One of the most important, if not the most important current issues, is the battle for more power by the Private Federal Reserve. I believe the Federal Reserve to be the most powerful super-force in the world. The monster has been alive since 1913 and has had a limitless appetite for the fiat monetary system. Ron Paul has been loyally going after the ”out of control” Federal Reserve for many years. Is he finally gaining momentum in his conquest? Ron Paul’s audit the fed 1207 legislation was recently introduced with many seeing no possibility for success. Well, I am proud to announce that this bill is marching forward in the House of Representatives. The latest on the bill is the fact that it now has enough co-sponsors to be brought to the House floor for a vote!
I bet you are wondering why you have not heard about 1207 on the news. I can tell you why. This is because the banking giants, global elite, and ”paid for” politicians do not want you to find out where their cookie jar is! Could I be implying that the media is controlled? I hope you, as the reader, will be able to slowly break your conditioning and allow your mind to answer this question correctly. What may help you break this conditioning is the fact that the media has been aggressively supporting Obama and his campaign to give the Federal Reserve ultimate power. This power that Obama wants to drown the Federal Reserve in is under the disguise of preventing any more financial meltdowns. Is the timing of the 1207 success and Obama’s push to give the Fed more power coincidence? I will let you answer this question for yourself, but how much more power does the Fed need? How much longer is this “credit freeze” going to be happening, even after the trillions in “rescues”?
The following link will show a CSPAN interview between Senator Sanders and the Fed Chariman. This should clearly show you that the Federal Reserve is above the law and is more powerful than congress in its present form. This power is only going to increase if Obama gets his way with the current regulation reform! http://www.youtube.com/watch?v=oOpQkRsEfaU
I will now break down what the Federal Reserve has done up to March 2009. The damage has since increased, but the following article from Bloomberg.com is a very big eye opener and “conditiong” breaker. Remeber the Bush stimulus, Obama stimulus, recent HUD assistance, and recent educational funding? My friends, these promises are real, but they are NOTHING in comparison to the majority of the money that is going to domestic banks, off shore banks, and toxic derative investments. Please look for yourself. I have provided the link to the Bloomberg article. You really need to study this. It will help you see that “we the people” are NOT on the top of any priority list! Please support Ron Paul and his 1207 legislation.
The following is the link to the Bloomberg article:
http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4
Following are the credits for the March, 31, 2009 article and chart: Data presented by Bloomberg with Mark Pittman in New York and Bob Ivry in New York. I have modified the chart in one manner. I bold faced the money that is allocated to “we the people” so the reader does not have to work hard at seeing the disgusting truth. Isn’t freedom great?
The following table details how the Fed and the government have committed the money on behalf of American taxpayers over the past 20 months, according to data compiled by Bloomberg.
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— Amounts (Billions)—
Limit Current
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Total $12,798.14 $4,169.71
———————————————————–
Federal Reserve Total $7,765.64 $1,678.71
Primary Credit Discount $110.74 $61.31
Secondary Credit $0.19 $1.00
Primary dealer and others $147.00 $20.18
ABCP Liquidity $152.11 $6.85
AIG Credit $60.00 $43.19
Net Portfolio CP Funding $1,800.00 $241.31
Maiden Lane (Bear Stearns) $29.50 $28.82
Maiden Lane II (AIG) $22.50 $18.54
Maiden Lane III (AIG) $30.00 $24.04
Term Securities Lending $250.00 $88.55
Term Auction Facility $900.00 $468.59
Securities lending overnight $10.00 $4.41
Term Asset-Backed Loan $900.00 $4.71
Currency Swaps/Other Assets $606.00 $377.87
MMIFF $540.00 $0.00
GSE Debt Purchases $600.00 $50.39
GSE-Backed Securities $1,000.00 $236.16
Citigroup Bailout Fed Portion $220.40 $0.00
Bank of America Bailout $87.20 $0.00
Commitment to Buy Treasuries$300.00 $7.50
———————————————————–
FDIC Total $2,038.50 $357.50
Public-Private Investment* $500.00 0.00
FDIC Liquidity Guarantees $1,400.00 $316.50
GE $126.00 $41.00
Citigroup Bailout FDIC $10.00 $0.00
Bank of America Bailout FDIC $2.50 $0.00
———————————————————–
Treasury Total $2,694.00 $1,833.50
TARP $700.00 $599.50
Tax Break for Banks $29.00 $29.00
Stimulus Package (Bush) $168.00 $168.00
Stimulus II (Obama) $787.00 $787.00
Treasury Exchange Stabilization $50.00 $50.00
Student Loan Purchases $60.00 $0.00
Support for Fannie/Freddie $400.00 $200.00
Line of Credit for FDIC* $500.00 $0.00
———————————————————–
HUD Total $300.00 $300.00
Hope for Homeowners FHA $300.00 $300.00
———————————————————–
In conclusion I would like to give a basic break down of what these numbers mean. One of the columns represents the total amount of funds available for each itemization. The other column represents what has been spent in each itemization up to the date of the article which was March 31, 2009. You can rest assured that the limit will be reached in each of the itemizations. Moving on to the most important data from this chart is the amount of money that “we the people” are allocated in proportion to all of the other banks and toxic investments. I will break this down. First, the bold itemizations in the limit column should be added. This represents what “we the people” will receive, and it adds up to 1,615 billion (1.615 trillion). The next step is to add the total Federal Reserve pledges in the limit column, and these add up to 12,800 billion (12.8 trillion). Finally, the 1615 billion will be divided by the 12,800 billion which will equate to .13 or 13%. This means that “we the people” are only going to receive 13% of the total spending of the Federal Reserve. Please do not forget that “we the people” are going to have to carry the tax burden of paying this back. If this does not upset you I do not know what will.
