Important! Starting Monday, June 13, 2011, the Paul Drockton Radio Program will Start at 2 PM Pacific, 3 Mountain, 4 Central, 5 Eastern and run for two full hours on Renseradio.com (Click on the Windows Media Player to listen)
The American Taxpayer just got backdoored again by the private Satanic Psychopathic institution known as the Federal Reserve. Rather than announce a bailout of the Euro, the globalists just made it cheaper for European banks to borrow dollars:
"The Federal Reserve cut the cost of emergency dollar funding for European banks as part of a globally coordinated central-bank response to the continent’s sovereign-debt crisis.
The interest rate has been reduced to the dollar overnight index swap rate plus 50 basis points, or half a percentage point, from 100 basis points, and the program was extended to Feb. 1, 2013, the Fed said in a statement in Washington. The Fed will coordinate with the European Central Bank in the program, which was also joined by the Bank of Canada, Bank of England, Bank of Japan, and Swiss National Bank." (Source)
Since the American taxpayer is on the hook for paying 10 years of interest on every Federal Reserve Note created and sent over to Europe, its a win-win for the Globalists. They get paid to destroy two currencies at the same time. This news follows the disclosure that the Federal Reserve virtually doubled the national debt with a 16 trillion dollar giveaway to their banking buddies. (Source)
Forget the fact that the US Constitution gives Congress the authority to spend our money, not the Federal Reserve Banksters, and you can see just how compromised our elected officials really are. Call it a consequence of electing serial adulterers, drug-addled morons, and homosexual pedophiles. "Taxation without Representation" led to one revolution. The best we can muster is bunch of homeless people holding up cardboard signs outside of the New York stock exchange.
Hyperinflation will begin shortly, and precious metal prices are already beginning to rise. Expect food and other prices to also skyrocket as the dollar presses keep churning out more worthless Federal Reserve Notes.
In related news, it appears that Standard and Poors, the Rothschild/Rockefeller disinformation service, has finally agreed to the fact that our banking system is falling apart at the seams.
"Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC).
The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks.
Citigroup, Goldman Sachs and Bank of America Corp. each had their long-term credit rating downgraded a single notch to A- from A. Similar cuts were applied to JPMorgan Chase (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC) and Morgan Stanley (NYSE: MS).
Dozens of other banks were also affected by S&P’s new criteria and many of the downgrades stemmed from the affected banks’ exposure to the European debt crisis. S&P cited weaker confidence in governments' ability to bail out struggling banks.
The new criteria for rating banks comes in the wake of criticism leveled at all three major rating firms – Moody’s and Fitch’s are the other two -- that they rubber stamped their highest ratings on investment products loaded with subprime mortgages in the years leading up to the financial crisis." (Source)
Word on the street is that Iran is behind all this mayhem, and Homeland Security has its well-trained eye on Federal Reserve Banksters of "Middle Eastern Descent". In order to facilitate this new transfer of wealth, Federal Reserve Notes on their way over to Europe will not be groped by TSA agents at the airport.