Quantitative Easing Explained – Cartoon

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Here is some of the text from the video

BEAR I:  How does the Fed execute the quantitative easing?

BEAR II:  They buy the Treasury bonds.

BEAR I:  Do they buy the Treasury bonds from the Treasury Department?

BEAR II:  No they buy the Treasury bonds from the Goldman Sachs.

BEAR I:  You must be shitting me.

BEAR II:  No.

BEAR I:  So let me get this straight.  If I want to buy the Treasury bonds, with my money, I can buy them directly from the Treasury?

BEAR II: Yes.

BEAR I:  And if you want to buy the Treasury bonds, with your own money, you can buy them from the Treasury?

BEAR II:  Yes.

BEAR I:  But if the Ben Bernanke wants to buy the Treasury bonds, using the American people’s money, he does not buy them from the Treasury, he buys them from the Goldman Sachs?

BEAR II: Exactly.

BEAR I:  And does the Goldman Sachs give him a good price?

BEAR II:  Of course not, they are the Goldman Sachs, they make their living ripping off the American people.

BEAR I:  But how is the Goldman Sachs able to do this?

BEAR II: The Fed announces when it is going to buy, and what it is going to buy, before it does the trade.

BEAR I:  So the Goldman Sachs can front-run the Fed, and give them the worst possible price on the Treasury bonds?

BEAR II:  Yes, exactly.

BEAR I:  And the Fed is okay with this blatant theft from the American people?

BEAR II: Of course, otherwise the Fed would just buy the Treasury bonds directly from the Treasury Department.

BEAR I: Who inside the Fed is responsible for the buying of the Treasury bonds?

BEAR II:  The buying of the Treasury bonds is conducted by the New York branch of the Federal Reserve.

BEAR I:  And who is in charge of the New York branch?

BEAR II:  The head of the New York branch is the William Dudley.

BEAR I:  And what did the William Dudley do before running the New York Fed?

BEAR II: Before running the New York Fed, the William Dudley was a partner at the Goldman Sachs.

BEAR I: So the guy in charge  the American people’s money when dealing with the Goldman Sachs used to be a partner at the Goldman Sachs?

BEAR II:  Yes.

BEAR I: And nobody has a problem with this?

BEAR II:  Apparently not.

BEAR I:  Is this an episode of the Twilight Zone?

Remember the words of Thomas Jefferson

“The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered”.


Comments

Quantitative Easing Explained – Cartoon — 1 Comment

  1. Hi,

    Here’s some monetary nonsense you might or might not know…..

    “What rock is worth Four times 4x as much as diamonds and makes a great investment in today’s uncertain economy ?”

    Answer : “Moonrock”

    or Lunar Meteorites, parts of the moon that have found their way to earth after being smashed off the face of the moon by an incoming meteoroid. Due to the fact that there is no gravity on the moon, the pieces of the moon’s surface that are thrown up into the air by the force of an incoming meteoroid, float off into space, and some have found their way to earth. Most of the rocks ejected from the Moon become captured by the Earth’s gravitational field and orbit the Earth. Over a peroid of time, some will fall to earth.

    We know these particular rocks are from the moon because they have been chemically analyzed and match to the samples obtained by the Apollo astronauts.

    They have been recovered in Antarctica, Africa, Australia, Oman,

    The lunarmeteoritestore.com just had a large lump of the moon, fall NWA 4734 wire sliced and it is now available. These are museum quality pieces of the moon…..

    when do you get a chance to buy a piece of the moon, not every day ???

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