The truth comes out. The Federal Reserve promised they weren’t up to no good and told us we didn’t need to see their documents. They said we could trust them, they’re experts after-all. Monetary scientists in a field too confusing for us simpletons outside of D.C. to understand. Ben Bernanke went before congress and told the American people that our tax dollars were not being used to bailout insolvent foreign banks and institutions. But wait, whats this? As their documents are ordered to be released we see that foreign fractional reserve banks received massive bailouts. So who pays for these bailouts? Well the Fed didn’t have the money to start with, so they created it out of thin air, they printed it so to speak. Now don’t get any ideas people, if you were to do such a thing you would go to jail for counterfeit. But when our lords do it, it is nothing but goodness and loving all wrapped up in one big ball of concern for the little guy. Don’t worry that all this new money is chasing up the price of everything we buy on a daily basis. Don’t worry that in order to bailout banks, foreign and domestic, the value of our money and wages has to take a considerable decline. Who cares if the price of oil is over $110 a barrel, who cares is gold is above $1,450 an ounce, why should anyone be concerned that food prices are at an all time record high, after all didn’t you hear Ben Bernanke? There is no inflation. The economy is recovering, its a good thing that our wages are stagnant and the cost of living is skyrocketing. Didn’t you hear the politicians and bureaucrats tell us that a weaker dollar was good? They didn’t see this financial crisis coming, they must know how to fix it.
There you have it people. Here in America where we pay some of the highest taxes on Earth, where we suffer under the largest government that has ever existed in all of mankind, where we have more people in prison than any other nation, we get the privilege of having our hard earned money stolen from us so that we can bail out incompetent foreign banks committing fraud (fractional reserve banking). Expect more of this in the coming years. The politicians and bureaucrats can only steal our money and lord over us like misbehaving children if we consent to them. Withdraw your consent.
Now watch as Ben Bernanke lies to Ron Paul, Congress, and the American people. “We have no plans whatsoever to be involved in any foreign bailouts or anything of that sort.” -Ben Bernanke
Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak