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Fed Pumps Further $630 Billion Into Financial System

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posted on Sep, 29 2008 @ 10:39 AM
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Fed Pumps Further $630 Billion Into Financial System


www.bloomberg.com

The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Fed's expansion of liquidity, the biggest since credit markets seized up last year, comes as Congress prepares to vote on a $700 billion bailout for the financial industry. The crisis is reverberating through the global economy, forcing European governments to rescue four banks over the past two days alone.
(visit the link for the full news article)




posted on Sep, 29 2008 @ 10:39 AM
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The FED is writing emergency cheques for nearly as much as the official bailout simply to keep the major banks and credit markets afloat.

Note well, this $630 billion is coming directly from the FED, not from the bailout package.

Of course all this money is simply printed, and Treasury bonds are now giving negative returns when inflation is factored in.

The money quote:


"Today's blast of term liquidity will settle the funding markets down, and allow trust to slowly be restored between borrowers and lenders,'' said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. On the other hand, ``the Fed's balance sheet is about to explode.''


I'd only take exception with the "about to" part of that statement.

www.bloomberg.com
(visit the link for the full news article)

[edit on 29-9-2008 by gottago]



posted on Sep, 29 2008 @ 10:46 AM
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When start this second attack against US Financial Markets, called "Warns Of Hyper Inflation?"

There will be a crash... Total and devastating. Soon money and treasures will bail out USA: And also ritch peoples start to move to their caribbean Bungalows and Yachts, near those so much more safer Russian Corvettes!

Like our beloved Ron Paul has said: "Money out from Thin Air!"



posted on Sep, 29 2008 @ 10:47 AM
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posted on Sep, 29 2008 @ 10:48 AM
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So we don't need the first $700000000000.00 in the first place. Or does this aditional $630000000000.00 proove that the first bailout plan is a failure ?

btw. if they print more money, inflation will rock this boat even more.

I think they lost the plot big time.



posted on Sep, 29 2008 @ 11:04 AM
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Originally posted by Benarius
I think they lost the plot big time.


Is anyone getting the feeling that this whole situation isn't exactly 'accidental'... Can't put my finder on if because I'm an accounting dunce.

One thing might be to advertise the (false) fact that the economy is in a dire state in order to prompt certain moves or situations - I don't know.



posted on Sep, 29 2008 @ 11:07 AM
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reply to post by Benarius
 


They didn't lose the plot. They're sinking us on purpose. That's a potential 14,000,000,000,000.00 printed out of thin air! This is where you see the burning of money for warmth because it's cheaper than coal of the early 1930's.



posted on Sep, 29 2008 @ 11:09 AM
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reply to post by Now_Then
 


The consolidation of a nation's wealth into the hands of a few privately held banks is NEVER accidental.

The money from the Fed is on OUR shoulders to repay...., SURPRISE!!!

They took it anyway, even before the vote! Because it HAD to happen to sustain their financial backers empires.

Once again .... SURPRISE!!!

So many people watch TV and the talking heads, and prefer that to believing their own lying eyes or their own 'oh so common' sense. The elite will not accept loss... that's OUR place in their world of ivory towers and 'special' relationships.



posted on Sep, 29 2008 @ 11:14 AM
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My main concern is that this will do more damage than good.

If these institutions can't pay their debt now what makes the govt think they can pay it off in 5 or so years?

1. Borrowing money is going to take a lot more credit now therefor reducing the number of customers they have.

2. The govt/tax payers are paying for this to happen and we are already in negative numbers whats another trillion anyway?

3. China practicly owns the US out right already considering how much they invest into the US. Lets just give them more ownership of our land.

4. The govt invested Billions into forieghn currency just weeks ago. Oh ya that gives me hope that we will pull through. Heck if our own govt can't trust the value of an american made dollar then why should we?

5. Lets give the people that screwed the US the money, who cares about the mid to lower class as they will never be able to make contrabutions to our party anyway.

6. The money pushed in should cover all the big boys debts and place them on a safe track when the economy does drop through the floor.

By not doing it the govt shows well too bad so sad you shouldn't have squandered all your money. Sure our economy bottoms out only diffrence being we are about a trillion dollars less in debt an we can just get it over with. It's gonna happen no matter what can't stop it know only delay the inevitable and the longer the delay the longer the depresion will be.



posted on Sep, 29 2008 @ 01:43 PM
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reply to post by ModernAcademia
 


Marcy Kaptur is a true hero like Dennis K. To actually stand up in front of her peers and call out these criminals is a VERY gutsy move. I told her so and think that any other Ohioan should do the same. If you want to send her a letter without being from Ohio you can always send it to her Washington address.

That was a gutsy statement to call these people out and I admire her for it!



posted on Sep, 29 2008 @ 02:29 PM
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Say what you want about the connection I'm about to make, but I've been thinking a lot about Delmart Mike Vreeland, Leo E. Wanta and that whole weird happening. Anyone think there may be a connection?

www.apfn.org...
www.apfn.org...
www.apfn.org...
www.apfn.org...
www.apfn.org...
www.apfn.org...
www.apfn.org...
www.apfn.org...

I see a lot of banks listed in the faxes that are involved in the current collapses. A LOT of money changing hands as well. I'd google the above names for more info. This rabbit hole goes deep.



posted on Sep, 29 2008 @ 04:47 PM
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Thought for the day

If this be so... Why the big deal about the $700 Billion Dollar bailout legislation which ALSO Gives The Treasury and "Federal Reserve Bank" Sweeping Unheard Of Powers !




[edit on 9-29-08 by tsEnigma]



posted on Sep, 29 2008 @ 05:21 PM
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reply to post by tsEnigma
 


Yea, what's the deal with that? If the Fed was free to produce this kind of currency what was the purpose of the bailout bill? This whole thing stinks.



posted on Sep, 29 2008 @ 06:57 PM
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Originally posted by Now_Then
Is anyone getting the feeling that this whole situation isn't exactly 'accidental'...


Read:

www.worldnetdaily.com...



[edit on 9/29/2008 by AshleyD]



posted on Sep, 29 2008 @ 07:19 PM
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Didn't realize there was already a thread devoted to this specific topic. Sorry mods.

Anyhow, I see this as a slap in the face of Congress. As someone else mentioned, this is basically the same amount as Congress' spending budget for this year. It seems as if they are saying "Hey, if you want to listen to your constituents rather than us, we'll just print up the same amount of money you are allowed to spend this year."

This is a clear message. I say congress should repeal and reduce its spending budget for the year by half and cut all funding of both wars.

AND, they should enact legislation to remove the FED from power. I know that something similar to this is on the books now, but now they have the attention of the public and the means to justify the action.

STAY ON your reps! I know I am. I would like to bring these concerns to my reps attention, but that sleeze-ball actually voted for this trash. I suppose it is time to make good on the promise that I MADE TO HIM ON THE PHONE to go ahead and campaign for his competitor next cycle.



posted on Sep, 29 2008 @ 07:33 PM
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reply to post by wingman77
 


I think that the reason for the bailout vs. simply printing the money is that the bailout is a legal action that calls for the taxation of the public. Simply printing the money just devalues the dollar which 1, is a bad thing and 2, doesn't give them the buyout authority they were hoping to get away with.

Overall, this is a good thing because we have thwarted the power-grabbing centralization of economic infrastructure into the hands of a single, proposed, governmental agency. We have stopped official socialism.

However, we aren't going to see any difference in real terms unless congress acts to offset this devaluation with a reduction in spending. But at least now they SHOULD understand exactly why this reduction in spending NEEDS to happen. This is how we will be able to tell if these politicians were just making a political move or if they were really looking out for our wellbeing.
Lets see what the rest of the week holds, but we still need to stay on top of our reps. Now the demand is to OFFSET SPENDING to counteract the deliberate devaluation of our dollar and to DO AWAY WITH the FED!

Edit for spelling.

[edit on 29-9-2008 by Jay-in-AR]

[edit on 29-9-2008 by Jay-in-AR]



posted on Sep, 29 2008 @ 07:38 PM
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Notice how these October surprises get bigger and bigger each year. They must in order to keep us dumbfounded and divided. Now Pelosi is blaming the republicans under Bush. (I know that was off topic but I think all angles of this need to be looked at in each thread applicable.)



posted on Sep, 29 2008 @ 08:02 PM
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I've posted this before in another thread, but I see the same questions being asked and so I'll post it again:

Who killed Lincoln? Kennedy?

Focusing on the US, there have been 3 central banks owned by the Rothschilds.

The first was called "Bank of the United States" and was completely controlled by the Rothschilds, this bank's charter was defeated by President Andrew Jackson in 1832.

President Jackson was so celebrated for this achievement that on his tombstone is engraved the words:

"I killed the bank"

The second central bank was again named "Bank of the United States" and was chartered during President Buchanan’s presidency as he was a southern state supporter.

The southern states seceded as their cotton crop was intimately tied to England’s cotton industry and thus was the gateway for the Rothschild’s to assert their influence over America.

Shortly thereafter, to the Rothschild’s disdain, Abraham Lincoln was elected president. He needed funding for the war between the north and south and approached the "Bank of the United States" for a loan.

The bank offer d their loans to President Lincoln…at 24% to 35% interest, making it impossible for him to repay or borrow for that matter.


So Lincoln authorized and printed constitutionally authorized interest free money and ordered it to be considered as legal tender. Over $400,000,000.00 of this currency was issued.

Lincoln was successful in ending the charter of the "Bank of the United States" with the help of Russian Czar Alexander the second, whom was at the time the only other major country to resist the Rothschild’s banking influence. He believed in defeating their efforts so much that he sent some of his warships to dock in New York’s harbor and stated any attack by the south would result in his country fighting for the North of the United States.


Shortly thereafter, Mr. Booth killed Mr. Lincoln.


Fast forward to 1913

President Woodrow Wilson enacted the Federal Reserve Banking act, establishing the current version of the Rothschild’s international banking controlled empire.

(If you need any more proof of Wilsons connection to the Rothschild’s, why not see who is the most recent dean of the Woodrow Wilson school of public and international affairs: wws.princeton.edu...)


Fast forward to June 4th 1963,

President John F. Kennedy signed presidential Executive order 11110 which was designed to strip the Federal Reserve of its power to loan money to the United States Government with interest.

Over $4 Billion in $2 and $5 denomination notes were put into circulation from the now newly authorized power given to the US Treasury department whom was issuing these notes backed by US Silver. The notes almost looked like the Federal Reserve (Rothschild) notes, but the Fed note says “Federal Reserve Note” and the US note says “United States Note” (And we’re nicknamed Kennedy bills). The Federal Reserve note has a green seal and serial number and the US notes had red seals and red serial numbers.


Just 5 months later, President Kennedy is assassinated (November 22, 1963)


The first action as newly sworn in President Lyndon B. Johnson was the removal of Kennedy notes from circulation and the vetoing of executive order 11110.


TODAY

Having their power increased century by century, the Rothschild Empire which includes such intermarried families as the Rockefellers, Warburgs etc… have maintained complete control over the international political and financial scene.

The current financial crisis is a carefully engineered scheme to consolidate into a more easily controllable conglomerate the varied financial institutions under one “roof”


JP Morgan (a Rothschild bank) is acquiring Washington Mutual among other banks….


Goldman Sachs…well: Helen Sachs (Grandaughter of Goldman Sachs co-founder Joseph Sachs) married Nathan Straus Jr. (Grandson of Lazarus Straus who headed R.H. Macy & Co.)...Nathan Straus Jr.'s first cousin (also grandson of Lazarus Straus) Roger William Straus Married Gladys Guggenheim (Grandson of Meyer Guggenheim)...Meyer Guggenheim's daughter is Cora Guggenheim.Cora Guggenheim married Louis F. Rothschild...

So you have the Rothschild-Guggenheim-Straus-Sachs connection.

How do they "secure" themselves repayment?

As they always have by shouldering the debt repayment on the burden of the taxpayer. Same as they did when the financed both sides of a war. Their debts we're paid by the victor secured by the taxes collected from the population.

You see…we are but mere pawns in a game that was started before our great grandfather’s time.


There is no “control” by any government but that which is allowed by those that control the money.


The golden rule: He who controls the gold makes the rules.


To quote Mayer Rothschild: “Give me control of a nation's money and I care not who makes the laws.”


To quote his wife Gutle Rothschild: “If my sons did not want wars, there would be none”




Thanks for reading....



posted on Sep, 29 2008 @ 09:17 PM
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Are you trying to tell me something I am already familiar with? Or someone else?

I understand what you are saying and I know that going against the bank is somewhat of a death-sentence historically speaking. However, I feel that at this point in time, people realize that they have banking fraud, at the highest level, going on in front of their eyes.

If anyone has a time to counter the bankers, it is RIGHT NOW. While EVERYONE is watching.

This issue isn't as simple as offing ONE leader. If these actions are taken NOW, not tomorrow, but NOW. It will be ovious to everyone.



posted on Sep, 30 2008 @ 11:41 AM
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i`ll mention this : the TV is harking on about the `failed rescue bid` and yet no one is saying it was ignored and teh money pumped in anyway



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