Bloomberg reveals massive corruption in the private Federal Reserve

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Madison Ruppert
Activist Post
Aug 22, 2011

When the mainstream media is reporting stories like this, you know it is so serious that it cannot be ignored, even if they wanted to.

Today Bloomberg has revealed that the “Wall Street Aristocracy” received a staggering $1.2 trillion in loans. Yes, you read that right: $1.2 trillion.

The private Federal Reserve calls these hand-outs to their corporate cronies “emergency loans” but in reality they are nothing more than friends giving friends unfathomable amounts of money in order to “keep the economy from plunging into depression”.

Of course Federal Reserve Chairman Ben Bernanke and Bloomberg opt to characterize the giveaway of public funds as legitimate “unprecedented efforts” to help our withering economy, when this is far from the case as we have seen from the entire “stimulus” package that has just drivenAmerican deeper into the black hole of debt.

If Bernanke actually cared one iota about getting the American economy back on track, he would have given the money to the people of the United States.

This $1.2 trillion would be able to cover almost the entire 6.5 million delinquent and foreclosed mortgages of struggling American citizens. Instead, and not at all surprisingly, Bernanke and the Fed opted instead to give the money to their buddies.

The preponderance of the funds went to Morgan Stanley, who received $107.3 billion. Second was Citigroup, receiving $99.5 billion, and third was Bank of America who received $91.4 billion, according to information obtained via FOIA requests, months of litigation, and an act of Congress on behalf of Bloomberg.

Nearly half of the Federal Reserve’s top 30 borrowers as measured by peak balances were not American. A disturbing amount of money, which was given with American citizens as collateral, went directly to offshore European banks.

The Royal Bank of Scotland in Edinburgh received $84.5 billion, UBS AG out of Zurich got $77.2 billion, German Hypo Real Estate Holding AG received $28.7 billion. Bloomberg reports that this equals an average of $21 million for every single one of Hypo Real Estate Holding’s 1,366 employees.

Bloomberg reveals a quite disturbing reality in the following paragraph:

The $1.2 trillion peak on Dec. 5, 2008 — the combined outstanding balance under the seven programs tallied by Bloomberg — was almost three times the size of the U.S. federal budget deficit that year and more than the total earnings of all federally insured banks in the U.S. for the decade through 2010, according to data compiled by Bloomberg.

This proves beyond a shadow of a doubt that the Federal Reserve is indeed working against the American people. They are deliberately destroying the value of the dollar, giving out free money to their cronies to the detriment of the American economy, and to make matters worse, they arepromising to continue these practices.

One must remember, the recent audit of the Federal Reserve turned up a mind-blowing $16 trillion in emergency loans, which banks will pay back by borrowing from the treasury, continuing the vicious cycle that has brought us to where we are today.

Furthermore, recently the former Chairman of the Federal Reserve Alan Greenspan revealed the rationale behind this type of operation by saying that we would never default since we can just print more money.

These corrupt bankers think that they can continue blowing up the bubble ad infinitum. Unfortunately, that is just not the case and eventually this enormous financial bubble will pop, completely diminishing the value of the dollar and the stability (or lack thereof) of the American economy with it.

The article published by Bloomberg is a must read. While it is long, you would be doing yourself a disservice not to check it out here.

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6 Responses to “Bloomberg reveals massive corruption in the private Federal Reserve”

  1. Of course they are corrupt! Lincoln was assassinated, with the planning by Pike, for advocating a monetary system that was antithetical to our nation’s interest. Look to all the assassinated Presdients. The same rule applies. Obama will NEVER go against the Fed for that simple reason. The news will now because they are at risk with their savings. They know the system is a time bomb. They want the ticking to stop before they have to work until they are in their 80s. By the way, a lot of these companies have mandatory retirement ages, that are specified in their employment contracts. These individuals already know they are out the door by 62…SS age. They know the FED has collapsed the economy and are fretting about themselves. This was all foretold when Nixon ended the final remnant of a gold standard. The IMF is at the door, the FED is positioning themselves for the transition to a world based reserve currency, and you and I have no say in anything. Thank God these people are at risk. If they were’t they would have never said anything. They will all show-up at a bank one day and be told, “Sorry. You got to the bank too late. Average Americans took out what cash remained while you were pontificating on TV and they invested in food. Go see one of them for a can of corn, it will cost you about $10.00.” By the way, start paying in cash at the supermarkets. Our nation has an anti-hoarding law and our purchases are tracked through discount cards and payments with plastic.

  2. Note: Lincoln as Kennedy advocated for our currency to be controlled by our nation. They opposed anyone/institution running the nation. This the common thread in the political philosophies of every US President who was assassinated. To state you want the end of the FED is a death sentence. I truly fear for Congressman Paul. What he is saying is truth and makes him at risk. He is truly heroic.

  3. what do you expect from such scumfuck monsters solutions ….how delusional is that ….these are murdering scumfuck war monger control freaks that want everything in there hands period there no freedoom in there system ….what a sick joke that these scumfucks exist in america counter to everything america stood for once upon a time …..there disgusting dollar and its debt imposed on america is there debt period not mine or any other american what a scam the federal reserve is and this puppet gov that caters to them ….totaly unamerican BS and just plain crime against the people period

  4. Bloomberg reveals massive corruption in the private Federal Reserve

    No shit. How many of these bastards would be “sounding off” had R. Paul not come out and stated this? Probably none. They are hitching their wagons to the “raising star” of R. Paul. Why is Bloomberg just now stating this? He knows and has known all about the corruption in Fed and has for many years. So, why now?

    Its called bullshit, folks. Bloomberg is NWO. This is theatrical stage play for him. Nothing else.


  5. Royal Bank of Scotland in Edinburgh received $84.5 billion

    Well, around 9 million of that went on converting a golf course into their new corporate headquarters. They got a planning permission exception from green belt status on that area. They wanted to buy the adjacent golf course for the exclusive use of their directors.

    Every April, local house prices “jump” by 10% as RBoS employees get their pay rises (as well as discounted mortgages).

  6. “…this equals an average of $21 million for every single one of Hypo Real Estate Holding’s 1,366 employees.”

    Man, even holding $21 million for one day, I’d go for that! Got to be worth $583.00 at 1% for one day.

    So basically behind the fancy $21 million was a give-away of $583.00 every day.
    Don’t let them raise your taxes, which is coming!!! Look how irresponsible they are!

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