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Bernanke, The Fed, Obama, and Monopoly Money

16 Jun

The big news of the day was our Federal Reserve  (the corporation that owns America) has monetized our deficit spending and in turn, our national debt. The story is, from January 28, 2009 (a week after Obama was immaculated) to April 25, 2012 the amount of money that our Federal Reserve holds as bought and paid for debt has went from $302,000,000,000.00 to a whopping $1,668,000,000,000.00. That is an increase of 452%. We now own more of our own debt than any other entity on the earth. This spells a ton of trouble for the United States. What’s really interesting is how Ben Bernanke, the Fed Chairman, swore before the U.S. Congress that the Fed “would not monetize the debt”, and has done nothing but monetize our debt since saying those words. You will see in the video below a short explanation of what monetizing the debt is and then you will hear out of Bernanke’s own mouth the quote that should put him in jail for at least perjury. If the Congress has the time and resources to drag Roger Clemens in front of them to answer for allegedly lying to Congress. Why not this guy, I mean, he’s on video lying to Congress, that should be an open and shut case.

Under Obama, the Federal Reserve has now become the single largest holder of our debt. China comes in at second, holding $1,169,900,000,000.00 in our treasury bonds. Japan comes in third, holding $1,083,000,000,000.00.  The Federal Reserve, China, and Japan’s debt holdings combined equals $2,244,500,000,000.00 which is 49% of all new debt purchased while Obama has been president.

In the video below, you will see Bernanke say again, “we [Fed Reserve] will not monetize the debt.”

This man should be tried for treason. Helping to prop up a fake economy, printing monopoly money, and lying to the American people, is unforgivable! Take back the country from these idiots!

Robert E. Stage Jr.

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2 responses to “Bernanke, The Fed, Obama, and Monopoly Money

  1. justturnright

    06/16/2012 at 4:54 pm

    My prayer is that they don’t manage to wipe us out before Romney and a wave of Republicans take the helm.

    Obviously, that prayer includes the assumption that President Pander loses, ….but that is non-negotiable.

     
    • The Patriot

      06/16/2012 at 5:11 pm

      ___________________________________________________
      I think they may have already ruined us JTR, read these quotes from our founding fathers. When they instituted the Fed America changed forever, or until we demand it be dismantled.

      “There are two ways to enslave a nation. One is by the sword. The other is by debt.”

      —John Adams (1797-1801) Second President of the United States and Patriot ________________________________________________________

      “The power to tax involves the power to destroy.” — John Marshall (1755-1835) House Member, Secretary of State and Chief Justice of the Supreme Court

      “The borrower is the slave of the lender.” — Proverbs 22:7

      “I place economy among the first and most important of virtues, and public debt as the greatest of dangers to be feared.” “To preserve our independence we must not let our leaders load us with perpetual debt. ….If we can prevent the government from wasting the labours of the people under the pretence of caring for them, we will be wise.” — Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U. S.

      “Allow a government to decline paying its debts and you overthrow all public morality–you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.” — Alexander Hamilton (1755-1804) Lawyer, Secretary of the Treasury & Secretary of State

      “As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible, avoiding occasions of expense by cultivating peace, but remembering, also, that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts which unavoidable wars have occasioned, not ungenerously throwing upon posterity the burden which we ourselves ought to bear.” — George Washington (1732-1799) Father of the Country, 1st President of the United States

      “As parents, we can have no joy, knowing that this government is not sufficiently lasting to ensure any thing which we may bequeath to posterity: And by a plain method of argument, as we are running the next generation into debt, we ought to do the work of it, otherwise we use them meanly and pitifully. In order to discover the line of our duty rightly, we should take our children in our hand, and fix our station a few years farther into life; that eminence will present a prospect, which a few present fears and prejudices conceal from our sight.” — Thomas Paine (1736-1809) Patriot, Author & Pamphleteer

      “I go on the principle that a Public Debt is a Public curse and in a Republican Government a greater than in any other.” — James Madison (1751-1836) Father of the Constitution, 4th President of the United States

      “Think what you do when you run in debt; you give to another power over your liberty.” — Benjamin Franklin (1706-1790) Statesman, Scientist, Inventor, Printer and Philosopher

      “Blessed are the young, for they shall inherit the national debt.” — Herbert Hoover (1874-1964) 31st President of the United States

      “The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.” — Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U. S.

      “People are tired of wasteful government programs and welfare chiselers, and they’re angry about the constant spiral of taxes and government regulations, arrogant bureaucrats, and public officials who think all of mankind’s problems can be solved by throwing the taxpayers’ dollars at them.” — Ronald Reagan (1911-2004) 40th President of the United States

      “No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.” — George Washington (1732-1799) Father of the Country, 1st President of the United States

      “It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” — Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U. S.

      “If you would know the value of money; go, and try to borrow some! For, he that goes a borrowing, goes a sorrowing! and indeed, so does he that lends to such people, when he goes to get it in again!” — Benjamin Franklin (1706-1790) Statesman, Scientist, Inventor, Printer and Philosopher

      “To say that the United States should be answerable for twenty-five millions of dollars without knowing whether the ways and means can be provided, and without knowing whether those who are to succeed us will think with us on the subject, would be rash and unjustifiable. Sir, in my opinion, it would be hazarding the public faith in a manner contrary to every idea of prudence.” — James Madison (1751-1836) Father of the Constitution, 4th President of the United States

      “But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.” — Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U. S.

      “Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.” — Rutherford B. Hayes (1822–1893) Nineteenth President of the United Sates

      “To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion [extravagance of expenditures] and servitude.” — Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U. S.

       

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