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A while back I read where the FED had handed out some $16.2Trillion to banks around the world, but of course did not have any record as to who or how much each received.
Now they are talking about handing out more to foreign banks in order to help "stabilize' those economies.
First, if the FED is in fact under the control of our Congress why isn't that $16.2 Trillion known? Why did it take an internal audit as ordered by the likes of Ron Paul and Bernie Sanders to uncover that? Why were they not aware of that expenditure prior to it taking place?
Second, who is giving the FED the authority to "bail out' these foreign banks at this time?
Third, at what interest rate are these "bail outs' being given? Who receives the interest? The last time the FED gave money away to banks it was at zero interest. Those banks then turned around and bought US Treasury Bonds which paid them 3%. We, the taxpayer, give the banks who are already charging us up to 30% on money they receive out of thin air, and now we pay them an additional 3% on money they receive out of thin air.
Fourth, as a "private bank' what does the FED pay in taxes?
From all information regarding the FED it appears they have been given carte blanche on when to print money, how much money to print, and to whom the money shall be given, yet there has been no concern by members of Congress into any of these matters. When are we, the people, going to demand these people abide by the Constitution? They have all been derelict in their duties in overseeing our money. The private bank, the FED, has been profiting in their ability to function at will without any oversight.
Now they are taking it upon themselves to subsidize foreign banks while our government's treasury is leaking. Instead of taking control of our own, we are set on stripping more from average Americans, namely the poor, the elderly, and the sickly.
Ours remains the "Land of the Free" as we continue to give free money to the already wealthy.
