The current American election campaign will determine who’ll sit in the White House in Washington DC for the next four years. However, whoever’s elected, they’ll run the White House, but they’ll definitely not rule the country. A number of recently-released reports highlighted long-suspected, but not confirmed, old truths. Who leaked them to the media, no one knows. However, the first-ever official audit of the US Federal Reserve System (which functions as a central bank in the USA) singled out the fact that the Fed allocated incredibly huge amounts of money for American businesses during and after the 2008 crisis.
According to Senator Bernie Sanders (I-VT), “Wall Street made the largest coup in world history at the expense of American taxpayers. An independent audit conducted at my request revealed that the Federal Reserve earmarked a startling 16 trillion USD (498 trillion Roubles. 12.35 trillion Euros. 10 trillion UK Pounds) at zero interest for major financial institutions, large corporations, and wealthy individuals without the approval of Congress and president, as required by law”. If it weren’t for Senator Sanders’ credibility, and the fact that it came from data in an independent audit, this information could easily pass for a tall tale designed to create a sensation. However, Washington officials and the Fed’s leadership made no rebuttals concerning the reports; the American news media, usually so thirsty for sensation, have kept a stony silence on this as well. This shows all concerned who’re the bosses of the so-called “free” American media. After all, silence is consent.
However, it’s a mistake to think that the Federal Reserve, which performs central bank functions in the USA and has the right to print dollars, is subject to the government. The US Federal Reserve is a privately-run corporation, which assumed central bank functions in 1913 because of collusion between top politicians and bankers. Even though the Constitution doesn’t mention it, it’s been virtually uncontrollable; it’s practically independent from the government and President, the Federal Reserve has steered American economic policy since 1913. There can be no doubt as to whose interests the US Federal Reserve is trying to protect. A recent audit revealed that the recipients of the billions issued by the Fed since 2008 include Wall Street’s principal banks, including such “poor” institutions as Morgan Stanley, Bank of America, Goldman Sachs, and Merrill Lynch.
At present, these banks are injecting huge funds into the election campaign of billionaire Mitt Romney, who declared Russia “Enemy Number One” and promised generous funding for military programmes. The Democratic candidate’s campaign isn’t experiencing any shortages of funds either. According to reports, the current election campaign is costing Obama about one billion dollars (31.1 billion Roubles. 775 million Euros. 625 million UK Pounds). Of course, these billions for the election race aren’t coming out of the blue. Regardless of who wins the election, the winner may think that they’re master in the White House, but they’ll be sadly mistaken.
9 October 2012
Voice of Russia World Service