The Greatest Theft in History
From Fighting in the Shade, via Coordinated Illumination:
During the last nine months 9 TRILLION dollars has been created out of thin air and disappeared into the labyrinthine maw of the Federal Reserve Bank of the United States. One would assume that the "owners" of this vast wealth (the taxpayers of the U.S.) would be entitled at the very least to know the identity of the beneficiaries and recipients of this largess. Such an assumption would be wrong! Dear reader, please take the five and one half minutes required to view the following video. By the way, the legislator posing the questions of the representative of the Federal Reserve is a Democrat, Alan Grayson.
The most astonishing part of the video begins at 1 minute 25 seconds:
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
What ! ! ! ? ?
Here's another video: Fed Vice Chair Donald Kohn testified before the Financial Services Committee, along with John Bovenzi of the FDIC. The Fed's balance sheet has expanded by $1.2 trillion from September 1, 2008 to January 13, 2009. Where did the money go? Kohn wouldn't say:
Audit the Fed, then end the Fed.
With our inattention and passivity, we have let the Bad People do this -- to our children, grandchildren, and future generations. As such, we should remember Mr. Zappa's wisdom:
"If your children ever find out how lame you really are, they're gonna murder you in your sleep."