Ron Paul teaches Bernanke Austrian Economics 11/18/08

Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke at the House Financial Services Committee hearing, November 18, 2008.

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[nesheeeev]

If he doesn't win it in the USA can we borrow him for our country pls (Bulgaria).We are in a desperate need for dome common sense politics :)

[HomicidalDonut]

The dollar system is dead  - Ron Paul, 2008

The dollar is dying - Everyone else, 2012

Really, this guy predicted everything that's gone wrong for the past 20 years, why does nobody listen to him?

[KuhoinX]

and i personally can not understand using gold as international currency because the needs for such currency is always increasing due to expanding trade and commercial activities, while gold reserves is limited so this will certainly lead to speculators hoarding large amount of gold for risk free profits and everyone will be reluctant to spend gold currency as well

[KuhoinX]

@megadeathx i would think you guys can see the logic problem of such relationship but i guess i was wrong. Paul states the evidence that US dollar is losing the former international status and recognition, however this is very different from declaring it dead. it is like saying US is losing power but you can't say US is no longer the strongest country in the world because no one can replace her. similarly dollar is not dead because there is no substitute to replace it

[megadeathx]

@KuhoinX Ron Paul makes points and uses historical facts and analogies to declare that the dollar is dead. Bernanke states simply that the dollar is not dead because other countries continue to use it. How exactly is a statement better than a litany of evidence? Ron Paul clearly made the better point in this exchange. Wrong he may be about it being dead, he is describing the obvious condition of the dollar in relation to how it had been intended to exist.

[TradingTutor]

@HomicidalDonut Pshhh, the establishment politicians are getting rich this way, don't ruin it.

[KuhoinX]

@HomicidalDonut this is exactly where he made mistake, jess X0 /facepalm

in 2008 he said dollar system is dead and in 2012 he changed his statement to dollar is crashing. it is natural for something goes from dying to dead and not from dead back to dying. it is time when Ron Paul fans realized that Paul is also a human and he is not an economist, he CAN and WOULD make mistake. you guys are acting like Obama fanatics 4 years ago

[420wizzard]

@HomicidalDonut nobody wants to hear they are wrong sadly. But for once in American history, do the right thing. Vote Paul!

[tantillumomnia]

@KuhoinX Actually Paul put a very well structured argument about the dead of dollar system and Bernanke just "said" that dollar system is not dead.

[1RastaWarrior]

@KuhoinX The dollar $hit$tem is dead because every dollar in circulation has been borrowed. It's strength in the world market is artificially inflated by credit. However, a currency $hit$tem backed by credit, in reality, is worth nothing at all. This is point Paul is making that Bernanke misses.

[KuhoinX]

Ron Paul did not teach Bernanke

quite the opposite, Ron Paul has this false impression that dollar system is dead and Bernanke told him it is not.