The Secretive Federal Reserve System Sued: Freedom of Information Act Doesn’t Apply to Non Governmental Organizations

Our hats off to Bloomberg News for trying to gain information closely held by the nefarious Federal Reserve System, whose role in our economic demise is “suspect” to say the least. The Fed has been playing Santa Clause of late, as personified by smiling Ben Bernanke, pretending to work so hard, to manage the economic crisis that the Federal Reserve probably created.  Trillions of dollars have been destroyed or transferred from our 401k to either oblivion or some unknown destination.  The rational for future hyper inflation has been laid as well as the seeds of the destruction of the US Dollar. It’s well known that the socialist nations of Europe, and the United States, have a serious problem with entitlement programs like Social Security and Medicare.  Frankly, these social programs are bankrupt and can’t pay up without a massive transfer of wealth from everyone who did it right to those who did it wrong. Government spent the money it collected for these programs on social engineering experiments and political corruption and the money is long since gone.  

It also wouldn’t do for the socialist governments, who specialize in soul sapping dependence on the government, to completely fail and discredit the most effective method to manage the masses, for a ruling oligarchy, ever invented.  The entire planet is in dire straits from the economic depression and planetary unity will come when some wonderful chap steps forward with the solutions that restore world economic stability.  Until then, the lifestyle of the West is falling to the lowest common denominator, as the middle class morphs into a bizarre universal poverty.

Most of the world elites have been looking for a way to implement a new world order, a one world government, and it’s clear that it will come from economic “reforms” necessary to rule the global economy.  From that key point the economic control will likely expand to include more and more social systems, beyond the economic, and where it stops is anyone’s guess.  In our present system, the most powerful branch office of the New World Order is arguably the oldest component: and it’s the western world’s central banking system featuring our very own Federal Reserve System.  Any organization that takes on the Federal Reserve takes on the real power driving our world: so once again I say hats off to Bloomberg for trying to get answers from the real power on earth.

Thomas Jefferson said that a central bank was far more dangerous than standing armies.  Barron De Rothschild said “give me control of a nations currency and I care not who writes the laws”.  There are reasons that Eisenhower warned of what he called the Industrial Military Complex (It’s really the central bank puppet-masters under a favorite alias)  These Central Bankers have been jerking the chain of western governments and ours since the days of Woodrow Wilson and there’s no end in sight.

It’s a fact that before the Great Depression the big money running the Fed pulled out of the market and by the end of the depression these multi millionaires emerged and the world’s first multi billionaires.  If history is to repeat itself than these multi billionaires running the Fed will emerge on the other side of this depression as Trillionairs and will in fact be “the masters of us all”. It started in Europe before the United States but it’s been a cancer in the American Experiment since Woodrow Wilson.  Consider this odd fact of history and ponder why this would be so:  Adolf Hitler continued to pay war reparations to France,  for world war I, until one month before he shot himself in his bunker in Berlin. Since Hitler defeated France early in the war, in a two week campaign, why would he continue to pay reparations to France for years to come? Hitler did it to keep the central bank powers happy because he would have been finished if he had lost their support and he knew it.

I say all that to say this:  There is a transnational power that intervenes in world affairs, it seeks to control world affairs,  it’s based on the world central banking systems that’s very real and that is now engaging  in a “hostel take over” of the United States of America. The Federal Reserve is not really taught in schools and its actions, and role in our society, remain shrouded in mystery and spoken of in hushed tones. the President and the Congress tremble at what actions this mighty, independent, organization of international bankers might take, that will surely dictate the course of the economy. The power of Central Banks seems greater than the world’s governments and the people who run this system are shrouded in mystery and secrecy. 

The Bible says that the love of money is the root of all evil and the Federal Reserve System (Central Bank) is an organization that is the personification of the “love of money” and if it were possible to write its history I have no doubt that it would be seen as the root of evil.  The Fed rarely draws attention to itself, its actions are shrouded in secrecy, its accountable to no one and its actions on the economy rule the American experience.  No one seems to know how it got there or what it really is or how it got the power to print our money and set the interest rates and no politician, of either party, is willing to cross the Federal Reserve.

Here is a brave attempt by Bloomberg attempting to get information from the world’s preeminent power: The Federal Reserve System.  You gotta give Bloomberg points for spunk.  Here’s a cut from their article and the URL for the whole story.

http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aG0_2ZIA96TI#

Fed Refuses to Release Bank Lending Data, Insists on Secrecy

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By Mark Pittman

March 5 (Bloomberg) — The Federal Reserve Board of Governors receives daily reports on loans to banks and securities firms, the institution said in response to a Freedom of Information Act lawsuit filed by Bloomberg News.

The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral.

The bank provides “select members and staff of the Board of Governors with daily and weekly reports” on Primary Dealer Credit Facility borrowing, said Susan E. McLaughlin, a senior vice president in the markets group of the Federal Reserve Bank of New York in a deposition for the Fed. The documents “include the names of the primary dealers that have borrowed from the PDCF, individual loan amounts, composition of securities pledged and rates for specific loans.”

The Board of Governors contends that it’s separate from its member banks, including the Federal Reserve Bank of New York which runs the lending programs. Most documents relevant to the Bloomberg suit are at the Federal Reserve Bank of New York, which the Fed contends isn’t subject to FOIA law. The Board of Governors has 231 pages of documents, which it is denying access to under an exemption under trade secrets.

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One response to “The Secretive Federal Reserve System Sued: Freedom of Information Act Doesn’t Apply to Non Governmental Organizations

  1. I pretty much agree with this. I believe that the big money has the inside tip on bubbles. I also believe that it is worse now because the hedge funds lever 10 to 1 and bypass margin requirements. They are able to push the market up or down. Watch out investors. Spank the big banks by not doing business with them and by walking away from their loan sharking ways.

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