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Bernanke wouldn't know because he is not the Secretary of the Treasury, who controls the Exchange Stabilization Fund...
The central thesis of the videos at the above link is the that since 1934 the Fed has been equipped with a financial vacuum cleaner, the little known Exchange Stabilization Fund (ESF), which is controlled by the Secretary of the Treasury. If so, the idea that Fed is a self contained villain, operating entirely independently from the government, may be a smokescreen to hide what is really going on. Of course the ultimate elite banking beneficiaries may be the same, but it may be that the entity that needs to be audited is not the Fed, but the ESF. Unfortunately the ESF is by law immune from audit and congressional oversight, and moreover can requisition funds from the Fed and dispose of them in any way it wants without having to account for them. Do you sense a potential for abuse? More like a financial black hole?
Here are the same videos which are at the above site:
Bernanke wouldn't know because he is not the Secretary of the Treasury, who controls the Exchange Stabilization Fund... MrFusion -- Saturday, 6-Feb-2016 17:17:06
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