Yeah… that’s a “No DUH”!
Ole Ben Bernanke would like to keep the “BIG Lie” going but Dr. Paul has him in “panic mode”…
Stay the course and we will take back “the Republic” from these Fascist Bankers…
God Bless and Protect the GOOD Doctor! joe
Fed Audit Will Show What They’re Hiding
RonPaul.com
By tmartin August 1, 2009In this speech to Congress, Ron Paul refutes Ben Bernanke’s interpretation of HR 1207, the bill to audit the Federal Reserve, and explains why only an audit will protect the public’s interest.
Date: 7/30/2009
Ron Paul: Mr. Speaker, the big guns have lined up against HR 1207, the bill to audit the Federal Reserve. What is it that they are so concerned about? What information are they hiding from the American people? The screed is: transparency is okay except for those things they don’t want to be transparent.
Federal Reserve Chairman Ben Bernanke, argues that HR 1207, the legislation to audit the Federal Reserve, would politicize monetary policy. He claims that monetary policy must remain independent, that is; secret. He ignores history because chairmen of the Federal Reserve in the past, especially when up for reappointment, do their best to accommodate the president with politically driven low interest rates and a bubble economy.
Former Federal Reserve Board Chairman Arthur Burns, when asked about all the inflation he brought about in 1971 before Nixon’s reelection, said that the Fed has to do what the president wants it to do, or it would lose its independence. That about tells you everything.
read the rest here…RonPaul.com
Related posts:
