Forum Post: Federal Reserve BANK caused the GREAT DEPRESSION and this the GREAT RECESSION by increasing interest rates when it served their greed ('03-'06) and not the best interest of the country,economy or the people because it pushed millions in to foreclosure
Posted 12 years ago on Oct. 23, 2011, 7:04 p.m. EST by FedWallFedWellFedUP
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Federal Reserve BANK caused the GREAT DEPRESSION and this the GREAT RECESSION and DEPRESSION by increasing the interest rates when it served their greed ('03 -'06) and not in the best interest of the economy or the people because it pushed millions in to foreclosure. WHY do this? See Ben Bernanke's 2003 speech on the internet detailing how the FEDERAL RESERVE caused the DEPRESSION then made it worse.
Hey FedWallFedWellFedUp...you will enjoy this if you haven't seen it already. http://youtu.be/PTUY16CkS-k
Why are we not filing for a class action law suit?
So why are we not investigating the once responsible?
"People counter with suck it up" ?? since I joined this movement and started following these forums and threads I am in utter disbelief at how many ignorant people are out here posting comments like that. All I have to say to them is lay down the remote and step away from the TV.
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htm
another link you will find interesting ... Bernanke's speech to FRB in 2003 telling how scholars prove that the Federal Reserve caused the Great Depression then made it worse.
One of the few post on here where someone knows what they are talking about and only 2 post. What does that tell us?
I've been posting all week....talking about the Federal Reserve (not in a Ron Paul way) but in the way they raised interest rates 17 times in 03 to 06 after creating a bubble for Bush -- very self serving for the Banks...not the Country, the Economy or the PEOPLE. Alot of people counter with well suck it up, they did the right thing, how come these others did not...is insane! We all got hurt by this...our REAL ESTATE market has been bombed, our job market and more.
Then WALL ST. schemers packaged TOXIC mortgages they knew would fail then sold them to investors then bet against them...making money every step of the way.
The Federal Reserve Bank is a private banking corporation