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11-21-2010, 05:44 AM #1
Which Foreigners Got the Fed's $500,000,000,000?
http://www.youtube.com/watch?v=n0NYBTkE1yQ
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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11-21-2010, 07:19 AM #2
It sure would be nice if the bank would loan me lots of money and not bother to ask my name. Boys and Girls we're in the wrong damn business!
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11-21-2010, 11:23 AM #3Originally Posted by stevetheroofer
http://www.youtube.com/watch?v=rCWXrMCG ... re=related
SEN. SANDERS GOES OFF ON BERNANKE_ 03/03/09
Migrants Breach Fortified Border Barrier, March Through Texas...
05-16-2024, 08:20 PM in illegal immigration News Stories & Reports