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The Fed Is Raping You – Flippergate

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posted on Jan, 19 2011 @ 12:47 PM
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I’m going to try and explain this fraud in simple terms:

Step one -Get a massive bank bailout from the Fed after speculating in real estate and having your loans defaulted on, while still getting to keep all the profits you reaped, by passing the losses on to tax payer backed organizations.

Step two -In the process of getting bailed out, have the Fed actually pay your bank to not make loans.

Step three -Take the money the Fed is paying you not to make loans and from the bailouts to purchase bonds from the US Treasury.

Step four -Sell those bonds right back to the Federal Reserve during one of their open market operations where they print money to buy bonds.

Step five -Take a nice cut of commission pie for yourself in the process.

So you see boys and girls, if you own a mega-bank, you can get the Fed to give you money to buy bonds at no cost and no risk to yourself, then you can have the Fed buy those bonds right back while making a nice fat commission for yourself.

Then once you get a nice fat piece of commission pie, you can then turn around and dump it right back into the stock market to speculate on equities – all while assured that should your speculations fail, the Fed will bail you out again.

If you want to know why .1% of the population owns half the wealth in the United States, this is why. It has nothing to do with capitalism and everything to do with State sanctioned fraud. Capitalism does not involve centrally planned interest rates, bailouts, cronyism, government contracts, or heavily "regulated" banking.

Zero Hedge reports:


Ok this is it. Someone (preferably of the less than multi-millionaire Wall Street marionette variety) in Congress has to look into the blatant bond churn-cum-flip (that was happening behind the scenes a few months ago and is now so blatantly in your face it is a slap to all US taxpayers) which has the Fed paying Primary Dealers billions in commissions for a trade that has absolutely no value added. And while we have been complaining about this for months, today just takes the cake. Below we present the entire list of permitted issues to be monetized by Frosty-Sack. Note that there were 29 CUSIP eligible for buybacks. What happened - the Primary Dealers flipped virtually the entire operation in the form of the just auctioned off 3 Year PQ7! This is half the entire Primary Dealer allocation in the bond auction that was completed on January 11 (whose technical original issue date was yesterday). One more 3 Year POMO, the next of which is on January 31, in which PDs flip a like amount, and the Fed will have monetized the entire auction, but in the process having paid at least a few hundred million of taxpayer capital to the PDs for absolutely no value added! This is a daylight robbery and has to stop.



edit on 19-1-2011 by mnemeth1 because: (no reason given)




posted on Jan, 19 2011 @ 12:54 PM
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So the banks were given "bail outs" so they wouldn't have to loan to the American public, cutting off the easy credit to conclude their cycle of easy credit/tight credit which inflated the bubble to begin with.



posted on Jan, 19 2011 @ 01:09 PM
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I don't know why the whole banking and wall street scandal are such a surprise when there were quite a few economists 10 years ago saying what was going to happen.
Oh wait, that's right they were conspiracy theorists and just blowing smoke up our butts and ranting like lunatics because there are no conspiracies just coincidences.
Those damn lunatics and conspiracy theorists also mention FEMA camps being built along with water and food being tainted so why listen "nothing wrong here so move along" and stay sleeping it's much easier than waking up.
5,000 years and still don't get it.



posted on Jan, 19 2011 @ 01:14 PM
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reply to post by mnemeth1
 


That is exactly what has happened add in the banks booting folks from homes that the fannie freddie have already paid em for to resell for whatever they can get.



posted on Jan, 20 2011 @ 01:45 AM
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Originally posted by filosophia
So the banks were given "bail outs" so they wouldn't have to loan to the American public, cutting off the easy credit to conclude their cycle of easy credit/tight credit which inflated the bubble to begin with.



The easy credit was still there. It still is. The banks have all of it.

Consumer credit is one thing. Yes, some of the trouble is 'because' of consumer credit, but virtually all of the whole debacle is because of what these banks DID with the credit after it was monetized into junk securities and sold back to IRA's mutual funds so we would all take the hit when the banks were bailed out.

Flowchart time

Banks knowingly issued bad loans to consumers>>>>>>Banks turned these loans into securities>>>>> Securities were then sold to other banks>>>>>> Banks packaged these securities in mutual funds, 401k's and IRA's>>>>> Anyone with a retirement account or some kind of market based BANK DIRECTED account bought these loans>>>>> Just before all the ards fall, the hedge funds and banks pull their money from the stock market making it a freefall>>>>>>Not only are people stuck with the bad market investmend but are also left with the bill for the bad securities and banks that didn't get out of the way in time.


These wall street wizards, in colusion with the state, orcestrated a scheme that took money from peoples' retirement funds, and made the whole process be payed for by the same people from which money was taken.

All legal. All in the open. And all because of government and central banking policies.



posted on Jan, 20 2011 @ 05:13 AM
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I am beginning to think we should all create our own bank.

What does it take to get a window at the fed? A blackmail type thingy? Or do you have to be born into it?


Hey OP, you have to quit being so logical.


edit to add-you are going to fracture some minds!
edit on 20-1-2011 by saltheart foamfollower because: (no reason given)



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