25 Fast Facts About The Federal Reserve You Need To Know Dow Jones Industrial Average 2

Post on: 6 Октябрь, 2015 No Comment

25 Fast Facts About The Federal Reserve You Need To Know Dow Jones Industrial Average 2

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#3  Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.

#4  The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#5  In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle .

#6  The following comes directly from the Feds official mission statement. To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.

#7  It was not an accident that a permanent income tax was also introduced the same year  when the Federal Reserve system was established.  The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#8  Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#9  If you can believe it, there have been 10 different economic recessions  since 1950.  The Federal Reserve created the dotcom bubble, the Federal Reserve created the housing bubble and now it has created the largest bond bubble  in the history of the planet.

#10  According to an official government report, the Federal Reserve made 16.1 trillion dollars  in secret loans to the big banks (NYSEARCA:XLF) during the last financial crisis.  The following is a list of loan recipients that was taken directly from page 131  of the report

Citigroup — $2.513 trillion

Morgan Stanley — $2.041 trillion

Merrill Lynch — $1.949 trillion

Bank of America — $1.344 trillion

Barclays PLC — $868 billion

Bear Sterns — $853 billion

Goldman Sachs — $814 billion

Royal Bank of Scotland — $541 billion

JP Morgan Chase — $391 billion

Lehman Brothers — $183 billion

Bank of Scotland — $181 billion

BNP Paribas — $175 billion

Wells Fargo — $159 billion

Dexia — $159 billion

Wachovia — $142 billion

Dresdner Bank — $135 billion

Societe Generale — $124 billion

All Other Borrowers — $2.639 trillion

#11  The Federal Reserve also paid those big banks $659.4 million  in fees to help administer those secret loans.

#12  The Federal Reserve has created approximately 2.75 trillion dollars  out of thin air and injected it into the financial system over the past five years.  This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.

#13  We were told that the purpose of quantitative easing is to help stimulate the economy, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars  in excess reserves that they have parked at the Fed.

#14  Quantitative easing overwhelming benefits those that own stocks and other financial investments.  In other words, quantitative easing overwhelmingly favors the very wealthy.  Even Barack Obama has admitted  that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.

#15  The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s .


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