Over the Top Fed Actions Feed Conspiracy Thinking

Over the Top Fed Actions Feed Conspiracy Thinking

alternet.org

Given the fact that it is the target of more than a few conspiracy theories since it was created in 1913, the Federal Reserve System, more commonly known as the "Fed," in media and finance parlance, could be acting with a bit more prudence during these dark economic times. But no, it's gone ahead and damned the depression by doing what the New York Times described as the "unthinkable": bailing out Bear Stearns while giving away hundreds of billions to banks and other institutions whose labyrinthine securitization of our debt economy started this whole mess in the first place.

In other words, rewarding the criminals and screwing the victims.

(visit the link for the full news article)

This is an interesting read, particularly in light of all the crooked crap the Fed has been up to as of late...There are some very sinister undertones to what is taking place here, and I hope these pukes aren't pulling the wool over many people's eyes of what they are up to---But none of it looks good whatsoever.

That kind of behavior is only going to make the conspiracy theorists even cozier. When you already think the Fed has made a serious living from doing everything from transferring public wealth to private hands to signing off on the assassination of John F. Kennedy, you're not going to start thinking better of them when they offload billions onto Bear Stearns, which is a securities firm and not a bank at all. You're not going to get the opposition to stop parroting the usual party lines about the Fed being a privately owned bank that screws Americans by charging interest or compromises the overall interests of the United States by unconstitutionally printing up money like it was going out of style. You're only going to further invigorate them.

That, my friends, is known as reality.

alternet.org
(visit the link for the full news article)

[edit on 7-4-2008 by DimensionalDetective]

Here's a link to a google video detailing the origin of the Federal Reserve. Very interesting to listen to.


video.google.com...