Eliot Spitzer: "The Federal Reserve Is A Ponzi Scheme" (Inside The Fed's Secret Pile Of Trash With Ratigan, Spitzer & Toure)
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Best Quote Is Eliot Spitzer Calling The Federal Reserve A Ponzi Scheme
An outstanding discussion, primer and visual lesson on toxic assets, failed banks, the Federal Reserve, HR 1207, auditing the Fed, and you, the f*cked taxpayer. Don't miss this clip and then send it to someone else. Pay it forward until we have millions of f*cked taxpayers who will at least be informed. Awareness is our only chance.
And a Friday f-you to a few individuals: Alan Greenspan, Bob Rubin, Henry Paulson, Ben Bernanke, Tim Geithner, George Bushes, Obama, Nancy Pelosi, Bill Clinton, Barney Frank, Joseph Cassano, and James Cramer.
Now the acronyms: SIV, CDO, CLO, CMO, FDIC, TARP, TALF, TLGF, PPIP and finally, most vehemently CNBC (except Faber & Santelli), for covering all of this for the last decade, and still never telling the truth.
(From James) More green shoots from Dylan Ratigan's awesome new show. Dylan puts on his Banker hat and swaps a (literal) bag of trash, on-air, for $13.9 Trillion worth of Monopoly money from a guy wearing a "Fed" hat. Dylan then explains why we should support Ron Paul's Audit of the Fed (HR 1207) and explains in plain and simple terms how we have been screwed by the Fed's bailout of the banks. This is really good stuff. I can't help but admire Ratigan for what he's doing with the new show. From our perspective, it just gets better and better. Here are just two of several choice morsels from this clip:
- "The Federal Reserve just extended $14 Trillion of our money, our children's money, America's future...and now they don't want to talk about what's in the bag. And they did it because the banks created a garbage bag full of bad debts." (4:45)
- "I feel as if America has suffered the greatest theft and cover-up -- ever, ... where banks created a pile of garbage, that they paid themselves billions of dollars in personal compensation, and then stuck the trillions of dollars worth of garbage with the American taxpayer. That, to me, is stealing." (7:05)
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Friday, July 24, 2009 at 2:44PM
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Reader Comments (13)
Anybody have any trouble with the acronyms for people to be blamed...?
I posted this in comments under "B-52: We Have A Plan to Suck Reserves" just a few minutes ago (probably just before or after you posted it here), but here are just two of several choice morsels from this clip:
Ratigan: "The Federal Reserve just extended $14 Trillion of our money, our children's money, America's future...and now they don't want to talk about what's in the bag. And they did it because the banks created a garbage bag full of bad debts." (4:45)
"I feel as if America has suffered the greatest theft and cover-up -- ever, ... where banks created a pile of garbage, that they paid themselves billions of dollars in personal compensation, and then stuck the trillions of dollars worth of garbage with the American taxpayer. That, to me, is stealing." (7:05)
Ratigan's new show is a Daily Bail-er's dream show -- I had high hopes, but I never thought it would get this good.
No problem DB - you gotta let it out! Profanity CAN ease your pain - it's a scientific fact. I continue to prove the hypothesis every day!
Great commentary. I found your complete comments and added them to the video. You are today's "Guest Tortured Soul.'
@Angry Jones
I'm glad you sense my pain. Great link.
Per my invitation in a previous thread for you to write a guest post, you may write about whatever you wish...and you are not limited to 1 post, so don't feel as though you must choose between favorite topics...
You have written extensively on many subjects so I would suggest reprising something from your previous work. Fed, Paulson, Getihner, capture, corruption, b-52, free-money Alan G., or just about anything else you can come up with....
You can use an article such as this one for your starting point (just as an example, though I need to publish something on Fannie and Freddie soon):
http://money.cnn.com/2009/07/22/news/companies/fannie_freddie_bailout/index.htm
Let me know what you're thinking by email...you can contact me thru the site at this link:
http://dailybail.com/contact-us/
thanks.
Thanks for the link. Well, at least we know why dropping a few F-bombs seems to ease stress every once in a while. Catharsis backed by Science. Now if only you could dig us up something on firing squads or life in prison, we can finally have closure. I am only half kidding.
http://www.anonymousphysicist.com
The move for term limits which had so much hope a decade ago, is now non-existent...
The problem started with the Federal Reserve Act of 1913, and all distraction ( fingure pointing) has been propagated by the Banker Manifesto of 1892 to divert attention away from themselves as they steal/ sell our nation.
DB
"The move for term limits which had so much hope a decade ago, is now non-existent... "
They will resist with extreme prejudice all urgings to leave the "cookie jar" alone and settle for just one "cookie".
http://www.grupo.org/ponzi