26 TRILLION DOLLARS OF FRAUD
Thanks to heroic efforts of Congressman Ron Paul, former Congressman Alan Grayson and Congressman Bernie Sanders to audit the Federal Reserve, we now know that the Federal Reserve secretly lent out 26 trillion dollars' worth of American money from 2007 to 2010 -- much of it to foreign banks.
Twenty. Six. TRILLION. Dollars.
This is a very difficult number to comprehend -- but we do now have a way to wrap our minds around it.
At his website usdebt.kleptocracy.us, Los Angeles-based 3D designer Oto Godfrey has created an incredibly powerful series of images to help us actually visualize this much money -- in stacks of 100-dollar bills.
Before you see it, try to stop for a minute and think what it will look like. How many stacks do you think there are? How big do you think they will be? I was quite surprised when I saw it for myself.
The website goes into more detail about each category -- so I recommend going there and checking it out, and supporting Oto Godfrey's amazing work.
WHAT DOES 26 TRILLION DOLLARS ACTUALLY LOOK LIKE?
Ten Thousand Dollars
One Million Dollars
One Hundred Million Dollars
One Billion Dollars
One Trillion Dollars
One Trillion Dollars
Fifteen Trillion Dollars
CONGRESSMAN GRAYSON SPELLS IT OUT
Fifteen trillion dollars -- or one year's worth of the US National Debt -- is a stack of money that is longer and wider than a football field... and over 2/3rds the height of the Statue of Liberty.
If you add another 11 Trillion to get our total of 26 Trillion, that same stack will now be taller than the Statue of Liberty.
This monstrous mass of paper would look as if a gigantic Borg Cube had completely invaded an entire football stadium -- past the ceiling.
Here is a small part of the letter where Congressman Alan Grayson reveals how he found this number, in the newly-audited Federal Reserve balance sheets, to John Hively -- “The World’s Most Accurate Economic Forecaster Since 1989”.
CONGRESSMAN GRAYSON: I wouldn’t want anyone to think that I’m dramatizing or amplifying what this GAO report says, so I’m just going to list some of my favorite parts, by page number.
Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each.
The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank.
Page 205 – Separate and apart from these “broad-based emergency program” loans were another $10,057,000,000,000 in “currency swaps.” In the “currency swaps,” the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries….
These currency swaps and the “broad-based emergency program” loans, together, totaled more than $26 trillion. That’s almost $100,000 for every man, woman, and child in America.
That’s an amount equal to more than seven years of federal spending — on the military, Social Security, Medicare, Medicaid, interest on the debt, and everything else. And around twice America’s total GNP….
If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can’t find a full-time job?
TWENTY SIX TRILLION DOLLARS? HOW CAN IT BE POSSIBLE?
Does this upset you? Or have you become so numb that you just want to click away and look at hot models – or read about celebrities? “I don’t want to hear this $#!+. My life is bad enough as it is.”
26 Trillion is a gigantic number. Seemingly unimaginable.
This is a documented, proven fact. Isn’t it strange that you’ve hardly heard anything about this in the mainstream media?
That should be your first clue. Knowledge is power. Instead of feeling sick, angry, paranoid, sad or depressed, be aware that once you know the truth, nothing can stop us.
There will be losses. David and Mackie Hutzler may be two of the most recent ones. However, once a "critical mass" of people possess sensitive information, there is simply no possible way to stop it from spreading.
Most people can’t even comprehend such a vast amount of money as 26 Trillion dollars in practical terms – but we’ll get to that.
The results of the audit were first published on the morning of July 21, 2011.
At first, the most obvious number that jumped out from the report was "only" 16 trillion. You have to add in the ten trillion in “currency swaps” to reach the full 26-trillion-dollar mark.
JUST HOW BIG IS IT?
Let's stick with the initial figure of 16 trillion for now, as there are very few articles on this subject – and most of them quote that number.
This next article from Unelected.org clearly reveals the scope of the outrage:
The results of the first audit in the Federal Reserve’s nearly 100-year history were posted on Senator Sanders’ webpage earlier this morning: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3
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 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.
PUTTING IT IN PERSPECTIVE
So how much could this figure of 16 trillion dollars have done if it were redirected into the United States economy, on behalf of the people -- rather than rewarding the banks and financial institutions who started all this mess in the first place?
Let's continue with the article from Unelected.org and find out:
To place $16 trillion into perspective, remember that the 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 it 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.
IT'S VERY DIFFICULT TO COMPREHEND THE DEPTH OF
The initial figure of 16 trillion that jumped out of the Federal Reserve audit is more money than all the goods and services produced by every single person in the United States -- for any given year.
It is greater than the entire amount of debt ever racked up by the United States in its 235-year history as well.
The 2010 Census estimated there are 114,825,428 households in the US. Sixteen trillion dollars in secret bailouts adds up to 139 thousand and 342 dollars per household.
The full figure of 26 trillion adds up to nearly a quarter million dollars per household – $226,430.68 to be exact.
When you put it in those terms, the full weight of the theft becomes nothing short of staggering.
Imagine if your family had a quarter million dollars saved -- and
then someone robbed you. What if the thief then told everyone what he did – but no one cared enough to do anything?
That’s what just happened to every single family in the United States of America.
Every single adult in the United States who was unemployed or on public assistance could have been given a job – so they can lead a happy, fulfilling and prosperous life – with plenty of money to spare.
A vast public works program could easily have been created to stimulate the economy – so that the money would become an investment, not a one-time gift.