Posts Tagged ‘economy’
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) — 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
I just wanted to give my thoughts on being wise with your money during economically uncertain times.
Please watch these series for a further understanding of the Federal reserve system and how it was originally designed to fail while at the same time taking away the wealth of the population.
http://www.youtube.com/watch?v=BPU8w7Bxc0A
Corrupt Federal Reserve – Robbing Americans since 1913
http://www.youtube.com/watch?v=cy-fD78zyvI&feature=related
Corrupt Banking System – Cartels Robbing the Public
Duration : 0:10:19
Peter Schiff on Fast Money CNBC 2-19-10 1 of 2
Greenspan says the Fed is above the law.
He says it at 7:40
Google: America Freedom To Fascism
Duration : 0:9:19
Part 2 http://www.youtube.com/watch?v=WjGy9gjcoIo
The federal reserve caused the 700 billion dollar bailout. Share this video with everyone you know. The Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference The Federal Reserve was created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S. treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar with inflation. If our country wants a sound and transparent monetary system, we need to abolish the Federal Reserve
Duration : 0:2:0
Feb. 26 (Bloomberg) — Paul Mortimer-Lee, global head of market economics at BNP Paribas SA, talks about the U.K. economy, which emerged from recession at a faster pace than previously estimated in the fourth quarter.
Gross domestic product rose 0.3 percent from the third quarter, compared with a previous calculation of 0.1 percent growth, the Office for National Statistics said today. Speaking with Bloomberg’s Andrea Catherwood in London, Mortimer-Lee also discusses the U.K.’s fiscal situation and European Central Bank policy.
Duration : 0:5:6
The USA dollar is going to collapse. This video is intented for the Canadian audience
Duration : 0:11:39
[CFR Made Simple]:Corrupt Federal Reserve System – Root Of Economic Ills?
“The Good,The Bad and The Ugly?”
This one minute video quotes Ben Bernanke when he stated that the federal reserve was responsible for the Great Depression, and then video attempts to graphically explain how the Fed creates economic hardship and how high inflation and dollar crisis might be upon us.
Anyone wanting to append this brief inflation/economics tutorial can download and incorporate this video into their productions by downloading the movie from here:
http://www.geocities.com/spencerhayek…
Everyone should understand the simple relationship between money supply and prices and how our central banking system is the root of most of our economic problems.
The Simple Truth is the FED creates money out of thin air using computers. Then this money is traded for real wealth from the private sector. Leaving the private sector with less wealth and more money, changing the ratio of money to wealth, which reflects itself in higher prices. The wealth that is stolen from private sector via this trade goes to implement our politicians well intentioned yet disastrous ideologies, welfare, stupid wars, countless unneeded departments….
Just because the entire economics establishment believes in FED does not mean they are right.Same applies to USA’s mainstream economics establishment and press.
Duration : 0:1:0
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