Ron Paul Berates Bernanke Today - Ron's Best Speech Yet [video]

[Broadlighter]

Is this what Bernanke doesn't get or what he hopes we can't succeed in making people understand?

Good question. I've heard this argument before in the media and other places:

'...But the Fed was created to prevent the banking panics in the 19th Century!"

We need our advocates to counter that with:

"And it was the same people who caused those panics through fractional reserve lending, who later got together to form the Federal Reserve System. Looks like we put the wolf in charge of the hen house."

I haven't heard that counterpoint brought up in the exchanges, and it's high time it's put back in their faces. Blowback's a bitch, baby!

 

[Falseflagop]

I love RP going after the PPT calling them out as they are "WORKING" not advisory!! = PROPPING THE STOCK MARKET to create the illusion everything is great, that is what RP is telling you people!

 

[TruthAtLast]

http://www.youtube.com/watch?v=_8pLpI5rzKI&feature=related

I loved this exchange.


Ron Paul: In the 70s we had consequences of guns and butter. Now we are having guns and butter again. We're having consequences and it looks like we may well come to a '79 / '80. Do you anticipate that there is a possiblity that we'll face a crisis of the dollar such as we had in 1979 and 1980?

Bernanke: The Federal Reserve is committed to maintaining low and stable inflation and I'm very confident that we'll be able to do that.

Ron Paul: So, you're not answering whether or not you anticipate the problem.

Bernanke: I'm not anticipating a problem like '79 / '80, no.

Ron Paul: With your fingers crossed I guess. OK, thank you.

 

[asheville4paul]

I must give helicopter Ben credit for trying to answer the questions unlike Greenspan who would just bs for five minutes.

 

[ultimaonliner]

Please look at my avatar and enjoy.

Enough said.

 

[Primbs]

Bernanke is really thinking about the questions that Ron Paul poses.

 

[gilliganscorner]

Please look at my avatar and enjoy.

Enough said.

Nice Avatar!

What do you think of my basement remodeling?

Oh wait. That's the basement I do want.

 

[ultimaonliner]

Nice Avatar!

What do you think of my basement remodeling?

Oh wait. That's the basement I do want.

Is that from one of the reserve banks? That's a lot of gold!

 

[wgadget]

maybe one day we will let the free market decide

Maybe when Ron Paul is PRESIDENT.

 

[gilliganscorner]

Is that from one of the reserve banks? That's a lot of gold!

Total Gold in Trust:
Tonnes: 642.04
Ounces: 20,642,203
Value US$
18,363,416,026.60

Allegedly held by StreetTracks

 

[AJ Antimony]

Great exchange.

What Bernanke doesn't get is that it was the same bunch of people who caused the panics in the late 19th Century, who created the Federal Reserve System.

Um, he gets it. He's not an idiot.

 

[LEK]

Who is the guy behind him that looks autistic/shaking his head to stay awake ?? Starts at about 1:30 into tape

he was holding his head to keep it up...wonder if he's mildy palsy. quite odd...

 

[ultimaonliner]

Um, he gets it. He's not an idiot.

Bernanke is no idiot. I think he secretly enjoys the questions RP asks him, but Bernanke as the Fed Chair could NEVER actually say, "Yea, you're probably right" to RP.

 

[pinkmandy]

Bernanke must dread having to face RP. Great job, Dr. Paul!

 

[TruthAtLast]

Total Gold in Trust:
Tonnes: 642.04
Ounces: 20,642,203
Value US$
18,363,416,026.60

Allegedly held by StreetTracks

18 billion. Impressive. Too bad we owe nearly 9 trillion and have another 50 trillion in unfunded liabilities. Heck, 10 times more money was create just for the "stimulus" package than that 18 billion in gold. Another 6 times more was created for the take over of Bear Stearns.

As much gold as that appears to be. It isn't a even a rounding error compared to the assets we SHOULD have in reserve to back up the money that has been created over the last 100 years.

 

[RSLudlum]

Did Bernanke just made the point that 'war' is part of the business cycle? in our system when he states "Gov't spending during wars" ~5:30

 

[RSLudlum]

Bernanke is no idiot. I think he secretly enjoys the questions RP asks him, but Bernanke as the Fed Chair could NEVER actually say, "Yea, you're probably right" to RP.

Didn't he actually tell RP in the last meeting that it's Congress's job to fix the problem ie to limit the Fed's abilities? So yes he get's it but is just doing his job while Congress turns a blind eye.

 

[Knightskye]

"We need the government to protect citizens from freedom."

Great line.

 

[Primbs]

Bernanke has an economic text book that is still used by many colleges for economics classes. Somebody should go over it with a fine tooth comb.

We could get some insights.

 

[thuja]

he looked well and rested today.