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Fed Chairman Bernanke Should Apologize to Ron Paul
Economic Policy Journal ^ | February 24, 2010 | Robert Wenzel

Posted on 02/24/2010 8:45:22 PM PST by Captain Kirk

It seems in vogue these days to apologize for wrong doings. I am not really sure why Tiger Woods apologized on worldwide television to golfers, his wife, his mother, to me, to you...to the entire world, for what appears a personal matter, but I tell you who needs to apologize publicly is Federal Reserve Chairman Ben Bernanke. He needs to apologize for his snarky, condescending attitude toward Congressman Ron Paul when Paul ,

1. asked Bernanke about allegations that the Federal Reserve was involved in funneling money to Saddam Hussein, when Hussein was a favorite of the U.S.,

and

2. asked about allegations that the Fed was involved in transferring Watergate money.

Bernanke labeled the allegations "bizarre."

Naturally, mainstream media took up on Bernanke's cue, and are reporting Paul's allegations without the back story. Here is the back story.

Fed chairman Bernanke simply doesn't know Fed history as well as Ron Paul (Or the history conveniently slipped his memory). As far as Watergate, I always thought it was pretty common knowledge that the money ended up in the burglars' hands through some pretty fishy means. Even wikipedia has part of the story:

[Watergate burglar Bernard] Barker had attempted to disguise the origin of the funds by depositing the donors' checks into bank accounts which (though controlled by him), were located in banks outside of the United States. What Barker, Liddy, and Sloan did not know was that the complete record of all such transactions are held, after the funds cleared, for roughly six months. Barker’s use of foreign banks to deposit checks and withdraw the funds via cashier’s checks and money orders in April and May 1972 guaranteed that the banks would keep the entire transaction record at least until October and November 1972.

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: balloonboy; braindeadzombiecult; federalreserve; fishlicence; icecreammandrake; morethorazineplease; paulestinians; paultards; preciousbodilyfluids; ritafromdetroit; ronpaul; rupaul; sapandimpurify; spotthelooney; watergate
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1 posted on 02/24/2010 8:45:22 PM PST by Captain Kirk
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To: Allegra; SoCalPol; freedom2003; Captain Kirk

2 posted on 02/24/2010 8:48:51 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: onyx

Cute....now do you have argument about the specifics in the article? Waiting to hear your fact-based analysis. Cheers.


3 posted on 02/24/2010 8:49:53 PM PST by Captain Kirk
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To: Captain Kirk
Why exactly would Berny Boy know anything about these issues if they are conspiracies?

The world just does not make sense any more.

4 posted on 02/24/2010 8:50:56 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: Captain Kirk

Waiting for anybody to explain why anything in this matter is thought to be “odd” on the part of the Fed.


5 posted on 02/24/2010 8:51:17 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: Christian_Capitalist; Dead Corpse; Extremely Extreme Extremist; bayliving

ping


6 posted on 02/24/2010 8:51:25 PM PST by Captain Kirk
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To: Drill Thrawl

Move along. Nothing to see here. Don’t ask questions. Helicopter Ben is the most brilliant economist of modern times.


7 posted on 02/24/2010 8:52:33 PM PST by Captain Kirk
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To: HiTech RedNeck

Exactly, the Fed was a partner in the crime in the nationalization of large sections of the American economy (all without constitutional authorization) and Ron Paul is a “loon.” Yeah right.


8 posted on 02/24/2010 8:53:53 PM PST by Captain Kirk
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To: Captain Kirk

So everything that goes through a bank is the fault of the Federal Reserve?

And the point is...

Let me guess...

It’s all the Jews’ fault?


9 posted on 02/24/2010 8:54:24 PM PST by iowamark
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To: Captain Kirk

It seems the Christian-haters and Fed-fans really have it out for Ron Paul.


10 posted on 02/24/2010 8:54:46 PM PST by Frantzie (TV - sending Americans towards Islamic serfdom - Cancel TV service NOW)
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To: Captain Kirk

How would Bernanke (born December 13, 1953) know anything first hand about Watetgate and the Fed?


11 posted on 02/24/2010 8:55:03 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: Frantzie

They are getting really desperate if they think his questions about Watergate payoffs (which have been widely reported for over three decades by mainstream historians and journalists) will discredit him. Their near hero worship of Bernanke (an out and out socialist) is pathetic.


12 posted on 02/24/2010 8:56:48 PM PST by Captain Kirk
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To: Toddsterpatriot; Mase; expat_panama

Paultard (I really don’t know, I didn’t bother to read it) tries to spin Rep. Paul’s “bizarre” performance on the Hill.


13 posted on 02/24/2010 8:57:02 PM PST by 1rudeboy
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To: Captain Kirk; All

Sorry folks, I keep forgetting not to feed the loonies.


14 posted on 02/24/2010 8:58:20 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: onyx

And shame on him for not treating a Wikipedia snippet as a gospel.


15 posted on 02/24/2010 8:59:47 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: onyx
How would Bernanke (born December 13, 1953) know anything first hand about Watetgate and the Fed?

. The institution he heads has records and other information covering this period. All Paul was saying that the Federal Reserve should open up all its historical records and Bernanke is the main in charge of this information. How is that "crazy?" Government agencies release records on decades old historical events all the time. Heck, the FBI only recently investigated the Emmett Till killing which occured in 1955! Why is helicopter Ben exempted from doing this?

16 posted on 02/24/2010 9:00:02 PM PST by Captain Kirk
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To: Captain Kirk

Quick, can you tell me about the scandals in President Abraham Lincoln’s administration?

You can’t? And you call yourself an American?


17 posted on 02/24/2010 9:01:02 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: Drill Thrawl

Cute....now could you provide us with a specific argument on how Paul’s points on Watergate are meritless and do not deserve further inquiry? Waiting patiently.


18 posted on 02/24/2010 9:01:06 PM PST by Captain Kirk
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To: 1rudeboy

Do you have an argument on why Paul is wrong in this case? Did you bother to read the article?


19 posted on 02/24/2010 9:02:03 PM PST by Captain Kirk
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Comment #20 Removed by Moderator

To: Captain Kirk

It is up to Paul to show them meritorious.


21 posted on 02/24/2010 9:02:08 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: HiTech RedNeck

I can - he destroyed federalism as it was originally conceived.


22 posted on 02/24/2010 9:04:04 PM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: Captain Kirk
In the voice and character of your screen name.

Must. Not. Feed. Troll.

23 posted on 02/24/2010 9:04:19 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: HiTech RedNeck

The government does historical investigations all the time of past events...including World War II, atomic bomb testing, MIAs, and, as I mentioned, the Emmett Till case. Are you saying that all these inquiries were illegitimate? Even as we speak, FBI officials are opening redacted FBI files on hundreds of Americans from past decades. Do you think the government should cease all investigations of past misdeeds and unanswered questions and, if so, why?


24 posted on 02/24/2010 9:05:22 PM PST by Captain Kirk
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To: Captain Kirk

Why should I give the slightest heed to a strawman argument?


25 posted on 02/24/2010 9:06:05 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: Captain Kirk; HiTech RedNeck

I’ve used up my quota of crazy this month.
Ron Paul has exhausted all of it.
He always goes off like this, instead of sticking to the valid issue of auditing the Fed.


26 posted on 02/24/2010 9:06:11 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: Captain Kirk

No, and I will not read the article. I watched Rep. Paul’s five minutes with Bernanke (it’s posted here, somewhere) . . . it was painful. The look on Bernanke’s face was priceless. You almost got the impression that Bernanke feels sorry for Paul.


27 posted on 02/24/2010 9:06:23 PM PST by 1rudeboy
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To: Drill Thrawl

Let’s try again. Do you have a fact-based argument to refute the specifics of Paul claims about Watergate? Do you have a fact-based argument on why he was wrong to raise these questions? Please enlighten the benighted with your wisdom.


28 posted on 02/24/2010 9:06:32 PM PST by Captain Kirk
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To: onyx

So....you just make wild hit and run charges about somebody character and then when asked to back up your case you run away?


29 posted on 02/24/2010 9:09:01 PM PST by Captain Kirk
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To: Drill Thrawl
Do NOT click the following link, I'm warning you!

http://www.youtube.com/watch?v=WiFwwo4iqms

30 posted on 02/24/2010 9:10:49 PM PST by 1rudeboy
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To: Captain Kirk

I made my case. Bernanke has absolutely no reason to respond to Ron Paul’s crazy requests. Paul needs to first mkae his case. Where’s the evidence?


31 posted on 02/24/2010 9:10:49 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: 1rudeboy
No, and I will not read the article

Of course you won't bother! That would be the adult thing to do. Your approach is to call people names in drive-by style and then run away when challenged. Please forgive me for confusing you with the facts.

32 posted on 02/24/2010 9:11:46 PM PST by Captain Kirk
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To: onyx; freedumb2003; SoCalPol; fieldmarshaldj

Aw, geez...not this *&*^$* again.


33 posted on 02/24/2010 9:12:34 PM PST by Allegra (It doesn't matter what this tagline says...the liberals are going to call it "racist.")
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To: Allegra; freedom2003; SoCalPol
Aw, geez...not this *&*^$* again.

Afraid so. It never stops.

Paul followers think he's the living end.

Never mind that Obama is bankrupting the nation.

Ron Paul is onto yet another "conspiracy" and cover-up.

34 posted on 02/24/2010 9:16:37 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: Captain Kirk
Oh, shut up.

Ron Paul grills Bernanke: Wasn’t the Fed involved with Saddam and in Watergate? [Free Republic]

I watched the videotape.

35 posted on 02/24/2010 9:16:40 PM PST by 1rudeboy
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To: iowamark; Captain Kirk

Your post is nothing but a smear. Perhaps you would like to add the ever-popular “racist” and “sexist”?


36 posted on 02/24/2010 9:19:30 PM PST by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
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To: 1rudeboy

Now, THAT was funny. Thanks, I needed that.


37 posted on 02/24/2010 9:19:31 PM PST by Drill Thrawl (Another day, another injury, another step closer. Are you prepared?)
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To: onyx

There are many, many cover-ups in Washington, but I don’t know if this is one of them. In any event, even if it is there are far fresher and more serious crimes by the Fed and other agencies that need attention.


38 posted on 02/24/2010 9:22:20 PM PST by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
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To: achilles2000

Indeed and it is imperative that cover-ups and transgressions in the present administration garner our immediate attention.


39 posted on 02/24/2010 9:27:54 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: onyx

Ditto onyx. Watching that video of Paul with Bernanke, whom I believe is a moron, reminds me of the first time I saw Lyndon LaRouche on television in the 1980’s.

What a loon was my thought even though I loved his 1984 rant that CBS let him buy for thirty minutes when he called the Mondale/Ferraro ticket “that neo-Nazi and his slum lord running mate.” Great stuff.

But, he was a looney as Ron Paul.


40 posted on 02/24/2010 9:28:23 PM PST by Fledermaus (Welcome to the USSA: United Socialist States of America: Bow to The Obama!)
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To: achilles2000
Your post is nothing but a smear. Perhaps you would like to add the ever-popular “racist” . . . .

Count me in, but I'm simply referring to Rep Paul's contributors.

41 posted on 02/24/2010 9:33:08 PM PST by 1rudeboy
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To: Captain Kirk
Stay the course, Captain.

If there's one place that the Palin camp loves the Paul People, it's on fiscal and monetary policy. Well, probably State's Rights federalism first, but fiscal and monetary policy second.

Palin's our girl. She's got the grass-roots on her side; she's plugged Ron Paul back in 2008 and endorsed Rand Paul in 2010; and on domestic policy, she's cited Rand Paul as an examplar of her own beliefs.

We're going to get our crack at the Fed, Captain. We shall ride to power on the coattails of our very own Republican Liberty Caucus-endorsed Governor Sarah Palin. Starting with the Senate seat we're about to win in Kentucky.

42 posted on 02/24/2010 9:36:36 PM PST by Christian_Capitalist
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To: Fledermaus; Allegra; freedom2003; SoCalPol; Capt.Kirk; High-tech Redneck
You make an excellent point! Lyndon La Rouche in the 80's.

Truth be told about Ron Paul. He's more of a Bircher than a Libertarian and he's certainly NOT a Republican.

- - - - - - - - -

Ron Paul endorses . . . the John Birch Society

Dr. Paul stated, "The John Birch Society is a great patriotic organization featuring an educational program solidly based on constitutional principles. I congratulate the Society in this, its 50th year. I wish them continued success and endorse their untiring efforts to foster 'less government, more responsibility ... and with God's help ... a better world.'"

Dr. Paul has also agreed to be the keynote speaker at the Society's 50th anniversary celebration, Oct. 2-5, 2008 in Appleton.

The time has come to stop distinguishing Ron Paul from his tin foil hatted supporters. He is not above them, he is of them. He agrees with them, he joins them in their gatherings, and he cheers them in their spreading of nutty conspiracy theories. This is the real Ron Paul.

This is the same John Birch Society that accused President Eisenhower of being a Communist. The one that William F. Buckley, whom many of us remember today, rightly threw out of the conservative movement.

43 posted on 02/24/2010 9:44:25 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: achilles2000; 1rudeboy
Perhaps you would like to add the ever-popular “racist” and “sexist”?

If the sheet fits, I am sure that Ron Paul will wear it!

Seriously, did you read that blogger's babble? Do you think that the Fed is responsible for every single check that went through a bank in the last century?

And no, I am not just joking around. When Ron Paul talks banking conspiracies, he is very definitely talking about the Jews. He knows it and so do his followers.

44 posted on 02/24/2010 10:11:49 PM PST by iowamark
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To: onyx

The JBS never called Eisenhower a communist, he was called an agent for communism, and it had to do with among other things, Eisenhower turning his back on the Hungarian freedom fighters in their fight against the Soviets when he blocked other nations from aiding them. Eisenhower also ignored clear warnings about Fidel Castro and his intentions, and had no problem with Castro taking power.

Eisenhower was no communist, but at times he sure didn’t show an interest in helping to stop it.

Ron Paul would have more credibility if he would stop making kooky comments particularly on 9/11 and foreign policy issues, but he does make many valid points on domestic and constitutional issues.


45 posted on 02/24/2010 11:00:06 PM PST by ScottfromNJ
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To: ScottfromNJ

JBS founder, Robert Welch, circulated a letter calling President Dwight D. Eisenhower a “conscious, dedicated agent of the Communist Conspiracy.”


46 posted on 02/24/2010 11:07:59 PM PST by onyx (BE A MONTHLY DONOR - I AM)
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To: ScottfromNJ

So you say Ike was only a Communist agent, not a Communist? That’s big of you.


47 posted on 02/24/2010 11:38:48 PM PST by iowamark
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To: achilles2000; Captain Kirk
I didn't see an answer to this question.

So everything that goes through a bank is the fault of the Federal Reserve?

Take your time.

48 posted on 02/25/2010 5:32:43 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: 1rudeboy
Is Ron Paul going the way of PCR?

When I watch his (and Grayson's) idiotic questions I want Bernanke to say, "WTF are you talking about"?

49 posted on 02/25/2010 5:34:19 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot; Captain Kirk

Evidently, you have a reading comprehension problem. I was not commenting on Fed policy or prior actions.


50 posted on 02/25/2010 7:31:51 AM PST by achilles2000 (Shouting "fire" in a burning building is doing everyone a favor...whether they like it or not)
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