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Bill to Abolish the Federal Reserve Bank from 2003?

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Bud Burrell - Front and Center

Posted by: bburrell

2/4/2007 12:34 AM

Re: Overstock Becomes First Major Tsunami Wave of SET

By Sean on 2/4/2007 12:29 AM

Bud, have you ever seen this?

108th CONGRESS
1st Session

H. R. 2778

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

July 17, 2003
Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services

--------------------------------------------------------------------------------

A BILL
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Federal Reserve Board Abolition Act'.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

(a) IN GENERAL- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) REPEAL OF FEDERAL RESERVE ACT- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.

(c) DISPOSITION OF AFFAIRS-

(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System--

(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks--

(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and

(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and

(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.

(2) LIQUIDATION OF ASSETS-

(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.

(d) REPORT- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.
END
www.theorator.com/bills108/hr2778.html

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Comments (20)

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By Sean on 2/4/2007 10:38 AM
If the above is true.. which I have no reason to believe it is not, how could it be kept away from the public for so long??

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By bbhindyou on 2/4/2007 12:15 PM
What happened to the sponsors and presenters of this bill? Are they dead or rich? Either outcome will give you the reason we havn't heard of this.

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By Sean on 2/4/2007 1:37 PM
I believe that one is officially running for President, believe it or not!!!

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By David on 2/4/2007 1:38 PM
There is an enactment to Impeach President Bush too, but have you seen it ??

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/4/2007 6:04 PM

Bud .. what do you think?

Top US prosecutors ‘forced out’

"Senator Patrick Leahy, the new chairman of the Judiciary Committee, will hold a hearing next week on whether the justice department is politicising the hiring and firing of top federal prosecutors."

http://www.ft.com/cms/s/5deb91f0-b169-11db-b901-0000779e2340.html

-------------
IMO...this is not just about installing top prosecutors without Senate confirmation. It is about a massive cover up of egregious fraud once again. They ( the ones being removed) are getting the goods on these fraudsters...and taking them out and replacing them with less knowlegable prosecutors obviously slows the process down and may even give some time to obstruct justice... which seems to be the going fad these days.

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By Catfish on 2/5/2007 12:01 AM
The bill was introduced but never passed in the 108th Congress. Since it was introduced and never passed it was cleared from the books at the beginning of the 109th Congress. Here's a little more: http://www.govtrack.us/congress/bill.xpd?bill=h108-2778

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By bbhindyou on 2/5/2007 10:05 AM

Wouldn't it be great to be the godfather of a crime family who gets to fire and hire the people in charge of enforcing the law?
"Come down on who I say when I say it,and if you come down on me or mine out you go."
What a country.
Unlimited freedom to take what was ours.
Unlimited freedom to stop any information about the crime getting out.
Unlimited freedom to prosecute the victims if they dare try to scream or defend themselfs.
Unlimited freedom to stop the prosecution of the crimes.
Unlimited freedom to take what we have if we try to leave.
I can't take much more freedom.
I feel as if I am up very high and the only way down may kill.
Vertigo.
Either I am very sick or this is.
Alice I think I know how you felt when you found the other side of the glass.

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/6/2007 6:10 AM

The attached is from the gentleman that wrote the above bill.

--------------------------------------------------------------------------------

Political Power and the Rule of Law

February 5, 2007

With the elections over and the 110th Congress settling in, the media have been reporting ad nauseam about who has assumed new political power in Washington. We're subjected to breathless reports about emerging power brokers in Congress; how so-and-so is now the powerful chair of an important committee; how certain candidates are amassing power for the 2008 elections, and so on. Nobody questions this use of the word "power," or considers its connotations. It's simply assumed, in Washington and the mainstream media, that political power is proper and inevitable.

The problem is that politicians are not supposed to have power over us-- we're supposed to be free. We seem to have forgotten that freedom means the absence of government coercion. So when politicians and the media celebrate political power, they really are celebrating the power of certain individuals to use coercive state force.

Remember that one's relationship with the state is never voluntary. Every government edict, policy, regulation, court decision, and law ultimately is backed up by force, in the form of police, guns, and jails. That is why political power must be fiercely constrained by the American people.

The desire for power over other human beings is not something to celebrate, but something to condemn! The 20th century's worst tyrants were political figures, men who fanatically sought power over others through the apparatus of the state. They wielded that power absolutely, without regard for the rule of law.

Our constitutional system, by contrast, was designed to restrain political power and place limits on the size and scope of government. It is this system, the rule of law, which we should celebrate--not political victories.

Political power is not like the power possessed by those who otherwise obtain fame and fortune. After all, even the wealthiest individual cannot force anyone to buy a particular good or service; even the most famous celebrities cannot force anyone to pay attention to them. It is only when elites become politically connected that they begin to impose their views on all of us.

In a free society, government is restrained--and therefore political power is less important. I believe the proper role for government in America is to provide national defense, a court system for civil disputes, a criminal justice system for acts of force and fraud, and little else. In other words, the state as referee rather than an active participant in our society.

Those who hold political power, however, would lose their status in a society with truly limited government. It simply would not matter much who occupied various political posts, since their ability to tax, spend, and regulate would be severely curtailed. This is why champions of political power promote an activist government that involves itself in every area of our lives from cradle to grave. They gain popular support by promising voters that government will take care of everyone, while the media shower them with praise for their bold vision.

Political power is inherently dangerous in a free society: it threatens the rule of law, and thus threatens our fundamental freedoms. Those who understand this should object whenever political power is glorified.

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By dptv on 2/6/2007 6:10 AM
http://www.depression2.tv/

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By debt on 2/6/2007 2:38 PM
Dept. treasury buy in rule from 1994. http://www.treasurydirect.gov/instit/statreg/statreg_1994buyinrule.txt

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By ted on 2/6/2007 2:38 PM
http://www.wall-street.com/nakedshorting.html

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/7/2007 10:21 AM

You may want to read this folks, very interesting times ahead!!!

http://www.bloomberg.com/apps/news?pid=20601103&sid=a141iyM8qrYI&refer=us

SEC Asks 10 Firms to Turn Over Stock-Trading Records (Update3)

By Otis Bilodeau

Feb. 6 (Bloomberg) -- The U.S. Securities and Exchange Commission requested 10 securities firms turn over stock-trading records for the last two weeks of September, opening a review of how Wall Street handles confidential information.

The examination is aimed at determining whether details about trades big enough to push a stock price up or down were leaked to other firms, Lori Richards, director of the SEC's office of compliance inspections and examinations, said today in an interview.

The review may be the first to target a specific period of time for a group of the biggest firms, and is focusing on possible insider trading at brokerages that cater to the most profitable customers, including hedge funds, Richards said. She declined to name the firms. The New York Times reported earlier today that they include Merrill Lynch & Co., Morgan Stanley, UBS AG and Deutsche Bank AG.

``This is a fact-finding effort, not an examination based on specific tips about misconduct at any particular firm,'' Richards said. The agency is acting on complaints from investors such as mutual funds that information about their trades may be leaking from, or exploited by, Wall Street firms that execute the transactions, she said.

Spokesmen for Merrill, Morgan Stanley, UBS and Deutsche Bank declined to comment.

Enforcement Cases

Richards's unit conducted about 2,400 examinations of brokers, mutual funds and other financial advisers during the SEC's last fiscal year, which ended Sept. 30, according to the agency's annual report. Her team referred evidence of potential violations to the SEC enforcement division in 223 instances.

About 15 percent of the reviews of brokers led to enforcement referrals, Richards said.

By looking at several companies at once, the SEC may be able to detect cases in which information about a trade at one firm resulted in an improper trade being placed at a separate firm, Richards said. If the review uncovers evidence of insider trading, it will be turned over to the SEC's enforcement unit for possible legal action, she said.

The agency may also expand the inquiry to seek trading data from more firms if the first round of requests unearths widespread trading abuses, Richards said.

``In view of the size of trading by hedge funds, it's inevitable that the SEC would look at this,'' said Stephen Crimmins, a former SEC trial lawyer now in private practice at Bingham McCutchen LLP in Washington. The SEC in recent years has tried to focus ``on areas where there is likely to be a problem, and this is a likely area,'' Crimmins said.

30 Percent of Trades

While hedge funds have about 5 percent of the assets under management in the U.S., they account for about 30 percent of the country's equity trading, SEC Chairman Christopher Cox told a Senate panel in July.

The Senate Judiciary Committee at hearings last year grilled officials from the SEC and U.S. market watchdogs including the New York Stock Exchange about their efforts to detect and stop insider trading. Linda Thomsen, the SEC's enforcement chief, said the agency would look to the Wall Street firms that act as brokers for hedge funds.

``The prime brokers provide the SEC with a window into the trading activities of the hedge funds they serve,'' Thomsen told a Senate panel in December. ``The enforcement division remains optimistic about prime brokers as a source of leads regarding unlawful insider trading.''

Hedge Fund Loans

Wall Street's prime brokers lend securities, process trades and hold assets in custody to help managers run their hedge funds. The prime brokers split annual fees of about $10 billion in total, according to Tabb Group, a Westborough, Massachusetts- based consultant.

Regulators are also trying to gauge whether brokers are making large loans to hedge funds without demanding enough collateral to cover potential losses. The SEC, the Federal Reserve Bank of New York and the Financial Services Authority in London met with some of the biggest lenders in December to find out how they guard against the risk of market-rattling defaults.

Goldman Sachs Group Inc., the biggest U.S. securities firm by market value, generated about $1.5 billion of revenue from securities lending in the year through May 30, data compiled by consultants at Vodia Group in Concord, Massachusetts, show.

Morgan Stanley, Wall Street's No. 2 firm, gets more than $2 billion a year in revenue from providing prime brokerage services to hedge funds, according to estimates by Brad Hintz, an analyst at Sanford C. Bernstein & Co. in New York.

``To the best of our knowledge, we have not received a letter from the SEC,'' Ed Canaday, a Goldman spokesman, said.

Hedge funds are private pools of capital that let managers participate substantially in the gains on the money invested. Hedge funds worldwide manage about $1.3 trillion and bet on everything from interest rates to weather patterns.

To contact the reporter on this story: Otis Bilodeau in Washington at obilodeau@bloomberg.net .
Last Updated: February 6, 2007 17:28 EST

Re: Bill to Abolish the Federal Reserve Bank from 2003?	By bbhimdyou on 2/7/2007 10:21 AM
There are only two reasons for the continuing lack of buy in ENFORCEMENT.. The police and judges MUST be either afraid or paid. The rules are clear the law states buy in must occur in the time stipulated. Where is the ENFORCEMENT of THE LAW. AFRAID OR PAID? I FOR ONE WOULD LIKE TO KNOW THE ANSWER.

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/7/2007 2:32 PM

Some thoughts!

Here is something fairly well thought out. When might we see an end to the federal reserve?

Posted by ibaft2006

Just think about this analysis for a minute and you will not only be enraged and shocked, but truly ready to take up arms against these criminals.

The United States has an annual Gross National Product of approximately 12 trillion dollars. Consider the tax base of approximately 25% and you get income tax revenues (it is really tax theft) to the government itself of about 3 trillion annually.

We know that well in excess of 50% of the government's budget which is spent each year goes simply to pay the interest on the national debt. The national debt we know is a scam because the Federal Reserve is nothing but well dressed foreign bankers who bought a few key senators to call an unannounced, late-night session in 1913 to give them control of our money supply, AGAINST THE MANDATE OF THE CONSTITUTION! The power to coin money is with congress and although they may charter banks, they must be under Congress' control, not foreign-owned and independent from any audit. The Fed merely prints money and loans it to us for interest. What logical reason, other than corruption, gives a bunch of foreign bankers the right to control and steal our money?

In any case, since the national debt is a scam then the interest we pay for it is also a scam. However, for the purpose of my explanation, let us continue.

Although the interest paid on the national debt is well in excess of 50% of the government's annual intake of approximately 3 trillion dollars, the federal government annual intake is reduced to 1.5 trillion dollars. Now prepare yourself for this one...

There is extensive naked shorting alleged in the lawsuit commonly identified as Electronic Trading Group vs. B of A, Bank of NY, Bear Stearns, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Lehman Bros, Merryl Lynch, Pierce Fenner & Smith, Morgan Stanley and UBS, also known as NY Southern District Court Case No. 06-CV-2859. This case is a lawsuit by the Hedge Funds against the named banks for selling them counterfeit shares. The plaintiff is an LLC, but the owner is a man by the name of Robert Kanter, a hedge-fund biggie. Seems like the rats are all abandoning the sinking ship and each is trying to point the finger at the other on the way out. So, the hedge funds lost money due to naked shorting and they are trying to recover it, such is my take on the case at this time.

Now, consider the allegations in the lawsuit. Since the plaintiff consists of experts in the field who work it everyday, I assume their allegations are both accurate and provable. After all, they would have both the personal knowledge of market operations and the proof to substantiate their claims. Guess how much this plaintiff alleges it can prove is naked shorted or counterfeited on a daily basis? Are you ready? Try $6 billion per day! That means that the remaining intake to the government of $1.5 trillion, if balanced out against the naked shorting/counterfeiting, subtracting the $6 billion per trading day (x 250 trading days = $1.5 trillion) and you basically have those criminals stealing out of the economy 100% of the taxes the government in takes every year.

Do you now understand why the United States is going broke? Do you now understand why our military, border patrol, intelligence agencies and all other needed federal agencies are severely underfunded? Do you now understand why our intelligence agencies were stretched so thin that they could not step in and prevent 9-11 from happening? Do you now understand why the degenerate federal government must charge huge and ever-increasing gasoline taxes, social security taxes, inheritance taxes, taxes for using the roads, taxes for everything from A to Z?

People, the government in America seriously need an enema or the emerging cancer will kill us. Our enemies are certainly happy about these developments, our crooked officials care less, seeking to rob us at an unprecedented pace. Just look at the new trading system imposed on February 5, 2007 of this year? It creates total transparency in the markets and with the implementation of RegSHO, one might think the criminal shorters would cover. Think so? Well, the answer is absolutely not! These criminals are being whisked out of the candy store like a bunch of thieving children. They are lining their pockets at an unprecedented rate because they know the fall is coming. More illegal naked shorting now than ever before.

When will our public servants pull their heads out and do their jobs? This is the pressing question of the 21st century.

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By ted on 2/7/2007 6:41 PM

This is not political as the democrats seem to do the same thing. Our friend Shelby was both a democrat and a republican.

"President George W. Bush's uncle, William H.T. "Bucky" Bush, was part of a group of outside directors at a defense contractor who realized about $6 million in unauthorized pay from an options backdating scheme, according to U.S. securities investigators."

http://today.reuters.com/news/articlenews.aspx?type=&storyid=2007-02-07T223151Z_01_N07471273_RTRUKOC_0_US-OPTIONS-SEC-BUSH.xml&src=/ActiveBuddy

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/9/2007 9:06 AM

Things that make you say ..hhhhhmmmmmnnnnn.

Associated Press

Bies to Leave Fed at End of March
By JEANNINE AVERSA 02.09.07, 10:05 AM ET

Susan Bies, who has been a governor at the Federal Reserve since 2001, announced Friday that she will leave at the end of March, giving President Bush a fresh opportunity to put his stamp on the central bank.

Bies, 59, said she plans to spend more time with her family.

With her expertise in banking and risk management, Bies has played at key role in shaping regulatory policy at the Fed, which is responsible for making sure the nation's financial system remains sound. That's also a key ingredient to the country's economic health.

She took the job as Fed governor in December 2001, three months after the terror attacks on New York and Washington.

With Bies' departure, Bush will have a total of two vacancies to fill on the central bank.

Copyright 2006 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/9/2007 9:07 AM

We've just about had it with this nonsensense!!

A MESSAGE TO THE SEC: “GRANDFATHER”

Well, here we come full circle. Due to the fact that some SEC attorneys in influential positions have turned a blind eye to, protected, and ultimately reaped the benefits from illegal naked shorting for decades is so obvious that presently, implementing something as ridiculously simple as enforcing the existing law is a mystery it requires a public hearing and debate. Gee, should this country follow the common sense of the rest of the world regarding fair stock delivery requirements or let just criminals and terrorists steal without limitation? Permit my to add my public comments ... errr .. DUH! You people claim to be lawyers and you need a public debate on this issue? Are you complete idiots? Did you go to law school at Tijuana Tech? Did you go to law school at all? As my letter will explain, it was not your lack of going to school that was as much the problem, it was the fact you never learned right and wrong and how to say no to temptation.

On the subject, I had a good friend of mine who, when he graduated from law school, was very high up in the class standings of a nationally accredited institution. He applied to the SEC and was not even considered. He initially, and naively, thought possibly it was due to fierce competition that may have beat him out. Well, I have some news for him.

Some of the managing attorneys who decide “who goes where” in your organization are definitely agenda-minded when it comes to which attorneys get hired. It appears that most of your attorneys must either pass an idiots’ exam or more likely, an on the spot ethics exam in which consists of a $100.00 dollar bill intentionally left unnoticed on the floor in front of the applicant. The applicant has the opportunity to pick the money off of the floor unnoticed. If the applicant returns the c-note, the interview ends and no job offer. If he steals it, then he fits right in! Unfortunately for the SEC, Gary Aguirre “somehow” made it through the interview and retained his integrity and “somehow mysteriously” got the job. Ever consider the fact that you might have been set up? Apparently, he just would not play ball and you terminated the man, in spite of the fact he has more ability and integrity in his little pinky than most in your organization has in their entire hereditary line! Thank God for the likes of Gary Aguirre, a man who I would love to shake his hand and offer him my sincerest heartfelt thanks!

No, my lovable SEC attorneys in question, it is not your stupidity alone that has caused this problem. In the long run, it was your combined greed, corruption and ultimately stupidity that permitted this international crisis to develop. After all, the ongoing perpetrators of this galactic-level scam on the American investor was thought to have an unlimited piggy bank so the little problem of the “few” criminals’ acts of corruption would never be a real problem, right? Sorry. The pigs at the trough only increased in numbers, expanding to organized crime, drug lords, terrorists, demanding ever-more protection and stealing ever-more money. Of course, you could never say no because not only were the rewards so alluring, but your complicity gave the bad guys control over you by merely alluding to the threat of public exposure - your worst fear! God forbid if the American people really learn how you have participated in screwing them and causing them severe hardships. It could lead to revolution and you might even end up like Musolini, hanging dead in some city square, enraged people pummeling on your dead and broken bodies with sticks and stones. I better not go on, I am getting ideas.

Do you realize the extent of the damage that your group has done? You have permitted the theft of tens, if not hundreds of trillions in wealth from Americans and others, causing homelessness, hunger, despair and more. Right now, as these hearings are to be held, the criminals are increasing their efforts by 10-fold. How much money was diverted to the terrorists that was used in attacks on our citizens, our allies, our brave troops, our very nation. Do you even care? You have been an necessary link in the chain of corruption that if not provided, the scams COULD NOT have existed. Congratulations. You have really done your part. If the politicians and the courts had any real balls, they would not only disband your group of merry men, force you all to refund your salaries and toss you in jail, but we jailers would conveniently drop the key off of a boat floating over the Marianas Trench to be lost forever! You know, I respect the mob to a certain degree for they generally represent themselves as who they are and I know with that, I expect a good working over. Your little band of sell-outs are another story. We placed in your hands the future of the nation and you not only went to sleep, but participated in the looting. You breached the public trust to a degree that has nearly sunk the boat. You pretended to be the good guys, we even paid you over-bloated salaries, only in find out that you were in bed with the criminals all along. The fate of Musoili? Far too good a destiny for the likes of you.

So, let’s return to the elimination of the Grandfather Clause from RegSHO. Should it be eliminated? Should the naked shorters have to cover their illegal counterfeit sales? NO KIDDING! In case you fell asleep during constitutional and criminal law classes, to permit past naked shorting to stand as valid shares would be not only be putting the government’s rubber stamp of approval on counterfeiting, but it violates the Constitution’s Inverse Condemnation/Takings Clause, the Contracts Clause, Fundamental Fairness of the Due Process Clause and a host of others. To validate the past naked shorting with permitting the Grandfather Clause to stand would be like having 9 other fraudulent sellers give fake deeds to my house only to have the government validate them and tell me I now only own 1/10th of my house! There is zero difference.

Please do not respond in thought or otherwise that the criminals somehow need naked shorting to make a market. Do all the other nations in the world permit this unconscionable and illegal practice? Is the lack of relentless naked shorting create some inability or impediment to those foreign market makers and brokers (many are the same as ours - living by a double standard of practice) ability to make a market? The answer is obvious and it is one you have conveniently ignored to the point of our devastation.

So, where do we go from here? Are you going to allow America to be further decimated or are you going to finally split from your “associates” and do your jobs? If you do, there will be a modicum of hope for America’s recovery. Rest assured, if you don’t, there will be trouble coming your way in the future that makes the current heat you are feeling look like and ice cube. My advice, decide wisely.

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/12/2007 6:32 PM

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Universal Express' Response to First Call

NEW YORK, Feb 12, 2007 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP), today responded to First Call's removal of a posted and announced recommendation and target price from its report on USXP.
"The depth of corruption insidious in this naked short selling scandal has just exposed itself once again. Are market makers, brokers or hedge funds short this stock in excess of 20 times its outstanding shares now afraid of free speech and free analyst opinions? Why a removal without an explanation? Damages and malfeasance towards our Company and its shareholders will always be defended by our Company," stated Richard A. Altomare, President and CEO of Universal Express, Inc.

"The facts remain simple. An analyst report summary appears from First Call on its website. We verify and we announce. Then two days later the recommendation and target price mysteriously disappears from the report with the cryptic comment 'No analyst consensus'," continued Mr. Altomare.

"Who couldn't afford or allow to have Universal Express' future stock price evaluated and grow? Was it selected brokers, market makers and other Wall Street interests who wallow their gluttony through the naked shorting scandal at the expense of ordinary investors? Was it conflicted persons at a regulatory agency? Was it related to our long-term public position on the naked short selling scandal and against those responsible for naked short selling, being permitted in America to rob the middle class of the value of their investments while ruining thousands of public companies for more than ten years?" concluded Mr. Altomare.

"Universal Express will meet with its attorneys to commence appropriate litigation against First Call," stated Chris G. Gunderson, General Counsel of Universal Express.

"There appears to have been a great wrong perpetrated against our Company ranging from the gross and reckless negligence of First Call to a possible deliberate attempt to harm our Company by insidious interests."

"Universal Express has received more than $700 Million in jury awards against naked shorters and is not afraid to defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and our ultimate success will right these wrongs with a judgment of appropriate valuation," concluded Mr. Gunderson.

About Universal Express

Universal Express, Inc. is a 23 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/13/2007 8:15 PM

Bud, you may put this on your blog if you'd like . I just wanted you to review it and give your opinion as to its authenticity.

hmmm
MARC RICH and Others---FINGERED BY A LETTER
2/28/01 by Sherman H. Skolnick

The monopoly press reportedly is interested in a strange letter that has surfaced. It names specific persons and events and it relates to the apparent murder of Clinton White House Deputy Counsel Vincent W. Foster, Jr., July, 1993, the manipulation of the gold markets by Marc Rich in combination with large financial forces, as well as tied to huge illicit funds money laundered by the Bush family in combination with Bill Clinton as their little-publicized crony and confederate.

In the letter, our editorial comments to update those who might not be knowledgeable are in brackets. Visit our website story for more details on the how and why murder of Foster, "Greenspan Aids and Bribes Bush Family".

THE LETTER, verbatim as received

22nd day of January, 2001 A.D. To U.S. President George W. Bush U.S. Vice President Richard (Dick) Cheney U.S. Attorney General Janet Reno U.S. Deputy Attorney General Eric Holder U.S. Federal Judge David L. Russell U.S. White House Counsel Bernie Nausbaum [Clinton White House] Estate/U.S. W/H Deputy Counsel Vince Foster, Jr. U.S. DoJ Attorney- John Russell S.E.C. Chairman, Arthur Levitt Dresdner Banque, COB, Bernhard Walter Deutche Banque AG, COB, Rolf-Ernst Brewer Georgio Bomio, Esquire Central Authority for U.S. Requests Division of International Legal Assistance Federal Office For Police Matters Bundesrain 20, 3003 Bern, Switzerland Credit Suite, COB Guy Studor, et al Former Director/FBI William Sessions [who was sacked on flimsy grounds the day before Foster was murdered] SAC Bill Lecates SAC Glen Speedy SAC Jeb McGruder SAC Gary Small [followed by bracket, identifying them] Section V [asterisk after Speedy identifying him as]U.S. Secret Service, Nashville, TN, USA U.S. DoJ C.L. Ford, Esq. cc Frank B. Ingram (FBI SA 32 NY) U.S. Dept. of the Treasury/U.S. Custom Service Rick Reynolds (S.E. Asia ops SA 233 MS) U.S. Dept. of the Treasury/U.S. Customs Service _____________[name left out]/(S-31-IANO) U.S. Dept. of the Treasury Office of Internal Affairs/Sector V-New Orleans FROM Ambassador Leo E. Wanta/Stillpoint.ops Diplomatic Passport No. 04362 & 12535 Ministry of Foreign Affairs

IN THE MATTER OF (A) MARC RICH- Visit in Lausanne, Switzerland at Hotel Au Lac with Ms Lorrayne Fine (1) of L.H. Financial(Tel Aviv & Johannesburg, SA); (2) of Ameritrust Corporation (USA) as Corporate Secretary & Account Signatorie at Credit Suisse, Lausanne, Switzerland; (3) of Ameritrust (Suisse) Societe as Director and Corporate Co-Ordinator with Suisse Banque- as to Private Contract between Humewood Enterprises (London & Dublin) and Ameritrust Corporation (USA) for Prime Banque Guartanees (PABag/icc 400/500/600)- Aggregate Amount of US Dollars Five Trillion with rollovers and extensions- as authorized by U.S. Government entities-and International Banking Groupe, et al.--

Marc Rich at Hotel Au Ladc Lausanne further discussed the scheduled meeting with Deputy White House Counsel Vincent Foster, Jr. on 07 July 1993, as to (1) Children's Defense Fund "set-aside" allocations of US Dollars Two Hundred and Fifty Million (US $ 250,000,000.00), through Credit Suisse Banque, Agent for Ameritrust Corporation (USA); [see our website story, New/Old White House Gang] (2) Suisse newlly-organized "AmeriTrust (Suisse) Societe" to meet Suisse Tax Regulations, as to PBG transactions as authorized under Title 18 USA Sec.6/USG Proprietary Corporations- and endorsed through USGovt entities. (3) New lodging at Hotel de la Pax, Geneva for (07 July 1993) (A) Vince Foster Groupe (B) Frank B. Ingram (SA 32 NV) (C) Rick Reynolds (SA 233 MS) (D) Consul General Giovanni Ferro (E) Italia Judge Pierre Liugi (F) Italia Secret Police Erika Ruffo (G) Somalia President Haji Mohammed Hashi Haile of Mogedishij, et al (H) Ms Lorrayne Fine (Mossad) and her daughter from Johannesburg SA (I) Banque Paribas Vice Chairman, Antonio Salvatorie, et al.

When U.S. Treasury Rick Reynolds observed Marc Rich on Lorrayne's Hotel Patio; no one was certain that Lorrayne had advised him of Reynolds/Ingram/Wanta planned attempts to travel by Laussane boat ferry across to French Casino, 45 minutes across Lake- with L. Fine, g. Ferro, Fine's daughter, L. Wanta, et al.

Please Note FBI Director William Sessions had authorized this groupe to take Marc Rich, if and when, he was out of Switzerland for "tax evasion". Bill Lecates also authorized F.B. Ingram to take down Marc Rich if the opportunity came available. [Editorial note President Clinton by unceremoniously sacking Sessions, the day before the later Foster murder, put a stop to FBI Director William Sessions' elite unit investigating high criminal offenses by both Clinton, former President George Herbert Walker Bush and his sons Neil, Jeb, and George W., little-known business cronies of Clinton, as well as other top-level criminals jointly with Bush/Clinton gang. The gang included Clinton White House Senior Advisor Rahm Emanuel, who is also reportedly Acting Deputy Station Chief for North America of Israeli Intelligence, The Mossad, of which Ms Fine ostensibly was an operative. Rahm, now a Managing Director in Chicago of reputed worldwide money laundry operation Wasserstein Perella & Co., specializing in laundering huge funds through the Chicago markets for the Red Chinese and the Red Chinese Secret Police. See our previous website stories.]

Our U.S. Groupe (Intel) was also involved in the T.A. Trace Analysis Lab in Morges, Switzerland (Dr. John Lutz) as to Bulgaria delivery of Red Mercury 20/20 to Iraq via Trieste Port. Israeli Zvi Margelit, et al., were also delivering RM 2020 to Iraqi Military via this travel plan & Andras Szasze et al. (See Thieves World, by Claire Sterling, Simon & Shuster, NY-1994 release) [Editorial note Sterling, a CIA front operative, unfairly condemns Leo E. Wanta in her book, yet Wanta played a key role in wrecking the Soviet government in the Soviet Ruble caper of 1990 which is highly detailed in that book. Also note Red Mercury is the ingredient in "suitcase" nuclear devices that can be carried around by terrorists. ABC Network high-paid propagandist, Barbara Walters, has reportedly been a sizeable stockholder in Israeli weapons manufacturers that apparently sell diabolical weapons to all comers, Red Chinese, terrorist organizations, and such. As we have pointed out in some of our website stories, ABC News has received the CIA subsidy, since 1988-89, once had by CBS News, for ABC News to run their foreign bureaus as a vacuum pump of intelligence data for the American CIA.]

It was not known in July, 1993, that Suisse Surete, Interp[ol, et al., was aware of our intel to take down Marc Rich- until Suisse Surete arrested Somali Ambassador Leo Wanta for failure to pay alleged, and bogus, Wisconsin Tax Assessments for 1982 and 1988-thus the Sessions arrest warrants for Marc Rich were illegally discovered- and I believe resolved in the murder of (1) Vince Foster (Washington, DC, USA) (2) Freddie Woodruff (Tbilisi, Georgia) [An American CIA official] (3) J.J. Smith (Mexico City) (4) Lino Burys (Hong Kong) (5) etc., etc. (AA) Further, Ms.Fine was aware of the oil activities of Commerce Secretaary Ron Brown, Energy Secretary Hazel O'Leary, Somali Ambassador Wanta as to Operation Restore Hope, 90 Million Barrels of Saudi light crude oil as bid contracted to Marvelous Investments Limited Hong Kong-as assigned to- White Cloud Petroleum Corporation (Delaware) c/o Bank of New York for Delivery to Houston, Texas, USA [White Cloud was/is reportedly owned by the George Herbert Walker Bush Family] (BB) Purchase of Ciga Hotels and properties- (CC) Purchase of Credito Italiano Bank et al., (DD) Rome American Hospital (Roma) facilities, (EE) U.S. Treasury Note Procuremejnt/delivery via London Treaty Porivisons in favour of AmeriTrust Corporation (USA), Marvelous Investments, Ltd. (HK/BVI), New Republic/USA Financial Group, Ltd.Gesellschaft of Wien, Austria-Europa [Vienna, Austria] (FF) Certain forex currency transactions as authorized under 18 USC Sec. 6 et al. (GG) Certain Suisse & European Property purchases, as well as other European trade companies/societes-

Our intel and related corporate documentary evidence and exhibits are readily available to interested parties; on a "need to know basis", due to the sensitivity involved. Respectfully submitted under penalty of perjury, Ambassador Leo E. Wanta DPP #04362 & 12535 22 Jan 2001 AD. Approved by /s/ Rich Reynolds, Rick Reynolds (SA 233 MS) U.S. Dept. of the Treasury /s/ Frank B. Ingram Frank B. Ingram (SA 32 NV) U.S. Dept. of the Treasury.

[Editorial notes The exposure widely of the details in this letter would tend to expose the Bank of England together with a Wall Street cabal including Goldman Sachs & Co., implicated in forcing down the price of Gold so as to attempt to save certain huge hedge funds borrowing hundreds of billions of dollars on what is known as "gold carry" or "gold carriage" arrangements. That is, a low price of gold, below the cost of production of the most efficient mines, enables certain huge speculators to borrow tremendous funds for as a little as one per cent. A party to this huge Price-Fixing Fraud has been Alan Greenspan as the head of the conspiratorial Federal Reserve masquerading as a "U.S. Government" entity when it is a private-owned, private run group of alleged banks issuing paper money masquerading as the "U.S. Dollar".

As to the contents of the letter and what is involved, both Time Magazine and Newsweek Magazine are aware of it as is ABC and CBS News. ABC and CBS have a severe hang-up conflict of interest because of the Israeli-"Red Mercury" nuclear suitcase bomb matters involved. Newsweek is owned and operated by the British who have a substantial interest in covering up these matters to protect huge British interests, including the Bank of England and others. Newsweek's Michael Isikoff who is reportedly aware of the letter is a reputed asset of The Mossad, Israeli Intelligence, going back to the time he helped kill stories reportedly, as part of Newsweek's sister publication the Washington Post. ABC is a proprietary operation linked to the American CIA which subsidizes, for intelligence gathering and spying, ABC News' foreign bureaus. ABC as earlier mentioned has Barbara Walters with a substantial interest to reportedly kill any story about the letter because of her reputed financial linkage with sizeable Israeli weapons manufacturers and "Red Mercury". As we have discussed in other items on our website, Foster ran a secretive "Gold Bank" in the Caribbean for intelligence agencies and together with his sidekick, Hillary Rodham Clinton, worked worldwide money laundry deals based on smuggled gold bullion. Any mass media admission that they lied to us about the death of Foster, earlier claiming it was "suicide" when they knew all along it was murder, would inevitably bring up the smuggled gold matter as well as the gold Price-Fixing matter. See our website item about the Roger D'Onofrio Affair, as discussed by foreign wire service bureaus, early December, 1995; involved jointly criminal activities of the Vatican Bank once headed by Bishop Paul Marcinkus originally from the Chicago-area mafia enclave of Cicero and their First National Bank of Cicero, later re-named several times. See our website story about the Giannini Family.

To silence Wanta, he was framed with the connivance of Tommy Thompson when he was Governor of Wisconsin and part of the CIA's reputed operation Children's Defense Fund. See our website story, Old/New White House Gang. Tommy Thompson is now part of the cabinet of alleged "President" George W. Bush, who some consider to be an "imposter" President. The oil-soaked, spy-riddled monopoly press has a lot to lose by dealing with the different situations in the letter.

The liars and paid dates of the press have not even begun to tell us the details of the massive worldwide fraud and murders implicated with protected espionage agency darling MARC RICH.

More coming. Stay tuned.

Since 1958, Mr.Skolnick has been a court reformer. Since 1963, founder/chairman, Citizen's Committee to Clean Up the Courts, disclosing certain instances of judicial and other bribery and political murders. Since 1991 a regular panelist, and since 1995, moderator/producer, of one-hour,weekly public access Cable TV Show, "Broadsides", Cablecast on Channel 21, 9 p.m. each Monday in Chicago. For a heavy packet of printed stories, send $5.00 [U.S. funds] and a stamped, self-addressed business sized envelope [4-1/4 x 9-1/2 #10 size] WITH THREE STAMPS ON IT, to Citizen's Committee to Clean Up the Courts, Sherman H. Skolnick, Chairman, 9800 South Oglesby Ave., Chicago IL 60617-4870. Office, 7 days, 8 a.m. to midnight, (773) 375-5741 [PLEASE, no "just routine calls]. Before sending FAX, call.

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Comment: Sean, If you really want a read, get "The Empress Project" by Dr. Richard Little. It is the thinly veiled real story of our Senator from New York.

Re: Bill to Abolish the Federal Reserve Bank from 2003?

By Sean on 2/14/2007 4:17 PM

Scammers BEWARE !!! Disgruntled investor, duct tapes CEO, CFO, PR guy, and one other to the office chairs, and shoots them, execution style....
company below...
http://www.zigzag.net/

http://www.watsoninternational.com/

http://edition.cnn.com/2007/US/02/13/philly.shooting.ap/

'Say your prayers,' shooter told victims
POSTED: 0258 GMT (1058 HKT), February 13, 2007
Story Highlights• NEW: Gunman told victims: 'Say your prayers,' police say
• Three slain before gunman took own life over soured business deal
• Shootings occurred at Zigzag Net, Inc., at old Philadelphia Navy Yard
• Two of the victims were brothers

Adjust font size:
PHILADELPHIA, Pennsylvania (AP) -- An investor who killed three people and himself at a marketing company was upset about losing money in a failed real-estate venture and told his victims to "say your prayers" before he opened fire, police said Tuesday.

Vincent Dortch, 44, brought two handguns to an investors meeting Monday that he had organized under the pretense that he had another investor who wanted in on the venture, authorities said.

Minutes after the meeting started, he told the group, "You have a minute or two to say your prayers," police Inspector Joseph Fox said.

Dortch forced one of two other investors to bind four other men with duct tape, then assured the two investors that he did not have a problem with them.

The two investors apparently were allowed to leave the room, and Dortch opened fire, hitting the four bound men, police said. Dortch then said, "I have to finish this job," and shot three of the men again in the head at point-blank range, Fox said.

He may have deliberately spared the fourth man's life, Fox said. The wounded man, Patrick Sweeney, 31, of Maple Shade, New Jersey, was listed in critical conditon.

Sweeney, despite being bound and shot several times, freed his hand enough to splice together wires from a phone Dortch had yanked from the wall, and managed to call 911, Fox said.

Police found a scene of "utter chaos" in the offices of Zigzag Net Inc., Deputy Police Commissioner Richard Ross said. (Watch police work the crime scene )

Police and Dortch exchanged fire, and then he put a gun to his temple and killed himself, Fox said.

Two victims were found on the floor, and another was in a chair, all with "wounds to various parts of the body," Ross said.

Police identified the dead men as Robert Norris, 41, of Newark, Delaware; his brother Mark Norris, 46, of Pilesgrove, New Jersey; and James Reif, 42, of Endicott, New York.

Police said the two surviving investors told them they had talked Dortsch out of driving to New York state, where he planned to shoot another person.

The shootings took place in the offices of a marketing company, Zigzag Net Inc., located in the former Philadelphia Navy Yard.

Mark Norris was president and chief executive of Zigzag. Sweeney is Zigzag's human resources manager. Dortch's dispute involved an apparent start-up company called Watson International. Police said the dead men were executives in the start-up.

Watson International had been seeking investors to turn a former IBM conference center in Binghamton, New York, into "a world-class entertainment and banquet facility," according to its Web site. A phone number listed on the Web site was disconnected.

Dortch claimed he and the two other investors at the meeting had lost money on the venture, perhaps as much as $500,000 combined, police said.

Fox said investigators had not yet determined if that was true.

The Web site lists Robert Norris as vice president of business development. His wife, Patricia, on Tuesday declined to answer questions about the meeting or comment on the shootings.

Mark Norris and Robert Norris are brothers, said Aaron Haydn McLean, Zigzag's senior art director. Reif was also affiliated with Watson International, McLean said.

Zigzag has about 15 employees, said McLean, who has worked there for about five years.

The old Philadelphia Navy Yard was one of the Navy's busiest shipbuilders during World War II but closed in 1995.

Two years later, a private company, Kvaerner, resumed commercial shipbuilding in a portion of the shipyard, which is now known as Aker Shipyard. Other areas of the Navy facility have been converted to business and office use.

" When you owe the bank $10,000, YOU worry. When you owe the bank $1,000,000, THEY worry "