Posts tagged: Federal Reserve

Let the Government Print it’s own MONEY

By Cheryl, October 10, 2010 10:02 am

It doesn’t matter what backs the currency — what matters is WHO controls the supply

Under the current system –the government has to borrow money into existence and then pay interest on it

Get Rid of the DEBT MONEY system — HERE’S HOW…

“The issue of a currency is a function of the government, a sovereign right which ought NOT to be delegated to corporations.”

1902- Dr. Davis Rich Dewey, Professor of Economics and Statistics, Massachusetts Institute of Technology
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Quantitative Easing Explained

By Cheryl, September 23, 2010 9:29 am

Cute cartoon characters explain the financial meltdown in about 6-mins — highlights include:  how the Fed is a front for “the Goldman Sachs”

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Dr. Bernanke we seem to have a minor problem, sir. You forgot to put anyone in charge of accounting for the $9 Trillion Dollars entrusted to us and now we don’t know where it went!

By Cheryl, September 11, 2010 9:45 am

In this video clip, INSPECTOR GENERAL OF THE FEDERAL RESERVE – ELIZABETH COLEMAN says she knows nothing about nine trillion dollars ($9,000,000,000,000) that is claimed to be unaccounted for. That’s $63,000 for each taxpayer. It’s also three times the amount of the entire annual federal budget of the United States missing in action! These numbers are simply staggering, yet they are getting amazingly little media coverage.

I think the the cashiers at Walmart are held to a higher level of accountability for their till contents than the Fed is for its own balance sheet.

There are many other problems with the Federal Reserve, which by the way, is not really federal nor a true reserve. Members of the Fed’s board of governors are appointed by the president, yet during their 14-year terms the U.S. president and Congress have no power over them. Even more revealing is the fact that the Fed is actually owned by the largest banks in the U.S.

“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”

Call congress and voice your support for HR 1207 to AUDIT THE FEDERAL RESERVE

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

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The Best Way to Rob a Bank Is . . . Own One!

By Cheryl, July 19, 2010 8:27 am
This is the title of a book Bill Black wrote about the Savings & Loan Debacle back in the 1980-to-90’s
There are many insights in this conversation between Bill and Bill.  And even though it was taped in 2009, it is amazing how little action has been taken by the administration to remedy the financial crisis.

“We’re failing to learn from our mistakes” — says Black, and nails it when he says this meltdown is as much a moral crisis as a financial one – demonstrating a systemic lack of integrity.

“The financial meltdown was driven by fraud at the highest levels.”

“We should learn how to better deal with fraud, instead we’re covering it up to “create confidence.”  The cover-up is so successful- we don’t have the facts. We need to know the facts to make intelligent decisions.”

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