Black Hole Debt - 16 Trillion Dollars

[the1]

Thx for including the link. I just copied it from my email. I Shoulda googled for the link.

Quote from nitro:

Fascinating doesn't even come close to describing this. I have to do far far more research.

Thanks for posting it!

http://www.infowars.com/why-iceland-should-be-in-the-news-but-is-not/

 

[ronblack]

Quote from Mvector:

http://www.infowars.com/have-you-he...-reserve-handed-to-the-too-big-to-fail-banks/

http://www.infowars.com/the-federal...on-in-secret-loans-to-their-bankster-friends/

Many Americans have a hard time grasping just how large 16.1 trillion dollars is. It is an amount of money that is almost inconceivable. It is more than the GDP of the United States for an entire year. It is more than the U.S. government has spent over the last four years combined.

The Federal Reserve was just creating gigantic piles of cash out of thin air and throwing them around with wild abandon.

One of the only members of Congress that has wanted to talk about the GAO audit has been U.S. Senator Bernie Sanders. The following is a statement about this audit that was taken from his official website….

“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”

Central banks do that all the time. This time it was bigger than usual. Financial assistance doesn't mean they gave money away.

 

[Mvector]

16 Trillion and no positive economic trends - that was only the money up through July 2010 - do you think there has been more since then? LOL!

So you have a scenario where 16 Trillion gets all paid back from other than the taxpayers? If you do you are way out in left field with those thoughts.

 

[softdown]

Quote from Mvector:

According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly frompage 131 of the GAO audit report….

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

Do you have a reference for this info ?

 

[futurecurrents]

So the guv gave the keys to the car to the bankers and said "Regulating you is bad so we'll just let you drive however you want. Don't worry about speed limits and stop signs" ......They smash-up the car. But without a car how can they drive to work to pay for the accident? So the fed/Daddy buys them a new car and tells them this time they have to obey some traffic rules but they can write them and decide which ones to adhere to. They did this while kicking and screaming about it, and arguing how this is repressing their potential.
So uninjured, unpunished and feeling invincible and untouchable, smirking, not believing how gullible Daddy is, they drive off again, the trunk filled with gold.

 

[the1]

That's a pretty good summation. If you're interested read, "Web of Debt," by Ellen Brown. It's quite a depressing read but still worthwhile.

Quote from futurecurrents:

So the guv gave the keys to the car to the bankers and said "Regulating you is bad so we'll just let you drive however you want. Don't worry about speed limits and stop signs" ......They smash-up the car. But without a car how can they drive to work to pay for the accident? So the fed/Daddy buys them a new car and tells them this time they have to obey some traffic rules but they can write them and decide which ones to adhere to. They did this while kicking and screaming about it, and arguing how this is repressing their potential.
So uninjured, unpunished and feeling invincible and untouchable, smirking, not believing how gullible Daddy is, they drive off again, the trunk filled with gold.

 

[Mvector]

Quote from softdown:

Do you have a reference for this info ?

I just gave you the links at start of thread - there are additional embedded links within my initial links provided. I am sorry if the corporate media did not tell you about this in detail - not my fault.

 

[Mvector]

Quote from futurecurrents:

So the guv gave the keys to the car to the bankers and said "Regulating you is bad so we'll just let you drive however you want. Don't worry about speed limits and stop signs" ......They smash-up the car. But without a car how can they drive to work to pay for the accident? So the fed/Daddy buys them a new car and tells them this time they have to obey some traffic rules but they can write them and decide which ones to adhere to. They did this while kicking and screaming about it, and arguing how this is repressing their potential.
So uninjured, unpunished and feeling invincible and untouchable, smirking, not believing how gullible Daddy is, they drive off again, the trunk filled with gold.

but the taxpayers are obligated and backing all the debt created from the criminal privately held federal reserve - the biggest problem of all - and our politicians and the American people so far have accepted all of this.

 

[kcgoogler]

Quote from Mvector:

... and our politicians and the American people so far have accepted all of this.

isnt that unbelievable.

Some times when i think about things like these i figure its all comming to haunt our savings or whatever wealth creation most of us busy doing; but not much we can do about it - the whole system is completely screwed. So go back to devise systems and put on profitable trades and hope these big problems will somehow magically be solved by someone.

-gariki

 

[the1]

And it was the Federal Reserve that created this mess then they swoop in to "save the day." It's like punching you in the nose and giving you a bloody nose and then handing you a towel and ice to stop the nose from bleeding.

Quote from Mvector:

but the taxpayers are obligated and backing all the debt created from the criminal privately held federal reserve - the biggest problem of all - and our politicians and the American people so far have accepted all of this.