click here for PART ONE

BIGGEST LIE OF THE MILLENIUM

[excerpted from an article by Richard Stevenson from the THE NEW YORK TIMES]

"[...] In explaining its action, the Fed emphasized a concern that Alan Greenspan, the central bank's chairman, has stressed repeatedly in recent months: that the nation is LITERALLY RUNNING OUT OF WORKERS [...]."

ALAN GREENSPAN tells us on NATIONAL TELEVISION & Radio that the U.S. Immigration Quotas need to be "UNCAPPED"

Never-failing, ever-soaring, high-flying, hi-techs

April 11, 2000 --- THUS SPEAKS ALAN GREENSPAN ("Zarathustra")

[...]

"U.S. businesses and workers appear to have benefited more from these recent developments than their counterparts in Europe or Japan. Of course, those countries have also participated in this wave of invention and innovation, but they appear to have been slower to exploit it. [editor's note: yeah, they pay their workers enough to raise a family with only one parent working, and they have a national health care program for each and every Japanese and/or Western European citizen].

The relatively inflexible [i.e. not prone to passively bend over and take it in the ... you-know-what!] ... and, hence, more costly labor markets of these economies are a significant part of the explanation. Businesses in Europe and Japan face higher costs of displacing workers [they can't legally just throw them to the wolves like here in the USA] and reallocating labor to more productive uses [working at minimum wage in food service industries in America, always looking behind your back because an illegal immigrant will work at fast food for EVEN UNDER the minimum wage, ... and our government is doing nary a rat's ass of law enforcement against this escalating illegal hiring practice]. Because the high rates of return offered by the newer technologies are largely the result of a reduction in labor costs per unit of output, the rates of return on investment in the same new technologies are correspondingly less there than in the United States. [their governments in Europe and Japan do not conspire with the high finance speculators against the wages and pensions of their workers and citizens]. In the United States, labor displacement and reallocation are more readily countenanced both by law and by culture. [in other words, we Americans are reduced to a status beneath the Mexican indentured servant and the ancient Egyptian slaves]. Because our costs of dismissing workers are lower, the potential costs of hiring and the risks associated with expanding employment are less. [feel good and fire your staff and then get corporate welfare!] The seeming result of significantly higher job dismissals has been, COUNTERINTUITIVELY, a dramatic decline in the U.S. unemployment rate in recent years.

Remarks by Chairman Alan Greenspan, Economic challenges in the new century, Before the Annual Conference of the National Community Reinvestment Coalition, Washington, D.C. March 22, 2000

on CRA

"[...] No doubt, many of you are here this morning because of your long-standing interest in the Federal Reserve's implementation of the Community Reinvestment Act (CRA). However, because we are now in the final stages of drafting regulations on the Sunshine Provisions of the Gramm-Leach-Bliley Act, I am prohibited from commenting at this time.

[...] How did we arrive at such a fascinating and, to some, unsettling point in history? While the process of innovation, of course, is never-ending, the development of the transistor after World War II appears in retrospect to have initiated a special wave of innovative synergies. It brought us the microprocessor, the computer, satellites, and the joining of laser and fiber-optic technologies.

[...] Indeed, the CRA data on small business lending show that institutions located outside the local community are an important source of credit for many businesses.

from "Pound: Poet as SCULPTOR",

by Donald Davie

Even though Ezra Pound seldom denounced military excesses, he didn't hold his tongue on bank abuses: "To create money out of nothing, in excess of natural wealth, to buy and sell money, to set money chasing after money -- this is the way of the MOLDER and the BRICKMAKER, not the way of the STONEMASON and PLOUGHMAN. And this is what Pound means by USURA"

from

"AMERICA: WHAT WENT WRONG?"
by Donald L. Barlett and James B. Steele,

"[...] Documents filed with the Pension Benefit Guaranty Corporation [PBGC] show that ... Public Pension Systems across the country are reaping billions of dollars ... to make matters worse for ... workers, the raid on their pension plan was followed in later years by plant closings and the elimination of their jobs.

Public pension systems across the country are reaping billions of dollars doing the same thing that the Oregon Public Employees Retirement System did. They invest in corporations and then encourage restructuring or other business decisions that lead to curtailed pension benefits for workers in those corporations, the elimination of jobs, or both.

[...] A generation ago, this would not have been possible ... with this has come a newfound power to influence corporate America. Indeed, the private and public-employee pension funds together represent the LARGEST, UNREGULATED, UNTAXED, pools of capital in the nation.

[...] Payment of so-called DEFINED-BENEFIT pensions is guaranteed by the Pension Benefit Guaranty Corporation, a

quasi-federal agency.

If a company reneges on its pension commitments, the PBGC issues the monthly pension checks to retired workers. That is not the case with annuity contracts.

Annuities are NOT guaranteed by the PBGC or any other governmental agency.

For this, you can thank Congress, which wrote the rule book in such a way as to permit companies to terminate a pension plan, buy annuities for its workers that will pay the accrued benefits, and keep for themselves whatever accumulated money is not needed to pay for the annuities. It did NOT require them to guarantee, or insure, the annuities.

[...] Of course, MORE THAN HALF of all workers are employed by companies with NO PENSION PLAN at all. But that's another matter."


click here for a real eye popper on T-BILLS, and how they are used by the FED RESERVE as FRNs solely as DEBT INSTRUMENTS!

JFK thought he knew the difference only too well between the Treasury and the Federal Reserve, and he gave even more one helluva fight than even your old narrator here, EZRA POUND! In fact, some say he was assasinated for this, and that also former Sen. McFadden died suddenly after his 25 minute Congressional on-the-floor vituperation directly against the Federal Reserve! He had been Chairman of the Banking and Currency Committee and couldn't live with himself and his lies anymore!

Click here on GOLD [below] to see just what measures JFK took to find a balance between the US Treasury and the Federal Reserve, going back in historical divisiveness, and conflict, to disagreements and disputes between Alexander Hamilton and John Adams.

GOLD

from the New York Times article by Stephen Labaton

"Long Standing Dispute Between the Treasury Department and the Federal Reserve"

[...] Mr. Summers and other Administration officials criticized the legislation today for failing to provide privacy protections for consumers and for heavily diluting the Community Reinvestment Act [CRA]. That 1977 law encourages banks and savings associations to make loans to minorities, farmers, inner city residents and others who have been historically denied access to credit.

The Republican compromise also left open a long standing dispute between the Treasury Department and the Federal Reserve about WHICH would have regulatory primacy over many of the nation's banks.

[...] The measure announced today continues to favor the Federal Reserve as the top regulatory agency.

[...] said Sen. Charles E. Schumer (Dem., NY) "It's now quite clear that the banking bill will be made or broken on the Community Reinvestment Act [CRA]."

[...] the legislation ... does not prevent affiliates of the same corporation from sharing [confidential] CUSTOMER INFORMATION. So, for example, an INSURER would be able to give confidential customer information to a BANK if the two companies are affiliated [which is quite rampant today]."

Here are some insightful excerpts from Mr. Mullin's book that are quite applicable to recent developments. It was by and large Mr. Mullin's efforts that emancipated EZRA POUND from the St. Elizabeth's Hospital, Federal prison term:

Rivalries between Treasuries and Holding Companies, or Reserves. CLICK HERE NOW !!!

UNISYS UNISYS !!!

click here for COHEN MILSTEIN HAUSFELD & TOLL class action lawsuit on behalf of defrauded investors, against UNISYS, for flagrant SEC fraud

UNISYS also in a class action suit, brought on by angry engineers, who were laid off willy nilly a few years ago, for reaching the decrepit age of 35!!! This mob of fired engineers is crying for justice!

UNISYS defended in court by Epstein Becker & Green

Perdue Sued for ERISA Wage and Hour Violations Against Chicken Processing Employees -- class action!

EPSTEIN BECKER GREEN are specialists at Erisa pro-business TOP HAT laws that discriminate against working stiffs like you and me! If you are a fat-cat, give them a call!!

In Rodolico v. Unisys Corp., CV 95-3653 (ADS), the employer was sued over the layoff of 232 unionized engineers. The plaintiffs allege that there was age discrimination in the selection of engineers to be laid off. The collective bargaining agreement between Unisys and its engineers was negotiated by the company and Local 444 of the Engineers Union. The bargaining agreement created a seniority system within Unisys, and called for a distribution of layoffs between three tiers of seniority, with one senior engineer being laid off for every two middle-level engineers and every three junior engineers. The laid-off engineers say that decision-making in connection with the forced reduction violated the Age Discrimination in Employment Act (ADEA) and the state Human Rights Law.