Busted: Bankers and The Global Economy

November 16, 2008

Big U.S. Bailout Secrets, No Supervision

bailout game show giveaway

bailout game show giveaway

The Troubled Asset Relief Program, originally a $700 billion bailout program mandated by Congress was to be conducted with transparency and oversight. That hasn’t happened and none of the oversight posts have been filled. To make matters worse, the Federal Reserve is now showing $2 trillion in additional loans, which apparently have gone to the central bankers bottom line.

Disclosure has been a joke in a solution that was declared to be sound and manageable. Instead, there has been no accountability and a desire to change plans in the middle of the bailout game by Henry Paulson and his team. Most of Congress seems unconcerned.

House Rep Barney Frank gave the thumbs up revealing, “I talked to Geithner, and he was pretty sure that they’re OK.” Who is okay? Certainly the Federal Reserve is very okay as they have nothing to lose and everything to gain. Who is Barney Frank talking about? Revealing the collateral for the $2 trillion in loans would give away banking secrets, so nobody is talking.

The reality is that the Federal Reserve is taking bad debt from the banking industry and giving itself huge sums of cash, since it still holds all the loot. It’s profit taking time in New York City. Perhaps this is the money to pay for all those Ameros that the U.S. just sent to China to pay for their earthquake rebuilding project, but that’s only conspiracy talk. ~ E. Manning

June 14, 2008

Is the Fed Promoting a Global Banking System

One of the latest proposals by the Federal Reserve :

Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York.

Geithner was the head of policy development at the International Monetary Fund. He became the president of the New York Federal Reserve Bank in mid-November of 2003. Do you see yet another global banking connection?

The reality is that any global system for banking is in reality in place right now and heralds back to the Roman Empire through the Roman Catholic Church and, of course, Rome. The difference is that central bankers are promoting their global reality instead of hiding their coalition. That global banking system is simply growing in power, both in the U.S. and abroad. Even the likes of Lew Rockwell have recently pointed at the “objectionable truth”. If you have been reading this blog, you already know the truth.

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