Need Half a Trillion Paper Money or Much More? Bernanke Will Be Happy to Print Them As Long As You Are a Bank

Saturday, July 25, 2009

The strange thing about financial crises is that they don't happen because of too little money but always because there is too much fiat money, obviously in the wrong hands, though.
Enjoy this video where Fed chairman Ben Bernanke says he does not know who got 553 billion Federal Reserve Notes (FRN) which were "swapped" to foreign central banks.
At these sums
, don't worry if the Fed's figures may be wrong for a few billions up or down. This is another proof that the Fed is just a one trick pony that can only print unlimited FRNs at "virtually no cost."

Fed Accountant: We Don't Know Where the 9 Trillion Went
If 553 billion don't send your blood pressure through the roof, watch this video where Rep. Alan Grayson asks the Federal Reserve Inspector General on May 11, 2009, about 9 trillion FRNs lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.

This should make it clear by now that this is the endgame of the Fed's global rulership with a private currency. Once you arrive at trillions, you don't have to run any math formulas to know it has all gotten out of the hand of the central banks. Social unrest and widespread poverty through hyperinflation is probably just around the corner because the Fed's helicopters are exclusively dropping their fresh money into the courtyards of financial institutions.


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