The Federal Reserve Is Hiring Lots Of New Armed Police Officers Paul Joseph Watson Infowars.com January 6, 2014 Mirroring trend seen across federal government Mirroring a trend seen across the federal government, the Federal Reserve is hiring a raft of new police officers and security guards, developments that some see as preparation for civil unrest. Despite only being as â€œfederalâ€? as Federal Express, the Federal Reserve central banking system has its own law enforcement arm, officers belonging to which are lawfully allowed to be armed both on and off duty, including with semi-automatic pistols, assault rifles and submachine guns. Ads posted on job websites catering for the Federal Reserve suggest that demand for law enforcement personnel and protection officers is increasing.
“At last check, there were over 1000 sworn members of the Fed police force. And judging by the recent spike in appearances of such “help wanted” ads as those shown below, that number is too low,” reports Zero Hedge. “We expect many more job postings such as these to appear in the coming weeks and months: in fact, we are willing to predict that the closer we get to a “renormalization” of the Fed’s balance sheet, the faster the hiring of Fed cops.” The hiring of new armed guards to protect infrastructure is an emerging trend being replicated across the federal government. Last week we highlighted how the Department of Homeland Security is spending up to $58 million dollars to hire armed guards to protect just two Social Security buildings in Baltimore. Back in November we highlighted how the DHS was looking to hire armed guards with “top secret” security clearances in Wisconsin and Minnesota. A month prior to that, the DHS’ $80 million dollar outlay on armed guards to protect government buildings in upstate New York prompted Fox News’ Neil Cavuto to speculate that the feds were preparing for violence in response to cutbacks in the food stamp program. In October it emerged that Homeland Security was set to spend half a million dollars on fully automatic pepper spray launchers and projectiles that are designed to be used during riot control situations. While the feds will continue to downplay this activity as nothing out of the ordinary, it is clear that authorities are at least making preparations for some form of domestic unrest, whether it actually occurs or not.
Rand To Stand Against Yellen Nomination Infowars.com January 6, 2014 Kentucky Senator Rand Paul announced via Twitter today that he will be speaking in opposition of Obama nominee and Council on Foreign Relations member Janet Yellen to chair the Federal Reserve, carrying on the legacy of fed distrust his father set before him.
“I will speak on the Senate floor this afternoon in opposition to the nomination of Janet Yellen to the Federal Reserve,” Sen. Paul announced Monday morning, also pointing out the fed’s corrosive addiction to money-printing.
Earlier this year, Sen. Paul sent a letter to Sen. Majority Leader Harry Reid explaining he would issue a formal objection to Yellenâ€™s nomination unless the Senate held an up or down vote on his S. 209 legislation, a bill known as the Federal Reserve Transparency Act, which passed the House with a vote of 327 to 98, but has been stalled in the Senate for three years. Previously, Sen. Paul led a 13-hour long filibuster against the nomination of CIA chief John Brennan, over the Obama administrationâ€™s refusal to give a straight answer on whether or not they would target American citizens on American soil with drones. Check back for updates..
JPMorgan Chase To Pay $2.0 Billion To Avoid Madoff Investigation: Reports AFP January 6, 2014 JPMorgan Chase, the US bank used by Bernard Madoff who masterminded the biggest fraud on record, has agreed to pay about $2.0 billion to US authorities to avoid litigation, press reports said Monday. Madoff masterminded a massive and long-running so-called Ponzi investment fraud which came to light in 2008 as the financial crisis gathered speed. At the time of its collapse in 2008, Madoff Securities claimed it
had about $65 billion in client assets, whereas in fact it had only about $300 million. The fraud ruined many investors and stoked public anger over the causes and consequences of the crisis. Reports in the Wall Street Journal and the New York Times, citing people close to the matter, said JPMorgan Chase would announce the settlement this week. The Wall Street Journal said: “The bulk of the fines are expected to be routed to victims of Mr. Madoff.” JPMorgan Chase, the biggest US bank by assets, was the main bank used by Madoff for more than 20 years. The sources quoted by the two papers said the bank had agreed to pay up to close criminal and civil investigations by federal authorities which suspected that the bank had ignored signs that Madoff was operating a fraudulent scheme. The New York Times said that the expected announcement would take to $20 billion the total amount paid by the bank in the last 12 months to settle various government investigations. The paper noted that the bank had declined to comment on its report but had insisted that all of its staff had acted in good faith. The various authorities involved also declined to comment. The New York Times also reported that in a highly unusual move demonstrating the extreme gravity of the case, the settlement would include a deferred prosecution agreement suspending criminal action provided that the bank acknowledged the facts against it and changed its behaviour. The expected settlement indicated a new conciliatory stance by the bank, the report said, adding: “Within the bank, there is growing impatience among executives who worry that the scrutiny distracts from its record profits.” However, the bank was the target of recent bribery investigations by US authorities over its practise of hiring in China the children of people among the country’s ruling elite, the newspaper noted. In 2009, Madoff was sentenced to 150 years in prison. His Ponzi or pyramid scheme was based on using money from incoming investors to pay high returns to longer standing investors. When the financial markets collapsed and investors withdrew their funds, the Madoff illusion was exposed. The liquidator of the Madoff business, Irving Picard, had begun action against the bank with a claim of up to $20 billion in damages, but a federal judge and then an appeal court rejected this action, arguing that only investors who had been deceived could launch them. However, that procedural issue is now before the Supreme Court.
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