This can happen only in the movies! Citi Group, one of the primary owners of The Fed, muscles Wachovia into selling by withholding their credit. Citi receives a massive newly created secret tax break, and loans the billions of Wachovia deposits to ‘We The Peoplein exchange for Treasury Bonds….take a breath….U.S. Treasury places this cash on ledgers of The Fed; Citi exchanges the Treasury Bonds for the cash they loaned us.
The result?
We The People owe Citi Group billions, plus interest, and they have all their cash they started with. Take another breath. Oh, and they own Wachovia purchased for pennies on the dollar.
Andrew digs in for another hour plus adventure into “The Real World of Money.” You’ll Hear how relevant JFKs assassination is to these issues. Mr. Gause, thirty plus year currency historian talks about how and when the hyperinflation will be our reality and what the final tab on this bailout bomb will cost us in the devaluing of this thing called “The Dollar.”
He fields listener calls and tells us “The next Shoe to drop” and what investments to sell Now!
A |
'Fed Owner, Citi – Group Banking On Our Ignorance – Andrew Gause 11.26.08' has no comments
Be the first to comment this post!