Saturday, May 5, 2012

The War Racket

Commenter Randolphus Maximus got it right: “The game is the same, it just got more fierce” Slim Charles from “The Wire”


  1. Let us all bow our heads and give thanks to the Federal Reserve and mostly Democratic Congresses for making this chicken feed available through money printing and appropriations. God Bless them.

    Surely that chicken feed pales in comparison ...
    According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report....

    Citigroup - $2.513 trillion
    Morgan Stanley - $2.041 trillion
    Merrill Lynch - $1.949 trillion
    Bank of America - $1.344 trillion
    Barclays PLC - $868 billion
    Bear Sterns - $853 billion
    Goldman Sachs - $814 billion
    Royal Bank of Scotland - $541 billion
    JP Morgan Chase - $391 billion
    Deutsche Bank - $354 billion
    UBS - $287 billion
    Credit Suisse - $262 billion
    Lehman Brothers - $183 billion
    Bank of Scotland - $181 billion
    BNP Paribas - $175 billion
    Wells Fargo - $159 billion
    Dexia - $159 billion
    Wachovia - $142 billion
    Dresdner Bank - $135 billion
    Societe Generale - $124 billion
    "All Other Borrowers" - $2.639 trillion

    This report was made available to all the members of Congress, but most of them have been totally silent about it. ... fail-banks
    orlin sellers

  2. Randolphus MaximusMay 8, 2012 at 11:59 AM

    Hey Mike -

    Was wondering if you got a chance to see the link I put up to "War is a Racket" over at TTAG - Lt. Col Butler was absolutely correct about war back then and his words are just as applicable today.