Did the Federal Reserve lose $9 trillion? No they didn’t. They gave it to the banks and to rich investors via the banks. The Fed has placed over nine trillion dollars on its balance sheets since September 2012. The money is gone, and nobody at the Fed knows who the money went to. What a lie. Under sworn testimony to congress, Elizabeth Coleman, the inspector general of the Federal Reserve, claims to know nothing. And she might not, especially if her job includes remaining ignorant of the trillions of dollars that the Federal Reserve has given away. She performs that function of her job as well as anybody could.
Bloomberg reports that there are “trillions of dollars of off-balance sheet transactions that the Federal Reserve has entered into to,” according to Congressman Alan Grayson.
I called it years ago. Back in 2009, the Fed reportedly lent $26 trillion to the banks to save rich investors. That’s a ton of money. The total wealth of the US as of 2009 was $53 trillion. The total Gross Domestic Product of the US is about $16 trillion a year.
The banks reportedly paid the money back less than two years later, which was statistically impossible, given that all US banks combined earn about $150 billion a year. That means only one thing. The Fed fixed its books, the banks fixed their books too, and this was to make it appear that the banks paid the money back. There are crimes being committed in this case, such as tax evasion and money laundering.
Check out the article below for more this these criminal actions on the part of the Fed and the banks.