Good day all ! Today I have even more things that make you go hmmmmmm! For instance; I was reading in Rolling Stone about a article that truly made me scratch my head in disbelief. I am sure all you good people have heard about the recent government bailouts of some of our great nations largest, and most dependant on for a sound economy, corporations such as General Motors, Chrysler, and many banks and other financial institutions . This has been a matter of public information, and was duly recorded in the budget.Most Americans know about this so called budget which even our grandchildren will be paying for. I came to find out that there is something called the "Shadow Budget" . This budget has traditionally been a sectret, and after the 2008 financial crash this Shadow budget is approxiamtly the same size of the regular budget. The "Fed" has sent money to such diverse places as ....to other banks also that you might not even guese , even in your wildest dreams. These banks in Mexico,Bahrain, and Bavaria. They also have sent "bailouts to a Japanese car companies. Excuse me but I thought OUR Government was to manage the budget to benefit our country.This Shadow budget also included loans to Citigroup and Morgan Stanly in excess of two TRILLONS of our hard earned dough to each of these companies.Plus billions more to a string of lesser known Millionairs & Billionairs with addresses in the Cayman Islands.
This debacle becomes even worse, for instance; the wife of John Mack, Christy, and one of her cohorts named Susan Karches. The Fed handed them loans of, at low intrest, of about a quarter of a billion dollars.They used these funds for investments like buying stuent loans and commercial mortgages. The loans were structured in such a way as they would keep 100% of any gains on the deals and the Fed ( read the American taxpayer) would eat 90% of any losses.If that isn't a classic heads I win, tails you lose scenario, I don't know what is,
Once the money stated flowing, our financial institutions tell the Fed that they are afraid to make any kind of loan unless the Fed guarenties them that their investment carries no risk.
Think about it , you borrow a ton of money from the fed, ( Read The taxpayers)They buy crap securities and stash then on the Feds books, Now if they make money, you keep the profits by buying them back from the fed and if they don't...... Then you leave them in the feds progams and you, the taxpayer, eats them.If that isn't enough to make you scratch your head , lets go back to Bahrain for a moment. The fed extended a $35 billion dollar loan to the banks of Bahrain at a interest rate of 1/4 of 1 % interest. Even more disturbing is one of the banks that belong to the central bank of Bahrain is the central bank of Libya which owns 59% the Bank of Bahrain.In fact the central bank of Bahrain has just recieved an special exemption from having it's assets frozen in accord with economic sanctions against Libya. Thats right folks Muammar Qaddafi recieved more than 70 loans from our Federal Reserve. HMMMMMM if you aint scratching yer head now you never will be.

No comments:
Post a Comment