I bet this guy gets fired soon. I haven't seen this anywhere in print or video before. I knew the bail out was at least 12.3 trillion total, but 23.7 trillion I knew nothing about. No wonder they were able to pay back the 9 trillion in short term loans, they had another 9 trillion already loaned to them which still hasn't been paid back and probably never will be.
I noticed this a long time ago. Bloomberg had an article I think back in 2009 saying that all the bailouts together amounted to between $20 & $23 trillion, depending on how much was eventually shelled out. Alice Rivlin who is a prominent person among the establishment and a long-term top finance figure I think most recently working at the Federal Reserve came on tv and said that most of the money was borrowed from foreign sources. This is the only statement (I think) as to where the money actually came from. They didn't even tell us the terms of the loans. Then later on they said that our total cumulative federal government debt is less than $14 trillion. But before we started the bailouts we had a national debt of about $11-12 trillion. After the $20 trillion in bailouts they said out total debt was $14 trillion.
All this info does not add up. I noticed this a long time ago.
Why is most of the bailout money not counted as a debt owed by the federal government. We don't know the explanation.
Its like the first bailout in 2008. That legislation called for $5.3 trillion in taxpayer money to be doled out to Fannie & Freddie over time as it was needed. At the same time the Congressional Budget Office said this would cost the average american just $4. Of course they meant that would be the cost in the first year, knowing full well that over time it would be much much higher.
When our government speaks it is completely normal that they lie on a large scale. and then anyone who catches them in the lies is said to be a dark conspiracy theorist. In this manner we as a people are taught to march goose-step style like NAZIs. We learn to just say 'yes' to the government's fables even though it makes no sense and also to be intolerant of those who say 'no'.
Psalms 137:1 By the rivers of Babylon, there we sat down, yea, we wept, when we remembered Zion.