“Audit the Fed” : here's how to pay the money for free to a few individuals and organizations

Loris Palmerini.

That shown below is the translation of the original article of Senator Sanders of the American Senate.
Translated by Andrea Cecchin, friend and professional translator, E’ a cornerstone of economic history and politics of the past 5 centuries.
It exposes a secret power system that allows some individuals and organizations to buy whole states or decide on bankruptcy.
The names that appear have received hundreds of billions of dollars to almost nil rate, Actually a rate “segretato”.
To make a comparison, if the Italian people could do the same, it would make no economic problem.
and instead, as I have already explained on this site, the Italian public debt E’ FALSE, A budget trick because made by private members of the Bank of Italy prohibited by the Statute, reformed by Draghi who thus deludes he has remedied an illicit, he worked for Goldman Sachs and now asks for sacrifices. I remember that the false statements he healed the Berlusconi government, non Dragons.
In reality, half a planet is forced to pay interest to repay a fake state debt, created with accounting tricks.
Indeed, As Giacinto Auriti already said, The value of money is given by those who use it and legitimizes it with their work, the peoples themselves.
E’ Clearly, if you deprive people of their wealth, is not a debility’ the ability’ economic, reducing them in a debt spiral, it destroys the right to work, the right to freedom, to peace’ familiar, it threatens the health of the same, in short, it is a violation of fundamental human rights: It is global terrorism.

So we prepare the international network to stop those who are reducing world hunger through the bank loan sharking to which they themselves do not undergo: They are terrorists who perform crimes against humanity.

Loris Palmerini

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Translation of the original article of Sentorore Sanders – 21 July 2011 –

The first full audit of the Federal Reserve has discovered new mind-blowing details of how the US has supplied the huge sum of 16.000 billions of dollars in secret loans to save and American and foreign companies during the worst economic crisis since the Great Depression. An amendment by Senator Bernie Sanders to the Wall Street bill that passed a year ago brought The Government Accounting Office (GAO) to conduct the study this week. “As a result of this review, Now we know that Federal Reserve has provided more than 16.000 Dollars as total financial assistance to some of the major financial institutions and companies in the United States and all over the world”, Sanders said. “This is a clear case of socialism for the rich and strong, and individualism against all others that need only walk on its own legs.”

Among the main results of the investigation we find that the Fed has unilaterally provided thousands of billions of dollars in financial aid to banks and foreign companies from South Korea to Scotland, according to the report of the GAO. “No foreign bank or bank or foreign company should be allowed to no direct approval of the Congress and the President”, Sanders said.

The investigative arm of Congress, above the parties and of the parties, also it ruled that the Fed has no clear system to deal with conflicts of interest, despite the serious risk of abuse. Indeed, according to the report, The Fed has applied derogations to the conflict of interest to employees and private contractors so that they could maintain investments in the same companies and financial institutions that have received emergency loans.

For example, The CEO of JP Morgan Chase operated among the Directors of the Fed of New York at the same time when his bank received beyond 390 billion dollars in financial aid from the Fed. Moreover, The JP Morgan Chase has implemented as one of the compensation banks for the FED emergency loan programs.

In another disturbing discovery, The GAO said the 19 September 2008 a William Dudley, Which is now the president of the Fed of New York, A derogation was granted to allow him to maintain his investments in the American International Group (AT) e General Electric (GIVE) at the same time when Aig and Ge received emergency loans. One of the reasons why the Fed Dudley not obliged to sell its holdings, according to the survey, It was that the operation could have given the appearance of a conflict of interest.

Per Sanders, The conclusion is simple. “Nobody who works for a company that receives direct financial aid from the Fed should be allowed to sit at the Fed administration table or be hired by the FED,” he said.

The investigation also revealed that the Fed has allocated most of the emergency programs to his loans to private entrepreneurs, many of which have also been the recipients of loans at very low interest initially and then become secrets.

The Fed has practically allocated all the operations of the emergency loan programs to private companies such as JP Morgan Chase, Morgan Stanley e Wells Fargo. The same companies also received thousands of billions of dollars in Fed loans with almost null interest rates. Overall about two thirds of the contracts that the Fed has concluded to manage its emergency loan programs took place without tender. The largest contract without tender was concluded with Morgan Stanley, the value of 108,4 million, to help manage the bailout of AIG by the Fed.

A more detailed investigation of the Gao on potential conflicts of interest in the FED is already foreseen for the 18 October, But Sanders said one thing is already evident. “The Federal Reserve must be reformed to meet the needs of families of workers, not only to CEOs of Wall Street.”