Ron Paul: Bernanke Admits Economy Is In Bad Shape
Fed continues the destruction of the dollar with QE3
September 19, 2013
This morning, former congressman Dr. Ron Paul explained why Federal Reserve chairman Ben Bernanke’s unexpected decision yesterday to continue pumping $85 billion a month into the economy is bad for the American people.
On today’s edition of MSNBC’s Morning Joe show, anchor Joe Scarborough asked Dr. Paul what he thought about this morning’s front page of the Wall Street Journal: “Fed Stays On Easy-Money Course.”
“I think that it’s a major admission by Bernanke that things aren’t good,” Paul said. “He’s literally saying ‘We’re in bad shape!’”
“Yet the markets didn’t interpret it that way because the markets are reflecting just that ‘easy money’ going into the stocks but it doesn’t help those 99% or at least the large middle class and poor; it won’t help them one bit.”
Paul further stated that it won’t help Americans get jobs, so there’s still a large disconnect between Wall Street and the American people.