What the Fed is doing is allowing those politicians to continue their spending while at the same time filling up the coffers of it’s member banks balance sheets. The Banks are parking the money he prints and earning interest on it not lending it out. So Bernanke is not helping the economy one bit!
He is helping the Banks that own the Fed and allowing the liberals to continue their spending in the meantime the feds policy’s are hurting Americans with inflation, hurting seniors who saved money.
Speaking of those GSE’s who do you think dumped all the toxic mortgages in them the Banks the same Banks who donated to Obama and funded Acorn.
Bank of America is ACORN ‘Partner’ and Major Funder
http://nlpc.org/stories/2009/09/21/bank-america-acorn-%E2%80%98partner%E2%80%99-and-major-funder
Bailed Out Citigroup Won’t Rule Out Giving More Money to ACORN
http://www.cnsnews.com/news/article/59443
JPMorgan Chase Asked to Stop Funding ACORN
http://nlpc.org/stories/2009/09/15/jpmorgan-chase-asked-stop-funding-acorn
Barack’s Wall Street Problem is Now America’s
http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/
JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats .
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
Wall Street Is Big Donor to Inauguration - WSJ.com
http://online.wsj.com/article/SB123146096981566339.html
To quote another freeper...
It’s interesting how many forget that the Fed is right out of Marx’s Manifesto:
“The proletariat will use its political supremacy to wrest, by degree, all capital from the bourgeoisie, to centralize all instruments of production in the hands of the state, i.e., of the proletariat organized as the ruling class; and to increase the total productive forces as rapidly as possible.
Of course, in the beginning, this cannot be effected except by means of despotic inroads on the rights of property, and on the conditions of bourgeois production; by means of measures, therefore, which appear economically insufficient and untenable, but which, in the course of the movement, outstrip themselves, necessitate further inroads upon the old social order, and are unavoidable as a means of entirely revolutionizing the mode of production. ... “
Measure No 5 of 10 to achieve the above in advanced nations =
“5. Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
http://www.marxists.org/archive/marx/works/download/pdf/Manifesto.pdf
Small Business Can’t Get Loans From Bailed-Out Banks
Government controls the spending, not the Fed. The politicians were not asking permission to spend from the Fed. Didn't ask before the Fed was in existence, don't ask the Fed now when they run deficits, won't have to ask in the future if the Fed is somehow "abolished". Currently the Fed is "audited" at least twice a year by members of both chambers of Congress by an otherwise stupid law (because of an impossible, contradicting dual mandate), formerly known as semi-annual Humphrey-Hawkins testimony...
And will we finally resolve who "owns" or controls the Fed -is it the evil Rothschilds (and what percentage of the Fed do they own?) or did the bloody Marxists somehow steal it from the Rothschilds, using "Measure #5"... or are the Rothschilds and the Marxists really one and the same?
And why then do they allow the U.S. Presidents nominate and the U.S. Senate to confirm the Fed Chairman and members, if it's a "private bank"? And do they (Rothschilds and/or Marxists) also own central banks of other countries and economic unions?