Yahoo News: Bernanke Fights Ron Paul in Congress: 'Gold isn't money'

[sailingaway]

http://news.yahoo.com/bernanke-fights-ron-paul-congress-golds-not-money-152626447.html


Chairman Ben Bernanke faced-off with Fed-hating Representative Ron Paul during his monetary policy report to Congress on Wednesday. The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold. “Gold isn’t money,” Bernanke said. (See video below).

While most of Bernanke’s reports to Congress serve politicians to pursue their own agendas by gearing the Chairman towards their issues, with Republican Rep. Bacchus talking of the unsustainability of Medicaid and Rep. Frank (D, Mass.) asking about the need to raise the debt limit without cutting spending, it was a stand-off between Bernanke and Ron Paul that took all the attention.

Read more at link.

[rp08orbust]

http://www.youtube.com/watch?v=2NJnL10vZ1Y

[AGRP]

Welcome to the land of Oz; where gold isn't money and marijuana has no medicinal properties.

[axiomata]

He could have gotten away with saying gold is not legal tender but the statement that gold is not money shows the world just how defunct this central planner's economics are.

[axiomata]

Welcome to the land of Oz; where gold isn't money and marijuana has no medicinal properties.

No, not money. But what a fine yellow brick paving stone it makes.

This outrageous statement is the lead at drudge.

[LibertyEagle]

He was best at the end. lol. Bernanke was over the coals.

[stefank]

http://www.drudgereport.com/
Its the headline of drudge

[thehungarian]

"Why don't they hold diamonds?" That was terrific.

[smithtg]

GO Ron GO! This made goldseek.com already as well

I love the internet!

[Gumba of Liberty]

The only way it could have been better is if he followed up with either:

"The Constitution says that only Gold and Silver are legal tender, what country do think this applies to?"

or

"The US Mint coins Gold and Silver Eagles, are they not money?"

[trey4sports]

that has to be the best exchange ive seen in a loooong time!

[ravedown]

"the average housewife"...? RP is so sexist.

[TCE]

"the average housewife"...? RP is so sexist.

Would you rather he be PC and say "the average househusband?"


that has to be the best exchange ive seen in a loooong time!

Completely agree. Something has gotten into Ron lately, I tell ya. He is more driven than I've seen him in a long time.

[Napoleon's Shadow]

The condenses version...





http://www.youtube.com/watch?v=2Dj9v9s9buk&feature=player_embedded

[sailingaway]

Would you rather he be PC and say "the average househusband?"



Completely agree. Something has gotten into Ron lately, I tell ya. He is more driven than I've seen him in a long time.

I think he has a plan, a strategy, and he's living it. I expect we'll figure out what it is, by and by, but part of it seems to be using the presidential campaign to the fullest, all out, to win if he can and change things, regardless....

How often have we wished he would interrupt Bernanke blather?

[Acala]

Lol!

"Uh . . . tradition" Or animal spirits. I forget.

[heavenlyboy34]

The only way it could have been better is if he followed up with either:

"The Constitution says that only Gold and Silver are legal tender, what country do think this applies to?"

or

"The US Mint coins Gold and Silver Eagles, are they not money?"
I suspect Bernanke's answer to that would be either "they are collectibles" or "they are investments" or something along those lines to dodge the issue.

[ravedown]

i loved when ron said, 'why not diamonds' and bens expression was, oh shit.

[TheBlackPeterSchiff]

Headline on Forbes
"In Exchange With Ron Paul, Bernanke Lands Best Punch" :(

[mczerone]

I'm sure that the international community loves to hear that the Fed only holds gold because "its a tradition".

[Romulus]

Pwnd!!!!

Ron has hit his stride!!

Ben had the OH SHIT going! "Gold is not money" Priceless!

[Romulus]

The only way it could have been better is if he followed up with either:

"The Constitution says that only Gold and Silver are legal tender, what country do think this applies to?"

or

"The US Mint coins Gold and Silver Eagles, are they not money?"

That would've been the cherry.

[mczerone]

Headline on Forbes
"In Exchange With Ron Paul, Bernanke Lands Best Punch" :(

Headline on RPFs: In article by Establishment Apologist, Bernanke fellated.

[sailingaway]

Headline on Forbes
"In Exchange With Ron Paul, Bernanke Lands Best Punch" :(

LOL! That sure isn't the headline that's gone viral!

[georgiaboy]

so great. The long, silent pause by Bernanke speaks volumes.

[DamianTV]

This needs to be Front Page. Bernakes Remark that Gold Isn't Money.