If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)
Now I just happen to wonder who is left to pick up the tab
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”
“It is well enough that 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”
“I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man that controls Britain’s money supply controls the British Empire, and I control the British money supply”
– Baron Nathan Mayer Rothschild
1 Recall The Bailout, 2 Remove The Corrupt Politicians, 3 Pay NO Taxes Until 1&2 Are Completed!! Follow Iceland!! « Political Vel Craft
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger.
Iceland Continues To Grow Using ‘Startups’ By Replacing ‘Banks’: Iceland Refused To Bailout Rothschild’s Corrupt Banking Cabal.
Executives At Collapsed Iceland Bank Jailed For Fraud.
Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population.
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.” – Thomas Jefferson
The island’s steps to resurrect itself since 2008, when its banks defaulted on $85 billion, are proving effective. Iceland’s economy will this year outgrow the euro area and the developed world on average, the Organization for Economic Cooperation and Development estimates.
Iceland’s approach to dealing with the meltdown has put the needs of its population ahead of the markets at every turn. Once it became clear back in October 2008 that the island’s banks were beyond saving, the government stepped in, ring-fenced the domestic accounts, and left international creditors in the lurch. The central bank imposed capital controls to halt the ensuing sell-off of the krona and new state-controlled banks were created from the remnants of the lenders that failed.
“Europe can learn from Iceland”
Iceland’s special prosecutor has said it may indict as many as 90 people, while more than 200, including the former chief executives at the three biggest banks, face criminal charges. That compares with the U.S., where no top bank executives have faced criminal prosecution for their roles in the subprime mortgage meltdown. The Securities and Exchange Commission said last year it had sanctioned 39 senior officers for conduct related to the housing market meltdown.
History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance. – James Madison
In case you haven’t been paying attention: The presidential election is shaping up to be very, very, very close. The scenarios are mind-boggling. One possibility: Mitt Romney could win the popular vote but lose what counts: the electoral college. It would be fitting revenge for Democrats still angry about the Bush-Gore debacle from 2000. The opposite could also occur: Obama, popular in voter-rich California, New York, and Illinois, could win the most votes but be edged out in the electoral college.
Perhaps the craziest of all is the possibility of Romney and Biden winning. You heard that right: a Romney-Biden administration. Imagine, if you will, that Obama and Romney wind up with an electoral college tie of 269-269 (a very slim possibility). It takes 270 to win. So what happens?
The House of Representatives decides. Under Article 12 of the Constitution, each state gets one vote, according to which party dominates that state’s House delegation. There are more Democrats in California’s House delegation, and more Republicans in Texas’, for example. And so forth.Since more state delegations in the House are controlled by Republicans, there’s no question who they’d award the presidency to: Mitt Romney.
But the VP would be picked by the Senate. And the Senate is controlled — and is likely to be controlled after election day — by the Democrats. Who would they vote for? You guessed it: Joe Biden.
Bizarre (or hilarious) as that would be, it would hardly be unprecedented. The election of 1800 was equally screwy, and the contests of 1824 and 1876 were also ones for the books. All three make the 2000 mess seem almost like a picnic. Judge for yourself:
In the early days of the republic, electors each cast not one, but two electoral votes for president. Adding to the confusion: There was no such thing as “election day” as we know it now. States voted whenever they felt like it over a period running from April to October. It was a long, drawn-out, and often confusing process.
The republic was just 24 years old when Thomas Jefferson and Aaron Burr squared off against President John Adams and Charles Pickney. Yet electors gave both Jefferson and Burr — who were on the same ticket — 73 electoral votes apiece. Adams got 65, and Pickney 64.
So what do you do in the event of a tie? The Constitution said the House of Representatives would decide. Since Jefferson and Burr got the most electoral votes, the former running mates suddenly became rivals. Voting went on for days, with ballot after ballot. Finally, after 36 ballots, the tie was broken: Thomas Jefferson was declared the president-elect. Aaron Burr was declared vice president. But Jefferson, at this point, didn’t trust Burr and gave him nothing to do.
In an unrelated matter, by the way, Burr later shot and killed Alexander Hamilton, the first Treasury secretary, in a duel.
1824: John Quincy Adams vs. Andrew Jackson
Jackson (you know him from the $20 bill) crushed John Quincy Adams, the son of our second president, John Adams, in both the popular vote (41 percent to 31 percent) and in the electoral college (99 to 84). Yet Adams won. How could Adams lose both the popular vote and electoral college yet win the White House?
Unfortunately for “Old Hickory,” as Jackson was known, there were two other men on the presidential ballot in 1824: William Crawford of Georgia, who received 41 electoral votes, and Henry Clay of Kentucky, who got 37. Because the four men received a combined 271 electoral votes, Jackson had a plurality but not a majority. He needed 136, but had only 99.
Once again, it was up to the House. Because the 12th Amendment to the Constitution said that only the top three presidential candidates could be considered, Clay was out. He threw his support to Adams, and on Feb. 9, 1825, the House gave Adams 138 electoral votes. John Quincy Adams — loser of both the popular vote and, at first, the electoral college — would become the sixth president of the United States.
Now, a story like this can’t be told without a little dirt. After all, it’s presidential politics. Just before the results of the House election became public, an anonymous letter appeared in a Philadelphia newspaper. Said to be from a member of Congress, it accused Clay of selling his support to Adams if Adams made Clay secretary of State. Jackson and his supporters were outraged over what they called “the corrupt bargain.”
Clay did indeed become secretary of State in the Adams administration.
This is also a cautionary tale. You’ve got to be careful what you wish for. John Quincy Adams hated being president. He called it the “four most miserable years of my life.” One reason: He was hounded at every turn by Jackson and his supporters. In 1828, both would clash again when Adams sought re-election. This time, Jackson got his revenge, crushing Adams in both the popular vote and winning a majority of the electoral college. Adams later spent 17 years in Congress — the only president to do so after leaving the White House.
1876: Samuel Tilden vs. Rutherford Hayes
It happened again: A candidate lost after getting the most popular votes and the most electoral votes on election day.
In addition to snagging 51 percent of the popular vote, New York Gov. Samuel Tilden (D) won 184 electoral votes — one short of winning the White House. His rival, Ohio Gov. Rutherford B. Hayes (R), won just 48 percent of the vote and 165 electoral votes. Here’s the catch: Twenty other electoral votes in several states were disputed and went uncounted. The states: Florida, Louisiana, South Carolina and Oregon.
In all three southern states, it looked like Tilden won the popular vote. But there were allegations of fraud (ink-smeared ballots and bribery) and voter intimidation. Chaos ensued. In Florida, for example, the Republicans said they won by 922 votes. Democrats say they did — by 94 votes.
Meantime, in Oregon, both Democrats and Republicans agreed that Hayes won the state. But when the Democratic governor found out one Republican member of the electoral college was a federal worker (a postmaster) and ineligible to serve, he replaced him with a Democrat. The Republican elector promptly resigned his post office job and said that as a private citizen, he would cast his electoral college vote for Hayes.
All four states submitted two sets of electoral vote counts each to Congress, all with different results. To untangle the mess, Congress set up an electoral commission: five members of the House, five members of the Senate, and five Supreme Court Justices.
By the way, there’s absolutely nothing in the Constitution saying this is how an election standoff was to be resolved. After much maneuvering, the commission voted along party lines — 8 to 7 — to award the disputed electoral votes, and the presidency, to Hayes.
But it still wasn’t over. Democrats threatened to filibuster the counting of electoral votes to keep Hayes from winning. In 1877 — just weeks before inauguration day — Democrats gave in, with one big string attached. Republicans must agree, they said, to withdraw all federal troops from the South. This was just a decade after the civil war. The GOP agreed — and thus the Compromise of 1877.
And you thought Bush-Gore was messy…