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.