The 12.8 trillion dollar bailout you never heard about...

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Apparently the U.S. government spent a whole lot more than $700 billion to bail out the banks.  According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy.  This boils back to the broader question of the power of the printing press in the U.S. private central bank, dollar denominated global order.  The only reason this is possible is due to the nature of dollar dominance today. The people should be up in arms, but are busy protesting a mosque in Manhattan instead.

Some quotes to understand follow:

Sir Josiah Stamp, director of the Bank of England during the years 1928 ? 1941, stated:- “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again... Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

 JK Galbraith said:? “The process by which banks create money is so simple that the mind is repelled……… It is, moreover, one that is almost breathtaking in its audacity." JK Galbraith (1975), Money: Whence it Came, Where it Went.

Apparently the original journalist that sued the Fed and won is dead. Age 52, heart attack....

Here is a short vid (music in intro) on his efforts....

It is really time people put an end to this inservitude.