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Wednesday, February 24, 2010

Ron Paul's bizarre tit for tat with Bernanke

Bernanke knocks out Ron Paul with just one word''"Bizarre."

Bernanke and the man above, both had the same look!

6 comments :

Anonymous said...

We'll have to see on that, I once thought Ron Paul was bizarre until I got the revelation that he is mainly just telling the truth. Pretty bizarre, I guess.

palmoni said...

Ron Paul does tell it like it is--but he should of tied in AIG with the credit default swaps on Greece--thus it looked like Bernanke bested him with just one word

disappointing

Anonymous said...

Professor Bob Auerbach of the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin (and an economist at the House Financial Services Committee for eleven years assisting in oversight of the Federal Reserve) brought these issues to light in a book published by a university press:

In Deception and Abuse at the Fed, Robert Auerbach, a former banking committee investigator, recounts major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including:

* Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring--for 17 years--it had no transcripts of its meetings;
* Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation;
* Allowing 5.5 billion to be sent to Saddam Hussein from a small Atlanta branch of a foreign bank--the result of faulty bank examination practices by the Fed;
* Stonewalling Congressional investigations and misleading the Washington Post about the $6,300 found on the Watergate burglars.

Auerbach provides documentation of these and other abuses at the Fed

http://www.utexas.edu/utpress/books/auedec.html


"Police who searched the room the Watergate burglars used found $4,200 in $100 dollar bills, all numbered in sequence. Proxmire asked the Federal Reserve Board where the money came from. As he explained in a letter to the late Rep. Wright Patman (D-Tex.), chairman of the House Banking Committee: "I got the biggest run-around in years. They ducked, misled, lied, and gave me the idiot treatment." - Milwaukee Sentinal

http://news.google.com/newspapers?nid=1368&dat=19820616&id=6dUVAAAAIBAJ&sjid=GxIEAAAAIBAJ&pg=6977,2777644

Anonymous said...

Nothing new under the sun here, just another case of evil being called good and good being called evil (or bizarre).

Palmoni said...

That's really good stuff

I need a Bernanke rebuttal piece because his bizarre bluff exclamation worked.

I always liked it when Ron Paul ripped Ben. I was watching it with these traders and they just groaned after it, and then Ron Paul ran out of time

Anonymous said...

Heres Bizarre:

Henry Waxman: In a 13 month period from May 2003 to June 2004, the Federal Reserve sent nearly $12 billion in cash, mainly in $100 bills from the United States to Iraq. To do that, the Federal Reserve Bank in New York had to pack 281 million individual bills ...


http://www.youtube.com/watch?v=b_kskdHCOiI&feature=player_embedded