Ben Bernanke in Panic (Audit the Fed Bill)

[pttike1981]

What a liar

[anuangelseyes]

He danced around that question-using independence as an excuse.his voice quivered and he spoke very hastily-almost as if rehearsed.-this is stage play bullshit propaganda!

[SuperDeltaBravo1]

I would not want to be this piece of fesces for any amount of money. I'd rather be an honest man of modest means than to be a POS like this! Karma Bernanke, Karma. You'll get yours Bud, for a long, long Time!

[fredonia81]

What the hek is he talking about??? Can someone help me understand? The guy interviewing Benny Bullshit looks confused also

[danieldeming]

Hah, his voice is so shaky... it just reeks of nervousness. I've noticed that come out in a few other videos with Bernanke

[1210catman]

Federal Reserve policy is simply to redistribute wealth from the poor and middle class back to them. do not listen to any of their bullshit or mathematical calculations Bernanke spews in the above video, it is the biggest scam ever created. period

[1210catman]

ok then take your Federal Reserve note and your monetary policy and use it for the other countries and we can have a currency interest free, A United States currency backed by the supposed valueless gold in Ft. Knox and the Federal Reserve Banks and let the currencies compete with one another, then we don't need to audit your decisions, we will be able to see for our selves which one is counterfeit.

[napalmvoododaddy]

blow it out your ass bernanke ! you scared little rabbit !!

[JedskoPoz]

jews......

[coolestdude80]

Who should regulate monetary policy?? What or whom did before 1913???

[1210catman]

@coolestdude80 the market should regulate money prior to 1913 the first and second banks were chartered in the U.S. there was periods with no central banks but very little time without regulations,the most prosperous time for everyone was when there wasn't regulations or central banks and there was a free market,the most prosperous time for bankers is with centralized banks to redistribute wealth back to the banksters, thats what they don't want changed or as Bernanke puts it "audited"

[cdc482]

There are only two legitimate cases for who should run monetary policy. The Congress or the market. It should definitley not be the heads of all the major banks.

[cdc482]

"I don't think the American people want Congress running monetary policy."

Ya Ben. We'd much rather a group of elitist bankers do it.

[ansionsore]

@cdc482 Hear Hear!!! I want Congress running monetary policy because they are ELECTED, ACCOUNTABLE REPRESENTATIVES! They have to make the right decisions because we will vote them out if they don't! Congress has given all the power to the Fed and the Executive Departments, so they are no longer accountable, and we have no control! If the EPA passes Cap & Trade, we can't do shit except beg Congress or the Courts to throw it out, which they WON'T! Restore the Republic!!! AHHHHHH!!!!!!!!!!

[d1incharge]

Please explain where this advanced mathmatic you talk about come into play? Where will it actually matter? Is bernanke a mathmetician? Math is really just common sense, people that need to learn common sense stuff like math, really just lack common sense. Money was a receipt for gold, what happens when you start printing more reciepts than you have gold, and people start cashing in? Please show us a paper money in the history of man that hasn't crashed.......please........

[thrasher956]

I don't want YOU running policy!

[tinosnit]

Everything Bernanke said was spot on. Face it guys, Bernanke has done a great job, it's the dumb arse politicians that are the problem.

[fireupgoku]

@tinosnit Bernanke is a lier! Whats wrong with congress running the fed! When the Fed is able to hide things from the country that created it.....who is really in control?

[tinosnit]

@fireupgoku I trust Bernanke a lot more than a bunch of dumb arse politicians (including Ron Paul). The Fed's books are already pretty much fully open to congress, as Bernanke pointed out.

[fireupgoku]

@tinosnit you just said you trust a man that runs are country on imaginary money. Do you understand how a money system works! Bernanke runs a system off money that dosent really exist. He prints paper and gives it a federal serial number and says it has value. The only thing that has eternal value is GOLD and SILVER. If you have nothing to back up the paper to give it value it lacks its value hence why our Economy and value of the dollar is at the same level as Canadas.

I wish you the best.

[tinosnit]

@fireupgoku "Do you understand how a money system works!" Yes. You don't. "money that dosent really exist" Look in your wallet. It's real, buddy. "eternal value is GOLD" No. Physicists will eventually produce it dirt cheap.

[fireupgoku]

@tinosnit You call that money??? Thats paper that your TOLD by the FED has value....What separates that paper from the paper i wright on in class! NOTHING...other then a serial number printed on by the Fed. Why do you think the value of the dollar is so LOW. IT HAS NO VALUE! Is that a hard concept for you to understand! Out threw HUMAN history paper money fails every time! your one of the people that say the will MAKE gold??? That would be fools gold!!! Its not real!

[tinosnit]

@fireupgoku "You call that money???" Yes. plastic money is obviously a medium of exchange. "What separates that paper from the paper i wright on in class! NOTHING" No. We're all forced to use the Fed's paper, that's the difference. "Is that a hard concept for you to understand!" In a sense; because it's wrong. "your one of the people that say the will MAKE gold???" Yes; as we master nuclear fusion. Further, mining a single asteroid will bring more gold than has ever been mined before.

[fireupgoku]

@tinosnit "Yes. plastic money is obviously a medium of exchange." I never said any thing about plastic??? if you have a debt card that means your using cash from a bank account. That moneys not backed up by any type of intrinsic value "No. We're all forced to use the Fed's paper, that's the difference." FORCED to use the feds money.....Need I say more. "In a sense; because it's wrong."....Way to create a solid argument on that one. It really had a firm backing to it....

[tinosnit]

@fireupgoku "Need I say more" Yes. Forcing people to do things often (like in the case of money) works well. "Way to create a solid argument" You're the one who was being a smart arse. Honestly, forget everything you think you know and honestly look at the situation from Bernanke's point of view for an hour or two.

[d1incharge]

@tinosnit are they? surely he couldnt lie? Paul has been asking for years where billions to trillions of dollars are going with no response and no way of knowing. Sounds to me like bernanke lied.

[d1incharge]

@tinosnit Bernanke has done real well, along with the fed res in general, I mean shit, some economists say our dollar buys a whopping 5% of what it would have 100 years ago. Geez, good job guyz, drrrrrrr.

[tinosnit]

@d1incharge "where billions to trillions of dollars are going" Paul is insane. As Bernanke points out, all relevant documentation is made available to congress. "Bernanke has done real well" He has. The US economy would have tanked by now were it not for him. "dollar buys a whopping 5% of what it would have 100 years ago" And your grand-daddy was paid 5% of what you are now.

[d1incharge]

@tinosnit god damn you are a fcking moron, what are you ten? Or dollar has 5% of its original value, vs. GOLD, it has lost 95% of it's value because the fed just keeps printing without backing it. Fuck do just a tiny bit of reseach kid, it is like the only place you have ever gotten finance and economy education was youtube. Looks like you are fine with 100 years down the road, minimum wage being 850$/hour? Paper money is worth 5% of what it was compared with things you cant print like GOLD.

[fireupgoku]

@d1incharge Well tinosnit says they are going to make gold! A youtube education is an education we can all envy.....

[tinosnit]

@d1incharge "what are you ten?" I'm 22 and I'm a top maths/physics/philosophy student. My advice is that you should forget politics and read a few maths textbooks (set theory, PDEs etc); then you'll be intelligent enough to see how stupid people like Ron Paul are. "you are fine with 100 years down the road, minimum wage being 850$/hour?" Actually it'll be more like $300/hr. And yes, I'm fine with it; inflation is healthy.

[d1incharge]

@tinosnit Dude, a 22 year old student.........sorry about that, you just lost 4 extra years of your life being bent over than taught not to think for yourself. Anybody that says inflation is healthy is a moron. I love how sure you hare it will be 300/hr, even worse, your fine with that?, just bring your 10,000dollar bills to the movies. Play the arcades with hundies. Wander who I guessed you were young? Ron paul is a Dr., you are a student, realize your position. Do your teachers agree w/you?

[tinosnit]

@d1incharge "bent over than taught not to think for yourself" Trust me, I give my lecturers a harder time than any other student does! I challenge them on everything... "your fine with that?" Obviously, yes. "Wander who I guessed you were young?" You didn't. "realize your position" Ron Paul has never read an advanced maths textbook in his life. He is a fool. "Do your teachers agree w/you?" I'm sure all would agree Ron Paul is a nutcase.

[d1incharge]

@d1incharge Please try not to comment on politics or economy until you have hatched. I love how today it is ok to be a 22 year old student. I hated school with such a passion it drove me to financial success early just to show all of my college graduate friends how much more money you can make w/out a degree, and losing 5 years of your life. I had built by own house and cabin by 22. Until you have been a part of the job market and economy, please save your comments.

[kysmik]

Wow, is this guy shaking in his boots or what? Last time I saw squirming like that was when Bill Clinton was asked if he had a sexual relationship with Monica Lewinsky!

[Wildkkat1]

When Republicans take back the House the Fed will be audited, and watch the roaches scatter!

[seanbuckmaster]

Demand information and report it to congress... sounds fair to me.

I miss the old man with the bow tie.

[lafleurplumeria]

Bottom line.... It is consistent with transparency. The Fed has had since 1913 to demonstrate it's value to the citizens of the US. So far, the Fed has reduced the value of our currency by 96%. Wealth is being taken from our middle class by the banks huge banks that own the Federal Reserve. They are getting richer and we are getting poorer. In 1913 one ounce of gold was $20. Today, that same ounce is $1200. Things aren't getting expensive, the value of our dollar is dropping. Thank the Fed!

[sstearns34]

Every time I hear Bernake talk about this bill, he sounds like he wants to cry. Is it just me?

[Forlo12345]

@sstearns34 His voice is quivering. Obviously he's afraid....

[dukiesrule05]

Ben, why do we want YOU running monetary policy??? Last time I checked you weren't an elected official???

[JarridSinn]

On his last statement; That is consistent with AMERICAN independence, and the constitutional right / powers of the congress.

[ForgottenCreature]

His voice is shaking. I wonder why?

[Schwanke78]

Ben knows exactly what this bill is and it's the rebirth of America! I will give Ben this, he has been better at transparency, but it's still not enough bring on HR 1207! Also the Constitution gave Congress the authority to coin money, not a fake wanabe monopoly bank.