Fed Preparing MASSIVE U.S. Dollar Devaluation And Bank Runs!


Description:
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.”

Sources:
http://pixabay.com/en/backdrop-backgr…
http://www.newyorkfed.org
http://www.amazon.com/Money-GPS-Guidi…
http://www.amazon.com/End-Fed-Ron-Pau…
http://www.sanders.senate.gov/newsroo…
http://pixabay.com/en/choice-elect-el…

Fed’s Tarullo details plans to counter bank runs

Global regulators need more policy tools to counter the risk of devastating bank runs and should have powers over a wide array of market participants, U.S. Federal Reserve Governor Dan Tarullo said on Friday.

“There is a need to supplement prudential bank regulation with a third set of policy options in the form of regulatory tools that can be applied on a market-wide basis,” Tarullo said at a conference on shadow banking.

http://www.cnbc.com/id/101222045


loading comments...