Alan Grayson - Which Foreigners Got the Fed's Load Of Money? - Ben Bernanke Says "Duh, I Don't Know"
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We loan money to foreign banks to make the dollar cheaper against their currency. When we want to make foreign currency CHEAPER against the dollar, we borrow THEIR money. This is how currency bonds work. Econ 101 RTFM
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Go Grayson! As an American practicing med in foreign countries, the "coincidental" exchange hike as they loaned DOLLARS to foreign banks has cost me & other US citizens a fortune in simple currency exchanges. WTF, Bernake? How can you say that this is OK? New Zealand doesn't need 3K each, the US does. We'll happily take & spend it right here in the US, which will stimulate our economy & strengthen the dollar. So much is wrong. How about doing something just mildly responsible for a change?
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How would he know!? He explained it clearly, it's at the discretion of the banks they lent the money to in the first place.
Imagine you going to a bank, depositing money (which they take 90% of and loan away) and asking the clerk to specify every person they loaned it to. Utter nonsense , Bernanke has a good point
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jews behaving badly. americans are clueless sheep.
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Anyone who cant see the faud in these fuckers needs to be shot in the face. The American people have been sold out and robbed. Americas brainwashed, we have to be in order to let dumb shit like this get by us. I think an awakening is on the horizon, or atleast I hope it is.................. Good luck though the crash zombies! hahahahaha
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Grayso is a very heavy hitter. Brains and guts.
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Bernanke=PWNED!
2 years ago 2
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What the hell!!?
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This Grayson guy beats up the cheap labor capitalist at their own game. lol
MartyCarducci 2 years ago 3
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people. -THOMAS JEFFERSON
MyImago 2 years ago 3