Interesting Math Problem

$182 BILLION of your tax dollars goes to AIG, cause we couldn't let THEM fail. After all, our government's friends in the banking and insurance industries couldn't possibly be left on the hook for the bets they placed. Somebody had to bail them out, why not you and me?

$23.3 BILLION has been recuperated so far by selling it back.
$158.7 BILLION is what we are still owed.
$30 BILLION is the value of what we still have.

$128.7 BILLION is ... well, I guess I don't have an answer. Where is it? Who'd we give it to? Why the fuck did we throw $130 BILLION into a fucking sink hole?

Fear not, my friends, for our government's pals at AIG have turned that baby around and made it profitable once again. They're expected to haul in about $7.4 BILLION in free and clear profit. So... Now that they're profitable... NOW is the time we're going to give up our controlling interest? The fuck?

Meanwhile, the CEO, Robert "Math Whiz" Benmosche has the fucking audacity to claim they will pay our government back "plus a profit." Maybe I'm not that good at subtraction, and I am certain there is a lot going on that I don't understand, but he should probably shut his fucking pie hole and stop pretending like he's doing us some sort of a fucking favor.

Pardon my French there. Its just that I'm a little pissed off is all...

THIS is whyipaytaxes.
read more: Treasury to Cut AIG Stake Below Half in $18B Sale(abc)

The Federal Reserve Gave Away Our National Debt

I don't even keep this blog updated any longer, but this one... wow. This one has to be logged somewhere so I can turn back to it on those rare occasions where I have hope for humanity. If I ever get to thinking that maybe America hasn't peaked and maybe some of our best days lie ahead of us, this is where I'll turn to crush those thoughts and remind myself that we have turned a corner from which there is no coming back, that the power structure in place has stacked the deck in its favor so thoroughly that they won't even have to maintain the facade of 'equality' for much longer. They can do as they please and our only recourse is to watch them pillage and plunder as they see fit.

Thanks to Senators Ron Paul and Alan Grayson, the GAO (Government Accountability Office) has conducted an audit on the Federal Reserve. Of course with folks like Ben Bernanke, Alan Greenspan and other bankers fighting this audit tooth and nail, claiming catastrophic damages to the world economy (hmmm, notice a pattern anyone?), the language of the bill got watered down to avoid a thorough audit. Check out what just a peek under the rug has shown:

In the 2.5 years from December 2007 to June 2010, The Federal Reserve, who "was founded by Congress in 1913 to provide [our] nation with a safer, more flexible, and more stable monetary and financial system" has proven they no longer have the American people in mind when making their decisions. Instead, they seek only to give our tax dollars to their friends in the banking system throughout the world.

• In those 2.5 years, they gave over $16 TRILLION ($16,000,000,000,000) to failing banks and corporations.
• This cash was sent around the world - they didn't even give all this money to banks and corporations in our country. (Not that multi-nationals are even really from our country anymore...)
• They did this without public discourse.
• In fact, they didn't even tell Congress in order to avoid any private discourse.
• It wasn't discussed by anyone. The few in charge made the decision to give it all away.

For perspective on what $16 TRILLION means to the U.S.

• Our national GDP is $14.12 TRILLION
• Our national debt is $14.5 TRILLION
• Yes. They gave away more than everything we are worth in a year.
• Yes. If they hadn't done this, we wouldn't have ANY national debt. (I'm not going to prove the math, but the logic is there.)

Imagine how different our national discussion would be right now if we weren't trying to get our heads around a skyrocketing national debt. Imagine what we could focus on if we weren't being subjected to scare tactics about tax increases and how hard our kids are going to have it. Imagine if our surplus were used to reinforce our safety net. If you and I could count on social security and medicare to still be a real thing when we retire and need it most.

Screw our country, lets take the whole of humanity perspective. Imagine if this money had been used to feed the hungry or stamp out disease in third world countries. Imagine if we used this money to really start finding a way to reduce our dependency on this planet. NASA gets a $20 BILLION budget while the Fed gets to use $16 TRILLION to pick and choose its favorite banks and corporations. Check that. They don't pick their favorite banks and corporations - they get to pick their favorite bank and corporation OWNERS.

So, who the fuck is so important that we'll give away 'loans' (at 0% interest with no payback requirements) of this magnitude? Here's a list of the ones we are now aware of. I'm afraid of what we aren't aware of, because the Fed obviously doesn't think it should be checked or balanced by any other branch of our government and that they don't have to tell us shit about what they are doing with our money.

• Citigroup - $2.513 TRILLION
• Morgan Stanley - $2.041 TRILLION
• Merrill Lynch - $1.949 TRILLION (failed anyway, became a part of Bank "of" America)
• Bank of America - $1.344 TRILLION
• Barclays - $868 BILLION (A bank from the United Kingdom)
• Bear Stearns - $853 BILLION (failed anyway, became a part of JP Morgan Chase)
• Goldman Sachs - $814 BILLION
• Royal Bank of Scotland - $541 BILLION (Another bank from the United Kingdom)
• Deutsche Bank - $354 BILLION (A bank from Germany)
• United Bank Suisse - $287 BILLION (A bank from Switzerland)
• JP Morgan Chase - $391 BILLION
• Credit Suisse - $262 BILLION (Another bank from Switzerland)
• Lehman Brothers - $183 BILLION (failed anyway)
• Bank of Scotland - $181 BILLION (Yet another bank from the United Kingdom)
• BNP Paribas - $175 BILLION (A bank from France)
• Wells Fargo - $159 BILLION
• Dexia - $159 BILLION (A bank from Belgium)
• Wachovia - $142 BILLION (failed anyway, became a part of Wells Fargo)
• Dresdner Bank - $135 BILLION (Another bank from Germany)
• Societe Generals - $124 BILLION (Another bank from France)

And then there is a catchall line item:

• All other borrowers - $2.639 TRILLION (What the fuck does all other borrowers mean?)

So the next time Romney tries blaming Obama or Obama tries blaming Bush for the mess we are in, remember, we shouldn't even be in a fucking mess right now. Our own Central Bank took it upon themselves to ensure our national debt reached epic proportions in order to ensure their friends in the banking system did not take losses on the bets they placed. Instead, they used their unchecked power to SECRETLY ensure WE took the losses on the bets THEY placed.

I don't really see anything we can do about this. But, for the love of your country, if you still bank with any of the entities above, at the very least, pull your money out immediately. Buy some silver and just take as much of your money right out of the financial system as you can.

We need to be rioting in the streets, but they pay the law enforcement that will be forced to lock us up to shut us up. And should we try to organize, they'll use their friends in the media to paint us as a bunch of crazy left wing fanatihippies.

THIS is whyipaytaxes.
PLEASE read:
The GAO report itself
Senator Bernie Sander's post about the audit
First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! (BIN)
I had thought I seen the worst of it back in November: Of the people, but not for the people(wipt)