The only word I can
think of when I hear the name Ben Bernanke, Retired Federal Reserve Chairman,
is double-cross. Since he’s been the Feds chairman, the gross assets of this
organization has grown from $834,663,000,000 in 2006 to $4,102,138,000,000 in
2014. That’s a 391 percent increase!
As the value of the
dollar plummets and the cost of living increases, the Feds made almost 400
percent on their return since 2006—and that’s not including all the billions of
dollars of interest they collect each and every year from it.
Remember, the Feds
are supposed to be our friends. They are the ones who were set up to keep the
American economy solvent, banks stable and stabilize the economy from any
Now let’s look at
how the Feds made their fortune…It bought trillions of dollars of both treasury
and most importantly Freddie Mac and Fannie Mae mortgage-backed securities. The Fed purchased these mortgage securities over
the last five years in its attempts to stimulate the economy. It seems ironic
how the same organization that was meant to stabilize our economy has had the
greatest impact on destabilizing it through Freddie Mac/Fannie Mae program and
the most to gain through increasing national debt.
Though, the point
could further be belabored, numbers speak for themselves. And these numbers
speak loud and clear: DOUBLE-CROSS. We’ve been duped by the Feds into thinking
that they are helping. When, in fact, they are the source of the economic woes
that America now faces. Don’t forget what caused the economy to go bust in
2008- Fannie Mae and Freddie Mac.
Why is this not
front page news? Why aren’t we Americans yelling foul at this egregious misappropriation
of American funds?