Welcome login | signup
Language en es fr
OccupyForum

Forum Post: A private group of BANKSTERS that we call THE FEDERAL RESERVE caused this GREAT RECESSION driven by GREED to raise interest rates 17x in '03-06 for their profit and not in the best interest of the Country, People or the Economy

Posted 2 years ago on Oct. 23, 2011, 7:41 p.m. EST by FedWallFedWellFedUP (183)
This content is user submitted and not an official statement

A private group of BANKSTERS that we call THE FEDERAL RESERVE caused this GREAT RECESSION driven by GREED to raise interest rates 17x in '03-06 for their profit and not in the best interest of the Country, People or the Economy -- Bernanke says they also caused The Great Depression then made it worse in a 2003 speech to the FRB! http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htm

4 Comments

4 Comments


Read the Rules
[-] 1 points by sickmint79 (516) from Grayslake, IL 2 years ago

this is completely backwards, in particular the low rates created the bubble and misallocated wealth via the bubble.

[-] 1 points by suzencr (102) 2 years ago

Yes, have to be like a broken record, I keep sending the message out and hope it will stick. We are a crucial crossroads, either we focus in on repealing the Federal Reserve Act, thereby cutting off the bankers from their endless supply of free debt money and governmental control, it's end game and we lose.

[-] 1 points by suzencr (102) 2 years ago

Yes it is true, watch these two videos, they explain the scam very well:

http://www.youtube.com/watch?v=gV9A2IGShuk

http://www.youtube.com/watch?v=G9IH-XKQpOI

If people understood where the rot stemmed from, they would not be wasting time on peripheral issues.

[-] 1 points by FedWallFedWellFedUP (183) 2 years ago

agree...we need to repeat this over and over....til it sinks in