Ben Bernanke Schools Ron Paul on Gold

For the latest Ben Bernanke, go to http://BenBernankeBlog.com -

Consumer spending is an important issue, but the congressman is mistaken in saying that the Federal Reserve has spent any money. They have lent money. That's not dissipation of the money. They have got all of the money back.

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[aviomaster]

- Mr. Ron Paul how do you expect USA military industrial empire to LIVE ON GOLD standard ? bombings invasions etc. - Mission Impossible

[trevuar25]

the Federal Reserve creates currency from nothing, therefore inflating/destroying the currency that I (the common man) hold. So essentially the Fed is stealing the money I'm holding by inflating it. Ben Bernanke = elitist scum who doesn't understand that a dollar isn't money, it's currency. Gold and Silver are money, dollars are fiat(paper/valueless) currency.

[codyjames01111]

@Commander034 Hmm?? The banks were issuing more paper money than they had Gold reserves available. It was the poor management of the banks that caused the depression DURING Van Buren's presidency.

[fargoth7]

you mean ron paul schools ben bernake on gold

[EnhancedCognition]

@Commander034 Gold is stable money. When nations operate under a gold or silver standard they do not have the booms and bust such as you would find with the federal reserve note. Gold standard acts as a check on government deficit spending as it limits the amount of debt that can be issued. A central bank could not create unlimited quantities of money at will, as there is a limited supply of gold. The federal reserve note could have worked if it were not for US government war and global policing

[Commander034]

@codyjames01111 That's all untrue and uneducated lies. The central bank was destroyed by Jackson so it had no effect. The deficit stopped existing as well under Jackson. What Jackson did do though, was place all the government's money in untrustworthy "pet" banks that had made bad loans and as a result, collapsed. Jackson's specie circular policies had caused a large majority of the population, who only had paper money, to become broke over night.

[nomorelibertyecu]

Thankyou Mr Bernanke for creating market bubbles and making impossible for any american save money. CREDIT economics and a market that is ruled my debt. Thank you thank you for helping the banks become overwhelmingly rich while making it impossible for middle class people have a good life. Inflation Inflation Inflation haha I laugh at his answer, so making profits off american tax payers money ok where was their Bailout and where is my check from those billions of dollar you made from my taxes

[MrMattieRich]

and where exacly is the schooling? this is probably a govt troll channel

[MrMattieRich]

@redsmaniac11 great point

[sheissehead]

There's a blog and channel dedicated to the defence and glorification of one of the worst humans alive? Really?