Like a rabid spiderthe Federal Reserve has trapped the economy in its secretive web of deceit and manipulation. The only way to eliminatethe Fed,or what EliotSpitzer calls 'America's biggest Ponzi scheme', isthrough transparency andCongressional oversight: Allen L Roland
The Federal Reserve is the least trusted of all government-related agencies, a new Gallup poll finds. Only 30 percent of those polled said the Fed was doing a "good" or "excellent" job, leaving it at the bottom of a list of nine agencies included in the poll. Thisis for good reason ~ the secretive Fed exists only to serveWall Street's banking elite while Main Street is continually bound and blinded by its policies.
On Wednesday, Fed chair Ben Bernanke told the Senate Banking Committeethat it "may be appropriate" for the government to guarantee the "mountains" of commercial real estate mortgage defaults the banks will likely be facing in the coming months~ and the scam goes on !
In a discussion of theFed and bank bailouts on MSNBC's Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt (trash) for cash that it then gave to the struggling banks ~ and heuseda simple game to illustrate this ponzi scheme. Eliot Spitzer, who built a reputation as "the Sheriff of Wall Street" as New York'sattorney-generaland former Governorseemed to agree with Ratigan that the bank bailout amounts to "America's greatest theft and cover-up ever."Eight minute Videohttp://dailybail.com/home/eliot-spitzer-the-federal-reserve-is-a-ponzi-scheme-inside-t.html
We've been had,or stung, by the fed spider,folks ~ so let's take to the streets, make some noise, demand Wall Street and Fed reform ~ and get a lot of politicians nervous.
Remember, there's a mid-term election next year.
