Is this for real? Is Obama going to dismantle the Fed. Reserve?

[Jokinomx]

Below is an excerpt from a long article. I don't know if the site is ligit or not. But, if this is true we have yet to see the scope of change that Obama represents.

http://www.whatdoesitmean.com/index1199.htm
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A startling report is circulation in the Kremlin today stating that President Obama’s top aide, and his only official representative at the Davos World Economic Summit, Valerie Jarrett, was instructed by the new American leader to ‘inform’ Prime Minister Putin that the United States is in its ‘final phases’ of ‘taking down’ the powerful private European banking systems known as the Federal Reserve System that has controlled the US economy since 1913, and is currently attempting to destroy it.

According to these reports, President Obama’s plan to destroy the Federal Reserve System involves the creation of a new National Bank of the United States that would be completely owned by the US Government and would begin its new role by acquiring the home mortgages of American citizens, now called ‘toxic assets’, from the corrupt European Banking Empire run by the Rothschild Family after which it would then Nationalize all US Banks.

Leaked reports from Davos are further confirming this astounding news, and as we can read as reported by the CNBC News Service in their report titled “All Big US Banks Must Go to Fix Crisis”, and as we can read:

“The creation of a government bad bank to buy toxic assets is necessary, but then the government will need to take control of and restructure major banks to fix the system, one economist at the World Economic Forum in Davos told CNBC.com. “They have to do a bad bank,” Harvard Economics Professor Ken Rogoff said. But “if that's all they do then it's idiotic.”

Institutions like Citi and Bank of America will have to go, boards will have to be fired and equity stakeholders will be wiped out, Rogoff said. The plan could mirror the one Sweden implemented, where all troubled banks were nationalized, their balance sheets were cleaned up and the good parts of the businesses were sold to the private sector.”

http://www.whatdoesitmean.com/index1199.htm

[Sebastian Doyle]

1. If so, he had better double his Secret Service detail, and personally inspect Air Force One

The last President who tried to do that was JFK.

But it needs to be done. And as soon as possible.

[BlooInBloo]

2. (facepalm)

Please, make teh stupid stop.

[billyoc]

Quite a scoop for whatdoesitmean.com.

:rofl: :rofl: :rofl: :rofl: :rofl:
:rofl: :rofl: :rofl: :rofl: :rofl:

[Demeter]

3. Profoundly Unlikely

If the Fed is destroyed, it will be because Bernanke's idiotic plan to monetize the debt fails spectacularly. Unfortunately, that would mean the end of the US dollar, as well.

[lib2DaBone]

4. Unlikely..but it needs to be done....

..Obama should be careful... that "single Bullet" that got JFK from 3 diferent angles was deadly.

[Fire1]

7. LOL! That's only bullet I ever heard of that turned a corner!! LOL!

[pscot]

5. Might be a good time

to buy some gold.

[the other one]

6. JFK tried to do just that, and look where he ended up.

With apologies to Oliver Stone, but JFK's efforts to end the Federal Reserve regime probably had a lot more to do with his death than the Viet Nam war.

JFK decided that there was no reason to pay interest to the federal reserve for money to run the gov't., but instead he authorized the Treasury to begin printing money. About 6 months before his death, the US treasury began issuing US Notes. You can find one at your local coin dealer.

One of the first presidential orders issued by LBJ was the end of US Notes and a return to Federal Reserve notes.

Coincidence? or whacky Conspiracy Theory?

[aquart]

8. Okay, when I got to the "owned by the Rothschild family" I knew it was a crock.

And no American president would ever use the word "destroy" about a bank.

[Sebastian Doyle]

12. I seem to remember one of the Rothschilds trying to derail the Democratic primary process last year

She was a self proclaimed "PUMA", if I remember correctly. Maybe there's something to this after all?

[Kolesar]

15. Sounds like something from the John Birch Society

http://www.google.com/search?hl=en&q=none+dare+call+it+conspiracy&aq=0&oq=%22none+dare+c

http://www.amazon.com/None-Dare-Call-Conspiracy-Allen/dp/0899666612

[jody]

9. IMO the Fed and corporatists who control it and our financial institutions will emerge from this

debacle stronger than ever.

There will however be a public spectacle where a few underlings are pilloried and sacrificed but the corporatists will remain in power hidden behind the veil of secrecy surrounding multinational corporations.

Perhaps that's :tinfoilhat: and perhaps not. :shrug:

[The_Commonist]

13. I agree with you.

In the long run, those who have screwed us will only get stronger.
Read the piece in Rolling Stone:

http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1

And no, OP, don't think for a second that Obama has plans to dismantle the Fed.
No gonna happen!
Unfortunately...

[dixiegrrrrl]

10. link to video...quote is not quite what it sounds like

http://www.cnbc.com/id/28928650

and it IS CNBC, afer all.

[AZ Criminal JD]

11. This article belongs next to the comics.

To think that some people actually believe this crap.

[soothsayer]

14. No, but I wish!

[MarjorieG]

16. Bad bank, but where did they get the rest?