The global 99% of citizens understand WORLD CENTRAL BANK is a bad policy. Those professional global sweat shop labor pool able to receive any actual income will never see it----it will be electronically deposited, fees, taxes, fines will be deducted, privatized 401K/Social Security will continue to be invested in the worst of investments to send that revenue to the top----as with CLINTON/BUSH/OBAMA. FIXED today in US BANKING SYSTEM will become REALLY FIXED with WORLD CENTRAL BANK. A 0.0009% of 'very smart men' determining the financial flow of global money to get rid of GOVERNMENT interference because politicians are corrupt----REALLY? Who corrupts these 'elected' politicians ----same people programming the BIG DEAD HEAD MATHEMATICAL MODELED FINANCE. It's important to see these MOVING FORWARD policies clearly have a goal of eliminating all national sovereignty and any rights of 99% of citizens as US CITIES DEEMED FOREIGN ECONOMIC ZONES simply become that independent CITY STATE colonial entity----just as Foreign Economic Zones overseas these several decades.
I like this article saying SARBANES OXLEY and regulations tied to that bill needed a super-computer to abide by law when EVERYONE knows there is ABSOLUTELY no ABIDING BY SARBANES OXLEY finance laws---those laws alone if enforced would have sent all global Wall Street bank executives and CFOs to jail.
Obama funded the installation of these super-computers across the nation as part of SMART CITIES and that includes a CITY STATE financial economy controlled by computer models programmed at ONE WORLD WORLD CENTRAL BANK. These super-computers are installed mostly in global IVY LEAGUE universities for MEGA DATA including financial MANIPULATION. Think to where our pensions and retirements are invested NOW with just the start of computer modeling finance---always used as FODDER. Who can afford such computer finance systems? The global 1% installs them---
DID I READ THE GREEKS WERE JOINING TO BUY THEIR OWN SUPER-COMPUTER----REALLY FOLKS! JOIN THE 99% IN FIGHTING FOR CONTROL OF LOCAL ECONOMY.
REMEMBER ----OUR GLOBAL IVY LEAGUE ENDOWMENTS ARE ALMOST TOTALLY DERIVED FROM WALL STREET FRAUD AND THE SUCKING OF LOCAL TAX REVENUE AGAIN INVOLVING FRAUD.
When we hear mega-data in our local policy discussions----this WORLD CENTRAL BANK computer modeled finance is tied into these databases. Info goes in----analysis goes to WORLD CENTRAL BANK----sent back to our US CITIES DEEMED FOREIGN ECONOMIC ZONE. Is that like Baltimore going into bankruptcy and being handed to WORLD BANK/IMF----and never being freed from this capture? ABSOLUTELY.
Supercomputers for Finance: A New Challenge
By Julian FieldenFebruary 29, 2008
According to analyst group IDC, revenue for the overall supercomputing market grew a full 18 percent compared to the same period last year, to reach $3.0 billion in the third quarter of 2007.
Growth of this scale is the result of several factors:
Financial organisations use the power and performance of supercomputers in a variety of ways:
Today, financial organisations are aiming to increase the computational power and performance at their disposal in one of three ways.
Some financial organisations will work directly with universities and colleges to draw on the power and performance of their academic supercomputers.
For example, a financial analysis firm called CD02 has recently teamed-up with The Department of Computing at Surrey University on a three-year bid to look at ways to develop better pricing and risk analysis technology, which will ultimately help banks, hedge funds and investment outfits to trade in a financial instrument called a collateralised debt obligation, or CDO. This project, sponsored by the former DTI, centres on the power of the supercomputer to model huge problem spaces and simulations to explore very complex risk analysis — but is just one of the things the cluster will be used for.
Alternatively, for other financial organisations the supercomputer requirement will be met by new implementations — within their own organisations — using the very latest technology providing maximum power and performance. It generally depends on the types of applications running, but many financial organisations are turning to cluster-based supercomputers using low cost blade servers.
Lastly, for “early supercomputer adopters,” an increase in computational power and performance will not come from new implementations or working in partnership with universities and colleges, but from driving greater efficiencies from existing third and fourth generation supercomputer implementations.
All approaches will demand greater storage capacity and instant storage scalability to keep pace with data generation and ensure storage does not become an innovation bottleneck.
In fact, IDC predicts in 2008 the average worldwide growth for the supercomputing storage market will actually be higher than for servers, about 11 percent. IDC expects the market for HPC storage to reach about $4.8 billion in 2008 (2006: $3.8 billion).
Working directly with universities and colleges aside, implementing a new supercomputer or aiming gain efficiencies from existing supercomputer implementations, is not without problems.
Super Problems
IT managers responsible for supercomputer implementations already operational in financial organisations are often faced with piece-meal implementations created by generations of predecessors each adding their own features and functionality to the overall supercomputer. This can include a mix of hardware, a plethora of in-house developed code running on old operating systems and a selection of proprietary applications and other software.
IT managers are also being held back by the management and structure of their data centres – as it becomes clear that there is not a limitless supply of energy, space and budgets to run an efficient data centre. For example, plugging yet another server into the datacentre is no longer an option for companies operating in Canary Wharf, where companies are facing major difficulties securing extra power.
Although some companies are currently unaffected by power shortages, the cost of powering and cooling a data centre is becoming a pressing concern. A study published by consultancy BroadGroup found that the average energy bill to run a corporate data centre in the UK is about £5.3m per year and will double to £11m over five years.
Data centres capable of hosting a supercomputer must also be able to take heat away from the site – increasingly fewer and fewer buildings can cope. And, most importantly, there is simply no space available in London — our financial capital — for expanding data centres. While there are old factories elsewhere in the country, there are limitations on their use for new facilities.
From a storage perspective, as Moore’s law continues to ramp up processor speed, the storage bottleneck is becoming more pronounced to the end users. In many cases, IT managers have been burdened with conventional storage technologies that require customisation before they can be effectively applied in supercomputing environments. And, even then, it does not mean the technology is fully capable of meeting supercomputing performance, accessibility, capacity and availability requirements.
Finally, as data centre managers look to provide an IT infrastructure that can cost-effectively scale to meet rapidly changing business requirements, they are also evaluating switching and interconnect technology and realising, in many cases, whilst servers and storage may be suitable, the data transport mechanism between each is lagging behind.
Solution
For financial organisations either undertaking a new implementation or aiming to optimise an existing implementation, it is essential to take some precautionary steps:
1. Prepare and plan properly
Financial organisations must analyse and build a plan that considers current and future needs of the supercomputer in terms of power, cooling, space, effects on the environment, costs and management.
Naturally, it is equally important to consider user requirements for the supercomputer, including the need for future scalability and upgrades.
2. Select a qualified integrator
Financial organisations should look for a specialist supercomputer integrator, one that demonstrates grade one credentials in the delivery of a supercomputing project. The following factors should always be taken into consideration:
Understand the customer. Supercomputer integrators must demonstrate a thorough understanding of their customers’ markets. Integrators must be able to understand what customers are trying to achieve, why their research or project is important and why they are trying to do it in that way.
Demonstrate history. As budgets grow and aggregate, customers are more wary and cautious of investment. Customers are looking for integrators with experience, a history and proven track record in delivering supercomputer solutions.
Hardware vendor relationship. In many instances, supercomputer solutions built for customers are firsts, fastest, largest and often unique. Some integrators will ‘play one hardware vendor off against the other’, or propose solutions based on hardware outside of the traditional Tier 1 manufacturers. However, when you’re working on the leading edge, problems can occur so it is essential for customers to know that integrators have a close and long-term relationship with the primary hardware supplier.
The HPC ecosystem. A single IT vendor cannot always supply the whole supercomputer solution – server, storage, interconnect, operating system, applications, etc. Customers therefore need a well connected integrator that can call on existing technology partner relationships to enhance solutions from the primary hardware vendor.
Technology innovation.
Customers look to integrators to provide solutions based on the best technology available. Integrators must therefore react to technology innovation quickly.
Protect the environment. Environmentally conscious customers will be looking for integrators that can meet not just their computing needs, but also their green needs and this means designing more complex solutions; for example using larger numbers of lower powered processors or vastly improved efficiency using virtualisation technology.
3. Make best use of technology
For any financial organisation looking to gain maximum power and performance from a new supercomputer server implementation (cost effectively) they should avoid proprietary hardware, which a manufacturer might choose to drop.
Servers
For server performance, it is also common sense for financial organisations to purchase blade server technology, which can use up to 50 percent less floor space in a data centre and up to 58 percent less energy than traditional servers.
For existing implementations, financial organisations should look for software, such as products from vendor Cluster Resources, that will help drive efficiencies and performance from existing cluster operations.
Software
The software can take full responsibility for scheduling, managing, monitoring and reporting of cluster workloads, maximising job throughput.
Storage
New supercomputers have a pick of storage technologies: RAID (Redundant Array of Inexpensive Disks), SAN (Storage Area Network), NAS (Network Attached Storage), HSM (Hierarchical Storage Management), tape libraries and silos.
Perhaps more important than the choice of storage hardware, financial organisations should introduce a scalable, high performance file system with Information Lifecycle Management (ILM) capabilities, such as IBM’s General Parallel File System (GPFS), to keep up with the demands of real time data processing.
GPFS enables additional storage capacity and performance to be added and operational in minutes with no interruption to users or applications, scaling to multiple petabytes with hundreds of gigabytes per second performance. Once the data has been processed, it can be seamlessly relocated to lower cost storage for archiving, providing the financial organisations with a single easy-to-manage pool of resources.
Interconnect
IT managers should also carefully consider switching and interconnect technology. Currently, an interconnect battle rages between InfiniBand and 10 GigE. IDC expects the use of both of these high-speed interconnect technologies to grow.
A pervasive, low-latency, high-bandwidth interconnect, Infiniband is backed by a steering committee made up of the world’s leading IT vendors, and is expected to win the battle.
Management
There are not many IT departments that have in-depth knowledge and experience of supercomputer systems. Without assistance from external suppliers it can take considerably longer to get equipment up and running, upgrades complete, software in place and systems configured to drive maximum power and performance.
Taking into consideration commercial confidentiality and data security, financial organisations should consider Cluster Management and Support Services — outsourced support operations — which enable financial organisations to focus all available IT department resources on non-cluster related queries and user problems.
Conclusion
Whether your financial organisation is aiming for a new implementation or to drive efficiency from an existing implementation, whether you have legacy problems or a green field site, one thing is certain: financial organisations can use the power and performance of a supercomputer to help deliver the most accurate, comprehensive and actionable intelligence, providing that all important competitive advantage.
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This is indeed to where all disposable income investments are going. When we say an end of US national sovereignty brings an end to US FED and a US Wall Street----this will be the result-----there will be no public stock options in which main street citizens will be allowed to invest...all of those MANDATORY DEDUCTIONS called Social Security and 401K savings accounts will be lumped into one global long-term portfolio calling this 99% CITIZENS' INVESTMENT AND RETIREMENT ACCOUNTS. The money will not exist and the chances of anyone seeing those benefits are next to none. The WORLD CENTRAL BANK COMPUTER MATHEMATICAL MODELING will send monthly statements to where these accounts are in this captured system.
Meanwhile, the global 1% and their 2% have real money-----make real investments-----just as has existed in developed nations for centuries.
While global Wall Street Baltimore Development 'labor and justice' organizations shout for more control in development----they are silent about MOVING FORWARD WORLD CENTRAL BANK and they KNOW that is to where those CLINTON/BUSH/OBAMA pols and players are taking WE THE PEOPLE THE 99%.
The global 1% are doing this to eliminate all that GREED AND PANIC created from massive Wall Street frauds by the same few people creating these frauds......
'Thus we have the classic case of "greed vs. panic."'
The One Super Stock For Everyone's Long-Term Portfolio
Jul.17.17 | About: MasterCard Incorporated (MA)
Mycroft Friedrich
Research analyst, newsletter provider, contrarian, long-term horizon
SummaryMain Street analysis of the company.
Industry analysis going out to 2025.
Capital Appreciation through capital preservation.
Recently I was asked by a client if I had to choose one stock out of the 17,000 stocks that our Friedrich Global Research analyzes (from 36 countries) which one would it be? The answer without a doubt is MasterCard (MA) and the following should explain why.
As a long term investor, the first thing you want to concentrate on is in finding companies that have little in the way of competition or what Warren Buffett calls a "moat" or "toll bridge". The industry that MasterCard operates in has very few players in it (as shown in the illustration below).
In 2016 MasterCard and Visa (V) handled 80% of all purchase transactions using global cards and MasterCard's volume grew 12.7% from the year prior. Visa is another stock that I also own in our client portfolios and even though it handled twice the transaction volume of MasterCard, its numbers (from a free cash flow point of view) are not as attractive as MasterCard's are.
Free cash flow analysis is the most powerful tool that any investor can use in order to get down to the real story behind what is really happening on Main Street. As a free cash flow analyst, 99% of my work is done on Main Street as Main Street is where MasterCard invests in its own operations. How well Ajaypal S. Banga (CEO of MasterCard) and management do in running those operations determines how profitable the company will be. Wall Street then reacts based on the success or failure of management to meet its goals. Main Street and Wall Street are thus interlinked, but because anyone with a computer, an internet connection and a brokerage account can buy or sell any stock at any time, expertise is not a requirement in order to invest on Wall Street. This results in Wall Street being a very dangerous place to operate in as many investors tend to operate through emotion or tend to follow the herd in and out of stocks. During bull markets, investors feel like they can do no wrong as "the rising tide lifts all boats." But when a bear market suddenly shows up, these same investors tend to panic and like lemmings stampede over the cliff. Thus we have the classic case of "greed vs. panic."
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Here is that GLOBAL GREEN TECHNOLOGY drive----ONE WORLD ONE TECHNOLOGY ONE WORLD CENTRAL BANK.... The amount of energy needed for all these global technology transactions drives CLIMATE CHANGE. It is the manufacturing of computer hardware, software, infrastructure cables, batteries, et al over these few decades that has CLIMATE CHANGE SOARING-----and it is MOVING FORWARD SMART CITIES WORLD CENTRAL BANK that expands this same industrialization. As we hear a WORLD BANK CEO tell us he fears for his loved ones and their future in calling for GLOBAL CORPORATE SUSTAINABILITY------FOR THE GLOBAL 1%----we can bet WE THE PEOPLE THE 99% will be busy being thrown in global labor pool to live in Foreign Economic Zones known to become most inhabitable.
The REAL LEFT SOCIAL PROGRESSIVE action is STOPPING GLOBAL CORPORATE CAMPUS development---stop Foreign Economic Zone policies----stop online banking and continuing loss of economic control by our US cities, states, and federal governance.
'Most AI requires massive amounts of computing power and massive amounts of data. While some of that can be shifted from the cloud to devices, especially where latency and secure coverage are essential (autonomous driving), there are still significant limitations for what can be done locally'.
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This is the problem for REAL LEFT SOCIAL PROGRESSIVES and indeed all US 99%-----here we have two candidates Rand Paul and Bernie Sanders one calling himself LIBERTARIAN the other calling himself a left socialist-----BOTH CALLING FOR END THE FED.
As we said yesterday-----someone saying END THE US FED is very likely meaning to end US FED to make way for WORLD CENTRAL BANK. Bernie and Rand Paul are morphing into that far-right wing global corporate campus socialism ----with ONE WORLD ONE GOVERNANCE WORLD CENTRAL BANK. LIBERTARIAN MARXISM. These stances are not REAL RIGHT WING LIBERTARIAN and they are not REAL LEFT SOCIALISM -----the national media is simply pretending that is who these pols are.
We can only END THE FED by growing REAL 99% leaders---from left and right----from our local and state elections. We cannot do that until we FIX ELECTIONS----we cannot FIX ELECTIONS until we GET RID OF GLOBAL WALL STREET POLS AND PLAYERS with rolling protests for weeks and months demanding these 5% global Wall Street players GO.
Jill Stein and the Global Green Corporation Party is END THE FED too----and they are ONE WORLD ONE GOVERNANCE WORLD CENTRAL BANK. Please do not allow another generation of global 1% players capture our politics and governance.
We will end the problems of US FED and US Wall Street with MOVING FORWARD----losing national sovereignty will kill those entities---don't feel badl for those Wall Street CEOs ===they will enfold into global hedge funds and WORLD CENTRAL BANK.
THE BLOG
02/17/2016 09:15 am ET | Updated Feb 17, 2017
Will Bernie Sanders End the Fed?
By Larry Harris Jr.
ASSOCIATED PRESS
While Ron Paul made the Federal Reserve System a topic of conversation during the 2008 presidential cycle, there has not been much talk of the Fed in either the Democrats’ or Republicans’ debates. At one Democratic debate the subject came up and the candidate I’m supporting, Bernie Sanders, said that he supports auditing the Fed. He has also supported Senator Rand Paul’s bills to audit the Fed in the past. He should say more about his ideas for the Fed. The Fed controls inflation — a massive transfer of wealth from the poor and middle class to the wealthy. If Senator Sanders wants to fight against a system rigged against the little guy, he would be wise to spend some time thinking about ending the Fed.
It is no secret among my friends that when I was a performer I performed several times for Occupy Miami. People went to Occupy for their own reasons individually I found — one of the movement’s biggest strengths and weaknesses. I did not agree with everything I heard espoused at Occupy rallies, but one idea that I deeply believe in I heard kicked around many times: it is time to end the Federal Reserve System.
Woodrow Wilson signed the Federal Reserve Act in 1913 creating the Federal Reserve System. Many people say he would go on to regret his decision to do so because of the power it gave to bankers. Historically many U.S. presidents were against the idea of a strong central bank.
Thomas Jefferson said in 1802:
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs
My favorite president, John F. Kennedy, tried to launch a metals backed currency in the U.S. to compete with the Fed’s dollars with Executive Order 11110. Our money is fiat money. It only has value through backing by the full faith and credit of the United States. Kennedy sought to base our currency on silver, where the valuation of the dollar would be based on market fluctuations rather than the whims of the central bank.
Because the Fed controls the value of the dollar, investment in the United States is viewed as a more risky proposition than if the dollar were backed by metal. We have a floating dollar where the value of an investment may decrease over time due to a decrease in the value of the dollar. A more stable dollar leads to a more predictable outcome. More predictable outcomes lead to more investment flowing into the U.S.
The Fed also makes trillions of dollars in loans to Wall Street, which keeps Wall Street in power as an overwhelming economic force. Wall Street’s business model depends on the Fed loaning them money at an extremely low interest rate (often zero!) to stay in business. If Wall Street, a very powerful player in American life, needs this type of corporate welfare to stay afloat, perhaps they should try a better business.
I have heard Bernie Sanders speak eloquently and passionately about fixing our economy, regulating Wall Street and creating a more fair system for the middle and lower class. I have not heard a lot from him about a sure way to bring balance back to America — ending the Fed. While it is not likely that he will adopt that position during the campaign, I hope he will in the future consider taking strong action against central banking. No friend of the big banks, surely this is an idea right up Sanders’ alley.
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This is a great example of what has been planned for decades ----the end of the ROBBER BARON period and the collapse of America. We see a few things here----OBAMA'S NEW DEAL was of course the dismantling of all FDR era New Deal ------the stock market rallies that occur just before any US economic crash signal that approaching swing. We looked at the headlines today for Wall Street stocks and of course we see all is soaring. That was what happened in 2008 just before that economic crash. What corporate gains is likely to be is DERIVATIVES BETS AGAINST THE BOND MARKET ====their corporate bond debt is huge. Know who gets the bond debt when crash comes? THE STOCK HOLDERS. So corporations are seeing record gains because they see massive movement of debt to WE THE PEOPLE.
Make no mistake---China is partnered with global banking in bringing US national economy down----it will not be the one responsible. It is the $20 trillion in US Treasury bond debt tied to expansive spending on building global corporate campuses globally---all that bond debt is building global corporate campuses----like UNDERARMOUR ----JOHNS HOPKINS----LOCKHEED MARTIN.
The $660 million city subsidy will pay for infrastructure, such as roads, parks and sewers. Sagamore will pay back the bonds through taxes, a practice known as tax increment financing.
This is for what our Mayor of Baltimore Catherine Pugh is waiting---her place in all this is to simply hand all Baltimore City over to global banking. Then we have no sovereign 'elected' official even though PUGH was installed with election fraud and rigging.
ENDING THE US FED is still the objective of WE THE 99% OF PEOPLE. Throughout this KABUKI THEATER of global banking coup against our government we must remember IT IS ALL ILLEGAL AND THESE FEW DECADES OF CLINTON/BUSH/OBAMA POLICIES CAN BE VOIDED----all these US FED and US Treasury bond debt is FIAT MONEY---it doesn't exist. We must simply regain control of our local city and township governance and DEFAULT ON ILLEGAL BOND DEBT.
You see where Gold and Silver prices are soaring---who owns almost all gold and silver ---the global 1% and their 2%. We see HYPER-INFLATION hitting main street----that's what we get while corporations and the rich are winning bets on a planned US Treasury and corporate bond market collapse.
Empty food shelves is a first step of these hyper-inflation planned economic crashes----Mugabe did the same when he first came to office. Please don't allow violence to occur between black, white, and brown 99% ----hold those 5% black, white, brown global Wall Street pols and players responsible for this slow walk to US economic collapse.
END THE FED This is what a financial collapse will look like
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'Thomas Jefferson said, “If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”'
Below we see the likely story behind JFK and RFK's assassination-----remember, the US FED as with FDR and Robber Baron Presidents back in 1913 who installed this US FED were OLD WORLD MERCHANTS OF VENICE GLOBAL 1% FREEMASONS. Most Americans have some understanding that in 1913 the US FED printed the images on the DOLLAR BILL that are known MASONIC SIGNS----THE PYRAMID WITH THE ONE EYE is that masonic symbol---this is the point the global 1% freemasons took hold of our US economy. If we continue to be afraid of what are a 5% to the 1% ----we cannot rebuild America----THERE IS NOTHING TO FEAR BUT FEAR ITSELF!
LET'S GET RID OF GLOBAL WALL STREET POLS, GET RID OF THE US FED----AND REBUILD OUR LOCAL US ECONOMIES.
WE THE PEOPLE THE 99% no longer need wait for an act of Congress or President to take action----the governance system is corrupt and criminal we simply need to act locally across the nation taking these steps to get OLD WORLD MERCHANTS OF VENICE FREEMASONRY and its US FED and Wall Street out of our government.
This is a very long article but please glance through--it is critical to understand these financial policies.
Thoughts about Gold, Silver, and other stuff
Think Outside the Bank
It almost became money: United States Notes versus Federal Reserve Notes
John F. Kennedy vs The Federal Reserve
Anthony Wayne
On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
When President John Fitzgerald Kennedy – the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money – without going through the privately owned Federal Reserve Bank. President Kennedy’s Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This means that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the united States of America.
FED NOTE
US NOTE
United States Notes” were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a “Federal Reserve Note” issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a “United States Note” from the U.S. Treasury issued by President Kennedy’s Executive Order. They almost look alike, except one says “Federal Reserve Note” on the top while the other says “United States Note”. Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.
President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper “currency” circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the over $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new “money”. Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and realm value worth something.
Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 “Silver Certificates” were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve’s control over the creation of money. It seems very apparent that President Kennedy challenged the “powers that exist behind U.S. and world finance”. With true patriotic courage, JFK boldly faced the two most successful vehicles that have ever been used to drive up debt:
1) war (Viet Nam); and,
2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank.
Executive Order 11110
AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:
SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended – (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): “(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption,” and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof. SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.
JOHN F. KENNEDY THE WHITE HOUSE, June 4, 1963
Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998:
Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as amended by:
EO 10583, dated December 18, 1954, 19 F.R. 8725;
EO 10882 dated July 18, 1960, 25 F.R. 6869;
EO 11110 dated June 4, 1963, 28 F.R. 5605;
EO 11825 dated December 31, 1974, 40 F.R. 1003;
EO 12608 dated September 9, 1987, 52 F.R. 34617
The 1974 and 1987 amendments, added after Kennedy’s 1963 amendment, did not change or alter any part of Kennedy’s EO 11110. A search of Clinton‘s 1998 and 1999 EO’s and Presidential Directives has also shown no reference to any alterations, suspensions, or changes to EO 11110.
The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black’s Law Dictionary defines the “Federal Reserve System” as: “Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves.” Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: “Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank’s nine member board of directors”.
The Federal Reserve Banks are locally controlled by their member banks. Once again, according to Black’s Law Dictionary, we find that these privately owned banks actually issue money:
“Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.)”.
The privately owned Federal Reserve (FED) banks actually issue (create) the “money” we use. In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is: “The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department’s Bureau of Engraving to print them”.
Any one person or any closely knit group who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is exactly what the privately owned FED is!
No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:
“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it”.
Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions.
The FED basically works like this:
The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it’s interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, such as President John Fitzgerald Kennedy, that have spoken out against it. His efforts were spoken about in Jim Marrs’ 1990 book Crossfire:”
Another overlooked aspect of Kennedy’s attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.
Kennedy’s comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks”.
In a comment made to a Columbia University class on Nov. 12, 1963,
Ten days before his assassination, President John Fitzgerald Kennedy allegedly said:
“The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizen of this plight.”
In this matter, John Fitzgerald Kennedy appears to be the subject of his own book… a true Profile of Courage.
This research report was compiled for Lawgiver. Org. by Anthony Wayne
What is the Federal Reserve Bank?
What is the Federal Reserve Bank (FED) and why do we have it?
by Greg Hobbs November 1, 1999
The FED is a central bank. Central banks are supposed to implement a country’s fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable. Central banks also do business, such as currency exchanges and gold transactions, with other central banks. In theory, a central bank should be good for a country, and they might be if it wasn’t for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit.
There have been three central banks in our nation’s history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by our current FED. What they all have in common is an insidious practice known as “fractional banking.”
Fractional banking or fractional lending is the ability to create money from nothing, lend it to the government or someone else and charge interest to boot. The practice evolved before banks existed. Goldsmiths rented out space in their vaults to individuals and merchants for storage of their gold or silver. The goldsmiths gave these “depositors” a certificate that showed the amount of gold stored. These certificates were then used to conduct business.
In time the goldsmiths noticed that the gold in their vaults was rarely withdrawn. Small amounts would move in and out but the large majority never moved. Sensing a profit opportunity, the goldsmiths issued double receipts for the gold, in effect creating money (certificates) from nothing and then lending those certificates (creating debt) to depositors and charging them interest as well.
Since the certificates represented more gold than actually existed, the certificates were “fractionally” backed by gold. Eventually some of these vault operations were transformed into banks and the practice of fractional banking continued.
Keep that fractional banking concept in mind as we examine our first central bank, the First Bank of the United States (BUS). It was created, after bitter dissent in the Congress, in 1791 and chartered for 20 years. A scam not unlike the current FED, the BUS used its control of the currency to defraud the public and establish a legal form of usury.
This bank practiced fractional lending at a 10:1 rate, ten dollars of loans for each dollar they had on deposit. This misuse and abuse of their public charter continued for the entire 20 years of their existence. Public outrage over these abuses was such that the charter was not renewed and the bank ceased to exist in 1811.
The war of 1812 left the country in economic chaos, seen by bankers as another opportunity for easy profits. They influenced Congress to charter the second central bank, the Second Bank of the United States (SBUS), in 1816.
The SBUS was more expansive than the BUS. The SBUS sold franchises and literally doubled the number of banks in a short period of time. The country began to boom and move westward, which required money. Using fractional lending at the 10:1 rate, the central bank and their franchisees created the debt/money for the expansion.
Things boomed for a while, then the banks decided to shut off the debt/money, citing the need to control inflation. This action on the part of the SBUS caused bankruptcies and foreclosures. The banks then took control of the assets that were used as security against the loans.
Closely examine how the SBUS engineered this cycle of prosperity and depression. The central bank caused inflation by creating debt/money for loans and credit and making these funds readily available. The economy boomed. Then they used the inflation which they created as an excuse to shut off the loans/credit/money.
The resulting shortage of cash caused the economy to falter or slow dramatically and large numbers of business and personal bankruptcies resulted. The central bank then seized the assets used as security for the loans. The wealth created by the borrowers during the boom was then transferred to the central bank during the bust. And you always wondered how the big guys ended up with all the marbles.
Now, who do you think is responsible for all of the ups and downs in our economy over the last 85 years? Think about the depression of the late ’20s and all through the ’30s. The FED could have pumped lots of debt/money into the market to stimulate the economy and get the country back on track, but did they? No; in fact, they restricted the money supply quite severely. We all know the results that occurred from that action, don’t we?
Why would the FED do this? During that period asset values and stocks were at rock bottom prices. Who do you think was buying everything at 10 cents on the dollar? I believe that it is referred to as consolidating the wealth. How many times have they already done this in the last 85 years?
Do you think they will do it again?
Just as an aside at this point, look at today’s economy. Markets are declining. Why? Because the FED has been very liberal with its debt/credit/money. The market was hyper inflated. Who creates inflation? The FED. How does the FED deal with inflation? They restrict the debt/credit/money. What happens when they do that? The market collapses.
Several months back, after certain central banks said they would be selling large quantities of gold, the price of gold fell to a 25-year low of about $260 per ounce. The central banks then bought gold. After buying at the bottom, a group of 15 central banks announced that they would be restricting the amount of gold released into the market for the next five years. The price of gold went up $75.00 per ounce in just a few days. How many hundreds of billions of dollars did the central banks make with those two press releases?
Gold is generally considered to be a hedge against more severe economic conditions. Do you think that the private banking families that own the FED are buying or selling equities at this time? (Remember: buy low, sell high.) How much money do you think these FED owners have made since they restricted the money supply at the top of this last current cycle?
Alan Greenspan has said publicly on several occasions that he thinks the market is overvalued, or words to that effect. Just a hint that he will raise interest rates (restrict the money supply), and equity markets have a negative reaction. Governments and politicians do not rule central banks, central banks rule governments and politicians. President Andrew Jackson won the presidency in 1828 with the promise to end the national debt and eliminate the SBUS. During his second term President Jackson withdrew all government funds from the bank and on January 8, 1835, paid off the national debt. He is the only president in history to have this distinction. The charter of the SBUS expired in 1836.
Without a central bank to manipulate the supply of money, the United States experienced unprecedented growth for 60 or 70 years, and the resulting wealth was too much for bankers to endure. They had to get back into the game. So, in 1910 Senator Nelson Aldrich, then Chairman of the National Monetary Commission, in collusion with representatives of the European central banks, devised a plan to pressure and deceive Congress into enacting legislation that would covertly establish a private central bank.
This bank would assume control over the American economy by controlling the issuance of its money. After a huge public relations campaign, engineered by the foreign central banks, the Federal Reserve Act of 1913 was slipped through Congress during the Christmas recess, with many members of the Congress absent. President Woodrow Wilson, pressured by his political and financial backers, signed it on December 23, 1913.
The act created the Federal Reserve System, a name carefully selected and designed to deceive. “Federal” would lead one to believe that this is a government organization. “Reserve” would lead one to believe that the currency is being backed by gold and silver. “System” was used in lieu of the word “bank” so that one would not conclude that a new central bank had been created.
In reality, the act created a private, for profit, central banking corporation owned by a cartel of private banks. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.
Almost everyone thinks that the money they pay in taxes goes to the US Treasury to pay for the expenses of the government. Do you want to know where your tax dollars really go? If you look at the back of any check made payable to the IRS you will see that it has been endorsed as “Pay Any F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of U.S. Oblig.” Yes, that’s right, every dime you pay in income taxes is given to those private banking families, commonly known as the FED, tax free.
Like many of you, I had some difficulty with the concept of creating money from nothing. You may have heard the term “monetizing the debt,” which is kind of the same thing. As an example, if the US Government wants to borrow $1 million ó the government does borrow every dollar it spends ó they go to the FED to borrow the money. The FED calls the Treasury and says print 10,000 Federal Reserve Notes (FRN) in units of one hundred dollars.
The Treasury charges the FED 2.3 cents for each note, for a total of $230 for the 10,000 FRNs. The FED then lends the $1 million to the government at face value plus interest. To add insult to injury, the government has to create a bond for $1 million as security for the loan. And the rich get richer. The above was just an example, because in reality the FED does not even print the money; it’s just a computer entry in their accounting system. To put this on a more personal level, let’s use another example.
Today’s banks are members of the Federal Reserve Banking System. This membership makes it legal for them to create money from nothing and lend it to you. Today’s banks, like the goldsmiths of old, realize that only a small fraction of the money deposited in their banks is ever actually withdrawn in the form of cash. Only about 4 percent of all the money that exists is in the form of currency. The rest of it is simply a computer entry.
Let’s say you’re approved to borrow $10,000 to do some home improvements. You know that the bank didn’t actually take $10,000 from its pile of cash and put it into your pile? They simply went to their computer and input an entry of $10,000 into your account. They created, from thin air, a debt which you have to secure with an asset and repay with interest. The bank is allowed to create and lend as much debt as they want as long as they do not exceed the 10:1 ratio imposed by the FED.
It sort of puts a new slant on how you view your friendly bank, doesn’t it? How about those loan committees that scrutinize you with a microscope before approving the loan they created from thin air. What a hoot! They make it complex for a reason. They don’t want you to understand what they are doing. People fear what they do not understand. You are easier to delude and control when you are ignorant and afraid.
Now to put the frosting on this cake. When was the income tax created? If you guessed 1913, the same year that the FED was created, you get a gold star. Coincidence? What are the odds? If you are going to use the FED to create debt, who is going to repay that debt? The income tax was created to complete the illusion that real money had been lent and therefore real money had to be repaid. And you thought Houdini was good.
So, what can be done? My father taught me that you should always stand up for what is right, even if you have to stand up alone.
If “We the People” don’t take some action now, there may come a time when “We the People” are no more. You should write a letter or send an email to each of your elected representatives. Many of our elected representatives do not understand the FED. Once informed they will not be able to plead ignorance and remain silent.
Article 1, Section 8 of the US Constitution specifically says that Congress is the only body that can “coin money and regulate the value thereof.” The US Constitution has never been amended to allow anyone other than Congress to coin and regulate currency.
Ask your representative, in light of that information, how it is possible for the Federal Reserve Act of 1913, and the Federal Reserve Bank that it created, to be constitutional. Ask them why this private banking cartel is allowed to reap trillions of dollars in profits without paying taxes. Insist on an answer.
Thomas Jefferson said, “If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Jefferson saw it coming 150 years ago. The question is, “Can you now see what is in store for us if we allow the FED to continue controlling our country?”
I like this article saying SARBANES OXLEY and regulations tied to that bill needed a super-computer to abide by law when EVERYONE knows there is ABSOLUTELY no ABIDING BY SARBANES OXLEY finance laws---those laws alone if enforced would have sent all global Wall Street bank executives and CFOs to jail.
Obama funded the installation of these super-computers across the nation as part of SMART CITIES and that includes a CITY STATE financial economy controlled by computer models programmed at ONE WORLD WORLD CENTRAL BANK. These super-computers are installed mostly in global IVY LEAGUE universities for MEGA DATA including financial MANIPULATION. Think to where our pensions and retirements are invested NOW with just the start of computer modeling finance---always used as FODDER. Who can afford such computer finance systems? The global 1% installs them---
DID I READ THE GREEKS WERE JOINING TO BUY THEIR OWN SUPER-COMPUTER----REALLY FOLKS! JOIN THE 99% IN FIGHTING FOR CONTROL OF LOCAL ECONOMY.
REMEMBER ----OUR GLOBAL IVY LEAGUE ENDOWMENTS ARE ALMOST TOTALLY DERIVED FROM WALL STREET FRAUD AND THE SUCKING OF LOCAL TAX REVENUE AGAIN INVOLVING FRAUD.
When we hear mega-data in our local policy discussions----this WORLD CENTRAL BANK computer modeled finance is tied into these databases. Info goes in----analysis goes to WORLD CENTRAL BANK----sent back to our US CITIES DEEMED FOREIGN ECONOMIC ZONE. Is that like Baltimore going into bankruptcy and being handed to WORLD BANK/IMF----and never being freed from this capture? ABSOLUTELY.
Supercomputers for Finance: A New Challenge
By Julian FieldenFebruary 29, 2008
According to analyst group IDC, revenue for the overall supercomputing market grew a full 18 percent compared to the same period last year, to reach $3.0 billion in the third quarter of 2007.
Growth of this scale is the result of several factors:
- In the university market, the traditional home of the supercomputer, growth is driven by increasing budgets swelled by European coffers, investment and knowledge partnerships with private firms and larger aggregated UK university and college department budgets.
- In mainstream markets, growth is driven by a need for competitive advantage, efficiency and productivity gains and to some extent, Microsoft’s recently launched Compute Cluster Server broadening the market and encouraging widespread adoption of supercomputing technologies.
Financial organisations use the power and performance of supercomputers in a variety of ways:
- Portfolio optimisation – to run models and optimise thousands of individual portfolios overnight based on the previous day’s trading results.
- Valuation of financial derivatives — A re-insurance firm, for example, may need to value and compute hedge strategies for hundreds of thousands of policy holders in its portfolio.
- Detection of credit card fraud – supercomputers enable a bank to easily run more fraud detection algorithms against tens of millions of credit card accounts.
- Hedge fund trading — supercomputers allow for faster reaction time to market conditions, enabling analysts to evaluate more sophisticated algorithms that take into account larger data sets.
Today, financial organisations are aiming to increase the computational power and performance at their disposal in one of three ways.
Some financial organisations will work directly with universities and colleges to draw on the power and performance of their academic supercomputers.
For example, a financial analysis firm called CD02 has recently teamed-up with The Department of Computing at Surrey University on a three-year bid to look at ways to develop better pricing and risk analysis technology, which will ultimately help banks, hedge funds and investment outfits to trade in a financial instrument called a collateralised debt obligation, or CDO. This project, sponsored by the former DTI, centres on the power of the supercomputer to model huge problem spaces and simulations to explore very complex risk analysis — but is just one of the things the cluster will be used for.
Alternatively, for other financial organisations the supercomputer requirement will be met by new implementations — within their own organisations — using the very latest technology providing maximum power and performance. It generally depends on the types of applications running, but many financial organisations are turning to cluster-based supercomputers using low cost blade servers.
Lastly, for “early supercomputer adopters,” an increase in computational power and performance will not come from new implementations or working in partnership with universities and colleges, but from driving greater efficiencies from existing third and fourth generation supercomputer implementations.
All approaches will demand greater storage capacity and instant storage scalability to keep pace with data generation and ensure storage does not become an innovation bottleneck.
In fact, IDC predicts in 2008 the average worldwide growth for the supercomputing storage market will actually be higher than for servers, about 11 percent. IDC expects the market for HPC storage to reach about $4.8 billion in 2008 (2006: $3.8 billion).
Working directly with universities and colleges aside, implementing a new supercomputer or aiming gain efficiencies from existing supercomputer implementations, is not without problems.
Super Problems
IT managers responsible for supercomputer implementations already operational in financial organisations are often faced with piece-meal implementations created by generations of predecessors each adding their own features and functionality to the overall supercomputer. This can include a mix of hardware, a plethora of in-house developed code running on old operating systems and a selection of proprietary applications and other software.
IT managers are also being held back by the management and structure of their data centres – as it becomes clear that there is not a limitless supply of energy, space and budgets to run an efficient data centre. For example, plugging yet another server into the datacentre is no longer an option for companies operating in Canary Wharf, where companies are facing major difficulties securing extra power.
Although some companies are currently unaffected by power shortages, the cost of powering and cooling a data centre is becoming a pressing concern. A study published by consultancy BroadGroup found that the average energy bill to run a corporate data centre in the UK is about £5.3m per year and will double to £11m over five years.
Data centres capable of hosting a supercomputer must also be able to take heat away from the site – increasingly fewer and fewer buildings can cope. And, most importantly, there is simply no space available in London — our financial capital — for expanding data centres. While there are old factories elsewhere in the country, there are limitations on their use for new facilities.
From a storage perspective, as Moore’s law continues to ramp up processor speed, the storage bottleneck is becoming more pronounced to the end users. In many cases, IT managers have been burdened with conventional storage technologies that require customisation before they can be effectively applied in supercomputing environments. And, even then, it does not mean the technology is fully capable of meeting supercomputing performance, accessibility, capacity and availability requirements.
Finally, as data centre managers look to provide an IT infrastructure that can cost-effectively scale to meet rapidly changing business requirements, they are also evaluating switching and interconnect technology and realising, in many cases, whilst servers and storage may be suitable, the data transport mechanism between each is lagging behind.
Solution
For financial organisations either undertaking a new implementation or aiming to optimise an existing implementation, it is essential to take some precautionary steps:
1. Prepare and plan properly
Financial organisations must analyse and build a plan that considers current and future needs of the supercomputer in terms of power, cooling, space, effects on the environment, costs and management.
Naturally, it is equally important to consider user requirements for the supercomputer, including the need for future scalability and upgrades.
2. Select a qualified integrator
Financial organisations should look for a specialist supercomputer integrator, one that demonstrates grade one credentials in the delivery of a supercomputing project. The following factors should always be taken into consideration:
Understand the customer. Supercomputer integrators must demonstrate a thorough understanding of their customers’ markets. Integrators must be able to understand what customers are trying to achieve, why their research or project is important and why they are trying to do it in that way.
Demonstrate history. As budgets grow and aggregate, customers are more wary and cautious of investment. Customers are looking for integrators with experience, a history and proven track record in delivering supercomputer solutions.
Hardware vendor relationship. In many instances, supercomputer solutions built for customers are firsts, fastest, largest and often unique. Some integrators will ‘play one hardware vendor off against the other’, or propose solutions based on hardware outside of the traditional Tier 1 manufacturers. However, when you’re working on the leading edge, problems can occur so it is essential for customers to know that integrators have a close and long-term relationship with the primary hardware supplier.
The HPC ecosystem. A single IT vendor cannot always supply the whole supercomputer solution – server, storage, interconnect, operating system, applications, etc. Customers therefore need a well connected integrator that can call on existing technology partner relationships to enhance solutions from the primary hardware vendor.
Technology innovation.
Customers look to integrators to provide solutions based on the best technology available. Integrators must therefore react to technology innovation quickly.
Protect the environment. Environmentally conscious customers will be looking for integrators that can meet not just their computing needs, but also their green needs and this means designing more complex solutions; for example using larger numbers of lower powered processors or vastly improved efficiency using virtualisation technology.
3. Make best use of technology
For any financial organisation looking to gain maximum power and performance from a new supercomputer server implementation (cost effectively) they should avoid proprietary hardware, which a manufacturer might choose to drop.
Servers
For server performance, it is also common sense for financial organisations to purchase blade server technology, which can use up to 50 percent less floor space in a data centre and up to 58 percent less energy than traditional servers.
For existing implementations, financial organisations should look for software, such as products from vendor Cluster Resources, that will help drive efficiencies and performance from existing cluster operations.
Software
The software can take full responsibility for scheduling, managing, monitoring and reporting of cluster workloads, maximising job throughput.
Storage
New supercomputers have a pick of storage technologies: RAID (Redundant Array of Inexpensive Disks), SAN (Storage Area Network), NAS (Network Attached Storage), HSM (Hierarchical Storage Management), tape libraries and silos.
Perhaps more important than the choice of storage hardware, financial organisations should introduce a scalable, high performance file system with Information Lifecycle Management (ILM) capabilities, such as IBM’s General Parallel File System (GPFS), to keep up with the demands of real time data processing.
GPFS enables additional storage capacity and performance to be added and operational in minutes with no interruption to users or applications, scaling to multiple petabytes with hundreds of gigabytes per second performance. Once the data has been processed, it can be seamlessly relocated to lower cost storage for archiving, providing the financial organisations with a single easy-to-manage pool of resources.
Interconnect
IT managers should also carefully consider switching and interconnect technology. Currently, an interconnect battle rages between InfiniBand and 10 GigE. IDC expects the use of both of these high-speed interconnect technologies to grow.
A pervasive, low-latency, high-bandwidth interconnect, Infiniband is backed by a steering committee made up of the world’s leading IT vendors, and is expected to win the battle.
Management
There are not many IT departments that have in-depth knowledge and experience of supercomputer systems. Without assistance from external suppliers it can take considerably longer to get equipment up and running, upgrades complete, software in place and systems configured to drive maximum power and performance.
Taking into consideration commercial confidentiality and data security, financial organisations should consider Cluster Management and Support Services — outsourced support operations — which enable financial organisations to focus all available IT department resources on non-cluster related queries and user problems.
Conclusion
Whether your financial organisation is aiming for a new implementation or to drive efficiency from an existing implementation, whether you have legacy problems or a green field site, one thing is certain: financial organisations can use the power and performance of a supercomputer to help deliver the most accurate, comprehensive and actionable intelligence, providing that all important competitive advantage.
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This is indeed to where all disposable income investments are going. When we say an end of US national sovereignty brings an end to US FED and a US Wall Street----this will be the result-----there will be no public stock options in which main street citizens will be allowed to invest...all of those MANDATORY DEDUCTIONS called Social Security and 401K savings accounts will be lumped into one global long-term portfolio calling this 99% CITIZENS' INVESTMENT AND RETIREMENT ACCOUNTS. The money will not exist and the chances of anyone seeing those benefits are next to none. The WORLD CENTRAL BANK COMPUTER MATHEMATICAL MODELING will send monthly statements to where these accounts are in this captured system.
Meanwhile, the global 1% and their 2% have real money-----make real investments-----just as has existed in developed nations for centuries.
While global Wall Street Baltimore Development 'labor and justice' organizations shout for more control in development----they are silent about MOVING FORWARD WORLD CENTRAL BANK and they KNOW that is to where those CLINTON/BUSH/OBAMA pols and players are taking WE THE PEOPLE THE 99%.
The global 1% are doing this to eliminate all that GREED AND PANIC created from massive Wall Street frauds by the same few people creating these frauds......
'Thus we have the classic case of "greed vs. panic."'
The One Super Stock For Everyone's Long-Term Portfolio
Jul.17.17 | About: MasterCard Incorporated (MA)
Mycroft Friedrich
Research analyst, newsletter provider, contrarian, long-term horizon
SummaryMain Street analysis of the company.
Industry analysis going out to 2025.
Capital Appreciation through capital preservation.
Recently I was asked by a client if I had to choose one stock out of the 17,000 stocks that our Friedrich Global Research analyzes (from 36 countries) which one would it be? The answer without a doubt is MasterCard (MA) and the following should explain why.
As a long term investor, the first thing you want to concentrate on is in finding companies that have little in the way of competition or what Warren Buffett calls a "moat" or "toll bridge". The industry that MasterCard operates in has very few players in it (as shown in the illustration below).
In 2016 MasterCard and Visa (V) handled 80% of all purchase transactions using global cards and MasterCard's volume grew 12.7% from the year prior. Visa is another stock that I also own in our client portfolios and even though it handled twice the transaction volume of MasterCard, its numbers (from a free cash flow point of view) are not as attractive as MasterCard's are.
Free cash flow analysis is the most powerful tool that any investor can use in order to get down to the real story behind what is really happening on Main Street. As a free cash flow analyst, 99% of my work is done on Main Street as Main Street is where MasterCard invests in its own operations. How well Ajaypal S. Banga (CEO of MasterCard) and management do in running those operations determines how profitable the company will be. Wall Street then reacts based on the success or failure of management to meet its goals. Main Street and Wall Street are thus interlinked, but because anyone with a computer, an internet connection and a brokerage account can buy or sell any stock at any time, expertise is not a requirement in order to invest on Wall Street. This results in Wall Street being a very dangerous place to operate in as many investors tend to operate through emotion or tend to follow the herd in and out of stocks. During bull markets, investors feel like they can do no wrong as "the rising tide lifts all boats." But when a bear market suddenly shows up, these same investors tend to panic and like lemmings stampede over the cliff. Thus we have the classic case of "greed vs. panic."
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Here is that GLOBAL GREEN TECHNOLOGY drive----ONE WORLD ONE TECHNOLOGY ONE WORLD CENTRAL BANK.... The amount of energy needed for all these global technology transactions drives CLIMATE CHANGE. It is the manufacturing of computer hardware, software, infrastructure cables, batteries, et al over these few decades that has CLIMATE CHANGE SOARING-----and it is MOVING FORWARD SMART CITIES WORLD CENTRAL BANK that expands this same industrialization. As we hear a WORLD BANK CEO tell us he fears for his loved ones and their future in calling for GLOBAL CORPORATE SUSTAINABILITY------FOR THE GLOBAL 1%----we can bet WE THE PEOPLE THE 99% will be busy being thrown in global labor pool to live in Foreign Economic Zones known to become most inhabitable.
The REAL LEFT SOCIAL PROGRESSIVE action is STOPPING GLOBAL CORPORATE CAMPUS development---stop Foreign Economic Zone policies----stop online banking and continuing loss of economic control by our US cities, states, and federal governance.
'Most AI requires massive amounts of computing power and massive amounts of data. While some of that can be shifted from the cloud to devices, especially where latency and secure coverage are essential (autonomous driving), there are still significant limitations for what can be done locally'.
- Supercomputer maker Cray cutting 14% of workforce, 190 jobs ...www.geekwire.com/2017/supercomputer-maker-cray-cutting-14-workforce-seeking-save-25m-per-year/ Jul 19, 2017 ... Seattle supercomputer maker Cray plans to cut 190 jobs, ... maker Cray cutting 14% of workforce, 190 jobs, seeking to save $25M per year.
We have shouted for over a decade this march to SMART CITIES and especially global online banking will end in mass unemployment as we see fewer people hired and those few people often let go in very short time spans. It gets far worse.
Who is bound tightly to all these global banking schemes? OUR US INTERNATIONAL LABOR UNIONS. They are pushing MOVING FORWARD just ready to organize the next incoming global labor pool. Here we see our FEDERAL/STATE EMPLOYEES CREDIT UNION AND OUR MILITARY DEPARTMENT OF DEFENSE leading in moving everyone to online banking. This is from where the bulk of online banking users come.
Our international labor unions which should be fighting these captures of all economic policies are of course partnered now with global banking. Who did AFSCME come out early to support? MOVING FORWARD HILLARY. Our labor union members need to WAKE UP as to how union leaders are leading WE THE PEOPLE THE 99% off a cliff.
NerdWallet’s Best Credit Union Credit Cards of 2017
Ben Luthi
With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.Credit union credit cards aren’t known for huge sign-up bonuses and luxury perks, but the Nerds have found a few that can compete with some of the best credit cards on the market in terms of rewards and other benefits. Not to mention, you’ll generally get better service with a credit union than a national bank.
Let’s dig in.
NerdWallet’s best credit union cardsBest for …Card
TravelPremium Travel Rewards
Low interestLake Michigan Credit Union Prime Platinum Visa
Bad creditDigital Federal Credit Union Visa Platinum Secured Credit Card
Rewards for militaryGorewardsBest for travel
Earn Earn 20,000 Bonus Points when you spend $2,500 in the first 3 months of opening your account within three months. Earn 5 points per $1 spent on airfare, 1 point per $1 spent elsewhere. Special savings and discounts from top retailers. Free access to your FICO score. No foreign transaction fee. The annual fee is $0.
Benefits of the Premium Travel Rewards:
- It offers the highest rewards rate on airfare of any general travel card.
- The card doesn’t charge a cash advance fee; most cards charge 3% to 5%. There’s also no foreign transaction fee, which is a must-have in a travel card.
- Drawbacks of the Premium Travel Rewards:
- American Express isn’t accepted as widely as Visa and MasterCard, both domestically and internationally.
- It doesn’t offer bonus rewards on travel-related purchases besides airfare.
- You have to be a member of PenFed Credit Union. There are several paths to eligibility; you must:
- Be a member of the U.S. military
- Be an employee of the federal government or other qualifying organization
- Belong to a qualifying organization or association
- Live or work at an eligible location
- Be a relative or housemate of someone who is eligible
- Make a one-time donation to Voices for America’s Troops ($14) or the National Military Family Association ($15).
- Bottom line
If your travel expenses are skewed toward airfare purchases, the Premium Travel Rewards may be for you. But if you spend more on other travel-related purchases or you plan on using the card overseas, these travel cards may be more worth your time.
Best for low interest
Interest rate is as low as prime rate + 3%. No balance transfer fee. The annual fee is $0.
Benefits of the Lake Michigan Credit Union Prime Platinum Visa:
- The card’s low APR beats most personal loans.
- It has no balance transfer fee, and the annual fee is $0.
- Drawbacks of the Lake Michigan Credit Union Prime Platinum Visa:
- It doesn’t offer rewards.
- You have to be a member of Lake Michigan Credit Union to apply. To become eligible, you must:
- Live, work, worship or attend school in Lower Michigan
- Have an immediate family member with an account at LMCU
- Make a one-time $5 donation to ALS Association
- Bottom line
The Nerds don’t recommend carrying a balance on your credit card, but the Lake Michigan Credit Union Prime Platinum Visa is your best option if you don’t have a choice. The eligibility hurdle isn’t too high, and you can even transfer a balance from another card to get a break on interest. Note, however, that there are other cards that may be better suited for a balance transfer.
Best for bad credit
Digital Federal Credit Union Visa Platinum Secured Credit Card(3)
on Digital Federal Credit Union's secure site - Recommended Credit Score
- 350
850
Poor - Excellent - Card Details
- Additional Information
Free access to your FICO score. The annual fee is $0.
Benefits of the Digital Federal Credit Union Visa Platinum Secured Credit Card:
- No fee for cash advances or balance transfers.
- Get help improving your credit with free access to your FICO score, updated monthly. The card also reports your activity to all three credit bureaus, which means responsible use could help boost your credit score.
- The APR is lower than what most credit cards offer to people with excellent credit.
- You can apply for an unsecured card after 12 months of on-time payments.
- Drawbacks of the Digital Federal Credit Union Visa Platinum Secured Credit Card:
- It doesn’t offer rewards.
- It requires a deposit into a Digital Federal Credit Union savings account equal to your credit limit. (Read more about how secured credit cards work.)
- You must be a member of Digital Federal Credit Union to apply. Ways to become eligible:
- Someone you are related to is a current member.
- The company you work for or retired from is a participating employer.
- You belong to a participating organization.
- You live, work, worship or attend school in a community that has been designated as underserved and the credit union has a branch in it.
Earn 3 points per $1 spent at restaurants, 2 points per $1 spent on gas and 1 point per $1 spent elsewhere. No fee for balance transfers, foreign transactions or cash advances at NFCU branches and ATMs. The annual fee is $0.- Benefits of the Gorewards:
- Offers big rewards on dining and gas purchases.
- The card is largely fee-free.
- Drawbacks of the Gorewards:
- It doesn’t offer a sign-up bonus.
- It’s not a good choice for people who don’t eat out or drive frequently.
- You must become a member of Navy Federal Credit Union to apply. To be eligible, you must meet one of two criteria:
- Be affiliated with the armed forces, Department of Defense, Coast Guard or National Guard.
- Have a family member or housemate who is already a NFCU member.
- Bottom line
If you’re in the military and you spend a lot on dining and gas, the Gorewards is worth your consideration. It’s also a good choice if you plan on using it overseas or need to make cash advances. If none of those things describes your situation, however, you may be better off with a non-military specific card.
MethodologyNerdWallet’s credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories. - Last updated Dec. 31, 2016.
- Bottom line
The Digital Federal Credit Union Visa Platinum Secured Credit Card isn’t like other secured cards. Rather than imposing high fees and a low credit limit, it gives you the flexibility you need to dig yourself out of a financial hole and doesn’t punish you for being there. This credit union’s eligibility requirements are a little more stringent than PenFed’s or Lake Michigan’s. However, if you don’t already qualify for membership, you can join any of the participating organizations when you start your membership.
Best rewards for military
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This is the problem for REAL LEFT SOCIAL PROGRESSIVES and indeed all US 99%-----here we have two candidates Rand Paul and Bernie Sanders one calling himself LIBERTARIAN the other calling himself a left socialist-----BOTH CALLING FOR END THE FED.
As we said yesterday-----someone saying END THE US FED is very likely meaning to end US FED to make way for WORLD CENTRAL BANK. Bernie and Rand Paul are morphing into that far-right wing global corporate campus socialism ----with ONE WORLD ONE GOVERNANCE WORLD CENTRAL BANK. LIBERTARIAN MARXISM. These stances are not REAL RIGHT WING LIBERTARIAN and they are not REAL LEFT SOCIALISM -----the national media is simply pretending that is who these pols are.
We can only END THE FED by growing REAL 99% leaders---from left and right----from our local and state elections. We cannot do that until we FIX ELECTIONS----we cannot FIX ELECTIONS until we GET RID OF GLOBAL WALL STREET POLS AND PLAYERS with rolling protests for weeks and months demanding these 5% global Wall Street players GO.
Jill Stein and the Global Green Corporation Party is END THE FED too----and they are ONE WORLD ONE GOVERNANCE WORLD CENTRAL BANK. Please do not allow another generation of global 1% players capture our politics and governance.
We will end the problems of US FED and US Wall Street with MOVING FORWARD----losing national sovereignty will kill those entities---don't feel badl for those Wall Street CEOs ===they will enfold into global hedge funds and WORLD CENTRAL BANK.
THE BLOG
02/17/2016 09:15 am ET | Updated Feb 17, 2017
Will Bernie Sanders End the Fed?
By Larry Harris Jr.
ASSOCIATED PRESS
While Ron Paul made the Federal Reserve System a topic of conversation during the 2008 presidential cycle, there has not been much talk of the Fed in either the Democrats’ or Republicans’ debates. At one Democratic debate the subject came up and the candidate I’m supporting, Bernie Sanders, said that he supports auditing the Fed. He has also supported Senator Rand Paul’s bills to audit the Fed in the past. He should say more about his ideas for the Fed. The Fed controls inflation — a massive transfer of wealth from the poor and middle class to the wealthy. If Senator Sanders wants to fight against a system rigged against the little guy, he would be wise to spend some time thinking about ending the Fed.
It is no secret among my friends that when I was a performer I performed several times for Occupy Miami. People went to Occupy for their own reasons individually I found — one of the movement’s biggest strengths and weaknesses. I did not agree with everything I heard espoused at Occupy rallies, but one idea that I deeply believe in I heard kicked around many times: it is time to end the Federal Reserve System.
Woodrow Wilson signed the Federal Reserve Act in 1913 creating the Federal Reserve System. Many people say he would go on to regret his decision to do so because of the power it gave to bankers. Historically many U.S. presidents were against the idea of a strong central bank.
Thomas Jefferson said in 1802:
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs
My favorite president, John F. Kennedy, tried to launch a metals backed currency in the U.S. to compete with the Fed’s dollars with Executive Order 11110. Our money is fiat money. It only has value through backing by the full faith and credit of the United States. Kennedy sought to base our currency on silver, where the valuation of the dollar would be based on market fluctuations rather than the whims of the central bank.
Because the Fed controls the value of the dollar, investment in the United States is viewed as a more risky proposition than if the dollar were backed by metal. We have a floating dollar where the value of an investment may decrease over time due to a decrease in the value of the dollar. A more stable dollar leads to a more predictable outcome. More predictable outcomes lead to more investment flowing into the U.S.
The Fed also makes trillions of dollars in loans to Wall Street, which keeps Wall Street in power as an overwhelming economic force. Wall Street’s business model depends on the Fed loaning them money at an extremely low interest rate (often zero!) to stay in business. If Wall Street, a very powerful player in American life, needs this type of corporate welfare to stay afloat, perhaps they should try a better business.
I have heard Bernie Sanders speak eloquently and passionately about fixing our economy, regulating Wall Street and creating a more fair system for the middle and lower class. I have not heard a lot from him about a sure way to bring balance back to America — ending the Fed. While it is not likely that he will adopt that position during the campaign, I hope he will in the future consider taking strong action against central banking. No friend of the big banks, surely this is an idea right up Sanders’ alley.
___________________________________________
This is a great example of what has been planned for decades ----the end of the ROBBER BARON period and the collapse of America. We see a few things here----OBAMA'S NEW DEAL was of course the dismantling of all FDR era New Deal ------the stock market rallies that occur just before any US economic crash signal that approaching swing. We looked at the headlines today for Wall Street stocks and of course we see all is soaring. That was what happened in 2008 just before that economic crash. What corporate gains is likely to be is DERIVATIVES BETS AGAINST THE BOND MARKET ====their corporate bond debt is huge. Know who gets the bond debt when crash comes? THE STOCK HOLDERS. So corporations are seeing record gains because they see massive movement of debt to WE THE PEOPLE.
Make no mistake---China is partnered with global banking in bringing US national economy down----it will not be the one responsible. It is the $20 trillion in US Treasury bond debt tied to expansive spending on building global corporate campuses globally---all that bond debt is building global corporate campuses----like UNDERARMOUR ----JOHNS HOPKINS----LOCKHEED MARTIN.
The $660 million city subsidy will pay for infrastructure, such as roads, parks and sewers. Sagamore will pay back the bonds through taxes, a practice known as tax increment financing.
This is for what our Mayor of Baltimore Catherine Pugh is waiting---her place in all this is to simply hand all Baltimore City over to global banking. Then we have no sovereign 'elected' official even though PUGH was installed with election fraud and rigging.
ENDING THE US FED is still the objective of WE THE 99% OF PEOPLE. Throughout this KABUKI THEATER of global banking coup against our government we must remember IT IS ALL ILLEGAL AND THESE FEW DECADES OF CLINTON/BUSH/OBAMA POLICIES CAN BE VOIDED----all these US FED and US Treasury bond debt is FIAT MONEY---it doesn't exist. We must simply regain control of our local city and township governance and DEFAULT ON ILLEGAL BOND DEBT.
You see where Gold and Silver prices are soaring---who owns almost all gold and silver ---the global 1% and their 2%. We see HYPER-INFLATION hitting main street----that's what we get while corporations and the rich are winning bets on a planned US Treasury and corporate bond market collapse.
Empty food shelves is a first step of these hyper-inflation planned economic crashes----Mugabe did the same when he first came to office. Please don't allow violence to occur between black, white, and brown 99% ----hold those 5% black, white, brown global Wall Street pols and players responsible for this slow walk to US economic collapse.
END THE FED This is what a financial collapse will look like
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'Thomas Jefferson said, “If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”'
Below we see the likely story behind JFK and RFK's assassination-----remember, the US FED as with FDR and Robber Baron Presidents back in 1913 who installed this US FED were OLD WORLD MERCHANTS OF VENICE GLOBAL 1% FREEMASONS. Most Americans have some understanding that in 1913 the US FED printed the images on the DOLLAR BILL that are known MASONIC SIGNS----THE PYRAMID WITH THE ONE EYE is that masonic symbol---this is the point the global 1% freemasons took hold of our US economy. If we continue to be afraid of what are a 5% to the 1% ----we cannot rebuild America----THERE IS NOTHING TO FEAR BUT FEAR ITSELF!
LET'S GET RID OF GLOBAL WALL STREET POLS, GET RID OF THE US FED----AND REBUILD OUR LOCAL US ECONOMIES.
WE THE PEOPLE THE 99% no longer need wait for an act of Congress or President to take action----the governance system is corrupt and criminal we simply need to act locally across the nation taking these steps to get OLD WORLD MERCHANTS OF VENICE FREEMASONRY and its US FED and Wall Street out of our government.
This is a very long article but please glance through--it is critical to understand these financial policies.
Thoughts about Gold, Silver, and other stuff
Think Outside the Bank
It almost became money: United States Notes versus Federal Reserve Notes
John F. Kennedy vs The Federal Reserve
Anthony Wayne
On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
When President John Fitzgerald Kennedy – the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money – without going through the privately owned Federal Reserve Bank. President Kennedy’s Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This means that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated. It appears obvious that President Kennedy knew the Federal Reserve Notes being used as the purported legal currency were contrary to the Constitution of the united States of America.
FED NOTE
US NOTE
United States Notes” were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a “Federal Reserve Note” issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a “United States Note” from the U.S. Treasury issued by President Kennedy’s Executive Order. They almost look alike, except one says “Federal Reserve Note” on the top while the other says “United States Note”. Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.
President Kennedy was assassinated on November 22, 1963 and the United States Notes he had issued were immediately taken out of circulation. Federal Reserve Notes continued to serve as the legal currency of the nation. According to the United States Secret Service, 99% of all U.S. paper “currency” circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely circulated, they would have eliminated the demand for Federal Reserve Notes. This is a very simple matter of economics. The USN was backed by silver and the FRN was not backed by anything of intrinsic value. Executive Order 11110 should have prevented the national debt from reaching its current level (virtually all of the over $9 trillion in federal debt has been created since 1963) if LBJ or any subsequent President were to enforce it. It would have almost immediately given the U.S. Government the ability to repay its debt without going to the private Federal Reserve Banks and being charged interest to create new “money”. Executive Order 11110 gave the U.S.A. the ability to, once again, create its own money backed by silver and realm value worth something.
Again, according to our own research, just five months after Kennedy was assassinated, no more of the Series 1958 “Silver Certificates” were issued either, and they were subsequently removed from circulation. Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve’s control over the creation of money. It seems very apparent that President Kennedy challenged the “powers that exist behind U.S. and world finance”. With true patriotic courage, JFK boldly faced the two most successful vehicles that have ever been used to drive up debt:
1) war (Viet Nam); and,
2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank.
Executive Order 11110
AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:
SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended – (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): “(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption,” and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof. SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.
JOHN F. KENNEDY THE WHITE HOUSE, June 4, 1963
Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998:
Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as amended by:
EO 10583, dated December 18, 1954, 19 F.R. 8725;
EO 10882 dated July 18, 1960, 25 F.R. 6869;
EO 11110 dated June 4, 1963, 28 F.R. 5605;
EO 11825 dated December 31, 1974, 40 F.R. 1003;
EO 12608 dated September 9, 1987, 52 F.R. 34617
The 1974 and 1987 amendments, added after Kennedy’s 1963 amendment, did not change or alter any part of Kennedy’s EO 11110. A search of Clinton‘s 1998 and 1999 EO’s and Presidential Directives has also shown no reference to any alterations, suspensions, or changes to EO 11110.
The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black’s Law Dictionary defines the “Federal Reserve System” as: “Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves.” Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: “Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank’s nine member board of directors”.
The Federal Reserve Banks are locally controlled by their member banks. Once again, according to Black’s Law Dictionary, we find that these privately owned banks actually issue money:
“Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.)”.
The privately owned Federal Reserve (FED) banks actually issue (create) the “money” we use. In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is: “The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department’s Bureau of Engraving to print them”.
Any one person or any closely knit group who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is exactly what the privately owned FED is!
No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:
“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it”.
Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions.
The FED basically works like this:
The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it’s interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, such as President John Fitzgerald Kennedy, that have spoken out against it. His efforts were spoken about in Jim Marrs’ 1990 book Crossfire:”
Another overlooked aspect of Kennedy’s attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.
Kennedy’s comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks”.
In a comment made to a Columbia University class on Nov. 12, 1963,
Ten days before his assassination, President John Fitzgerald Kennedy allegedly said:
“The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizen of this plight.”
In this matter, John Fitzgerald Kennedy appears to be the subject of his own book… a true Profile of Courage.
This research report was compiled for Lawgiver. Org. by Anthony Wayne
What is the Federal Reserve Bank?
What is the Federal Reserve Bank (FED) and why do we have it?
by Greg Hobbs November 1, 1999
The FED is a central bank. Central banks are supposed to implement a country’s fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable. Central banks also do business, such as currency exchanges and gold transactions, with other central banks. In theory, a central bank should be good for a country, and they might be if it wasn’t for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit.
There have been three central banks in our nation’s history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by our current FED. What they all have in common is an insidious practice known as “fractional banking.”
Fractional banking or fractional lending is the ability to create money from nothing, lend it to the government or someone else and charge interest to boot. The practice evolved before banks existed. Goldsmiths rented out space in their vaults to individuals and merchants for storage of their gold or silver. The goldsmiths gave these “depositors” a certificate that showed the amount of gold stored. These certificates were then used to conduct business.
In time the goldsmiths noticed that the gold in their vaults was rarely withdrawn. Small amounts would move in and out but the large majority never moved. Sensing a profit opportunity, the goldsmiths issued double receipts for the gold, in effect creating money (certificates) from nothing and then lending those certificates (creating debt) to depositors and charging them interest as well.
Since the certificates represented more gold than actually existed, the certificates were “fractionally” backed by gold. Eventually some of these vault operations were transformed into banks and the practice of fractional banking continued.
Keep that fractional banking concept in mind as we examine our first central bank, the First Bank of the United States (BUS). It was created, after bitter dissent in the Congress, in 1791 and chartered for 20 years. A scam not unlike the current FED, the BUS used its control of the currency to defraud the public and establish a legal form of usury.
This bank practiced fractional lending at a 10:1 rate, ten dollars of loans for each dollar they had on deposit. This misuse and abuse of their public charter continued for the entire 20 years of their existence. Public outrage over these abuses was such that the charter was not renewed and the bank ceased to exist in 1811.
The war of 1812 left the country in economic chaos, seen by bankers as another opportunity for easy profits. They influenced Congress to charter the second central bank, the Second Bank of the United States (SBUS), in 1816.
The SBUS was more expansive than the BUS. The SBUS sold franchises and literally doubled the number of banks in a short period of time. The country began to boom and move westward, which required money. Using fractional lending at the 10:1 rate, the central bank and their franchisees created the debt/money for the expansion.
Things boomed for a while, then the banks decided to shut off the debt/money, citing the need to control inflation. This action on the part of the SBUS caused bankruptcies and foreclosures. The banks then took control of the assets that were used as security against the loans.
Closely examine how the SBUS engineered this cycle of prosperity and depression. The central bank caused inflation by creating debt/money for loans and credit and making these funds readily available. The economy boomed. Then they used the inflation which they created as an excuse to shut off the loans/credit/money.
The resulting shortage of cash caused the economy to falter or slow dramatically and large numbers of business and personal bankruptcies resulted. The central bank then seized the assets used as security for the loans. The wealth created by the borrowers during the boom was then transferred to the central bank during the bust. And you always wondered how the big guys ended up with all the marbles.
Now, who do you think is responsible for all of the ups and downs in our economy over the last 85 years? Think about the depression of the late ’20s and all through the ’30s. The FED could have pumped lots of debt/money into the market to stimulate the economy and get the country back on track, but did they? No; in fact, they restricted the money supply quite severely. We all know the results that occurred from that action, don’t we?
Why would the FED do this? During that period asset values and stocks were at rock bottom prices. Who do you think was buying everything at 10 cents on the dollar? I believe that it is referred to as consolidating the wealth. How many times have they already done this in the last 85 years?
Do you think they will do it again?
Just as an aside at this point, look at today’s economy. Markets are declining. Why? Because the FED has been very liberal with its debt/credit/money. The market was hyper inflated. Who creates inflation? The FED. How does the FED deal with inflation? They restrict the debt/credit/money. What happens when they do that? The market collapses.
Several months back, after certain central banks said they would be selling large quantities of gold, the price of gold fell to a 25-year low of about $260 per ounce. The central banks then bought gold. After buying at the bottom, a group of 15 central banks announced that they would be restricting the amount of gold released into the market for the next five years. The price of gold went up $75.00 per ounce in just a few days. How many hundreds of billions of dollars did the central banks make with those two press releases?
Gold is generally considered to be a hedge against more severe economic conditions. Do you think that the private banking families that own the FED are buying or selling equities at this time? (Remember: buy low, sell high.) How much money do you think these FED owners have made since they restricted the money supply at the top of this last current cycle?
Alan Greenspan has said publicly on several occasions that he thinks the market is overvalued, or words to that effect. Just a hint that he will raise interest rates (restrict the money supply), and equity markets have a negative reaction. Governments and politicians do not rule central banks, central banks rule governments and politicians. President Andrew Jackson won the presidency in 1828 with the promise to end the national debt and eliminate the SBUS. During his second term President Jackson withdrew all government funds from the bank and on January 8, 1835, paid off the national debt. He is the only president in history to have this distinction. The charter of the SBUS expired in 1836.
Without a central bank to manipulate the supply of money, the United States experienced unprecedented growth for 60 or 70 years, and the resulting wealth was too much for bankers to endure. They had to get back into the game. So, in 1910 Senator Nelson Aldrich, then Chairman of the National Monetary Commission, in collusion with representatives of the European central banks, devised a plan to pressure and deceive Congress into enacting legislation that would covertly establish a private central bank.
This bank would assume control over the American economy by controlling the issuance of its money. After a huge public relations campaign, engineered by the foreign central banks, the Federal Reserve Act of 1913 was slipped through Congress during the Christmas recess, with many members of the Congress absent. President Woodrow Wilson, pressured by his political and financial backers, signed it on December 23, 1913.
The act created the Federal Reserve System, a name carefully selected and designed to deceive. “Federal” would lead one to believe that this is a government organization. “Reserve” would lead one to believe that the currency is being backed by gold and silver. “System” was used in lieu of the word “bank” so that one would not conclude that a new central bank had been created.
In reality, the act created a private, for profit, central banking corporation owned by a cartel of private banks. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.
Almost everyone thinks that the money they pay in taxes goes to the US Treasury to pay for the expenses of the government. Do you want to know where your tax dollars really go? If you look at the back of any check made payable to the IRS you will see that it has been endorsed as “Pay Any F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of U.S. Oblig.” Yes, that’s right, every dime you pay in income taxes is given to those private banking families, commonly known as the FED, tax free.
Like many of you, I had some difficulty with the concept of creating money from nothing. You may have heard the term “monetizing the debt,” which is kind of the same thing. As an example, if the US Government wants to borrow $1 million ó the government does borrow every dollar it spends ó they go to the FED to borrow the money. The FED calls the Treasury and says print 10,000 Federal Reserve Notes (FRN) in units of one hundred dollars.
The Treasury charges the FED 2.3 cents for each note, for a total of $230 for the 10,000 FRNs. The FED then lends the $1 million to the government at face value plus interest. To add insult to injury, the government has to create a bond for $1 million as security for the loan. And the rich get richer. The above was just an example, because in reality the FED does not even print the money; it’s just a computer entry in their accounting system. To put this on a more personal level, let’s use another example.
Today’s banks are members of the Federal Reserve Banking System. This membership makes it legal for them to create money from nothing and lend it to you. Today’s banks, like the goldsmiths of old, realize that only a small fraction of the money deposited in their banks is ever actually withdrawn in the form of cash. Only about 4 percent of all the money that exists is in the form of currency. The rest of it is simply a computer entry.
Let’s say you’re approved to borrow $10,000 to do some home improvements. You know that the bank didn’t actually take $10,000 from its pile of cash and put it into your pile? They simply went to their computer and input an entry of $10,000 into your account. They created, from thin air, a debt which you have to secure with an asset and repay with interest. The bank is allowed to create and lend as much debt as they want as long as they do not exceed the 10:1 ratio imposed by the FED.
It sort of puts a new slant on how you view your friendly bank, doesn’t it? How about those loan committees that scrutinize you with a microscope before approving the loan they created from thin air. What a hoot! They make it complex for a reason. They don’t want you to understand what they are doing. People fear what they do not understand. You are easier to delude and control when you are ignorant and afraid.
Now to put the frosting on this cake. When was the income tax created? If you guessed 1913, the same year that the FED was created, you get a gold star. Coincidence? What are the odds? If you are going to use the FED to create debt, who is going to repay that debt? The income tax was created to complete the illusion that real money had been lent and therefore real money had to be repaid. And you thought Houdini was good.
So, what can be done? My father taught me that you should always stand up for what is right, even if you have to stand up alone.
If “We the People” don’t take some action now, there may come a time when “We the People” are no more. You should write a letter or send an email to each of your elected representatives. Many of our elected representatives do not understand the FED. Once informed they will not be able to plead ignorance and remain silent.
Article 1, Section 8 of the US Constitution specifically says that Congress is the only body that can “coin money and regulate the value thereof.” The US Constitution has never been amended to allow anyone other than Congress to coin and regulate currency.
Ask your representative, in light of that information, how it is possible for the Federal Reserve Act of 1913, and the Federal Reserve Bank that it created, to be constitutional. Ask them why this private banking cartel is allowed to reap trillions of dollars in profits without paying taxes. Insist on an answer.
Thomas Jefferson said, “If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Jefferson saw it coming 150 years ago. The question is, “Can you now see what is in store for us if we allow the FED to continue controlling our country?”
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