Posted on 12/02/2010 9:30:51 AM PST by FromLori
Factual reinforcement for the school of thought that the Obama administration has set out, deliberately, to destroy the economy of our country and bring us to our knees so they can impose their socialist replacement.
The FED is the main prop under the Progressive State.
- No FEd means no bailouts for the politically-connected.
- No FED means no taxation through money-printing.
- No FED means no bubble blowing in an attempt to revive a broken system.
- No FED means workers wages and savings are not eaten up through inflation and fake money.
- No FED means that the Government can not run $Trillions in deficits. The FED is the only thing that prevents disclipine from being forced profligate Governments.
These documents are proof enough that the unelected FED has become our Government.
ping- more info
I'm waiting to see who will be the first person in congress to call for Bernanke’s resignation.
THIS BEGAN IN JANUARY, 2009! There is no doubt about what the obamanation of America is about!
So what was the actual value, all hassle and time involved, of those mortgage securities? Fifty cents on the dollar? If so, we’d be talking about $150 billion gifts to each of multiple major European banks.
If to ward off claims of fraud against Fannie and Freddie I’d think other, domestic investors could have filed such claims by now. If the American taxpayer is now responsible to make whole any losses or failure of any large bank worldwide, we might as well just shut down as a country. We’re done for.
We defend the entire world with our military, and we make good any business losses, worldwide.
And we think that we are an evil country and everyone is justified in hating us.
We are insane.
I don’t know that Obama and Timmay were the masterminds behind this plot. Paulson and Bernanke stole our money before Obama was even elected. There is something much bigger than the Obama administration behind all this. Obama is just another one of their useful idiots.
They took almost $1 trillion of the taxpayers money on the pretense that the economy would collapse and the world would end if they didn’t get our money. Now it turns out the money went to Europe. Why isn’t anyone being hanged for treason? Hell, nobody is even in prison.
We suspected as much when the Fed secretly disbursed those funds...when the people asked where the money went they act as if WE don’t have a need to know.
What if anything takes the place of the Federal Reserve? Do we need it? Is it redundant to the Treasury? I’ll admit I am a complete greenhorn in this area but I’ll be damned if you allow that kind of money to be thrown around by an institution with zero oversight.
Congressman Ron Paul on the Criminal Federal Reserve
This is pretty brilliant. Try to set aside a few minutes.
http://www.youtube.com/watch?feature=player_embedded&v=Wn8Cuy0F32o#!
And this is absolute nonsense. Does Lacker think we’re not paying attention. The Fed has fought transparency in the courts and in Congress every step of the way, as detailed below.
Feds Lacker Says Data Release Is Good Step to Transparency
Jeffrey doesn’t mention that the Fed had to be sued into submission or that they have redacted a lot of information and have still not released all of it.
Bloomberg Sues Fed to Force Disclosure of Collateral
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKr.oY2YKc2g
I’m wondering that today! We don’t need to wait years.
Anyone in DC give a rip about this?! We shall see.
We are also doomed.
Oh without a doubt the banks had been donating to obama for years even when he was a junior senator.
Baracks Wall Street Problem is Now Americas
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
etc.
I can think of some potential problems, but none that worry me:
What a cozy arrangement.
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