Nov 15 2010
QE2 – Ripping Off The Taxpayer
While some find this video funny, I find it maddening. The fact The Federal Reserve is buying US Treasuries via Goldman Sachs so they can charge the American People high prices and skim some profits as well seems to me to be a criminal act. Especially since the Fed Officer doing the buying is from Goldman Sachs!
If the GOP wants to run investigations – begin here!
Congress must stop the insanity.
Is this even legal for the President and the fed to do this without congressioal approval?
It will drive up inflation thus rob the taxpayers of whatever funds they were able to save from the market crash and the feds ridiculously low interest rates!
The Fed is as incompetent as the whole Obama administration and has been for years!
Let the Audit of the Fed begin and the heads begin to roll else we will become a third world country of haves and have nots, no middle class!
[…] This post was mentioned on Twitter by Free To Prosper, AJ Strata. AJ Strata said: new: QE2 – Ripping Off The Taxpayer http://strata-sphere.com/blog/index.php/archives/15418 […]
I agree 100%, AJ.
This administration has been an example of a fact Adam Smith pointed out 200 years ago – the easiest way for the rich to get richer is to have the government legislate and regulate them so. Wall Street insiders backed Obama, and have reaped a rich reward.
At our expense.
If the Republicans figure this out and use it – and Sarah Palin has started – it’ll be a tectonic shift in American politics.
Because it frames the fight as We the People against Big Everything. Big Government, Big Union, Big Money…the whole I-95 Axis of Power.
The part about how this is being funneled through Goldman Sachs, which has NO PURPOSE other than to PUMP MONEY TO GOLDMAN SACHS, is the most disgusting part of this, and it amazes me that the GOP haven’t picked up on this aspect!
Not only is QE2 horrible, inflationary, currency destroying currency; it is also a vehicle to enrich the most arrogant economic gangsters in the country today!
Yeap.
Not only should you guys be furious, try START. Obama aides spent last Friday trying to buy votes to get START passed during the lame duck session. Even they offered 4.1 billion dollars to Bob Corker for nuclear maintenance. And THAT is before we have a FY 2011 budget and what’s worse is that WH is not responsible for passing this budget. So where will they get just 4.1 billion dollars to Bob Corker???? No telling what else they offered to others!
GGGGRRRRR!!!!1
Here is the article:
http://blog.heritage.org/2010/11/15/bartering-for-new-start-bad-for-national-security/