It's Finally Happened! GAO Audits Fed for the 1st time Ever (Reposted)

[GopperStopper2680]

to appeal.

The Goverment Accountability Office-the Congressional arm of Congress which investigates how governmental money is spent-has for the first time in its nearly one hundred year history performed an audit of the Federal Reserve. The audit was requested by Ron Paul, Jim DeMint and Bernie Sanders primarily, with some others under the Dodd-Frank bill which was passed last year. And what they found while sadly, was not truly unexpected (at least by me) was a livid and scarlet outrage.

It turns out that in a clear act of 'elitist socialism' the American Mega Banks have been bailing out other richsters in foreign countries to the tune of 16 trillion dollars of OUR money-all without any form of oversight, accountability, or even a vote! This kind of unilateral nepotism among the world's power elite is a truly terrifying thing to behold.

According to the article which I found posted here:

http://www.unelected.org/audit-of-the-federal-reserve-reveals-16-trillion-in-secret-bailouts

The audit was not comprehensive but was a watered down version of what was originally planned. Paul and others plan to seek a more comprehensive audit next year.
The big question then becomes "So now we know what's going on-what are we going to do about it?" Sadly, the answer most likely will be 'nothing' or at most very little. These globalist pseudo-aristocrats have long existed in a shroud of non-culpability and continue to exist in the notion of personal invincibility and immunity from the law. We as taxpayers and responsibile citizens have a right and an obligation to stand up to the government and DEMAND that they take some form of relevent action appropriate to the nature and scale of the crime. After all our nations Founders created a system on the grounds of 'Rule of Consent by the Governed' not 'Consent to Rule by the Rich'. "A Sheepish population will have a wolfish government" after all as the quote goes.

**I reposted this thread in a more suitable category as I somehow managed to stick it in the wrong place and get it locked the first time. Hopefully now people will be able to reply.**

[TheWraith]

1. Yawn. Another repetition of the "$16 trillion dollars!!!" lie.

By people who have no fucking clue whatsoever how the Fed works or what "discount window" lending is.

Here's a hint: if you loan out $1 million dollars, 1000 times, you'll have loaned out a billion dollars. That doesn't mean you've given away a billion dollars.

[GopperStopper2680]

5. Read the breakdown of the audit.

[GopperStopper2680]

6. As to my 'ignorance' of how the Fed works..

I'm pretty sure that it wasn't designed to keep foreign banks afloat without any oversight from the government or without any kind of vote. But who knows, maybe I could be wrong. Maybe it was established to hand out our taxdollars oversees like girlscout cookies..

[tges6255se]

10. indeed

[abelenkpe]

2. Posted about 236 days ago

This is old news.

We have new outrages today

[freshwest]

3. Yeah, I saw the Sanders edition. But it's new to our newbie, so I'll cut him some slack.

It's not like it's LBN, or anything.

I was quite amazed at the Sanders version of this on his official website last year.

Honestly, I am clueless about what it really means, because I have talked to some people abroad who say that Americans are totally ignorant on this subject.

I haven't had economics classes in half a century, although the eeville banker theme has a world wide following. It would be nice to have a sense of symmetry and to blame everything on them.

[abelenkpe]

4. I'm willing to blame it all on the banks

It is truly interesting to spend time abroad and see how other's view the US. It's an eye opener!

[GopperStopper2680]

7. Old news..

I didn't say it was 'new' news. But the fact that it's been forgotten about is what bugs me. You seem to have missed the point. For something that took place almost a year ago I'm just now hearing about it-that doesn't make sense to me.

[freshwest]

8. I started writing what was turning into a novel in reply. I'll get back with you later.

[GopperStopper2680]

9. BTW..

Thanks for 'cutting me some slack' as you put it.