Video Title: (Ron Paul - Qe2 The Feds Last Stand)
Video Duration: 3:56
From: flex4live
Category: News and Politics
please share, vote amp comment ronpaul 11 the remarkable confluence of recent events has brought unprecedented but very welcome attention to both us monetary policy and the global political economy in general. first, federal reserve board chairman ben bernanke recently announced that the fed would embark upon another round of monetary easing by purchasing s600 billion worth of us treasury debt. this amounts to admission that markets have run out of patience with our profligacy and therefore our own central bank literally must serve as the buyer of last resort for treasury debt. second, world bank president robert zoellick openly suggested that gold could play a helpful role in the global monetary system by serving as reference against more volatile fiat currencies. this is almost heresy coming from a neoconservative globalist like mr. zoellick. it hints at an obvious but unspoken truth that is anathema to politicians and central bankers alike, namely, that gold could be viewed as money. finally, mr. obama attended the g20 summit in south korea last week and found a very chilly reception for his vision of american economic policy. mr. obama argued for continued worldwide stimulus via continued debasing of the us dollar to bolster american exports. several powerful european and asian finance ministers however rejected this approach out of hand as nothing short of a currency war. they are committed to austerity measures at home and don't want to let the us simply ltbgt...lt bgt
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