Skip to comments.Is Anything Real? Trillions in Secret Fed Payments Revealed
Posted on 12/02/2010 4:08:11 PM PST by Nachum
BEGIN TRANSCRIPT RUSH: Let's go back, audio sound bite-wise, to me on my program, this program. This is March 12th of this year...
RUSH ARCHIVE: The TARP money was not used for its original purpose. There's something else out there, Jordan, you need to know. The Federal Reserve, before the TARP bailout, made loans totaling $2 trillion and they will not tell us to whom. We don't know who got the money. Whether the Fed loans it or the government prints it, it's our money. So you can talk about the $700 billion TARP. You can talk about the $787 billion stimulus. That's nothing compared to the amount of money that the Federal Reserve lent people at the same time: $2 trillion. We don't know where it went and they will not tell us.
RUSH: Well, we now know that it wasn't $2 trillion. We know it was a little over $3 trillion and we know where it went now. Finally we know where some of it went. "The Federal Reserve revealed details yesterday of trillions of dollars in emergency aid that it gave to US and foreign banks and to nonbank companies ranging from General Electric to Harley-Davidson during the financial crisis." So let me pause for just a second. We go to the California and we look at all of the unfunded pension liabilities for the teachers, public employees unions, Teamsters, and the same thing in Illinois and in New York. We have people who have been living on federal dollars, people who have been living well on the public dole. Humongous lifestyles.
And none of it has been real.
(Excerpt) Read more at rushlimbaugh.com ...
The list, ping
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Could SOMEONE EXPLAIN this????? PLEASE!!
Magic Christian comes to mind. The insanity is multiplying. Building upon itself. The people have been dumbed down enough. The information we receive is a big lie.
Maybe the Dems had an installment payment due to Satan.
It’s simple: whenever a society confuses bank notes with money, and forces people to accept bank notes instead of money, the bank debt, compounding exponentially, overwhelms the economy’s capacity to carry it, and the whole thing crashes. The Fed decided to delay the crash by creating more debt, ensuring a bigger crash later. “Gold is money and nothing else”. J.P. Morgan (1912).
‘Could SOMEONE EXPLAIN this????? PLEASE!!’
They all sound like they are taking drugs...
NOT THE SONG!! The ARTICLE!
WHO goes to the FED for LOANS???
I can not believe:A) This whole thing hasnt collapsed like a house of cards, and B) The American People havent revolted and lead another revolution. We were founded on far less corruption and "slavery" to the state than what exists today. Our government is a crimal enterprise. Shocking really. And we the people dont care....Did'ya see the game the other night???/sarc
This is old news
Take out a dollar bill and read what it says on the top... Federal Reserve Note. It's a LOAN document. The Federal Reserve Banks LOAN MONEY INTO EXISTENCE... so, in answer to your question, EVERYBODY goes to the Fed for loans including the Federal Government... and they get the money at a discount, which means it can never be repaid because there isn't enough money to pay the principle plus the discount for what was borrowed!
Rush needs to be listened to tomorrow also.
He and his expert callers make sense out of financial mush.
Today, it was basically that the Obama marxist plan is called Kenesian, and that Kenesian policies call for paper money printed at the Fed, falling from the sky, will cause consumerism to be jumpstarted and thereby boost our economy. The paper is fake, the industrial and corporate loans are more fake paper. Welfare, unemployment checks, health care is provided for the people and must be expanded to keep the people from working and to collapse the country keeping us in permanent state of “needing” the government for all needs.
Kenesian does not work because there is nothing under it to sustain it. No real production, no industry, no creating things, no nothing this country offers itself or anyone else, except consumerism and paper. We just spend our way to prosperity and since we’re broke it’s a dead end.
Lies, malicious and sinister deceptions, corruption and treason. We The People must demand investigations and jail time for those found guilty.
It’s called tyranny and treason, in my opinion.
A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street.
The price tag for the Wall Street bailout is often put at $700 billionthe size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs (controlled by Rahm Emanuel)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid. Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets." GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion [PDF].
--SNIP--- long read
Federal Reserve bailout programs
Commercial Paper Funding Facility: With the support from the Treasury, the Fed established the CPFF in October 2008 to increase the availability of short-term debt (commercial paper) funding. Up to $1.8 trillion [PDF] was earmarked for the program.
Mortgage-backed securities purchase: In 2009, the Fed earmarked up to $1.25 trillion to buy investments based on home loans.
Term Asset-Backed Securities Loan Facility: TALF provides financing to investors who are buying asset-backed securities. In February 2009, the Fed and Treasury announced an expansion of the program to generate up to $1 trillion in new lending.
Foreign Central Bank Currency Liquidity Swaps: The Fed has provided $755 billion [PDF] for currency liquidity swaps with foreign central banks.
--SNIP--- long read
Can someone post the owners and shareholders of the fed?
Here we go.
We had to kill the free market to save it - george w bush.
Those on the nostalgia tour around here sicken me.
They’ll care when the ATM doesn’t work, all the grocery stores and pharmacies have been looted, and there are bodies laying in the street.
ooohhhh...he DID say that! I think he had NO IDEA what was being done to the US!
Jail, my ass.
The entire world has become Sodom and Gomorrah. G-d did not like Sodom and Gomorrah. We know the end of that story.
Then it was for want of 10 righteous men...which could not be found.
NOW it is for want of 10 MILLION. I wonder if there are even 10 million righteous men left in this world sometimes.
“Take out a dollar bill and read what it says on the top... Federal Reserve Note. It’s a LOAN document. The Federal Reserve Banks LOAN MONEY INTO EXISTENCE... so, in answer to your question, EVERYBODY goes to the Fed for loans including the Federal Government... and they get the money at a discount, which means it can never be repaid because there isn’t enough money to pay the principle plus the discount for what was borrowed”!
This is it in a nutshell.
The FED is the biggest scam in the history of planet Earth.
I get trashed by the bush was great crowd for reminding them of that.
Remember - bush appointed bernake and paulson in the first place.
Obama is what he is - a marxist.
But bush started this with the appointment of bernake paluson and geithners horrible malfeasance at the ny fed.
One World Banking!
About a dozen or so run it all.
Americans were screwed royally.
Thanks for ping; posted thread on today’s Rush Live thread
As I, and some few others, have been trying to pound into peoples’ heads, this whole thing was an ingenious and dastardly evil scam set into motion during the clinton presidency and triggered by GWB upon leaving office. It was a wholesale looting of the treasury combined with the laundering of filthy, dirty drug money around the world.
And mxxain KNEW about it. Take that to the bank. bam is an actor and not a very good one at that. He has never originated a single idea in his entire life. He is a creepy puppet with a mental deficiency and his only job was to be black and say what he was told to say.
“But bush started this with the appointment of bernake paluson and geithners horrible malfeasance at the ny fed”.
It was started back in 1910 in secret meetings held in Jeykll Island Ga. When the FED was created. It came into existance in 1913.
Get a copy of “The Creature from Jeykll Island” it is a concise history of how it has all come about. Written 15 years ago the title to Chapter two is “The Name of the game is BAILOUTS”
The public is finally waking up.
mark for later
This is astounding!
I read that book last year. Literally a life changing book.
Unbelievablly scary book. I gave it to my dad who has talked about it for months.
“Can someone post the owners and shareholders of the fed?”
Ping me if you get an answer, please.
You know that the 12 Federal Reserve Banks are owned by private banksters.
And you’ve heard of the Bank of International Settlements (BIS), which is the “Central Banks’ Central Bank”.
But you probably don’t know who owns BIS or how it is regulated.
Spiegel provided the answer last month:
The BIS is a closed organization owned by the 55 central banks. The heads of these central banks travel to the Basel headquarters once every two months, and the General Meeting, the BIS’s supreme executive body, takes place once a year.
So the private banks own the Fed (and other central banks), and the central banks, in turn, own BIS.
Interestingly, Spiegel points out that BIS is largely immune from regulation, oversight or taxes:
Formally registered as a stock corporation, it is recognized as an international organization and, therefore, is not subject to any jurisdiction other than international law.
It does not need to pay tax, and its members and employees enjoy extensive immunity. No other institution regulates the BIS, despite the fact that it manages about 4 percent of the world’s total currency reserves, or 217 trillion ($304 trillion), as well as 120 tons of gold...
Central bankers are not elected by the people but are appointed by their governments. Nevertheless, they wield power that exceeds that of many political leaders. Their decisions affect entire economies, and a single word from their lips is capable of moving financial markets. They set interest rates, thereby determining the cost of borrowing and the speed of global financial currents.
Yep, it sure looks like the crooks have their own private retirement funds on the taxpayer dime.
It is our duty to make sure these people go south as our lives depend on it.
So our 'wealth' is just one Big Lie? Are we delusional or is the World?
Welfare, unemployment checks, health care is provided for the people and must be expanded to keep the people from working and to collapse the country keeping us in permanent state of needing the government for all needs.
It's working. All the people want is the check to keep arriving from the government - they don't care what The Plan is called, or how we've been conned. They ARE quite willing to wear the chains around the necks. GH Bush's New World Order is upon us.
Kenesian does not work because there is nothing under it to sustain it. No real production, no industry, no creating things, no nothing this country offers itself or anyone else, except consumerism and paper...
The factories are gone. The corporations are all "international," and we've got a bunch of trained monkeys calling the government "Daddy." Great. WELCOME TO THE THUNDER DOME!!"
Dems Fume over Wall Street Trillions
The Founding Fathers thought it was gold & silver coins.
I would agree although other things can be used as money, none of them have the track record of gold & silver.
Who goes to the FED for loans? Anybody rich and powerful enough to do so.
It’s pretty simple. The Constitution says that “No State shall... make any Thing but gold and silver Coin a Tender in Payment of Debts”. People can trade all the paper they want, but the Founders were smart enough to keep the government out of the paper money business. They just didn’t anticipate how quickly the banks would take over the government and install corrupt justices who ignored the Constitution.
Money is what people decide to use as money. Getting the government involved in that choice screws it up just like everything else the government touches, but the consequences are far more serious than most things. It’s like a leukemia of the economy’s blood supply. It kills the patient, or in this case, ultimately leads to tyranny or revolution.
Probably the Founders made a mistake by granting Congress the power to coin the gold and silver money, because that led people to associate the government with money, and accept the tyranny of tender laws. In the beginning, Thomas Paine warned that any politician who even proposed a tender law should be executed, so clearly was it understood what a disaster paper money was.
wow. thanks. learn something every day.