Bernanke grilled

[swampwater]

Where did the money go. Swampy

http://www.youtube.com/watch?v=n0NYBTkE1yQ

 

[thomps33]

I don't think Alan Grayson completely understands how the Fed works. The central banks continually swap money. The Fed doesn't have the oversight to see where the money goes, the central banks do. Most currency in circulation is in the hands of foreign countries. In fact, many countries' official currency is the U.S. dollar because they don't have the expertize to handle monetary and fiscal policy. Also, the U.S. dollar is very stable.

 

[Gainster]

Ben Bernanke Was Incredibly, Uncannily Wrong
Posted July 29th, 2009

We now have the diametrical opposite of the famous "Peter Schiff Was Right" video (a compilation of 2006 and 2007 clips in which Schiff, a financial expert who subscribes to Austrian economics, predicted the deep recession that would follow the bursting of the housing bubble).

The new, opposite video is a compilation of the 2005–2007 prognostications of Federal Reserve Chairman Ben Bernanke. In it, Bernanke is shown to have been just as embarrassingly wrong as Schiff was uncannily right.

thomps33 I hope your right about the dollar because China & Russia dont seem to see it that way imo.