… oh and where is the next round of money going. The Fed asks us to put our faith in them. PEBO asks us to put our faith in him. The Democrats ask us to put our faith in the Government. Trust us is the mantra in Washington. Trust us with your money. One trillion dollars.
This video (Hat Tip Erik from the chat room) is a week old … but still fresh. If you haven’t seen it … it is indeed worth the watch. It goes by so quickly. But it shows you what happens when you put your faith in men. It’s not their money … but they sure think it is.
From Congressman Alan Grayson’s You Tube site:
Fed Vice Chair Donald Kohn testified before the Financial Services Committee today, along with John Bovenzi of the FDIC. The Fed’s balance sheet has expanded by $1.2 trillion since September 1. Where did the money go? Kohn wouldn’t say.