Please share, vote & comment! www.RonPaul.com 11 The remarkable confluence of recent events has brought unprecedented but very welcome attention to both US monetary policy and the global political economy in general. First, Federal Reserve Board Chairman Ben Bernanke recently announced that the Fed would embark upon another round of monetary easing by purchasing $600 billion worth of US treasury debt. This amounts to admission that markets have run out of patience with our profligacy and therefore our own central bank literally must serve as the buyer of last resort for treasury debt. Second, World Bank President Robert Zoellick openly suggested that gold could play a helpful role in the global monetary system by serving as reference against more volatile fiat currencies. This is almost heresy coming from a neoconservative globalist like Mr. Zoellick. It hints at an obvious but unspoken truth that is anathema to politicians and central bankers alike, namely, that gold could be viewed as money. Finally, Mr. Obama attended the G20 summit in South Korea last week and found a very chilly reception for his vision of American economic policy. Mr. Obama argued for continued worldwide stimulus via continued debasing of the US dollar to bolster American exports. Several powerful European and Asian finance ministers however rejected this approach out of hand as nothing short of a currency war. They are committed to austerity measures at home and don’t want to let the US simply …
Posts Tagged Fed’s
QE2: The Fed’s Last Stand?
Nov 17
11/08/2010 – www.RonPaul.com Ron Paul weighs in on the Federal Reserve’s last-ditch plan to boost the economy by printing more money. — Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, a return to sound monetary policies, and a sensible foreign policy that puts America first. For more information visit the following websites www.RonPaul.com http www.CampaignForLiberty.com http www.DailyPaul.com http www.RonPaul2012podcast.com
Please share, vote and comment! – www.RonPaul.com – 11 Ron Paul will chair one of the committees that oversees the Federal Reserve. Should Ben Bernanke be worried? — Ron Paul is America’s leading voice for limited, constitutional government, low taxes, free markets, a return to sound monetary policies, and a sensible foreign policy that puts America first. For more information visit the following websites: www.RonPaul.com http www.CampaignForLiberty.com http www.DailyPaul.com http www.RonPaul2012podcast.com
Alex welcomes back Ron Paul, Republican Congressman for the 14th congressional district of Texas, former presidential candidate, founder of the advocacy group Campaign for Liberty, sponsor of the Federal Reserve Transparency Act of 2009, and author of the best-selling book The Revolution and End the Fed. www.campaignforliberty.com prisonplanet.tv
www.RonPaul.com – 04 Congressman Ron Paul questioned Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing The Economic Outlook. Topics of discussion included debt monetization, the Greece bailout, and where all that money is coming from.Ron Paul is America’s leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. For more information visit the following sites: www.RonPaul.com http www.house.gov www.YALiberty.org http www.RonPaulForums.com
Alex welcomes back Ron Paul, Republican Congressman for the 14th congressional district of Texas, former presidential candidate, founder of the advocacy group Campaign for Liberty, sponsor of the Federal Reserve Transparency Act of 2009, and author of the best-selling book The Revolution and End the Fed. www.campaignforliberty.com prisonplanet.tv
