Originally Posted by NotThe1
Bloomberg: The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system.Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return. "The collateral is not being adequately disclosed, and that's a big problem,
The Movement: Why Won't the Federal Reserve Say Who They Gave $2 Trillion To?
The Federal Reserve won't say who they gave $2 Trillion dollars to because THEY DON'T HAVE TO.
No one controls them.
They are the CONTROLLERS.
The President asks for money as a formality so that it appears the Federal Reserve is a part of the government and that the government controls them and not vice versa.
All Congressional hearings are nothing but a dog and pony show to make the American people believe that the Congress has control and that they are working for the American people.
They work for the Controllers.
When the Federal Reserve prints money out of thin air, it's not our money.
It's their money.
Don't you see?
That's the illusion they have created.
Oh my goodness, our children and grandchildren and their children will be indebted.
No they won't.
No child is born in debt.
They incur debt as I describe below.
We have and will always pay taxes to the goverment and what we pay in no way, shape or form covers the debt they say we have incurred on their behalf to finance war, etc.
We need to learn to live within our means.
They make this impossible by making that which they peddle above our means.
They inflate prices so we cannot afford that which we need without BORROWING from them.
They inflate everything; real estate included to keep us indebted to them.
We're indebted to them through the use of credit/charge cards, mortgages, car loans, etc.
If we lived within our means and were not inticed to borrow in order to possess that which they produce and we cannot afford, they would not control the economy and make millions from us in interest.
We would control the economy.
They would be dependent upon us.
Unless you're born into money as they are or corrupted in some form or fashion to serve them, this is almost an impossibilty because they've constructed the system against us.
Just when folks are sending their kids off to college, which is way overpriced and thinking about retirement, they incur second mortgages on thier homes.
The cards are stacked against us because they control the cost of goods.
That's my lesson in Economy 101.