Ron Paul to confront Fed Chair Ben Bernanke: Will there be fireworks? Update: Bernanke slams Ron Paul's Fed audit bill

On Wednesday, July 18, Congressman Ron Paul will have his last chance to take apart Fed Chair Ben Bernanke, chairman of the Federal Reserve, when Bernanke delivers his semi-annual report on the nation’s monetary policy.

The Fed Chair will be testifying before the House Financial Services Committee, on which Paul sits. The last time there was a face-off between the two men was in February of this year, when Paul delivered a diatribe about the Fed devaluing the dollar while waving a silver eagle dollar at Bernanke.

Bernanke kept his cool and when finally allowed to speak, simply and sardonically said to the Congressman, “First of all, nice to see you again.”

Congressman Paul, who aspired to be President during the Republican primary and basically ran on the gold standard, is retiring in November after 24 years in Congress as the maverick Libertarian, though registered Republican. He has spent most of that time lambasting the Federal Reserve, which he wants abolished and if not that, then greater oversight of the Fed instituted.

During the campaign, Paul indicted the Fed of “creating money out of thin air, manipulating interest rates, and interfering with the free market,” blaming the Federal Reserve for its role in the latest financial melt down.

[link to communities.washingtontimes.com]

Last Edited by Sleeping Giant on 07/18/2012 02:09 PM