Monday, November 28, 2011

Banker Jekyll Will Hyde Your Money - 9

For several years Dredd Blog has been doing posts which assert that monies are plundered from the people's treasury.

Then those monies are distributed around the world as a type of subversive invasion of the United States of America (pirate style).

The first episode was Banker Jekyll Will Hyde Your Money (8/30/09), and the most recent episode was Banker Jekyll Will Hyde Your Money - 8 (8/31/2011).

We just found out how accurate that series was when something we did not know recently surfaced:
The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

“TARP at least had some strings attached,” says Brad Miller, a North Carolina Democrat on the House Financial Services Committee, referring to the program’s executive-pay ceiling. “With the Fed programs, there was nothing.”
(Bloomberg, emphasis added). The Fed is the head of Banker Jekyll, but the rest of the banksters are like Agent Smith in the movie The Matrix:
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
(NPR, emphasis added, cf. The Week, WS Bailout, Seattle Times). It almost seems like the United States has been invaded for its booty, leaving the people with an IOU in the treasury vaults where their money used to be.

The only thing we don't know is how much of the plunder the 1% have covered up, by declaring that that information is a state secret.

Like Dredd Blog has said for years now: Add It Up and It Smells (4/27/2009), Add It Up and It Smells - 2 (9/6/2010).

The next post in this series is here, the previous post is here.

Wake up and smell the roses:

1 comment:

  1. Sounds like a conspiracy theory.

    What are they going to say next, that Paulson was helping out? link