Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

[Max Headroom]

from this article:
http://www.silverbearcafe.com/private/10.11/gaoaudit.html

[FONT=Arial, Helvetica, sans-serif]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..[/FONT]

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​

it would take a fraction of this money to eliminate global poverty completely.

angry yet?

 

[soursmoker]

"eventually the poor will have nothing to eat except the rich ." not my quote

 

[Iron_Lion]

 

[THE PABLOS]

Angry yet? No. I admire the genius.

 

[soursmoker]

and that's just what was released to the public... think of all the secret military projects an shit. iron lions pic sums it up pretty nicely. money is
nothing...

 

[Grass Lands]

nothing more then the waste of trees on useless paper...

The more they print, the faster the demise...

 

[Prairie Boy]

Have they gone in to Fort Knox to audit all the gold that Is'nt there anymore yet?

 

[Swan Lee]

Meanwhile Barclays,Goldman Sucks and Morgan Stanley are makin g millions "from speculating on food staples such as wheat and soya ,prompting allegations that banks are profiting handsomely from the Global Food Crisis" !!!
Last week tradin g giant Glencore were attacked for describing the food crisis and price rises as a "good" business opportunity.
Source - http://www.independent.co.uk/news/b...akes-500m-betting-on-food-crisis-8100011.html

The worlds gon eto hell in a handbasket,if you ask me....wheres the pipe?

 

[MIway]

The naive (idealistic) side of my brain says this can't really have happened.

 

[señorsloth]

when did they audit the fed? last i had heard we only were able to do that in like 2008 and as i remember the figures were quite a bit lower than that, but still higher than our entire national debt...

 

[BongToke]

isnt the national debt something like 16 trillion too.

hyper inflation seems to be the way things are headed

 

[MadBuddhaAbuser]

This audit was from 2011. however, these aren't really complete audits. The current bill would be more in depth and reveal much more. It also scares the hell out of bernanke.

http://thehill.com/blogs/on-the-mon...to-examine-fed-could-cause-nightmare-scenario

Bernanke warns Ron Paul's Fed audit bill could cause 'nightmare scenario'

By Peter Schroeder - 07/18/12 01:32 PM ET





Federal Reserve Chairman Ben Bernanke warned Wednesday that an audit bill pushed by Rep. Ron Paul (R-Texas) could create a "nightmare scenario" for the central bank.

Testifying before the House Financial Services Committee, Bernanke pushed back against efforts to subject the Fed to full audits by the Government Accountability Office (GAO), cautioning that doing so would subject the politically independent institution to the whims of lawmakers and render the Fed ineffective.









"The nightmare scenario that I have is one in which some future Fed chairman would decide to say, raise the federal funds rate by 25 basis points, and somebody in this room would say, 'I don’t like this decision and I want the [Government Accountability Office] to go in ... and give us an independent opinion of whether or not that would be the right decision," he said.

Establishing a system in which the Fed's monetary policy moves could be immediately called into question by lawmakers would have a "chilling effect" on the institution and generally reduce its ability to help steer the economy, he warned.

"There's a lot of evidence that an independent central bank ... will deliver lower inflation and better economic results," he said.

Bernanke found himself fielding questions from multiple Republicans on the matter as legislation that would allow Congress to direct the GAO to review all Fed operations is making its way through the House.

Paul's bill, which has garnered 271 co-sponsors, was approved by voice vote by the House Oversight Committee in June, and GOP leadership has committed to a floor vote on the measure sometime this month.

Bernanke said he was largely supportive of the measure in general, but maintained it was "absolutely critical" to exempt Fed policy decisions from immediate oversight. He detailed the number of ways the Fed is already accountable to Congress and emphasized that the Fed is committed to that goal.

"I agree absolutely with Dr. Paul that the Federal Reserve needs to be transparent and it needs to be accountable," he said. "I would argue at this point we are quite transparent and accountability."

He went on to indicate that Paul's bill is not being accurately sold to the public, contending that the Fed is already being audited under common understanding.

"I think the term 'audit the Fed' is deceptive. The public thinks auditing means checking the books ... making sure you're not doing special deals," he said. "All of those things are completely open."

Paul, who likely was facing Bernanke for the final time before he retires this fall, was unconvinced.

"When the Fed talks about independence, what they're really talking about is secrecy," he said.

 

[amannamedtruth]

Yup

Yup

"eventually the poor will have nothing to eat except the rich ." not my quote

'The higher you go, the harder you fall.' Not my quote.

Funny cause most of these guys would not advocate for welfare for the poor.

 

[bentom187]

heres few good points to remember about the fed.

Tom Woods Breaking Down the Federal Reserve Like a Boss
[YOUTUBEIF]g_rWntmNOI8[/YOUTUBEIF]

 

[señorsloth]

Funny cause most of these guys would not advocate for welfare for the poor.

well duh...i think as the conspiracy theory goes the goal is to get as much money out of the middle class as possible before they realize what is going on and the system crashes, whether it be banks or whatnot, if the fed really is putting out that much money then in reality our money must be worth next to nothing, and eventually once everybody knows what the fed is doing our dollar crashes and our economy tanks and we become a third world country, with like 2% upper class 5%, middle class, and 93% poor as shit...

in a scenario like that you would want the safety nets like welfare and medicare gone beforehand, before you suddenly make hundreds of millions of people so poor they actually qualify for those safety nets overnight...

honestly i want to say it's probably not happening, and if it is there isn't anything i can do about it so i might as well try not to think about it...but to be honest sometimes it just seems like everything our government is doing these days is just a big lead up to something like this happening...corporations have more and more influence on tax codes and politics, we are the only industrialized nation without true government health care, the only nation that allows big pharma to advertise on tv.

it's like everything in our country is set up for corporations to make profits, at our expense, and because of the way the media is now also controlled by corporations 90% of people don't even know that in most other countries you get free healthcare, not a lifetime of debt from one car accident, they get free college, and then are later taxed slightly higher to pay it off, interest free, rather than spending 30 to 40 years paying 20% or more off your income paying of mostly interest to banks to get school loans...

not only do they not realize it, they think that the rest of the world is behind us, that we should avoid socialism at all cost, we should get rid of all regulation, including the EPA! and privatize as many businesses as possible, if private healthcare is a bad idea, and allows insurance and pharma companies to rape our wallets, and the same thing is happening in colleges with student loans...do you really think we should put the same type of people in charge of our elementary schools, and every other thing the government is supposed to be doing non profit??

i dunno it seems like it would be a great system for the upper-class were we to suddenly realize our money was worth nothing and crash into a third world country...then the upper class could just tell us all were out of luck if we can't afford healthcare, schooling, food, or rent, because they aren't going to raise taxes on themselves to pay for it, and they have almost all the money so there isn't any point taxing the rest of the country, wich would be all lowerclass in a 3rd world scenario...

 

[Blue Socks]

Corporations are just people, take em out.

 

[BudToaster]

this makes perfect sense. it is just Bain writ large.

i have learned a lot about Bain from the Matt Taibbi article in Rolling Stone. Pure fucking evil. Find a cash flow and tap it - and what's bigger than payment on american debt.

i think we're all serfs on this bus.

 

[Stoner4Life]

The naive (idealistic) side of my brain says this can't really have happened.

and you sir, would be correct!

 

[idiit]

the fed is a privately owned corporation. the fed is not part of the us federal government. the us treasury issues bonds (iou backed by us taxpayers) and the fed trades us fiat currency called federal reserve notes for the ious is the biggest ponzy scam in the history of man. the zionists ( zionists are not jews) that run the whole new world order agenda can just create fiat currency on computers, print a few federal reserve fiat currency notes ( dollar bills of varied denominations, $!, $5, $10, $20, $50, $100) and buy anything of value they want with it. the dark cabal (zionists that run the federal reserve) can just print quadtrillions of dollars and buy, bribe their way. when nixon took the us off gold backed monetary system it allowed the zionists at the federal reserve to carte blanche create as much fiat currency ( currency not backed by a commodity, just created out of debt) as they need for all their wars, assasinations, bribes, commodity acquisitions.

the zionists are actually luciferians that hide behind groups including jews, christians, muslims, free masons. the zionists groomed hitler to take power in germany. anyone who thinks an attack on the zionists is an attack on hebrews is misinformed.

the zionists are the bildebergers, the council on foreign relations, illuminati et al. bush family thru granddad prescott bush (george bush senior's daddy) has proven links to the nazis. well documented.

the zionist rabbit hole goes very deep. you can trace the zionists to aliens called reptilians. look up reptilian shape shift, reptilian new world order and go down the alice in wonderland for real rabbit hole!

 

[PetFlora]

Have they gone in to Fort Knox to audit all the gold that Is'nt there anymore yet?

Do you mean the gold PLATED tungsten bars? lol


Thanks for this thread. I haven't kept up with this topic