The System works because you work!

The System works because you work!

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER
All told, governments killed more than 262 million people in the 20th century outside of wars, according to University of Hawaii political science professor R.J. Rummel. Just to give perspective on this incredible murder by government, if all these bodies were laid head to toe, with the average height being 5', then they would circle the earth ten times. Also, this democide murdered 6 times more people than died in combat in all the foreign and internal wars of the century. Finally, given popular estimates of the dead in a major nuclear war, this total democide is as though such a war did occur, but with its dead spread over a century

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Friday, April 1, 2011

Fed Gave Billions in Credit to Libyan Govt-Owned Bank At Least $5 Billion in Loans Drawn in 2008-2009


Fed Gave Billions in Credit to Libyan Govt-Owned Bank

At Least $5 Billion in Loans Drawn in 2008-2009

by Jason Ditz, March 31, 2011
The massive bank bailouts of the last year of the Bush Administration and the first year of the Obama Administration spanned the entire planet. The Federal Reserve, with its tendrils firmly implanted in the world economy, have interests everywhere – even Libya.
That was the revelation of an investigation by Sen. Bernie Sanders (I – VT), which showed the Federal Reserve offered $26 billion in “emergency” lines of credit to the Arab Banking Corp, which is owned majority by the Central Bank of Libya. Over $5 billion was actually collected.
The data showed $1.1 billion borrowed in 2008, and $4 billion from the Obama Administration’s Fall 2009 bailout plan. The US has imposed sanctions on Libya now, but interestingly enough has not sanctioned the bank, which is still owned chiefly by the Libyan government.
The Federal Reserve declined comment on the outstanding loans, but former Fed Bank President William Poole defended the move, saying there was an “uneasy detente between the US and Libya” at the time.

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