The Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government – Entities

Much of the tens of trillions in bailout money and “easy” money from quantitative easing went to foreign banks (and see this, this and this).

Indeed, Ron Paul noted recently that one-third of all fed bailout loans – and essentially 100% of loans from the New York Fed – went to foreign banks.

The New York Fed is the most important Fed bank. As Bloomberg pointed out in 2009:

The New York Fed is one of 12 regional Federal Reserve banks and the one charged with monitoring capital markets. It is also managing $1.7 trillion [now up to at least $1.9 trillion] of emergency lending programs [and accepting collateral from the banks in return].

However, the country’s most powerful “agency” – the Federal Reserve – is actually no more federal than Federal Express. The Fed itself admitted (via Bloomberg):

While the Fed’s Washington-based Board of Governors is a federal agency subject to the Freedom of Information Act and other government rules, the New York Fed and other regional banks maintain they are separate institutions, owned by their member banks, and not subject to federal restrictions.

Read more at WashingtonsBlog.com

Anatomy of the Deep State

There is the visible government situated around the Mall in Washington, and then there is another, more shadowy, more indefinable government that is not explained in Civics 101 or observable to tourists at the White House or the Capitol. The former is traditional Washington partisan politics: the tip of the iceberg that a public watching C-SPAN sees daily and which is theoretically controllable via elections. The subsurface part of the iceberg I shall call the Deep State, which operates according to its own compass heading regardless of who is formally in power.

During the last five years, the news media has been flooded with pundits decrying the broken politics of Washington. The conventional wisdom has it that partisan gridlock and dysfunction have become the new normal. That is certainly the case, and I have been among the harshest critics of this development. But it is also imperative to acknowledge the limits of this critique as it applies to the American governmental system. On one level, the critique is self-evident: In the domain that the public can see, Congress is hopelessly deadlocked in the worst manner since the 1850s, the violently rancorous decade preceding the Civil War.

Read more by Mike Lofgren at BillMoyers.com

President Ronald Reagan – “Evil Empire” Speech

https://www.youtube.com/watch?v=do0x-Egc6oA

Address to the National Association of Evangelicals in Orlando, Florida that would come to represent Reagan’s view of the Soviet Union. Reagan defends America’s Judeo-Christian traditions against the Soviet Union’s totalitarian leadership and lack of religious faith, expressing his belief that these differences are at the heart of the fight between the two nations. (March 8th, 1983)

Barack Obama’s Biggest Lie

There’s a lot of competition for Barack Obama’s biggest lie. The man who could assure the American public with a straight face over thirty times that they could keep their doctor under his health plan, when he knew that to be completely false, is one hellluva fibber.

But execrable as that serial prevarication may have been, it doesn’t hold a proverbial candle to his most recent whopper — that the Islamic State is not Islamic — not to mention its corollary, or perhaps subsidiary lie, that real religions do not indulge in murder. Islam has been doing that pretty much straight through for fourteen centuries, both outwardly toward Christians and Jews, and inwardly in its unresolved pathological conflict between its Sunni and Shiite strains that continues, as the world well knows, to this day and undoubtedly into the foreseeable future, spewing an uncountable number of corpses as it goes.

Read more by Roger L Simon at pjmedia.com

Trump in Mexico recalls Reagan in Geneva

Donald Trump’s surprise visit to Mexico, where he met the Mexican president and discussed the many contentious issues between our two countries, reminds me of President Reagan’s important trip to Geneva in 1985. Reagan was more than willing to sit down with the Communist leader of the USSR in an effort to build a personal connection between the two men without sacrificing America’s vital interests in the Cold War.

Voters finally have the opportunity to choose a president who will make America first by securing our border and ending one-sided trade deals that favor foreign workers rather than our own. Trump’s strong stance in his meeting with the Mexican president demonstrates that Donald Trump is the “choice, not an echo.”

Read more by Phyllis Schlafly at WND.com

What Happens When Liberal Moral Relativism Meets Islamic Evil?

I can’t imagine how a father could contemplate killing his ten year old daughter because a mullah had raped her in a mosque, but I know it is evil.

It is evil, too, to behead or bury alive helpless people because they are of a different faith; to blow up little girls because they went to school. But many prominent liberals have criticized Islamists only when making false and invidious comparisons between them and Christians, or Republicans.

–SNIP– I think the biggest reason why liberals are reluctant to acknowledge the true nature of Islamists is because to do so would be a tacit admission they’ve been really, really wrong – about reaching out to Islamists, about cuts in defense, about their entire philosophy of moral relativism. That would be a blow to the substantial egos most liberals have.

And for most liberals, nothing is more important than clinging to political power. To admit – even tacitly – their screwups have caused a humanitarian catastrophe and put America at risk might have adverse consequences at the polls.

Read more by Jack Kelly at ToThePointNews.com

From Whitewater to Benghazi: A Clinton-Scandal Primer

Newly released emails have shown again the troublesome interconnections between the Clinton Foundation and the Hillary Clinton-led State Department.

The conservative accountability group Judicial Watch released Tuesday night a tranche of nearly 300 emails it obtained through a lawsuit, and they paint a picture of some of the conflicts of interest created by a situation in which Hillary Clinton ran U.S. foreign policy as her husband’s foundation acted around the globe. Many of the emails are redacted, and some are almost comically boring—“No new voice messages,” one reads in full—but others are not.

Read more by David A. Graham at Atlantic.com

Anatomy of the Deep State

There is the visible government situated around the Mall in Washington, and then there is another, more shadowy, more indefinable government that is not explained in Civics 101 or observable to tourists at the White House or the Capitol. The former is traditional Washington partisan politics: the tip of the iceberg that a public watching C-SPAN sees daily and which is theoretically controllable via elections. The subsurface part of the iceberg I shall call the Deep State, which operates according to its own compass heading regardless of who is formally in power.

During the last five years, the news media has been flooded with pundits decrying the broken politics of Washington. The conventional wisdom has it that partisan gridlock and dysfunction have become the new normal. That is certainly the case, and I have been among the harshest critics of this development. But it is also imperative to acknowledge the limits of this critique as it applies to the American governmental system. On one level, the critique is self-evident: In the domain that the public can see, Congress is hopelessly deadlocked in the worst manner since the 1850s, the violently rancorous decade preceding the Civil War.

Read more by Mike Lofgren at BillMoyers.com