Federal Incest

Feel free to post your economic, business and political news, reports, and predictions concerning the U.S., Canadian, and world economy here. Please keep threads and posts on-topic.

Federal Incest

Postby shinnosuke » Tue Jan 04, 2022 1:49 pm

Just an innocent little article wherein some ties between the Federal Reserve and major banks and government agencies are mentioned:

https://wallstreetonparade.com/2022/01/ ... -york-fed/

What's that? You want justice? Justice is no longer available due to supply chain issues. You'll have to wait for The Great Reset to end.

A snippet for you, my friends:
"That really hit a nerve – as it should. One commenter calling himself ItalicsWhore posted this:

“Wait. The banks…own the New York Fed…and can loan themselves unlimited amounts of money at practically 0% interest… in secret…? What. The. F***” [Asterisks added.]

Then a person posting under the name d-Loop responded:

“Kinda makes the whole thing hit a little different with that piece of info doesn’t it!

“Everyone is out there digging for the reason they’d need that money in that timeframe, and I’m over here just trying not to throw up from the federal incest.”

“Federal incest” is an excellent phrase to add to the Wall Street/Fed lexicon. It particularly comes to mind when we think of the former Chair of the Fed, Janet Yellen, who went straight from her perch at the Fed to grabbing millions in speaking fees from the banks the Fed was in charge of supervising. Senior Reporter Jesse Eisinger of ProPublica Tweeted this: “Deeply troubling two-fisted money grab from banks by Janet Yellen. This is corruption, but isn’t called that because it’s so quotidian.” Eisinger added: “Sure, Yellen might think she can make independent decisions once in office. But how arrogant is it to imagine that money corrupts everyone but you?”

For more on that subject, see our report: Janet Yellen’s Cash Haul of $7 Million Is Just the Tip of the Iceberg; She Failed to Report Her Wall Street Speaking Fees from JPMorgan and Others in 2018.

Like so many before her, Yellen was rewarded for her fealty to Wall Street and her willingness to take its dirty money by being nominated and confirmed by the U.S. Senate as President Biden’s Treasury Secretary."
“Google is what happens when we pool information energy on a software network. Everyone understands this. Bitcoin is what happens when we pool monetary energy on a software network. Few understand this.”
Michael J. Saylor
User avatar
shinnosuke
Super Post Hoarder
 
Posts: 3778
Joined: Mon Feb 14, 2011 7:10 pm
Location: Texas

Return to Economic & Business News, Reports, and Predictions

Who is online

Users browsing this forum: No registered users and 14 guests