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U.S. Creates 1.3 Trillion Dollars out of Thin Air to Cover Banking Scam

Fed Chairman Ben Bernanke has admitted that the U.S. central bank created $1.3 trillion out of thin air to buy mortgage backed securities.  Representative Ron Paul pointed out, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.”

Bernanke nodded yes.

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