Monday, August 22, 2011

And if you're not pissed off enough already. . .

Wall Street Aristocracy Got $1.2T in Loans


Anonymous said...

All you got to do is make it worth their while and you can do anything and nobody will be able to stop you.

Anonymous said...

Do you see how this scam works?

Bernanke engineers a 350% increase in the Adjusted Monetary Base.

He loans out this newly created money to insolvent banks who then buy US Treasuries. The Treasury pays interest on the bonds using freshly printed money they got from the Federal Reserve through the sale of bonds.

In essence, the Treasury has swapped an I.O.U to the Fed in exchange for an I.O.U. from the Treasury. ;^)

The Fed earns interest on the money loaned to the banks ($13 billion in interest and fees) which is provided as evidence of the Fed's shrewd dealings!?

If you can see through this shell game, you probably also realize this financial hocus pocus is going to bring ruin. Anyone holding government bonds would be wise to cash out and buy precious metals now before the gold rush begins in earnest.


Anonymous said...

The bailout wasn't't about bailing out the companies ( who had to pay back plus interest)
Like the AIG fiasco, it was about bailing out the Democrat political done class.
Bailout recipients were 90% or better political donations to Dems.
Lehman was only about 80% so they were allowed to sink.