Ron Paul asks Ben Bernanke about plans to replace U.S. Dollar with New Global Reserve Currency

During the House Financial Services Committee meeting on Capitol Hill, Texas Congressman Ron Paul asked Federal Reserve chairman Ben Bernanke about plans to replace the U.S. dollar with a new global reserve currency.

From PrisonPlanet.com:

“Already we see talk…about a new international world reserve currency and to me that’s pretty important because the fiat dollar reserve system is not gonna work anymore,” said the Congressman, adding that currencies have failed throughout history.

Paul asked Bernanke, “In your meetings with other central bankers, does this thought come up about a new international world reserve currency and if so, does the subject of gold ever come up…is there a move on to replace the dollar system?”

“I don’t think the dollar system is dead, I think the dollar remains the premiere international currency”.I think the dollar system remains quite strong,” responded Bernanke.

Bernanke failed to address the issue of a new system of currency so Paul repeated the question of whether the subject ever came up, to which the Federal Reserve chairman responded, “no it doesn’t”.

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