The Criminal FED

David Wessel's new book, "In Fed We Trust" is the latest in the media conspiracy to propagandize the Federal Reserve as the "fourth branch of Government" and "essential to the nation's financial survival." The PTB trotted out the economics editor of the Wall Street Journal, David Wessel, for this massive disinformation effort. He has been doing the TV interview circuit almost non-stop since the book's publication in late July, and not a single journalist has challenge him about his one sided, apologetic view. Wessel was given exclusive access to the big three insiders who run this show (Bernanke, Paulson, and Geithner) so it is only natural that he writes this book from their carefully crafted half-truths.

 

The NY Times was a typical promoter of the book. "In these pages Mr. Wessel, the economics editor of The Wall Street Journal, chronicles how the Fed chairman Ben S. Bernanke, with Henry M. Paulson Jr., then the Treasury secretary, and a small group of associates, frantically worked to shore up the United States economy, capturing how this handful of people -- 'overwhelmed, exhausted, beseeched, besieged, constantly second-guessed' -- tried to catch and stabilize one toppling fiscal domino after the next." Sure, but nary a word about their feverish attention to refilling the empty coffers of the major insider players who milked the system dry.

 

The Random House blurb says, "Believing that the economic catastrophe of the 1930s was largely the fault of a sluggish and wrongheaded Federal Reserve, Bernanke was determined not to repeat that epic mistake. In this penetrating look inside the most powerful economic institution in the world...

 

 

David Wessel illuminates...

 

 

its opaque and undemocratic inner workings [that's an understatement], while revealing how the Bernanke Fed led the desperate effort to prevent the world's financial engine from grinding to a halt."

 

This book is a total and complete apologist's view, almost worshipful in tone. In no case does he give the opposing view, except as a token introduction to the carefully prepared rebuttals of Bernanke and Paulson that he showcases and amplifies. Even Reuters noted there was room for deeper investigations on what really went on behind the scenes: "Former U.S. Treasury Secretary Henry Paulson talked often to the head of Goldman Sachs at the height of the credit crisis but [claimed he] did not actively seek to help the bank he once ran, a spokeswoman for Paulson said on Saturday .The New York Times on Saturday reported records of two dozen conversations between Paulson and Goldman chief executive Lloyd Blankfein the same week last September that rival bank Lehman Brothers collapsed and insurer American International Group -- closely connected to Goldman -- was rescued with public funds. Goldman was a major beneficiary of the AIG bailout, receiving nearly $13 billion in counterparty payments ultimately funded by taxpayers, according to AIG disclosures in March. The company insists that it was fully collateralized and hedged against those positions in the event of an AIG failure, so it had no material economic exposure to the bailout."

 

All of this is a concerted effort on the part of the establishment to halt the movement to audit the fed and curtail its independent powers. Obviously the PTB are very worried about the following response to Wessel's book by a blogger: "Now he [Wessel] is playing politics by describing violations of secrecy as being violations of 'independence.' What is the real reason Bernanke doesn't want the records for where our loans and money are flowing to ever be released? --not in one year, not in two years...never. He is a criminal trying to hide his crimes."

 

Everything you need to know about this book and TPTB'S crimes are right there in the details...

 

David Wessel illuminates...

 

This is an Illuminati production. Don't you just love it when the spell it out in their own blood soaked handwritting!