NEVER TOLERATE TYRANNY!....Conservative voices from the GRASSROOTS.
He and Bernie Sanders are responsible for the FIRST EVER audit of the Federal Reserve Banking Sysytem.
As President, Ron Paul would be in position to change the routines of the Federal Reserve Bank and bring it under control or abolish it altogether.
Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the right), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.
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.
To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is "only" $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is "only" $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.
In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.
"This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else." - Bernie Sanders (I-VT)
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.
Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and supercorporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy.
The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..
Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
View the 266-page GAO audit of the Federal Reserve(July 21st, 2011): http://www.scribd.com/doc/60553686/GAO-Fed-Investigation
FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf
Senator Sander’s Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753...
Ron Paul would be our choice, if he agrees to restore the Constitution; and get These United States Of America out of the United Nations!
There used to be those times when party affiliation meant something.
The Republican Party has been fragmented and NOT of one position for many years. Boehner and McConnell have NOT had the conservative constitution directed voting record since the 2010 election landslide. In fact the new legislators and TEA PARTY members that were voted in have been rebuffed for carrying the message from We the People many times.
So breaking with the Republican Party is NO LONGER a strike against any particular legislator, in fact it's exactly what We the People WANT on some issues.
Each of us can list dozens of pieces of legislation that brought us to the edge of economic disaster that we are facing today . . . . . the last "debt ceiling" vote is the one that gnaws at my innards.The Republicans helped pass it! We have supposedly "conservative" legislators who consistently vote with the democrats. We label them RINOS (Republicans In Name Only). What a political trick coming from supposed conservatives. Arlen Spector comes to mind. What a slimy, no good, political bastard he was/is. I STILL wake up each morning and pass gas to that SOB.
Ron Paul was (correct) teaming with Bernie Sanders to get the FED audited.
@ Wesley- Yes, Sanders is a socialist. That doesn't make him wrong in wanting to audit the fed. Without our last "mini" audit (never has been a full one) we would not know that billions of "our" tax dollars were used to bail out foreign banks. So, I don't care what party he's in, in this matter. He's right on this subject.
Also, note that Goldman Sachs is Romney's top contributor (as they were Obama's in the past)
Lastly, while this is a MAJOR issue, I would have to say that ending the wars and the power of the MIC to suck the lifeblood and money out of America is right there on top with it.
Ron Paul has consistently voted on principle not party presupposition, thus he has and would join "enemies" on a given issue when the vote will advance the cause of constitutionalism. In this respect he demonstrates ability to think strategically. Consider this when appraising his foreign policy. He does know how to think strategically and does know how to attack when he and WE have the constitution at our back!
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