Tuesday, October 30, 2012 16:21
Lindsey Williams: The most dastardly act that has ever been perpetrated on the American people in the history of this country probably took place on Sept. 13, 2012. You saw it in the national news, and everyone heard what Mr. Bernanke said, but very few realize the significance of what he was talking about when he said that the Federal Reserve, as of that day, would begin purchasing $40 billion in mortgage backed securities and Treasuries each month, indefinitely, from that point on. After this announcement, Mr. Williams said he called his contact and confidante in the oil industry who has inside knowledge on what the new Fed QE policy intends to do for America. Lindsey Williams: (To his contact by phone) I think there must be more behind this than what meets the eye, will you please answer some questions for me? He was more than happy to answer, and here are some of the questions that I asked. Lindsey Williams: Now I understand that the Federal Reserve is going to purchase $40 billion in Mortgage Backed Securities (MBS) every month. He said that’s correct. Am I to understand that this $40 billion is in mortgages, whether they be toxic or non-toxic? He said that’s correct. Let me then put it in simple terms… it’s your house. It’s the mortgage on your house. If you’re house it mortgaged, then the Federal Reserve could have possibly purchased the mortgage in September, or October, and every month… Lindsey Williams: Where is the Federal Reserve going to get $40 billion every month? Indefinitely? The contact said immediately, and without hesitation, they are going to get it out of thin air (print it). Lindsey Williams: So they are going to print money out of thin air to purchase a home, a shopping center, any property held as security for the loan? Yes. Lindsey Williams: The bottom line of this program: The banks, and those who control these banks in the Federal Reserve, will control every piece of mortgaged real estate in the U.S. before it is over.
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