Bernanke warns lawmakers nation headed for “massive fiscal cliff”

http://thehill.com/blogs/on-the-money/801-economy/213351-fed-boss-warns-of-massive-fiscal-cliff

Congress risks taking the economy over a “massive fiscal cliff,” Federal Reserve Chairman Ben Bernanke warned lawmakers on Wednesday.

In remarks that hit Wall Street stock prices, the central bank boss suggested the economy could hit a serious roadblock if Congress allows the Bush tax rates and a payroll tax cut to expire and $1.2 trillion in spending cuts to be implemented simultaneously in January.

“Under current law, on Jan. 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases,” Bernanke told the House Financial Services Committee. “I hope that Congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date.

“All those things are hitting on the same day, basically. It’s quite a big event.”

The tax hikes and spending cuts could knock GDP growth in 2013 down from 2.6 percent to 1 percent, according to Andrew Fieldhouse, a federal budget policy analyst with the liberal Economic Policy Institute .

“There is obviously a huge fiscal drag pending if Congress adheres to existing law,” he said.

———-

they keep warning us..they really do..are we listening?

so many will miss the clues and wake to “shocks”

401

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~ by seeker401 on March 4, 2012.

44 Responses to “Bernanke warns lawmakers nation headed for “massive fiscal cliff””

  1. You can warn all you want, but when you don’t fix the fiscal/monetary policies that caused the mess, what is the point of warning? As far I can see, instead of tightening credit, they loosen it up… instead of breaking bad investments, they throw more money at it… instead of eliminating debt (at slow the rate of debt.. I mean come on!), more debt is needed…

    Funny thing is, they cry Keynesian theory so much these days, but where was the surplus and higher taxes during the boom ;)

    • governments pretending to fail?

      • Masters of Deception – Ron Paul and Ben Bernake have created the image that they hold opposing policy on the monetary system but I believe this made for television drama is a two headed snake. They play out their roles as good guy vs bad guy leaving us with a clear choice for who is well qualified to oversee the creation of a new global monetary system. Clearly the public is being educated in the critical need for a sound monetary system but by whom?
        Prior to C-span we did not have live televised hearings. C-span came to Washington when Hollywood came to Washington in the form of The Great Communicater – Ronald Reagan. Washington is a stage where both drama and comedy are performed. We are led to believe Ron Paul vehemently opposes the Fed but the sound bites we are offered are simply an old man with false teeth and no bite. Together Paul and Bernanke are leading us to the inevitable.

        Brian Lamb – is the founder and chief executive officer of C-SPAN, a television network dedicated to coverage of government proceedings and public affairs… He graduated from Purdue University, where he was a member of Sigma Alpha Epsilon fraternity, with a Bachelor of Arts,[1] then joined the United States Navy. Lamb has said his time in the Navy “was probably the most important thing [he's] ever done”. After two years at sea Lamb was transferred to the audiovisual office of the Assistant Secretary of Defense for Public Affairs.
        In 1977, Lamb submitted to cable executives his idea of a non-profit channel that would broadcast Congress.[10] Said Lamb, “The risks weren’t very significant. No one knew who I was. If I failed, so what?”[1] The idea was approved and Lamb, three other men, and an annual budget of US$450,000 began broadcasting on March 19, 1979.
        Sigma Alpha Epsilon
        http://en.wikipedia.org/wiki/Sigma_Alpha_Epsilon

        Secret Ritual of Sigma Phi Epsilon 1984

        Sigma Phi Epsilon is a masonic based or derived fraternity in the United States. The disclosure has been authenticated by the following legal demand: Sigma Phi Epsilon censorship demand to Wikileaks over secret ritual book, Oct 2008.
        http://wlstorage.net/file/secret-ritual-of-sigma-phi-epsilon.pdf

        On Dec 21, 2010 C-span honored the Winter Solstice by airing
        George Washington Masonic National Memorial – Dec 21, 2010
        http://www.c-spanvideo.org/program/Masoni

      • http://www.zerohedge.com/news/switzerland-wants-its-gold-back-new-york-fed
        Looks like its not just Venezuela

      • Jim Sinclair – There Will Be a Run on Gold Stored in the US

        http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/1/19_Jim_Sinclair_-_There_Will_Be_a_Run_on_Gold_Stored_in_the_US.html

        March 7, 2012, at 9:36 am
        by Jim Sinclair in the category Jim’s Mailbox | Print This Post | Email This Post
        Dear Jim,

        Yesterday we had an article in “Bild,” today in “Handelsblatt,” in Germany concerning the German gold reserves. The content of both articles is questioning the Deutsche Bundesbank, because there is no official proof or audit. It is already in a German court to put pressure on the Bundesbank. Now they (the Press) asks why Germany is not taking its gold back home. The Bundesbank denied to answer other than the usual statement to keep the gold in different centres for trade reasons.

        Kann die Bundesbank über ihr Gold noch verfügen?

        BILD beim Goldschatz der Deutschen in New York

        All the best,
        CIGA Michael, from Metallwoche.de

        Dear Michael,

        Is it not silly for Germany not to hold their own gold? You can be sure most of it is at the NY Fed. Maybe a few ounces are located elsewhere.

        Jim

      • ny fed ;)

      • do they know how to whistle?

  2. every Person in this C ountry need to ask for
    http://en.wikipedia.org/wiki/Odious_debt is possible than debt jubilee

  3. Credit;Brian Lamb
    http://en.wikipedia.org/wiki/Brian_Lamb

    • excellent research rev..brian lamb..and the navy..2 years..but the most important of his life..uh huh..i bet he never went on a ship!

  4. No one knew who I was ???
    three other men ???
    Did you check out the secret ritual book?
    http://wlstorage.net/file/secret-ritual-of-sigma-phi-epsilon.pdf

    • nobody knew who he was but allowed him to record and film all televised hearings??..that doesnt happen..he was selected

      will look at the pdf..thanks

    • i am getting an error message on the pdf :(

  5. Go here under ‘ download ‘ click ‘ file ‘
    http://wikileaks.org/wiki/Secret_Ritual_of_Sigma_Phi_Epsilon_1984

    • still wont load :(

    • the first link worked for me but it was very slow; pdf is just 32 pp don’t know why it is so slow to load(?); I am using a regular pc.

      • Great thanks!

      • yeah i still cant get it..anything you can copy that looks good?

      • it seems pretty tame, jmo, nothing especially “masonic like”; I just tried link agin and it went quite fast: maybe whatever the problem with the site has been resolved(?)

      • 33rd grand chapter conclave..denver colorado!

        got it up..its interesting and very similar i would say to other secret clubs

      • Some interesting names in this club …

        Perdue Interfraternity Council

        http://www.purduegreeks.com/councils/ifc/history.php

      • Since the founding of the Sigma Chi chapter in 1875, Greek letter organizations have maintained a steady and influential presence on Purdue’s campus. Most growth in chapters and membership occurred between 1905 and 1960. Several of Purdue’s most distinguished graduates are members of fraternities and sororities

        Purdue Greek Alumni Greeks Associated With Purdue
        Guy “Red” Mackey ’29 – Sigma Pi
        Mackey Arena is named after his service Martin C. Jischke – Delta Tau Delta
        Previous President
        Neil Armstrong – Phi Delta Theta
        Astronaut – Apollo 11 George Ade – Sigma Chi
        Philanthropist (Ross-Ade Stadium)
        Birch Evan Bayh – Alpha Tau Omega
        Senator (1963-1981)
        Steven C. Beering – Kappa Sigma
        President Emeritus
        Len Dawson – Alpha Tau Omega
        Football Hall of Famer – Browns Stanley Coulter – Beta Theta Pi
        Dean of Students (Stanley Coulter Hall)
        Bob Griese – Sigma Chi
        Football Hall of Famer – Dolphins Joe Tiller – Delta Sigma Phi
        Formert Football Head Coach
        Jim Everett – Sigma Chi
        Football Star – Rams Gene Keady – Sigma Phi Epsilon
        Former Basketball Head Coach
        George Peppard – Beta Theta Pi
        Actor – The A-Team R.B. Stewart – Alpha Chi Rho
        Purdue Administrator (Stewart Hall)
        Dr. David Wolf – Alpha Tau Omega
        Astronaut – Mir Station Brian Lamb – Phi Gamma Delta
        Founder of C-Span
        John Wooden – Beta Theta Pi
        Basketball Coaching Legend – UCLA
        Ray Ewry – Sigma Nu
        Most all time Olympic gold medals
        Orville Redenbacher – Alpha Gamma Rho Popcorn Mogul

      • oh hi neil armstrong *waves

  6. Strange, I can open it now from any of the above links.

  7. I’ve had no success trying to copy, someone photographed the book, page by page in pdf

    The Ritual and Guide of
    Sigma Phi Epsilon Fraternity

    Authorized by 33rd Grand Chapter Conclave
    Denver Colorado
    64 pages Detailing Initiation Rites

  8. it seems pretty tame, jmo, nothing especially “masonic like”
    NomNomNom said this on March 5, 2012 at 10:46 am

    Nom,
    These oaths may seem harmless but are in fact Satanic rituals, the oath is taken in the name of the secret society and is a covenant with Satan for life.
    Revere Yahweh your Elohim, serve him only and take your oaths in His Name. 14 Do not follow other gods, the gods of the peoples around you; Deuteronomy 6:13
    33 “Again, you have heard that it was said to the people long ago, ‘Do not break your oath, but fulfill to Yahweh the vows you have made.’ 34 But I tell you, do not swear an oath at all: either by heaven, for it is God’s throne; 35 or by the earth, for it is his footstool; or by Jerusalem, for it is the city of the Great King. 36 And do not swear by your head, for you cannot make even one hair white or black. 37 All you need to say is simply ‘Yes’ or ‘No’; anything beyond this comes from the evil one. Matthew 5:33
    Ron Paul was initiated in the Lambda Chi Alpha Fraternity at his alma mater, Gettysburg College, in Pennsylvania. The November 2007 issue of Lambda Chi Alpha’s publication, Cross & Crescent, proudly announced “Ron Paul’s Presidential Bid.” Ron Paul was not only a member but a leader of Lambda Chi Alpha.
    “Congressman Ron Paul (Gettysburg 1957) says the Fraternity provided him much fellowship but also supported him financially. He became house manager and was paid $9 a month, which paid for his rent. He then took the job of kitchen steward, which he says was a little more challenging… Paul also served as chapter secretary and was president of his pledge class.”

    The June 2006 issue of Cross & Crescent featured an article about the initiation ritual of Lambda Chi Alpha, which was formulated by 33º Mason and Worshipful Master of a Masonic Lodge, John E. Mason. “John (‘Jack’) E. Mason – Master Craftsman” states:
    “Dr. John E. ‘Jack’ Mason Jr. (Pennsylvania 1913), Lambda Chi Alpha’s spiritual founder, died of viral pneumonia 60 years ago on June 1, 1946. His unexpected death brought to an end the life of a man who converted the dream of our founder into a fully functioning fraternal organization.
    “Mason was the principal author of our ritual, the primary designer of our badge and insignia, and the founder of our various publications… Mason was a prolific and tireless worker, and…he was considered ‘a recognized authority in ritual and history in the fraternity world’… Lambda Chi Alpha owes a debt incapable of repayment to Jack Mason, who was principally responsible for the assembly of our initiation ritual…
    “Mason was an active member of the Masonic Fraternity, serving as the Worshipful Master of Continental Lodge #738, F.& A.M. of Pennsylvania in 1934. Later in his life he became a member of Philadelphia Lodge #51.
    “In 1946, the 20th General Assembly authorized the establishment of the John E. Mason Memorial Foundation to commemorate his many contributions. In 1968, the Mason Memorial Foundation, the Duke Flad Memorial Fund, and the James T. Chirurgs Scholarship were merged into the Lambda Chi Alpha Educational Foundation.
    “The most fitting monument, however, to Mason’s great talent remains the Ritual of Lambda Chi Alpha Fraternity.”

    The November/December 1929 issue of Cross & Crescent presented a wealth of details on the occult history and character of Lambda Chi Alpha’s ritual. The section titled, “Fraternitys Ritual of Ancient Origin” states:
    “In the summer of 1912 Mason, being dissatisfied with the then ritual of Lambda Chi Alpha,… began gathering material for a ritual which should incorporate existing insignia and combine them with high ethical teaching, traditions drawn from the remote past, a certain degree of esoteric philosophy, and specific perpetuation of old fraternal rituals. Particularly, Mason hoped that he could locate, in some European library, one or more ancient manuscripts which would embody long forgotten ritualistic teachings. He therefore pored over histories of ancient and medieval fraternal bodies, books on occultism, catalogues of notices and extracts from libraries, etc. At once a new field opened up.
    “The outlines of fraternal history were sought in such books as Heckethorn’s Secret Societies of All Ages and Stevens’ Cyclopedia of Fraternities (copies of which are now in the central office library); books on the mystery cults of Egypt, the Orient, Greece, and Rome, by such authors as Wallis-Budge, Foucart, Cumont, Farnell, Jane Harrison, Lobeck, and many another; books on the esoteric cults of the East, by writers like Max Muller, Whitney, and Rhys-Davids; modern books on occultism like those of Mme. Blavatsky, Annie Besant, Eliphas Levy, Rudolph Steiner, Edouard Schure, and A. E. Waite; books on Masonry like those of Gould, Fort, and Mackey – all were devoured eagerly; all were laid under contribution, and voluminous notes were made from them. 251 South 44th St., Philadelphia, was littered up with a strange collection of occult and fraternal lore…
    “…Out of all these emerged a formidable collection of notes for the new ritual. In later years, from these same notes was extracted the text of the lecture on fraternal traditions…
    “…Out of this welter of material, a few typical and important lessons were extracted. What they are is well known to every initiate. It is not so well known that several portions of our ritual are extracted from ancient fraternal documents, which had lain hidden for many years until they were dug up for use in this connection.”
    The historical founder of Lambda Chi Alpha fraternity was René d’Anjou, the ninth Grand Master of the Priory of Sion. According to Wikipedia, René of Anjou founded the chivalric Order of the Crescent, the namesake of Lambda Chi Alpha’s publication, Cross & Crescent. The rituals of Lambda Chi Alpha are based on the rituals of René d’Anjou’s Order of the Crescent.
    “René of Anjou…founded an order of chivalry, the Ordre du Croissant, which preceded the royal foundation of St Michael, but did not survive René…
    “René and his Order of the Crescent were adopted as ‘historical founders’ by the Lambda Chi Alpha Fraternity in 1912, as exemplars of Christian chivalry and charity. Ceremonies of the Order of the Crescent were referenced in formulating ceremonies for the fraternity.”
    The Cross & Crescent made reference to “good King Rene” as the patron of the Order of the Crescent, the precursor and founding body of Lambda Chi Alpha:
    “In connection with the esoteric traditions of the order has grown up an interest in visiting the scenes where fraternal bodies of the past have met. Thus in 1925 McIntosh and Mason visited Aigues Mortes, traditions meeting place of St. Louis’ Knights of the Double Crescent; the haunts of good King Rene, patron of the Order of the Crescent, in Tarascon and Aix; and in 1927 Mason and Nicholson paid a simjlar visit to Angers, Rene’s birthplace. Brother Ferris, also, has made a fraternal pilgrimage to Tarascon, one result of which is a beautiful water color sketch of Rene’s castle by Mrs. Ferris.”

    Who was René d’Anjou (1409-80)? The ruler of many medieval territories, King René was a powerful figure in the Merovingian dynasty and its Dragon Court. The House of Anjou was a junior branch of the House of Vere, the highest pedigree of the demonic Dragon bloodline. The Dragon bloodline claims to have descended from the Canaanite Tuatha de Danaan which had intermarried with the apostate tribe of Dan in northern Israel. The Tuatha de Danaan, also called the Dragon Lords of Anu, were the offspring of the fallen angels (Anunnaki).
    “When the Imperial and Royal Dragon Court was reconstituted by King Sigismund in 1408 as the Societas Draconis, it was based upon an ancient bloodline tradition which Sigismund assumed that he had inherited from his presumed Egyptian and Scythian ancestors through the Pictish, Dragon Princess Maelasanu of Northumbria and the Ancient and Original Angevin Royal House of Vere of Anjou, the Imperial Dukes of Angiers. This line had descended through the Tuatha de Danaan (the Dragon Kings of Anu) on the one hand, and the Egyptian Dragon Dynasty of Sobek on the other. The latter strain included the bloodline of the Davidic House of Judah who married into the descent of the Merovingian Kings of the Franks.” (“Genesis of the Grail Kings,” Laurence Gardner)
    The offspring of the Dragon Lords of Anu, or Anunnaki, were giants, which in the Hebrew Scriptures are the Nephilim.
    “And it came to pass, when men began to multiply on the face of the earth, and daughters were born unto them, That the sons of God saw the daughters of men that they were fair; and they took them wives of all which they chose. And the LORD said, My spirit shall not always strive with man, for that he also is flesh: yet his days shall be an hundred and twenty years. There were giants [Strongs #5303 nephiyl] in the earth in those days; and also after that, when the sons of God came in unto the daughters of men, and they bare children to them, the same became mighty men which were of old, men of renown.” Genesis 6:1-3
    See: Heeding Bible Prophecy: New Government
    10.D Mount Hermon/Mount Sion
    10.G The Dragon Court
    The sole purpose of the Imperial and Royal Dragon Court was to protect the descendants of this demonic lineage, from which bloodline will come the Antichrist.
    “The Dragon Court exists as an organization solely for the bloodline descendants of the ancient Vere family – the senior bloodline successors as a Scythian-Merovin, Elven House of Princess Maelasanu – and for those whose bloodlines are extracted from this descent and its ancient Dragon Court.” (“From Transylvania to Tunbridge Wells,” Foreward, Nicolas de Vere)
    Today the Dragon lineage is recognized by the European Union as a sovereign ethnic racial group (the seed of Satan). In fact, the Merovingian dynasty has ruled Europe for the better part of the past two millennia.
    “The Imperial and Royal Dragon Court is the ancient Household Court and Order of the senior Angevin descendants of the Imperial and Royal House of Vere of Caledonia, Anjou and Lorraine, and the physical embodiment of the Sovereign Princedom of Drakenberg; which is recognised under European Law as a sovereign ethnic racial group; the principle nation state of the Draconian peoples:
    “Furthermore, the royal and ambassadorial nature of the title of the Prince of Drakenberg (Princeps Draconis) is recognised under the ‘Official Observations’ of the Department of Internal Affairs of the Government of its state of origin within the European Union…” (“The Imperial and Royal Dragon Court & Order”)
    This partially explains Ron Paul’s heavy promotion of Ludwig von Mises who collaborated with the founders of the Pan European Union, Coudenhove-Kalergi and Otto von Habsburg.
    Was Ron Paul’s spiritual bond with Lambda Chi Alpha, a Roscrucian fraternity, severed when he graduated from Gettysburg College? The following statement is found in the Ritual of Lambda Chi Alpha Fraternity:
    “EXPLANATION OF SYMBOLS AND MOTTOS A: Know then that the Bond of our Brotherhood is an eternal union between its members. The greek phrase of Zeugma Adelphotetos Christianikes, or Bond of Christian Brotherhood. Henceforth you are one in spirit with every brother of the fraternity.” (Ritual of Lambda Chi Alpha Fraternity, pp. 103-104, 1987)
    Ron Paul is evidently a High Initiate in the Rosicrucian/Synarchist Conspiracy, and may be a bloodline descendant of the Dragon lineage.
    http://www.watch.pair.com/synarchy-6.html#ron-paul-mason

    • thx for explanation/ information, I have not seen much previous description of masonic rituals, it sounded pretty dull to me!

      • These links are more indepth

        Freemasonry and Fraternities Part 2
        http://www.scribd.com/doc/14209009/Freemasonry-and-Fraternities-Part-2

        Greek Fraternities and Freemasonry Part 3
        http://www.scribd.com/doc/50199929/Greek-Fraternities-and-Freemasonry-Part-3

      • some very informative links you have provided again rev..thanks for your work..it seems anyone who is anyone is one of these clubs..

      • Skull and Bones was modeled on Phi Beta Kappa which lists Ben Bernanke check out his list of brothers

        List of Phi Beta Kappa members by year of admission

        http://en.wikipedia.org/wiki/List_of_Phi_Beta_Kappa_members_by_year_of_admission

      • Nelson Rockefeller
        George H.W. Bush
        Henry Kissinger
        Kris Kristofferson ???
        Francis Ford Coppola
        Lynne Cheney
        Barack Obama Sr.
        Bill Clinton
        Steven Chu
        Benazir Bhutto
        Jeb Bush
        Condoleezza Rice
        Ben Bernanke
        Robert Zoellick
        Sonia Sotomayor
        Eliot Spitzer
        George Stephanopoulos
        Daniel Pearl
        Peyton Manning

        HOLY SHIT!

      • If anyone thinks their vote really means anything they need to wake up to reality, regardless who you vote for, they have already taken an oath and signed a covenant that supersedes any oath of office or constitution. If anyone thinks any man can resolve the crisis we face, they have no comprehension of what is coming. As we approach the Myan calendar doomsday Winter Solstice Dec 21 we are being programmed and directed into an evolving end time scenario all choreographed including the intentional, engineered collapse of the global economy and complete destruction of the entire monetary system ushering us towards a new one world, gold standard, monetary system. Brother Ronald Ernest Paul and Brother Benjamin Shalom Bernanke are performing their roles as Masters of Deception delivering Order out of Chaos.

      • “we are being programmed and directed into an evolving end time scenario all choreographed including the intentional, engineered collapse of the global economy and complete destruction of the entire monetary system ushering us towards a new one world”

      • A friend just sent me this …

        Ron Paul’s Masonic Jewish Economics
        As we know, the Illuminati Jewish Money Power likes playing the Hegelian Dialecticgame and controlling both sides of the conflict. Clearly, they will have their answer ready when their Fiat Empire comes to it’s end.

        That answer may be “Austrian” Economics. Here’s why “Austrian” economics espoused by Ron Paul is really another dialectic of Masonic Jewish economics.:
        http://www.henrymakow.com/austrian_economics_is_masonicjewish_e.html

      • for 32 and unders it is pretty boring stuff :)

      • 401…kristofferson…check out the movie “Rollover” (1980) in a nut shell, it is damn close to what could be happening right now…alot of movies from years ago reveal that perhaps even then they were revealing truths that were shown as “fictional”…watched “3 days of the condor” the other night…Robby Redford (1975) cia revealed “fictional” story…it has to fucking end…lots of bad shit hiding in “plain sight.”

        KK…just one of the gang…

      • i often wondered about him..its revealed now..and i have seen rollover..it is prophetic

      • re-Makow article, lol, somebody finally prints exactly what I think of our economic system and it’s that misogynistic little save-the-males freak Makow. Strange times.

      • irony eh?

        just goes to show we cant throw the baby out with the bathwater

  9. College Frats as Satanic Romish-Masonry?

    http://continuingcounterreformation.blogspot.com/2008/08/college-frats-as-satanic-romish-masonry.html

  10. [...] Bernanke warns lawmakers nation headed for “massive fiscal cliff” (seeker401.wordpress.com) [...]

  11. [...] Bernanke warns lawmakers nation headed for “massive fiscal cliff” (seeker401.wordpress.com) [...]

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