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Unholy Alliance: The Federal Reserve And The Treasury

Friday, June 14, 2013 13:41
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(Before It's News)

By Cassandra Anderson
June 14, 2012

UnholyAllianceThe Federal Reserve and the Treasury are running a scam that funnels freshly-printed money from the Fed into the Treasury, using Freddie Mac and Fannie Mae as the pipeline.  Freddie Mac and Fannie Mae were taken over by the government and put into conservatorship in the 2008 bailout.  Freddie Mac and Fannie Mae are companies that bundle mortgages and then sell them to investors.  At the end of 2012, the Federal Reserve committed to spending $40 billion per month on Freddie Mac and Fannie Mae mortgage backed securities, creating an artificial market.


This system is troubling for the following reasons:
 

  • Unchecked money-printing (quantitative easing) causes massive inflation
     
  • As the Federal Reserve buys more mortgages on people’s homes, it could eventually own the majority of the real estate market through mortgage purchases, and become America’s landlord
     
  • Real wealth (land ownership/mortgages) is being transferred into bankers’ hands in exchange for paper fiat money created from nothing
     
  • A new housing boom has been created that will end in a bust

The Treasury is using the $40 billion/month paychecks to bridge the federal debt and make Obama look good.

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