It never ceases to amaze me how the mainstream media completely fails to recognize what the U.S. Federal Reserve really is, what it historically represents, and where it’s interests lie. Media mouthpieces continually hail Bernanke as if he was some modern day monetaristic Moses, come down from the mountain with the holy tablets of economic salvation, hanging on his every word as if he somehow has the power to save America’s economy, or that if he somehow did have that power, he actually would.

The Federal Reserve, a.k.a. the creature from Jekyll Island, was literally established to destroy America financially. It was planted into the roots of our nation as a foreign parasite, feeding upon U.S. sovereignty just as any central bank feeds upon the credit it ultimately extends its government host (and by extention its taxpayer base). It’s only benefactors, as is usually the case with any private bank, are its shareholders, which consist of an international consortium of too big to fail banks, whose “too big to failness” is partly owing to the Fed.

This is another reason why we endorse publicly-owned State banks, whose sole “share-holders” are State taxpayers, to extend untainted, job creating credit, instead of laundering special interest stimulus through the global money-chain.

Unlike a publicly owned State bank, which provides credit, start-up capital, educational funding, sound investment opportunity and financial security to account holder’s, the FED provides very little in the way of opportunity, risk mitigation or security to the United States. One could argue quite successfully that it debiltates all three, and it certainly draws much more than “interest” from taxpayers–all of which certainly benefits its global shareholders.

And yet, the media acts as though Ben Bernanke has the best interests of America, and the American people, nearest and dearest to his heart. It hangs precipitously upon the event of his every remark, and reports upon them with great gravity and sincerity, despite the fact that they are reporting upon little more than the contrived deceits of an oddly well-respected but dishonest banker, who continues to operate in a very dishonest way, hiding his books from the American people (fighting FOI audits all the way to the Supreme Court) in order to protect the best interests of his multi-national shareholders.

Certain financial analysts have a slightly less reverant opinion of Bernanke and the FED’s egregious failure to contain systemic risk and foster full employment. Frankly, Al Queda has done a better job of promoting religious tolerance and peaceful diplomacy than the FED has in guiding the US economy into safe harbor. In Martin Weiss’s recent article, Bernanke Hallucinating, he at least accurately depicts the current state of economic collapse, specifically debt buildup and liquidation, under the so called “leadership” of Bernanke’s interest rate decisions and massive post credit- collapse interventions:

… in proportion to GDP, the debt buildup before the (first Great) Depression — as well as the debt liquidations during the (first) Depression — were not as large as they are now.

Forget about all past promises of a double dip recession. Don’t even expect the current situation to compare to the FIRST DEPRESSION enabled by the FED.

For the remainder of 2010, it will slowly filter through the mainstream media how the Fed, together with its TBTFs, created a massive series of ficticious wealth bubbles, from tech stocks to mortgage backed securities, as the last hurrah of a failed fantasy voyage that we embarked upon back in 1913 when the Creature was conspicuosly contrived.

A Creature which unleashed not 1 but 2 Great CREDIT COLLAPSE cycles, with the second dwarfing the first–and ending with a face-off against the United States Supreme Court, to either continue it’s opaque operations, or reveal to the American people it’s true charter, its true objective, and the means to which it justifies those nefarious ends.

Until then, if the mainstream media could dislodge it’s permanently impacted nose from Ben Bernanke’s ass, I think it would go far to restore some faith in the free market’s ability to finance some honest reporting, despite the Trilateral controlled Reuter’s agenda.

You Should Also Check Out This Post:

More Active Posts: