Bernanke Concurs With Ron Paul That Fed Monetizes Debt
45 seconds to watch live history here as MSM did not report it.
Having been preoccupied with the Eurozone
crisis in the past weeks which is far from over with Spain
rumored so far to require €280 billion for its bailout
I missed out on this historic affirmation by Federal Reserve Chairman
Bernanke that he creates money out of thin air.
historic moment happens from second 31 to second 45 and took place
on April 14.
the transcript of the most important part:
"Well, where did you get the money? You created this money."
nods in agreement.
"So you did monetize debt, and that went into the banking