Hold your Noses, Here Comes the Fed Again!

The J.P Morgan Chase buyout of Bear Stearns stinks to high Heaven .... here's why!

• The Fed says that Bear Stearns (BS) was headed for bankruptcy. How strange that Bear's officers and directors received billions of dollars in bonuses just before the sale to J.P. Morgan (JPM) ... what's that strange smell?
• Then the Fed announces that they were going to open the discount window to Goldman, Lehman, Morgan and others. But guess what? Nobody at the Fed bothered t0 tell BS ... that strange smell is getting stronger!
• If BS was about to get vaporized, why didn't the Fed offer the $30 million dollars directly to BS as opposed to backing JPM's purchase of BS for a pittance? The straight answer is that the Fed wanted BS to go down! .... that strange smell is now becoming overpowering.
• New York Stock Exchange rules supposedly prevent any one from buying more than 20% of a company without a shareholder vote. JPM bought 39.5% of BS without bothering to talk to the shareholders ... now that strange smell has become a stench which is wafting towards the Heavens.
• The Fed overstepped its legal boundaries .... what else is new! It did not provide liquidity to the banking system, but rather, it went far beyond that by putting up a $30 billion dollar non recourse loan to JPM to ensure the solvency of a non-bank entity. Bear Stearns is not a bank. It's an investment (excuse me while I guffaw) bank.... the stench is almost at the Pearly Gates.
• FYI...FYI...FYI...FYI... J.P. Morgan is the Federal Reserves largest SHAREHOLDER!!!! Oh my, you don't think that there could be any connection here do you?
• As I have documented in my previous posts, the Fed is neither Federal nor a Reserve ... it is in fact the biggest scam of all time! .... now their stench has definately risen higher than Heaven itself.

The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 8: Who Owns the FED?

Article 1, Section 8 of the Constitution of the United States of America states that Congress shall have the power to coin (create) money and regulate the value thereof.

In 1935 the Supreme Court ruled that Congress cannot constitutionally delegate its power to another group. Yet they did ... in direct defiance of the Supreme Court and the Constitution. I ask once again, why the Congressmen who voted to give the power to create money to the Fed, weren't made "the bitches" of the general population in Leavenworth? There is an answer which we will provide in one of our forthcoming episodes.

Now, who is that other group? Who actually owns the Fed? Do any of these folks ring your bell?

• Rothschild Bank of London
• Warburg Bank of Hamburg
• Rothschild Bank of Berlin
• Lehman Brothers of New York
• Lazard Brothers of Paris
• Kuhn Loeb Bank of New York
• Israel Moses Seif Banks of Italy
• Goldman Sachs of New York
• Warburg Bank of Amsterdam
• Chase Manhatten Bank of New York

The individuals listed below owned banks which in turn owned shares in the Fed. The banks listed below have significant control over the New York Fed District, which controls the 11 other Fed Districts. These banks are also partly foreign owned.

• First National Bank of New York - James Stillman
• National City Bank, New York - Mary W. Hamman
• National Bank of commerce, New York - A.D. Jiullard
• Hanover National Bank, New York - Jacob Schiff
• Chase National Bank, New York - Thomas F. Ryan, Paul Warburg, William Rockefeller, Levi P. Morton, M.T. Pyne, George F. Baker, Percy Pyne, Mrs. G.F. St. George, J.W. Sterling, Katherine St. George, H.P. Davison, J.P. Morgan (Equitible Life/Mutual Life), Edith Brevour, T. Baker