The supreme illicit fraud of central banking
embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit
transfers to banksters, especially at zero interest, financed by unimaginable new Treasury Bonds, indebting the American public;
is a crime committed by outlaws. The significance of the evidence for the extent of the crony financial manipulations, that
the controllers of international capital use to maintain their power strangle hold on humanity, needs to be fully exposed.
Only when the beleaguered and downtrodden become sufficiently indignant to usury incarceration, will heads start to roll.
Vermont Senator Bernie Sanders announces on his web site page, The Fed Audit.
"The first top-to-bottom
audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret
loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An
amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more
than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United
States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own
individualism for everyone else."
Yes,
you read that correct, 16 TRILLION DOLLARS. When originally disclosed, there was minimal outrage.
The United States Government Accountability Office
report on the Federal Reserve Audit on page 203-204 reveals proof positive of the
magnitude of the transfer of trillions in bailout credit to the money center international banks.
"The FOMC approved these swap line arrangements to help address challenges
in the global market for interbank lending in U.S. dollars. Many foreign banks held U.S. dollar-denominated assets and faced
challenges borrowing in dollars to fund these assets. In contrast to U.S. commercial banks, foreign banks did not hold significant
U.S. dollar deposits, and as a result, dollar funding strains were particularly acute for many foreign banks. The Board of
Governors of the Federal Reserve System (Federal Reserve Board) staff memos recommending that the FOMC approve swap lines
noted that continuing strains in dollar funding markets abroad could further exacerbate strains in U.S. funding markets. For
example, foreign banks facing difficulties borrowing against U.S. dollar assets may have faced increased pressure to sell
these assets at a time of stress, potentially putting downward pressure on prices for these assets. The dollar swap lines
allowed foreign central banks to make dollar loans to banks in their jurisdictions without being forced to draw down dollar
holdings of foreign exchange reserves or to acquire dollars directly in the foreign exchange market. An FRBNY staff paper
noted that the dollar reserves of many foreign central banks at the start of the crisis were smaller than the amounts they
borrowed under the swap lines and that efforts by foreign central banks to buy dollars in the market could have crowded out
private transactions, making it more difficult for foreign banks to obtain dollars. This paper further noted that the Federal
Reserve System (the Federal Reserve Board and Reserve Banks collectively) was in a unique position to provide dollars needed
by foreign central banks to provide lender-of-last-resort liquidity to banks in their jurisdictions. The increase in reserves
was offset through sales of Treasury securities and increasing incentives for depository institutions to hold excess reserves
at FRBNY."
The last statement regarding using
Treasury securities to increase banking reserves admits that monetizing the balance sheet of the FED, to unheard of levels,
continues unabated. The absence of mainstream media reports on this historic, more than doubling, of the officially disclosed
debt is beyond belief. Now that the Federal Reserve openly acknowledges that, the privately held banking cabal is buying up
Treasury Notes, because the marketplace has refused to accept and buy the excessive float of new Treasury obligations, should
be the most sobering consequence of the greatest bubble of all time.
This off the books concealment reporting by the FED illustrates the importance of the audit.
Watch the video, REAL DEBT that provides a short analysis of the Fed audit.
"The
recent audit of the Federal Reserve by the Government Accountability Office is particularly disturbing if read alongside the
last report to Congress by the Fed’s Inspector General.
The GAO audit found a huge number of serious conflicts
of interest at the Fed. Employees and contractors were allowed to own stock in the companies receiving financial assistance
from the central bank."
The fact that the FED and their enablers in Congress prevented a complete
and comprehensive forensic audit of the books of the "Jackals of Jekyll Island" indicates just how much is at stake.
None other than the formidable blog, The Economic Collapse, expresses the sentiment that most of us should share.
"Another
mystery that I would like to see addressed is the trillions of dollars of "off balance sheet transactions" that
are unaccounted for at the Federal Reserve. This was brought up once during a Congressional hearing, but nobody seemed to
have any answers."
The $9,000,000,000,000 MISSING
From The Federal Reserve YouTube captures the absurdity of Congressional oversight. The financial
community that created fractional reserve banking is in total control of the political election process. As long as there
is no accountability and consequences for outright theft, the money magicians continue to operate their fraudulent scheme
of deception as the cornerstone of international economic transactions.
The
FED’s grip on the global moneychangers’ racket is based upon maintaining the U.S. Federal Reserve funny money,
as the reserve currency for the planet. The value and worth of Treasury Bills and Bonds are on the path to have the value
of Reichsbank marks. Recognize the enemy that is destroying the country and world economy.
