…In the middle of December, 2012, the Fed announced another Quantitative Easing (QE-4). In addition to QE-3 creating new money to transform $40 billion of toxic waste on bank balance sheets into taxpayer liabilities, QE-4 bumps the monthly taxpayer tab up to $85 billion.
A quip amid Weimar Germany hyperinflation went something like this: “If a wheelbarrow full of money were left on the street, thieves would dump the money, and steal the wheelbarrow.”
How much more Quantitative Easing will it take to deliver America’s Weimar Moment?
Since the Federal Reserve Act in 1913, the dollar has lost 95% of its purchasing power.
In the four years since QE-1 (middle of the last “financial crisis”), the dollar’s value in gold has fallen more than 50%.
Early in 2012, the Federal Reserve Open Market Committee announced the Fed’s goal of devaluing the dollar 33% over the next twenty years.
With dollar creation running wide open, and QE-3/QE-4 pouring $85 billion each month to scrub toxic waste from banks’ balance sheets, America’s Weimar Moment approaches the horizon.
We should have paid attention to Louis McFadden:
“The Federal Reserve (banks) are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers.”
And.
“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).
Or Lindbergh:
“The financial system has been turned over to the Federal Reserve Board. That Board as ministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.” (Charles A. Lindbergh Sr., 1923)
Prominent Americans have long pointed out that the Fed is a private banking cartel designed to systematically destroy the dollar, drain wealth of the American public and crush the federal government with debt.
Ben Bernanke, current chairman of the Fed, actually told truth about the Great Depression in his speech at a University of Chicago conference honoring the 90th birthday of Milton Friedman, concluding with:
“Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
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MSM excels at suppressing leaked documents and defector testimony that clearly reveal the Fed’s zeal over the thousands of banks and farms they hoped to acquire for pennies on the dollar by inducing a depression. MSM has also protected the public from the truth that derivatives were at the heart of the 2008 financial crisis, and will define the next crisis.
Estimates of the notional value of the global derivatives market range from $600 trillion to $1.4 quadrillion. Webster Tarpley said this about derivatives:
“Far from being some arcane or marginal activity, financial derivatives have come to represent the principal business of the financier oligarchy in Wall Street, the City of London, Frankfurt, and other money centers. A concerted effort has been made by politicians and the news media to hide and camouflage the central role played by derivative speculation in the economic disasters of recent years. Journalists and public relations types have done everything possible to avoid even mentioning derivatives, coining phrases like “toxic assets,” “exotic instruments,” and – most notably – “troubled assets,” as in Troubled Assets Relief Program or TARP, aka the monstrous $800 billion bailout of Wall Street speculators which was enacted in October 2008….”
With their ownership of MSM, and history of doing whatever they want—including whatever it takes to protect their dollar entitlement, the Fed might seem impossible to root out. And regardless of how severely they try to complicate the whole Fed crime, our choice is exquisitely simple:
Kill the Fed or the Fed will kill us.
Our only other choice is limping from economic bubble to bursting economic bubble, hobbled by debt and drenched in austerity until we can limp no more. And if MSM ever publicly calls derivatives, “derivatives”, it’s far too late. The imminent financial crisis will render public interest a ghost from a distant past.
The only epoch offering Americans a future: the Fed, AD.
The Fed, after death.
Bela Lugosi liked to say, “There is no…other way.”
http://www.activistpost.com/2013/01/only-one-solution-to-fed-debt-trap.htm
Related:
…Unfortunately, this same group of people have been running things for a very long time. For example, New York City Mayor John F. Hylan said the following during a speech all the way back in 1922…
The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation. To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.
They practically control both parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business.
These international bankers and Rockefeller-Standard Oil interests control the majority of the newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government. It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.
These international bankers created the central banks of the world (including the Federal Reserve), and they use those central banks to get the governments of the world ensnared in endless cycles of debt from which there is no escape. Government debt is a way to “legitimately” take money from all of us, transfer it to the government, and then transfer it into the pockets of the ultra-wealthy…
http://www.activistpost.com/2013/01/who-runs-world-solid-proof-that-core.html#more
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