The Audit of the Fed

This article was recently sent to Cowboys, the link to the full article is here.


The article is titled: Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts. If anything,...anything at all is accurate about this article, then a full and complete audit needs to accomplished, and accomplished quickly before any additional damage is done. There just may be something to the fact that notable conservatives like Jim DeMint, Ron Paul and dishonest liberals like Sanders and Dennis Kucinich want the same thing.



"There are two ways to conquer and enslave a nation. One if by the sword. The other is by debt."
- John Adams (1735-1826), 2nd American President, quote written in 1826 before his death.

The article begins and ends with the below. but please go to the link above to read the entire one page article.

The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses will eventually plunder the world economy.

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011):

http://www.scribd.com/doc/60553686/GAO-Fed-Investigation


Source: http://www.gao.gov/products/GAO-11-696

Full PDF document on GAO server: http://www.gao.gov/new.items/d11696.pdf

Senator Sander’s Article:
http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

Gingrich's Immigration Plan

Republican presidential candidate Newt Gingrich is being bashed about by other conservatives who are accusing him of advocating amnesty for illegal immigrants after the comment's Newt made at the last debate in Washington, DC.

Gingrich faced harsh criticism after suggesting that some illegal immigrants with close ties to their community should not be deported. Gingrich's says "Several of my friends were explicitly distorting what I said, even though they knew better. So I think it takes a few days to clarify that in fact what they are saying isn't true."

Under Gingrich's plan for immigration reform, the federal government would establish a system of local boards to determine whether illegal immigrants could be permitted to remain in the United States based on their ties to the community. Gingrich's say's it's based on the World War II model of draft boards where the local community selected who would be drafted and who wound not. "It requires
trusting citizens rather than bureaucrats. It's a jury system for local communities."

Gingrich added that he thought that immigrants eligible to stay should have spent at least 25 years in the country, have close ties to a community and a family, but predicted that most would voluntarily leave. But Gingrich also said, at the debate, that the Republican party is the party of family, and (we) can't rip families apart who have been here for 25 years.

On the Gingrich's website, there is a plan that outlines several steps that would need to be taken before implementing the local board plan:

Secure the border by January 1, 2014;

Make it easier to deport people; set up a guest-worker program;

Streamline the visa process;

Make English the official language of government;

Promote immigration among high-skilled foreign workers (especially those with skills in math and science);

Punish employers who hire illegal immigrants;

Require immigrants to take a comprehensive test on American history;

Then set up the boards to determine who can stay and who should leave.

"I have a very clear position," Gingrich says,....... "I have not suggested amnesty for 11 million people.....I am for a path to legality for those people who's ties are so deeply into America and would truly be tragic to try and rip their family apart."

No matter what you think of Gingrich's plan or position, I think he is being honest and practical, as opposed to other conservatives' calls to find, detain then deport up to 25 million illegal aliens. Doing that is just not practical. What say you?

Obama's Godless Thanksgiving Day Speech

From an article titled "Obama Leaves God out of Thanksgiving Speech, Riles Critics"
by Joel Siegel of ABC News

Critics of President Obama felt little holiday cheer after the president did not thank God in his Thanksgiving-themed weekly Internet address. They immediately took to Twitter and the Internet to voice anger and disbelief.

"Holy cow! Is that one screwed up or what?" columnist Sherman Frederick of the Las Vegas Review-Journal wrote in a Thanksgiving-morning blog post, "Somebody ought to remind Obama (and his speechwriter) that when Americans sit down around a meal today and give thanks, they give thanks to God."

Over on the website of Fox News Radio, radio host Todd Starnes also took issue.

"His remarks were void of any religious references, although Thanksgiving is a holiday traditionally steeped in giving thanks and praise to God," Todd Starnes of Fox News Radio wrote.

"What a Turkey! Outrage as Obama Leaves God Out of His Thanksgiving Address." wrote the London Daily Mail on-line edition.

Ironically, the attacks on Obama came as the Republican White House hopefuls suspended their criticism of the president on Thursday in favor of a unified message of thanks to U.S. service members and their families.

To be fair: Three of the Republican presidential candidates – Mitt Romney, Newt Gingrich and Rick Santorum all issued Thanksgiving statements that omitted any references to God. Michele Bachmann, Herman Cain and Rick Perry mentioned God in their statements.

So why all the anti-Obama backlash on his failure to mention God in a Thanksgiving Day tradition started over 350 years ago? I don't mind Obama failing to mention God,......to have him do so would be like paying a prostitute to tell you she loves you. If you click on the link to the full story above, you see almost 34,000 comments. If the last 30 or so are any measurement of the rest, most of the people commenting are supportive of Obama's speech seeing the criticism as "unfair" or "political in nature" or "akin to pole vaulting over mouse turds".

Those commentators must be among the 15% of the American population who believe that WWF wrestling is real or the 50% who voted for Obama in the first place....... BTW - Hows that Hope and Change working out for you?

The reason that some of us are agitated about Obama omitting God in a traditional Thanksgiving Day speech is because it is the latest example in a long line of anti-American, anti-Christian gestures, comments, speeches, regulations, court opinions and political direction of this Administration. It is not only just a consistent pattern but gives even the most critical thinker an insight into the Obama philosophy. And Yes, frankly I think he is a Muslim.....a closet Muslim, but a Muslim nonetheless. Why else would he hate this Country?