This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or 'central liquidity swaps' in Federal Reserve-ese').
Which financial institu...
This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or 'central liquidity swaps' in Federal Reserve-ese').
Which financial institutions received this money? Bernanke's answer: I don't know.
As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer: yes.
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THE FED IS PRIVATELY OWNED. Haha. "half a trillion dollars and you dont know who got the money"?.... Haha.. absolutely no accountability, how is this.. How is the Fed not a glorified mafia.
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Haha. "half a trillion dollars and you dont know who got the money"?.... Haha.. absolutely no accountability, how is this.. How is the Fed not a glorified mafia.
STOP THE PLUTOCRACY NOW