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December 16, 2009
Maybe Leavenworth has a TV studio Keith could use . . .
On tonight's Countdown, Olbermann vowed to break the law and go to jail if ObamaCare requires him to buy private-sector health care insurance. Keith made his macho boast in the course of his melodramatic Special Comment this evening. FULL STORY
Why the mad rush to pass this garbage called health care reform? Keith Olbermann and Howard Dean are saying that it just benefits the industry at the cost of the people. How about Wall Street? How can Wall Street benefit from this health care reform? Well, lets see, if government controls who can have what treatment, and your old and ill, and you have a nice life insurance policy to sell so you can get the money you need, wall street and the insurance companies can make out very well.
HOW WALL STREET AND THE FEDERAL RESERVE PROFIT FROM OBAMACARE
CLICK TO ENLARGE IMAGE.
Lets see, how does this work now, Wall street will bundle these purchased insurance policies into bonds, then sell them to investors.
The treasury asks bids for several million dollars worth of bonds. A banker says he will take a million dollars worth and credits the treasury on his books with a million dollars.
Then he deposits the bonds with a federal reserve agent as collateral security for a million dollars in federal reserve notes and agrees to pay the cost of printing the currency - about $300. He now has a million dollars in currency to balance the million dollar deposit he credited to the treasury.
He still owns the bonds and can credit the interest, about $20,000 a year on an investment of $300.
Of course these numbers are from 1937 but the transaction is the same.
The Scranton Times
Monday April 19, 1937 p. 16
Washington, April 19 – Representative Lamnick (D. Ohio ) told the house today the federal reserve system is committing legally “the greatest burglary in history.
Criticizing the system in the midst of a plea that the budget be balanced to avert “calamity,”…the Ohioan said that for a $300 investment a bank could get a $20,000 return.
“If a burglar had a license to steal,” he said “he would at least have to carry away his loot. The federal reserve system has it’s loot brought to it.”
Lamnick said this was the procedure for a steal” authorized by congress.
The treasury asks bids for several million dollars worth of bonds. A banker says he will take a million dollars worth and credits the treasury on his books with a million dollars.
Then he deposits the bonds with a federal reserve agent as collateral security for a million dollars in federal reserve notes and agrees to pay the cost of printing the currency – about $300. He now has a million dollars in currency to balance the million dollar deposit he credited to the treasury.
He still owns the bonds and can credit the interest, about $20,000 a year on an investment of $300.
CLICK IMAGE TO ENLARGE
And what happened to Arthur P. Lamneck after he spilled the beans on this? CLICK HERE to see that he was never able to get elected to any office again.
What a great way to make money while getting rid of all of us old sick people at the same time.
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