This historic moment happens from second 31 to second 45 and took place on April 14.
VIDEO: Congressman Ron Paul questioned Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing The Economic Outlook.Here's the transcript of the most important part:
Ron Paul: "Well, where did you get the money? You created this money."
Bernanke nods in agreement.
Ron Paul: "So you did monetize debt, and that went into the banking system."
Bernanke nods in agreement.
Read more on "monetizing the debt" in this earlier post.
USAWatchdog.com has a good round-up on the money printing excesses of the Fed.
0 comments
Post a comment