Friday
Aug242012
There Are No Words To Describe The Following Part II
WHO IS KEEPING TRACK OF THE TRILLIONS?
Alan Grayson questions the Inspector General of the Federal Reserve - 05/09/10
Circulate Far and Wide.
Our only hope to stop the heist will come from greater awareness.
---
WHO IS KEEPING TRACK OF THE TRILLIONS?
If you're in a hurry, start watching at the 3-minute mark. At issue is the accounting and oversight for $9 trillion in secret Fed bailouts of Wall Street banks, for which taxpayers are ultimately responsible to the tune of $32,000 for every man, woman and child in this country. Fed audit, anyone?
Aug 24, 2012 at 3:44 PM
Reader Comments (677)
The true answer is in Samuel...
Baruch BeShem Adonai Yeshua.
Mr. Bush bashing is not going stop any time soon. He is a badly misunderstood president. A friend & neighbour from North of the border, I got my fair amount of bashing and insults for defending him and owe no apologies to anyone for continuing to do so.
Thank you, great videos and forum. I will forward your link to friends and families.
The 1999 Gramm-Leach-Bliley Act broke down barriers between banks, securities firms, mortgage lenders and insurance companies. That deregulation repealed Great Depression-era bank regulations with the approval of former president Bill Clinton. This can be foune at:::
http://www.bizjournals.com/phoenix/stories/2008/09/15/daily81.html
Fortunately the US Supreme Court called shenanigans on Roosevelt and declared NIRA and its administration unconstitutional. FDR shifted to Plan B with a huge crop of new government agencies to do the job piecemeal. Most of them are still around, even though they've changed names a time or two.
FDR loved the commies. He sent the outspoken communist Joe Kennedy (Ted Kennedy's father) to England as an ambassador and they sent him right back 'cause all he'd go on about was how much better off the English would be if they'd just copy Stalin's way.
No questions.
That's true... and Bush wouldn't dare try and stop it.
As usual, the Democrats (Barney Frank especially) would call Bush a racist who hates black people who are 'helped' by these loans. So, Repubs were too afraid to touch it. They had no spine, but I can understand why.
So... fear of being called a racist by Democrats stopped any reform of the mortgage market which was started by Democrats.
And yet, some fools still blame Bush for this. LOL!
Like this recession? Blame Barney Frank, Bill Clinton and those who use race to keep this scam going.
That's great, it starts with an earthquake, birds and snakes, an aeroplane -
Lenny Bruce is not afraid. Eye of a hurricane, listen to yourself churn -
world serves its own needs, regardless of your own needs. Feed it up a knock,
speed, grunt no, strength no. Ladder structure clatter with fear of height,
down height. Wire in a fire, represent the seven games in a government for
hire and a combat site. Left her, wasn't coming in a hurry with the furies
breathing down your neck. Team by team reporters baffled, trump, tethered
crop. Look at that low plane! Fine then. Uh oh, overflow, population,
common group, but it'll do. Save yourself, serve yourself. World serves its
own needs, listen to your heart bleed. Tell me with the rapture and the
reverent in the right - right. You vitriolic, patriotic, slam, fight, bright
light, feeling pretty psyched.
It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine.
Six o'clock - TV hour. Don't get caught in foreign tower. Slash and burn,
return, listen to yourself churn. Lock him in uniform and book burning,
blood letting. Every motive escalate. Automotive incinerate. Light a candle,
light a motive. Step down, step down. Watch a heel crush, crush. Uh oh,
this means no fear - cavalier. Renegade and steer clear! A tournament,
a tournament, a tournament of lies. Offer me solutions, offer me alternatives
and I decline.
It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine.
The other night I tripped a nice continental drift divide. Mount St. Edelite.
Leonard Bernstein. Leonid Breshnev, Lenny Bruce and Lester Bangs.
Birthday party, cheesecake, jelly bean, boom! You symbiotic, patriotic,
slam, but neck, right? Right.
It's the end of the world as we know it.
It's the end of the world as we know it.
It's the end of the world as we know it and I feel fine...fine...
Some have suggested revolution. Maybe that's the only way out, but I would ask you to consider carefully whom you wish to target. It ain't that easy; civil war never is.
WE THE PEOPLE have a RIGHT and a DUTY to SEE proof. Since there are questions (and DO NOT post some lame ass link to BHO's sites that support him - specifically the ones owned by Annenburg) regarding his TRUE nationality and IF he is a LEGAL US citizen, than he has the DUTY to provide it. The simplicity of what it takes to prove it and make it ALL go away is what would be his downfall, therefore, he does not.
I - as an American - am disgusted by YOUR behavior and tactics to tell ANYONE that they do NOT have a right to know WHO he is. His background is NOT sterile .. and quite the opposite. His 'acquaintances' - yanno, the people that he HANGS OUT WITH? - are all crooks, in some shape or fashion. His relationship with ACORN is proof of his lack of morality. His ethics are seriously lacking. The proof is ALL out there, on many videos of HIM actually saying that he is BRINGING ACORN WITH HIM TO THE WHITE HOUSE - for 'all of their help and support on his run to the WH' - go look it up in YouTube. His lies back and forth about his relationship are more proof he KNOWS they are crooked, after all, he trained them. Was an atty for them, suing Citibank on ACORNS behalf for ONE example to FORCE banks to GIVE LOANS TO POOR PEOPLE WHO COULD NOT AFFORD THEM. Do not talk about BHO as if he is some great person. He is a disgrace to all that made this country great and he laughs at our founding fathers. But why wouldnt he? they are HIS founding fathers, being a british subject as he is.
What we NEED is an INDEPENDENT audit of the Fed by someone who knows what-the-hell they are doing. Hell I would be happy if (democrat) Rep Grayson did it!
http://www.federalreserve.gov/oig/
If you honestly believe this is not her job, you deserve to be beaten along with Elizabeth Coleman and every other government official stealing straight out of the hands of American citizens.
Your comment made me laugh only because I too have a warped sense of humor. The amount of corruption we are dealing with at this point is unbelievable. No one knows what the hell their doing and frankly don't care! How can these people even live with themselves? Only completely GODLESS politicians could do this to our country. I am afraid for our future youth that they will be so entrapped by this debt. And. I did not vote for this corrupt man and his "Motley Crew"! Not that the prior adminstration was so perfect. Still, what Obama and Congress is doing with Health care, Cap and Trade WILL RUIN OUR COUNTY AS WE KNOW IT! Ask the English what happened to their country when they did this. They are taxed like crazy for everything, even owning a tv. It is all about government control. Where are the jobs people? There will be no jobs created other than government jobs. WATCH AND SEE! Do you really think our president gives a crud about you and your healthcare? Please. It is all about votes and his plan for a New World Order. Watch him cozy up with Russia, Crazy Chavez, Mr. Crazy Iran. Oh yeah, he'll have his little pen and notebook in case there is something he's missed. In Peru the government took over starting with healthcare and then the people started to speak out. One by one her relatives started dissapearing. She said to me she hears Obama using that same language that their government used on them. Wake up people. Why do you think people are speaking out!
This is pretty clear - the FED needs to be audited by someone!!!!!!!!
I'm with Sonic Ninja Kitty.....what the (*&^^$$@%%&*^&+(*_(**(^^$# is going on
This a a tempest in a teapot. You people should be GLAD the fed did what they did, Had they not the entire world financial system would have collapsed. OH YES, the Letters of Credit were not being issued by banks all around the world. That means NO SHIPPING, which means NO TRADE which means NO GROCERIES, NO FUEL, NO JOBS for anyone anywhere in the world. We would have had an apocolyptic upheaval bigger than anything in human history and civilization would have been set back to the Iron age. Before you get all in a hissy fit, realise what we were looking at in September 2008. You are still eating, you should be glad. If you really want to be mad at somebody be mad at the bankers who are STILL writing CDOs and CDSs to the tune of ONE QUADRILLION DOLLARS still lurking out there to put the world in a collapse situation AGAIN. Check out the Bank of International Selltements (in Basel Switzerland) website if you dont believe me.
********************
You are half-right...the second half...the first part of your thesis is sheer nonsense...
Fear mongering about calamity doesn't work around here...we are not susceptible...go peddle your nonsense elsewhere...
This was and remains the greatest heist in the history of the world...and statements like yours only help to perpetuate the nonsense...
MEANWHILE WE MUST GET THE BALL ROLLING BY SUPPORTING RON PAUL'S BILL HR 1207. FEDERAL RESERVE TRANSPARENCY ACT.
WWll Veteran Tom Flournoy
http://video.google.com/videoplay?docid=6076118677860424204&ei=hCvISvWtDoGKqAOhn9WVBg&q=money+masters&hl=en#
http://video.google.com/videoplay?docid=6076118677860424204&ei=hCvISvWtDoGKqAOhn9WVBg&q=money+masters&hl=en#docid=-7336845760512239683
I do realize that this venue is a great place to "Dis" others and their acts, and that it is an appropriate place to vent. I get that. I am really making my comment to the times when we are talking to people directly, trying to persuade them to think about our view. When we are always "Dissing" we get into the habit of it, then we may be unable to speak well, armed with facts when the time really counts.
Because the older gentleman was frightened about what Obama and congress are doing, does not make him a racist. He is expressing his fear for our country's future, not making a comment about the color of the president's skin. There is a HUGE difference. Many are afraid to speak ill of Obama because others may call them raciists. I really believe all of our difficulties today are not because of Obama's skin anymore than his shoe size. Daily, in these conversations we have in public, bad names are used out of understandable frustration, but doing so reduces what we say to elementary/speak. (My apologies to all school kids). We must become more articulate and grown up about how we attempt to spread our message. Using "bad words" in public only confirms what people on the left want to think of us - that we are just full of c. and know nothing. Yes, almost everyone uses bad language on both sides, of course this is true. But the stronger side of any fight usually becomes the more confident and dignified.
If we all spoke with confidence and dignity when discussing other points of view, we stand taller, and sound more adult. Usually, this kind of presentation is quietly observed as being the Better Side. Swear all you need at your good buddies to let off the steam, but present yourself as knowledgeable and purposeful rather than as a whinning, cussing know-nothing. It is much more effective. We do not need to preach to each other as much as we need to preach to the left. However, they may not listen because of HOW we say our piece.
Use of articulate language is very powerful. Look where it got Obama.
No Bad Talk
I accept praisetiques not critiques
Any response is appreciated if one uses facts-numbers.
Blarney Blabber generalizations are not read.
“Conservative” ideology gave us the current “Great” Recession the same as the “Great” Depression.
Free the Freak Market Gamblers. Bet on anything.
Rich gets ultra rich trickles down to Middle Class.
From 1946 to Reagan was Great Middle Class Years.
Each percentile increased almost evenly, percent, and economists called it the Picket Fence distribution.
Reagan policies began upward shift.
It became a Step Ladder distribution. Each step gained a little but top step (10%) went into orbit.
Huge Tax Cuts for top (60%)
Huge tax increase on Middle Class. Payroll Tax Increase largest in history. 50% tax on social security checks. 5-cent tax on gas.
Enormous increase in military spending to enrich backers in California and rich shareholders in defense industries
Reagan increased Spending buy 80%. Debt by 170%
Do not try usual conservative spin—“it was congress”.
Reagan 8 budgets spent more than prior 50 years.
He submitted 8 for over 7000b. 1930-1980 spent 6066b—congress returned 8 budgets to Reagan with fewer dollars in total than he had submitted to it.
Go ahead try usual conservative spin—“real” inflation adjusted dollars—no work senor—
From 1948 to 1989 Reagan spent 2.7 dollars in 8 for each “real” dollar spent in other 32 years. Comprehendez amigo? Factoids hurt? Si!
Try usual Heritage spin—Reagan tax cuts paid their way—huh! From 1983 to 1989 federal revenues increased from 599b to 990b. 391b increase. Correct. But-Reagan tax cuts were income tax cuts therefore it seems logical you measure income tax revenue increase.
319b increase. 201b was increase in payroll tax revenue from Reagan huge increase in it.
50b in excise tax increase partial from gas tax. 251b of 391b. Durn! That leaves 140b increase in income tax revenues. My math professor Dr. Hook taught me 140 “in” is smaller than 750 “out”. Factoids are miserable things.
In 1980--86% of employees had Health Insurance-In 2008---31%.
Bush/Cheney did more damage than Reagan.
Increased Spending by 118% and Debt by 100%
Cut Taxes for top 2.7% or four times the amount for bottom 80%.
His 1700B in tax cuts were in 5000b he borrowed
Bush/Cheney led us into two awful Slaughteramas. Hundreds of thousands were killed. Tens of thousands of little children were maimed for life. Tens of thousands of wives lost their meal tickets. What is wrong with Americans?
Ever know a so-called Christian pastor or congregation in America to pray and weep for those people? I WEEP. Millions of tears shed, justly, for the Holocaust. None here.
Bush had worst record since Depression on Job creation. He got 3000 net new jobs per month. Disgusting when compared to records of 218,000 by Carter and 237,000 by Clinton.
The world warned not to invade a destitute unarmed Iraq.
Bush sr. said do not do it.
Leadership of each major religion in America said do not do it. Exception was Southern Baptist.
Polls in major nations said do not do it. Exceptions were Israel-Poland-Australia.
Cheney was heard to tell Rumsfeld the day after 2001 inauguration “prepare to invade Iraq”. Equipment was moved into Kuwait far ahead of Bush “Cheerful” announcement on invasion. It was Bush fulfilling his statement to his biographer ”I will need a war to be a successful president”.
Wall Street was allowed unrestricted gambling. It was unproductive. No jobs were created. It was simply the Rich betting money against other Rich money to get richer. Las Vegas type gambling.
AIG covered any bet. Texas gambler bet on Housing crash and won 1 billion. AIG paid him out of 185B supplied by our taxes. Goldman Sachs loss was paid by AIG out of our taxes.
The Housing Industry sustained our GDP growth but wasted capital-labor-materials in constructing homes to large-too expensive for the middle class incomes. Federal Reserve increased the Total money supply by 4000 Billion in five years which was twice the increase over the prior ten years.
Greenspan gave Clinton a 6.5% Interest Rate and immediately gave Bush a 1%. The increase in money supply and very low interest rate encouraged banks to borrow max and encouraged developers to build build build.
Local Banks were permitted to trade with Wall Street Gamblers. Courtesy Phil Gramn, Republican Congress and Clinton. 1999 elimination of Glass-Steagall.
Shades of S & L in 1981. Remove local ownership. Rich pals of Milken come and get it vaults are wide open. Government assures you no loss.
A feeding frenzy took place on home mortgages, which were sold via securities as high grade investments to unsuspecting investors around the world. Refinancing was a major part of the frenzy. Speculators took part. As of January 2008 twenty-three percent of foreclosures were on homes purchased by Speculators. Some purchased entire developments.
Assumption was correct from history. Homes always increase in value. Always.
History can be wrong..
From 1980 to 2008 was a disaster period for working people. A bonanza for Gamblers on Wall Street And CEOs.
Why did not CEO’s increase income of employees? In one year they made 550 times the average pay of workers. Remember the good old middle class years when it was 40 times? It is irrefutable that 1981 to 2008 was Enrich the Rich Ditch the rest.
SINCE 1980 HERE IS A BRIEF-DISGUSTING
20 YEARS=3 SO CALLED CONSERVATIVE PRESIDENTS
18 YEARS=SO CALLED CONSERVATIVE SENATE
12 YEARS=SO CALLED CONSERVATIVE HOUSE
6 YEARS=TOTAL GOVERNMENT CONTROL BY SO CALLED CONSERVATIVES
2 TERRIBLE ILLEGAL WARS
TRANSFER OF JOBS TO CHINA AS WE COVERED OUR OVER-SPENDING BY THEIR LOANS
LOSS OF OUR JOB PRODUCING MANUFACTURING BASE--
HERE ARE THE RESULTS--SAD
600B SPENDING TO 4000B
1000B OF DEBT TO 11,000 +
23M NET NEW JOBS
12 YEARS OF CARTER + CLINTON GOT 33M
8 YEARS OF THE MOST SCURRILOUS ADMINISTRATION IN HISTORY PER HAYNES JOHNSON IN --PRESIDENT REAGAN=SLEEPWALKING THROUGH HISTORY
138 CHARGED WITH CRIMES WAS MORE THAN GRAND TOTAL SINCE 1900
MOST OF THEM WERE CHARGED IN CRIMES INVOLVING MONEY.
THE NUMBERS ARE AVAILABLE. THE HISTORY IS VERY CLEAR.
THE GREAT MIDDLE CLASS GOT THE GREAT BIG SHAFTING.
THE STRUGGLING RICH BECAME THE ULTRA-RICH
SMASHED WALL STREET
SMASHED ECONOMY
SMASHED HOUSING
SMASHED CHILDRENS FUTURE WITH DEBT
SMASHED WORKERS INCOME
SMASHED AMERICAS REPUTATION WORLDWIDE
STARTED THE DECLINE OF THE AMERICAN EMPIRE LIKE ROME-SPAIN-HOLLAND-BRITAIN
DEMOCRATS HISTORY OF BUILDING GOOD THINGS FOR ALL AMERICANS
CONSERVATIVE HISTORY OF FIGHTING THOSE GOOD THINGS
WHY DO YOU SEND CONSERVATIVES BACK TO WASHINGTON?
I AM OLD AND UGLY AND I APPROVED THIS MESSAGE OF DELIVERANCE
FROM CONSERVATIVE FALSEHOODS
I ASK ONLY IF I AM WRONG GIVE ME FACTS AND I WILL CORRECT.
I ERR BUT I DO NOT WRITE WITH INTENT TO DECEIVE
8-26-09 USA TODAY—CBO AND CEA PROJECT DEFICITS OF 9 TRILLION OVER NEXT TEN YEARS. REPUBLICANS, PER USUAL, JUMP ON OBAMA CASE.
REP. BOEHNER “TODAY’S REPORTS CONFIRM WHAT THE WHITE HOUSE HAS BEEN TRYING TO HIDE.
THE DEMOCRATS OUT-OF–CONTROL SPENDING BINGE IS BURYING OUR CHILDREN AND GRANDCHILDREN UNDER A MOUNTAIN OF UNSUSTAINABLE DEBT”.
This is so stupid it is a good laugh. He took us on a Spend-Borrow binge from 1000B of debt to 11,000B. He took us on a spend binge from 600B to 4000B.
These guys have one simple trait—deceive—distract from truth—attack attack
Yes! No question. It is going to take much Spend-Tax-Borrow for years to correct the mess created in prior twenty years of conservative control.
How easy the people forget the Balanced Budgets=Surpluses under Clinton and 8 good years.
WOW—8 YEARS=5000B + INCREASE IN DEBT UNDER BOEHNER-BUSH
1830B IN CLINTON LAST YEAR OF SPENDING TO 4000B UNDER BUSH LAST YEAR OF SPENDING
SPENDERS + DEBTORS + LIARS = CONSERVATIVES
ONE MAJOR TRUTH—IF A CONSERVATIVE LEADER SAYS IT --IT IS PART TRUE.
NEVER TRUST A CONSERVATIVE IN WASHINGTON. NEVER. NEVER. NEVER.
If I err give me facts I will correct. cswinney2@triad.rr.com
Political historian since 1991 on Reagan-Clinton-Bush II
Author=-Lifeaholic-Workaholic to Lifeaholic Success
Author-unpublished---ALL AMERICAN PARTY-How Democrats created a Great Middle Class and Conservatives are determined to destroy it
Then Obama comes in and inherits that shithole. He at least has done some things in terms of accountbility, like pointing out the huge bonuses and vacations these CEO's and their staffs have been taking with our taxpayer money. But yes, plenty more needs to be done. It is a mess.
How selective a memory a person must have to imply that this was Obama's baby. The bailout started under the Bush administration, as the gentleman mentioned several times "since last September (2008)". None of this would even have been necessary had not the Republicans made legal extremely shady, and at best, unwise, lending and investing practices.
She states to the congressman that a review is happening to determing facts.. The congressman asks if any investigation has been done, which it is a totally different thing. She cannot get it that a review is not an investigation. Her feet are so deep in her on shit that she has failed to detect FIRST that balance sheets were worse than a 18 year old party-boy checkbook. Where are all the incopentents that have made her also fail?
Somebody wrote about this article, it's not a big thing to lose $10 trillion but it is a big deal if someone smokes a joint. In a country where most of our liberties have been jeopardize by Islamic extremists, corrupt politicians, anti-western sentiment organizations, and a socialist tainted government, we are focusing on small pictures rather than what is affecting us as a nation.
Does anybody remember any president that gets involved in petty things such as Obama getting involved with a dispute between a white cop and a black citizen? Does anybody recalls any president that orders the US Postal Office to produce a stamp in memories of Muslim people? Only in America! the very top leader of the nation has no control of his own department leaders, and the Inspector General shall be one of the most important and critical office to be on top.
We are the ones to blame. We choose Obama. This Muslim socialist must go. The Inspector General must also go. Unfortunately, we will still getting slammed with this $10 trillion that nobody responds or knows where the money went.
This is such a tangled web of lies, cover-ups, falsehoods and back room atta girl/boy back slapping
we will never get to the bottom of it.
quickly loosing hope for this country...