http://www.zerohedge.com/article/ron-paul-grills-bernanke-massive-e...

As we reported a few days ago, the IMF massively expanded its last resort bailout facility (NAB) by ha...,
in which the US was given the lead role in bailing out every country
that has recourse to IMF funding. Yesterday, Ron Paul grilled Bernanke
precisely on the nature of the expansion of the US role to the NAB:
"The IMF has announced that they are going to open up the NAB which
coincides with the crisis in Greece and Europe and how they are going
to bailed out. The irony of this promise is that in the new arrangement
Greece is going to put in $2.5 billion in. I think only a fiat monetary
system worldwide can come up and have Greece help bail out Greece and
be prepared to bail out even other countries. But we are going from $10
to $105 billion... We are committing $105 billion to bailing out the
various countries of the world, this does two thing I want to get your
comments on one why does it coincide with Greece, what are they
anticipating, why do they need $560 billion, do we have a lot more
trouble, and when it comes to that time when we have to make this
commitment, who pays for this, where does it come from? Will this all
come out of the printing press once again, as we are expected to bail
out the world? Are you in favor of this increase in the IMF funding and
our additional commitment to $105 billion?" Bernanke, of course, washes
his hands of any imminent dollar devaluation - it is all someone else's
responsibility to bail out life, the universe and everything else.
Bernanke pushes on "I think in general having the IMF available to try
to avoid crises is a good idea." Yet Paul pushes on "Where will this
money come from? We are bankrupt too." Indeed we are, but nobody cares - that is simply some other poor shumck's problem.