PDA

View Full Version : Fed Enters $1.537 TRILLION in U.S. Dollars into circulation - THIS WEEK!!!!




RonPaulCentral
10-31-2008, 12:59 PM
CNNMoney.com
Banks borrow record amount from Fed
Friday October 31, 10:21 am ET
By David Goldman, CNNMoney.com staff writer

http://biz.yahoo.com/cnnm/081031/103008_fed_borrowing.html


So in this article the following caught my attention:

(1) The Fed reported that commercial banks borrowed a record $111.9 billion a day, on average, from the Federal Reserve's emergency lending window over the past week. That's up $6.1 billion from the $105.8 billion they borrowed in the previous week.

Ok... So lets see..... $111.9 Billion a day x 7 Days = $783 Billion Per Week

Ok, next.....

(2) Investment banks, meanwhile, borrowed $87.4 billion a day, on average, down $23.9 billion from $111.3 billion a week ago

Ok, so investment crooks, er I mean banks took $87.4 Billion x 7 Days = $611 Billion

(3) One such program, the Fed's Commercial Paper Funding Facility, has helped lower borrowing rates and provided critical short-term financing to businesses in desperate need of cash. The Fed said it has bought up $143.9 billion in commercial paper since the program began Monday.

Ok, so another $143.9 Billion spent by the good ol FED (And in 5 days!!)

----------------------

SUMMARY OF THE SCREW JOB:

$783 Billion - Commercial Banks (One Week Borrowing)
$611 Billion - Investment Banks (One Week Borrowing)
$143 Billion - Spent buying "commercial paper" (5 Days)

--------------

GRAND TOTAL $1.537 TRILLION IN DOLLARS ENTERS THE WORLD IN ONE WEEK THANKS TO THE CRIMINAL FEDERAL RESERVE BANKING EMPIRE.

And yet the dollar "rallies"..............

We are all in deep deep shit.

Carole
10-31-2008, 01:12 PM
CNNMoney.com
Banks borrow record amount from Fed
Friday October 31, 10:21 am ET
By David Goldman, CNNMoney.com staff writer

http://biz.yahoo.com/cnnm/081031/103008_fed_borrowing.html


So in this article the following caught my attention:

(1) The Fed reported that commercial banks borrowed a record $111.9 billion a day, on average, from the Federal Reserve's emergency lending window over the past week. That's up $6.1 billion from the $105.8 billion they borrowed in the previous week.

Ok... So lets see..... $111.9 Billion a day x 7 Days = $783 Billion Per Week

Ok, next.....

(2) Investment banks, meanwhile, borrowed $87.4 billion a day, on average, down $23.9 billion from $111.3 billion a week ago

Ok, so investment crooks, er I mean banks took $87.4 Billion x 7 Days = $611 Billion

(3) One such program, the Fed's Commercial Paper Funding Facility, has helped lower borrowing rates and provided critical short-term financing to businesses in desperate need of cash. The Fed said it has bought up $143.9 billion in commercial paper since the program began Monday.

Ok, so another $143.9 Billion spent by the good ol FED (And in 5 days!!)

----------------------

SUMMARY OF THE SCREW JOB:

$783 Billion - Commercial Banks (One Week Borrowing)
$611 Billion - Investment Banks (One Week Borrowing)
$143 Billion - Spent buying "commercial paper" (5 Days)

--------------

GRAND TOTAL $1.537 TRILLION IN DOLLARS ENTERS THE WORLD IN ONE WEEK THANKS TO THE CRIMINAL FEDERAL RESERVE BANKING EMPIRE.

And yet the dollar "rallies"..............

We are all in deep deep shit.
Did anyone else read or hear that some banks were "forced" to take loans and were not permitted to leave the room without signing up?


Here it is:

Secretary of Treasury Forces Banks to Take Quick Loans
http://personalmoneystore.com/moneyblog/2008/10/22/secretary-of-treasury-forces-banks-to-take-quick-loans/

October 22, 2008 8:32 am PaydayCashMan Breaking News, Predatory Lending
just as surprised as i was when learning that Treasury Secretary Henry Paulson had ordered Bank of America and several other banks to take quick loans even though Bank of America said that they did not need the money. I find two problems with this which are equally troubling.

Is our government becoming socialistic?

First, since when was the government able to order free enterprise working within the bounds of the law to sell out preferred shares to the government? This sounds a little like socialism to me.

Using taxpayer dollars?

Secondly, although it’s no surprise, the billions of dollars used for these seemingly socialistic transactions are made possible by you and me the taxpayer. Nice of Uncle Sam to force spending even when Bank of America said they didn’t need the government’s money.

Although forced upon them, Ken Lewis, CEO of BOA says that they will use the money to increase profits and will most likely pay off the loan within 4-5 years.
Hypocrits?

What’s equally awkward, or shall we say hypocritical is that our governments politicians have had the gall to impose regulation and bans on the Payday loan industry for it’s supposedly predatory lending practices.

Correct me if I am wrong but, a consumer has never been forced take a payday loan even when they said they didn’t need the money.

HOLLYWOOD
10-31-2008, 01:16 PM
Yeah, the NEW Federal Reserve's Commerical Paper program.

Here's what "THEY" are not telling you:

One the FED's Commercial Paper <===(I love that "PAPER" with FED correlation) all the Commerical & Investiment Banks are rolling over ALL THEIR DEBT (HIGH INTEREST RATES)
to the FED's CP rate of 1.5%


How would you like to have your 30 mortgage 6.5% loan refinanced to 1.5%?

How would you like to have your Credit Card Balances at 15-30% refinanced to 1.5%?

How would you like all your Small Busniess Loans refinanced to 1.5%?

How would you like your student/educational loans refinanced to 1.5%?

SO all the old debt on the Commercial/Investiment Banks books with Interest rates from, oh, 5% to 35% are refinanced by the FEDERAL RESERVE/U.S. Treasury and U.S. Government to 1.5% @ the EXPENSE of the American TAXPAYER!

ADD INSULT to INJURY...

ALl these institutions WRITEOFF the processing and expenses, IN ADDITION to a 30% SUBSIDY added to the loan amounts! Talk about VooDoo Economics... numbers can always be cooked to say ANYTHING TOO!

A Downright TRAVESTY on the American People~!

There's your Discrimination, Fraud, Fleecing, Theft, Manipulation, Trickery... of GOVERNMENT & the BANKS that OWN them and the ENSALVED MASSES!