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Forum Post: Is this Occupy Wall Street or Give More Money to Wall Street?

Posted 2 years ago on Sept. 24, 2012, 11:26 a.m. EST by TrevorMnemonic (5827)
This content is user submitted and not an official statement

There is a large group on this site that continues to suggest that TARP bailouts, the Federal Reserve, and overall giving money to banks is a good thing and somehow benefits the people and solves all the problems.

What the fuck?

Why aren't we directly lending people money at .01 percent interest instead of just the banks? Why do we continue to support a monetary system that gives unlimited resources to the banks and even fraudulent banks yet nothing for the people?

Is this Occupy Wall Street or give more money to Wall Street?

The Federal Reserve creates money out of nothing... gives it to the banks... the banks keep it on deposit... gain interest... pays huge CEO bonuses... fat cat city... all while the rest of America falls apart.

It's time for a change in monetary policy. We need a system that works for the 99% and not just the 1% that allow the banks to decide our economic destiny.

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[-] 1 points by TrevorMnemonic (5827) 2 years ago

"The Federal Reserve creates money out of nothing... gives it to the banks... the banks keep it on deposit... gain interest... pays huge CEO bonuses... fat cat city... all while the rest of America falls apart."

There is so much truth in this quote alone yet so many will choose to ignore it.

[-] 1 points by hchc (3297) from Tampa, FL 2 years ago

Dont forget they buy the t bonds from Goldman Sachs, not directly from the Treasury.