Ron Paul says Federal Reserve 'robbed' Americans of their wealth

Ron Paul says Federal Reserve 'robbed' Americans of their wealth (8)

Archived Articles | 09 Nov 2007 | EWR

Federal Reserve Chairman Ben Bernanke appeared before the Congressional Joint Economic Committee on November 8, but had to face criticism from Republican presidential candidate and Texas congressman Ron Paul.

Paul made accusations the Federal Reserve was stealing people’s money.

“There is a dollar crisis out and people’s money being stolen,” Paul said. “People who have saved, they’re being robbed. I mean, if you have a devaluation of the dollar at 10 percent, people have been robbed of 10 percent.”

Federal Reserve Chairman Ben Bernanke attempted to dispel the notion people were being “robbed” of their money by explaining the relativity of the dollar in a local economy.

“If somebody has their wealth in dollars and they’re going to buy consumer goods in dollars, then as a typical American … then the decline in the dollar – the only effect it has on their buying power is that it makes imported goods more expensive,” Bernanke replied.

(Jeff Poor
Business & Media Institute
Friday November 9, 2007)

Viimased kommentaarid

Kommentaarid on kirjutatud EWR lugejate poolt. Nende sisu ei pruugi ühtida EWR toimetuse seisukohtadega.

interesting12 Nov 2007 18:22

is Ron Paul such a threat to mainstream media and political elite ?
http://www.prisonplanet.com/ar...

Eetika ja põhimõtted loevad09 Nov 2007 13:13

Ron Paul on vähestest -kui mitte ainus - presidendi kandidaatidest, kes on eetiline ja põhimõtetele truu. Nagu eelmine kommentaator ütles, meenutab selles Reagani. Kuigi Paulil on mõned omapärasemad mõtted, ei lausu ta asju ainult häälte kogumiseks, ja ta ei ole isiklikust rahast huvitatud. Ehk selle tõttu ongi ta populaarsus kasvamas, mida aga massimeedia ei julge kajastada? (teame, kes on kelle taskus, kes mida omab jne.

Mis kõige rohkem Pauli juureas meeldib on see et ta on USA imperialismi vastu (Iraak), ja kodanikuõiguste kuritarvitamise vastu (Patriot Act vastane).

Võiks veel lisada, aga komm läheks pikaks. Kahju vaid, et ta vabariiklasi esindab, aga USAs pole vist muud võimalust olemas.

Maximus09 Nov 2007 13:08

I guess my issue is that this is suppose to be a newspaper. Media is generally suppose to be unbiased (I know, this is never the case) and offer multiple points of view. So seeing the views of only 1 of the many candidates (and one who honestly has little chance of getting the nomination) is a bit bothersome.

Again, I have nothing against Paul, just looking for some balance.

Loe kõiki kommentaare (8)

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