Outrage for the Sake of Sanity

Thanks Larry Kudlow for reading this blog. You gave your recent guests more or less equal time without yelling over the guest who didnt see your side. You loosely referenced The A Student post here. This during your after hours episode, you talked about the $165 million AIG bonus money. What about the $3.6 billion in bonuses to Merrill Lynch executives paid by Bank of America?

Perhaps what is not being referenced from my rants on this blog are a few things which were barely touched on during your episode. Your guest talked about our U.S. Lawmakers not knowing the Constitution of the United States. You said that it was not the Republican's fault that this bonus money got paid, but Geithner's fault. Your guest or you mentioned that Geithner loosely indicated that he may have known about the possible bonus payout back in autumn 2008, because the Fed talks to the Treasury Secretary. You mentioned Geithner comes from the New York Fed.

Our issue here is the Fed who would probably prefer to deal us into a one world currency.

We and many many others say that the Federal Reserve who, we the people are given no right to audit, has more power than any President, or King. It designs financial projects for its business that takes away the money of the people, making most poorer, while making itself very rich. It does this with no oversight yet it gets the support of the President to do what it wants to do.

It is now no surprise that after President Woodrow Wilson signed the Fed into existence while much of his government was off for the holidays, he said "I have unwittingly ruined my country".
It comes as no surprise that any President who tried to put a stop to a reserve banking system through our history has been assassinated. Something considered in the highest of conspiracy theories in order to remain out of the public eye.

It is no surprise that between the Fed, its banking friends, and Wall Street, that these people earn more money than even the most studied Neurosurgeon. To get an image of this; the top Neurosurgeons make just under $3 million dollars a year. In stark contrast, the top Hedge Fund Managers earned an average $877 million!

It is no surprise that the Fed and friends paid the rating agencies to rate worthless paper (sub-prime mortgages packaged up as an equity) as AAA so that they would be fraudulently attractive to any investor that didn't know what was going on.

It is no surprise that Alan Greenspan considered the leading authority on American domestic economic and monetary policy, said that he didn't see the housing problem growing. It was laughably no surprise, that he proclaimed he does not understand Credit Default Swaps. Credit default swaps were created as an insurance to bad mortgage loans. The same loans that the Fed (including Ben Bernanke) allowed to be made, to people without proof of income through predatory practices by mortgage lenders! Not all sub-prime issues are to be partially blamed on the home-owner you see. Do you see what has been engineered here? Bad loans had been allowed, in order to pump up the market for mortgage-backed securities. Credit default swaps are then invested in, against those same bad loans. That's money twice made on the same group of mortgage loan transactions.

Then to push the knife into our backs even deeper, when these same financial institutions start faultering due to their crimes against the people, the Fed and the Treasury with the backing of the President, gives our hard earned taxpayer money to those same financial institutions! Thats money made 3X for the same business!! The result? Record high unemployment, financial markets lock up, businesses close, homes go into foreclosure, and we have the worst situation since the great depression.

It is no surprise that when the financials which are not directly tied to the Fed and friends got into trouble, the Fed and friends swooped in and took all their assets (Washington Mutual). It is no surprise that if they were part of the Fed and friends, they get $$ billions in taxpayer money. It is no surprise that even when someone is foreclosed upon, the property gets sold yet again and the financials continue to reap the profits of this business cycle.

It is no surprise that Alan Greenspan worked so hard to tear down regulatory oversight!! This allowed Wall Street and the Fed to work together to transfer so much wealth away from the average American and even from investors in other countries, so that we have the mess you have been witnessing and hearing in the news. What regulation we do have, is largely ineffective thanks to Alan Greenspan. It is no surprise they have called him the Maestro!!

The former Treasurer Secretary (Paulson) came from Wall Street's Goldman Sachs, the current one (Geithner) comes from the New York Federal Reserve. The head of the President's economic board, is the former chairman of the Federal Reserve Board (Paul Volcker). Other members of the economic board: former mid-west chairman of JP Morgan Chase (Wm. Daley), former SEC chair (Wm. Donaldson), former Citigroup chairman (Robert Rubin), former CEO fo TIAA-Creff and vice chair of the Board of Governors of the Federal Reserve (Roger Ferguson). Its the ultimate boys club!! And note that little if any negative effects of this calamity has affected the reserve banks. why would it? They've created this event for themselves.

Do any of you get it yet? Giving our money to the same institutions that screwed us seems terribly irresponsible. So does appointing that same boys club to handle this whole mess. Its like letting the criminals run the country's law enforcement agencies!

The media barely if not at all, mentions this. What would happen if it did? Massive public protests like in Europe and the rest of the world? The United States' citizen must be the most sedate people on earth, OR just the dumbest ones since the cave man. 

We celebrate the jailing of Bernie Madoff (enemy of the Jewish people) for a $50+ billion Wall Street scandal but we sit quietly by as the Fed, its banking friends, and Wall Street allows its greed to go largely unchecked and unpunished even after this led to the birth to the global financial crisis of 2008-2009. We stood by, after a former US President lied to us and sent men and women to their deaths in a war he created. All at a price-tag currently exceeding some $10 trillion dollars! Compared to the Bernie Madoff ponzie scheme scandal, that is roughly $9,950 billion dollars larger! 

So we say again: The United States' citizen must be the most sedate people on earth, OR just the dumbest ones since the cave man. Or maybe the largely controlled mass media engine has the blinders on full and "we the people" are being cleverly deceived. This perhaps the most acclaimed marketing strategy ever, yet to be written into the history books. Just not the history books the public will ever see. Much of what we write here in this regard is greatly over-simplified for the benefit of the reader.



It is no surprise that Fractional Reserve Banking has led to an explosion of credit. The same credit that has been pushed HARD to every living person in order to entrap them for life. The Japanese society was doing just fine until it too allowed the mass use of credit into its economy. Thanks to credit, Japan was slung into what they call The Lost Decade. That was ten years in recession. As they recently began to come out of recession, our mess over here sent them right back into it again!

People have rushed to put the full blame on the new President, Barrack Obama. While doing nothing won't work, he has taken an unpopular political stance of pushing more money out to try and stop the housing problem and spur new growth in business to get jobs restarted. He went live on national TV, taking the responsibility for the problems of the administrations before him and the responsibility to try and fix it now. As studied as this President is, and as good intentioned, he may have a far bigger mess than he ever dreamed.

The Fed is doing few people a favor when Bernanke say's he'll get banks going again with even more capital infusion ($1.2 trillion) and buying up bad balance sheets. Any money the Fed puts into this is debt borne by the American people. Thats guaranteed income to the Fed for printed money that they own (Federal Reserve Notes). What do they care how much they use and then act like the hero? Again, every US dollar printed, is a loan to the U.S. Government who gaurantees payment through its taxpayers.

Watch this last video if you are still on the fence in your understanding of how the Fed comes into play. Just remember, the Fed is not the government. The Fed and like reserve banking around the world, are just playing parasites with their hosts being you, me, an the entire population.