Ron Paul Gets Bernanke To Admit To Monetizing The Debt

Sep 15, 2012 at 12:44 PM
DailyBail in Debt & Deficit, National Debt, bernanke, bernanke, congress, congressional hearings, congressional video, congressional video, debt, debt, deficit, fed, federal reserve, monetizing the debt, money printing, national debt, national debt watch, qe, qe2, qe3, ron paul, ron paul, video

Paul asks Bernanke about QE2, and monetizing the debt.  Runs 20 seconds.

Bernanke nods in agreement.

"I want talk about monetizing the debt.  You mentioned in your statement that you bought MBS and agency debt.  And that's over $1.3 trillion.  Well, where did you get the money?  You created the money.  So you did monetize the debt."

Hmm, yesterday we showed Bernanke testifying under oath that he was NOT monetizing.

Watch: Bernanke Lies To Congress On Monetizing The Debt

 

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The full exchange from 4-14-2010:

On debt monetization, the Greece bailout, and who's funding the IMF.

 

Article originally appeared on The Daily Bail (http://dailybail.com/).