Monday, April 12, 2010

The Great Con Job

I never thought I would agree so much with an MSNBC segment. From the Dylan Ratigan show exposing the way the FED is killing our economy. Time to start thinking creative to combat the workings of the Federal Reserve. But first, from John D. Rockefeller. Lazy, smart, wrong, business savvy, evil; you decide. "I would rather earn 1% of100 people's efforts than 100% of my own efforts."

Our banking system in a nutshell.
1) The FED has no money, yet issues currency to our banks at low interest rates, say 2%.

2) Our banks own nothing, well they kind of own everything in a sense, either way they take their borrowed money at 2%, and then lend it to us at, let's say, 5.5%.

3) The lender see 5.5% as a great rate comparable to previous years and buys houses, cars, clothes and gas.

4) This "spare change" is then taken by executives as they get fat while we scramble to pay our mortgage. Must be a coincidence.

5) The future: Nothing can sustain AND IF WE DON'T WAKE UP THE ONLY OUTCOME WILL BE TAXATION TO DEATH. There's simply no other solution. We will become a nation of two classes, only the division will not be based financially, but rather based on who wears the uniform and who doesn't.

http://www.msnbc.msn.com/id/21134540/vp/36233217#36233217

God bless America

No comments:

Post a Comment