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Audit of the Fed. Reserve Finds $16 Trillion in illegal Bailouts
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Capt. Justice
Dec 9, 2011, 9:42:13 AM12/9/11
to
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
. .
Posted by AD on July 21st, 2011
http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts
. .
The first ever GAO(Government Accountability Office) 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(pictured to the left), 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's nearly 100 year history were posted
on Senator Sander's webpage earlier this morning:Â
. .
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
. .
What was revealed in the audit was startling: $16,000,000,000,000.00 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 world's 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.
""This is a clear case of socialism for the rich and rugged,
you're-on-your-own individualism for everyone else."" Bernie
Sanders(I-VT)
. .
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 supercorporations like
Halloween candy. If the Federal Reserve and the bankers who control it
believe that they can continue to devalue the savings of Americans and
continue to destroy the US economy, they will have to face the
realization that their trillion dollar printing presses will eventually
plunder the world economy.
. .
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)
and many many more including banks in . Belgium of all places
View the 266-page GAO audit of the . Federal Reserve(July 21st,
2011): .
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation .
Source: .
http://www.gao.gov/products/GAO-11-696
FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf
Senator Sander?s Article:
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
. .
Posted in Economics, Federal Reserve, News Tags: bailout, DeMint,
Federal reserve, printing, Ron Paul, Sanders, trillions
. .
« The Economics of Raising the Debt Ceiling .
> > > Iowa GOP Chairman Endorses Ron Paul » < < <
.
Responses are currently closed, but you can trackback from your own
site.
. .
Posted by AD on July 21st, 2011
http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts
. .
The first ever GAO(Government Accountability Office) 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(pictured to the left), 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's nearly 100 year history were posted
on Senator Sander's webpage earlier this morning:Â
. .
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
. .
What was revealed in the audit was startling: $16,000,000,000,000.00 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 world's 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.
""This is a clear case of socialism for the rich and rugged,
you're-on-your-own individualism for everyone else."" Bernie
Sanders(I-VT)
. .
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 supercorporations like
Halloween candy. If the Federal Reserve and the bankers who control it
believe that they can continue to devalue the savings of Americans and
continue to destroy the US economy, they will have to face the
realization that their trillion dollar printing presses will eventually
plunder the world economy.
. .
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)
and many many more including banks in . Belgium of all places
View the 266-page GAO audit of the . Federal Reserve(July 21st,
2011): .
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation .
Source: .
http://www.gao.gov/products/GAO-11-696
FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf
Senator Sander?s Article:
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
. .
Posted in Economics, Federal Reserve, News Tags: bailout, DeMint,
Federal reserve, printing, Ron Paul, Sanders, trillions
. .
« The Economics of Raising the Debt Ceiling .
> > > Iowa GOP Chairman Endorses Ron Paul » < < <
.
Responses are currently closed, but you can trackback from your own
site.
Capt. Justice
Dec 9, 2011, 3:59:33 PM12/9/11
to
>. . excerpt from previous $16 trillion
>RIP-OFF by "The Fed" post.
>RIP-OFF by "The Fed" post.
Capt. Justice
Dec 9, 2011, 4:08:46 PM12/9/11
to
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.. >
. .
Reserve can be found on page 131 of the GAO Audit and are as follows.. >
Citigroup: $2.5 trillion .
($2,500,000,000,000) .
. .
($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)
. .
($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)
. .
($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)
. .
($183,000,000,000)
Bank of Scotland (United Kingdom): $181 . billion ($181,000,000,000)
. .
BNP Paribas (France): $175 billion . ($175,000,000,000)
. .
and many many more including banks in . Belgium of all places
. .
View the 266-page GAO audit of the . Federal Reserve(July 21st,
2011): .
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation . Source:
. http://www.gao.gov/products/GAO-11-696 .
2011): .
http://www.scribd.com/doc/60553686/GAO-Fed-Investigation . Source:
.
. .
Senator Sander's Article:
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
Capt. Justice
Dec 12, 2011, 3:10:26 PM12/12/11
to
7 Nations on Neocon Hit List ( 10 yrs before 9/11==by James P.Tucker,
Jr.
. .
December 09, 2011 admin
By James P. Tucker Jr.
. . .
Some 10 years before the Sept. 11, 2001, attacks on New York and
Washington, D.C., top neoconservatives in the Pentagon orchestrated a
major "policy coup" to start wars with multiple Middle Eastern countries
and secure total domination of the Middle East in order to take their
oil. That's according to a top former U.S. military officer.
. .
In a speech in San Francisco, top Gen.Wesley Clark recounted a memo
drafted by former Defense Secretary Donald Rumsfeld's office in the wake
of 9-11 that was brought to his attention by a top Pentagon official.
The neocons' plot, he was told, was "to attack and destroy the
governments in seven countries in five years""we're going to start with
Iraq, and then we're going to move to Syria, Lebanon, Libya, Somalia,
Sudan and Iran" Clark said the neocons "wanted us to destabilize the
Middle East, turn it upside down, make it under our control."
. .
While 9-11 provided an excuse for broadening the wars, neocons were
plotting a decade earlier for regime changes across the Middle East.
. .
(My Insert-Jan 18,"1991" was date Pres.
Bush,Sr launched first "desert storm"
attack on Iraq=re-below conversation)
v . v .
Clark cites a 1991 conversation with Defense official Paul Wolfowitz,
who said: "One thing we did learn [from the Iraq wars] is that we can
use our military in the region, in the Middle East, and the Soviets
won't stop us. . . .And we've got about five or 10 years to clean up
those old Soviet regimes ""Syria, Iran, Iraq ""before the next great
superpower comes on to challenge us.
. .
Shocked, Clark responded to Wolfowitz at the time by asking: "The
purpose of the military is to start wars and change governments? It's
not to deter conflicts?"
. .
Most military officers in history, with the exception of Dwight
Eisenhower, are conspicuously non-political, but the imperialism that
shocked Clark emerged a century ago under Woodrow Wilson, who was able
to convince Americans and Congress to enter what we made into WWI.
. .
A generation later, FDR baited Japan into invading Pearl Harbor and got
America into WWII. The war ended the Great Depression as 14 million
American men got temporary jobs carrying guns while the manufacturing
industry made fortunes. The price was high: More than 400,000 Americans
were killed, and the debt is still killing us.
. .
http://americanfreepress.net/?p=1794
Jr.
. .
December 09, 2011 admin
By James P. Tucker Jr.
. . .
Some 10 years before the Sept. 11, 2001, attacks on New York and
Washington, D.C., top neoconservatives in the Pentagon orchestrated a
major "policy coup" to start wars with multiple Middle Eastern countries
and secure total domination of the Middle East in order to take their
oil. That's according to a top former U.S. military officer.
. .
In a speech in San Francisco, top Gen.Wesley Clark recounted a memo
drafted by former Defense Secretary Donald Rumsfeld's office in the wake
of 9-11 that was brought to his attention by a top Pentagon official.
The neocons' plot, he was told, was "to attack and destroy the
governments in seven countries in five years""we're going to start with
Iraq, and then we're going to move to Syria, Lebanon, Libya, Somalia,
Sudan and Iran" Clark said the neocons "wanted us to destabilize the
Middle East, turn it upside down, make it under our control."
. .
While 9-11 provided an excuse for broadening the wars, neocons were
plotting a decade earlier for regime changes across the Middle East.
. .
(My Insert-Jan 18,"1991" was date Pres.
Bush,Sr launched first "desert storm"
attack on Iraq=re-below conversation)
v . v .
Clark cites a 1991 conversation with Defense official Paul Wolfowitz,
who said: "One thing we did learn [from the Iraq wars] is that we can
use our military in the region, in the Middle East, and the Soviets
won't stop us. . . .And we've got about five or 10 years to clean up
those old Soviet regimes ""Syria, Iran, Iraq ""before the next great
superpower comes on to challenge us.
. .
Shocked, Clark responded to Wolfowitz at the time by asking: "The
purpose of the military is to start wars and change governments? It's
not to deter conflicts?"
. .
Most military officers in history, with the exception of Dwight
Eisenhower, are conspicuously non-political, but the imperialism that
shocked Clark emerged a century ago under Woodrow Wilson, who was able
to convince Americans and Congress to enter what we made into WWI.
. .
A generation later, FDR baited Japan into invading Pearl Harbor and got
America into WWII. The war ended the Great Depression as 14 million
American men got temporary jobs carrying guns while the manufacturing
industry made fortunes. The price was high: More than 400,000 Americans
were killed, and the debt is still killing us.
. .
http://americanfreepress.net/?p=1794
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