Skip to comments.FEDS BALANCE SHEET NOW OVER $2 TRILLION DOLLARS
Posted on 03/19/2009 2:59:18 PM PDT by politicket
We learned today that 328 of the 465 members of the US House of Representatives are treasonous individuals who should be impeached. Why? Article I Section 9 Clause 3 of our US Constitution plainly states: No bill of attainder or ex post facto Law shall be passed. Our House of Representatives just passed legislation to tax AIG bonuses to the tune of 90% - creating a specific bill of attainder directed at punishing a particular class.
What will be the reaction of most American citizens who have been brainwashed by the propagandizing news services? They will be elated. The EVIL people will have gotten their just due! The $100+ million dollars will be taken back from those to whom it was contractually due, and the self-righteous, pompous Congressmen will spread their peacock feathers to tell the sheeple how they are FIGHTING on their behalf.
Meanwhile ..TENS OF BILLIONS of taxpayer dollars have been laundered through AIG to the likes of Goldman Sachs and JP Morgan/Chase. Where are the special House committees on this? Why hasnt Congress put together and passed a bill in a matter of days against this just like they did for the contractual bonuses of AIG employees? Why isnt this top of the news for MSNBC/CBS/ABC/CNN?
Folks, I just went and checked to see if this weeks Federal Reserve H.4.1 report was out yet, and it is. You can see the html version here: http://www.federalreserve.gov/releases/h41/Current/.
Hopefully, all of you were able to make sense of my economic update yesterday. Today, we will put what you learned into practice.
Scroll down to Section 8 of the H.4.1 report and find where it lists the assets of the Federal Reserves balance sheet. You will see a column that lists the change in value from the previous week for each asset item. Notice how Securities held outright increased a whopping $171.414 billion dollars since just last week. What were these new assets that were acquired? We can see that Federal agency debt securities went up by $3.84 billion dollars. We also see that the Fed purchased a huge $167.531 billion of Mortgage-backed securities.
Remember what I said yesterday? The Fed just created the money for these assets out of thin air. Therefore, they need to manufacture offsetting liabilities on their balance sheet to counter the new assets. How did they do this?
Scroll down a little further in Section 8 to see the Feds liabilities. Notice how Deposits increased by $167.824 billion dollars? Where did most of this money come from? Well, we see that Depository institutions increased by $147.816 billion dollars. The US Treasury, general account also increased by $65.948 billion dollars (this was due to tax receipts from corporations since most of them are run on a calendar year and taxes were due March 15th). Why did the depository institutions increase their holdings so much in just one weeks time? Its exactly like I wrote yesterday. The major banks were told to take that money off the economic table and instead put it in their Federal Reserve bank account where it sits as excess reserves. The Fed pays the banks interest on the money for doing this. This all creates the artificial liabilities that were needed to offset the assets that the Fed added during the week. Its all a game and one big ponzi scheme.
The Fed is merely a conduit for the worlds largest banks to control our economy. Congress has no say over them. The Judicial branch has no say over them. And the Executive Branch, including the US President has absolutely no say over them.
We have seen by todays H.4.1 report that the Fed will be utilizing the tactic of having banks increase their excess reserve holdings to counter the $1.15 trillion of new assets that the Fed will be purchasing. What does this mean for America? It means that those funds will be tied up instead of being used as loans for corporate America and for the citizens. This means a continued deflationary spiral (even though Fed Chairman Bernanke is pretending like were not in one and that he doesnt want one). This also means an escalation in job losses and wage cuts in the coming months ahead.
Now that you have seen how all of this works you can watch the financial segments on television and see right through the massive propaganda machine. Most of the television and radio personalities, as well as the bloggers, have no idea what theyre talking or writing about. There is no consistency with their statements. May God grant us wisdom as we seek His guidance alone to navigate these difficult times.
Americans are angry at the bailout, not at this stupid AIG mess.
And they wanted to balance their budget on the backs of wounded service men and women.
Never forget how much they hate our country, our military, and our patriots.
I would love for the 73 persons named to file a class action suit against the government. It would probably wind up in the Supreme Court.
I thought 100 Democrats changed their vote and it failed.
It will only take one to file the lawsuit. I cannot imagine the Supreme court openly defending a bill of attainder.
I would like to see every Congress dimwit who voted for it impeached for violating the Constitution and anything else we can throw at them.
(Nah, let's switch that... the entire GDP of the continent of Africa is just over $2.2 trillion. Maybe that's a better visual for the sheeple to imagine.)
Usually, they take away from us an amount of money equal to the entire economy of Germany, the fifth-largest in the world. Again, that's what our government takes OUT of our economy, so that they can play their political games (and sometimes do a little bit of those actual Constitutional responsibilities).
Oh, yeah... Each of the freakin' stimulus packages are greater than the entire annual economy of Saudi Arabia ($600 billion)!
I'll go ahead and hold my breath for the MSM to start putting it in these terms.
“Most of the television and radio personalities, as well as the bloggers, have no idea what theyre talking or writing about. There is no consistency with their statements.”
I think this is EXACTLY what Glenn Beck’s show was about today. For anyone who didn’t see it, it repeats tonight at 2:00 EST. I am so glad that he is willing to “dumb down” for folks like me who don’t understand ANY of this...his antics help me to “get it”. Anyway, Glenn was just beside himself over this. He said that the whole AIG fiasco is nothing more than a smoke screen to keep the spotlight off THIS story. Thanks for posting.
Just my opinion, but I would keep 70% in cash, 20% in silver, and 10% in gold.
Or, use some of it to get out of debt if you have any.
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