por David DeGraw
08 Diciembre 2010
del Sitio Web TrinityATierra
traducción (parcial) de Trinity A Tierra
¿Qué te parecería si por fin queda al descubierto que el dinero PUBLICO de los americanos fue a parar a los bancos centrales internacionales y a las instituciones banqueras/empresas más importantes en todo el mundo (concretamente 18 instituciones y empresas como General Electric y Verizon Communications) A INTERÉS CERO y que después esos mismos bancos centrales e instituciones financieras PRESTAN A LOS GOBIERNOS/EMPRESAS Y PARTICULARES ESE MISMO DINERO A INTERESES DOS Y CUATRO VECES MAS DE LO QUE A ELLOS LES COSTO?
¡Bienvenido al mundo real de Matrix!.Ese es exactamente el esquema de la mayor estafa de la historia mundial que ha quedado expuesta recientemente por los balances FINALMENTE EXPUESTOS de la RESERVA FEDERAL DE LOS ESTADOS UNIDOS.
Ríete de los planes de rescate OFICIALES del mundo financiero en todo el mundo.
Han sido una mera cortina de humo para tapar la gigantesca y BILLONARIA estafa que en realidad ha tenido lugar.
Algunas notas de resumen:
¿Qué ocurriría si la mayor estafa jamás perpetrada fuera expuesta descaradamente y los medios de comunicación de USA no cubrieran la noticia?
¿Significa esto que la estafa podría seguir funcionando?
Eso es lo que acabamos de descubrir.
Entiendo la importancia de los nuevos documentos de Wikileaks. Sin embargo, no debemos dejar que nos distraigan de la nueva información que la Reserva Federal se ha visto obligada a publicar.
Incluso si Wikileaks revela documentos de un gran banco americano, tan grande como pueda ser el asunto, será con toda seguridad un asunto menor en comparación con lo que acabamos de descubrir de un vistazo a los interiores de la Reserva Federal. Esto es el equivalente de Wall Street a los Documentos del Pentágono.
He escrito muchos informes detallando los crímenes de Wall Street durante la crisis.
Entiendo la importancia de los nuevos documentos de Wikileaks. Sin embargo, no debemos dejar que nos distraigan de la nueva información que la Reserva Federal se ha visto obligada a publicar.
Incluso si Wikileaks revela documentos de un gran banco americano, tan grande como pueda ser el asunto, será con toda seguridad un asunto menor en comparación con lo que acabamos de descubrir de un vistazo a los interiores de la Reserva Federal. Esto es el equivalente de Wall Street a los Documentos del Pentágono.
He escrito muchos informes detallando los crímenes de Wall Street durante la crisis.
El nivel de fraude, desde arriba abajo, ha sido espectacular. La falta de contabilidad y el desprecio absoluto al imperio de la ley me han hecho a mí y a muchos de mis colegas extremadamente cínicos y hastiados por todo lo que se refiere a nuevas evidencias y a ponerlas encima de la montaña de pruebas que ya hemos ido obteniendo todo este tiempo. Pero no debemos dejar que nuestro cinismo perturbe nuestra visión de los detalles de cara a esta nueva información.
Simplemente, cuando creí de verdad que los banksters no podrían sorprenderme más, lo han hecho.
Hemos tenido finalmente el honor y el privilegio de descubrir los detalles, una vista limitada a la Reserva Federal, de un secreto “plan de rescate por la puerta de atrás” financiado por los contribuyentes por parte de un grupo de banqueros privados. Esta información revela “los programas de préstamo de emergencia” que repartieron 12.3 billones de dólares (trillion dollars) en dinero del contribuyente- 3.3 billones de dólares en liquidez + 9 billones de dólares en “otros arreglos financieros”.
Espera. ¿Qué?. ¿Has dicho 12.3 billones de dólares del contribuyente que fueron repartidos en secreto por parte de banqueros privados…y el Congreso no conocía los detalles de la operación?.
Sí. Los Padres Fundadores se están removiendo en sus tumbas. La copia original de la Constitución se ha incendiado de forma espontánea. El fantasma de Tom Paine sale corriendo mientras grita desesperado por los salones del Congreso.
La Reserva Federal ha estado repartiendo dinero por todos lados de un modo sin precedentes, y esta vez no ha sido sólo a los sospechosos habituales como Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; ha sido al Cartel Banquero Global.
Los bancos centrales en todo el mundo: Australia, Dinamarca, Japón, México, Noruega, Corea del Sur, Suecia, Suiza, Inglaterra,…a los dealers de primera fila para el FED tales como Credit Suisse (Suiza), Deutsche Bank (Alemania), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (Francia)… Todos los jugadores Ponzi fueron “recompensados”. Todas las Organizaciones Corruptas Racketer Influyentes tuvieron su tajada.
¡Cuéntame algo sobre la caída e incendio de Roma!. Sayonara clase media americana…
Si todavía tienes alguna pregunta sobre si Estados Unidos es ahora la república bananera más importante del mundo, el veredicto final acaba de ser hecho y la decisión ha sido unánime.
Cualquier noción de cuento de hadas de que estamos viviendo en una nación construida sobre el imperio de la ley de la economía global basada en principios de libre mercado acaba de ser expuesta como lo que es, un cuento de hadas. El momento es equivalente a que a todo el mundo en el Vaticano les dijera el mismo Papa que Dios ha muerto.
He estado discutiendo durante años que el mercado está amañado y que las firmas de Wall Street más importantes son esquemas Ponzi elaborados, como mucha otra gente que construyó sus creencias en el pensamiento racional, la evidencia y la lógica razonada. Ya habíamos llegado a esta conclusión por medio de la investigación y de conectar los puntos.
Simplemente, cuando creí de verdad que los banksters no podrían sorprenderme más, lo han hecho.
Hemos tenido finalmente el honor y el privilegio de descubrir los detalles, una vista limitada a la Reserva Federal, de un secreto “plan de rescate por la puerta de atrás” financiado por los contribuyentes por parte de un grupo de banqueros privados. Esta información revela “los programas de préstamo de emergencia” que repartieron 12.3 billones de dólares (trillion dollars) en dinero del contribuyente- 3.3 billones de dólares en liquidez + 9 billones de dólares en “otros arreglos financieros”.
Espera. ¿Qué?. ¿Has dicho 12.3 billones de dólares del contribuyente que fueron repartidos en secreto por parte de banqueros privados…y el Congreso no conocía los detalles de la operación?.
Sí. Los Padres Fundadores se están removiendo en sus tumbas. La copia original de la Constitución se ha incendiado de forma espontánea. El fantasma de Tom Paine sale corriendo mientras grita desesperado por los salones del Congreso.
La Reserva Federal ha estado repartiendo dinero por todos lados de un modo sin precedentes, y esta vez no ha sido sólo a los sospechosos habituales como Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; ha sido al Cartel Banquero Global.
Los bancos centrales en todo el mundo: Australia, Dinamarca, Japón, México, Noruega, Corea del Sur, Suecia, Suiza, Inglaterra,…a los dealers de primera fila para el FED tales como Credit Suisse (Suiza), Deutsche Bank (Alemania), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (Francia)… Todos los jugadores Ponzi fueron “recompensados”. Todas las Organizaciones Corruptas Racketer Influyentes tuvieron su tajada.
¡Cuéntame algo sobre la caída e incendio de Roma!. Sayonara clase media americana…
Si todavía tienes alguna pregunta sobre si Estados Unidos es ahora la república bananera más importante del mundo, el veredicto final acaba de ser hecho y la decisión ha sido unánime.
Cualquier noción de cuento de hadas de que estamos viviendo en una nación construida sobre el imperio de la ley de la economía global basada en principios de libre mercado acaba de ser expuesta como lo que es, un cuento de hadas. El momento es equivalente a que a todo el mundo en el Vaticano les dijera el mismo Papa que Dios ha muerto.
He estado discutiendo durante años que el mercado está amañado y que las firmas de Wall Street más importantes son esquemas Ponzi elaborados, como mucha otra gente que construyó sus creencias en el pensamiento racional, la evidencia y la lógica razonada. Ya habíamos llegado a esta conclusión por medio de la investigación y de conectar los puntos.
Pero ahora, incluso nuestros escépticos más duros y los que apoyan a Wall Street de la forma más ardiente han tenido la evidencia delante de sus narices en las propias Hojas de Cálculo de La Reserva Federal.
Incluso el Financial Times, que nombró a Lloyd Blankfein Persona del Año en 2009, reaccionó a la noticia de esta forma:
Incluso el Financial Times, que nombró a Lloyd Blankfein Persona del Año en 2009, reaccionó a la noticia de esta forma:
“las reacciones iniciales fueron de shock ante la magnitud del préstamo de la FED a empresas extranjeras. Pero los detalles pintan un escenario aun más perturbador”.
Sí, el emperador va desnudo.
Dios, de hecho, está muerto. Pero por el momento, al menos, la ilusión continúa en pie, ¿cómo es esto posible?
Para empezar, como siempre, los canales de información (propaganda) en la televisión de Estados Unidos simplemente han callado todo el asunto; no hay nada que mirar aquí, simplemente, dejarlo de lado justo después de un mensaje de nuestros espónsores.
He llegado a la conclusión de que los crímenes de la Reserva Federal son tan enormes, tan gigantescos en escala, que es muy difícil para la gente imaginarse esto y comprender lo que ha ocurrido aquí.
Piensa en esto. Con sólo una mirada a sus operaciones, hemos sabido que la FED repartió 12.3 billones de dólares en créditos a interés cercano a cero, sin la aprobación ni conocimiento del Congreso.
Para empezar, como siempre, los canales de información (propaganda) en la televisión de Estados Unidos simplemente han callado todo el asunto; no hay nada que mirar aquí, simplemente, dejarlo de lado justo después de un mensaje de nuestros espónsores.
He llegado a la conclusión de que los crímenes de la Reserva Federal son tan enormes, tan gigantescos en escala, que es muy difícil para la gente imaginarse esto y comprender lo que ha ocurrido aquí.
Piensa en esto. Con sólo una mirada a sus operaciones, hemos sabido que la FED repartió 12.3 billones de dólares en créditos a interés cercano a cero, sin la aprobación ni conocimiento del Congreso.
La audacia y la absurdidad de todo esto supera la mente…
Concluyo, tras muchas conversaciones que he tenido con la gente, me parece que la persona media, no comprende cuánto es un trillón de dólares (billón de dólares para la contabilidad hispana).
Podrías también decir que hay 12.3 billones porque la gente no es capaz de entender lo que significa esa cifra, ni de entender lo que podría hacerse si se empleara ese dinero de otra forma.
¿Puedes imaginar lo que podríamos reestructurar en esta sociedad con 12.3 billones de dólares? Piensa en ello…
A la gente le cuesta entender la dimensión del colosal crimen cometido porque sigue escuchando la palabra “créditos” y cree que esto se parece a los créditos que ellos mismos obtienen del banco. Tu pides dinero y lo devuelves con intereses, no hay nada del otro mundo en esto.
Pero no es esto lo que ha ocurrido aquí. La FED repartió 12.3 billones de dólares en créditos de interés cero, usando a los americanos como colaterales, y pidiendo nada a cambio, nada más que un ramillete de activos tóxicos en algunos casos. Ellos dieron este dinero sólo a un grupo selecto de insiders, en un momento cuando muy pocos tenía dinero alguno porque todos estos insiders y especuladores habían hundido el sistema.
¿Te quedas con la jugada? La misma gente responsable por el derrumbamiento del sistema, fueron recompensados con billones de dólares.
¿Puedes imaginar lo que podríamos reestructurar en esta sociedad con 12.3 billones de dólares? Piensa en ello…
A la gente le cuesta entender la dimensión del colosal crimen cometido porque sigue escuchando la palabra “créditos” y cree que esto se parece a los créditos que ellos mismos obtienen del banco. Tu pides dinero y lo devuelves con intereses, no hay nada del otro mundo en esto.
Pero no es esto lo que ha ocurrido aquí. La FED repartió 12.3 billones de dólares en créditos de interés cero, usando a los americanos como colaterales, y pidiendo nada a cambio, nada más que un ramillete de activos tóxicos en algunos casos. Ellos dieron este dinero sólo a un grupo selecto de insiders, en un momento cuando muy pocos tenía dinero alguno porque todos estos insiders y especuladores habían hundido el sistema.
¿Te quedas con la jugada? La misma gente responsable por el derrumbamiento del sistema, fueron recompensados con billones de dólares.
Esto dio al selecto grupo de insiders un poder ilimitado para tomar control de los activos y tener una influencia sin precedentes sobre casi todo lo que hay en nuestras economías, es decir, es como hablar de capitalismo-entre- amigos con esteroides.
Esto ha sido una OPA hostil a nivel mundial orquestada por medio de ataques a la economía por parte de un pequeño grupo de banqueros privados a nivel global. Han paralizado el sistema, se les ha dado el poder de recrearlo de acuerdo a sus propios deseos. No hay mercado libre, ni democracia de ninguna clase. Todo se ha llevado en secreto.
Esto ha sido una OPA hostil a nivel mundial orquestada por medio de ataques a la economía por parte de un pequeño grupo de banqueros privados a nivel global. Han paralizado el sistema, se les ha dado el poder de recrearlo de acuerdo a sus propios deseos. No hay mercado libre, ni democracia de ninguna clase. Todo se ha llevado en secreto.
En el proceso, se han concedido a sí mismos bonos de infarto mayores que en todos los tiempos, empobreciendo a millones de personas. Han puesto en movimiento un sistema que colapsará inevitablemente de nuevo y destruirá finalmente la misma existencia de lo que queda de la clase media económica.
Esto no es una hipérbole. Es exactamente lo que ha ocurrido.
Estamos hablando de billones de dólares secretamente enviados a los bancos globales, seleccionados por un pequeño selecto grupo de banqueros. Todo para el beneficio de esos mismos banqueros, a costa de todo el mundo. La gente no puede comprender lo que esto significa y las severas consecuencias que implica; acabamos de empezar a experimentar lo que esto significa.
Déjame simplificarlo para ti: el Sueño Americano se A- C- A- B- Ó...
Bienvenido al estado fascista neo-feudal
La gente en todo el mundo que sigue usando el dólar o bien
Esto no es una hipérbole. Es exactamente lo que ha ocurrido.
Estamos hablando de billones de dólares secretamente enviados a los bancos globales, seleccionados por un pequeño selecto grupo de banqueros. Todo para el beneficio de esos mismos banqueros, a costa de todo el mundo. La gente no puede comprender lo que esto significa y las severas consecuencias que implica; acabamos de empezar a experimentar lo que esto significa.
Déjame simplificarlo para ti: el Sueño Americano se A- C- A- B- Ó...
Bienvenido al estado fascista neo-feudal
La gente en todo el mundo que sigue usando el dólar o bien
No importa de qué forma lo veas,¡ todos nosotros estamos en un problema muy serio.
Si eres un cargo electo, (sé que al menos 17 personas suscritas a mi newsletter lo son) y crees en el juramento que hiciste cuando aceptaste el cargo, debes pedir inmediatamente una auditoria completa de la Reserva Federal y pedir que se detenga a Ben Bernanke y a la cúpula completa de la Reserva Federal. Si no haces nada de esto, te mereces que te llamen “muñeco irrelevante” y te lo pongan tatuado en la frente.
Sí, son palabras muy duras, pero son la verdad.
El Cartel Banquero Global ha sido tan descaradamente expuesto, que no puedes seguir creyendo que vivimos en una nación con leyes basadas en la Constitución. La broma se ha acabado.
Esto ha ocurrido hace ahora dos años.
Si eres un cargo electo, (sé que al menos 17 personas suscritas a mi newsletter lo son) y crees en el juramento que hiciste cuando aceptaste el cargo, debes pedir inmediatamente una auditoria completa de la Reserva Federal y pedir que se detenga a Ben Bernanke y a la cúpula completa de la Reserva Federal. Si no haces nada de esto, te mereces que te llamen “muñeco irrelevante” y te lo pongan tatuado en la frente.
Sí, son palabras muy duras, pero son la verdad.
El Cartel Banquero Global ha sido tan descaradamente expuesto, que no puedes seguir creyendo que vivimos en una nación con leyes basadas en la Constitución. La broma se ha acabado.
Esto ha ocurrido hace ahora dos años.
¿Se pregunta aun alguien seriamente por qué estamos en crisis?.
Nuestra economía ha sido derrumbada al suelo debido a una decisión estratégica, deliberada por un pequeño grupo de banqueros internacionales privados en la Reserva Federal.
¿No es capaz la gente de entender la conexión aquí?.
Estoy hablando de que este país está dirigido por un Cartel Banquero Internacional.
Siempre recuerdo la frase de Harry Overstreet que escribió lo siguiente en 1925 “Dar a la gente los hechos como una estrategia de influencia” ha sido un fallo.
Siempre recuerdo la frase de Harry Overstreet que escribió lo siguiente en 1925 “Dar a la gente los hechos como una estrategia de influencia” ha sido un fallo.
La crisis prueba que Overstreet tenía razón.
Aquí hay una lista de informes sobre esta filtración de Bernanke.
Aquí hay una lista de informes sobre esta filtración de Bernanke.
Prepárate para entrar en el teatro del absurdo…
Empiezo con el senador Bernie Sanders al que Bernanke reventó cuando éste le preguntó sobre este asunto en una audiencia del Congreso.
Empiezo con el senador Bernie Sanders al que Bernanke reventó cuando éste le preguntó sobre este asunto en una audiencia del Congreso.
En un artículo titulado “Un mandíbula-cuentagotas en la Reserva Federal”, el senador Sanders revela algunos detalles.
At a Senate Budget Committee hearing in 2009, I asked FED Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later… we have begun to lift the veil of secrecy at the FED…
After years of stonewalling by the FED, the American people are finally learning the incredible and jaw-dropping details of the FED’s multi-trillion-dollar bailout of Wall Street and corporate America….
We have learned that the $700 billion Wall Street bailout… turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country.…
Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks - Deutsche Bank and Credit Suisse - which were the largest beneficiaries of the FED’s purchase of mortgage-backed securities….
Has the Federal Reserve of the United States become the central bank of the world?… [read Global Banking Cartel]
What this disclosure tells us, among many other things, is that despite this huge taxpayer bailout, the FED did not make the appropriate demands on these institutions necessary to rebuild our economy and protect the needs of ordinary Americans….
What we are seeing is the incredible power of a small number of people who have incredible conflicts of interest getting incredible help from the taxpayers of this country while ignoring the needs of the people. [read more]
En un artículo titulado “La FED Mintió acerca de Wall Street”, Zach Carter explica el asunto de este modo:
The Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it… By denying the solvency crisis, major bank executives who had run their companies into the ground were allowed to keep their jobs, and shareholders who had placed bad bets on their firms were allowed to collect government largesse, as bloated bonuses began paying out soon after.
But the banks themselves still faced a capital shortage, and were only kept above those critical capital thresholds because federal regulators were willing to look the other way, letting banks account for obvious losses as if they were profitable assets.
So based on the FED audit data, it’s hard to conclude that FED Chairman Ben Bernanke was telling the truth when he told Congress on March 3, 2009, that there were no zombie banks in the United States.
“I don’t think that any major U.S. bank is currently a zombie institution,” Bernanke said.
As Bernanke spoke those words banks had been pledging junk bonds as collateral under FED facilities for several months…
This is the heart of today’s foreclosure fraud crisis. Banks are foreclosing on untold numbers of families who have never missed a payment, because rushing to foreclosure generates lucrative fees for the banks, whatever the costs to families and investors. This is, in fact, far worse than what Paul Krugman predicted. Not only are zombie banks failing to support the economy, they are actively sabotaging it with fraud in order to make up for their capital shortages. Meanwhile, regulators are aggressively looking the other way.
The FED had to fix liquidity in 2008. That was its job. But as major banks went insolvent, the FED and Treasury had a responsibility to fix that solvency issue - even though that meant requiring shareholders and executives to live up to losses. Instead, as the FED audit tells us, policymakers knowingly ignored the real problem, pushing losses onto the American middle class in the process.” [read more]
Incluso el Financial Times explica:
La luz del sol muestra incoherencias en la historia del rescate de la FED“Ha tomado dos años, un pleito muy duro y una Acta del Congreso, pero finalmente, la Reserva Federal ha desglosado los detalles de sus programas de préstamo en la crisis financiera. Las reacciones iniciales fueron de shock ante la dimensión del préstamo, particularmente a empresas extranjeras.Pero los detalles muestran un panorama mucho más perturbador aun… e incluso una conclusión más problemática de esos datos es que…ahora es obvio que la FED asumió mucho más riesgo en términos menos favorables de lo que la gente habría creído…”Más
Al estilo de la FED, ni siquiera han cumplido por completo con el Congreso.
En un informe titulado “FED niega la información sobre 885 mil millones de dólares en créditos de crisis financiera” Bloomberg pone la guinda del pastel:
For three of the FED’s six emergency facilities, the central bank released information on groups of collateral it accepted by asset type and rating, without specifying individual securities. Among them was the Primary Dealer Credit Facility, created in March 2008 to provide loans to brokers as Bear Stearns Cos. collapsed.
“This is a half-step,” said former Atlanta FED research director Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc. in Sarasota, Florida.“If you were going to audit the facilities, then would this enable you to do an audit? The answer is ‘No,’ you would have to go in and look at the individual amounts of collateral and how it was broken down to do that. And that is the spirit of what the requirements were in Dodd-Frank.” [read more]
Aquí está la única persona en las noticias de USA que realmente está cubriendo esto y entiende de qué va. Es el programa de Dylan Ratigan con su invitado Chris Whalen del Institutional Risk Analytics.
Esta frase de Whalen resume el asunto bien:
“Los tipos del FED son tan corruptos, están tan atrapados por la industria banquera, que la FED está ahí para apoyar a los especuladores y han llevado a la economía real al infierno”.
Mattew Rothschild tiene una buena cita:
“El rescate financiero fue un despilfarro gigante, no democrático y cleptocrático hasta su núcleo”.
Matt Stoller en NewDeal 2.0 escribe:
Ponerle fin a esta FED
“La FED, y específicamente la gente que la dirige, son responsables por los salarios cada vez más bajos, por la desindustralización, por las burbujas, y por la corrupción sistémica del los mercados de capitales americanos. La nueva atmósfera financiera destruyó el aura mítica de la FED.Con la pérdida de legitimidad, viene la pérdida de confianza y la vulnerabilidad a cualquier forma de crítica. La FED es ahora menos respetada que la IRS. Al menos, necesitamos darnos cuenta de que esta gente gobierna de hecho este país y no debería hacerlo.”
En caso de que alguien crea que esto es de nuevo un rollo de izquierdas versus derechas, puede ver el programa de la Fox Business con Andrew Napolitano y de invitado a Ron Paul, que, por supuesto lleva siendo un largo tiempo un gran detractor de la FED.
Paul espera ver algunos Wikileaks sobre la FED muy pronto.
La Fundación Sunlight pone una luz sobre el Bank of America y el gestor amigo de la Reserva Federal Black Rock
El Programa de créditos de la Reserva Federal permitió a Bank of America beneficiarse dos veces
“Bank of America era uno de los bancos que era capaz de jugar a ambos lados del programa de la Reserva Federal lanzado durante la crisis financiera de 2008.Cuando Bank of America estaba vendiendo sus activos a firmas para obtener los créditos a través del programa de la FED, la firma de inversión BlackRock, en poder de Bank of America en parte, estaba potencialmente generando un beneficio de esos mismos créditos comprando activos similares a los vendidos por Bank of America.”
Gretchen Morgenson en el New York Times dice:
Así que ahí es donde el dinero ha ido a pararCómo la verdad emerge donde antes veíamos una pequeña luz sobre el tema…
Todos los datos sobre los préstamos de emergencia por parte de la FED son altamente reveladores, pero ¿por qué no fueron hechos públicos antes?.Esa es una pregunta que Walter F. Todd, del American Institute for Economic Research, se está haciendo.
El Sr. Todd, oficial de investigación en el Banco de la Reserva Federal de Cleveland dijo que los detalles sobre los vastos y variados programas de la FED deberían haber estado disponibles para la investigación antes de que la reforma de Dodd-Franck fuera incluso escrita.“El conjunto actual de poderes de la FED y la forma de la ley Dodd-Frank antes que nada podría haber tenido un aspecto muy diferente si esta información se hubiera hecho pública durante el debate sobre la ley, dijo.“Si estas tablas hubieran sido conocidas, creo que el Congreso habría dicho o bien ‘no’ a la autoridad de préstamos de emergencia o si quieres, la cantidad habría sido mucho menor”.
En otro artículo “Bienvenido al montepío global” se dice:
La FED Opera como un “montepío global” - 9 billones de dólares a 18 instituciones financieras
“El informe muestra que la FED opera como un montepío global que toma prácticamente cualquier cosa que los bancos tengan como colateral. Lo que es más perturbador es que la Reserva Federal no cargaba nada a estos prestatarios así que tenías a bancos como Goldman Sachs empleando la crisis para enchufar a la FED colaterales baratos.
La FED es rápida apuntando que “los contribuyentes estaban completamente protegidos” pero no hacen mención de la destrucción que han causado al dólar. Este es un coste oculto a los americanos y tampoco ayudaron ya que fueron el combustible de la burbuja global más gigantesca que jamás haya visto la humanidad.”
El periodista financiero Barry Grey revela la verdad:
El informe de la FED levanta el velo sobre el Gran Golpe Bancario de 2008-2009
Los bancos y corporaciones que se beneficiaron ni siquiera se vieron obligados a ofrecer contabilidad de lo que hicieron con el dinero. El propósito completo de la operación fue emplear el dinero público para cubrir las pérdidas del juego de la aristocracia financiera americana y crear las condiciones ideales, para financieros y especuladores, para hacer aun más dinero.
De las 21.000 transacciones citadas en los documentos de la FED, desglosadas bajo una provisión incluidas, con las objeciones de la FED, en la ley regulatoria de este año, todas fueron llevadas a cabo en secreto. El banco central privado operaba (y opera) sin mandato congresional alguno ni supervisión.
Los documentos arrojaron luz sobre el saqueo de recursos sociales más gigantesco llevado a cabo en la historia. Se llevó a cabo bajo las administraciones de Bush y de Obama.Aquellos que organizaron el robo del tesoro público eran insiders de largo recorrido de Wall Street:hombres como el secretarios del tesoro con Bush y ex CEO de Goldman Sachs, Henry Paulson, y entonces presidente de la Reserva Federal de NY, Timothy GeithnerLos documentos de la FED muestran que el banco central de USA permitió a los bancos y corporaciones ocultar sus malas deudas en la hoja de balance del FED. Ahora, para prevenir un colapso del dólar y un impago por parte del gobierno de USA, a la gente americana le han dicho que deben sacrificarse para reducir la deuda nacional y el déficit presupuestario.
Pero a medida que las vastas sumas se hacen claras, el “sacrificio” que se pide de la clase trabajadora significa empobrecimiento, corte de salarios y desempleo en masa, cortes en sanidad, seguridad social, sanidad, etc.
La misma escala del rescate de la FED señala la escala del crash financiero y la criminalidad que ha ocultado y amparado…la entera economía capitalista de USA descansaba en un esquema Ponzi que estaba diseñado para colapsar..
Los bancos fueron capaces de tomar el cash barato de la FED y prestárselo de nuevo al gobierno al DOBLE Y CUÁDRUPLE de tasas de interés que llevaban inicialmente, llevándose en el proceso miles de millones…
La saga aun viviente del robo de la economía por parte de la elite financiera revela la mentira que hay en las continuas declaraciones de que “No hay dinero para trabajos, empleo, educación, vivienda, sanidad”.La clase dirigente está nadando en dinero.
Aquí hay dos vídeos de este autor sobre el Escuadrón Económico de La Muerte de Wall Street:
The Greatest Theft in History
The Wall Street Economic Death Squad
Part I
The Greatest Theft in History
Wall Street Economic Death Squad
Part II
PARA VER LOS VIDEOS VAYAN A LA FUENTE
Versión Original en Inglés
- Are The Federal Reserve’s Crimes Too Big To Comprehend? -The Wall Street Pentagon Papers
Biggest Scam In World History Exposedby David DeGraw
December 6, 2010
from AmpedStatus Website
from AmpedStatus Website
The Wall Street Pentagon Papers:
That’s what we are about to find out.
I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release.
I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release.
Even if WikiLeaks reveals documents from inside a large American bank, as huge as that could be, it will most likely pale in comparison to what we just found out from the one-time peek we got into the inner-workings of the Federal Reserve.
This is the Wall Street equivalent of the Pentagon Papers.
I’ve written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from top to bottom, has been staggering. The lack of accountability and the complete disregard for the rule of law have made me and many of my colleagues extremely cynical and jaded when it comes to new evidence to pile on top of the mountain that we have already gathered.
I’ve written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from top to bottom, has been staggering. The lack of accountability and the complete disregard for the rule of law have made me and many of my colleagues extremely cynical and jaded when it comes to new evidence to pile on top of the mountain that we have already gathered.
But we must not let our cynicism cloud our vision on the details within this new information.
Just when I thought the banksters couldn’t possibly shock me anymore… they did.
We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money - $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”
Wait, what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details?
Yes. The Founding Fathers are rolling over in their graves. The original copy of the Constitution spontaneously burst into flames. The ghost of Tom Paine went running, stark raving mad screaming through the halls of Congress.
The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel, to central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England…
Just when I thought the banksters couldn’t possibly shock me anymore… they did.
We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money - $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”
Wait, what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details?
Yes. The Founding Fathers are rolling over in their graves. The original copy of the Constitution spontaneously burst into flames. The ghost of Tom Paine went running, stark raving mad screaming through the halls of Congress.
The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel, to central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England…
To the FED’s foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)… All their Ponzi players were “gifted.” All the Racketeer Influenced and Corrupt Organizations got their cut.
Talk about the ransacking and burning of Rome! Sayonara American middle class…
If you still had any question as to whether or not the United States is now the world’s preeminent banana republic, the final verdict was just delivered and the decision was unanimous. The ayes have it.
Any fairytale notions that we are living in a nation built on the rule of law and of the global economy being based on free market principles has now been exposed as just that, a fairytale. This moment is equivalent to everyone in Vatican City being told, by the Pope, that God is dead.
I’ve been arguing for years that the market is rigged and that the major Wall Street firms are elaborate Ponzi schemes, as have many other people who built their beliefs on rational thought, reasoned logic and evidence. We already came to this conclusion by doing the research and connecting the dots. But now, even our strongest skeptics and the most ardent Wall Street supporters have it all laid out in front of them, on FEDERAL RESERVE SPREADSHEETS.
Even the Financial Times, which named Lloyd Blankfein its 2009 person of the year, reacted by reporting this:
Talk about the ransacking and burning of Rome! Sayonara American middle class…
If you still had any question as to whether or not the United States is now the world’s preeminent banana republic, the final verdict was just delivered and the decision was unanimous. The ayes have it.
Any fairytale notions that we are living in a nation built on the rule of law and of the global economy being based on free market principles has now been exposed as just that, a fairytale. This moment is equivalent to everyone in Vatican City being told, by the Pope, that God is dead.
I’ve been arguing for years that the market is rigged and that the major Wall Street firms are elaborate Ponzi schemes, as have many other people who built their beliefs on rational thought, reasoned logic and evidence. We already came to this conclusion by doing the research and connecting the dots. But now, even our strongest skeptics and the most ardent Wall Street supporters have it all laid out in front of them, on FEDERAL RESERVE SPREADSHEETS.
Even the Financial Times, which named Lloyd Blankfein its 2009 person of the year, reacted by reporting this:
“The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker and even more disturbing picture.”
Yes, the emperor doesn’t have any clothes. God is, indeed, dead. But, for the moment at least, the illusion continues to hold power.
How is this possible?
To start with, as always, the US television “news” media (propaganda) networks just glossed over the whole thing - nothing to see here, just move along, back after a message from our sponsors… Other than that obvious reason, I’ve come to the realization that the Federal Reserve’s crimes are so big, so huge in scale, it is very hard for people to even wrap their head around it and comprehend what has happened here.
Think about it. In just this one peek we got at its operations, we learned that the FED doled out $12.3 trillion in near-zero interest loans, without Congressional input.
To start with, as always, the US television “news” media (propaganda) networks just glossed over the whole thing - nothing to see here, just move along, back after a message from our sponsors… Other than that obvious reason, I’ve come to the realization that the Federal Reserve’s crimes are so big, so huge in scale, it is very hard for people to even wrap their head around it and comprehend what has happened here.
Think about it. In just this one peek we got at its operations, we learned that the FED doled out $12.3 trillion in near-zero interest loans, without Congressional input.
The audacity and absurdity of it all is mind boggling…
Based on many conversations I’ve had with people, it seems that the average person doesn’t comprehend how much a trillion dollars is, let alone 12.3 trillion. You might as well just say 12.3 gazillion, because people don’t grasp a number that large, nor do they understand what would be possible if that money was used in other ways.
Can you imagine what we could do to restructure society with $12.3 trillion? Think about that…
People also can’t grasp the colossal crime committed because they keep hearing the word “loans.” People think of the loans they get. You borrow money, you pay it back with interest, no big deal.
That’s not what happened here. The FED doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.
Do you get that?
The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies - crony capitalism on steroids.
This was a hostile world takeover orchestrated through economic attacks by a very small group of unelected global bankers. They paralyzed the system, then were given the power to recreate it according to their own desires. No free market, no democracy of any kind. All done in secrecy.
This was a hostile world takeover orchestrated through economic attacks by a very small group of unelected global bankers. They paralyzed the system, then were given the power to recreate it according to their own desires. No free market, no democracy of any kind. All done in secrecy.
In the process, they gave themselves all-time record-breaking bonuses and impoverished tens of millions of people - they have put into motion a system that will inevitably collapse again and utterly destroy the very existence of what is left of an economic middle class.
That is not hyperbole. That is what happened.
We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else. People can’t even comprehend what that means and the severe consequences that it entails, which we have only just begun to experience.
Let me sum it up for you: The American Dream is O-V-E-R...
Welcome to the neo-feudal-fascist state.
People throughout the world who keep using the dollar are either
That is not hyperbole. That is what happened.
We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else. People can’t even comprehend what that means and the severe consequences that it entails, which we have only just begun to experience.
Let me sum it up for you: The American Dream is O-V-E-R...
Welcome to the neo-feudal-fascist state.
People throughout the world who keep using the dollar are either
No matter which way you look at it, we are all in serious trouble!
If you are an elected official, (I know at least 17 of you subscribe to my newsletter) and you believe in the oath you took upon taking office, you must immediately demand a full audit of the Federal Reserve and have Ben Bernanke and the entire Federal Reserve Board detained. If you are not going to do that, you deserve to have the words “Irrelevant Puppet” tattooed across your forehead.
Yes, those are obviously strong words, but they are the truth.
The Global Banking Cartel has now been so blatantly exposed, you cannot possibly get away with pretending that we live in a nation of law based on the Constitution. The jig is up.
It’s been over two years now; does anyone still seriously not understand why we are in this crisis? Our economy has been looted and burnt to the ground due to the strategic, deliberate decisions made by a small group of unelected global bankers at the Federal Reserve. Do people really not get the connection here? I mean, H.E.L.L.O.
If you are an elected official, (I know at least 17 of you subscribe to my newsletter) and you believe in the oath you took upon taking office, you must immediately demand a full audit of the Federal Reserve and have Ben Bernanke and the entire Federal Reserve Board detained. If you are not going to do that, you deserve to have the words “Irrelevant Puppet” tattooed across your forehead.
Yes, those are obviously strong words, but they are the truth.
The Global Banking Cartel has now been so blatantly exposed, you cannot possibly get away with pretending that we live in a nation of law based on the Constitution. The jig is up.
It’s been over two years now; does anyone still seriously not understand why we are in this crisis? Our economy has been looted and burnt to the ground due to the strategic, deliberate decisions made by a small group of unelected global bankers at the Federal Reserve. Do people really not get the connection here? I mean, H.E.L.L.O.
Our country is run by an unelected Global Banking Cartel.
I am constantly haunted by a quote from Harry Overstreet, who wrote the following in his 1925 groundbreaking study Influencing Human Behavior:
I am constantly haunted by a quote from Harry Overstreet, who wrote the following in his 1925 groundbreaking study Influencing Human Behavior:
“Giving people the facts as a strategy of influence” has been a failure, “an enterprise fraught with a surprising amount of disappointment.”
This crisis overwhelmingly proves Overstreet’s thesis to be true. Nonetheless, we solider on…
Here’s a roundup of reports on this BernankeLeaks:
Here’s a roundup of reports on this BernankeLeaks:
Prepare to enter the theater of the absurd…
I’ll start with Senator Bernie Sanders (I-Vermont). He was the senator who Bernanke blew off when he was asked for information on this heist during a congressional hearing. Sanders fought to get the amendment written into the financial “reform” bill that gave us this one-time peek into the FED’s secret operations.
I’ll start with Senator Bernie Sanders (I-Vermont). He was the senator who Bernanke blew off when he was asked for information on this heist during a congressional hearing. Sanders fought to get the amendment written into the financial “reform” bill that gave us this one-time peek into the FED’s secret operations.
(Remember, remember the 6th of May, HFT, flash crash and terrorism. “Hey, David, Homeland Security is on the phone! They want to ask you questions about some NYSE SLP program.”)
In an article entitled, “A Real Jaw-Dropper at the Federal Reserve,” Senator Sanders reveals some of the details:
In an article entitled, “A Real Jaw-Dropper at the Federal Reserve,” Senator Sanders reveals some of the details:
At a Senate Budget Committee hearing in 2009, I asked FED Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later… we have begun to lift the veil of secrecy at the FED…
After years of stonewalling by the FED, the American people are finally learning the incredible and jaw-dropping details of the FED’s multi-trillion-dollar bailout of Wall Street and corporate America…
We have learned that the $700 billion Wall Street bailout… turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country...
Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks - Deutsche Bank and Credit Suisse - which were the largest beneficiaries of the FED’s purchase of mortgage-backed securities…
Has the Federal Reserve of the United States become the central bank of the world?… [read 'Global Banking Cartel']
What this disclosure tells us, among many other things, is that despite this huge taxpayer bailout, the FED did not make the appropriate demands on these institutions necessary to rebuild our economy and protect the needs of ordinary Americans…
What we are seeing is the incredible power of a small number of people who have incredible conflicts of interest getting incredible help from the taxpayers of this country while ignoring the needs of the people. [read more]
In an article entitled, “The FED Lied About Wall Street,” Zach Carter sums it up this way:
The Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it…By denying the solvency crisis, major bank executives who had run their companies into the ground were allowed to keep their jobs, and shareholders who had placed bad bets on their firms were allowed to collect government largesse, as bloated bonuses began paying out soon after.
But the banks themselves still faced a capital shortage, and were only kept above those critical capital thresholds because federal regulators were willing to look the other way, letting banks account for obvious losses as if they were profitable assets.
So based on the FED audit data, it’s hard to conclude that FED Chairman Ben Bernanke was telling the truth when he told Congress on March 3, 2009, that there were no zombie banks in the United States.
“I don’t think that any major U.S. bank is currently a zombie institution,” Bernanke said.
As Bernanke spoke those words banks had been pledging junk bonds as collateral under FED facilities for several months…
This is the heart of today’s foreclosure fraud crisis. Banks are foreclosing on untold numbers of families who have never missed a payment, because rushing to foreclosure generates lucrative fees for the banks, whatever the costs to families and investors. This is, in fact, far worse than what Paul Krugman predicted. Not only are zombie banks failing to support the economy, they are actively sabotaging it with fraud in order to make up for their capital shortages. Meanwhile, regulators are aggressively looking the other way.
The FED had to fix liquidity in 2008. That was its job. But as major banks went insolvent, the FED and Treasury had a responsibility to fix that solvency issue - even though that meant requiring shareholders and executives to live up to losses.Instead, as the FED audit tells us, policymakers knowingly ignored the real problem, pushing losses onto the American middle class in the process. [read more]
Even the Financial Times is jumping ship:
Sunlight Shows Cracks in FED’s Rescue StoryIt took two years, a hard-fought lawsuit, and an act of Congress, but finally… the Federal Reserve disclosed the details of its financial crisis lending programs. The initial reactions were shock at the breadth of lending, particularly to foreign firms.But the details paint a bleaker, earlier, and even more disturbing picture… An even more troubling conclusion from the data is that… it is now apparent that the FED took on far more risk, on less favorable terms, than most people have realized. [read more]
In true FED fashion, they didn’t even fully comply with Congress.
In a report entitled, “FED Withholds Collateral Data for $885 Billion in Financial-Crisis Loans,” Bloomberg puts some icing on the cake:
For three of the FED’s six emergency facilities, the central bank released information on groups of collateral it accepted by asset type and rating, without specifying individual securities. Among them was the Primary Dealer Credit Facility, created in March 2008 to provide loans to brokers as Bear Stearns Cos. collapsed.
“This is a half-step,” said former Atlanta FED research director Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc. in Sarasota, Florida.“If you were going to audit the facilities, then would this enable you to do an audit? The answer is ‘No,’ you would have to go in and look at the individual amounts of collateral and how it was broken down to do that. And that is the spirit of what the requirements were in Dodd-Frank.” [read more]
Here’s the only person on US TV “news” who actually covers and understands any of this, enter Dylan Ratigan, with his guest Chris Whalen from Institutional Risk Analytics.
This quote from Whalen sums it up well:
“The folks at the FED have become so corrupt, so captured by the banking industry… the FED is there to support the speculators and they let the real economy go to hell.”
The Progressive’s Matthew Rothschild has a good quote:
“The financial bailout was a giant boondoggle, undemocratic and kleptocratic to its core.”
Matt Stoller on NewDeal 2.0:
End This FEDThe FED, and specifically the people who run it, are responsible for declining wages, for de-industrialization, for bubbles, and for the systemic corruption of American capital markets. The new financial blogosphere destroyed the FED’s mythic stature…. With a loss of legitimacy comes a lack of public trust and a vulnerability to any form of critic.The FED is now less respected than the IRS… Liberals should stop their love affair with conservative technocratic myths of monetary independence, and cease seeing this Federal Reserve as a legitimate actor. At the very least, we need to begin noticing that these people do in fact run the country, and should not. [read more]
In case anyone is confused into believing that this is just another right vs. left partisan issue, enter Fox Business host Judge Andrew Napolitano with his guest Republican Congressman Ron Paul, who is, of course, a longtime leading FED critic.
Paul hopes to see some Wikileaks on the Federal Reserve:
The Sunlight Foundation shines a light on Bank of America and the Federal Reserve’s brother money manager BlackRock:
Federal Reserve Loan Program Allowed Bank of America to Benefit TwiceBank of America was one of several banks that was able to play both sides of a Federal Reserve program launched during the 2008 financial crisis.While Bank of America was selling its assets to firms obtaining loans through the FED program, the investment firm BlackRock - partially owned by Bank of America - was potentially turning a profit by using those loans to buy assets similar to those sold by Bank of America.
Gretchen Morgenson at the New York Times jumps into the act:
So That’s Where the Money WentHow the truth shines through when you shed a little light on a subject….
All of the emergency lending data released by the FED are highly revealing, but why weren’t they made public much earlier? That’s a question that Walker F. Todd, a research fellow at the American Institute for Economic Research, is asking.
Mr. Todd, a former assistant general counsel and research officer at the Federal Reserve Bank of Cleveland, said details about the FED’s vast and various programs should have been available before the Dodd-Frank regulatory reform law was even written.“The FED’s current set of powers and the shape of the Dodd-Frank bill over all might have looked quite different if this information had been made public during the debate on the bill,” he said.“Had these tables been out there, I think Congress would have either said no to emergency lending authority or if you get it, it’s going to be a much lower number - half a trillion dollars in the aggregate.” [read more]
Welcome to the “global pawnshop:”
The FED Operates as a “global pawnshop:” $9 trillion to 18 financial institutionsWhat the report shows is that the FED operated as a global pawnshop taking in practically anything the banks had for collateral.What is even more disturbing is that the Federal Reserve did not enact any punitive charges to these borrowers so you had banks like Goldman Sachs utilizing the crisis to siphon off cheap collateral.The FED is quick to point out that “taxpayers were fully protected” but mention little of the destruction they have caused to the US dollar. This is a hidden cost to Americans and it also didn’t help that they were the fuel that set off the biggest global housing bubble ever witnessed by humanity. [read more]
“No strings attached.”
Financial reporter Barry Grey unleashes the truth:
FED report lifts lid on Great Bank Heist of 2008-2009The banks and corporations that benefited were not even obliged to provide an account of what they did with the money.The entire purpose of the operation was to use public funds to cover the gambling losses of the American financial aristocracy, and create the conditions for the financiers and speculators to make even more money.
All of the 21,000 transactions cited in the FED documents - released under a provision included, over the FED’s objections, in this year’s financial regulatory overhaul bill - were carried out in secret. The unelected central bank operated without any congressional mandate or oversight.
The documents shed light on the greatest plundering of social resources in history. It was carried out under both the Republican Bush and Democratic Obama administrations.Those who organized the looting of the public treasury were long-time Wall Street insiders:men like Bush’s treasury secretary and former Goldman Sachs CEO Henry Paulson and the then-president of the New York Federal Reserve, Timothy Geithner…The FED documents show that the US central bank enabled banks and corporations to offload their bad debts onto the FED’s balance sheet.Now, in order to prevent a collapse of the dollar and a default by the US government, the American people are being told they must sacrifice to reduce the national debt and budget deficit.
But as the vast sums make clear, the “sacrifice” being demanded of working people means their impoverishment - wage-cutting, mass unemployment, cuts in health care, Social Security, Medicare, Medicaid, etc.
The very scale of the FED bailout points to the scale of the financial crash and the criminality that fostered it… The entire US capitalist economy rested on a huge Ponzi scheme that was bound to collapse…
The banks were able to take the cheap cash from the FED and lend it back to the government at double and quadruple the interest rates they were initially charged - pocketing many billions in the process…
The ongoing saga of the looting of the economy by the financial elite puts the lie to the endless claims that “there is no money” for jobs, housing, education or health care. The ruling class is awash in money. [read more]
Here’s an old Jim Rogers interview from two years ago when this whole thing was originally going down:
Here are two videos that I made last year, with an assist from Alan Grayson and Dylan Ratigan:
The Greatest Theft in History
The Wall Street Economic Death Squad
Part I
The Greatest Theft in History
Wall Street Economic Death Squad
Part II
And on a final note, you may as well rock out to this new song while Rome burns…
WORLD PREMIERE
Ben Bernanke: Public Enemy #1 - Mr. Big Shot
Ben Shalom Bernanke is wanted for violating the United States Constitution, committing acts of financial terrorism and crimes against humanity. As a leading member of the Global Banking Cartel, he is considered a highly dangerous enemy combatant.Citizens of the United States hereby demand that he be properly detained under the laws and customs of war.
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