Bernanke's Biggest Error: Gold is No Money

Wednesday, July 13, 2011

Watch this historic exchange between Congressman Ron Paul and Federal Reserve Chairman Ben Bernanke. Fast forward to 4:25 minutes to see and hear Bernanke claiming gold is not money and the Fed only holds it out of tradition.


VIDEO: Fed Chairman Ben Bernanke says gold is no money. More explanations why gold is has been - and is - money for 4,000 years can be found here:To Puzzled Ben Bernanke: Gold Now Again Serves As M-O-N-E-Y

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4 comments

Anonymous said...

Thanks for spreading the word about this.

14 July, 2011 10:19
Anonymous said...

Ron Paul is right . Gold is no money. This is only a mean of storing a value in times of public distrust in government or just industrial material (metal) like the others.
Well, read some recent articles of Martin Armstrong, an economic genius and historian, who explains logically why gold can not be money (one of the reasons - there is no enough quantity of gold existing to serve as means of exchange in the world). Martin will hold a seminar soon (2500 $ per 1 day) but its worth to listen to him and learn. He is a hero fought by FEDS and divine Goldman Sachs because of his genius in predicting economical and political events). I used to follow Martin long before he was unlawfully thrown to jail for 11 years and he was a genius , you can trust me, as he still is 11 years ordeal.
I love almost all of your articles but you are not right re gold.

Lili

25 September, 2011 21:37
Anonymous said...

In my first sentence of the previous comment I said Ron Paul. Well, I meant Bernanke. In this only one point Bernanke is right.
Sorry for mistake.

25 September, 2011 22:31

If Bernanke is aware of the proper use of gold and the distribution of the dollar, I wonder why they still messed up the economy by not preventing the housing bubble bursting.

18 April, 2012 18:50

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