Alan Grayson grills Ben Bernanke on Foreign Lending 07 21 2009

At the same time the Federal Reserve made foreign banks rich with $553 Billion dollars in order to keep US interest rates down (easy credit), the Fed was paying US banks not to loan to Americans (tighten credit). Rather than raising US interest rates and letting the market go thru a correction, it would rather waste more money paying banks not to loan and prevent people from getting higher interest rate savings. This is all being done to drive us into massive debt we can't recover from and force us to accept a world currency.

Video: Kucinich: The Federal Reserve is paying banks NOT to make loans:
http://www.youtube.com/watch?v=03JKpQsCQQ4

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Category:

News & Politics

Tags:

• economy
• bernanke
• grayson
• alan grayson
• budget deficit
• currency swaps
• interest rates
• dollar markets
• Ron Paul

[shadetree6981]

What's up with the quick skip @ 3:14? Sounds like they censored who Grayson said got the money right before he asks Helicopter Ben if he thought it was a coincidence! Hmm...

[kimpunkrock]

God Bernacke makes me so fucking mad I could hardly listen to this video without wanted to fucking smash his face in with my boot.

[kimpunkrock]

thanks for uploading!