Federal Reserve Bank Con-Job Exposed!
- This is a surprisingly honest report from the MSM. Let’s hope they keep this up and stop the BS propaganda.
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[...] with ‘666′. Draw your own conclusions on how much truth is in them. See also: Federal Reserve Bank Con-Job Exposed! Max Keiser: Bankster Theft of America. Catherine Austin Fitts: Between 1997 and 2002, $4 Trillion [...]
Pingback by Rothschilds and the Federal Reserve ! « Socio-Economics History Blog | April 12, 2010
This is an excellent presentation. There is no doubt that the crony capitalism between a few Wall Street groups and the Federal Reserve and Treasury Department caused this economic collapse. The House Banking Committee and Fannie Mae and Freddie Mac joined the conspiracy out of a combination of ignorance,partisanship, and for personal profit. Note that all those culprits but one are part of the huge government we have accumulated and cannot control.
The only private culprits were a few Wall Street outfits that were in on the deal and helped package and peddle the worthless mortrgages the government guaranteed. And those who got bailed out were buddies of the feds in charge. Most corporations and even most banks were not involved. It was truly an inside job.
The post makes the point that campaign finace reform would help prevent this because lobbyists spend so much to influence the feds. This may or may not be true because much of that money given to the pols is “protection” money. It’s given not so much to get favors but to prevent punitive regulations.
Nevertheless, finance reform makes sense. I believe that the free speech rights under the Constitution apply only to individuals–that is, voting citizens–not corporate organizations. Therefore, political contributions should only be allowed from individuals acting alone. Enacting a law to restrict political gifts so that they can be made only by individuals and limiting these to $ 500 per year per person would eliminate most lobbying. And I didn’t need 2,800 pages to explain the solution! Just two lines!
As it is, special interest groups can give unlimited amounts. Labor unions are allowed to collect dues that must be paid by all employees by federal law and spend it on political matters. The teachers unions spends 98% of such money on behalf of Democratic candidates! All corporations will now be able to do this under the recent Supreme Court decision. Crony capitalism will get worse–and most of the “reforms” just paper over the abuses and allow new ones. We have to demand real answers and find new candidates.
[...] Want to Bankrupt the World And Usher in World Government! Rothschilds and the Federal Reserve ! Federal Reserve Bank Con-Job Exposed! Max Keiser: Bankster Theft of America. Catherine Austin Fitts: Between 1997 and 2002, $4 Trillion [...]
Pingback by Ellen Brown: Web Of Debt. The Shocking Truth about Our Money System and How We Can Break Free! « Socio-Economics History Blog | May 3, 2010