Federal Reserve LOOTED $16 TRILLION

Sovereign Network News

First ever GAO audit reveals the privately-owned Federal Reserve secretly LOOTED $16 TRILLION out of YOUR U.S. Treasury


Senator Sander’s report:

Wall Street has been preparing for a doomsday scenario debt cash treasuries, and well they should for the Audit of the Federal Reserve reveals $16T in Secret Bailouts.The first ever GAO (Government Accountability Office) 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, with Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit. (The first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage on July 21st.)$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland between December 2007 and June 2010 and virtually none of the money has been returned and it was loaned out at 0% interest.

Remember that GDP of the United States is only $14.12 trillion, and the entire national debt of the United States government spanning its 200+ year history is “only” $14.5 trillion. Are you and your fellow Americans swelled with anger and outrage at the abysmal state of affairs by an unelected group of bankers who 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 can be stopped with five dollars worth of bullets.

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 (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://www.scribd.com/doc/60553686/GAO-Fed-Investigation
Source: http://www.gao.gov/products/GAO-11-696
FULL PDF on GAO server http://www.gao.gov/new.items/d11696.pdf
http://www.nytaskforce.us/page.php?12

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