Way back in May 2009, we posted this video of (then) Congressman Alan Grayson questioning Elizabeth Coleman, the Fed's "inspector general" – whatever that means – over trillions that the Fed could not seem to account for. Today, Grayson is gone from Capitol Hill but his video legacy lingers ...

Now we're reposting it as an accompaniment to one of today's stories, entitled "Bernanke Mulls Military Protection for Embattled Fed?" We mentioned Grayson in the story and we decided we might as well repost what we consider the video that may, in retrospect, be the one of the most important in helping end the modern Fed.

It is in our view one of the most miserable performances by a top bureaucrat ever presented on YouTube. It is truly historical in its incompetence. And in fact, it shows how much contempt Fed top guns had for the American public – that they could send this person to Capitol Hill to represent the majesty of America's mightiest bank!

Since that time, the Fed's brain-trust has obviously had a "rethink." Bernanke, ever more frantically peripatetic, is now the publicist-in-chief. No, they are not so arrogant anymore. The Internet Reformation has begun to bite.

In fact, in our humble view, they are likely desperate men. If the true litany of what they have done over the past decades ever gets out, the damage will probably be impossible to contain. It would mean big, big changes. Who knows, we might even get a free monetary market out of it once again. People will be so disgusted ...

Of course, there was a REASON for Ms. Coleman's evasion, as it turned out. She and the Fed's top men simply didn't want to admit they'd gone and printed US$16 trillion in SHORT TERM LOANS (so they maintain today) for their buddies in America and colleagues in Europe. All this to "save" the current economic system, which CANNOT be saved anyway. (Something else is intended to take its place.)

Anyway, the previous version was entitled, "Is Anyone Minding the Store at the Federal Reserve?" Here it is once again for your viewing pleasure ...

(Video from RepAlanGrayson's YouTube User Channel)

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