In the first audit ever “allowed” (seriously) by the Federal Reserve, a whopping $16 trillion dollars has been “loaned out” throughout the world:
Among the investigation’s key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. “No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,”
This figure is only what was only the parts that have been permitted to be uncovered. A complete audit has never been performed (or allowed).
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. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
That is one hell of a “loan”!
To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is “only” $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is “only” $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.
In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and supercorporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy.
Now you know why America will never, ever “recover”. The hemorrhaging of the economy can only get worse and worse. Also read this: The Next Financial Crisis Will be Hellish. The Fed is leveraged 51-1!!
These figures (keeping in mind this is only a partial “audit”) can never be paid back. These are factually impossible numbers for any company to pay back.
Let’s go over a measly “trillion”. Watch this (and also note the lies about how much was to be loaned out):
Even better, take a quick gander at this page: How Much Is A Trillion?
Now imagine what $16 trillion “loaned out” dollars actually means. You could paper the entire world with these bills (and then some). But the real figures of the Fed “loans” are even higher then this!!
This is why your money is going to be absolutely worthless. There is now so much of this (worthless) paper “loaned out” floating in the electronic ether around the world, that the value of a “dollar” will be less then spit. The actions of the Fed have GUARANTEED our financial doom.
The ONLY thing that is keeping us still afloat right now is the (seriously) misplaced “faith” in the dollar and federal government. When this is finally gone (and it will be), we will collapse into a third-world state of revolution and anarchy. Our economy would implode, instantly. Trucks and deliveries would stop running overnight. Riots would engulf our cities and neighborhoods. People would virtually starve to death. The numbers of affected would be hundreds of millions in this country alone. And it would spread throughout the entire world.
Only the sheer level of ignorance at the incredible malfeasance of our owners has managed to keep us afloat. This means that it is not faith in government or the dollar or any such thing at all that has kept us going, but ignorance itself. People still “think” that the dollar “means something” or has value.
Ask yourself this: would any of you, any American — simply just “give away” trillions and trillions of dollars if you knew that this would make your own money absolutely worthless? Of course not. But this is exactly what happened. Our leaders demanded this. And the only reason, this single sole and solitary reason that this has not yet already utterly destroyed us is this so-called “faith” which has been completely misplaced and misrepresented.
It’s not faith at all — but blind, stupid and utter ignorance to how we have been completely blind-sided to the real facts of what has been done behind our backs.
The “too big to fail” have been “bailed out” — but YOU weren’t. YOU were SOLD OUT. You were sold down the river to the slave-owners and now you KNOW beyond a shadow of a doubt that YOUR future is going to be NOTHING but years and years of endless slavery.
A entire lifetime. Even your children’s entire lifetime. And your grandchildren, and on and on into the unknowable future of entire generations to come.
Not a good feeling, is it?
I realize that “supporting ignorance” and withholding information would actually now be “better” for us all, but I cannot do that. Your government has done that, because they are RELYING on it and in truth, so are ALL OF YOU. It is the only thing that has kept us afloat this long.
But how much longer can this last?
Good question. Not long is my only answer. Not long at all. But I do not really know, nobody does.
I’ve often remarked upon “our ignorance”, which seem incredibly pervasive on so many issues. But don’t think ignorance can save us now, this can’t / won’t happen either. Even ignorance won’t bring your money back or make it “worth” anything. Even ignorance has a limited shelf life and a reality check and ours is coming in a big, gigantic way.
You know what needs to be done, but from my position, I’m still seeing a desperate final grasp towards ignorance. This is like drowning men, floundering in a raging sea, grabbing at bit of straw, trying to keep afloat.
It won’t work. It can’t work. We’re already as waterlogged as the straw is. And we’re definitely drowning.
Ok then. I’ve been planning on changing things a bit, or at least I keep telling myself that. Over 90% of you (maybe the 99%?) are going to be on your own. You have absolutely no idea what this really means.
I’ll spell this out in brief: the things which you depend on to keep you alive right now are going to disappear when you need them the most.
This includes me of course and everything else. You are not going to be able to count on food, fuel, electricity, deliveries, shipping, supplies, job, retirement, social security, banks, supermarkets or anything else. It all floats on increasingly worthless “money”. And energy. And resources. All three are in collapse. I’ve spent a long time here, years now, documenting all this.
Many people have waited and waited and waited under the false belief that they can afford to do so because we’re still somewhat afloat. They believe that they will be able to do the things that they need to do when it all collapses. This is extremely wrong on so many levels and will lead to many thousands if not millions of unnecessary deaths.
MOST OF THE THINGS YOU ARE GOING TO NEED ARE GOING TO DISAPPEAR WHEN YOU NEED THEM THE MOST.
I will repeat for emphasis:
MOST OF THE THINGS YOU ARE GOING TO NEED ARE GOING TO DISAPPEAR WHEN YOU NEED THEM THE MOST.
I am not willing to keep hoping that Americans are going to finally wake up and take the necessary steps to save themselves. THEY ARE NOT GOING TO DO THIS. Not through (s)Elections, or through public awareness, or through protests or more useless marches or anything at all. They are going to go right on believing in the “mainstream lies” that have governed them their entire lives and that has now brought them to ruin.
I utterly wash my hands of any further responsibility for any of them. I am preparing myself for many of you to die. Mentally, I can only brace my thoughts and attempt to gird myself against what I think is a very high probability. Physically I can do the things that will help me and mine to survive. Morally I’ve already done what I can — shouted, pleaded, cajoled, ridiculed and explained what I think is taking place. My “responsibility” now ends here.
Therefore, if there are any further posts, and I expect that there will be, I will try to focus these only towards those that I believe that will stand a chance at surviving all this. The “rest of you”, as concerned and as heartfelt as I feel towards your situation (and anger at your pervasive apathy) — I wash my hands of you. I am not going to try and help you anymore. I am going to leave you to your ignorance, you are going to get what you deserve anyway, and this is not my fault, its yours.
This is not spite, or even anger or anything like that. It’s triage. It’s time to save the ones that can be saved, that’s all. I’ll follow up this post with more later on.