Free Talk Live

In a July 13, 2011 exchange between Rep. Ron Paul and Fed Chairman Ben Bernake, Dr. Paul asks whether or not Bernanke believes gold is money. After a short pause, Bernanke answers "no," claiming that central banks only hold gold because of tradition.

Rep. Ron Paul (R-Texas) made "absolutely bizarre" allegations about the Federal Reserve's involvement in Iraqi weapons deals and the Watergate scandal, chairman Ben Bernanke said Wednesday.

It might seem like prices are rising wherever you look, from medical care to college tuition. Yet to the Federal Reserve, they might not be going up fast enough.
The Fed says a little more inflation might be just the thing to start a chain reaction that would ultimately create jobs - and avoid a spiral of falling prices that could damage the economy.
In a statement Tuesday, the Fed avoided directly mentioning the dreaded word "deflation." But it signaled its concern that today's very low inflation might lead to actual price drops.

Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke in a U.S. House Financial Services Committee Meeting shortly after reports surfaced that the Federal Reserve was preparing for a third round of quantitative easing.

Ben Bernanke,
It has come to my attention that you will be compiling a list of people that post derogatory/negative comments about the Federal Reserve...

I doubt you or anyone on your behalf will respond to this letter, however if you do, your reply will be made public.

In Peace, Freedom, Love and Liberty,
Darryl W. Perry

Note: This article was written by Nicholas von Hoffman for The Nation. This man has a lot of courage: he points out that inflation hurts the poor the most. The rich can purchase hedges against inflation; the poor have no such protection. Even if inflation reduces unemployment, if salaries are worthless the poor are no better off. It is the worst-off of society that suffer from bad economic policy, as usual. He also implies that the Fed was counting on a looming crisis to take care of inflation for them. If this is true, then the Fed may really be as evil as many say it is.

Congressman Ron Paul (R-Texas) confronts Fed Chairman Ben Bernanke on monetary policy, and says that Fed policy has not helped to stabilize the economy over the last 30 years or so. Paul asks how the Fed can manage monetary policy if it doesn't have a definition for a dollar. And, he adds, gold is the true long-term measurement of value.

30 Quotes from Ben Bernanke over the past several years showing his view of the economy and just how far off the mark he has been. Enjoy!

Warning that our nation's fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don't confront them, they'll find themselves confronted *by* them.