BREAKING:The FED Bernanke TALKS. Ron Paul is crushing him now!
Submitted by takeaction on Thu, 11/08/2007 - 11:28People, just now I am listening to the head of the Fed try and answer questions. He hesitates on every answer, and talks in circles and never answers the question directly. This in my opinion just shows how he is destined to contribute to the crash of the dollar. We are in so much trouble, it is astounding. We can not deal with another year of this. Just in the time while Bernanke was talking, gold and silver skyrocket, as the dollar fell again. This shows that Big Investors. Ron Paul Talking now...I hope somebody is grabbing this on video!!!
Ron Paul is crushing Bernanke with the facts...You should see his face.
WOW....I pray somebody is grabbing this on video...and will post!!
On CNN Live Now
UPDATE Here it is!!
http://www.youtube.com/watch?v=yAwvlDJgJbM&eurl=www.ronpauln...
You Like Apples?
How do ya like them apples?
When Greenspan retired, I remember the news saying they were looking for a replacement and I thought yeah right. More like a Fall Guy.
The FED knew this day was coming. Bernake will get the call to run a play from the FED's old playbook.
He will be sacrificed on the alter of problem reaction solution and the very ones who created the mess will try to position themselves as the savior even if they have to feed every one of their underlings and wannabees to the wolves first.
May our efforts in support of Doctor and Congressman Ron Paul's Campaign to be President of these United States of America be blessed with supernatural productivity and success
May our efforts in support of Ron Paul's Campaign For Liberty be blessed with supernatural productivity and success!
Economics Nerds
Watching the economics nerds debating is really funny and sad at the same time. You get the sense that Ron Paul wants to get at the heart of the matter: that Bernanke can't do much to fix the economy because he is restrained to a bad policy. Bernanke obviously is in a bind: the guy definitely/visibly "get's it" but in his official capacity he's bound to a narrative.
Nobody wants to be the nerd who gets pegged as head of the fed when we have an economic downturn. at this point the guy can't say "i'm going to take a dump" without causing the entire market to collapse.
Yea!
And the good Dr. even acknowledged that...basically telling Bernanke that most of the current mess was due to excesses over the last 10-15 years...hmmm. I wonder who....
Nevermind.
Plus, what made that particular confrontation so interesting is that Bernanke was seen slightly nodding his head up-and-down when the camera panned to him as Ron was saying it.
I hope that more public officials will have the courage to come forward and admit what's going on.
Chuck Schumer and Ben Bernanke
Did anyone else notice the figure that BernANKe (I call him "the BANK") threw out when Sen. Schumer pressed him on how much to raise the dollar amount that could be used by GSEs (government sponsored enterprises - Fannie Mae, Freddie Mac) to buy up jumbo mortgage loans?
The BANK didn't want to answer it, but finally threw out the figure of $1 MILLION.
What is the current figure?
$417,000.
Old article from Mid-October, but fleshes it out in a little more detail while still remaining concise.
http://www.marketwatch.com/news/story/conforming-mortgage-limit-wont-fall/story.aspx?guid={0581D6CE-6F5A-48A5-81B7-5E41287B63DC}&siteid=rss
"WASHINGTON (MarketWatch) -- The dollar amount of loans eligible for purchase by government-sponsored enterprises Fannie Mae and Freddie Mac won't go below the current level of $417,000 in 2008, the companies' regulator said Tuesday. THE LIMIT WON'T FALL EVEN IF HOME PRICES FALL. Some members of Congress are trying to enact an increase in that amount, known as the conforming loan limit, IN AN EFFORT TO PROP UP the sagging U.S. housing market. The White House is calling for reforms for the companies before raising the limit, however. Shares of Fannie Mae were recently off 1.1% to $64.19, while Freddie Mac's shares dropped 1.7% to $58.01."
Folks, this means that the government is intervening in the so-called housing "market" and is preventing the FREE MARKET and laissez-faire from working properly. It is this kind of intervention that has contributed to the bubble in the first place. The larger a bubble gets, the bigger its POP!
YEEEHAAAA!!! Bump this
YEEEHAAAA!!! Bump this bugger up!! keep it up for the whole world to see!!!
i love the line "the whole economy is subprime"...
i screamed out with glee on that one.
yeeeehaaaa!!! owned his asss!!
Here's the link
http://www.youtube.com/watch?v=yAwvlDJgJbM
Must see TV!!! :)
More comments
Goto "Berneke on demand on the Right"
http://www.cnbc.com/id/21688194#
I heard
I heard that afterwards the trading floor was cheering for Paul, anyone have a video of that too?
I PRAY TO SEE IT
Cheering on the trading floor would be a great edit for a new video of RP after he nails Ben. Okay people....next hunt?? Find the cheers for RP on the Trading floor! Who will find it first?
Answer the question!!
Ron Paul has them on the run...Berneke sounded like a 12 yr old going through puberty. I was waiting for him to make a break for the door!
Mike
Ron Paul is my HERO!!!
Mike
"Fire Team for Freedom"
visit www.mikeandjake.com
Linkage!
Enjoy.
http://www.youtube.com/watch?v=yAwvlDJgJbM
If you've the CPAN Video
Ron Paul begins at 1:19 and about 25 seconds into the 2 hour 6 minute video.
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"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
thanks you are awesome!
thanks
A picture speaks 1,000 words
The picture of Bernenke on cspan.com looks like he's about to burst into tears. His eyes are pink and looks like they are watering up.
I can't get to see the video, but from the verbal description and that photo, it speaks a lot.
I found it!!
Watch BEN at the end??
http://www.youtube.com/watch?v=yAwvlDJgJbM&eurl=www.ronpauln...
at 5:55
He looks like he's about to break out in tears at 5:55, not able to give a rebuttle
Thanks for the video...
who was it laughing at the end of the video and what did the person say - I know he was talking about anxiety - but what was the rest of the sentence? LOL - Tension in the room when everyone realized RP is right!
Thanks again. You guys are awesome for helping us see all these video's!
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Yep, nervous
Yep, Bernanke looked like he knew he was pwned. He was probably thinking, "I hope not too many people will see this or care."
Thanks...you're the best!
Thanks man...I LOVE these Ron Paul vs. Bernanke sessions.
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Who is John Galt? Vote ███ ███ 2012!
No Problem
Just to see our man speak the truth and see the look on good old Bens Face is priceless!! Ben understands....as soon as he gets questioned by Ron Paul...he can not debate him PERIOD!!
CSPAN site is locked up
there must be ALOT of people trying to view right now!
Yeah...
that is why I wanted a direct link...cannot get the video link to open.
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Who is John Galt? Vote ███ ███ 2012!
Direct youtube link
Here's the youtube link:
http://www.youtube.com/watch?v=yAwvlDJgJbM
I'm dying to see this...
I always love it when Ron Paul corners Bernanke....LOVE IT!
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Who is John Galt? Vote ███ ███ 2012!
takeaction - edit your post.
Add in your post that the video is available on CSPAN's website. It requires Realplayer or Windows Media Player.
"The United States can pay any debt it has because we can always print money to do that." — Alan Greenspan
DONE!!
Link added to post...Thanks
Link?
Linkage please :D
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Who is John Galt? Vote ███ ███ 2012!
It's on the Cspan front page
www.cspan.org
"The United States can pay any debt it has because we can always print money to do that." — Alan Greenspan
bump i want to see this!
bump
i want to see this!
Bernanke sounded worried
His voice was breaking up and he was pausing and that was answering the easier 'non Ron' questions. It's not good people. Notice how gold ran up about 44% in the Oct '05 to May '06 run and I think it's up about 28% in its latest run. And watch it move up 50 bucks an ounce when the headlines say "GOLD AT ALL TIME HIGH". ouch!