About The Federal Reserve
Yes. The Federal Reserve acts like the lender of the last resort in the banking system to provide financial stability ... but it's more than that, nowadays. It exists under a Government Mandate of "we the people" i.e. that means it can be manipulated by Congress. So, like the shady insider trading Congress allowed itself & then hid (that was suppressed by Congress in their wisdom to protect themselves from being indicted for crimes), the Federal Reserve also acts like a clearing house to uses the money printing press of "we the people" to benefit their friends in the financial system (their strong connections exists through their lobbyists, who tend to actually make laws ... proving they are as influential as Senators & Congressmen who are supposed to be elected to make laws that benefit ALL Americans, not just their friends.).
An Example Of The Kind Of Scams Congress Can Pull Off Using The Federal Reserve & Their Ability To Manipulate Laws Being Elected Officials Without Transparency Or Accountability.
Bloomberg: Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
America's Next TARP Model - A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest. (7:53):
... And Then They Cover It Up Using The Media
Related section: Information Scale
RELATED = From The Guardian: When this financial crisis began nearly four years ago the story seemed simple. The banks were broke and they told our leaders that unless the taxpayers bailed them out and took their private debts on to the public account, then the world would end. Our politicians believed them. We took on huge debts and bailed out the banks. Right or wrong, at least the story seemed straightforward: they owed us huge sums of money. Then as the crisis continued, a new group most of us had never heard of appeared – the bond holders. It turned out the banks owed huge sums to the bond holders too, and so did we. The story of who owed whom began to change. Gradually the story became less about the banks owing us money and more about owing the bond holders. It seems to me that our governments and their financial advisers from the banks have a double standard when it comes to debt and its repayment; one which greatly benefits the financial world and punishes the taxpayer. On the one hand, the debts of private banks and those who own that debt, the bond holders, are being protected from any losses by the publicly funded bailouts. Public debt, on the other hand, at the insistence of the same banks and bond holders we have bailed out, is being paid down at breakneck speed, no matter what the cost in unemployment and the destruction of social services.
RELATED = From The Guardian: When this financial crisis began nearly four years ago the story seemed simple. The banks were broke and they told our leaders that unless the taxpayers bailed them out and took their private debts on to the public account, then the world would end. Our politicians believed them. We took on huge debts and bailed out the banks. Right or wrong, at least the story seemed straightforward: they owed us huge sums of money. Then as the crisis continued, a new group most of us had never heard of appeared – the bond holders. It turned out the banks owed huge sums to the bond holders too, and so did we. The story of who owed whom began to change. Gradually the story became less about the banks owing us money and more about owing the bond holders. It seems to me that our governments and their financial advisers from the banks have a double standard when it comes to debt and its repayment; one which greatly benefits the financial world and punishes the taxpayer. On the one hand, the debts of private banks and those who own that debt, the bond holders, are being protected from any losses by the publicly funded bailouts. Public debt, on the other hand, at the insistence of the same banks and bond holders we have bailed out, is being paid down at breakneck speed, no matter what the cost in unemployment and the destruction of social services.
Highlighted: Economic Case For Treason as per Article 3 Section 3
SO Congress passes laws to benefit the rich at the expense of the poor, pumping more money into the economy - which will lead to inflation - while simultaneously suppressing the minimum wage increase (which should be approximately 21 dollars by now) so a few rich people get to benefit at the expense of 99% of the population,( i.e. war on Citizens as per article 3 section 3). Reducing economic wealth so that misfortune and disease can get your quickly while protecting a chosen group at your expense... is the very definition of treason in our Constitution. In England it would be plotting against the Queen (high treason being to kill the Queen). In America it's plotting against US Citizens (high treason being killing US Citizens). We are a democracy & a republic so our citizens comes first. If the UK wants to torture it's citizens with fake economic policies that is their choice. It's not for us as we are Americans (or supposed to be in any case).
Article 3 Section 3: Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort. No Person shall be convicted of Treason unless on the Testimony of two Witnesses to the same overt Act, or on Confession in open Court.
The Congress shall have Power to declare the Punishment of Treason, but no Attainder of Treason shall work Corruption of Blood, or Forfeiture except during the Life of the Person attainted.
Related postings of mine on this topic:
Case for Indicting The GOP for Treason for The "Paul Ryan Plan" (*As Per The US Constitution)
The GOP have been destroying the economy & opposing their own bills JUST to oppose Obama!
{Debt Ceiling History Example} The GOP's/FoxNews's Primary Goal Is To Do Anything To Win Elections INCLUDING Destroying The Economy If Necessary!
An Overview Of How The GOP & Fox News Define "Socialism" by The Colbert Report (backed by news sources)
GOP's Economic Theories - Disproven Under George Bush - Continue To Be The Basis For Their Policies PROVING GOP Are An Ideological Party & Not A Reasonable One
The GOP & It's Lying Media Wing (Fox News) EXPOSED
Introduction To The Class Warfare Being Waged by The GOP & Fox News On America
The Tea Party & Majority of Libertarians Were Co-opted By The Koch Brothers In 2009
GOP/Tea-Party Nonsense In A Nutshell: Outsiders are "Nazis"
GOP VS Ron Paul: A Return To The Suppressed Republican Primaries
Dick Cheney: The Ultimate Laissez-Faire Capitalist?
Ayn Rand & The Beginning Of The End Of Objectivism
Commentary On Ayn Rand's "For The New Intellectual"
7 Images & 11 Videos Illustrating The Budget Sequester & What's Missing
US: Our Court System Is Divided On Party Lines!
An Introduction To The GOP's War On Women
The GOP's War On Women Part 2 (GOP Women Help!)
American Dream Explained In 1950's Cartoons
7 Videos & 1 Image that Illustrates Capitalism & the GOP: The GOP claims to be true capitalists. This is a quick illustration of what Capitalists are according to the GOP