Kucinich: The Federal Reserve is paying banks NOT to make loans to struggling Americans!

>
> Kucinich: the Federal Reserve is paying banks NOT to make loans to struggling Americans!
> Watch Video Here: http://www.youtube.com/watch?v=Gkf8VG3HL_8
>
> 21 July 2009
>
> U.S. Congressman Dennis Kucinich (D-Ohio, 10th District) questions Neil M. Barofsky, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), testifying before the House Committee on Oversight and Government Reform, about interest payments made to banks that keep their TARP funds and other government (taxpayer) bailout money with the Federal Reserve, instead of making loans to struggling Americans (the original intent of the TARP, remember?) The Fed makes generous interest payments to the banks for "parking" their "excess reserves" at the Fed.
>
> And guess who will end up paying for this "interest" given to the banks, and everything else? That's right, you and me, John and Jane Q. Suckers!! The dumb, fat sheep!
>
> By the way, Neil M. Barofsky is a good guy here -- don't beat up on him. He's in immediate danger of losing his job (if not his life) becauses he's revealing too many of the Temple's dark secrets. Barofsky deserves our full support.
>
> You can download Special Inspector General for the Troubled Asset Relief Program (SIGTARP) reports,testimonies and audits at sigtarp.gov. The July 20th, 2009 report, "SIGTARP Survey Demonstrates That Banks Can Provide Meaningful Information On Their Use Of TARP Funds," is esecially interesting and can be downloaded at
>
>
> This video explains why banks aren't lending - the fed is paying them higher interest rates to park their government bailout/taxpayer money at the Fed instead of the interest rate they would get from making loans.
>
> Is paying banks NOT to make loans. . .
>
> Louis McFadden said, "We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. (R-Pa.)
>
> Thomas Jefferson said, "I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs".
>
> Charles Lindberg said, “The financial system has been turned over to the Federal Reserve Board. That board administers the finance system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money”.
>
> James Madison said, “History records that the moneychangers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling it’s money and it’s issuance”.
>
> Barry Goldwater said, "Most americans have no real understanding of the operation of the international moneylenders. The Federal Reserve System has never been audited. It operates outside of the control of con-gress and manipulates the credit of the United States". (R-Az.)
>
> Napoleon said that "Money has no motherland. Financiers are without patriotism and without decency. Their sole object is gain".
> Charles Lindberg said, per the Federal Reserve Act; This act establishes the most gigantic trust on Earth. When the pResident signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately but the day of reckoning is only a few years removed. The worst legislative crime of the ages is perpetrated by this banking bill”. (R-Mn.)
>
> Thomas Edison said, “If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, where the currency pays nobody but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people”.
>
> All quotes from Bill Still's video "Capital Crimes - How the Federal Reserve Robs Us Blind"