Federal Reserve Cannot Account for $15 Trillion

[peaceandlove]

Federal Reserve Cannot Account for $15 Trillion

Let's see, one trillion is 67.9 miles high of $1000 dollar bills x 15 = 1018.5 miles of stacked $1000 dollar bills.

Posted by bobbyw24 on 06/14/09 2:26 PM

An estimated $15 trillion has disappeared from Wall Street over the last 18 months. In advance of 9/11, Defense Secretary Donald Rumsfeld admitted that the Department of Defense could not account for $2.3 trillion. Now, while people are preoccupied with pig flu, the Federal Reserve inspector general tacitly admits she cannot account for $9 trillion. If you had spent $1 million a day since the birth of Christ you will not have yet reached the $1 trillion mark and, counting one second at a time, it would take 31,710 years to reach 1 trillion. The point is that the $trillion figure is not even a real number in practical terms and indicates that our people and our nation are being looted.

By Julie Crawshaw

The Federal Reserve apparently can’t account for $9 trillion in off-balance sheet transactions.

When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about the trillions of dollars that have come and gone from the Fed’s expanded balance sheet, the IG didn’t know.

Is Anyone Minding the Store at the Federal Reserve?

Video (5:26): http://www.youtube.com/watch?v=PXlxB...layer_embedded

Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.

"I am shocked to find out that nobody at the Federal Reserve is keeping track of anything," Grayson says.

When Grayson asked Coleman if her agency had done any research into the decision not to save Lehman Brothers, which "sent shockwaves through the entire financial system," Coleman said it had not.

"What about the $1 trillion plus expansion of the Federal Reserve’s balance sheet since last September?" Grayson asked.

"We have different connotations," Coleman replied. "We’re actually conducting a fairly high-level review of the various lending facilities collectively."

Translation: Nobody at the Fed knows where the money went.

"Do you know what or who got the $1 trillion or more in the Fed’s expansion of its balance sheet," Grayson pressed.

"I do not know. We have not looked at this specific area at the particular point on that specific review," Coleman answered.

"What about the trillions of off-balance transactions since last September?" Grayson asked.

Coleman demurred again, saying the IG does not have jurisdiction to audit the Federal Reserve.

Grayson pointed out that it was the inspector general’s job to audit such spending and asked again if the office had done any investigation at all.

Coleman’s answer: Not enough yet to even respond. "We are not in a position to say if there are losses."

Grayson concluded, "I am shocked to find out that nobody at the Federal Reserve, including the inspector general, is keeping track of this."

Meanwhile, Federal Reserve Chairman Ben Bernanke says the bank is working on ways to rein in the massive balance sheet commitments.

"A majority of the members who made these projections just recently took two percent as being an appropriate number for inflation," Bernanke said May 11.

"Somewhere between 1-1/2 to 2 percent is basically the number that our committee has individually stated is the appropriate medium-term inflation rate.

"To achieve that we need to demonstrate that we will be able to exit from the balance sheet position that we currently have and have been working on this intensively," Bernanke said in response to questions after a speech to a conference organized by the Federal Reserve Bank of Atlanta.

Article: www.proliberty.com/observer/20090511.htm

SOURCE: http://www.campaignforliberty.com/blog.php?view=19963


Posted: 5/13/2009
Federal Reserve Cannot Account for $9 Trillion
http://projectavalon.net/forum/showt...count+trillion

[Steve_A]

hi peaceandlove,

This amount is huge compared to what the Pentagon couldn't account for and we all know what happened there....


Watch out, watch out wherever you are...

Best regards,

Steve

Originally Posted by peaceandlove

Federal Reserve Cannot Account for $15 Trillion

Let's see, one trillion is 67.9 miles high of $1000 dollar bills x 15 = 1018.5 miles of stacked $1000 dollar bills.

[oldpaganfreak]

are these tax-payer dollars, or trillions that have just been created out of nothing?

[Surial]

If you could create money out of thin air, it is easy to say you have lost it. Since it never really existed in the first place. Money is a concept of separation and control. Since we are not separate, then the illusion only gets more complicated. It is better to watch this old system collapse.

Someone knows exactly where that money is.

[Dantheman62]

Well that would fund about 5 years of Black Operations! Oh, and a lifetime supply of toilet paper for all government officials and their families! LOL

[Unified Serenity]

One Hundred Million

One Billion Dollars

ONE TRILLION DOLLARS!!!

Note those are double stacked pallets!

Now, lets see what they have lost and can't say where it is.....



Gee, it's just a wee bit of pocket change, what are we worried about? What's it take to really make us make some noise and demand this system be done away with, and bring to justice those who have abused us, the world's citizens for so long? What can we do?

[peaceandlove]

Karl doing what he does best ~ CRUNCHING NUMBERS!

Proud To Be American? You Should Be Ashamed

Karl Denninger Commentary
Monday, June 15. 2009

We have seen the largest looting operation in history perpetrated against The American People.

Over $5 trillion dollars in junk securities were marketed and sold. They had a real value of about $2 trillion dollars; the other $3 trillion, roughly, was pure fiction.

The banks created and sold these throughout the world, with the full knowledge and support of Congress, The Fed, and the banks themselves.

It was pure fraud.

Granting someone a "mortgage" based only on whether they can fog a mirror is proof positive of malfeasance, unless you disclose this fact to the buyers of these securities - a fact that was not disclosed until after the securities blew up.

Lenders, builders and others pressured appraisers to "hit the numbers" to support these fraudulent deals. Proof of that is found in the nearly-10-year-old Appraisers Petition bearing thousands of appraiser signatures.

That ratings were a "mistake", either real or intentional, is a matter of now-known historical fact.

Americans have sat on their butts through all of this, allowed their 401ks and IRAs to be trashed, their supposed "home values" to be pumped and then destroyed, and their hopes, dreams, employment and house have all vanished into the ether of fraud.

When this came to light the banks went to Congress, and supported by The Fed's intentional draining of liquidity to create an immediate "crisis", they got a $700 billion bailout bill passed - one that you, your children and grandchildren, will have to pay for.

The government then passed another near-trillion-dollar "stimulus" bill claimed to hold unemployment to 8%. It did not, because it was yet another "papering over" of the fraud, but that bill your children and grandchildren, along with you, will also pay.

Your savings accounts and CDs now yield an effective zero.

Your credit card interest rates have gone from 11% to 29%, all so that the banks can keep granting ill-advised credit to people who can't pay. Those who can pay - the rest of you - are being jacked for 30% a year in interest.

We have seen a few "tea parties" in which a few people showed up and which were immediately panned by "those in power" as "astroturf."

Contrast with this.

A few days ago, Iran held an election. It is alleged that there was massive fraud. The current President claimed victory under less-than-clear circumstances.

The people said "hell no!" in this sort of demonstration:



That's about 2 million people, out of 70 million population (roughly), or one in thirty-five Iranians in the entire nation who took to the streets to demand justice in a simple vote.

More strikingly, Tehran has a population of roughly 12 million; this means that one in six citizens of the city are standing in that crowd.

This, despite the fact that the government there has been shooting people, has arrested the opposition party and issued an order to burn the ballots so there can be no recount.

This, despite the fact that the Iranian population does not enjoy a Second Amendment, and thus is forced to fight a rogue government with makeshift molotov cocktails, rocks and clubs, should that rogue government choose to shoot.

And this was about an election. A President. One man.

In our nation we have literally had 1/3rd of our GDP - that is, 1/3rd of everything you worked for last year - stolen by a bunch of fraudsters with the explicit cooperation and assistance of the government.

We should be seeing 10 million Americans literally closing Washington DC with peaceful protest in the streets - making the entirety of the downtown inaccessible to vehicles and the normal conduct of business impossible, were Americans to display the same sort of anger over an insult vastly more serious than that served upon the Iranian people.

If one in six Americans had enough in America's big cities, there would be one million people in the Streets of Chicago - enough to fill Chicago's Loop from Lake Michigan to I-90/94 and from The Chicago River to beyond Soldier Field, rendering the city core impassable. (Roughly double the crowd that shows up for the 4th of July Fireworks, to put it in perspective. "Greater Chicagoland" has a population of ~7 million)

The same in NY City would result in a crowd of 3.3 million people.

Where are you America?

In America, if the government turns into a goon squad, you have the constitutionally-protected ability to shoot back. In Iran you have no such ability as the Iranian government has never recognized the unalienable rights as set forth in our Declaration.

So in Iran the population risks mass death to protest.

In America the population risks loss of some income since you'd have to cut work.

The Iranians take to the streets; we take to our couches and have another beer.

Grow a pair of balls America.

The people of Iran are putting us to shame.

PS: Those threats appear not to have been idle either:

BREAKING NEWS: AP photographer sees pro-government militia fire at protesters, killing at least 1

SOURCE: http://market-ticker.denninger.net/a...e-Ashamed.html

[artvision]

"The Federal Reserve apparently can’t account for $9 trillion in off-balance sheet transactions."


Well, in this case they need a bit of help from outside, right? Something like an audit, would be fine and maybe help them to regain memory or find the lost money!

[Lorien]

If we ever actually audited the fed, and saw all of the **** that they have done over the past decades, people would want to hang every one of them, and burn their buildings to the ground. So I say lets do it!

[peaceandlove]

Originally Posted by Steve_A

hi peaceandlove,

This amount is huge compared to what the Pentagon couldn't account for and we all know what happened there....

YouTube - Rumsfeld 2.3 Trillion Dollars missing Pentagon 1 DAY b4/9-11

Watch out, watch out wherever you are...

Best regards,

Steve

Blessings Steve,

DEJA VU Didn't we just go through this on another thread?

Some days I just don't feel like getting up!

Good advice, will keep a watch out!

Respectfully,

PaL

ILLUMINATE the ILLUMINATI

[orthodoxymoron]

ILLUMINATE the ILLUMINATI. I like that! Just keep poking, asking, shining, digging, etc...and the awful truth will emerge...but it may be more upsetting than we can imagine. Ignorance is bliss...but it can destroy you. We need to do a complete house-cleaning of Planet Earth.

Tip O'neil used to test the microphone by saying 'Testing...One Billion, Two Billion, Three Billion!'

[peaceandlove]

Originally Posted by orthodoxymoron

ILLUMINATE the ILLUMINATI. I like that! Just keep poking, asking, shining, digging, etc...and the awful truth will emerge...but it may be more upsetting than we can imagine. Ignorance is bliss...but it can destroy you. We need to do a complete house-cleaning of Planet Earth.

Tip O'neil used to test the microphone by saying 'Testing...One Billion, Two Billion, Three Billion!'

Blessings Orthodoxymoron,

Thanks, I was thinking of the Alex Collier transcript when Vissaeus speaks of degenerated societies I posted some time ago here:
Alex Collier Contactee ... Message from the Andromedans http://projectavalon.net/forum/showthread.php?t=4507

You likely agree that the Illuminati = degenerated society?

(When I first transcribed this I thought he said eliminate and now, listening to it again recently, I think he said illuminate...minute 6:18 of 4/7)

Excerpt:

Vissaeus continues:
"The most necessary action for all of your Terraview races who are aware is to do whatever you are capable of to illuminate your degenerated societies."

"Consciousness is your scale, it always provides balance, which does not ever fail. It speaks to those who listen and tells them what to do and what not to do. Not to one or all beings who choose to be evolved. The administrators of your government are responsible for professional order, but not your moral codes of order."

"The key to your happiness Terrans is in the hands of your own consciousness. We have perceived that you Terrans have arranged your lives not according to yourselves, but according to others."

"Your disappointments are due to this fact. This kind of conduct of yours is what is limiting your races. Each one of you is a free soul, a free consciousness. No one is the servant or slave of anyone else. Though the hidden ones will trick you to believe otherwise. Mutual respect is imperative for a healed planet and race. Our help is being extended to you if you so want it . Because of your genetic lineages to our races we would like to be there with you during your difficult times. Today your planet and your race destroys itself in ignorance."

"The goal is to recover the genuine human beings lost deep within yourselves."

"And try to always be at one with yourself."

PEACE OUT,

PaL

[orthodoxymoron]

I like thinking about our current problems from the perspective of the spaceship Alex Collier claims to have been aboard. I especially like what Alex said regarding Responsibility, World Government, Freedom, the Constitution and Bill of Rights. I don't know if I believe everything he said...and he did get some prophecies wrong...but the overall picture he presents makes a lot of sense to me. Please re-listen to his lectures and interviews. I'm going to do this over the next few days. The Fed knows exactly where the money is...but they can't tell us the truth without opening dozens of cans of worms. I think that there are some very, very frightened people in high(and low) places right about now. Beware of cornered animals, international bankers, fascists, aliens, etc. Somehow...we need to make it easy for the bad-guys to fess-up...and become good-guys...and disarm this time-bomb...without blowing up the world.