Monday, June 14, 2010

Looks Like Magic

Many have heard us talk and post about the Federal Reserve and wonder aloud how they were able to "buy" trillions of dollars worth of crappy mortgages from the banks....and now magically turn those banks around so that today they are making billions of profits....using money that WE ARE ALL ON THE HOOK FOR!

Where did the Federal Reserve get trillions of dollars to buy anything?

In this youtube video I will link, watch for Ron Paul to ask the same question from Federal Reserve Chairman Ben Bernanke.

Notice how the Chairman smiles and nods his head when Paul points out that they are simply printing paper....and the world seems to be OK with this latest illusion.

See it here; http://www.youtube.com/watch?v=CtvHAqK8P14

It's like magic!

Also be sure to notice when the discussion turns to the IMF (International Monetary Fund) and Paul asks how Greece could contribute 2.5 billion dollars to an IMF Fund that will be used to bail out Greece!

Honestly, you can't make this stuff up!

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