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**Zardoz** · (This post was last modified: 09-03-2012 04:18 PM by Zardoz.)

Quote: 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. 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.

“This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”- Bernie Sanders (I-VT)

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 supercorporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy.

The list of institutions that received the most money from the Federal Reserve can be found on page 131of 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 (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

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011):

http://beforeitsnews.com/economy/2012/09...49770.html

********

QUOTE ('blind prophet' pid='4032096' dateline='1345979909')

First thanks for bringing this to my attention scuff,

The basics of the CAFR, is this. There is the basic budget that everyone sees, the ones where we make cuts, try to balance etc. But the official record books are called a CAFR. or comprehensive annual financial report. These books show that we do not have unbalanced books but a surplus of wealth, not only this but that wealth continues to produce profits. So basically we pay for all the social programs etc, and the government invests the profits, but tells you they need more money.

http://www.youtube.com/watch?v=T2aif0Wk9E0

CAFR

http://en.wikipedia.org/wiki/Comprehensi...ial_report

The primary difference between a budget and a CAFR is that where the budget is a plan for the a fiscal period (often a year) primarily showing where tax income is to be allocated, the CAFR contains the results of the period (year) with previous years accumulations. A CAFR shows the total of all financial accounting that a general purpose budget reports does not. The CAFR contains a section that provides a comparison of period budget and actual. Additionally, the CAFR gives a detailed showing of investment accounts by category reflecting balances over previous years.

If you wish to look further via search engine use duckduckgo, google does not bring back as good of links.

Supposedly the majority of every newspapers/network editors know all about the CAFR and real budgeting but will never published, or talked about.

This was who started the CAFR subject for researchers and our people.

I am currently watching this now, and doing side research, the whole concept is new to me.

"The Biggest Game in Town" video was produced on January 8th 2000 and then was distributed only by VHS tapes. About 8,000 originals were distributed internationally and copy/distribution rights were given whereby about 140,000 1st, 2nd, and 3rd generation copies were circulated.

This was the first CAFR1 video that got the ball rolling for international disclosure of the CAFR of which has become the biggest shell game played in government finance.

http://www.youtube.com/watch?v=jkwjtbTjTsE

[/quote]

five star material here op great thread

Cheer

**LoP Guest** lop guest User ID: 118371 09-03-2012 04:22 PM

My O My have they been busy cooking. So what is the percentage that went overseas?

**Joe Neubarth**

LoP Guest Wrote:

My O My have they been busy cooking. So what is the percentage that went overseas?

The bailouts have gone all over the place on the planet. We are trying to forestall a global economic collapse, but so far it looks like we have only postponed it.

The simple fact of the matter is that the planet needs international trade to keep people employed, and the buying of those trade items is falling and falling as people are convincing themselves that they can make do with less.

I have been driving the same car for 12 years. My wife used to insist that we change cars ever two years or so. I never saw the need for it as I believed that if you bought a well engineered car, it was worth while to keep it until it started to have problems. I have finally convinced her that it is foolish to keep on buying new. Now, we have saved a hundred thousand dollars that we might have spent on new car purchases, and the car that I have been driving (a stick shift) has gone 130,000 miles without giving me one problem (Not even the clutch). Now, we can donate the money we have saved to charity.

Now, of course I figure I should buy a new car to help keep some auto assembly worker busy so he can support his family.

Consider this, nearly half the population of China is unemployed or underemployed. And it gets worse than that in the other countries of the world. In Spain, nearly 70 percent of the population is underemployed or unemployed. In Mexico it is nearly 72 percent. The world is going to hell, and nobody knows how to get people to buy so others can have jobs.

It is almost as if a collective consciousness of the Universe is saying SCREW IT, lets all just relax like the Mexicans peasants do in Mexico and live with subsistence farming.

**Kanigo2** lop guest User ID: 97971 09-03-2012 04:44 PM

I read the entire document last night, the scope and size of each program is utterly staggering.

the number that Zardoz is posting are the most pertinent as far as US banks are concerned, butt the moneys to foreign banks is about 1/10 of that.

this doesn't include all the programs that were started to keep market function operating correctly which is just as egregious.

**Zardoz** · (This post was last modified: 09-03-2012 05:18 PM by Zardoz.)

http://www.youtube.com/watch?v=g0FrbJIYxWc
End the Fed protest is Sept. 22

http://www.federalreserve.gov/otherfrb.htm
Locate your Federal Reserve Bank and show up!
http://www.federalreserve.gov/branches.htm

**geminigirl**

I'll have time tomorrow to read the whole doc. Thanks for posting this!

**Kanigo2** lop guest User ID: 97971 09-03-2012 05:37 PM

http://www.sanders.senate.gov/imo/media/...gation.pdf

There is the full pdf

**Helen Keller**

filed under: why elections do not matter #4,372

**ALLCAPSNAME**

Pin-worthy.

**Flat**

Helen Keller Wrote:

filed under: why elections do not matter #4,372

What?

Isn't this why election matter most?

Unless you believe that the voting system is "rigged" and that who you vote for doesn't matter due to electronic voting fraud or the like, then your vote is about the only thing that will ever change this shit.

P.S. I am making a large, silly assumption that you're not actively involved in politics on your own local level.

**raisinbread**

This is just reason the keep stacking to avoid inflation. Nothing like doubling the debt overnight. Wonder where the can they have been kicking is? I bet its not even on the radar anymore.

**stanfiem**

I will make say what I said in the previous thread.

To think that the FED would allow a completely transparent "audit" would be kind of naive. I imagine the chronies who cooked the books the first time around probably looked for things that appeared shocking to satisfy the public / medias need for an audit. When ever I see things like this I just picture all of the worse doings that they are not showing us. To me that is how this system works. Give the kiddies just enough to satisfy their needs but never tell the whole truth. It truly is a sad world we live in.

16 trillion dollar bailout? Think of what kind of corruption there is if that is what they chose to hide behind.

**LoP Guest** lop guest User ID: 84366 09-03-2012 06:01 PM

You know, something about this whole thing reeks of bullshit. Not a single audit in a century and just now they decide to allow it. It doesn't add up. The money changers would not let something like this happen unless it served their purposses... like collapseing our economy perhaps?

**Bond, James Bond** Licensed to kill User ID: 007 09-03-2012 06:02 PM

Flat Wrote:

Helen Keller Wrote:
filed under: why elections do not matter #4,372

What?

Isn't this why election matter most?

Unless you believe that the voting system is "rigged" and that who you vote for doesn't matter due to electronic voting fraud or the like, then your vote is about the only thing that will ever change this shit.

P.S. I am making a large, silly assumption that you're not actively involved in politics on your own local level.

Yes. The vote is rigged. "Uncounted" Even at the local level, politics is crooked!