Ron Paul Puts Bernanke on Edge with Gold Question.

Fresh from announcing his retirement from Congress, Rep. Ron Paul takes to another Fed hearing and puts Chairman Bernanke on edge on whether he believes Gold is considered money.

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• ron
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• bernanke
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• gold
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[zekal10]

See folks, what you basically saw in this video was Ron Paul putting Ben Bernanke over his knee and spanking him over and over. And then, he sent him to bedroom without any dinner.

[tafaridh]

DAMN! Dr. Paul made Bernanke look like a darned fool! LOL!!!

[SupperStu72]

To keep the dollar in check. Or to keep it real a country needs back up the money they print with something that is known to be considered real equity. Gold has always been that great equity. It keeps governments from just printing money when things get tight. If you don't back it up with a lagitamant

commodity. It amazes me that Dr. Ron Paul is the only American politition that gets it.

[EliteKiller07]

@krewjones

No shit it carries the same value. But, the whole reason for people advocating the gold standard is to stop central banks from inflating. If there is no inflation, prices in general would constantly be falling, due to increased productivity with constantly improving capital equipment.

The inflation the fed does cancels out this process, with wages always lagging behind the increase in consumer goods.

[afpossebrazda]

Tradition!

[zapo147]

@krewjones But the Paulites will never see it that way...Bernake was giving excellent answers I thought.

[halvepupose1]

@krewjones thank you for demonstrating your ignorance. but here is a bedtime story for you. /watch?v=GLCKanrYk2w

goodnight :)

[krewjones]

@halvepupose1 again, you have no idea what you are talking about. listen, if we were on the gold standard and our money was backed by gold, gold would essentially carry the same value. that means one could essentially walk into mcdonalds and buy a meal with gold flake, or a gold chain? that answer is no thus ruining your silly idea. anyways, the ENTIRE WORLD has adapted the same currency standards, we trade in a global economy. you have no idea what you are talking about, so stop.

[JPMorganSuckBalls]

@Dandaniels1978 make it 15 trillion

[halvepupose1]

@krewjones You act as though these are 'Ron Paul's' ideas. They are Hayek's, Mises, and the whole Austrian's schools ideas. Alan Greenspan has sympathy for going back towards a gold standard to restrain deficit spending look up his 66' essay.  You statists love the fed because it enable the redistribution of wealth toward politically connected segments of the economy. How can you argue that having a stably expanding rare asset class as a credit exchange is a bad idea. historically it worked.

[krewjones]

ron paul did not win, bernanke doesn't know how to respond to retard

[krewjones]

@halvepupose1 ugh, really... 1. the us government does not control the fed so ron paully has NO AUTHORITY TO DISMANTLE IT. 2. gold would not support our economy. 2. going to gold actually has the probability to destroy the stock market and cause severe world economic diaster worse than the great depression, only global. ron paulians have no idea how domestic and global monetary policy work. this is why ron paul sucks so much, and his drones are clueless dolts that live in some libertarian dream