Half A Trillion Where Did It Go?

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Uploaded by on Jul 24, 2009

In one year (2008), the Federal Reserve increased credit to foreign banks from $24 billion dollars to over half a TRILLION dollars.

Fed Chairman Ben Bernanke seems a little vague on the details.

What banks were the loans made to?

"I don't know."

Well, what countries received the money?

"Europe and other countries."

New Zealand got $3,000 for every man, woman and child.

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  • Grayson, where did you go? LOL!

  • @taedia.fortunata

    Is this the edwardprzydzial account that has been harassing you unmercifully or is eddie hiding behind the mrdreamwhip and emeraldcity accounts to go after you?

  • thissiteisfuckingbad=lmao...

  • New Zealand gets the dollars at zero percent interest. How can you earn interest profits at zero percent?

  • It's not so much about the idea of the money being credited to other countries. It's that they likely handed out a lot of money in a way that may not be constitutional or at the least wasn't passed by congress.  The scary thought is that this group is able to just move 500 million dollars around without approval by congress.

  • Wow, dems are morons...

  • @makilgore06

    no amout of money was GIVEN, its a swap as he (ben) clearly states.

    i dont think you realise that if you "give" out dollars to countrys that doesnt use dollars as their main currency, those countrys have to at some point use the money in america since dollars really has NO value outside countrys that really uses it.

    also, he states that the countrys pay interest rates for the money.

  • ......why? whats wrong here?

  • @patbarkley He did ask which ones. "I don't know" was the response. And New Zealanders are not Americans, so why should Americans be giving them anything?

  • "What banks were the loans made to?"

    The foreign central banks. If you want to know who they lent to, you should ask them.

    "New Zealand got $3,000 for every man, woman and child"

    That's terrible. They also gave us $3000 for every man, woman and child. So what?

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