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FISCAL BLISS* = * Ignorance is Bliss

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Olde Reb

proliberty@fairpoint.net

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What difference does an increase in the National Debt make? We owe it to ourselves.” Nancy Pelosi has declared. Such a paraphrased statement, reflecting on the exoskeleton structure of the Federal Reserve, ignores the inner historic mechanisms of Rothschild banking, the intense subterfuge and arm-twisting of the Fed’s creation, and the proven destructive forces inherent but hidden therein. 1 More

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FEDERAL RESERVE HIDES PROFITS FROM INFLATION

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 “Olde Reb”/ PPJ contributor

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Last year $8.4 trillion was handled by the FRBNY from the auctions.. There is NO information available as to how it was dispersed.”

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The headlines screamed that we needed to increase the National Debt to prevent an economic collapse.  Wait a minute. Is that the whole story?

Much is said of how the increase of the National Debt ceiling is inflationary, and it surely is. But the gain by the United States government is only temporary.  The real profit goes to the Federal Reserve and Wall Street but that profit is hidden from Congress and the public.

There are two conceivable ways the National Debt can be financed.  The manner projected in the mass media and by government is that the government borrows from the public. If this was the entirety of borrowing, there would be no inflation. The Fed could handle the transactions as a broker and receive commissions.  The money transfer is the same as the payment of taxes but the government would promise to pay interest on the funds. Inflation by this method of financing is not possible. More

QE2 — THE FRAUD IN YOUR FUTURE

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“Olde Reb”  (c)copyright 2011 All Rights Reserved

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Pundits are reacting with aghast at Bernanke’s QE2. The purpose of QE2 is not for the benefit of society; it is a desperate attempt at self-preservation by the Federal Reserve. It will not salvage the Ponzi scheme.

If the market is left alone, the value of mortgages held by the banks will continue to fall. When the toxic mortgages eventually have to be written to value, the assets of the banks will rapidly de-leverage—and the banks are obviously bankrupt. When the banks fail, the riots start and Congress–to make a show for the public–will have to point fingers at someone (other than themselves) and that will be at the Fed. If the man behind the curtain is exposed to scrutiny or an audit, all hell will break loose. The Fed will be like BCCI on steroids. More

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