Here Is Your Chance To Demand Answers From The Fed's General Counsel, Scott Alvarez

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Tue, 05/31/2011 - 17:00 | 1326549 Winston Were Wolf
Winston Were Wolf's picture

Question in the form of a Rap, bitchez.

Tue, 05/31/2011 - 17:12 | 1326603 camaro68ss
camaro68ss's picture

Q. bernake are you a D bag

A. Yes

This is going well

Tue, 05/31/2011 - 23:01 | 1327446 TruthInSunshine
TruthInSunshine's picture

Not bad, but here's a technical question I'd really love an answer to, as it has economic, legal and social implications:


Q:     Why should the U.S. Government borrow Federal Reserve Notes from the Federal Reserve & pay interest upon those borrowed sums, rather than borrow no Federal Reserve Notes from the Federal Reserve and pay no interest to it?


Here are some follow up questions:


Q:    Can you please cite legal authority that allows the United States Congress to delegate the 'coinage of money' to the Federal Reserve Bank, without referring to the Federal Reserve Act of 1913?

Q:    Is the Federal Reserve Bank an agency of the United States Government?  If your answer is yes, is it subject to all legal obligations that any agency of the United States Government is subject to? If your answer is no, could you please why the U.S. Supreme Court recently decided that The Federal Reserve Bank is obligated to respond to information, documents and materials requested pursuant to The Freedom of Information Act?

Q:    If a dollar is printed, is that same dollar instaneously owed to another, and if so, to whom?

Q:    If a Federal Reserve Note is printed, is that same Federal Reserve Note instaneously owed to another, and if so, to whom?

Q:    Can the U.S. economy grow if new debt is not issued?

Q:    For each Federal Reserve Note of a $1 denomination that is created and interjected into the banking system by the Federal Reserve, how many additional units of that fiat currency are ultimately added to the monetary base of the United States, and ultimately, how many additional units of that fiat currency are added to the monetary base of the global economy (this is not the simple 'money multiplier' being inquired about)?

Q:    What came first, the chicken or the egg?

Wed, 06/01/2011 - 05:40 | 1327836 rsi1
rsi1's picture

Because that is what Zimbabwe did, and look at how it turned out. In any case, it is almost interest free debt, since the majority of interes earned by the fed goes back to the US treas.

Wed, 06/01/2011 - 08:54 | 1328059 Cthonic
Cthonic's picture

Can you please cite legal authority that allows the United States Congress to delegate the 'coinage of money' to the Federal Reserve Bank, without referring to the Federal Reserve Act of 1913?

The Federal Reserve coins no money.  That function is still held exclusively by the U.S. Mint.  The Bureau of Engraving and Printing produces Federal Reserve Notes under contract with the Federal Reserve System.  There is no law against circulating tax payment coupons amongst the proles as 'legal tender' currency.

Section 16. Note Issues 1. Issuance of Federal Reserve Notes; Nature of Obligation; Where Redeemable

Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

[12 USC 411. As amended by act of Jan. 30, 1934 (48 Stat. 337). For redemption of Federal reserve notes whose bank of issue cannot be identified, see act of June 13, 1933.]


Tue, 05/31/2011 - 17:04 | 1326559 SeanJKerrigan
SeanJKerrigan's picture

"Have The Federal Reserve Or Prime Brokers Ever Tried To Manipulate The Stock Market?"  That's an easy yes.  In fact that was the stated mission of QE2 in Bernanke's WSJ editorial last year.  The key to good interviewing is to give the interviewee no easy escape.

Tue, 05/31/2011 - 17:43 | 1326674 Rainman
Rainman's picture

Scotty escape : What is your definition of manipulate ? What is your definition of the stock market?

Tue, 05/31/2011 - 17:06 | 1326576 Eireann go Brach
Eireann go Brach's picture

Does Bernanke use lube when he meets with the bankers?

Tue, 05/31/2011 - 17:06 | 1326577 PaperBear
PaperBear's picture

Who are the private owners of the Federal Reserve ?

Rothschilds ?

Tue, 05/31/2011 - 17:14 | 1326596 SilverDosed
SilverDosed's picture

I wonder what would happen if this actually got answered, or even acknowledged?

Tue, 05/31/2011 - 18:03 | 1326733 Ratscam
Ratscam's picture

as a private company why dont they pay tax?

why was the FED never audited ....

could go on and on ....

Tue, 05/31/2011 - 17:06 | 1326578 buzzsaw99
buzzsaw99's picture

Alvarez is a greasy little puke maggot. Why the hell would I want to ask him anything?

Tue, 05/31/2011 - 17:11 | 1326586 fuu
fuu's picture

Mr. Alvarez,


When did you stop raping little children?

Tue, 05/31/2011 - 17:22 | 1326624 Robot Traders Mom
Robot Traders Mom's picture

Follow that up with a question regarding murdering puppies...

Tue, 05/31/2011 - 17:15 | 1326602 GeneMarchbanks
GeneMarchbanks's picture

I would love this opportunity! I have so many concise, well thought out questions which I will submit as soon as my rectal bleeding stops.

Tue, 05/31/2011 - 17:17 | 1326608 SilverDosed
SilverDosed's picture

Mr Alvarez.... if that is your real name... have you ever said anything at all that can be considered even a half-truth?

Tue, 05/31/2011 - 17:17 | 1326609 vote_libertaria...
vote_libertarian_party's picture

Can I get Ron Paul to ask my question using the voice of Monty Python members in drag?...just asking.

Tue, 05/31/2011 - 17:18 | 1326612 equity_momo
equity_momo's picture

TD , he has already been asked this question

Also was asked about gold holdings.

The guy is a third rate laywer. He cant even outwit a second rate lawyer like Grayson.


Tue, 05/31/2011 - 17:15 | 1326614 Tyler Durden
Tyler Durden's picture

Uhm, did you see the post and/or clip above?

Tue, 05/31/2011 - 17:18 | 1326621 equity_momo
equity_momo's picture

Ooops. My ADD kicked in and i went straight to google.

Tue, 05/31/2011 - 17:49 | 1326698 hugovanderbubble
hugovanderbubble's picture

Thanks Tyler for an excellent piece (video) of the real Scam US investors  are living with The Fed Manipulation


I wish i could help but im the smallest mosquito on earth...


Tue, 05/31/2011 - 20:12 | 1327102 Yen Cross
Yen Cross's picture

 I caught it!  The clip was an overlay.

Tue, 05/31/2011 - 17:20 | 1326617 augie
augie's picture

I can't do this right now.

Tue, 05/31/2011 - 17:20 | 1326628 Ancona
Ancona's picture

I want ten minutes with those fucking lying, pussy communist fucktards. I swear by God Almighty I would not ask a single question, rather, I would break their fucking kneecaps with a fungo bat.

Tue, 05/31/2011 - 17:36 | 1326668 XitSam
XitSam's picture

I learn something new every day. Today I learned that fungo bats exist and what they are used for.

Tue, 05/31/2011 - 22:03 | 1327328 sgorem
sgorem's picture

WEBSTERS DEFINITION: fungo bat, pron; fun-go bat. primary diet are misquitoes. also known to eat kneecaps, also, fucking kneecaps.

Tue, 05/31/2011 - 22:20 | 1327375 ColonelCooper
ColonelCooper's picture

This is not the first time that I have suspected this place is not swarming with athletes.

Tue, 05/31/2011 - 17:21 | 1326631 gwar5
gwar5's picture

I demand to know who owns and profits from the Federal Reserve, and what will the Federal Reserve do if/when the next president-elect says he/she wants to abolish the Fed and revert to a sovereign gold backed currency?

Tue, 05/31/2011 - 17:38 | 1326673 JW n FL
JW n FL's picture


JFK assassination: Secret Service Standdown


Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.


so the answer to your question is that whomever orders an end to the FED will be Killed and then slandered by right wing republican conservative hell fire end of the world Rapture crowd christians!


so dead and their good named smeared for the fucking effort!

Tue, 05/31/2011 - 20:09 | 1327086 Yen Cross
Yen Cross's picture

  JW, I have a Jet to catch. I respect you. look @ the governing parties in the Pan Pacific area. Trade well.

Tue, 05/31/2011 - 17:22 | 1326634 gwar5
gwar5's picture


Tue, 05/31/2011 - 17:26 | 1326640 surfersd
surfersd's picture

Do you have any knowledge where the Federal Reserve participated in or provided funding directly or through a third party for the purchase of any security be it equities or bonds of another country?  


If so, what were they, when were they made and for how much?

Tue, 05/31/2011 - 17:51 | 1326701 efiniti
efiniti's picture

Haha, yes.  Please tell me you submitted.

Tue, 05/31/2011 - 17:27 | 1326641 surfersd
surfersd's picture

They are just going to smile, deny and move on. 

Tue, 05/31/2011 - 17:25 | 1326642 clymer
clymer's picture

I can't believe the Florida district around Orlando didn't keep him in - for no other reason than this beautiful piece of comedy. I could watch over and over..

Tue, 05/31/2011 - 17:28 | 1326649 Mae Kadoodie
Mae Kadoodie's picture

Mr Alvarez, why did the Federal Reserve provide more than $26 billion in credit to an Arab intermediary for the Central Bank of Libya? The Fed made at least 46 emergency, low-interest loans to the Arab Banking Corp., in which the Central Bank of Libya owns a 59 percent stake.

Why were the Libyan-owned bank and two of its branches in New York City exempted from sanctions that the United States imposed several weeks ago on Libyan businesses controlled by Colonel Moammar Gaddafi and the dictator’s associates?  I await your response Mr. Alaverez.

Tue, 05/31/2011 - 17:44 | 1326655 Life of Illusion
Life of Illusion's picture


Will you disclose all documents, policy sent from/to FSB?

Tue, 05/31/2011 - 17:39 | 1326667 ColonelCooper
ColonelCooper's picture

Let's play the MEOW game with 'em.

Tue, 05/31/2011 - 17:51 | 1326678 Yen Cross
Yen Cross's picture

  I have a defining question! 

       What if? 

   Update ! Anyone look at volumes lately? I took small profits from aud/jpy and usd/jpy . I'm flatttt as a pancake!

Tue, 05/31/2011 - 17:56 | 1326708 camoes
camoes's picture

How does Bernanke keep his beard so well trimmed?

Tue, 05/31/2011 - 18:10 | 1326763 dark pools of soros
dark pools of soros's picture

it's fur.. but he has to shave off the rest of his red-riding hood eating wolf face everyday

Tue, 05/31/2011 - 18:02 | 1326712 edotabin
edotabin's picture

Overall two problems with Grayson:

He is acting too smart for his own good. He has "noob" written all over his forehead. He allows that sarcasm to come across and his rhetorical questions are quite damaging to him. That stupid grin doesn't help either. Sometimes the presentation is more important than the message. How do you think the Fed got away with it for so many years? Slick presentation.

If we all looked deep within ourselves, I am certain the euphoria of "let it all come crashing down" would subside. I do not want anything to crash. Rather, I propose a smooth transition to a newer and more fair system. It is my sincere hope that this is the outcome.  Grayson's approach backs them into a corner where the only thing that will satisfy him is an answer that goes like this: " Yes we are a scam. We are crooks and we have now locked up the Fed. Gone fishing! The end!"

While I realize we are not headed to green pastures as it is, should someone provide the answers Grayson is openly looking for we will immediately create scenarios that would make Darth Vader look like the tooth fairy.

In my estimation, it is apparent he has not thought this through all the way. We know the problem. Solutions would be nice.

Tue, 05/31/2011 - 18:11 | 1326756 ColonelCooper
ColonelCooper's picture


Tue, 05/31/2011 - 18:07 | 1326755 dark pools of soros
dark pools of soros's picture

Uncle Bennie, how come I used to buy candybars for 25 cents when i was a kid and now they are over a dollar??  how come how come??


Tue, 05/31/2011 - 18:13 | 1326764 camoes
camoes's picture

WHO GOT THE MONEY? SHOW ME THE MONEY! SHOW ME THE MONEY! HELP ME HELP YOU (can the question be done by Cuba Gooding Jr. plzzzz?)

Tue, 05/31/2011 - 20:11 | 1327091 Yen Cross
Yen Cross's picture

 When you GROW up. Reality! Ask the question again.

Tue, 05/31/2011 - 18:13 | 1326765 Dave Thomas
Dave Thomas's picture

The House financial committee does a Larry King Live almost constantly where they toss the Fed softballs. It's time we had dick query these theives. Even if he is a self serving schmuck. So far we've had a lisping reprobate, a dottering ,grandfatherly figure, and now sort of a dickish Penn Gilette query these fools. What we need next is Tailgunner Joe.


Damn the Tooth Fairy!

Tue, 05/31/2011 - 18:19 | 1326790 anony
anony's picture

Do you think real men should wear Ear rings? Or any other kind of ring that requires penetration of a body part in order to secure it?

Is the Mullet an appropriate hair-do---or don't?

If you had the chance to spend one night using both hands till your skin falls off, playing with Sofia Vergara's bodacious ta-tas would you do it?

Would you please stick out your tongue so that we can see how many tines it has in it?


Tue, 05/31/2011 - 18:22 | 1326792 ZackLo
ZackLo's picture

I would like to submit a couple of questions.

1. During the series of Pomo operations the federal reserve has conducted over the last couple years, what could potentially be the ramifications of "Mis-pricing" perceived risk across the yield curve.

2. When risk on the treasury curve is mis-priced does this lead to expanding Primary dealer balance sheets to the upside (as in allowing more credit expansion that otherwise wouldn't happen)

3. Would these "Primary Dealers" by any chance at any time during or after the  Pomo operations be using said excessive credit expansion to buy stocks ,bonds ,futures to mis-price risk across the broader market and the world.

4. Would the federal reserve be selling put options on treasury bonds to alleviate any potential tensions that buyers of treasury bonds may have in taking on excessive risk they otherwise wouldn't be acquiring under normal market conditions.

5. Who will ultimately foot the bill if those put options do get "into the money" (taxpayers?)

6. How does the fed expect to unwind it's balance sheet onto a market with ever dwindling amounts of bidders? 

7.when the fed does unwind it's balance sheet , how does it expect said put options to not get "into the money"?

8. As the fed has used open market operations over the last 100 years to  in stealth monetize debt what have been the consequences to the US Dollar?

9. How does the fed explain the currency devaluation over the last 100 years and the consequential destruction of wealth on a mass scale due to the material input cost push suppressing wages ? Don't try and say it doesn't I'm 20 but, I'm not stupid banks have played the excessive credit stealth monetary expansion games for 400 years and history is lined with the bodies of world wars caused by this little "game".

thank you for your time

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