Spitzer calls the Federal Reserve a Ponzi Scheme

While doing a interview with MSNBC's Dylan Ratigan, Elliot Spitzer says:

The fed is a Ponzi scheme, an inside job, it is outrageous, it is time for congress to say enough of this"

He goes in to further detail in this video clip, including broad accusations against HSBC.

What the Fed doesn't want you to know

Enjoy!

Makes You wonder why He was caught messing with a prostitute. I mean seriously all of the rooster suckers are corrupt and all have thier fair share of vices. To me it seems like the ones that don't play ball anymore are the ones that get exposed to the whole country by the news. I mean look at Barney Frank that has to be the most disgusting man on earth but You never hear about Him and his male prostitutes.

reply to post by jkm1864


Last I heard and I can offer no proof, is that the prostitution ring in which Spitzer got entangled had links to a hedge fund which he was investigating.

Thats the way it works. Implicate them in something that could threaten their political careers, and then use that against them so you can always get them to do your bididng. Once they turn you bury them in their own past indescetions.

reply to post by jkm1864


I just wanted to say thank you for making me laugh like crazy. That Barney Frank part gave me visuals, yes nasty, but funny in the sense that he was totally bound by random, messed up, animal desires Kinda shines a light on what happens to us psychologically when we live a two-faced existence.

And ditto on the sentiment. At the highest halls of power, there is plenty of access to drugs, prostitutes, special favors, basically any sensual or material thing. Those in the highest orders protect their own, and in this environment of relative safety from prosecution and outing, many enjoy the perks. When someone goes against the order, they can get thrown to the dogs. But then again, he might have been in the wrong place at the wrong time. But it wouldn't surprise me at all if he was targeted either.

[edit on 25-7-2009 by orwellianunenlightenment]

Just a thought, Spitzer ain't an angel, but I think this 'crime' of morality doesn't overshadow what he is saying. Several folks on here have brought up the irrelevance of his implication in a prostitution ring.

Well, it's not as if he got caught with some cracked out underage street hooker. This girl was educated, intelligent, albeit I didn't think her appearance warranted 4k and hour, but hey to each his own. I don't think it makes him an evil person because he visited a hooker.

When I was 20, I went to Las Vegas following my divorce. (got married too young) I hired an escort. Admittedly, I had a good time, but I have not been with a prostitute since. Was it wrong?

Well, it wasn't legal in Vegas, but this was 15 years ago when they had escort catalogs in newspaper stands on the street. Was the girl a desperate crankster or crackhead? Uh no, in fact she would have put a few of the VS models to shame---articulate as well.

Does it make a bad person and erase the good things I've done in my life? Well, let he who is without sin cast the first stone! (I am agnostic LOL)

The point. The MSM and the 'public' like to thrown stones in their glass houses, but hey someone is keeping all these street hookers in business. And it ain't the town pervs living in their mom's basements. Watch cops sometime, lots of family sedans and nice SUVs pulled over by vice squads.

washington post Feb 08

Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers

Predatory lending was widely understood to present a looming national crisis. This threat was so clear that as New York attorney general, I joined with colleagues in the other 49 states in attempting to fill the void left by the federal government. Individually, and together, state attorneys general of both parties brought litigation or entered into settlements with many subprime lenders that were engaged in predatory lending practices. Several state legislatures, including New York's, enacted laws aimed at curbing such practices.
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...

Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye.

This article is why all the hullabaloo about Spitzer. Everytime he outs the gov. he gets charged with something

This references a Supreme Court case saying the gov. was wrong to stop Spitzer. Ruling was this month I think.

link

Chalk this up as another sad might-have-been from the days of Eliot Spitzer — but this is a case where Spitzer’s failure was caused not by his own flaws, but by the meddling of Bush administration officials whose relationships with the businesses they were supposed to be regulating mirrored the swinish behavior that ended Spitzer’s political career.

The U. S. Supreme Court ruled last week that the federal government was wrong to stop then-Attorney General Spitzer from seeking information about whether banks in New York, even those with federal charters, were engaging in questionable practices in the way they issued mortgage loans.

Had Spitzer been allowed to follow up his suspicions, there is some chance that the current economic recession, triggered by the collapse of the same kind of bad loans that he was investigating, might have been prevented. At least the previously somnambulant federal officials might have had some clue as to what was coming.

Spitzer’s case, since taken up by Attorney General Andrew M. Cuomo, was based on evidence that lenders in New York were directing black and Hispanic borrowers into high-rate mortgages at a disproportionate rate compared to white homebuyers.

Another story with more details and how the 'hoopla' over a different story removed attention from the Spitzer win.
link

The interesting thing is when he was brought down Spitzer had a speech prepared for the next day blowing the whistle on Wall Street corruption which named names and financial institutions. He had been probing too deeply - so they took him out.

He had an overpriced hooker. Like it or not people in high places use prostitutes, have mistresses, engage in extramarital affairs.

Spitzer was one of the few straightshooters to rise in the ranks to a position where he could do something about the abuses that were going on around him.

Had he remained in office the dirty dealings going on in financial circles might have become public knowledge months before it came all to a head


Mike

Old Spitz must be one of them old school Democrats. I've just gained more respect for the man. Anything he does in his personal life is of no importance to me. You know ANYONE that talks publicly and in a negative fashion AGAINST the FED is not a drone. Ron Paul's bill seems to be catching on. It's good to see a true bipartisan push.

It's truly amazing how the MSM has made it seem like the FED is no big deal, after ALL these years. It makes you take a step back and THINK; this is how much control the media has over every day life and opinion. The very thing the founding fathers warned us about - and many people are familiar with the warnings - and still the FED has been protected all these years.

Thank you internet.

Yes well dylan and spitzer make up a good team

i wonder how the ratings are for this show

and they let these guys play on a rather loose chain

seems some executives must be getting "fed up" as well

This is exactly why the gov. is being hypocritical by putting Madoff away. All Madoff did was imitate the gov's very own ponzi scheme....but in a smaller way.

Madoff's crime was he wasn't working for the gov.


I would have solved the Madoff situation like this:

1. Make him liquidate all his assets and give back the money to all the investors.
2. Print the balance of the money owed to investors and send Madoff the bill for the priniting costs.

3. Maybe give him a fine, but no jail since he is exposed and no longer a threat to anyone.

4. Everyone is restored financially and the gov. gets paid for printing more money, which they love to do anyway...so no biggy.

I wouldn't throw him in jail at a cost of 180K a year to the tax payers.

If only we had higher IQs, then we would ignore all these little things.


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[edit on 25-7-2009 by DontTreadOnMe]

I've refered to it as a ponzi scheme multiple times in the past. And to believe, will all the information there is about the FED out publicly, we still have pointless threads like make your argement for why the fed is bad

This forum gets more and more pathetic everyday it seems.

reply to post by jkm1864


Yep thats the way the games played. If you do what the illiminati wants you to do, you get lots of $$$, fancy cars, fancy houses, boats, jets, chipped, political power, banking, fame, etc.
But if you play there game then for some reason get a conscious and say NO to them they out you and your career is OVER.
Some have even lost there lives.
So what does this tell us? Well, you could do the same thing that TPTB are doing to everyone else. There way is "Divide & Conquor". Just look at the news, they do it so well I'm sure anyone really looking can find multiple stories that have the shadowy finger prints of the TPTB.
So we the people, can play there game and Divide & conquor TPTB from within there own ranks. Or we can simply sit back, have a beer watch monday night football and wait to be harvested.

I take the first idea, over the harvesting anyway you slice it.
my 2 cents

Federal Reserve Chairman Ben Barnanke even does not know which foreign banks have been loaned money of Half a billion dollar!! interesting video to watch

www.youtube.com...

reply to post by jkm1864


I don't think there's anything truly wrong with prostitution in theory, isn't it called the worlds oldest profession?

I'm more worried about the illegal human trafficking going on, these are sex slaves drugged up and forced into prostitution to various rich clientele, they are raped as opposed to most hookers who do what they do of their own free will to make some money.

The Fed is indeed a scam as Spitzer states but its a little late for Congress to be awakening to how they've sold our nation to private bankers. Honestly we are all guilty of allowing our nation to be controlled and puppeteered by the Elite, they've done their best to keep us busy and divided and we've done our best to become complacent and willfully ignorant.

Remember Palfrey, "the madam" died for what she knew. She even told her mother that if she was found dead not to believe that she committed suicide. I believe she was murdered. Women don't hang themselves. She was willing to blow the whistle. She made the mistake of going to the media first...

Originally posted by Titen-Sxull
reply to post by jkm1864

 

I don't think there's anything truly wrong with prostitution in theory, isn't it called the worlds oldest profession?

I'm more worried about the illegal human trafficking going on, these are sex slaves drugged up and forced into prostitution to various rich clientele, they are raped as opposed to most hookers who do what they do of their own free will to make some money.

The Fed is indeed a scam as Spitzer states but its a little late for Congress to be awakening to how they've sold our nation to private bankers. Honestly we are all guilty of allowing our nation to be controlled and puppeteered by the Elite, they've done their best to keep us busy and divided and we've done our best to become complacent and willfully ignorant.

Thank you. I get so tired of hearing the blame go on anyone but ourselves. They have their share also, but people forget that the root is what holds up the tree.

Peace

reply to post by Manwin

It's good to see a true bipartisan push.

It's the same team. Imagine a football game. Both sides running up and down the field .. and the point, is to get you into football, when you should be worrying about how your kids are going to feed themselves, after we sell them into slavery.

.... please, forget about partys, concentrate on the issues.

s&f. i just find it interesting that the words "inside job" were used. but good post.