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Author Topic: The Federal Reserve Can Not Account for $9 Trillion  (Read 711 times)

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Offline no fear

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The Federal Reserve Can Not Account for $9 Trillion
« on: August 17, 2009, 04:57:18 AM »
The Federal Reserve Can Not Account for $9 Trillion in Off-Balance Sheet Transactions?

This video is a must watch for anyone who wants to understand just how "effective" the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed's expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed's $2 trillion portfolio really are.

As for the pittance of $9 trillion in Fed off-balance sheet transactions over the past 8 months, well, yeah, that's also somewhere out there... Just don't ask the Federal Reserve where.

Rep. Alan Grayson summarizes it best: "I am shocked to find out that nobody at the Federal Reserve is keeping track of anything."

(P.S. Zero Hedge uses the term "anyone" generically, with the presumption that the Fed's Inspector General should traditionally receive most memos on memorandum items that deal with a dollar sign and +/- 12 zeros after it).

Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?
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Offline dcdaveclarke

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #1 on: August 17, 2009, 05:13:15 AM »
I got a natural high looking at that! Shes a fucking liar and the chick behind her yuk! the nerve of her to say she dosent keep track of something as big as this! >:( $30,000 dollars for every man woman an child of the good oL USA! Jesus! she should be locked up with the rest of her gang, because that's what they are a criminal Gang! >:(
PS and they had 8 months to look into it, and she looked as if she dident no what the big deal is! :-X
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Evo

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #2 on: August 17, 2009, 03:24:30 PM »
she's pretty hott
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Offline dcdaveclarke

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #3 on: August 17, 2009, 03:29:53 PM »
Quote from: Evo on August 17, 2009, 03:24:30 PM
she's pretty hott
Yea man! hott around the collar more like it! >:( :o
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Offline Lilly

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #4 on: August 17, 2009, 05:59:52 PM »
most prob used it for toilet roll IT IS ONLY PAPER AFTER ALL   ::)
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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #5 on: August 17, 2009, 06:13:00 PM »
those feds must be getting lotsa gray hairs lately  ;)
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Offline dcdaveclarke

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #6 on: August 17, 2009, 06:27:02 PM »
Quote from: tarn6767 on August 17, 2009, 05:59:52 PM
most prob used it for toilet roll IT IS ONLY PAPER AFTER ALL   ::)
When was the last time you wiped your arse with a 20dollar bill! lol :o mind you in Germany in the 30tees inflation was so high it cost a million marks to by a lofe of bread! and a toliet rool dont ask! :o


After thought ;D were are yea surpossed to get a million bucks to by a loaf of bread or a loo rool for that mater! ::)
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Offline Lilly

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #7 on: August 19, 2009, 04:48:05 PM »
Quote from: dcdaveclarke on August 19, 2009, 09:35:03 AM
After thought ;D were are yea surpossed to get a million bucks to by a loaf of bread or a loo rool for that mater! ::)

c,mon dc i thought you were smarter than that you PAY FOR THE BREAD WITH THE LOO ROLL
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Offline dcdaveclarke

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #8 on: August 19, 2009, 04:52:12 PM »
Quote from: tarn6767 link=topic=5092.msg 25961#msg 25961 date=1250718485
Quote from: dcdaveclark link=topic=5092.msg 25835#msg 25835 date=1250692503
After thought ;D were are yea supposed to get a million bucks to by a loaf of bread or a loo roll for that mater! ::)

c,mon dc i thought you were smarter than that you PAY FOR THE BREAD WITH THE LOO ROLL
Thats what we will probably do! go back to bartering! 8)
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Our society is run by insane people for insane objectives. I think we're being run by maniacs for maniacal ends and I think I'm liable to be put away as insane for expressing that. That's what's insane about

Online CSIWEMBLEY

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Re: The Federal Reserve Can Not Account for $9 Trillion
« Reply #9 on: August 20, 2009, 09:17:35 AM »
If, as has been stated, the Federal Reserve is answerable to no one? ... then what does it matter?

This is a misdirection, IMO :-\ turning folks away from the really important matters!

remember, we know that .... everything SYSTEM = everything is a SCAM! >:(
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