posted on Dec, 3 2012 @ 02:34 PM
reply to post by sean
Let no forget our beloved Federal Reserve bank.
Where Did the Federal Reserve Get All that Money?
If you are very well into the issue of the Fed you will know that while our government wants
the people to take sacrifices the Fed have not problem getting trillions of dollar with the Qs to give to bankers in Wall Street.
Many people think that is all about us the people to help the economy and go along with the scam that is the government and the Fed because they know
The blame or burden of debt is put on the people as usual and people forget that is bigger and wider fish on the top layers of our nations economy
that are making the decisions on how to screw the tax payer while they reap the benefits of tax payer money.
Federal Reserve Chairman Ben Bernanke gave his fourth lecture at George Washington University yesterday. Buried in the lecture, beginning at about
19:18 in the video, Bernanke explained where the Fed got the money to “pay for” the assets it purchased as part of its Quantitative Easing (QE)
The government and the Fed are so crafty on their wording that Americans have no clue what is going on as they have no knowledge of how they have been
The Federal Reserve, like any bank, can acquire an asset simply by crediting a bank account. In other words, the bank pays by creating money. As
Alan Greenspan explained, the Fed has an unlimited capacity to spend in US dollars. It can pay trillions of dollars with a single keystroke. Here is
Chairman Bernanke (Readers can follow is presentation beginning on page
Now let remember that the Fed is a private owned bank Americas working class are just the milking cows that feed these scam bank.
It is sad that fellow Americans can praise the corruption we call government and favor any policies that they are crafting again the working class
people because they have not clue how Americans economy work and for whom
So ask yourself this question: If the Federal Reserve can create trillions of dollars with a single keystroke, and the Fed is the government’s
bank, then why does President Obama claim we’ve “run out” of money? Why have Democrats and so-called progressives supported job-killing budget
cuts in the name of “shared sacrifice”? Why are we throwing away the equivalent of $9.8 billion in lost output every single day? Why don’t we do
something about our $2.2 trillion infrastructure deficit, 25 million underemployed and unemployed Americans, 100 million Americans in or very near
poverty, and so on?
The answer is simple. Most of us don’t understand the monetary system. Instead of deciding how the government should wield its power over the
dollar, we live in fear of the ratings agencies, the Chinese, the bond market vigilantes and other imaginary evils. And this holds all of us back.
Unused resources abound, human needs go unmet, and the vast majority of Americans believe that ‘There Is No Alternative’ (TINA). Or, as Warren
Mosler says, “Because we fear becoming the next Greece, we’re turning ourselves into the next Japan.”
There is an alternative. And it begins with an understanding of the monetary system. The cat is already out of the bag. Chairman Bernanke confirms it.
Money is no object.
Rest assure that is no working for you or me or any hard working tax payer out there.
While the government debates the budget, taxes and sacrifices
cuts on services that we the tax payer pay for it, where are the sacrifices of
all the money that the Fed is squandering to keep the IMF and Wall Street filthy rich bankers.
While the white house congress debate and get everybody all fighting each other nobody tells the Fed what to do with the tax payer money that they
get to spend at will
Now while the bozos keep the people thinking about how unfair one politicrap party is over the other The fed and bankers are crafting the next step to
keep their wealth rolling.