Friday, August 27, 2010

8-26 Fed's internal drama's a good sign for real change for the better to open as the banksters get taken down on their sword

My title is evidenced/backed up by my new key info addition KEY WHITE KNIGHTS NEWS YOUTUBE PLAYLISTS to watch, subscribe to &/or RSS always at the top of my blog and the last Sheldan Nidle update 8-17 here lining up perfectly with the latest Republic of the united States of America sub-diversion attempt since my 8-19 blogs. Just a coincidence nothing to worry about lol.

A fight has erupted inside the US Federal Reserve Board about imminent US hyperinflation
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Serious internal conflicts reported within US Federal Reserve Board as Kissinger-Bush syndicate banksters head for end-time punchout at Jackson Hole (Wyoming)
A fight has erupted inside the US Federal Reserve Board about imminent US hyperinflation. Thomas Hoenig (Kansas City Fed) has publicly dissented from Fed Chairman Ben Bernanke's hyperinflationary decisions at each of the last eight meetings of the Federal Open Market Committee. A persistent view emerging is that if we don't get rid of this President (Obama) fast, we're not going to have a country left to bank for. At the last meeting of the Federal Open Market Committee, on Tuesday 10th August 2010, the dangerous and highly contentious decision was made to purchase hundreds of billions of US Treasuries. This is now openly spoken of as being a Weimar-style hyperinflationary error in policy. More detail here (19.08.10).

On Monday 23rd August 2010, Thomas Hoenig testified before a field hearing of the Subcommittee on Oversight and Investigations of the United States House of Representatives (text here - pdf file - 4 pages). In his testimony, Hoenig showed that it is the community banks which are still providing credit to American businesses, while the bailed-out Wall Street banks have ceased to do this for practical purposes. There is no greater danger to the positive work of the local community banks than the vested interests of the Too-Big-To-Fail zombie banks on Wall Street. Thomas Hoenig and Richard Fisher (Dallas Federal Reserve Bank) are Glass-Steagall supporters who supported US Senator Blanche Lincoln's efforts to limit bank derivatives trading. More about the Jackson Hole showdown here (26.08.10). And more about the Move Your Money initiative here.


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