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The Wall Street Pentagon Papers: Biggest Scam In World History Exposed: Are The Federal Reserve’s Crimes Too Big To Comprehend?

What if the greatest scam ever perpetrated was blatantly exposed, and the US media didn’t cover it? Does that mean the scam could keep going? That’s what we are about to find out.

I understand the importance of the new WikiLeaks documents. However, we must not let them distract us from the new information the Federal Reserve was forced to release. Even if WikiLeaks reveals documents from inside a large American bank, as huge as that could be, it will most likely pale in comparison to what we just found out from the one-time peek we got into the inner-workings of the Federal Reserve. This is the Wall Street equivalent of the Pentagon Papers.

I’ve written many reports detailing the crimes of Wall Street during this crisis. The level of fraud, from top to bottom, has been staggering. The lack of accountability and the complete disregard for the rule of law have made me and many of my colleagues extremely cynical and jaded when it comes to new evidence to pile on top of the mountain that we have already gathered. But we must not let our cynicism cloud our vision on the details within this new information.

Just when I thought the banksters couldn’t possibly shock me anymore… they did.

We were finally granted the honor and privilege of finding out the specifics, a limited one-time Federal Reserve view, of a secret taxpayer funded “backdoor bailout” by a small group of unelected bankers. This data release reveals “emergency lending programs” that doled out $12.3 TRILLION in taxpayer money – $3.3 trillion in liquidity, $9 trillion in “other financial arrangements.”

Wait, what? Did you say $12.3 TRILLION tax dollars were thrown around in secrecy by unelected bankers… and Congress didn’t know any of the details?

Yes. The Founding Fathers are rolling over in their graves. The original copy of the Constitution spontaneously burst into flames. The ghost of Tom Paine went running, stark raving mad screaming through the halls of Congress.

The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England… To the Fed’s foreign primary dealers like Credit Suisse (Switzerland), Deutsche Bank (Germany), Royal Bank of Scotland (U.K.), Barclays (U.K.), BNP Paribas (France)… All their Ponzi players were “gifted.” All the Racketeer Influenced and Corrupt Organizations got their cut.

Talk about the ransacking and burning of Rome! Sayonara American middle class…

If you still had any question as to whether or not the United States is now the world’s preeminent banana republic, the final verdict was just delivered and the decision was unanimous. The ayes have it.

Any fairytale notions that we are living in a nation built on the rule of law and of the global economy being based on free market principles has now been exposed as just that, a fairytale. This moment is equivalent to everyone in Vatican City being told, by the Pope, that God is dead.

I’ve been arguing for years that the market is rigged and that the major Wall Street firms are elaborate Ponzi schemes, as have many other people who built their beliefs on rational thought, reasoned logic and evidence. We already came to this conclusion by doing the research and connecting the dots. But now, even our strongest skeptics and the most ardent Wall Street supporters have it all laid out in front of them, on FEDERAL RESERVE SPREADSHEETS.

Even the Financial Times, which named Lloyd Blankfein its 2009 person of the year, reacted by reporting this: “The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker and even more disturbing picture.”

Yes, the emperor doesn’t have any clothes. God is, indeed, dead. But, for the moment at least, the illusion continues to hold power. How is this possible?

To start with, as always, the US television “news” media (propaganda) networks just glossed over the whole thing – nothing to see here, just move along, back after a message from our sponsors… Other than that obvious reason, I’ve come to the realization that the Federal Reserve’s crimes are so big, so huge in scale, it is very hard for people to even wrap their head around it and comprehend what has happened here.

Think about it. In just this one peek we got at its operations, we learned that the Fed doled out $12.3 trillion in near-zero interest loans, without Congressional input.

The audacity and absurdity of it all is mind boggling…

Based on many conversations I’ve had with people, it seems that the average person doesn’t comprehend how much a trillion dollars is, let alone 12.3 trillion. You might as well just say 12.3 gazillion, because people don’t grasp a number that large, nor do they understand what would be possible if that money was used in other ways.

Can you imagine what we could do to restructure society with $12.3 trillion? Think about that…

People also can’t grasp the colossal crime committed because they keep hearing the word “loans.” People think of the loans they get. You borrow money, you pay it back with interest, no big deal.

That’s not what happened here. The Fed doled out $12.3 trillion in near-zero interest loans, using the American people as collateral, demanding nothing in return, other than a bunch of toxic assets in some cases. They only gave this money to a select group of insiders, at a time when very few had any money because all these same insiders and speculators crashed the system.

Do you get that? The very people most responsible for crashing the system, were then rewarded with trillions of our dollars. This gave that select group of insiders unlimited power to seize control of assets and have unprecedented leverage over almost everything within their economies – crony capitalism on steroids.

This was a hostile world takeover orchestrated through economic attacks by a very small group of unelected global bankers. They paralyzed the system, then were given the power to recreate it according to their own desires. No free market, no democracy of any kind. All done in secrecy. In the process, they gave themselves all-time record-breaking bonuses and impoverished tens of millions of people – they have put into motion a system that will inevitably collapse again and utterly destroy the very existence of what is left of an economic middle class.

That is not hyperbole. That is what happened.

We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else. People can’t even comprehend what that means and the severe consequences that it entails, which we have only just begun to experience.

Let me sum it up for you: The American Dream is O-V-E-R.

Welcome to the neo-feudal-fascist state.

People throughout the world who keep using the dollar are either A) Part of the scam; B) Oblivious to reality; C) Believe that US military power will be able to maintain the value of an otherwise worthless currency; D) All of the above.

No matter which way you look at it, we are all in serious trouble!

If you are an elected official, (I know at least 17 of you subscribe to my newsletter) and you believe in the oath you took upon taking office, you must immediately demand a full audit of the Federal Reserve and have Ben Bernanke and the entire Federal Reserve Board detained. If you are not going to do that, you deserve to have the words “Irrelevant Puppet” tattooed across your forehead.

Yes, those are obviously strong words, but they are the truth.

The Global Banking Cartel has now been so blatantly exposed, you cannot possibly get away with pretending that we live in a nation of law based on the Constitution. The jig is up.

It’s been over two years now; does anyone still seriously not understand why we are in this crisis? Our economy has been looted and burnt to the ground due to the strategic, deliberate decisions made by a small group of unelected global bankers at the Federal Reserve. Do people really not get the connection here? I mean, H.E.L.L.O. Our country is run by an unelected Global Banking Cartel.

I am constantly haunted by a quote from Harry Overstreet, who wrote the following in his 1925 groundbreaking study Influencing Human Behavior: “Giving people the facts as a strategy of influence” has been a failure, “an enterprise fraught with a surprising amount of disappointment.”

This crisis overwhelmingly proves Overstreet’s thesis to be true. Nonetheless, we solider on…

Here’s a roundup of reports on this BernankeLeaks:

Prepare to enter the theater of the absurd…

I’ll start with Senator Bernie Sanders (I-Vermont). He was the senator who Bernanke blew off when he was asked for information on this heist during a congressional hearing. Sanders fought to get the amendment written into the financial “reform” bill that gave us this one-time peek into the Fed’s secret operations. (Remember, remember the 6th of May, HFT, flash crash and terrorism. “Hey, David, Homeland Security is on the phone! They want to ask you questions about some NYSE SLP program.”)

In an article entitled, “A Real Jaw-Dropper at the Federal Reserve,” Senator Sanders reveals some of the details:

At a Senate Budget Committee hearing in 2009, I asked Fed Chairman Ben Bernanke to tell the American people the names of the financial institutions that received an unprecedented backdoor bailout from the Federal Reserve, how much they received, and the exact terms of this assistance. He refused. A year and a half later… we have begun to lift the veil of secrecy at the Fed…

After years of stonewalling by the Fed, the American people are finally learning the incredible and jaw-dropping details of the Fed’s multi-trillion-dollar bailout of Wall Street and corporate America….

We have learned that the $700 billion Wall Street bailout… turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country.…

Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks — Deutsche Bank and Credit Suisse — which were the largest beneficiaries of the Fed’s purchase of mortgage-backed securities….

Has the Federal Reserve of the United States become the central bank of the world?… [read Global Banking Cartel]

What this disclosure tells us, among many other things, is that despite this huge taxpayer bailout, the Fed did not make the appropriate demands on these institutions necessary to rebuild our economy and protect the needs of ordinary Americans….

What we are seeing is the incredible power of a small number of people who have incredible conflicts of interest getting incredible help from the taxpayers of this country while ignoring the needs of the people. [read more]

In an article entitled, “The Fed Lied About Wall Street,” Zach Carter sums it up this way:

The Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it… By denying the solvency crisis, major bank executives who had run their companies into the ground were allowed to keep their jobs, and shareholders who had placed bad bets on their firms were allowed to collect government largesse, as bloated bonuses began paying out soon after.

But the banks themselves still faced a capital shortage, and were only kept above those critical capital thresholds because federal regulators were willing to look the other way, letting banks account for obvious losses as if they were profitable assets.

So based on the Fed audit data, it’s hard to conclude that Fed Chairman Ben Bernanke was telling the truth when he told Congress on March 3, 2009, that there were no zombie banks in the United States.

“I don’t think that any major U.S. bank is currently a zombie institution,” Bernanke said.

As Bernanke spoke those words banks had been pledging junk bonds as collateral under Fed facilities for several months…

This is the heart of today’s foreclosure fraud crisis. Banks are foreclosing on untold numbers of families who have never missed a payment, because rushing to foreclosure generates lucrative fees for the banks, whatever the costs to families and investors. This is, in fact, far worse than what Paul Krugman predicted. Not only are zombie banks failing to support the economy, they are actively sabotaging it with fraud in order to make up for their capital shortages. Meanwhile, regulators are aggressively looking the other way.

The Fed had to fix liquidity in 2008. That was its job. But as major banks went insolvent, the Fed and Treasury had a responsibility to fix that solvency issue—even though that meant requiring shareholders and executives to live up to losses. Instead, as the Fed audit tells us, policymakers knowingly ignored the real problem, pushing losses onto the American middle class in the process.” [read more]

Even the Financial Times is jumping ship:

Sunlight Shows Cracks in Fed’s Rescue Story

It took two years, a hard-fought lawsuit, and an act of Congress, but finally… the Federal Reserve disclosed the details of its financial crisis lending programs. The initial reactions were shock at the breadth of lending, particularly to foreign firms. But the details paint a bleaker, earlier, and even more disturbing picture…. An even more troubling conclusion from the data is that… it is now apparent that the Fed took on far more risk, on less favorable terms, than most people have realized. [read more]

In true Fed fashion, they didn’t even fully comply with Congress. In a report entitled, “Fed Withholds Collateral Data for $885 Billion in Financial-Crisis Loans,” Bloomberg puts some icing on the cake:

For three of the Fed’s six emergency facilities, the central bank released information on groups of collateral it accepted by asset type and rating, without specifying individual securities. Among them was the Primary Dealer Credit Facility, created in March 2008 to provide loans to brokers as Bear Stearns Cos. collapsed.

“This is a half-step,” said former Atlanta Fed research director Robert Eisenbeis, chief monetary economist at Cumberland Advisors Inc. in Sarasota, Florida. “If you were going to audit the facilities, then would this enable you to do an audit? The answer is ‘No,’ you would have to go in and look at the individual amounts of collateral and how it was broken down to do that. And that is the spirit of what the requirements were in Dodd-Frank.” [read more]

See also:

  • Fed Data Dump Reveals More Contradictions About its $1.25 Trillion MBS Purchase Program
  • Fed Created Conflicts in Improvising $3.3 Trillion Financial System Rescue
  • Meet The 35 Foreign Banks That Got Bailed Out By The Fed
  • Ben Bernanke’s Secret Global Bank
  • Here’s the only person on US TV “news” who actually covers and understands any of this, enter Dylan Ratigan, with his guest Chris Whalen from Institutional Risk Analytics. This quote from Whalen sums it up well: “The folks at the Fed have become so corrupt, so captured by the banking industry… the Fed is there to support the speculators and they let the real economy go to hell.”

    The Progressive’s Matthew Rothschild has a good quote: “The financial bailout was a giant boondoggle, undemocratic and kleptocratic to its core.”

    Matt Stoller on NewDeal 2.0:

    End This Fed

    The Fed, and specifically the people who run it, are responsible for declining wages, for de-industrialization, for bubbles, and for the systemic corruption of American capital markets. The new financial blogosphere destroyed the Fed’s mythic stature…. With a loss of legitimacy comes a lack of public trust and a vulnerability to any form of critic. The Fed is now less respected than the IRS…. Liberals should stop their love affair with conservative technocratic myths of monetary independence, and cease seeing this Federal Reserve as a legitimate actor. At the very least, we need to begin noticing that these people do in fact run the country, and should not. [read more]

    In case anyone is confused into believing that this is just another right vs. left partisan issue, enter Fox Business host Judge Andrew Napolitano with his guest Republican Congressman Ron Paul, who is, of course, a longtime leading Fed critic. Paul hopes to see some Wikileaks on the Federal Reserve:

    The Sunlight Foundation shines a light on Bank of America and the Federal Reserve’s brother money manager BlackRock:

    Federal Reserve Loan Program Allowed Bank of America to Benefit Twice

    Bank of America was one of several banks that was able to play both sides of a Federal Reserve program launched during the 2008 financial crisis. While Bank of America was selling its assets to firms obtaining loans through the Fed program, the investment firm BlackRock—partially owned by Bank of America—was potentially turning a profit by using those loans to buy assets similar to those sold by Bank of America. [read more]

    Gretchen Morgenson at the New York Times jumps into the act:

    So That’s Where the Money Went

    How the truth shines through when you shed a little light on a subject….

    All of the emergency lending data released by the Fed are highly revealing, but why weren’t they made public much earlier? That’s a question that Walker F. Todd, a research fellow at the American Institute for Economic Research, is asking.

    Mr. Todd, a former assistant general counsel and research officer at the Federal Reserve Bank of Cleveland, said details about the Fed’s vast and various programs should have been available before the Dodd-Frank regulatory reform law was even written.

    “The Fed’s current set of powers and the shape of the Dodd-Frank bill over all might have looked quite different if this information had been made public during the debate on the bill,” he said. “Had these tables been out there, I think Congress would have either said no to emergency lending authority or if you get it, it’s going to be a much lower number — half a trillion dollars in the aggregate.” [read more]

    Welcome to the “global pawnshop:”

    The Fed Operates as a “global pawnshop:” $9 trillion to 18 financial institutions

    What the report shows is that the Fed operated as a global pawnshop taking in practically anything the banks had for collateral. What is even more disturbing is that the Federal Reserve did not enact any punitive charges to these borrowers so you had banks like Goldman Sachs utilizing the crisis to siphon off cheap collateral. The Fed is quick to point out that “taxpayers were fully protected” but mention little of the destruction they have caused to the US dollar. This is a hidden cost to Americans and it also didn’t help that they were the fuel that set off the biggest global housing bubble ever witnessed by humanity. [read more]

    “No strings attached.” Financial reporter Barry Grey unleashes the truth:

    Fed report lifts lid on Great Bank Heist of 2008-2009

    The banks and corporations that benefited were not even obliged to provide an account of what they did with the money. The entire purpose of the operation was to use public funds to cover the gambling losses of the American financial aristocracy, and create the conditions for the financiers and speculators to make even more money.

    All of the 21,000 transactions cited in the Fed documents―released under a provision included, over the Fed’s objections, in this year’s financial regulatory overhaul bill―were carried out in secret. The unelected central bank operated without any congressional mandate or oversight.

    The documents shed light on the greatest plundering of social resources in history. It was carried out under both the Republican Bush and Democratic Obama administrations. Those who organized the looting of the public treasury were long-time Wall Street insiders: men like Bush’s treasury secretary and former Goldman Sachs CEO Henry Paulson and the then-president of the New York Federal Reserve, Timothy Geithner….

    The Fed documents show that the US central bank enabled banks and corporations to offload their bad debts onto the Fed’s balance sheet. Now, in order to prevent a collapse of the dollar and a default by the US government, the American people are being told they must sacrifice to reduce the national debt and budget deficit.

    But as the vast sums make clear, the “sacrifice” being demanded of working people means their impoverishment―wage-cutting, mass unemployment, cuts in health care, Social Security, Medicare, Medicaid, etc.

    The very scale of the Fed bailout points to the scale of the financial crash and the criminality that fostered it…. The entire US capitalist economy rested on a huge Ponzi scheme that was bound to collapse…

    The banks were able to take the cheap cash from the Fed and lend it back to the government at double and quadruple the interest rates they were initially charged―pocketing many billions in the process….

    The ongoing saga of the looting of the economy by the financial elite puts the lie to the endless claims that “there is no money” for jobs, housing, education or health care. The ruling class is awash in money. [read more]

    Here’s an old Jim Rogers interview from two years ago when this whole thing was originally going down:

    Here are two videos that I made last year, with an assist from Alan Grayson and Dylan Ratigan:

    The Wall Street Economic Death Squad – Part I

    The Greatest Theft in History – Wall Street Economic Death Squad – Part II

    And on a final note, you may as well rock out to this new song while Rome burns…

    WORLD PREMIERE ~ Ben Bernanke: Public Enemy #1 – Mr. Big Shot (((Music Video)))

    Ben Shalom Bernanke is wanted for violating the United States Constitution, committing acts of financial terrorism and crimes against humanity. As a leading member of the Global Banking Cartel, he is considered a highly dangerous enemy combatant. Citizens of the United States hereby demand that he be properly detained under the laws and customs of war.

    David DeGraw, a regular contributor to The Public Record, is an investigative journalist whose work has been featured in numerous publications and websites. He is the founder and editor of AmpedStatus.com, editorial director of MediaChannel.org and author of The Economic Elite Vs. The People of the United States. To be notified via email about further articles from this series, subscribe here.

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    80 Responses for “The Wall Street Pentagon Papers: Biggest Scam In World History Exposed: Are The Federal Reserve’s Crimes Too Big To Comprehend?”

    1. Edward says:

      The bailouts are truly disgusting. I called “my” congress members along with everyone else to oppose the first round of bailouts and they found a way to do more anyways, and now we find out that the the Fed gave them these interest-free loans with no collateral.

      I truly think a lot of this is far more ideological than is being credited here. Bernanke was an academic and wrote many papers and speeches which outlined his worldview, and he seems to be playing it by that book.

      http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2004/20040220/default.htm

      Sure sure, many may be corrupt, and certainly there are systemic absurdities which promote corruption at many levels. Yet, essentially these technocrats are just as delusional as any technocrats in the totalitarian societies

      See:

      Yevgeni Preobrazhensky

      https://en.wikipedia.org/wiki/Yevgeni_Preobrazhensky

      or Gottfried Feder

      https://en.wikipedia.org/wiki/Gottfried_Feder

      Of course in America nothing is ever ideological, right?

      Monetarism is dead, and should have died long ago. It can’t work, and never could.

      What we really need to do is stop selling bonds to these guys, which is probably an even bigger handout than these Fed loans, and start recapturing land rent… the mother of all privilege. Pull the rug out from under them. We could end central banking tomorrow and the “feudalism” which you spoke of would be as strong as ever.

    2. aple says:

      God damn that’s a lot of real-journalism!

      *dusts off unused reading glasses* It’s going to be a long day but I can’t wait to see what real journalism is.

    3. KIM R says:

      When you contact your senators and representatives about this, ask them what was discussed at the secret meeting of Congress on March 13, 2008.

    4. Michael says:

      I’m appalled the at the level of corruption involved! Where are the checks and balances? Where are our elected officials? Power unchecked = corruption! To think Me,My Father, My Grand Father and My Great Grand Father fought for this country! My Great Grand Father died for this country! The Government has turned our freedoms, futures and financial security over to the Foreign Banking Cartels!

    5. Tom says:

      Chairman Of the Fed got his training working at the South of the Border tourist trap

    6. Truth Seeker says:

      FINALLY!!!! the real truth is being shared with the world! I have been waiting a looooooong time. So happy to see the collapse of the old system happening so a new, fair, balanced system can come forth!

      We the people have the power… please get the word out…
      share this well written article and http://www.ThriveMovement.com

    7. Oaken Trucheon says:

      My understanding was that the structural purpose of markets and exchanges was to tie the monetary system to the real economy of goods and services.

      The fact that the false value of traded derivatives actually exceeded the combined value of ALL GDP’s seems to indicate that this has changed.

    8. Well. well… a few of the Fed’s dirty little secrets get outed after years of Audit the Fed efforts… Now we need to move beyond auditing the central bank to the next essential step: END the FED!

      Ron Paul has three bills pending in the House, as Chair of Monetary Policy: HR 1094, 1098 and 2768.

      These bills [1] restore Constitutional legal tender, allowing all Americans to set legal tender in their contracts, [2] abolish the Fed Reserve Bd of Governors, preparatory to the orderly liquidation of the Regional Reserve Banks, and [3] write-down $1.7 trillion in Treasury “debt” purchased by the Fed Reserve with fiat “dollars.”

      We need to stand with American heroes, like Andrew Jackson and Ron Paul, and kill this third central bank, like our ancestors killed the first two!

      A hundred years of the Federal Reserve banksters cartel and the fiat “dollar” has lost 98% of its value against Constitutional (gold) money

      Support ending the Fed here: https://secure.downsizedc.org/etp/honest-money/

    9. joe magner says:

      one might ask who would have lost if they were not bailed out. There are over 15.8 Trillion dollars of retirement and pension funds in the us and that 2006 dollars, the lastest I saw for 2011 is over 17 Trillion. There obviously is not that many dollars and coins (about 900 billion ) and so this is money that MUST be invested so that on the assumption the investments make money, that money can be paid back in the future. If the banks were not bailed out, more of the investments of the pension and retirement money would have been lost. The notional value of derivatives in the world is around 700 to 800 Trillion dollars and this id the value they would reach if they did not get wiped out and reached maturity. The problem is both simpler and more complex but in ways that are not looked at. The need for continuous growth of human business activity that allows more money to be put into circulation through loans is necessary to make up for the increased money needed to service the interest and returns that need to be paid out. This process is always doomed to reach a point of collapse when growth stops and the system is forced to unwind and moeny invested needs to be wiped out by bad loans. since the interest adds to whats needed there will always be a need to cancel more investment then debt to make up for the essential bellow zero (minus) amount of money in the system when the collapse happens. The big secret is that this must be hidden from public knowledge plus the True Believers can not admit this as classical economics has ignored this problem. They play like they use science and theory and mathematics but ignore the contradictions that exist in the way they use these.

    10. dallas says:

      Is anything going to change because of these articles i’m starting to see more and more? I don’t really think so sadly.

    11. JET says:

      Stop saying the american tax payers were ripped off

      It was simply an injection of new capital in the economy.

      If it wasn’t done, the economy would really collapse. no one would have jobs. and no one would have bread in the stores.

      you really don’t have the economic and financial foundation to be making these claims….stop fear mongering. you really don’t know what you’re talking about..

      youre acting like 10 guys stole trillions of tax dollars. that’s not what happened. it was all injected into the economy. The bank CEO’s just took their usual 2-10mil bonuses. Same as they would in any year. Just because hank paulson insisted they take the capital to keep the economy smooth, they should have to cancel bonuses? those bonuses are the majority of their salary.

    12. John F. McMullen says:

      They withheld information from the American public and its elected representatives .. I consider that criminal

    13. Robert C. Trail says:

      This article is a little hard on the Fed. I think the Fed was just trying to do their best to fix a disaster that was caused by lack of regulation of elected officials.

    14. I am no longer considered a human product of THE UNITED STATES, INC. circa THE ACT of 1871. I am a human being of the newly reseated Republic for The united States of America, unincorporated. The debts of the De Facto corporation that has been posing as our governing body are the debts of that sinister corporation in THE DISTRICT OF COLUMBIA, INC. NOT OURS!
      http://www.republicfortheunitedstates.org

    15. joy316 says:

      One way to help the ordinary person comprehend a trillion (I don’t know where I first leaned it but the math works): If you pay $1 per second it takes 11 days to pay $1 Million, 32 years to pay $1 Billion and 32,000 years to pay $1 Trillion.

    16. #OWS says:

      We are assembled because…

      It is absurd that the 1 percent has taken 40 percent of the nation’s wealth through exploiting labor, outsourcing jobs, and manipulating the tax code to their benefit through special capital tax rates and loopholes. The system is rigged in their favor, yet they cry foul when anyone even dares to question their relentless class warfare.
      Candidates in our electoral system require huge sums of money to be competitive. These contributions from multi-national corporations and wealthy individuals destroy responsive representative governance. A system of backroom deals, kickbacks, bribes, and dirty politics overrides the will of the people. The rotation of decision makers between the public and private sectors cultivates a network of public officials, lobbyists, and executives whose aligned interests do not serve the American people.
      The entrenched two-party system overlooks public interests by pursuing narrow political goals. This climate encourages candidates to polarize voters for individual power and personal gain. Citizens’ meaningful input has been compromised by gerrymandering, voter disenfranchisement, and unresponsive politicians. Residents of Washington, D.C., continue to lack autonomy and legislative representation.
      The 1 percent benefits from economic, political, and legal structures that oppress communities long targeted by displacement, denial of sovereignty, slavery, and other injustices. These persecuted but resilient communities continue to suffer through generations of disproportionately higher rates of unemployment, poverty, criminalization, and homelessness. Facets of the 1 percent campaign to blame these groups for these problems while obstructing healing and restoration.
      Those with power have divided us from working in solidarity by perpetuating historical prejudices and discrimination based on perceived race, religion, immigrant or indigenous status, income, age, gender, gender identity, sexual orientation, and disability, among other things. These divisions have inhibited our ability to work in solidarity, though today we recognize the power of uniting as the 99 percent.
      Financial institutions gambled with our savings, homes, and economy. They collapsed the financial system and needed the public to bail them out of their failures yet deny any responsibility and continue to fight oversight. Corporations loot from those whose labor creates society’s prosperity, while the government allows them to privatize profits and socialize risk.
      Corporate interests threaten life on Earth by extracting and burning fossil fuels and resisting the necessary transition to renewable energy. Their drilling, mining, clear-cutting, overfishing, and factory farming destroys the land, jeopardizes our food and water, and poisons the soil with near impunity. They privilege polluters over people by subsidizing fossil fuels, blocking investments in clean energy and efficient transportation, and hiding environmental destruction from public oversight.
      Private corporations, with the government’s support, use common resources and infrastructure for short-term personal profit, while stifling efforts to invest in public goods.
      The U.S. government engages in drawn-out, costly conflicts abroad. Numerous acts of conquest have been, and continue to be, pursued to control resources, overthrow foreign governments, and install subservient regimes. These wars destroy the lives of innocent civilians and American soldiers, many of whom suffer adverse effects throughout life. These operations are a blank check to divert money from domestic priorities.
      Government authorities cultivate a culture of fear to invade our privacy, limit assembly, restrict speech, and deny due process. They have failed in their duty to protect our rights. Exacerbated by profiteering interests, the criminal justice system has unfairly targeted underprivileged communities and outspoken groups for prosecution rather than protection.
      Corporatized culture warps our perception of reality. It cheapens and mocks the beauty of human thought and experience while promoting excessive materialism as the path to happiness. The corporate news media furthers the interests of the very wealthy, distorts and disregards the truth, and confines our imagination of what is possible for ourselves and society.
      Leaders are trading our access to basic needs in exchange for handouts to the ultra-wealthy. Our rights to healthcare, education, food, water, and housing are sacrificed to profit-driven market forces. They are attacking unemployment insurance, Medicare, Medicaid, and Social Security, creating an uncertain future for us all.*

      A better world is possible.

    17. Kathy hurd says:

      Why aren’t we hearing more about this? The news should be all over this information

    18. John Rad says:

      We have as mankind started this ball rolling since the invention of the wheel and money-and we will pay-all of us because no one seems to want to go backwards so they go into this new invention-Debt.

    19. Mark Conway says:

      A better world will only come when Jesus Christ returns to set up His kingdom. Please see 1Peter 4:7 “The end of all things is near. Therefore be alert and of sober mind so that you may pray.”

    20. Michaela says:

      Forgive them, for they do not know what they do.

    21. R Foreman says:

      You guys already knew the governments are just a tool to let the super-wealthy stash their loot. This was all surprising in 2008 when you pucks were too busy to listen; now you get to live with it, because the statute of limitations has run out on these crimes, and the people who could change the laws are the ones benefitting the most from the current status quo.

      At this point I would suggest finding a nice hideaway, because you don’t want to be around when this shit hits the fan. You know the super-weathy are stocking their bunkers.

    22. Dan Saxe says:

      Nobody believed me when I said that Madoff was just following the status quo. He was really just a symptom of the problem as a whole. The reason that there are not numerous cases being exposed, is because the regulatory bodies themselves, are involved in the scams at the highest levels. The reason The Fed is allowed to operate without oversight is because the Lawmakers in Congress are directly benifitting from the Fed’s actions. CONFLICT OF INTEREST. CONFLICT OF INTEREST. CONFLICT OF INTEREST.

    23. Tim says:

      Please clarify how the Fed creating money out of thin air is taking money from taxpayers. I can see how printing money like that leads to inflation, which does rob everyone, but that’s not what this article talks about. The Fed is a private bank, not the US Treasury. I think it’s absurd that the Fed has power to print money but the US Treasury does not, but that seems to be a separate issue.

    24. kevin says:

      All of you Dirty Cocksuckers might think you have nothing to worry about. That you’re all above the Law and you’ll get away with every dark and dirty thing you do… and that’s fine, Go ahead and feel that way… Strut your Filthy Punk Asses around like you’re untouchable…. IT IS COMING, THE DAY YOU WILL FOREVER REGRET YOUR FUCKING UNCONSCIONABLE DEEDS AGAINST THE PEOPLE !… THE ONES WHO PUT YOU WHERE YOU ARE TODAY, WILL SOON START TAKEN YOU OUT….. ONE BY ONE, AND BY ANY MEANS NECESSARY !… AND I MEAN… ” B Y . A N Y . M E A N S . NECESSARY ” !… YOU ARE THE FILTHY SCUM THAT MUST BE ELIMINATED FROM THE EARTH…. YOU THINK THE MILITARY IS GOING TO COME TO YOUR RESCUE, WELL I HAVE NEWS FOR YOU,… YOU HAVE ALSO STOLEN, RAPED AND DESTROYED THE LIVES OF THE MILITARY MEN AND WOMEN AND THEIR CHILDREN AS WELL AS THEIR FAMILIES…AND YOUR HIRED GUNS WILL BE TURNED AGAINST YOU WHEN YOU LEAST EXPECT IT !…. YOU’RE A BUNCH OF IGNORANT GREEDY FUCKS, AND THE MONEY HAS BLINDED YOU, TO THE REALITY AND ACCOUNTABILITY YOU WILL AWAKEN TO !… YOUR FUCKING NUTS ARE ABOUT TO BE CUT THE FUCK OFF !… NONE OF YOU ARE ANY BETTER THAN SAY,…….. TIMOTHY McVEIGH…. ACTUALLY MUCH WORSE !… AS YOU MAKE IT LEGAL TO KILL , MAME, STEAL, AND DESTROY WHAT EVER SUITS YOU AND YOUR CONSTITUENTS, FOR THE MOMENT. VOTING YOURSELVES PAY RAISES, AND AT THE TIME, YOU THIEVE AND DESTROY THE LIVES OF YOUR OWN PEOPLE !…. THE SAME SHIT YOU PREACH AGAINST AROUND THE ENTIRE WORLD !…… YOUR DIRTY FUCKING REIGN IS OVER…. LET THE PUNISHMENT BEGIN !

    25. Sally says:

      I would prefer to see more facts and easily understood explanations rather than all this inflammatory, overly long rhetoric. Enough with the drama already! This reads like a sales pitch from a scammer or a fundamentalist gone off the edge. Not saying this isn’t true, just tone it down and be clear.

    26. Jimmy says:

      My My at all the funky talk on here. We the poor people have been reading this for several years even after the crash in 2001 and then 2009 and now in 2012. So is the whole lot of us been asleep. We could not get anyone to pay attention then and we can not wake up the masses now. So we all go down in flames so be it. They stole my 401 k back in 2001 and said that is the law. Now they are taking your retirements and you are upset. So is it to late for change. Well you can see what change done for Obummer and it seems everyone fell for it. So here we are at the cross roads that we all tried to warn everyone about but nobody would listen then and they are not now. So we well burn and the ones thats left well try to make a go of it again. Well good luck to all because us little people that do not matter we are going to a better place that is full of LOVE and surrounded by the greatest system That God has ever created and you well be left trying to save this one that is not worth saving. So All I have left to say is God Bless and let Jesus rule our new Kingdom. To those that do not know the Kingdom has always been within.

    27. Let’s create a timeline and a basic level need agenda. Oil in the mid-1970s – long lines for gas — today – what happened to the differential between gas & home heating oil — gone — Oil not only impacts our economy but the global economy. In the 1970s solar was a viable source of energy for both home electric power and heating — where did it go — off the media. Please see rosieandthecat & help get the word out — we need help and this travisty connects to the middle east and 911. Thanks

      Human Experimentation & Torture

    28. Kim says:

      Have you all seen the crash course by Chris Martenson on youtube? It comes in many small segments and explains a lot. Another good vid is How to Take Out Country Back by Kirk Mackenzie and his other vids.

      Also, there is an organization called GOOOH you may want to check out.

    29. jenny lea says:

      Please consider this strategy to end corruption, it’s the only way to make your vote count at this point:
      http://moneyouttapolitics.org/
      I would love to know what DeGraw thinks of this!

    30. Don’t get messed up in a battle with the Fed. They have a way of making people disappear. I would not be public about your ownership of the name.

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