Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
author: Govt. Accounting Office, V.K. Durham CEO Durham TRUST
IF this does not tick you off; NOTHING WILL! I can't believe Americans would
sit on their dead ends and be intentionally distracted by everyone pushing A RACE WAR to cover up this BLATANT, NOTORIOUS "DECEPTIVE MONEY LAUNDERING AND TERRORISM BY THE FED. R.! and COHORTS! [VKD] =========================================================================================================== |
 by V.K. Durham, CEO Durham (Intl. Ltd;) Holding Trust. Tias 12087 Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts JULY 30t, 2013 reveals what happens when the Fed denies access to its Financial Books since the August 4, 1993 Audit was "denied." 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) 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 Senator Sander's Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 http://www.unelected.org GAO United States General Accounting Office August 4, 1993 Testimony Before the Committee on Governmental Affairs United States Senate FINANCIAL MANAGEMENT First Financial Audits of IRS and Customs Revealed Serious Problems Statement of Charles A. Bowsher Comptroller General of the United States (Posted 9.2.04) http://www.theantechamber.net/UsHistDoc/IrsAudit93/Irs8493AuditIndex.html |
