fedhed

Backroom Bear Stearns Deal Exposed

People. The fed is owned by private banks.

Congress shirked their duty to control issuance of our money when President Wilson signed their Federal Reserve Act bill. That bill was created by Paul Warburg (came all the way over from Germany just to help out), and NY Bankers (MellonMorganChase, et al...), and the Fed from day one was unaccountable to joe US citizen. They spread regional fed-banks around the country to make people feel safe. They really pulled off the mother of all hijinks when it was deemed the President would have the "responsibility" of naming the Fed Chairman. The President is told though, don't you know, which wizard to hire when. It all seems legit, especially when so much is made about how the Fed operates independently of the White House. So the Fox (independent contractor status Fed) guards the chickens. The Chickens in this case are greenbacks, and yes the Fed (not Congress), gets to keep them penned in (deflationary-Paul Volcker style) or let them out (inflationary- Greenspernanke style). Greenspan sowed the seeds of inflation, Bernanke is watering and fertilizing them, and when the last value is wrenched from the pawns (investors in BS), and holders of world-wide of Treasuries (mostly China, but amazingly the arabs too, again) finally capitulate and sell, the next Fed chairman will grind what's left of the US economy into a cheap burger and sell it for amazingly high rates of interest to any returns-starved fool with any money.

Most in Congress would be shocked to know they could change the situation by holding the Fed accountable. But the few who do know were "grilling" Bernanke on 4-15/16 and then capitulating because the bailout of BS was sooooo needed to avoid worlwide economic doom. Those few congress people are merely world banker aides, getting to sit in on a "transparent" pow-wow with Big Ben and the Big Banks, all for our financial security. Don't ever forget though that money, creating too much or too little, is a terrible weapon. It makes people look like heroes (even turkeys can fly in a tornado), and goats (your local banker about to lose his job because some of his best clients can't pay their mortgage). These winners and losers are small potatoes though- the guys on TV with Big Ben play at another level. But they are pawns too. It's the families that own subsantial shares of the major banks, and therefore own major shares of the Fed, that do battle at the global level.

What you are witnessing is a global money war.

Roosevelt made owning gold illegal then future monetary policy decimated the value of the dollars he paid the honest people who turned it over. Anyone in the world owing US treasurys then got "paid back" with "worth-less" dollars.

Nixon stuck it to Arab nations when he took us off the gold standard in 1971. They owned Treasurys and saw the dollar's subsequent crash wipe out much of what we "paid back". This hurt them dearly. Then they hurt us dearly; we paid back at the pump, with Iran hostages then, and beligerent Iran now. Sure, oil is key and so is protecting Israel (and Israel's keepers in the US)

China is trying to fight back for us decimating the value of their US notes, by owning Gold (and pushing it higher). All well and good but we'll still win because gold won't feed their newly emerging middle class, which will make a mess of things in another 12-18 months when we've cut our purchases of cheap goodies by 30-50%. The uprising we see in Tibet will pale in comparison. The inflation rate in China is ratcheting up wildly, and is just getting started.

And don't belive that our inlation is a modest 4-5%. We stopped reporting M3 so the average joe wouldn't know our real inflation rate has been more like 8-10% over the last few years. Which is another reason Gold is up. Looks like everyone's a sucker. Except the EU central bank. They're on inflation-watch and will win this global battle in the war. Yep, you'll hear less about NY and more about the UK regarding being the world's financial clearinghouse.
Remember Paul Warburg? Well, he came to the US because the European system was in shambles and this country "prospered" most of the years since 1913.
People forget that the prosperity came between events of WW1, 1930's, WW2, Korea, Vietnam, Iran, Iraq, Iran (not much between the last 2). Whose wars were we fighting? And fighting still? Answer that and you'll know who tells the President which person to pick as the new FedHed.

So now the IMF says the only way to escape a world money crisis is for governments around the globe to pony up their citizen's tax dollars to bail out the banking system. That's right. This is the same IMF that got Mexico, Japan, Argentina and countless other fool countries to behave stupidly against their own citizen's best interests by adopting IMF protocol that wreaked havoc with their currency and economies.

So they're in on it, along with the World Bank. If you could dig deep enough into the ownership of these institutions you'd find the people that will fire Bernanke and install the next inflation hawk. Good luck!

If you don't believe what I've said about the Fed, ask your Senators and Congressmen. When you don't get a clear answer, ask them again. And keep asking, all the while looking for a candidate that will take the Fed to task. And do what you can to vote them in, and the others out. Tell them you want back on the gold standard and you are sick and tired (weary) from working your butt off, and getting raises that get you nowhere. And when people say things like "stop consuming more than you produce", know they are only partly right and their mantra is so loud it drowns any other discussions about the inflationary cycle wiping out more and more good people. Ask them to consider this; if they just yell louder, you'll know they are part of the conspiracy. And don't forget that just because "educated money and political people" poo-poo the idea of a conspiracy, doesn't mean there isn't one.

Think Ron Paul is a Kook? Ross Perot too? I can assure you the media will always help you think that way about anyone who challenges this system. That's why change must come from within Congress. There are a few in Congress who probably see their fault in going along- we need to lend them support with more like them. And we need to keep asking "why is the Fed printing our money?" Money backed by the full faith and credit of the U.S. With no gold to check the value, just paper and more of it.
"Why is the Fed printing our money? Why have we never really controlled our country, even after the American Revolution? Why does democracy in the US mean 2 partys, that just keep people agitated, then hopeful, then agitated again? And why is the Fed printing our money? If I could only get this one of my many questions answered, all the others would start falling into place.