Ron Paul vs Bernanke: "Is Gold Money?"..."NO" - July 13, 2011‬‏

[sweYoda2]

GOLD IS MONEY

[thecooltonto]

lol everyone in the room was cracking up laughing at bernanke saying gold isnt money, especially the lady behind him

[malaihiboi]

Bernanke, your last statement is fucked. I wanna fight now...

[mrgmakin]

Technically he's right, the only things of real value are labour/skills and resources/materials. Fiat money is only one step beyond mutual agreement of the "worth" of metal coinage/promisory note/reserves. In a non-barter economy, the only system that is feasible is a "game" where everyone agrees to pretend that the exchange mechanism, or money, has some intrinsic value. Economics is one huge game.

Interesting to consider Millennial trade/exchange/distribution mechanisms....

[JediWitness]

@mrgmakin In one sense that is true... we can use paper money which is fine for convenience sake, but the problem is that it doesn't end there. When money used to be backed up by Gold then at least it could always be traded in for Gold, but not anymore. When Lincoln created the Greenbacks which is how the US funded the entire Civil War because none of the Rothschild controlled banks would loan him money, since they are the ones that started the war in the first place, there was No interest on it

[JediWitness]

The U.S. printed $450 million in greenbacks with no interest and it was declared as Full legal tender which is correct and right under the Constitution which is why the founding fathers gave the Congress the right to do that because they knew HOW dangerous the central banks were as the Rothschilds were creating havoc all over Europe at that time and beyond. Jackson is the only president in history to Ever pay off the national debt because he got rid of the illegal central bank.

[onebad78ta]

I can't help but laugh when I hear this nonsence

[onebad78ta]

Helicopter ben is a fucken terrorist

[istofal]

Great question Paul!