Banker/Government Theft Could Reach $23 Trillion?

Bernanke goes before Congress today. How will he explain the ongoing criminal activities of the Federal Reserve? What lies will he tell to justify the Fed's continued existence?

A series of bailouts, bank rescues and other economic lifelines could end up costing the federal government as much as $23 trillion, the U.S. government's watchdog over the effort says - a staggering amount that is nearly double the nation's entire economic output for a year.

If the feds end up spending that amount, it could be more than the federal government has spent on any single effort in American history.

For the government to be on the hook for the total amount, worst-case scenarios would have to come to pass in a variety of federal programs, which is unlikely, says Neil Barofsky, the special inspector general for the government's financial bailout programs, in testimony prepared for delivery to the House oversight committee Tuesday.

The Treasury Department says less than $2 trillion has been spent so far.

Still, the enormity of the IG's projection underscores the size of the economic disaster that hit the nation over the past year and the unprecedented sums mobilized by the federal government under Presidents George W. Bush and Barack Obama to confront it.

In fact, $23 trillion is more than the total cost of all the wars the United States has ever fought, put together. World War II, for example, cost $4.1 trillion in 2008 dollars, according to the Congressional Research Service. {more}

Auditing and then abolishing the Federal Reserve is the start of a solution. Of course no one believes that the Congress and Treasury Department would do a better job on monetary policy unless they have an incentive to do so. That incentive would have to be staying out of prison. Until we jail the criminals who are stealing our future as an example of what will happen to those who are thieves, there will be no 'change.'

This fact remains.....Congress doesn't have the guts to do anything. Too many of them are bought and blackmailed. Honesty in the federal government is virtually non-existent.

Unless the criminals are stopped, we will soon see a move towards global currency. After that the scenarios are bleak, including the loss of our sovereignty.