If $16 Trillion in Secret Loans Isn't Reason To Buy Gold And Silver I Don't Know What Is!!!

The First ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months thanks to Ron Paul and Alan Grayson. The results showed $16 Trillion in secret loans to foreign and domestic banks and corporations.

GAO Fed Investigation : http://www.scribd.com/doc/60553686/GAO-Fed-Investigation

Federal Reserve Bank Of St. Louis Monetary Base Graph:
http://research.stlouisfed.org/fred2/series/BASE

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[damoz89]

Hi - can you please let me know why it is advisable for everyone in all currencies to buy? Or just people who use US dollars? Are all currencies tied to USD and if so how???

[MoneyBags73]

@damoz89 Because all currencies around the world are fiat. That means they are currency because the government says so. All currencies are pure paper backed by nothing.

[SidneyBou]

I like you. You should put a callender in back of yourself and circle the date. I will know if i am watching a current video. I don't know what to do if you are in your car maybe put the date in your Head Line.

[MoneyBags73]

@SidneyBou You don'y watch these on Youtube. The date is under the video

[continuityofliberty]

Good vid - I'll be sending this to those in my family who cannot seem to grasp my irritation with the FED.

I've sent them others over the last few years and they're probably annoyed with my pestering, but it must be done.

Thanks!

[MrMaineack]

The Greatest rip-off in the history of the world, all those CEO's getting exorbitant salaries and bonuses.

[JPMorganSuckBalls]

@AMERICANSTEW5 Omg! CRASH ALL OF THOSE BASTERDS!!! >:(

[AMERICANSTEW5]

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:

Citigroup: $2.5 trillion($2,500,000,000,000)

Morgan Stanley: $2.04 trillion ($2,040,000,000,000)

Merrill Lynch: $1.949 trillion ($1,949,000,000,000)

Bank of America: $1.344 trillion ($1,344,000,000,000)

[AMERICANSTEW5]

Bank of America: $1.344 trillion ($1,344,000,000,000)

Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)

Bear Sterns: $853 billion ($853,000,000,000)

Goldman Sachs: $814 billion ($814,000,000,000)

Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)

JP Morgan Chase: $391 billion ($391,000,000,000)

Deutsche Bank (Germany): $354 billion ($354,000,000,000)

[AMERICANSTEW5]

UBS (Switzerland): $287 billion ($287,000,000,000)

Credit Suisse (Switzerland): $262 billion ($262,000,000,000)

Lehman Brothers: $183 billion ($183,000,000,000)

Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)

BNP Paribas (France): $175 billion ($175,000,000,000)*

[MrKevindixon]

I have not seen this in the news. They seem to only concerned about political rheteoric. They are not seeing that both the Democrats and Republicans are both spending us into oblivion. We need a 3rd party. I like Ron Paul but they Republican party think he is not centrist enough. We NEED to end the FED as they and the big banks are making us virtual economic slaves.

[silvergoldhedge]

Great video. Very clear and precise!

[lavacap1]

Yes, the Fed is Fraud but Ron Paul is controlled opposition.. He will insure the election of Obama. The agenda is much larger and more sinister--america is being thrown away.

[bigdeneen]

I am about to put some bets in that gold falls by year end, I collect gold and silver, but when my bullion dealer tells me he has more sellers then buyers 10/3 ..I'm out the building..