The Mysterious Federal Reserve: As Federal As Federal Express

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

It’s a currency, banking bankster war. The issues? The USD, SDRs, fiat currency, petrodollars, the fal of the House of Saud, BRICS banks. That’s what it’s about. Can you believe this? How many in the Ted Baxter sockpuppet echo-chamber bumper sticker playbook media ever mentioned this?

While the world waits with baited breath on the Contrived Drama of the Debt Ceiling, the real show has already been played out,secretly and behind the scenes.

The first audit of the privately owned and foreign owned Federal Reserve by the GAO,has turned up $16 Trillion dollars of loans all over the world to prop up the global fiat empire. This massive money creation is over and above Hank Paulson’s $700 billion dollar heist of the American public. It is also in addition to QE1 and QE2 that resulted in an illusionary recovery of the economy.

All of this money printing has done nothing to create any economic growth and it never will. The scary part is that this was done with no oversight or accountability . [Source] The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy.  It is the first audit of the Fed in United States history since its beginnings in 1913.  The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis. [Source]

And this mind-blower. I’ll never get over this. Just think about it. Imagine the enormity of the cash, shrink-wrapped on pallets.

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent. The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee. In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors.

Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover. Details of the shipments have emerged in a memorandum prepared for the meeting of the House committee on oversight and government reform which is examining Iraqi reconstruction. Its chairman, Henry Waxman, a fierce critic of the war, said the way the cash had been handled was mind-boggling. “The numbers are so large that it doesn’t seem possible that they’re true. Who in their right mind would send 363 tonnes of cash into a war zone?”

The memorandum details the casual manner in which the US-led Coalition Provisional Authority disbursed the money, which came from Iraqi oil sales, surplus funds from the UN oil-for-food programme and seized Iraqi assets. “One CPA official described an environment awash in $100 bills,” the memorandum says. “One contractor received a $2m payment in a duffel bag stuffed with shrink-wrapped bundles of currency. Auditors discovered that the key to a vault was kept in an unsecured backpack. “They also found that $774,300 in cash had been stolen from one division’s vault.

Cash payments were made from the back of a pickup truck, and cash was stored in unguarded sacks in Iraqi ministry offices. One official was given $6.75m in cash, and was ordered to spend it in one week before the interim Iraqi government took control of Iraqi funds.” The minutes from a May 2004 CPA meeting reveal “a single disbursement of $500m in security funding labelled merely ‘TBD’, meaning ‘to be determined’.”

The memorandum concludes: “Many of the funds appear to have been lost to corruption and waste … thousands of ‘ghost employees’ were receiving pay cheques from Iraqi ministries under the CPA’s control. Some of the funds could have enriched both criminals and insurgents fighting the United States.” [Source]

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