Bail-out Bombshell: Fed "Emergency" Bank Rescue Totaled $29 Trillion Over Three Years

While the 99% suffered hardship, a new study shows that the Fed propped up buddies in the banking industry and a vast shadow banking system far beyond what anyone has guessed.

"These figures accurately reflect the cumulative totals over the approximately three years actually used by the Fed to prop-up domestic and international banks, shadow banks, central banks, and even some non-financial institutions."

A link to for anyone that wishes to audit the Fed.  It's never been done and it's no more Federal than the Federal Express.....

http://auditthefedphonebomb.com/general/audit-the-fed-phone-bomb/

I think most of that debt comes from banks rather than any one individual government. The mess at the moment just goes to show that the money system the world is using is wrong. Money is virtual and therefore there is probably about 10X as much "money" as there is printed money because of lending, debts, repackaging debts etc. There simply isn't the money in the world to pay off all the debts.

Holy shit! That graphic of US debt is some pretty scary stuff!

dave said:

Man, that is sick! Unless some brave souls vote down all of these protectionist measures toward the leeches that bleed our country, we may set the record for fastest time a country has gone from top to bottom (barbarism)

Not to mention how much $ we owe, US debt visualized: Stacked in 100 dollar bills

Next election, no matter who you give your vote to, it's lose/lose :(

Man, that is sick! Unless some brave souls vote down all of these protectionist measures toward the leeches that bleed our country, we may set the record for fastest time a country has gone from top to bottom (barbarism)

Not to mention how much $ we owe, US debt visualized: Stacked in 100 dollar bills

Next election, no matter who you give your vote to, it's lose/lose :(

China?

Mardy Pune said:

Where the hell did they get $29 Trillion from?

Where the hell did they get $29 Trillion from?