Burnanke Saves Bear Stearns While Americans Live In Tents

After bailing out America's broke banks to the tune of $200 billion, the Federal Reserve turned their philanthropic eye to Bear Stearns, and they're not even a bank! In a similar exchange to the bank bailout, Bear Stearns traded worthless mortgage backed securities for Treasury notes.

The Fed, having pledged $30 million in Treasuries to the bankrupt firm, and $200 billion to the broke banks, now owns the homes of almost a quarter of a million Americans. Meanwhile, Illuminati controlled JP Morgan Chase just announced that they had bought Bear Stearns for a paltry $236 million.

And while most devastating to the working and middle class, even the wealthy are loosing their homes. Maryland recently reported that the total number of foreclosures this year alone equals 40% of all homes sold in 2006.

"The worst is yet to come," warned Eric S. Friedman, director of Montgomery County's Office of Consumer Protection. "A lot more adjustable-rate mortgages are going to be resetting in 2008 and 2009."

In a very real sense, the Federal Reserve has just perpetrated the biggest land grab in the last 100 years by trading worthless paper for real estate. Now good people, United States citizens, having been sold out by their government and stripped of their homes and property, must live in tents and shanties, while criminal, predatory bankers get rich and fat off of the sweat and effort of our country.

This is economic destruction and financial slavery. It has to stop. The press in this country are obviously propaganda outlets controlled by the Elite. Why else wouldn't they warn us? Why else would they omit such a serious breach and cover up the fact that their own countrymen are living outside?

Bernanke Gives Green Light To Tank Dollar

Today's news that the Federal Reserve Chairman will pump $200 billion into the banking industry, while creating a noticable uptick in the Dow, is rife with serious implications.

Once the giddiness wears off, the banks and brokerage firms will be saddled with such an astronomical amount of debt that this move can only be seen as another step in the "orderly decline of the dollar," which is the stated policy of the Bush Administration.

The aggregate bank reserves in the United States were aproximately -$17 billion. That means everything that the banks are using to show liquidity are debt instruments. Adding another $200 billion will not, as Bernanke claims, "promote liquidity," any more than it would to a consumer whos credit card company increased the limit just so that person could pay the bill.

This move also underscores the dangers banks are in, and the Feds move merely confirms that all banks are broke. If they are not propped up, they will fail immediately. The Feds move comes on the heels of an intended rate hike, and can only serve to debase the dollar even more.

Comming on the heals of Ex-Fed Chief Alan Greenspan's calls for OPEC to "de-peg" both it's currency and oil prices from the US Dollar, it seems the language and actions of the Bush Administration and the Federal Reserve, it seems their intentions are to ruin the American economy.

Just the aggregate bank reserves alone are a signal of doom, even without the addition of $200 billion, and is going to have the result of massive inflation. The floodgates have opened, and oil, gas, wheat, and corn, the basic neccesities of every American, now cost more, alot more.

Once We The People are bled dry, what next does the United States Federal Government have in store - martial law?

Economic Forecasts Dire According To Expert

John Williams, a leading economist and advisor to fortune 500 companies and hedge funds, stated on CNN Money that the United States can expect "the worst business cycle seen since the Great Depression."

Interviewed today on the Alex Jones Show, Mr. Williams went further. In order to illustrate the seriousness of the current situation, Mr. Williams told listeners that a one hundred dollar bill would be worth more used as toilet paper. The United States dollar, falling every day to historic lows against the Euro and Yen, is on its way to being literally worthless. It is merely a matter of time.

Mr. Williams went on to explain that Americans can expect a worstening recession and higher inflation, which will lead to a depression that will rival that of the 1930's. Todays economic news merely confirms that we are heading for a serious economic storm.

For the first time since 1945, banks own more of the equity in real estate than homeowners, and home forclosures are at a record high. Americans are loosing their homes and todays jobless report showed a loss of 63,000 jobs. These two factors alone should sgnal an emergency. Add to that the falling dollar and rising commodities, and it is clear that the nation is in trouble.

These predictions, also supported by other top economists such as Yale Universities Robert Shiller and Nouriel Roubini of NYU merely add credence to the seriousness of the situation. When the economic dream team says something, people need to listen.