Ron Paul to Ben Bernanke: The Federal Reserve Is Already Politicized

[ejjm1]

Paul is passing blame from Congress/Senate, to the Fed. The Fed is a lender, the US Gov is the borrower. You can't blame your bank if you barrow too much money. The Fed has no interest in destroying the US currency or the US financial system. They run many central banks in almost every nation of the world. It would be tremendously bad business for a central bank to ruin a major country(USA). Paul is blaming the Fed for his fellow politicians outrageous spending habits.

[CackSlop666]

@ejjm1 What about the bank bailout? The same people who own the financial institutions are the same ones who knowingly put a million people on the streets by issuing them bad mortgages, THAN sold those mortgages to other companies and bet against them in wall street. It IS bad business, and that's why so many people are enraged.

[wreckerpecker]

Start to finish it's all based on slave labor. Unpaid to paid.

The efficiencies have gone up with the banks extraction of qualities pacing. Net effect is thinnest most strenuous result. You have a situation at where everything you give is gone and everything possible for them to take is gone.

Based on the gold standard, a brand new corvette cost less than $3000.

If China turned off the spigot supply of slave labor, inflation instantly appears.

[billy2bob]

Bernanke says M1 and M2 are not growing.

That's just circulating money, as he says.

What about M3 which has stopped being published?

[agat0r]

Read "The Creature from Jekyll Island" and you will have no further questions.

[MaxZagar]

"As you know, at some point we have to raise interest rates to avoid inflation" ... it just says something about how bad the situation is. They really don't want to expose the truth. Keep on the pressure.

[idahoMW]

Write and call your representatives, demand they cosponsor HR 1207/ S 604!

Keep Bernanke and the Fed squirming and let your reps know this issue is also an audit on Congress that will make a difference on election day.

[AnotherCompartment]

berbanke looks like he can't take anymore of this. they're probably threatening him or something.

[LibertyAndLove1776]

BERNANKE SHUT YOUR BLOWHOLE