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TRILLION DOLLARS FOR WHOM ???

WE SHOULD REJOICE ??? Congress has passed a Federal budget that includes annual deficit spending of over a trillion dollars annually. Who benefits ??

ANSWER: Every dollar of deficit spending is a dollar of profit for Wall Street bankers that is concealed from Congress and the people by the FRBNY’s exclusive handling of auction accounts for Treasury securities.

HOW IS IT DONE ? Every dollar of deficit spending requires the Treasury to send a Treasury security to the FRBNY. The FRBNY will then credit a government account for the value of the security. Voila !!! The book entry money will be spent by the Treasury. New money has been added to circulation and inflation has been assured. (NOTICE: The Fed merely created the book entry money—it did not “print” the money. Treasury prints the money and sells it to the Fed { 4.807 cents for G. Washington; 11.798 cents for B. Franklin—2010 costs}).

The Treasury can now pay for billion dollar aircraft that cannot fly and social programs for food stamps and welfare recipients that cannot work. But what happens to the Treasury security that was sent to the Fed ??    Obviously, they can not accumulate in the FRBNY.   It becomes another security mingled with the $8 trillion that are annually auctioned to roll-over prior debt..

Funds from the auctioned securities flow to the FRBNY for their exclusive handling. If the funds were credited to the government (as are the funds for securities auctioned for rolling over prior debt as purchased from Primary Dealers.) there would be no increase in the national debt nor would there be an increase in the money in circulation (inflation). The funds from deficit spending securities cannot be expensed to the government—but then where do they go ?? The only alternate destination is to the owners of the Federal Reserve system or to the owners of the Board of Governors (unknown owners included in the Primary Dealers).

This money to the owners does not show up in any report to Congress or any public record. The BOG establishes the guidelines for audits that are submitted annually to Congress. Records of auctioned securities are not included in the audit.

Profit of the Fed legally belongs to the government. Hiding money that belongs to the government is a crime.

Why does Congress not audit the auction accounts of the Fed ?  (Title 31, section 714 does not prohibit it.)  Because Wall Street owned entities, including all major businesses, are the largest contributors and source of perks for political candidates. They buy their way out.

What does Wall Street do with the embezzled trillion dollars?   They can pay themselves $10 to $100 million annual remunerations, fund the New World Order, and will reduce the U.S. to the status of Haiti when they collect on the $17 trillion U.S. debt..

Ref:
http://www.scribd.com/doc/101937790/Federal-Reserve-Heist
http://www.scribd.com/doc/115919607/FUNDING-THE-NEW-WORLD-ORDER
http://www.scribd.com/doc/48194264/rip-off-by-the-Federal-Reserve-revised