This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
No one at the Federal Reserve is keeping track of TRILLIONS of dollars of losses. Watch the video and ask yourself this question: How can ANYONE think the economy will EVER get better when people like this are in charge and have NO IDEA where money goes or where it’s being spent!?!?
You need to start your own gold backed savings account today to protect yourself against the writing on the wall that can’t be any clearer from watching the video above.