The Federal Reserve has a de facto monopoly on the issuance of fiat currency in the US which not only means that they can dictate its value at whim as well as interest rates at the drop of a hat causing unnecessary booms and bust cycles, economic uncertainty, stagnation and depressions, it is a CRIME to compete with them, which means that they enjoy an unchallenged firm grip on the ultimate power to influence government laws and the distribution of wealth and resources on this planet like an overlord puppetmaster of all puppeteers of puppets. The Federal Reserve is the ultimate primordial SCAM because it is the catalyst of all other financial scams and evils that originate from it. So, NO, RETARD, it is not “wrong” to put this much blame on the Federal Reserve. To say so is shamefully apologetic and woefully delusional.
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After WWI, Germany fell into the hands of the international bankers. Those bankers bought her and they now own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities. The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up threat to the government of Bruening. When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission. Through the Federal Reserve Board over $30 billion of American money has been pumped into Germany. You have all heard of the spending that has taken place in Germany. Modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to Germany through the Federal Reserve Board. The Federal Reserve Board has pumped so many billions of dollars into Germany that they dare not name the total. ~ Congressman Louis T. McFadden (D-PA), 1931, served twelve years as Chairman of the Committee on Banking and Currency
New report by Bloomberg Markets Magazine details trillions of dollars in secret federal loans made to the big banks during the 2008 financial crisis, a process that helped them rake in billions of dollars in undisclosed profits. Here, some key numbers that illuminate the Federal Reserve’s “breathtaking” $7.7 trillion bank bailout:29,000Pages of federal documents, courtesy of the Freedom of Information Act, and central bank records that Bloomberg combed through to reveal a “fresh narrative of the financial crisis”
The net total? As of November 10, 2011, it was $29,616.4 billion dollars — (or 29 and a half trillion, if you prefer that nomenclature). Three facilities—CBLS, PDCF, and TAF— are responsible for the lion’s share — 71.1% of all Federal Reserve assistance ($22,826.8 billion).