Bernanke's Biggest Bailout

The right-wing think-tank, the American Enterprise Institute, is helping the Federal Reserve to develop a strategy to transfer $1.25 trillion in toxic mortgage-backed securities (MBS) and non performing loans onto the public's balance sheet. Although it's unknown whether Fed chair Ben Bernanke will act on the AEI's recommendations, it does show that the Fed's Quantitative Easing program (QE)--which moved the bulk of garbage assets from the banks to the Fed's balance sheet--poses long-term problems that will need to be addressed. Bernanke never intended to keep these assets any longer than necessary. Now he is actively exploring options for getting rid of them.'

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Bernanke Admits Printing $1.3 Trillion Out Of Thin Air

Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities. This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week. I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.” I was amazed he admitted this. I looked up the original hearing on C-Span to make sure the clip was not edited. It was not.

What is even more shocking is I could not find a single mainstream news agency that covered this revelation.'

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The Guy Who Stole All Our Money Now Wants to Steal Our Paycheck, Too

Ben Bernanke has funneled trillions of dollars worth of bailouts, guarantees and sweetheart deals to U.S. (and foreign - and see this) banks.

This money was pickpocketed from you and me, directly (through government spending) and indirectly (increasing debt costs, future inflation, etc).

Bernanke is now calling for tax increases and raising the possibility of reductions in entitlements such as Medicare and Social Security.

Tax increases means we keep less from each paycheck. Reduction in services means that money we've already paid to the government (through social security, etc.) will now instead be paid to the bankers to service the U.S. debt.

Isn't that like a guy who stole our money now trying to steal our paycheck, too?'

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What if It Was All Just a Big Bubble?

One of the things that many people go through their entire lives without ever realizing is that conditions haven’t always been the way they remember them to be. Due to the length of a typical lifetime and the number of those years that individuals are productive, it’s reasonable to think that someone in their mid-60s could retire today and look back at the last 40 years only to conclude that what they just experienced was normal.

But, what if the last 40 years were anything but normal?

What if, in the world of finance and economics, it was all just a big bubble?'

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Bernanke Running Amuck

Fed Chairman Bernanke is running amuck, and for the first time since the birth of the U.S. dollar, our government is egregiously abusing its power to print money.

Specifically, from September 10, 2008 to March 10 of this year, he has increased the nation’s monetary base from $850 billion to $2.1 trillion — an irresponsible, irrational and insane increase of 2.5 times in just 18 months.

It is, by far, the greatest monetary expansion in U.S. history. And you must not underestimate its sweeping historical significance.'

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The Case Against Greenspan and Bernanke

Is there enough evidence to indict Ben Bernanke and Alan Greenspan on charges that they aided and abetted the banks and other financial institutions in the sale of fraudulent loans to investors?

That depends on whether there is sufficient proof to show whether the two men KNEW that the nation's lenders were engaged in large-scale predatory lending and chose to do nothing. As we'll see, both Greenspan and Bernanke were warned repeatedly about the mortgage/derivatives scam by credible professionals and industry regulators, but failed to act.'

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Ron Paul vs. Bizarre Ben Bernanke

I thank Congressman Ron Paul for bringing to the public’s attention the Federal Reserve coverup of the source of the Watergate burglars’ source of funding and the defective audit by the Federal Reserve of the bank that transferred $5.5 billion from the U.S. government to Saddam Hussein in the 1980s. Congressman Paul directed these comments to Federal Reserve Chairman Ben Bernanke at the House Financial Services Hearing February 24, 2010. I question Chairman Bernanke’s dismissive response.

BERNANKE: "Well, Congressman, these specific allegations you've made I think are absolutely bizarre, and I have absolutely no knowledge of anything remotely like what you just described."

The evidence Congressman Ron Paul mentioned is well documented in my recent book, Deception and Abuse at the Fed (University of Texas Press: 2008). The head of the Federal Reserve bureaucracy should become familiar with its dismal practices.'

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I Want My Country Back! - Prof. Russ Roberts Testifies Before House Oversight Committee!

Ken Lewis: If I’m Going Down, Hank Paulson and Ben Bernanke Are Coming Down With Me

No WAY is Bank of America CEO Ken Lewis going to be the only one to answer for the acquisition of crappy Merrill Lynch and its crappy bonuses, "a person close to Lewis's defense team" (who may or may not be Ken Lewis himself) tells Charlie Gasparino today on the Daily Beast. NO WAY will he be a scapegoat, alone, for the people who twisted his arm to go through with the Merrill deal by telling him he would be fired if he didn't. "If this thing goes to trial you can expect both Paulson and Bernanke to be on the witness list." If he's going down, he's bringing them down, too. Bringing them down to Chinatown. Order in the court!

Source

Cramer Pleads ‘Trust Bernanke’; the ‘Bavarian Illuminati, Trilateral Commission & Queen are Not All Bad’

Jim Cramer, a clear TV parrot for the status quo, made an astonishing statement, ‘boldly’ putting forward his approval for Fed chief Ben Bernanke and Treasury Secretary Tim Geithner in the midst of controversy while brandishing the many conspiratorial detractors with a nod to Wall Street’s connection with ‘the Bavarian Illuminati, the Trilateral Commission and Queen of England.’

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Despite Role in AIG Bailout, Senate Votes to Reappoint Bernanke

Alan Greenspan’s protege Ben Bernanke is about to be reappointed to a second four-term as the Federal Reserve boss.

Earlier today, the Senate voted 77-23 to end debate on Bernanke after his supporters took to the floor and sang his praises and critics made ominous warnings. “To vote against confirmation could unnerve investors and exacerbate economic uncertainty in the marketplace, which is exactly what we do not need at this time,” said Sen. Robert Menendez, Democrat of New Jersey, according to The Wall Street Journal. “We need the wisdom of patience,” he said. “Let us not judge the man or the work prematurely".'

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Goldman Sachs Flunkies Neck Deep in AIG Coverup

Geithner Warns That Markets Could Dive If Bernanke Is Not Reconfirmed

Treasury Secretary Tim Geithner, in a recent interview with Mike Allen of Politico warned that the financial markets could react negatively if Fed Chairman Ben Bernanke isn't confirmed for a second term.

Geithner suggested that the market would see a failed Bernanke confirmation as "very troubling," but claimed that he was "very confident" Bernanke would receive enough Senate votes to win a second term.'

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The sky is gonna fall!!!! Notice how they keep using the same old threats

Bernanke Tightens The Noose

Bernanke is just following Greenspan's basic blueprint. It's nothing new. Unregulated derivatives trading is just one of the many scams he's thrown his weight behind. The list goes on and on; one swindle after another. Just look what happened when Lehman Bros blew up. Just weeks earlier, Bernanke and Co. had worked out a deal with JP Morgan to buy Bear Stearns with the proviso that the government would guarantee $40 billion in Bear's toxic assets. Fair enough. The whole transaction went by without a hitch. Then Lehman starts teetering, and Bernanke and Treasury Secretary Henry Paulson decide to do a complete policy-flip and let Lehman default. Their reversal stunned the markets and triggered a frenzied run on the money markets that nearly collapsed the global financial system.'

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You Have Got to be Kidding: Bernanke Named Time Magazine ' Person of the Year'

Just make sure you have your vomit bag handy!

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Sen. Bunning Tells Bernanke: 'You Are The Definition Of A Moral Hazard; The AIG Bailout Alone Is Reason Enough To Send You Back To Princeton'

Half Of US Debt Is Owed to Fed

Chelsea Clinton's engagement today to Jewish banker Marc Mezvinsky, who works for Goldman Sachs, is another reminder that America is ruled by the Illuminati clan, joined by marriage, money and love of Lucifer.

The source of their power is the Fed which has pilfered the US government's credit card and used it to buy politicians and everything else worth owning, creating trillions in tax payer debt.

That money Ben Bernanke is throwing from the helicopter cost the Fed owners pennies but they expect the US taxpayer to refund face value. To be specific, the US National Debt is expected to reach $13 Trillion this year. That's about $44,000 for every man, woman and child in the US.

Almost six Trillion will be owed to the private Illuminati families who own the banks that own the Fed. For fiscal 2009, US taxpayers will cough up $380 Billion in interest, half of that to the Fed. By 2019, the cost of servicing the debt is expected to reach more than $700 Billion annually.

As you all know, billions were paid to these banks during the "credit crunch" so that they may now reward their lackeys with humongous bonuses. But as Goldman Sachs CEO, Lloyd Blankfein said, they "are doing God's work." Unfortunately, their God is Lucifer.

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Fed Audit Would Hurt US Economic Prospects, says Bernanke

Federal Reserve Chairman Ben Bernanke said yesterday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic and financial health in the future.'

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Bernanke's Trillion-Dollar Decision

The biggest decision of the economic recovery will be made in the next six months, and Barack Obama will have almost nothing to do with it.

Forget the debate over TARP, and never mind the questions about a second stimulus. This decision is about when to pull out $1 trillion that’s propping up the U.S. banking system. And it will be Federal Reserve Chairman Ben Bernanke and his Fed colleagues who make the call.'

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Bernanke Gone Berserk! Bank Reserves Explode!

Fed Chairman Bernanke has dumped so much funny money into the U.S. banking system and has done so little to manage how that money is used, the fate of our entire economy has now been cast under a dark shadow of doubt.'

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