Brilliant honorable Congressman Dr.Ron Paul vs Bernanke 11/18/2008
11/18/2008 Congressman demands to know if discussions regarding new reserve system to replace dollar have taken place. Congressman...
Brilliant honorable Congressman Dr.Ron Paul vs Bernanke 11/18/2008 11/18/2008 Congressman demands to know if discussions regarding new reserve system to replace dollar have taken place. Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill. Already we see talk.about a new international world reserve currency and to me thats pretty important because the fiat dollar reserve system is not gonna work anymore, said the Congressman, adding that currencies have failed throughout history. Paul asked Bernanke, In your meetings with other central bankers, does this thought come up about a new international world reserve currency and if so, does the subject of gold ever come up.is there a move on to replace the dollar system? I dont think the dollar system is dead, I think the dollar remains the premiere international currency.I think the dollar system remains quite strong, responded Bernanke. Bernanke failed to address the issue of a new system of currency so Paul repeated the question of whether the subject ever came up, to which the Federal Reserve chairman responded, no it doesnt. Asked if the subject of whether such a currency, or indeed the dollar itself, would ever be backed by gold and if gold ever came up in conversation, Bernanke responded, only in terms of the sales that banks are planning. Despite Bernankes dismissal of talk about a new world currency system, such speculation has been rife and indeed French President Nicolas Sarkozy has repeatedly called for the dollar to be demoted as the premiere currency. French Economy Minister Christine Lagarde has also called for the dollar to be replaced by the Euro as the world reserve currency, so to believe that such proposals have not emerged in meetings between central banks is stupidly naive. In September, the Chinese state media, the official voice of the ruling Communist Party, called for the creation of a new currency system following the collapse of Lehman Brothers. The recent G20 meeting was itself billed as Bretton Woods II in reference to the first Bretton woods conference at which the dollar was established as the world reserve currency in the summer of1944. Nobel prize-winning economist and former World Bank chief Joseph Stiglitz has also called for a new global currency, as have scores of other top economic analysts. Bernankes claim that such talk has not cropped up during central bank meetings is dubious to say the least. http://www.prisonplanet.com/ron-paul-... lobal-currency-plans.html (more)
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bernanke is stuttering and talking fast... probably sweating too with all those congressmen staring at him knowing he is a lying corrupt greedy evil piece of shit
Bernanke's media blitz was such a joke. He is damn near begging the Obama admin to renew him as Fed chairman. Either that or he thinks he is a rock star.
I like Ron Paul and hes probably the only politician i would ever vote for.I dont really care Democrat or Republican i hate em both. But there just people and sometimes you can find an honest one.But lets say he did become the Prez. There would be a never ending battle between the Gov and the Fed. and the Fed pretty much controls the Gov so he would probably be assasinated. Fuck the Fed. go Ronny.
I hear that Ron Paul may struggle in his next reelection campaign. I hope I'm wrong because I'd hate to see this man removed from office by the voters.
I am probably in more danger just driving than from Islamic terrorism. I don't know if there is a shadow gov - I just know that this nation isn't what I was raised to believe. We put a pellet stove in the greenhouse due to propane costs. I'd prefer self-suffiency too. Am hoping costs will come down like computers did. I just wish there was justice - as in if you run your bank into the ground, you get fired, not golden parachutes. Jails are full of poor people - not a lot of justice here.
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Ron Paul though needs to keep this subject up front, which he is attempting to do.
Notice how when he speaks, he generally does so without reading notes, as he does on most topics?
And Bernie smiles.......he needs to go and the FED should be investigated and audited.