Sunday, April 20, 2014

Happy birthday to the Federal Reserve

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From page A7 | December 23, 2013 | 54 Comments

Today is the Federal Reserve’s 100th birthday and to add to the festivities, the popping of champagne corks, puffing of fat cigars, slaps on the back and lavish dinners in bankers’ homes all around this country, I would like to help the rest of us commemorate this day by telling you the story of its birth.

You may feel far removed from the machinations of these East Coast bankers, but even here in Fairfield, we have felt the sting of bank failures, panics, recessions and depressions. They hit us as unemployment, foreclosures and mightily reduced expectations, for ourselves, our businesses and our children.

Many history books will tell you that the drive for a national banking system came from the Bank Panic of 1907. Americans had suffered through such panics and depressions in the 1870s and 1890s and 1907 was “the last straw.”

In 1908, President Teddy Roosevelt signed into law a bill establishing the National Monetary Commission to investigate ways to modernize our nation’s banking industry to protect the American public from these types of manufactured banker shenanigans. Heading this group on a two-year taxpayer-paid tour of European central banks was Sen. Nelson Aldrich.

But the real work was not done by the public members of the Aldrich Commission, as Forbes Magazine founder Bertie Charles Forbes wrote in 1916: “Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundreds of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written.”

Forbes is describing the famous/infamous Jekyll Island meeting where representatives of the J.P. Morgan, Rockefeller and Rothschild banks met to discuss and design a banking system that would best serve their interests.

Republican Sen. Aldrich presented this plan to Congress, but since he was so intertwined with the nation’s large bankers, it was soon publicly given the disparaging term, “The Bankers’ Plan.” The plan’s main author, Jekyll Island participant Paul Warburg, quickly rewrote the bill and it was again presented to Congress, this time by the Democrats, as the Glass-Owen Bill.

Warburg, having written both bills, reassured his banker buddies: “Brushing aside the external differences affecting the ‘shells,’ we find the ‘kernels’ of the two systems very closely resembling and related to each other.”

Fellow Jekyll Island collaborator Frank Vanderlip wrote, “Although the Aldrich Federal Reserve Plan was defeated when it bore the name Aldrich, nevertheless its essential points were all contained in the plan that finally was adopted.”

Shortly before he signed the Glass-Owen Bill into law, President Woodrow Wilson addressed Congress with these words: “And the control of the system of banking and of issue, which our new laws are to set up, must be public, not private, must be vested in the government itself, so that the banks may be the instruments, not the masters, of business and individual enterprise and initiative.”

But the legislation creating the Federal Reserve that he signed into law 100 years ago today was written by and for the big bankers and all control is vested in private hands, not public.

So, happy birthday, master.

Mike Kirchubel grew up in Fairfield and is the author of “Vile Acts of Evil – Banking in America.” He can be reached at

Mike Kirchubel


Discussion | 54 comments

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  • 23, 2013 - 7:07 am

    To Read this Book Secrets of the Federal Reserve by Eustace Mullins use the address below...Thanks

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  • Book Suggestions....December 23, 2013 - 7:40 am

    1. The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin (Nov 30, 2010) ......2. End the Fed by Ron Paul.......3. Web of Debt by Ellen Brown.....4. The Public Bank Solution by Ellen Brown....5. No More National Debt by Bill Still.....6. Vile Acts of Evil by Mike Kirchubel

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  • The MisterDecember 23, 2013 - 7:43 am

    Should I send them a card? Maybe I should put a note in it. A Federal Reserve Note?

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  • Wikipedia...Federal Reserve ActDecember 23, 2013 - 7:51 am

    The Federal Reserve Act created a system of private and public entities; there were to be at least eight, and no more than 12, private regional Federal Reserve banks. Twelve were established, and each had various branches, a board of directors, and district boundaries. The Federal Reserve Board, consisting of seven members, was created as the governing body of the Fed. Each member is appointed by the President of the United States and confirmed by the U.S. Senate. In 1935, the Board was renamed and restructured. Also created as part of the Federal Reserve System was a 12 member Federal Advisory Committee and a single new United States currency, the Federal Reserve Note............................. With the passing of the Federal Reserve Act, Congress required that all nationally chartered banks become members of the Federal Reserve System. These banks were required to purchase specified non-transferable stock in their regional Federal Reserve banks, and to set aside a stipulated amount of non-interest bearing reserves with their respective reserve banks. Since 1980, all depository institutions have been required to set aside reserves with the Federal Reserve. Such institutions are entitled to certain Federal Reserve services. State chartered banks were given the option of becoming members of the Federal Reserve System and in the case of the exercise of such option were to be subject to supervision, in part, by the Federal Reserve System. Member banks became entitled to have access to discounted loans at the discount window in their respective reserve banks, to a 6% annual dividend in their Federal Reserve stock, and to other services..........................But Note that all Banks Involved are PRIVATELY OWNED..........Really people Research what the Federal Reserve really is..........

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  • PatriotDecember 23, 2013 - 7:52 am

    Good fact telling story Mike. How does the World Bank play into the Federal Reserve?

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  • Mike KirchubelDecember 23, 2013 - 8:54 am

    The World Bank consists of the same banker families. The only difference is that they get most of their money from the member banks. Good question.

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  • PatriotDecember 23, 2013 - 10:33 am

    We need to have another revolution and get rid of the control of the banks. The parties are just pawns for them.

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  • Mike KirchubelDecember 23, 2013 - 10:55 am

    So true.

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  • Mr. PracticalDecember 23, 2013 - 1:25 pm

    MIke, you did notice he said "parties." Plural?

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  • Mike KirchubelDecember 23, 2013 - 1:42 pm

    Mr. P, yes, both parties are under the control of the money powers. I have said many times that i am an Independent voter. I try to vote for the candidate who will best represent me and has a chance of winning. Lately, those have all been dems. How do you vote? Party line?

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  • PatriotDecember 23, 2013 - 1:52 pm

    Have been Republican but see that is not the answer. We need a new party that believes in the Constitution and will start to wean down these social welfare programs. People of all races and creeds deserve to be treated fairly. For the past 50 years I have seen one race treated unfairly: American Taxpayers!

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  • Mike KirchubelDecember 23, 2013 - 2:43 pm

    Pat riot, would you start by "weaning down" welfare for the wealthy and their corporations, or do you believe that only the weak should be weaned from the government teat?

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  • PatriotDecember 23, 2013 - 7:46 pm

    hey Mike, the rich made their money the good old fashion way. The poor need to be weaned off of welfare and put to work to change their attitude about feeling good about handouts. Don't get me wrong people need to be helped out but not for generations of the same families. We should not put down the rich as they for the most part earned it in our capitalistic society. Going after the rich is a lousing proposition. Tax them more, they are smart enough to take the tax but find more ways to make more money.

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  • rlw895December 23, 2013 - 10:05 pm

    Patriot: "Tax them more." Do your really mean that?

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  • PatriotDecember 24, 2013 - 6:52 am

    sure Obama and his liberals want more from the rich in the form of higher taxes. It won't work.

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  • rlw895December 24, 2013 - 8:37 am

    Do you mean it won't raise more revenue?

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  • 23, 2013 - 7:56 am

    An IMPORTANT CONCEPT to grasp....Money as Deb Banks do truly create money out of is created as an outstanding loan and entered on the "ledger accounts" of banks.....If someone else can explain this better please do....Youtube........... Money as Debt

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  • 23, 2013 - 8:21 am

    Some History.....The City World Conquest: Part I | AntiCorruption Society

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  • Wikipedia Woodrow Wilson....A Democrat and a ProgressiveDecember 23, 2013 - 9:08 am

    Thomas Woodrow Wilson (December 28, 1856 – February 3, 1924) was the 28th President of the United States, in office from 1913 to 1921. A leader of the Progressive Movement, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913. With the Republican Party split in 1912, he was elected as a Democrat. In his first term as President, Wilson persuaded a Democratic Congress to pass a legislative agenda that few presidents have equaled, remaining unmatched up until the New Deal in 1933.[1] This agenda included the Federal Reserve Act, Federal Trade Commission Act, the Clayton Antitrust Act, the Federal Farm Loan Act and an income tax. Child labor was curtailed by the Keating–Owen Act of 1916, but the U.S. Supreme Court declared it unconstitutional in 1918. Wilson also had Congress pass the Adamson Act, which imposed an 8-hour workday for railroads.[2] Wilson, at first unsympathetic, became a major advocate for women's suffrage after public pressure convinced him that to oppose women's suffrage was politically unwise. Although Wilson promised African Americans "fair advancing the interests of their race in the United States", the Wilson administration implemented a policy of racial segregation for federal employees.[3] Although considered a modern liberal visionary giant as President, in terms of implementing domestic race relations, however, Wilson was "deeply racist in his thoughts and politics, and apparently was comfortable being so."[4]..................But having said this the Republicans at the top are just as Bad (almost)....remember the Global Bankers always try to control and manipulate both sides Republican and Democrat....and that all wars are bankers wars.

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  • Today Monday on InfowarsDecember 23, 2013 - 9:11 am

    On this Monday, December 23 edition of the Alex Jones Show, Alex takes a look at the sordid century-long track record of the Federal Reserve with G. Edward Griffin, author of the definitive book on the bankster cartel operation masquerading as a federal agency, The Creature from Jekyll Island. Alex also covers the idiocy of Americans brawling over Air Jordan sneakers during this festive holiday and the ongoing Phil Robertson and Duck Dynasty skirmish in the culture war. Also on today's worldwide broadcast, Alex talks with constitutional lawyer and author Bruce Fein about the Obama administration's move toward dictatorship and unaccountability to the American people. Fein is the author of American Empire Before the Fall and Constitutional Peril: The Life and Death Struggle for Our Constitution and Democracywwwinfowarscom

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  • ed newtonDecember 23, 2013 - 4:28 pm

    this is way beyond armijo high history class

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  • Rhee MedboyDecember 23, 2013 - 6:58 pm

    I'm a bit young to remember, but I believe Kennedy decided to print US bank notes, backed by our gold reserves. It was shortly thereafter he was assassinated. Rumor? Truth? A conspiracy thing? I guess we'll never know.

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  • Mike KirchubelDecember 23, 2013 - 7:21 pm

    I believe it was executive order 11110, that Kennedy signed which gave the Sec. Of the Treasury the power to print silver certificates without asking the president for permission. That was no big deal, but he was printing U.S.Notes! That was a big deal. U.S. Notes are issued without debt. By the treasury, not the federal. Reserve. The last president to do that was Lincoln, and he was shot in the head too.

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  • Mike KirchubelDecember 23, 2013 - 7:30 pm

    Once again, i am not reporting my own comment. Please space your buttons further apart. To further answer your questiin, the U.S. Treasury Notes were not backed by gold or silver, they were backed by the full faith and credit of the u.s. government. I would love to see these notes in circulation. They are collectors items and you can buy one on ebat. Just type in "u.s. treasury note." Almost everyone you'll see was printed in 1962 or 1963. Johnson stopped the presses the day after he took over.

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  • All these presidents were involved with the JFK AssassinationDecember 23, 2013 - 7:46 pm

    L.B. Johnson ( A DEMOCRAT ). G.H.W. Bush...G. Ford...R. Nixon......see once again same same....No difference, just a tag team that completes items on the NWO agenda...Obama took out Egypt, Libya and is now working on Syria and Iran for the Globalist bankers and Israel.....Also you can see the Globalists want our guns...they are slowly sabotaging all businesses in America...Healthcare, finishing off the auto industry....devastating the Military replacing it with Drones and Mercenaries were possible and fighting wars against innocent populations which demoralize the troops....and remember 9/11 was an inside job on the Republican Watch with the help of the top Democrats.

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  • rlw895December 23, 2013 - 10:15 pm

    StR: Stop! You're drifting again.

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  • rlw895December 23, 2013 - 10:10 pm

    Can we stop burying the hatchet in each other long enough to agree that "the people" must rise up to demand banking reform from a two-party system that won't do it because of the influence on money in politics? We don't seem to be able to get the money out of politics, but we don't need to do that if we can fend off the influence money tries to buy and get smart, informed, and active about reforms. We should try to make the words of Woodrow Wilson reality. I can't think of a better leader for this effort than Senator Elizabeth Warren. Follow her closely.

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  • rlw895December 23, 2013 - 10:12 pm

    Mike: One thing I would like to know is, was the system we had before better than what we got with Glass-Owen?

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  • Maybe You should actually read Mike's Book....December 24, 2013 - 9:02 am

    Vile Acts of Evil...........

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  • rlw895December 26, 2013 - 9:04 am

    I was thinking that as I pushed the "post comment" button. But it's easier just to ask.

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  • Today Tuesday on InfowarsDecember 24, 2013 - 9:00 am

    On this Christmas Eve special encore presentation of the Alex Jones Show, Alex talks with Canadian author, philosopher and host of Freedomain Radio Stefan Molyneux on how the ascension of humanity will only be achieved through truth, evidence and reason. Molyneux also exposes the dangers of following a lemming-like, conformist mentality encouraged by state propaganda. Robotics expert Dr. Noel Sharkey also discusses the future of autonomous, killer robots deployed domestically. James David Manning, chief pastor of the ATLAH World Missionary Church in New York City, breaks down how Obama uses economic and social policies as his army to forge a modern dictatorship.wwwinfowarscom

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  • Google...December 24, 2013 - 9:10 am

    Farce of Globalism: World Bank Becomes Top Cop? December 21, 2013 The Daily Bell Anthony Wile

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  • 24, 2013 - 9:15 am

    I do not believe everything David Icke reports....but this was taken from another source and properly reflects the attitude of the top Satanists..

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  • 24, 2013 - 9:22 am

    Google...Is New Oz PM Head of Satanist Lodge? July 13, 2010 by Henry Makow Ph. mentioned in the "confessions" this is the person most suspect he was talking about....and remember the more perfectly possessed you are the better you tell lies with no remorse......All the top politicians are chosen by the Luciferian Banking Elite as much as possible in every country, not just the US.

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  • ConfessionsDecember 24, 2013 - 9:40 am

    Kissinger refined Hitler’s ‘Terror Technique’ into the more subtle and powerful ‘Tension Technique’: building tension in society and then finding a scapegoat. Dark Path adepts do this in insignificant ways until they have the power and ability to move and direct people to more gross and hideous behaviours. In Australia recently, the Business Activity Statement for taxation purposes and the ‘immigration debate’ have worked exceptionally well. The ‘War on Terror’ has also been of incalculable international influence (even more so than La Vey’s Satanic Bible continues to be). The rhetorical façade for George’s Presidency may be Christian, but the plan is otherwise! (And for all of the new arrangements the sheeple have adopted, it was still safer to walk the streets in the Second World War than it is now. This is true of all the capital cities of the combatant nations.)......................................... If you doubt the influence of Satanism in the modern world consider the following issues: According to the World Bank, Australia is the wealthiest (or second wealthiest, after South Africa) nation on Earth. No one knows the full extent of Australia’s natural resources and yet the living standards of Australians is getting worse each year and while Australians are amongst the most highly taxed people in the world we are quickly heading towards third world nation status. Who owns and controls the Reserve Bank of Australia (hint, it is the same people who own the American Federal Reserve and the Bank of England)?

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  • ConfessionsDecember 24, 2013 - 9:47 am

    Why do overseas-owned companies pay so little taxation in Australia and why does the Australian government (of whichever political persuasion) allow overseas mining conglomerates to rape our environment and give Australians back next to nothing in return?.................................. Why was fluoride put into Australia’s water supply and why is it impossible to have it removed?....................... Are you seeing a pattern here?.............................. Why is the media of the ‘Free World’ so heavily controlled and their shamefaced relationship to government so symbiotic?....................... Why have the educational standards of the Western World been forced to ‘dumb down’ (a process accelerated in the 1980s by both Spielberg and Lucas at the instigation of the Australian Alpha Lodge)?............................... Why has multiculturalism been foisted upon the ‘First’ World (with the exception of Japan)?............................ And who was behind the September the 11th operation?....................... Which country’s ‘Intelligence Agency’ supplied the W.M.D. story which ’caused’ the Iraq invasion? (Hint, it was not a Christian or Islamic nation)..................................... The fact is that Alpha Lodge politicians (or political advisors) appreciate that if they pretend to respect the rights of sheeple and fain interest in their concerns, even though most realise that this is a ruse, they will go along with the programmes and policies because it is the line of least resistance. The democratic process allows them to express some of their frustrations, reduces the pain of their pent up depression and aggression while ensuring that nothing changes. You can see the same Representative Democracy political system everywhere it has been implemented.

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  • Wikipedia....December 24, 2013 - 2:48 pm

    List of countries by GDP (PPP) per capita

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  • 24, 2013 - 2:52 pm


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  • 24, 2013 - 2:58 pm

    Seven generations............ As brokers and financiers, as bankers to royal houses and governments, as railway magnates, politicians, personalities, patrons and philantropists, the Rothschilds have never forgotten how to "walk with Kings - nor lost the common touch"...................... The Rothschilds have thus remained united in every endeavour, from the creation of De Beers and the financing of Royal Dutch to the privatisation of the Banque de Paris et des Pays-Bas. Today, the family's British, French and Swiss institutions and their subsidiaries, especially along the Pacific Rim, have matched their skills to the new requirements of venture capital and financial engineering.

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  • 24, 2013 - 3:01 pm

    Google.....Rothschild Luxembourg

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  • Holy Cow! CAUTION...Politically Incorrect, Bad Words, ViolenceDecember 24, 2013 - 2:35 pm

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  • 24, 2013 - 7:10 pm

    This is interesting....The set up of World rule by The Lords of Finance, who actually serve a hidden hand of evil and not the God of Abraham, not true Israelites, all has been infiltrated Catholicism, Monarchies, Protestant organizations, ALL GOVERNMENTS and financial institutions, Islam the wealthy of this class and NOT the average person of Jewish ancestry....

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  • 24, 2013 - 7:38 pm

    Jean Silvio Gessell (1862-1930) was a merchant and finance theoretician who founded the Freiwirtschaftslehre (Doctrine of Free Economy). He was best known for his book, The Natural Economic Order. Gesell made this prescient statement in 1918 at the signing of the Armistice prophesising a second even more devastating World War. Gesell's main argument was that the prevailing system of usury was innately corrupt and that it should be abandoned for a more equitable system: that is, from a monetary system based on interest to one without. According to Gesell, the main consequence of International Usury, of interest and compound interest as practiced by the Banking System, was that it made war inevitable. This of course did not bother the cartel of central Bankers, in fact, they welcomed it, for, war makes them vast profits. Human beings are not only voraciously consumed by wars; natural resources are too, bestowing huge profits upon usurers in the process. For instance, the financial cost of the Great War to Germany was $38 billion; Britain expended $35 billion, France $24 billion, Russia $22 billion, USA $22 billion and Austria-Hungary $20 billion. In total, the First World War cost the Allies around $125 billion and the Central Powers $60 billion. This money was effectively taken out of government reserves and out of taxpayers' pockets and given to those bankers, manufacturers and their agents who provided the wherewithal for Western Christian Civilisation to nearly destroy itself. Gesell, on the eve of the signing of the Versailles treaty, could see that the seeds of a terrible future war were sown at Versailles in 1919, but died before he could witness that what he prophesied. Moreover, the very same mechanism for strife and uncertainty was further ratified in seeming perpetuity at the United Nations Monetary and Financial Conference at Bretton Woods in 1944. Jean Silvio Gessell: newspaper article in German language newspaper Zeitung am Mitag (1918)

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  • NFSD The Largest Dam in The WorldDecember 24, 2013 - 9:32 pm

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  • Interesting....Wikipedia...December 25, 2013 - 8:58 am

    United States federal budget

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  • Today December 25 on InfowarsDecember 25, 2013 - 9:13 am

    December 25, 2013. Merry Christmas and Happy Holidays from Alex Jones and the Infowars crew. We present an encore presentation today featuring talk radio host John B. Wells and trend forecaster Gerald Celente. Mr. Wells is the Saturday evening and the 2nd Sunday evening host of Coast to Coast AM and his voice talent is featured in Houston: The Legend of Texas, Talk Radio, JFK and Hexed, and television series such as Team Knight Rider, Deadliest Catch and Gold Rush. Gerald Celente is the founder of the Trends Research Institute and he is a pioneer trend strategist. Celente is the author of the national bestseller Trends 2000 and Trend Tracking and publisher of the internationally circulated Trends Journal newsletter.wwwinfowarscom

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  • rlw895December 26, 2013 - 9:06 am

    Ever wonder why no one replies to you? You end up talking to yourself.

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  • Can't please Everyone so got to please YourselfDecember 26, 2013 - 9:15 am

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  • George Thorogood Dust My BroomDecember 26, 2013 - 9:41 am

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  • Looking 4 content...Check this out...Today Thursday on InfowarsDecember 26, 2013 - 9:27 am

    On this special Thursday, December 26 broadcast of the Alex Jones Show, we highlight an amazing series of encore interviews beginning with former Congressman Dr. Ron Paul's recent discussion on the egregious overreach of the Executive Office, as well as his take on the Syrian conflict, the attack on the real Tea Party, the future of the controlled media and more. Alex also speaks with nationally recognized board-certified neurosurgeon and author Dr. Russell Blaylock for a health practitioner's analysis of the Un-Affordable Care Act, the vaccine hoax, and the global aerial chemical assault via chemtrails. We round out the show with an in-depth look at the NSA's spy tale fabrications as investigative journalist and former NSA technician Wayne Madsen relays key intel based on information obtained through confidential sources outlining the NSA’s secret backroom deals with several European countries. The Infowars team would like to wish everyone a Merry Christmas and happy holidays.wwwinfowarscom

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  • Still Report #152 -- Arctic IceDecember 27, 2013 - 10:37 am

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  • Interesting....December 27, 2013 - 2:45 pm

    REPORT: Billionaire Bill Gates Got Bailed Out In Ireland - Home ... Apr 30, 2013 Dailybail com

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  • Check this outDecember 27, 2013 - 7:55 pm

    The Federal Reserve Is Holding A Conference On Jekyll Island To Celebrate 100 Years Of Dominating America: “A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve” By Michael Snyder, on November 3rd, 2010 theeconomiccollapseblog

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  • also...December 27, 2013 - 7:58 pm

    On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever By Michael Snyder, on December 22nd, 2013

    Reply | Report abusive comment

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Survivors keep busy as Boston Marathon approaches

By The Associated Press | From Page: B6



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By The Associated Press | From Page: B7

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By The Associated Press | From Page: B7

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By The Associated Press | From Page: B8

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By The Associated Press | From Page: B13

Recalls this week: lanterns, exercise devices

By The Associated Press | From Page: B13

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By The Associated Press | From Page: B14



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