Federal Reserve ‘cannot account for’ yet another 9 trillion

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Yes, this is in addition to the 2.2 trillion from several months ago that Helicopter Ben defiantly refused to disclose the recipients of…

‘”My question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars?” Sanders asked, referring to the size of the Fed’s balance sheet.
…the central bank chairman replied, “No.”

Bernanke said the Fed’s lending programs were not gifts or subsidies but rather over-collateralized loans.

“We have never lost a penny doing it,” he said.’ [Reuters, March 3, 2009]

(he’s right, they did not lose a penny… they lost 9 fucking trillion dollars!!!)

… and also in addition to the now 12.8+ trillion “pledged” for TARP.

The consensus around here is that these trillions are going to be injected back into the system at a point which will not only do the most damage to the value of the currency, but which also will allow the greatest leverage (i.e. via exchange rates, purchasing of real assets) for the vicious criminal scumbags themselves.

What’s going on here is not just organized crime. This is industrialized crime.

There will be much more to come on this subject in the future, we are sure.

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