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The U.S. Federal Reserve is getting ready to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term "bailout" and the American people are going to get a lot less upset about it. You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks. So this time, the financial "powers that be" have figured out a way around that. Instead of going through the massive headache of dealing with the U.S. Congress, the Federal Reserve is simply going to print money and give it directly to the banks. To be more precise, the Federal Reserve is going to use a procedure known as "quantitative easing" to print money out of thin air in order to purchase large quantities of "troubled assets" (such as mortgage-backed securities) from the biggest U.S. banks at well above market price. Some are already openly wondering if this next round of quantitative easing is going to be the biggest bank robbery in history. Most Americans won't understand these "backdoor bailouts" well enough to get upset about them, but that doesn't mean that they won't be just as bad (or even worse) than the last round of bailouts. In the end, all of the inflation that this new round of quantitative easing is going to cause is going to be a "hidden tax" on all of us.
These new backdoor bailouts are going to work something like this....
Originally posted by oozyism
reply to post by The Reader
I feel sorry for Americans, at least people are talking about revolution now..
That is great.
I'm sure the protests against the elite will hit the streets soon.
Millions protested against the elites already in Europe,
you are more powerful than the government, don't forget, and stop falling for representative crap, that is how they control you using one person.
Originally posted by oozyism
reply to post by justadood
No, your entire system should be scrapped for justice.
Second line.
Originally posted by oozyism
reply to post by justadood
No, your entire system should be scrapped for justice.
Second line.