Ron Paul confronts Fed Chairman

At the House Financial Services Committee hearing yesterday, Feb. 29, Ron Paul socked it to Federal Reserve Chairman Ben Bernanke.

At around the 3:50 mark, Paul asks Bernanke if he does his own shopping, if he is aware of what true inflation is, and if he knows that Americans don’t trust the government because they are being lied to about inflation. Then Paul delivers this zinger: “The Fed will self-destruct anyway when the money is gone.”

H/t ZeroHedge

See my post “Steep rise in food and gas prices under Obama” and Sagebrush’s “The Truth About the Federal Reserve.”

~Eowyn

2 responses to “Ron Paul confronts Fed Chairman

  1. The sad part is that people and the media keep saying that Ron Paul is crazy, when it is the American people that are crazy and STUPID. They are going to elect another IDIOT MONKEY on some ELITIST chain and that will be the end of America, UNLESS the US Marines step in and put an end to this Regime, and restore our Constitution, and get rid of the Socialist in our government! Semper Fi.

  2. lowtechgrannie

    All you have to do is look at the rising prices to know how inflated the currency is. Gas, coffee, sugar, meat, dairy products, grains, public utilities…. the list goes on and on!

    In 1965 the minimum wage was $1.35 per hour. Most households were supported by one wage earning father because mothers were homemakers. An economical family of 6 could live on $6,000 a year.

    The price of bread was 5 loaves for $1.00 in 1965
    Gas was around 28 cents a gallon.
    The Leeds Shoes stores prices ranged between $1.99-$5.99 a pair
    The price for a movie was 50 cents in the evening and 35 cents for matinees
    A dental check up was around $20.00 – Fillings were $10.00 each

    That’s just off the top of my head.

    In 1973 Nixon took us off the gold standard – shipped all the gold to the Bank of International Settlements and the cost of living has been on a oneway trajectory ever since.

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