Federal Reserve Cannot Account for $9 Trillion

Originally posted by RubberBaron
EDIT, here it one, start at 7:40, he says that no branch of government can ever overrule the Federal Reserve.

But I suppose the Congress could revoke the Federal Reserve's right to manage the dollar.

reply to post by Maximus_Prime



You know that's so crazy that it borders on Genius.
Makes you wonder about Voodoo Economics.

reply to post by reugen


Yeah, but the problem remains that housing is still too expensive, and home prices still need to drop, or else household income needs to increase to close the gap of affordability.

With household incomes plummeting from job losses, and stagnate, if not declining wages and salaries, the price of everything will have to continue to fall in order for consumers to continue to buy products.

This problem can not be solved by giving banks more money to loan to people who have no incomes to pay the money back.

The only solution is to bust open the coffers of the super rich who have succeeded in hording too much of the money supply, and releasing that money back into the markets. If they don't, then all that money will evaporate as the money supply shrinks due to there being no place to invest when there is no demand for goods and services. Deflation is simply the natural result of the wealth becoming too concentrated in the hands of too few.

reply to post by moniker

But I suppose the Congress could revoke the Federal Reserve's right to manage the dollar.

Yes they could simply abolish the fed. Contrary to what some on here believe, that we need a central bank because thats just how it's done. That is incorrect! We have a central bank because the worlds one single giant banking cartel is the most powerful organization in the history of man.

America fought the revolution to be free of the central bank of England. Here we are again at the mercy of our own central bank, the FED.

The banking cartel will not just give up their resource of free money. Every currency printed by a central bank is then loaned to the government at interest. there is no way to pay back the interest without borroeing more money. It is a revolving trap which is a constant supply of free money to those in charge of the printing press.

They can make or break an entire countries economy at will, their power is hard to even imagine, and governments are at their mercy.

Do not be led to believe that our current situation is because somebody made a mistake, or got in over their head. This is all absolutely with no doubt by design. The bankers allow the people to think there has been a miscalculation so that they can offer a "solution" There are no mistakes in central banking. The players at the top decide the course of action, it is all figured mathmatically and scientifically.

"When the President signs this act, the invisible government by the monetary power will be legitimized. The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created.” --Charles Lindbergh 1913

A good read here

Hell, losing 100,000 dollars is crazy, (hell, 20 dollars lost to me is a pain in my heart)...but not 9 million....9 trillion?!!

Isn't there supposed to be some high paid person that looks over this stuff?

It's not that hard to lose, if you think about it, in this modern world 9 000 000 000 000 is less than two bytes of computer memory.

It was probably just an electrical glitch.

well, did they ask the Fed's IG about the bank accounts in Bermuda? that money went into the black budget of the banker's cartel and perhaps as extra funding to whatever pasty they may need.

Freedom To Fascism

Aaron Russo did a great job with this documentary, and if you haven't seen it, I highly suggest you watch it. It talks about the Federal Reserve as well as the illegitimacy of the Income Tax and a few other issues.

We were sold out back in 1911/1913 and it disgusts me. The only way money works is if we have faith in it and slowly our faith is lessening due to these "hot shots" like Bernake and all the players in Congress. If you watch this video, you'll learn how overnight, Congress met secretly (during Christmas time while most men were at home, mind you) and put this in to order. Disgusting

There's more to than meets the eye with this situation, and I will not be surprised if something happens soon.


[edit on 13-5-2009 by AllinTheMind89]

and it is not likely that all this money simply filtered through into the pockets of the elite and priviledge, this cannot simply be about keeping it for the sake of being richer especially with the gloom on the horizon for the US economy... it would make more sense if this money was used to purchase goods while he currency is still afloat... goods such as arms perhaps? imagine the FED or whomever they are associated with forming its own army for a coup? even a staged one, timed with the possible removal of Americans' guns..?

imagine what amazing things you would see to fruition with 9 trillion dollars at your expense...
imagine what a cabal of lifesucking, war mongering control freaks would see to fruition with 9 trill...

9 trillion didnt disappear, 9 trillion must have been Used... it's hard to not look at this as being more sinister than embezzlement.

Ok, after reading the comments and also watching some selected youtube "documentaries" i am aware that the situation is slightly different in the US compared to europe and that people are pissed off because what is happening and has happened to the financial system and the dollar in your country. Why do bubbles burst and why do they even come to be?

Originally posted by TheLoony
reply to post by David9176

 

I'm here every day reading this stuff and I still can't believe what is going on. Oops, we lost $9 Trillion. We can't audit them WHY!?!?!?!?!?!?

Do you recall that we seem to have 'misplaced' a nuke? So whats' a few trillion? We also seem to have misplaced truth, and the law. Heck, we even have an illegal alien in the White House. I can name some good Afro-Americans who also detest Baraq's flagrant lawlessness.
The economists are all crying now about how our money supply is growing incredibly fast, like Zimbabwe. What they fail to see is that the M1 is different from the M2, or the M3. We are talking about inflation of the actual printed money being inflated. The money in circulation is mostly NOT printed, but counterfeited by the banks, and known as 'marginal banking'. This is how they control the money supply by control of the interest charged on loans, ie marginal counterfeiting. A lot of that counterfeit money has now disappeared due to the banksters greed, and scams. So Baraq's printing is not even close to that which has vanished from the nonprinted currency. Net deflation.
Interesting!

[edit on 14-5-2009 by Gregarious]

With how the man's frustration over the inspector general's answers (lack of). We would never know where that money went since the inspector general is claiming that she has no jurisdiction over the auditing even if the inspector general act is saying otherwise.

They should go be tarred and feathered for this.

I don't want to recycle what everyone has been saying already, but wow 9 Trillian is an absolutely staggering number. That amount of money would wipe out world poverty, get ALL people out of credit card debts, loan debts and the list goes on. It is simply not acceptable that it is "unknown" what has happened to this money and where it has been transferred.

The fact of the matter is this insanely large amount of money could have been used to eliminate a large portion of the world's problems, but instead the whereabouts are kept secret and people aren't informed.

Originally posted by reugen
Ok, after reading the comments and also watching some selected youtube "documentaries" i am aware that the situation is slightly different in the US compared to europe and that people are pissed off because what is happening and has happened to the financial system and the dollar in your country. Why do bubbles burst and why do they even come to be?

Bubble's come to be because all money is created as a loan with interest. Thus the total amount of money in a "civilized" world financial system is debt, with interest. This is why there is this rabid paradigm of growth, why people work so hard, why rain forests get cut down, why millions of new shiny crappy useless products flood the market, why technology is engineered to fail and to be replaced asap. Everyone is in debt. Everyone has to make money to pay money because money, in our current system, is a negative energy. It's sucking the work out of people, the life out of the biosphere, the energy out of our souls.

Bubbles burst because, despite there being times of prosperity with lots of business and happy people, sooner or later demand goes down (how many cars, houses, boats does one really need?) and the economy starts shrinking. Then the debt monster kicks in, and sucks real world property like a massive vacuum cleaner, because somewhere someone owes all that money, PLUS INTEREST WHICH WAS NEVER CREATED.

This is the core of the problem. When you look at a dollar realise that what you are really seeing is something like -1.2$ or something along those lines. It's not wealth, it's debt to the priviledged classes, those that through historical manipulation, war, tyranny, supression of knowledge and genocide have put themselves on top of the social pyramid and in the position to pull the strings of the control mechanisms. And, at the heart of the matter, is money, and the spell it has on people's minds.

The selfishness of the money system is what keeps people from loving each other and helping each other. And if you avoid direct debt there is still taxes, which if we follow them, are still money owed with interest to financial institutions.

[edit on 14-5-2009 by Mindmelding]

Well who's taking it? It probably went into Swiss Bank Accounts?

But of course we will never know. It's never happened before where the money just disappears and then later it's recovered; they just create more taxes. The Fed should be audited so this doesn't keep happening.

reply to post by reugen

Ok, after reading the comments and also watching some selected youtube "documentaries" i am aware that the situation is slightly different in the US compared to europe and that people are pissed off because what is happening and has happened to the financial system and the dollar in your country. Why do bubbles burst and why do they even come to be?

Mindmelding hit the nail pretty squarely on the bubbles.

I just wanted to respond to your noticing the differences between our systems and I think you should take another look. They are really quite similar, the differences are in small management techniques but the overall system, the "central bank ideal" is the same.

Anyone with a central bank is a debt slave. Whenever you hear that the BoE has adjusted the interest rate, thats just the % extra that will have to be paid back for every euro in your wallet, and it's money that does not yet exist.

The central bankers really do control the entire world, absolutley and effectively. Through their manipulation and dominance of money, they also can manipulate and dominate countries, and people, you, me.

Spend 10 hours really learning about what money is and the awsome power and control of the banking cartel. I guarantee you will never again defend anything that a central bank does.

more info

Inspector General Elizabeth Coleman seems to be a bumbling idiot. Either she does not know how to (or will not) answer a simple question. How is it that someone with such great responsibility's can be so very unintelligent? It seems either she is not the brightest bulb on the x-mas tree or she is being secretive. It makes me sick that such people can be responsible for the accounting of OUR money.

I emailed my state representative (Allen Boyd - FL) and got my SO to email also.

I will post an update with his response.

Thank You OP for posting this information.

if money is the root of all evil, then the central bank is effectively hell. and the bankers are the devil... lol which isnt far from truth.

these people will send people to die for profit. and they will let you drown in your own debt, so they can gold plate their champagne glass.

still think you are free and not a slave?

not sure if you guys know about the "Know the Truth" guy in savannah ga. i asked him one day before i began to really research reality, and he handed me a piece of paper that the first sentence was, "International Bankers are Satanic Sociallists".

my response was, satanic sociallists? they dont sound like too good of people.

he pointed his finger at me like YOU GOT IT and walked off without saying anything.

that kinda started me on researching these topics, whereas before, I was mostly interested in science, space, art, and computers

reply to post by lucentenigma


i think instead of a bumbling idiot (which is giving her too much credit), i would go for, "Looks like she got caught with her hand in the cookie jar"

almost like she got caught watching porn at work lol

totally screwed

HANG EM HIGH!

[edit on 14-5-2009 by Donkey_Dean]