
Bernanke goes before Congress today. How will he explain the ongoing criminal activities of the Federal Reserve? What lies will he tell to justify the Fed's continued existence?
A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government's watchdog over the effort says - a staggering amount that is nearly double the nation's entire economic output for a year.Auditing and then abolishing the Federal Reserve is the start of a solution. Of course no one believes that the Congress and Treasury Department would do a better job on monetary policy unless they have an incentive to do so. That incentive would have to be staying out of prison. Until we jail the criminals who are stealing our future as an example of what will happen to those who are thieves, there will be no 'change.'
If the feds end up spending that amount, it could be more than the federal government has spent on any single effort in American history.
For the government to be on the hook for the total amount, worst-case scenarios would have to come to pass in a variety of federal programs, which is unlikely, says Neil Barofsky, the special inspector general for the government's financial bailout programs, in testimony prepared for delivery to the House oversight committee Tuesday.
The Treasury Department says less than $2 trillion has been spent so far.
Still, the enormity of the IG's projection underscores the size of the economic disaster that hit the nation over the past year and the unprecedented sums mobilized by the federal government under Presidents George W. Bush and Barack Obama to confront it.
In fact, $23 trillion is more than the total cost of all the wars the United States has ever fought, put together. World War II, for example, cost $4.1 trillion in 2008 dollars, according to the Congressional Research Service. {more}
This fact remains.....Congress doesn't have the guts to do anything. Too many of them are bought and blackmailed. Honesty in the federal government is virtually non-existent.
Unless the criminals are stopped, we will soon see a move towards global currency. After that the scenarios are bleak, including the loss of our sovereignty.
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Congratulations
I would just like to take this time to congratulate the 2.1% of the United States population for their many contributions to our society.
Jim Cramer - Jewish
Robert Reich - Jewish
Larry Kudlow - Jewish
Lloyd Blankfein - Jewish
Tim Geithner - Jewish
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And, lest we forget, the other major "players" in our current economic crisis...
Bernie Madoff - Jewish
Richard Fuld - Jewish
Hank Greenberg - Jewish
Benjamin S. Bernanke - Jewish
Donald L. Kohn - Jewish
Kevin M. Warsh - Jewish
Randall S. Kroszner - Jewish
Frederic S. Mishkin - Jewish
Presidents of Federal Reserve Banks...
FRB of Boston: Eric S. Rosengren - Jewish
FRB of New York: Timothy F. Geithner - Jewish
FRB of Philadelphia: Charles I. Plosser - Jewish
FRB of Richmond: Jeffrey M. Lacker - Jewish
FRB of St. Louis: James B. Bullard - Jewish
FRB of Minneapolis: Gary H. Stern - Jewish
FRB of Kansas City: Thomas M. Hoenig - Jewish
FRB of Dallas: Richard W. Fisher - Jewish
FRB of San Francisco: Janet L. Yellen - Jewish
FRB of Cleveland: Sandra Pianalto - gentile
FRB of Atlanta: Dennis P. Lockhart - gentile
FRB of Chicago: Charles L. Evans - gentile
The list goes on and on.
If this was a list of Muslims, would you be as not concerned?
If you see a name you do not recognize, Google them, before Google (a Jewish-owned entity) wipes the information out.
It happened in Russia. It happened in Germany. Now it is happening in America.
Remember, as you watch TV, as you watch the news, that Jews are only 2.1% of the United States population. {source}
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