[Zakeet]

For the benefit of you Freepers who do not already know:

• The Federal Reserve (Fed) is not a government agency

• The Fed is owned by an unknown number of big banks ... many of them foreign

• The Fed ownership is unknown because it has never been disclosed to the American public.

• The Fed possesses the full authority to take almost any action it deems in the best interest of the nation

• The Fed is a perpetual money printing machine

• The Fed is a perpetual interest rate rigging machine

• The Fed works closely with other central banks to rig foreign exchange conversion rates

• The Fed has destroyed more than 98 percent of the purchasing power of the dollar

• The Fed is paying banks not to lend money ... and these banks have collected more than $1.5 trillion since 2008

• The Fed can bail out whomever it want to with no accountability

• The Fed made trillions of dollars in secret bailout loans to the big Wall Street Banks during the last financial crisis ... more than $2 trillion went to foreign banks ... sometime check out the GAO audit report prepared as part of the requirement for enactment of the Dodd-Frank monstrosity

• The money paid to the foreign banks was used to prop up their free-spending socialist governments ... in other words, we are bailing out the French, Greeks, Italians, Spanish, Portuguese ... in addition to dozens of third world countries.

And now you know why I fearlessly predict that both the Fed and the U.S. dollar as we know it will cease to exist within the next few years.

[Chode]

[narses]

Note the spurios claims made by the poster regarding the Fed. It is the posting of claims like that which will marginalize all conservatives.

See http://www.usagold.com/federalreserve.html for a cogent explanation of the ownership, voting rights and governance of the Fed. Also see http://www.federalreserve.gov/faqs/about_14986.htm

[allendale]

This is tantamount to a huge transfer of wealth from American taxpayers to subsidize European debts and continued deficit spending in Europe. The MSM is so lame and it does criticize, examine or the policies of the Obama administration. Bernacke, the worst individual ever appointed to high office, is linking the US with the fate of the EU and is harming America.

[Bibman]

“We are the Dead!” Winston Smith “1984”

[TomasUSMC]

I was wondering where the 85 billion a month the Feds are printing was going.

[Pride in the USA]

ping

[mgist]

This is how despots in South America cleaned out banks prior to their defeat. I dont think any of them have been sooo brazen.

[JustTheTruth]

The Fed has to step up and do this (in their world-view) to prop up the international house of financial cards which is currently most acutely at-risk in the Eurozone... The reason is that the Germans won't allow this kind of totally irresponsible money-printing to occur there until AFTER the German elections in the fall, and the Fed knows full well that failure in Europe will trigger a collapse of the mega-leveraged, value-deflating debt bubble that engulfs America, Japan and some additional economies ...

Europe will then be free of interference for years from the "pesky" German voters...

The banksters' plan: a combination of money printing/debt monitization, and "austerity" (by which they largely intend to increase taxes on the poor and middle class to pay for the bailout of the banks and the bond markets which are largely owned by banks and uber wealthy).

Such a deal ...

The Fed and friends have taken control and intend to keep it that way. They need to make elections irrelevant to financial policy in the USA to keep the musical chairs going...

[Lorianne]

I wonder if this has anything to do with the Cypress bailout?