Sunday, September 27, 2009

THIS IS WHY WE NEED TO HAVE A THOROUGH AUDIT OF THE FEDERAL RESERVE

Any citizen who cares about this country should watch this question and answer sesson between Rep. Alan Grayson and Scott Alvarez, General Counsel for the Federal Reserve.  Alan Grayson is one of the very few highly intelligent Congressmen, in general, and one of the few who truly understands the financial and legal complications embedded in the system. 

At best, Alvarez was clumsily evasive of Grayson's questions - the worst case is that he also lied under oath.  Please note, the guy obviously drew a blank when Grayson asked him name just one primary dealer of the Fed - he was able to muster up the most obvious, JP Morgan, since JP Morgan himself founded the Fed.  He also was unable to directly answer whether or not the Fed manipulates the stock market.  Bon Appetit:



Here is Grayson's partial curriculmn vitae:  Grayson graduated from Harvard College, then received a law degree (with honors) from Harvard Law School as well as a Master of Public Policy from Harvard's John F. Kennedy School of Government. Grayson is an alumnus of the Bronx High School of Science.

Grayson went on to work as a judge's assistant at the D.C. Circuit Court of Appeals, working with current U.S. Supreme Court judges Ruth Bader Ginsburg and Antonin Scalia, and former U.S. Attorney General Robert Bork.

4 comments:

  1. Dave,
    great video, it really shows the disconnect from reality the ivory tower single mind think of the whole FED structure. Sadly, nobody from congress was in attendance, they might have learned something.

    On gold 2 things:
    -the lawyer said "no problem" to a verification audit on the record
    -I have a poll up on whether gold is in a bubble and at/or what stage, so please vote!

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  2. He said that he could see no reason to object to an audit of the presence of the gold on the facility. He did not say who owns it.

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  3. That's right Gary. I also wished that Grayson had asked if the Fed had "physical custody" of the gold it was holding on behalf of the United States, rather than the word "possess."

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  4. Grayson can reference this next time.

    http://www.zerohedge.com/article/smoking-gun-fed-controlling-gold

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