This is from Personal Liberty;

Moe, Larry And Curly Bernanke

WWW.FEDERALRESERVE.GOV

Federal Reserve Chairman Ben Bernanke said he wanted inflation. He got his wish. Now the question is: Is it getting out of hand?

In the 1940 short film “A Plumbing We Will Go,” The Three Stooges pose as plumbers trying to stop a leaky pipe in a large home while a party is going on.

Since they know nothing about plumbing, it isn’t long before the boys have connected the water pipes to a conduit and water is pouring out everywhere. Of course, the party is ruined and the house is wrecked.

Federal Reserve Chairman Ben Bernanke is Moe, Larry and Curly all rolled into one, and his efforts to stop the leaky economy have been as successful as the boys’ efforts were in fixing the dripping pipe. Bernanke’s latest effort of quantitative easing — known as QE2 — is running out, and the bubble he created is deflating faster than one of the Stooges’ helium-filled cakes.

Last week, a Chinese ratings house accused the United States of defaulting on its massive debt by allowing the dollar to weaken against other currencies — eroding the wealth of its creditors, the biggest of which is China.

China holds $1.145 trillion of U.S. Treasury securities. That is down from its peak of $1.175 trillion in October, according to a story by the AFP news service.

China, the No. 1 holder of U.S. debt, is now a seller of U.S. Treasuries. Japan, the second largest holder of U.S. Treasuries, may soon be a seller as well. It needs money to repair infrastructure following this year’s earthquake and tsunami.

The stock market was down six weeks in a row before last week, when it finally finished a week on an up note. According to The Economic Collapse blog, that hasn’t happened since the dotcom bubble burst in May 2001.

The false euphoria created by QE2, which propped up Bernanke’s Wall Street buddies by driving money into the market, has worn off. Investors realize this, and they are looking for new places to put their money.

Meanwhile, once again, John and Jane American are watching their meager retirement funds dry up. Unemployment is up (the true unemployment rate, which includes discouraged workers, is 22.3 percent, according to the National Inflation Association), manufacturing and consumer confidence are down and one in seven Americans is on food stamps. Millions of Americans receive some sort of government assistance.

The price of everything is increasing. According to NIA: “90% of sporting goods manufacturers have seen their input costs rise substantially this year and 41% of them have already announced major price increases for athletic apparel, footwear, and sports equipment. As the 8,000 toy manufacturers in China are forced to raise the wages they pay their employees, Toys R’ Us is now beginning to see major wholesale price increases for their products, which they will have to pass on to U.S. consumers. Hasbro recently raised prices on all of their products by 6% to 7%. Mattel recently imposed an across the board high single digit price increase after reporting a 33% decline in quarterly profits (despite sales surging by 8%) due to skyrocketing raw material costs.”

May sales reflected what consumers thought of the rising prices. Retail sales fell for the first time in 11 months. The drop in sales hit autos, electronics, appliances, furniture, groceries, sports retailers and department stores.

Bernanke said he wanted inflation. He got his wish. Now the question is: Is it getting out of hand?

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Is “Judgment Day” tomorrow? The foolishness of our Federal Reserve Chairman, Ben Bernanke and the excesses of five “too big to fail banks” now places the entire future of America at risk . . . .

George Soros Seeks America’s Ruin

to Advance His New World Order

In the narrative that follows, two important men (George Soros and Ben Bernanke) are discussed. In fairness to Soros, he appears to be an utter scumbag who has already, via his connections to the Clintons and ACORN, helped set up America’s recent financial meltdown and potentially the upcoming one as well. That’s as fair as Rajjpuut can be. In fairness to Bernanke, he probably sees his ongoing decision as avoiding “death by saber” in preference to death by a million paper cuts. Rajjpuut would remind him that no company and no bank is literally “too big to fail” and if he were strong enough to allow five big banks to fail, that’ll probably be the best thing for the American people and the nation they love . . . let us now return to scumbag George . . . .

Billionaire currency speculator George Soros (a self-claimed ‘philanthropist’ sometimes called ‘the man who broke the bank of England’) has been quoted thusly from time to time, “Sometimes I do feel more than a little bit like God . . . it is very important for the USA to find its proper place in the New World Order . . . as things stand, the main obstacle to world stability is the United States.”

When George Soros was a 13-year old boy in Budapest, Hungary, he was a capo, a Jew set up by the Nazis to help them control other Jews. His specific job was to deliver notifications at first to Jewish farmers and businessmen and lawyers and then later to just ordinary citizens saying, they were to report to the Nazis at such and such a place, at such and such a time (to be deported to a concentration camp). George, who calls himself an atheist these days, says he feels no guilt from his collaboration but just did what he had to do to survive.

Besides making a fortune on the collapse of the British pound-sterling in 1992, George is famous as well for bringing down currencies in Slovakia, Georgia (the former Soviet SSR) and Malaysia and reportedly a few other countries where his connections are a little bit “iffy” to prove. His modus Operandi has been by using radical personalities to form a “shadow government” within the nations he targets. In our case, that Shadow Government is the ultra-progressive left of the Democratic Party.

Thanks to conspiring with Bill Clinton, ACORN, Barack Obama, and progressive American politicians everywhere, Soros seems poised to win another huge currency bet and in the case of the United States, he hopes to collect twice . . . winning tens of billions of dollars when the dollar collapses and then the ruin of the United States would bring about a giant leap forward for Soros’ New World Order led in America’s absence from the top rungs by the Chinese government’s state-capitalist/communists. Hmmmm.

http://www.zerohedge.com/article/debt-bubble-chronicles-does-bernanke-really-think-qe-will-boost-home-prices%E2%80%A6-or-he-simply-tr

Soros’ unwitting (we think?) benefactor in all this is Federal Reserve Chairman Ben Bernanke. Ben’s policy of “Quantitative Easing” (monetizing the U.S. debt by having his Federal Reserve Bank buy up treasury issues) is designed to keep interests rates as low as they’ve been in a generation . . . or even take them lower. But, but, isn’t that (combined with Bernanke’s earlier multiplying of circulating currency in the country to 15 times the September, 2008, levels) a recipe for runaway inflation and perhaps even hyper-inflation? What’s going on? Interest rates are the lowest they’ve been in 30+ years supposedly controlled by Bernanke to maintain the housing market’s fluidity and spur business investments.

The two years this policy of near-zero interest rates have been in effect; plus the nation’s massive home-buyers’ tax credit . . . business has stayed very flat and at best, housing prices have almost stabilized. Is Bernanke even less competent economically than Obama? Or could he have an ulterior motive?

Looking at business we’re not seeing capital expenditure increases or increased hiring of employees . . . just ain’t happening. Instead businesses are buying back their own stock. Why? Because the mortgage industry and the business world are both on the same page . . . the page where it reads: “This is a phony recovery.”

Compared to the spring of 2008, revenues at S&P 500 companies are 12% lower today. Expansion would be foolish under those circumstances. Businesses don’t often buy back their own stock except when a) they think the share prices are too depressed or b) they’ve got nothing better to do with the money or c) both a) and b) above are true . . . but since corporate insiders are dumping their own personal shares like rats leaving sinking rowboats . . . (insider selling/insider buying ratio during October, 2010, ranged from 210/1 up to 2000/1) implies that they believe their companies’ stock shares are way over-valued and not a bargain purchase at all, is it possible that conditions a) and c) above don’t apply here and now? And, therefore, the corporations don’t have anything better to do with their money (condition b)?

That means that Bernanke’s stated purposes are presumably a genuine crock of B.S. Why does he wish to keep interest rates so abnormally low? We return to the never-never land of derivatives and too damn big to fail. The five banks** that Bernanke and Obama have been shoring up since January, 2009 are in deep, deep, deep doo-doo. We are NOT talking chump change here . . . nominally . . .

J.P. Morgan holds derivative exposure of $73 TRillion.

Bank of America holds derivative exposure of $47.5 TRillion

Citibank holds derivative exposure of $44 TRillion

Goldman Sachs holds derivative exposure of $41 TRillion

HSBC holds derivative exposure of $2.6 TRillion

Overall, of their total derivative exposure, $188 TRillion in interest- rate derivatives is held by these five banks. Bernanke is allowing them to profit for exposing themselves to those derivatives without any risk of failure because if they fail . . . America comes close to total implosion. The recklessness of these five banks especially the first four named is absolutely intolerable. The Federal Reserve Bank’s actions have aided and abetted the worst financial malfeasance in world history. Their interest rate derivative exposure is the equivalent of allowing a terrorist to buy a lottery ticket for the opportunity to destroy the entire banking system of the world . . . yeah, you’re probably not going to lose and you get to keep his buck, but, what happens if he rolls a natural?

Banks are NOT supposed to gamble with depositors’’ money! That $188 TRillion is 13.5 times the United States’ gross domestic product and 4.2 times the GDP of the entire world. Bernanke is not protecting you; not protecting the country; definitely not protecting the dollar; and not protecting the world economy. He is protecting profit and preventing ruin for the Goldman Sachs etc. of the world who are “too big to fail” . . . in doing so, he is making tens of billions of dollars for George Soros to collect when runaway inflation hits the country and the dollar stops being the world’s reserve currency.

Is “Judgment Day” tomorrow? The foolishness of our Federal Reserve Chairman, Ben Bernanke and the excesses of five “too big to fail banks” now places the entire future of America at risk. George Soros, who is guilty of helping the progressive wing of the Democratic Party bring about the financial meltdown, is now exploiting the foolishness of Bernanke and perhaps giving a little tweak here and there by selling dollars short on the currency exchanges . . . and the big loser: you and the American Dream.

Ya’all live long, strong and ornery,

Rajjpuut

**According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (our most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION. The five banks mentioned above account for 94% of those holdings.

Author: Brian D. Hill

Source: USWGO Alternative News

Investigative Journalism of possible Super Rich pushed Fraudulent schemes by Brian D. Hill. I won't allow the Fair Tax if it's anotherscheme to take more money from the middle class and the working poor. Iam tired of the super rich stealing from the people.

I had my suspicions over the Fair tax proposal because the Bilderberg's have used false messiahs, Environmentalism, incrementalism,and anything to push American citizens into socialism not to mentionanything I do to attack the fair Tax Trap gains me lots of negativecomment attacks.

So I got even more suspicions because I haven't received this many attacks since the Bilderberg Group hand picked the false messiah andpuppet Barack Obama to become the next president and many attacking meon YouTube over my anti Obama videos. So then I have decided to do alittle investigative journalism on FairTax.org and did background checkson all of the High Ups of FairTax.org.

According to my investigation Leo E. Linbeck Jr. the Founder of FairTax.org used to be apart of Duke Energy's Board of Directors and he is a past chairman and director of the Federal Reserve Bank of Dallas Texas.

Now the Federal Reserve Bank of Dallas Texas is one of twelve regional Reserve Banks inthe Federal Reserve System. Also the Federal Reserve System is run byBilderbergers not to mention has stolen trillions of dollars and so theonly way that can be legally proven to get them indicted is to Audit theFederal Reserve System.

The fact that the Founder of the Fair Tax used to be a director of Dallas TX Federal Reserve System could mean the possibility that theFair Tax Proposal is a trap and a fraud that will only make the poorpoorer, make the super rich richer, and destroy the Middle Class.

There's also a chance this could tie the Bilderbergs into the Fair Tax Organization and it's not just Leo E. Linbeck Jr. who could beinvolved with the horrible Super Rich criminal bankers that want toenslave the world but also there is Robert C. McNair who is ranked 242 in the Forbes 400 Richest Americans. Robert who is the second founder of the Fair Tax Organization has a net worth of $1.5billion discovered on Forbes.com. Also only Billionaries can join theinner circle of the Bilderberg Group Billionaires club so there is achance since he has made a net worth of $1.5 billion then theres a verygood chance he ties into the Bilderberg group even though he is not onthe Attendee List or he could at least be a puppet.

So why would a bunch of rich elitist people want to propose the Fair Tax on all Americans? Well we know this tax won't be fair to allAmericans because anytime the super rich propose something it is onlyfor power, and greed. Also the super rich including the Bilderberg Groupwant to enslave humanity by spreading their ideals of socialism underthe guise that we will have fair pay, fair taxes, fair vacation time, adecent home, universal Health Care, and even be treated the same aseveryone else but the flaws to socialism is that as long as the superrich elite bankers control over Government then this socialism systemand taxation won't apply to them.

People keep telling me it's better to have a Fair Tax then a income tax but the super rich will again flee the requirements oftaxation as always or finds a way to sock it to the poor so in otherwords we will be charged more so the super rich can stay materialisticwhile the poor will be completely trapped on Government welfare whilethe Middle Class may be downgraded to the poor.

Also when Billionaires recommend the Fair Tax it makes me suspicious that these super rich men aren't just doing it because theywant a fair tax, they are doing it to get something in return. Obama hasalso been advocating for the Value Added tax which would be just as badif not worse then the Fair Tax where when raw materials get sold to thefactory it gets taxed then the factories sell it to the stores thengets taxed, and then sold from the stores to the consumers it gets taxedagain.

So will my investigation end, not just yet. I have also found out the Howard W. Horne, Sr. the director of FairTax.org is also a George W. Bush supporter according to Intelius. Also George W. Bush plus the Bush Family is at the heart of the Military Industrial Complex and the New World Order.

Also Allen C. King according to LinkedIn is under the industry of Venture Capital & Private Equity.

This is what Private Equity means:

Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange. Investments in private equity most often involve either an investment of capital into an operating company or the acquisition of an operating company. Capital for private equity is raised primarily from institutional investors. There is a wide array of types and styles of private equity and theterm private equity has different connotations in different countries.^[1]

Among the most common investment strategies in private equity include leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged buyout transaction, the private equity firmbuys majority control of an existing or mature firm. This is distinctfrom a venture capital or growth capital investment, in which theprivate equity firm typically invests in young or emerging companies,and rarely obtain majority control.

So are there Billionaires and serious business money makers interested in the Fair Tax? Well there has to be a larger benefit thenloss when the Fair tax is enforced because a business is never supposeto make poor business decisions. Businessmen, especially an elitist aswell as Bilderbergs, is suppose to always gain more then loses. Abusinessman is suppose to gain as much profits as possible so whatsprofitable with the Fair Tax? well for one thing they can circumvent itby traveling across the border into Canada or Mexico to purchaseanything without being taxed and then avoid the Income tax as well.

So people for the Fair tax were wrong and I am not a liar because the Fair Tax is a way the Super Rich won't have to pay taxes ever againbecause they can purchase goods from other countries and then won't haveto pay income taxes since the IRS will be abolished so in other wordspeople like me that can't afford to keep going across the border will beforced to pay more heavy taxes every time I go shopping.

So is this a way of the super rich making the poor poorer? You Bet!

Could the Fair Tax Organization be run by a Bilderberg Group member or puppet? Highly likely!

What proof do I have? Well I did investigative Journalism and source links are below as well as links within the article.

Why only super rich businessmen? Does this mean the poor are again being strung along like labmice to support another legal theft of thepoor and middle class by the super rich and powers that be.

Source Links:

#242 Robert C McNair - Forbes.com

Howard W. Horne Sr

Allan C. King - LinkedIn

Board of Directors - 2004 Annual Report - Duke Energy

The Dallas Fed

Americans For Fair Taxation: About Us