The Blog of Walker quotes Doug French, via the Mises Institute, thusly:
"In response to the meltdown of financial institutions, unprecedented power has been unleashed by the federal government. Between actions by the Federal Reserve, [emphasis mine] the TARP, guarantees made by the FDIC, and other direct bailouts, the total comes to nearly $8 trillion. That's over 30 times the inflation-adjusted cost of the S&L bailout, according to Bianco Research."
Well, guess what. The Federal Reserve is not -- and never was -- a legal government entity. It is a BANK. And what a mutha-lovin', money-scamming bank it is. (Along with the International Monetary Fund and the World Bank.)
Please watch this for an education on just why we're in the mess we're in.
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2 comments:
Thanks for the link!
~waving~ :)
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