The Federal Reserve is Suspect:By Gerald Internet Anthropologist Think Tank
Paradigm Intel on the Federal Reserve Corp.
The Federal Reserve is a Corporation.
Ben S. Bernanke is the Chairman of the Board of Directors.
Its members, stockholders are the national banks
of the USA.
Now the Federal Reserve Corporation web site is misleading and
less than honest by errors of omission. They do not say
they are a corporation, and give the impression they
are an independent part of the Government.
They are not part of the Government.
Congress gets a report from the Fed twice a year.
And Congress can change the laws the Federal Reserve
operates under.
These same banks that ran the toxic paper sub-prime
paper scam are the stock holders of the Federal Reserve.
The stock holders of the Federal Reserve brought
about the current world depression. ( I ain't over yet. G )
The same Banks engaging in criminal mafia type interest
rates on credit cards 30% and payday loans, 402%.
The FBI used to put the Mafia in prison for charging
that kind of Interest rates.
The Federal Reserve Corporation is charged with duties
of protecting the consumer.
And they have been a complete failure in that
regard. Congress is looking to give Consumer Protection
to a new agency, taking it away from the Federal Reserve.
The Federal Reserve Corporation gave the Banks, their stock holders
$2.4 trillion dollars, in the liquidly scare the same Banks caused.
The Federal Reserve gave the National Banks $2.4 Trillion Dollars.
To bail them out from the sub-prime debacle the banks created.
With out approval from any body. Not even Congress.
More than twice as much as for the new Health Bill.
Now on CNBC or CNN I heard the war cost for Afghanstan was
about a Trillion dollars for 10 years.
And the Federal Reserve just gave the Banks, their stock holders
enough money to run the Afghan war for 24 more years.
No strings attached, no reporting.
The Rederal Reserve Corporation said the Banks,
the Federal Reserve stock holders were too big to break up. Hmmm.
And:
And they allow the Criminal National Banks to carry the toxic
sub-prime paper on their books at 100% of value.
When the real vlue may be as little as 30%.
The banks are allowed in effect to cary two sets of books,
one showing the sub-prime paper at 100% of value.
And another set of secret books NO ONE sees with the
true value on the balance sheets.
20% of the total National Debt was cause by these banks,
20% of the total National Debt was paid to these National
Banks by the Federal Reserve. $2.4 trillion.
National Debt is 12 Trillion.
Did the Fed have to pay this money to the Banks to stop
a meltdown in the credit markets? Maybe.
The Banks stopped lending to each other because no body
knew the real value of the other banks the bank was going to
lend to, hense the credit crunch. Two sets of books.
The Banks Credit Card Cos, pioneered the American consumer
paradigm away form "The customer is always right" and steered
it to " How much can the Banks legally screw the customer".
American National banks have been involved in a criminal conspiracy
to rob the American people , Mafia interest rates, scam sub-prime
paper, even changed the Bankruptcy laws so the could make bad
loans to consumers and collect from that consumers life time
income stream or from the estate when they DIE.
These are the same criminals that are the stockholders of the
Federal Reserve, Ben S. Bernanke is their chairman.
If the Banks are a criminal enterprise is the Chairman of their
Corporation criminal?
Additionally no law or regulation has yet been passed to prevent
the Banks from pulling another sub-prime paper scam.
So much for the Federal Reserve working for the people as
an independent branch of the Government, BS.
Gerald
Series 7 and 13
Anthropologist, ad Magnum
.
.
A little humor, but you get the point...
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