Bloomberg News and the New York Times have documented nearly $13 trillion dollars given or promised by the Federal Reserve and the government since the Lehman Brothers bankruptcy in September 2008.
While this $13 trillion includes TARP money and some recovery money, there is much more in a variety of Federal Reserve programs where we don't know which banks and corporations have gotten money and how much.
Because it is public money being spent, the public has a right to understand the specific details of where that money has been spent.
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This idea would help strengthen trust through visible accountability on where our tax dollars are going and how are they being used. It's time for the average person to be told not only how the money is being used but how and when benefits will filter down to the level where we live.
Because of the bailouts in trillions of new dollars being created the only thing that can possibly filter down to us is one massive round of inflation, hyper inflation. If or when they allow that created new money to filter down to us we are in serious trouble. The economy can only be as sound as our money, is money pulled out of thin air sound? Are those who have done this to us compentant. or incompetant?
Want to see the surplus money the US government and all states, local governments have? http://CAFR1.com and http://TaxRetirement.com
and support Campaign for Liberty
Surplus money: Google CAFR1 then you will see where the money is. also called The Biggest Game in Town.
Do a search in Google on "Government Wealth" then if you are inclined, support this man that has provided this great service for us that make up the USA. We need volunteers to audit their city, county, state, etc...
Federal Reserve? Or Private Reserve? Or Ponzi Scheme?
James A. Garfield: "Whoever controls the volume of money in any country is absolute master of all industry and commerce."
Frederic Bastiat: The Law "When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."
Thomas Jefferson to John Taylor, 1816 “I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”
John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 240 "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."
John Maynard Keynes: The Economic Consequences of the Peace, 1920, page 235ff "Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose."
Robert H. Hemphill, former credit manager, Federal Reserve Bank of Atlanta."This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defect remedied very soon."
Sir Josiah Stamp, former President, Bank of England: "Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."
Rt. Hon. Reginald McKenna, former Chancellor of Exchequer, England "Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people."
Wm. Jennings Bryan "Money power denounces, as public enemies, all who question its methods or throw light upon its crimes."
Andrew Jackson: To delegation of bankers discussing the Bank Renewal Bill, 1832 "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out