Posted by Karl Denninger
Watch this clip, right near the end. 4:30 into the clip onward.
Yes, Ron Paul went off on quite the rant.
But that last minute……
The Federal Reserve has the authority to buy the debt of any foreign government, essentially obligating The US Taxpayer to bail them out!
Bernanke says he has no plans, but notice that he did not say they have never done such a thing.
Hmmm…. two-line bill to revoke that BS anyone?