Answers
This is exactly what the PRIVATE CORPORATION called the Federal Reserve does. The Federal Reserve is about as "Federal" as Federal Express. The US government goes to this private company and says hey we just wasted a whole mess of money, can you please put more money into our accounts?? And then it is done! This money exists and is transfered through online accounts and has no assets to back it up with (remember that the gold standard is long gone). All this extra money being injected into the system causes inflation which has reduced the purchasing power of the dollar by 96% since 1913. So the money you save is worth less and less while the things you buy cost more and more. Is there a better system?
The bank charges you interest on any loans you take out. That interest rate is greater than inflation. So the banks win and you lose.. every time!
No . I would just raise my available cash in my checking account to about 8oo,ooo
Retirement
Subject: What a den of thieves! What a den of thieves! Somebody spent a lot of time putting this together. Pretty good summary of what is known - how much more is hidden? $34,000 : The amount of federal taxes that Secretary of the Treasury Timothy Geithner (D) failed to pay during his employment at the International Monetary Fund despite receiving extra compensation and explanatory brochures that described his tax liabilities. True: cleveland.com/nation/index.ssf/2009/01/timothy_geithner_obamas_nomine.html
$75,000:The amount of money that the head of the powerful
tax-writing committee, Rep. Charlie Rangel (D-NY), was
forced to report on his taxes after the discovery that he
had not reported income from a Dominican Republic rental
property. His excuses for the failure started with blaming
his wife, then his accountant and finally the fact that he
didn't speak Spanish. True: nypost.com/seven/09102008/news/regionalnews/rangels_spanish_excuse_128444.htm $93,000:
The INCREASE in the amount of petty cash each of our
Congressional representatives voted to give themselves in
January 2009 during the height of an economic meltdown.
That's a $40 + million INCREASE!
gatewaypundit.blogspot.com/2009/01/its-recession-congress-gives-lawmakers.html See video here from Fox
$133,900: The amount Fannie Mae "invested" in Chris Dodd (D-CT), head of the powerful Senate Banking Committee, presumably to
repel oversight of the GSE prior to its meltdown. Said
meltdown helped touch off the current economic crisis. In
only a few years time, Fannie also "invested" over $105,000
in then-Senator Barack Obama.
True: opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html $140,000:
The amount of back taxes and interest that Cabinet nominee
Tom Daschle (D) was forced to cough up after the vetting
process revealed significant, unexplained tax liabilities.
True: & nbsp;online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj Wall Street Journal
$356,000: The approximate amount of income and deductions that
Daschle (D) was forced to report on his amended 2005 and
2007 tax returns after being caught cheating on his taxes.
This includes $255,256 for the use of a car service,
$83,333 in unreported income, and $14,963 in charitable
contributions.
True: online.wsj.com/article/SB123335984751235247.html?mod=googlenews_wsj Wall Street Journal
$800,000: The amount of "sweetheart" mortgages Senate Banking
Chairman Chris Dodd (D-CT) received from Countrywide
Financial, the details for which he has refused to release
details despite months of promises to do so. Countrywide
was once the nation's largest mortgage lender and linked
to Government-Sponsored Entities like Fannie Mae and
Freddie Mac. Their meltdown precipitated the current
financial crisis. Just days ago in Pennsylvania ,
Countrywide was forced to pay $150,000,000 in mortgage
assistance following "a state investigation that concluded
that Countrywide relaxed its underwriting standards to
sell risky loans to consumers who did not understand them
and could not afford them."
True:rightvoices.com/2008/08/21/more-sweetheart-loan-details-on-senator-chris-dodd-d-ct-chairman-of-the-senate-committee-on-banking-housing-and-urban-affairs/
$1,000,000:
The estimated amount of donations by Denise Rich, wife of
fugitive Marc Rich, to Democrat interests and the William
J. Clinton Foundation in an apparent quid pro quo deal that
resulted in a pardon for Mr. Rich. The pardon was reviewed
and blessed by Obama Attorney General and then Deputy AG
Eric Holder, despite numerous requests by government
officials to turn it down.
True: articles.latimes.com/2008/nov/20/nation/na-holder20
$12,000,000: The amount of TARP money provided to community bank
OneUnited despite the fact that it did not qualify for funds, and was "under attack from its regulators for allegations of poor lending practices and executive-pay abuses." It turns out that Rep. Maxine Waters (D-CA), a key contributor to the Fannie Mae meltdown, just happens to be married to one of the bank's former directors.
True: online.wsj.com/article/SB123258284337504295.html Wall Street Journal
$23,500,000:
The upper range of net worth Rep. Allan Mollohan (D-WV)
accumulated in four years time according to The Washington
Post through earmarks of "tens of millions of dollars to
groups associated with his own business partners."
True: washingtonpost.com/wp-dyn/content/article/2006/05/14/AR2006051401032.html Washington Post
$2,000,000,000:
($2 billion) the approximate amount of money that House
Appropriations Chairman David Obey (D-WI) is earmarking
related to his son's lobbying efforts. The son, Craig Obey,
is "a top lobbyist for the nonprofit group" that would
receive a roughly $2 billion component of the "Stimulus"
package.
True: .newwest.net/topic/article/a_plan_for_stimulus_money_national_parks/C530/L37/
and this as a list of these
"These people" are Typical Democrats = Believing themselves Above the Law.
Has the Main Stream News media ever exposed this information?
Does this prove the media is Owned by "Progressive" / Liberal mindsets?
Review the Source of the Spin & Lies the mainstream news regurgitate!
GUIDE TO THE GEORGE SOROS NETWORK
http://www.discoverthenetworks.org/viewS ubCategory.asp?id=589
This is something I found online...I think it sounds pretty conservative-biased...let me know what you think:
1997
Fannie Mae is a GSE (Govt. Sponsored Entity) regulated by Congress.
Fannie Mae buys mortgages from other companies.
It is backed by the taxpayers for all losses, but keeps all profits.
President Clinton loosens Home Loan Requirements.
1998
Banks begin making thousands of bad loans,0 down, no documentation, for 120%!(1998 –2008).
Executives at Fannie receive huge bonuses if loan targets are met.
Franklin Rainesand Jamie Garelickfrom the Clinton Administration are appointed to run Fannie Mae.
2003
President Bush proposes a new oversight committee to clean up Fannie Mae, but Democrats derail the effort.
Rep.Melvyn Watt,(D-NC) Committee on Financial Institutions & Consumer Credit.stated, “I don’t see much other than weakening the bargaining power poorer families to get affordable housing.”
1999 -2004
Raines earns $100 millionin bonuses.
Garelick earns $75 millionin bonuses.
In 2004, Enroncollapses, congress investigates, Executives Skilling & Lay go to jail, for fraudulent bookkeeping.
Congress responds with the Sorbanes-Oxley Act, more heavy regulation of corporations.
2004
An OMB investigation finds massive fraudulent bookkeeping at Fannie Mae.
False numbers triggered executive bonuses every year.
Congress holds nohearings, noone goes to jail, or is punished.
WHY NOT?
1999 -2005
Fannie Mae gives millions to Democratic causes, examples:Jesse Jackson & ACORN.
Fannie Mae pays millionsto 354 congressmen and senators, from both parties.
Who got the most money?
Top 4 Recipients
#1Sen. Christopher Dodd, (D-CT)Chairman of the Banking, Housing, & Urban Affairs Committee#2Sen. Barack Obama, (D-IL) Federal Financial Management Committee
Top 4 Recipients#3Sen. Chuck Schumer,(D-NY)Chairman of the Finance Committee
#4Rep. Barney Frank,(D-MA)
Chairman of the House Financial Services Committe
2005
Franklin Raines & top execs are forced to resign from Fannie Mae.
They do not go to jail.
There is no media “perp. walk.”
They keeps all of their bonuses
They finally pay $31.4 million in civil fines.
2005
The Federal Housing Enterprise Regulatory Reform Act is sponsored by:#325Sen. John McCain,(R-AZ)Armed Services, & Commerce, Science, & Transportation
“If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”
2005
Noneof the top 4 recipients support the legislation.
The reform act is blocked by Democrats, never even making it out of committee.
Noneof the politicians return any of the money, tainted by fraud.
2008
Fannie Mae & Freddie Mac go bankrupt and the govt. takes them over completely.
Lehman Brothers, goes bankrupt from investing in bad mortgages.
AIG get $85 million in loan guarantees, after insuring bad loans & projects.
Taxpayers will ultimately pay BILLIONS.
2008
Franklin Raines is now an advisor to the Obama Campaignwhich wants the govt. to take over more of the economy.
Did government involvement in the mortgage market work out?
How will even MOREgovernment involvement make it better? Do you want to be Sweden?
McCain favors revising regulations & loan standards, selling off Fannie & Freddie.
The illuminati elite power control that directed all of these things that you mentioned. It is all part of the transfer of power through economics to the world elite. It was done to do just what it is doing. Crash markets, currencies and democracies throughout the world. Driving it to a point of the New World Order.
It is here. WAKE UP and be ready. The battle for your soul is in full measure. Read my other responses to many of these same questions. Educate yourself with the REAL facts as opposed to what you hear through the censored media. Keep asking great questions like this and take all information received. Consider it and if plausible, investigate it. Know that not only is what I am saying is not only plausible....it is happening!! It is not only important to understand what they have done like you have researched, but also understand why and the agenda.
May God Bless us and have mercy upon this earth.
Aiken financial executive joins Security Federal Bank | Aiken ...
A native of Johnston, Adams graduated from Strom Thurmond High School and Georgia Southern University. He joined Palmetto Federal Savings and Loan Association - which later become PalFed - in 1974 as manager of the Johnston branch before transferring to the North Augusta branch four years later. He transferred to Aiken as head of deposit services 27 years ago. AikenStandard.com is pleased to offer readers the ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. AikenStandard.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility...
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