Federal Reserve Fiat Money 2 Trillion New Dollars Created
December 10th, 2009 | by BGuzzardi |
Fed’s Fiat created $2,000,000,000 new currency-and some benefitted more than others from the Federal Reserve, the central government’s central bank, controlling a cartel of banks, currency and credit and the means of financing the means of production.
In addition to Debts, Deficits, Spending and Taxes, there is the core issue of debasing the currency by the Federal Reserve’s Fiat power to create new currency without any underlying value, that is, the currency does not represent real goods and real services that real world consumers value. And now, the Federal Reserve, the central government’s banker refuses to disclose what happened to the money. Some of us have our suspicions.
“Facing a banking collapse that was unlike anything it had seen since the Great Depression, the Federal Reserve created $2 trillion of assets and debts during the past year to rescue the nation’s financial institutions. But it did not make clear to taxpayers just where all of this money went. Taxpayers—involuntary investors in this case—have a right to know who received loans, in what amounts, for which collateral, and why specific loans were made.
The Fed says taxpayers don’t have the right to know these things. What’s more, it went to court to resist giving an accounting of its actions under the Freedom of Information Act. The request was filed by Bloomberg News through its parent, Bloomberg LP. “