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My response to the Senator:
Senator Nelson,
FIRST EVER GAO AUDIT OF THE FEDERAL RESERVE.
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the left), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.
What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious — the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
Just sent a letter to Bill Nelson. I'm sure not what he wants to hear.
Here is a copy of my letter to Bill Nelson
Senator Nelson,
I am writing to you today as a concerned citizen and a small business owner here is Florida. I have 20 employees in my small manufacturing business (Yes, there is still one here in Florida). As I try to relate my decisions as owner of this company to the decisions you must make as a representative of our state in the senate, I painfully aware of the decisions we must make and how it affects the ones we represent. There are similarities, though my decisions are on a micro-economic scale and yours are on a macro scale. Here’s what I had to do in my stewardship of my company contrasted to what you and your congress did when faced with the same circumstances. Let me preface by saying that my current circumstances are not the result of any bad decisions or direction on my part. All my customers are still doing business with me and love our products, but volume has dropped 35% due to the economy.
I had to lay off 4 employees.
Our government added employees.
I froze all salaries.
Our government continued to give salary increases and bonuses.
I delayed capital improvements to preserve cash flow.
Our government added the huge stimulus program.
I reviewed our insurance programs and made cost cutting adjustments.
Our government passed a national healthcare program.
So what’s the outcome?
My business is back in the black, although my employees have not received much deserved salary increases, and I personally make a fraction of my income from 3 years ago. But we are surviving in a terrible market.
Our government is broke and cannot pay its bills without another loan from me.
YOU HAVE A SPENDING ADDICTION AND NOTHING FROM THE REAL WORLD THAT I HAVE TO LIVE IN AN MAKE WORK WILL CAUSE YOU TO STOP.
BY BANK HAS A CREDIT LIMIT FOR MY BUSINESS. YOU HAVE A DEBT CEILING. I HAVE TO LIVE WITHIN MY MEANS AN I SEE NO REASON WHY OUR GOVERNMENT CAN’T DO THE SAME.
STOP THE SPENDING AND LIVE WITHIN YOUR MEANS OR WE WILL ALL GO DOWN.
Timothy Sparks
President
Sun Coast Hydraulic Electric Mfg. Inc.
Jacksonville, Fl
here's what I said...
If you're not already aware. This is what's going on in DC while dangerous criminals are allowed back out on the streets. It's horrifying that this is happening to our citizens and veterans for protesting the hijacking of our election process. This is still happening! They are STILL being tortured and treated like full on terrorists.
You may not be aware of the typical things they're forced to go through...…
ContinuePosted by Babs Jordan on August 14, 2022 at 8:44am
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