The Fed Audit

New details were released this week with 0 media coverage, except for a few online blocks and publications, on how the fed led a $16,000,000,000,000 (that's trillion) bailout package to the world during the financial collapse here in the US. This information was revealed after the fed was audited by the US govt as part of the Wall Street Reform Act (what a joke) passed last year.

Senator Bernie Sanders of Vermont stated:

"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," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

Ok, we know this...what's most interesting is his misunderstanding of the federal reserve itself. These are his exact words:

 "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,"

Breaking news Bernie, the federal reserve is an INDEPENDENT bank..they are not accountable to the federal government in any way. They were setup in theory to keep the government in check but have now become a monster beyond the reach of anyone in government and act only to INCREASE THE RICHES OF THE WEALTHY

Alan Greenspan even admits it, when he says:

"Well, first of all, the Federal Reserve is an independent agency, and that means, basically, that there is no other agency of government which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don't, frankly, matter. "