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Bernanke Side-Steps Ron Paul's Question

Ron Paul in session today at the Financial Services Committee Hearing lays out the REAL question that needs to be answered in the sub-prime failures and subsequent bail-out by the Federal Reserve.

Ron Paul:

Is there any Moral Justification for the Federal Reserve deliberately devaluing our Currency?

Bernanke:

Don't worry.....Be Happy!!

You can listen here:
http://www.ronpaulaudio.c...




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Confronting the FED! Paul to the Financial Services Committee

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Here's a link for another short clip documenting talks from a meeting of the House Financial Services Committee with Fed Chairman Bernanke on Thursday. In this YouTube Video, Ron Paul testifies as to how the Fed's monetary policy brought about a 'collapse of the housing bubble'. (2:12)

http://www.youtube.com/watch?v=138LMjiBQ4g&eurl=http%3A%2F%2...

I'd invite you to read the latest installment of a historical essay entitled, "A Crisis in American Leadership (Part Three)" at: http://theenemyslies.com/crisis3.aspx .

"And you shall know the truth, and the truth shall make you free." John 8:32

An Inflationary Monetary Policy

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In a brief statement delivered to the Financial Services Committee yesterday regarding an inflationary monetary policy (http://www.house.gov/paul/congrec/congrec2007/cr092007h.htm ), Congressman Ron Paul noted:

"Under Chairman Greenspan's tenure, the federal funds rate was so low that the real interest rate (that is the nominal interest rate minus inflation) was negative. With a negative real interest rate, someone who saves money will literally lose the value of that money."

Paul further added:

"The Federal Reserve continued and still continues to increase the money supply. After ceasing the publication of M3 last February, private economists have calculated that M3 has risen at an annual rate of almost 12%, which is faster than we have seen since the 1970's.

Millions of Americans now find themselves stuck in a financial quandary that is not their fault. The result of manipulation of the interest rate, money supply, and mortgage markets are the recently popped housing bubble."

For various interrelated reasons, those of us capable of recognizing it appear to be witnessing a form of economic tyranny imposed by those with the unconscionable power to do so, upon a largely unsuspecting American populace. When this same domestic approach is viewed as a 'micro' reflection of the United States' (global) foreign policy, it's a further indication that the freedom to determine our destiny as a nation is being masterfully subverted to carrying out a world ruler's plan to first divide, then subsequently conquer, 'targeted' cultures of planet earth.
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"And you shall know the truth, and the truth shall make you free." John 8:32

I'd invite you to read the latest installment of, "A Crisis in American Leadership (Part Three)" at: http://theenemyslies.com/crisis3.aspx .

"And you shall know the truth, and the truth shall make you free." John 8:32

Listen to Bernakes voice

Listen to Bernakes voice closely and you can hear it quivering as he speaks. Inflation is 2% my ass, more like 20% . Saudis, Venezuela and others dumping dollars and tying oil to Euros instead of Dollars. Dollar in a freefall on the FX Market. One example the Canadian Dollar is now par with the US Dollar. The EURO is at 1.40 against the US Dollar. Hang on to your hats folks, the sh-- is starting to hit the fan.

I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson

“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams

Non Verbal communication

You don't have to be an expert (although it would be interesting to see their opinion), but just look at Bernanke's eyes and head movement when he is responding. He is clearly BSing and knows it.

Uh oh!

You can almost hear Bernake say, "This guy's too smart for his own good, I sure hope no one's watching this..."

Ron Paul Stumps Bernanke

Here's another article about Ron Paul's exchange with Bernanke:

http://www.minyanville.com/articles/bernanke-ron+paul-testim...

I'm also commenting on the donation goal...

We've still got 400 people to go for the goal to be met. I just posted a bulletin to my myspace account about it. Why not try that. Get your friends and family to donate by threat of your friendship, or something else ridiculously drastic (but do it with a straight face). Or you could just try asking them too. However you do it, git 'er done.

http://www.jimmyliberty.com loves Ron Paul

What's with the background music?

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When I played the clip, the first couple of minutes made it seem like Dr. Paul was in the Kit Kat Lounge. The, a few minutes later, he was a a chamber music concert. How is this possible?

Also, the clips were edited, so that it was Dr. Paul giving one long speech. In the end, this was not helpful. It would be better to just let his testimony, with the others, run.

Not very satisfying. Dr. Paul was good, but way out of context.

Donation Goal MUST be met!!!!!!

Hello all.

I know we have allot of issues on our plate right now. Ideas, web polls, organizing. Well what needs to be put in front of all that as top priority is the Donation Goal on the Ron Paul web page.

It is obvious that this number of 1787 donation's needed by Friday is an important one. Otherwise the campaign staff would not have made it headline the website.

If you have already donated then you must go to other blogs, other meetups, there is allot of international meet ups that we can be contacting for this. Local radio talk show hosts that are partial to Ron Paul etc...

Justine pinned this subject to the top of the meet up message board for a good reason. So please, all the great ideas you may have or articles you see, video's you are working on for you tube need to be put aside until Sat morning. We MUST focus on meeting this goal by Friday at midnight!!!!

Thank You!!

Truth is treason in an empire of lies

Didn't answer Paul's question

I saw the broadcast live and Bernanke kind of snickered before Dr. Paul spoke because he knew he was gonna get grilled. Then after Ron questioned his moral justification for artificially lowering rates, Bernanke seemed nervous and stuttered, and avoided the question.

did he listen to Paul?

Was it just me or did Ben miss the point completely? Wasn't Paul saying that the so-called 2% inflation is a misrepresentation because when combined with the depreciating currency rates inflation is actually much higher? He simply answered Paul with misdirection and misrepresentation of the truth.

what did you expect Bernanke to do? tell the truth???

It would sure be enlightening -- or at least very entertaining -- to spike Bernanke's coffee with truth serum sometime, before one of these dances....

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