The Results Of The First Audit Of The Federal Reserve’s Nearly 100 Year History

Dr. Michael LaitmanIn the News (from “What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. 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. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious – the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.”

My Comment: This is how egoism manages public property “for the benefit of their country and the people!”

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One Comment

  1. No surprise. The Fed is owned by the same private banks that used the money to “bail” themselves out. Money is only paper; right? It just has the perception of worth.

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