During his questioning of Federal Reserve Chairman Ben Shalom Bernanke before the House Financial Services Committee, U.S. congressman Alan Grayson (D), representing Florida’s 8th congressional district (Orlando, Ocala, Eustis), burst out laughing at Bernanke’s hubris.
(21 July 2009)
Grayson’s questioning focused on the Fed’s handouts to FOREIGN central banks in Europe and other countries. These “Central Bank Liquidity Swaps” rose from a total of $24 billion at the end of 2007, to over $553 billion by the end of 2008.
Grayson: “So who got the money?”
Bernanke: “Financial institutions in Europe and other counries.”
Grayson: “Which ones?”
Bernanke: “I don’t know.”
Gryson: “Half a trillion dollars and you don’t know who got the money?”
It gets even better.
3:02 -
Grayson: “Well, look at the next page [in Bernanke's written report], the very next page has the U.S. dollar nominal exchange rate, which shows a 20 percent increase in the U.S. dollar nominal exchange rate at exactly the same time that you were handing out half a trillion dollars. You think that’s a coincidence?”
Bernanke: “Yes.”
Grayson: “hah-hah-hah-hah!”
And really, can Ben Bernanke possibly be so ignorant of the history of the institution that he heads not to know what year the Federal Reserve Act was passed (under very shady circumstances) by the U.S. congress?
Anyone who is interested in the nefarious origins of the Federal Reserve must read the great book by G. Edward Griffin, “The Creature from Jeckyll Island.”
You can watch the entire hearing on the C-SPAN web site:
http://c-span.org/Watch/Media/2009/07/25/HP/R/21294/Monetary+Report+TARP+Funds+Regulatory+Overhaul.aspx
You can contact Rep. Grayson and tell him “thanks” at http://www.youtube.com/user/RepAlanGrayson
Duration : 0:5:10
[youtube 00ECLxK2YTs]
March 9th, 2010 at 8:19 pm
ok…maybe after he …
ok…maybe after he takes office he can liberate canada. should be easy…except those pesky british might show up again.
March 9th, 2010 at 8:19 pm
@flyboymd82 …
@flyboymd82 Grayson was one of the Watchdog lawyers going after the corruption of Blackwater and other War Profiteers before anyone else ..so you don’t know your from a hole in the ground
March 9th, 2010 at 8:19 pm
PAUL IS OURS! …
PAUL IS OURS! Please, don’t try and steal our only decent representative.
March 9th, 2010 at 8:19 pm
However, he …
However, he co-sponsored Paul’s bill to end the fed.
March 9th, 2010 at 8:19 pm
Grayson is a smart …
Grayson is a smart guy .. smarter than most of the morons that make up the republican members of congress and the people who testify before the committee..Bernanke is just covering up the corruption
March 9th, 2010 at 8:19 pm
Grayson is a …
Grayson is a disgrace to the Congress. He’s a propaganda spewing libtard, not to mention an arrogant asshole.
March 9th, 2010 at 8:19 pm
@UberUdder09
…
@UberUdder09
EFFING THANK YOU MAN!!!
March 9th, 2010 at 8:19 pm
I agree that our …
I agree that our entire economy, and the world’s for that matter, cannot be backed by gold. We can build houses, roads and products that expands the available goods but we cannot create more gold. If money were hard-set backed by gold, we’d experience horrendous deflation as the economy expands but gold reserves stay fairly stagnant. Buy a house $10, anyone?
March 9th, 2010 at 8:19 pm
Google “Petition …
Google “Petition End Federal Reserve”
Sign petitions to shun down the fed secrecy. If you are scared, use your pen name. ACT NOW!
March 9th, 2010 at 8:19 pm
mr . grayson…i …
mr . grayson…i have a job for you in canada….bring ron pual with you
March 9th, 2010 at 8:19 pm
Bernanke is a giant …
Bernanke is a giant a** hole.
March 9th, 2010 at 8:19 pm
hahaha. great point
hahaha. great point
March 9th, 2010 at 8:19 pm
If you are a …
If you are a Christian, you should be ashamed for saying that.
March 9th, 2010 at 8:19 pm
those two jews were …
those two jews were so angry that someone questioned them stealing the White Christian Americans’ money
March 9th, 2010 at 8:19 pm
kyke
kyke
March 9th, 2010 at 8:19 pm
｜ ｜ ┣┓ ┏┓ copy/ …
｜ ｜ ┣┓ ┏┓ copy/paste if this
┗┫━━ ┃ ━━┣┛ ┣┫ ******* wasted ur
┃ ━━━━━ ┃ ┏┳┫┣┳┓ time and you
┗━━┳━┳━━┛ ┃ ┃ just wanna see
━━━━┃ ┃ ┗━┳┳━┛ this assbelonker drop dead. ********
March 9th, 2010 at 8:19 pm
Mr.Bernanke smacks …
Mr.Bernanke smacks that Politician around now he doesn’t ride with training wheels in the hearings anymore. I hope he slaps these silly congressmen around more in the next four years of twice yearly hearings. Chairman Frank is right to gavel Mr.Grayson.
March 9th, 2010 at 8:19 pm
Alan Grayson is not …
Alan Grayson is not to be trusted too.
I trust Bernanke more than him.
watch?v=-usmvYOPfco
March 9th, 2010 at 8:19 pm
BERNANKE
BANKER
…
BERNANKE
BANKER
WANKER
Does Masturbation cause Hair Loss?
hahaha…
Big Ben ..the BANKER from the Queen…
hahaha…
I think we can call BEN BERNANKE a WANKER……
March 9th, 2010 at 8:19 pm
@se7ensnakes
…
@se7ensnakes
private companies aren’t printing money. The banks and financial institutions, through the fed, can loan a certain amount of money on excess reserves, which increases the money supply by a certain amount. There is a finite amount that banks can lend out. I can see where you’re coming from though. But then again, without fractional reserve banking no one would have access to a house loan.
March 9th, 2010 at 8:19 pm
Sch00ls0ut – …
Sch00ls0ut – fractional reserve banking was a scam when it first began and it is still scam today. Why should some private company manufacture money? Should we let walmart print money? How about Mcdonalds? I believe that money should be created by public officials under the glittering lights of a free media. I dont know about you but i dont know too many people that cannot be corrupted with money.
March 9th, 2010 at 8:19 pm
cont. have to …
cont. have to import more because our products would be so highly priced on a foreign scale, so basically no one is buying our goods or services. If new entrepreneurs cannot get the loans that they need to succeed how is the nation ever going to progress. If people cannot get home or car loans consumer demand would drop even more. You think 10% unemployment is crazy; imagine how many job losses this action will translate to.
March 9th, 2010 at 8:19 pm
my gosh people …
my gosh people before you click thumbs down just listen and try to consider. If the federal reserve were eliminated that means there is no fractional banking which means that banks can’t loan money as most likely everything would have to be backed by gold (which is a ludicrous thought – how are we going to back our entire money supply by gold). That means that no one can get their home or car loan, the value of the dollar would go so high that would negatively impact our trade and we would
March 9th, 2010 at 8:19 pm
Get up, stand up: …
Get up, stand up: stand up for your rights!
Get up, stand up: don’t give up the fight!
American people, don’t tell me,
Heaven is under the earth.
I know you don’t know
What life is really worth.
It’s not all that glitters is gold;
half the story has never been told:
So now you see the light, eh!
Stand up for your rights. come on!
America, Arrest all the bankers, let them pay all the bonusmoney back and nationalise all the banks! Money is to important to trust it to greedy people!
March 9th, 2010 at 8:19 pm
quit talking so …
quit talking so much sense. we all know the federal reserve is run by nameless, faceless people who are bent on destroying america