Bernanke vs. Ron Paul – Live - Wed July 16, 10AM EDT
Posted July 16th, 2008 by Michael Nystrom
output
Federal Reserve Chairman Ben Bernanke continues with his semi-annual testimony before Congress Wednesday morning. Bernanke will face Dr. Paul and the Congressional Committee on Financial Services on Wednesday July 16 at 10:00 a.m. EDT. Be sure to tune in on CNBC, Bloomberg, or CSPAN. To watch online, tune into CSPAN.org.
It was six and a half years ago that I first saw Ron Paul, live on CNBC, during Greenspan’s February 2002 Monetary Policy Report to Congress. Dr. Paul began by comparing the US financial system to Enron! I simply could not believe my ears. Here is an excerpt of the exchange:
Ron Paul to Greenspan (2/27/2002): In many ways I feel that the system you have been asked to manage is similar to being asked to manage an Enron system, because Congress is notoriously in favor of deficit spending. We are currently expanding the national debt at $250 billion per year, and we have nearly a $6 trillion debt. Now we create that debt by buying votes. We spend a lot of money....
Truer words were never spoken. I realized immediately that Dr. Paul was a bona fide hero for going head to head with the then near god-like figure of Greenspan. I was so impressed that I transcribed the whole exchange from CSPAN's video system later that evening (there was no YouTube back then, kids). The complete transcript of that exchange remains, for posterity’s sake on my super old blog, Depression2.tv.
Some things have changed in those 6-1/2 years, and some have not. Greenspan is gone from the scene and mostly disgraced, but Ron Paul is still here and more respected than ever. The national debt has grown by over 50%, and is now closer to $9.5 trillion! And as recent events indicate, we're that much closer to a systemic financial crisis.
When I think of how I randomly heard Dr. Paul that morning on live TV, I can’t help but wonder how many new supporters he'll pick tomorrow, and how far that influence will extend. Be sure to tune in, and let your friends know.
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Who was the man
Who was the man who was nailing Ben to the wall with questioning?
When Ben would start talking in circles and blowing smoke, this guy would cut him off and say "No! It was a simple change, why did it take so long to make it happen?!" .. Ultimately Ben blew enough smoke to eat up the time and they wouldn't let the guy ask anymore questions.
Anyone know who it was?
I'm Surprised
I'm surprised that Bernanke has been agreeing with part of what Ron Paul says.
The probable explanation though is that Bernanke knows better than anyone that the economy is in trouble and since he only took over a couple of years ago, if he begins agreeing with Ron Paul, then what he can do is shift most the blame to his predecessors.
He's a sly guy.
CFL comes first!
4 words
google campaign for liberty
This is a Revolution!
The Victory Can Arrive Within Weeks!
http://www.flickr.com/pho...
I am generally not a violent person
but when Bernanke looks at RP with that smug "look", I just want to slap him repeatedly about the head and shoulders.
*****************
"My role in the revolution is to wake up the lemmings of this country, who sit back and accept the pablum the media feeds them"
Jesse Ventura
Ventura/Paul 2008
When Bernanke looks at the American Citizens
He probably will get SLAPPED around on numerous upcoming and many occasions while defrauding the American Citizens. Bernanke is a FED SHILL. We The People KNOW this and HE will be accountable. Good Luck Ben...YOU are going to need it. Apparently Americans so far will tolerate losing their Freedoms and civil liberties....But if you MESS with their Money? They WILL HURT YOU! LOL!
Look, put yourself in his
Look, put yourself in his place. How else is he going to respond if his livelihood and judgment are questioned. Would he simply quit his job and suggest that the Fed be shut down? Get some perspective.
Dismantling of the Fed would be much, much, MUCH larger than the man heading the organization. I don't take anything Bernanke says personally. In fact, I actually feel for the guy sometimes. He is in a thankless job and he has no clue how to do it.
Bernanke does not yet realize that our world is actually controlled by perception and feelings (for the most part), rather than balance sheets. One leads the other. When people feel good, they spend more and feel confident to invest and create. This is how Milton Friedman was able to survive his post for as many years as he did, by providing cryptic messages that could be read as both positive AND negative, depending on what you brought to the process. Friedman was basically what we used to call a mystic who would read the tea leaves and confuse the tribe into believing that he knew what he was talking about, thus ensuring his survival.
It really is all a magic act.
So now you're an apologist for Bernanke?
Get some perspective?
I think you are the one that needs perspective.
And yes,if Bernanke had any substance,he would say " you know what RP ,you're right. We need to get rid of this private banking cartel that is not accountable to anyone. We need to get away from this fiat currency that is breaking the backs of the working class.I need to go find a job somewhere else. What can I do,to be part of the solution?"
If you had any substance,you would not be defending Bilderberg Ben Bernanke.
But after your idiotic BBC 9/11 post,why would I expect anything less.
*****************
"My role in the revolution is to wake up the lemmings of this country, who sit back and accept the pablum the media feeds them"
Jesse Ventura
Ventura/Paul 2008
You clearly do not
You clearly do not understand human nature, nor do you really understand how the world works. This goes a long way toward explaining your blissful life.
Interestingly, you would never admit to posting thick-headed statements on 9/11, whereas if compelling EVIDENCE (not hearsay, conjecture and wild-ass theories) is ever presented to counter the current understanding of that day's events, I'd gladly change my argument. No one has, and I don't foresee anything other than henhouse paranoia continuing to feed your arguments.
Your apologist post for Bernanke clearly shows you have
absolutely no sense.
I would never put myself in Bilderberg Bens' shoes as he is a criminal conspirator for the illegal unconstitutional Federal Reserve.
That fact that you would sympathize with this creep,shows you are in the same league.
As far as 9/11 is concerned,my statements are on record here as well as yours. I will let the readers decide who is delusional.
As a reader I decided
That for people to call names because someone doesn't agree with them 100%, is very immature and of absolutely no help to the cause. Not only that, but what "League" does that put you in? Dare I say MSM Political Pundit League of Amerika?
I get where you're coming
I get where you're coming from with how you feel about Bernanke, but you do need to understand a bit more about human nature. Everyone does what they do because they think it's the right thing to do, not because they feel like being evil. I'm sure Bernanke feels perfectly justified in his actions, although that obviously involves a huge element of denial, but we've all been there and done that at some point.
I'm firmly on the truther side of the 911 debate, and I have good friends who I've talked to about it, some of them checked out what I was tellling them and they're clever people who I respect, but about half weren't turned to my POV, despite the vast amounts of evidence available. I'm not sure why but I found myself getting quite angry with them, which is definitely counter-effective.
I guess that's the point of my post to you, is just to say stay polite and deal with facts only, don't get personal with people 'cos that doesn't work, so I hope you don't mind this bit of advice.
There's a huge debate going on in the Guardian today, about 1700 comments last time I looked, and the truthers have won hands down, due to some hard work by a few dedicated posters who have kept polite and dealt with facts only, and completely shown up the shills who have mostly had to resort to personal attacks.
On a similar note, Ron Paul is trying to educate people, so if he was less courteous to Bernanke it would inevitably mean that many typical American conservatives being exposed to Ron Paul for the first time would disregard his message without listening to it.
I guess Ron might call that
I guess Ron might call that entire string of invective, "an interesting point of view".
Also, I'd be very interested to learn what it is that you do for a living. What your religious viewpoints are, how much you have saved for retirement, the names and ages of your children, which clubs, leagues, and local baseball teams you support and your shoe size.
Heck, you know everything better than anyone else, so we might as well learn from the best.
Ron Paul's opening statement and Q&A with Bernanke
http://youtube.com/watch?...
"nationalization"
What a pretty word for socialism. That other Congressman from Texas was really good.
He made the observation that we privatize profits and socialize losses. This national corporate-socialism has to stop.
----
The Antidote to neoCon Koolaid: www.dvds4delegates.com
"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008
HERE IS THE LINK
Here is the link.
Digg it up:
http://digg.com/business_...
easy correlation....
If you didn't ask so many obvious questions, we wouldn't be subject to your endless self-spamming.
Somebody woke up on the
Somebody woke up on the wrong side of the bed.
GO BACK TO SLEEP, everything is under control
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
You can watch it on Fox business channel
if you can stand turning on Fox, however,they did break in a give Dr. Paul kudos for tough questions and getting Bernanke to agree that inflation was a tax.
Why do all these people
Why do all these people thank Bernanke, for if he did not exits there would be no problems!
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
Utube link?
I was watching CNBC and all they did was show Ron Paul's picture talking right before they went to commercial. Later they showed Barney telling Bernanke that it was Greenspan's fault for the subprime mess. Does anyone have the utube link for Dr Paul's questioning of Bernanke??
is he done?
so did paul get his 5 minutes or not? I totally missed it.
I don't Know
if we are in a recession?
BOA and Wachovia Specifically Mentioned
Bernacke was asked for the threshold at which a bank is "too big to fail" and he danced about and gave no threshold. If FDIC has about 56b and spent 8b or so with IndyMac......the threshold is........
shoot
I missed the first half hour... Did I miss anything?
http://en.wikipedia.org/wiki/
http://en.wikipedia.org/wiki/Nydia_Velázquez this is the lady that was just talking i think?
MY YOUTUBE http://www.youtube.com/us...
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http://en.wikipedia.org/wiki/
http://en.wikipedia.org/wiki/Nydia_Velázquez
HAHA when the market comes
HAHA when the market comes back......... what under the Amero?
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
I'm so pissed right now. I
I'm so pissed right now. I click on CNBC and Ron Paul starts talking and all of the sudden they start pushing him into a little box on the right side of the screen and running stats on the other side, then that stupid whore just cuts him off. They know Ron Paul is a threat and so they do every subtle thing they can to stop or silence him. To bad for them though, because they're already finished.
Yep I was getting more
Yep I was getting more education from Ron Paul and the friggin morons go to that bald headed moron liesmen who is supposidly a economice guru who doesn't know a thing about economics! what a joke these people are. I was fit to be tied!
as for me and my home, we shall worship the LORD
That guy is making his
That guy is making his squirm pretty good
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
Biggest Taxer
Is that a new admission by the Fed? - Our hearts go out to Ron Paul's district!---just imagine if he wasn't there in Congress! I noticed that another member mentioned Paul while he talked---he's having an effect even on his co-workers.
Musician/Assistant Meetup organizer. Hear my stuff: www.myspace.com/americanp...
I cant believe they just did
I cant believe they just did that... wow
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I'm paying a tax
Bernanke = biggest taxer
----
The Antidote to neoCon Koolaid: www.dvds4delegates.com
"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008
I HATE CNBC.
I HATE CNBC.
ahhhhhhhh that witch cut him
ahhhhhhhh that witch cut him offffffffffffffff
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
"You're the biggest taxer in the country!"
You don't see RP fawning over this crook. I love it! :-)
http://groups.yahoo.com/g...
Ron Paul now speaking!
CSPAN.org.
hjschaapman
RON PAUL IS A PIT BULL MY
RON PAUL IS A PIT BULL
MY YOUTUBE http://www.youtube.com/us...
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Here comes the Big Guy!
Give 'em hell Dr. Paul!
----
The Antidote to neoCon Koolaid: www.dvds4delegates.com
"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008
Who is that guy holding
Who is that guy holding Bernanke up like he is a god?
what a idiot.
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
what a joke
Now praise and accolades for Bernanke from the Congressman from Mass.? What a dunderhead.
----
The Antidote to neoCon Koolaid: www.dvds4delegates.com
"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008
ITS ON CNBC DANG WHY CANT WE
ITS ON CNBC DANG WHY CANT WE EVER GET IT STRAIT.
MY YOUTUBE http://www.youtube.com/us...
MY WEB SITE http://www.InfoSpill.com
Not important enough to be seen on CSPAN?
How has this been relegated to CSPAN-3?
What a bunch
of garbage! What a stupid question from Bachus "Do you think a comprehensive energy plan would help?" DUH!!!!!! These idiots have had years to do something about our energy problems, their only solution is government, government,government!
This is the Only Link that works for me (CSPAN RADIO)
http://www.c-span.org/Sch...
(then click listen to windows or realtime)
Musician/Assistant Meetup organizer. Hear my stuff: www.myspace.com/americanp...
Barney Frank is an idiot.
Is there really anything else to say?? I hope Ron Paul talks soon. I have a lot to do today!!
Helping to Restore the Republic.
It's on C-SPAN 3...
Ron Paul had a short opening statement, then Bernanke blathered for a while. Now it's time for questions, so RP should be coming back on soon....
http://groups.yahoo.com/g...
I have had CSPAN on since before
10am est, but haven't seen a thing you're describing. What's going on? How can there be so many different reports of what's on CSPAN???
?
Doesn't look like it has started yet? (I have to click "stand alone player" in order to make it work) ---share this link on your MySpace/Facebook bulletins Now!
Musician/Assistant Meetup organizer. Hear my stuff: www.myspace.com/americanp...
You can try this?
Go here first > http://cspan.org/ then click watch now.. ?