What is truly stunning about our national politik is that Ron Paul remains a strong contender, with broad based support, yet he is totally ignored by the mainstream media.
A cornerstone of Paul’s campaign are his assertions that the Federal Reserve is totally out of control and that it operates in open defiance of both Congress and the President of the United States of America.
Forget about the serfs living on the plantation called America, the FED don’t even answer to the Masters.
Every time you touch a dollar understand that dollar is not owned by you or the United States Government, it’s owned by a private corporation called The Federal Reserve.
In the recent past we all (and by “we all” I include Congress and probably even most presidents) operated under the delusion that we all had some input, oversight, say so and maybe even a bit of “control” such as it were over the money that governs our country.
In the recent past, all the chatter over the SECRET powers of the FED….the CONSPIRACIES among the banks, the BILDERBERG and TRILATERAL commission were dismissed as conspiracy theories broadcast by nut jobs on the internet.
But my how things have changed…..Bloomberg no less today reports of billions of dollars in secret loans, given to the banks that were not disclosed….even to Congress….
I want to refresh all your recollections of a very simple question asked of Ben Bernake by a member of Congress:
Mr. Bernake, who did the Federal Reserve give half a trillion dollars to in 2008?
to which Mr. Bernake responded:
I don’t know.
I want to encourage all of you to watch the video again Bernake,
Or how bout this exchange with the Inspector General of the Federal Reserve:
Who received a trillion dollars eight months ago?
I do not know.
Are there trillions of dollars in off balance sheet transactions that are not reported by the Federal Reserve?
Ummm..babble,babble, babble. We do not audit the Fed.
Did the Federal Reserve extend 9 Trillion in credit that is not reported and to whom was it extended?
Ummm..babble,babble, babble.
What have you done to examine the off balance sheet transactions of the Federal Reserve in the last eight months that total more than $9 Trillion dollars?
Ummm..babble,babble, babble.
Watch this video here
Not many people paid attention to that line of questioning when it appeared years ago…and it’s been ignored ever since…..But here’s what’s reported on Bloomberg today:
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
