“REPORTER: What is the proper relationship… what should be the proper relationship between a chairman of the Fed and a president of the United States?

GREENSPAN: Well, first of all, the Federal Reserve is an independent agency. And that means basically that, uh, there is no other agency of government which can overrule actions that we take. 

So long as that is in place, and there is no evidence that the administration, the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don’t frankly matter.

I’ve had very good relationships with presidents.”

Thanks to heroic efforts of Congressman Ron Paul, former Congressman Alan Grayson and Congressman Bernie Sanders to audit the Federal Reserve, we now know that the Federal Reserve secretly lent out 26 trillion dollars’ worth of American money from 2007 to 2010 — much of it to foreign banks.

Twenty. Six. TRILLION. Dollars.

This is a very difficult number to comprehend — but we do now have a way to wrap our minds around it.

At his website usdebt.kleptocracy.us, Los Angeles-based 3D designer Oto Godfrey has created an incredibly powerful series of images to help us actually visualize this much money — in stacks of 100-dollar bills.

Before you see it, try to stop for a minute and think what it will look like. How many stacks do you think there are? How big do you think they will be? I was quite surprised when I saw it for myself.

The website goes into more detail about each category — so I recommend going there and checking it out, and supporting Oto Godfrey’s amazing work.

100 Dollars

Ten Thousand Dollars

One Million Dollars

One Hundred Million Dollars

One Billion Dollars

One Trillion Dollars

One Trillion Dollars

Fifteen Trillion Dollars

Fifteen trillion dollars — or one year’s worth of the US National Debt — is a stack of money that is longer and wider than a football field… and over 2/3rds the height of the Statue of Liberty.

If you add another 11 Trillion to get our total of 26 Trillion, that same stack will now be taller than the Statue of Liberty.

This monstrous mass of paper would look as if a gigantic Borg Cube had completely invaded an entire football stadium — past the ceiling.

Here is a small part of the letter where Congressman Alan Grayson reveals how he found this number, in the newly-audited Federal Reserve balance sheets, to John Hively – “The World’s Most Accurate Economic Forecaster Since 1989”.

CONGRESSMAN GRAYSON: I wouldn’t want anyone to think that I’m dramatizing or amplifying what this GAO report says, so I’m just going to list some of my favorite parts, by page number.

Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each.

The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank.

Page 205 – Separate and apart from these “broad-based emergency program” loans were another $10,057,000,000,000 in “currency swaps.” In the “currency swaps,” the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries….”

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