Sunday, January 2, 2011

Did we tip yet?

 
$12.3 trillion. given by The Fed to mostly non-US banks without any congressional oversight/knowledge. the bill is presented to the US taxpayer. let the new republican congress start stopping the bleeding here (rather than turning the "used to haves" against the "have nots" of our society)...... you won't hear this on the TV folks, but that doesn't mean it ain't so...... Pay attention. 
Regards - j.
"..... Can you imagine what we could do to restructure society with $12.3 trillion? Think about that…  
People also can’t grasp the colossal crime committed because they keep hearing the word “loans.” People think of the loans they get. You borrow money, you pay it back with interest, no big deal.  
That’s not what happened here. The Fed doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.  Do you get that? The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies - crony capitalism on steroids. ...."
http://poorrichards-blog.blogspot.com/2010/12/wall-street-pentagon-papers-biggest.html

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