Fed Created Over 1 Trillion Dollars In Two Weeks *
Wise Up Journal
Last week Reuters reported the U.S. Federal Reserve, a central bank owned by a private majority, has created over 1000 billion dollars (1 trillion) in just 2 weeks. This also shows that the $700 billion bailout bill being debated in congress has nothing to do with money but everything to do with unprecedented powers granted in the bill.
Reuters - “U.S. banks and money managers borrowed a record amount from the Federal Reserve in the latest week, nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression.
Federal Reserve data showed on Thursday the total amount banks borrowed nearly quadrupled the previous record of $47.97 billion per day notched just the week before.”
This C-Span video was taken over the weekend at the U.S. House where congressman Rep. Michael Burgess discusses how they’ve not seen the bailout bill only talking points and said, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.” Apparently this use of the term “Martial Law” could just be congress jargon for a piece of legislation being voted on without enough time for it to be read.