Allen L Roland

Like a rabid spider the Federal Reserve has trapped the economy is its secretive web of deceit and manipulation. The only way to eliminate the Fed, or what Eliot Spitzer calls 'America's biggest Ponzi scheme', is through transparency and Congressional oversight:

The Federal Reserve is the least trusted of all government-related agencies, a new Gallup poll finds. Only 30 percent of those polled said the Fed was doing a “good” or “excellent” job, leaving it at the bottom of a list of nine agencies included in the poll. This is for good reason ~ the secretive Fed exists only to serve Wall Street's banking elite while Main Street is continually bound and blinded by its policies.

On Wednesday, Fed chair Ben Bernanke told the Senate Banking Committee that it "may be appropriate" for the government to guarantee the "mountains" of commercial real estate mortgage defaults the banks will likely be facing in the coming months ~ and the scam goes on !

In a discussion of the Fed and bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt ( trash) for cash that it then gave to the struggling banks ~ and he used a simple game to illustrate this ponzi scheme. Eliot Spitzer, who built a reputation as “the Sheriff of Wall Street” as New York’s attorney-general and former Governor seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.” Eight minute Video http://dailybail.com/home/eliot-spitzer-the-federal-reserve-is-a-ponzi-scheme-inside-t.html

And then we have Gerald Celente, on the Alex Jones show a few days ago, also calling the Fed's Wall Street bailout the greatest crime, or Ponzi Scheme, ever perpetrated on Americans and predicting once again ~ Obamageddon. But Celente also said that the next shocking financial shoe to drop will be the Obama budget ~ whose announcement has been delayed until after the August recess. 9 Minute Video
http://mysticalamaven.wordpress.com/2009/07/22/pt14-gerald-celente-on-the-alex-jones-show-22-july-2009/
We've been had,or stung, by the fed spider, folks ~ so let's take to the streets, make some noise, demand Wall Street and Fed reform and get a lot of politicians nervous.

Remember, there's a mid-term election next year.

Allen L Roland http://blogs.salon.com/0002255/2009/07/29.html

Freelance Online columnist Allen L Roland is available for comments, interviews and speaking engagements ( allen@allenroland.com )

Allen L Roland is a practicing psychotherapist, author and lecturer who also shares a daily political and social commentary on his weblog and website allenroland.com He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.

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Allen Roland’s weblog: http://blogs.salon.com/0002255/
Website: www.allenroland.com
ONLY THE TRUTH IS REVOLUTIONARY