Thursday
Jun022011
Video: Ron Paul: "88% Of Fed Bailout Loans Went To Foreign Banks, And 100% Of NY Fed Loans" (Congressional Hearings 6-1-2011)
Short clip from yesterday's hearing with Fed General Counsel Thomas Baxter and Scott Alvarez. Full video is inside.
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Jun 2, 2011 at 4:45 PM
Reader Comments (13)
It is kinda odd that Ron Paul still hasn't figured it all out, he certainly has spent enough time asking the same questions over and over and over again. If he is not getting to the answers, he is asking the wrong questions and asking the wrong people or he is just not putting two and two together. Even the tone of his questions is getting old.
After a while, Ron Paul comes off as a curious but incapable of reaching any meaningful conclusions.
Sorry DB and gang, I know this is not the opinion you want to hear.
They insult him by not even directly answering the questions asked and Ron Paul does little to get them back on track.
My point was that this video could have been from 2009, 2010, or yesterday. He shows no sign of progress. Watching that clip made me miss that crazy Alan Grayson guy. At least he would laugh at them when they gave him the runaround and that was one demented laugh.
http://www.zerohedge.com/article/moodys-says-it-expects-place-us-rating-downgrade-review-if-no-progress-increasing-statutory-
I Found A Good Use For The Patriot Act
... and "extraordinary rendition" while we're at it.
We can use it on Goldman Sachs and their executives!
Goldman Sachs Group Inc. (GS) won’t face criminal prosecution related to sales of mortgage-linked securities because such a move could threaten the U.S. financial system, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.
more http://market-ticker.org/akcs-www?post=187349
Bankster Holdings of PIIGS Debt
As can be seen by the chart, for the most part, the PIIGS debt is held by European banksters and not the locally grown U.S. variety. This leads to the question, why would the U.S. back additional bailouts from the IMF (where the U.S. makes the largest contribution), given that there is limited U.S. exposure?
Even if the absurd proposition is agreed to that the U.S. needs to prop up domestic banksters, the U.S. participation in global bankster bailouts is really a stretch.
Bottom line: There's a global bankster game going on where the role for the average American is to simply pay for it.
more http://www.economicpolicyjournal.com/2011/06/bankster-holdings-of-piigs-debt.html
@LibCit: seems you answered your own question: "This leads to the question, why would the U.S. back additional bailouts from the IMF (where the U.S. makes the largest contribution), given that there is limited U.S. exposure?"
with your astute answer: "There's a global bankster game going on where the role for the AVERAGE AMERICAN IS TO SIMPLY PAY FOR IT."
and like Daily Bail comments above - "98 percent of Americans don't know about this" - they don't know that the "federal reserve" is not federal, nor a reserve of anything (other than massive malfeasance), nor that it is in fact a quasi private bank - the profits of which go into pockets of private individuals - who aren't even Americans, nor that the act of authorizing this private bank was against the constitution of what was at the time the United States of America
gee -what other lies don't the majority know about, but if Americans could just get the truth about this private bank - they might clue up and put an end to the rest of the lies - ruining their lives; this is where Paul Ron should take a role, but so far he hasn't and likely never will
Ron Paul is billed as the man to do it, but it ain't/can't, so what's the use of backing him
if USA is to continue (or regain some of what it was) it needs much more than 1 man, Ron Paul, right now
No one else is fingering the Fed like Paul. I have been throwing rocks to get people to see that this economic betrayal of America from the high ups is about saving the royal inbreds of Europe from obsolesence. President-elect Paul just verified it. Get a clue. The mewling traitors in Congress are robbing your childrens' futures blind! We all need some more basic training in one way or another.
Watch out for the gomers at Youtube. Like NPR's decay since Rockefellers rule the roost. Youtube since BP's purchase has been a serious decay. Don't trust them if it is news you want. Trust the outlooks of some agencies featured on Youtube. The SCOTUS determined NEWS AGENCIES ARE NOT UNDER ANY LEGAL OBLIGATION TO TELL THE TRUTH, even over publicly owned airwaves.
If you vote like you are taking a dump behind a log on a camping trip, expect the worst.
“The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers..... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power." Abraham Lincoln Senate document 23, Page 91. 1865
The Europeans recognized the danger to their financial cartels when the London times published in 1865 this piece regarding our government printing its own currency as Lincoln wished to do:
"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." - Hazard Circular - London Times 1865.
http://www.xat.org/xat/usury.html
Alan Grayson = aggressive, Harvard-trained prosecutor and class action lawyer
Different styles certainly, but they have the same goals, at least when it comes to The Fed...