February 3, 2009
It turns out the bankers are not finished looting the American tax payer. As the American News Project video posted below reveals, the Federal Reserve has doled out around $2 trillion to unknown suspects behind our backs, described as a “staggering, enormous, unprecedented sum of money.” Of course, we have a pretty good idea who the recipients are, never mind all the secrecy — the international bankers, the same people who took more than $8.5 trillion under threat last year from your children and grand-children.
|Alan Grayson, Democratic Congressman in Florida’s 8th congressional district.|
If not for freshman Congressman Alan Grayson of Florida, you might not be any wiser about this latest scam. In the video, Grayson grills Fed vice-boss Donald Kohn over the “lending” of an addition $2 trillion to unspecified “institutions,” a highly unusual situation because our congress critters rarely — with the notable exception of Rep. Ron Paul — take on bankster operatives at the Fed or the Treasury. “I guess I haven’t got the memo on questions not to ask and people not to question closely,” Grayson told the American News Project. In fact, Congress has no oversight of the private banker held Federal Reserve.
Donald Kohn admits during testimony why the Fed keeps its transactions secret. “I’d be very concerned, Congressman, that if we published the individual names of who was borrowing from us, no one would borrow from us. The purpose of our borrowing is not to support individual institutions but the credit markets.” In other words, the international bankers making oodles of ill-gained profit from the Fed’s out-of-thin-air funny money don’t want the people to know who they are. Criminals dread the light of day.
Kohn understands well enough the real purpose of this “lending” to the credit markets — to further indebt the nation to the bankers. The international banking cartel are the underwriters of the U.S. public debt. “The bailout is conducive to the consolidation and centralization of banking power, which in turn backlashes on real economic activity, leading to a string of bankruptcies and mass unemployment,” writes economist Michel Chossudovsky. “The ‘bailout’ proposed by the US Treasury does not constitute a ‘solution’ to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations.”
It also turns us into debt slaves. In this regard, it is worth repeating Thomas Jefferson’s warning, written in a letter to the Secretary of the Treasury Albert Gallatin in 1802:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Watch the video: