"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -Ludwig Von Mises
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Dec
17

Ron Paul: ‘He’s the most powerful man in the world’

Author: Mac Slavo
                            Comments (1)

If you haven’t heard the news, Time’s Person of the Year is none other than Federal Reserve Chairman Ben Bernanke.

Ron Paul weighs in on Mr. Bernanke’s most recent distinction on Morning Joe.

He’s the most powerful man in the world. I believe the case can be made for that. He controls the supply of money, which is the dollar, which is the reserve currency of the world. He can create a trillion dollars in secret without any monitoring of the congress. So, there’s no transparency. I think he’s more powerful than the President.

—-

This whole mess that we’re in, which has a long way to go, has been caused by the Federal Reserve.

Watch Ron Paul on Morning Joe:

Hat tip to Tom at Outside the (Cardboard) Box

Author: Mac Slavo
Date: December 17th, 2009
Visit the Author's Website: http://www.SHTFplan.com/

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One Response to “Ron Paul: ‘He’s the most powerful man in the world’”

  1. Bob Veigel
    December 17th, 2009 at 1:57 pm

    Yes, powerful and very stupid.

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