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Ron Paul To Ben Bernanke: "People Lose Trust In The Government Because You Lie To Them About Inflation"

Tyler Durden's picture





 

Anytime Ron Paul sits across from Ben Bernanke you know sparks will fly. Sure enough, they did: starting 3 mins 50 seconds into the clip below, Ron Paul, guns blazing, asks the Chairman if he does his own shopping, if he is aware of what true inflation is, and if he knows that Americans don't trust the government because they are being lied to about inflation. And it only gets better, once Paul starts brandishing a silver coin. The punchline: "The Fed will self-destruct anyway when the money is gone" - amen. And ironically letting the Fed keep on doing what it is doing will achieve that in the fastest possible way. In fact, letting the system cannibalize itself with no further hindrances may be the best option currently available - just go to town.

 


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Wed, 02/29/2012 - 15:27 | Link to Comment ATG
ATG's picture

NSA go home...

Wed, 02/29/2012 - 12:40 | Link to Comment Ralph Spoilsport
Ralph Spoilsport's picture

Bawney Fwank defending the Dark Lord. Priceless.

Wed, 02/29/2012 - 12:41 | Link to Comment steve from virginia
steve from virginia's picture

 

Be careful of what you wish for you might get it.

 

If you wanna see a hard currency in action: Greece.

 

Hard currencies enforce resource conservation (and how)!

 

 

Wed, 02/29/2012 - 12:55 | Link to Comment shortus cynicus
shortus cynicus's picture

With full respect, please stop repeating Chairman's view on Great Depression.

We all know that Great Depression and Greek problems are caused by flexible money. Talking about hard money AFTER bubble pops isn't very constructive.

Resource conservation is really great point. Current paper system literally destroys all resources without any sens or meaning. Hard currency imposes wise decisions securing future of our civilization.

Wed, 02/29/2012 - 13:23 | Link to Comment AnAnonymous
AnAnonymous's picture

Made me laugh.

Because the currency system does not impose wise decisions securing the future of 'our' civilization?

Hollow phrasing that can cover everything and anything.

US citizenism is all about consumption.

Hard or fiat currency, it does not matter.

US citizens using hard currency ran out their nineteenth century Ponzi scheme, with their always more Indian lands to be stolen tomorrow.

Wed, 02/29/2012 - 15:26 | Link to Comment ATG
ATG's picture

How many market crashes, recessions or depressions with full employment did the Fed create since 1913,

while reducing the gold/silver vlaue of the dollar -99%?

The Chair has no cotton clothes because cotton tripled in price with his nostrums...

Wed, 02/29/2012 - 17:40 | Link to Comment akak
akak's picture

I am The Great Stoolman Mousy Tongue, and I approve this Chinese citizenism message.

Wed, 02/29/2012 - 12:41 | Link to Comment Budd aka Sidewinder
Budd aka Sidewinder's picture

DAMNIT!!!  I thought when he was reaching in his pocket he was going to pull out a .357 Magnum and put a double tap in the breast bone then the finisher between the eyes.

Wed, 02/29/2012 - 12:43 | Link to Comment SheepDog-One
SheepDog-One's picture

Bens arrived at the rubicon a bit early....more printing causes summer riots over $6 gas, no printing causes riots over tanking equity markets.

Flip a gold coin, Ben.

Thu, 03/01/2012 - 02:09 | Link to Comment chindit13
chindit13's picture

"no printing causes riots over tanking equity markets"

True, but most Americans don't live in the Hamptons, though I'm sure many or most would tune into the gang wars between the Hampton Homies and the Nantucket Ninjas.  Heck, the catering to the combatants alone (bluefin cerveche, endive, arugula and walnut salad, black Iberico ham, etc.) could give the GDP quite a pop.

Definitely the lesser of two evils.

Wed, 02/29/2012 - 12:43 | Link to Comment SmoothCoolSmoke
SmoothCoolSmoke's picture

Paul is good.  I like him.   If he only was a bit more "sliver-tongued" he been a lot more effective.

Wed, 02/29/2012 - 12:43 | Link to Comment bobola
bobola's picture

Ron Paul, guns blazing, asks the Chairman if he does his own shopping, if he is aware of what true inflation is, and if he knows that Americans don't trust the government because they are being lied to about inflation.

What Bernanke is thinking;  "Thank God we don't include food or fuel in the CPI, or I would have to give a semi-genuine answer."

Wed, 02/29/2012 - 12:57 | Link to Comment Shizzmoney
Shizzmoney's picture

What Bernanke is thinking;  "Thank God we don't include food or fuel in the CPI, or I would have to give a semi-genuine answer."

+infinity

Or the fact they never are 100% transparent about how expanded the money supply is.  You always seem to find out 5 years after the fact.

All you need to know: $1 in 2004 is now $1.20.  That's a 20% increase.  I can guaruntee you that 99% of Americans have NOT seen a 20% increase on their wealth in the last 8 years.

Wed, 02/29/2012 - 14:12 | Link to Comment Boxed Merlot
Boxed Merlot's picture

What Bernanke is thinking...

 

Yet he has no problem with his own son having frn 400K in student loans?  What does this say?

Wed, 02/29/2012 - 12:43 | Link to Comment Vince Clortho
Vince Clortho's picture

How many people actually believe the government figures on inflation?

Does anyone here know anybody who believes that steaming pile of manure?

Wed, 02/29/2012 - 12:46 | Link to Comment kito
kito's picture

99.99999 percent believe the government figures.......we are at war with eurasia, we have always been at war with eurasia.......

Wed, 02/29/2012 - 12:44 | Link to Comment dr.charlemagne
dr.charlemagne's picture

OT: I went long VXN today, what do you guys think? Are there better volatility ETFs?

Wed, 02/29/2012 - 12:45 | Link to Comment tradewithdave
tradewithdave's picture

The Fed Is Dead and Dr. Paul is the unpaid and accidental undertaker.

www.tradewithdave.com

Wed, 02/29/2012 - 12:45 | Link to Comment YesWeKahn
YesWeKahn's picture

Vote Ron Paul!

Wed, 02/29/2012 - 12:46 | Link to Comment Lost Wages
Lost Wages's picture

When the silver shop opens in an hour, I'm gonna go Buy The Fucking Dip, Stack the Smack, etc.

Wed, 02/29/2012 - 12:48 | Link to Comment aVian
aVian's picture

hope you guys bought this dip

Wed, 02/29/2012 - 14:18 | Link to Comment LouisDega
LouisDega's picture

I already bought Apple. I will hold it till the day i die next month

Wed, 02/29/2012 - 12:48 | Link to Comment bgilliam83
bgilliam83's picture

Man I love Ron Paul, but it's time for him to pass the torch, and not to Rand either. I would have fucked bernanke up here, but instead Ron beats around the bush and gives bernanke multiple easy outs. Why use a gasoline analogy when you could? have just straight up said this was $8 when you took over, now its $37!

We need someone MORE radical than Ron Paul. Fractional reserve banking is the issue, I don't even think it matters if you back that ponzi in gold/silver does it?

Wed, 02/29/2012 - 14:08 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Radical means to go to the root and that's precisely what Ron Paul does.

Wed, 02/29/2012 - 12:49 | Link to Comment Audacity17
Wed, 02/29/2012 - 12:49 | Link to Comment SheepDog-One
SheepDog-One's picture

RIGHT and meanwhile equities hardly effected....yea right. 

Wed, 02/29/2012 - 12:50 | Link to Comment therealmonty
therealmonty's picture

Bernanke: "Oh shit, I didn't know silver:gas was over 10:1." texting Jamie Dimon: "Hey lover, can you sell some silver please, the free thinkers are doing a little to well right now." 

Wed, 02/29/2012 - 12:51 | Link to Comment q99x2
q99x2's picture

Barney Frank. I purchased fish bait more useful than him.

Ron Paul stirring up the Globalists Agenda. Go RP.

Wed, 02/29/2012 - 12:52 | Link to Comment eatthebanksters
eatthebanksters's picture

I love Ron Paul but I just wish he would slow down and speak more legibally...he loses some of his credibiity when he goes of script and in 5 different directions.

Wed, 02/29/2012 - 14:14 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

I doubt the value of a speaking coach who suggests that a person should speak "more legibally (sic)."

Wed, 02/29/2012 - 12:51 | Link to Comment undercover brother
undercover brother's picture

barney frank is such an assclown.  the financial system has become a gigantic ponzi scheme under his watch and all he wants to do is blow bernanke.  pathetic.

Wed, 02/29/2012 - 17:24 | Link to Comment Temporalist
Temporalist's picture

Assclown is his favorite game.

Wed, 02/29/2012 - 12:51 | Link to Comment earnulf
earnulf's picture

Give 'em hell Ron, Give 'em hell.   The rest of us who hold the physical know where our mattress money is and what it's worth.    Silver not only takes out werewolves and vampires, it's also good against PHD economists too!

Wed, 02/29/2012 - 12:52 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

that bitch ass Barney fucking Frank...

what a fucking piece of shit...let me n 2 feet of his monkey ass and i'd slap the shit out of him...

hope ur reading this Fed's cause i dont give a Fuck....

Wed, 02/29/2012 - 19:51 | Link to Comment BW
BW's picture

What if oil producers accepted silver for oil?

Wed, 02/29/2012 - 12:52 | Link to Comment Piranhanoia
Piranhanoia's picture

Softball questions, nothing answers.   

Wed, 02/29/2012 - 12:55 | Link to Comment mark mchugh
mark mchugh's picture

I'm really glad he brought up the taxes associated with holding honest money.

Wed, 02/29/2012 - 12:58 | Link to Comment 1971
1971's picture

To his determent, Ron Paul is to excited and way to passionate in front of the Bernank and cameras. Only the 1% of this nations population knows what he is trying to say. Please, Congressman Paul calm the fuck down, pick out a couple of your talking points and explain them in a way where you don't look like my uncle yelling at the waitress because his soup is to cold. I hate to say it but the Bernank is allot better composed. Ron Paul missed a glorious chance to help our cause.

Wed, 02/29/2012 - 13:16 | Link to Comment PolishHammer
PolishHammer's picture

This ^

Wed, 02/29/2012 - 14:18 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Ron Paul has used his talents to good effect for decades. If you see a political or entrepreneurial niche for silver tongued Austrian economists then by all means make the effort to pursue that line yourself.

Wed, 02/29/2012 - 13:00 | Link to Comment Grey-Ghost
Grey-Ghost's picture

When the puppet freak show Romney vs. Obama ensues the vast majority of boiled frogs (f.k.a. Americans) would eagerly take one (Repulsive's wing of the cleptocracy) or another (Despicable's wing of the same cleptocracy) side of the deck, totaly unaware they condone this fascist monstrosity and sink with it.

At the end that's all that matter - the people get (and deserve) what they were voting for.

Last night I suffered through Romney & Gingrich & Santorum platitudes after the Repulsive's wing charade ("primary", "caucus") and have also heard Dr. Paul's words. One can agree or disagree with him, but he at least spoke about crucial issues. Those other idiots? Empty talk devoided of any substance.

Than I looked at the results and the votes. Sapienti sat!

Wed, 02/29/2012 - 13:10 | Link to Comment mick_richfield
mick_richfield's picture

But behold.  Yesterday 12% of the voters in my state chose Ron Paul.  What percentage do you think is necessary to change the world?  It is not 51%.

Semper fortis.

Wed, 02/29/2012 - 14:21 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Thirty three and a third can do it for sure (American Revolution), fewer might also work in some instances.

Wed, 02/29/2012 - 13:01 | Link to Comment rsnoble
rsnoble's picture

Will the FED really collapse, or will they just demand payback in the form of austerity and hard assets??

One thing's for sure  us little people are going to get screwed regardless.

Wed, 02/29/2012 - 13:03 | Link to Comment rsnoble
rsnoble's picture

I guess my main concern is exactly how bad things will get BEFORE they really do collapse and/or done away with. 50% of population in tent city? 75%???  They're dragging us all to the cliff and as of yet we haven't been able to let go of them.

Wed, 02/29/2012 - 13:03 | Link to Comment mick_richfield
mick_richfield's picture

No, we are going to build a new world, without beasts like the Fed in it.  Their time has passed.

Wed, 02/29/2012 - 13:02 | Link to Comment mick_richfield
mick_richfield's picture

That's my man!  I voted for him yesterday!

If you are afraid of 'wasting' your vote, the Matrix still has you.

Wed, 02/29/2012 - 13:04 | Link to Comment Börjesson
Börjesson's picture

If Ron Paul had been as good a speaker as he is a thinker and ideologist, then he would already have been president. Sadly, he most definitely isn't. He needs to focus his message and get to the point, instead of endlessly droning on and meandering all over the place. Even here, where he so clearly has all the good arguments and facts on his side, he fails to deliver.

Wed, 02/29/2012 - 14:26 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

He's been convincing me since 2005.

Wed, 02/29/2012 - 16:27 | Link to Comment ATG
ATG's picture

Have you watched any of the debates?...

Wed, 02/29/2012 - 13:05 | Link to Comment Quinvarius
Quinvarius's picture

Apparently Ron Paul really cheesed off the people we trust to keep our national gold supply safe.  It appears they decided to dump some merely to make a counter point.  LOL. 

Wed, 02/29/2012 - 13:06 | Link to Comment cherry picker
cherry picker's picture

I like Ron Paul and think he brings a lot to the table, but he lacks what is needed to deliver his message.

He rambles when speaking to Bernanke.  He would have been more effective in asking the obvious.

"Mr Bernanke, if your policies are costing the American 9% a year increase and the American income is stagnant, how do you consider that a successful policy?"

Wed, 02/29/2012 - 14:29 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

And then the Bernanke would have crumbled and groveled at Ron's feet, right? Better that Ron takes the airtime to make his points than to let the Bernanke spin his web on Ron's dime.

Wed, 02/29/2012 - 16:25 | Link to Comment ATG
ATG's picture

Throwing out the bsby with the bathwater...

Wed, 02/29/2012 - 13:05 | Link to Comment shushup
shushup's picture

Kind of embarrassing when Barney thinks what you are doing is correct and good.

 

Wed, 02/29/2012 - 13:07 | Link to Comment ag3nt0rang3
ag3nt0rang3's picture

Silver on T.V.!?!  Let the raid begin.

Wed, 02/29/2012 - 13:09 | Link to Comment G Mann
G Mann's picture

They are good friends, what are the chances that Mittens picks Paul?

Wed, 02/29/2012 - 13:48 | Link to Comment MsCreant
MsCreant's picture

I have wondered the same thing.

Wed, 02/29/2012 - 14:26 | Link to Comment Bob Sacamano
Bob Sacamano's picture

Zero.  Mittens is not a conservative and does not want to be yoked with one.  Mittens wants moderate changes around the edges, not significant directional change in the scope and size of the federal government.  Mittens forcefully articulated Social Security is not a ponzi scheme -- when the reality is that it is a ponzi scheme.  Mittens crowning achievement is RomneyCare -- which is not a conservative policy.  Mittens is not conservative.

Wed, 02/29/2012 - 13:14 | Link to Comment Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

Ron has got the interests of the American people at heart,but he tries to say too much in the short time he is allotted,this obviously does not come across well.

I think he would be far more effective in focusing on one or two issues and drawing up a few killer questions that really put the weasel Bernanke on the spot, the blunderbuss approach just doesn't work, because he raises so many points, Bernanke just skips over them with a few palliative condescending words for each one raised.

A snipers rifle versus the blunderbuss next time Ron.

Wed, 02/29/2012 - 16:24 | Link to Comment ATG
ATG's picture

ibid...

Wed, 02/29/2012 - 13:19 | Link to Comment hidingfromhelis
hidingfromhelis's picture

I think it would have been far more effective if RP had made his points more concisely, then let Bernanke dig his own grave in replying.  As it was, Bernanke barely got to speak.  Without knowing all the procedural rules of the hearing, I'm guessing that if he'd been more concise and allowed Bernanke to respond, he still would have had time to poke holes in Bernanke's response within the time limit.  In the video, RP couldn't wait to interrupt Bernanke and continue preaching.  If he wouldn't have an opportunity to respond after Bernanke spoke, his time would have been better spent making his points, then anticipating what Bernanke might say, and having solid rebuttals to that delivered in advance.

How someone with such a great message and widespread support hasn't been willing to seek a little bit of help in making his presentation more effective is beyond me.  

Wed, 02/29/2012 - 16:23 | Link to Comment ATG
ATG's picture

Straining at gnats and swallowing camels...

Wed, 02/29/2012 - 13:21 | Link to Comment mick_richfield
mick_richfield's picture

Ron Paul does not need to be president, and it won't help if he becomes president.

What is a president, to the Powers who control this world with false money?  Even if he got 55% of the real vote, do you think they could not make the outcome whatever they wished?

The world financial system cannot be saved in its current form, and if we could save it then we shouldn't.  And it certainly can't be saved through the current American political establishment, which is entirely owned by the Plutocracy.

Ron Paul's importance is that he has 10% or 15% of people who vote in primaries who now understand the new paradigm well enough to vote for it.  When the current paradigm collapses -- very soon -- then its millions of brainwashed adherents will not know what hit them. 

That's when the new paradigm forms, and it will coalesce around the seed crystal of those 5 or 10 or 15% of people who understand what honest money should be, and how it was corrupted by the Plutocracy.

Our job is to be part of that seed crystal.

Wed, 02/29/2012 - 16:11 | Link to Comment AL_SWEARENGEN
AL_SWEARENGEN's picture

Romney should offer Paul Bernake's job.  That's the only way Romney would get my vote.

Wed, 02/29/2012 - 16:22 | Link to Comment ATG
ATG's picture

That's what Corporate Foundation Government Union Monopoly Media would have US sheeple believe,

that Ron Paul cannot win, and even if he does, it won't matter.

Fact is, establishment media like NYT were displaced by disrupters like AAPL:

http://bit.ly/wyMYyX

http://bit.ly/yI6j7f

There are any number of Ron Paul life, liberty, peace and prosperity supporters in Congress who will support

Constitutional Court appointments.

Even more may be elected this fall, in perhaps the greatest untold story of all time:

http://bit.ly/yoLzRk

The rEvolution will not be broadcast on nightly news...

Wed, 02/29/2012 - 18:18 | Link to Comment Cathartes Aura
Cathartes Aura's picture

I gave you an upvote mick_   because, while respecting the role Paul plays in the political arena, you are willing to be honest about outcomes, about where "we stand" today, not some "future" hoped for scenario, but now, right here.

there is indeed a message that needs to be heard, and people will tune in incrementally, or not at all - but those who have started to pay attention will multiply as the pain increases - one can either hate people for not thinking exactly as one wants them to, or one can know that supporting people waking up to a reality increases the numbers we can all rely on going forward.

"honest money" is a part of the whole, but it is NOT the whole - the sovereignty of individuals, the right to BE without government interference and tyranny, this is important too. 

Wed, 02/29/2012 - 13:25 | Link to Comment dcb
dcb's picture

I hate to use certain words, but I thought that fat fag was going to retuire, can't he find some you boys to play with. I am not a homo phobe, but I don't know a better way to express my disgust that to use a word I hate

Wed, 02/29/2012 - 18:11 | Link to Comment boiltherich
boiltherich's picture

"I am not a homo phobe"

 

Yes you are a homophobe (it is one word by the way), when you identify a person you intensely dislike not based upon the reasons for your dislike but on a personal trait of theirs which they have no control over, like their race then you are in fact a racist, or because they are gay and you decide to use the one word that coming from a breeder is exactly the same as a white person using the term nigger because a politician you don't like is black, I notice that neither you nor any other posters here at ZH go around referring to Barry O as "that nigger," but you have NO problem referring to Frank as a fag.I would even go so far as to say that not only is it not Frank or his politics you detest but the threat you perceive because he is a gay man that has risen to substantial power.I feel sorry for you, first that you are so unable to accept people as who they are but even more so for your ability to fool yourself that you are not a hate filled bigot with latent homosexual tendencies. 

 

 

 

 

Wed, 02/29/2012 - 13:27 | Link to Comment AnAnonymous
AnAnonymous's picture

If US citizens of A are losing faith in their government because the government is lying to them in terms of inflation, that is incredibly positive for US citizen governments considering the long streak of lies they have been involved now... Just reduce lying on inflation and keep or increase lying on all the other topics...

Reminds me of that US citizen hero, that hockey player who thinks that the US government has grown big enough to steal. If big enough is only now, after the US government stole an entire continent to hand it over its citizenry, well, that is pretty positive for the US government.

Wed, 02/29/2012 - 14:31 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Oh, for the love of Benjy!

Wed, 02/29/2012 - 17:46 | Link to Comment akak
akak's picture

Get back to us when you are willing to acknowledge and discuss the Chinese citizenism invasion, rape and ongoing colonization of the formerly independent (and utterly peaceful) nation of Tibet.

Wed, 02/29/2012 - 13:32 | Link to Comment dcb
dcb's picture

looks like barney is setting himself and crew up to lobby for the financial system.

Wed, 02/29/2012 - 13:38 | Link to Comment bbq on whitehou...
bbq on whitehouse lawn's picture

Poor people need to understand that being poor is not their fault its the fault of the FED.

If Ron Paul could get that message across then he would win.

The Fed controls the value of the dollar so it is they who control how rich or how poor you are.

 

Wed, 02/29/2012 - 13:36 | Link to Comment The Gooch
The Gooch's picture

Ron Paul Punk Rock Anthem - http://www.youtube.com/watch?v=eWC_0jPFQ_Q

 

Wed, 02/29/2012 - 13:43 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke was told, "the Fed holds gold certificates; they are part of the Fed's reserves"....hmmmm.....

And I can't believe he looked over his shoulder like he doesn't know what he holds on his balance sheet.  What the hell is he doing with his time, if he doesn't even know what he holds on his balance sheet?!  Golfing with Obama?

Wed, 02/29/2012 - 16:10 | Link to Comment ATG
ATG's picture

Re Fed holding Treasury Gold Certificates worth trillions,

they were outlawed in 1933 and 1971 by unconstitutional FDR/Nixon Executive Orders,

then Congressional, Court and Corporate Union Monopoly Media enabling:

http://bit.ly/ACsFk3

Wed, 02/29/2012 - 13:41 | Link to Comment Bastiat009
Bastiat009's picture

Ron Paul is right, but most people on the planet believe that printing money is great.

Wed, 02/29/2012 - 13:44 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke just said, "President's Working Group".

Wed, 02/29/2012 - 13:46 | Link to Comment j0nx
j0nx's picture

Fallen on deaf ears. DWTS is on...

Wed, 02/29/2012 - 13:48 | Link to Comment dime2962
dime2962's picture

Funny how that idiot Frank decided to talk about a negative upward trend like it was job growth the day Obama took office meanwhile Paul decided to talk about how wealth is stolen from the middle class on a daily basis in such a simple way. 

Wed, 02/29/2012 - 13:55 | Link to Comment Miles Kendig
Miles Kendig's picture

You see, it's always the same

There's no stopping what can't be stopped

No killing what can't be killed...

You can't see the eyes of the demon

'till him come callin'

This is dread mon

Truly dread...

Prepare yourself

http://www.youtube.com/watch?v=puD1xnS831U

Wed, 02/29/2012 - 13:54 | Link to Comment azzhatter
azzhatter's picture

Great message but poor messenger. I like RP a lot but he needs to go feral on this asshole Bernanke

Wed, 02/29/2012 - 14:17 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

I bet you that DHS has General Dynamics(spelling?) monitoring Ron Pauls temporment and social media contacts.

Wed, 02/29/2012 - 14:13 | Link to Comment digalert
digalert's picture

When Paul pulled out that siver bullet I'll bet half in attendance shit. A silver coin? How did Ron Paul get that coin past security?

 

Ron Paul 2012

Wed, 02/29/2012 - 14:34 | Link to Comment mick_richfield
mick_richfield's picture

Next time ( if there is one ) he should press it into Bernanke's palm, and see if it burns his flesh.

Wed, 02/29/2012 - 14:14 | Link to Comment agrotera
agrotera's picture

soooo...news for today:  the PPT hits gold and silver hard as an answer (threat) to RP's honesty.

Wed, 02/29/2012 - 14:16 | Link to Comment Marley
Marley's picture

"People lose trust in the government because you lie to them about inflation"

Yes, while true doesn't go far enough, at all.  People lose trust in government because individuals:

Lie to start nation building,

Lie about WMD's.

Lie about torpedos in the water.

Lie about nuclear bomb building.

Lie about taxes.

Lie about the need to back stop financial pigs.

Lie about corporations being people.

Lie about security.

Lie about separation of church and state.

Lies generated by psuedo religous, government hating, pin-heads, grape juice anyone?

The list goes on forever.  Governments don't lie, people in government do.

Wed, 02/29/2012 - 14:23 | Link to Comment Olympia
Olympia's picture

 

.

 

Wed, 02/29/2012 - 14:23 | Link to Comment Olympia
Olympia's picture

Those who won all battles shall lose the war. Bilderberg Group and the crimes against humanity.

 

In 1991, when George Bush senior attacked Iraq and tried to establish the New World Order, has actually provoked a World War. A war the human kind has never seen before; a world war that may not have had the provocative blood-letting of the previous wars, nevertheless its consequences were equally bad for all the peoples. A financial world war, the consequences of which may not have been dead or amputated men and ruins, but in any case they were equally disastrous for both the peoples and the environment.

 

http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

 

.

Wed, 02/29/2012 - 15:33 | Link to Comment Mary Wilbur
Mary Wilbur's picture

.The New World Order came in to being at the end of WWII

Wed, 02/29/2012 - 21:33 | Link to Comment CoolBeans
CoolBeans's picture

Prior, I think.

But, while I never wanted to believe.

I believe...

I truly believe and I'm scared.  I'm scared for my family and my country.

Wed, 02/29/2012 - 14:18 | Link to Comment John Law Lives
John Law Lives's picture

This speech by Ron Paul is precisely why I believed he would not be the nominee of the GOP.  Ron Paul is brutally honest.  The GOP and the Democrats want stooges who tow the party line.  However, if Romney does win the general election in November, it would be nice to see Ron Paul be given some sort of position.  Maybe he could be appointed Secretary of Treasury.

Wed, 02/29/2012 - 14:23 | Link to Comment JLee2027
JLee2027's picture

Romney has no chance in hell.....he would continue this horror show of fiat money, debt slavery, inflation, expanding government, less liberty and endless wars.

None of the Ron Paul people are going to vote for him. We'll stay home.

Wed, 02/29/2012 - 14:48 | Link to Comment John Law Lives
John Law Lives's picture

Nobody here is defending Romney or his policies.  However, it does appear likely he will be the GOP nominee.  He may lose in November, but plenty of bad things can happen before November that could hurt Obama's chances.

 

"None of the Ron Paul people are going to vote for him. We'll stay home."

If Rand Paul and Ron Paul both decide to publicly support the GOP nominee (assuming it is not Ron Paul), would you still hold that position?

 

Wed, 02/29/2012 - 15:39 | Link to Comment JLee2027
JLee2027's picture

Neither Paul will ever support Romney. If you think differently, you don't understand.

Wed, 02/29/2012 - 16:47 | Link to Comment John Law Lives
John Law Lives's picture

"Neither Paul will ever support Romney. If you think differently, you don't understand."  - JLee2027

JLee2027,

There has been significant discussion as to whether Ron Paul would consider running as a Libertarian for POTUS this year.  Some pundits believe Ron Paul will not run as a Libertarian because it would put Rand Paul in a precarious position if he were to publicly support his own father over the GOP candidate.  Therefore, it is presumptuous of you to declare that neither Paul would ever support Romney if Romney is the GOP nominee (assuming Ron Paul doesn't run as a 3rd Party candidate).  If Rand Paul wants to have a career in the GOP, is seems unlikely he will alienate himself from the GOP by refusing to publicly support the GOP nominee in November.

Wed, 02/29/2012 - 18:42 | Link to Comment Cathartes Aura
Cathartes Aura's picture

y'know, you've identified a trend here. . .

Some pundits believe Ron Paul will not run as a Libertarian because it would put Rand Paul in a precarious position if he were to publicly support his own father over the GOP candidate. 

first, for Ron Paul to run as a Libertarian, do you mean on behalf of the Libertarian Party, or as an "independent" that calls himself "libertarian"?  I ask simply because Paul is campaigning as Republican, and his career has been within the Republican Party - should he decide to call himself something else, some of his beliefs will be called to scrutiny, given that "libertarian" appears to represent individuals, before they're grouped into categories. (I say "appears" based on reading many sites, and their language - so it's theoretic until applied).

If Rand Paul wants to have a career in the GOP

now THIS is an important thought to apply critical thinking to, IMO. . . the mode of "career" Republicans.

Wed, 02/29/2012 - 18:59 | Link to Comment John Law Lives
John Law Lives's picture

"First, for Ron Paul to run as a Libertarian, do you mean on behalf of the Libertarian Party, or as an "independent" that calls himself "libertarian"? I ask simply because Paul is campaigning as Republican, and his career has been within the Republican Party - should he decide to call himself something else, some of his beliefs will be called to scrutiny, given that "libertarian" appears to represent individuals, before they're grouped into categories. (I say "appears" based on reading many sites, and their language - so it's theoretic until applied)."  -  Cathartes Aura

Ron Paul resigned from the GOP in 1987 and campaigned for POTUS on the Libertarian Party ticket.  I, for one, do not believe Ron Paul will follow the same course of action in 2012 as he followed in 1987.  I personally don't believe he will pursue the office of POTUS in 2012 if he is not the GOP nominee.  However, if he were to run for POTUS outside the GOP, I don't know if he would prefer to run as a "Libertarian" or an "Independent".

Wed, 02/29/2012 - 19:46 | Link to Comment Cathartes Aura
Cathartes Aura's picture

appreciate your taking a moment to reply to my post. . . I'm of the opinion that Ron Paul taking a stance and stepping back from the GOP in principle would lend him more credibility as "independent" of their agenda - but realise how the voting system works, both for and against those who participate in it.

and I also realise there is no real "libertarian" unity, just versions, as is expected by political parties.  at least the "independent" tag can be utilised more honestly, as in "independent of the others" running.

Wed, 02/29/2012 - 15:31 | Link to Comment Mary Wilbur
Mary Wilbur's picture

Another four years of Obama and Holder. Your mad.

Wed, 02/29/2012 - 15:39 | Link to Comment JLee2027
JLee2027's picture

You don't get it do you?

Romney is no different than Obama in what really matters.

Wed, 02/29/2012 - 18:16 | Link to Comment boiltherich
boiltherich's picture

I would go further and say both Romney and Sanitorium are WORSE than Obama in what REALLY matters, and both will make you join their cult as well.

Wed, 02/29/2012 - 15:29 | Link to Comment Mary Wilbur
Mary Wilbur's picture

Why not make him Chairman of the Fed and have him preside over the demise of the fiat money system and the creation of a new system.

Wed, 02/29/2012 - 16:03 | Link to Comment ATG
ATG's picture

Let's do a search of Ron Paul vote fraud shall we?:

http://bit.ly/xRdhO3 5:12

The good Doctor's honesty actually won him at least five states so far,

where his votes were not counted.

His turnouts dwarf Gingrich, Romney and Santorum combined:

http://bit.ly/w44jMW

It's all about committed, not uncommitted delegates, where RP was #2 despite the worst efforts of corporate union monopoly media:

http://bit.ly/y32GUs

His committed delegates may come through with others on the second round in Tampa,

even with a Chris Christie or Jeb Bush backroom putsch,

putting Ron Paul on the November ballot where he can win instead of Romney.

The only way to prevent election fraud is massive turnouts with exit polls and precinct monitoring...

Wed, 02/29/2012 - 16:51 | Link to Comment Widowmaker
Widowmaker's picture

If Paul touches any motherfucker-Bush I won't vote for him.

Bush is the kiss of death for Paul.

Wed, 02/29/2012 - 14:20 | Link to Comment JLee2027
JLee2027's picture

Sometimes I wish Ron Paul would make a scene by screaming and pointing fingers, it would be on all the national news and wouldn't hurt his polling numbers.

Wed, 02/29/2012 - 15:47 | Link to Comment tiwimon
tiwimon's picture

I always wonder exactly the same thing - why either the politicians's or media neither ask the hard pointed questions. We need sharp, pointed questions forced upon those in the know like Bernanke to pierce the lies and reveal the truth, and drilling into them till the truth comes out and not the bull shit.ake.. they spew. Even the ones at the leading edge like RP, well, they either lack a tiger tenacity and the intimidation factor to pry out the truth or they are paid to be the counter agents, loooking like they are trying to reveal the truth, in a guise to quell and appease those of us that know whats going on and leave those like us hanging on in hope the real truth will be revealed...

 

/Can we not have politicians like those in the UK that stand up, scream, point out the liars and stab them with pointed truth filled shouts, and continue asking question upon question and not just allow a single BS answer with a passion and determination that is sorely needed if any are to turn this ship around? I fear there is no one left able to do it, not a one can 'nut up', for lack of will, intelligenece or whatever.

Wed, 02/29/2012 - 18:14 | Link to Comment css1971
css1971's picture

Well, there's UKIP.

Farage & Co.  Other than that they are just as owned as the US politicos.

Wed, 02/29/2012 - 21:28 | Link to Comment CoolBeans
CoolBeans's picture

To a degree, yes - I know what youmean...but the other side would accuse him of being infirm, etc.  Nasty politicians and their minions...

Wed, 02/29/2012 - 14:21 | Link to Comment roadhazard
roadhazard's picture

I can't believe anyone who is for Paul would go to the polls in Nov. if he is not on the ballot. I plan on Not voting. No reason I should give one side or the other the belief that I condone what they are about. Voting is a sham, they are all alike.

Wed, 02/29/2012 - 15:46 | Link to Comment ATG
ATG's picture

Not voting means four more years for 0.

That might hasten the DC Fed collapse...

Wed, 02/29/2012 - 17:52 | Link to Comment Temporalist
Temporalist's picture

 

George Carlin Doesn't vote

http://www.youtube.com/watch?v=xIraCchPDhk

 

Wed, 02/29/2012 - 14:24 | Link to Comment Catullus
Catullus's picture

I wish he would have done this to Greenspan. Bernanke has always been a pushover academic. Greenspan was the ultimate no talent porch monkey to the power elite. AG was the real apologist for the money printing. Bernanke speaks in the academic "inflationary pressures" like he's observing the weather patterns.

Wed, 02/29/2012 - 15:45 | Link to Comment ATG
ATG's picture

At least Greenspan advocated gold:

http://bit.ly/zbAU5g

Wed, 02/29/2012 - 15:55 | Link to Comment Catullus
Catullus's picture

Which makes it all the worse in my mind. Bernanke never had such an inclination. He's been wrong, but not dishonest about how he's misinterpreted economic events. It's consistent with the modeling he's using. It's just epistemologically incorrect.

Greenspan knows what gold is and the role it plays and the implications for liberty. But he chose the other path. He sold himself out to be close to that inner circle and rub shoulders with the elite. But they don't let the money printer into the circle. He was only ever their errand boy. To tell him this probably hurts Greenspan the most. The knowledge that you're not in.

Wed, 02/29/2012 - 14:34 | Link to Comment jmcadg
jmcadg's picture

Blimey Bwarney, your tongue was so far up Bernanke's arse, I could hardly understand what you said.

Banished to the spare bedroom tonight with breathe like that!

Wed, 02/29/2012 - 14:38 | Link to Comment twotraps
twotraps's picture

Pathetic to see Bernak sitting there smiling away.  Honestly, the intervention and accounting gymnastics have so bent what is 'normal' no one knows what to do. Yes, the dow hit 13k, but we have no volume at the highs in an HFT dominated world....its like a huge lull in activity that happens to be at the highs while we wait for the next big thing!  4 yrs later, its getting expensive sitting out but I still feel that losign the least will be an awesome option when it kicks off.

Wed, 02/29/2012 - 16:57 | Link to Comment Zero Govt
Zero Govt's picture

you mean Ron Paul is pathetic right?

..that he can't mount anything but firing blanks at Bubble Ben who barely broke a casual stride throughout this 'grilling' by a gumless pup

Wed, 02/29/2012 - 14:40 | Link to Comment keeping appearances
keeping appearances's picture

When I listen to either Barney Frank, Chris Dodd, Ben Bernanke, Alan Greenspan, Larry Summers, Lloyd "Squeakie" Blankfein, et al.... My skin crawls... Does yours?  AS a retired probation officer I used to supervise and monitor sexual offenders and I get the same feeling when I listen to these listed "gentlemen", then when I was reading a police report how a sexual predator had molested a small child with utter revulsion and prevailing thought of, what or who is behind the mask? And, what are they capable of doing left unsupervised... I can't help thinking how these so called Masters of the Universe have molested America.

 

Wed, 02/29/2012 - 14:46 | Link to Comment MeanReversion
MeanReversion's picture

The same guy who is playing footsie with Mitt Romney?  No thanks.  Ron Paul lost the plot by aligning himself with Romney.

Wed, 02/29/2012 - 15:17 | Link to Comment faustian bargain
faustian bargain's picture

Gonna need to see some proof on that.

Wed, 02/29/2012 - 15:36 | Link to Comment ATG
Wed, 02/29/2012 - 14:49 | Link to Comment azzhatter
azzhatter's picture

Ben, a question here. "In regards to Timmay, are you a top or a bottom?"

Wed, 02/29/2012 - 16:47 | Link to Comment lakecity55
lakecity55's picture

Timma's a catcher.

Wed, 02/29/2012 - 14:51 | Link to Comment Clark Bent
Clark Bent's picture

I'd have preferred some questions regarding how much US debt has been purchased by the Fed, and where did they get the money to buy those treasuries. I'd like to hear asked whether the real contraction of the economy and decrease in GDP (factoring out government (over)spending) disturbed him, and how he planned to fulfill the fed's obligation to support full employment. I'd like to ask him to explain to Seniors why his depressing the interest rates, resulting in ther losing money on their retirement income is needed. I'd lie to ask how he thinks that it is more efficient to backstop failed banks to the detriment of well-run competitors. There are a great many things I would like to ask Bernanke, rather than simply filibuster way over the head of the average voter. Ron Paul is not making the effective arguments. I would be very skeptical about him going up against Obama. 

Wed, 02/29/2012 - 15:23 | Link to Comment ATG
ATG's picture

How many working American voters watched this?

It may never see the light of monopoly media day or nightly news unless it bleeds and leads.

Unlike the other three corporate neoCon RINO candidates,

Ron Paul consistently beats 0 in the polls with crossover D and I votes like Reagan,

most recently the Rasmussen poll,

despite the RNC fix not counting his actual state caucus votes.

The Good Doctor has more committed delegates than any other candidates

with their uncommitted beauty contest delegates.

Because 1144 delegates are not possible, there will be no first round candidate.

It will be a brokered Convention in Tampa,

and heaven help US if the freed GOP delegates on the second round do not vote the only actual supporter of our Constitution:  

http://bit.ly/AqEhoK

Wed, 02/29/2012 - 16:46 | Link to Comment lakecity55
lakecity55's picture

I think he could win because the media whores say he can't. They're too busy competeing to suck Barry's pole.

The GOP and the DNC are owned by the same smarmy reptilians.

The People must strike back.

Wed, 02/29/2012 - 15:24 | Link to Comment Mary Wilbur
Mary Wilbur's picture

Ron Paul is not going up against Obama.

Wed, 02/29/2012 - 14:58 | Link to Comment absente reo
absente reo's picture

I thought this was supposed to be Bernanke answering questions.  QUESTIONS.  Ask a bloody question Ron Paul.  Try asking many.  You might get further than just going off on a directionless rant.

Wed, 02/29/2012 - 15:19 | Link to Comment faustian bargain
faustian bargain's picture

Uh, no. Bernanke isn't going to answer any questions of significance from Ron Paul.

Wed, 02/29/2012 - 15:15 | Link to Comment ATG
ATG's picture

We've got them on the run.

Now let's finish the job by taking back our country:

http://bit.ly/yoLzRk

Wed, 02/29/2012 - 15:25 | Link to Comment kragsquest
kragsquest's picture

This is the first time in memory Benanke's speech has actually caused the PMs to go down.  And it is costing Ron Paul real money because he is 100% in.

Give 'em hell, Ron!  The damned commies.

Wed, 02/29/2012 - 15:29 | Link to Comment Genzero
Genzero's picture

Ron Paul and these hearings are an inconvenience to Bernanke et al. After pulling off the biggest heist in history, the fuckheads from 2008 have either been promoted or at the very least, been re-confirmed. No one got a perp walk. No one got one between the eyes. Every regulatory proposal got thwarted. And they continue to operate with impunity and secrecy, under the pretext that it's in our benefit.

They simply dont give a fuck. And they're counting, nay relying on the fact that we'll bitch and moan but do nothing.

Wed, 02/29/2012 - 15:31 | Link to Comment swanpoint
swanpoint's picture

awwww FUCK

Wed, 02/29/2012 - 15:32 | Link to Comment WhoMe
WhoMe's picture

I love Ron Paul and I'm not even American. The problem is the FED and it's toxic money printing is creating inflation around the world. They are a pariah.

Wed, 02/29/2012 - 15:38 | Link to Comment WhiteNight123129
WhiteNight123129's picture

Do not be too pessimistic my American Friends, at least you have someone raising the alarm bell about the whole topic so that when hyperinflation kicks in you have the political seeds already sown, and the warnings in advance will make people embrace Gold quickly and allow it to save the US before the cliff. Many Europeans do not ahve the luxury of having one sound political voice in the middle of the idiocy. I would not be surprised if Ron Paul ends up on your Mount Rushmore after his death. I think that once the US comes back to Gold, first US will be a wreck,

Wed, 02/29/2012 - 15:41 | Link to Comment ATG
ATG's picture

EU limiting gold purchases already, leaving silver for the volks:

http://thenewamerican.com/world-mainmenu-26/europe-mainmenu-35/9161-gold...

Wed, 02/29/2012 - 16:01 | Link to Comment WTFisThat
WTFisThat's picture

wow just wow fuck

Wed, 02/29/2012 - 15:43 | Link to Comment MrBoompi
MrBoompi's picture

Paul works for an institution that relies on its partnership with its central bank to cover all excess spending through the issuance of debt, and collecting on the debt+interest through the hidden tax of inflation.  Most of the money being created these days is going towrds payments on soveriegn debt that might otherwise default, to fuel equity markets, and recapitalize weak banks.  Almost none of it is going to productive use, ie a use that would lead to job creation or increased wages.

But Paul is right.  The government and the Federal Reserve do not tell the truth about inflation.  Using the BLS as defense only shows the emptyness of Bernanke's response regarding the actual rate of inflation.  The government is in bed with the Federal Reserve.  This has been going on for 100 years.  $1 didn't become 4 cents overnight.

You mess with this system, you mess with the real Powers.  Good luck with that.

Wed, 02/29/2012 - 16:47 | Link to Comment ATG
ATG's picture

re "Paul works for an institution that relies on its partnership with its central bank to cover all excess spending through the issuance of debt, and collecting on the debt+interest through the hidden tax of inflation."

Fact check:

Ron Paul is one of the few in DC who actually works for the Bill of Rights, Constitution and their Constituents, We The People, and has not voted for debt usury inflation...

http://en.wikipedia.org/wiki/Ron_Paul

Wed, 02/29/2012 - 15:45 | Link to Comment zebra
zebra's picture

to GOP: only Ron Paul will get my vote, if GOP nominate anyone else, Obama will just LHAO and win.

Wed, 02/29/2012 - 15:49 | Link to Comment PatBateman
PatBateman's picture

I don't think RP appreciates the problems that come with being on a gold standard (i.e. difficult to fight unemployment, difficult to enact monetary policy, the economy can grow only as far as the physical gold that backs it.) I wish he held up that piece of silver back at the end of 1998, he would of said it lost 23% of its value since 1985. So how is this gaining purchasing power?

Wed, 02/29/2012 - 16:54 | Link to Comment ATG
ATG's picture

The Constitutional Gold and Silver standard our Founding Fathers wrote into our Constitution after they saw the Spanish Silver Dollar outlast the Continental paper currency, prevents government from fondling and screwing our assets.

What about all the productive people screwed by government since 1913, 1933, 1963 and 1971?

Sound money is the only real way to restore our economy.

Debt usury inflation led to defaults and depressions since Biblical times, usually about every 50 years:

http://en.wikipedia.org/wiki/Jubilee

 

Wed, 02/29/2012 - 15:50 | Link to Comment samwell
samwell's picture

I am surprised bernanke didn't start hissing when RP pulled out the silver dollar.  Vampires hate silver

Wed, 02/29/2012 - 15:54 | Link to Comment PatBateman
PatBateman's picture

I think you mean werewolves hate silver.

Wed, 02/29/2012 - 16:47 | Link to Comment Loyal2Liberty
Loyal2Liberty's picture

Vampire Banksters hate gold, silver... oh and freedom too.

Wed, 02/29/2012 - 18:44 | Link to Comment non_anon
non_anon's picture

nah, they love gold and silver, but hate it in others hands.

Wed, 02/29/2012 - 15:54 | Link to Comment PatBateman
PatBateman's picture

I think you mean werewolves hate silver.

Wed, 02/29/2012 - 16:01 | Link to Comment Johnk
Johnk's picture

Anybody else think Ben might have committed perjury on his first answer to Ron Paul today? 

RP: "Do you shop for your own groceries?"

BB: "Yes."

 (or was he not sworn in?)

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