Tuesday, November 11, 2008

Bloomberg report: $2 Trillion hidden by Fed in bailout

Well, ain't that a peach? The Fed has apparently made it easier for us to hate them...

Bloomberg.com reports, "The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral" Full article here.

So it would seem this "transparency" Ben Bernanke and Henry Paulson were talking about back in September is about as transparent as the white on my ass. When reached to for comment....ya, no one replied but hey! Change is coming!


Mr. Obama?

No comment.

Okay, okay you can have a couple days to hoop it up on veterans day but damnit, Barry, I expect you to say something about this. You also voiced your opinion in support of transparency of the Fed, as well as, seemingly everyone but Barney Frank, resident politician with a speech impediment.

So what does this really mean? Well, it means our money aka taxes, are being spent on things we don't know about. Well, some things we know about but there are $2 trillion of taxes of which are unaccounted. Imagine what these Bohemian Grove freaks could do with $2 trillion?!


Damn, that's a lot of blow and male hookers....

This is just another of those things the bankers do. Take our money, launder it through the government and redistribute it to themselves. Don't believe me?

Think about it...

You pay taxes. The government takes your money and either pays for public services or goes to war. When they need more money, they don't tax us because that would be a neo con misinterpretation of "communism," right? No, instead, they borrow money from the Fed, a quasi-government/private banking institution, at interest and go about their way. The problem is that the Fed has no support for their money because they just print it out of thin air, using fractional reserve as justification for a fiat currency. So, let's retype that in simple terms...

Fed prints money with no gold standard or any standard to support it, loans it to government, government makes war, spends trillions, fed prints more money with new designs, more war, then they tax us to pay the debt. On another line, the fed loans money to banks, which loan to you, which you pay back at interest, likely compounded with your bank's interest AND the interest owed by your bank to the Fed. Throw on top of all that a bailout system which favors billionaires over the people; kinda like these assholes. So really, tax payers are slowly paying off the loans the fed has made to the government to pay for war and bankers as well as paying their own loans for credit cards and mortgages. So really, every bill you pay, for the most part, ends up going to the Fed.


That's right, reader.


I put it in a news blog, ya. So what? WTF is the perfect way to express my reactions to all of this BS. We pay taxes so money can be loaned willy nilly and the people we loaned it to go out and party like rockstars and then don't even tell us what they did with $2 trillion?!


That's right, America.