PainfullyAware's  Instablog

Holy Crap: 2009 3RDQTR Freddie Mac 18.9 Billion Dollar Loss and Fannie May 5 Billion dollar Loss and ...

Freddie Mac has taken $51.7 billion since then while Fannie Mae's draw will rise to $60.9 billion.

For Freddie Mac, "the positive net worth without the help from the Treasury is significant, but it is too early to say whether an end to conservatorship is ahead," Rao said.

Starting in 2010, the company will begin accounting for $1.8 trillion in mortgage-backed securities it guarantees on its balance sheet to meet new guidelines. This will increase interest income and interest expenses, and could have a significant negative impact on net worth, it said."

finance.yahoo.com/news/Freddie-Mac-posts-5-billion-rb-3083454207.html

"The GAO also cannot look into the Fed's transactions with foreign governments, foreign central banks and other international financing organizations." - Wall Street Journal August 31, 2009

online.wsj.com/article/SB125175164147973...


If this is no longer a "Function Of Elected Government" then is this not "Foreign Policy Without Representation"?

The "Coining Of Money" is the power over "Supply and Demand".  Is this not the "Power Over Haves And Have-Nots", in that "Money Created At The Whim Of The Few Can Rule The Outcome Of The Many".  Is this power not dangerous for the many if "The Club" gets control.

"Sound Money" Is Tied To A "Relatively Finite Substance" Thus Curtailing "Revaluation at Whim".  This is not to say that "Valuation Is Stagnant”; Just that things can not be "Adjusted By The Few" with ease of fancy.

I do not believe that Congress Can "Assign" these powers away from its body.

Money Is Power.

Without "Representation By Citizen's Election" Excessive Fraud Against The People Will Occur Beyond Reciprocity.

Financial Slavery Through The Use Of " The Magic Money Fountain" (Tools: Fractional Reserve Banking Through Fiat Money and "Purchases With 'Because I Say So' Valuation")

For The Layman:

If I have the "Magic Piggy Bank" and you will pay me MORE THAN I GIVE YOU (even though there was no effort expended to pull from the piggy) , I will always have more than you; No Effort Involved.

Since Others Will Take The "Money Created From Thin Air", Through Causality, they are defrauded too.

As Long As Everybody Remains "Ignorant Of The Initial Creation" All Is Fine => AND I CAN INFLUENCE ANY POLICY I DEME NESSESARY THROUGH MY "Proxies/Advocates"; Who Directly Receive Benefit From "The Magic Money Fountain" I Have “Control Over”.

This Is Why => Congress Is Not Allowed To "Hand Off Responsibility" Of This Function.

I Personally Believe This Should Be Considered Circumvention Of The Spirit Of The Constitution, Amendment Or Not? (Lots Of Remarkable Collusion In How The Amendment Came About)

Without Recourse Of "Vote By The Citizen" There Is No Serving Of The People.  The Will Of The People Can Easily Be Discarded,

Dilution Of Value Is Taxation Without Representation, Since It Is No Longer A Function Of Congress.

I Ask You => How Many "Representatives" Were Involved In The Creation Of The "Acronym Soup" That Has Spent Over 12 TRILLION of the peoples money. (do not be fooled in that the source is a "Central Bank"; The Result Is That The Dollar In Your Pocket Has Been "Divided By A Greater Denominator".)  Money spent in the past or "Robbed From The Future" is still "Money Initially Created". 

Destruction just plays in the "Supply and Demand Dance".

So What Would I Care If Some “Currency” Was Destroyed => Remember - I Have The “Magic Piggy Bank” Of Fiat Money.  It Will Not Lessen My Influence.



However, those who do not have access to this "Luxury" will experience the "Shortage" of less value because of the "Dilution That Has Already Taken Place" (Consider Inflation).   Velocity and Supply Both Only Effecting Those Not In The Loop Of The "Funny Money Swine"..



I do not agree with the fact that "A Body Outside Citizen Representation" can have as great a sway over "Foreign Policy" without "Recourse From The Citizens".  Transactions with foreign governments, foreign central banks and other international financing organizations should only be executed by citizen’s elected representation.

If You Can Create Money Out Of Thin Air You Can “Buy Governments”.