The Federal government at its current pace is spending $3549 billion dollars per year–about $25,700 per taxpayer. The people who are having such great amounts of money taken from them occasionally get the pesky urge to know what that money is being spent on.
In this case, some of their questions concern the 2008 economic crisis. When our banking institutions went into the dip that inevitably characterizes sustained inflationary policies, the government decided to use taxpayer money to finance lending to private institutions.
So now the federal reserve, our central banking institution, is being required to release its records of what private institutions it handed our people’s cash to in 2008. Our nation’s government-backed bank cartel, which has benefited so much from easy and confidential access to our money from the Fed, is naturally opposed to the release of records.
The release of Fed records could be used to more clearly show Americans how their money is being used for the benefit of massive private institutions to their own detriment. The bank cartel is afraid of what would happen if the American people understood what was going on with banking–the incredible insecurity forced upon the American people by it. Henry Ford, long ago, knew how badly the financially-ignorant American people have been scammed by this corrupt bank system:
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford.
Similarly telling is what the joint spokesman for the bank cartel’s interests has said:
“Our member banks are very concerned about real-time disclosure of information that could cause a run on the banks . . .”
The fear of bank runs is a legitimate one because our government’s banking structure keeps our entire banking system essentially bankrupt at all times. The answer to our troubles, however, isn’t to keep our eyes shut as our money is handed about secretly.
A better idea is to open up the information and then let the discussion about what to do next be carried out in the open. That’s how that whole democracy thing was s’posta work, right?
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on the fed and full disclosure
The Federal government at its current pace is spending $3549 billion dollars per year–about $25,700 per taxpayer. The people who are having such great amounts of money taken from them occasionally get the pesky urge to know what that money is being spent on.
In this case, some of their questions concern the 2008 economic crisis. When our banking institutions went into the dip that inevitably characterizes sustained inflationary policies, the government decided to use taxpayer money to finance lending to private institutions.
So now the federal reserve, our central banking institution, is being required to release its records of what private institutions it handed our people’s cash to in 2008. Our nation’s government-backed bank cartel, which has benefited so much from easy and confidential access to our money from the Fed, is naturally opposed to the release of records.
The release of Fed records could be used to more clearly show Americans how their money is being used for the benefit of massive private institutions to their own detriment. The bank cartel is afraid of what would happen if the American people understood what was going on with banking–the incredible insecurity forced upon the American people by it. Henry Ford, long ago, knew how badly the financially-ignorant American people have been scammed by this corrupt bank system:
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford.
Similarly telling is what the joint spokesman for the bank cartel’s interests has said:
“Our member banks are very concerned about real-time disclosure of information that could cause a run on the banks . . .”
The fear of bank runs is a legitimate one because our government’s banking structure keeps our entire banking system essentially bankrupt at all times. The answer to our troubles, however, isn’t to keep our eyes shut as our money is handed about secretly.
A better idea is to open up the information and then let the discussion about what to do next be carried out in the open. That’s how that whole democracy thing was s’posta work, right?
Related Posts: