The police, the DA, the military and the politicians belong to them. Until we get ONE-TERM MANDATES, there is nothing we can do. My dream is to move to a lawless area, far away from politicians and die young for lack of medical care.

"History weighs upon the mind of the living like a nightmare."
-K.M.

I am an economist by training. I was taught in school that in capitalism when you invest you can lose your ass. If you do, tough titty right? Besides, "free market" economists tell us, everyone in the market has "perfect information", so no need to worry. Like usual, that isn't the reality. If big banks lose they pass the costs onto the public. When Mexico's economy collapsed in the 1990's the banks weren't allowed to lose their ass. The debt that they owed wasn't allowed to deflate, it was inflated by international lending and the government in Mexico (i.e. the people) footed the bill. When the East Asian Financial Crisis hit it was up to the people of South Korea and Thailand, amongst other countries, to make sure the same happened. It has happened again and again, more frequently, each time bigger than the previous crisis. In the future finance will be too big for the governments to do a damn thing about.

It's shocking, even though I knew it was the case, that the Fed here is protecting international financial capital. Yes, they traded in financial instruments to the Fed. The Fed bought garbage and gave people dollars in exchange, who turned around (thanks to the "carry trade") and exchanged some of those dollars in for currencies promising higher interest rates. The Fed tells the public that these debt instruments are worth more than the market is currently pricing them at, so no need to worry. Of course banks made huge profits from this, they pushed off their junk onto the taxpayers and have seen the rest of the debt they owe inflated more than it would be otherwise.

No investment in the real economy in the US, no u turn on the financialization of the economic system, no thinking of using the US government to step in and directly lend without the parasitic banks as middle men.

It's our fault anyway. You don't fight this with e mails and voting every few years. You get out in the streets, get active, educate others on the issues and provide alternatives. There are alternatives, but few, even on the left, know about or teach others about those alternatives. If that doesn't emerge, mass social movements pushing from bellow, we're done. Argentina told the IMF to fuck off earlier this decade and was better off for it. That wouldn't have happened without social movements, factory takeovers (and "horizontalism") and people raising hell. We don't have that.

They need to be run out of town. Obama should step down. He is a disaster for our country. Sorry.. you can't have a public option....sorry, you can't have lower drug prices... sorry about all those civilian bodies lying in the dust.. sorry, we need to take your social security away from you.. sorry, we need industrial education to supply our military with new recruits.. sorry.. we need to tax your pensions.. sorry, you are all terrorists now.... we prohibit you from knowledge of Wikileaks......we demand you purchase health insurance.. we want you to work until you drop dead... you don't deserve your tax dollar... or good government!

F them.

This is real war.

Huntz, you're right.

The major US banks sold the European banks crap. The European banks demanded their money back, which the Fed gave them.

The major US bank also bought this crap product of mortgage backed securities and the Fed bought those back because the US banks would fail with this crap on their books.

Where did the Fed get the money? They created it out of thin air on the their computer screens.

It's got to cost someone something, who is holding the bag? The America people are paying for this Fed action through a devaluation of the US dollar. And the fact that China has stopped buying US treasuries.

What's the impact? Food, energy and construction prices will skyrocket for Americans in the coming years.

Quite correct. Indeed while this might appear a "Bailout of foreign banks" this was in fact a bailout of the US Financial system.

The Foreign banks were readying a number of Court Cases to demonstrate massive fraud on the part of the US Financial Industry. Unlike a Citizens group attempting the same, The Foreign banks have bottomless pockets and could have pursued court cases in virtually every jurisdiction in the world.

If this had all come to trial the con that is the Wall Street would have been exposed for what it is.

This the REAL reason these Major Banks in the US were not allowed to fail. Had they done so Investors would have sued. Ratings agencies woudl have been sued. Investment Companies would have been sued. Individuals would have been sued. The US Government would have been sued.

All the dirty goings on risked being exposed in the Courts. The bailout was a coverup as much as it was a Financial bailout.

Perhaps you can provide a quote from the Protocols of the Elders of Zion to back up your statement about Jewish Cabals.

Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of Berlin, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Banks of Italy, Goldman-Sachs of New York, Warburg Bank of Amsterdam, Chase Manhattan Bank of New York.

These bankers are connected to LONDON Banking Houses which ultimately control the FED.

Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.

As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

--------------------

The above was taken directly from the Fed's site:

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5

I am fascinated and more than a little disturbed that we cannot have a discussion of the Fed without the ghost of European fascism poking its head in after 65 odd years.

Perhaps it is more than a ghost. I find the same troubles in discussions of any article that questions American-Israeli policies. Almost any post critical of the Israelis, on whatever basis, gets dismissed as anti-semitic. And then there are many posts that accuse the Israelis of having all kinds of extensive controls over American politics, as if by some dark magic associated with Jewish cleverness.

What does it matter that all or part of some financial organisation that may have ties to the Fed might be all or partly owned by people who might be all or partly Jewish?

Yes, the names of the owners, by all means! Full transparency and public ownership as well! But is the point of interest really to what extent the cabal does or does not happen to be Jewish? Would an Irish cabal be significantly different? Is there not the slightest hint of a possibility that the cabal would consist of extremely wealthy Americans and Europeans, with an occasional outlying provincial?

Are Americans and Europeans more convinced that such a group would serve their interests?

I extend this to the discussion of Eustace Mullins elsewhere in these posts. Mullins may (or may not) have had something to say about the Fed, but I would certainly want to see any of it vetted before I paid it much attention. After all, this is a man who published wild tales of Jewish people drinking the blood of children and who saw an antisemite like Franklin Roosevelt as a Jewish pawn.

The serfs did not seem to realize that the lords produced nothing and could not survive without their contributions. I always wondered why the serfs put up with it. Now I know.

Joe

There is no more America boys and girls. You buy Chinese junk at a retailer bigger than all but 5 countries, eat poisoned food from Monsanto (probably Israeli owned), drink yourself into a stupor with the laws blessing, wave your flag at slimey moose fuckers, actually shop on black friday, but didn't give one red cent to the bell ringers who themselves are unemployed.
I'm surprised there's anyone chatting about this article...oh, 17 so far out of some 200,000 plus...what a pathetic lot we are.

Immortal Technique FTW