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Bernanke spins more webs

This morning Federal Reserve chairman Helicopter Ben Bernanke testified before the Senate Banking Committee, he sounded another warning that rising prices for energy and food are elevating inflation risks.

But the truth is, the Fed printing [at interest] money to bail out banks such as Fanny Mae and Freddie Mac and Bear Stern not to mention Printing money to fund an un-Constitutional war is the inflation fact.

Inflation has caused the rising prices not the other way around. He should have warned us that inflation has raised the price of energy and food because that would be the truth. Double speaking crook.

I wager some one is already gearing up to buy out Mae and Mac for pennies on the dollar just like J.P. Morgan buying out Stern shortly after we, the taxpayers bailed them out.

AP states, "The two companies hold or guarantee more than $5 trillion in mortgages — almost half of the nation's total. The Bush administration is asking Congress to temporarily increase lines of credit to Fannie and Freddie and to let the government buy their stock. The Fed has offered to let the companies draw emergency loans.

The pledges of aid have raised concerns about the government's role in such financial problems and the risk to taxpayers."

So in other words the Privately owned Federal Reserve has just gained control of over 50% of our nations land through bailing out Mae and Mac. And we see how well they have handled our dollar.

Ted Anderson of Midas Resources, when asked on syndicated radio, "Have you ever seen it this bad?"

"No...never. I have never seen [the economy] this bad. And I started in economics when Carter was in office and inflation was running rampant."

Bob Chapman of The International Forecaster

http://www.theinternationalforecaster.com/

Bob_Chapman also see things coming to a head, "We will feel the whole brunt of this inflation induced Depression within the next 2 1/2 to 3 years."

Though there are some economist stating the truth, the fact still remains covered in the MSM, it's the fall of the dollar through rampant inflation to support a monetary system that's time has come, that has effected us.

Yet our Government is handing these greedy incompetents more power by handing them the housing industry.

People fell for the adjustable rate mortgage to get more worthless Fed notes through over inflated housing worth, now that the market is coming down and those people who invested in an unstable housing market, pulling equity out of a home in hopes of selling it on a Bull market are losing those homes, but that's the market clearing out the unwise investors. That's part of free market.

The real question however, is where has almost all the Middle Classes wealth ended up in times such as these; just as in the Great Depression, because it doesn't disappear it only gets transfered, but where?

Into the coffers of the Huge Bank cartels.

And now the Fed bankers have almost 50% of the American mortgage industry, as if it isn't enough to hold the Monopoly on the dollar...any way the Congress had hearings on just who is in control of the dollar and how to set it's stability on the world market.

Here just watch this clip from the Financial Service Hearings. With a prelude from Ron Paul who asked for these hearings..

The Main Stream Media is backing the play of the Fed with their pom-pom squad of stories but that doesn't surprise me, knowing who owns the MSM.

But the Fed is the problem, they have been the problem, they have caused Depressions and funded both sides of war. Because they print the worlds money...at interest and in war time Nations need to print far more money so they gain huge sums in interest just from printing the money.

It's all tied into the monopoly on money issuance. That's what this nation fought England for, not taxes on tea but because the King wouldn't allow the Colonies to print their own interest free money.

This is the head of the Beast that this nations rouge government has become. Get out of the Fiat currency, get back to sound money, gold and SILVER. Remonetize silver and get our dollar back to the worth it had in the 40's.

Gas was 23 cents in 47, in 47' our quarters were .25 ounce of silver.
Silver is now around $18.97 an ounce around $4.55 Fed notes per .25 ounces.

The same silver quarter from 47' which is 99.999% pure is now worth $4.55 Fed notes in it's weight in silver...around the same as a gallon of gas.

We need to have sound money. The National deficit was only paid off once...and that was by Andrew Jackson and he did it with a currency backed by silver and gold not with a paper Federal Reserve debt generating fiat note that needed legislation passed (such as the IRS act to make us debt enslaved to the Fed for printing OUR money.
Though the 16th Amendment was never ratified by the proper amount of States to make it a law.) to make it have worth.

But this isn't being taught in colleges or university, when you bring up such blatantly documented fact before class or quote magazine articles by those that were there during the Great Depression, Lindburg and McFadden or Wilson's letter you are scoffed at.

It's sad really, we are all feeling the pinch of war spending and this thing is spiraling so fast and out of control that I actually believe that the Banker Cartels are going to even feel this crash. With state elections coming up I think we need to find the candidates that will support sound monetary policies, not just blindly follow the Fed into the bowels of Depression.

It is also possible and lawful for the State to issue it's own money backed by silver and gold. And maybe if the States started to issue real, sound money the Federal Government would follow suit.

We see the crash looming over us.

Government officials, major U.S. Corporations, hell even Carl Rove fled, now he is under indictment. The industrial/military, fiat system is tumbling down yet Bush is still telling the people there is no problem and the economies fine.

What a load of bull. It used to be the Fed would lie and the market would go up for a while but now...the Fed spins it's webs of deceit and no one believes it and the market falls.

And finally it has come to them jumping ship like the rats they are.

This is only the beginning, God forbid we invade Iran, that will be the end of what is left of our global credibility and the few Constitutional rights we have yet to hand over to Big Brother.

spiritsoup's Blog

Bernanke spins more webs

spiritsoup

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