Why the Fed Was Created, Revealed by Government Document!
Bernanke’s Obfuscation Continues:
The Fed’s $29 Trillion Bail-Out Of Wall Street
audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression
Fed’s Once-Secret Data Compiled by Bloomberg Released to Public
the value of the derivatives on the books at J.P Morgan is $70 trillion.
Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High
Click to access GAO%20Fed%20Investigation.pdf
Download spreadsheets: http://www.businessweek.com/bloomberg/bloomberg-public-release-of-fed-data.zip
Click to access wallstreetreform-cpa.pdf
mortgage-backed securities purchases and so-called foreign-currency liquidity swaps
FED memo: http://www.federalreserve.gov/generalinfo/foia/emergency-lending-financial-crisis-20111206.pdf
Reblogged this on Giftoftruth United and commented:
An ever growing need for more money or should I say currency. War being the most profitable way to get more “money” and why not? Since the IMF and World Bank have central banks in those countries at war with they would then fund both sides of the war and make huge profits. The US army has become the private army of the banksters! Most of the countries the US are at war with don’t have a central bank. Could it be that the banksters wants to overthrow the current regime because they are hardened against a fed based central bank because the banksters could not corrupt the leaders to accept their central bank who will have the sole power to print their money and perpetuate their wage slavery. We see this happen time after time, first the banksters will try to corrupt the leadership of such a country, if that does not work they send in the jackal to assassinate the resistant leaders, if that can not be done the banksters will create and fund a rebel movement to fight the current regime and then trough their media houses (of which they own most) will launch a propaganda campaign to the whole world and report that the rebels (now called Terrorists) are fighting with their government and this behavior could lead to violence on US home grounds may spread to the US. And that the US must step in (guns blazing) to free the people from the terrorists who may want to attack the US and restore democracy (mob rule!). Then they destroy the countries infrastructure in the name of democracy and peace. Once that is done US corporations gets the contracts to rebuild the infrastructure and keep the new democracy liable for the loan to rebuild the infrastructure in the form of capital plus interest on the money the new democratic government loan for the rebuilding which is paid to the US corporations who rebuild the infrastructure and take that money back to the US while the people of the country suffer through taxation!
Reblogged this on Spartan of Truth.