Replies to post #740385 on Fannie Mae-No Politics (FNMA)

[Rodney5]

Patswill, QE...

I wrote about it several years ago, counterfeiting its theft.

QUANTITATIVE EASING FACILITATING THEFT

The large-scale purchase of Treasury Securities, Agency Mortgage-Backed Securities and Agency Debt by the Federal Reserve, commonly known as quantitative easing (QE), is one of the most dramatic events in history of the United States. At the start of late November of 2008, the Federal Reserve started buying Mortgage-Backed Securities and continuing these purchases to 29 October 2014 and at the end of this bond-buying program the Federal Reserve had purchased an astounding $4.5 Trillion from banks in newly created U.S. Dollars at the expense of the United States Taxpayer.

PRIMARY DEALERS WHO RECEIVED THE FRESHLY CREATED CASH FROM THE FED.

Primary dealers recognized by the Federal Reserve Bank of New York; In the first half of February 2, 2011, there were 18 primary dealers, including.
BNP Paribas Securities Corp (BNP Paribas), Bank of America Securities LLC (BOA), Barclays Capital Inc (Barclays Capital), Cantor Fitzgerald & Co (Cantor Fitzgerald), Citigroup Global Markets Inc (Citigroup), Credit Suisse Securities USA LLC (Credit Suisse), Daiwa Securities America Inc (Daiwa), Deutsche Bank Securities Inc (Deutsche Bank), Goldman Sachs & Co (Goldman Sachs), HSBC Securities USA Inc (HSBC), Jefferies & Company, Inc (Jefferies), J. P. Morgan Securities Inc (J. P. Morgan), Mizuho Securities USA Inc (Mizuho), Morgan Stanley & Co. Incorporated (Morgan Stanley), Nomura Securities International, Inc (Nomura), RBC Capital Markets Corporation (RBC), RBS Securities Inc (RBS), and UBS Securities LLC (UBS).

Quantitative easing is counterfeiting its theft and if private citizens did it, they would go to prison. Ignorant politicians consistently spend more money than they can raise, and they borrow and worse create money with central banks. Doing that as a private citizen is a criminal offense. Financial regulations have become a shield to protect crooked bankers while politicians and central banks spend money, they do not have by simply creating it. They're stealing our money. Degrading our money is what the Federal Reserve does by degrading their debt, but it degrades our savings. Massive money creation effectively produces inflation impoverishing those in society who should be helped. It's theft from the taxpayer and until central bankers and politicians are sent to prison for this theft it will continue.

Quote: “Whoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” End of Quote: James A. Garfield President of the United States 1881.