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. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the right), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.
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 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
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Want to know where $15 trillion of it went? Ask Lord James of Blackheath. He announced it in the UK House of Lords in Feb 2012…but there’s a ‘D’ notice on this info.
You can find his speech on youtube, Watch it! Spread the word. This is probably the most important story of the last 50 years and few are aware of it…YET.
A good starting place for you:-
http://tdarkcabal.blogspot.co.uk/2012/02/february-27-2012-white-hats-report-37.html
This is the comment intended here.
These are some of the facts which are so shrewdly hidden that the mere ability comprehend what they truly entail is beyond most Americans. The list is fairly long, but it is worth the read.
1. The IRS is not a U.S. Government Agency. It is an Agency of the IMF. (Diversified Metal pProducts v. IRS et al. CV-93-405E-EJE U.S.D.I. Public Law 94-564, Senate Repoert 94-11-48 pf.5967, Reorganization Plan.
2. The IMF is an Agency of the UN. (Blacks Law Dictionary 6th Ed. pg. 816)
3. The U.S. has not had a treasury since 1921.
4. The U,S. Treasury is now the IMF. rResidential Documents Volume 29-No. 4 pf.113,22 U.S.C. 285-288)
5. The United States does not have any employees. because there is no longer a United States. No more reorganizationsl. After 200 years of operating under bankruptcy its finally over.
Do not personate one of the creditors or share holders or you will go to Prison. 18 U.S.C. 914
6. The FCC, CIA, FBI, NASA and all of the alphabet gangs were never part of the United states government. Even though the United States Government held shares, of stock in the various Agencies.
7. All Social Security Numbers are issued by the IMF. The Application for Social Security Number is the sss for. The Department of the TReasury (IMF) issues the sss not the Social Security Administration. The new SSS forms do not state who or what publishes them, the earlier SSS forms state that they are Department of the Treasury forms. You cn get a copy of the SSS you filled out by sending form SSA-L996 to the SS Admin. (20 CFR chapter 111, subpart B 422.103 (b) (2) (2) Read the cites above.
8 There are no Judicial Courts in America and there has not been since 1789. Judges do not enforce Statutes and Codes. Executive Administrators enforce Statutes and Codes
9. There has not been a judge in America since 1789. There have just been Administrators.
10 According to GATT you must have a Social Security number. House Report (103-826)
11. We have one World Government, One World Law, and a One World Monetary System.
12. The UN is a One World Super Government.
13. No one on this planet has ever been free. This planet is a Slave Colony. There has always been a One World Government. It is just that now it is much better organized and has changed it’s name as of 1945 to the United Nations.
14. New York City is defined in the Federal Regulations as the United Nations. Rudolph Gulliani stated on C-SPAN that “new York City was the capital of the World” and he was correct. (20 CFR chapter 111, subpart B
15 Social Security is not insuranc or a contract, nor is there a Trust Fund.
16. Your Social Security check comes directly from the IMF which is an agency of the UN.
17. You own no property, slaves can’t own property. Read the Deed to the property that you think is yours. You are listed as a Tenant. ( Senate Document 43, 73 Congress lst Session)
18 The most Powerful Court in America in not the United States Supreme Court. but the Supreme Court of Pennsylvania. (42 Pa. C.S.A. 502)
19. The REvolutionary War was a fraud.
20. The King of England financially backed both sides of the Revolutionary War. (Treaty at Veraaillies July 16, 1782. Treaty of Peace 8 Stat 80)
21. You can not use Constitutional Law to defend yourself because you are not a party to it.22.22. America is a British Colony. (THE UNITED STATES IS A CORPORATION, NOT A LAND MASS AND IT EXISTED BEFORE THE REVOLUTIONARY WAR AND THE BRITISH TROOPS DID NOT LEAVE UNTIL 1796)
23. Britian is owned by the Vatican.
24. The Pope can abolish any law in the United States. (Elements of Ecclesiastical Law Vol.1 53-54)
25. A 1040 form is to pay tribute to Britian.
26. The Pope claims to own the entire planet through the laws of conquest and discovery. (Papal Bulls if 1455 and 1493)
27. The Pope has ordered the genocide and enslavement of of millions of people.
28. The Pope’s laws are obligatory to everyone.
29. We are slaves and own absolutaly nothing not even what we think are our children. (Tillman v. Roberts 108 So. 62, Van Koten v. Van Koten 154 N.E. 146, Senate Document 43 & 73rd Congress 1st Session, Wynehammer v. People 13 N.Y. REP 378, 481)
30 Military Dioctator George Washington divided the States ((Estates) into Districts. (Messages and Papers of the Presidens vo1, pg 99. Websters 1828 dictionary for definition of Estate.)
31. “The People” does not include you and me. (Barron v. Mayor & City Council of Baltimore. 32 U.S. 243)
32 The UNited States Government was not founded upon Christianity. (Treaty of Tripoli 8 Stat 154)
33. It is not the duty of the police to protect you. Their job is to protect the Corporation and arrest code breakers.
34. Everything in the United States is for sale: roads, bridges, hospitals, lakes, schools, water, prisons, airports etc.
35. We are human capital. (Executive Order 13037)
36. The Un has financed the operations of the United States for over 50 years.
37. The good news is we don’t have to fulfill “our” fictious obligations. You can discharge a fictious obligation with another’s fictious obligation.
38. Thdepression and Wprld War II was a complete farce. Those who call themselves Kings, Priome ministers, and fuher etc could sit back and play a game of chess using real people.
39. The United States did not declair independance from Britian or King George.
Guess who owns the UN.
40.
Caveat Redemptor. Look it up.
Congress, with no authority to do so, created a separate form of government for the District of Columbia, a ten-mile square parcel of land. WHY and HOW did they do so? First, Lisa Guliani of Babel Magazine, reminds us that the Civil War was, in fact, “little more than a calculated front with fancy footwork by backroom players.” Then she adds:
“It was also a strategic maneuver by British and European interests (international bankers) intent on gaining a stranglehold on the coffers of America. And, because Congress knew our country was in dire financial straits, certain members of Congress cut a deal with the international bankers (in those days, the Rothschilds of London were dipping their fingers into everyone’s pie). . . . . There you have the WHY, why members of Congress permitted the international bankers to gain further control of America. . . . . .
“Then, by passing the Act of 1871, Congress formed a corporation known as THE UNITED STATES. This corporation, owned by foreign interests, shoved the organic version of the Constitution aside by changing the word ‘for’ to ‘of’ in the title. Let me explain: the original Constitution drafted by the Founding Fathers read: ‘The Constitution for the united states of America.’ [note that neither the words 'united' nor 'states' began with capital letters] But the CONSTITUTION OF THE UNITED STATES OF AMERICA’ is a corporate constitution, which is absolutely NOT the same document you think it is. First of all, it ended all our rights of sovereignty [sui juris]. So you now have the HOW, how the international bankers got their hands on THE UNITED STATES OF AMERICA.”
“It doesn’t take a rocket scientist or a constitutional historian to figure out that the U.S. Government has NOT been subject to the consent of the governed since long before you or I were born. Rather, the governed are subject to the whim and greed of the corporation, which has stretched its tentacles beyond the ten-mile-square parcel of land known as the District of Columbia. In fact, it has invaded every state of the Republic. Mind you, the corporation has NO jurisdiction beyond the District of Columbia. You just think it does.
“You see, you are ‘presumed’ to know the law, which is very weird since We the People are taught NOTHING about the law in school. We memorize obscure facts and phrases here and there, like the Preamble, which says, ‘We the People. establish this Constitution for the United States of America.’ But our teachers only gloss over the Bill of Rights. Our schools (controlled by the corporate government) don’t delve into the Constitution at depth. After all, the corporation was established to indoctrinate and ‘dumb-down’ the masses, not to teach anything of value or importance.
“Certainly, no one mentioned that America was sold-out to foreign interests, that we were beneficiaries of the debt incurred by Congress, or that we were in debt to the international bankers. Yet, for generations, Americans have had the bulk of their earnings confiscated to pay a massive debt that they did not incur. There’s an endless stream of things the People aren’t told. And, now that you are being told, how do you feel about being made the recipient of a debt without your knowledge or consent?
“Congress is fully aware of this deception. So it’s time that you, too, become aware of the deception. What this great deception means is that the members of Congress do NOT work for us, for you and me. They work for the Corporation, for the UNITED STATES. No wonder we can’t get them to do anything on our behalf, or meet or demands, or answer our questions.
It’s said that the Fed created all that money out of thin air – but this is not true – the money comes from each and every tax payer’s pocket.