Ron Paul, newly appointed head of the Congressional Banking Committee, says the Fed is bailing out states and cities by purchasing their bonds, even though they almost certainly will go into default. As usual, the money will be taken from all citizens in the form of higher prices and destruction of savings. [The banking cartel is in charge, and Congress is in its service.]

Title is by the amazing G. Edward Griffin!

[youtube=http://www.youtube.com/watch?v=-ei3iSNdy2E]Fox Business December 10 2010