Ron Paul On The Kudlow Report About Bernanke "Gold Is Not Money" Comment

Airing Date July.13, 2011

Ron Paul On The Kudlow Report About Bernanke "Gold Is Not Money" Comment

Category:

News & Politics

Tags:

• ron paul
• kudlow
• gold
• dollar
• bernanke
• federal reserve
• geithner
• silver
• war
• president
• 2012
• texas
• obama

[fauxmocracy]

I am so surprised at how brainwashed Ron Paul supporters aren't

[wcasino]

Get 'em, Ron. Bite a chunk out of Bernanke's butt!

[vechorik]

@fauxmocracy What Obama could do to gold in peoples' hands /watch?v=dbrsI8S4Tro

[ecnerwal999]

LIBERTARIANMONARCHY . COM

[GlobalMinority]

END THE FED!

[LtlChiefThunderCloud]

Some think that Ron Paul is boring. That is because they are looking for the Marlboro studboy and would be OK to be tyrannized by such.

For those who hear Dr Paul's words and ideas, NOTHING could be more exciting, because LIBERTY makes it possible to pursue YOUR dreams.

[lomocan]

@Cleverman50

"banks do not make money"

It's a basic economic concept that everyone should know that ALL banks "create" money under fractional-reserve-banking. Please google "money multiplier".

Please watch this video-series - watch?v=c5Yf3FCZ5FY

I know the guy is a little monotonous speech but still.......

[lomocan]

@Cleverman50

No, we went past gold because govt & banks wanted to control money, it allows govts/politicians to further socialism & get votes while banks make more profits when they're allowed to "create" money, they don't really create it as such, they just dilute the purchasing-power of the money already held by people. Issuing money is THE BIGGEST power anyone can have so no wonder they took over the money-creation. Please see how toilet-paper money comes into being - watch?v=c5Yf3FCZ5FY

[lomocan]

@Cleverman50

Yes, but I'm saying that every currency's exchange price is available at any given time but as I've said, it likely won't be like that people'll most likely use gold & possibly silver for smaller transactions

But my point is that the faster the supply increases, the faster the value goes down & people've used all sorts of stuff as money, coffeebeans, rice, tobacco, cattle, you name it but many settled on gold because it's supply increases VERY slowly thus anti-monetary-inflation

[lomocan]

@Cleverman50

There's no rule saying, we must've one currency, we've global markets don't we, where many many currencies are used AT REAL TIME VALUES but that scenario is unlikely & if legal tender laws which force people to use toilet-paper as money then people'd most likely choose gold & probably silver as money & it wasn't some coincidence that they'd been used as money for such a long time, they'd certain characteristics that made them good form of money, it was like natural selection

[lomocan]

@Cleverman50

Nope, oil's prices rise when it's supply goes down or demand goes up OR when govt & banks starts creating lots of dollars.

You see the prices of goods/services are relative to their supply/demand AND the amount of money in the economy; back in the days, the TOTAL number of dollars in the economy were much much less than what they're now so $1 was worth more & could buy more stuff back then but govt & banks kept on creating more. Why? Because it's profitable to "create" money