[CitizensTruth] This Monday - call Congress for support of HR1207 - Audit the Fed

[Geri Perry]

Actually. . .

I agree more with Walter Burien on this one, i.e.,

"An audit of the Federal reserve is NOT what is needed, an audit of 
Governments NET domestic and international derivative trading activity 
held by and managed for government by themselves, or the Federal 
Reserve, other Banks, Brokerage, and Insurance companies, is what is 
URGENTLY needed!"

If you have read my series "The World According to Derivatives" - 
available at http://onlinejournal.com/artman/publish/cat_index_22.shtml  
- you can understand how it is that Wall Street has managed to expand an 
"off-balance sheet" money supply through derivatives thereby creating a 
"shadow banking system" run by traders/investment banks for the benefit 
of high rollers around the globe.

Chossudovsky and Carroll Quigley are right. The investment banks are the 
ones who control the financial economy - while the Fed and other central 
banks essentially control the money supply within their own countries 
and therefore can have an effect on the REAL economy by tightening or 
loosening credit/money. The center of power (and corruption) is Wall 
Street, with "sovereign" investment funds aiding and abetting, and our 
own government enabling at all levels through "public/private" 
partnerships, creation of government "off-shore" accounts and assorted 
other suspect means.

An audit of these investment banks, insurance companies and government 
trading accounts, together with investigation of rating agencies and the 
activities of complicit government officials is truly needed because as 
Burien's account below implies  - at least some members within our own 
government may very well be knowingly complicit in the most massive 
legalized theft of other people's wealth in history.

The one crucial point Burien misses is the problem of money created as 
debt. This enables him to believe that the problem will be solved if we 
just clean up government and related partners in crime.

BUT - in order to achieve a long term solution we need to get Congress 
to do its Constitutional duty and issue debt "free" money. Otherwise the 
many-headed hydra will be back with a vengeance, using slightly 
different tactics, like it always has.


___________________________________________________________________________
Derivatives - A complete Audit of Government's "NET" profits is URGENTLY 
needed!
by Walter Burien
04/06/09

The explanation of derivatives given in the email post copied below is 
that of a fictional Saturday morning cartoon for children's entertainment.

The International and domestic Commodity Futures market prices are 
determined by traded contracts of different commodities and a listing of 
the primary domestic ones can be viewed at the following link:

http://www2.barchart.com/mktcom.asp?code=BSTK

"Every" trade is settled by the exchange.

The trades can generate massive profits or losses for the players.

All trades generate $$$ cash profits or losses, and every trade settles 
by the exchange.

Government in the last three decades has taken over the derivatives market.

Upon viewing of "who walks" with all the cash from the trades in end 
result when trades are closed, local and federal government is taking 
90% of the cash profits, and the public and others are stuck with 90% of 
the losses as a rule in application.

The brokers, exchanges, and a few from the public who get "lucky" are 
getting the other 10%.

A derivative is an item where a trade can be entered and closed out in 
five second, five, minutes, five days, or five months.

When closed out, their is no further liability or profit incurred on the 
trade and as in the profit side, you walk with the cash and the ongoing 
derivative trades are someone else's issue.

Government as the biggest monopoly on earth has "sucked" all of the cash 
out of everyone else's pockets as they opened and then closed each and 
every trade through the use of these derivative trades. Government does 
take losses, on trades but their NET results for overall profits taken 
out of the international market places are not touched by any other.

Truck-loads "of cash" were hauled of between 2001 - 2008 into government 
trading accounts (many government accounts now off-shore) as trades were 
entered and "closed". 

Then come the end of 2008, these government trading account (largest 
ones mostly off-shore) seeing the inevitable bursting of the housing 
market boom where the music would stop playing very soon, positioned 
themselves with massive "short" derivative positions, then intentionally 
stopped the music at their que, and started to dump their physical 
equities on the international market place causing the collapse. Thus in 
doing so guaranteeing a *massive profit* on their short derivative 
positions, massive losses on everyone else's trades and to their account 
balances as they "*promoted*" their losses to their physical domestic 
holdings to say "oh look how terrible it is"... Get it?

Then for the definition of arrogance: They then use a trillion dollars 
here and a trillion dollars there from taxpayer revenue to shore-up the 
playing field that "they" dis-stabilized in the first place as their 
greed was applied for complete takeover of the wealth transferred from 
one hand (domestic government accounts) to the other (off-shore 
government accounts) through the use of derivatives, a market place that 
"they" expanded up from an 80 trillion dollar a year international 
market place in 2000 to a six-hundred trillion dollar a year market 
place in 2008 giving themselves the ability to pull the plug and clip 
everyone else...

I will repeat what I have put out in numerous emails in the last four 
months: "A complete audit of government's _off-shore_ accounts is 
urgently needed to determine the net result of the recent market 
manipulations."

With derivatives, with every one dollar lost, one dollar is credited to 
another's account. here we are talking in the international Stock Index, 
Interest Rate Index, Dollar Index, Crude Oil Index, Precious Metals 
Indexes trillions of dollars transferred.. The exchanges settle EVERY 
trade, and ALL were settled! *SO WHO WALKED WITHE THE CASH!*

*Government did from all the rest!!!*

An audit of the Federal reserve is not what is needed, an audit of 
Governments NET domestic and international derivative trading activity 
held by and managed for government by themselves, or the Federal 
Reserve, other Banks, Brokerage, and Insurance companies, is what is 
URGENTLY needed!

Will it be done? I doubt it. That would be like the foxes who just 
walked with all of the hens out of the hen house conducting an audit on 
the 50,000 hens that use to be in the hen house that just "disappeared" 
for disclosure as to "who took them!"

The entertainment of the public goes on and the ecoing laughter from a 
few key players in the back halls of government and their outside 
cooperatives players continues..

Truly yours,

Walter J. Burien, Jr.
P. O. Box 2112
Saint Johns, AZ 85936

http://CAFR1.com <http://webmail.cafr1.com/images/blank.png> and 
http://TaxRetirement.com
<http://taxretirement.com/>
email: WalterBurien at CAFR1.com

Tel. (928) 445-3532



Mike Kirk wrote:

> Call your Congress Critter on Monday to support HR1207,

> a bill to audit the books of the Federal Reserve.

>

> http://endthefedusa.ning.com/events/audit-the-fed-melt-the

>

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