 |
|
|
|||
 |
|||
|
|
|||
|
|
|||
|
|
|
||
|
|
|||
|
|
|
||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
|
|
|||
 |
|||
|
|
|||
|
|||
|
|
|||
|
|||
|
|
|||
|
Lawsuit Challenges Banker Bailout Scam
- Text size
Kurt Nimmo
Infowars
September 25, 2008
Tucked in an out of the way spot on the Washington Post’s website, Rosalind Helderman writes about Republican Congressional candidate Peter James, who believes the banker bailout currently wending its way through Congress is illegal and unconstitutional. James is challenging Democrat Donna F. Edwards in Maryland’s 4th Congressional District. He not only believes the bailout scam is unconstitutional, he also stands behind a lawsuit challenging the as of yet passed $700 billion (more likely to be ultimately in the trillions) bailout plan, more accurately described as welfare socialism for the financial class.
|
|
| Republican Congressional candidate Peter James talks about how the government and the Federal Reserve violate the Constitution. | |
James agreed to work with We the People to serve papers in a lawsuit challenging the bailout. We the People is a grassroots constitutional activism organization determined “to restore Constitutional Order and the reclaim the fundamental Liberties which have been seized by those that would deprive us our Freedom,” according to their website. On September 18, WTP chairman and constitutional activist Robert Schulz filed a federal lawsuit in United States District Court in Albany seeking to halt the execution of the emergency bailout of American International Group, Inc. by the United States Government and the Federal Reserve.
“The lawsuit asserts that the commitment of public funds and credit for the direct benefit of privately owned AIG is an ultra vires action by the United States Government and Federal Reserve, i.e., beyond the limited legal authority granted by the Constitution,” explains the WTP website. “The lawsuit asks for a ’show cause’ hearing demanding that the Government produce evidence of its legal authority to commit public funds for such a purpose, as well as emergency and permanent injunctions halting the bailout transaction.”
Defendants in the lawsuit include the Federal Reserve System, Fed Chairman Ben Bernake, the U.S. Treasury, Treasury Secretary Hank Paulson Jr. and the United States Government.
 |
|
|
|
|
“Through a long-standing policy of disinformation and collusion with the Federal Reserve and Wall Street financial elite, the United States Federal Government has denied public access to information about the secretive operations of the privately owned and operated Federal Reserve and its monopoly control of America’s money system,” states a WTP press release.
Since 2002, WTP has tried unsuccessfully to get the government to respond to a number of First Amendment Petitions for Redress of violations of the Constitution, specifically the Fed’s violation of the money clauses of the Constitution. Ron Paul recently confronted Fed boss Bernanke about these violations, indicating that the Constitution grants to Congress the authority to coin money and regulate the value of the currency and thus fractional reserve banking and the Fed are unconstitutional. In response, Bernanke cited the Federal Reserve Act, in essence stating Congress long ago surrendered its constitutional authority to the bankers.
“This monopoly control of our currency by a private banking cartel has resulted in increasing distortion, volatility and cyclical (boom and bust) economic conditions in the U.S. and abroad,” WTP continues. “America’s fiat currency (produced from thin air) is manipulated by the Federal Reserve for the benefit of its owners, major Wall Street financial institutions and the Federal Government and is not unaccountable to the taxpayers. These abuses of the Constitution have taken our financial system to edge of the abyss. The chickens have come home to roost.”
Indeed, the chickens have come home to roost, as even the corporate media now admits the financial system is at the edge of the abyss. However, Peter James’ participation in the WTP lawsuit and the lawsuit itself have received virtually zero mention in the corporate media. Instead, the corporate media insists Paulson’s banker bailout plan or a slight variation of it are our only options. Passing a bill that gives the bankers a blank check will certainly exacerbate the situation and push the country into a financial black hole, a disaster long sought by the bankers.
|
-
- Social bookmarks
- Email this article
-
- Print this page
- Share on Twitter
September 25th, 2008 at 10:17 am
I agree, the Federal Reserve is unconstitutional and I will not continue to use there money or pay them taxes.
September 25th, 2008 at 10:27 am
I AM SELF EMPLOYED BUT RECIEVE 1099. I WILL NO LONGER PAY TAXES EITHER. WHAT FOR WE ARE GOING OVER A FINANCIAL ABYSS POSSIBLE WITHIN THE NEXT WEEK. f--- THESE TRAITORS. i HAVE MY 357 GLOCK, 308 MED RANGE SNYPER RIFLE. ENOUGH FOOD IN MY HOUSE TO LAST ME INTO JANUARY. LETS GO HUNTING FOR THESE TRAITORS THAT CAUSED THIS AND KILL THEM. theinternationalforcaster.com will give us one of these list once we go over the abyss. We will get there addresses, telephone numbers, names, and hopefully pictures.
September 25th, 2008 at 10:39 am
Excellent. I hope they are successful! They are steeling our money and the money of generations to come, not to mention a lot of people are going to find their property is owned by the Federal Government.
If we are going to have a Federal Reserve (which I agree with Thomas Jefferson’s views, it is a mistake and permits what is currently happening) then why does a private organization have a monopoly on this? Aren’t they in violation of antitrust and Federal racketeering laws? I am not a lawyer but Is that another avenue to pursue in fighting this?
Hyden
September 25th, 2008 at 11:11 am
GET UP, STAND UP..STAND UP FOR YOUR RIGHTS- BOB MARLEY
September 25th, 2008 at 11:26 am
JT I agree, the Federal Reserve is unconstitutional and I will not continue to use there money or pay them taxes.
You hit the nail on the head. Refuse to pay them their illegal income tax, see how long it takes for things to change. A national tax out day, no mas.
September 25th, 2008 at 11:32 am
A bit of recent history:
TAXPAYERS BAIL OUT BEAR STEARNS FOR $30 BILLION
Bear Stearns is a huge Jewish investment bank with 7,000 employees. On March 10th (2008) a “run on the bank’ developed with big investors pulling millions out of Bear Stearns. A huge part of their portfolio is in sub-prime loans to poor people who can’t pay the money back. Bear Stearns CEO Alan Schwartz made an urgent call to JP Morgan-Chase CEO James Dimon, (Diamond; Jews often choose names of precious metals such as Mr. Gold, Mr. Silver etc.) Within two days, March 13th and 14th they were able to secure a “loan” of $30 billion from Federal Reserve’s Bernard S. (Shalom) Berneke. There was no vote on this giveaway. Remember the FDIC slogan is that they are backed by the “good faith” of the U. S. government, (meaning faith in the US taxpayers!)
JP Morgan-Chase used the money to buy up Bear Stearns stock at $10 a share when in January 2007 it traded at $160 a share. Bernecke has “loaned” some $370 billion to other high risk investment banks. Such reckless activity could actually bankrupt the government.
Courtesy “The Truth at Last”, about six months ago.
September 25th, 2008 at 11:36 am
illegalalienhunter,
Let’s hope the bastards haven’t skipped the country by the time the list comes out.
September 25th, 2008 at 12:03 pm
Here is a paragraph written by Ron Paul. This demonstrates why our financial system was placed under attack. The interest rates were deliberately lowered so people who could not afford it would invest. The exact same tactic was used in Ireland (see Wiseupjournal.com), and China is next. This is done by an international group interested in bringing about a single world currency – and the control that goes with it:
“When interest rates are lowered to below what the market rate would normally be, as the Federal Reserve has done numerous times throughout this decade, it becomes much cheaper to borrow money. Longer-term and more capital-intensive projects, projects that would be unprofitable at a high interest rate, suddenly become profitable.
Because the boom comes about from an increase in the supply of money and not from demand from consumers, the result is malinvestment, a misallocation of resources into sectors in which there is insufficient demand.”
With no demand, the venture fails. Assets must be sold at firesale prices, and only huge institutions have the cash to buy large numbers of assets at these prices. This crisis was created as a device to take complete control of the money supply (and assets too).
September 25th, 2008 at 12:11 pm
The war in Iraq will pay for itself and the bailout will only be 700 billion.
September 25th, 2008 at 12:16 pm
I just had a psychic vision. My children’s, children’s, children’s, children’s, children’s, children’s, children’s, children’s, children’s, children’s, children’s, children’s, great grand children just sent me a message…
“Thanks a lot you f---ers. We still haven’t paid off this debt.”
September 25th, 2008 at 12:41 pm
How do you escape using their money though? You need to buy groceries, pay rent, pay for gas, etc etc. You need “money” and FRNs are all that are accepted of course, worthless in the end or not. Even the folks selling silver gold etc all want your FRN’s for them. Stop paying taxes? How’s that if one is not self employed and can’t afford to fight the IRS? Just tell your HR folks at the place of employment that you are opting out? Uh-hu. Sure, that’ll work.
September 25th, 2008 at 1:28 pm
SmokeyJoe, all you have to do is tell the HR person you want to make changes to your W-4 form. They cannot withhold tax money without your permission. Change it to exempt and your done.
September 25th, 2008 at 2:19 pm
PLEASE READ!!! http://www.kucinich.us THE MAN HAS A PLAN!
September 25th, 2008 at 2:42 pm
my grandfather told me what happened to Mussolini while trying to escape Italy
September 25th, 2008 at 2:57 pm
“Such reckless activity could actually bankrupt the government”
#7 That is where you are wrong. They can’t bankrupt America out of our Constitution or Bill of Rights. This is our land, our streets, and not our debt. Send any bill you get to the illegal and unconstitutional Federal Reserve.
Federal Reserve is unconstitutional therefore any debt owed to them does not have to be paid. We will pay back China and others but F*ck the FED.
September 25th, 2008 at 3:15 pm
Inform Lou Dobbs of this lawsuit so the plantiffs can be on MSM. If Lou Dobbs will not do it have Britanny Spear wear a we the people tee shirt, otherwise nothing will get done in this country.
September 25th, 2008 at 4:04 pm
When hurricane’s hit and destroys parts if U.S. States the Government doesn’t do anything for weeks if ever!
When gas prices are killing the Middle Class and people have to choose between food or gas to get to work the Government doesn’t do anything! (Speculate this!)
When healthcare providers refuse to cover treatment for an American that pays over a third of their monthly income to be covered for health related issues the Government could care less, they do nothing.
When a bunch of Elite wealthy rip off artist bankers get greedy and rape American’s buying homes and then their greed causes a Worldwide economic collapse, they get a free ride, a bonus and tax money from the very American’s they were trying to rip off in the first place!
When foreign policy and the Elite’s financial status become the priority to our Government and the American people mean nothing – there is a major problem!
REVOLUTION!!!!!!!!!!!!!!!!!!!!!!!!!
September 25th, 2008 at 4:19 pm
I think there is no point about argueing on any re-payments of the debt.
The only solution is to kick the banksters out, shut down the FED and return to sound money.
There really is no way around it. Educate the people, wake them up.
A good source of basic information on the money system is the film “Money as Debt” (google video).
Why should we pay interest and debt on money that was created out of thin air?
September 25th, 2008 at 6:04 pm
http://blog.wired.com/27bstrok.....nline.html
Online Bailout Outrage Jumps to Streets, and Into Lawmakers’ Inboxes
An e-mail that began as a rallying cry from a lone journalist to an influential circle of friends to protest the U.S. government bailout of Wall Street has ignited a national day of street protests. Some demonstrators plan to dump their rubbish in front of the bronze bull sculpture near Wall Street in downtown Manhattan Thursday.
“People are going to bring their own personal junk that they think is worth as much as the junk financial instruments that the government is proposing to buy from the Wall Street banks,” says Andrew Boyd, an activist and freelance online-video artist for nonprofit groups in Manhattan. “We’re hoping that people show up with their 8-track cassette collections, their old Spice Girl CDs, their surf boards that got bit by sharks and old Enron stock certificates.”
Boyd is just one of thousands of Americans from all over the political spectrum who the Bush Administration has angered with its vague proposal to hand $700 billion over to Treasury Secretary Henry Paulson to restore U.S. financial markets’ health. That anger has manifested itself online through e-mail, web sites and other online chatter, with one site, BuyMys---Pile.com, going rapidly viral this week. The site, a parody of the dire financial situation, is what is inspiring the self-organizing group of activists to show up in downtown Manhattan Thursday evening with all their junk. They hope to make their simmering fury palpable to Wall Streeters getting off work.
“Why should people who made financially imprudent decisions be rewarded?” asks Boyd, who is best known for founding the political protest theater group Billionaires For Bush. “It’s our hard-earned tax dollars, and we’re being asked to bail these guys out at the same time as this locks out all the things that we want for the future.”
Boyd’s is one of many voices of frustration. Other people’s anger spilled out online, which in turn, is fueling the planned protests’ momentum.
Arun Gupta, a 43-year-old freelance journalist in Manhattan, is someone else who was so upset by unfolding events that he was moved to action.
“I’ve been spending a lot of time reading about the intensifying crisis and the bailout plan,” he says. “The more I read, the more outraged and flabbergasted I was: It became clear to me that this was the financial equivalent of the Sept. 11 attacks.”
He was so upset that he banged out a passionately worded 629-word e-mail on his laptop Sunday afternoon urging his friends — and anyone else who would listen — to show up at the southern tip of Manhattan late Thursday afternoon to demonstrate. He says that he’s never organized a protest before in his life.
“This week the White House is going to try to push through the biggest robbery in world history with nary a stitch of debate, to bail out the Wall Street bastards who created this economic apocalypse in the first place,” he wrote. “This is the financial equivalent of September 11. They think, just like with the Patriot Act, they can use the shock to force through the “therapy,” and we’ll just roll over!”
He added:
Think about it: They said providing health care for 9 million children, perhaps costing $6 billion a year, was too expensive, but there’s evidently no sum of money large enough that will sate the Wall Street pigs. If this passes, forget about any money for environmental protection, to counter global warming, for education, for national healthcare, to rebuild our decaying infrastructure, for alternative energy.
This is a historic moment. We need to act now while we can influence the debate. Let’s demonstrate this Thursday at 4 pm in Wall Street (see below).
The e-mail ricocheted through the electronic ecosystem faster than the implosion of Wall Street itself, tapping into and riding the frisson of resentment among Americans at this monumental financial foul-up.
“I wrote up an e-mail Sunday night, and I sat on it.” he says. “I was a bit hesitant because I’m not an organizer, I’m a journalist, but I also think that things have to be done in the world.”
He said that he sent it out to best-selling author Naomi Klein, who posted it to her website, and sent it out to her e-mail list. Then TrueMajority, a 700,000 member activist group headed by Ben and Jerry’s co-founder Ben Cohen, sent out an action alert the next day.
TrueMajority is making a “protest kit” available on its web site with instructions for groups who are interested on how to organize a rally. One of the instructions is to bring cell phones to the protest, and to have protesters simultaneously call their members of Congress. The site has also put up a web page that enables people to find an event near them by ZIP code.
“This was a convergence of everyone having the same thought at the same time,” says Matt Holland, TrueMajority’s online director.
He says everybody he knew had received Gupta’s e-mail at least three times from different people. It’s also been widely circulated on blogs.
Holland says that Gupta’s language just taps into “the strength of the emotion” that many Americans are feeling right now. TrueMajority’s members themselves have made 20,000 phone calls to Congress, he says. Members report the calls that they made through the group’s website.
“Everybody is just incredibly pissed off about this, and if there is a place and time for them to express themselves, they’re going to do it,” he says.
Congressional lawmakers have expressed frustration and skepticism over Treasury’s proposal, although they won a concession about CEO pay Wednesday afternoon. President Bush is scheduled to address the nation about the bailout plan 9 p.m. Eastern time Wednesday, and John McCain has asked Barack Obama to agree to cancel Friday’s presidential debate so that they could both work with the administration to hammer out an agreement.
In the meantime, a proposal to add several restrictions on the package from Sen. Bernie Sanders (I-Vermont) has gained traction online. He’s asked Americans to sign onto the petition, and he intends to present it to Paulson. The senator’s office reported Wednesday that 8,000 people signed the petition within the first 24 hours. Another sign that the petition gained widespread notice: “Bernie Sanders,” was one of the most-searched-for terms on Google Tuesday.
Also on Tuesday, a long list of economists from the nation’s top universities sent a letter to congressional leaders voicing their concerns about the too-speedy passage of any bailout package.
They said that they were most concerned about the plan’s fundamental fairness and its ambiguity.
September 25th, 2008 at 6:24 pm
The usual people who started and ran the Money Bombs for both Ron Paul and I believe did for Alex Jones also, are now attempting to run one for a chosen third party candidate if they get enough signed up backers. Now that a candidate seems to have become the most preferred, I recommend going to this website………
http://www.thirdpartyticket.com/
It is called “Third Party Ticket”. This is the central point at this time, even though it was not known that it would be because of Dr. Paul’s Chuck Baldwin endorsement since it started last week, that will get anything as a group that is organized done. Go there and read about it and become part of it. Tnx.
Rhonda
September 25th, 2008 at 6:46 pm
this will fizzle out as always.
“give me control of the banks and i care not who makes the laws” .. M.Rothschild (scammer in charge)
September 25th, 2008 at 7:40 pm
And why would I believe that a lawsuit can accomplish anything?
Have you ever seen anything work in favor of the people?
Shut up #24.
September 25th, 2008 at 7:41 pm
Nothing will happen unless our politicians as a whole decide to oust THE FED and THE IRS! This of course is highly unlikely since most of them have already been bought and paid for by these dark entities!
I’m afraid that the only thing left to do is for the AMERICAN PEOPLE to take matters into their own hands and DEMAND what must be done and insist on how we shall be- or NOT BE- governed!
We should all unite together as a group and allocate ONE VOICE, such as Alex Jones or RON PAUL, to give out the ORDERS on a CERTAIN DAY to bring this nation and its current leaders to an abrupt halt by crowding the downtown streets and major incoming and outgoing highways leading in and out of our local towns and cities! This would be done in one accord all across the nation!
On that day and any there after, none of us would go to work! Neither you, your spouses, your sons and daughters, their sons and daughters and so on, nor your other relatives! Neither your friends and neighbors, nor their relatives, friends and neighbors, until the changes we want are signed into laws and AWAY with THE FED and IRS and the corrupt Washington system! We would do this every single day until we got the results we wanted! Granted, it’s a lot to ask for- but the price will be much higher if nothing serious is done!
There wouldn’t be enough law enforcement nor jail space, to deal with the magnitude of this event!
And from then on, WE THE PEOPLE, as A WHOLE and AS A MAJORITY, and not crooked politicians behind closed doors and IN SECRET chambers, would decide what laws will or will not govern us!
This is just a suggestion folks! But the time has come for the American PEOPLE to take matters into their own hands- BUT AS A WHOLE AND AS A NATION UNITED! For that is the only way that Washington will listen, AND THE REST OF THE WORLD may hear our cries and notice!
Who knows, BUSH/CHENEY would probably throw the U.S. Military at us. But if politicians such as Ron Paul would talk to Military commanders and insist they HOLD BACK and if other country leaders demanded the same thing from our military, perhaps this wouldn’t be a factor!
How many times has Bush and his thugs ousted other nation’s leaders and let the people vote the way they should be governed or who they want as their leader?
So then why can’t other countries come to our aid and oust BUSH and his ring of thugs and try them in a court of law for crimes committed against humanity?
All we need is these cancers out of here including THE FED and IRS!
September 25th, 2008 at 7:59 pm
this is from an iPhone test
September 25th, 2008 at 8:04 pm
Consider this: The Banks and Brokerage Houses created this pile of worthless assets. The Government plan is to buy these at “face value” so none of these organizations suffers a loss. Now if these assets are worth 10 cents on the dollar and $5,000 Billion are purchased by the Taxpayers; then these “Sh*t Assets” are actually worth only $500 Billion, thus the Taxpayers are transfering $4,500 Billion of our wealth to these Criminal [Bohemian Grove] or Stupid Banksters so they can stay in business. Why do we need to save such scum bags? Close down all those
institutions. If we do not, in a few years they will want more money.
September 25th, 2008 at 8:13 pm
how far will it get with mason judges ??????????????????????????
http://www.youtube.com/watch?v=lm_xX1Ur43I
September 25th, 2008 at 8:23 pm
Several days ago, I sent the following e-mail to my Congressional Rep.:
Ms. Baldwin:
I’m a resident of the 2nd District, so you can consider this to be a direct ORDER from one of your MANY “employers”. In regards to any “bail-outs” being proposed, I do NOT authorize you to give ANYTHING to this Administration or to the PRIVATELY-OWNED “Federal” Reserve System that they want. NOTHING. NADA. NIL. ZIP. That means NO “extra authority”, NO immunity for ANYONE, NO “compromises”, and NOT ONE DAMNED DIME. I WILL be watching what you do on this matter, and IF I find that you have given-in to these CRIMINALS, even so much as ONE IOTA, then as far as I will be concerned, you’ll be kissing your seat in Congress “good-bye” when you next come up for re-election
I sent similar e-mails to both of my Senators, as well. I strongly urge all who read this to send similar e-mails, and to convince their voting-age friends and family to do likewise.
September 25th, 2008 at 9:30 pm
bailout is a major crime. http://www.thepentacon.com april gallop alex jones, jim marrs, visit the http://www.thepentacon.com http://www.donaldtrumphair.com stop this bailout of 700 billion which will become trillions. its crazy. stop paying taxes google: freedom to fascism. learn more 911 was an inside job. 911 b.s. brittney spears david icke
September 26th, 2008 at 7:52 am
If a gentile commits fraud on any scale, they are prosecuted and sent to jail. Why then are these Zionist thieves not held accountable for their crimes?
The new world power is emerging and its name is Israel….
September 26th, 2008 at 9:18 am
illegalalienhunter, I’m With Ya Brother . It’s time we started to tell these leech’s to shove it up their collective ass’s . We need to clean the f---ing house out and mount these traitors heads on our walls as trophies. Lock And Load . Kill Em All ! And None Of Us Americans Should File our 1099’s . Stop Giving These Worthless bastards our hard earned money .The Income tax and the fed are illegal and we are under no obligation to pay anything period !
September 26th, 2008 at 9:39 am
It just doesn’t make sense. what is their ulterior motive? U know how the gov’t works. they lie to you about one thing to distract you from the man behind the curtain. so why would the bankers want an economy crash? What do they gain when their customer’s are broke??? Who has anything to gain from this? The past bankers who made trillions as the economy fell?? Then why aren’t today’s bankers up-in-arms and trying to get that money back??? After all they are suffering now because of the past 80 years that the FED has been destroying the dollar value. The whole thing is just bizarre. What is their ultimate goal??????
September 26th, 2008 at 9:44 am
The zionist f---ing jew bloodsuckers are behind this fiasco . Who do you think owns and runs the fed and the entire international banking empires . Who do you think runs this country ? Our so called ?”ELECTED”? Officials are puppets of the jew masters ! Open your damned eyes .THEY Pull the strings . Look at who runs all the media , the newspapers , the banks , Hollywood , The Senate , Congress , Etc. “WHO” does america support without question ? “WHO” is all these wars being fought for ? “WHO” Does America Protect constantly ? WHY ? Because the BIBLE says we have to ?BULLs---! What has the ZIONIST JEW Ever Done For This Country ? What has the zionist jew ever done for any country that they have ever been in ? NOTHING ! Check For Your Self And See Who Are The Main Power Players In American Politics And In Our Congress , Senate , Wall Street , Banking , Supreme Courts , etc, etc, THE JEWS !. It Doesn’t take a freaking genius to see who and why this nation is headed down the crapper ! And To Anyone That Thinks I’m A Bigot And Racist, Anti Semite , Whatever I Don’t care what you think because I’m Not . I Just See What You Sheeple Refuse To See And Admit . But You Know I’m Right .
September 26th, 2008 at 10:36 am
I sent my emails two days ago basically along the same lines as Michael B. Anthony. However, I also called them personally and raised one hell or a storm on the phone. I am sure their aides didn’t like answering the phones for the past couple of days. Keep calling them every day. I also sent an email to both of the Presidential Candidates since they are Senators letting them know that neither of them is getting my vote and voting yes on any bailout bill will put their chance of being elected in danger.
September 26th, 2008 at 11:17 am
You people have it all wrong.
Time to get behind Bush and win against terrorism.
September 26th, 2008 at 12:02 pm
Donny #40 … Go back to New Kids on the Block … and suck a fat one!
September 26th, 2008 at 12:40 pm
It’s time to rally behind the flag. Get behind this bailout, or we will have a depression.
Once we get the economy back on track, we can focus on the important things: fighting these terrorist states.
We took out Sadaam when we liberated Iraq. Now it looks like Iran and the Pakis want some too.
Let’s rally America; we can do it
September 27th, 2008 at 1:11 am
I LIKE TURTLES!