<p><strong><strong>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.</strong></strong></p>
<p>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. <strong><strong>Ben Bernanke, Alan Greenspan, and various other bankers   vehemently opposed the audit and lied to Congress about the effects an audit   would have on markets.</strong></strong> Nevertheless, the results of the first audit in   the Federal Reserve's nearly 100   year history were   posted on <a href="http://sanders.senate.gov/newsroom/news/?id=9E2A4EA8-6E73-4BE2-A753-62060DCBB3C3">Senator Sander's   webpage</a> earlier this morning. <strong><strong>What was revealed in the audit was   startling: </strong></strong><strong><strong>$16,000,000,000,000.00   (TRILLION) had been secretly given out to US banks and corporations and foreign   banks everywhere   from France to Scotland</strong></strong><strong><strong>.</strong></strong> 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. <strong><strong>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   -</strong></strong><strong><strong> 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.</strong></strong> <br /> <br /> 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.<br /> <br /> 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.<br /> <br /> 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.<em><em> </em></em>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 can be stopped with five   dollars worth of bullets. <br /> <strong><strong><em><br /> </em></strong></strong> Regardless of whether this money is fiat   money (money printed with nothing of value to back it), if it is a currency   forced on society and the world, with enforcement by the Fed, IRS, the U.S.   military, et al, --which it is-- the acts of the Federal Reserve are, in   essence, the transfer of greater wealth to the rich insider banks and   corporations, while the rest of the world grows poorer, and as the value of this   funny money grows less and less in purchasing   power.   These insider banks, etc., then, exchange   this funny money for gold and silver, the real wealth of the world, which, then,   reinflates the world with more and more devaluing federal reserve notes. This,   then, creates hyper-inflation, increasing the cost of all resources and   commodities, while gold and silver climb to never-seen-before levels of   value. <br /> <br /> This is how the Federal Reserve insiders   steal the wealth of the world and why the rich get richer while the poor get   poorer. It's the world's largest Ponzi scheme! The Federal Reserve is nothing   but a front for a small group of families who run a very large and successful   white collar criminal Ponzi scheme. This criminal institution should be seized   by the U.S. Treasury department and all assets frozen, and   returned to the coffers of the U.S. Treasury in order to settle   the U.S. debt and help begin to balance   the U.S. deficit.   All banks (listed below) should be forced   to return the money received by the Federal Reserve. All families in ownership   of the Fed and their agents should be located, caught, tried and jailed for   grand larceny and treason against the people of   the U.S.A. All government agents who protect and   help facilitate this criminal organization should be fired from the positions   and similarly tried and jailed for grand larceny and treason. Meanwhile,   Congress should return our country to its original monetary system   (Lincoln greenbacks backed by precious metals) and, again, do   its <span style="text-decoration: underline;">duty</span> to regulate the coining of the currency   of America as per   the U.S.Constitution.</p>
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<h3>The list of   institutions that received the most money from the Federal   Reserve can be found on page   131 of the <a href="http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf"><span style="color: #135cae;"><strong>GAO   Audit</strong></span></a> and are as follows..<span style="color: #333333; font-family: Tahoma, Helvetica, Arial, sans-serif; font-weight: normal; font-size: 12px;"> </span></h3>
<p><br /> Citigroup: <strong><strong>$2.5   trillion</strong></strong> ($2,500,000,000,000) <br /> Morgan   Stanley: <strong><strong>$2.04 trillion</strong></strong> ($2,040,000,000,000)<br /> Merrill   Lynch: <strong><strong>$1.949 trillion</strong></strong> ($1,949,000,000,000)<br /> Bank   of America: <strong><strong>$1.344   trillion</strong></strong> ($1,344,000,000,000)<br /> Barclays PLC (United   Kingdom): <strong><strong>$868 billion</strong></strong> ($868,000,000,000)<br /> Bear   Sterns: <strong><strong>$853 billion</strong></strong> ($853,000,000,000)<br /> Goldman   Sachs:<strong><strong> $814 billion</strong></strong> ($814,000,000,000)<br /> Royal Bank of <span id="yiv497719292lw_1311860795_0">Scotland</span> (UK):<strong><strong> $541 billion</strong></strong> ($541,000,000,000)<br /> JP Morgan   Chase: <strong><strong>$391 billion</strong></strong> ($391,000,000,000)<br /> Deutsche Bank   (Germany): <strong><strong>$354   billion</strong></strong> ($354,000,000,000)<br /> UBS   (Switzerland): <strong><strong>$287   billion</strong></strong> ($287,000,000,000)<br /> Credit Suisse   (Switzerland): <strong><strong>$262   billion</strong></strong> ($262,000,000,000)<br /> Lehman Brothers: <strong><strong>$183   billion</strong></strong> ($183,000,000,000)<br /> Bank of Scotland (United   Kingdom):<strong><strong> $181 billion</strong></strong> ($181,000,000,000)<br /> BNP   Paribas (France): <strong><strong>$175   billion</strong></strong> ($175,000,000,000)                                                                                                                                                                                                                              <br /><br /></p>
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<h3>Here are the links to the GAO Audit of the   Federal Reserve:                                                   by way of Bernie Sanders (imagine   that!)</h3>
<p><br /> <a href="http://sanders.senate.gov/newsroom/news/?id=9E2A4EA8-6E73-4BE2-A753-62060DCBB3C3" target="_blank" title="http://sanders.senate.gov/newsroom/news/?id=9E2A4EA8-6E73-4BE2-A753-62060DCBB3C3" rel="nofollow"><span id="yiv497719292lw_1311860795_1">http://sanders.senate.gov/newsroom/news/?id=9E2A4EA8-6E73-4BE2-A753-62060DCBB3C3</span></a> <br /> <a href="http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf" target="_blank" title="http://sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf" rel="nofollow"><span id="yiv497719292lw_1311860795_2">http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf</span></a> <br /><br /> This certainly did NOT make the evening   news.</p>
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