Banksters Rule America !
Senator Sanders : My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?
Ben Bernanke : No !
- Federal Reserve Chairman Ben Bernanke will not reveal their loan recipients. The FedRes, a private bank, is apparently above the law and not accountable to anyone. Despite the fact that it is taxpayers monies! Reuters reports U.S. senator wants Fed to name loan recipients:
WASHINGTON, March 3 (Reuters) – A U.S. senator berated Federal Reserve Chairman Ben Bernanke on Tuesday for refusing to name banks that borrow from the central bank and introduced legislation that would require public disclosure.
In a testy exchange at a hearing before the Senate Budget Committee, Vermont Sen. Bernie Sanders, an independent who usually votes with the Democrats, said he found it “unacceptable” that the central bank risked taxpayer money without detailing where the funds went.
“My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?” Sanders asked, referring to the size of the Fed’s balance sheet. Bernanke responded that the Fed explains the various lending programs on its website, and details the terms and collateral requirements.
When Sanders pressed on whether Bernanke would name the firms that borrowed from the Fed, the central bank chairman replied, “No,” and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.
“Isn’t that too bad,” Sanders interrupted, cutting him off. “They took the money but they don’t want to be public about the fact that they received it.”
According to the text of the proposed legislation, e-mailed by Sanders’ staff, he wants the central bank to identify any firm that has received financial assistance since March 24, 2008, including details on the type of borrowing, amount, date, terms and the Fed’s rationale for lending. Sanders wants the Fed to publish those details on its website and update them at least every 30 days.
- Who rules America? Here are some quotes :
“The real rulers in Washington are invisible, and exercise power from behind the scenes.”
- Supreme Court Justice Felix Frankfurter, 1952
“Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the Field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it.”
- Woodrow Wilson, The New Freedom (1913)
“Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to befoul the unholy alliance between corrupt business and corrupt politics is the first task of the statesmanship of the day.”
- Theodore Roosevelt
“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.”
- John C. Calhoun, Vice President of the United States
“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.”
- Thomas Jefferson
- Americans must wake up! The banksters have bought the best government money can buy. Banksters control the military industrial complex and many large corporations. What is happening to America is Corporatism. Remember Mussolini? The country exists to serve large corporate interests and it is heading towards fascism!
- See also :
The Federal Reserve: Secretive And Incompetent Organization ! The Creature From Jekyll Island.
History of Money & Fractional Reserve Banking System
How International Bankers Gained Control of America!
Federal Reserve is a Private Company.
Ron Paul – Federal Reserve is the Culprit!
end
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