Posts Tagged ‘the fed’

From The MindsiMedia Daily “How Is It Possible The Fed’s Image Can Be Tarnished Further?”

January 15, 2012 2 comments

“At this point it should be universally known that the Federal Reserve Board has been guilty of disastrous incompetence. It allowed an $8 trillion housing bubble to grow unchecked”…….

To finish this story and read more of today’s news visit our new daily news site.

The MindsiMedia Daily.

And a couple of related videos from our Alternative Views series uploaded by Mindsi2.


Dylan Ratigan Breaks-Down Tim Geithner. In Print & On Video

October 26, 2011 Leave a comment

In any list of what’s wrong w/ the Obama administration near the top would be Tim Geithner. One of the architechs of our financial disaster steering our economic ship? What’s wrong with this picture? MSNBC’s Dylan Ratagin not a big fan either.  As we discover in tonight’s post  with a column from Huffington Post and a clip from his show.

Platinum Citizenship

Huffington Post 10/17/11

“I’m not interested in a sob story about inequality, I want to talk about what Geithner *did*, structurally to bring about this situation. We’re all aware of the two tiered political system in which protesters can be run over by police scooters but marauders in suits are put on the President’s jobs council to chuckle nervously at Occupy Wall Street. But behind the political inequality lies a new order of credit allocation. Tim Geithner created a two-tiered monetary system, a kind of money they have which you can’t get. He wasn’t alone in doing this. Financial institutions spent hundreds of millions of dollars influencing federal officials to coalesce a bailout while politicians treated them as a special class of super Americans. But he more than anyone else in the crisis period was the central figure in the creation of our current aristocratic monetary order.”

To read this entire post click here.

Alternative Views #478. FED UP A Look At Trickle Down Economics & The Fed

October 9, 2011 Leave a comment
From: Mindsi2
Alternative Views was along running public access show out of San Antonio Texas. It’s a great muckraking show that didn’t have a lot of style or production values but it did deliver the truth. We have several different episodes, including an interview w/ Ron Paul, posted on our site.

Here we offering an edited version of Alternative Views #478. Host frank Morrow with economist Jack Hopper reviews two books on the Federal Reserve, which provides a close-up of this secretive and powerful organization. The books are “Secrets of the Temple,” by William Greider, and “The Secrets of the Federal Reserve,” by Eustace Mullins.

The books show the history and incredible, unchecked power of the Fed to control the US economy, to effect the outcome of presidential elections, and to wreak havoc on the American people while enriching the wealth of the powerful people and institutions controlling the system. The complex workings of the Fed are discussed.
There is also a discussion on Ronald Reagan’s trickle down economics and its disastrous impact on the economy.

For the complete hour long show

Occupy Chicago 9/30/11 & Some Protest History

October 4, 2011 Leave a comment

Uploaded by on Oct 2, 2011

I went downtown Friday night to capture some history both todays Occupy Chicago and the great beer hall riot from the 160 years ago. Chicago has a rich tradition of protest and demonstration.

     One of the first and most violent was the Lager beer riot in April of 1885. It all started when a Levi Boone ( a nephew of Daniel) was elected mayor in 1855. His party was anti immigrant, anti-Catholic and anti booze. They were known as “the know nothings” a forerunner to todays tea party. One of his first acts in office was to increase the licence fees on taverns 600% and close them on Sunday. The Germans who like their beer were not happy and felt they were being targeted. When the first Sunday came they ignored the law and a large number were arrested. A hearing was held for the prisoners on April 21 at the old Chicago courthouse.

On this site now sits the Federal building which we see in the video from the corner of Clark and Adams. At this hearing about 500 supporters showed up,some of them carrying rifles. They were headed off by the police and sent back to their enclave just north of the Chicago river.

Later they returned with reinforcements and began crossing the Clark street bridge. As they were crossing the bridge was raised stopping the marchers and trapping some on the south side. A battle ensued where one protester was killed and many on both sides were injured. In the end the mayor Boone backed down giving the protesters a victory.

And here we are in the 21st century and the sounds of protest still ring out in the loop. Over the years the issues have evolved instead of the right to drink on Sundays people are looking for economic justice. It’s an inspirational group of people that are have come together to try and do something about what is going on in this country. It is open to anyone that wants to join and take part in the discussion. They deserve your support.

For more info.

For more videos from the various occupations under way and explore some of the issues visit our YouTube station Mindsi2 / Occupation TV


Bernie Sanders: The Fed Audit $16 Trillion In Corporate Welfare

 Once again while other politcians talk about things we should be doing Senator Bernie Sanders gets it done. Want an audit of the Fed put in an amendment in a bill that has to pass.

From the Office of Senator Sanders –

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

To read the entire postand see the GAO report click here.

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