Wednesday, January 27, 2010

Federal Reserve Operations Nut-shelled

"The Fed's "independence" means the banksters' freedom to take in $1 in deposits, set aside 3 cents in reserves, lend $1 at effective 33:1 leverage at a growth rate of 7-10%/yr. at a doubling time of 7-10 years, go broke once a decade, and have the US Treasury make them whole so they can do it all over again." --Hypocrite Bernanke and his Political Pandering; Bernanke Buys Votes

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