Former banking industry insider confirms that banksters take free money from the Fed and lend it back at interest!
The
21st century fraud by the banking mafia that has become a norm after
the 2007-08 financial crisis
Nomi
Prins worked as a managing director at
Goldman-Sachs for 2 years and as a Senior Managing Director at Bear
Stearns for 7 years, and was a senior strategist at Lehman Brothers
and an analyst at the Chase Manhattan Bank.
From the
description of her latest book Collusion:
How Central Bankers Rigged the World, we read:
Central
banks and international institutions like the IMF have overstepped
their traditional mandates by directing the flow of epic sums of
fabricated money without any checks or balances. Meanwhile, the open
door between private and central banking has ensured endless
opportunities for market manipulation and asset bubbles--with
government support.
Speaking
to Chris Hedges, Prins reveals the greatest fraud of all times by the
banking mafia. What the establishment mouthpieces would be painting
as ‘crazy conspiracy theory’ up until a few years ago, it has
become a norm, after the 2007-08 financial crisis.
As Prins
says:
Private
banks could access money at no interest. And not only that. They
could use this no-interest to buy Treasury bonds, give them back to
the Fed, and receive a quarter of a point interest from the Fed!
So, not
only they were getting money effectively free, they were also getting
interest for buying bonds with that money - which is only one of the
activities that they did with that money - and giving it back to the
Fed! Because this was considered an emergency, crisis-related
activity. Now, that still is in effect today. It has become the new
normal.
Who
could imagine that the banking mafia would expand its parasitic
activity, even beyond the standard fraud-functioning banking system,
described in the 2006 animated documentary 'Money as Debt'?
Again,
this new big fraud became a norm after the 2007-08 financial crisis.
At the same time, millions of people lost their homes, lost their
jobs, saw their properties taken by the same banking parasites that
created the big bubble.
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