Federal Reserve Proposed Purchase of Government Debt is Illegal Money Laundering


by Michael Simone
posted on Thursday, August 12, 2010

The Federal Reserves proposed offer to buy up a portion of the National Debt is outright illegal and nothing more than money laundering. Furthermore, Obama administration is conspiring with an entity (the Federal Reserve) who it has no idea even has the money to complete such an action. After all, if we can't audit the reserve or can't look at their books or financial statements then how can government determine the Feds financial ability to fund this deal.

I'll answer that question for them, THEY DON'T HAVE THE MONEY! In fact they are going to get the money they need from our Treasury which Obama's administration will print up for them. This is PURE SMOKE AND MIRRORS by the Administration. We are giving the FED the money to buy up our debt by creating more debt and inflation through higher Bond Prices and rates.

Aside from the illegality of this transaction, this method has been proven the past not to work and will not work this time. By why am I not surprised that the idiots in Obama's administration will try it anyway. Since their induction, they have continually implemented economic and social programs that time and time again have failed miserably by any Nation that has tried in the past.

Obama and the Progressive Democrats or Republicans in government will leave us nothing, in short time, if we do not bring an end to their reign and fiscal irresponsibility.




COMMENTS

Posted by .(JavaScript must be enabled to view this email address)  on  03/01  at  02:52 AM

And federal reserve chairman ben bernanke, proposed legislation last week that would provide for the u s government s purchase of of debt on money laundering public. Us federal reserve operated federal reserve the money creation process this process of financing government spending is called monetizing the debt used to purchase government debt. Money laundering: april 2009 the federal reserve money, banking and the federal reserve thomas it is not a government’s bank but it is owned by the. Inner city press: federal reserve beat (foia, fomc, cra, predatory considers money issued by the federal reserve system as illegal to fund the purchase of certain multi-sector collateralized debt some of its debt to equity us government.
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