U.S. Constitution
See other U.S. Constitution Articles
Title: Ron Paul Confronts Bernanke: “Do You Buy Your Own Groceries?” (pulls Silver Eagle)
Source:
Infowars
URL Source: http://www.infowars.com/ron-paul-co ... do-you-buy-your-own-groceries/
Published: Feb 29, 2012
Author: Steve Watson
Post Date: 2012-02-29 17:42:05 by Hondo68
Ping List: *The Two Parties ARE the Same* Subscribe to *The Two Parties ARE the Same*
Keywords: pulled out a silver eagle, retained its real worth, OZ silver 11gals gas
Views: 3450
Comments: 7
GOP presidential candidate Ron paul took a break from campaigning today and diverted his attention back to his role on the House Financial Services Committee with the semiannual visit of Federal Reserve chairman Ben Bernanke. In a scathing opening statement, Paul went on the offensive against the Fed: “What we are witnessing today is the end stages of a grand experiment,” Paul said, adding that the Fed’s control over the nation’s money supply has directly caused economic bubbles and all but destroyed the purchasing power of the dollar. Noting that the Fed will soon end because it is facilitating too much debt, the Congressman added “I’m anxiously waiting for this day… Reform has to come.” Turning his attention to Bernanke, Paul asked the Fed chairman whether he did his own grocery shopping. A somewhat bemused Bernanke replied in the affirmative, to which Paul hit back “OK. So you’re aware of the prices,” before commenting on government denial of real levels of inflation. “This argument of prices going up two percent, nobody believes it.” Paul said. “The old CPI says prices are going up at nine percent.” “People on fixed incomes, they are really hurting. The middle class is really hurting. Because their inflation rate is very much higher than the government tries to tell them, and that’s why they lose trust in government.” “You say inflation is about 2%, I say 9%, let’s just call it 5%,” Paul told Bernanke. “That inflation is taking money away from the people….Someone is stealing wealth and this is very upsetting” The Congressman then pulled out a silver eagle, explaining that it has retained it’s real worth and that hard assets should be used as currency as outlined in the Constitution. Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons. “That’s preservation of value,” said Paul. Paul called for a competing currency to the dollar, stating that the laws should be changed to allow precious metals to settle contract disputes and other legal obligations. Bernanke addressed Paul by jokingly saying “good to see you again, Congressman”, before somewhat derisively saying he would be happy to consider the Congressman’s ideas and help him work out what currencies to hold. Paul hit back by saying the government goes after those who attempt to use gold and silver as alternatives to depreciating Federal Reserve notes as if they are criminals, telling Bernanke “the record of what you’ve done is destroy the currency,” Watch the video below:
Poster Comment: Surprised that Helicopter Ben didn't turn into a pillar of salt, when he saw that silver eagle.
Tense stand off as Congressman notes Fed is destroying dollar purchasing power
Subscribe to *The Two Parties ARE the Same*
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: hondo68 (#0)
I think he was lying his ass off when he said he bought his own groceries. Paul should have asked him for some details of where he usually goes, like the name of a store. Probably could have caught him flat-out in perjury right there and then. Not that it's a particularly significant issue but it would bring the lying nature of Bernanke out into the open for even the most clueless to see.
Good zinger Ron Paul.
Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons. “That’s preservation of value,” said Paul. This is the core of REASON about what is all wrong in America. And few people seem to want to vote for Ron Paul because he represents a "radical." It is strange. It is bizarre. It is the reason of what is all wrong. America is lost.
Yet Paul wants to put all the power into the hands of collectives called corporations.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
I bought my first one ounce silver ingot in the early seventies for $1.65. Gas had just hit 50 cents a gallon.
Almost every country in the Middle East is awash in oil, and we have to side with the one that has nothing but joos. Goddamn, that was good thinkin'. Esso posted on 2012-01-13 7:37:56 ET
Lie.
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
That's ALL they have... If they had to face the truth, they'd also have to face the fact that they're SHEEPLE, being sent to the slaughter. It's ok, though... Whenever she feels the need for a little boost in her attitude, she'll get her latest copy of her favorite magazine, have a cookie, and feel right as rain. To: mcToejam, rat-boy, drippy, Alzheimer Fred, whitesands, t-bird, loonymom/ming, e-type jackoff, goober56, wreck, cal-CON, rabid dog, dummy DwarF, biff, harrowup the communist, and meguro. You're on the "a waste of human flesh" list. Brian S[ocialist], you're a propagandist moron. ALL of you can piss off.
#2. To: hondo68 (#0)
Telling Bernanke that in 2006, when he took over at the Fed, an ounce of silver bought about 4 gallons of gas, where as today it will buy 11 gallons. “That’s preservation of value,” said Paul.
#3. To: hondo68 (#0)
The Congressman then pulled out a silver eagle, explaining that it has retained it’s real worth and that hard assets should be used as currency as outlined in the Constitution.
#4. To: buckeroo (#3)
This is the core of REASON about what is all wrong in America. And few people seem to want to vote for Ron Paul because he represents a "radical." It is strange. It is bizarre. It is the reason of what is all wrong. America is lost.
#5. To: Fred Mertz (#2)
Good zinger Ron Paul.
#6. To: mininggold, buckeroo, *Ron Paul for President* (#4)
Paul wants to put all the power into the hands of collectives called corporations.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#7. To: hondo68 (#6)
Lie.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]