CORPORATE WELFARE. FED Handouts to MOTU at $19.9 Trillion & Counting.
Keep these two numbers in mind FireDogs : total GDP (gross domestic product) for the U.S.A. is approximately $14 trillion annually. Global GDP hovers around $65 trillion.
The most recent disclosures of secret disbursements by the Federal Reserve since August of 2007 bring the known totals to nearly $20 trillion dollars. That amount, all coming from the U.S. Federal Reserve is beyond disturbing all by itself. But you must also bear in mind that the U.S. Fed is not the only central bank that has been engaged in administering WELFARE to these “FREE MARKET” ne’re do wells. Add in the central banks and governments of the Eurozone and we are approaching totals of between $40 and $50 trillion dollars. Let’s call it $45 trillion. There is no way to know, because it’s secret. SSSHHHHH. Now take a deep breath and compare that number to either of the GDP numbers I asked you to retain above.
The implications of these secret dispersements are staggering. These WELFARE payments have been accrueing to the benefit of only but several tens of thousands of individual capitalists and politicians and their families directly associated with the Too Big To Fail Casinos and the Transnational Corporations; General Electric, Ford, Toyota, and Caterpillar among them. The other 7 billion of us on this tiny planet be damned. Well, we will be that many as of October 31st.
Below is a 6 minute Video from Youtube that shows Bloomberg Financial news reporters detailing the most recently disclosed theft of $1.2 trillion dollars :
How did I arrive at the $19.9 trillion figure used in this post for U.S. FED handouts?
From AmpedStatus yesterday some incredible actual journalism which is difficult to recognize because of how infrequently we’ve seen any recently, with but a few bright spots like Matt Taibbi at Rolling Stone or Yves Smith. I guess that the once noble 4th Estate and their collective treason is a topic for another day. This article is mind blowing. The following excerpts don’t do it justice. In any case a heartfelt FireDogLake Hat Tip to David DeGraw :
Keep in mind, this $1.2 trillion is in addition to the $16 trillion the Government Accountability Office (GAO) audit revealed and the over $2 trillion in Quantitative Easing the Fed dished out, not to mention the now continued promise of the Zero Interest Rate Policy (ZIRP). This is also separate from the $700 billion TARP program that Congress approved. This is yet another unknown secret program, throwing another mere $1.2 trillion in public money at the Wall Street elite (global banking cartel), just being revealed now.
Once again, people tend to get confused and dismiss all of this as mere loans without understanding the huge advantage these select banks and corporations get from having this secret lifeline that others outside of the financial aristocracy don’t get.
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.
Just when I thought the banksters couldn’t possibly shock me anymore… they did.
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.
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.
Welcome to the neo-feudal-fascist state.
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.
A quote from Justin Raimondo :
“Left” and “right” mean nothing in the current context: the real division is between government-privileged plutocrats and the rest of us. What you have to ask yourself is this: which side are you on?
I pray that my fellow Americans can find the strength to stop the hate and blame games that have become an ingrained obsession with so many. Assigning blame to others, or using long held resentments as an excuse to not participate now will not change anything. As fellow FireDog Daveparts said two posts ago “Pick a side, or one will pick you.”
The peril is real. And it has a name.…..Fascism. Or more simply put, some among us have succumbed completely to one of the seven deadly sins……greed. Been consumed by it. They will remorselessly sacrifice all at that unholy altar, even those things that are not theirs to sacrifice.
The task of stopping them has fallen upon us in our time. I am not happy about having been handed that mantle of responsibility to wear………. but I accept it………. sanguinely………. resolutely………..eyes wide open.
One Last thought FireDogs. What do you think the transformative impact would have been, could have been, of having spent that same $20 trillion dollars that was stolen from us along with our democracy, on rebuilding our society based on…..oh, I don’t know……how about the ideals enshrined in our constitution?
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Illegitimi non Carborundum
Stay Strong and take care of one another.