Sunday, September 18, 2011

Unelected, Unaccountable, Unrepentant: The Federal Reserve Is Using Your Money to Bail out European Commercial Banks Once Again

The Economic Collapse
For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to. Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress. Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit. Does that sound preposterous? Well, such an organization actually exists. It is called the Federal Reserve,

So, no, the financial problems of Europe have not been solved. Just think of this latest move as a temporary band-aid. So why get upset about it? Well, what all of this shows is just how arrogant the Federal Reserve is. The Federal Reserve gets to throw around trillions of dollars without any accountability to the American people. As I have written about previously, the Federal Reserve made $16.1 trillion in secret loans to their friends during the last financial crisis. As long as we continue to use a debt-based currency that is controlled by a privately-owned central bank, we are going to continue to have permanent inflation and government debt that expands at an exponential pace. The "central planning" done by the Federal Reserve has created bubble after bubble after bubble. Our dollars is on the verge of dying and our financial system is about to collapse. The Federal Reserve system simply does not work. Hopefully we can start sending more politicians to Washington D.C. that will be willing to stand up to the Federal Reserve. But for now, the Federal Reserve is going to keep running around doing whatever it wants to do whether we like it or not.


  1. globalism. we have to bail them out because they've determined that they'll have globalism. sure the world would live if they collapsed or we collapsed. but they determined we'll have globalism so it is so.

  2. 5:26 agreed; also as I have stated here many, mnay times; as long as the collective sheeples
    of the world will trade their time and effort for the greenback -----

    All is well; they will print it to infinity and beyond.

    The moment these same collective sheeples figure out it's actually nicely colored toilet paper --------

    Look the hell out !

  3. Yes 7:12 and our bombs cannot protect the dollar and the Federal Reserve banksters forever.

    How dare Iraq and Libya try to divert away from the dollar!


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