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Where Did the Fed's Bailout Money Really Go? Chart Shows Illegal
Money Trail
Mike Adams
Natural
News
Monday, Dec 01, 2008
The U.S. government financial bailout effort has
reached a mind-blowing $8.5 trillion. But where did all this money
go, exactly?
A chart at SFGate.com tracks the bailout expenditures, revealing
some disturbing facts about the failure of the bailout to solve
the lending liquidity problem. For example, the Federal Reserve
has already created and dumped $2.1 trillion into the money supply,
and it has pledged to create another $3.4 trillion.
And yet, despite these astonishing numbers, the liquidity crisis
remains as bad as ever. Even worse, the very idea of rescuing
bad debt by creating yet more bad debt (which is what the Fed
is doing) seems outrageously stupid to begin with. The Fed is
only setting us up for even greater financial problems down the
road.
(ARTICLE CONTINUES BELOW)
The SFGate.com chart has one major mistake, however: It implies
the Federal Reserve is part of the U.S. government. As the better-informed
readers across the internet already know, the Fed is, in fact,
a private bank owned by a handful of wealthy individuals who aren't
even Americans! It is not a department of the U.S. government,
nor does it answer to U.S. law. It is, in a very real sense, a
money supply dictatorship that has stolen trillions of dollars
worth of purchasing power from U.S. taxpayers in order to bail
out the rich bankster friends of Treasury Secretary Henry Paulson.
There is no accounting of these funds, and Congress never approved
the $5.5 trillion pledged by the Fed, which ultimately comes out
of the pockets of taxpayers and consumers due to the money supply
inflationary effects.
That's why there's a growing backlash against the Federal Reserve.
Websites such as www.EndTheFed.us are cropping up on the 'net,
and YouTube videos are revealing the shocking truth about the
Fed: www.youtube.com/watch?v=3qsJjTaekA8
The Fed is literally destroying the U.S. money supply; destroying
your savings and destroying your economic future. Stopping the
Fed's runaway creation of fiat money should be the No. 1 priority
of U.S. citizens, but for reasons I've described elsewhere, most
U.S. citizens are too brainwashed, dumbed-down and gullible to
believe they're being royally ripped off by an unprecedented fraud
masterminded by a privately-owned bank called the Federal Reserve.
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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