Forum Post: Federal Reserve Banks & Wall Street Schemers ....Fed themselves well by robbing the PEOPLE
Posted 13 years ago on Oct. 10, 2011, 11:16 p.m. EST by FedWallFedWell
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The Federal Reserve Banks manipulated the markets by lowering interest rates to lure people and then raising interest rates 17 times in a row....while Wall Street Schemers repackaged mortgages and double & tripled insured them to collect insurance from AIG when mortgages went into foreclosure. Grow up and get an education yourself.
LOL !
Please go read about "Loose Money" and "Tight Money" in American history. There were once entire political parties devoted to these two monetary policies.
The folks supporting "Loose Money" were the common folks. Under "Loose Money" policy, the currency is inflated so as to make it easier for people in debt to pay off their debts. This "savings" comes at the expense of capital holders who see the value of their money reduced by the injection of "printed money." Obviously, the "Tight Money" policy was and is advocated by the wealthy as it preserves the value of their holdings.
The Federal Reserve is currently printing more money and at a faster pace than ever before in the history of any modern economy. Under "Quantitative Easing," they printed about 1.5 Trillion dollars out of nothing, and their current Discount Window rates are at all time record lows.
If you don't understand how the monetary system works, how on earth can you have an informed opinion? Without informed opinion, how on earth can a Democracy survive ?
Federal Reserve Banks and Wall Street Schemers GAMED the financial system and gouged the PEOPLE. We the PEOPLE demand that they return their robber baron profits to the PEOPLE immediately.