FED AWARDS BANKS $1.2 TRILLION TO FAIL

Godfather Politics – 8/22/2011 – Bojidar Marinov

http://godfatherpolitics.com/647/for-their-failures-the-fed-has-awarded-the-banks-with-1-2-trillion/

That’s when the Federal Reserve steps in and makes new money – out of thin air – and loans it to the banks. The banks are now “solvent.” The also own the houses. Business as usual; the banks win.

Except that there are $1.2 trillion in the economy that were created out of thin air. Which means inflation. Which means everyone suffers – from the subprime homeowners evicted from their houses, to those who never took any loans, to the companies who built the houses. Everyone is left with dollars in their hands that are getting more and more worthless because the value of the dollar is falling.

Could the FED do something else? No. That was why it was created: to cheat everyone out of their money while protecting the banks and the federal government against default and failure, no matter what.

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