More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

IPFS News Link • Federal Reserve

Was the Silver Smackdown a Retaliatory Strike?

02-29-2012 • NeoAbolition.com

During a House Committee on Financial Services hearing held at 10am on February 29, 2012, Rep. Ron Paul questioned Federal Reserve Chairman Ben Bernanke on inflation, currency, and (real) money. At 9am, silver was trading at $37.50/oz. By 11am, exactly 10% had been shaved off the price and silver traded at $33.75/oz. During the hearing, Dr. Paul presented Bernanke with a silver coin and extolled the monetary virtues of the metal. Paul stated: “As much as I would like to do something with the Fed, I say, the Fed is going to self-destruct eventually anyway when the money is gone.”

Read Full Story

Reported By Ryan Gauger

Make a Comment • Email Link • Send Letter to Editor