Did you really think that the Federal Reserve’s magic printing presses were actually going to help us, the average American. What follows is an excellent explanation of what QE actually means; more big bank bailouts. Do you still have a bank account or credit card with one of these sharks?
The U.S. Federal Reserve is getting ready to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term “bailout” and the American people are going to get a lot less upset about it. You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks. So this time, the financial “powers that be” have figured out a way around that. Instead of going through the massive headache of dealing with the U.S. Congress, the Federal Reserve is simply going to print money and give it directly to the banks. To be more precise, the Federal Reserve is going to use a procedure known as “quantitative easing” to print money out of thin air in order to purchase large quantities of “troubled assets” (such as mortgage-backed securities) from the biggest U.S. banks at well above market price. Some are already openly wondering if this next round of quantitative easing is going to be the biggest bank robbery in history. Most Americans won’t understand these “backdoor bailouts” well enough to get upset about them, but that doesn’t mean that they won’t be just as bad (or even worse) than the last round of bailouts. In the end, all of the inflation that this new round of quantitative easing is going to cause is going to be a “hidden tax” on all of us.
These new backdoor bailouts are going to work something like this….
1) The big U.S. banks have massive quantities of junk mortgage-backed securities that are worth little to nothing that they desperately want to get rid of.
2) They convince the Federal Reserve (which the big banks are part-owners of) to buy up these “toxic assets” at way above market price.
3) The Federal Reserve creates massive amounts of money out of thin air to buy up all of these troubled assets. The public is told that all of this “quantitative easing” is necessary to stimulate the U.S. economy.
4) The big banks are re-capitalized and have gotten massive amounts of bad mortgage securities off their hands, the Federal Reserve has found a way to pump hundreds of billions (if not trillions) of dollars into the economy, and most of the American people are none the wiser.
Make sure to go over and read the rest; then tell your family and friends about the latest way the big banks are going to get a hand up/hand out and how we are going to be left with the interest payment reaching $1 Trillion dollars next year.
Available Historical Data Fiscal Year End - in Billions (Source: US Treasury)
The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. – Thomas Jefferson
Alex Jones interviews documentary film producer, Bill Stills, about the Federal Reserve, the deflationary cycle that we are currently in, how it is going to change, and how to fix our economy citing the sound money policies of the state bank of North Dakota. Mr. Stills has produced the “Money Masters” (found on the Globalist Reference Page) and The Secret of Oz (farther down in this post).
Socialism has a 100% failure rate; why is Europe turning away from socialism yet America is running toward it? Glenn lists off very important dates throughout the year and what these dates to mean to us and to Congress; April 15th (budget deadline), November 2nd (midterm elections), December 31st (Bush tax cuts expire) putting the upcoming republican controlled congress into a ‘damned if you, damned if you don’t” situation. Glenn also covers the raising of the ‘debt ceiling’ (Congress’ credit card) from $11.3 Trillion to $14.9 Trillion, and the decision the republican congress will have to make in March, 2011 when it comes to raising the debt ceiling yet again.
“We’re talking about addressing the disparity of income where the wealthy people continue to get wealthier and some other people are falling out of the middle class when we want to bring many more people into the middle class. But that disparity is not just about wages alone, that disparity is about ownership and equity. It’s all about fairness in our country,” House Speaker Nancy Pelosi said to the United Steelworkers on Monday.
I have a couple of suggestions JUST FOR STARTERS that don’t require more union pensions and they are incredibly fair because they apply to everybody, not just the Dem’s pets:
Get rid of The Federal Reserve that has devalued our money by 96% since it’s inception in 1913, and go back to sound money practices.
Ban in perpetuity the 55% death taxthat allows the government to become yet richer and families to lose their legacies. (Oh, darn, I forgot, they NEED all of us indebted to them and China to make it work for them.)
The transfer of American wealth appears to be happening on purpose, and those wealthy that Nancy is talking about are globalists that won’t lose their wealth in the NWO. Nancy just wants all of you to stay divided and fight each other over the scraps while she jets around spending hundreds of thousands on parties and booze.
I do believe there is a special circle in hell for this person masquerading as an American.
Yesterday, while tromping through the labyrinth doing research on one subject, I ran across a piece of information I did not know about possible voter fraud that occurred in Texas and Illinois (imagine that?) during the Nixon/Kennedy presidential race. It appears that the Dems and Repubs have been at this for a very long time; which brings me to the subject of this post.
This evening, a blockbuster interview by The Dame Truth with Kathleen Wynne over the continuing voter fraud in our country will be held at 11pm eastern. I urge my readers to tune in and hear the latest from one of the unsung heroes of information gathering when it comes to the voter fraud that has been happening, and what we can do to derail the organizations behind it.
I started working on exposing election fraud the minute I realized the extent to which corruption in the DNC had developed in the spring of 2008. Since that time, I have met countless Americans, witnessed both the best and the worse of human nature, and pledged to myself and anyone else who’s interested that I will continue to work for our country and its Constitution until I draw my last breath.
That being said, however, it is patently obvious that little can actually be accomplished unless we have open, honest and legal voting. Regardless of what ideology one believes, we can all agree that we cannot go forward unless and until we have a vote unencumbered by voter fraud, intimidation and the vast web of corruption that has co opted our elections for many years, and culminated in an idealistic, painfully uninformed segment stealing an election for an individual who is not only not qualified to run a country, but is also ineligible to do so according to Article II Section 1 of our Constitution.
Kathleen Wynne
My guest on tomorrow’s Dame Truth Radio is Kathleen Wynne, whose tireless investigative research and documentation of election fraud has resulted in breaking the money trail wide open between Diebold and various public officials; as former associate direction of BlackBoxVoting, her full time endeavor brought the facts to the forefront and resulted in many Americans learning the truth about their vote. But our work has just begun. Join us Monday at 11 PM EST on Dame Truth Radio or click on the Listening button to the right if you don’t want to miss the first in the series of one of the most explosive, informative issues of the season.
For more links and info on election fraud and Kathleen’s work, see:
Electronic Voting Declared Unconstitutional In Germany, the story of the landmark German case with a link to an extensive radio interview with litigant Dr. Ulrich Wiesner, Kathleen Wynne and Bev Harris on a nationally syndicated radio show in Austin, Texas.
