[Excerpt from Grand Illusion- The Federal Reserve]

“The average American does not know much about the Federal Reserve. The government and the Federal Reserve prefer to operate in the shadows. If the American public understood what their policies have done to their lives, they would be rioting in the streets. Henry Ford had a similar opinion:

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Most Americans believe that the Federal Reserve is part of the government. They are wrong. It is a privately held corporation owned by stockholders. The Federal Reserve System is owned by the largest banks in the United States. There are Class A,B, and C shareholders. The owner banks and their shares in the Federal Reserve are a secret. Why is this a secret? It is likely that the biggest banks in the country are the major shareholders. Does this explain why Citicorp, Bank of America and JP Morgan, despite being insolvent, are being propped up by Ben Bernanke and Timothy Geithner?

The history of National Banks in the United States has been controversial since the Founding Fathers signed the Declaration of Independence. The Constitution of the United States unequivocally states that only Congress has the authority to coin money, not an independent bank owned by unknown bankers.

The Congress shall have Power to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures
Article 1, Section 8 – US Constitution

Our most recent horrifying experience with an all powerful central bank has led to the current worldwide financial crisis. In less than one century the Federal Reserve Bank of the United States has destroyed our currency and has allowed bankers to gain unwarranted power over the country. They had the ability and opportunity to bring down the worldwide financial system.”

By Simon Kennedy

LONDON (MarketWatch) — The number of completed U.S. foreclosures in February was 121,756, the highest monthly total since the crisis began, according to data from Foreclosures.com. The figure was a 67% increase from the 72,694 reported in January and was also well above the previous monthly high of 104,243 set last September. The number of pre-foreclosure filings also set a new monthly record, rising 24% to 207,703 in February from 166,860 in January.

 

 

 

 

The 11 Forgotten Laws

HONG KONG (Reuters) – Government infrastructure spending will drive a rebound in metals prices, while gold may reach $2,000 an ounce in the next year if the dollar falls, an executive with UK fund house Schroders (SDR.L: Quote, Profile, Research, Stock Buzz) said.

 ”The potential for very sharp price rises in industrial metals this year is very good,” emerging market debt and commodities product manager Christopher Wyke told Reuters.

 ”We think in infrastructure the cutbacks will be very limited. When a recession happens, governments in the U.S. and elsewhere accelerate infrastructure spending.”

 He said that despite the global economic downturn, Asia retains its appetite for infrastructure spending, which will support prices of metals such as copper and zinc. Prices of the two metals have fallen around 58 percent and 54 percent respectively from a year earlier.

 ”The problems in Asia are not structural, they’re essentially cyclical — a very severe cyclical downturn,” the London-based Wyke said in an interview at his firm’s Hong Kong offices.

 Wyke does not directly manage funds but oversees Schroders’ commodities fund products which hold $4.5 billion in assets, including a recently launched gold and metals fund.

 He said Chinese infrastructure spending will be a key driver of metals demand and prices.

 ”The level of credit in China has been shrinking in the last 10 years, the banking system has been reformed, and they have $2 trillion in reserves,” Wyke said.

 So, is it likely there’s going to be wholesale abandonment of infrastructure investment in China? No.”

 GOLD BULL

 While Wyke has backed off from his stance last June that gold could reach $5,000 an ounce over the next few years as a refuge from inflation, he still expects the precious metal to show stronger gains in the second half of 2009 if the dollar falls and inflation fears mount.

 ”If you saw the dollar resume its fall and maybe toward the end of this year you started seeing people worried about the inflationary consequences of U.S. government policies, then gold prices could move up very sharply,” Wyke said.

 ”In the next 12 months, if that were to happen and the dollar were to fall, a gold price of $2,000 an ounce is quite likely.”

 Spot gold, which was trading at $937.20 around 0835 GMT (4:35 a.m. EDT) on Monday, has risen 6.6 percent in 2009 as investors seek a safe haven of value amid the global slump.

 Schroders’ gold and metals fund was up 6.15 percent this year at the end of February, Wyke said. At the end of January, the fund was worth nearly $61 million, and is down 34.3 percent since its launch in July 2008.  Continued…

The 11 Forgotten Laws

They were as follows:

1) To Iron Our My Core Message & Prospect for This Internet Business

2) Decide on the best front end product that I can offer my readers here to benefit their lives and monetize the website.

and

3) To contact 3 or more Real Estate Contacts.

I am about to go to bed now, and may work on my core message before I do.

I still have not discovered a good product that I can market to my audience to benefit their lives, and make this website profitable. I am sure an answer will manifest sooner or later.

I DID successfully complete the 3 real estate contacts…inquiring with about 5 people with a good deal of experience in the industry on what I can do for financing in our current market and with my credit that is still in the process of being improved.

Also, I did enjoy a good deal of financial and Internet marketing education today with my mastermind group.

So although I did not achieve everything I had wanted today, I am still going to acknowledge the small success I did have.

The 11 Forgotten Laws