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There Are No Words To Describe The Following Part II


Alan Grayson questions the Inspector General of the Federal Reserve - 05/09/10


Circulate Far and Wide.

Our only hope to stop the heist will come from greater awareness.



If you're in a hurry, start watching at the 3-minute mark.  At issue is the accounting and oversight for $9 trillion in secret Fed bailouts of Wall Street banks, for which taxpayers are ultimately responsible to the tune of $32,000 for every man, woman and child in this country.  Fed audit, anyone?




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Reader Comments (676)

Great pic of that OLD ANCIENT HAG barneyyy the FAT IDIOT who got us in the FINANCIAL MESS we are in now!!!! Now ole SOCIALIST barry is letting that MORON run the show!!!
Oct 15, 2009 at 8:11 PM | Unregistered Commenterjim
god help us,because it's all over as we knew it growing up... thank's to our school system that was taken over by the liberals(commies) and having dumbed us down for the past 30 years so we will put up with this out and out stupidity....keep voting democRATic. and it will be over a lot quicker...
Oct 16, 2009 at 8:34 PM | Unregistered Commenterbig lou from peru
Why are we asking someone down the latter, go right to the top and ask Pres: Obama he's the one who made us ( the people who voted for him) the promise about TRANPARENCE and ACCOUNTABILITY he can't answer your questions but he sure can direct us to who is responsable for accountability he appoints them
Oct 17, 2009 at 6:24 PM | Unregistered CommenterWm. Clark
Why the F*&^ do we have to have legislation for Federal Reserve transparancy. That should be a no brainer. We need Jesus to boot out the money changers again.
Oct 18, 2009 at 5:04 PM | Unregistered Commentershipley130
I can't beleive the lib morons on here that still try to defend what is happening with the Fed. It is criminal stupidity to not accpet that what is happening is real and happening now. Why do libs always resort to name calling when facts and common sense get in the way? I'm sure this must be all Bush's fault, can't be that our new savior wants anything but the best for us. He is SO much smarter than I am. I'm sure he knows how I should live my life better than I do. Revolution coming baby.
Oct 19, 2009 at 4:06 PM | Unregistered CommenterWyatt Earp
In response to Disgusted: You are obviously either totally naive or posting what Obama's regime has told you to post.
E. Holder is right on it. Possibly you are too wet behind the ears to have enough experience to see what is going on. Hopefully the whole country won't go down the tubes before next year's elections. People are fed up with what is going on. Obama spoke of change but I feel like a lot of people the change we see next year will be much more beneficial to the country than what he has tried to institute.
Oct 20, 2009 at 6:03 PM | Unregistered CommenterR. Schiem
I find it strange that for a 63 year old woman that spends a good part of the day posting her face on the bodies of much younger women. Should be concerned about what goes on in the world. After all, why should she complain. She never votes. She is not a registered voter.
Oct 22, 2009 at 11:15 PM | Unregistered Commentertsofhugs
FHA wastes more money than the medical proffesion, yet we pick on medical reform. If we abolish FHA, Fanny Mae, Freddy mac and the energy department which was set up to end our dependence on foreign oil, we could raise our social secutity benefits, fund medicare indefinitely, and have money left over.
Oct 25, 2009 at 3:16 PM | Unregistered CommenterJoe Petrusky
I have NO respect for our present leaders . . . Obama's full name IS Barack Hussein Muhammed Obama . . .His goal is to make America a socialist country . . . We already have health care portions run by Government . . . Medicare and Medicaid . . . not done successfully. Government has not run the Postal Dept. successfully . . . Government has not kept the original promises in original Social Security document, thus Social Security is in BIG trouble. Do YOU REALLY think Government can run a health care program successfully? Even though promises are made now . . . they Can and Will be changed into something not wanted.

England has a law that if you sue someone and do not win, you have to pay all the legal fees of the entity you sued, courtroom usage, yes, even the toilet paper used. People rethink before suing. This is bad for people with limited means, but it does help to keep courts less crowded.

England has socialized medicene and it is not successful; especially for older people. The same in Norway, Sweden and Canada.

I have researched considerably the Health Care Bill being fostered on us . . . as the glorious answer to everything we 'suckers' might acquire. The public as a whole does not take care of their health through proper diet, rest, lifestyle . . . My guess is that most of them are of the 'entitlement rights citizens' mentality . . . they do not research before voting . . . some can't read but vote with questionable helpers deciding for them. Trust me, you do not want this put into law; I could mention numerous items that are just plain bad for quality health care.

Let's fix what is broken . . . I have a relative who had to move back to California from Arizona after they found out they couldn't get insurance coverage on their policy from Arizona. Below are some suggestions to enforce before turning over this fiasco to the 'enlightened ones' in Washington.

No. One: Make our insurance coverage available whatever we are.

No. Two: Doctors should not have to pay extreme amounts in insurance for protection from unresonable claims.

No. Three: Put a limit on what can be claimed in suing medical related - - - doctors, hospitals, pharmacy related, etc.

No. Four: Insurance companies cannot refuse anyone.

No. Five: Let doctors . . . not the nerd at the insurance front desk . . . decide what you will be allowed to receive in medical services

Let's get the above corrected and into practice. This will take awhile to fix
Oct 26, 2009 at 3:25 PM | Unregistered CommenterL Stump
beautiful stuff
Oct 28, 2009 at 9:35 PM | Unregistered Commentergeorge gavalis
We have one of the most corrupt government in the whole fucking world, period
Nov 2, 2009 at 4:14 PM | Unregistered Commenterfed up
this is typical of the people that run our country now... they get their fat asses elected and pad their own life styles and only care about them selves. they allow outsourcing to continue while allowing people to continue to enter our country... and give them benefits that us citizens don't even get.

it's a shame that we have such selfish and stupid people in the elected positions. it's too bad white collar crime does not get you as much jail time as marijuana possession.

we will be a third world country before most of you 'try' and retire... its a shame... a damn shame. i am disgusted by what our government is doing to our country.
Nov 4, 2009 at 9:47 PM | Unregistered CommenterKen
Sheeple should get what sheeple deserve, but I'm not a fucking sheeple so you goddamned liberal nanny fucks need to get the fuck out of my life and the fuck out of the way of whomever we can manage to elect to get to the bottom of the Washington shithole that is wasting our tax dollars into nothingness.
Nov 6, 2009 at 6:31 PM | Unregistered CommenterJHenry
i'll bet she knows how much her pension is going to be........SOB's
Dec 15, 2009 at 2:05 PM | Unregistered CommenterBluedeuce
Grayson is way out of his league like other CONgressmen that have not taken ECON 101. At least Grayson asks the Fed questions nobody else wants to tackle. But he is so incompetent he gets danced around like a rag doll. That woman had no trouble fending him off for 5 minutes.

What a waste of time! You will NEVER get answers with 5-minute sound bytes that do nothing but provide face time for politicians. Pool your resources and yield time to someone capable of digging for answers!
Feb 9, 2010 at 4:32 PM | Unregistered CommenterRichard Webb
every admin since Nixon and yes that includes you Reaganites has had a hand in this, hell look how many Goldman Sachs allumni are in Gov/ fed et all.. Miltonian economics, de regulations any and all destabalizing actions over the years, coupled with a now massive millitary budget..we need a clamping down on the banks... Italy Germany Spain Greece... all giving us the sink eye and showing spine in calling out the banks on thier collective bull shit predatory acts. Not a frickin word on tv, yahoo etc? Nope watch the olymics all that is missing is cesar in the stands and bread being thrown into the crowds.
Feb 16, 2010 at 10:10 PM | Unregistered Commentercaferacer
WTF? I turn my back for just a few hours and Steve goes having this HUGE party with over 367 guests and WITHOUT inviting me? I'm shocked.

And just look at this place ...it's a MESS!

Opinions and thoughts strewn all over the floor. Commentaries hanging from the walls. Public discourse stains all over the place (eew.. that IS public discourse, isn't it?).

You listen to me young man. The next time you decide to make merry like that again you BETTER make sure everyone cleans up before leaving!

And I want the keys to the car too, YOU sir are grounded.
May 11, 2010 at 7:56 PM | Unregistered CommenterRecoveylessRecovery
The next time someone tip-toes around a word like 'investigation' because of its negative connotations I think I might just activate a few latent genes so I can telekenetically bitch-slap them from 1000 miles away. This kind of corporate weenie speak only breeds disinformation and eventually nets a complete lack of understanding of a given situation.
May 14, 2010 at 4:28 PM | Unregistered CommenterCash back shopping
Exercise ferments the humors, casts them into their right channels, throws substandard redundancies, and helps cosmos in those hush-hush distributions, without which the solidity cannot subsist in its vigor, nor the man fake with cheerfulness.
Jul 5, 2010 at 5:22 AM | Unregistered Commenterprobleme d impuissance
Trust me when I say that every trick in the book will be used to block this bill from becoming law because should it pass it would spell the end of this corrupt entity as well as criminal prosecution of many
Jul 7, 2010 at 11:59 AM | Unregistered CommenterHome Staging Toronto
This person was not prepared to be asked direct questions, and when you do not perform your job duties, you cannot give pointed answers. However, it was difficult to pay attention to her because the woman in the grey suit behind her was very sexy in a forceful businesswoman way. I found myself thinking about her explaining difficult financial issues to me in her underwear, and then giving me sexy times to make sure I understood her lessons.
Jul 14, 2010 at 4:45 PM | Unregistered CommenterElvon Desbolon
The good news is here is that the secretive Federal Reserve and their control of monetary policy and manipulation of it, in favor of the power-elites, is the one issue that the many conservatives and liberals can agree on. The bad news is that the Federal Reserve is a fraudulent, out-of-control scam and we are all getting the screwed.
Sep 15, 2010 at 11:28 AM | Unregistered CommenterCharles Fenster
Un-f'n-believable! I'm speechless.
Oct 22, 2010 at 9:31 AM | Unregistered Commenterjoan
Let those crooked banks go belly up. The taxpayers don't know where their $$ is going and no one intends to give them an answer. All those bonuses given to bank officials who were FAILURES? And WHY???? OPEN NEW BANKS AND PUT ALL ON NOTICE: AMERICA WILL GET TRANSPARENCY. BANKS WILL BE ANSWERABLE TO THE PEOPLE OF USA
Oct 26, 2010 at 6:36 PM | Unregistered CommenterJanice Fortin
The two conclusions proven by http://thedebtweowe.com/rip-off-by-the-federal-reserve 10/24
are submitted to be:

1. The creation of credit/money via T-securities in the amount of the principal of the security, with a promise to repay the principal PLUS the interest, is impossible. The interest has never been created; the debt is perpetual and must continually be increased or it will collapse. Any contract based upon an impossibility is an act of fraud and is void from its inception. The operation is, as in any Ponzi scheme, predestined for inherent national bankruptcy when buyers of the debt cannot be found.

2. The operation by the Fed and Congress transfers wealth from the people to financiers. The example reveals how all funds (created via the printing press as fiat money) become an asset of the Fed. Not only does the Fed receive the interest (if not sold), but also the value of the security upon maturity (or by sale)---without any risk or consideration. Congress has temporary access to the fiat money (until maturity).
Oct 31, 2010 at 6:25 PM | Unregistered CommenterOlde Reb
this is a monkey hearing We all now the criminals are running the mint. Obama like BUsh put the crimials and evil in charge.
Nov 1, 2010 at 1:42 AM | Unregistered Commentertruth
I wonder if the Federal Reserve, Inspector General's office is hiring? I can act like a dumb sh*t in front of a Congressional committee too.
Nov 1, 2010 at 8:21 AM | Unregistered Commentermexgulf
Anyone with knowledge of body language and speech patterns can tell she is lying almost in every sentence. Answering the truth is usually immediate, her responses show too many pauses and stuttering that seem to indicate that she is attempting to formulate an excuse on the fly. Her whole body language indicates that she has been caught with her hand in the cookie jar and is trying deperately to tell everyone she was grabbing a mouse that got in there and not the cookies.
Nov 1, 2010 at 9:26 PM | Unregistered CommenterDale
Wow. This IS truly shocking IF all the information that is available is what she said there. I wish I had seen all of this, as there HAD to have been further questioning on this matter. Certainly someone is overseeing these programs, and if there's not, it's obviously a racket that I need to get involved in. I've always wanted to be a trillionaire, and from the sound of it it's probably not all that difficult of a thing to do.
Nov 2, 2010 at 12:12 AM | Unregistered CommenterBlondmyk
In all seriousness though, this is an outrage. We as American's must do something about this reckless disregard for money, especially in economic times such as these when every penny counts and China is on the verge of owning the US outright. Come on people...wake up!

Sorry for the split post. Did not mean to spam, I just have spastic fingers.
Nov 2, 2010 at 12:14 AM | Unregistered CommenterBlondmyk
Let me write this figure down, for a poor person like myself it is a figure well beyond my comprehension. A pile of misplaced notes which no-one wishes to take responsibility for. The number of noughts when written down are are much more impressive. Hang on!

Nov 2, 2010 at 12:43 AM | Unregistered CommenterMissMoonbeam
We have one of the most corrupt governments in the whole fucking world, period.
......fed up

No you 'aven't, we 'ave..................UK Moonbeam
Nov 2, 2010 at 12:50 AM | Unregistered CommenterMissMoonbeam
Finally might I be allowed to write an addendum here? Being a Google Junkie and at the same time to put this figure into a real perspective, let me do a little cut and paste here, if you don't mind.

Trillion = 1,000,000,000,000.
The country has not existed for a trillion seconds.
...But WAIT! there is more.

The next time you read in the papers something about a trillion dollars, consider that that number represents a-dollar-a-second for 31,500 years, from the age of mastodons and woolley mammoths all the way down to the present!”...so for $12,000 000 000 000.multiply that by 12.................Good Innit! I
must go and 'ave a lay down.
Nov 2, 2010 at 1:13 AM | Unregistered CommenterMissMoonbeam
No you 'aven't, we 'ave..................UK Moonbeam

I completely agree. At least the USA don't rig the elections with postal voters like ours do.
Nov 2, 2010 at 2:17 AM | Unregistered CommenterDale
disgusted, I heard Obama's own Grandmother say in an interview that she was present at his birth in Kenya. Why would she make that up?
Nov 2, 2010 at 6:43 AM | Unregistered CommenterLuke Franklin
Why do you care where he was born? What matters is what he does.
Nov 2, 2010 at 8:34 AM | Unregistered CommenterMr Pres
I thought the Americans were smarter than that anyway. They don't particularly like blacks and they hate Muslims (especially since 9-11). They also know from experience that neither are to be trusted with anything more valuable than a stone out of your garden. Yet they vote a black Muslim into office as President and then wonder where the money is going.
Nov 2, 2010 at 10:55 AM | Unregistered CommenterDale
("I completely agree. At least the USA don't rig the elections with postal voters like ours do.")

Actually, you don't have to rig the elections if you own the politicians. The candidates in the U.S.A. sell out way before the elections. We have the most corrupt government money can buy.
Nov 2, 2010 at 8:18 PM | Unregistered CommenterSagebrush
"Fed President Richard Fisher: Even We Can't Print Enough Money "To Compete With The Enormous Flood Of Borrowing Coming From The United States Treasury"

But surely the Treasury can hire lots and lots of money printing machines and print huge amounts of money 24 hours a day seven days a week ...........That should do it!........ Doesn't take Einstein you know, and I am not even a financial expert.!
Nov 3, 2010 at 12:31 AM | Unregistered CommenterMiss Moonbneam
Miss Moonbeam.

This money they print is backed by what? For every dollar that is printed, the federal gold reserve must have the corresponding value of gold or that dollar is no more than a worthless piece of scrap paper. USA still uses gold as a basis for their currency value.

Our own UK pound is not backed by gold but by debt, (even though we will never see a red cent of all these "loans" we are sending overseas again so it's never going to work). Government call it "foreign aid", most people call it a scam to bleed our country dry and leave us penniless. Since our government is cutting our services to the bone in order to pay this "foreign aid" guess who is right? If you're still guessing, here's a clue: It isn't the government.
Nov 3, 2010 at 2:58 AM | Unregistered CommenterDale
Incorrect Dale, the U.S. abandoned the gold standard in 1933, it has been a fiat debt based system ever since. The Federal Reserve is not a U.S. Government agency as well.
Nov 3, 2010 at 3:13 AM | Unregistered CommenterS. Gompers
Gompers, I think what Dale was saying is that a Mr Brown, Mr who you ask? sold nearly all the UK's gold when it was at its lowest price. Being rather naive I always thought a Government needed to back their currency up with gold, we now back our currency up with debt, lots of it. The EU now own most of our gold. We could have got a much better deal on EBay and given the buyer good feedback. Our gold ingots now gather rust in a Brussels warehouse.
Nov 3, 2010 at 4:21 AM | Unregistered CommenterMiss Moonbeam
Yes Miss Moonbeam, that is what I meant.

However, I was unaware that the USA had also done it. Seems like the rest of the world is sucking the West dry of money, taking loans thay have no intention nor financial grounding to pay back.
Nov 3, 2010 at 5:25 AM | Unregistered CommenterDale
To Miss Moonbeam and Dale,

I do know who Mr.Brown is, and I remember the gold sale as well. Not only did the U.S. leave the gold standard, it confiscated all privately held gold in the nation that it could find. The "privilege" not right, to own gold was restored to U.S. citizens on the 15th August 1974. A "privilege" that can still be denied again...

Then confiscations will again rule the day.

The two of you should probably check out the home page for the Dailybail, they tend to post a lot of stuff on the financial frauds.


"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson
Nov 3, 2010 at 9:39 AM | Unregistered CommenterS. Gompers
No wonder the American people are disgusted with the government. Any business that is going to be profitable must have a bookkeeper, and they must be responsible for recording anything spent, ANYTHING! Why is it the government feels they are untouchable and can do what they want? The people need to keep pursuing honesty, AND GET ANSWERS to their questions. WE HAVE A RIGHT TO KNOW WHAT IS GOING ON WITH OUR MONEY! When is it all going to stop!
A friend sent this to me and it has really, really, opened up a whole can of worms.
Nov 9, 2010 at 2:58 AM | Unregistered CommenterGrinch in California
You people are funny. You're acting as if the average American person is going to care or understand the significance of the above video. I have a college degree, and I didn't understand the importance of it. I didn't even understand the question. So, trillions of dollars are unaccounted for? So what? The Federal Reserve can just print some more. Big deal.
I don't understand where the money came from, where it was supposed to go, or why it is a big deal that the lady didn't know off the top of her head where the money went. The average American isn't going to care or understand either. The average American is more interested in why the Dallas cowboys did so poorly this year. Oooh, the Heat beat the Raptors. The Hornets beat the Blazers. That's all we care about.
As far as that E. Holder guy who claimed that Obama is a Muslim, LOL, I hope Obama f***ing is a Muslim. I'd laugh my a*s off.
I mean, if Obama turns out to be a Kenya born, Trotsky communist, Muslim, dope smoking, homo, I'd roll on the floor laughing, and then I'd go vote for him in 2012. I hope he is.
I mean, I don't know what an "off-balance sheet transaction" is. I'm just a cubicle sheeple driving a used Toyota Camry and with 3,000 in the bank.
I mean, before seeing this video, I didn't even know that there was such a thing as Office of Inspector General. I still don't know what it is other than it is supposed to investigate fraud. And hey! if she says that they are investigating it, then I guess that's good enough for me. They just haven't finished yet.
Hey! Don't worry folks. If the economy gets too bad, we can just bomb some other country. That will make us feel better.
And as for terrorism, don't worry. We're torturing people and bombing their villages. That will make people love us. Then terrorism will stop.
We can always have the CIA overthrow some poor country's government and replace it with a dictator that will give his country's resources to us cheap. That's worked for us in the past.
The only thing that makes me mad is when my pizza is late, or when my chubby girlfriend's kid is making too much noise.
Ronald Reagan and Fox news have made it very clear: all of the country's economic problems are because of hand-outs to the lazy poor people. It's simple. The rich are good and deserve to have money. The poor are bad, and deserve to be poor. We need to be happy for the rich because Jesus loves them more, and it is a sin to take away their money through taxes, or to complain about anything they do. We should consider ourselves lucky that we have the privilege of being ruled by them with all their wisdom and goodness.
Nov 14, 2010 at 12:56 PM | Unregistered CommenterWilliam Jack
Sage Brush said, "We have the most corrupt government money can buy. "

I say, "Well All Right ! We're number one!"
Nov 14, 2010 at 1:03 PM | Unregistered CommenterWilliam Jack
"I say, "Well All Right ! We're number one!"

Problem is W.Jack we're not number one.

The elite are number one, we don't get a number. We are the Great Unwashed, the Useless Eaters, the Unintelligent Masses or other derogatory descriptions the real number ones use to describe us.

If they have their way, gas for your Toyota will be $36.00 a gallon, if you want your pizza on time the delivery guy will expect a $30.00 tip and the pizza will cost $50.00. Your wages, if your still getting any won't be increasing but the cost of everything else will be unbelievable. I imagine your chubby girlfriend and her kid will both be making lots of noise when there's nothing to eat because you can't afford groceries.

If we don't make the number ones make some big changes we are in deep s**t.
Nov 14, 2010 at 3:55 PM | Unregistered CommenterSagebrush
You tea bag nutters didn't give a shit about the debt created by the Bush tax cuts,2 unfunded wars and free stuff for geazers
Nov 18, 2010 at 5:19 PM | Unregistered CommenterJerry

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