Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

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Uploaded by on Jul 21, 2009

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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Top Comments

  • DOES NOBODY NOTICE THE SLEEPING DUDE IN THE BACK AT ALL

  • I uncontrollably vomit when I listen to Ben Bernanke speak.

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  • Watch Grayson making Bernanke squirm. Hoo Yah!

  • Global maffia at work...

    Ron paul 2012 !!!!!!

  • @cbasallie Yeah man I couldn't agree with you more. Peter Schiff's analogy was right: these guys are a bunch of kids playing with a chemistry set, and instead of finding some great cure, they're going to blow us all up!

  • Ben Bernanke = Zionist Jew

  • LOL i just thought that, whatever question Grayson asks, he knows the answers!!! :D it's good

    and then this should be spread!

    /watch?v=FSaeRHE4_fo

  • Lending out fiat currency brings down interest rates in other nations?

    Really?

    So devaluing the American dollar helps other nations lower the percentage of return that they get for lending out this currency?

    Is this Bernake's point?

    So....why...

    How is the fact that foreign bankers now earn less interest....a justification for devaluing the wealth of US citizens.

    It's like listening to 5 year olds speak some newly invented jibberish language.

    A senseless game they're playing..

  • That chick over Bernanke's shoulder is smokin hot.

  • Yay go New Zealand! Youtube says our country's name is a spelling mistake if you type it in the comments section yet we can get 9Bil from the US.

  • /watch?v=nEUh9s6QYr4&feature=r­elated

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