The federal reserve shareholders (look up your history:Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, Aug 1976) made 200 billion for their own pocket in 2007.Fed shareholders own wallstreet which owns CNN ABC etc and you think you understand? Everything in the news is different when you understand this as well as fractional bankingTypical Cenral Bank scenario as first established by Bank of England circa 1600 and used as the model formost central banks since.Private bankers and the gov’t form a private corporation (name makes it sound like the government ie Bank of England) with the gov’t receiving 20% of shares and the right to appoint the board (so what, money will influence it), Private bankers receive 80% shares. Central bank given a monopoly on the printing of ALL currency. All done to stabilize banking and credit for the good of the people.Government provides initial reserve eg. 20 million in goldCenral Bank allowed to print 10X reserve in currency (Fractional Reserve Banking)that they then lend out to the regional and small banks or the gov’t at interest. ie THEY CAN LEND OUT 200 million and collect the interest on it (all for their own pocket) without having had any money!! It gets betterEverytime the Gov’t needs money ( say the next years 50 million dollar deficit) they then borrow from the Central Bank using Gov’t Bonds as security which, because it is a Gov’t bond the Central Bank can then can use it as “gold” security and in this case lend out another 500 million at interest ie10XSo at this point the bankers are collecting interest on 700 million that they didn’t even have. Currently the US owes the reserve and others a total of 13 trillion dollars, who had 13 trillion to loan? They didn’t, they just kept printing it and making more and more money. The US owes billions to people who didn’t even actually have it to lend. Estimated profit to the US Federal Reserve shareholders in 2007 was over 200 Billion
Closed AccountSep 26, 2008
Sarcasm on the internet is camouflaged by abundant idiocy of the legitimate sort.
Closed AccountSep 26, 2008
"Reality" is far to complex to describe objectively. All awareness passes through filters.
billdbergSep 27, 2008
The federal reserve shareholders (look up your history:Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, Aug 1976) made 200 billion for their own pocket in 2007.Fed shareholders own wallstreet which owns CNN ABC etc and you think you understand? Everything in the news is different when you understand this as well as fractional bankingTypical Cenral Bank scenario as first established by Bank of England circa 1600 and used as the model formost central banks since.Private bankers and the gov’t form a private corporation (name makes it sound like the government ie Bank of England) with the gov’t receiving 20% of shares and the right to appoint the board (so what, money will influence it), Private bankers receive 80% shares. Central bank given a monopoly on the printing of ALL currency. All done to stabilize banking and credit for the good of the people.Government provides initial reserve eg. 20 million in goldCenral Bank allowed to print 10X reserve in currency (Fractional Reserve Banking)that they then lend out to the regional and small banks or the gov’t at interest. ie THEY CAN LEND OUT 200 million and collect the interest on it (all for their own pocket) without having had any money!! It gets betterEverytime the Gov’t needs money ( say the next years 50 million dollar deficit) they then borrow from the Central Bank using Gov’t Bonds as security which, because it is a Gov’t bond the Central Bank can then can use it as “gold” security and in this case lend out another 500 million at interest ie10XSo at this point the bankers are collecting interest on 700 million that they didn’t even have. Currently the US owes the reserve and others a total of 13 trillion dollars, who had 13 trillion to loan? They didn’t, they just kept printing it and making more and more money. The US owes billions to people who didn’t even actually have it to lend. Estimated profit to the US Federal Reserve shareholders in 2007 was over 200 Billion
novenatorSep 28, 2008
POW RIGHT IN THE KISSER
cynicalcheetoOct 14, 2008
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