Audit of the Federal Reserve results available now

Between 2007 and 2011, the Federal Reserve has "loaned" over 16 TRILLION dollars to foreign banks and corporations at ZERO (0%) interest. It's socialism for the rich, and bootstrapping for the rest of us. To put this in it's proper perspective, over the same time period as the "great recession," where American workers have seen jobs and wealth evaporate more then any other time in history, our "Federal Reserve" has spent more money then our combined GDP or "national debt" on banks and corporations "too big to fail" worldwide.

sanders.senate.gov...

You summed that up so well - can I use the content of your post to put that on FB?
Thanks for posting this. I knew it was bad. I knew right after the bail out I watched GS give 80 billion to finish that big skyscraper in Dubai.

This is what the protests should be about. As well as the bank bailouts.

reply to post by jessejamesxx


It is what the protests are about.

Hard to see why people don't understand that.

reply to post by hadriana


Use away. I am posting this everywhere. Especially tidbits like this:

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.

The CEO of JP Morgan Chase loaned his own company 390 billion dollars at near zero percent interest. It's hard to even imagine a bigger conflict of interest, and yet -- the laundry list runs down the page (and these are only the abbreviated results).

But, according to Herman Cain, there are audits all the time so we must have known about this before. Just call them up and ask them, they'll give you a few trillion, tell them 9-9-9 sent you.

Originally posted by apacheman
reply to post by jessejamesxx

 

It is what the protests are about.

Hard to see why people don't understand that.

People are easily fooled. The media writes "the movement has no voice, the movement has no purpose" and the sheeple regurgitate that in their writings and sayings while acting as though it was an independent thought.

I usually call those people ignorant and blind. Listen to the movement not the media covering it, you shall have your answers.

reply to post by 0zzymand0s


Thank you - and done.
I really just wanted to post "OMG"

I already knew the fed reserve was a crock, but maybe information like this will wake people up.
The republican candidates must have already seen this - it was mentioned by RP - I think it was - in the last debate.

Now, if the OTHER candidates were really serious about the federal reserve and helping middle America - I don't think you'd see Herman Cain bragging about working for the fed, and I think this would have been a MAJOR talking point.

So. Why wasn't it?

OMG

This isn't a full audit though, god only knows what else they're hiding.....

I have a better idea what they could have done with $16 trillion if they absolutely had to print and spend it at 0% interest rate.

$16,000,000,000,000 as a direct check divided up between the 308,745,538 Americans would equal $51,822.61 for every single American. 27.3% of the population is under 20 years of age so if we take that out of the population and just use the population 20+ in age that would be $71,282.82 per adult. People could have kept their homes, invested in savings, encourage entrepreneurship, and saved themselves from poverty. Or we could have eliminated the $14 some trillion national debt we currently have.

Nice job FED, let the American people become homeless and give all that money to other banks for free.

reply to post by Misoir


I'm a hack-writer of songs and sci-fi nonsense, and while I can imagine multiple universes where the action occurs simultaneously, forward and reverse the arrow of time, intersecting with one another occasionally, I can barely imagine a conflict of interest LARGER then the one described here.

Imagine what this would have done for our own economy if your numbers are correct and each American receiving 50K was mandated to pay their bills with this money?

We might have lived in a "golden age." And yes -- this isn't even a full accounting of the shenanigans.

reply to post by Misoir

Nice job FED, let the American people become homeless and give all that money to other banks for free.

Funny to think that when they print new US dollars they don't give the Us government a Zero percent interest deal. how can anyone support this system of robbing the poor to give bonuses to the rich? I mean, sure, in the short run some well placed people stand to make ungodly sums of money, but in the long run you can look forward to:

Depression (financial and emotional)
Increase in crime (poor people still need to eat)
Increase in homeless (banks aren't making it any easier to pay your bills)
Loss of gross national income (can't pay much taxes when you are bankrupt)

and quite possibly the scariest prospect of all:

The downfall of the United States of America as a super power and important player internationally. The US is being gutted and you can clearly see where the assets are heading.

It almost makes my head implode. financial crisis, people losing their jobs and homes, and the government pays out to the people who caused the problem in the first place, which solves NOTHING, banks still failed, people are still homeless, the economy is still in the crapper.


But, if those bailouts went to the people who needed them, the home owners, well, someone else beat me to the punch, a golden age.

It reminds me of reading about the money spent of WW2 and how that could have provided a home, no mortgage required, for every American, could have built new schools, could have provided free college education, could have provided free dental care.

But at least that money was spent on something that needed to be done, saving the world from Nazism and creating a bulkhead against Communism.

This money was spent to line the pockets of the very people who create the problem, and when I say created, I mean to say this is EXACTLY what they intended to do. The big players that caused this mess are still standing, got government bailouts, and were able to buy up their competition for pennies on the dollar.

Originally posted by apacheman
reply to post by jessejamesxx

 

It is what the protests are about.

Hard to see why people don't understand that.

If you ask the 99%, it's about how they can't pay for school, and how the government should give them a free ride.

There isn't a large "end the fed" movement in the protests, it's about Wallstreet. Wallstreet isn't directly related to the banks taking bailouts, and the FED dishing out all of our money.

The reason it's hard for people to understand, is because the protests, from an outsiders point of view, have been taken over by an extreme leftist view. They hate RP.

Originally posted by EspyderMan
People are easily fooled. The media writes "the movement has no voice, the movement has no purpose" and the sheeple regurgitate that in their writings and sayings while acting as though it was an independent thought.

I usually call those people ignorant and blind. Listen to the movement not the media covering it, you shall have your answers.

And I'm not talking about what I've heard on the media I don't watch the news. I'm talking about all of the "I'm the 99%" images plastered all over the internet, and a ton of the protester-shot videos. People berating Ron Paul, socialist agendas.. etc etc

reply to post by apacheman


The reason people don't see it is because what we mainly hear them standing up for is their student loans. We don't hear them defending and standing up for all of us, just for themselves and that does not impress those in the country that have bigger problems on their plate.

I empathize with their issues but they are not currently representing the country...they are representing their generation

That's why we don't see it............ or HEAR it

Originally posted by Misoir
I have a better idea what they could have done with $16 trillion if they absolutely had to print and spend it at 0% interest rate.

$16,000,000,000,000 as a direct check divided up between the 308,745,538 Americans would equal $51,822.61 for every single American. People could have kept their homes, invested in savings, encourage entrepreneurship, and saved themselves from poverty. Or we could have eliminated the $14 some trillion national debt we currently have.

Nice job FED, let the American people become homeless and give all that money to other banks for free.

edit on 10/18/2011 by Misoir because: (no reason given)

Consider that near half of those 300 million are children.
To even things out for adults, instead of including children where welfare scammers would bank big money on every kid, leave those checks for a head count on adults.

that's 16 tril divided by a round 150 mil.

It's a nice fantasy.

reply to post by jessejamesxx


Of course Wall Street is connected to the Fed and the banksters, and benefits from them.

It is disingenuous to claim otherwise: they are tightly interconnected and are composed of the same people wearing different hats at different times for different purposes.

Wall Street is a corrupt gambling den that no longer serves any useful purpose and has caused huge amounts of harm, it is the arena that allows the Fed and banksters a place to launder money the money stolen from the Treasury with a stroke of the pen.

this is why we should be protesting...

i heard G Edward Griffin at the Ron Paul Revolution in 08 at d.c. sum up his book 'the Creature of Jekyll Island' ..."can you say the biggest scam in the history of the United States..."
and ya gotta wonder where those trillions went...anyone,anyone,Ferris???

reply to post by jibajaba


Right. Even the words "conflict of interest" sound friendly and lovable, compared to this. I wonder if the news will even cover it?