Friday, December 12, 2008
As Bloomberg reports today, the Federal Reserve has refused “to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.” On November 7, Bloomberg filed a Freedom of Information request to disclose the recipients of more than $2 trillion of “emergency loans” from U.S. taxpayers and the assets the central bank is accepting as collateral, but the private banker syndicate has told Congress and the American people to go fish.
Bloomberg notes that the Freedom of Information Act requires federal agencies to make government documents available to the press and the public. However, the Fed is not a federal agency, it is a cartel of private bankers. It is a consortium of twelve private banks which are not part of the United States government and does not answer to it. The Fed controls our monetary system and acts at the behest of large national and international private banks. 100% of its shareholders are private banks and none of its stock is owned by the government.
Expecting a cartel of private bankers to respond to a FOIA is to say the least an exercise in futility.
Perpetuating the scam and the illusion, the Fed tells us they are subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. “As we know from watching the business news, ‘oversight’ basically means that Congress gets to see the results when it’s over,” writes Ellen Brown. “The Fed periodically reports to Congress, but the Fed doesn’t ask; it tells.”
The Money Masters explains how the Fed runs its debt scam on the American people.
In response to the Bloomberg FOIA, the Fed said it is “allowed to withhold internal memos as well as information about trade secrets and commercial information,” in other words it does not owe the American people the transparency it initially promised before the purse strings were loosened. Fed mob boss Ben Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency.
Recall Nancy Pelosi declaring a congressional version of martial law in order to get the banker giveaway bill passed, as revealed by Rep. Michael Burgess on the floor of the House. Rep. Brad Sherman repeated Burgess’ claims. “Many of us were told in private conversations, that if we didn’t pass this bill on Monday, the sky would fall, the market would drop two or three thousand points, another couple thousand the second day, and a few members were even told that there would be Martial Law in America if we voted no.”
“We just witnessed a full week of Wall Street experts on television threatening the American people, and President Bush threatening Congress, claiming that ‘to do nothing’ will result in a economic crisis — possibly a depression,” Patrick Henningsen wrote on October 3. “So constituents called their Congressional representatives telling them to ‘do something’. No one is entirely sure what that something should be, so most Congressmen and women guessed that ‘something’ must be a $700 Billion ‘get-out-of-jail card’ for the bankers.”
As it now stands, that paltry $700 billion figure has ballooned to an astounding $8.5 trillion, a figure that represents almost 60 percent of the nation’s estimated gross domestic product. As the San Francisco Chronicle admitted, the “final cost won’t be known for many years.” Most of the money, about $5.5 trillion, will be printed by the Fed crime syndicate on its fantasy printing presses and loaned to the government. Our children, grand children, and great-great grand children will be on the hook to pay off this stellar debt — currently 10 trillion dollars, projected to go to 11 trillion or more in two years — for decades to come. It’s a dream come true for the international bankers.
“There has to be something they can tell the public because we have a right to know what they are doing,” Lucy Dalglish, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press, told Bloomberg. “It would really be a shame if we have to find this out 10 years from now after some really nasty class-action suit and our financial system has completely collapsed.” In fact, the banker debt scam is already crashing the economy, as planned.
“The fall of the US economy will have a domino effect and bring about a worldwide depression that will further depress the US economy and bring a full fledged inflationary depression worse than the great depression of the 1930’s. When this happens most companies will go bankrupt and will be nationalized,” notes Don Koenig. “When the US economy goes down it will take the world economy with it. This economic collapse will cause great civil unrest all over the world, cities will be filled with riots and later with troops.”
It’s the final stage of the bankster take-over, the last chapter of a plan to turn the world into a hellish corporatized slave gulag based on the China model. It really is naive to believe the Fed will respond to a mere FIOA request and reveal the details of its plan to crash the global economy. Bloomberg’s lawsuit against the Fed is commendable, however it is predicated on a false and dangerous assumption: that the Fed is a government institution answerable to Congress and the American people. It is not, although the illusion is alive and well.
This article was posted: Friday, December 12, 2008 at 10:19 am