The Biggest Bank Robbery In History? More Quantitative Easing = Backdoor Bailouts | 31Mai2011 13:14:03
The U.S. Federal Reserve is getting ready (Oct 2010) to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term “bailout” and the American people are going to get a lot less upset about it. You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks. So this time, the financial “powers that be” have figured out a way around that.
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The Federal Reserve Can Not Account For $9 Trillion In Off-Balance Sheet Transactions | 13Jul2010 17:34:20
This video is a must watch for anyone who wants to understand just how "effective" the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed's expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed's $2 trillion portfolio really are.
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