Here’s a little story…
["That's too complex!!! Who's gonna judge American Idol???!? Is Anderson Cooper really getting married?!?"]
On December 14, 2011, Federal Reserve Chairman Ben Bernanke reportedly told Republican Senators that he did not have the intention or authority to use taxpayer dollars to bail out troubled European banks, but a “currency swap” program extended by the Fed on November 30, 2011, led to nearly $95 billion in loans to the European Central Bank in December 2011 alone.
…For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank’s emergency-lending programs remains so secretive that names of borrowers may be hidden from the Fed itself.
…“Chairman Bernanke can dress it up in whatever language he chooses, but these ‘currency swaps’ are nothing more than massive bailouts of European banks,” said Judicial Watch President Tom Fitton. “That we have to sue to get basic information about this massive bailout speaks volumes about the dubious nature of this under the radar program.”
No [public] consultation with / approval of Congress.
No [public] consultation with / approval of P∅TUS
No [public] consultation with / approval of The American Citizen.
The GDP [Global Domestic Product] of the entire planet: $65 trillion
The Derivatives Market Losses: $650 trillion
Ok. Now what?