BIGGEST
SCAM IN THE WORLD
http://pubrecord.org/nation/8622/pentagon-papers-wall-street/
The
Wall Street Pentagon Papers:
Biggest Scam In World History Exposed: Are The Federal Reserve’s Crimes Too Big To Comprehend?
By
David DeGraw The Public Record Dec 10th,
2010
What
if the greatest scam ever perpetrated was
blatantly exposed, and the US media didn’t cover it? Does that mean
the scam could keep going? That’s
what we are about to find out.
I
understand the importance of the new WikiLeaks documents. However, we must not let them distract us from
the new information the Federal
Reserve was forced to release. Even if WikiLeaks reveals documents
from inside a large American bank,
as huge as that could be, it will most
likely pale in comparison to what we just found out from the one-time
peek we got into the inner-workings
of the Federal Reserve. This is the Wall
Street equivalent of the Pentagon Papers.
I’ve
written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from
top to bottom, has been staggering.
The lack of accountability and the complete disregard for the rule of
law have made me and many of my
colleagues extremely cynical and jaded when it comes to new evidence to pile on top of
the mountain that we have already
gathered. But we must not let our cynicism cloud our vision on the details within this new information.
Just
when I thought the banksters couldn’t possibly shock me anymore… they did.
We
were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal
Reserve view, of a secret taxpayer
funded “backdoor bailout” by a small group of unelected bankers. This
data release reveals “emergency
lending programs” that doled out $12.3 TRILLION in taxpayer money – $3.3 trillion in
liquidity, $9 trillion in “other
financial arrangements.”
Wait,
what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and
Congress didn’t know any of the
details?
Yes.
The Founding Fathers are rolling over in their graves. The original copy of the Constitution
spontaneously burst into flames. The ghost of Tom Paine went running, stark
raving mad screaming through the
halls of Congress.
The
Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t
just to the usual suspects like
Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to
the entire Global Banking Cartel.
To central banks throughout the world:
Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England… To the Fed’s foreign
primary dealers like Credit Suisse
(Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas
(France)… All their Ponzi players
were “gifted.” All the Racketeer Influenced and Corrupt Organizations
got their cut.
Talk
about the ransacking and burning of Rome! Sayonara American middle class…
If
you still had any question as to whether or not the United States is now the world’s preeminent banana
republic, the final verdict was just
delivered and the decision was unanimous. The ayes have it.
Any
fairytale notions that we are living in a nation built on the rule of law and of the global economy
being based on free market
principles has now been exposed as just that, a fairytale. This moment
is equivalent to everyone in
Vatican City being told, by the Pope, that God is dead.
I’ve
been arguing for years that the market is rigged and that the major Wall Street firms are elaborate
Ponzi schemes, as have many other
people who built their beliefs on rational thought, reasoned logic
and evidence. We already came to
this conclusion by doing the research and
connecting the dots. But now, even our strongest skeptics and the
most ardent Wall Street supporters
have it all laid out in front of them, on FEDERAL RESERVE SPREADSHEETS.
Even
the Financial Times, which named Lloyd Blankfein its 2009 person of the year,
reacted by reporting this: “The
initial reactions were shock at the breadth of lending, particularly to foreign firms. But the
details paint a bleaker and even
more disturbing picture.”
Yes,
the emperor doesn’t have any clothes. God is, indeed, dead. But, for the moment at least, the illusion
continues to hold power. How is this
possible?
To
start with, as always, the US television “news” media (propaganda) networks just glossed over the whole
thing – nothing to see here, just
move along, back after a message from our sponsors… Other than that obvious reason, I’ve come to the
realization that the Federal Reserve’s
crimes are so big, so huge in scale, it is very hard for people to even wrap their head around it and comprehend
what has happened here.
Think
about it. In just this one peek we got at its operations, we learned that the Fed doled out $12.3
trillion in near-zero interest loans,
without Congressional input.
The
audacity and absurdity of it all is mind boggling…
Based
on many conversations I’ve had with people, it seems that the average person doesn’t comprehend how
much a trillion dollars is, let
alone 12.3 trillion. You might as well just say 12.3 gazillion,
because people don’t grasp a number
that large, nor do they understand what would be possible if that money was used in
other ways. (The typical dumbed down, mentally challenged, illiterate American will grasp the significance of
this outrage when hyper inflation
hits the economy next year. That
is when "the flag waving boobs, and
the walmartians will be unable to feed their kids. When that happens just keep saying over and over
again---those Arab/Muslims did this. You
will feel a lot better).
Can
you imagine what we could do to restructure society with $12.3 trillion? Think about that…
People
also can’t grasp the colossal crime committed because they keep hearing the word “loans.” People
think of the loans they get. You
borrow money, you pay it back with interest, no big deal.
That’s
not what happened here. The Fed doled out $12.3 trillion in near-zero interest loans, using the
American people as collateral,
demanding nothing in return, other than a bunch of toxic assets in
some cases. They only gave this
money to a select group of insiders, at a time when very few had any money because all
these same insiders and speculators
crashed the system. (The FED did what
it was designed to do: Protect the International Banking Cartel.)
Do
you get that? The very people most responsible for crashing the system, were then rewarded with
trillions of our dollars. This gave that
select group of insiders unlimited power to seize control of assets
and have unprecedented leverage
over almost everything within their economies – crony capitalism on steroids.
This
was a hostile world takeover orchestrated through economic attacks by a very small group of
unelected global bankers. They paralyzed
the system, then were given the power to recreate it according to
their own desires. No free market,
no democracy of any kind. All done in
secrecy. In the process, they gave themselves all-time
record-breaking bonuses and
impoverished tens of millions of people – they have put into motion a system that will inevitably
collapse again and utterly destroy
the very existence of what is left of an economic middle class. (That is the ultimate objective).
That
is not hyperbole. That is what happened.
We
are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select
group of bankers themselves. All for
the benefit of those bankers, and at the expense of everyone else.
People can’t even comprehend what
that means and the severe consequences that it entails, which we have only just begun
to experience.
Let
me sum it up for you: The American Dream is O-V-E-R.
Welcome
to the neo-feudal-fascist state.
People
throughout the world who keep using the dollar are either A) Part of the scam; B) Oblivious to
reality; C) Believe that US military
power will be able to maintain the value of an otherwise worthless currency; D) All of the above.
No
matter which way you look at it, we are all in serious trouble!
If
you are an elected official, (I know at least 17 of you subscribe to my newsletter) and you believe in the
oath you took upon taking office,
you must immediately demand a full audit of the Federal Reserve and
have Ben Bernanke and the entire
Federal Reserve Board detained. If you are not going to do that, you deserve to have
the words “Irrelevant Puppet”
tattooed across your forehead.
Yes,
those are obviously strong words, but they are the truth.
The
Global Banking Cartel has now been so
blatantly exposed, you cannot possibly get away with pretending that
we live in a nation of law based on
the Constitution. The jig is up.
It’s
been over two years now; does anyone still seriously not understand why we are in this crisis?
Our economy has been looted and
burnt to the ground due to the strategic, deliberate decisions made by
a small group of unelected global
bankers at the Federal Reserve. Do people
really not get the connection here? I mean, H.E.L.L.O. Our country is
run by an unelected Global Banking
Cartel.
I
am constantly haunted by a quote from Harry Overstreet, who wrote the following in his 1925 groundbreaking
study Influencing Human Behavior: “Giving
people the facts as a strategy of influence” has been a failure,
“an enterprise fraught with a
surprising amount of disappointment.”
This
crisis overwhelmingly proves Overstreet’s thesis to be true. Nonetheless, we solider on…
Here’s
a roundup of reports on this BernankeLeaks:
Prepare
to enter the theater of the absurd…
I’ll
start with Senator Bernie Sanders (I-Vermont). He was the senator who Bernanke blew off when he
was asked for information on this
heist during a congressional hearing. Sanders fought to get the
amendment written into the
financial “reform” bill that gave us this one-time peek into the Fed’s secret operations.
(Remember, remember the 6th of May, HFT,
flash crash and terrorism. “Hey, David, Homeland Security is on the phone! They want to ask you
questions about some NYSE SLP program.”)
In
an article entitled, “A Real Jaw-Dropper at the Federal Reserve,” Senator Sanders reveals some of the
details:
At
a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people
the names of the financial
institutions that received an unprecedented backdoor bailout from
the Federal Reserve, how much they
received, and the exact terms of this
assistance. He refused. A year and a half later… we have begun to lift
the veil of secrecy at the Fed…
After
years of stonewalling by the Fed, the American people are finally learning the incredible and
jaw-dropping details of the Fed’s
multi-trillion-dollar bailout of Wall Street and corporate America….
We
have learned that the $700 billion Wall Street bailout… turned out to be pocket change compared to the
trillions and trillions of dollars in
near-zero interest loans and other financial arrangements the
Federal Reserve doled out to every
major financial institution in this
country.…(The 700Billion was just a diversion to distract Boobus Americanus).
Perhaps
most surprising is the huge sum that went to bail out foreign private banks and corporations including
two European megabanks — Deutsche
Bank and Credit Suisse — which were the largest beneficiaries of the
Fed’s purchase of mortgage-backed
securities….
Has
the Federal Reserve of the United States become the central bank of the world?… [read Global Banking
Cartel] (Yes, all the central banks are
run by the SAME people).
What
this disclosure tells us, among many other things, is that despite this huge taxpayer bailout, the
Fed did not make the appropriate
demands on these institutions necessary to rebuild our economy and
protect the needs of ordinary
Americans….
What
we are seeing is the incredible power of a small number of people who have incredible conflicts of
interest getting incredible help
from the taxpayers of this country while ignoring the needs of the
people. [read more]
In
an article entitled, “The Fed Lied About Wall Street,” Zach Carter sums it up this way:
The
Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who
implement it… By denying the solvency
crisis, major bank executives who had run their companies into the
ground were allowed to keep their
jobs, and shareholders who had placed bad bets on their firms were allowed to collect
government largesse, as bloated
bonuses began paying out soon after.
But
the banks themselves still faced a capital shortage, and were only kept above those critical capital
thresholds because federal
regulators were willing to look the other way, letting banks account
for obvious losses as if they were
profitable assets.
So
based on the Fed audit data, it’s hard to conclude that Fed Chairman Ben Bernanke was telling the
truth when he told Congress on March
3, 2009, that there were no zombie banks in the United States.
“I
don’t think that any major U.S. bank is currently a zombie institution,” Bernanke said.
As
Bernanke spoke those words banks had been pledging junk bonds as collateral under Fed facilities for
several months…
This
is the heart of today’s foreclosure fraud crisis. Banks are foreclosing on untold numbers of
families who have never missed a payment,
because rushing to foreclosure generates lucrative fees for the
banks, whatever the costs to families
and investors. This is, in fact, far worse
than what Paul Krugman predicted. Not only are zombie banks failing
to support the economy, they are
actively sabotaging it with fraud in order
to make up for their capital shortages. Meanwhile, regulators are aggressively looking the other way.
The
Fed had to fix liquidity in 2008. That was its job. But as major banks went insolvent, the Fed and
Treasury had a responsibility to fix
that solvency issue—even though that meant requiring shareholders
and executives to live up to
losses. Instead, as the Fed audit tells us, policymakers knowingly ignored the real
problem, pushing losses onto the
American middle class in the process.” [read more]
Even
the Financial Times is jumping ship:
Sunlight
Shows Cracks in Fed’s Rescue Story
It
took two years, a hard-fought lawsuit, and an act of Congress, but finally… the Federal Reserve disclosed
the details of its financial crisis
lending programs. The initial reactions were shock at the breadth
of lending, particularly to foreign
firms. But the details paint a bleaker,
earlier, and even more disturbing picture…. An even more troubling conclusion from the data is that… it is
now apparent that the Fed took on
far more risk, on less favorable terms, than most people have
realized. [read more]
In
true Fed fashion, they didn’t even fully comply with Congress. In a report entitled, “Fed Withholds
Collateral Data for $885 Billion in
Financial-Crisis Loans,” Bloomberg puts some icing on the cake:
For
three of the Fed’s six emergency facilities, the central bank released information on groups of
collateral it accepted by asset type and
rating, without specifying individual securities. Among them was
the Primary Dealer Credit Facility,
created in March 2008 to provide loans to
brokers as Bear Stearns Cos. collapsed.
“This
is a half-step,” said former Atlanta Fed research director Robert Eisenbeis, chief monetary
economist at Cumberland Advisors Inc. in
Sarasota, Florida. “If you were going to audit the facilities, then
would this enable you to do an
audit? The answer is ‘No,’ you would have to go in and look at the individual amounts of
collateral and how it was broken
down to do that. And that is the spirit of what the requirements were
in Dodd-Frank.” [read more]
See
also:
Fed
Data Dump Reveals More Contradictions About its $1.25 Trillion MBS Purchase Program
Fed Created Conflicts in Improvising $3.3
Trillion Financial System Rescue Meet The 35 Foreign Banks That Got
Bailed Out By The Fed Ben
Bernanke’s Secret Global Bank
Here’s
the only person on US TV “news” who actually covers and understands any of this, enter Dylan
Ratigan, with his guest Chris Whalen
from Institutional Risk Analytics. This quote from Whalen sums it up
well: “The folks at the Fed have
become so corrupt, so captured by the banking industry… the Fed is there to support
the speculators and they let the
real economy go to hell.”
Essential background intel regarding global wealth and
reserves of gold…what an eye opener. A
law suit filed on November 23, 2011 that now includes some 122 countries
against the "Illuminati" has precipitated death threats against many
brave persons who have demonstrated courage to expose this long standing fraud
that reportedly involves $11-million trillion in gold bullion. Why is this intel being shared?…because this
world is on the precipice of some vast economic changes to benefit all.
http://www.youtube.com/watch?v=Wcy0X5w3KwU
