Need Help to Verify this story!!!!!!!!!!!

Discussion in 'Politics' started by shintao, Jul 27, 2011.

  1. shintao

    shintao Take Down ~ Tap Out

    Aug 27, 2010
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    I will be busy today off line, and this came in a Canadian email from a con. Could someone verify this story & provide a URL before we jump the gun on it??? Thanks. The bill is one of Ron Pauls, but I didn't see any further information.

    The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit.

    What the audit revealed was incredible: between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments by giving them US$16,000,000,000,000.00 – that’s 16 TRILLION dollars.
    The GDP of the United States is $14.12 trillion, the entire national debt of the United States government spanning its 200 plus year history is $14.5 trillion. The budget that is being debated in Congress and the Senate is $3.5 trillion.

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