By William H. Helbig
The Federal Reserve System’s building on Constitution Avenue was completed in 1935 for a total cost of $750,000. The Federal Reserve’s Board of Governors purchased the land from the federal government. A deed, secured from the Treasury Department, relinquished “all the right and title and interest of the United States of America.”
At the time, Representative Wright Patman of Texas correctly noted that the federal government did not own the building. Privately owned commercial banks and twelve Reserve Banks owned The Federal Reserve System. Therefore, the building was not tax-exempt from local property taxes. The District of Columbia tax collector took it upon himself to send a property tax notice to the Federal Reserve’s Board of Governors. Of course the Federal Reserve refused to pay and the Fed’s lawyers began a tumultuous storm of legal-speak going all the way back to the original creation of the Fed in 1913, and Woodrow Wilson’s legislative wrangling.
When you boil away all of the legalese, the Federal Reserve is an independent department of government. The tax collector reasoned that if the Fed were a part of government, why would the government sell land to itself? After several years, the tax collector sent a notice of delinquent taxes to the fed. It took several more years of legal wrangling until the Federal Reserve System semi-officially became a part of the federal government. Although many politicians believe the Fed is a part of federal government when it wants to be, and vice versa, clearly independent in its decision-making. The Fed can manipulate the money supply as it sees fit to stimulate, stabilize, or slow the economy when needed.
However, the chairperson and board can manipulate the money supply as it sees fit for any conceivable reason, even for political purposes. If the Fed prints more money than necessary, then there is too much money chasing too few goods, inflation, and people spend less on items that cost too much. American citizens are now experiencing inflation and recession, as well as high gas and energy costs, as well as an American economy flooded with too much cash.
When George W. Bush came into office in 2001, The Federal Reserve, replete with its ambiguous status, had Alan Greenspan as its chairperson. Interest rates were brought down to all-time record lows, and the money supply, designated M1, was increased to accommodate the expected record borrowing that was about to begin in this so-called republican revolution. In other words, the economy was flooded with cash hot off the Federal Reserve System’s printing presses. Housing appreciated to record levels, and consumers did not hesitate to borrow on these inflated numbers. September 11, 2001 accelerated the borrowing as homeowners in New York City, for example, where buying second homes in Northeastern Pennsylvania, getting second mortgages on the inflated value of their primary homes. These second homes in the country were purchased, driven by the government’s color-coded terror alert system, as a safe-haven from another possible terrorist attack in the city. Amid all of this borrowing frenzy, tax rates were cut to ostensibly make the republicans look like the good guys in what turns out to be the greatest bank robbery of the new millennium. The centerpiece of this housing and sub-prime financial disaster, and the starting point of a very weird sequence of events, begins in August of 2007.
Let us begin with a singular event initiated by Karl Rove, as he submitted his resignation as presidential advisor in August 2007. People usually resign from their jobs for a limited number of reasons, but in this particular case, one could speculate that he simply did not agree with how leadership in the White House was planning the final stage of events in the Middle East. However, his resignation marks the beginning of a weird sequence of related events that get stranger in a sequential fashion.
On August 27, 2007 an entity, or entities, had taken an extremely deep position in the US and European stock markets with both puts and calls, (Short selling), to the tune of billions of dollars. This Option contract began on August 27, and expired on September 21, 2007. Similar insider trading occurred just weeks before the attacks of September 11, 2001 targeting both the parent companies of United and American airlines, and other industries associated with the airline sector.
Whoever placed these puts and calls was betting that the markets would move downward by at least 50 percent of present values in August and September of 2007, and in this contract period, the downward movement of the markets would make these options extremely profitable. Only a world-shattering event like a terrorist attack would provide the catalyst for such a market move. Stock traders at the Chicago Board of Option Exchange call these unusual transactions “Bin Laden” option trades, in reference to the fact that perhaps another terrorist attack was in the works against American targets. On the other hand, perhaps, another, more ghastly event was about to take place.
As fantastic as this seems, elements of the United States Government had most likely planned to bomb Iran with nuclear-tipped Advanced Cruise Missiles in the period from August 27 to September 21,2007. On August 30, 2007, a B-52 bomber traveled from an Air Force base in North Dakota to an Air Force base in Louisiana with the above-mentioned payload. What is unusual about this trip is the fact that the transportation of live nuclear weapons across the United States is a violation of U.S. Air Force regulations. When the plane landed at the Barksdale Air Force base in Louisiana, Air Force personnel immediately quarantined the bomber. There were unconfirmed reports of gunfire and casualties of Air Force personnel.
The B-52 bomber, with its nuclear payload, now secured and quarantined in Louisiana, with the details leaked to the American public, was going nowhere. An Air Force bureaucrat can write off this singular event as a mistake, and it was widely reported in the media as such, but when other strange events begin to coincide within this period, scrutiny must be applied. An excellent analysis of this event can be found in Michael Salla’s article, with the original content at www.opednews.com , titled, Was a Covert Attempt to Bomb Iran with Nuclear Weapons foiled by a military Leak?
In this sequence of weird events, Israel bombs Syria on September 6, 2007 in an unprovoked attack. This singular event, secret at first, became public knowledge with lots of fanfare by everyone involved, but not all parties involved ever revealed the mystery target. In fact, as of this writing, it is still a mystery as to what was bombed in Syria. There is speculation of a North Korean / Syrian nuclear site, a large ammunition depot, and/or some very large and unsightly boulders in a vast area of empty desert that urgently needed bombing, or perhaps they would roll into Israel, with great destructive power.
There is also speculation that perhaps Israel was attempting to initiate, in tandem with the B-52 bomber and its nuclear-tipped Cruise missiles, a planned attack on both Syria and Iran, thereby beginning hostilities in the Middle East and starting World War 3. However, some courageous military personnel at Barksdale Air Force base blew the whistle on live Nuclear-tipped Cruise missiles under the wings of a B-52 bomber, thereby preventing the beginning of World War 3. It is also seemingly possible that Israel knew of the grounding of the B-52 bomber and may have been attempting to influence world markets by its bombing of Syria. In any case, this strategy did not work and markets remained relatively flat.
To be continued…