Bernanke Lies Under Oath re: Monetizing Debt
On June 3, 2009 Fed Chairman Ben Bernanke said the Fed would not monetize our debt. On November 3, 2010, the Fed announced the printing of $600-900 billion in new currency to purchase bondsdebt. You might be interested to know that the current world money supply of US dollars is $800 billion. The Fed just said it is going to double that. Printing money to buy debt is "monetizing the debt." America, we are screwed.
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