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Glenn Beck had Ron Paul on his radio show this morning to discuss Paul’s new book “End the Fed
The discussion lasts about 14 minutes. Following the interview Beck reiterates that he doesn’t agree with Ron Paul on some things, but when it comes to the Fed Glenn says he is “Dead Right.” Following that Beck goes into a discussion on foreign policy as it relates to Afghanistan.
Members of Centre County's 9-12 Project of Central PA gathered Tuesday night to address the importance of the Continental Congress '09, a national convention calling for government to return to its traditional Constitutional values.
Speaker Floyd Houdeshell, Union County, is one of 11 candidates vying to represent Pennsylvania at the convention, which will be held Nov. 9 to 22, in Illinois. Pennsylvania currently has the largest number of delegate nominees, and Houdeshell said he hopes Central Pennsylvania will continue to be well represented.
Continental Congress sessions have not occurred since the writing of the Declaration of Independence, Houdeshell said. The 2009 convention, coordinated by the We the People organization, will be the first held in recent history. Legislators and the public are invited to attend the convention to meet with state delegates and present their concerns. FULL STORY
It's called "Send Congress a Pink Slip." And it ensures that a brief but poignant message will be delivered by Federal Express to all 535 members of the House of Representatives and the U.S. Senate.Glenn Beck is saying on TV, "Stand Up, Question, Speak Out Boldly! Don't let anything in or out of Washington D.C."
Political power.
First. All political power is inherent in the people.
Right of the people.
2. Government is instituted for the protection, security, and benefit of the people; and they have the right at all times to alter or reform the same, and to abolish one form of government and establish another, whenever the public good requires it.
No exclusive privileges.
3. No man or set of men are entitled to exclusive or separate privileges.
Acts void.
So why not just PINK SLIP the entire United States Senate and get the job done right? We vote them in, we can recall them out.
PETITION FOR IMMEDIATE RECALL OF U.S. SENATORS AND IMMEDIATE SPECIAL ELECTION
PREAMBLE
We, THE PEOPLE, the SOVEREIGN ELECTORS and INHABITATNTS of [state], in accordance with our Unalienable Rights forever protected by the Northwest Ordinance (1787), do so hereby COMMAND the immediate Recall of the two U.S. Senators of the State of [state name] and thus THE PEOPLE, [name] and [name], without replacement of by the Governor, and continued vacancy until conclusion of a Special Election by THE PEOPLE, for the causes of their endorsement by vote and by negligence, unconstitutional acts in violation of their Oath of Office to Protect and Defend the Rights of THE PEOPLE, as secured by the Constitution for the Untied States of America, resulting in corruption of the currency, manipulation of Markets, Corporate Bailouts, permanent losses of Industry, foreclosures, social decay, family destruction and endless wars.
ARTICLE I
Political power.
First. All political power is inherent in the people.
Right of the people.
2. Government is instituted for the protection, security, and benefit of the people; and they have the right at all times to alter or reform the same, and to abolish one form of government and establish another, whenever the public good requires it.
No exclusive privileges.
3. No man or set of men are entitled to exclusive or separate privileges.
The disclosure contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally.
The Fed's disclosure came this week in a letter to GATA's Washington-area lawyer, William J. Olson of Vienna, Virginia (http://www.lawandfreedom.com), denying GATA's administrative appeal of a freedom-of-information request to the Fed for information about gold swaps, transactions in which monetary gold is temporarily exchanged between central banks or between central banks and bullion banks. (See the International Monetary Fund's treatise on gold swaps here:http://www.imf.org/external/bopage/pdf/99-10.pdf.)
The letter, dated September 17 and written by Federal Reserve Board member Kevin M. Warsh (seehttp://www.federalreserve.gov/aboutthefed/bios/board/warsh.htm), formerly a member of the President's Working Group on Financial Markets, detailed the Fed's position that the gold swap records sought by GATA are exempt from disclosure under the U.S. Freedom of Information Act. FULL STORY
The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and included banking reforms, some of which were designed to control speculation.[1] Some provisions such asRegulation Q, which allowed the Federal Reserve to regulate interest rates in savings accounts, were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act.[2][3]
MichiganFULL LIST HERE
Troy – ABC studios in Southfield or NBC coprorate offices in Troy, from 2 p.m. to 5 p.m.
[MERS] has reduced transparency in the mortgage market in two ways. First, consumers and their counsel can no longer turn to the public recording systems to learn the identity of the holder of their note. Today, county recording systems are increasingly full of one meaningless name, MERS, repeated over and over again. But more importantly, all across the country, MERS now brings foreclosure proceedings in its own name -- even though it is not the financial party in interest. This is problematic because MERS is not prepared for or equipped to provide responses to consumers' discovery requests with respect to predatory lending claims and defenses. In effect, the securitization conduit attempts to use a faceless and seemingly innocent proxy with no knowledge of predatory origination or servicing behavior to do the dirty work of seizing the consumer's home ... So imposing is this opaque corporate wall, that in a "vast" number of foreclosures, MERS actually succeeds in foreclosing without producing the original note -- the legal sine qua non of foreclosure -- much less documentation that could support predatory lending defenses.
By statute, assignment of the mortgage carries with it the assignment of the debt ... Indeed, in the event that a mortgage loan somehow separates interests of the note and the deed of trust, with the deed of trust lying with some independent entity, the mortgage may become unenforceable. The practical effect of splitting the deed of trust from the promissory note is to make it impossible for the holder of the note to foreclose, unless the holder of the deed of trust is the agent of the holder of the note. Without the agency relationship, the person holding only the note lacks the power to foreclose in the event of default. The person holding only the deed of trust will never experience default because only the holder of the note is entitled to payment of the underlying obligation. The mortgage loan becomes ineffectual when the note holder did not also hold the deed of trust. [Citations omitted; emphasis added.]FULL STORY
In 1949 BAT suffered a serious setback when the Communist Revolution closed China to the company, which lost a quarter of its sales as a result. The company began to diversify in the 1960s and acquired a variety of other businesses, notably the Yardley perfume company. BAT's first foray into motor racing sponsorship was with Yardley in 1970 with the BRM team. The company continued in F1 until the end of 1974.
By then BAT had acquired more retail companies, notably Saks in 1973. In 1976 the company changed its name to BAT Industries and after acquiring further retailers, such as Argos and Marshall Field, began to move into the insurance business with the purchase of Eagle Star, Allied Dunbar and the Farmers Group in the course of the 1980s.
British American Tobacco plc (British American Tobacco) will become a separately listed company.
The businesses of Zurich and BAFS will be transferred to a new Swiss company headquartered in Zurich called Zurich Financial Services Group (ZF Group). The new financial services group will be owned through a dual holding structure. Zurich shareholders will own shares in Zurich Allied AG, which will own 55 per cent of ZF Group. Current shareholdings in B.A.T Industries will be replaced by shareholdings in two new companies: Allied Zurich plc, which will own 45 per cent of ZF Group; and British American Tobacco.
Commenting on the proposal today, Lord Cairns, Chairman of B.A.T Industries, said:
"We are confident that the business fit between BAFS and Zurich will create an outstanding worldwide business positioned for rapid growth and that, as a leading international tobacco company, a focused British American Tobacco will continue to make good progress.
"We believe that there will be improved prospects for capital and income growth as a result of the separate ownership of these two world class businesses, although there will be some initial reduction in the dividend payout for B.A.T Industries' shareholders."
Rolf Huppi, Chairman and CEO of Zurich Group, said:
"The businesses to be combined are high quality, have significant prospects for growth and are highly complementary. The future position of Zurich Financial Services Group in key segments of personal, commercial and corporate risk and investment management, and its high quality brand portfolio will enable the group to deliver consistent earnings growth, building upon Zurich's financial strength and market strategies and BAFS' strong market positions in the US and the UK."
In connection with the proposed merger, B.A.T Industries has been advised by Lazard Brothers and Co., Limited and Goldman Sachs International. Zurich has been advised by Morgan Stanley and Co. Limited.
Under the deal with the Zurich Group, investors in B.A.T. Industries split their old stock equally between British American Tobacco P.L.C. and Allied Zurich.
B.A.T. Industries went ahead with its asset sale including the insurers Allied Dunbar and Eagle Star after a British High Court judge rejected efforts by 48 Blue Cross and Blue Shield health plans in the United States last week to block the $18.7 billion deal with the Zurich Group
Zurich Financial Services settled a bid-rigging and improper "finite reinsurance" transactions probe.[8] Zurich Financial agreed to pay $153 million in restitution and penalties and agreed to a series of reforms. Zurich apologized and acknowledged that "certain of its employees violated both acceptable business practices and Zurich's own standards of conduct by engaging in improper bidding practices and the ‘finite reinsurance’ transactions described in the Assurance of Discontinuance." The states included in the settlement were New York, Connecticut and Illinois.
In May 2007, Zurich Capital Markets, a subsidiary of Zurich Financial Services, paid $16.8 million to settle with the United States Securities and Exchange Commission for helping four hedge funds disguise their identities to avoid detection when making frequent trades in mutual fund shares.[9] An SEC director stated, “By knowingly financing their hedge funds clients' deceptive market timing, ZCM reaped substantial fees at the expense of long-term mutual-fund shareholders" [10]
