Tuesday, September 27, 2011

First Ever GAO Audit Of The Federal Reserve

You can click on the site and read the report.
This might make your blood boil!


The first ever GAO audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve nearly 100 year history were posted on Senator Sanderâs webpage earlier this morning.

What was revealed in the audit was startling:
$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the worldâs banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.

Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.

The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion. ****

When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self-identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy. The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:
Citigroup: $2.5 trillion($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)IT WILL BE INTERESTING AS TO HOW MUCH ATTENTION (AS WELL AS THE SLANT) THE MAINSTREAM MEDIA GIVES THIS UNBELIEVABLE POSITION OF OUR GOVERNMENT HAS PLACED US IN WITH NEVER PREVIOUSLY HAVING AN AUDIT OF THE FEDERAL RESERVE.

I AM CONFIDENT THAT WE WILL HEAR SOMETHING LIKE THE FED HAD TO GIVE STIMULUS TO WHOM THE $16 TRILLION WENT TOO BECAUSE IF WE HAD NOT ALLOWED THIS IT WOULD BE THEIR COLLAPSE AND THE OURS.

HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS? (PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE BOOK SAID TO CHANGE ANY GOVERNMENTâS ECONOMIC SYSTEM INTO A SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO SAVE THEM

10 comments:

Anonymous said...

http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts
http://divineearth.org/main/2011/08/15/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts/
http://www.standupamericaus.org/politics-washington-dc/reprise-fed-audit-16-trillion-in-secret-bailouts/
http://www.bankster.tv/index.php?topic=1609.0
http://www.bankster.tv/index.php?PHPSESSID=657d52c200c224b5db9b716ff73ce899&board=5.0 http://www.bankster.tv/indexrename.htm ..in french..
http://auxinfosdunain.blogspot.com/2011/07/la-fed-et-son-sauvetage-des-banques.html
http://tpuc.org/forum/viewtopic.php?f=6&t=34870
http://www.documentingreality.com/forum/f225/audit-federal-reserve-reveals-16-trillion-secret-bailouts-84162/
Paul Stramer - Lincoln County Watch - Tea Party Silver - Silver Snowball.
Paul Stramer and Lincoln County Watch blog covering political and business subjects with comment and links to much information and background. We cover Patriotic activities and politics, precious metals like silver and gold, radio communcations, network marketing, Lincoln County Montana, Eureka Montana, public safety issues, and emergency communications using Amateur Radio, and business band Frequencies. Please comment on these articles by clicking the comment link below the articles.
http://www.paulstramer.net/2011/07/federal-reserve-criminals-gave-16.html

Anonymous said...

It doesn't surprise me . The money went somewhere and we will retrieve it . ALL OF IT !

Anonymous said...

I doubt the real truth would be made public about audit details

Dan said...

I believe if everyone will fill out a UCC-1 financing statement against the Federal Reserve and the Internal Revenue Service for a collection agency for the FED, then we can have judges thrown in prison for rejecting these forms or have the FED shut down immediately.

The US Dept of Treasury did.

http://nesaranews.blogspot.com/2011/09/us-dept-of-treasury-is-set-to-foreclose.html
The US Dept of Treasury is set to foreclose on "the Fed" by virtue of filing a UCC-1 financing statement and a lien on the Federal Reserve System.

Anonymous said...

We know that all the Congressional reps know all about this. We must now let them know we know and demand satisfaction. Along with the removal and prosecution of the imposter in the white house.

inkomwealth said...

Thanks for sharing. We were rather surprised that even Australian banks received several billion dollars each, starting with WBC at $1b and NAB at $1.5b. The mainstream media avoids any comments relating to this

Anonymous said...

I was beginning to think that I was the only Australian who knew that WBC and NAB received loans as well. To think, "It's different in Australia" - it really isn't.

Anonymous said...

This whole thing is really sad to me. Our founding fathers fought with every ounce of being they had to free us from the practice of "fractional reserve banking". They labeled them as "banking cartels". And President Andrew Jackson's Grave says "I beat the bank!".

It is my hope the banking cartels are not only dismantled but are also left to rot in jails so they can not do this again. And, those involved in killing President Kennedy not only hang for their crime but also all of the assets they have gained since the 1960's be returned to those whom were injured by their shell game of fractional banking, etc. --- SEE: http://constitutionalvoices.org/bloggers/freedomblogger2/?cat=3
... Lots of great educational info on the banking cartels and their murderous history.

It is my hope our society can throw a time line on the steps taken to re-establish the banking cartels in our country. And, demand it is taught in high school. Along with the history of Eugenics. --- SEE:
http://constitutionalvoices.org/bloggers/freedomblogger2/?cat=7

Anonymous said...

I thought the intent was for the corporations and banks to run amuck and destroy the "perceived" economy world wide. The federals reserve secretly steps in for bank bailouts only known to the higher ups of each country's Government so they (government and national banks) are now seceretly in debt to the Federal reserve. Soon the world market will still "crash". The Federal reserve is devistated as well. The world will then be pushed onto a new world market, new world bank and new world currency head up by the IMF. This would further their grip over the entire world. This would creat a world of socialism with the appearance of some independence.

I say perceived market and " the word crash because the true market is the people of the world and NOT the industry. The people creat the market and ultimately control the market. You can not destroy the world market without first destroying the people of the world.

Now what I do not know completely is why Ron Paul and the others have not been quiteed up. Others have been involved with accidents for far less crimes against the bankers and corporations.

Ron said...

It ALMOST doesn't matter who we elect...(ALMOST). We ALL need to do a lot of homework to really make as good as choice possible, with what(who) we have to work with. If our founding fathers could rise from the grave, they would probably cry like a baby and THEN declare war on our leaders!