Just about every one of the U.S.’ largest banks received billions of dollars in money from the FRB, withCitigroup, Inc. receiving the most funds at $2,513 billion between 2007 and 2010. Investment groups Morgan Stanley and Merrill Lynch rounded out the top three recipients at $2,041 and $1,949 billion respectively. Foreign companies who benefited from the FRB’s generosity included Great Britain’s Royal Bank of Scotland Group, and Deutsch Bank of Germany and Switzerland’s United Bank Switzerland AG, and Credit Suisse Group AG. It certainly is odd that Switzerland and Germany, of all places, would be getting billions of dollars in U.S. money, especially since their economies are supposedly stable. Just what are two Swiss companies doing taking money from the FRB, anyway?
Ben Bernanke and Alan Greenspan, to name a few, were adamant in their opposition of such an audit, and now it is clear as to why. This private bank is giving away money stolen from the American public; money that the country can’t afford to hand out. It’s corporate welfare; plain and simple. Why is no one outraged about this? Why are lawmakers blaming illegal immigrants and the poor for causing so many economic problems when the cause is more clear than a bottle of Evian? To draw attention away from the fact that they’re probably benefiting from all this legalized money laundering.
You might not think of it as money laundering, but it is. The transfers were done in secret, masked from the public. Who knows whose pockets that money eventually ended up in, but it certainly wasn’t those of the American public!
And what’s worse is that we knew the Federal Reserve created the $2 trillion for Quantitative Easing (which is an amount that is a detriment to an economy), but we have no idea where the Fed acquired $16 trillion to fund these secret bailouts that you can read about here. It’s been speculated that the Federal Reserve has created most of or all of this money out of thin air. If this is the case, then we are truly in trouble. The U.S. central bank was desperate to keep the economy going short-term so banks wouldn’t go under and to “control deflation”, but the reality is that the Weimar Republic created a lot of money relative to GDP and now we’ve done the same; we’ve possibly even created an amount of money a few trillion over our GDP. And yet, this new audit is getting no attention from corporate news. I wonder why…
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
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| — | - Dwight D. Eisenhower (via sirmitchell) |
