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

Tyler Durden's picture

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Winston Were Wolf's picture

Question in the form of a Rap, bitchez.

camaro68ss's picture

Q. bernake are you a D bag

A. Yes

This is going well

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?

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.

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.]

 

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.

Rainman's picture

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

Eireann go Brach's picture

Does Bernanke use lube when he meets with the bankers?

PaperBear's picture

Who are the private owners of the Federal Reserve ?

Rothschilds ?

SilverDosed's picture

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

Ratscam's picture

as a private company why dont they pay tax?

why was the FED never audited ....

could go on and on ....

buzzsaw99's picture

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

fuu's picture

Mr. Alvarez,

 

When did you stop raping little children?

Robot Traders Mom's picture

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

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.

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?

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.

equity_momo's picture

TD , he has already been asked this question http://www.youtube.com/watch?v=mXmNpdYpfnk

Also was asked about gold holdings.

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

 

Tyler Durden's picture

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

equity_momo's picture

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

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...

 

Yen Cross's picture

 I caught it!  The clip was an overlay.

augie's picture

I can't do this right now.

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.

XitSam's picture

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

sgorem's picture

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

ColonelCooper's picture

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

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?

JW n FL's picture

http://www.youtube.com/watch?v=XY02Qkuc_f8&feature=related

 

JFK assassination: Secret Service Standdown

 

http://www.john-f-kennedy.net/executiveorder11110.htm

 

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!

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.

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?

efiniti's picture

Haha, yes.  Please tell me you submitted.

surfersd's picture

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

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..

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.

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!

camoes's picture

How does Bernanke keep his beard so well trimmed?

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

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.

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??

 

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?)

Yen Cross's picture

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

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!

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?

 

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