Thursday, July 19, 2012

Econ Militia: The Federal Reserve System Is A Ponzi Scheme

Federal Reserve Interest Rates - Econ Militia: The Federal Reserve System Is A Ponzi Scheme.
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Econ Militia: The Federal Reserve System Is A Ponzi Scheme Video Clips. Duration : 5.38 Mins.


We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . It takes just 5 and a half minutes to lay out the case against the Federal Reserve System's massive purchases of Treasury bonds. The Ponzi scheme they've undertaken is profound, dangerous to our civil liberties and potentially deadly to our economy. The chance of a recession returning is increased by deficit spending, and Glenn Beck's fear of a global depression look all too real when you examine the actions of the Fed. We've spent a few episodes providing background on central banks and the Fed, and we've talked about the rock-star status Ben Bernanke has been given. We learned about the Democrat-led Congress of 1912 railing against banks, and how they corrupted the idea of the central bank into a machine for social policy. But this most recent expansion of their "work" is obscene. In 2010, more than 40 percent of the Federal budget will be funded through Treasury bonds. In 2009, more than trillion in Treasury bonds were floated. The largest buyer, by far, was the Fed. CNBC reported that more than 80% of Treasuries in 2009 were bought up by the Federal Reserve Bank. We're buying our own debt to fund an ever expanding Federal government, and the cycle has the head of the snake eating its own tail. US Representative and former presidential candidate Ron Paul is correct: we need transparency. Despite the entrenchment of Nancy Pelosi, Harry Reid and Joe Biden, the American population needs to see the books, and uncover the trillions of dollars beige funneled through the ...
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