Posted on 09/27/2009 3:06:27 PM PDT by blueyon
Not only is Fannie paper NOT full faith and credit but in addition THEY ARE EXPLICITLY DISCLAIMING AGENCY STATUS!
This is on the face of EVERY Fannie (and Freddie) prospectus. All of them. So where is the authority of The Fed to buy this paper, given the constraints in Section 14?
Who is The Fed bailing out by monetizing Fannie and Freddie paper when it is quite clear on the face of that prospectus and a clean read of Section 14 that they don't have the authority to buy that paper in the first place?
Now do you understand why The Fed doesn't want to be audited? And why we get threats about "disruptions" if, in fact, The Fed is audited?
God help us!
We’re creating money from Fannie Mae loans?
It’s worse than that... he’s dead, Jim.
No, we are not creating money from Fannie. Only debt and more of it.
I don’t care how many people here on FR disagree with me, but we no longer have money in the United States. We haven’t for a long time, long enough in fact, that I have never held real money in my hands.
Love him or hate him...he had this correct:
Bankruptcy Speech from 1993. http://irwinschiff.homestead.com/TRAFICANT.html
That’s kind of the way I took it. If we’re monetizing from debt then it’s not money. I’ve seen videos of this theory before, but more and more we’re seeing this system come to light.
I was way young when this politician had his troubles, but if he was calling shots like this...it makes me really wonder.
“Has anybody bothered to hid something unless there is something dambing behind it?”
Like Obozo’s Birth Certificate? etc.
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