Why 99% of the whole world wants to END THE FED: $16,000,000,000,000.00 (TRILLION) secretly given to US banks, corporations, foreign banks, writes Bill Woollam

First Ever GAO Audit Of The Federal Reserve Tuesday, September 27, 2011

 

 The recent bank bail-out process illustrated below, reminds me of something I saw in my wife’s Philippine farming community.  A group of local businessmen got together and formed a ‘Farm  Savings Co-operative’.  They encouraged the local farmers to deposit their money in the ‘Savings Co-operative’.  Unbeknownst to the hard-working and trusting farmers, the ‘directors of the board’ then proceeded to take out large loans for themselves from the Farm Co-operative bank.   These loans were never paid back.   These business shysters never intended to pay those debts back.  And within four years the ‘Farm Savings Co-operative’, once holding local farmers’ earnings, went bankrupt and closed its doors.


These banking privateers who control the Federal Reserve, obviously loan trillions of  dollars to ‘affiliated’ private banks, and those loans are never paid back!!  Tens of millions of dollars in bonuses (maybe more?) are given to the boards of directors and corporate executives who run these banks into the ground.

-Bill Woollam

Ron Paul (R – TX) and Jim DeMint (R – SC)  did it for us – audited the Fed Reserve.

 

Regardless of party affiliation, the following reveals a total sell-out, paid for by the middle class.

 

Tuesday, September 27, 2011
First Ever GAO Audit Of The Federal Reserve 
You can click on the site and read the report.

 

This might make your blood boil!

 

The first ever GAO 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, 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 nearly
100 year history were posted on Senator Sander’s webpage earlier this morning.

 

 

What was revealed in the audit was startling:

 

$16,000,000,000,000.00 (TRILLION) 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. ****

 

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 super-corporations like Halloween candy. 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 (UK): $  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
(UK):             $  181 billion  ($  181,000,000,000)
BNP Paribas
(France):         $  175 billion  ($  175,000,000,000)

 

IT WILL BE INTERESTING AS TO HOW MUCH ATTENTION (AS WELL AS THE
SLANT) THE MAINSTREAM MEDIA GIVES THIS UNBELIEVABLE POSITION OF
OUR GOVERNMENT HAS PLACED US IN WITH NEVER PREVIOUSLY HAVING
AN AUDIT OF THE FEDERAL RESERVE.

 

I AM CONFIDENT THAT WE WILL HEAR SOMETHING LIKE THE FED HAD TO
GIVE STIMULUS TO WHOM THE $16 TRILLION WENT TOO BECAUSE IF WE
HAD NOT ALLOWED THIS IT WOULD BE THEIR COLLAPSE AND THEN OURS.

 

HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS?
(PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE
BOOK SAID TO CHANGE ANY GOVERNMENT’S ECONOMIC SYSTEM INTO A 
SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN
THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO
SAVE THEM.

 

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5 Responses to Why 995 of the whole world wants to END THE FED: $16,000,000,000,000.00 (TRILLION) secretly given to US banks, corporations, foreign banks, writes Bill Woollam

  1. goyodelarosa says:

    OCCUPY PORTLAND OREGON MARCH FOOTAGE, OCT. 7, 2011

  2. goyodelarosa says:

    SEATTLE ANTI-GLOBALIST PROTESTS: KIRO NEWS OCT. 6, VIA REVOLUTION NEWS

  3. goyodelarosa says:

    WASHINGTON, D. C. BIRD’S EYE VIEW OF PROTESTS SHOWING 99% PEOPLE

  4. goyodelarosa says:

    ANTI-WAR PROTEST IN WASHINGTON DC:

  5. goyodelarosa says:

    UNIONS JOIN OCCUPY L. A. OCT. 6, 2011:

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