Wednesday, July 22, 2009

Another Reason To Audit The Fed!

Rep. Alan Grayson grills Ben Bernanke on Foreign Lending

Half a Trillion....
Which financial institutions received this money? Bernanke's answer- "I don't know".

Gee - what a racket.... The Fed takes US taxpayers money and lends it out to other nations with interest, and of course they get to pocket that interest.

You think Americans need the money more than New Zealanders???

As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer was "Yes".

Ron Paul's comments at that same hearing:

And while we are at it - people should know some things about the creation of the Federal Reserve.

Worth reading - The Creature From Jekyll Island - by G. Edward Griffin. Here is some of what he has to say:

See Fiat Empire - the Movie
Part 1
Part 2
Part 3
Part 4
Part 5
Part 6

Support HR.1207 and S.604
HR. 1207 has majority bi-partisan support in the House.
S. 604 (The Audit the FED Bill) Now has the support of 18 Senators.
Call your Congressmen and tell then to support this legislation.