Federal Reserve Engages In Treason As It Hands Over Monetary Control To Private Banks

The criminal Federal Reserve bank of crooks has decided to hand over control of the monetary system to private commercial banks as it prepares to totally implode the dollar in a final grand finale of looting.

To summarize the ZH article below, basically the Fed is asking the commercial banks how much free money they want. The Fed is planning on printing trillions upon trillions of dollars by buying up all sorts of debt through the use of the printing press.

The banks get to hand off their bad bets to the Fed and get real dollars in return. The Fed itself gets the money to buy this bad debt by simply running a printing press. No real productive wealth is created in this process. The Fed is going to keep the commercial banks in business by buying everything on the market.

There is absolutely NO free market left on Wall Street. The entire market is nothing more than people selling private debt to the federal government. This of course means the Wall Street fat cats get rich while the rest of the nation has to pay off the bad debt through the tax system.

This is yet another of the largest wealth transfers to the ruling class in the history of the world. This truly is nothing short of treason. This is tantamount to engaging in financial warfare against the public.

The Fed is literally trying to kill you by making your money so worthless that you will not be able to feed and house yourself.

Zero Hedge reports:

As if there was any doubt before which way the arrow of control, and particularly causality, points in America’s financial system, the following stunner just released from Bloomberg confirms it once and for all. According to Rebecca Christie and Craig Torres, the New York Fed has issued a survey to Primary Dealers, which asks for suggestions on the size of QE2 as well as the time over which it would be completed. It also asks firms how often they anticipate the Fed will re-evaluate the program, and to estimate its ultimate size.

This is nothing short of a stunning indication of three things:

i) that the Fed is most likely completely paralyzed due to the escalating confrontation between the Hawks and the Doves, and that not even Bernanke believes has has sufficient clout to prevent what Time magazine has dubbed a potential opening salvo into a chain of events that could lead to civil war: in effect Bernanke will use the PD’s decision as a trump card to the Hawks and say the market will plunge unless at least this much money is printed,

ii) that the Fed is effectively asking the Primary Dealers to act as underwriters on whatever announcement the Fed will come up with, and thus prop the market, and, most importantly,

iii) that the PDs will most likely demand the highest possible amount, using Goldman’s $2-4 trillion as a benchmark, and not only frontrun the ultimate issuance knowing full well what the syndicate of 18 will decide in advance of what the final amount will be, but will also ramp stocks on November 3 to make the actual QE announcement seem like a surprise.

This also means that the Primary Dealers of America, which include among them such hedge funds as Goldman Sachs, such mortgage frauds as Bank of America, such insolvent foreign banks as Deutsche, RBS, UBS and RBS, and such middle-market excuses for banks as Jefferies, are now in control of US monetary, and as we explain below fiscal, policy.

I always believed the Fed should buy all the debt outstanding and then the Congress should abolish them and all the debt along with them. That would mean printing money hand over fist but if it was accompanied by a large reduction in permissable leverage then it would not neccesarily be all that inflationary. The economy would need much more money in it if financial leverage was reduced to say 3 to 1 or something along those lines. It would allow America to hit the reset button and put this mess behind us. We would still have all the Treasuries to pay off but a revitalized America woud mean a huge boost in tax collected so we could probably handle this. .

Originally posted by sligtlyskeptical
I always believed the Fed should buy all the debt outstanding and then the Congress should abolish them and all the debt along with them. That would mean printing money hand over fist but if it was accompanied by a large reduction in permissable leverage then it would not neccesarily be all that inflationary. The economy would need much more money in it if financial leverage was reduced to say 3 to 1 or something along those lines. It would allow America to hit the reset button and put this mess behind us. We would still have all the Treasuries to pay off but a revitalized America woud mean a huge boost in tax collected so we could probably handle this. .

That sounds utterly ridiculous.

Why in the hell should the banks get to stay in business after they have looted the public dry?

If you were a doughnut shop owner and you consistently made bad business decisions, should the Fed come and buy all of your bad debt at full price?

Is it fair to your competitors who made good business decisions that the Fed should prop up your doughnut shop?

Smoke and mirrors.

The Fed is not run by the government period, it was always privately run, with congressional oversight.

The FR has always been run by private bankers worldwide, they never hid this when they formed in 1913.

It's not treason if they are not part of the government or never were.

Here is a couple of links for you. Cheers!


Federal Reserve Information

The FEDERAL RESERVE is a PRIVATE BANK..!!!!
Line 2

Originally posted by Realtruth
Smoke and mirrors.

The Fed is not run by the government period, it was always privately run, with congressional oversight.

Thank you for pointing out the truth of the matter. The "Federal Reserve" is just as federal as "Federal Express".

Anyone who wishes to challenge the fact that it is a private bank can call any federal reserve branch and ask them to tell you the 2009-2010 M3 money supply number.

Originally posted by mnemeth1

Originally posted by sligtlyskeptical
I always believed the Fed should buy all the debt outstanding and then the Congress should abolish them and all the debt along with them. That would mean printing money hand over fist but if it was accompanied by a large reduction in permissable leverage then it would not neccesarily be all that inflationary. The economy would need much more money in it if financial leverage was reduced to say 3 to 1 or something along those lines. It would allow America to hit the reset button and put this mess behind us. We would still have all the Treasuries to pay off but a revitalized America woud mean a huge boost in tax collected so we could probably handle this. .

That sounds utterly ridiculous.

Why in the hell should the banks get to stay in business after they have looted the public dry?

If you were a doughnut shop owner and you consistently made bad business decisions, should the Fed come and buy all of your bad debt at full price?

Is it fair to your competitors who made good business decisions that the Fed should prop up your doughnut shop?

I don't really care if the banks get to survive or not. However we will continue to need institutions in which we can save our money and get loans when we need them. If it's not the current banks,it will be some other banks. The point is that by saving the banks we can also save the people and save huge amounts of pain in the process. It doe sour country zero good to let both the banks and the people fail when the correct solution can provide assistance to both. Why cut off your arm to save your hand?

reply to post by sligtlyskeptical


You have to cut dead tissue away or the whole body dies. How long you wait to address the issue depends on how much you're going to have to lop off.

The idea that allowing some banks to fail would be a catastrophic nightmare is BS that TPTB feed you. Other banks who didn't make such risky decisions and were on the up and up would swiftly come in and cannibalize the failed banks. Your money is protected up to a point by the FDIC. If you have more in one account than they insure, you're a fool anyways and deserve to be departed with your money.

I can't wait for the day when it all comes tumbling down, unless it involves the IMF. If that happens I might have some purple Kool-Aid.

Originally posted by sligtlyskeptical
Why cut off your arm to save your hand?

If that hand is choking the life out of the body then it needs chopping off.

I wonder how much actual wealth the Federal Reserve has plundered from the Nation over the last 87 years - $30, $40, $50 Trillion or so?
No wonder they can get away with anything they want.
Welcome to Babylon, the great whore

Originally posted by Asktheanimals

Originally posted by sligtlyskeptical
Why cut off your arm to save your hand?

If that hand is choking the life out of the body then it needs chopping off.

I wonder how much actual wealth the Federal Reserve has plundered from the Nation over the last 87 years - $30, $40, $50 Trillion or so?
No wonder they can get away with anything they want.
Welcome to Babylon, the great whore

I agree completely.

There is no such thing as "too big to fail"

The banks should be forced into bankruptcy and all of that bad debt should be liquidated instead of shoved on to the tax payer.

Then the fed should be destroyed and new banks should be established that sit on their on bottom instead of allowing this insane cartel to continue.

reply to post by mnemeth1

Congress commited treason when they handed over all the finances of this nation to the private bank known as the Federal Reserve, of Federal bank. Which in turn has been activily involved in driving small banks out of business. What we are seeing now is layers of treason with the consolidation of money & power in the hands of the chosen..