Ben Bernanke - Printing Money - 60 Minutes Interview

berMONKEY

Dr. Paul for PRESIDENT 2012!!!!!!

Yeah, we're screwed. gold and silver are up ladies and gentlemen, it's beginning

This will bring to HYPERINFLATION

I can't believe this man has written multiple economic textbooks and gotten them published.

"The fundamentals of the economy are sound."
- Ben Bernanke 2007

lol. That's all we need to know! The chairman of the FED's assurances about the results of what the FED did. Or at least what he can recall from memory about their secret meetings! haha. now THAT's transparency! lol.

Please help support the Federal Reserve Transparency Act! (senate version S 604, house version hr 1207) Ignorance is not bliss, please be involved and show your support! Contact your legislators-do what you can!

Bernanke's responses are too often unacceptable. He doesn't answer the questions. He is not required to answer congresses questions unless he decides to. An audit of the federal reserve (The Federal Reserve Transparency Act) would require the FED to disclose relevant information to congress. The FED should be audited like everyone (check against corruption, fraud, favoritism etc). Until an audit is required, only vague responses is what representatives who are supposedly in charge will get

One sentence he tells us he is using the Fed computer/printing money to increase the money supply (not destroying the equivalent amount of old bills in circulation) which by DEFINITION is inflation.

The last sentence he says we are assuring a recovery which does not involve inflation.

Can someone tell me how you print more worthless paper without a backing, thereby increasing the total circulation, thereby equivalently reducing the value of the paper in circulation and NOT involve inflation?

In the past yes, but because of so many insolvent brokerage/loan/mortgage accounts that "destroyed" a particular amount of money circulating throughout the system, some economists say that by printing more money, they are simply replacing the money that was destroyed by defaults on loans/failing banks.