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Title: The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends And The Media Is Ignoring The Eye-Popping Corruption That Has Been Uncovered
Source:
End of the American Dream
URL Source: http://endoftheamericandream.com/ar ... uption-that-has-been-uncovered
Published: Jul 25, 2011
Author: ead
Post Date: 2011-07-25 09:14:39 by Esso
Keywords: None
Views: 2262
Comments: 15
The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends And The Media Is Ignoring The Eye-Popping Corruption That Has Been Uncovered A one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act has uncovered some eye-popping corruption at the Fed and the mainstream media is barely even covering it. It turns out that the Federal Reserve made $16.1 trillion in secret loans to their bankster friends during the financial crisis. You can read a copy of the GAO investigation for yourself right here. These loans only went to the "too big to fail" banks and to foreign financial institutions. Not a penny of these loans went to small banks or to ordinary Americans. Not only did the banksters get trillions in nearly interest-free loans, but the Fed actually paid them over 600 million dollars to help run the emergency lending program. The GAO investigation revealed some absolutely stunning conflicts of interest, and yet the mainstream media does not even seem interested. Solid evidence of the looting of America has been put right in front of us, and yet hardly anyone wants to talk about it. Many Americans have a hard time grasping just how large 16.1 trillion dollars is. It is an amount of money that is almost inconceivable. It is more than the GDP of the United States for an entire year. It is more than the U.S. government has spent over the last four years combined. The Federal Reserve was just creating gigantic piles of cash out of thin air and throwing them around with wild abandon. One of the only members of Congress that has wanted to talk about the GAO audit has been U.S. Senator Bernie Sanders. The following is a statement about this audit that was taken from his official website.... "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world" So precisely who got this money? Well, a recent article on Raw Story named some of the big Wall Street banks that got some of this money.... Out of all borrowers, Citigroup received the most financial assistance from the Fed, at $2.5 trillion. Morgan Stanley came in second with $2.04 trillion, followed by Merill Lynch at $1.9 trillion and Bank of America at $1.3 trillion. But it just wasn't U.S. banksters that were showered with nearly interest-free loans. It turns out that approximately $3.08 trillion went to foreign financial institutions all over Europe and Asia. So who in the world gave the Federal Reserve permission to bail out financial institutions all over the world? Nobody did. But under our current system the Federal Reserve doesn't have to get permission. They literally get to do whatever they want. On his website, Senator Sanders expressed his outrage over these foreign loans.... "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president" So should we expect Congress to approve legislation that would reduce the power of the Fed? Of course not. We all know that is not going to happen. The Federal Reserve is run like a dictatorship. They get to do what they want and nobody can stop them. Not only did the Fed dish out over $16 trillion in secret loans to their friends, but they also paid their bankster friends over 600 million dollars to help them do it. According to the GAO, the Federal Reserve paid $659.4 million to the very financial institutions which caused the financial crisis to help the Fed manage all of these emergency loans. Can anyone say "conflict of interest"? Not only were the banksters raking in trillions in secret loans, they were also paid to help run the lending process. Wow. So why isn't the mainstream media talking about this? That is a very good question. But wait, there is more. It turns out that many Fed officials had very large investments in the financial institutions that were receiving these secret loans. So what was done about all of the conflict of interest issues that arose? According to Senator Sanders, "the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans." Oh, everyone was given waivers. Apparently corruption is okay if we just get everyone to sign a bunch of forms. The following is one example of a conflict of interest that occurred during this lending program that Senator Sanders noted on his website.... For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs. This is a classic case of the foxes watching the hen house. It was the banksters that caused the financial crisis. They were the only ones that the Federal Reserve helped. In fact, the Federal Reserve ended up having the banksters basically run the entire emergency lending program as Senator Sanders noted on his site.... The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. If you were not outraged by that, then you need to read it again. What the banksters have been getting away with is absolutely mind blowing. So will changes be made to make sure that something like this never happens again in the future? Well, the GAO has recommended that significant changes should be made. But as mentioned above, the only one that gets to tell the Federal Reserve what to do is the Federal Reserve. According to the Washington Post, the Federal Reserve is promising to "strongly consider" the recommendations of the GAO.... The Fed’s general counsel, Scott Alvarez, said in a letter responding to the GAO’s audit that officials will “strongly consider” the recommendations. Most Americans do not realize that the Federal Reserve is not actually part of the federal government. It is a privately-owned central bank that is not accountable to anyone. But most Americans still believe that the Fed is a government agency. The truth is that the Federal Reserve is about as "federal" as Federal Express is. In another article about the Federal Reserve, I noted that the Federal Reserve has even admitted that it is not an agency of the federal government in court.... In defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve objected by declaring that it was "not an agency" of the U.S. government and therefore it was not subject to the Freedom of Information Act. Basically, an unaccountable private monopoly creates our money, sets our interest rates, regulates our banking system and makes secret loans to whoever they want. The Federal Reserve has more power over our economy than any other institution and nobody can overrule any decisions that they make. Does that sound very "American" to you? Since the Federal Reserve was created in 1913, it has been systematically destroying the wealth of America through constant and never ending inflation. The U.S. dollar loses more value every single year. According to the U.S. Bureau of Labor Statistics, what you could buy for $1.00 in 1965 will cost you $7.17 today. Sadly, the devaluation of our money is actually accelerating. That is one reason why we are seeing precious metals soar right now. Not only that, but the Federal Reserve was also designed to be a perpetual government debt creation machine. Do you know how money is created in this country? Normally, more money is only created when more debt is created. What this sets up is a never end spiral where the amount of money and the amount of debt are continually increasing. Most Americans believe that we could solve the government debt problem if we could just control spending. But that is not the case. The Federal Reserve system was designed to get the U.S. government into constantly increasing amounts of debt and this is exactly what has happened.... The U.S. government will never fix the national debt problem as long as it participates in the Federal Reserve system. Founding fathers such as Thomas Jefferson tried to warn us about the danger of central banking. Jefferson strongly believed that when the federal government borrows money in one generation that must be paid back by future generations it is equivalent to theft.... And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. Not only that, Thomas Jefferson actually said that if he could add just one more amendment to the U.S. Constitution it would be a complete ban on all government debt.... I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing. Of course we did not listen to Thomas Jefferson, did we? Now we have gotten ourselves into one fine mess. If the federal government shut down the Federal Reserve system, started issuing debt-free money and established a new system based on sound financial principles we might have a chance of turning this thing around. But if we continue on the path that we are currently on, we are going to experience a financial disaster of unprecedented magnitude. We have piled up the biggest mountain of debt in the history of the world, and a day of reckoning is approaching. Our founding fathers tried to warn us about this, but we thought that we were so much smarter than them. Now we get to suffer the consequences of our foolishness. Click for Original Source and Links!
Poster Comment: Many Americans have a hard time grasping just how large 16.1 trillion dollars is. It is an amount of money that is almost inconceivable. Well, let ol' Esso make this clear for you: It's $64,400.00 from each & every American citizen. Every man, woman and child. Send it in.
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#1. To: christine, 4un, All (#0)
Good morning, sleepyhead! Up & at 'em! THE DOOM & GLOOM POOL IS OPEN! Wade on in.
The graph alone tells the story; even some of the sheep would see a problem after perusing that monstrosity.
"We'll know our disinformation program is complete when everything the American public believes is false." --- William Casey, Director CIA (Quote from internal staff meeting notes 1981) "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
When you add in the unfunded liabilities and the state debt it is estimated by some to be upwards of $75 trillion. Making it at least ~$227,000.00 per man/woman and child residing in this country.
"We'll know our disinformation program is complete when everything the American public believes is false." --- William Casey, Director CIA (Quote from internal staff meeting notes 1981) "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
I've seen numbers using GAAP that put the number north of $200 trillion. ~ $800,000+/citizen. Doesn't really matter. If we could majikally pay off the debt today, we'd be right back in the same boat in six months, less. The country's GDP is now actually less than $3 trillion. The six ongoing jewWars are costing far more than that alone. Spending is out of control, increasing spending & borrowing isn't going to fix that.
A visualization of US debt (credit card bill) stacked in 100 dollar bills
There it is, that's the key to this economic clusterf**k. We have no control over spending, and no ability to alter the course we're on. Enjoy each day from here on out in the best way you can. I'm certain, in short order, the 'net will be yanked and we'll be left to deal with the coming mess on our own.
The rest of the story on the 16 trillion dollars is that the money went to banks to cover their fraud and to keep a lot of Jews out of jail. The next step after monetary inflation is price inflation and at this level that would be hyperinflation. This will transfer all wealth from us to them. The iron fisted rule is that inflation transfers wealth from the people who get the new money last, the people who earn wages, to the people who were first to get the money. In this case the banks will own everything. Of course part of that 16 trillion also went to the news media to make sure that what I just said never gets on air.
The Truth of 911 Shall Set You Free From The Lie
America is destroyed, there's nothing left to save. Even if we could magically pay off the debt today, and all the tungsten in Fort Knox magically turned back into gold, we'd be right back to where we're at next month, next week, tomorrow. We don't produce anything of value anymore to pay our way. We're like a house that's burned down. You just can't slap together a couple of two by fours and call it fixed. First you have to destroy and sweep away all the remnants of the destroyed house, start with a good foundation, then rebuild. What does that mean? It means no more jews. It means no more Israel. It means no more zionists gnawing away at the foundation. It means America first, foremost and only. It means no more illegal aliens. It means we need to grow our own food. And pick it. It means we need to build our own drill presses, Teevees, telephones, integrated circuits, iDooDads, cars and toaster ovens. It means no more banks. It means no more money loaned/created for interest. It means no more paper money. It means living within our means of production. It means no more pointless wars. It means working, not tippy-tapping on a computer shifting wealth from the workers to the bankers. It means getting our hands dirty producing something. It means producing our own energy and using it wisely. It means no standing armies and very limited government. It means defending yourself. It means parents caring for and educating their children. It means children caring for their parents as they age. It means helping your neighbors. It means accepting responsibility for your fate. It means 'America First' this time. Never fucking happen.
I was listening to a replay of Texxe Marrs on Rense last night - if anything this article is understating the scale of the looting. The whole purpose of this is to get the United States far enough in debt to accept "Austerity Measures" meaning a Bankster Hostile Takeover. The correct response is to tell the Feral Reserve to take a hike and go fuck themselves - just like Iceland did.
Lol.... Gotta pad the talmudic joos media
"We'll know our disinformation program is complete when everything the American public believes is false." --- William Casey, Director CIA (Quote from internal staff meeting notes 1981) "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)
========================================================== $16 TRILLION is easy enough to hide if you know how to do it. Nothing to see here ..
U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY
The first ever GAO(Government Accountability Office) audit of the 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. 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’s nearly 100 year history were posted on Senator Sander’s webpage early Sunday morning (July 24) 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.
that's mindblowing, isn't it?
The men the American people admire most extravagantly are the most daring liars; the men they detest most violently are those who try to tell them the truth. ~ H.L. Mencken
But if we continue on the path that we are currently on, we are going to experience a financial disaster of unprecedented magnitude. We have piled up the biggest mountain of debt in the history of the world, and a day of reckoning is approaching. "....There are hundreds of thousands of people who loosing their homes and have debts that they cannot possibly pay. Some in the media and other opinion leaders want us to believe that this is because people are irresponsible. But we do not agree that this is the primary reason. We believe that the current financial system is designed to make people fail. In the book "Debt Virus" by Jacques Jaikaran, it is clear that the current system creates money out of debt but only the debt amount is created and the money to pay the interest on the debt is never created. This creates a system were there is not enough money is circulation to pay back all the debt. This means that the system is designed so that many people will fail. The second reason we offer this remedies is because the government owes a remedy. Beginning at least in 1933 the government took all our gold and our property to back their debt. There is no longer any money of real value so we can no longer "pay" our debts. All we can do is discharge our debts with more debt instruments (Federal Reserve Notes are debt instruments). If you do not understand this statement, then read the articles under the "Money" section of the site." [sic] Truth Sets Us Free Liberating Americans Through Education http://www.truthsetsusfree.com/whyOfferRemedies.htm Discharging debts with a Bonded Promissory Note (BPN) http://www.truthsetsusfree.com/remedyFAQs.htm [and the Anti-Defamation League of the B'nai B'rith will probably label you a terrorist to their Homeland Security/"Law" ( www.biblebelievers.org.au/babelaw.htm ) Enforcement] "...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm
Micah 4:10 Be in pain, and labour to bring forth, O daughter of Zion [ www.wnd.com/news/article.asp?ARTICLE_ID=55421 ], like a woman in travail: for now shalt thou go forth out of the city, and thou shalt dwell in the field, and thou shalt go even to Babylon; there shalt thou be delivered; there the LORD shall redeem thee from the hand of thine enemies. Modern "Commercial Law" is based on Ancient Babylonian Codes A Historical Research Article Linking the "Slave-Trading Codes" of Ancient Babylon to the Modern Laws of "Commerce", "Equity", and Civil/Municipal Jurisdictions. by Charles Bruce, Stewart Meyer Amschel Rothschild said: "Permit me to issue and control the money of a nation, and I care not who makes its laws . . . enforced unemployment and hunger, imposed on the masses because of the power we have to create shortages of food, will create the RIGHT of Capital to rule more surely than it was given to the real aristocracy". A new union between Babylonian religions, Babylonian banking and Babylonian law is returning the world to serfdom [-Ed]. When the Romans Conquered the Nation of Israel, shortly before the time of Jesus Christ or Yeshuah Messiah; they set-up a "Puppet Regime" in Israel, so-as-to more effectively Mask the harsh reality that the Israelites were a Conquered People. And because "Law" was frequently administered by a "Priesthood" in these ancient cultures, a group of priests known as "Pharisees" thereunder Combined with the Romans to Deceive, Confuse, Plunder, and En-Slave the common Israelite People. And because Christ/Messiah Jesus/Yeshuah was a Threat to that Oppressive/Despotic system; both factions of these over-lapping "special-interest-groups" Conspired to have Jesus/Yeshuah Nailed to the Cross/Stake. The Pharisees were Direct Participants in this Lawless Conspiracy to Murder this Innocent Man; even tho is seems that it was Roman Soldiers who actually completed the execution. These same Pharisees base their entire Religious Belief-System upon a body of Laws which is Not from the Ancient Jewish/Israelite Laws, which reach back to the teachings of Moses. Rather these Pharisees look to a body of so-called "Laws" which derive from "Slave-Trading Codes" in Ancient Babylon; and quite probably reaching back to Nimrod himself. The fact that the religion of the Pharisees has never been recorded as having become extinct, indicates that they and their Slave-Trading practices continue on to exist to this very day. In their own literature, the modern practitioners of "Rabbinical Judaism" Admit (quietly) that they are decedents from those ancient Pharisees. In their own book entitled "The Jewish Encyclopedia", and "prepared by more than Four Hundred Scholars and Specialists", and published by the "Funk and Wagnalls Company", in 1905, Page 665; the following text is presented: "With the destruction of the Temple, the Sadducees disappeared all together, leaving the regulation of all Jewish affairs in the hands of the Pharisees. Henceforth, Jewish life was regulated by the teachings of the Pharisees, the whole history of Judaism was re-constructed from the Pharisaic point of view, and a new aspect was given to the Sanhedrin of the past. A new chain of tradition supplanted the older, priestly tradition (Abot i. 1). Pharisaism shaped the character of Judaism and the life and thought of the Jew for all the future." Here is shown clearly that the ancient Pharisees are still alive and well writing textbooks for Funk and Wagnals in 1905, and disseminating such beliefs among their followers......." "...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936 2011)
#2. To: Esso (#1)
#3. To: Esso (#0)
It's $64,400.00 from each & every American citizen. Every man, woman and child. Send it in.
#4. To: intotheabyss (#3)
(Edited)
When you add in the unfunded liabilities and the state debt it is estimated by some to be upwards of $75 trillion.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936 2011)
#5. To: Esso (#0)
#6. To: Esso, 4um (#4)
Doesn't really matter.
#7. To: Esso, intotheabyss, christine (#4)
#8. To: Jethro Tull, christine, 4um (#6)
(Edited)
There it is, that's the key to this economic clusterf**k.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936 2011)
#9. To: Esso (#0)
The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends And The Media Is Ignoring The Eye-Popping Corruption That Has Been Uncovered
#10. To: Horse (#7)
Of course part of that 16 trillion also went to the news media to make sure that what I just said never gets on air.
#11. To: Esso (#0)
"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world" So precisely who got this money?
#12. To: HAPPY2BME-4UM (#11)
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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.
#13. To: TwentyTwelve (#5)
#14. To: Esso (#0)
(Edited)
If the federal government shut down the Federal Reserve system, started issuing debt-free money and established a new system based on sound financial principles we might have a chance of turning this thing around.
#15. To: AllTheKings'HorsesWontDoIt (#14)
bible.cc/micah/4-13.htm
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