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MAD AS HELL!!! WHERE IS THE OUTRAGE!!! We Just Got Bent Over And ROBBED OF ANOTHER 7.7 to give to Europe to BAIL THEM OUT!!! This Could Be It.
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Basically they just robbed us all of 7.7 trillion and announced it today! It was admitted that after QE1 the actual amount that was robbed was 10 times the amount they admitted to initially so who knows if its 7.7 trillion or 70 trillion.
This money does not exist. This money is just the Fed Reserve creating a 1 with a whole bunch of 0s behind it on a computer and depositing it in an account and transferred out to the bankers in Europe. Amazing.
They won't have to take your money to rob you. They will simply rob you through hyperinflation, creating money out of nothing.
Another cool scam is this. Why not start a bank and give out loans at 4%. Then you just get your loans from bigger banks at say 3%. Who cares if you can't pay the big bank because you gave a loan to a maid that claimed to make $250k a year and walked out on her loan.
THE BANKS DON"T CARE WHO THEY LOANED MONEY TO. The Fed simply creates the money out of thin are and buys the loan from you. You get your money.
This is how tons of money has already been made by corrupt bankers. They knew it all along.
WHY IS NO ONE IN JAIL YET!!!?!?!?!?
This should be front page news.
Here is a comment from a forbes article that was actually much better than the article itself. I think the following is spot on...
We need to be clear about what is being discussed here. Jargon makes the big picture unclear even to purported experts, who deal with the system as a whole, but rarely question its foundations.
What is happening is that some banks made loans to somebody who is having trouble paying them back. They made these loans knowing full well that if they defaulted they had a very good chance of getting paid back by either a government via taxpayer money, or by a central bank, via inflationary fiat money.
It is quite literally the case that the Federal Reserve can “transfer” any amount of money to virtually anyone it wants any time it wants. Someone, somewhere, sitting at a computer, can simply type out a virtual check and transfer it. The money is very literally created out of thin air, but accepted due to the dynamics of the system.
When the Fed was first created, it was under the control of the Treasury Secretary. That was ended under FDR, as a tool to fight the deflation it was causing.
When it was first created, it could only buy US Treasury Securities. That was ended in 1979, as a tool to fight inflation it was causing.
The Discount Window used to be exclusively for overnight and seasonal loans. That was ended in 2008 following the financial crisis that happened then, as a tool to prevent financial collapse. We have now learned that it was and presumably still is using the Window to make “loans” to foreign banks for months and even years.
The Fed regularly prints money for the IMF, which like the Fed itself reports to no sovereign government, and answers to no regulatory oversight.
All of these things are anti-democratic, and in my view intrinsically unjust, since they favor not effort or talent but position. Many fortunes have unquestionably been made by the abuse of this system, and all without creating ANY tangible thing or service of value to anyone.
This system needs to be ended. I have written a treatise on it, here addressed to the clowns in the Occupy Main Street movement: [link to www.goodnessmovement.com]
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