federal reserve does bogus claims would be the us dollar the enabler would be obama's friend timothy geitner the enabler would be one of the biggest crux of the century ben bernanke they are worried that if there is another crisis their paper claims on collateralized unbacked. scheme that is the us dollar in the u.s. government will be forced to make good on these false claims that they print by there's thirty seven billion paper receipts bills for it it every day thirty seven billion bills dollars five dollar bills ten dollar bills went up a hundred dollar bills thirty seven billion of those are printed every day there's no backing there's no collateral there ious against a system that has twenty two twenty one twenty two trillion in debt. not including the the medicare medicaid social security that would give it a hundred hundred fifty trillion and that yeah but let's go back to the two thousand and eight financial crisis and the collapse of lehman brothers one thing you mention the one collateralized part that. you know the ordinary american does get blamed for it the subprime borrower bu

federal reserve does bogus claims would be the us dollar the neighbor would be obama's friend timothy geitner the enabler would be one of the biggest crux of the century ben bernanke they are worried that if there is another crisis their paper claims on collateralized unbacked these and he he has an interesting take on what this op ed that timothy geithner ben bernanke and hank paulson wrote and he says the basic lie of geithner paulson bernanke is the argument. now regulators have no bailout authority leave aside the various misleading elements here yes they do they just have to ask congress which is the most democratic branch of government they are arguing against democracy they're angry the people have some form of check on their right to do whatever they want during a crisis they are couching this in terms of the need to stem panics they are pretending an attack on democracy is a technical point it is not so what they were arguing they were using the pages of the new york times op ed to argue that you know we have too much democracy we shouldn't allow the people to have any say and the un

federal reserve does bogus claims would be the us dollar the enabler would be obama's friend timothy geitner the enabler would be one of the biggest crux of the century ben bernanke they are worried that if there is another crisis their paper claims on collateralized unbacked ponzi scheme that is the us dollar in the us government will be forced to make good on these false claims that they print by there's thirty seven billion paper receipts bills.