0 votes

Bizarre? Now this is bizarre!

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 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.

More news on this subject

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

bumping . . .

and trying to get my mind around this.

The life *I* live is so different from all of this that it almost seems like science fiction to read about it.

it's hard to be awake; it's easier to dream--

fireant's picture



Undo what Wilson did

The War Crimes of Saddam Hussein

The al-Anfal Campaign:
The worst human rights abuses of Hussein's tenure took place during the genocidal al-Anfal Campaign (1986-1989), in which Hussein's administration called for the extermination of every living thing--human or animal--in certain regions of the Kurdish north. All told, some 182,000 people--men, women, and children--were slaughtered, many through use of chemical weapons. The Halabja poison gas massacre of 1988 alone killed over 5,000 people. Hussein later blamed the attacks on the Iranians, and the Reagan administration, which supported Iraq in the Iran-Iraq War, helped promote this cover story.

And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”

He's dead now

He's dead now.

Politicians: the Criminal

Politicians: the Criminal Class. The worst mass murders. The biggest thieves. And these are the people who want to "control" our firearms!

Ron Paul is a Genius!

He fires another salvo... Bernacke bites... and now he has him!

reedr3v's picture

That's a great way to catch up the

liars. Kudos to the video artist.

An abomination to God is not evil?

"An evil disease I have seen under the sun..."

"What God hath given a man to enjoy of the fruit of his labor, yet he is not able but another taketh it from him... this is an evil disease..."

"False balance and unjust weights... both alike are an abomination unto the Lord"...

Today marks one year:

It is one year ago today that Dr. Paul introduced HR 1207 to audit those thieves and we still haven't gotten the job done. If the truth ever came out, there would be blood dripping from quite a few of them.

I love my country
I am appalled by my government

What is the hold up on this?

Does anyone know? It passed from what I remember, or at in the house. Will someone please refresh my memory.

Where have you been, Tess?

HR1207 shot through the congress with over three hundred co-sponsers. Mel Watt tried to water it down before it got to the senate but, was over ridden. Long story short it was sent back to the congress where nearly half of those dems and some repubs renigged and voted for a watered down version of the bill which actually gave the fed more power.Dr.Paul was "betrayed" by Barney Frank, Berney Sanders, and many more. The actions taken by the senate and congress were egregious and the ring leader and the fed's point man and puppet, Chris Dodd led the way. Let our history remember these traitors names as having helped destroy our nation and hand it over to our enemies. It was a sad day but, at least we now know who the shadow government is...and they will have a day of reckoning...http://www.youtube.com/watch?v=Tgy_UvFx9bE

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I have one word for you...predator drones. Oh, you think I'm kidding?" Obombya

and Vittner..let us not

and Vittner..let us not forget him..

How the US sent $12bn in cash to Iraq. And watched it vanish.

The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.
The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.

In the year after the invasion of Iraq in 2003 nearly 281 million notes, weighing 363 tonnes, were sent from New York to Baghdad for disbursement to Iraqi ministries and US contractors. Using C-130 planes, the deliveries took place once or twice a month with the biggest of $2,401,600,000 on June 22 2004, six days before the handover.
(rest of the article from The Guardian, Thursday 8 February 2007

Im referring to certain large chunk of money

that went missing in Iraq. Billions possibly, but not trillions, not in Iraq alone. Thats not really the point however. The point is that I dont think BB was calling the money sent to post Saddam Iraq bizzare. Hes referring to Watergate most likely. If you want to spin it the way its spun at the top, you guys are only fooling yourselves....

"Qui audet adipiscitur"

Michael Nystrom's picture


Hes referring to Watergate most likely.

I don't know how you can possibly presume to know what Bernanke was referring to. It is best to let people speak for themselves. Obviously you want to defend him - the question is why?

This letter, which Ron Paul had inserted into the Congressional Record, should clarify things for you:

Ron Paul: Madame Speaker, I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at yesterday's Financial Services Committee Humphrey-Hawkins hearing, remarks which Federal Reserve Chairman Bernanke categorized as "bizarre."

Full text:

In specific reference to Watergate, we find:

First, consider the Fed’s coverup of the source of the $6300 in hundred dollar bills found on the Watergate burglars when they were arrested at approximately 2:30 A.M. on June 17, 1972 after they had broken into the Watergate offices of the Democratic Party. Five days after the break-in, June 22, 2003, at a board of directors’ meeting of officials at the Philadelphia Fed Bank, it was recorded in the minutes [shown on page 23 of my book] that false or misleading information had been provided to a reporter from the Washington Post about the $6,300. Bob Woodward told me he thought he was the Washington Post reporter who had made the phone inquiry. The reporter "had called to verify a rumor that these bills were stolen from this Bank" according to the Philadelphia Fed minutes. The Philadelphia Fed Bank had informed the Board on June 20 that the notes were "shipped from the Reserve Bank to Girard Trust Company in Philadelphia on April 3, 1972." The Washington Post was incorrectly informed of "thefts but told they involved old bills that were ready for destruction."

There is much more, both in the letter, and the book, Deception and Abuse at the Fed

Once again, I'm looking forward to your clarification.


Just look at the post of the letter Auerbach sent to RP. Does it mention anything about money passing from the Fed to post Saddam Iraq for use by the CPA under the State Dept in 2003? No! Thats my clarification.

Im questioning how the verbiage of how "THIS" post on your site was portrayed...

It goes like this more or less, (paraphrasing):

RP: Money not authorized by Congress to post Saddam Iraq...

BB: Thats the most bizzare thing I have ever heard...?

Thats how you phrased it. Well, it makes it look like that was the extent of the exchange. If, in fact, that was the extent of the exchange, I highly doubt BB's answer would have been the one that was given. The money flowing into Iraq in crates is not news. It was very well known, at least by people who were there. Well, all of us who were there got to call home once in a while. It was no big secret.
If BB had responded as he did to THAT ALONE he would have looked like an idiot. Maybe he is, but I dont think that's what he was responding too. It seems highly unlikely to me...

I think BB was responding to all the the above (he said "allegations", plural) but Im sure it was the Watergate thing, one, that consumed his attention the most, with the 5.5 mill to Saddam for weapons a close second. Mentally dealing with that alone, I doubt BB was even thinking about the funds not authorized by Congress in 2003. Humans can only focus on one thing at a time, contrary to other beliefs. Anyway, that would have shocked anyone whether they know about it or not. That's straight out of left field. The crates of money to Iraq for the CPA to use was not...

Anyway, you make it seem like BB was responding to that (un-authorized funds to the CPA (State Dept)), and that alone....

Now, to me, thats called spin. It gets people on the good side all riled up over something that is not exactly true, or at least incomplete.

Im a truth-fact person. If you want to spin stuff for our self gratification, then whats the point of doing anything? Do it right, dont leave out details, and dont spin, otherwise dont bother.

You want to educate, then educate? Dont turn your site into SeanHannity.com. What will that serve....?

Now, thats the point I was trying to make...Nothing more, nothing less....

"Qui audet adipiscitur"

You have a whole lot to say about "nothing."

I've never heard anyone refer to Bernanke as BB before. Do you refer to him so often that you've become accustomed to using an acronym instead of his name?

The money shipped to Iraq is a big deal too. Just because you wrongly feel everyone knows about it, doesn't make it any less of an issue.

I was not responding to you...

And you are clearly missing my point...

It is a big deal, Im not denying that. Hmm, let me explain what happens after we invade another country and set up shop,...oh, forget it, I dont think you want to know....

"Qui audet adipiscitur"



So they twist words, invent phrases, make up fancy acronyms and generally try to confuse, convolude and complicate monetary policy to make us think WE'RE JUST NOT SMART ENOUGH TO UNDERSTAND IT.

But it's really as simple as RIGHT AND WRONG.

Moral banking practices would solve our problems in a hurry.

Yes, these practices by the FED which Dr. Paul brought to light certainly are BIZARRE.

So is murder, theft, rape etc

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul


murder, theft, rape are EVIL actions.


Freedom - Peace - Prosperity

An abomination to God is not evil?...

"An evil disease I have seen under the sun..."

"What God hath given a man to enjoy of the fruit of his labor, yet he is not able but another taketh it from him... this is an evil disease..."

"False balance and unjust weights... both alike are an abomination unto the Lord"...

The plot thickens as the FED's misdeeds and coverups

come unraveled!

By Ron Paul: (2/25/10)
I would like to enter into the record the following letter from Professor Robert D. Auerbach, a professor at the LBJ School of Public Affairs at the University of Texas. This letter provides additional information regarding remarks I made at yesterday's Financial Services Committee ... hearing, remarks which Federal Reserve Chairman Bernanke categorized as “bizarre.”

The head of the Federal Reserve bureaucracy should become familiar with its dismal practices.

Michael Nystrom's picture


This story has made the front page of the Politics section on Reddit.

Please help vote it up if you have an account:



I support Ron Paul 100% but I

I support Ron Paul 100% but I truly believe he has more power and influence as king maker and not the king. Hopefully if he decides not to run in 2012 he will announce his intentions soon and name someone he/we can support. Because of Ron's age we must start thinking of an alternate candidate to have continuity when he does pass on.

I sure hope Ron does not

I sure hope Ron does not throw his support behind Chuck Baldwin again.

Also, I still have not seen anyone other than Ron who is younger rising in the ranks that would be able to mount a credible run in 2012. Certainly not Palin, definitely not Ventura...

Our best candidate is not a person, but an idea!


It seems like the intelligent DP'ers came out for this post. Great posts thus far...great great great!

More please!

I remember when they took Bagdad

that they found a huge amount of American cash. Wonder if that had something to do with this??

Oh, I see this referenced below.