What is all this nonsense B says about external auditing, collateral etc.. The FED is the only company in the USA that can't go broke. Its product is unlimited, fantasy and cost little to produce. To create 1B dollars, all they have to do is type a 1 and 9 zeros on a computer keyboard. They have no liabilities. If you take a 100$ federal reserve note to the FED, what are they going to give you, 2-50s, 10-10s 100-1s or would you like that in fives? Just pick your combination.
Ron Paul is correct. After this explaination from B. at the end of the video, Dr. Paul says all that matters is the policy
2100v 9 months ago
What is all this nonsense B says about external auditing, collateral etc.. The FED is the only company in the USA that can't go broke. Its product is unlimited, fantasy and cost little to produce. To create 1B dollars, all they have to do is type a 1 and 9 zeros on a computer keyboard. They have no liabilities. If you take a 100$ federal reserve note to the FED, what are they going to give you, 2-50s, 10-10s 100-1s or would you like that in fives? Just pick your combination.
2100v 9 months ago
Ron Paul knows more about economics than anyone in Washington. The Austrian Economists all called it, including Mises in the late '40s!
RonPaulRepublican1 2 years ago
listen to bernanke quibble about HR1207 at the end...ha
118ishness 2 years ago
we bankers own your ass America and you gentiles can Fuk-off. We will steal everything we want and you can sit there and take it.
stophypocrisy 2 years ago
Everything that has a beginning has an end Banker, and your end is coming at full speed.
michmarie2 2 years ago 2
Bernanke, Paulson and Geithner are stupid fucks.
rangeyer 2 years ago 2
Bernanke is a retard...
1286456 2 years ago