Spitzer on MSNBC: The Fed is a Ponzi scheme

This bit on MSNBC's Morning Meeting show starts with a very nice, simple, prop-aided explanation of the U.S. banking and financial crisis.

What follows is overdue analysis and criticism of the Fed and Ben Bernanke.

Sure, Spitzer slept with hookers, but he asked all the right questions here about the $12 trillion the Fed has pledged to risky U.S. banks. "This begs and cries out for hard examination.... This is a Ponzi scheme, this is an inside job," said Spitzer.

Then host Dylan Ratigan responded: "I feel as if America has suffered the greatest theft and coverup ever... Where banks created a pile of garbage that they paid themselves billions themselves billions of dollars in personal compensation and then stuck the trillions of dollars of garbage with the American taxpayer. That to me is stealing."

Watch this video!

http://dailybail.com/home/eliot-spitzer-the-federal-reserve-is-a-ponzi-scheme-inside-t.html

Then tell your Congressmen that you support Rep. Ron Paul's bill to audit the Fed! Just follow the link to Paul's site and type in your ZIP code:

http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/