Posts Tagged ‘Planned Economic Collapse’

End The Fed

August 29, 2009

http://list.lewrockwell.com/t/1624063/28408831/98128/0/

Greg’s Newsletter, Keeping the American Middle Class Informed-August 18, 2009

August 20, 2009

(Poster’s Note: To read some of Greg’s previous newsletters, go to the sidebar and click on “Greg’s Newsletter, Keeping the American Middle Class Informed-Archive”)

Check out Greg’s website  http://goodwinfortennessee.com

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August 18, 2009

Ok, the right questions are still not being asked on health care. Let me ask you some questions prior to your understanding of why I say this.

1.     Do you agree and understand that lobbyists influence the decisions made by our government?

2.     Do you understand that the anti trust laws have been relaxed over the years, by both parties, in regards to monopolies and market control activities by corporations?

3.     When the statements of government control health care is “essential” or must be part of the health care issue or whatever statement they want to use for governmental controlled health care, it is an integral part of this proposed health care plan.

Now the real question should be asked:

1. Who, in the lobbyist world, is pushing this proposed governmental control of the health care system?

If you think it is the administration that cares for all of us, don’t, you got to find out who is economically benefiting from it.

Let us not forget the banking industry where we were told if the first TARP wasn’t passed the entire economy would fail. What did they do? Not buying toxic assets as they stated but gave it to the banks which in turned bought other banks at bargain basement prices furthering their domination of the banking industry. Followed by the Federal Reserve buying up the toxic assets with printed money.

http://www.bloomberg.com/apps/news?pid=20601103&sid=a4PWQBl9WmBU

Now knowing the banking industry had this much power, how about the insurance industry, sitting in the middle of Wall Street and the rest of the economic power brokers? We know over the years they have been buying each other up and accumulating more control of the insurance industry. This in turn gives them more economic power and control of their lobbying activities for their benefit. Look at what our government did for AIG who got caught up in the Credit Default Swaps (another name for insurance but couldn’t call it that because it would have lead to governmental regulations), they gave them $180 Billion.

I know the government bureaucracies will have to administer the program but who will give them the guidance, rules, and regulations to support this behemoth? It will be the Congress and guess who gives them lobbying money for their life long careers, you are right if you answered the ones that will be economically benefiting from it. So this completes a circle that has been used aggressively in recent years to promote the most economically powerful programs for smaller groups of the economic elite, which will economically benefit from their influence.

Very little is done in Washington to benefit the people without benefiting some other economically powerful group. That is how things are done in Washington.

Candidate for US Congress, 3rd District of Tennessee 2010,

Greg Goodwin

http://goodwinfortennessee.com/

8/18/09

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Coming Soon: Sunday Bloody Sunday-Video

August 16, 2009

Fortunately, it will be a lot more difficult to deploy the bastards here. We’re ready.

www.youtube.com/watch?v=fs_2QRCEtl0

The Bankruptcy of the United States

August 15, 2009

Congressman Traficant speaks out-United States Congressional Record, March 17, 1993

United States Congressional Record, March 17, 1993
Vol. 33, page H-1303

Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

“Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States?’

Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be “money” in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or “currency.” Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not “money.” A Federal Reserve Note is a debt obligation of the federal United States government, not “money?’ The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.

It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any “money.” Most Americans have not been paid any “money” for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are “bankrupt,” along with the rest of the country?

Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) – a promise to pay the debt to the Federal Reserve Bank.

There is a fundamental difference between “paying” and “discharging” a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of “good & valuable consideration.” Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.

Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a “Canon Law Trust” as their model, adding stock and naming it a “Joint Stock Trust.” The U.S. Congress had passed a law making it illegal for any legal “person” to duplicate a “Joint Stock Trust” in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3]

The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913)

“Hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit “money substitute” it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

This has been going on for over eighty years without the “informed knowledge” of the American people, without a voice protesting loud enough. Now it’s easy to grasp why America is fundamentally bankrupt.

Why don’t more people own their properties outright?

Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.

America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country.”


Image: United States Congressional Record, March 17, 1993 Vol. 33, page H-1303

To silence Traficant, certain members of Congress found a means to put him in prison on trumped-up charges. The hearings were like a kangaroo court; whereby, he was not allowed to bring in certain witnesses, documents, and testimony. Judge Lesley Wells of the U.S. District Court in Cleveland, Ohio, was prejudiced toward Traficant and refused to set bail for Traficant, ordering that service of his term should begin immediately. Denial of bail also sets aside all pending appeals to Traficant’s conviction. Traficant is now serving an eight year prison sentence in federal prison for his April 11, 2002 conviction on trumped-up felony charges of bribery, corruption and tax evasion.

By a vote of 420-1, Traficant was also expelled from the House of Representatives. House Resolution No. 495 read simply, “Resolved, That, pursuant to article I, section 5, clause 2 of the United States Constitution, Representative James A. Traficant, Jr., be, and he hereby is expelled, from the House of Representatives.” Traficant is the second member of the House to be expelled since the Civil War and the fifth in congressional history. Traficant, addressing the House, said “I’ll go to jail before I resign and admit to something I didn’t do.””

Traficant, A former county sheriff, had been elected to Congress nine times by the people of his Mahoning Valley, Ohio district. He plans to run for re-election as an independent candidate and intends to serve from jail if elected.

The 545 People Responsible For All Of U.S. Woes

August 15, 2009

BY Charley Reese


(Date of publication unknown)– — –  P
oliticians are the only people in the world who create problems and then campaign against them.

Have you ever wondered why, if both the Democrats and the Republicans are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes?

You and I don’t propose a federal budget. The president does. You and I don’t have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don’t write the tax code. Congress does. You and I don’t set fiscal policy. Congress does. You and I don’t control monetary policy. The Federal Reserve Bank does.

One hundred senators, 435 congressmen, one president and nine Supreme Court justices – 545 human beings out of the 235 million – are directly, legally, morally and individually responsible for the domestic problems that plague this country.

I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered but private central bank.

I excluded all but the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman or a president to do one cotton-picking thing. I don’t care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it.

No matter what the lobbyist promises, it is the legislation’s responsibility to determine how he votes.

A CONFIDENCE CONSPIRACY

Don’t you see how the con game that is played on the people by the politicians? Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party.

What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of Tip O’Neill, who stood up and criticized Ronald Reagan for creating deficits.

The president can only propose a budget. He cannot force the Congress to accept it. The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating appropriations and taxes.

O’neill is the speaker of the House. He is the leader of the majority party. He and his fellow Democrats, not the president, can approve any budget they want. If the president vetos it, they can pass it over his veto.

REPLACE SCOUNDRELS

It seems inconceivable to me that a nation of 235 million cannot replace 545 people who stand convicted — by present facts – of incompetence and irresponsibility.

I can’t think of a single domestic problem, from an unfair tax code to defense overruns, that is not traceable directly to those 545 people.

When you fully grasp the plain truth that 545 people exercise power of the federal government, then it must follow that what exists is what they want to exist.

If the tax code is unfair, it’s because they want it unfair. If the budget is in the red, it’s because they want it in the red. If the Marines are in Lebanon, it’s because they want them in Lebanon.

There are no insoluble government problems. Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take it.

Above all, do not let them con you into the belief that there exist disembodied mystical forces like “the economy,” “inflation” or “politics” that prevent them from doing what they take an oath to do.

Those 545 people and they alone are responsible. They and they alone have the power. They and they alone should be held accountable by the people who are their bosses – provided they have the gumption to manage their own employees.

This article was first published by the Orlando Sentinel Star newspaper

President Obama’s Health Care For Clunkers-Ron Hart-August 05, 2009

August 12, 2009

www.thedestinlog.com/opinion/president-10379-care-ron.html

Economics of Oblivion – George Koether – Mises Institute-August 11, 2009

August 11, 2009

Economics of Oblivion

Mises Daily by | Posted on 8/11/2009 12:00:00 AM

Albert Jay Nock believed Gresham’s Law operated in ideas as surely as in economics, with error displacing reason from men’s minds as inexorably as bad money drives good money from men’s markets. Nock’s theory seems fast on the way to proof a posteriori, especially in our colleges and universities and particularly in the teaching and textbooks of the “new economics.”

The “new economics” — as propounded by Professors Samuelson, Tarshis, Bowman and Bach in these textbooks used in hundreds of America’s best-known colleges and universities — is nothing more than Keynesianism, which, in turn, has many points of similarity to Marxism and the theories of that hyperinflationist, John Law. In sum, the “new economics” is simply socialism, not “new” at all, but the same old bird dressed up in the feathers of “compensatory fiscal policy,” “national income approach,” and the “mixed economy.”

Keynes, who popularized but did not spawn the “new economics,” frankly admitted his affection for socialism:

The State will have to exercise a guiding influence on the propensity to consume … a somewhat comprehensive socialization of investment will prove the only means of securing an approximation to full employment … the necessary measures of socialization can be introduced gradually….[1]

Today’s professors are more cautious. They look down their noses at “socialism,” preferring the phrases “public economy” and “welfare economics.” All the while they pay ostentatious lip service to the achievements of freedom:

[O]ur mixed free enterprise system … with all its faults, has given the world a century of progress such as an actual socialized order might find it impossible to equal. (Samuelson, p. 746)

[I]it must not be supposed that to seek profits is an act of villainy…. Naturally everyone wants to make as much income as he can…. These actions are not censured. (Tarshis, p. 30)

Traditionally, American ideology has glorified such a [private enterprise] system. Individual initiative and independence are its positive values…. The state exists for the individual rather than the individual for the state. (Bowman and Bach, p. 42)

The Mixed-up Economy

Naturally the professors do not want to kill the free market entirely, else where would they get prices from which to calculate their impressive computations in the “new economics”? But even while embracing “free enterprise” they suffocate it. Their consummation of this love-death is curiously contrived. They begin by assuming that laissez-faire died a deserved and natural death.

[I]nequality in access to profit and job opportunities [implies] an inherent inconsistency in the private-enterprise, free price system itself. (Bowman and Bach, p. 14)

Even if the system worked perfectly … many would not consider it ideal…. The private economy is often like a machine without an effective steering wheel or governor. (Samuelson, pp. 39, 397)

We have given up our psychological and philosophical predilection for laissez-faire reluctantly. Most of us have not welcomed government intervention in economic life…. We have been compelled to call upon the government. (Tarshis, pp. 53–4)

Laissez-faire is dead, long live the “mixed economy!” Unfortunately it is often difficult to tell which is more mixed, the economy or the professors. They try their best to seem as sincerely opposed to “complete” socialism as they are obviously cocksure rugged individualism is gone forever. Their “mixed economy” seems to be a course midway between capitalism and socialism, with careful avoidance of the “bad” in each.

The difficulties they encounter in trying to steer between the Scylla of socialism and the Charybdis of capitalism would be amusing if the implications were not so tragic. Samuelson, for example, begins bravely:

After one has thoroughly mastered the analysis of national income determination, it is not hard to steer one’s way with confidence in these seemingly difficult fields (p. 11).

Then, embarking on a carefully calculated Keynesian course, he asserts that private enterprise cannot

guarantee that there will be just exactly the required amount of investment to ensure full employment: not too little so as to cause unenlployment, nor too much so as to cause inflation … the system is without any thermostat … the system is in the lap of the gods. We may be lucky or unlucky … (pp. 261–2)

and so, to prevent the ill luck that might result from private investors following their own inclinations in a free market, Professor Samuelson pompously tells us,

Fortunately, things need not be left to luck. We shall see that perfectly sensible public and private policies can be followed which will greatly enhance the stability and productive growth of our economic system. (p. 262)

Wherewith he plots a pretty series of “propensity-to-consume” and “propensity-to-save” curves based on figures compiled by the Bureau of Labor Statistics taken from a 1944 study of urban families (“with data for all families rounded and smoothed off”) and shows us how to compute, numerically, the “marginal propensity to consume (MPC)” and its “Siamese twin” the “marginal propensity to save (MPS),” triumphantly concluding: “We are now prepared for the theory of income determination.” But wait, there is a catch coming.

[A] few final warnings are in order…. Suppose my income were to go from $5000 a year to $40,000 a year. Would I spend and save my money in the same way that the budget studies showed $40,000-a-year people spend their money? Not necessarily. Especially at the beginning, I would be a nouveau riche and have different patterns of behavior. (p. 269)

Cake Is When You Eat It

So statistics are too tricky to trust as a basis for generalizations in economic theory. The elaborate equations, graphs, curves and charts, must take into account “important qualifications” and “other reasons why the propensity-to-consume schedule might shift around.” Samuelson admits,

[A]t the end of World War II, many economists made a famous wrong prediction. They neglected the fact that people came out of the war with greatly … savings; for this and other reasons, the consumption schedule turned out to be at a higher level than many pessimistic predictions had indicated. Again we are reminded that no social science can have great exactitude. (pp. 269–70)

Wrong again. Economics does have great exactitude, but it is a qualitative, not a quantitative exactitude. The economist cannot know the number or size of all the cakes in the world, or when they will be eaten, but he is dead certain that whoever eats his cake no longer has it.

That is more than the Keynesians seem to know. Their theory implies you cannot have your cake until you do eat it. You can spend your way into prosperity. The formulas say so:

Could a nation fanatically addicted to deficit spending pursue such a policy for the rest of our lives and beyond? … the barrier to this would not be financial. The barrier would be political. (Samuelson, p. 416)

There is no sign that a high debt exhausts the credit of the government…. And since as a last resource “it can borrow from itself,” there need be no fear on this account. (Tarshis, p. 535)

Even the Brannan Plan fits into the “new economics”:

Government programs to limit crops … and to raise the price to the producer while keeping it low to the consumer are all understandable in terms of diagrams of supply and demand. (Samuelson, p. 452)

As for the problems of increasing American investment in foreign lands (i.e. the problem of the “dollar shortage”), Professor Tarshis has the typical Keynesian answer:

If we could only export one of the printing presses used for the manufacture of Federal Reserve notes to, let us say, China, our foreign investment would be enormously higher. (p. 391)

This “new economics” is neither new nor economics. Instead, it is a concatenation of statistics, mathematics and social philosophy used in support of the age-old sophistries of government inflationism. Every one of these old nostrums, served up with formulas and charts, was exposed long ago. The “periodic business crises,” lamented as an inherent deficiency of free enterprise, have been shown to be nothing more than inevitable periods of deflation following repeated periods of inflation brought on by government-directed credit expansion. These followers of Keynes forget, when they reiterate the necessity of “maintaining full employment,” that labor is more scarce than the material factors of production, that in a truly free market there can be no such thing as prolonged mass unemployment.

They forget, when they apply their formulas and extend their curves, that there are no constant magnitudes in economics, that statistics of “national income” are merely data of history not useful for the development of economic theory. They forget that trying to maintain a high “national income” with printing-press money is as hopeless and as helpless for people as trying to cure sick patients by writing unfilled prescriptions. And they forget, when advocating government intervention, that government does not own anything which is not first taken from the people, that government can only help some people at the expense of others or, by inflationism, make matters worse for everybody.

These advocates of a “mixed economy,” well meaning and sincere though they may be, fail to realize that there can be no such thing as a “mixed economy” — part capitalistic and part socialist. Production is directed either by the market or by a National Production Authority. One ends by precluding the other. In the long run Americans will have either economic freedom or socialism in toto. Textbooks like these will certainly not help them retain what measure of freedom they have left.

Absent-Minded Professors

Through all the record of history is strewn the wreckage of nations ruined by inflationism. Yet these Keynesians stubbornly pursue their will-o’-the-wisp of managed money and the magic of a multiplier. When, under a government-induced inflation of the money and credit supply, unemployment shrinks or completely disappears, the phenomenon does not corroborate the “triumph” of their theories. It is due, simply, to the fact that the rise in wage rates has lagged sufficiently behind the rise in prices to cause a drop in real wage rates, precisely as the classical economists have long insisted. The Keynesians forget this obvious fact. Theirs is the economics of oblivion.

After listening to these ten hours of audio, you will know more real economics than most econ majors.

One can explain the widespread popularity of socialist ideas, despite their inconsistencies, among the uninformed masses. But the authors of these textbooks claim competence in economics. Presumably they are as familiar with Böhm-Bawerk, Jevons, Walras, Wicksell and Mises as they are with Marx and Keynes. One would not think so, to read their books.

What is even more inexplicable is their insisting they do not want socialism when their hero, Keynes, served notice more than thirty years ago:

[T]he sharp distinction, approved by custom and convention during the past two centuries, between the property and rights of a State and the property and rights of its nationals is an artificial one, which is being rapidly put out of date … and is inappropriate to modern socialistic conceptions of the relations between the State and its citizens.[2]

and sixteen years later added,

It will be, moreover, a great advantage to the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great Britain and will need no revolution.[3]

Apparently Gresham’s Law is functioning — as Albert Nock felt it would — upon the minds of Professors Samuelson, Tarshis, Bowman and Bach.

Notes

[1] Cf. Keynes, The General Theory of Employment, Interest and Money (London, 1949), p. 378.

[2] Cf. Keynes, The Economic Consequences of the Peace (New York, 1920), p. 71.

[3] Cf. Keynes, op. cit., p. 376.

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via: Infowars.com-North American Union Needs Aggressive Action, August 10, 2009

August 11, 2009

www.infowars.com/obama-north-america-union-needs-aggressive-action/

Must Watch! Military Joining the American Resistance to Protect the Constitution!

August 4, 2009

www.revolutionnow.us/emvideo/thickbox/23/425/350/field_video/youtube/zGHlvnqPdH0

Kane Takes Down Barney Frank-via LewRockwell.com August 04, 2009

August 4, 2009

Kane and Barney Frank by Glenn Jacobs.