145 responses to “Ben Bernanke to Ron Paul: “I will resist any attempt to dictate monetary policy.””

  1. longshotlouie

    Economics for Kids!

    The “Stock Market” is like a very big grocery store where people buy things called stocks. While the Stock Market sometimes goes up (sells more for more money), it will eventually (before long) suffer a decline (sell less for less money). This cycle (back and forth) is normal.

    That’s why God made “bonds” (not James) and “precious metals” (gold and silver), so that prudent (smart) investors (rich people) could put money in different places, and take advantage (make money) from natural cycles (ups and downs) happening in different economic arenas (places).

    But the Federal Reserve (banks that secretly create money) decided at some point that cyclical stock downturns (regular fall down and go booms) should be a thing of the past, and that everyone should have as much money as they ever, ever wanted.

    So the Federal Reserve began to give money to anyone who wanted it (or asked nicely), and started to watch the Stock Market very closely. If the Stock Markets became sad (went down), the Federal Reserve just made up more money, and gave it away, or sold it very cheaply. The Federal Reserve calls this “Lowering Interest Rates” but smart people who study the way we use money (Economists) call this “inflation”.

    After 10 years of giving away free money so that the stock market is always happy, the opposite happened. The stock market is now very sad. This is because our money has “devalued” (become worthless), because the Federal Reserve gave too much away. It is like when you eat too much candy, and it makes all your teeth so rotten, they all fall out!

    Now the Stock Market is going to go way down anyway (fall down and go big boom), and our money won’t be worth anything. Why is this bad? Remember those teeth that fell out when you ate too much candy? The Dentist who used to fix your teeth for $2000.00 will now cost $75,000.00.

    The End

    G’Night, Johnboy

    »crosslinked«

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  2. Sneakvite

    I agree with your intelligent comment Ms. Weston. The information summary about the Fed that was released by the Fed is the law passed by Congress detailing the structure of the Federal Reserve,defining its function as a GOVERNMENT ENTITY [not as a private entity that the ignorants continuously harp on], ITS MAIN RESPONSIBILITY AND GOALS AS THE NATION’S CENTRAL BANK, and HOW THE FED OPERATES TO ACHIEVE THE PURPOSE FOR ITS CREATION BY CONGRESS. The less informed and misinformed as you read them in many of the foregoing comments, thought that the summarized info about the Fed [this is a thick volume that needs to be summarized]that was published by the Fed [you may catch them in the Internet] is a PROPAGANDA released by “thieves” in the Fed [by the way, who are those dirty rats in the first place?]not only to deceive the people but to cover their track of “robbery” and “stealing”, as how wild and politically rabid accusations spread and polute the air dangerously worse than this outbreak of flu epidemic of chicken and swines all over the country. Hard to blame those who know nothing of what they are talking about.
    Just because Ron Paul says so, roughnecks do not only want to abolish the Fed but also taxes, especially the income tax and credit. Obviously, they have a grotesque idea why nations need taxes. The roads they drive on — superhighways and freeways — the modern skylines of Los Angeles and New York [superstructures of buildings, etc.] the physical and social infractures that this wealthiest and mightiest nation on the planet have, are actually taxes and credits [by Jove!! didn't they know?(!)]
    Anyway, what a waste of time to explain what we now have — what this nation now have — to brains that they do not have.

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    1. Tom Casline

      Sneak I urge you to read the Grace Commission Report, which was commissioned by President Reagan to identify and suggest remedies for waste and abuse in the federal government. I quote”

      Resistance to additional income taxes would be even more widespread if people were aware that:

      -One-third of all their taxes is consumed by waste and inefficiency in the Federal Government as we identified in our survey.
      -Another one-third of all their taxes escapes collection from others as the underground economy blossoms in direct proportion to tax increases and places even more pressure on law abiding taxpayers, promoting still more underground economy-a vicious cycle that must be broken.
      -With two-thirds of everyone’s personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.”

      All our income taxes pay is the interest on our national debt, the interest we receive from borrowing our money (on all levels) from the FED. Furthermore, according to Ron Paul himself, the money from taxes we collect today, from all other sources besides individual income, is enough to power out country as it was in the early-90s. Now imagine if we had that money, plus most all Americans weren’t paying 40%+ of their income every year. That sounds like a good road to economic recovery to me.

      Besides all that, the income tax is a direct unapportioned tax, which is forbidden by our constitution.

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      1. Amy Sutton

        I first learned of the Grace Commission in college when we used it in an English class in college. I would LOVE to read it again, but cannot seem to find it. Do you know where it is available?

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  3. Virginia Weston

    After reading the run-in for the questioning of Mr. Bernanke it was expected that there would be foul ups on the Fed Chairman’s parts, vaguery, “token” willingness to concede anything & tense moments between he and Mr. Paul. What I saw, however, was a smug Mr. Paul, a calm Mr. Bernanke, no tension and a much more than token willingness to be transparent on the part of the Fed Chairman. In theory I lean toward Ron Paul on nearly every issue, but this video showed him preening his viewpoints in a nearly arrogant fashion and not “pinning” anything on Mr. Bernanke that would cause anyone unfamiliar to think there was anything wrong with the Fed. The final shot reeked and did not show Mr. Paul in a good light. If “we” the people are going to get anything done we must not be arrogant, smug, ignorant, vague or more concerned with looking good than staying to the task. When one stoops down to exalt his viewpoint his glasses fall of and he can’t see where he’s going. Mr. Paul’s attitude was more offensive than the actions of Mr. Bernanke.

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    1. Brandulph

      “I will resist any attempt to dictate monetary policy.”… how does that fit in with, “… arrogant, smug, ignorant, vague or more concerned with looking good than staying to the task.”?

      How about turning your attention to the matter on hand? Transparency of the Fed activities that is. Who you find most attractive of the two, is nothing but a mere digression ma’am.

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      1. Virginia

        Forgive me if I was unclear. What concerned me was the variance between the way the discussion was described on the web-site and the way the video actually showed it. There is no difference of opinion on there being many things manipulated “behind the curtain.” There are also many people making much noise about how to “fix” things. It will take many of us making much noise and taking action to make any effective change. However, before aligning with someone as a frontrunner I want more than agreement on a point or two, I want integrity, constancy and character. The disparity between the hype and the reality, the need for exaggeration causes me to question if Mr. Paul is the right person with which to become aligned. Agreement or no, I will not give my voice to someone I cannot trust.
        I actually found neither man to be “attractive” in their attitude.

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      2. Matt

        Couldn’t the title also have been “Ben Bernanke to Ron Paul: ‘we want to be open, we want you to understand that we’re taking every precaution to protect the taxpayer.'”?

        One question I keep trying to get an answer to regarding this bill: What kind of an audit is Mr. Paul actually asking for? What kind of an audit will suffice to meet his requirements for ‘successfully’ audited? Who will perform the auditing?

        What is Mr. Paul looking for (please don’t parrot ‘dissolve the fed’ that is not the title of this bill) with this piece of legislation? Does anyone really know if we are auditing whether or not they have fancy dinners or collateral management? If it is policy, how do you audit that? Are we auditing the alleged connections between “the Rothschilds and the consipracy that is a Central Bank”?

        I, too, am intrigued but I cannot align myself with something that smacks of vagueness and is supported by a lot (not all certainly, mind you) of hyperbole.

        I don’t need rhetoric, I just need details.

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        1. Nate Y

          Okay, you’ver read the bill correct. It mainly concerns itself with Section 714 of title 31, United States Code. Here is the part to be amended (as explicitly stated in the bill)…

          (b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing. Audits of the Federal Reserve Board and Federal reserve banks may not include—
          (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
          (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
          (3) transactions made under the direction of the Federal Open Market Committee; or
          (4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

          Read the bill again. Apply what it says and watch your (irrlevant and trivial questions/concerns) disappear. The bill would allow the Comptroller General to audit what is currently not allowed to be audited under Section 714 title 31.

          I don’t see what is so hard to understand about this. It appears you are merely confusing and distracting yourself.

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          1. longshotlouie

            Matt appears to be our resident straw man riding a red herring, in circles.

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          2. Matt

            So you are saying in the audit as conducted under regulations by the Comptroller General will, if there is anything nefarious, be unearthed. As thus, if this bill passes and nothing is found, the conspiracy-mongering will cease?

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          3. Nate Y

            Probably not. But how am I supposed to know how the conspiracy theorists would react? I barely know my own mind. How am I supposed to know the minds of others?

            But this is just another distraction and entirely irrelevant.

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  4. Sneakvite

    Out of my ignorance, I read a down-to-earth summary publication of what the Fed is all about. It was published by the Fed so that ignorants like myself should not fume mad like rabid dogs in attacking the Fed. The first discovery that struck me is that the Fed is the Federal Government and private banks functioning as a single government entity. It does not function as a private bank as the ignorants believe, but as a central bank of the government. Now I know what a central bank is that all civilized nations have because I have a degree in economics. When the Fed formulates monetary policies, those from the government sitting down with their private bank counterparts are the Excutive Department acting through the President of the United States, and Congress that lays down the criteria for the Fed to follow. The make up the Board of Governors. This crazy talk about J.P. Morgan, Rockefellers and Rothchilds robbing the people of their hard money does not happen and cannot happen in the Fed is structured. The thief would be the Executive Department and Congress, not just the counterpart private banks. Such nonsense insults the intelligence of average Americans. When rabid dogs barks their protest, we know that they cannot
    think straight. The issue here is like the swine flu pandemic,the spread of ignorance that contaminates. Kalantiaw.

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    1. Tom Casline

      Only quote out of that I need. “It was published by the Fed”. I think they may have a agenda in their publications, agree?

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    2. Brandulph

      - It is indeed interesting, “sneaky”, that you signed off with “Kalantiaw”. Interesting for the very reason that “Datu Kalantiaw” was the greatest hoax ever done by Jose E. Marco. In fact it is still a truth among many people! Incredible.
      Interesting for the very reason that the Federal Reserve Bank is also a giant hoax. It is the biggest hoax ever designed by the Rothschild clan, and carried out by their paisanos. AND!, “sneaky”, you are a living proof of how well their scam still works. Also incredible! (However… LOL… it might have something to do with your “degree in economics”? LOL!)

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  5. Ian Repley

    Bernanke provided some affirmative response. So, work on it. Submit your requests to him, and get it going.

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    1. Virginia Weston

      Agreed. Move on what we can get now and keep pushing forward.

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  6. Eric

    End private central banks, they never work, imprison bernanke that crook and restore the monetary system to the people.

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  7. Wolfman

    WHEN ABRAHAM LINCOLN CHASED THE CENTRAL BANK BACK TO EUROPE IT COST HIM HIS LIFE. THE CONNECTIONS BETWEEN THE ROTHCHILDS AND THE ASSASINS ARE ABSOLUTE. THEY TRIED TO WHACK ANDREW JACKSON TWICE FOR CHASING THEM OUT. THEY FED’S DUMBEST AND MOST FOLLOW THE RULES AS ORDERED EMPLOYEE MR.GEORGE BUCKFUSH SHOULD BE ARRESTED FOR TREASON AGAINST THIS COUNTRY AND IT’S FINANCIAL INDUSTRY. VERY FEW PEOPLE KNOW THAT FIVE DAYS BEFORE 9/11 GEORGE SIGNED THE P4P AGREEMENT WITH CANADA , MEXICO AND THE UNITED STATES. IN THIS HIDEOUS PIECE OF BUSH LEGISLATION HE APPROPRIATED $400 BILLION DOLLARS TO PLACE FIVE MILLION MEXICAN IMMIGRANTS IN HOMES BY 2010.
    HE ALSO CHANGED ALL THE LENDING RULES FOR ALL BANKS , MORTGAGE COMPANIES, FANNIE MAY , FREDDIE MAC AND WALL STREET.ALL REGULATIONS WERE REMOVED. THAT ENTITLED THESE CROOKED FREAKS TO ACCOMPLISH THEIR GOAL BY CREATING UNINSURED CREDIT SWAPS TO BRING ABOUT A GLOBAL FINANCIAL MELTDOWN. ON BRASSCHECK TV THERE IS A VIDEO BY A GENTLEMAN FROM ARGENTINA NAMED SALDUCHI (I THINK THATS CORRECT) WATCH IT AND HEAR WHAT HE SAYS THE FED DID TO ARGENTINA A COUNTRY IN THE 1900’s WAS ONE OF THE MOST PROSPEROUS COUNTRIES ON THE PLANET. TODAY THE MONEY IS WORTHLESS, PEOPLE ARE STARVING AND THEY OWE THE FED FOUN HUNDRED BILLION DOLLARS. AFTER JOHN D. ROCKEFELLER AND J.P. MORGAN GOT THROUGH CREATING THE FED IN 1913 THROUGH INTIMIDATION , BRIBERY , BLACKMAIL AND MURDER EIGHT MONTHS LATER THESE SAME TWO TRAITORS TO THIS COUNTRY CREATED THE IRS THE EXACT SAME WAY. AS THEIR KNEE BREAKER PARTNERS THEY ENLISTED OUR OWN FEDERAL GOVERNMENT AS THEIR ENFORCERS. AS DR. PAUL SAYS, THE FIRST TO GO MUST BE THE FED AND THE IRS. THIS COUNTRY WAS FOUNDED TO GET AWAY FROM TAXATION WITHOUT REPRESENTATION AND THEY FORMED THE IRS WHICH GIVES ABSOLUTELY NO SAY SO ABOUT THESE HIDEOUS TAXES. TO THE FED “MONEY IS DEBT AND DEBT IS MONEY” AND AS I SAID, AS LONG AS THEY OWN THE MORTGAGE ON THE PLANET THEY HAVE US BY THE SHORT HAIR.REMEMBER, THE IRS, THE FED,SKULL AND BONES, FREEMASONS, KNIGHTS OF COLUMBUS AND THE RHODES SCHOLAR SOCIETY ARE SECRET SOCIETIES AND THEY ANSWER TO NO ONE EXCEPT THE ROCKEFELLERS AND ROTHCHILDS!!!!!!
    WOLFMAN

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    1. Brandulph

      You are hitting it dead on again, Wolfman! However, in this connection, I would also like to draw attention to the following:

      On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve.

      Then follows his famous words in a speech made to Columbia University on Nov. 12, 1963: “The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizens of this plight.”
      Hmmm?… Those words, Wolfman, he spoke ten days before his assassination!

      Dr. Ron Paul is indeed a most courageous man…

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      1. Virginia

        Brandulph,
        You speak as one well advised. Do you have any recommendation for reading material. Even some of Mr. Paul’s supporters seem to have different takes on some of the basics of the Fed.
        I would like to become more knowledgeable and would appreciate any assistance you might offer.

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        1. Brandulph

          Virginia,
          – Well, the net offers it all, but the writings by Eustace Mullins and G Edward Griffin are a must I think. (“The Secrets Of The Federal Reserve” and “The Creature From Jekyll Island” are both available on the net).
          – My interest in the matter started when I found the following on the net in early 2002. http://3.bp.blogspot.com/_2u3vLm8H0ag/ScOihJPB4gI/AAAAAAAAADY/fnSv8284H3g/s1600-h/ecb_p1.JPG. My notes on the document tell their own tale.:-)
          – There are numerous fine videos available as well. Try e.g. http://www.youtube.com/watch?v=I0WuQ5-t3xM&NR=1.

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      2. longryder

        Great observation Mr B..Let me ask a ccouple of q’s regarding..That awful day in Dallas and Pres. order # 11110…
        It is my understanding that JFK had indeed written it in like mid June’63..had actually already had printed something like $45 Billion in Silver Certificates ready to be launched as soon as Kennedys second term was underway…Does anyone here remember when like out of the blue , this Presidential oorder was “discovered” a few short years ago, right?..I mean I try to keep plugged into the assassination and anythingnew and I fo not remember ever hearing about this bombshell until, as I said, it’s resurfacing within the last few years..If anyone has more concrete knowledge about it..please tell us all…I wrote a BLOG about JFK’s murder just a couple of months ago. I believe that his murder has been solved. I also believe that the shooter who fired the fatal shot at the Grassy Knoll area..is very much alive and in prison in the mid-west on an unrelated murder attempt… I say this with trepidation and dread knowing that most will think me a loon for even broaching the subject of JFK and a conspiracy that I believe has a lot to do with what we see happening to our Republic here and now..If anyone is interested in checking it out , I have SOME WEB ADDRESSES FOR YOU TO REVIEW AND COME TO YOUR OWN CONCLUSIONS..My BLOG was entitled..”All roads lead out of Dallas”..including the road we are traveling on right now..Nothing will chamge those roads until ot unless we solve this sgameful and largely ignored crime of the Century back in ’63..Your thoughts and opinions are coveted

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  8. Sneakvite

    Mr. Bernanke – it is not your job to educate Ron Paul what the Federal Reserve is all about. No matter what you say to him, it is not only that he will not understand it but because he cannot understand it, especially the intricate workings of the applied principles of economics as we learned them in school to get a doctorate.
    This ignorance is suffocating: Liquidity was doubled in a few short months and there is a lot of inflation out there, he says, as if inflation is numerous and Paul counted them on his fingers and found out there was a lot! See this nonsense?
    There is no such thing as “double liquidity”. What the hell is he talking about …
    His limited mind on economics thinks that inflation is a distortion. Inflation is not an ogre that at the mere mention of it needs to be slain. We need inflation to expand the economy. It is run-away inflation – not inflation itself – that the Fed is on the look out. That’s where the damage comes from if not controlled. You should have tapped his head on this to share with him a little bit of your knowledge and expertise.
    You told him about controlling inflation – that’s a whole book in economics, buddy. You cannot throw the book on someone who cannot even talk sense in economics! He wants the GAO to audit economic policies. Audit policies like how GAO audit government expenditures … !? Where the hell did that come from.
    I suggest you just request him to read a book about the Federal Reserve. It’s monetary economics that you are very good at considering your Ph.D., and if Paul would have a hard time understanding what the Fed is about because he has no academic background in economics, would you please be kind enough to help him?
    If you help him, you will not only help him out of his misery but also would enlighten his angry followers that like Paul are throwing punches in the air trying to knockout the moon.

    Take it from SNEAK.

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    1. Peter

      And I suppose that you also suggest reading O.J. Simpson’s book titled “How I would Have Killed My Wife If I had Done It” as well? Hmmmmm.

      Let me get this straight. We Neanderthalls should calm down and take the time to read a book on the Federal Reserve? Written by whom? Please don’t say the same Federal Reserve.

      Gee, when a book is written by the same individual/individuals who have a vested interrest in covering their tracks (sic Mein Kampf/Hitler) “don’t ya think there just might be a tad bit of old fashioned bias-bullshit in there boyeeeeee?” I think I’d prefer to just wait and read “The Federal Reserve” yet to be written by the U.S. Congress after the first audit.

      “Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. — a deal that later triggered a government bailout of BofA — according to testimony by Kenneth Lewis, the bank’s chief executive.” – CoyoteBlog (do you feel comfortable with this,Sneakers?)

      “Fact: one can argue that the Enron situation is more honorable than the BofA situation. Enron management was trying to protect the value of Enron shareholders.In the case of BofA, the feds demanded that BofA management hide information in order to complete a transaction that BofA shareholders might rightly oppose.” – CoyoteBlog (former Enron Execs are sitting in jail,and yet,with your education,you actually believe that there is nothing wrong with this as well? no need for an audit right?)

      http://www.coyoteblog.com/coyote_blog/2009/04/double-standard.html

      But alas,common sense has no place in the mind of an Educated Self Proclaimed Genius such as Sneak. Why question? Why even dare to doubt him? A true sign of wisdom is one’s willingness to trust the motives and abilities of the intelligent,annointed ones.Like the afore mentioned Bernanke/Paulson.And now Tiny Tim Tax Cheat. Who are trying so hard to have patience with all of us pesky little low-mental tax payers.

      Wow! Golly Gee whillickers! Them damn yankee college boys have got their game on I tell ya! He He! Just look how they’re able to twist and force things any way they want for our own good! They persecute others while gittin away with the same thing! Holy Catfish!! But their doing it for us little ones. Cause they Luvvvvvv us!!

      Go ahead Sneakers. Keep thinking we’re a bunch of dumb hicks.If that’s what makes you feel more like a man in front of your Mom’s mirror.

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    2. longshotlouie

      Sneaky,

      Another Keynesian whore defending the indefensable.
      Go ahead and spout your Marxist economic theory and we’ll just hold up the P&L statement, and point at the bottom line.

      Your Ponzi scheme economics have driven this country into the ditch, AGAIN.

      Your unconstitutional economic policy is destroying the middle-class, and Keynesian whores like yourself continue to defend it because that was what you were taught in your state-sponsored institution of re-education.

      BTW, Dr. Ron Paul is well schooled in medicine, history, and economics. Bernanke could not touch him in any of these subjects.

      Let’s ask these academics, that all back his proposed policies;

      Jonathan Bean, Ph.D. – research fellow at Independent Institute*, professor of history, Southern Illinois University

      David Beito, Ph.D. – professor of history at University of Alabama

      Walter Block, Ph.D. – professor of economics at Loyola University* and fellow at the Mises Institute

      Nelson Borelli, M.D. – Department of Psychiatry and Behavioral Sciences,?Medical School, Northwestern University

      Samuel Bostaph, Ph.D. – Chairman, Department of Economics, University of Dallas

      Jack Chambless, Ph.D. – professor of economics at Valencia College

      Joe Michael Cobb, Ph.D. – retired professor of economics, Orange Coast College* and Saddleback College

      Casimir Dadak, Ph.D. – Associate Professor of Finance and Economics, Dept. of Business and Economics, Hollins University

      Thomas DiLorenzo, Ph.D. – Professor of Economics, Loyola College in Maryland; Senior Faculty Member, the Ludwig von Mises Institute

      Gary Galles, Ph.D. – professor of economics at Pepperdine University

      Keith Halderman – research assistant at Trebach Institute* and adjunct professor at American University

      Steve H. Hanke, Ph.D. – Professor of Applied Economics, The Johns Hopkins University and Journalist for Forbes Magazine

      David R. Henderson, Ph.D. – Hoover Institution* and professor of economics at the Naval Postgraduate School in Monterey, California

      Guido Hulsmann, Ph.D. – Senior Fellow, Ludwig Von Mises Institute

      Zagros Madjd-Sadjadi, Ph.D. – Assistant Professor of Economics, Department of Economics, Winston-Salem State University

      Mark LeBar, Ph.D. – Department of Philosophy, Ohio University

      William Marina, Ph.D. – Department of History, Florida Atlantic University

      Charles W. Nuckolls, Ph.D. – Department of Anthropology, Brigham Young University

      William H. Peterson, Ph.D. – Schlarbaum Laureate, Ludwig von Misis Institute

      Ivan Pongracic, Jr., Ph.D. – Department of Economics, Hillsdale College

      Arthur Robinson, Ph.D. – Founder, Robinson Curriculum; President of the Oregon Institute of Science and Medicine

      Joseph T. Salerno, Ph.D. – Graduate Program Chair, Department of Finance and Economics, Lubin School of Business, Pace University

      D. Eric Schansberg, Ph.D. – Department of Economics, Indiana University

      Ken Schoolland, M.S.F.S. – economics and political science, Hawaii Pacific University

      Larry J. Sechrest, Ph.D. – Professor of Economics, Sul Ross University

      Mark Thornton, Ph.D. – Author, Former Economic Advisor to the Governor of Alabama; Senior Fellow, Ludwig von Mises Institute

      Walter E. Williams, Ph.D. – professor of economics at George Mason University

      Thomas E. Woods, Jr., Ph.D. – author and resident historian at the Mises Institute

      James Yohe, Ph.D. – Gadsden State Community College

      When you are defending the indefensable, you are part of the problem.

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      1. Peter

        Way to go!! Oh the silence is deafening!

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    3. Marianne  to Sean

      Read Henry Hazlitt “Economics In One Lesson”. There are MANY
      other books on economics. Hayek “The Roal TO Serfdom” Griffin’s
      “Creature From Jekyl Island”. etc. At 78 years, retired history teacher and state committee of the Reform Party, the fact that you “swallow whole” the Federal Reserve publication
      is amazing especially with a degree in economics!

      Also consider that the policy is NOT made by the administration of ANY President but only implimented when dictated by the Fed which is THE INTELLECTUAL AND EXPERIENTIAL SUPERIOR — THEY SAY!

      Also consider the record since 1913. This was sold to the US as a way to control (manipulate) the money supply (M3 which has not even been reported for the past 3 years) so that we wouldn’t have the boom – bust cycles. 16 years later -1929- the market crashed. Why didn’t congress repeal the Fed then? Was Aldrich still in the Senate?

      The money has been loosened, prosperity AND prices rose, then the money men tightened down on credit, the market fell, the money men bought assets at VERY LOW PRICES. This happenned over and over since 1913 explaining why they (Money Men) end up with “all the marbles”. Read H.W.Brand’s “Tbe Money Men” – it’s about capitalism (really free market) vs a republic since
      our revolution.

      Also, PhD = Piled Higher and Deeper. fernhart@verizon.net

      Marianne

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  9. Meagan S.

    Bernanke says: “It’s the independence of monetary policy which is crucial to the maintenance of price stability and economic growth in this country.” Number one, they are doing a lousy job of it, if that is what they believe their mission is. However, they should not be in this business to begin with. Why is the Federal Reserve doing the job of our Congress and making monetary policy at all? Isn’t that the responsibility of our government? I don’t think the average American understands that our government has lost control of its US monetary policy to a privately held enterprise. As a private enterprise, American citizens are the customers of the Federal Reserve, not their dependents looking to them for policy of anything. Congress MUST get control back of the reigns on US monetary policy NOW from the Federal Reserve. I knew there was a problem, but this video really opened my eyes to the severity of mindset and worldview that must be changed if the US is ever to recover its financial and economic stability.

    Bernanke says: “It’s the independence of monetary policy which is crucial to the maintenance of price stability and economic growth in this country.” He’s absolutely right……..wrestling the independence of monetary policy of the American People BACK from the Federal Reserve is absolutely crucial and urgent.

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    1. Virginia Weston

      Well spoken point!

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  10. Meagan S.

    Well, obviously he hasn’t been shopping and seen how much the basic cost of everyday living has increased. This is not visible until you are trying to live on next to nothing and stretch the almighty dollar to buy the basics of living. Just yesterday we were trying to buy groceries on a very small amount of cash that we are currently forced to live on, and we realized that what we used to be able to live on was no longer viable. We observed that virtually EVERYTHING we normally buy as a food or living staple has already increased by not 10%, but 20-30%. For example, I bought a case of Kleenex that was $13.88 but not too long ago it was under $10 and had been for years. We were walking down the isle remarking that grocery items that a year ago used to be $4-6 are now $8-10. Like everything else, they can measure and make statistics say whatever they want them to say, but they can’t change the fact that the dollar doesn’t go as far at the grocery store as it did just a year ago. Bottom-line for consumers.

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  11. Eric Burt

    When the Fed does get audited – if they don’t destroy the evidence first – the books will show trillions of dollars being diverted to the Pentagon – Rumsfeld testified that he could not account for more than 3 trillion dollars in defense spending on Sept. 10, 2001- it’s on YouTube – . Trillions were also diverted to european interests and to a new World Bank.

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    1. Brandulph

      No question about that, Eric Burt, but I am of the firm opinion, that what you point at is only the tip of “the iceberg”. It has gone on for nearly a hundred years through their FED, and now, they even have their new scam to carry on with; The European Central Bank!

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  12. Eric Burt

    Great Job Dr. Paul !
    Bernanke’s smug answers don’t hold up against your questions – it is all about the policy – The depression and all the recessions in the 20th century have been created by Fed policies. The Fed doesn’t want to change because they profit from flooding our market with liquidity.

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  13. David Knollhoff

    Thank you, Mr. Paul for fighting the good fight. Keep it up!

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  14. Pols

    Very good, he’s getting defensive. Can’t wait for their reaction when the bill is implemented. Even with the bill in place they will not give away their secrets, this might be the final trigger for the rise of massive public awareness. Maybee even globally.
    Whatever happens, they can’t stop public awareness anymore and they will run through their procedures in a hurry to meat their globallisation goals even more. It will be so obvious and they will break down in a panic and the rats will leave the ship.
    After that operation “Clean Up” is well on it’s way. :)
    Getting rid of all ‘think tanks’ will be fun. Liquidating all accets of members and former membbers will be a laugh.
    After reinstalling the constitution, make sure by law that members in public office may not and may not have been member of any secret society.
    The world will look great, green, prosperous and peacefull. Noone has to be hungry if we don’t want it!

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    1. Steven Berry

      Well because your liguistic skills are more in alignment with Bandito Ben- perhaps you should take over the Senators seat and if nothing else you and the Fed thief can impress one another with the fact that you are truly Cunning Linguist..I think i’ll stick with my boy from Texas

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      1. Pols

        Thank you very much for informing me about my poor linguistic skills or as you put it liguistic skills.
        My linguistic skills are fine in my native language but, since you would not understand a word of Dutch I tried to accommodate you by trying to write in English.
        I’m sorry if I got a little carried away but, I am trying to get a global perspective on the whole globalisation subject and saw for the first time someone like Bernanke experiancing some real heat and how he dealt with it. It gives someone like myself the hope we can change the world we live in.
        And then some dickhead like you comes along and tries to spoil my good mood. Seems to me you have a long way to go growing up and becoming aware of the world we live in. Don’t try to put people down that believe in the same cause you do. Don’t put people down because you might be better at something. It doesn’t help and it’s lost energy when you’re done.
        I don’t think you have a clue what this is all about. I guess you don’t know when the FED was even created let alone by whome or where Jeckyll Island is.
        If you don’t, do the research. If you do, get aquainted with topics related to it. Put your energy in something usefull instead off putting people like me down. I think you will learn that saying something like “I think i’ll stick with my boy from Texas.”, shows how ignorant you realy are.
        Try commenting on the subject instead off beating someones head in with your own stupidity. Get involved and talk about this stuff in your community.
        Try to understand what money is and how it enslaves you. Try to impress people with your knowledge on the subject without beeing an arrogant nitwit without any understanding of any other part of the world than Texas. There might be more.

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    2. Fluidly Unsure

      But what constitutes a secret party?

      Is a “secret society” one with restrictive membership and is run by a small niche? Every ToastMaster club I’ve been to qualifies as “secret”.

      Does a society that openly advertises itself qualify as secret?
      http://www.trilateral.org
      Cecil Adams made a few good points over 20 years ago.
      Membership has been used as political ammunition against many like Ford, Carter, and Bush Sr.

      http://www.straightdope.com/columns/read/524/is-the-trilateral-commission-the-secret-organization-that-runs-the-world
      or
      http://tinyurl.com/67tcbk

      As long as the idea of secret societies exists (in real or just in some peoples heads), the claim of membership is ripe for abuse. How can someone defend themselves?

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  15. Ross

    I cannot believe how patient and restrained Ron Paul is.The US has a bunch of criminals looting it’s economy by conjuring money from cyber space and then loaning to the Govt at interest!

    If we do it is called counterfeiting and we go to jail.Counterfeiting is theft since it dilutes everyone else’s assets through inflation.If the Fed does it,it is called monetary policy.Legalised theft?

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  16. Patrick Greene

    His answers, and all notFederal noReserve answers, are always odd and they have trouble explaining what they are doing because they don’t decide the plan – they are told what to do and they do it. Then they try to explain why they are taking actions that are destroying the country.

    The answer is because they are told to.

    Look at the Secretary of the Treasury – he is going after tax cheats. All he has to do is arrest himself and his cronies.

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  17. Peter

    “It’s the independence of monetary policy which is crucial to the maintenance of price stability and economic growth in this country.”-Bernanke

    Well, if what you say is true Mr. Bernanke, then why are our nation’s finances so screwed up? Time to open the windows and let some fresh air into the room buddy.

    My brother recently went on vacation with the owner of an American Insurance Company.The man is as wealthy as D.Trump. And even this very wealthy man felt like a peasant compared to some of the rich people that they ran into in Italy and Greece. Now where and how in God’s name can two little countries amass such wealth?
    With 1/80th the economy of the U.S. Especially after WWII. How?

    I’ll tell you how. Somehow,someway I suspect that a huge chunk of America’s wealth has been funneled across the ocean to fund these liberal countries.Because their big Government/Socialist ideals don’t promote free markets. Therefore, they need our money to be sent to be them, via the Fed ON A REGULAR BASIS. For decades now. That’s how. Hell, did you know that America pays for Ireland’s TV Cable? And that’s just what is made public.

    Which would explain the Fed’s defiant secrecy,Obama’s European popularity and America’s urgent need to clean house. Or in President Jackson’s words ” I’m going to shut down the Banker’s grip on America and rout you out like the vermin you are!”- Andrew Jackson

    God I can’t wait to read the front page news: ” Congress Shut’s Down the Fed”. One can only dream. Ha ha!. Bye bye Bernanke.Bye Bye Europe! Bye Bye Golden Parachutes. Bye Bye Fannie and Fred.No more free ride from America. From now on everyone will have to go back to earning money the old fashioned way,
    work for it.

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    1. Brandulph

      …LOL… I’ll tell you how. Somehow,someway I suspect that a huge chunk of America’s wealth has been funneled across the ocean to fund these liberal countries… LOL… Because their big Government/Socialist ideals don’t promote free markets… LOL… Therefore, they need our money to be sent to be them, LOL… via the Fed ON A REGULAR BASIS…LOL… For decades now…LOL… That’s how…LOL… Hell, did you know that America pays for Ireland’s TV Cable?…LOL… LOL… And that’s just what is made public… LOL… Which would explain the Fed’s defiant secrecy, Obama’s European popularity and America’s urgent need to clean house… LOL…this very wealthy man felt like a peasant compared to some of the rich people that they ran into in Italy and Greece. LOL…

      I haven’t had a better laugh for ages, Peter, just incredibly funny! LOL!… and then the punch, -“Bye Bye Europe”… LOL… Please write more!

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      1. Peter

        OK Mr.Einstein (Brandulph).

        You’re response has the trademark of adolescence. Please stay out of the bars and try to study so maybe you’ll learn something while wasting your parent’s money in college.

        I guess all of the post-Obama-Campaign ACCORN Bloggers are out of work and have been hired by an obviously nervouse FED to harrass supporters of Paul’s bill.

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        1. Brandulph

          Hi there Peter!
          – Evidently I have totally misunderstood you… I honestly thought that you WERE joking.
          – I am an EC citizens (Norwegian of birth, 70 years old in a few days, living in Germany and in Spain).
          – Hence, my reaction to your posting, linked with your reaction to my response, might sadly serve as an indication of how far away we (US/EC) might stand apart in our perception of the world in which we live, at times.
          – My Blog however,- http://brandulph.blogspot.com/2009/03/federal-reserve-transparency-act.html – ought to serve you as an ample proof of the fact that we are on the same side of the “fence”, regarding the FED and related matters.
          – As for the sad fact that I evidently have upset you with my “European” interpretation of your posting, please accept my apologies.
          – However, Peter, for most of us Europeans, it is clear, that people anywhere in the world, linked to the “international bankers scam”, have the possibility of becoming as wealthy as any “Donald Trump” or whatever their name is.
          – Further on, the nailing of the FED, is not a matter of importance for USA alone. It is of vital importance for the whole world economy, and I trust you are aware of the fact, that the ECB is plain a copy of the FED… and that it is ran by the very same jackals.
          – Please hang in there, Peter, and fight onwards in this most important battle, fronted by an unbelievable courageous man, Dr. Ron Paul. (Europe by and large is unaware of it!)

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          1. Peter

            Mr.Brandulph,
            apologies excepted. I too apologize.And yes we are all in this together. On both sides of the pond.

            When I was young my family was wealthy. We had oil royalties from numerous oil wells across Texas and Oklahoma.But the US Congress passed a bill in the late 60s and revived it again in the 80s to penalize US oil wells that produced barrels of oil over a certain allowed amount.This was handled (of course) in the form of extremely high taxes. Hence, our money and life style dwindled until my father passed away a broken and depressed man. He felt betrayed by the very same country he loved and fought so bravely for.He was a wounded US Army Captain in WWII.

            It seems that the control of money and the power to make monitary policy has no morals or values. We all have a stake in this.

            There’s a lot more going on with the Fed than just controlling interrest rates and the flow of money.They have their hands in everything. Which explains the need for the secrecy. There is definitely a sinister element involved.The defiant nature and energetic attempts to side track Paul’s Bill is evidence of this. My father witnessed it first hand. Not a conspiracy. Reality.

            This is why I am amused at some of the bloggers here who ridicule Paul supporters as being Chicken Little. They really trust the Fed? Then why block an audit? What is there to hide? I’ve read every argument from the cost of the audit,the futility of an audit,the unplanned procedures of an audit to the detailed technicalities of an audit. So what?? Let’s have an audit and get it over with.

            Isn’t Norway one of the clever countries that uses the steam from underground geisers to power their energy needs? :)

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          2. Brandulph

            - Well, Peter, you have witnessed the whole scam at close range, and of course, you are absolutely right when you write, -“There’s a lot more going on with the Fed than just controlling interest rates and the flow of money.They have their hands in everything.”
            – “They” are, and have for a hundred years or so, been the REAL government of the USA. Simple as that, Peter, simple as that. ;-)
            – When I was young, and made my first long haul on my own sailing boat, my grandpa told me, -“Remember this one thing, son. When the going gets rough, and you stand there at the helm in a bad storm, never let go of the rudder! Never ever fall on your knees, folding your hands and pray to a god for help to get you through the heavy weather. ‘Cause if you do that, you will lose your cargo, your ship and everyone sailing with her… and of course… you will be gone too! Hang on to the rudder, son… never, ever, fall on your knees in prayers! If you don’t know how to handle your ship in a bad storm… you’re not worthy of her! Sail!.. navigate!… curse the devil… but don’t pray!”
            – Well, in my long life I have weathered many a storm… and it has always surprised me how frequently most Americans call on a “god” to get get themselves out of some “bad weather”. ;-) The misery of religion i guess.
            – And by the way, the country with natural energy in abundance under their feet, is Iceland. Inhabited by good old “vikings”. :-)

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    2. longryder

      You boys kissed and made up yet? ..good..All of us here that are not working for the perverts in D C need to support each other ..Help educate each other ..and stand together by forming plans that we can perhaps implement as a group rather than as an individual..I was evesdropping into your emails Peter and Mr Brandulph and what I am ftnding so fasconating is that we all bring our own unique knowledge and experiences regarding this absolute lie of all lies valled the Fed..I read a story a year or so ago that I wish now I had kept. The author who only identified himself as a former Federal Reserve mid level employee stated that a substatial amount of our gold and silver reserves has been transferred to the Fedreal Reserve as payment due..and is now buried within Fed owned Bank somewhere in Europe..Perhaps just a loon trying to scare the crap out of us..But once again, how would we really know if that is true or false?..If true, than how can we ever hope to build a monetary system based on precious metals again..?

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  18. Peter Hebert

    Alan Greenspan, Ben Bernanke, Henry Paulson, Phil Gramm, Larry Summers, Chris Dodd, and every C-level executive in mortgage lending and investment banking belong in jail for the accounting rules that were yo-yo’d to create the “credit crunch” to then justify defrauding Americans out of $700 billion and some. Political corruption is at the heart of this. The Watergate scandal with Nixon is naive and innocent in comparison to what has and is happening. What is missing are relentless journalists, wide scale prosecutions, and a 1960s-style revolution that forces a house cleaning. The Federal Reserve has done the same thing by yo-yo-ing interest rates and the money supply, by “creating” an economy when there is none. No one is better off today even after 20 or 30 years of living in the U.S.

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  19. Sam

    Only man in Congress who truly put his love for this country and truth before his comfort,career and life !

    You are My HERO and inspiration to make a difference..

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  20. Frank Collatt

    Praise God for RON PAUL!! He is right on point, and right on his suspicions of what is going on with the money at the Federal Reserve. IF the Federal Reserve was NOT doing “shady business”, they would gladly accept an audit. What business in America can operate this way, and stay afloat? Abolish the Fed, return our country back to it’s original owners(we the people), and prosecute those global elitist bankers that have decimated our society with their crap and outright theft. Ask yourself this question? Why in the world does America owe so much money to China? I rest my case, and thank God for RON PAUL. At least honest, integrity, and ethics still mean something to this Great American!!

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    1. Brandulph

      Well spoken, Frank Collatt, but how about starting with the prosecution of all the corrupt politicians who are ON THE TAKE by those who have the power to create and issue money out of nothing?… i.e. the “Rothschild” clan.

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      1. Frank Collatt

        I AGREE!! In fact, maybe we need to create a company that hires U.S. Attorneys and Prosecutors!! From the daily news there is so much corruption, we have a shortage of attorneys assigned to prosecute all of these corrupt politicians and business people. Amazing isn’t it? Who would have thought America would have ended up headed in this direction? If other members of Congress would have the Ethics and Intergrity of RON PAUL, then we could nip this problem in the bud!! Take a look at Stanford Financial Services, the SEC was warned back in 2002′, and this individual was allowed to scam investors for another seven(7) years……

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  21. David Fernandez

    Audit the Fed, hell we should just get rid of it. Ever since we let them set up shop and control monetary policy, our dollar has lost value consistently. Either these guys are as smart as they want us to think they are or they are stupid as hell to lead our economy to the way it is now.

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  22. Cliff

    Thank you Mr. Paul. You are a true patriot. I love seeing Ben Bernanke squirm and we soon will be there. Contact your congressman and tell them to support this bill.

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  23. Wolfman

    OF COURSE THE LOWLIFE WOULD RESIST ANY ATTEMPT TO DICTATE MONETARY POLICY! IF HE DIDN’T HIS BOSS’S ,THE ROTHCHILDS, ROCKEFELLERS,WARBURGS, STANLEY AND MORGANS WOULD CUT HIS THROAT. HE WORKS FOR A PRIVATE BANKING CARTEL THAT CURRENTLY OWNS THE MORTGAGE ON EVERY COUNTRY THAT HAS ANYTHING OF VALUE IN IT. THEY HAVE OWNED OUR CURRENCY SINCE 1913 AND AS LONG AS THEY DO NOTHING WILL EVER CHANGE. GOOGLE THE ‘FEDERAL RESERVES TRAIL OF BLOOD’ AND YOU WILL SEE HOW THESE “TAKE OVER THE WORLD” CREEPS OPERATE.WE ARE GOVERNED BY A SECRET SHADOW GOVERNMENT AND UNTIL IT IS DESTROYED THIS WORLD WILL NEVER BE RIGHT!!!!!
    Wolfman

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    1. Brandulph

      - Well spoken, Wolfman, well spoken!
      – The very essence of the problem, which you point at, must be attacked and dealt with. Remove the cause of the cancer, and all the symptoms will disappear by themselves.
      – “Let me issue and control a nation’s money and I care not who writes its laws.” are words uttered by Amschel (Bauer Mayer) Rothschild way back in 1838. And, in those words is embedded the reason for the “cancer” in the whole world ecconomy… a “cancer” made possible by the acts of corrupt politicians, world wide.
      – And at present in the US, the list of politicians who do NOT support Ron Pauls bill to audit the FED, are the names of US politicians who are on the take by the “Rothschilds”.

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    2. Steven Berry

      A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself.

      For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear: Cicero Marcus Tullius – Born on January 3, 106 BC and was murdered on December 7,

      =
      “There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution.” – Aldous Huxley, Tavistock Group, California Medical School,

      “A popular government without popular information or the means of acquiring it is but a prologue to a farce or a tragedy, or perhaps both. Knowledge will forever govern ignorance: And a people who mean to be their own Governors, must arm themselves with the power which knowledge gives.” — James Madison
      (1751-1836), Father of the Constitution for the USA, 4th US President Source: letter to W. T. Barry, August 4, 1822, Ref: Letters and other Writings of James Madison, vol. 3 (276)

      =
      “Liberty, according to my metaphysics, is an intellectual quality, an attribute that belongs not to fate nor chance. Neither possesses it, neither is capable of it. There is nothing moral or immoral in the idea of it. The definition of it is a self-determining power in an intellectual agent. It implies thought and choice and power; it can elect between objects, indifferent in point of morality, neither morally good nor morally evil. ” — John Adams (1735-1826) Founding Father, 2nd US President Source: Letter to John Taylor 16 April 1814

      =
      Do not wait; the time will never be “just right’. Start where you stand, and work with whatever tools you may have at your command, and better tools will be found as you go along. — Napoleon Hill

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      1. Pols

        A good, you found the copy/paste function on your computer.

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    3. longryder

      The “Wolf-Haddy” has it down hard and straightfellow Infadels..Thank You Wolf for your making us all pay attention to the facts..Bad Ben Bernanke like hid fellow thieves and traitors ro this Country is nothing but a shyster with a clean night shirt…Now I am trying to stay calm and focused here but I am going to challenge anyone that even hints that Bernanke is anything more than a water boy for the slags that Wolf named in his BLOG..Tell me gentlemen..where am I in error here?..What has these den of thieves that make up the core group of the Federal Reserve Corp. done since crashing our party back in 1913..to make America a better, more financially solvent, more productive and better country for we the people to live in?..How many here and I know there are some pedigreed and brilliant thinkers here..How many of those fellas objected when our filthy self serving Congress decided that we were mo longer a Republic..but rather ..we were reborn as a Democracy..When did that change take place?..Who authotized it? What the hell..difference is it ..right?..WRONG..My hunch is that the bosses at the Fed..ordered the subtle change around the time when we were busy fighting a war they probably started ..I will guess about 1950..Amd we just like lemmings marched our stupid asses closer and closer to the cliff..haven’t we? Well I am not a scholar like most here ..But let me take a stab at why this Denmcracy lie is so important to the bosses..Democracy’s anywhere and everywhere are doomed to failure..WHY? Because -and it is being played out before our very eyes gents- Because Democracy says that the Majority rules..period…Which is ok when you have leaders that are not part of the swindle..but when everyone turns out to be just the same as the previous liars and thieves..and they are the majority (liberals).than they know that majority rules..NOT OUR GOD_DAMN CONSTITUTION..that is exactly wha thas happened to us fellow slaves..We let them get away with our money..our dignity..and if they are not stopped soon ..and with the voting majority officially makes us a Democracy..The Costitutional Law of this land will simply have no power ..at all..A Republic on the other hand will always consider the Constitution to be the final authority as to what is legal..That is why rhe Founders made damn sure in the Federalist Papers which is never taught at our failed Ed system are so damn important right now..Where am I in error here? How many of us has written letters to the Perverts in Congress pointing out this travesty of thinking we were just going to allow them to rape our Republic to death was poor thinking on their part..Tell me gents ..am I like making to much of this..? Is there anyone here that thinks that anyone other than the secret elite within the Fed are the monsters who own our debt?..What does that mean..?..Educate me .. I have a great 6 minute video that tells the difference between Republic and Democracy much better than I did ..Can I upload that here so everone can have a copy of it..educate me Rebels..BUT please do not dignify any of those tramps at the Fed..They are slime balls worthy of only out anger and our vows to make them pay ..some day

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  24. Manbearpigdog

    Dr. Paul, Thanks for taking on the independence of the FED. These guys think they are above scrutiny, which, to me, makes it more obvious that they are operating without any oversight (of any consequence). Hang ‘em high. Its about time to return to the intent of our founding fathers. In earlier times they may have been tarred and feathered (more likely candidates of being drawn and quartered). I am so tired of looking at the smug looks of Bernanke and Geithner. Sometimes I think they are on the verge of laughing at the questioners. Is there anybody investigating the FED, SEC or Treasury? Surely they are not above the law. (Oh that’s right, Paulson tried to pass the original bailout with the stipulation that no matter what he couldn’t be held legally responsilbe for anything he did (or didn’t do)).

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  25. Stewie

    Bernanke said it would not be acceptable for our Congress to dictate monetary policy.
    It would NOT be acceptable for our elected representatives to represent us.
    Wow, what exciting times we live in.

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  26. Phil Alford

    Everyone here needs to read “The Creature from Jekyl Island” by Griffin. The “Federal” Reserve does not serve the American people, it serves the World Bank, the CFR, the Round Table, and the mega wealthy. Remember the “Federal” Reserve is a private Corporation.

    Ron Paul knows what is in this book and others like it. Thanks to Ron Paul, who by the way got an “A” on gradegov.com, the word is slowly getting out about the corruption in government, both in the U.S. and abroad.

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    1. John E. Rachal

      This private corporation we call the “Fed” (what a joke) has
      bled every aspect of this country dry. There is not anyone
      or anything that has been left untouched by this monster. They
      were responsible for JFK’s assassination! There is no doubt about this. These bastards need to be rounded up and
      executed for all the suffering they have caused! I hope to God that there is a revolution in this country like in France!
      Thomas Paine said “that revolution from time to time is good.” We need to end the “Fed” once and for all!

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  27. M Russell

    An honest man in Washington!!!???? You are appreciated more than you know,sir.

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  28. Samuel DiMuzio

    Ron Paul is onto the federal reserve manipulating money/interest rates. And Bernanke cannot shake him. What is frustrating are my three reprensentatives (house John Mica and senators Nelson and Martinez. These three just will not fight to take back control of the banks and funds. Honestly, these three are whimps and I am ashamed of them.

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  29. Taggart

    I just want to say thank you Dr. Paul, you’re a true patriot! It’s good to see there’s still a Congressman with a backbone who’s willing to stand up for WE THE PEOPLE and OUR CONSTITUTION! The truth will eventually overcome all the corrption in our country…GOD BLESS Dr. RON PAUL, you’re in my prayers Brother!!! KEEP THE TRUTH ALIVE…

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    1. steve osmond

      nothin will happen if we sit back and watch, i honestly dont think theres enough people trying to change things not just for us but for the next generations of people. or not enough people who are realizing whats goin on rite in front of them. as long as people are comfort in there own zone then they dont want to change, and this makes it difficult for us and i can understand now why alex jones becomes to frustrated

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  30. Casey Pena

    Woot!! Rip him a new one!!!

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  31. Bob Veigel

    What is so frustrating is the fact that Fed policy over the years has been a disaster. But, the Fed never learns, does not seem to care about history or past results. Just continues along the same old failed past. With that said, why be concerned about policy suggestions which might just be a whole lot better? Is it pride, ego or no-one is smarter than the Fed?

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    1. kyle

      how about this: they want to create another depression, because it is in THEIR best interest.

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  32. Paul vs Bernanke « Rants & Ravings & Other things I find interesting

    [...] last year? He gets it. He understands better than Bernanke about monetary policies. Just watch this video and tell me who you think gets it. As a matter of fact, watch his other videos and read his views. [...]

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  33. steve osmond

    thanks congressman Dr. Ron Paul, i can safely say your my idol and i just wish in my lifetime (im only 20 lol so still a long way to go) that i will be as smart and grow the balls to stand up to these people. I am very intimdated by the courts and the law and am trying to learn the laws and my rights.
    i just wanna show my appreciation for standing up for the people and as i am canadian and have never been to america i still realize what happens in america effects us tremendously.
    For all you people that are looking for ways to contribute i can give u a few examples of what i have done. I have started a facebook group down with one world government, i have been following the co-sponsors to the HR 1207 bill to AUDIT THE FED, and have been asking people and calling in myself, to the reps who have not co-sponsored the bill. also i have been leaveing messages on youtube, other facebook groups, and forums. and just for spite have started going into chat rooms and jus chatting it up with people and trying to raise awareness in the hopes even one person looks into this or even does a little research, becasue a little research can go along way. peace to all and i hope we get out of this mess before its to late,,, luckily i have a cabin tucked away here in the maritimes in case it gets to that point aha anyone is welcome to join :)

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  34. T Reamonn

    Soon he’ll have to bend over and take it.

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    1. NW

      Bernanke needs to be arested… not given quarter to continue to stel the taxpayers money….

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  35. Narf

    I’ve noticed Bernanke is increasingly squirming under Paul’s questioning.. 124 and growing!

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