The Fed Audit

Bernie Sanders along with Ron Paul have done something we've all been waiting for - an audit of the fed. I searched for this and didn't find it, so hopefully I'm not duplicating something.

It appears the Fed has given away trillions of dollars to foreign banks and corporations. So, what’s new? Except now, the cat is getting out of the bag.

This should cause some uncomfortable stirring among the elite. But of course we probably won't hear about it anywhere except for sites like ATS.

I haven’t read the whole 266 page report, and I really don’t have the brains to understand all of its implications, but I can’t imagine this is good news for Wallstreet.

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "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," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

sanders.senate.gov... 753-62060dcbb3c3

your link is not working right.

Corrected link

Link to Report

reply to post by Gutterpus


Why does this not surprise Me?

I say We eliminate the need for money by releasing the methods of extracting what it represents (energy) from the plenum. This will remove power over others in favor of autonomous power over self. We all could live as today's elite do - if We chose to.

For more detail, please visit a few threads here, and read my novella (free on ATS media):

The End of Entropy - the foundation - read first

www.abovetopsecret.com...

The Ethical Planetarian Party Platform - the structure

www.abovetopsecret.com...


Here's a simple schematic for drawing on the plenum ("dark"/Zero Point/Radiant/Orgone/...) energy:

www.abovetopsecret.com...


The Abundance Paradigm:

media.abovetopsecret.com...

IF We can spread these ideas to the tipping point, We all can have a better life than at present.

reply to post by Gutterpus


Woohoo!

I'm from Vermont!

Bernie Sanders is the man!!!

So its time to actually use all this keyboard anger and do something with it. Print the report on this audit directly from the link given. Take this printout and talk to you neighbors about it. If we just sit around and gripe on the internet nothing will happen. Instead of cuttin social security its time we demand these banks and coroporations liquidate some of there assest and pay us back and take care of our national debt for us.

PRINT IT OUT TALK TO YOUR NEIGHBORS POST IT AT THE GROCERY STORE, HECK SIT IN FRONT OF THE GROCERY STORE FOR 30 MINUTES AND JUST TALK TO ANYONE WHO WILL LISTEN AND GIVE THEM A COPY. Post it on the front page of your facebook accounts and never let it leave. Spam it on the walls of everyones facebook you know(exculding work related contacts dont get fired!)

ENOUGH GRIPING FROM YOUR KEYBOARD THE TIME FOR ACTION IS NOW THIS IS PROOF WE HAVE BEEN ROBBED AND STOLEN FROM ITS TIME FOR ACTION!

I'll be back in few hours going to perform the actions im begging you to do.

reply to post by Amaterasu


Boy I’m all for removing the need for money and thereby settling debts the old fashioned way – the barter system. I don’t see that happening in my lifetime though. As far as your links, I’ll have to spend some time on those and try to get a handle on what they’re all about.

And spreading ideas such as this is surely the way to go. If enough people are consciously thinking/praying/meditating/hoping for another way, the tipping point will hopefully give in to those desires/wishes.

reply to post by Skada


Thank you, thank you very much.

The report is much too long to "hand out".

We need someone to compose a VERY easy to understand "hand out". Something that we could actually give to folks entering the grocery store or our neighbors.

I am REALLY confused as to what is really going on??

From what I understand there is enough money in the Social Security "account" to last until 2038 (or so depending on what you read). This is the FED NOT the Government - SO - why can the Government TAKE-AWAY the money WE have been putting away into this account??

I am serious - I really do not get it!

Isn't it Stealing?

Why is Medicare and Medicaid lumped together? Medicare is something (again) we as seniors are entitled to from years of working and paying into the 'system'. Medicaid is FREE to folks that have Never Paid A Penny into the 'system'.

What am I missing??

reply to post by mappam


Putting this in simple terms will take someone much better at understanding the depth of this report than I.

Pages 130-135 of the report are pretty interesting.

Oh man, this report is Christmas in July. Thanks for the link. I knew those two were working on it but I didn't realize it was finished.

It occurs to me that although this represents a noble goal, you can be sure that the truth was hidden from these two. Despite their position and seeming ability, it wouldn't be all that hard for the Fed to feed them whatever they wanted to, really.

Akso...there is a bit less fanfare than I would have hoped for in the media...oh well, that's par for the course, isn't it.

reply to post by silent thunder


There's more to come - hmmm, looks like October is going to be a busy month ...

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

Originally posted by Gutterpus
reply to post by Amaterasu

 

Boy I’m all for removing the need for money and thereby settling debts the old fashioned way – the barter system. I don’t see that happening in my lifetime though. As far as your links, I’ll have to spend some time on those and try to get a handle on what they’re all about.

No need for barter. Money developed to account for meaningful energy expended, being more convenient than furs or house planks, because Human energy was meaningfully expended and an exchange of energy products was expected..."I do this for You and You do that for Me" sort of thing.

With the addition of the energy from the plenum ("dark"/Zero Point/"vacuum"/Radiant/Orgone/... energy), and with the addition of robotics for all necessary work no One wants to do, Humans will not need to "tit for tat" exchange. Once the cost of energy (Human and external) is removed all down the line, it reaches a point where everything is free.

As for the science, check out My thread, linked in My sig, called "Who are 'They?'"

And spreading ideas such as this is surely the way to go. If enough people are consciously thinking/praying/meditating/hoping for another way, the tipping point will hopefully give in to those desires/wishes.

Although I appreciate the ideas of "positive thinking" and its effects on Now, I work very "down to earth" in My seeking solutions. By spreading these ideas to the tipping point, We will make it happen. That's the marvel of the tipping point.

A $16 trillion bailout financed by the U.S. taxpayer-
The entire world's GDP was $58.26 trillion (2009)Link
just to put that amount in perspective.

Over 36% of the world's GDP, created out of thin air.
Eventually, someone needs to pay the piper.

My pockets have been empty for years, how 'bout yours?

sanders is a poser

paul is the real deal.

just how much money has sanders taken from unions?

reply to post by Gutterpus


No Problem. took a bit to verify the link. I hope that "The Fed" is punished for this outrage. Something has got to change, but the plans that "they" have in store are not what the common man wants.

reply to post by Amaterasu


I read The Abundance Paradigm: media.abovetopsecret.com...

I liked it, it seemed more like it had lots of sex, which in my mind might distract from the message, but I agree that it has merit and I beleive we have the tech to live in that version now, but the Lizard Hearted just won't let us do it. We will get there, but it may not be within our lifetimes. Sad but a possibility. There are a lot more human hearted though, and we are getting fed up.

There will be a tipping point.

Originally posted by Gutterpus
Bernie Sanders along with Ron Paul have done something we've all been waiting for - an audit of the fed. I searched for this and didn't find it, so hopefully I'm not duplicating something.

It appears the Fed has given away trillions of dollars to foreign banks and corporations. So, what’s new? Except now, the cat is getting out of the bag.

This should cause some uncomfortable stirring among the elite. But of course we probably won't hear about it anywhere except for sites like ATS.

I haven’t read the whole 266 page report, and I really don’t have the brains to understand all of its implications, but I can’t imagine this is good news for Wallstreet.

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "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," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

sanders.senate.gov... 753-62060dcbb3c3

edit on 21-7-2011 by Gutterpus because: (no reason given)

edit on 21-7-2011 by Gutterpus because: (no reason given)

I beg to differ that this is "top-to-bottom" audit of the Fed as stated in the quoted text from Rep Sander's website.

Ron Paul's quest to audit the Fed. has a lengthy legislative history.

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself.

A handful of Fed-loving U.S. senators led by Chris Dodd rewrote the Senate version of the Financial Reform Bill to strip out Ron Paul’s Audit the Fed amendment and actually expand the Fed’s power over banks, lending and money. As Alan Grayson pointed out here, and Ron Paul commented on here, the Dodd bill completely eliminated legislation to audit the Federal Reserve, which already passed in the House.

Sen. Bernie Sanders (I-Vt.) introduced an amendment on the floor effectively adding the Grayson-Paul language to the Senate bill, but later changed his amendment under pressure by the Federal Reserve and the Obama administration. The altered Sanders amendment passed the Senate on May 11, 2010 by a unanimous 96-0 vote.

link

So, basically succumbing to pressure from the banks and a good deal of lobbying money, they took the teeth out of it.

On May 6, 2010 Bernie Sanders sold out to the bankers by modifying his amendment to the extent that it would allow the Fed to keep many of its activities secret. On May 11, 2010 the Sanders amendment passed the Senate by a unanimous 96-0 vote.

And, basically the report that has been released is a result of that legislation. While yielding several important revelations, it is certainly NOT a full audit of the Federal Reserve!

But, true to his character, Dr. Paul has not given up. He has reintroduced a bil to audit the Federal Reserve with the Federal Reserve Transparency Act (HR 459 & S 202).

This year, Audit the Fed is back with a vengeance. Reintroduced on 01/26/2011 as HR 459, Ron Paul’s bill to audit the Federal Reserve now has 162 co-sponsors, and the numbers keep growing! HR 459′s companion bill in the Senate, S 202, has already attracted 6 co-sponsors.

link

Visit the link if you would like to read the bill (short and simple) or see if your rep is a co-sponsor.

Just wanted to give y'all a heads up

Originally posted by Skada
reply to post by Gutterpus

 

No Problem. took a bit to verify the link. I hope that "The Fed" is punished for this outrage. Something has got to change, but the plans that "they" have in store are not what the common man wants.

reply to post by Amaterasu

 

I read The Abundance Paradigm: media.abovetopsecret.com...

I liked it, it seemed more like it had lots of sex, which in my mind might distract from the message, but I agree that it has merit and I beleive we have the tech to live in that version now, but the Lizard Hearted just won't let us do it. We will get there, but it may not be within our lifetimes. Sad but a possibility. There are a lot more human hearted though, and we are getting fed up.

There will be a tipping point.

Thank You for reading My work. [smile]

I disagree that it will take more than our lifetime. IF we spread the ideas to the tipping point, we can make it happen rapidly. That is why I am so adamant in trying to spread the ideas.

And yes... We have the tech now. I might recommend reading the piece I wrote called "Who are 'They?'" It is here:

www.abovetopsecret.com...

You will see why I know We have the tech Now.