Posts Tagged ‘bill’
March 15 (Bloomberg) — Dean Baker, co-director of the Washington-based Center for Economic and Policy Research, talks with Bloomberg’s Carol Massar about Senate Banking Committee Chairman Christopher Dodd’s plan to overhaul financial rules and the role of the Federal Reserve Bank of New York president.
The Fed Bank of New York president, who supervises five of the seven largest U.S. banks, would be subject to White House appointment and lawmakers approval under the proposed legislation. (Source: Bloomberg)
Duration : 0:5:10
Over the past 4 years, the Canadian people have paid $137.4 billion in interest on money borrowed from private banks whereas the Bank of Canada could legally print the public’s money into existence rather than borrowing it at interest. “They’ve paid out this huge sum because our government has failed to abide by the law.” Abram, a retired high school teacher and activist on Vancouver Island, B.C., explicates the trick of fractional reserve banking (part 1 of a series; snowshoefilms yoryevrah
Duration : 0:10:37
Bill Murphy of GATA.org and LeMetropoleCafe.com discusses the economy and the gold and silver markets with Mike Maloney of GoldSilver.com
Duration : 0:10:59
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
March 1 (Bloomberg) — Bill Gross, who runs the world’s
biggest mutual fund at Pacific Investment Management Co., talks with Bloomberg’s Margaret Brennan about the outlook for sovereign debt and Federal Reserve monetary policy. Gross also discusses Fed’s balance sheet and exit strategy, and the prospects for inflation. (Source: Bloomberg)
Duration : 0:8:33
Jordan States the truth, What we are to the Government – Slaves, For a corrupt banking system, OUR CEO HAS SOLD US OUT as did the last 30 years of them, You really think the new “Team” Obama and McCain are any better? What a joke..
Wake up world we are in End times.. .Look to people like Jordan Maxwell and William Cooper (RIP) for answers.
Duration : 0:1:45
This is from South Park Comedy Central. You invest your hard earned $100 dollar bill, or your retirement money, and then poof, it’s gone, isn’t that nice. I believe that some people need to go to jail.
jbran
Duration : 0:0:46
Program Trading, flash trading and Goldman Sachs…… how does it all work?
Duration : 0:5:10