The economic crisis is being sustained by bureaucrats and economists that cannot reason from cause to effect.  Banks continue to collapse under the weight of debt on home mortgages which they were required to make by the Feds in the first place.

Recently I haven’t seen much media coverage about bank failures, the latest of which was last Friday, 6 August.  I know that I have written about this before, but I just can’t get it out of my mind.  We are being reassured by the insiders in Washington that the economy is turning around (ever so slowly, mind you) and we are all in for better days ahead, but the reality of staggering unemployment figures begs to differ.  Here is a month by month accounting of unemployment as it has spread across our land. (A more detailed version is here)

Obama’s stimulus package was another temporary and failed effort by the Empire to provide bread and circuses for the rabble.  Here in tiny Perry County, Tennessee the unemployment figures dropped from over 25% to 17% overnight.  On 30 September 2010, the money runs out and three hundred (300) people will again be without income.  Some businesses thought they had found the fountain of prosperity with stimulus money – workers they didn’t have to pay for.  Now reality is hitting – without more government money, doors are going to close.  Small local banks across the continent are going to feel the pinch of debtors not being able to pay.

A January article by Martin D. Weiss, Ph.D., published on Money and Markets was titled, "200 Bank Failures in 2010."  Only one hundred forty banks failed in 2009.  Weiss made a great case for the validity of his article’s title.  And as of last Friday, one hundred nine (109) banks have failed in 2010.  We are well on our way to a new record!

It continues to amaze me that banks almost always fail on a Friday.  I am sure that the FDIC’s explanation for this is that it gives them the weekend to sell the balance sheets to another, larger, and more capable banker AND be able to open the doors to customers on Monday without causing a panic.  (I am sure that these bureaucrats work weekends!!)  Of course, the FDIC is making good on deposits by using more tax dollars than those already used to bail out the Big Boys (I’m not talking burgers here).

The best solution remains … secession.  Leave the mess in the laps of the Wall Street manipulators.  Apart from Florida and the Atlanta area of Georgia, which have been greatly corrupted by the predatory methods of Wall Street, the thirteen states of the Old South have experienced only twelve bank failures.

Tennessee has not had one bank failure this year.

Let’s get rid of our over-lords and become a free Tennessee Nation.  We may not do everything right, but we surely won’t do everything as wrong as Washington and Wall Street does.

From Solitude,
David O Jones

A headline from Sunday’s Nashville Tennessean, “2010 bank closures now total 81.” It wasn’t front page news, just an AP wire “filler” article from Washington. Click here for the article

In case you are having a problem with the math, that’s nearly 4 bank closures every week this year.  This time it was a 59 branch regional bank based in Lincoln, Nebraska and two small community banks: one in Minnesota, the other in Illinois.  It is interesting that these closings by the Feds always take place on a Friday so that the news either never makes it to the public or is buried in the expanded Sunday editions.

The article notes that the rate of bank failures in 2010 is double that of last year.  But we continue to hear the “Part line” from the Empire that “all is well,” “the recession is over.”  When companies and individuals cannot repay loans on such a massive scale that banks have to shut their doors, something is still drastically wrong with the economy.  The spokesmen for Empire are lying!

When the Feds have to work so hard to cover their backsides, you should know that their houses of cards (credit cards) are falling around them.

Give me an honest and Free Tennessee.

From Solitude,
David O Jones

More than forty protests against the Federal Reserve were held yesterday, Sunday, the 22nd of November. The protesters are seeking an audit of the FED. They also want the FED to stop printing “money” that isn’t backed by REAL money (gold and silver).

This comes at a time when there is growing opposition to the FED’s conduct in Congress. Some pundits feel that there may be some lively verbal interaction at Senate confirmation hearings early next month on Emperor Obama's nomination of Fed Chairman Ben Bernanke to a second four-year term.

Some facts to remember. 1) The Federal Reserve is a private corporation. 2) The nomination and confirmation of the FED’s Chairman is pure “smoke and mirrors” intended to make the public think that the politicians control it. 3) With the power to “make or break” the economy by dictating interest rates and dictating the amount of FeRNs (Federal Reserve Notes) in circulation means that the FED owns the Congress and the President – lock, stock, and barrel.

Conclusion: Congress will do nothing of significance regarding regulation or control of the FED. You don’t bite the hand of the one who holds the choke-leash around your neck.

On another note, yesterday was the shared date of entering eternity of Aldous Huxley, author of Brave New World and noted non-Christian humanist; of C.S. Lewis, author of The Lion, the Witch and the Wardrobe and noted Christian novelist and thinker; and of John F. Kennedy, the last President to actually attempt to “buck” the FED. As well, legend has it that Robert of Locksley (Robin Hood) died on 22 November – the guy that supposedly robbed from the rich and gave to the poor.

Opposition to the FED and the death of these four individuals on the same day is what I call an interesting God-incidence. Only a firm reliance on Providence will save us. May He give us a Free Tennessee.

From Solitude,
David O Jones

Banking is not what it used to be. Today, the business of banking is the creation of slaves to debt.

Over the last thirty years, I have watched new banks started nearly every year. Each was billed as a “community” bank with a community focus. That lasted for only a brief time. The principle investors had found a cash-cow that they began to milk with abandon and after the allowable legal minimum of time sold the bank to a Yankee enterprise. They made a nice profit. Profit is not the problem; the problem is making profit the center of the enterprise. The community spirit was only a front for private gain.

The difference in banking from what was to what is is best illustrated by scenes from two films, one produced last year, the other in the 1940s.  The International is a suspense/action film which follows the investigation of an international bank which has presumably involved itself with a criminal/terrorist element. The following is a brief excerpt of dialogue from the film:

Female investigator—But why is the bank committing so much of its capital and resources to the sale of these missiles.

Arms manufacturer—It’s a test. Small arms are the only weapons used in 99% of the world’s conflicts. And no one has the capacity to manufacture them faster and cheaper than China. What [the banker] is attempting to do is to make the IBBC [International Bank of Business and Credit] the exclusive broker of Chinese small arms to the third world. …

Male Investigator—Yeah, but billions of dollars invested simply to be a broker. There can’t be that much profit for them.

Arms manufacturer—This is not about making profit from weapons sales. It’s about control.

Female investigator—Control the flow of weapons; control the conflict.

Arms manufacturer—No. No. The IBBC is a bank. Their objective isn’t to control the conflict, it’s to control the debt that the conflict produces. You see, the real value of a conflict, the true value, is in the debt that it creates. You control the debt, you control everything. [pause] You find this upsetting? Yes? But this is the very essence of the banking industry, to make us all, whether we be nations or individuals, slaves to debt.

The other film is Capra’s It’s a Wonderful Life. About mid-way through the film, George Bailey, the banker, is personally helping a family of Italian immigrants move from a rental house to a new home.

Bailey stands on the new porch and announces “Mr. & Mrs. Martini, welcome home.”

His wife Mary then presents a loaf of bread and a bag of salt to the new owners with the blessing, “Bread, that this house may never know hunger. Salt, that life may always have flavour.“

Bailey then joins the blessing by presenting a bottle of wine, “And wine, that joy and prosperity may reign forever. Enter the Martini castle!”

It is interesting that Hollywood has so accurately portrayed the changes in attitude and the corruption at the heart of our banking system today. Banking is no longer about providing financial services to a community, but rather controlling the debt of the community to the extent that everyone becomes a slave to the bankers.

Monarchs used to build their castles on hill-tops not only for defense but they also built towers from which they could survey their domain. Modern bankers do the same. Ensconced in multi-story steel and glass fortresses, they survey the cities and country-side which they control through debt. Providing debt with abandon, they enslave us all.

All of man’s enterprise must strike a balance between service and profit – they are not mutually exclusive of each other. In fact, when businesses are built upon the age-old and proven principles and ethics of Christianity, service and profit do quite well together. We need bankers who will again as George Baileys understand their position in the community as servants. In a society governed by Christian principles, the banker is a man of integrity who sees both his depositors and debtors as neighbours, friends, and fellow-travelers in the journey of life. Therein lies our freedom.

I yearn for a Free Tennessee.

From Solitude,
David O Jones