
The salvation in the time of financial crisis: Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of nothing to buy mortgage backed securities. This shocking admission came from the Joint Economic Committee hearing on Capital Hill two weeks ago.
Ron Paul: "Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system".
Money out of thin air: There is no a single mainstream news agency that covered this revelation.
Money printing press: So if we can create money backed by nothing out of nothing in unlimited quantities, then what's the real problem of our civilization?
Here lies the answer: Who owns the printing press?
26 november 2009, Giulio Tremonti, current Minister of Economy and Finance in the Italian government asks Pier Luigi Bersani: "You want to print money and create debt?" Thus, printing money means create debt. To whom is the debt owed to?