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Forum Post: Wake up America !!! - Central Bank Liquidity Swaps ??? - We are being robbed!!!

Posted 12 years ago on Dec. 6, 2011, 9:07 p.m. EST by KVNLGN (154)
This content is user submitted and not an official statement

http://www.youtube.com/watch?v=uGs_Qn5yEgs&NR=1&feature=endscreen

Half a trillion dollars are lent our and Bernanke doesn't know where it went...? Listen to his voice quivering... The Federal Reserve Act section 14....? What the hell is that ?

These same liquidity swaps were lent out to central banks last week.... Are we, as a country, really this brain-dead that we allow this kind of ineptitude to exist at the top of the food chain? They like to explain things using complicated, confusing and unfamiliar language. It is an absolute joke, WAKE UP AMERICA !

6 Comments

6 Comments


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[-] 1 points by BofL (434) 12 years ago

Thanks kevn excellent work. Keep it coming!

[-] 0 points by economicallydiscardedcitizen (761) 12 years ago

Lengthy and what caught my eye was the last update at the bottom noted as Aughust 13, 2008, the same month my company, a real estate and mortgage banker/brokerage closed: The Federal Reserve Act section 14 http://www.federalreserve.gov/aboutthefed/section14.htm

..."Federal Reserve Act Section 14. Open Market Operations Purchase and Sale of Cable Transfers, Bank Acceptances and Bills of Exchange Any Federal reserve bank may, under rules and regulations prescribed by the Board of Governors of the Federal Reserve System, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers' acceptances and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, with or without the indorsement of a member bank. [12 USC 353. Part of original Federal Reserve Act; not amended.]"

[-] 1 points by owsleader2011 (304) 12 years ago

What your forgetting here is that when this was done and now, that Goldman Sachs is now running our Government. What Government Sach's wants it gets, all the money was used to fund foreign banks that had they collapsed they wouldn't have been able to make good on Goldman-Sachs debt, which meant of course that GS would have bankrupted.

It's impossible to bankrupt the US government as we all know, they can print unlimited money the WORLD will always accept, but we can't let Goldman Safchs fail, because they're the people who elect and pay for our politicians to get elected. Like OREO-OBAMA he got most of his money from his boyfriends at GS, and he''ll continue in the future;.

For as long as the FED-RES can print money, this money will be used to bailout Goldman-Sachs,there is no higher god on the planet.

[-] 2 points by KVNLGN (154) 12 years ago

same reason AIG got bailed out and, in turn, other counter parties. Counter parties being Government Sucks...

[-] 1 points by economicallydiscardedcitizen (761) 12 years ago

I'm plenty aware of the Wizard's behind the curtain of the Fed and our government and thanks for posting your comments so others can learn from it.