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Dr. Ron Paul will be grilling Bernake on CSPAN at 10AM on 7/16
Ron Paul’s Campaign For Liberty » Blog Archive » Bernanke vs. Congress, Part II – Wed July 16, 10AM EDT (http://www.campaignforliberty.com/blog/?p=182 - broken link)
If it is anyhting like his past performance in questioning he will make more of a same old speech becuase he is not on Bernake's level. Bernake will as always sit there and listen politely to his same old speech.Then his fellow congressman will take over acually asking questions which is what the meeting is for ignoring Paul's political rethoric.
If it is anyhting like his past performance in questioning he will make more of a same old speech becuase he is not on Bernake's level. Bernake will as always sit there and listen politely to his same old speech.Then his fellow congressman will take over acually asking questions which is what the meeting is for ignoring Paul's political rethoric.
Yeah asking questions on the value of the dollar and how the American people have no clue on issues of our montery policy is so bad. Ron Paul was studying money since the 70's and looking for history to show where the Federal Reserve System has failed. Congress has the power to abolish the FED and they should aleast have some insight on what the international bank owners are doing. Why are they artifically lowering rates, destroying the dollar, why is congress letting them borrow from china. I think the American people should be proud that one congressman is actually doing his JOB. Appears other congressman will ask who is the FED going to bail out this week when they shouldn't have the power to begin with.
If it is anyhting like his past performance in questioning he will make more of a same old speech becuase he is not on Bernake's level. Bernake will as always sit there and listen politely to his same old speech.Then his fellow congressman will take over acually asking questions which is what the meeting is for ignoring Paul's political rethoric.
Ron Paul is one of the few politicos that actually asks the questions that need to be asked.
However, Bernanke will do what he has done previously, ignore him. Interestingly, last week Barney Frank acted as the troll basically moving Bernanke onto another member of the House Financial Services Committee before being required to answer Paul's questions.
Bernanke looks like one of those Pound Puppies that you see on paintings. He just sits there and reiterates his same old "lower the rates to improve liquidity" strategy mantra.
My question is as we approach a cost of funds of 0% what will be the next move to improve liquidity? -2% Fed Funds? Will the Fed Pay banks to borrow money and loan it out to sketchy businesses and consumers with bad credit?
The point of Bernake's performance is to keep the system intact until the election. Most of the big money should have been transferred to secure places by then. A market collapse before November would hurt the Republican bid for continuing the Bushanomics for another four years.
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