Quote:
Originally Posted by dyna mo
the results from the 1st ever fed audit were released last week.
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Was not aware it was done. Rather fast audit as far as I can tell however, it did disclose some interesting things that oddly, did not collapse the global economy.
“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” Bloomberg News
$16 trillion loaned out at near 0 interest means, flooding the market with currency to devalue the dollar and reduce our debt.
This whole thing has me freaked. Sorry to be such a downer.