Ron clearly states that the fed is bailing out wall street by taxing the poor with inflation and asks why. Bernanke answers by basically saying "yes inflation is bad.... derrrr derrrr derrrr" What a f**king tool.
What makes you guys so sure Ron Paul is actually going to get rid of the Fed? I think you are dramatically underestimating what a president can actually do.Same goes for the IRS. We'd all love it if the IRS went away, but give me a break...you honestly think that's going to happen?You do realize if Ron Paul gets elected he has to deal with a heavily partisan congress, yes?
And in the end, Bernanke responds with a complete lie, as usual. He says that the Fed's goal is to "maintain price stability, which, to my mind, means 'the value of the dollar."He precisely MISSED the point. PRICE stability for the sellers, despite the declining value of each individual dollar held by the buyers...is precisely the problem. They always side with the market (with the people wealthy enough to trade stocks, rather than earning money through work), with the sellers, always, and never with the masses of people who are not wealthy 'merchants', but who have to buy all their goods. Could this pathetic excuse for a man have had any LESS comprehension of the point that Dr. Paul explained so clearly? And of course, the Federal Reserve is NOT a legitimate part of the US Government, or the Treasury Department...but is an independent cartel of bankers who have seized control of the monetary system.
Closed AccountSep 20, 2007
Ron clearly states that the fed is bailing out wall street by taxing the poor with inflation and asks why. Bernanke answers by basically saying "yes inflation is bad.... derrrr derrrr derrrr" What a f**king tool.
vaultSep 21, 2007
What makes you guys so sure Ron Paul is actually going to get rid of the Fed? I think you are dramatically underestimating what a president can actually do.Same goes for the IRS. We'd all love it if the IRS went away, but give me a break...you honestly think that's going to happen?You do realize if Ron Paul gets elected he has to deal with a heavily partisan congress, yes?
waterdragonSep 24, 2007
And in the end, Bernanke responds with a complete lie, as usual. He says that the Fed's goal is to "maintain price stability, which, to my mind, means 'the value of the dollar."He precisely MISSED the point. PRICE stability for the sellers, despite the declining value of each individual dollar held by the buyers...is precisely the problem. They always side with the market (with the people wealthy enough to trade stocks, rather than earning money through work), with the sellers, always, and never with the masses of people who are not wealthy 'merchants', but who have to buy all their goods. Could this pathetic excuse for a man have had any LESS comprehension of the point that Dr. Paul explained so clearly? And of course, the Federal Reserve is NOT a legitimate part of the US Government, or the Treasury Department...but is an independent cartel of bankers who have seized control of the monetary system.