High level Ameri-Fascists met Tuesday to discuss how the U.S. Government can coerce more money from the American public to prop up the profits of CitiBank, JP Morgan Chase, Wells Fargo and others whose profits are not meeting their record expectations.
The meeting came about following the Federal Reserve’s marathon money printing session, when the Fed announced its success in raising the inflation rate to the highest level in 17 years, making your dollar worth less than ever. It’s been estimated your dollar is worth about 4 cents today.
The Federal Reserve recently auctioned $30 billion in funds to commercial banks at an interest rate of 3.95 percent. It was the third in a series of sell-offs the Fed began last month as a way to provide cash-hungry banks the profits they need as they continue to confiscate foreclosed homes from middle-class Americans. The 3.95 percent interest rate was the lowest of any of the three auctions so far.
Of course, the fascists in the government believe the average American is pretty stupid and only want to keep them confused as to the real cause behind inflation. They are quick to cite higher energy and food costs as the reason for raising consumer prices by 4.1 percent in 2007. Federal Reserve Chairman Ben Bernanke is silent about the Billions of new dollars they have printed our of thin air during recent months to pay off the criminal activities of high level politicians, foreign governments, and international bankers.
At the same time the Federal Reserve is stealing the American dream from the middle-class, Citigroup and President Bush are selling American sovereignty to our enemies. Citi sold stakes in that company to foreign governments for a reported $20 billion in cash. Meanwhile, President Bush is selling $20 billion of weapons to Saudi King Abudullah and the architects of 9/11, including $123 million of “smart bomb” technology, giving our enemy highly accurate targeting abilities to kill Americans and other enemies of Islam.