Federal Reserve Oblivious of Where $500 Billion Has Gone

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Federal Reserve Oblivious of Where $500 Billion Has Gone

Jul 22, 2009 at 7:11 PM

By Robert Bentley

While testifying before Congress yesterday, Federal Reserve Chairman Ben Bernanke was asked about $500 Billion of U.S. currency being lent to foreign banks. Representative Alan Grayson pressed Chairman Bernanke on what foreign banks received the money. The answer? "I don't know."

Here is the video for your enjoyment:

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Economics

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this video is great. aside from the excellence of someone who is not only not ron paul but is a democrat questioning fed actions on constitutional grounds, bernanke's incompetence is on full display. thanks for posting, robert.

Submitted by Bonnie Kristian on July 22, 2009.

This shows the potential of our movement. With our efforts this year we are likely going to pass a historic piece of legislation and possibly through that topple the emprie.