Is Anyone Minding the Store?

Want to know what an Ivy League education will get you?  

Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed’s expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed’s $2 trillion portfolio really are.

Here’s a question? Have you done anything or is it your job to just get in the fucking way? Have you ever just wanted to grab one of these SOB’s by the throat and just shake the truth out of them?

Sometimes a picture says more than words.

This was the FED’s balance sheet up until 2007.

fr_borrowing_2007

This is what has happened to the FED’s balance sheet from 2008.

fr_borrowing_2008

For all you defaltionists out there … this Bud’s for you.

Photobucket

Nuff said.  (:o)

3 comments

    • Inky99 on June 19, 2009 at 9:50 am

    is to own one.

    That’s the name of a book which I keep intending to read.

    This is just a simple case of that.  Someone gives you the power to print money.   Damn!   You don’t even have to account for it!  

    Print up a few suitcases full, for you and all your friends!

    Then take a vacation in the Cayman Islands, taking a special tour of their safe deposit boxes.

  1. with the Fed in an oversight position, not only will we not know where the Fed’s money is going – we won’t know where any of the banksters’ money is going.

    Check out these charts.

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