Priceless. The representative in question is Alan Grayson (D).
Grayson: "So who got the money?"
Bernanke: "Financial institutions in Europe and other countries."
Grayson: "Which ones?"
Bernanke: "I don't know."
Gryson: "Half a trillion dollars and you don't know who got the money?"
---
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!"
________________________________________________________________
"All the perplexities, confusion and distress in America [or anywhere else IMO] arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation." - John Adams
Central banking and money explained: Fiat Empire
'Bout time someone laughed at the clown.
ReplyDeleteHey, that's your Federal Reserve chairman there! Don't criticise your public officials who are working to deliver jobs and prosperity!
ReplyDeleteHonestly, how people don't see through Obama when he re-appoints that demon...
(though of course it wasn't really his choice, but still...)
ReplyDelete