Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity

Author Topic: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity  (Read 7520 times)

0 Members and 1 Guest are viewing this topic.

Offline Dig

  • All eyes are opened, or opening, to the rights of man.
  • Member
  • *****
  • Posts: 63,090
    • Git Ureself Edumacated
Ron Paul Takes Campaign Break to Bash Bernanke
http://blogs.wsj.com/economics/2012/02/29/ron-paul-takes-campaign-break-to-bash-bernanke/
By Jon Hilsenrath February 29, 2012, 10:29 AM

Texas Republican Rep. Ron Paul took a break from the campaign trail today — fresh off Michigan and Arizona primaries — to turn to favorite issue in Washington: Calling for the end of the Federal Reserve.

Mr. Paul is on hand at Fed Chairman Ben Bernanke’s semiannual testimony to Congress to challenge Mr. Bernanke. He wasted no time in his opening statement. “What we are witnessing today is the end stages of a grand experiment,” he said. The Fed’s control of the nation’s money supply, he said, has bred economic bubbles and a drop in the purchasing power of the dollar. It will soon end, Mr. Paul said, because the nation is taking on too much debt which the Fed has facilitated.

“I’m anxiously waiting for this day,” Mr. Paul said. “Reform has to come.” Mr. Bernanke listened stoicly, his finger to his chin. Stay tuned. The sparring between Mr. Paul and Mr. Bernanke is sure to follow.
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately


Offline tritonman

  • Member
  • *****
  • Posts: 5,085
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #2 on: February 29, 2012, 12:07:38 PM »
Bernanke was just making the calim that inflation is under control,good grief.... ::)
Anyone who has shopped for almost anything over the past year knows this is total BS no matter what his numbers or charts try to portray.

Offline tritonman

  • Member
  • *****
  • Posts: 5,085
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #3 on: February 29, 2012, 12:14:20 PM »
Brad Sherman is currently in suck up mode big time it would appear and on bord for the Iran attacks . :(

Offline tritonman

  • Member
  • *****
  • Posts: 5,085
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #4 on: February 29, 2012, 01:06:55 PM »
Shrillary Clintoon up next on CSPAN To request an increase in the foreign aid budget.
Carry on Drunken Sailors, spend , spend, spend.  Run that debt up to the MOON Alice. :o

Offline Dig

  • All eyes are opened, or opening, to the rights of man.
  • Member
  • *****
  • Posts: 63,090
    • Git Ureself Edumacated
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #5 on: February 29, 2012, 01:21:14 PM »
Ron Paul spars with Ben Bernanke on Capitol Hill (VIDEO)
Texas congressman challenges Ben Bernanke on inflation, asks if he does own grocery shopping.
http://www.globalpost.com/dispatch/news/regions/americas/united-states/120229/ron-paul-ben-bernanke
Meena ThiruvengadamFebruary 29, 2012 12:18

Federal Reserve Chairman Ben Bernanke testifies before the Joint Economic Committee on Capitol Hill in Washington, DC, October 4, 2011. Bernanke on Tuesday said the United States may face yet more slow jobs growth, as he warned short-term budget cuts and financial turmoil could further threaten the economy. (JIM WATSON/AFP/Getty Images/Getty Images)

Texas Congressman and Republican presidential hopeful Ron Paul on Wednesday challenged the US Federal Reserve's commitment to low interest rates by pulling out a silver coin and asking Fed chairman Ben Bernanke if he did his own grocery shopping.

Turns out Bernanke does do his own grocery shopping.

Paul was trying to make a point about inflation. Though the Fed estimates inflation is running at about 2 percent, Paul said he believes it really is closer to 9 percent.

"This argument prices are going up 2 percent - nobody believes it," he told Bernanke, who was on Capitol Hill to deliver the first of two major economic reports he is scheduled to give to Congress this year. Paul suggested he and Bernanke compromise and say inflation is running at about 5 percent.

"If this hearing was your introduction to American politics, you would never guess which party counts Bernanke as a member," New York Times reporter Binyamin Appelbaum tweeted.

In his prepared testimony, Bernanke told lawmakers the Fed plans to stick with its ultra-low interest rate policy into 2014 as it has said in its statements.

He acknowledged that unemployment has been falling more quickly than the Fed had anticipated, and said,"the unemployment rate remains elevated, long-term unemployment is still near record levels, and the number of persons working part time for economic reasons is very high."

The Fed isn't expecting unemployment to keep falling so fast, but if it does the Fed will reassess its economic outlook, the Associated Press said.

Bernanke's testimony comes as the US economy appears to be strengthening. Private companies have been adding jobs, unemployment has been declining and the government on Wednesday said it believes the economy in late 2011 expanded at a quicker pace than it had initially estimated.

Still, the "fundamentals that support spending continue to be weak," Bernanke told lawmakers Wednesday. "Real household income and wealth were flat in 2011, and access to credit remained restricted for many potential borrowers. Consumer sentiment, which dropped sharply last summer, has since rebounded but remains relatively low."

Higher oil prices are expected to push up inflation temporarily, but the Fed expects that to be only a temporary phenemenon, Bernanke said. Of course, Paul disagrees as he very vocally has for years.

To illustrate his point, Paul pulled out an ounce of silver and delved into a conversation about parallel currencies, describing how the silver's purchasing power of gasoline has changed.

"You love paper money. I think money should be honest," Paul told Bernanke.

The Wall Street Journal reported the Fed chairman said he would be happy to talk to Paul about the idea of a parallel currency he raised during the hearing. But "After the brief exchange, in which Mr. Paul did most of the talking, the Fed chairman moved on to the next questioner and Mr. Paul left," the paper said. 
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

Offline Dig

  • All eyes are opened, or opening, to the rights of man.
  • Member
  • *****
  • Posts: 63,090
    • Git Ureself Edumacated
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #6 on: February 29, 2012, 01:22:00 PM »
Paul returns to DC to assail Bernanke
http://thehill.com/blogs/on-the-money/801-economy/213321-paul-returns-to-capitol-hill-to-lay-into-bernanke
By Peter Schroeder - 02/29/12 12:13 PM ET

Rep. Ron Paul (R-Texas) took a break from his presidential bid to pursue one of his favorite pastimes — criticizing the Federal Reserve.

Paul returned to Capitol Hill on Wednesday to question Fed Chairman Ben Bernanke, who was appearing before the House Financial Services Committee to deliver his semiannual testimony.

The longtime central bank critic and author of End the Fed opened with a lengthy critique of the central banking system, which he maintained is a wrongheaded experiment that has fueled bubbles and bursts in the financial system.

"Nobody's smart enough to have central economic planning," he said. "Our time has come for serious discussion on monetary reform."

"The Fed's going to self-destruct eventually anyways," Paul added later.

He went on to criticize the Fed for its monetary policy, reiterating his longstanding desire for currency backed by hard assets like silver and gold. He pressed Bernanke on why existing fiat currency couldn't coexist with hard currency like silver.

"You love paper money. I believe money should be honest," he said.

Paul went so far as to hold up a silver ounce to Bernanke, explaining that that tangible item had appreciated in value to the point that what bought four gallons of gas in 2006 now could buy 11 gallons.

A bemused Bernanke listened to Paul's lengthy speech, finally responding with, "First of all, good to see you again."

He went on to say he would be willing to discuss the idea of a parallel currency with Paul in the future.

Before leaving shortly after concluding his exchange with the Fed chairman, Paul asked Bernanke if he purchased his own groceries. Bernanke said he did.
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

Offline Dig

  • All eyes are opened, or opening, to the rights of man.
  • Member
  • *****
  • Posts: 63,090
    • Git Ureself Edumacated
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #7 on: February 29, 2012, 01:23:30 PM »
I remember when you had to watch cspan 24/7 to catch ron paul because no one would report it. now when ron paul speaks there are dozens of news articles (from outfits smaller than the top 4)!

awesome!
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

Offline tritonman

  • Member
  • *****
  • Posts: 5,085
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #8 on: February 29, 2012, 01:56:49 PM »
http://www.youtube.com/watch?v=H4uL6CSiGrU&feature=player_embedded
Ron Paul grills Helicopter Ben on inflation. ;D
Beware that this clip shall make you endure about 1 minute of Barney Frank the Fed stooge prior to Ron Pauls excellent questioning.

Offline Constitutionary

  • Member
  • *****
  • Posts: 2,239
Re: Ron Paul Takes Campaign Break to Expose Federal Reserve Criminal Activity
« Reply #9 on: February 29, 2012, 02:58:10 PM »
Get these out to anyone STILL not in the know.


The American Dream Film-Full Length
 
https://www.youtube.com/watch?v=tGk5ioEXlIM


The Money Masters.

http://video.google.com/videoplay?docid=-515319560256183936&q=The+money+changers&ei=Zd4QSMjvB47YqAKQtJmzBA