Ron Paul’s Final Questions for Fed Chairman Ben Bernanke

Wasn't sure as to where to place this thread, I felt this was the most appropriate, mods please move if necessary!

Ron Paul’s Final Questions for Fed Chairman Ben Bernanke
Written by Bob Adelmann


www.thenewamerican.com...

Tomorrow is his last chance to ask such questions. Here are some proposed questions the Texas congressman might consider in his efforts to expand the conversation about the Fed and extend citizens’ understanding of the Fed’s role in destroying the dollar and creating the business cycle of booms and busts, especially the current one.

So, the following are questions proposed for Ron Paul to ask:

First question: “Mr. Chairman, one of the roles of the Fed is to maintain a stable dollar. Would you explain, once again, for the benefit of myself and for the committee, how the Fed has managed to meet that role in light of the fact that, according to a popular web-based inflation calculator, it would take $2,317 in today’s money to buy what just $100 would have bought a hundred years ago? Just how do you explain that, please?"

Second question: “Mr. Chairman, what is your understanding of the difference between real money backed by gold and silver versus the paper money that has no backing today? Specifically, what actually backs up the paper money in our system today?"

Third question: “Mr. Chairman, can you explain for us the morality involved when the Fed creates new money, which it then lends out to its member banks on which those banks charge interest? In other words, what is the morality of charging interest on money created out of thin air?”

Fourth question: “Mr. Chairman, a year or so ago Huffington Post did an extensive analysis of the Fed’s role in quashing dissension by buying up most of the economics profession through contracts, grants, or other financial incentives. For instance, over a three-year period ending in October 1994 the Fed awarded $3 million in contracts to some 200 professors, while in 2008 the Fed spent $389 million for those same services, a number that, according to HuffPost, jumped to $433 million in 2009.

Please explain for the committee how this expenditure advances the understanding of monetary policy when all it appears to be doing is advancing the cause of the Federal Reserve?”

Fifth question: “In light of our current economic weakness — as you carefully noted yesterday in your testimony in the Senate — and your promise made back in 2002 when you said:

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna [Friedman]: regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.

And yet an increasing number of indicators are showing that we are in fact headed back into another recession. Can you explain what exactly you have learned in the meantime, and why what you are doing isn’t keeping us out of another one? “

Final question: “Mr. Chairman, in that same testimony before the Senate yesterday you reviewed our current dismal economic situation, but then reiterated the decision made by the Federal Open Market Committee (FOMC) in June that — quote — ‘it is prepared to take further action as appropriate to promote a strong economic recovery….’ Just what additional actions is the Fed going to take that it hasn’t already taken which haven’t worked?”

There is little likelihood that any of these questions, or variations on them, are likely to be asked by the good representative from Texas. He is too much a gentleman for that. But the questions that he is likely to ask will be carefully crafted to extend and expand the conversation and the understanding of the destructive role the Fed has played, and continues to play, in the current economic environment. Because Paul has a long-term view of history and his role in creating such understanding, he is optimistic:

We’re making inroads. We have a younger generation right now that’s more informed about the Federal Reserve than I ever dreamed would happen.

Thank you, Mr. Paul, for your role in creating that greatly improved understanding among that younger generation. May your last conversation with the head of the Fed by a memorable one!

So now I ask... What one question would you ask Ben Bernanke if given the chance, and the world as your audience?

I'd ask:
"How does risk management become accurately assessed, when there is a complete lack of responsibility which results from creating money out of thin air?"

I would ask...

"why is the Fed and Govt purposfully destroying the dollar and to what ends?"


or--

"why does anyone think that it is a good idea or *Legal* to keep borrowing money that we can not possibly pay back?"

Im sure he will have a better question- that was just off the top of my head =)

MY question would be
Mr Bernanke, what was your and Mr Geithners role in the HSBC 15 trillion dolar scam which was pulled off under your and Mr Beithners signature????
Follow up would be
Wheres theTEN TRILLION OF PROFIT which that non existant money earned, and whos going to end up with it?
This is an outrage nobody seems to care about......It has been literally swept under the carpet in all news casts......

Damn- sup with this thread not getting attention?

BUMP!

This thread is not getting any attention because of this:

[what follows must not be considered as anything but my own damn opinion]

From the perspective of the Supranational Financial Cartel no attention must be drawn to the fact that their entire might is based upon wealth we give them... at no cost to them at all. Therefore, while such deliberate scrutiny is applied to the Achilles heel of the viability of American capitalism, other "more distracting" events are constructed to draw the citizens' minds from it.

We have deliberate drama in Syria (along with the predeclared intention of using "propaganda" even domestically, in this regard), we have volatile situations involving Israel and Iran (both barking like mad dogs), we have political circus on display with hints at racial 'issues' being raised on the floor (within one party no less). We also have various and sundry means to ensure that the last thing citizens will do is sit down to watch CSPAN.

And remember, Economist and Professors tells us how magical and esoteric is their field of study.. that mere mortal citizens can't be made to understand it's complex and god-like subtlety. Our media routinely displays sharp, beautiful, or charismatic people to explain how the "system" requires "confidence" in the "market."

People aren't engaged here because everyone accepts the faith of Keynesians, or Austrians, or Star-folk from Gamma Hydra IV.

The truth is, the lie is so big, the scam so obvious, and the "wisdom" of bankers so bankrupt of social morality, that no one would believe just how fooled they have been - and for how long.

People would realize that this isn't simply about "distribution of wealth" .... it goes far beyond that.

This banking cartel that can be said to virtually rule the world starves millions, creates wars - both civil and international.

They have the singular mandate of the corporate motto "No liability." In addition they assume no risk, and gain pure profit.

And by the way, no one can question or challenge their profit - regardless of its absurdity..... (sounds like royalty no?)

Consider this, they have made trillions from American citizens alone already... would they allow that to be fundamentally threatened? Not as long as evil can be bought. I attribute this cabal and all its tentacles with the most inhuman of characteristics... they are "strigoi." They will not accept anything less than total domination, because "everything" isn't enough for them.

reply to post by Maxmars


well put.

reply to post by Maxmars


While it may take a while, what goes around usually comes back around. You can't produce that much negativity without it coming home to roost at some point.

reply to post by Maxmars


::applause::


So Maxmars- after that well put arguement of why people dont want to believe how royaly screwed they are, and how the charade that has been going on around them is real yet refuse to believe, then I ask you this one question...... how do you get people to understand the gravity of the situation and to become more involved in finding answers without being politically one sided and ignoring facts? (if that makes sense to you)..

also--

what would be your question to Ben B?

Originally posted by Common Good
reply to post by Maxmars

 

...... how do you get people to understand the gravity of the situation and to become more involved in finding answers without being politically one sided and ignoring facts? (if that makes sense to you)..

also--

what would be your question to Ben B?

I will try to answer (and ask).

How to get people to 'see' and 'comprehend?' Several people have made excellent headway in bringing this topic forward for public scrutiny, and have been doing so for years... but somehow it doesn't 'take' on a meaningful scale. There is a lot of direct intervention by the media, and 'whomever' pulls those strings, to create a narrative that this problem is monumental and of such a nature that only the indoctrinated priests of economics can tackle it. So even they can't ignore the matter.

As I have stated earlier, there is only so much propaganda and social-engineering that you can rely upon to hide facts which are increasingly self-evident.

The key to the central banking cartel's strength lies in a triad of conditions... 1 - effective governmental apathy, 2 - legal constructs, and 3 - influence and manipulation of public trust and attention..

The first, "governmental apathy," is actually a charade carried out by those to whom the proverbial "wealth" is trickling down. The infamous "trickle down" was a truth couched in a lie. Whether public servants (politicians) are aware (or care) about the reality is irrelevant. As long as the trickle down is real "to them" the Keynesian model is sacrosanct... the fact that the trickling down stops at them is immaterial to them. Hence they are effectively apathetic to alter the model which enriches them and their posterity.

Note how law-makers met in secret (swearing silence about the meeting agenda) just before the collapse became impossible to conceal. "Wall Street got drunk." indeed. The political gravy-train was in peril of exposure and that had to be addressed. After that meeting - the collapse of Lehman was effected... not by any particular action that made them more vulnerable than other firms, but because a deliberate decision was made by "leaders" to withhold support. It was a financial "controlled demolition" (I find that to have been a ironic echo of recent history.)

So the first strength is bolstered by the most influential and powerful among the political class. They orchestrate the political show and the resulting media narrative to make this 'loss' for the American people seem like it was a surprise; and an unavoidable and entirely "unforeseeable" event (again, the irony chimes here).

The first step in remedying this is to extend the liability to the political appointees and decision-makers who not only engendered the abuse, but sought to protect the perpetrators from public exposure. However these 'public servants' have teeth they are willing to use to bite anyone who "goes there." So we can't expect change from within or to occur spontaneously.

The second, "legal constructs" is a long-term strategy using the nation's (and each state's) legislated monopoly on access and representation in court. By limiting access to bring cases and represent claimants to only a specific class of self-regulated technocrats , they have reduced by many orders of magnitude the effort needed to block any inquiry. Even lawyers don't care much to be reminded that their's is a guild, and an elitist one at that. We almost lost it all when they began creating an incomprehensible language set to describe their precepts and transactions... but fortunately some interfered with their gobbledygook movement and restored at least some intelligibility to their "laws" and how they are structured and applied in jurisprudence.

"Corporations are people, my friend." is a huge part of the protection. As soon as an immortal - non-living mercantile operation gain privileges and access as "a person" we have diminished the potential and comparative ability of any living human person to challenge them. Note that corporations can't go to jail. And her leaders are almost totally devoid of personal liability for the actions made real by their "corporation." Freedom from liability was excused as protection against trivial and immoral abuses against corporations' assets, especially the public one's. Yet when applied at the "public servant" level - the "quasi-governmental" corporation has become little more than a venue for toxic opportunistic exploitation.

Since the political class now monopolizing the government are mostly corporate entities and law technocrats, they fear losing their protections... so in defending themselves, they defend supranational corporations like the global banking cartel... whose board members are mostly anonymous... to any meaningful degree.

(continued) .....

To combat the second pillar requires another "inside job." Right now, lawyers and the judges that herd them are uniquely places to raise the challenge which could weaken the 'super-class' status the corporations have, with the first thing being the extension of liability to board members and the creation of an explicit demand of specificity in corporate charters. Some degree of liability shareing must also be extended to states which host the corporate charters - some of which are so laughably vague and unclear as to be a mockery of the intent of charters in the first place.

Because the legal guild has monopolized the 'privilege' of practicing law, only they can address this issue meaningfully. The fact that none of them do is telling. It would be an invitation to be professionally destroyed by the BAR... or perhaps worse, depending on how effective they might estimate you would be. It would be like trying to inform jurors that they have a right to interpret the law - where most judges and loyal BAR member dispute that vehemently (in defiance of legal tradition and the spirit of American Jurisprudence.)

As long as the legal status quo is maintained (by the judicial system and the BAR associations across the globe) the 'game palyers' can change the rules and defeat justice at nearly every turn.

We need lawyers who can confront their own elitist culture to change the hermetic nature of the guild.. ideally, we should kill the guild entirely.

The final pillar "influence and manipulation of public trust and attention" is perhaps the most telling of our subjugation. We are a social species. We celebrate personalities and images. We respond to 'conformity' and 'ridicule' - and most importantly; we care what other people think. This element spills into the others and wraps them in the a veil of illusions... that certain politicans "know what they are talking about" ... that some people are "authorities" therefore we cannot question their precepts unless we are too. That ideas like "eliminating the Fed" is just conspiracy kook talk, and equates to something akin to anarchism and revolt.

Imagery is crafted and the verbiage of the narratives of the state of the nation or it's people are "produced" for "effect." Government "spokespeople' are rarely identified when stating anything contrary or revealing, and "beautiful" people are paraded before us with pagentry and resounding soundtracks to convey their monumental importance ... as they read from the teleprompter, or recite their lines. Politics is glorified as a 'heroic' thing - tied to national pride... yet we are in reality, not even party to what they actually do or plan. Meetings are 'closed door' and what passes for "news" are just reworded press releases approved and sanctioned for dissemination.

The media have been reduced to being whorish mouthpieces for people who, once again, are not liable for lies; not questioned for their 'productions' and repeatedly self-promoted as bastions of our society. People are repeatedly told what "we" (as in everyone) think... and it is in the nature of the trained "consumer' to simply consume the information as valid and meaningful. Celebrities are promoted to espouse ideas they have no business proselytizing. Even the most 'type cast' performers are presumed to be 'important' because they once played a good character in a movie, or they are exceptionally pretty or handsome.

This condition is one which arose out of the abandonment of education to a government which was already infiltrated by influence peddlers and people, who in another day and age, would have been tarred and feathered for their grotesque prostitution of truth. The common citizen has been removed from nearly every information source that could broaden their perspective, or deepen their understanding.


The recovery from this state of affairs relies on teaching becoming a vocation, not a profession... government service being a temporary duty... not a political career, and national monetary policy - not just fiscal policy - needs to be the domain of government, not private banking. In all of this, we require NO SECRECY. It is the withholding of information that has destroyed many peoples lives here... along with the perceptions (promoted by businessmen) that the country is a "business" and should be run as one. It is not a business... and shouldn't be run as one.


----- sorry for the walls of text...

My question to the Chairman of the Board of the federal Reserve System would be even less appealing than the ones we see above....

"Sir, Where is the money? Exactly where is it? Who has it? And how is it that we see hundreds of trillions in liabilities and 'bets' between financial institutions... when the money does not, in fact, exist anywhere at all?"

Maxmars has said it all, and is right on the money. Can't add anything to that, but I would have a question that would be impossible for Bernanke to answer. No matter how he answers, he is a bad guy, and that is kind of what we're going for right?

"Mr. Bernanke, are you rooting for the collapse of the Eurozone?"

If he says "yes" then he is a stingy, corrupt, elitest that has no concern for humanity.
If he says "no" then he doesn't care about how the economics of such a thing would stabilize the dollar, and elevate it back to the elite currency of the world, and combat inflation here at home.

Gas prices have been steadily falling this summer due to the Euro crisis. The talk of replacing the dollar on the global market has subsided. The talk of bailouts and and unsustainable interest payments and credit rating drops have all shifted from the US to the Euro. At this point in time, the best thing going on for the dollar is the Euro crisis. Better them than us. But of course no politician could openly say such a thing.

Ask him that simple question and wait for him to squirm out of it, and then catch him in every misstep and lie that follows.