Federal Reserve Corruption Coming To Light

Personal Liberty Digest ^ | 4/20/2012 | Bob Livingston

[IbJensen]

Utopians, the Fed is a PRIVATE CORPORATION. It is a MONEY MONOPOLY. Where are you, you miserable, Amerika-hating slimers? The Fed is REDISTRIBUTION OF WEALTH on steroids. The Fed wants your kids in perpetual servitude. HOW can you SOBs think you serve a purpose when we’ve been trying to make you WAKE UP? You hate the TRUTH, don’t you?

It is indeed a shame that so few in America understand the depth to which the greedy tentacles of the Fed are embedded in fabric of our daily lives. There can be little doubt that the coming financial tsunami, that which will make this recession look like child’s play, will be the direct result of the insane monetary policies of the Fed, combined with the profligate fiscal irresponsibility of the socialist venture.

Projections seem to indicate that the BIG crash will come within the next two years.

[Dr. Thorne]

Just as bad is the revolving door between the big banks and the SEC. The SEC investigators and auditors are only making FedGov bucks - not bad, but certainly not Wall Street.

However, if they ingratiate themselves to the Wall Street bigs, perhaps there's a high six figure salary awaiting them.

Q: Who investigates the investigators?
A: No one.

[know-the-law]

Are you a fedreal debt slave???

http://www.youtube.com/watch?v=X6b4YrXayzE

[DannyTN]

Not this crap again.

Who voted for the bailouts, the FED or Congress? Congress.
How much of the TARP loans were repaid with interest? 100%
Why haven't we seen the massive inflation that has been forecasted since 2008? We've seen some but certainly not massive amounts. It's because the money supply boost was just offsetting the drop in the money supply due to the credit crisis.

[Daveinyork]

“Power attracts the corruptible. Absolute power attracts the absolutely corruptible. This is the danger of entrenched bureaucracy to its subject population. Even the spoils systems are preferable because levels of tolerance are lower and the corrupt can be thrown out periodically. Entrenched bureaucracy seldom can be touched short of violence. Beware when Civil Service and Military join hands.”

Frank Herbert

[DannyTN]

"Q: Who investigates the investigators?"

That's why the FDIC was separate from the FED. It's still a valid question, but the FED doesn't investigate banks. The FED makes loans and sets reserve policies and stabelizes foreign exchange markets.

[Hayride]

Fed. Reserve corruption? That’s like saying Charlie Sheen has had a couple drinks and done a little drugs in his life. Satan himself probably helped hatch this thievery/debt/slavery scheme.

[Dr. Thorne]

Now, according to Senator Bernie Sanders (I-Vt.), the top six financial entities have assets the equivalent of 65 percent of the United States gross domestic product.

Interesting. How about this? The two top Swiss banks have debts that equal seven times the GDP of the country of Switzerland. Deutsche Bank's debts alone are higher than the entire GDP of Germany. These European banks are Dead Men Walking.

How far behind are we?

[Vaduz]

We have astounding level of corruption in every gov dept.
And it starts frome the top down.

[jiggyboy]

“Who voted for the bailouts, the FED or Congress? Congress”.

Secretary of the Treasury Henry Paulson threatened with martial law and the DJII dropping a thousand points a day for a number of days.

“How much of the TARP loans were repaid with interest? 100%”

A number of them were simply paid for with other government loans, which are still outstanding. GM has been specifically called out on this.

“Why haven’t we seen the massive inflation that has been forecasted since 2008?”

The printed money was given to the banks who simply invested it right back in Treasury instruments instead of lending it. Nice work if you can get it.

[Terry Mross]

A revolving door....who knew? sarc

[DannyTN]

"A number of them were simply paid for with other government loans, which are still outstanding. GM has been specifically called out on this."

GM wasn't part of TARP. It was a separate bailout and had nothing to do with the FED. Again look to congress.

[DannyTN]

"The printed money was given to the banks who simply invested it right back in Treasury instruments instead of lending it. Nice work if you can get it."

Your statement implies that they were getting paid more on the treasury instruments than the interest they were being charged by the FED. If that were so, you would have expected to see the loans ramp up over time as banks borrowed as much as they possibly could. Instead you don't see that. You see them borrow as much as they need during the crisis and it quickly falls back off within a day or two.

[jiggyboy]

That’s no implication, that’s exactly what I’m saying. “stealth monetization” began in 2008 and is ongoing.

[DannyTN]

Why did the banks pay off the loans as fast as they could? Some of them didn’t keep them for more than a couple of days.

[jiggyboy]

Ah I see, Argument By Repeated Assertion?

[DannyTN]

Fight fire with fire.

[The Old Commander]

DannyTN, stop muddying the water. The congress has nothing to do with this, they just moan and groan over what is happening. The banks borrow money from the fed at under 1% and immediately buy treasury bills from the fed for between 2-3%. The banks make big bucks without risk and the Fed gets rid of treasury bills it otherwise couldn't have sold on the open market without greatly raising interest rates. That is why the banks won't loan to private citizens. The risk is so much greater than this sweet deal with the Fed.

[The Old Commander]

DannyTN, stop muddying the water. The congress has nothing to do with this, they just moan and groan over what is happening. The banks borrow money from the fed at under 1% and immediately buy treasury bills from the fed for between 2-3%. The banks make big bucks without risk and the Fed gets rid of treasury bills it otherwise couldn't have sold on the open market without greatly raising interest rates. That is why the banks won't loan to private citizens. The risk is so much greater than this sweet deal with the Fed.

[The Old Commander]

DannyTN, stop muddying the water. The congress has nothing to do with this, they just moan and groan over what is happening. The banks borrow money from the fed at under 1% and immediately buy treasury bills from the fed for between 2-3%. The banks make big bucks without risk and the Fed gets rid of treasury bills it otherwise couldn't have sold on the open market without greatly raising interest rates. That is why the banks won't loan to private citizens. The risk is so much greater than this sweet deal with the Fed.