IMF bailouts

Watch this exchange between Ron Paul and Ben Bernanke and you will better understand why the US is bankrupt.



http://www.youtube.com/watch?v=JzO_D8TjvKw&feature=player_embedded

Ron Paul: "The IMF has announced that they are going to open up the NAB which coincides with the crisis in Greece and Europe and how they are going to bailed out. The irony of this promise is that in the new arrangement Greece is going to put in $2.5 billion in. I think only a fiat monetary system worldwide can come up and have Greece help bail out Greece and be prepared to bail out even other countries."

"Where will this money come from? We are bankrupt too."