Community | November 16, 2011 | 3 comments

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

source: http://www.silverbearcafe.com/private/10.11/gaoaudit.html

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$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. 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.

PLEASE GO TO http://www.silverbearcafe.com/private/10.11/gaoaudit.html and read the rest of the audit.
  1. groups:
    Community,   News and Politics,   Corruption
  2. tags:
    Politics,  WTF,  United States,  Congress,  7 more
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3 comments // Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

  • artemis6
  • Dagum
    • +1
      Dagum  

    • Look at him. In all his splendor. He's a monetary god who can secretly bail out banks and corporations around the world without going through the congressional appropriations process, without any votes, without even informing anyone.

    • 6 months ago
  • bailey78
    • +2
      bailey78  

    • $16 Trillion is that all?? Hell I will write a check to cover that. Umm just don't try to cash it till after I die Ok?? Now to get real. How much more of this are we going to take? Do we have to end up like Greece in order to say enough? Do we not have a way to remove these people from office to save our Country? Those that are suppose to be looking out for the Country but are lineing their pockets need to be brought to trial for crimes such as treason and theif from the American public.

    • 6 months ago
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