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Deja vu - Bear Stearns Mirrors JP Morgan Manipulation 1907
aei.org — "In October 1907, J. P. Morgan stemmed a financial panic by coercing other banks to join him in providing credit to Wall Street brokerage firms teetering on the edge of bankruptcy. ... The rising pressure on the Fed to monetize (that is, to move to outright printing of money) has been telegraphed by the rush of households..."
VikingoTJ- 77 diggs
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- VikingoTJ, on 03/27/2008, -1/+21100 years ago, JP Morgan took part in manipulating the markets to eventually convince people of the need for a Federal Reserve. Today, JP Morgan Chase has done the same thing regarding Bear Stearns, and guess what? The Federal Reserve is putting up most of the capital for the buyout, at the expense of the American public.
Some things haven't changed. - CurtisLow101, on 03/28/2008, -0/+3I heard McCain say "I have friends that know what's going on in the economy"
- UKLooney, on 03/28/2008, -1/+4Your (and my) country has been dumbed down, taught to bury their heads in the sand and bribed with the illusion of money. The majority will forever be sheep, so you'd better make use of your second amendment before it is too late for your country.
- wynja, on 03/28/2008, -1/+3The rabbit hole goes deeper than that. The federal reserve is intertwined with the European Central Banks, who are the actual creditors of last resort. It also turns out that JP Morgan didn't own but 25% of his company when he died. It was owned by guess who the European Banking Giants.
You have been lied to all your life. The Revolutionary War was fought over control of our money supply. The founding fathers wanted the European Central Banks out of our business. Many people bleed to make this a reality. Now, the European Central Bank issues all monetary power out to the Federal Reserve and the World Bank. George Washington and Thomas Jefferson must be spinning in their graves.
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