Paul: Bernanke Is Planning to Bail out Greece with U.S. Dollars

By Melanie Arter | February 13, 2012 | 5:37 PM EST

Rep. Ron Paul poses for pictures with young supporters in Myrtle Beach, S.C., Sunday, Jan. 15, 2012. (AP Photo/Charles Dharapak)

( GOP presidential candidate Ron Paul, speaking on the heels of a defeat in the Maine GOP primary, said Federal Reserve Chairman Ben Bernanke is planning to bail out Greece.

“Just look at Europe, the mess they have. They’re rioting over in Greece because they say they have to cut a little bit. So what is the plan? Bernanke’s over there planning to bail them out with our dollars. The debt when it gets this big shouldn’t be liquidated. It shouldn’t be dumped on the people, and that is what we have been doing for these last three or four years. It needs to stop,” Paul said.

The Texas congressman said the U.S. is bankrupt, and Americans need to admit the truth about the economy.

“The country is bankrupt, and the most important thing the American people do right now is admit the truth. We cannot deny the truth, and the truth is that we can’t continue this way,” Paul said.

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“We have to either go in a desperately wrong direction as we had been or we have to stop the nonsense, look to our traditions and not go backwards and act as we did 200 years ago, but pick up on that, because freedom was never perfect,” he added.