Number of posts : 1827 Age : 71 Location : UK Humor : yes lots Registration date : 2010-12-18
Subject: Federal Reserve Admits 'We Have No Gold' Sat Aug 27, 2011 10:06 am
Federal Reserve Admits 'We Have No Gold'
Saturday, 27 August 2011 07:19
'The following exchange between Congressman Ron Paul (R-TX) and the Fed's attorney Scott Alvarez proves, without a shadow of a doubt, that The Federal Reserve has no gold backing the US dollar. Most in the alternative news sphere suspected it - now it's fact.'
Biggles Senior Member
Number of posts : 5650 Location : Melbourne, Australia Humor : Some things just aren't funny. Registration date : 2009-03-12
Subject: Re: Federal Reserve Admits 'We Have No Gold' Sun Aug 28, 2011 10:56 pm
That's because those rotten thieves stole bloody all of it, hang em high I say.
micjer Senior Member
Number of posts : 5325 Age : 63 Location : canada Registration date : 2009-01-23
Subject: Re: Federal Reserve Admits 'We Have No Gold' Sat Sep 17, 2011 6:44 am
Unelected, Unaccountable, Unrepentant: The Federal Reserve Is Using Your Money To Bail Out European Commercial Banks Once Again
For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to. Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress. Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit. Does that sound preposterous? Well, such an organization actually exists. It is called the Federal Reserve, and today we found out that once again the Fed is going to be taking huge piles of your money and loaning it to commercial banks in Europe. The Congress cannot overrule this decision. Neither can Barack Obama. Because it has so much power, many refer to the Federal Reserve as "the fourth branch of government", but unlike the other three branches of government, there are basically no significant "checks and balances" on the Federal Reserve. If you don't like the fact that the Federal Reserve is racing in to help big foreign banks survive the European debt crisis that is just too bad. The Federal Reserve pretty much gets to do whatever it wants to do, and the folks over at the Fed simply do not care whether you like that or not.
So what in the world just happened today? The following is how an article
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Subject: Re: Federal Reserve Admits 'We Have No Gold'
Sat Aug 27, 2011 10:06 am
