Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: dennisw
Yep, "they only loaned out 1.5 trillion", and from what I've seen they only did so for short periods of time. But they did it without any public knowledge and that resulted in this audit that Congress had to bring about. Toddsterpatriot would have us believe this is common practice but this audit reveals exactly who needed to balance their books and when. That is information not commonly made public.

I don't necessarily believe all 7 of G. Edward Griffin's points responding to Flaherty, but I think the key point is #4 inflation is the gift that just keeps on giving.

It is the reason the Federal Reserve System is coming to an end. As those of us who have read and appreciate Mr. Griffin's book know, this country has a long history of rejecting the desires of bankers.

87 posted on 12/28/2011 4:36:28 PM PST by WhoisAlanGreenspan?
[ Post Reply | Private Reply | To 86 | View Replies ]


To: WhoisAlanGreenspan?
But they did it without any public knowledge

If you looked at their balance sheet, you'd see the short term loans they made.

Toddsterpatriot would have us believe this is common practice

Not common practice at all. These programs were emergency measures.

but this audit reveals exactly who needed to balance their books and when. That is information not commonly made public.

That's correct. Until the audit, they never released info on who borrowed at the Discount Window.

88 posted on 12/28/2011 5:56:33 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 87 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson