Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video

The debt is not real. It does not exist.

Did the bankers loan out gold?

No, they loaned out worthless paper that they admit (in the fed website) has ZERO value.

They insist it be "payed" back with more worthless paper....

uh, do you see the reality here?

If EVERYBODY stood up and said "we ain't payin'"

The system would collapse.

It is your own delusion that gives the worthless paper its power.

NOTHING of value was given, therefore, nothing of value need be returned.

Do you see?

I wager before its all said and done we will be 100 trillion in debt. I can't find it now but I think the guy from shadowstats had it around 75 trillion or so two years ago.

sure this makes sense

The video, the OP, and a lot of posters here apparently have a sad understanding of what the Fed is and how the global economy functions. The Fed is, like so many here on GLP like to point out, a PRIVATE consortium of banks. The Fed is NOT a branch of government, and the U.S. public does not OWN the Fed, again...it is PRIVATE. Kapeesh!? That $16t is not public debt, idiots. The Fed doesn't want to be audited because it is a business, and because of public stupidity, it's books are shit...a load of liabilities and a lot of worthless collateral. Do they like it like that? Hell no, they don't. Know what would have happened if the Fed had not bought up all that worthless collateral (mortgages)? Many of us would be eating tree bark and worms. In case it isn't obvious, the global economic structure collapsed in 2007, and the only thing that has allowed us to continue enjoying a civilized life has been your much hated Fed. Also, the Fed does not 'print' money, they loan...the Treasury prints. How did the Fed get all this cash to loan to foreign and domestic banks? Because we Americans were living far beyond our means, saving nothing, and when the cards came tumbling down, the Fed was the only possible purchaser of all those crap loans. In other words, that $16t is backed by garbage. You want to champion Ron Paul and his audit parade? Fine, he's a good man. But, does he honestly know what is going on in in global financial markets? No, he does not; a return to the gold standard means an instant 20-25% devaluation of the cash in circulation. Think that would help employment? Want to end the Federal Reserve System? Okay, then enjoy as those trillions come back to the U.S., and we make Weimar hyperinflation look like a success story. Oh, and don't bother giving me your booklist (Pound, Griffin, etc.), I've read them all. It is what it is...just save what you can.

"I believe that banking institutions are more dangerous to our liberties than standing armies . . . If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered . . . The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." — Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill (1809)

I'm an American and I can say with pride that $0 of this debt is mine.

YOu haven't quite got what is going on.

These elites are stealing trillions from all of us and were the ones that are supposed to pay it back.

The debt shouldn't be real. Its all a set up con by the banksters. But the amount stolen and put on the backs of citizens is real.

This

I am beyond pissed!

You're confusing the Federal Reserve with the federal government. We - the people of the United States - OWE the Fed more than we do China.

Who the Fed loans money to has nothing to do with the deficit, unless you're talking the money WE owe them.

Get your facts straight.

You are quite possibly the dumbest poster on this forum. I truly wonder how your brain could possibly come up with the idiotic notion that Bush and Obama are actually responsible for what the Federal Reserve does.

And you also believe the Libertarian Party isn't completely captured and controlled by the same international banking and corporate interests that control the GOP and DNC? What a fucking coincidence that the Libertarian Party's presidential nominee isn't calling for the arrest of any bankers and claims that no crimes have been committed by the banks and the federal reserver.

Just get off the internet, please.

This^^^^^^^^^^^^^^

So tell me why the Richest bastards who can just print money for themselves(reality) just say fuck all this debt by all these banks and just wipe it clean? It's not like they are going to feel an ounce of it.

Right , hence if you can make a perfect copy of the money ( the serial number scheme doesn't matter ) , than you should have Legal Tender since it's identical to the original including being Fiat money !

When will WalMart start seling those money presses ( made in China ) and solve our money problem/credit ??

You're actually quoting some yahoo on youtube as proof?

And page 131 of that pdf says nothing to support what you're saying.

I want to believe this is a scam, just like you do. But the argument has to hold water. And right now, I see a leaky sive.

Again I ask, where is the proof of the interest rate charged?

waco texas was a us government massacre of its best citizens

I don't like the Fed any more than you do, I think it's assets should be seized and handed over to the US Treasury and it should be closed, but that doesn't change the facts that the Fed's Books don't show any $16 Trillion in outstanding Credits?

Why would you wish debts that do not exist?

The Fed is a private Bank, whatever it loaned, the US Tax payer is not on the hook for, tho it did put the US Dollar at risk, if the Fed went under, if the loans where not repaid.

But go ahead and ignore published facts, like the Fed is keeping a set of "Secret Book" that your "$16 Trillion" in Mythical Outstanding Loans must be on.

Because it's leveraged through CDO's, CDS and is on the balance sheets of most institutions as accounts recievable.

The Federal Reserve was given a 100 year charter which should be just about up. Does anyone know if it has been renewed?

INDUSTRIAL MECHANIZATION HAS REDUCED LABOUR TO THE POINT

WHERE LABOUR EMPLOYMENT = VIRTUALLY ZERO

THEREFOR THE ONLY WAY TO INTRODUCE CASH IN A

LABOURLESS MECHANIZED ECONOMY



IS TO PRINT IT !!!!!!!!

Show me where in the Federal Reserve Act that the Fed was limited to 100 years?

It's a myth.

Makes sense to me too. This whole thing is like postulating a monster then getting all scared about fighting the monster. It's imaginary, but people talk like it is real.

If it has/will be, it'll be under cover of darkness at Jekyll Island..

cough, bernake has said its 0% interest. Just check how much dolman sachs and jp morgan borrow at.

Sorry haven't read throught the whole thread.

Uh, I'm pretty sure that we (or the Fed Reserve) loaned it out at less than 1% interest. That is practically no interest! I would like a loan at less than 1%! I could make some inroads into my debt!

Explore Sen Sanders website farther and you just might find that, not only did we loan it out at practically 0% interest, we borrowed it back at 3 or 4 %!

I just can't help staring at Wachovia name on the list. I lost several thousand dollars when their stock went kerplunk in 2008. Uh, no, I can't afford to lose that kind of mula! I'm just an average Joe!

This. Now if the "news anchors" do their job the rest of the sheep will know.

I'll be interested to see their reaction.

Wondering if there will actually be one.