Jekyll Island II – Greenspan Admits It Was All a Scam & Fraud - Federal Reserve Makes Trillion Dollar Decisions without Congress

 The Creature Form Jekyll Island Returns. Welcome to Fed Island.

Greenspan admits that it was all a scam and fraud……

Alan Greenspan: ‘There are two fundamental reforms that we need; that is to get adequate capital and two to get far high levels of enforcement of fraud statues. Existing ones I’m not even talking about new ones.

Things were being done which were certainly illegal and clearly criminal in certain cases.  In which, I mean Fraud, Fraud is a Fact, Fraud Creates very considerable instability in competitive markets.

If you cannot trust your counter parties it won’t work and indeed we saw that it didn’t.’

November 5-6, 2010, Jekyll Island Club Hotel, Jekyll Island, King Georgia

Full Presentation 1:24:43

(FRB of Atlanta)

A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve

Alan Greenspan: ‘We’re not in the business of trying to create inflation…Our purpose is to provide some additional stimulus to help the economy recover and to avoid, potentially, additional disinflation.’

While admitting the house of cards, the avalanche that could be created, E. Gerald Corrigan: ‘there is a risk, however small, that once that nudge takes hold, it may not be easy to cap inflation and inflationary expectations at levels that are still broadly compatible with price stability.’

Bernanke is frustrated by the sharp public response to the Fed’s decision to begin a strategy of quantitative easing, that IS the Federal Reserve ‘creating’ debt based money to directly buy real tax backed debt based Treasury securities. For a Total Cartelization and Enslavement of the United States.

After Obama Slammed by Unilateral Fed Move China Returns Fire with Missle Launch off Los Angeles Coast

China flexed its military muscle Monday evening in the skies west of Los Angeles when a Chinese Navy Jin class ballistic missile nuclear submarine, deployed secretly from its underground home base on the south coast of Hainan island, launched an intercontinental ballistic missile from international waters off the southern California coast.

The reported Chinese missile test off Los Angeles came as a double blow to Obama. The day after the missile firing, China’s leading credit rating agency, Dagong Global Credit Rating, downgraded sovereign debt rating of the United States to A-plus from AA. The missile demonstration coupled with the downgrading of the United States financial grade represents a military and financial show of force by Beijing to Washington.

In 2008 the legislature made the decision to offer the largest ‘bailout’ for trouble assests in the history of the world.

On November 3^rd the Federal reserve made the decision to buy the US Debt with the Debt based notes that it creates in it’s private vaults. The elected, accountable government was not involved in the decision.

China as the second largest holder of US debt (second only to the Private Federal Reserve Bank) is not happy with the Federal Reserves announcement that protects the Fraud that is a Fact of the US and Saxe-Coburg-Gotha international Financial System.

sovereignthink

 

News links

Zero Hedge - Watch Bernanke, Greenspan And Corrigan Live From Jekyll Island

NY Times – Bernanke Attempts to Soothe Doubters

The Burning Platform – Fed To Celebrate 100-Year Anniversary: Should They Really Be Celebrating Their Accomplishments At A Time When The U.S. Economy Is Literally Falling To Pieces?

Businessweek – Bernanke Invokes Friedman’s Legacy in Defense of New Stimulus

The Brunswick News – Federal Reserve hosts Jekyll conference

Economic Policy Journal – The Fed at Jekyll Island: 100 Years Later, They’re Baaack!

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