G. Edward Griffin, author of "The Creature From Jekyll Island," discusses the Federal Reserve, the one-party political system, and how the Fed is used to skim wealth from the producers. http://www.youtube.com/watch?v=-X5ISQJEpV0&feature=player_embedded
Reuters: (Reuters) - The U.S. government-run mortgage finance firms Fannie Mae and Freddie Mac could play a bigger role in turning around the battered U.S. housing market, the Federal Reserve told Congress, a call that looks set to run into stiff political opposition. The Fed, in a paper sent to lawmakers on Wednesday, outlined an [...]
I have long maintained that the central bank is an instrument of private mega-banking policy, and that that policy is quite simple: attach to an economy and suck the life out of it like a vampire. This makes the central bank similar to Renfield in Bram Stoker's gothic novel Dracula. Any central bank must be [...]
An Examination of Available Data, Part 2: How Did TARP Get Repaid, and Where Did All Those Bonuses Come From?
In our previous post we began a report on how the Fed is using its balance sheet to protect TBTF banks and their investors. Now let's dig a little deeper into data recently pried out of the Fed by CONgress, under pressure from...us. Here's another must-read piece, at EconomicPolicyJournal.com, which tracks the bailout of Goldman [...]
What a difference a little disclosure makes. For the remainder of this article, remember this timeline: Bear Stearns crisis, March, 2008. Lehman Brothers bankruptcy, September 15, 2008. TARP, October 3, 2008. AIG Financial Products taken over by Fed and given $85 Billion loan: September 16, 2008. Wikileaks brings us this information via U.K. Guardian from [...]