Who Got Our $1,000,000,000,000?
The editorial from Grayson is a flashback to earlier this year, but the videos at the bottom of the story are timeless.
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By Alan Grayson
Last year, I asked the Vice Chairman of the Federal Reserve Board who received $1 trillion in funds that the Fed handed out to domestic banks and financial institutions.He said, essentially, "I'm not going to tell you." More recently, I asked the Chairman of the Fed who received the half trillion dollars - that's $500,000,000,000 - that the Fed handed over to foreign central banks. He said he didn't know. Half a trillion dollars, and he doesn't know!
Editor's note - Both of these videos are below...
That kind of ignorance and arrogance must end. We need to audit the Fed. And now we're closer than ever. The House passed our bill to conduct the first independent audit of the Fed in its 96-year history.
A bipartisan group of Senators is pushing for an amendment to audit the Fed. This amendment is similar to the legislation that we passed in the House last year. It's called the Federal Reserve Accountability Amendment. It will ensure that the American people know to whom the Fed is lending our money.
The amendment is simple. If it passes, the Fed finally will be audited. Regarding all those billions that the Fed hands out like party favors, we will find out who, what, when, where and how. (We already know "why" - the answer to that question is "Wall Street Greed.") But if this amendment fails, the Fed can continue to make hand out our money to whomever it wants, without telling Congress or the American People.
We think we can pass the Senate Amendment, with your help. The amendment is already cosponsored by progressive heroes like Bernie Sanders, Pat Leahy and Russ Feingold. And joining us in this strange-bedfellows coalition are John McCain, Jim DeMint, David Vitter and Sam Brownback. (We hesitate to use the terms "bedfellows" and "David Vitter" in the same sentence, but that would be changing the subject.)
With such bipartisan support, you'd think that passing this legislation would be a slam dunk. Wrong. Wall Street bankers and their lobbyists are twisting arms and pouring millions into the campaign coffers of politicians on both sides of the political divide, to keep their sweetheart Fed loans under wraps. It's time to counter their influence-peddling by making the Senate listen to the united voice of the American People. (That would be you.)
A vote on the amendment is imminent. Time is of the essence.
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Now check out these exchanges...
Video: Grayson questions Fed Vice Chair Donald Kohn
The Fed's balance sheet has expanded by $1.2 trillion since September 1. Where did the money go? Kohn wouldn't say.
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More detail on this clip is here...
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Nov 11, 2011 at 5:15 PM
Reader Comments (25)
I'm so cynical right now, I can't believe this even happened. But this is incredible news.
http://www.politico.com/news/stories/0510/36679.html
http://blog.cagle.com/2010/04/22/arizona-profiling-and-obama/
Explain how it's not costing us anything. Does that mean we are for-going the 20 % appreciation? If they pay us back in EURO's at a set price then we are in effect losing 20% from where we would have been if we did not do the trade.
Does the FED decide to give up our 20% appreciated U.S. Dollars? WHY?
Please Explain.
Now 1.85 trillion purchased-600 billion sold leaves 1.25 trillion bucks worth of crap the FED still holds, but don't forget, if that 600 billion they sold back to the banks was worth its face value and they sold it for less, then that is another 450 billion gone. I have to believe if the banks were willing to buy the securities then they had value. Please tell me I am figuring this wrong
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you may draw any conclusions you like...but i will offer you names of wall street thieves who are not jewish...starting with the biggest thief of them all...hank paulson...
henry paulson, vikram pandit, john thain, ken lewis, angelo mozillo, richard fuld, erin callan, joseph cassano of AIG, tim geithner, chuck prince, stan o'neil,...so that's 11 off the top of my head...
correct me, but i think you're asking whether the FED has taken a loss by selling $600 billion of the previously purchased mbs paper BACK to the banks...?...
i will look into it...payback of federal reserve foreign currency swaps are not my area of expertise...
not sure you have the story straight...
http://www.defense.gov/news/newsarticle.aspx?id=43927
Zakheim Seeks To Corral, Reconcile 'Lost' Spending
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he's an accountant who was asked to reconcile 648 different sets of books...
He was then appointed to be Undersecretary of Defense and Comptroller from 2001 to 2004 under the George W. Bush administration, and served in this capacity until April 2004. During his term as Comptroller, he was tasked to help track down the Pentagon's 2.6 trillion dollars ($2,600,000,000,000) worth of unaccounted transactions [2]. He initiated a number of processes that led to the reduction of that sum by two-thirds by the time of his departure. It has now been reduced by more than 90 per cent. [3]
He is currently a Vice President of Booz Allen Hamilton.
That Daily Bail tries to suggest that Wall Street isn't a rigged Jewish casino -- well, that just show that you're controlled opposition -- or simply another hive-think Jew.
Doesn't matter if you spike this post or not, there are enough of us out here who aren't drinking Kosher Koolaid so that it's sure that the Right Thing will finally be done when the Jews finish collapsing America.
The MSM may do its best to downplay the MASSIVE opposition that's been growing against the anti-human (remember "Human Rights?") policies in the TSA, Fed, the military, the eugenics-inspired medical establishment, etc. But the spin isn't working. The real economy is crumbling, our veterans sleep on the streets, our grandchildren face insurmountable debt, and the old "Trust me, I'm here to help you!" argument is unraveling. Remember that as people are becoming impoverished, the Kool-Aid has been wearing off faster than the corporatists were hoping. They don't have total surveillance, or their RFID cards, or an undisputed Codex Alimentarius, and the free money machine is beginning to break down under scrutiny as people begin to point at the REAL culprit causing instability in the world. And they will NOT be able to implement all of this without our complicity. Remember, they might think they have the power, but it is only the power we grant them. In the end, they rely on the cops to believe they're arresting "the right man," and the military to believe they're fighting a "just war," and the people to believe their leaders are "our guys."
Most people believe they are doing the right thing and will only do ill if they believe it's in the name of good. (evil in the name of good, how very Orwellian) Presented with evidence to the contrary, they will deny the information and attack the messenger, because how DARE you challenge their concept of morality? But when it becomes truly evident that they too will be left to be devoured by the sharks that run our fiat currency, they will be faced with the ultimate choice of becoming the evil they they thought they were fighting, or turning against it. After all, people who would fake an attack on their own citizens to gain yet more power would not hesitate to allow the police to absorb the wrath of the people, and would abandon the military overseas to fend for itself without a moment's hesitation.
And these are their willing (and often unwitting) allies. Imagine the utter contempt these folks have for the ordinary people OPPOSING this madness! Remember this, honest citizens within the police and military, that if you go along with this plan, you WILL be the ones blamed for it. Your masters will not shoulder the responsibility, and they WILL let the homeless and desperate people devour you like wild dogs even as you decimate their numbers in turn. Deaths on both sides merely furthers their goal of depopulation to make the world more accepting of the horrors it bears witness to. And don't think that because you stuck with them that they'll favor you when it comes time to cull the populace. They have no loyalties, no borders, and no shame.
Remember also, Our rapaciousness (and those of our controllers) worldwide is being revealed to the point of being undeniable, and it's causing more than mere "embarrassment." It's causing anger. It's causing their willing accomplices to question why they would aid an enemy that ultimately wishes them dead. And it's causing a whole lot of those on-board to jump ship before the storm, which will only lead to more revelations, and less complicity with the enemy within.
And that is a good thing.
Very astute of you to recognize that something is wrong at your early age.
To everyone,
Unfortunately this game has been repeated over and over again for thousands of years, nation to nation, they are built up and then destroyed by greed and avarice. People have tried and won freedom many times throughout history, only to immediately start selling themselves into bondage again. I would recommend starting with a little Plato linked below:
http://webspace.ship.edu/cgboer/platoscave.html
Education is the only way to stop repeating the cycles that we keep repeating over and over again. Each generation falsely believes that the problems in society are unique to their generation and have never been seen before. Unfortunately education is not taught anymore, as you said, they do not teach to critically think for yourselves anymore.
The answers you seek are out there, one only has to know where to begin. For some good reading material, check the comments here, I left some good books in the comments.
http://dailybail.com/home/warren-buffetts-600-million-interest-free-loan-from-taxpayer.html#comment10716233
The cycle can be broken, but the sheep must first awaken.
@ Ridiculousness,
Excellent comment.
@jerz...here's the answer...work to create awareness...it's all any of us can do...educate friends, peers, family...baby steps...but it's working...awarenesss of these issues has grown dramatically in the past few years...you can also start a website or help out websites that already exist...and you sound like you know the issues already...if you want to help me around here you are more than welcome...contact me thru the site contact button at the top of any page...thanks...
Jerz,
I think you are pointed in the right direction. The real game changer will be to get most of your generation headed the same way. The only way to stop the criminal corruption that that my generation and the previous ones have allowed to infest the government, the economy, Industry, Health, Law enforcement, and the use of our military forces will take action by informed citizens who are aware that, the most corrupt society on the planet has buried them in debt that they can never repay and robbed them of the heritage many of their forefathers sacrificed their lives for. The elite who are running the show don't give a damn ("if it's morally wrong & violates the constitution."). What they do give a damn about is wealth and power and they want it all! And they are making damn sure you and your children's generations are going to be stuck with the tab.
The whole electoral process needs to be reformed, public campaign financing and get rid of the lobbyist's would be a big gain for the people. Criminal activities in government and business need to be investigated and prosecuted instead of ignored or covered up as they are presently. The Federal Reserve needs audited, exposed and disbanded, it is a tool that only serves the elite special interests and since it inception has never served the American majority. Big Oil, the Wall Street Financial Industry, along with The Insurance, Healthcare and Pharmaceutical Industries are cesspools of corruption and need a Roto Rooter of legitimate regulation to clean them up.
Use every way possible to learn the truth from as many sources as you can access. Gather as much information as you can absorb. Inform your peers and spread it far and wide. Your generation and those that follow are going to have to clean up the mess. Most of my generation has their heads so far up their asses they can't see daylight, or they listen to Main Stream Media and believe the propaganda being spouted on the airwaves and TV. Ether way they're immobilized, ineffective and aren't going to do anything to change the status quo till they're starving in the streets.
It's up to you, GOOD LUCK!
I agree with Gomp and DB, Great comment
Particularly on cifwatch, they actually libeled me at one point because I dared to point out that killing people was bad in their "CiFWatch Under Attack!" article. I pointed out that believing other people are not people was dehumanizing and pretending the people you're murdering are inhuman takes away the humanity of the person believing this, and they turned around, posting NOTHING but this comment while erasing all others under the "Jews are not human" propaganda, while deleting all the rest, and lumping me in with people who posted racist cartoons and spewed hate. Idiotic. I kindly informed them that selectively quoting me to create a false impression of my words and using them to smear my reputation constituted libel, (not that I had the means to do anything or the desire, but I wasn't going to just let it be) but they just kept deleting the posts. Guess they're not above selective deletion and distortion to forward their twisted worldview, eh? Who runs that site anyway? Like the Guardian needs its own personal "antisemitism crusaders."
Of course, I didn't really post here back then, as I usually prefer just to read the comments to get a general idea of opinion. The CIFWatch episode showed me, however, that remaining comments are NOT indicative of public opinion when people are "moderator happy," and use their position to color the debate. (CIFWatch actually has a hilarious definition of "antisemitism," one of which includes pointing out that any Jew is "more loyal to the state of Israel than his home nation." John Pollard anyone? So speaking the truth can actually be anti-semitic!)
With the veiled threats on "Net Neutrality," however, I can't afford to keep silent any longer. Do not let enemy's lists stop you from calling things what they are, or spying, or any of that. If they weren't scared, they wouldn't bother to watch what an angry person says on the Internet. They aren't afraid you'll harm them, they're afraid of exposure. They know their information control remains tenuous, and any overt attempts to seize it will be viewed as the naked control plot they are.
Information is power! And I want mine back!