Fed Audit: How to Throw $ 16 Trillion in the World in One Year

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

This incredible revelation was made in the first official audit of the Fed by the US Government Bureau of Accounts (GAO) - and silenced by the official Western press. Only a short report from Forbes magazine expressed surprise at the curtain of silence that enveloped the fantastic result.

What do these fabulous numbers mean, and what kind of people are behind the gigantic operations? The FRS, that is, the Federal Reserve System, plays the role of the US State Bank, that is, it prints beautiful green papers that go for the world currency. But the Fed does not belong to the American government or the American people - it is a private corporation that took over these functions back in 1913 as a result of a conspiracy of leading politicians and bankers on Jekyll Island.

Since then, the banks behind the Fed have made untold fortunes - every dollar they lend is loaned and interest bearing. Since 1991, Russia has also started to pay tribute to the Fed.

American libertarians don't like the Fed. Some of them consider her to be the source of all the world's evil. The recently deceased Eustace Mullins wrote in the fifties, under the guidance of the great American poet and thinker Ezra Pound, the book Secrets of the Fed, which was burned, banned - and yet sold millions of copies.

Since then, talking about the Fed in the United States has become bad form and the best way to ruin your career, almost like the legendary wise men of Zion.

But a few years ago, the desperate libertarian Senator Ron Paul, who nearly became the Republican nominee for the US presidency this year, once again raised the banner against the Fed. He demanded to conduct an open audit of this corporation. He was supported by Democratic Congressman Dennis Kuchinich, who also tried his hand at running for the presidency, and independent Senator Bernie Sanders.

They pushed through a congressional decision that forced the Fed to open its ledgers to the GAO, despite protests from bankers, most notably Ben Bernanke and Alan Greenspan.

Audit - the first since 1913 - took place, its results were officially published - and silenced by the freest American press in the world. According to the audit data, during and after the 2008 crisis, the Fed secretly issued and distributed $ 16 trillion to "its" banks, and they have already distributed these incredible amounts of bonuses to their bankers.

Although the Fed called the operation "lending," not a single cent was returned, despite the fact that the "loan" was interest-free. For comparison, the US GDP is 14 trillion, the entire US national debt is 14 trillion, and the US annual budget is 3.5 trillion.

Although the Fed is posing as a government agency, neither Congress nor the president was involved in the decision to distribute these sums to banks, while companies in the United States are closing, people are being kicked out of their homes for non-payment of mortgages, and people are becoming poorer.

Recipients included Goldman Sachs - $ 814 billion, Merrill Lynch - $ 2 trillion, Citigroup - $ 2.5 trillion, Morgan Stanley - $ 2 trillion, Bank of America - $ 1.3 trillion, The Royal Bank of Scotland and Deutsche Bank received $ 500 billion each. …

When the crisis struck, the US Congress, after much controversy, allocated $ 800 billion to “buy out” the affected banks. Now it turns out that the Fed has drawn many times more money for the same purpose without any permission from the democratically elected authorities.

Therefore, in the country ruled by the Washington Regional Committee and serving as a model for many Russian liberals, the most unfair system of distribution of income and wealth has developed, Senator Sanders writes on his website.

The richest 400 Americans are richer than 150 million Americans, and the six heirs of the Wal-Mart supermarket system are richer than 30 percent of Americans. 1% owns 40% of the total national wealth, and the bottom 60% owns less than two percent.

Now we see that their wealth was not created by labor, and not even by ingenuity - it is the result of sawing and fraud.