Archive for the ‘Federal Reserve’ Category
Milton Friedman says that the purpose of the federal reserve is to provide cash when there is a run on the banks. This is part of a 10 hour series which can be viewed at: http://www.ideachannel.tv/
Duration : 0:4:55
According to steve forbes.
The following video was broadcast on MSNBCs Morning Meeting, Friday, July 24, 2009:
Federal Reserve is a Ponzi scheme, an inside job
Source: RawStory
The Federal Reserve — the quasi-autonomous body that controls the USs money supply — is a Ponzi scheme that created bubble after bubble in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.
In a wide-ranging discussion of the bank bailouts on MSNBCs Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.
Spitzer — who built a reputation as the Sheriff of Wall Street for his zealous prosecutions of corporate crime as New Yorks attorney-general and then resigned as the states governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to Americas greatest theft and cover-up ever.
Advocating in favor of a House bill to audit the Federal Reserve, Spitzer said: The Federal Reserve has benefited for decades from the notion that it is quasi-autonomous, its supposed to be independent. Let me tell you a dirty secret: The Fed has done an absolutely disastrous job since [former Fed Chairman] Paul Volcker left.
The reality is the Fed has blown it. Time and time again, they blew it. Bubble after bubble, they failed to understand what they were doing to the economy.
The most poignant example for me is the AIG bailout, where they gave tens of billions of dollars that went right through — conduit payments — to the investment banks that are now solvent. We [taxpayers] didnt get stock in those banks, they didnt ask what was going on — this begs and cries out for hard, tough examination.
You look at the governing structure of the New York [Federal Reserve], it was run by the very banks that got the money. This is a Ponzi scheme, an inside job. It is outrageous, it is time for Congress to say enough of this. And to give them more power now is crazy.
The Fed needs to be examined carefully.
Spitzer resigned as governor of New York in March, 2008, after news reports stated Spitzer had paid for a $1,000-an-hour New York City call girl.
read the full article at:
http://blacklistednews.com/?news_id=4977
http://www.wacholland.org
Duration : 0:8:39
THE FEDERAL RESERVE IS UNCONSTITUTIONAL, CORRUPT, STEALING OUR WEALTH, PRIVATELY HELD…WHEN WILL WE WAKE UP AND END THE MADNESS!!!!
FIGHT THE FED HR1207 HR833 http://www.CampaignforLiberty.com
Judge Andrew Napolitano says Obama’s financial overhaul plan, which gives the Federal Reserve even MORE unconstitutional authority, is madness.
Duration : 0:3:31
A stop-motion animation about Ron Paul in Lego bricks!
Duration : 0:2:27
This compilation video has an incredible segment filmed inside the Philadelphia Federal Reserve’s Money in Motion exhibit. This exhibit is widely visited by impressionable school children and their socialist teachers.From 0:41 to 1;50 If thhis doesn’t convince you than nothing will. Go back to sleep.
http://CampaignforLiberty.com
Duration : 0:8:41
A speech by Murray N. Rothbard. Presented at the Mises Institute’s 1984 “Seminar on Money and Government,” in Houston, Texas.
Duration : 1:6:19
http://RestoreTheRepublic.com | On March 5th 2009 the local PBS station, KBDI, in Denver Colorado broadcast the groundbreaking expose, America: Freedom To Fascism to raise funds for the station. They invited Gary Franchi to come and talk about the points of the film during breaks.
To support KBDI please consider making a pledge so they can continue broadcasting the message to truth to the American people.
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Duration : 0:10:19
U.S. Senator Jim Bunning delivers his statement at the Senate Banking Committee explaining why he will oppose the nomination of Ben Bernanke to serve a second term as Chairman of the Federal Reserve.
Duration : 0:13:22
March 1 (Bloomberg) — James Caron, head of U.S. interest-rate strategy at Morgan Stanley, talks with Bloomberg’s Carol Massar and Matt Miller about the resignation of Federal Reserve Vice Chairman Donald Kohn.
Caron also talks about the outlook for the U.S. Treasury market. (Source: Bloomberg)
Duration : 0:4:5