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Video: Ron Paul: "88% Of Fed Bailout Loans Went To Foreign Banks, And 100% Of NY Fed Loans" (Congressional Hearings 6-1-2011)

Short clip from yesterday's hearing with Fed General Counsel Thomas Baxter and Scott Alvarez.  Full video is inside.



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Reader Comments (13)

hmm, well what do ya expect? the "fed" is part-owned by foreigners (does Ron Paul every discuss this fact?)
Jun 2, 2011 at 2:59 PM | Unregistered CommenterHalfTruth
To understand this issue, you need to understand the role and function of the Group of Thirty.

It is kinda odd that Ron Paul still hasn't figured it all out, he certainly has spent enough time asking the same questions over and over and over again. If he is not getting to the answers, he is asking the wrong questions and asking the wrong people or he is just not putting two and two together. Even the tone of his questions is getting old.

After a while, Ron Paul comes off as a curious but incapable of reaching any meaningful conclusions.

Sorry DB and gang, I know this is not the opinion you want to hear.
Jun 2, 2011 at 4:42 PM | Unregistered CommenterPatriot Games the Party Tribalist
What you're missing Z is that 98% of Americans don't know about this...yes it's old hat to us, but not to my friends and your friends...they have no idea the Fed was putting so much money into bailing out foreign banks...i will continue posting these clips and these stories as long they become available...and until we get rid of bernanke, and get a full audit...
Jun 2, 2011 at 4:57 PM | Registered CommenterDailyBail
I am not knocking you, your site or your readers, I was and am knocking Ron Paul. He just isn’t an attack dog. He will never be able to break this thing wide open. Why does he always sound like a hesitant nervous Nelly?

They insult him by not even directly answering the questions asked and Ron Paul does little to get them back on track.

My point was that this video could have been from 2009, 2010, or yesterday. He shows no sign of progress. Watching that clip made me miss that crazy Alan Grayson guy. At least he would laugh at them when they gave him the runaround and that was one demented laugh.
Jun 2, 2011 at 5:25 PM | Unregistered CommenterPatriot Games the Party Tribalist
i didn't take it as criticism...and i agree ron paul is pretty boring here...he could use a new approach and set of tactics for sure...
Jun 2, 2011 at 5:59 PM | Registered CommenterDailyBail
Moody's Says It Expects To Place US Rating For Downgrade Review If No Progress On Increasing Statutory Debt Limit


I Found A Good Use For The Patriot Act

... and "extraordinary rendition" while we're at it.

We can use it on Goldman Sachs and their executives!

Goldman Sachs Group Inc. (GS) won’t face criminal prosecution related to sales of mortgage-linked securities because such a move could threaten the U.S. financial system, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.

more http://market-ticker.org/akcs-www?post=187349

Bankster Holdings of PIIGS Debt
As can be seen by the chart, for the most part, the PIIGS debt is held by European banksters and not the locally grown U.S. variety. This leads to the question, why would the U.S. back additional bailouts from the IMF (where the U.S. makes the largest contribution), given that there is limited U.S. exposure?

Even if the absurd proposition is agreed to that the U.S. needs to prop up domestic banksters, the U.S. participation in global bankster bailouts is really a stretch.

Bottom line: There's a global bankster game going on where the role for the average American is to simply pay for it.

more http://www.economicpolicyjournal.com/2011/06/bankster-holdings-of-piigs-debt.html
Jun 2, 2011 at 6:43 PM | Unregistered CommenterLiberatedCitizen
@PGtTP: i bet you 1 FRN (i know, it's almost worthless), Ron Paul knows all the secrets (being that they are documented via congressional records) about the "federal reserve" - but he won't talk about these in public (why's that?).

@LibCit: seems you answered your own question: "This leads to the question, why would the U.S. back additional bailouts from the IMF (where the U.S. makes the largest contribution), given that there is limited U.S. exposure?"
with your astute answer: "There's a global bankster game going on where the role for the AVERAGE AMERICAN IS TO SIMPLY PAY FOR IT."

and like Daily Bail comments above - "98 percent of Americans don't know about this" - they don't know that the "federal reserve" is not federal, nor a reserve of anything (other than massive malfeasance), nor that it is in fact a quasi private bank - the profits of which go into pockets of private individuals - who aren't even Americans, nor that the act of authorizing this private bank was against the constitution of what was at the time the United States of America

gee -what other lies don't the majority know about, but if Americans could just get the truth about this private bank - they might clue up and put an end to the rest of the lies - ruining their lives; this is where Paul Ron should take a role, but so far he hasn't and likely never will
Jun 2, 2011 at 7:56 PM | Unregistered CommenterHalfTruth
btw: i am not anti Ron Paul, nor personally dislike the man, but USA needs a real heavy hitter (or even better, a lot of 'em) to step up to the plate and talk some real serious truth - like yesterday - or it's game over for USA
Ron Paul is billed as the man to do it, but it ain't/can't, so what's the use of backing him
if USA is to continue (or regain some of what it was) it needs much more than 1 man, Ron Paul, right now
Jun 2, 2011 at 8:02 PM | Unregistered CommenterHalfTruth
great stuff LC and half truth...smart cookies hang out here...thanks for your thoughts...of course i agree but i'm weary of typing after leaving a couple long comments on the tsa story just now...
Jun 2, 2011 at 11:57 PM | Registered CommenterDailyBail
At least 3 presidents, with secret service protection, were MURDERED for opposing the Fed and doing something about it. Ron Paul, even if he shaved his arms like Sylvester Stallone for the Rambo stuff, still would present an easy target for a self-defeating personality or a sacrifice bunny for the NWO=OWO+CFR+IMF. So, take it from someone who grew up around numerous kinds of firearms and has seen how easy it is for some miscreant to publically murder somebody in cold blood, Ron Paul knows he is being stalked by the biggest bankroll on earth. I think he is the bravest person running, because he can win, unless he is all hype.
No one else is fingering the Fed like Paul. I have been throwing rocks to get people to see that this economic betrayal of America from the high ups is about saving the royal inbreds of Europe from obsolesence. President-elect Paul just verified it. Get a clue. The mewling traitors in Congress are robbing your childrens' futures blind! We all need some more basic training in one way or another.
Watch out for the gomers at Youtube. Like NPR's decay since Rockefellers rule the roost. Youtube since BP's purchase has been a serious decay. Don't trust them if it is news you want. Trust the outlooks of some agencies featured on Youtube. The SCOTUS determined NEWS AGENCIES ARE NOT UNDER ANY LEGAL OBLIGATION TO TELL THE TRUTH, even over publicly owned airwaves.
If you vote like you are taking a dump behind a log on a camping trip, expect the worst.
Jun 3, 2011 at 1:27 AM | Unregistered CommenterHoward T. Lewis III
Excellent Howard.

“The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers..... The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power." Abraham Lincoln Senate document 23, Page 91. 1865

The Europeans recognized the danger to their financial cartels when the London times published in 1865 this piece regarding our government printing its own currency as Lincoln wished to do:

"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." - Hazard Circular - London Times 1865.

Jun 3, 2011 at 2:39 AM | Unregistered CommenterS. Gompers
Jun 3, 2011 at 1:00 PM | Unregistered CommenterPG the PT
Ron Paul = humble, Duke-trained small town ob/gyn

Alan Grayson = aggressive, Harvard-trained prosecutor and class action lawyer

Different styles certainly, but they have the same goals, at least when it comes to The Fed...
Jun 5, 2011 at 9:57 AM | Unregistered CommenterJosie

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