Don’t let the title fool you…. this is a very pro-Ron Paul video.
The only man in DC who warned about the housing bubble years before it went pop. Ron Paul warned about the looming recession, years before it came to light. In the 70s, he warned us about the dollar losing its value, and inflation.
He has been an avid fighter against the military industrial complex, nation building, the welfare state, wants to end crony capitalism, abolish the Patriot Act, and audit and eventually end the Fed. Ron Paul has never raised taxes and wants to abolish the I.R.S. Best of all, he’s not bought out by special interest/lobbyist.
Ron Paul is a man of his word as he has showed and proven it for the last 30yrs. Most importantly, above everything stated up top, RON PAUL IS A MAN OF THE CONSTITUTION!
This is done with some marginal language, but it is clearly an attempt to reach the average novice with concepts that are rarely clear to the masses… This video has been removed from many different locations on You Tube and other websites, but if you see it, you’ll know why…. The “powers-that-be” surely don’t want the word getting out to any more receptive audiences!!!!
NEW YORK — The Federal Reserve on Wednesday reluctantly opened the books on its monumental campaign to save the financial system in the midst of the recent crisis, revealing how it distributed some $3.3 trillion in relief.
The data revealed that the Fed’s aid was scattered much more widely than previously understood. Two European megabanks — Deutsche Bank and Credit Suisse — were the largest beneficiaries of the Fed’s purchase of mortgage-backed securities. The Fed’s dollars also flowed to major American companies that are not financial players, including McDonald’s and Harley-Davidson, through unsecured short-term loans.
The measure, initiated in Jan. 2009 to stimulate the flow of credit and keep household borrowing costs low, led the nation’s central bank to purchase more than $1.1 trillion in mortgages packaged into the form of securities. The mortgage bonds are backed by Fannie Mae and Freddie Mac, the twin mortgage giants now owned by taxpayers.
Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.
The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling Read the rest of this entry »
Jay Stang, founding member of Oathkeepers and leader of the Houston chapter of WeWontFly.com, gave a magnificent speech at the Houston 2010 End the Fed rally.
Quantitative Easing, also known as QE2, involves the Federal Reserve printing 600 billion dollars by buying Treasury bonds from Goldman Sachs can be a little tough to understand for the layman. This brilliant cartoon does a great job explaining it for the rest of us. Viewer discretion advised: There is a little foul language.
”While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system we have nationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.”–Horace Greeley, printer, American newspaper publisher and a founder of the Liberal Republican Party
“This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson] signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.”– Charles A. Lindbergh, Sr. , 1913
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, after signing the Federal Reserve into existence on December 23, 1913
“Some people think the Federal Reserve Banks are the United States government’s institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers” — Congressional Record 12595-12603 — Louis T. McFadden, Chairman of the Committee on Banking and Currency, June 10, 1932
Concerned about inflation and the ever-mounting national debt?
Did you know our dollars only come into existence through loans – and that if all debts were paid there would be no dollars under the current monetary system?
Did you know the Federal Reserve is a board of corporate banks that create un-backed paper and electronic funds and loan them back to the government at interest, creating more debt?
NEW YORK — The Federal Reserve on Wednesday reluctantly opened the books on its monumental campaign to save the financial system in the midst of the recent crisis, revealing how it distributed some $3.3 trillion in relief.