Ron Paul & Ben Bernanke: testimony to U.S. House

Ron Paul (R-Tx) testimony to U.S. House Financial Services Committee (& FED Chair Ben Bernanke's response) July 18, 2007

Category:

News & Politics

Tags:

• Ron
• Paul
• Bernanke
• Ron_Paul
• big_picture
• economy
• current_account_deficit

[pajeff2]

paul is out of touch with the way our economy works today...and even in the best economy his position on social programs would have people homeless and starving in the streets

[RBoon]

pajeff2, I'm glad to hear that things are going so well in America, that there are no homeless, and that everyone is well fed!

[gods2fight]

This man is extremely smart, unfortunately the rest in DC are not.

Mistakes can happen once, if it happens second time that is because 90% of the public are brainwashed by corporate media ( China is better in the sense that they openly admit that they are not open ).

Ron Paul Rocks!!

[BrandonVT]

@pajeff2 LOL. FAIL

[MrSmackdown100]

Benanke is the whipping boy for the US rollercoaster that is one directional and unrecoverable , What is Ron Paul going to do? He is very good at defaming the system but not so good at recommending an alternative.

[tiapheres]

@pajeff2

Incorrect, it would force the lazy and abusive free riders to go out and get jobs or to become creative like those in the past and create new jobs and ways to make money. Ron Paul wont remove benefits for the disabled and those not able to work. Our social programs are unsustainable as they are not economically stable. Poverty was meant to be uncomfortable so one would work not to live in it, at this time you can live quite comfortably in poverty and that is just unacceptable.

[TruegrassBoy]

Are you all proud of our President and Democratic Congress? In order to gain votes for this crappy health bill they have sold us all out by opening the Alaska shoreline to oil drilling! And "Bailout Patty" helped!

[KrecickiConsulting]

We have a large deep liquid assets (United States Citizens) I understand the united states will always be in power until another large country decided to turn around and rebuke. But, the other countries rely on us for everything else that allows them to run. The united states is the most incredibly complex ingenious way of government. If you read the history books you'd never of guessed man kind would get to the point.

[facts4u2c]

FACT#5. The taxes paid by Americans never provide ANY services to our

country...all collected income tax money goes DIRECTLY to the F.R. Board

(check the back of ANY check sent to the IRS...it is true).

[facts4u2c]

Thus the

government fraudulently claims superior ownership rights to the property

involved, and the ability to charge the "tenant" rent (called property

taxes, bet U thought U owned that property, right?) for the privilege of

using paper credit.

[facts4u2c]

It is a book entry made by the

"agent" which "monetizes" the value of the real thing, the property

involved. No contract is valid except both parties bring something of value,

called "consideration", to seal the contract. You are bringing the property,

and the promise of future payments...they bring nothing but the ability to

create credit...a congressional "okie-dokie"...to the contract.