Beck covered this today,
monetizing debt -Paying off government debt by printing more money, leads to inflation .
Basically, he said the whole world is going to be pissed at the American people for this.
Because currencies are tied to the dollar, Bernanke Fed actions are causing prices to rise world wide, especially food. This is contributing to global unrest.
Perry did not call Bernanke a traitor. He said that to pump the money supply for the purpose of bolstering the political fortunes of an incumbent would almost be treason.
His statement was correct.