Saturday, July 25, 2009

Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

By Daniel Tencer Published: July 25, 2009
From the

The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.
In a wide-ranging discussion of the 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 for cash that it gave to the struggling banks.
Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”
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I have said and made the point in my former blog that Eliot Spitzer knew what Wall St. was doing and that is why they made such a big deal out of him paying for a high priced, good looking, female prostitute.
The Bush Justice Department... it's all in the story, click the link.

1 comment:

  1. The "federal" "reserve" is going to face an audit, shalom bernanke is looking scared when asked about where the money went and your average slave is learning the truth about the lies of the private central bank that operates for profit and uses a collection agency based offshore called the IRS. Ron Paul for President has done more to topple the lies than Kennedy being shot for executive order 1110.


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