Ron Paul vs. Ben Bernanke -- Rematch -- RP FTW
Posted February 28th, 2008 by Kyle Sanders
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I wish I had a better grasp
.
Serves me right for being an Ed major. I don't know what they heck most of the terms mean. I catch quite a bit, but much of it whizzes by.
One thing I never hear is - is there enough gold to back the money, if that standard were to be instituted? Does the U.S. have that much gold?
I must lay down now.
.
Read
"Creature from Jekyll Island". now.
Its realy a simple answer ...
Of course there would be enough gold .... IN A TRULY FREE MARKET. Thats the key point.
"Enough" gold wouldnt be defined by tonnage but would be defined by cumulative value. Since the amount of gold that exists in the world is relativly fixed, the value of a unit of gold would need to be periodicaly adjusted to create "Enough" gold.
This is a task perfectly suited to Free Markets.
They would adjust the gold price until "enough" gold existed.
Only thing is ... there has been extensive evidence that the price of gold has been artificialy held down for quite some time, preventing free markets from determining the proper price.
If governments would back off, the situation would fix itself ..
In answer to "Is there enough gold"
Hi, Zenpiper. If you're interested in finding out why it doesn't really matter how much gold there is available to back the dollar, get a copy of G. Edward Griffin's book, "The Creature from Jekyll Island". Mr. Griffin does an excellent job of laying out the history of the creation of the Federal Reserve system, as well as clarifying the value of gold in relation to how many dollars are in circulation. If you don't want to buy the book, perhaps your tax-payer funded public library has a copy--unless, of course, Mr. Griffin, in addition to being banned from Wikipedia, has also been banned from our libraries...
huh? banned from wikipedia?
huh? banned from wikipedia?
Bernanke is a Lying Sack of Excrement
INFLATION IS AN INCREASE IN THE MONEY SUPPLY. Inflation causes prices and wages to rise. The rise is not the cause of inflation.
Bernanke is lying. Probably, only he and Ron Paul understand what inflation is. And he is trying to obfuscate.
Until we return to the gold standard, our wealth will continue to be stolen by our politicians, and their creation, the Federal Reserve.
The monetizing the debt with inflationary fiat money accomplishes the same thing as a counterfeiter. It floods the market with more "dollars". Since these dollars are not wealth, and are not redeemable in any commodity of wealth, their apparent value lies in their relative scarcity. As more are printed, the scarcity is diminished.
The perception that they have value is based on the legal tender laws. They are money because our politicians say they are. Real money does not depend on any government to give it value. At the same time, real money does not allow governments (and central banks) to steal the wealth of the citizens. That's why our politicians will fight tooth and nail to prevent a return to honest money.
The only solution is to replace our politicians with honest statesmen, like Ron Paul.
Tell-tale signs
1. The smirk....a.k.a. "The good 'ol boys" expression of smugness.
2. The microphone grab....it's not going anywhere Bernanke, just like the economy.
A man who understands the economy ought to be President!
Let's turn this aircraft carrier around!
That smirk on Bernankes face
Makes want to smack him.
Poor Bernanke, he is
a loser, just like the rest of our government. If you haven't watched this youtube video please do, it will make you laugh. Bernanke is really either very stupid, or has his head so far up the government's Arse he will say anything to make it sound like he knows what he is talking about, but we all know he is blowing smoke up the dumb unknowing sheep that believe and trust everything they are told by our government. Enjoy!!
http://youtube.com/watch?...
Great points by Dr. Paul.
Great points by Dr. Paul. Especially when he spoke about the price of oil rising in relation to the price of gold over the past few years. If we were on the gold standard then gas would be exactly the same price as it was a few years ago.
Keep this going! BUMP!
Damn this is good! We have got to keep this going--send it around the world, folks! Long live the Ron Paul Revolution--don't you just love this guy!!!!
PUBLICIZE THIS!!
We should be bringing this to the nation's attention!
http://www.dailypaul.com/...
There are 12 federal reserve banks around the US. Let's get the meetups together to protest the worthless currency that has been forced on all of us, and organize rallies at the federal reserve buildings on April 1, 2008.
Let's spread Dr. Paul's message that we must eliminate the federal reserve!
The JOKE IS ON US! Our money is worthless!
http://federalreserveonli...
Be Informed
Get informed by a true patroit internet radio show at
http://www.republicbroadc...
I've learned so much on how to prepare for this economy disaster coming upon us. How to prepare for foods and family needs because we are going to need them
They have one heck of a line-up of good hosts thru out the day 24/7.
Folks, please give it a try and learn what you need to do because there's no stopping this crash coming. It's been engineered by our favorite people, the elites!
Lew Moore Will Be on R.P.R.RADIO
Many of you are unaware that I have joined the R.P.R.RADIO team in advertising and marketing. I'm also working with Al on first Look at www.rprradio in the segment we called Uniting the Revolution. Lew Moore will join the show at 7:20 am Central standard time. We are Uniting the Revolution here at www.rprradio.com as we have combine the precinct drive with the Taxday08 promotion. We continue to grow the Revolution as we cover the Post Offices across the country and the DC rally with granny. We will bomb Ron Paul's campaign if we have not hit the $2,300.00 limit and we will bomb only Ron Paul endorsed candidates so seek his endorsement. If you wish to help promote this event email the advertising department at R.P.R.RADIO to find out how. You can add the precinct leader button and the taxda08 banner and please put them up top on your sites as a start, do not wait on this. Please hit are chip in button as we prepare to hit real radio with ads promoting this event.
Uniting the Revolution here at R.P.R.RADIO
David
This is why Ron Paul needs
This is why Ron Paul needs to be heard. Of all of the different issues he brings up, to me this is the single most important topic.
I've been on the fence on whether or not i should raise my donations to the max - this video reminded me why donating to the campaign is absolutely necessary.
misguided
Bernanke can't change most of the problems with our monetary system, which he acknowledged. He is appointed to work within the structure in place. Mr Bernanke has actually criticized Washington's spending habits in the past. Congress needs to make the actual overhaul.
Don't hate the player, hate the game.
The name of the game -- Appeal to sanity
The hidden message in there is that the CPI is the wrong measuring stick to be using to measure the success of the dollar by the Fed. The relationship of PPI to CPI would be lockstep co variant if we were producing in line with our consumption.
http://www.bls.gov/dolfaq...
Neither metric should be used as a deciding factor to increase the rate at which money is produced as it is not in our best interest.
Yeah!!
Great performance from Ron Paul. Snappy and energetic! As usual, Bernanke spoke with a shaky voice and tried to ignore most of what Ron said. Although this time Bernanke actually agreed with Ron more than usual.
My hands have been tied
If you look at Bernanke whilst he's listening to Paul. -He's not giving any signs of disagreement which is humanly tough to achieve if he does in fact disagree. He's actually indicating 'I know'.
Yes, he has a shaky voice and quotes an act of law to cover his arse. He is a puppet and his hands are tied by the bankers that put him in charge of their bank. Bernanke looks lost in space although he acknowledges many of Pauls analysis by agreeing as much he dare. Ron paul comes across as being very comfortable and astute with the topic by contrast. Good performance and Ron Paul gets the cheers from the traders on the floor doesn't he.
'I always think of all you canvassors and precinct leaders at the front line.
Good luck out there &Thank you. It's appreciated'.-fip -U.K