More than 10 times last year's federal deficit. More than the best GDP America ever had. More than all the outstanding commitments of US Social Security.
A stack of 16 trillion dollar bills would be 4 times higher than the distance from the Earth to the Moon and weigh twice as much as the Golden Gate Bridge.
That's what was given away in 0.5% loans to the richest banks on Earth. Banks in Britain, Singapore and Russia, China and Korea. And to the banks owned by the men who are themselves the board members of the Federal Reserve.
If you're an American citizen, that's your money they just gave away. All of it. 4 times as much money as the budget that Obama can't get passed. With a stroke of a pen, given away for a peppercorn interest.
And these loans have nothing to do with TARP. They date to as recently as last year and they were just extended to run through next year.
Which means, same as the government's emergency powers, they will be extended forever.
The good news is you are no longer owned by the US Federal Reserve. Your old master has sold you. And your new master doesn't really care if you pay taxes or keep up your mortgage. Or if you breathe. Or if your children breathe. That's no longer anything anyone's going to worry about.
The last American assets have been sold.