Home > Bernanke, currency, debt, deficit, Fed Policy, fiat, gold, inflation, Paulson > Ten Questions for Paulson, Bernanke & Co.

Ten Questions for Paulson, Bernanke & Co.


1. Can we increase our debt and devalue our currency in order to restore our prosperity?

2. Do you believe it is our right as citizens to know how the TARP money is being spent, and what banks are using as collateral for the cash they are receiving?

3. Why will the economic stimulus package work, and historically has this type of stimulus ever worked?

4. Why does the Federal Reserve still hold gold in its reserves?

5. What is the paper USD intrinsically worth, and can you explain why it is okay for you to have a monopoly on it?

6. Can you name a fiat currency that has not eventually failed? (the answer can be found here)

7. Why has the purchasing power of the dollar decreased 95% since the Federal Reserve was created in 1913?

8. Can you explain why after a bubble bursts, falling prices are bad for consumers?

9. Can you explain why if inflation makes the price of goods higher for the consumer that it is good for the economy?

10. If we saw that pumping in massive amounts of credit to our financial system led to an unsustainable bubble, why is the goal of your policies to create massive amounts of credit?

Advertisements
  1. MC Shalom
    January 17, 2009 at 2:19 pm

    Chairman Ben S. Bernanke, We Are Opting Out of Credit.All of Our Economic Problems Find They Root in the Existence of Credit.Out of the $5,000,000,000,000 given out to the banks, that is $1,000 for every inhabitant of this planet, what is it exactly that WE, The People, got?A Credit Free, Free Market Economy Is Possible.Both Dynamic on the Short Run & Stable on the Long Run.I Propose, Hence, to Lead for You an Exit Out of Credit:Let me outline for you my proposed strategy:✔ Preserve Your Belongings.✔ The Property Title: Opt Out of Credit.✔ The Credit Free Money: The Dinar-Shekel AKA The DaSh, Symbol: – .✔ Asset Transfer: The Right Grant Operation.✔ A Specific Application of Employment Interest and Money.[A Tract Intended For my Fellows Economists].If Risk Free Interest Rates Are at 0.00% Doesn’t That Mean That Credit is Worthless?Since credit based currencies are managed by setting interest rates, on which all control has been lost, are they managed anymore?We Need, Hence, Cancel All Interest Bearing Debt and Abolish Interest Bearing Credit.In This Age of Turbulence The People Wants an Exit Out of Credit: An Adventure in a New World Economic Order.The other option would be to wait till most of the productive assets of the economy get physically destroyed either by war or by rust.It will be either awfully deadly or dramatically long.A price none of us can afford to pay.“The current crisis can be overcome only by developing a sense of common purpose. The alternative to a new international order is chaos.” – Henry A. KissingerLet me provide you with a link to my press release for my open letter to you: Chairman Ben S. Bernanke, Quantitative [Ooops! I Meant Credit] Easing Can’t Work!I am, Mr Chairman, Yours Sincerely,Shalom P. Hamou AKA ‘MC Shalom’Chief Economist – Master Conductor1 7 7 6 – Annuit CœptisTel: +972 54 441-7640

  2. MrCooperWandling
    January 17, 2009 at 8:34 pm

    Benjamin Bernanke answering questions. Lol.

  3. July 2, 2010 at 12:25 pm

    “I will not expose the ignorance of the faculty.”

    Did somebody get in trouble in class that day?

  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: