Visualizing What $1.2 Trillion In Secret Fed Bailouts To The Banking Kleptocracy Looks Like

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Zero Hedge
Aug 22, 2011

While Bloomberg has done a tremendous job of digging through 29,346 pages of FOIA data, its discovery is not at all surprising: that Wall Street’s (not to mention the rest of the world’s) biggest banks received a total of $1.2 trillion in previously secret Fed loans, in addition to the trillions in public backstops and loans from the US Treasury.

As a reminder, “denominated in $1 bills, the $1.2 trillion would fill 539 Olympic-size swimming pools.” The best summary of this ongoing collusion between the Fed and Wall Street, in which it once again for the nth time becomes clear that all the Fed cars about is making sure its banking masters are never impaired, is from the article itself: “Even as the firms asserted in news releases or earnings calls that they had ample cash, they drew Fed funding in secret, avoiding the stigma of weakness.”

And there you have it: everything that comes out of Wall Street is and has always been a lie: either courtesy of 30 years of great interest rate moderation, in which only cheap money adds to banks’ top and bottom lines, or due to the Fed making sure the same banks never suffer a dollar loss when central planning fails, such as it does increasingly often lately (and forget about 10(b)-5 violation charges coming from the corrupt regulators: after all they are all in bed together).

That Morgan Stanley, Dexia and Citi are, and have been since 2008, dead men walking, is by now known to all financially literate readers: additional confirmation can be found in the Bloomberg article, which we won’t paraphrase because it has all been said over and over. That said, Bloomberg has done a great visual interactive chart summary of who got what, when, how much, over peak and average metrics and so forth. We urge readers to play around with it (don’t worry, it won’t break the banks; and if it does the Fed will secretly bail them out again) and every time they consider putting money into our “solvent” financial system.

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5 Responses to “Visualizing What $1.2 Trillion In Secret Fed Bailouts To The Banking Kleptocracy Looks Like”

  1. yes these scumfucks have collected more welfare money from the people than any other sorce ever …..just disgusting …..proping up the most disgusting people on earth is totaly insane and a crime against the people of america …its horrible to live where these scumfuck moneychanger war mongers are totaly unaccountable through the puppet gov in place in DC ….disgusting

    Spymyeys Reply:
    August 22nd, 2011 at 6:34 am

    @frontline,

    WOW! You hit the nail right on the head!
    Handing out worthless paper to worthless people, that’s the Amerikkan way now, and has been for my entire life.

    I see so many examples of people that scam the system so they never have to work it is truely sad what our country has been dumbed down to.

    See what no moral, no values, no honesty, no work ethic, no pride, and no self respect will get you?

    It will get you a free ride on welfare for life if you keep spitting out babies you never intend to raise. And, if by some miracle you don’t get welfare, then there are a host of other gubbermint agencies that will pay your bills for you.
    Just so poor little you don’t have to work. Stay home, watch Oprah, eat your junkfood, and you will be a perfect little gubbermint shill, just the way they want you to be.

    After all, the biggest threat to most amerikkans today is that Uncle Sugar will cut off your benefits!

  2. The reason we need to end “the Fed”(1) is:
    • NOT that they broker loans from the US government to their buddies.
    • BUT because they create US currency out of thin air.
    If we “end the Fed” and replace it with another private outfit that doesn’t broker loans from the US government to their buddies, but still creates US currency out of thin air, it will not solve our main problem. The government will still have to put new currency into circulation by printing interest-bearing bonds and pledging them as security on loans from a private issuer of currency, and the national debt will keep on growing for nothing of value in return.

    FOOTNOTE:
    (1)”The Fed” means the owners of a group 12 Private Banks and group organization, who have sole right to create all non-coin currency in the United States. They call themselves “The Fed” so the public will think they are part of the US Federal Government, which they are not. They are a parasite within the Federal government, and disguise is the most important survival tactic for a parasite.

    between_the_lines Reply:
    August 22nd, 2011 at 7:53 am

    BACKGROUND:
    Zero hedge is a blog run by a Jewish guy called Daniel K. Ivandjiiski who writes under the pseudonym “Tyler Durden” (Tyler Durden” was a character in the movie “Fight Club”). Ivandjiiski was disbarred from the Securities industry for insider trading in 2008 and now he makes a good living blowing smoke in the Goyim’s eyes(in the form of masses of verbage and irrelevant data), in order to disguise the financial parasite that infests the nation.

  3. The false idea that we need to end “the Fed” only to replace it with other private issuers of currency, is all over the pseudo-protest press. Ron Paul is a leading advocate of the idea.
    The idea is disinformation put out by the same people who now issue most of the world’s currencies. By this means they believe they can appease the American protest movement, and still end up owning the new outfits that issue private currency in America. So our debt to them will just continue to rise for nothing of value in return.

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