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Analyst's note:  Thought you'd like to know.  Those involved with the Federal Reserve will ultimately be held accountable to the American people for massive theft and the destruction of this great nation.  Nothing less than our personal and national security have placed in great peril.  May I recommend an internal site search on the terms "Federal Reserve" and "Jekyll" to help in understanding the issues and how it all works.

 

 

"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," Sanders said in a statement. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else." – Washington Post

Dominant Social Theme: Simply a glitch. The US$16 trillion was issued in good faith by the stewards of the democracy. They were saving the "system." What, you didn't get any of it? Maybe next time ...

Free-Market Analysis: With nary a ripple in the mainstream press, the US Government Accountability Office has released an "audit" of the Federal Reserve loan program in 2008 that, according to the Washington Post (see above excerpt) highlights possible conflicts of interest in the issuance of some US$16 trillion. We would bet it's more than that.

The GAO found two things wrong with the "bailout." First of all there were conflicts of interest; second, in making the determination that an emergency bailout was called for, the Fed's leaders imputed powers that probably were not really there. They acted like an entirely private enterprise even though they clearly are not.

[....] Google, by the way, is continually fiddling with its news presentation and reducing in scope and size the presentation of alternative news. Even five years ago, Google made available a queue of articles from a variety of sources. But today, Google's front page news queue carefully presents mainstream sources first and makes alternative news sources difficult to find. This obfuscation is carried out within the guise of readership service and technology upgrades.

[....] Friday is the day to release bad news; Monday, when people's attention spans are refreshed, is the time to release news of consequence. The GAO controls its own news flow. The coverage was surely no accident. In these matters, nothing is. The Washington Post and numerous other mainstream publications – the ones that did cover it – reported on the GAO release from the standpoint of conflict-of interest. But this is not the story. The real story is that a handful of people – already very wealthy – received US$16 trillion while everyone else did not.

Invariably this impossible bailout (it is not possible to conceive of US$16 trillion – which doesn't even include the additional trillions of QE 1 and 2) is cast as a necessary piece of bad business. But it fails to address the reality of what has actually occurred.

Two things have happened: First, people have been made aware as never before of the essential unfairness (not a strong enough word) of the system; second, the massiveness of the bailout (handout) shows clearly that the system itself is finished. The last time something of this magnitude occurred was during the Great Depression and it took a World War to reconfigure and reassert elite control.

Absent another world war (which is impossible because of nuclear devices) nothing is going to bring it back. The price distortions are so great, thanks to the directed money printing, that it cannot unwind. In fact, around the world, central banks are busily printing money for the very elite power nexuses (banks and financial institutions) that need to fail. Those in charge of the money printing will not let them fail. This means the unemployment and misery will continue to grow.

The whole system is insane. It is beyond salvage. Those in power will make the argument that they are "saving" the system; in fact they are the very ones who have destroyed it. Not talking about the ramifications will not make the fundamental issues go away.

Conclusion: What has been revealed will not be forgotten; gangrenous resentment will continue to grow and spread, eating away at people's willingness to participate in the system as the Internet Reformation rolls on. The elites have no answer except to ignore the larger issue; and thus the dénouement to this sorry saga has yet to be written."

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