Another Rate Cut Coming?
Federal Reserve Chairman Ben Bernanke warned Congress that the nation is in for a period of sluggish business growth and sent a fresh signal Wednesday that interest rates will again be lowered to steady the teetering economy.
Bernanke couldn’t even disagree with Paul today. A few weeks ago Paul talked about how “tinkering” with the system is pointless because it doesn’t address the source of the problem. It’s like pulling the leaves off a weed instead of killing the root, the problem keeps coming back, and in this case, keeps getting worse. As long as America destroys its currency, which has little if any real value, the trend will continue. The real solution is getting the dollar back to a solid, strong currency by backing it with gold and silver.
The Constitution allows this (actually it says ONLY gold and silver as legal tender) and the American people deserve to have access to sound currency backed by a strong monetary policy. Unfortunately I haven’t heard any of the other drones masquerading as political leaders talking about this subject. Guess they don’t get my vote.
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