Fed audit: $16 trillion in loans to banks in less than three years

The greatest swindle in all of history, you would think that there would be a law against this wouldn't you. Well, there should be.

It's a sad, sad story Master Jack

2nd

oh yeah

They are going to do it again- look at the stock market. More billions down the rat hole.

We know where 16 trillion dollars went.

It disappeared without a trace last 2 years. When our congressman from Florida inquired, nobody knew.

this is what kept the commercial properties from doing what the residential did.

"in the future the Fed should keep better records of their emergency decision-making process."

LMFAO WHAT "FUTURE"? A country over 16 trillion in debt, horrific growth, catastrophic unemployment, endless drough & natural disasters, failing infrastructure, failing education.... I could go on for pages. There is no "FUTURE".

A National Debt Of $14 Trillion? Try $211 Trillion

Snip
It's those medium- and long-term debt problems that also worry economics professor Laurence J. Kotlikoff, who served as a senior economist on President Reagan's Council of Economic Advisers. He says the national debt, which the U.S. Treasury has accounted at about $14 trillion, is just the tip of the iceberg.

"We have all these unofficial debts that are massive compared to the official debt," Kotlikoff tells David Greene, guest host of weekends on All Things Considered. "We're focused just on the official debt, so we're trying to balance the wrong books."

Kotlikoff explains that America's "unofficial" payment obligations — like Social Security, Medicare and Medicaid benefits — jack up the debt figure substantially.


Courtesy of Boston University
Laurence J. Kotlikoff served as a senior economist on President Ronald Reagan's Council of Economic Advisers and is a professor of economics at Boston University.
"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."

We don't hear more about this enormous number, Kotlikoff says, because politicians have chosen their language carefully to keep most of the problem off the books.

Full article
[link to www.npr.org]

as much as I despise Alan Grayson, it was a classic moment when he questioned the fed about the missing trillions....

She had no reply

it's all just monopoly money to the biggest ponzi scheme in history. 16 trillion, 160 trillion, 16000 trillion.. whatever, what's the difference. who knows what the real numbers are anyway

the shill economists will just keep focusing on bogus irrelevant gdp data as they do all over the world

a) pieces of shit
b) they took their payoffs and spent it IMMEDIATELY
c) They bought gold, silver and copper mostly.
d) dont be sheep

Treason.?

If the federal reserve is the central bank and they loan money to banks do those banks to pay it off? Also can the banks use that money to then turn around and "create" 20 trillion through fractional reserve banking? Also if the fed reserve loans it to the banks how does that become debt to the public?

Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in "Economic Solutions" where he lists the ten primary shareholders in the Federal Reserve banking system.

1) The Rothschild Family - London 2) The Rothschild Family - Berlin 3) The Lazard Brothers - Paris 4) Israel Seiff - Italy 5) Kuhn-Loeb Company - Germany 6) The Warburgs - Amsterdam 7) The Warburgs - Hamburg 8) Lehman Brothers - New York 9) Goldman & Sachs - New York 10) The Rockefeller Family - New York
Now I don't know about you, but something is terribly wrong with this situation. Namely, don't we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That's 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, "Rule By Secrecy.
" He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:
1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.
3%
2) Citbank - 4,051,851 shares - 20.
5%
Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn't that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our "selected" officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.

Where does the money come from?
We all know that the Federal Reserve CORPORATION prints money - then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let's remember one thing about the very essence of banking - primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a "gold standard" (i.e. our money is backed by gold).

So, with that in mind, let's look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in "Why A Bankrupt America"). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here's the catch - 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can "create" a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.
00! That's not a bad deal, huh!
The banking industry calls this process "seignorage." I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people's money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I'm no genius, but who do you think is getting screwed in this process? US - the people at the bottom rung of the ladder.

What's worse is that - now catch your breath - there's NO MORE gold left in Fort Knox! It's all gone. In other words, the GOLD STANDARD that our financial system was based upon is now an illusion. We can't convert our money into gold --- only other currency. The entire underlying basis for our money is now a lie - a sham. The Federal Reserve has become so arrogant that they've become a literal MONEY MAKING MACHINE, creating currency out of thin air! So that's where the Fed gets their money - they literally make it, then lend it to us so they can make even MORE money off of it.

Money As A Religion
The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, "Secrets of the Temple: How the Federal Reserve Runs the Country" that details how the Controllers have conditioned us to accept this absurd situation.

To modern minds," he writes, "it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding.
"
Mr. Grieder continues, "Above all, money was a function of faith. It required implicit and universal social consent that was indeed mysterious. To create money and use it, each one must believe, and everyone must believe. Only then did worthless pieces of paper take on value.
"
Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! In the past, money was supposed to represent something of tangible value.
Now it's simply paper!
Taken one step further, many of us don't even use paper money any more! Why? Well, here's a scenario. Many places of employment directly deposit their employee's paychecks into the bank. Once the money is there, when bill time comes around, the person in question can write out a stack of checks to pay them. Plus, when they need gasoline they use a credit card; and groceries a debit card. If this person goes out for dinner on Friday night, they can charge the tab on their diner's card. But what about the tip? They simply scribble in the amount at the bottom of the check. So far, the person hasn't spent a single dollar bill. Plus, if you bring electronic banking into the picture, we've virtually eliminated the use for money.
And, God forbid, what happens when encoded microchips are implanted into the backs of our hand?
In essence, money has become nothing more than an illusion - an electronic figure or amount on a computer screen. That's it! As time goes on, we have an increasing tendency toward being sucked into this Wizard of Oz vortex of unreality. Think about it. Americans as a whole are carrying more personal debt than in any other time in history. Plus our government keeps going further and further into the hole, with no hope of ever crawling out. But we have less and less actual MONEY! We're being enslaved by the debt of electronic blips on a computer screen! And 70% of the banks that control this debt via the Federal Reserve exist in foreign countries! What in God's name is going on? As author William Bramley says, "The result of this whole system is MASSIVE debt at every level of society.
"
We're getting screwed in a sickening way, folks, and the people doing it are demented magician-priests that use the ILLUSION of money as their control device. And I hate to say it, but if we allow things to keep going as they are, the situation will only get worse. Our only hope ... ONLY HOPE ... is to immediately take drastic action and remedy this crime.

16 Trillion and the banks still go down?

Yes the end of the age will destroy the old system. We truly live in interesting times..

Pay-back time arrived yet?

Trees enough on our world to hang all......HUHhhh, dollar notes on?

Last Edited by FF@F on 09/01/2011 04:09 AM

hahahahhah


Oh man, we're fucked. Most people don't even know it yet.

NUKE The Fed while you still can America.
Before they strip you to the bone and send you plunging in their(The Fed & The Government) controlled demolition on the Main St. economy.
Debt=$176,000 per household.
WTF Over?
Who gave these pricks(the pricks that run the Government and The Fed) the right to enslave you in debt.
Time to abandon ship and let the Captains go to the bottom admirably.
In solidarity with our cousins to the south.

Peace

AND who pushed for this audit of the Federal Reserve?????

Two brave men in Congress.... Alan Grayson and Ron Paul!

I'm ready to pee my pants. No....wait....I gotta bring my tomato plants in first....be right back...

Well....I never looked it up but I'm pretty sure that Canada and most other countries are in a similar situation as America is in at the moment. They only attacked America first (in the back and in secret at 1th as 1 can aspect from any coward criminal against humanity)as America is/was the leading country of this world and when America falls....the rest will fall with it automatically. They only keep it on a infuse until they think the time is ripe to finish it off.

Final show down....ORDO AB GHAO...
NWO then can show it's true face...

Nobody feels like doing something to stop this from happening yet or we all wait for some father Christmas figure to save us from those few who pull the strings?

[link to www.google.com.hk]

There is a law against stealing and fraud. They wont investigate themselves or their own.
UNTIL you realize that you can resist, you will be drained of all value, as long as you give priority to some deceptive piece of paper written to obligate you and excuse them

Yep.

The Banksters took that money, doled out fat bonuses and raises to themselves, and then lit the rest on fire.

It would have been neat if they had, instead, passed it out to create jobs, is it was intended. But, they had other priorities.

True.

But, Florida punished Alan Grayson.

yes you are being robbed

yes the banksters know they are robbing you

yes obama is in on it

arrest the fuckers while you still have a country and a jail to put them in

STUPID AMERICANS

wow, get fired up