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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Eyeball Chambers on February 29, 2008, 07:09:10 AM
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Ron Paul: Bernanke Deliberately Destroying Dollar
Paul Joseph Watson
Prison Planet
Wednesday, February 27th, 2008
Congressman Ron Paul slammed Federal Reserve chairman Ben Bernanke during a House Financial Services Committee meeting today for following a policy of deliberately destroying the dollar and wiping out the American middle class....
http://www.infowars.com/?p=490
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I wouldn't say he's deliberately destroying it but more passively abandoning it. In his testamony a few days ago he basically asserted that maintaining the value of the currency was not his job.
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I wouldn't say he's deliberately destroying it but more passively abandoning it. In his testamony a few days ago he basically asserted that maintaining the value of the currency was not his job.
You mean he's a benchwarmer..... :'(
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You mean he's a benchwarmer..... :'(
not sure what they means in regards to the currency.
Bernake has said he's more concerned about a slowdown in the economy and preventing inflation (tough to do both since every time he lowers rates there seems to be corresponding drop in the value of the dollar and a rise in the price of oil). The lack of an orderly, two-sided credit market is a HUGE problem for our economy. The Fed has been doing short term loans from the discount window but it hasn't really helped at all.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ah7l3.7fU.iI