Showing posts with label federal-reserve. Show all posts
Showing posts with label federal-reserve. Show all posts

Where did the Bailout Money Go?

Posted by Mike at 1:55 AM

John Stossel on ABC 20/20 (12/19/08)"While the media focuses on those billions, the Federal Reserve Bank is quietly committing trillions of your tax dollars. What collateral did the fed get for its trillions in loans? They won't say.Where has the Fed put trillions of your dollars? The Fed won't say.The answer to the question, "Where is the Money"? is "We don't know!" They say, "It's a secret""

Peter Schiff: Gold is Money

Posted by Mike at 1:50 AM

Schiff is as "good as gold" in this early 2008 interview on Fox Business. Money retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy.And, he warns of coming bankruptcies for Freddie and Fannie.Are people listening now?