Thread: Banks to US Taxpayer: just hand the money over

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See:Banks not saying where bailout money is going
By Matt Apuzzo
The Associated Press

WASHINGTON — It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.

You bet they refuse to discuss where the $700 BILLION is going, especially when the lion’s chunk of the taxpayer money involved is, in all probability, being funneled to “investorsâ€

It amazes me that I have been unable to find one main stream news article which explains the existing root cause of our current bank failures which is fractional reserve banking, a fraudulent scheme that has allowed uncontrollable and wild “investmentâ€

SURPRISE !

China is now the largest investor in U.S. debt which has been created by Congress

And, while United States Citizens are loosing their homes and jobs because of Congress’s complicity in the federal reserve’s monopolistic paper money scheme which has finally collapsed and sent our economy in a nosedive, the Chinese are using their profits from the paper money scheme to buy the real estate from under the American People’s feet! See:

Chinese go shopping for US real estate
Don Lee and David Pierson
December 9, 2008

CARAVANS of cash-rich Chinese in Hummers and Lincoln Navigators have been weaving through US neighbourhoods in recent months, looking for foreclosures and other bargain properties to buy.

Sad thing is, our founding fathers specifically voted during the framing of our Constitution to prohibit Congress from emitting bills on the credit of the United States, and, more importantly, it was their intention to prohibit notes of any kind, such as federal reserve notes, which are mistakenly called dollars, to be made a legal tender, either for public or private debts.



On August 16th of the Federal Convention the delegates took up a number of powers proposed to be granted to Congress, one such power being:[b][i]â€