How screwed are we now folks… read on.

Back in February 2008 we did a post talking about the Federal Reserve being neither Federal nor having any Reserves.
In other words the name Federal Reserve is a lie.

When we first reported on this The Fed was negative (overdrawn) $8.7 Billion ( Folks that is 8.7 billion dollars… can you imagine?).

Makes me wonder why they haven’t gotten a few over draft fees charged to them, courtesy the people of America.
We have to pay fees if we overdraft one cent… and your bank does what they can to overdraft your account so you have
to pay their fees… Why should these private bankers get away with this?
We get stuck with INFLATION and DEBT.

Let us move forward to May 2008. The Fed is now 110. Billion dollars in the hole….overdrawn…in the negative… what ever you prefer to call it.
Here it is in simple “Big Bird” Terms
To make the situation a bit more realistic. Here is the simple to understand way of how this works.
Basically there are two sets of numbers: required money that you are “required” to have and what you actually have in real money.

Because you have a negative 110 billion dollars as we speak, that does not truly represent the trouble we are all in, thanks to these
“Private Bankers”. Why is the number a false figure? Because it does not include what they are required to have. They don’t have that either.
Meaning these “Private Bankers” owe both the negative 111.85 billion dollars and the required amount that should be in reserve.
So these figures are both negative and should be added together as so. Making the true amount overdrawn much higher the 111.8 billion dollars.

This isn’t just beyond frightening it is going to be financially devastating… you don’t think these “Private Bankers” will repay this do you?
They haven’t paid a penny to date… YOU and I and the millions of Americans are strapped by debt because of our FEDERAL RESERVE

Think of it this way. Let’s say you have nothing in your your bank account, a zero balance.
You must have $1000 (USD) a month to cover your rent but you spend $2000.00 on random things.
You still have to have that $1000 to pay rent, so now you are actually $3000 (USD) over drawn.
With the fees that will be a hefty amount to have to put back in your account to get back to ZERO.
Of course banks won’t let us over draw that much…we would go to jail I am sure

This is a shameful -111.855 BILLION dollars USD. over drawn… and no OD (over draft) fees… that is WRONG.
What they are required to have is 40.572 BILLION DOLLARS in reserves.

Here is the math folks…
-111.855 + -40.572 gives us is a grand total of -152.427 billion that they are really in the hole.

If you get this then you should know why gas prices along with every thing else are so high and going UP.

This is causing horrible inflation.
When you price oil in gold, oil only slightly rises.

We want to hear from you, Please.
It is critical that we understand what drives inflation, which drives this recession/ possible depression.
Here is the chart you have been waiting for:
May 22 2008 H3 numbers
And here is a screen shot: