WHO IS KEEPING TRACK OF THE TRILLIONS?

[Admin]

WHO IS KEEPING TRACK OF THE TRILLIONS?

Alan Grayson questions the Inspector General of the Federal Reserve - 05/09/10

Start watching at the 3-minute mark.  The action begins soon after.  At issue is the accounting and oversight for $9 trillion in secret Fed bailouts of Wall Street banks, for which taxpayers are ultimately responsible to the tune of $32,000 for every man, woman and child in this country. 
Fed audit, anyone?


Source:
http://dailybail.com/home/there-are-no-words-to-describe-the-following-part-ii.html

[urleft]

Is it any wonder I am moving to Thailand?  What a bunch of losers. 

[Pee Nuu]

Have to wonder if there is really "trillions" in cold hard cash.

[Paddyram]

I thought Ireland was bad (and it is) but that was frightening.  Nobody keeping track of these huge numbers on a continual basis.  Roll on the next global financial meltdown.   

[lukey1979]

 
Fed audit, anyone?

Absolutely. Then line the basterds up and hose em down.

[lukey1979]

Have to wonder if there is really "trillions" in cold hard cash.

No theres not. Theres literally trillions in printed pieces of paper backed by NOTHING. Owed to a syndicate of families. Thats It in a nutshell.

[Dave the Dude]

I'd like to 'borrow' that nutshell !

Welcome to the forum Lucky Lukey

[Pee Nuu]

Yes Lukey, welcome.

[isanbirder]

If you or I owed more than we owned, we'd soon be declared bankrupt.  The USA owes far more than it owns, but it can't go bankrupt because it would take the rest of the world with it.

Moral:  if you are in debt, be in debt big bucks!

[Paddyram]

If you or I owed more than we owned, we'd soon be declared bankrupt.  The USA owes far more than it owns, but it can't go bankrupt because it would take the rest of the world with it.

Moral:  if you are in debt, be in debt big bucks!

Too right.  When you owe the bank thousands, they call you to court and take your house.  if you owe them millions, they take you to lunch and call you Sir.

[Pee Nuu]

The USA owes far more than it owns, but it can't go bankrupt because it would take the rest of the world with it.

Don't know if this old textbook adage would apply today. Less and less, the world is becoming {strongly} lesser dependent and relying on the fantasy that is the American economic infrastructure......