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SHOCKING!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! The real deficit is $25 TRILLION! Video


The real deficit is $25,000,000,000,000.00 (TRILLION)!

The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent
Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out.

Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have
on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage. What was revealed in the audit was startling:

$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland (see page 131 of GAO Report). 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.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows.. 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)

GAO Report: Federal Reserve System

http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

http://sanders.senate.gov/newsroom/news/?id=ca3bd5d9-0ebe-4ee4-a005-9e59f9bc73d2

http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

http://www.youtube.com/watch?feature=player_embedded&v=7qwrPEUxpKE

 

GAO (Government Accountability Office) report Of the Federal Reserve;

http://www.gao.gov/new.items/d11696.pdf

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  • Charles of Waveland,MS.

    If You have a social security number, then YOU owe the money and Obama wants You to pay YOUR UNFAIR SHARE.

  • Roxanne

    What a bunch of moneychangers they are. Jesus will chase them out with a whip just as he did before.

  • Sunny

    You can thank Dr. Ron Paul.

    He has been pushing for this for YEARS!

  • Edith Crowther

    The results were actually revealed over a year ago – but they were not reported much, as Forbes Magazine commented in September 2011.

    I think the cover-up is as bad as the actual figures – worse, possibly. What happened to the Free Press? We in the “West” criticise Russia – but should be looking at the mote in our own eye first?