Sunday, May 2, 2010

US Federal Reserve Criminal Zionist Jewish Banking Head Bernanke Admits Money Is Printed Out Of Thin Air!

People in the United States have always been led falsely to believe that for every dollar that is printed by the Federal Reserve, there is some type of commodity in storage to back up that dollar to its full value. The long belief is that currency is based on Gold deposits, and that commodity can be called on if ever there is a situation of panic in the banks. This is totally false, and the facts are now coming out more and more in the public eye that money is based upon absolutely nothing!

Here now, I want to present an interesting article via www.usawatchdog.com, where the Chairman of the criminal Federal Reserve of the United States, Ben Bernanke, admits in an attached video that money is indeed printed out of thin air! The ramifications of this admittance, and what it means to all money printed in the United States is absolutely mind boggling! This important bombshell was not covered at all by the Zionist Jewish controlled MSM in America obviously because these Jews are well aware of the fraud of the entire monetary system! Here is that article:

Bernanke Admits Printing $1.3 Trillion Out Of Thin Air


By Greg Hunter

USAWatchdog.com

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. Congress just finished voting on the bitterly contested Obama health care bill that is supposed to cost nearly a trillion dollars over ten years. (Some contend it will be more than twice that amount.) The mainstream media doesn’t even bat an eye over the Fed creating $1.3 trillion in a little more than a year to buy worthless debt no one else will touch. I do not get it. I guess we could have asked the Fed to print up a trillion dollars to pay for health care and avoided that drawn out battle in Congress.

Then, Rep. Paul brings up printing another $105 billion to bailout Greece. Bernanke answers by saying, “. . . I think one of the agreements that the G20 leaders came up with was sort of a mutual commitment to put more money into the IMF as a way of addressing the financial crisis around the world. . .” Notice how Bernanke used the term “mutual commitment.” I think what that really means is an agreement between all the G-20 nations of a “mutual debasement of their currencies.” I think this is why gold has been rising in price around the globe. I have been saying for months that we are going to have some very big inflation. (Real inflation is already at 9.5% according to shadowstats.com.) I wrote about this last November in a post called “The Fix Is In.”

I think Bernanke just opened the Fed playbook and revealed money will be printed to fix all financial problems. I don’t think he’s even trying to hide it anymore. Rep. Paul also brought up the big debt trouble coming soon with many, many bankrupt cities and states such as Los Angeles and California. I think they will all be bailed out one way or another by the printing press.

New York Fed President William Dudley seems to be on the same page as his boss. Dudley recently said, “The fact that our foreign indebtedness is for the most part denominated in our own currency is a huge advantage in the event the dollar were to come under significant downward pressure.” (Zero Hedge has a complete text of Dudley’s speech, click here) Is Dudley making a not so subtle hint about devaluing the U.S. dollar? Once again, I say yes.

Anyone with a savings account or money market denominated in dollars should be terrified. You have scrimped and saved only to have the Fed print money and devalue what you have worked so hard for! Inflation has been chosen for you by the Federal Reserve, and we the taxpayers can’t even audit its actions. Below is the video from the Joint Economic Committee Hearing last week. Watch for yourself Bernanke nod yes to printing $1.3 trillion:


NTS Notes: This admittance that money is totally bogus, is based on nothing, and is printed out of thin air shows that the Federal Reserve is a criminal organization that prints money at its whim, and uses that printed money to manipulate markets and the entire economy. The 1.3 trillion dollars given to financial institutions as a "bail out" shows how these criminals protect their own "race" and don't give a damn about Americans in general.

What people have to understand is that the money given as a bailout by just printing it could have easily gone to the general public and bailed out the entire economy. The present recession could have easily been avoided by giving the money directly to the public purse as a method of rebooting the economy and easing the present debt load! Why did that not take place? The answers may shock you!

It seems that the Zionist Jews in charge of the Federal Reserve and the other banking institutions WANTED the economy to fail! This seems to be their sinister goal and is clearly one method of bringing in their enslavement system and their One World Government. The usage of their debt based monetary system was done by design to make everyone so stricken by debt that they eventually can never pay back any of the debt, and they are forced into bankruptcy, thus fuelling the entire economic collapse. By forcing economic collapse, the public would be forced to turn to the criminal bankers who would bring in their "new" currency and financial system, with them in complete control of all finance and therefore the entire country!

The truth is finally coming out that the entire monetary system is a massive ponzi scheme. They can print money whenever they want and manipulate the entire society. People must be brought up to speed on this, and there must be an immediate ending of the criminal Federal Reserve system, and an automatic ending of all public debt through what used to be called "Jubilee". All money and system of all currencies must be done by governments, and never by private criminal bankers.

More to come

NTS

1 comment:

grinch said...

bernanke bernanke gave u s jewish synogogues received 9.5 trillion usd