Exponential Advancement

To place $16 trillion into perspective, remember that the GDP of the United States is only $14.12 trillion.

 

 

The budget that is being debated so heavily in Congress and the Senate is “only” $3.5 trillion.

 

Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill:There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.

 

In late 2008, the TARP Bailout bill was passed — and loans of $800 billion were given to failing banks and companies. That was a blatant lie — considering the fact that Goldman Sachs alone received 814 billion dollars.

 

As it turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.