Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

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[GWConservative]

You haven’t read the book.

[Toddsterpatriot]

I did.
OMG, it was awful.

[Bellflower]

I question why there hasn't been any yelling and screaming about this.

Is it because a Republican, Bush, was just as guilty or maybe more so than Obama? Or maybe he is hardly as responsible but is made to look like it so that equal blame is spread around and Obama doesn't take the brunt of it. Or maybe both individuals were puppets of a master and both are equally culpable. Whatever happened we need to find out the breakdown of who was responsible for what and each party needs to be held accountable, whether Bush or Obama. When hands are in the pot from both parties things can get awfully hushed up in a hurry. This game has got to stop being played as it is far, far too expensive.

One can imagine the actual corruption involved and has to also wonder whose individual pockets from all of these organizations is filled with our money. Like the old song, "Where has all our money gone?".

[Bellflower]

How is money that the Fed loaned out, that has been repaid, with interest, add to the debt that taxpayers are "accountable for"?

I think that you may be confusing the loans that were made to USA banks and companies that have in part been paid back. This is different. These are secret loans to foreign banks etc. that apparently were made at 0% interest, and have not been paid back. These were loans made without our knowledge. Sure USA banks and companies are suppose to have paid back loans, it is the foreigners that don't have to worry about giving us trillions back. This Country almost always bends over way backwards for foreigners who don't pay our taxes. Nothing is too much to give to them.

[Toddsterpatriot]

I think that you may be confusing the loans that were made to USA banks and companies that have in part been paid back.

You mean TARP? Loans from the Treasury? The bank portion of which has been repaid at a profit to the Treasury?

This is different. These are secret loans to foreign banks etc

Secret? They were included in the Fed balance sheet which is released weekly.

that apparently were made at 0% interest

According to who?

and have not been paid back.

Except for this idiot, I've never seen that claim. You have a real source?

it is the foreigners that don't have to worry about giving us trillions back.

Us? Who do you think made these loans? How do you think they worked? Spell it out please.

[Arthur Wildfire! March]

Thank you for offering specificity here.

I just read on email [yeah, almost a year later] that tried to make it seem that we are out 16 trillion in unpaid debt to Europe, the assumption being tax money.

You said that the Fed creates trillions. Simply from interest despite defaults? Is that linked with quantitative easing? Or do they order the printing of money? I’m baffled by the Fed Reserve to be honest.

[Arthur Wildfire! March]

I received an email recently that mirrors this January report. I know that QE2 was related to a European bailout. They keep the loans secrect. You read a book about this? What’s the title/author?

[Toddsterpatriot]

that tried to make it seem that we are out 16 trillion in unpaid debt to Europe,

Nope.

the assumption being tax money.

No, the Fed creates money out of thin air, no need to take it from taxpayers.

You said that the Fed creates trillions. Simply from interest despite defaults?

Interest and defaults have nothing to do with it. Central banks can simply create money from thin air.

Is that linked with quantitative easing?

Yes, when the Fed creates money and uses it to buy bonds in huge quantities, that is quantitative easing.

Or do they order the printing of money?

Most of the money they created recently was electronic, no ink or paper needed.

[Arthur Wildfire! March]

Thank you for the info. So we now have QE3....