In 2008, Newsweek called Ben Bernanke the world’s 4th most powerful person.Bernanke is the Chairman of the Board of Governors of the US Federal Reserve System.In this video, you will see Alan Grayson (Democratic Congressman in Florida) asking Bernanke some tough questions.He and the American people would like to know where 500 billion dollars went in Europe.Bernanke gives little information on anything but does his best to convince Grayson that what they are doing in the Federal Reserve System is legal.He simply states how in 1913 Congress voted the Federal Reserve Act into existence.Don’t forget, when this was voted on there were only 3 Congressmen on the floor.The act only needed 2 votes to pass!!!
This telling exchange took place today, Tuesday, July 21, 2009.(5-minute video clip from C-SPAN)
Thanks for posting the video link in your blog post. I'm not an expert on the Federal Reserve but to dish out that kind of money to foreign banks doesn't seem to make sense to me. Money seems to be leaving the country when at the same time we're suffering more and more in national debt. This chairman gives responses making it seem almost like these actions are similar to criminal activity, judging by what the congressman read from the constitution. How is this being done? Are they just trying to abuse the Federal Reserve Act?
Sabrina, I guess I'm a little confused as to what these men (Obama, Bernanke, etc.) have DONE to gain your devout trust?? Do you really not question anything they say?
Thanks for posting the video link in your blog post. I'm not an expert on the Federal Reserve but to dish out that kind of money to foreign banks doesn't seem to make sense to me. Money seems to be leaving the country when at the same time we're suffering more and more in national debt. This chairman gives responses making it seem almost like these actions are similar to criminal activity, judging by what the congressman read from the constitution. How is this being done? Are they just trying to abuse the Federal Reserve Act?
ReplyDeleteHe clearly explains that it was to keep global interest rates down.
ReplyDeleteSabrina, I guess I'm a little confused as to what these men (Obama, Bernanke, etc.) have DONE to gain your devout trust?? Do you really not question anything they say?
ReplyDeleteSorry Sabrina....I guess that was Ryan Whitcomb's comment??? The same question still applies though, to both of you.
ReplyDelete