The Fed is Now Officially a Laughingstock
On July 21st, Rep. Alan Grayson (D-FL) was taking the testimony of Fed Chairman Bernard Bernanke and his inquiries focused on the Federal Reserve's inexplicable largesse to several foreign banks. At one point, Grayson, who already had a mischievous smile on his face, asked Bernanke,
Grayson: "Well, look at the next page of your report, the very next page has the U.S. dollar nominal exchange rate, which shows a 20 percent increase in the U.S. dollar nominal exchange rate at exactly the same time that you were handing out half a trillion dollars. You think that's a coincidence?"
Grayson: "Nyuk nyuk nyuk nyuk!"
Personally, I would've started laughing when Bernanke confessed to not knowing the history of the banking institution that he purports to head, such as not even knowing the year the Federal Reserve Act was passed (1913, one of Woodrow Wilson's greatest failures and one for which he'd profusely apologized).
Bernanke's insistence that the 20% jump in the dollar nominal exchange rate and the Fed simultaneously handing out well over half a trillion dollars without any apparent oversight or traceability being a coincidence should've made everyone in the chamber howl with laughter.
If Alan Greenspan didn't provide the White House with an indelible reason for abolishing the Fed and overturning the Federal Reserve Act, then Ben Bernanke is giving it to us.
Working beyond any binding oversight by Congress or the White House, the Fed essentially makes up the rules as it goes along and is answerable to no one, conducting its shady business in absolute secrecy and all because a corrupt and misguided Congress from 96 years ago said they could.
The whole idea of the Federal Reserve, ostensibly, was to manage the national debt beyond political influence of either branch of government. But the reasons for that autonomy are made redundant when you really look behind the curtains and see who runs with whom and realize that they're all part of the same incestuous family that is dedicated to one ultimate goal: A one world government. Bernanke, Larry Summers, Tim "Erasorhead" Geithner, Paul Volker, and Obama himself, all of them, are all idiots who either belong to the Bilderberg Group, the Council on Foreign Relations or the Trilateral Commission or all three or are puppets for them (I'm speaking of Obama here).
And the artificial depression that's been brought about by the Bilderberg Group and hastened by Obama and his economic policies, the same financial crisis that we were fooled into thinking was brought about by the subprime implosion instead of the thoroughly corrupt derivatives market, is equally dedicated to ultimately crashing our economy after a skillful series of dips and rises. So our government and Fed will look like heroes for a few years once we "pull out" of this depression. Otherwise, if one world government wasn't the ultimate goal, then why the fuck is the Federal Reserve, the ultimate manager of our nation's debt, handing out $3000 in credit to every kiwi in New Zealand when there are millions and millions of struggling US homeowners and small businesspeople who need it more desperately?
If you have about an hour and 53 minutes to spare, I strongly recommend that you watch the video above, "The Obama Deception" by Prison Planet's Alex Jones. Regardless of what your opinion is of Jones (and I admit that he exudes that sweaty, loud and sour ambiance typically associated with conspiracy theorists), give him a fair hearing and pay especial attention to the news articles for which he provides screengrabs that make his points.
Then as I have confirm what you've just seen and heard, as Jones invites you to do at the midpoint intermission, and form your own conclusions. You'll realize that we are in much deeper shit than we ever were under George W. Bush. Look at all the campaign promises that Obama broke just in the first six months of his first term: Pulling us out of Iraq, closing Gitmo, stopping torture, extraordinary rendition and a separate tribunal for political detainees, transparency in government, barring lobbyists from his government, repealing NAFTA, etc (He sent Goolsby right after those remarks to assure jittery Canadian industrialists that he was just blowing smoke up our asses).
This video changed my entire outlook on this government and I'm more convinced than ever that JFK, as Jones says at the beginning, was the last real president we ever had and that Andrew Jackson had the right idea all along when, once he balanced the budget and erased our deficit, then abolished the central bank.
Open, widespread rebellion seems to be the only solution to getting us out of this mess and if that means overthrowing the government and physically locking and chaining the front doors of the Fed, so be it. But it's obvious that to get power back in the hands of the people, where it belongs, it's not going to be through polite, conventional means.