YouTube: Bernake sidesteps Ron Paul's question of morality

"...and we think we can solve the problem of inflation, with more inflation.  But really the bottom line is, what moral justification do we have, to deliberately devalue the currency and dollars that people save?"

- Ron Paul to Fed Chairman Ben Bernake

This is an excellent interrogation by Dr. Paul of Ben Bernake and a complete sidestep of the question.  For those who know a little about monetary policy the response from Bernake had absolutly NOTHING to do with devaluing of the currency.  Bernake's response focused on PRICE inflation and had nothing to do with the matter of MONETARY inflation which is what Ron Paul was asking him about.

This is a difficult topic to grasp as I only did myself around a year ago after reading a great amount about this at places like www.mises.org and www.fee.org but essentially you can break this down to the "Yoga Berra" principle as I will call it based on one of his famous quotes.  If you have a pizza and 8 people and cut it up into 8 slices than each person gets an equal slice.  Now take that same pizza and cut it up (theoretically) into 64 slices now obviously EACH slice of pizza is worth much less.  One person could now get TWO slices of pizza but this is a far cry from the original 1 piece that was cut.  The Fed slices up the monetary pizza more and more each time they inject currency into the system but it gives more slices to their own investors.   Remember that the owners of the Federal Reserve are the same people who own the central bank of England and who print out the Euro.  Hmmmm, the same people who print the Euro now want to print an Amero vs. a dollar?

FYI the Consumer Price Index (Price Inflation) has been held in check around 3% however the real value of inflation, monetary inflation, has been estimated conservatively to be upwards of 10-13% (how many of you get raises at your job this high every 12 months?).  This is also harder to determine now that the Fed deliberately stopped publishing the M3 statistic which is simply the money supply!  The Fed no longer publishing M3 is like GM not saying how many cars they produced!  It is no surprise that Ron Paul has authored a bill requring the Fed to publish M3 once again and this bill has two cosponsors.  His bill to abolish the Federal Reserve still has no other congressman with the guts to put his or her name on that bill. 

bob graham las vegas said: As Forbes so aptly put it this week , there are slightly over four hundred who are finding the dollars which were lost in all markets collectively . I have always said that money isn't ever lost , it just changes hands . Unfortunately about four hundred are hanging on so tightly that the dollar is being stretched to it's maximum allowable , and like anything else will break soon.

These international bankers are the real brokers of the North American Union.  The Dollar has already fallen out of favor around the world (Saudi Arabia for the first time ever refused to drop rates to match the Fed's cut) and the Amero is what these counterfeiters need to boost their power.  

The ONLY person talking about the Federal Reserve is Ron Paul.  He does not stand alone however even though you have 534 cowards on the Hill who won't join him but there are 41,259 others that are right there behind him as he leads the charge against this private corporation that makes the IRS look like cookie dough. 

Now of course we see Greenspan "the Ayn Rand Objectivist" giving interviews all over the place and he's heralded as this great man.  Bernake is simply continuing along these policies of Greenspan who also did much worse than his predecessor Paul Volcker.

These international bankers who are the masters of the CFR and Trilaterals must be stopped!

http://infowars.net/articles/septembe...

Our Republic essentially ceased to exist when our Congress followed along with Private control of monetary policy and our debt based currency.

Thomas Jefferson, declared, "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

This single issue is completely off most folks radar screen and should be waving red flags instead of the usual attitude that you are a kook to criticize the private banks controlling so much.....Everyone should take a look at this very informational sight concerning the Federal Reserve:

(note) this is a book and the chapters are clicked on far left side of page

http://www.maxexchange.com/ybj/introduction.htm

Also here is a very interesting video about our money supply:

http://video.google.com/videoplay?docid=-1054706869308133588

RonPaul08 said:

bob graham las vegas said: As Forbes so aptly put it this week , there are slightly over four hundred who are finding the dollars which were lost in all markets collectively . I have always said that money isn't ever lost , it just changes hands . Unfortunately about four hundred are hanging on so tightly that the dollar is being stretched to it's maximum allowable , and like anything else will break soon.

 

These international bankers are the real brokers of the North American Union.  The Dollar has already fallen out of favor around the world (Saudi Arabia for the first time ever refused to drop rates to match the Fed's cut) and the Amero is what these counterfeiters need to boost their power.  

The ONLY person talking about the Federal Reserve is Ron Paul.  He does not stand alone however even though you have 534 cowards on the Hill who won't join him but there are 41,259 others that are right there behind him as he leads the charge against this private corporation that makes the IRS look like cookie dough. 

I like to study people , their eyes , their bodily movements and their speech patterns . I see a very nervous Benanke and IMHO out and out lies coming from him as he stuttered with a prepared rebuttal for what all knew Dr Paul would pose as a question of importance . All who know me are amazed at my ability to be point on in character judgement . There are machines which do this even better than I do and are accepted by many as quite accurate . I wonder what one of these machines would say in this case ?? LOL

As for why so many are afraid to tackle this dilema , most don't know or won't admit to a dilema even existing . Those who know a little are dangerous and running scared as they are aware that a transition period would put a hitch in their Me, Me , Now ,Now mentality . I have enough faith in my fellow Americans , on the whole , to see through this guise and I do believe the upcoming election will prove so . That is , if all things are equal and popular vote does in fact count , or should I say if popular vote is counted correctly ?