Ron Paul Schools Bernanke on the Bailout Plan

Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout.

Use www.votesmart.org to tell your representatives you don't want this plan.

Category:

News & Politics

Tags:

• Ron
• Paul
• Bernanke
• Federal
• Bailout
• Bail
• Out
• Wall
• Street
• Price
• Fixing
• Constitutionality
• Authority
• Monetary

[HBY2002]

Congress does not have authority to create money. It only has the authority to coin money. That is why only gold and silver can be legal tender. Congress cannot create gold, only coin it. When they create dollars not backed by gold, they overstep their authority, so the Fed Reserve system is illegal, immoral, and has become a mechanism to steal the labor from the american work force. This bail out would constitute one of the greatest thefts in the history of the world, would not stabilize..

[getenlightened]

Schooled. Thanks for keeping up the fight RP!

Call everyone in Washington and give them hell. 85% of Americans say no to the bailout - which is a total fraud.

[UponInfinity]

I see Bernanke is too busy writing his shopping list to listen.

[angel1g]

yep he does now this is pretty cool but interesting

[deeznus]

funny!

[davidchenard]

We granted Congress the power to coin money, but we did not grant Congress the power to give that power away to the FED. The FED has taken its power from us through fraud. The media calls the FED "the Federal Government" all the time now. The FED and the banks getting bailed out are owned by the same international bankers. They are giving themselves our money by printing it up and devaluing our dollars. It is theft. We are being robbed.

[4096x]

Bernaked isn't even listening - he's already made up his mind to spend $700B of ur tax dollars on his friends on Wall St.

[AlwaysSimon]

watch?v=dv6rQ0U01Yc

Exactly the same video, yet supporters of the FED and those who are towing party lines are at this very instant having a love fest in the comment section.

[renman59]

Funny! Dems are quick to bailout Wall Street.

Repubs want to protect taxpayers.

Bush is first socialist leader of USA

Dems are pissed because they thought Obama would be first Marxist/Socialist...hahahahaha­hahaha

No Obama-Nation

[jmmyvega]

eeee owned! ron paul knows his shit. :)

[antiochblade]

This bailout will only help the Politicians and their cronies . The Politicians will save America and themselves first . We the people are way down on the list . I say let the banks fail and we'll start over . We do it now or in 6 months or in 6 years it will still happen. I say let it happen now , not when my kids try to get out in the workforce . We need the F.B.I. to investigate the C.E.O.s , board members and the politicians who wernt watching out for we the people. Throw the bums out !