Federal Reserve Monetizing on Debt: Bernanke Admits Printing $1.3 Trillion Out Of Thin Air

http://usawatchdog.com/bernanke-admits-printing-1-3-trillion-out-of...


Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities.  This shocking admission came from the Joint Economic Committee hearing on
Capital Hill last week.  I was dumbfounded when I saw Bernanke shake
his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.”  I was amazed he admitted this.  I looked up the original hearing on C-Span to make sure the clip was not edited.  It was not.   

What is even more shocking is I could not find a single mainstream news agency that covered this revelation.  Congress just finished voting on the bitterly contested Obama health care bill that is
supposed to cost nearly a trillion dollars over ten years.  (Some
contend it will be more than twice that amount.)  The mainstream media
doesn’t even bat an eye over the Fed creating $1.3 trillion in a little
more than a year to buy worthless debt no one else will touch.  I do
not get it.  I guess we could have asked the Fed to print up a trillion
dollars to pay for health care and avoided that drawn out battle in
Congress. 

Then, Rep. Paul brings up printing another $105 billion to bailout Greece.  Bernanke answers by saying, “. . . I think one of the agreements that the G20 leaders came up with was sort of a mutual commitment to put more money into the IMF as a way of
addressing the financial crisis around the world. . .”
 Notice how Bernanke used the term “mutual commitment.”   I think what that really means is an agreement between all the G-20 nations of a “mutual debasement of their currencies.”  I
think this is why gold has been rising in price around the globe.  I
have been saying for months that we are going to have some very big
inflation.  (Real inflation is already at 9.5% according to shadowstats.com.)  I wrote about this last November in a post called “The Fix Is In.”   

I think Bernanke just opened the Fed playbook and revealed money will be printed to fix all financial problems.  I don’t think he’s even trying to hide it anymore.  Rep. Paul also brought up the big debt
trouble coming soon with many, many bankrupt cities and states such as
Los Angeles and California.  I think they will all be bailed out one
way or another by the printing press.

New York Fed President William Dudley seems to be on the same page as his boss.  Dudley recently said, “The fact that our foreign indebtedness is for the most part denominated in our own currency is a huge advantage in the event the dollar were to
come under significant downward pressure
.”  (Zero Hedge has a complete text of Dudley’s speech, click here)  Is Dudley making a not so subtle hint about devaluing the U.S. dollar?  Once again, I say yes.

Anyone with a savings account or money market denominated in dollars should be terrified.  You have scrimped and saved only to have the Fed print money and devalue what you have worked so hard for!   Inflation
has been chosen for you by the Federal Reserve, and we the taxpayers
can’t even audit its actions.  Below is the video from the Joint
Economic Committee Hearing last week.  Watch for yourself Bernanke nod
yes to printing $1.3 trillion:



Views: 131

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Burbia commented on Burbia's video
2 hours ago
Burbia posted a video

SUPEROLA & THE LOST BURGERS

This Game is RUBBISH !
3 hours ago
Doc Vega posted a blog post
Saturday
pohonemas33 team commented on tjdavis's photo
Thumbnail

DejaVu

"nice very goodjob, i wish you can visit official situs pohonemas33"
Saturday
Sandy posted a photo
Saturday
Doc Vega posted a blog post
Friday
Saint Quinn favorited Burbia's video
Friday
Doc Vega posted blog posts
Thursday
Burbia commented on tjdavis's blog post The Jewish Couple That Taught Bob Dylan Hebrew and Introduced Him to Zionism
"Haaretz put this story behind a pay wall. Sali Ariel and Terry Noble were the names of the couple…"
Wednesday
William Heckman is now a member of 12160 Social Network
Wednesday
cheeki kea commented on tjdavis's photo
Wednesday
cheeki kea commented on cheeki kea's video
Thumbnail

This Woman DESTROYED Harley-Davidson's Future Forever

"It's a sad day on the highway. But I guess the show must go on. Watch out for the ruination of…"
Wednesday
cheeki kea posted a video

This Woman DESTROYED Harley-Davidson's Future Forever

This Woman DESTROYED Harley-Davidson's Future ForeverWelcome to Ride Radar – Your Frontline Source for Motorcycle Deals, Trends & Market Mayhem.Looking for t...
Wednesday
tjdavis posted a photo
Jul 23
Burbia posted a status
"Who knew releasing the MLK files and literally deflecting, it ends up implicating himself with the Epstein Files."
Jul 21
Burbia posted a video

Dan Bilzerian DEMOLISHES MAGA Nutjob Patrick Bet-David on His Own Show

Watch as two powerhouse personalities collide in this no-holds-barred debate on one of the world’s most contentious issues. Patrick Bet-David, known for his ...
Jul 21
Doc Vega's 7 blog posts were featured
Jul 20
tjdavis's 2 blog posts were featured
Jul 20
Less Prone favorited tjdavis's blog post Track AIPAC
Jul 20
FREEDOMROX's blog post was featured

MRNA VACCINES: Question

Hello my fellow sojourners,I know it has been five years since the Plandemic, but one question has…See More
Jul 20

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted