Federal Reserve Cannot Account for $9 Trillion

Video: Federal Reserve Cannot Account for $9 Trillion

Tuesday, May 12, 2009 12:30 PM

By: Julie Crawshaw Article Font Size

Quote :

The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.


When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know.


Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.


"I am shocked to find out that nobody at the Federal Reserve is keeping track of anything," Grayson says.


Grayson asked Coleman if her agency had done any research into the decision not to save Lehman Brothers, which “sent shockwaves through the entire financial system,” Coleman said it had not.


“What about the $1 trillion plus expansion of the Federal reserve’s balance sheet since last September?” Grayson asked.


“We have different connotations,” Coleman replied. “We’re actually conducting a fairly high-level review of the various lending facilities collectively.”


Translation: Nobody at the Fed knows where the money went.

http://moneynews.newsmax.com/financenews/feds_lost_nine_trillion/2009/05/12/213463.html





Should this really surprise any of us. The fox is guarding the hen house. The whole thing was a scam from the beginning.

$30,000 for every man woman and child in the US, plus interest. Some people don't look at themselves as slaves......Ya ok!

Hope their stocks are doing well....they are going to need some money to pay their increase in taxes.

micjer wrote:

$30,000 for every man woman and child in the US, plus interest. Some people don't look at themselves as slaves......Ya ok!

Hope their stocks are doing well....they are going to need some money to pay their increase in taxes.

Well here is the thing everyone is missing...

WHERE is this money coming from in the first place in order for it to BE unaccounted for?

Last Year Bush LOWERED income tax and gave rebates...

2006
Make the Bush Tax Cuts Permanent
http://www.heritage.org/research/taxes/wm956.cfm

Jan. 24, 2008

With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.

Rebates would be even higher for families with children.
http://www.msnbc.msn.com/id/22782454/


Now they say its 9 trillion missing for 2009... 30,000 per person...

I know many people in high income brackets and not one of them pays anywhere near that much tax. Most well off people have all the tax deductions possible...

So where is the money coming from? Not from taxes...

And this is nothing new... problem is most people have a long term memory block...


September 10th 2001

Pentagon admits $2.3 Trillion missing and Rumsfeld calls it a matter of "life and death."
You all know what happened the next day... Bush asks for 48 Billion more.



2006

3 Trillion missing...

Congresswoman Cynthia McKinney grills Defense Secretary Donald Rumsfeld on the Pentagon's missing trillions, DynCorp's slave trade, and the 9/11 wargames. House Hearing on FY06 Dept. of Defense Budget





Fiscal Year 1999 2.3 trillion
Fiscal Year 2000 1.1 trillion
Fiscal Year 2001 2.5 trillion
Fiscal Year 2006 3 trillion
Fiscal Year 2009 9 trillion

Seems an annual event... yet every year its a new shock... yet NO ONE is concerned enough to do something...

WHY?

WHERE is the money coming from?

Where does it go? Why that is easy... to off world black ops space projects that I have been showing people for years... but meh... who takes my word for anything huh?

Now think logically for a moment. How can they generate this much money (9 trillion) in a year when there are tax breaks, tax REBATES up to 1,200 per person and in an economy where many companies are going bankrupt and people now jobless?

Think about it...

This is a warning for another false flag operation

This whole thing is just make believe. If it were real, the amount of money that has been supposedly created would have put the country into hyperinflation and the value of the dollar should be .1% of the current value. Remember Zimbabwe?



http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/3453540/Zimbabwe-hyperinflation-will-set-world-record-within-six-weeks.html

Quote :

Zimbabwe hyperinflation 'will set world record within six weeks'

Inflation levels in Zimbabwe are running at 13.2 billion per cent a month and could reach an all-time world record within weeks.