Dwarfing earlier multi-billion dollar bailouts, Bloomberg News reports the Federal Reserve says it is prepared to give up $7.76 trillion on behalf of taxpayers to thaw the credit markets.
At this point, no one knows where the money is going. The Fed refuses to tell the press exactly who received the $2 trillion of emergency loans already doled out. Bloomberg is working on a FOIA (Freedom of Information Act) request to find out.
After a while you have to start asking yourself: Where is all this money coming from, and where exactly is it going?
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Where is all this money coming from? That’s a good question, seeing as we’re already trillions in debt (maybe somewhere around $11,000,000,000,000? but I can’t remember). At some point the people of this country (and the world at large) are going to realize that this money just doesn’t exist in any reality. It’s ”money” that’s been electronically created and filled in on spreadsheets, or is possibly backed by extra dollars printed by a private corporation (the Federal Reserve Bank), which has no real backing anymore, as the gold standard was dropped in 1973. Our world is all fake, a lie, and it will soon come crashing back to reality with a screaming, deathly roar.