Bernanke Live on C-SPAN - 10am ET - 7/21/2009

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Federal Reserve Chairman Ben Bernanke delivers his annual Humphrey-Hawkins testimony about the economy to the House Financial Services Committee. He will testify on monetary policy, inflation/deflation, the deficit and future stimulus measures.

Dr. Paul will have an opportunity to question him.

Tune in on on the web on C-SPAN Channel 3

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Anyone got the Grayson clip?

Thomas Jefferson once said, "The natural progress of things is for liberty to yield and government to gain ground."

Well, I guess he called that one.

Main Street Media's take on the session

Bernanke says Fed can take on supercop role

Federal Reserve Chairman Ben Bernanke on Tuesday fended off congressional skepticism about expanding the Fed's duties to police big financial companies given the central bank's failure to catch problems that led to the financial crisis.

http://news.yahoo.com/s/ap/20090721/ap_on_bi_ge/us_bernanke_13

they make him sound like a hero.

I must exist in a alternate reality.

12:41 central time, Is it over yet??

??

So Whats The Deal

Bernanke says after 5 years they can be audited. Does this mean after 5 years GAO can audit all monetary decisions?

I just called Grayson's office

I told the staffer to thank him for his line of questions and added how impressed I have been with him lately.

I also threw in that I'm not a Democrat, but myself and others around the country admire his efforts.

I hope some will get this posted

on YT or some where sooonnnn!

Grayson is GRILLING Bernanke!!!!!!!!!

With the facts: numbers and figures.
Squirm, Squirm, Squirm!!!!

grayson is awesome. He is

grayson is awesome. He is smooth.

YES!

Grayson gets him to admit to the foreign central bank issue!

WOOT!

Go get him Grayson!

$9 Billion to New Zealand - $3000 per citizen

Ben looked ill

Damn no chest pain.....

hopefully some sweat will be showing, if someone will start talking indictments and jail time.

Rep. Bill Posey...

Just grilled him nicely.

Tarp Money

Ben said that they have no idea how much money has been paid back?Huh?????
Is this some kind of joke?

I hate then they open with

I hate then they open with 'thank you mr chairman to be here'. Sheetz, they don't need to thank him for anything. He's suppose to be there when he's called on since the fed is a creature of congress, a deceitful at at that.

Dog & Pony Show live

Welcome to the Dog & Pony show coming to you from the hill.

Rep Garrett just nailed Ben on unemployment projections

The actual unemployment numbers are higher than the FED scaremonger projection under a no bailout scenario.

Ben is rattled, his voice is wavering...

...forget my comment.

...forget my comment. Misread.

Garrett revealed that Ben's projections were worthless

Showing the "actual" unemployment with the bailout to be higher than the Fed's projections under a no bailout scenario basically refuted the rationale for the bailout and undermined the Fed's credibility.

Exposed the Fed as a scaremonger

Rattled like a deer in the headlights....

Use it to call on them to bring HR 1207 to a vote in the House...Lets go!
http://www.votervoice.net/Core.aspx?AID=972&APP=GAC&SiteID=0...

Rep Gwen Moore

Just said she got her fiscal information from Rolling Stone magazine.

Wow, just wow.

If I heard correctly Maxime

If I heard correctly Maxime Waters gave it to her.

~~
Teach a man to fish and you feed him for the rest of his life.
Teach a man to phish and he'll clean out your bank account.
~~

Hahaha

I was about to post that! She's highly educated.

Video

"We make a very healthy profit which we then share with the treasury" - Bernanke

Is it just me or is this statement extremely troubling in the sense that not ONE congressman followed up on this statement to ask him what he meant!?!??

Is this guy pulling backroom deals with the treasury, and profiting off our financial meltdown in secret ?

Well...that is troubling

that no one followed up on that!!!

and lol!!! I will correct your last from a question to a statement...

This guy is pulling backroom deals with the treasury, and profiting off our financial meltdown in secret.

*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

He said PROFIT....And he shares the profit with the treasury...

That's code-speak for "we pull backroom deals" at the american taxpayer's expense......This is insane! I thought that money, most of it was meant for the economy.

It turns out only a % goes there?!? The rest goes to his buddies in the treasury like Geithner & Paulson, for doing a heckuva job, that is nuts - these guys are committing flat out fraud!!

Bernankie's facial expression

Did you see the huge breath he took after he realized RP's time was up? His facial expression said, "Holy shit that sucked, thank god it's over."

Why isn't the question asked

how much profit is the federal reserve making off the taxpayer?

Ron Paul needs to ask them....

Nail these bloodsuckers on it. It's a fact they're doing a swindle.

I felt like I was watching Keynes vs Mises...

Of course, Mises logically wins.