From yesterday’s exchange between Ron Paul and Ben Bernanke:
Ron Paul: …a lot of cash was passed through – and a lot of people suppose it was passed through the Federal Reserve – when there was a provisional government [in Iraq] after the 2003 invasion. That money was not appropriated by the Congress as required by law…
Ben Bernanke: Congressman, these specific allegations you’ve made are absolutely bizarre, and I have no knowledge of anything remotely like what you just described.
Let’s ask Rep. Henry Waxman (July 2009)
Henry Waxman: In a 13 month period from May 2003 to June 2004, the Federal Reserve sent nearly $12 billion in cash, mainly in $100 bills from the United States to Iraq. To do that, the Federal Reserve Bank in New York had to pack 281 million individual bills … onto wooden pallets to be shipped to Iraq. The cash weighed more than 363 tons and was loaded onto C-130 cargo planes to be flown into Baghdad…
Bizarre? Yes, I think something very bizarre is going on.
Submitted by Michael Nystrom on Thu, 02/25/2010 – 14:27
Source: Daily Paul