CofCC News More NewsObama is still borrowing Trillions of dollars. However, the Chinese and many other countries have stopped lending. 61% of all new US bonds are being bought by the Federal Reserve with money that was created out of thin air. In other words, 61% of all the money that Obama is now borrowing is being printed [...]
Italy borrowed and borrowed until their national debt greatly exceeded their GDP. Now they have to borrow just to pay the interest. Meanwhile massive taxes have driven much of the economy underground, so fewer and fewer citizens are actually reporting their full income. (Think California) In order to receive another $30 Billion in loans, the [...]
The award winning 2010 documentary on the US banking system is now available online in a new updated version. Click here to see the national debt clock.
The Federal Reserve Bank is not Federal, has no reserves, and is not really a bank. It is privately owned and it’s list of stock holders is a secret. Even the president and congress are forbidden to see it’s records. US Senator Jim DeMint tells why we need to audit the Federal Reserve. While the [...]
Not since the 1930′s have Americans been so aware of the damage that the Federal Reserve is doing to our money. Just a few years ago, most Americans still believed that the Federal Reserve was part of the US government. Conservative/Populist orator Father Coughlin in 1936. The current indictment against the Federal Reserve. Click Below [...]
The Occupy Wall Street “movement” has been taken over by the re-elect Obama campaign. From Infowars.com… Many people have rightly pointed out that the Occupy Wall Street protesters are a diverse bunch with different beliefs, and as such have no single set list of demands. However, the one message that has been embraced by the [...]
Former Federal Reserve Chairman Alan Greenspan say there is no chance of a US default on debt. This is because the US can simply inflate the currency to make the debt smaller. Greenspan blamed Italy, not the US, for recent destabilization of global markets. Read Article.
Of course numerous politicians did not just enable the banks, they were demanding high risk mortgage schemes. Jimmy Carter, Bill Clinton, George W. Bush, Barack Obama, Barney Frank, and much of the congressional black caucus were on the forefront of demanding banks make high risk mortgages in the name of “increasing minority home-ownership.” When a [...]
