Easiest thing in the world is to spend someone elses money!

Link:http://beforeitsnews.com/economy/2012/09/first-audit-in-the-federal-reserves-nearly-100-year-history-were-posted-today-the-results-are-startling-2449770.html

Comment:

History says that all the gold ever mined is still in existance and it approx. 160,000 tonnes

If you calculate out the value of said gold using $1,700.00/troy ounce, you will see that the value is just about half of what the FED loaned out from 2007 to 2010.

If you calculate based on the gold held by the U.S. government (if it still has/owns it - 8500tonnes), the monies loaned? out equal 33.9 times the value of that gold.

The sad part is that the lending aint over yet.

And the end result? Don't want to go there today, but someone needs to send these idiots back to school!

Good Luck to all!