Self-evident Economy

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First Ever Audit of the Federal Reserve!!! Oh Wow...

IF EVER THERE WAS A REASON TO VOTE FOR RON PAUL, THIS IS IT! The article and audit is from July 21st so apparently it’s old news. I don’t understand why so few people actually care.

vogsphere:

thoseboringpolitics:

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. 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.

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

And here we have the evil of the Fed exposed. Unelected men bailing out huge corporations to benefit them. Corporatism at its finest. Hopefully the audit (brought up by Ron Paul and Alan Grayson) will push the idea forward that the institution is doing us no good. People should inspect this more and find that both parties are looking to monetize debt by the Fed and stay in the pockets of businesses; this central bank is what is keeping our economy in ruins for consumers and booming for rich businessmen. 

Holy shit. I mean, I knew it was gonna be bad, but…this is just nuts.

(via moralanarchism)

Filed under Politics Federal Reserve Fiat Money Economics

  1. randomguy2015 reblogged this from thoseboringpolitics
  2. informationaction reblogged this from thoseboringpolitics
  3. dorianchocolate reblogged this from vanessazn
  4. vanessazn reblogged this from voluntaryexchange
  5. voluntaryexchange reblogged this from moralanarchism
  6. selfevidenteconomy reblogged this from moralanarchism and added:
    IF EVER THERE WAS A REASON TO VOTE FOR RON PAUL, THIS IS IT! The article and audit is from July 21st so apparently it’s...
  7. lepus reblogged this from moralanarchism
  8. moralanarchism reblogged this from michaelceratops
  9. michaelceratops reblogged this from thoseboringpolitics and added:
    Holy crap. I mean, I knew it was gonna be bad, but…this is just nuts.
  10. veganarchonomics reblogged this from aghoulistmike and added:
    ARE YOU FUCKING KIDDING ME?! I still remember those quaint old days when a one trillion dollar bailout upset us.
  11. lunarpolitics reblogged this from thoseboringpolitics
  12. hiclassharlot reblogged this from optimisticghost
  13. dearnicoleeee reblogged this from paranoiainbloom
  14. aghoulistmike reblogged this from fuckbitchessoundmoney
  15. paranoiainbloom reblogged this from optimisticghost
  16. optimisticghost reblogged this from thoseboringpolitics
  17. enemyofthestatist reblogged this from thoseboringpolitics
  18. thoseboringpolitics reblogged this from thoseboringpolitics and added:
    I’ve had 50 new followers since this post; this is for any of you who are new and didn’t know this. Spreading the...
  19. aaronmerrill reblogged this from fuckyeahlibertarian
  20. tatttooine reblogged this from fuckyeahlibertarian and added:
    Is this real
  21. citizens-concerned reblogged this from fuckyeahlibertarian
  22. fuckyeahlibertarian reblogged this from disobey
  23. theparadigm reblogged this from humanautonomy
  24. humanautonomy reblogged this from thoseboringpolitics
  25. onegodonemaster reblogged this from thoseboringpolitics and added:
    Wait - the Fed isn’t there for the people?????? News to me. But seriously - how can this surprise anyone?
  26. benjithebrave reblogged this from anticapitalist
  27. -double-standard reblogged this from rykemasters
  28. wehidebehindstars reblogged this from randomblink and added:
    …My small, uninformed mind does not comprehend. What???
  29. strangerfriend reblogged this from thoseboringpolitics and added:
    READ THIS! I knew money wasn’t real! Feels like Enron again, the numbers mean nothing. Why isn’t this in the news?
  30. coolofatemperatebreeze reblogged this from disobey and added:
    We’re all so fucked. I’m moving out of this damn country as soon as I get a chance.
  31. skyghe reblogged this from anticapitalist and added:
    SONS OF BITCHES! People, are you seeing this??
  32. vegetax6 reblogged this from anticapitalist
  33. thebananafish707 reblogged this from anticapitalist