damn straight...
Posted on 10/10/2012 7:17:58 PM PDT by Texas Fossil
This happened before Grayson voted out in 2011 but let me say this is one of the only times I like his questioning. Rep. Alan Grayson questions the FED inspector General where $9 Trillion dollars went… and Inspector General Elizabeth Coleman hasn’t a clue…Dunno whether to laugh or cry – I am still getting over the shock and have watched 4 times – LISTEN carefully to what she says – THEY HAVE NO JURISDICTION to investigate the fed!!! Only their programs?
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You must see the video to understand what this is about.
Like Slick Willie discussing the meaning of the word “is”. Only lawyers have that gall.
It’s TRILLION. The fed is long past dealing in billions. It wouldn’t even be a story if it was a measly 8 Billion - we spend that on food stamps in 6 weeks.
So where is this 8 Trillion - most likely keeping banks ‘solvent’ to make up for the real estate crash. The fed simply prints up the money, and uses it to buy WORTHLESS loan paper. If the feds weren’t doing that, the banks would long since be collapsed. After all, they’re in the hole for something like $100k per house (average) in California - roughly $1T. This money was simply ‘extracted’ as second loans and lines of credit. It will never be paid back.
Rope can be reused.
BUMP
Bump
I often wonder if the reason we don’t exploit our resources is because they’re being held as collateral for all the debt we owe.<<
Its been said before... http://concen.org/forum/showthread.php?tid=32450
http://www.newswithviews.com/brownfield/brownfield59.htm
I think they should be more concerned what we have planned for them. There day is coming. Just a matter of time.
If you stacked 1 dollar bills on top of each other until you got to a trillion, the stack would reach the Moon. 260,000 mile high stack - but who’s counting?
How much of that 8 Trillion went to Foreign Banks?
It appears that none of that money had a multiplier effect in our own economy.
Liquidity without loans? Except to Green Energy Scams that they knew would fail.
Brick wall still coming.
You are off by three orders of magnitude, it nine TRILLION dollars that went missing, not billion. That's more then half of our current national debt.
Regards,
GtG
Just look at what taxes and enviro regs have done to Cal and you can see the US in 2016 if the madness continues.
Hung by a "green, renewable resource". Deliciously ironic.
Why do we continue to pay taxes? Honestly-—WHY?
We ALL feel like we’re gonna be Gulag bound anyway if Bath-House Barry gets back in through fraud—why pay taxes to criminals?
If they were to burn $9 trillion in cash the cost of gold and oil would both go down.
8^) - from an old fart that has all sorts of failings, many of which I often deny.
Billionaires and Trillionaires.
Well... you remember the CASH FOR CLUNKERS program ?
All those cars, enngines filled with glass so they were useful ONLY as scrap metal?
We owed China a ton of money, but they didn't want our worthless 'script'. They wanted METAL. They needed METAL. They got METAL.
damn straight...
might's well of burned it as WE'LL never see it again... but i know what you mean
I am sure that some day in the next ten years or so, we will see that metal again. Delivered very quickly, via rocket power.
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