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Just when I thought the banksters couldn’t possibly shock me anymore… they did.
We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money - $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”
Wait, what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details?
Yes. The Founding Fathers are rolling over in their graves. The original copy of the Constitution spontaneously burst into flames. The ghost of Tom Paine went running, stark raving mad screaming through the halls of Congress.
The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England… To the Fed’s foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)… All their Ponzi players were “gifted.” All the Racketeer Influenced and Corrupt Organizations got their cut.
Talk about the ransacking and burning of Rome! Sayonara American middle class…
If you still had any question as to whether or not the United States is now the world’s preeminent banana republic, the final verdict was just delivered and the decision was unanimous. The ayes have it.
Any fairytale notions that we are living in a nation built on the rule of law and of the global economy being based on free market principles has now been exposed as just that, a fairytale. This moment is equivalent to everyone in Vatican City being told, by the Pope, that God is dead.
Originally posted by jaynkeel
Nothing like spreading the wealth right.
Makes you happy right?
Originally posted by ziggy1706
Hey neploatino! look over here! if you see someting say something
stupid lying backstabbing benedict arnold she is
Originally posted by Unilluminist
reply to post by bigfatfurrytexan
There you go again quick to bash all the CTers here on ATS just because they aren't 100% in lock step with you. Most CTers already know the FED is a sham and needs to be ended. This is nothing new, it just may be a little worse this time that is all. But then I guess you couldn't feel so high and mighty if you didn't bash all the rest of us lowly ignorant CTers who aren't as enlightened as yourself.
Originally posted by punterdeb
what was shocking to me is that the australian banks were mentioned. our government has constantly said that we are the only country in the world that has avoided the gfc and that our banks are rated the soundest in the world....huh, then why did they get money from america?
Originally posted by 46ACE
Added: perhaps I'm too dense to get some of this:
the article mentions "the American people" are collateral for zero interest loans paid out by the fed(?) collateral is something you put up to GET a loan. :
We hear all the time The federal reserve is as federal as "federal express" aren't they loaning their "money"and not taxpayers money(?)
The Fed doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.