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Ron Paul: Bernanke Deliberately Destroying Dollar


US Politics & Gov't  (tags: government, cover-up, corruption, crime, abuse, dishonesty, lies, terrorism, ethics, americans, economy )


- 493 days ago - prisonplanet.com
Congressman Ron Paul slammed Federal Reserve chairman Ben Bernanke during a House Financial Services Committee meeting today for following a policy of deliberately destroying the dollar and wiping out the American middle class. Can you say "Amero?"
Comments

Ralph Sutton (27)
Wednesday February 27, 2008, 6:30 pm
Look at it the same way you look at stocks. If you have 10 shares of stock and the stock splits two for one you end up with 20 shares with each share being valued at less than half of the value it had before the split. The same thing is happening with the dollar; as the Federal Reserve (a private bank) prints and puts more money in circulation the value of the dollar decreases just like the stock. The big problem is; unlike stock, that will eventually regain its former value, the dollar will not recover its former value until the number of dollars in circulation is reduced because it has no real value to begin with.
 
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