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« Ron Paul Asks Tim Geithner: 'Why Doesn't The Fed Eliminate The Middleman And Just Buy Debt Directly From The Treasury?" | Main | Ron Paul Gets Bernanke To Admit To Monetizing The Debt »
Saturday
Sep152012

Watch Bernanke Lie To Congress: Monetizing The Debt

Congressional Testimony June 3, 2009

Hensarling:

"Will the Federal Reserve monetize this debt?"

Bernanke:

"The Federal Reserve will not monetize the debt..."

---

Same hearing, full question from Hensarling:

Start watching at the 30-second mark.

"The Federal Reserve will not monetize the debt."

---

But wait, there's more.

Ron Paul asks Bernanke about QE2, and monetizing the debt in April 2010.

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."

 

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Reader Comments (5)

Does anyone know who this is in this clip.

http://www.youtube.com/watch?v=KYbllk6INJM

It's from testimony on July 18 of this year. He completely annihilates Bernanke, and I'm doing a post on it. Need his name.
Sep 13, 2012 at 3:19 PM | Registered CommenterDailyBail
Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

http://www.cnbc.com/id/49018964
Sep 13, 2012 at 3:23 PM | Registered CommenterDailyBail
While the stock market may be welcoming news of a new round of quantitative easing by the Federal Reserve, there was no joy among savers.

http://blogs.marketwatch.com/thetell/2012/09/13/qe3-offers-no-joy-for-savers/
Sep 13, 2012 at 3:27 PM | Registered CommenterDailyBail
"Does anyone know who this is in this clip?"

Rep. Scott Garrett (R, NJ-5).

http://garrett.house.gov
Sep 13, 2012 at 4:24 PM | Unregistered CommenterCheyenne
Thanks Cheyenne.
Sep 14, 2012 at 2:55 AM | Unregistered CommenterDailyBail

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