Ben Bernanke was Wrong
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Uploaded by MarcusCMarcellus on Jul 22, 2009
http://www.lewrockwell.com/north/north737.html
For everyone who missed this, I'm reposting a compilation highlighting the Wisdom and Economic Sagacity of the man at the head of the Federal Reserve Bank; the man in charge of the Dollar's supply; the creature who is to assume MORE regulatory power and control over financial institutions; the money-printer par excellence - Ben Helicopter Bernanke.
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Ben the dumbest smart fucker on the block. Of course he is an academic so what do you expect.
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Ron Paul should play these statements before questioning Ben at the next subcommittee hearing.
4 months ago 2
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This vid should be about 10 hours long if you are to be inclusive of everything he's been wrong about.
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@zombiesoiree You let bad investments make the returns they deserve. Otherwise the tax payers have to make them good, is that any fairer. If the bank fails another will replace it and they'll be more careful next time. You cant have capitalism without risk of losing money or people just waste money
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@zombiesoiree The response is to let the banks fail. No one is going to lose any dollars, but anyone holding dollars will lose their purchasing power. He needed to, and still needs to, raise interest rates considerably. Then savings would increase and create the capital necessary to grow small businesses. What you have backward is that business growth comes from credit. If that were the case, our economy would be booming today.
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Bernanke is the perfect example to illustrate that an academic and an intellectual are not the same thing. To be an intellectual, you have to THINK.
-jcr
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Berdork
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Another thing Bush and Obama have in common (Ben B)
7 months ago 3
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Peter Schiff and Ron Paul was right!
bjarnet3 1 year ago 29
END THE FED....RON PAUL FOR PRESIDENT 2012....PETER SCHIFF FOR SENATE
petiemac24 11 months ago 13