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-   -   Which foreign nations got 0.5 trillion USD? (http://www.professionalsoldiers.com/forums/showthread.php?t=24210)

nmap 07-21-2009 17:18

Which foreign nations got 0.5 trillion USD?
 
Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

The link is to a 5 minute 11 second video showing questioning of Fed Chairman Bernanke. It seems he does not know which foreign central bank received half-a-trillion dollars from the Federal Reserve.

Rhetorical Question: What happens if a foreign central bank cannot pay the Fed back?

Snarky comment: Such a deal!

LINK

Richard 07-21-2009 18:46

Quote:

It seems he does not know which foreign central bank received half-a-trillion dollars from the Federal Reserve.
I think a better analysis would not be which bank - but which banks - as I would surmise the loans in question involve either most or all of the world's central banking systems.

Quote:

Rhetorical Question: What happens if a foreign central bank cannot pay the Fed back?
Ask the WMF what happened when Brazil could not meet her repayment schedule and its impact on the EU. ;)

It's a faith based system - and - OBTW - which nation has the reputation of historically being the lone wolf in meeting its financial obligations - a rhetorical question.

Is it the fishing season already...or is this just another question of faith? ;)

Richard's $.02 :munchin

ZonieDiver 07-23-2009 14:04

It seems to me that Rep. Grayson will find he has very well-funded primary opposition for his next election campaign, and if he survives the Dem primary, he will face a very well-funded Rep. opponent.

He asks questions a lot of people don't only not want answered - they don't want them asked!


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