Bloomberg, the dying Fed and the birth pangs of the new Gold Standard

Anthony Migchels – Real Currencies Jan 31, 2013

A few days ago, Bloomberg published a chart that has been well known in the Alternative Media for years, showing how the Federal Reserve Bank debased the dollar since its 1913. They had been on the Fed’s case before. Bloomberg’s efforts mimic those of the Alternative Media and perfectly serve the wider agenda: the Money Power’s efforts to get rid of the Fed and move to a Gold Standard, which is being erected as we speak.
There are a number of interesting things about Bloomberg. It is owned by Michael Bloomberg (Blumberg), who became one of the richest men in the world according to the official lists. He’s also the Mayor of New York and as such one of the most influential politicians in the US. Bloomberg was financed by Merrill Lynch to found Bloomberg L. P., a publishing powerhouse mainly aimed at the financial information ‘niche’, a market worth about 20 billion per year of which Bloomberg takes about 30%. All this is on Wiki.
Bloomberg is one of the few Mass Media Empires that is actually doing well. It’s growing quickly, and opening up all sorts of new branches, like Bloomberg Law, Bloomberg Government and Bloomberg View (opinion). Not bad, in the middle of a Great Crunch and not quite the death spiral that most of their colleagues seem to be in.
Bloomberg is basically the only Mainstream outlet that has been fairly consistent in its mildly critical approach of the Fed since the credit crunch began. Its main ‘achievement’ was forcing the Fed to disclose at least some of its lending to the big banks during the crunch. They hammered through a Freedom of Information request after months of litigation.
And now there is this chart. Here’s the YouTube vid:

Of course, both ‘disclosures’ by Bloomberg are completely innocent, in the sense that they do not give up any secrets. Both before 2011 and today it was and is well known that the Fed had been handing out massive amounts to insider banks and the chart in the video is a cliche in the Alternative Media.

Continues …

One response to “Bloomberg, the dying Fed and the birth pangs of the new Gold Standard”

  1. [...] Both before 2011 and today it was and is well known that the Fed had been handing out massive amounts to insider banks and the chart in the video is a cliche in the Alternative Media. Posted on February 1, 2013 by Admin http://www.thetruthseeker.co.uk/?p=64664 [...]