In the kingdom of Cyprus, a certain Friar Minor asked the said lady to advise him as to what he ought to do about some doubts in his conscience, especially concerning the observance of the Rule of his order. When indeed the lady was praying for the abovesaid friar one day in the holy city of Jerusalem, Christ appeared to her and spoke to her, saying many things about the Order of Friars Minor. And at the end he threatens all property-owning religious with everlasting death. Book 7 - Chapter 20 SAINT BRIDGET PATRON SAINT OF EUROPE PART II Inwardly, however, the devil considered in this manner: 'Just as Francis with his humble obedience wishes to draw many from the world to receive great rewards in heaven, so this my friar - who will be named 'Adversary' because he will be the adversary of the Rule of Francis - will draw many in the Order of Francis from humility to pride, from rational poverty to covetousness, from true obedience to the doing of one's own will and to the pursuit of bodily pleasure.' And when the aforesaid Brother Adversary entered the Order of Francis, at once, at the devil's instigation, he began to think inwardly thus: 'I will show myself so humble and obedient that all will reckon me a saint. When the others are fasting and keeping silence, then I, with special companions, shall do the contrary: namely, by eating and drinking and talking so secretly that none of the others will know or understand this. Also, according to the said Rule, I cannot lawfully <b>...</b>

news IMPORTANT SPREAD! NWO EDF JFK War 911 William Cooper Rebel freedom Wow warcraft secret life UFO Alien Pleiadian obama girl Ron Paul God WW3 end combat fight attacked nuclear tanks latest breaking FEMA Trains Earthlasthope Matthew Ringrose conference under fire America president FBI prisoner NATO EU New World Order Death legend Christ Lord Global Universe Tea Party bluebeam Agenda 21 American idol stock Crash Comedy Evolution Dance Canada Food Codex economy collapse johnrigs 4321

This clip explains the massive fraud being perpetrated on humanity as we speak. US GDP is ~$15T; Entire PLANET GDP: ~$65T; BofA derivatives total $75T; Wells-Fargo derivatives $73T And they have moved those phony dollars to their commercial side, making them FDIC insured. WE are now on the hook for their crimes, for more money than the entire world produces over several years. This is the result of the repeal of the Glass-Steagall Act in 1999. Additionally, the UN estimates that the total cost to END WORLD HUNGER would be just under $200 BILLION per year. JP Morgan could feed the world for more than a decade with the money they currently sit on. As Hurley would say, "The numbers are bad!" From The Thom Hartmann Program, Free Speech TV 10/19. (Free Speech TV is channel 348 on DirecTV)

bank america jp morgan thom hartmann fraud derivatives fdic scam bankster economic crisis glass-steagall act wells fargo gross domestic product Economy fmaske

The Big TARP Lie. In case you missed this. Rpost from SaveOurSoveregnty3 From Dylan Ratigan Show Jn. 29thCopyright MSNBC 2010

ron paul debra medina peter schiff gerald celente alex jones barack obama scott brown healthcare new world order eicosane 175

HOLY BAILOUT: Federal Reserve Now Backstopping $75 Trillion in Bank of America's Derivatives Daily Bail October 19, 2011 This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This means that the investment bank's European derivatives exposure is now backstopped by US taxpayers. Bank of America didn't get regulatory approval to do this, they just did it at the request of frightened counterparties. Now the Fed and the FDIC are fighting as to whether this was sound. The Fed wants to "give relief" to the bank holding company, which is under heavy pressure. This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input. You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve. What this means for you is that when Europe finally implodes and banks fail, US taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure. www.infowars.com

alex jones herman cain derivatives trillions wall street crisis dollar collapse IRS The Channel

Former Belgian PM Guy Verhofstadt would like a stronger political union and billions more to ride out the crisis in Europe. Editor-in-chief at The Economist, John Micklethwait and Margot James Conservative MP join in the discussion.

Guy Verhofstadt John Micklethwait Margot James Euro Crash Markets Jeremy Paxman nsotd

Sen. Bernie Sanders questions Federal Reserve Chairman Ben Bernanke during a Senate Budget Committee hearing. Sanders asks to know who received almost $2.3 trillion in taxpayer loans from the Fed. Bernanke flatly refuses to answer.

bernanke bernie sanders ron paul discount window fed federal reserve senator sanders sen. sanders bernard sanders bailout Senator Sanders

More at therealnews.com US Federal Government has pledged $8.56 trillion in economic bailout for financial institutions so far

therealnews real news politics media bailout 8.5trillion usgovernment economy banks finances recession The

Trillions of dollars for the International Jewish Bankers Liten to the last 5 minutes here: www.davidduke.com www.davidduke.com Zero for Americas Auto industry and 10 million American employees. Federal Reserve told Congress and the American people that we must pass a 700 billion dollar bailout (theft) of taxpayers money that must be given to the Jewish-dominated international banks. At the same time the Jewish economic bosses dont want to give a dime to the overwhelmingly Gentile auto industry that employs 2 million Americans! The same Jewish international bank recipients of the bailout were the biggest contributors of Obama and McCain as illustrated by Jewish firm of Goldman Sacks, Obamas biggest single contributor at over $800000 (last FEC report before the election). Does that sound like change you can believe in? The Washington Post estimated that over 50 percent of national political funding comes from Jewish sources, a group only 2.3 percent of the population. The wealthiest and most powerful lobby in Congress is AIPAC (the American-Israel Public Affairs Committee). AIPAC is essentially a lobby for a foreign nation, Israel and every perceived interest of the Jewish community.

USA auto industy bailout David duke makers jewsih banks federal reserve You Now Hear The Truth

Jim Marrs is a former newspaper journalist and a best-selling author with focus on conspiracies and cover-ups. He's written "Crossfire", "Alien Agenda", "Rule by Secrecy" and "The Terror Conspiracy". His latest books are "The Rise of the Fourth Reich" and "The Trillion-Dollar Conspiracy". In this program we pan across the geopolitical spectrum and discuss zombie banks, how trillions of dollars went down the drain in bailouts, the history of the United States and the emerging global socialist dictatorship. We also talk about the Wikileaks distraction, Julin Assange, the control of the media and the attempts to control the internet. The TSA are now terrorizing Americans and visiting tourists, haven't the so called "terrorists" achieved their objective? Topics discussed: US tax dollars, the creation of money, power, Benjamin Franklin, American Revolution, Boston Tea Party, Knights of the Golden Circle, American Civil War, Financial Stability Board, socializing the banking system, charity & help, corporate control of the media, Wikileaks, Julian Assange, control of the Internet and more. www.redicecreations.com www.jimmarrs.com

Red Ice Radio

Walter Burien, continues to explain how Government and the IRS hides YOUR MONEY they have stolen in INCOME TAXES. March 13, 2010, Ontario, CA

Walter Burien IRS hidden Government money Trillions double book keeping Swindle Ponzi scheme slavery theft Bankgangsters gangster William Wagener On Second thought Freedom Law Health School Ontario Paul Ballmer Jesse James Al Capone Federal Reserve Bank IMF World Bank International Banks Rothschild rockefeller puppets Obama Bush Hillary Willie Clinton Paulson Hank Henry US Treasury williamwagener

Bob Pollin: Study looks at impact of 1.4 trillion in excess liquid asset holdings if put in productive investments

Banks Trillion Jobs Bob Pollin Study impact excess liquid asset holdings productive investments The Real News

How much longer will the people take this secretive not willing to give a straight answer banking system that has created the economic crisis just to further its own agenda, of which the ultimate goal is the complete and total control over the earth, its resources, the people, and ALL their fruits of labor, until the end of time.

federal reserve bank politics money 9/11 nwo conspiracy fraud elite criminals bankers high society unanswered question corruption dollar government media cnn nbc abc giampow

A second wave of home defaults will strike Banks in 2010-2012. Over $1.5 trillion dollars of bad home loans will threaten the banking system and risk economic collapse. Condensed from a 60 minutes expose. Video response shows Option ARM reset chart 2010-2012

Economic Collpse Paul Revere 2012

credit/source MOXNEWS

Michael Moore Keith Olbermann Wall Street Banker Bailouts Occupy Wall Street Media Blackout media hypocrisy Wall Street protest New York Protest Wallstreet Criminals Banker Fraud Trillions to Banks 2009 Bailouts The Secret Store

Keith Olbermann pointed out Wednesday night on Countdown that the major newspapers had been ignoring the five-day-long "Occupy Wall Street" protests, but would have scrambled to cover a similar-sized tea party protest. "Why isn't any major news outlet covering this?" he asked. "If that's a tea party protest in front of Wall Street about Ben Bernanke putting stimulus funds into it, it's the lead story on every network news cast. How is that disconnect possible in this country today with so many different outlets and so many different ways of transmitting news?" His guest, author Will Bunch, suggested the disconnect was caused in part by the news networks being out of touch with the pain of the 25 million Americans who are unemployed.

media hypocrisy media blackout Keith Olbermann Occupy Wall Street Wall Street protest New York Protest Banker Bailouts Wallstreet Criminals Banker Fraud Trillions to Banks 2009 Bailouts The Secret Store

500 banks could fail between 2010 and 2011 as Commercial Real Estate loans begin to default. Commercial Real Estate values have fallen 40%, but many of their loans must be refianced in the next 3 years as their loans reach maturity. FDIC has less than 10 billion dollars to cover what could be a Trillion dollar Banking loan default.

Banking Crash Economic Collapse Paul Revere 2012

Are you serioulsy still paying your mortgage? www.roadtoroota.com

n dylan fedup 101014 jsnip

trillionstars.com Clients often ask "Is Offshore Banking Legal?". We are here to say it most certainly is! Learn how owning your own offshore bank account can help you to reduce tax and grow your wealth.

Trillion Stars trillionstars.com http://trillionstars.com www.trillionstars.com legal minimize taxes asset protection online banking offshore private bank accounts safe investment euro swiss franc account annuities trillionstarsvids

FOX News - 1/27/09 - Because You Asked... "You Talked about the banks holding toxic assets. How many toxic assets are there?" www.foxnews.com Toxic Assets (Level 3 Assets) = Those things owned that may have a lower value than the original purchase, but it difficult to put a value on. According to the report, the top 5 Big Banks estimated $ of Toxic Assets: - Citigroup $157 Billion - J Morgan Chase $140 Billion - Morgan Stanley $78 Billion - Goldman Sachs $69 Billion - Bk of America $60 Billion ---- Total $505 Billion! Top 25 Banks = ~$13 Trillion Toxic Assets!! Another scary point is that there are some other soon-to-be toxic assets like - Student Loans - Auto Loans - Credit Card Loans Supposedly, these have not been figured in yet. Feeling good yet? :) Remember --- PREPARE, PREPARE, PREPARE

Toxic Assets debt economy banks celente peter schiff money recession depression Stealth 0031

Watch more at www.theyoungturks.com

the young turks cenk uygur barack obama economy executive pay bail outs money crazy toxic plan geithner tim commentary analysis documentary political commercial news grassroots outreach bankers banks wall street goldman sachs ubs merrill lynch financial times billions bonuses salaries citigroup vikram pandit

Treasury Secretary Timothy Geithner is preparing to unveil a plan today to purchase as much as $1 trillion in troubled mortgages and other assets from banks. The government is reaching out to hedge funds, private equity firms and sovereign wealth funds to help buy the toxic assets. The Obama administration has described the plan as a public-private partnership, but most of the actual money will be put up by the government. We speak with Nobel Prize-winning economist and New York Times columnist, Paul Krugman. www.democracynow.org

Paul Krugman Democracy now Geithner Plan toxic assets mediagrrl

7.77 trillion given to banks www.bloomberg.com Buffet losing his ASS on Bank of America www.zerohedge.com

streetmoney21 gold silver bank Silver streetmoney 21

www.pbs.org Much has been made of the $700 billion in taxpayer money used to bail out the banks in the Troubled Asset Relief Program (TARP). But Bloomberg News reporter Bob Ivry explains to NEED TO KNOW that the true cost was actually closer to $12.8 trillion. Need to Know airs Fridays on PBS. Watch full-length episodes of Need to Know at video.pbs.org

Bob Ivry Bloomberg News TARP bank bailout Wall Street Alison Stewart taxes Troubled Asset Relief Program Obama PBS

This goes all the way back to the FEDs 9/11 "blank check" policy. America, in debt for life, cant figure out where all the legacy wealth went. Bad risky business practices are rewarded with the peoples money when they fail. This is economics straight out of Benito Mousolinni's Fascist playbook, as he defined the term. The joining of the state and the largest businesses with a centralized controlled state bank with a graduated tax rate. A fair market would mean everybody pays the same rate on each dollar earned. Make 10 dollars, pay 5%, make 10 billion pay %5. Simple. The US Constitution says ONLY congress may perform the job of the FED, the Federal Reserve is illegal in America, they are the reason we are beyond in debt. 1 in 3 Americans lives below the poverty line and 1 in 7 are on food stamps because the FED has manipulated the dollar while causing the real wealth to disappear into low interest loans. People do not save when the interest rates are low, which causes the markets to heat up with speculation gamblers, which causes inflation. When the gamblers lose at the FED table, they get twice as much in winnings? Americans are in debt, individually and as a nation because the FED has done such a good job. EVERY word they have said since 9/11 was a lie and a gambling scam inside job for the richest people in the world, the US taxpayer lost and are now economically enslaved no longer independent, but globally dependent. Return to the Constitution and end all this theft <b>...</b>

Libya Gadaffi Hillary Clinton CIA Violence Protests Obama BP Oil Spill Pan Am Flight 103 Lockerbie Scotland Brittish FBI detonator Khadafi Reagan George HW Bush Greece Germany Covert Tony Blair Gaddafi's Son Gordon Brown Libyan Abdelbaset al Megrahi Gulf Terrorism Tanker Wars Mossad Bankers Energy Drill Baby Qaeda Radical Islam Maltese Double Cross 123 UK British Deal Straw Labour Cancer Mercenaries NWO New World Order Iran Contra Scum Did 911

Call Arnold Schwarzenegger (916) 445- 2841 (213) 897- 0322 North Dakota is one of only two states that are currently able to meet their budgets, and it has the lowest rate of unemployment in the country. The secret of its success is that it is the ONLY STATE THAT OWNS ITS OWN BANK. For 90 years, all the state's revenues have gone into the Bank of North Dakota (BND), which then leverages these deposits into many times that sum in loans, as all banks are legally allowed to do. The BND is a great model for California and others state, county and city governments to follow in forming their own banks, as the legislation has been well established for many decades. The BND is not at the mercy of Wall Street but is controlled locally, serving to protect North Dakota from the credit freeze and from the need to sell off its precious resources.

Ellen Hodgson Brown Web of Debt Arnold Schwarzenegger Bank North Dakota Citibank union wells fargo america westamerica wall street federal reserve bankers money depression farmers states solutions banks resources billions trillions ownership surplus wealth California fantastic credit toll roads taxes Russell Brand Conan O'Brien bakruptcy recession papahockeybear

Prime Minister John Key is selling NZ off bit by bit, and history shows us that he is probably profiting personally off deals made between relevant companies and the NZ Govt. download the mp3 here: trillion.bandcamp.com (free or donation) want to know all about john key's life? http and about John Key's plans to mine in NZ: www.megaupload.com aotearoaawiderperspective.files.wordpress.com THE SMILING ASSASSIN - Lyrics Who is going to arrest that man? the smiling assassin and who is going to address his plan and suppress his hand? lock him up and throw away the KEY We were too busy with the shake, rattle and roll we forgot to throw the snake back in the hole we're too busy with the wop bop a loo bop and wop bam boom we forgot to put the top on the shop box and lock that room we were too busy with the bomp shoo wop wop and ramalama ding dong we need to stop the clock and turn the grammar jammer thing on we were too busy with the hip hop body rockin doin the do we need to flip flop their shoddy plot and - ruined the coup I shape this ink to try and make you think skating rink - shrinking lake we can skate or sink start to take steps to change - the more sense it makes heart ache swept the brain of all dense mistakes a lie becomes inscribed when scrums are re-enacted playing tribe against tribe - bribes - guns and blankets government still finances our listening choices under a guise, while silencing dissident voices in an attempt to shut me down and remove my rights you will <b>...</b>

john key new zealand music christchurch earthquake mining deep sea oil drilling frack tourism south island scenic nztrillion

CNBC's David Faber on Bank of America and the banking system as a whole. Suggests we should have let them fail... Fed Up USA has been saying that for almost a year now. If we had done that then, we would have saved hundreds of billions, maybe even trillions... Video used under "fair use"

Bailout Wall Street taxpayer theft great depression deflation inflation hyperinflation printing press gold cobra 02411

Herman Cain supported the Big Banker Bailouts and chided those who believe in Free Market Economics... in his own words: 004eeb5.netsolhost.com I politely attempted to question Herman Cain on his support of the TARP Bailout and tried to obtain his opinion on the fact that billions of American Tax Payer Dollars went to Foreign Banks... As a Tea Party member who is deciding on who I should support for the Republican Primary I was shocked to hear him say "That's too long of a question to answer" Mr. Cain seems very protective of the Federal Reserve and their secretive financial transactions.. He has lost my vote... Which Banks borrowed billions/trillions from the Fed during the Financial Crisis? www.youtube.com www.bloomberg.com www.tennesseesonsofliberty.com

Herman Cain Herman Cain 2012 tea party herman cain for president ron paul end the fed federal reserve tarp herman cain exposed herman cain train TNSONSOFLIBERTY

Pentagon admits $2.3 Trillion missing and Rumsfeld calls it a matter of "life and death."

Rumsfeld Missing Trillions Pentagon Disgrace Powerless Americans Bubba Louis

On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns <b>...</b>

Bear Sterns Fannie Mae Freddie Mac Bankrupt Financial banking economy markets bailout kalanw

For the latest Peter Schiff, go to PeterSchiffBlog.com In 2008, at the height of the financial panic, the Federal Reserve loaned around $9 Trillion to failing banks. All of this was done without the knowledge of the people, and without even the knowledge of the Congress. Now, however, we are just finding out about it. It looks like these banks are immune to anything as long as they are in the good graces of the government. Unfortunately, this game cannot last forever. Not only is government debt spiraling out of control, but the value of the dollar itself is quickly dwindling. A trillion dollars is a staggering sum. It is enough to purchase every stock that trades on the Toronto Stock Exchange. However, if the Federal Reserve continues to inflate and devalue the currency, a trillion dollars may only be able to purchase a cup of coffee. Already, other countries all over the world are abandoning the dollar as their primary unit of trade. China and Russia have traditionally invoiced each other in dollars when they made trades. Now, they have determined that it would be more beneficial for them to use their own currencies.

peter schiff dollar crisis currency china russia federal reserve banks bailouts Peter Schiff Blog

Our government studied math with Ma and Pa.....So, now Sec. Geithner wants to put up 500 billion more to make banks happy so they lend US money again. . . how about lending it to the people whose children will pay for it ? 75 billion for mortgage relief. . .how many homes have they saved? our economy will not recover until consumer spending returns (6Trillion+/-? ? ?) and consumer spending will not increase until foreclosures stop. .. apparently, our "government" only has value in empty houses, not homes. . wall street loves this! ! ! the market rose 500 points on "the new plan" they play with. . as more AMERICANS become homeless. . .Weimar cometh! - the "Federal" Reserve lent $16 trillion to both domestic and overseas financial institutions from Dec. 1, 2007 - July 21, 2010. More than $3 trillion dollars were lent to overseas financial institutions in numerous countries, including in the UK, Germany, and France. banks who created the crisis were rewarded - including nearly $8 trillion to banks like Citigroup, Morgan Stanley, Merill Lynch, and Bank of America. they're the "GRAND THEFT BANKSTERS & THE PROSTITICIANS" band. - "The bankers own the earth. Take it away from them, but leave them the power to create money, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the <b>...</b>

bailout math deficit spending tax revolt bankruptcy obamath congress timothy geithner tea bag toxic assets home foreclosures federal reserve gold standard credit default swaps aig legacy quantitative easing mercantilism senate house of representatives weimar republic economic collapse debt ceiling dylan ratigan glenn beck TARP obama bush rant heard round the world crisis economy schiff keynesian austrian school dollar financial wolfgangfaust

On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns <b>...</b>

Bear Sterns Fannie Mae Freddie Mac Bankrupt Financial banking economy markets bailout kalanw

Congressman Dennis Kucinich (D-OH), a longtime advocate for reform of the Federal Reserve, is sharply criticizing the Federal Reserve today after Bloomberg news reported that the Federal Reserve secretly committed nearly $8 trillion in support to American and international financial institutions during the 2008 bailout. Kucinich recorded a video for his website before going to the floor of the House of Representatives to call upon Congress to reclaim its Constitution primacy over monetary policy. The Fed Grants $7.77 Trillion in Secret Bank Loan - Now Do You Understand Occupy Wall Street? Source: www.youtube.com Kucinich's website: kucinich.house.gov

kucinich federal reserve Planet Earth Awakens 01

Watch full episode 199 of Keiser Report on Thursday. This week Max Keiser and co-host, Stacy Herbert, talk about the European penny drops as more banks need more bailouts while the public debt clock ticks up to $40 trillion. In the second half of the show, Max Keiser interviews Michael Betancourt about the threat that Occupy Wall Street presents to our modern form of capitalism that relies on ignorance and passivity in the population in order to operate schemes of fraud and bubbles. KR on FB: www.facebook.com

RT Keiser Report Max Keiser Stacy Herbert Saifedean Ammous analysis Goldman Sachs JP Morgan Fed Ben Bernanke IMF economy finance banksters Keiser RT maxkeiser.com gold price silver price Euro dollar currency war crash crisis deficit debt Wall Street stock markets crash jp morgan buy silver bankrupt Episode 199 E199 Russia Today

On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns <b>...</b>

Bear Sterns Fannie Mae Freddie Mac Bankrupt Financial banking economy markets bailout kalanw

On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns <b>...</b>

Bear Sterns Fannie Mae Freddie Mac Bankrupt Financial banking economy markets bailout kalanw

Under the surface, the Rothschilds long had a powerful influence in dictating American financial laws. The law records show that they were powers in the old Bank of the United States [abolished by Andrew Jackson]. Rothschild quotes: "Give me control of a nation's money and I care not who makes the laws." "I care not what puppet is placed on the throne of England to rule the Empire, ...The man that controls Britain's money supply controls the British Empire. And I control the money supply." "We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent."

The Rothschilds controls gold market! ANONYMOUS 7787