Audit of the Federal Reserve Reveals $16 Trillion 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. 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........

Continue: http://www.sott.net/articles/show/250592-Audit-of-the-Federal-Reser...

Views: 1110

Replies to This Discussion

Thank God we are only talking trillions here :)

(wiping sweat from brow) :)

whats a few tril amongst friends?

RSS

"Destroying the New World Order"

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

TOP CONTENT THIS WEEK

Latest Activity

JoeG favorited Diana's photo
17 seconds ago
JoeG favorited Diana's photo
31 seconds ago
JoeG favorited Diana's photo
1 minute ago
JoeG favorited Diana's photo
3 minutes ago
JoeG favorited Diana's photo
3 minutes ago
JoeG favorited Diana's photo
3 minutes ago
Citizen Quasar commented on Boris's video
Thumbnail

Pence announces Turkish ceasefire in Syria

"Why is the U.S. military even  in the Middle East?"
10 minutes ago
James T. Kirk posted videos
26 minutes ago
Maas's 2 photos were featured
1 hour ago
Chris of the family Masters posted a status
""The only way to keep your health is to eat what you don't want, drink what you don't like, and do what you'd rather not." --Mark Twain"
1 hour ago
steve's blog post was featured

Good or evil--War against GOD(good) has been declared

 A couple vids to make the GOOD folks aware of the evil sickness that seems to be rapidly…See More
1 hour ago
James T. Kirk's 2 blog posts were featured
1 hour ago
Boris posted a status
"all my 12160 emails found in spam folder - they hate us HA!"
1 hour ago
Boris posted a video

Pence announces Turkish ceasefire in Syria

Vice President Mike Pence and Secretary of State Mike Pompeo hold a joint press conference in Ankara, Turkey. This comes after the Vice President's meetings ...
1 hour ago
Boris commented on Boris's page VP Pence and Sec. Pompeo secure cease-fire agreement in Syria after meeting with Turkish president
"“Great news out of Turkey. News conference with @VP and @SecPompeo. Thank you to…"
2 hours ago
Mrs. Tif Morgan posted discussions
2 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted