pound sterling devalued and another run on gold occurred, and France withdrew from the pool. The pool collapsed in March 1968.

    At that time the seven remaining members of the London Gold Pool (Great Britain, West Germany, Switzerland, the Netherlands, Belgium, Italy, and the United States) agreed to formulate a two-tiered system. The central banks agreed to use their gold only in settling international debts and to not sell monetary gold on the private market. The two-tier system was in place until the US gold window closed in 1971.

    These efforts of the global financial community proved to be temporary fixes to a broader structural problem with the Bretton Woods system. The structural problem, which has been called the “Triffin dilemma,” occurs when a country issues a global reserve currency (in this case, the United States) because of its global importance as a medium of exchange. The stability of that currency, however, comes into question when the country is persistently running current account deficits to fulfill that supply. As the current account deficits accumulate, the reserve currency becomes less desirable and its position as a reserve currency is threatened.

    http://www.federalreservehistory.org/Events/DetailView/33

  10. Gail Combs says:

    Don says:
    “…. The price of gold was a floating price in other nations when they realized that Americans had gold frozen at $35 an ounce, thus trading dollars for gold, then transferring that gold to a country with floating gold prices, which were above $35 an ounce was an instant gain….. They weren’t going to do it except it was profitable. I don’t care about FDR here, that isn’t what I discussed, so raising FDR is a red herring in this context.”

    …..

    Don you SHOULD care about FDR because he was pivotal in the transfer of US gold/wealth overseas to the Central banking cartel.

    Whodo you think set the US gold price in the first place?
    Gold Reserve Act Of 1934

    …The Gold Reserve Act of 1934 made the trade and possession of gold a criminal offense for the citizens of the U.S. Sole title of this gold was given to the U.S. Treasury. It was not until 1975 that Americans could again own or trade gold.

    The act also fixed the weight of the dollar at 15.715 grains of nine-tenths fine gold. By fixing the dollar at that amount, the dollar was devalued from $20.67 per troy ounce to $35 per troy ounce. By doing this, the Treasury saw the value of their gold holdings increase by $2.81 billion overnight.

  11. Gail Combs says:

    FDR’s Son-in-law made it very clear who was pulling the strings on FDR Franklin Roosevelt: My Exploited Father-in-law

    Paul Warburg as representative of the European Central Bankers came to the USA to set-up a Central Bank. He did not just go home.
    From WIKI
    ” [Paul Warburg] became a director of the Council on Foreign Relations at its founding in 1921, remaining on the board until his death. From 1921 to 1926 Warburg was a member of the advisory council of Federal Reserve Board, serving as president of the advisory council in 1924–26. He was also a trustee of the Institute of Economics, founded in 1922; when it was merged into the Brookings Institution in 1927, he became a trustee of the latter, serving until his death”

    His son, James Warburg was a Financial Advisor to FDR. James Warburg was also a member of the Council on Foreign Relations.

  12. Gail Combs says:

    In February 17, 1950, before the U.S. Senate Committee on Foreign Relations James Warburg said,

    “We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest.”

  13. Gail Combs says:

    The Council on Foreign Relations is a Milner’s Round Table Group according to Bill Clinton’s Mentor Professor Carroll Quigley. Clinton went to Oxford on a Ceil Rhodes scholarship.

  14. Gail Combs says:

    Well, Well, Well

    Seems that WordUnimpressed will not allow quotes from C*arroll Q*uigley’s The A*nglo-A*merican E*stablishment to be posted. (That is why I posted a series of short comments.)

    I just spent the last three hours, shutting down my computer, shutting down this Website and reposting the same comment and variations there of.

  15. Gail Combs says:

    I have had a devil of a time posting the link

    (wwwDOT)thirdworldtraveler.com/N*ew_W*orld_O*rder/Anglo_American_Estab.html

    Perhaps it is N*ew_W*orld_O*rder they obiect to.

    • Gail Combs says:

      N*ew_W*orld_O*rder seems to be the trigger. It took five tries to get that link posted. GRUMBLE.

      I very much doubt it is Steve doing the c*ensoring.

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