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: 1102

Replies to This Discussion

Thank God we are only talking trillions here :)

(wiping sweat from brow) :)

whats a few tril amongst friends?

RSS

Latest Activity

Diana favorited Sweettina2's video
4 minutes ago
Diana favorited Chris of the family Masters's photo
38 minutes ago
Diana favorited Chris of the family Masters's photo
39 minutes ago
Diana favorited rlionhearted_3's photo
40 minutes ago
Diana favorited rlionhearted_3's photo
41 minutes ago
Diana favorited rlionhearted_3's photo
41 minutes ago
Diana favorited rlionhearted_3's photo
42 minutes ago
James Roberts posted a blog post

My Early Published Work (Inventions That Increase Intelligence and Emotional Intelligence)

Reading all the bad news all the time gets tiresome, after a while. Have to solve problems at some point, not just report on how we're totally screwed. Take heart, though, there are those that are working on solutions to the big problems. Like…See More
48 minutes ago
dogitydog replied to Mrs. Tif Morgan's discussion EPA Thugs Destroy Vet Family Over Definition of Navigable Waters
"Another 3 letter agency created to protect and serve people doing the exact opposite The real purpose of our alphabet agencies: EPA - Destroy the environment and lives of property owners FDA - Block access to healthy foods and natural medicines CDC…"
1 hour ago
dogitydog favorited Less Prone's blog post Lamotte: Feminists "trying to report me for stopping sexual harasment of a 14-year-old girl"
1 hour ago
dogitydog favorited cheeki kea's video
1 hour ago
dogitydog commented on cheeki kea's video
Thumbnail

Baptist pastor beaten + tazed by Border patrol - 11 stitches

"There was no mention of any crime that he is being charged with and by his account there was no crime committed unless refusing to answer a question is a crime worthy of a beating, a night in jail and a scheduled court appearance. This is the…"
1 hour ago
Charles Cox favorited Tara jackson's blog post Ufo pdf
2 hours ago
Less Prone favorited Raz Putin's discussion NEO:"Glyphosate Worse Than We Could Imagine"
6 hours ago
Less Prone favorited Sweettina2's video
6 hours ago
Less Prone posted a blog post

Lamotte: Feminists "trying to report me for stopping sexual harasment of a 14-year-old girl"

This is Sweden today, what are these fake feminists?"Journalist Joakim Lamotte states that he has stopped a man who for a long time sexually harassed a 14-year-old girl. But Metoo feminists on social media are now trying to get Lamotte's police…See More
6 hours ago

Please remember this website is supported by your donations...

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2015 - all rights reserved. unless otherwise noted