{"id":690,"date":"2011-10-14T09:42:11","date_gmt":"2011-10-14T13:42:11","guid":{"rendered":"http:\/\/xal.li\/eri\/?p=690"},"modified":"2011-10-14T09:42:11","modified_gmt":"2011-10-14T13:42:11","slug":"more-than-the-entire-gdp-of-the-usa-was-given-away-literally-in-secret","status":"publish","type":"post","link":"http:\/\/xal.li\/eri\/everything\/more-than-the-entire-gdp-of-the-usa-was-given-away-literally-in-secret\/","title":{"rendered":"MORE THAN THE ENTIRE GDP OF THE USA WAS GIVEN AWAY, LITERALLY, IN SECRET"},"content":{"rendered":"

\"\"<\/a>The Gross Domestic Product of the United States of America was, at it’s peak in 2008, $14.119 Trillion. Here, see for yourself<\/a>.<\/p>\n

SIXTEEN TRILLION DOLLARS WAS GIVEN OUT IN SECRET BY THOSE WHO MANAGE THE FED TO BANKS THAT PAY THOSE MANAGERS BONUSES.<\/a><\/b> (Source: http:\/\/sanders.senate.gov\/)<\/p>\n

Raise your hands if you have any idea how much $16,000,000,000,000.00 is.<\/p>\n

Here’s a quote from the link, just in case you don’t have the time:<\/p>\n

<\/span><\/p>\n

“For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed.  Moreover, JP Morgan Chase served as one of the clearing banks for the Fed’s emergency lending programs.<\/span>
\n<\/span>
\n“In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds.<\/span>“
\n<\/span><\/p><\/blockquote>\n


\nWhat nails my head to the wall is that this shows that the people in charge of the Fed don’t understand money at all. Money has no intrinsic value. It’s what money does<\/em> that has value. It’s money in motion<\/em>, like a moving electrical charge, that creates value.<\/p>\n

Sixteen TRILLION dollars is around $43,000 for every man, woman, and child in the USA. If that money had been given to US, as it probably should have been, seeing as it’s our missing share of the GDP for the past THIRTY YEARS, the vast bulk of us would have used it to pay down bloated mortgages, pay off debts and student loans, invested in our own small businesses to employ people and provide missing necessary infrastructure — and all of those options end up with the money IN THE BANKS, and THEN they can pay themselves their goddamn bonuses. Even the people who’d have blown it on crap would have bought things, employing people at the factories. Sure there’d have been some inflation, but not too bad if we kept an eye on price gouging.<\/p>\n

Instead they built up a thirty-year wad of charge and SHORTED IT STRAIGHT TO GROUND instead of running it through the machine that creates value for money. And we won’t get it back unless we burn down the banks.<\/p>\n

You think things were bad before? Wait until you see what happens when we try to get that money back.<\/p>\n

[*]
\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Gross Domestic Product of the United States of America was, at it’s peak in 2008, $14.119 Trillion. Here, see for yourself. SIXTEEN TRILLION DOLLARS WAS GIVEN OUT IN SECRET BY THOSE WHO MANAGE THE FED TO BANKS THAT PAY THOSE MANAGERS BONUSES. (Source: http:\/\/sanders.senate.gov\/) Raise your hands if you have any idea how much […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1rL5j-b8","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/posts\/690"}],"collection":[{"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/comments?post=690"}],"version-history":[{"count":0,"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/posts\/690\/revisions"}],"wp:attachment":[{"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/media?parent=690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/categories?post=690"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/xal.li\/eri\/wp-json\/wp\/v2\/tags?post=690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}