Samson
7th December 2010, 22:26
Why is the wikileak hyped by the Corporate Media?
I think it is to ignore the fact that the FED is caught redhanded stealing 100's of billions of dollars.
This sums it up and is easy to understand but please do read the Senators jaw dropper
The real issue is not the pittance of the bailouts - (a mere $750,000,0*00,000). That's chump change designed to distract and confuse the true nature of the theft going on. Most especially since portions of it are being paid back so it looks like we made a good investment (and so that Wall Street can get back to unencumber*ed big bonus payouts).
No, the true theft was the printing and loaning of about $13 - 15,000,000*,000,000 (trillion) given at ridiculous*ly low interest rates (about 0.01%) and used by the recipients (Goldman Sachs, Morgan Stanley, BofA, Citicorp, G.E., Verizon, McDonalds, Toyota, Duetche Bank, Suisse Bank, etc.) to purchase U.S. Treasury Securities*.
These Securities pay between 3 - 4% interest, backed by the U.S. Government (you and I and every tax payer). The interest is part of the annual budget (deficit spending) needed to operate the nation, we are all paying for this spending, and what is not covered by revenue is added to the national debt. In short - we have given away (to the recipients*) $100's of billions. Not loaned. No bail out! No strings attached! Nothing produced! Nothing worked for! Just good clean free money that you, I, our children and grandchild*ren are going to be paying for.
While bailout (TARP) funds may be paid back - these will not. It's a great scam! Makes Enron and Bernie Madoff out to be pikers unworthy of the title "crook".
http://www.huffingtonpost.com/rep-bernie-sanders/a-real-jaw-dropper-at-the_b_791091.html
Starts like this
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, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.
Senator of the year!
Make it count, understand this information and get your guillotines fixed
I think it is to ignore the fact that the FED is caught redhanded stealing 100's of billions of dollars.
This sums it up and is easy to understand but please do read the Senators jaw dropper
The real issue is not the pittance of the bailouts - (a mere $750,000,0*00,000). That's chump change designed to distract and confuse the true nature of the theft going on. Most especially since portions of it are being paid back so it looks like we made a good investment (and so that Wall Street can get back to unencumber*ed big bonus payouts).
No, the true theft was the printing and loaning of about $13 - 15,000,000*,000,000 (trillion) given at ridiculous*ly low interest rates (about 0.01%) and used by the recipients (Goldman Sachs, Morgan Stanley, BofA, Citicorp, G.E., Verizon, McDonalds, Toyota, Duetche Bank, Suisse Bank, etc.) to purchase U.S. Treasury Securities*.
These Securities pay between 3 - 4% interest, backed by the U.S. Government (you and I and every tax payer). The interest is part of the annual budget (deficit spending) needed to operate the nation, we are all paying for this spending, and what is not covered by revenue is added to the national debt. In short - we have given away (to the recipients*) $100's of billions. Not loaned. No bail out! No strings attached! Nothing produced! Nothing worked for! Just good clean free money that you, I, our children and grandchild*ren are going to be paying for.
While bailout (TARP) funds may be paid back - these will not. It's a great scam! Makes Enron and Bernie Madoff out to be pikers unworthy of the title "crook".
http://www.huffingtonpost.com/rep-bernie-sanders/a-real-jaw-dropper-at-the_b_791091.html
Starts like this
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, as a result of an amendment that I was able to include in the Wall Street reform bill, we have begun to lift the veil of secrecy at the Fed, and the American people now have this information.
Senator of the year!
Make it count, understand this information and get your guillotines fixed