29 November 2011

A Confederacy of Thieves

In case there was any doubt, the federal government and the major banks are nothing more than two sides of the same coin:

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue. [Hat tip.]

Incidentally, the total cost of bailing out the banks ended up being north of $7 trillion.

The quite simple fact of the matter is that the federal government is the banksters’ bitch.  The banksters own the government, completely and wholly, and the federal government acts primarily on its behalf.  The Federal Reserve Bank is simply the mechanism by which the federal government transfers money and power to the banks.  It was not, contrary to claims of its founders, ever intended to be an independent body that combined the best of banker’s prudence and knowledge with the power and scope of the government.  Rather, the central bank, like all other central banks before it, existed to enrich the wealthy at the expense of everyone else.

Democracy does not exist in the United States, nor does any form of representative government.  The real power is not held by the senate, the house, the president, or even the Supreme Court.  The real power is held by the central bank, which is a wholly owned subsidiary of Banksters, Inc.  The federal government is nothing more than a puppet show to keep the masses satisfied that “something is being done” about the massive fraud and theft that has occurred over the last couple of decades.  In reality, the only thing that is being done is more looting, courtesy of the major banks, via The Fed.

Thus, the Austrian economists’ observations of central banks hold true:  The Fed, like all other central banks, is a pernicious creation that is fundamentally anti-capitalistic and anti-freedom.  It is evil personified.  It cannot create, only transfer and destroy.  It must end now.

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