Judge Napolitano weighs in on the recent actions of the Federal Reserve, and asks why now is the opportune time to officially introduce the next round of quantitative easing:
The job of the CIA is to steal and keep secrets. We know far more about the CIA than we do about the Federal Reserve. Its members are appointed by the President and confirmed by the Senate, yet it’s a private bank that makes its own money, regulates the economy, and can print money. The Federal government doesn’t print money. The Federal Reserve prints money.It’s not federal. It’s not a reserve. It’s a private bank.…Why is it flooding the market with cash?…He’s going to create out of thin air forty billion dollars in cash and put it in the accounts of the Federal government. That is more cash chasing, available for, the same amount of goods and service.Answer: inflation.What goes up first? The thing we use the most… Fuel, food…beer.
In 2008, as Presidential election day was approaching, the rug was pulled out from under U.S. stock markets by restricting the flow of capital to banks and the broader economy. The crash and subsequent economic crisis was used as a means to torpedo John McCain’s Presidential hopes and propel the policies of progessive socialists and Barack Obama into the spotlight.
It looks as if the Federal Reserve may very well be engaging in politics yet again, this time helping to maintain stock market levels. Barack Obama is in a close race with Mitt Romney, and a stock market crash would certainly put the final nail in the coffin of his campaign. The powers that be have decided that now is the time to pump more money into markets, which is strongly supportive of the current administration.
It’s simple, really. If markets crash Obama is out and Romney is in.
Mitt Romney, for his part, has now come out against the Fed and called for transparency. He must know that they have conspired against him.
But is Mitt Romney really any different with respect to his position on the fractional reserve monetary system?
Via Alt Market:
It is nice to see this kind of information finally being exposed in the mainstream media. What I would like to know, though, is where was Fox News or any other MSM outlet five to six years ago? Was it not Fox News pundits that laughed at Peter Schiff when he was warning about the Federal Reserve and the housing bubble? Where was their vigilance against the Fed when Bush was in office? And by the way, where was Mitt Romney’s opposition to the Fed back in 2008? The answer is, there was no opposition. Fox and Romney defended and even idolized the central bankers including Bernanke when it suited their interests. Today, it is the goal of the Neo-Cons to lure the Liberty Movement back into the controlled GOP fold, which is exactly why, all of a sudden, Mitt Romney and Fox are allowing Napolitano to unleash this damaging information in a national venue. Romney takes his marching orders from the same banking masters as Obama, and will never truly oppose the Fed. Their goal is to make you “believe” in the system once again, so that they can stab you in the back one last time…There was a time in America when usurping the nation’s currency was a crime:
And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to the directions of this act, through the default or with the connivance of any of the officers or persons who shall be employed at the said mint, for the purpose of profit or gain, or otherwise with a fraudulent intent, and if any of the said officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined, or any of the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death.Today, this debasement that was at one time punishable by death is business as usual.
Coinage Act, 1792
If you print money we call it counterfeiting and the punishments are severe.
When the Federal Reserve does the same thing we call it inflation and they are revered.