Paul, Bernanke, Waxman and $12 Billion in Cash Squandered

On February 24, Rep. Ron Paul asked Fed mob boss Ben Bernanke about $12 billion in cash. Paul said “a lot of cash was passed through — and a lot of people suppose it was passed through the Federal Reserve — when there was a provisional government [in Iraq] after the 2003 invasion. That money was not appropriated by the Congress as required by law.”

“Congressman, these specific allegations you’ve made are absolutely bizarre, and I have no knowledge of anything remotely like what you just described,” Bernanke responded.

Bizarre? Apparently Helicopter Ben does not have a grasp on the recent history of the “federal” agency he administers.



Last July Rep. Henry Waxman, chairman of the Oversight and Government Reform Committee, addressed this very issue.

“In a 13 month period from May 2003 to June 2004, the Federal Reserve sent nearly $12 billion in cash, mainly in $100 bills from the United States to Iraq,” Waxman explained. “To do that, the Federal Reserve Bank in New York had to pack 281 million individual bills … onto wooden pallets to be shipped to Iraq. The cash weighed more than 363 tons and was loaded onto C-130 cargo planes to be flown into Baghdad".'

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Bernanke and the Corruption of Washington Culture

The Senate Finance Committee overwhelmingly voted to approve Federal Reserve Board Chairman Ben Bernanke for another 4-year term. This is a remarkable event since it is hard to imagine how Bernanke could have performed worse in his last 4-year term. By Bernanke’s own assessment, his policies brought the economy to the brink of another Great Depression. This sort of performance in any other job would get you fired in a second, but for the most important economic policymaker in the country it gets you high praise and another 4-year term.'

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Congressmen Grayson and Paul Ask Senate Banking to Delay Confirmation of Bernanke Until Fed Releases Information on Secret Bailouts

We are writing to ask you to postpone the confirmation of Ben Bernanke until the Federal Reserve releases documentation that will allow the public and the Senate to have a full understanding of the commitments that the Federal Reserve has made on our behalf. Without such an understanding, it is impossible to know whether Chairman Bernanke is fit to serve another term and fulfill the Federal Reserve’s dual mandate to ensure price stability and full employment.

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Federal Reserve Rejects Request for Public Review

The institution which creates and oversees America's currency wants to keep a "low profile," according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so.

According to Bloomberg News, the Federal Reserve Bank will not submit to a voluntary public study of its internal structure and methods of governance, as it was requested to do so by Treasury Secretary Timothy Geithner.

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Grayson Grills Bernanke on Foreign Lending

Bernanke Threatens Economic Collapse If Fed Audited

Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned by Rep. Duncan on Thursday about his response to the fact that a majority of Congress co-sponsoring Ron Paul’s H.R. 1207 bill to audit the Federal Reserve.

Bernanke clearly regarded the bill’s intent as hostile to the institution he represents:

“My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”

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Federal Reserve to Hire Ex-Enron Lobbyist in PR Move to Counter Doubts about Fed's Growing Power Over U.S. Financial System

The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.

Linda Robertson ... headed the Washington lobbying office of Enron Corp... Robertson [also] served under Treasury Secretaries Lawrence Summers, Robert Rubin and Lloyd Bentsen...

“People have been asking whether the Fed is capable of getting its job done right,” said Lynn Turner, a former chief accountant at the Securities and Exchange Commission. “Hiring a former lobbyist from Enron will surely make one wonder.”

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US Fed Chairman Demands Plan to Cut Social Programs

Testifying Wednesday before the Budget Committee of the House of Representatives, Federal Reserve Board Chairman Ben Bernanke demanded that Congress and the Obama administration map out a program of austerity measures to bring down record budget deficits. Bernanke made clear that the heart of this program should be sharp cuts in social spending, including basic entitlement programs such as Social Security and Medicare.

“Maintaining the confidence of the financial markets,” Bernanke said in prepared remarks to the committee, “requires that we, as a nation, begin planning now for the restoration of fiscal balance.”

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Now the criminal fed has looted the country and put you the taxpayer in trillions of debt they want to stiff you even more!!!

George Osborne Returns Home after Meeting Obama's Administration

George Osborne today returned home from a three-day visit to Washington where he held meetings with Tim Geithner, the Treasury Secretary, and Larry Summers, director of the White House economic council.

The Shadow Chancellor also had formal talks with Ben Bernanke, the Chairman of the Federal Reserve, World Bank President Robert Zoellick and IMF Managing Director Dominique Strauss-Kahn, as well as using his attendance at the White House correspondents' dinner on Saturday night to speak to Mr Obama's chief of staff, Rahm Emanuel.

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Birds of a feather.......

Emanuel Says Obama Has ‘100% Confidence’ in Fed Chief Bernanke

President Barack Obama fully backs Federal Reserve Chairman Ben S. Bernanke, who has come under scrutiny for his role helping engineer Bank of America Corp.’s purchase of Merrill Lynch & Co., a top White House aide said.
“The president has 100 percent confidence” in the U.S. Fed chief, White House Chief of Staff Rahm Emanuel said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend.

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Barack Obama: "Financial Crime Boss"

Since taking office, Obama, wittingly or otherwise, has headed the largest criminal enterprise in history - the mass looting of national wealth to enrich his Wall Street benefactors. He assembled a rogue economic team of Clinton/Robert Rubin retreads - to fix the current crisis they engineered.

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The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed

Paul Krugman wrote a couple of weeks ago that top officials in the Obama administration and at the Federal Reserve have convinced themselves that troubled assets, often referred to these days as “toxic waste,” are really worth much more than anyone is actually willing to pay for them — and that if these assets were properly priced, all our troubles would go away.

The truth is that the Bernanke-Geithner plan — the plan the administration keeps floating, in slightly different versions — isn’t going to fly ....

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How Much of AIG's Bailout Money is Financing Mortgages in Israel and the West Bank

As of March 4, 2009, the American taxpayer has bailed out American International Group (AIG) to the tune of $163 billion (assuming that the Federal Reserve and the Federal gubmint are to be believed on anything anymore).



On March 3, 2009, this exchange took place in the august and hallowed halls of what used to be known as the Congress of a Constitutional Republic:
With One Word, Bernanke Reveals Who Actually Runs the Country:


Senator Sanders: “Will you tell the American people to whom you lent $2.2 trillion of their dollars?”
Ben Bernanke: “No.”


One can only surmise Bernanke’s reasoning. He claims he doesn’t want to spook the banks and the markets or some such claptrap. I have another possible reason: Bernanke, being an Orthodox Jew, doesn’t want the American public to get any inkling of Israel’s share of the various bailouts.


AIG owns a company in Israel called Ezer Mortgage Insurance (EMI). EMI will insure/finance up to 95% of a private Israeli mortgage.



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Bernanke to CFR: A New Financial Authority is Needed

Federal Reserve Chairman Ben Bernanke has told an elite gathering that a new overarching financial authority should be created by the government and empowered with sweeping new regulatory responsibilities.

Bernanke also coyly indicted to the renowned globalist group that he believes a new international order could be fomented out of the crisis.

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AIG: Billions Dished Out in the Dark

This is crazy! Forget the bleating of Rush Limbaugh; the problem is not with the quite reasonable and, if anything, underfunded stimulus package, which in any case will be debated long and hard in Congress. The problem is with what is not being debated: the far more expensive Wall Street bailout that is being pushed through--as in the case of the latest AIG rescue--in secret, hurried deal-making primarily by the unelected secretary of the treasury and the chairman of the Federal Reserve.

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Bernanke Refuses To Say Where Your Tax Dollars Have Gone

US Banks May Need More Bail-outs, Says Ben Bernanke

Ben Bernanke said the White House would have to consider increasing the scope of its $750bn banking rescue package, as well as readying further aggressive measures to shore up the world's biggest economy. His warning to Congress came as shares in London slid to a new six-year low amid disquiet about the stability of Britain's banks following Monday's cash calls from HSBC and AIG.

The Fed Chairman also remarked that although the government had little choice but to rescue AIG with a further $30bn cash injection, the episode had made him "more angry" than any other episode in the past 18 months.

Until the financial system had been repaired the economy would not recover, he said, adding: "Without a reasonable degree of financial stability, a sustainable recovery will not occur. Although progress has been made on the financial front since last fall, more needs to be done."

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It will never end unless you stop it!

Ron Paul to Ben Bernanke: You Can't Re-inflate the Bubble