261 responses to “Ron Paul Asks Ben Bernanke: How Do You Define a Dollar?”

  1. FiUiCiKiBenBernanke

    Bernanke's defines a dollar as a leash for sheep.

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  2. phazon25811

    People don't wanna buy gold, they wanna buy food and gasoline? WTF?

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  3. Scott Beach

    The United States dollar is defined in Section 5112 of Title 31 of the United States Code (http://www.law.cornell.edu/uscode/31/usc_sec_31_00005112----000-.html). That section provides that a dollar "is 1.043 inches in diameter" and shall "have similar metallic, anti-counterfeiting properties as United States coinage in circulation on the date of enactment of the United States $1 Coin Act of 1997."

    The melt-value of a dollar is currently about 6 cents. So 94% of the value of the dollar has been destroyed by Congress, by a process named "debasement", not by the Federal Reserve Banks. Those banks "inflate" the money supply while Congress debases it. These two processes should not be confused. Congress and the Fed are equally to blame for the destruction of the U.S. dollar.

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  4. aaroncoats1

    Who's the fat guy in front? lol

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  5. thethorn42

    Ben is clearly rooting for his own interest=P

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  6. Smokr

    I find it interesting that he says the definition of a dollar is 'what it buys', like "food and gasoline." But when he tells us what inflation is running at, he won't include the price of food and gasoline.
    And this guy has probably not been in a store since his college days, if even then.

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  7. OblivionFireStorm

    Chaos...

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  8. atchisrj1

    I want to buy gold. I don't know were Bernanke get's his information from.

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  9. kh

    Bernanke is a ex-Goldman Sachs exec./international money changer who primary job is to keep Israel safe. Unfortunatly the productive world like China is on to us.

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  10. simonkism

    abolish the FED

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  11. MissScarlett27

    Totally like an angel or saint asking the devil to play fair. Reason against massive illusion. A massive feat to overcome. People are so absorbed in their matrix of dependency and false security. So sad, I try to tell everyone. Few care.

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  12. slumberco060

    wait... I don't want to buy gold? Sure buddy, I want to buy what ever you say I want to buy. They don't even know that they are lying.

    It's like saying, 'we need to stay safe and on the boat' when there is no fucking water to float on. And somehow it works, because not only is everyone falling for it, EVERYONE IS DEMANDING IT.

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  13. blackswanflea

    So dollar is what it does... sweet:D

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  14. mikebrisebois

    It's like an angel trying to get an honest answer out of the devil. Scary when the financal leaders don't share the same defenition of a dollar.

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  15. thepie8u

    ROFL dude at 3:45 is sleeping back there

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  16. FreedomFromUsury

    Bernanke could care less for America and the Dollar. The Federal Reserve Bank is as American as The Bank of England.

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  17. urbanagain

    Bernake is nothing but a dirty, rotten, selfish globalist, liar, and it raised a gigantic red flag when Obama kept the douche bag on his payroll.

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  18. ThePatrioticJew

    BEN BERNANKE 2012.

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  19. drpepperlover00

    It is interesting that Bernanke says that the dollar is defined by what it can buy, namely, food and gasoline. Gasoline and food inflation are both completely out of control! Go to the grocery store and fill up your gas tank and try to tell me its costs the same as it did last year.

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  20. msiclife20

    This is for the people who don't understand what just happened in this video. What Bernanke just said your money is actually worth: bit(.)ly(slash)ih14ne.

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  21. 123lmnopqrs

    "You raise an important point Congressman. Our mandate is maximum employment and price stability."
    After that, everything Bernanke just said was either misleading ("consumers don't want to buy gold"), entirely untrue ("inflation in the United States has been... around 2% for some time"), or suggested something positive when it was largely irrelevant ("stability of unemployment has been much greater").

    I respect the mafia more because it lies and steals less.

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  22. joker52mlb

    This dude is like Cato or Cicero going up against Caeser, and not for personal gain but for the good of the people. I wish more people would at least read into some of the things he or his supporters advocate.

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  23. ostric145

    Bernanke....B for BASTARD!

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  24. NLAnonymous

    Ron Paul would be a good President.

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  25. nikolayzou

    End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed End the Fed

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  26. ProgressiveInAmerica

    How do you define a batshit crazy racist Nazi who smells like poop?
    Ron Paul

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  27. ProgressiveInAmerica

    If you want to define the word dumb fucking idiot, then just say Ron Paul.

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  28. YoungSeungSKY

    remember remember the November the Fifth....

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  29. Badjohn007

    I'm sorry but Ron Paul is pissing in the wind. He's not going to change a damn thing. The reality s gold is just another inanimate object designated value by men which is why a paper dollar is now the world currency. The evolution of currency won't be a return to the gold standard but rather a cashless society. This was figured out long ago. Technology has changed the landscape and things will never be the same.

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    1. Libertarian777

      another person with a fundamental lack of understanding of Ron Paul's stance and the function of money.

      The fact that a society is moving technologically towards electronic exchange does not mean there needs to be no backing to a currency.
      Just because I do an online bill pay on the internet, there is still cash that is being transferred, albeit only via a book entry on my bank and your bank, but the currency itself is still there.

      On the other hand there are purely digital monies such as bitcoin which is an alternative.

      Ron Paul is not saying everyone has to use a gold and silver standard. He is wanting competition in currencies. He is saying that, as stated in the constitution, the GOVERNMENT is restricted to coining money in gold and silver. Additionally gold has a 5,000+ year history of being used as money, and he suspects that in the long term people will still revert to gold.

      He wants to get rid of legal tender laws, and open competition in money. Then people have a choice of which money they wish to use, be it a gold or silver coin, a gold / silver paper receipt, a gold / silver backed electronic entry or an electronic entry that is nothing more than an accounting entry (this actually is exactly what a 'share' in a company is nowadays). If you wanted to save all your earnings and get paid in facebook credits that would be your choice.

      My choice would be to get paid in gold and silver. Electronic accounting would be fine, provided the custodian was audited monthly.

      End of the day, you and I do not have a choice of which currency we wish to utilise to exchange goods and services for.

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  30. EGGIESTORM

    Bernake is so full of shit!

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  31. noncontributingzero

    If people don't want to buy gold then why is it $1400 per ounce?

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  32. iLitka

    How much does Ben Bernake hate waking up in the morning on the days when he knows Ron Paul is going to be waiting for him at the office?

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  33. jennalos

    im canadian and i love listening to this man talk. if he doesnt become the next president i hope he moves to canada because we need more people like ron paul. end the fed v is for vagina and victory ....... both are good :)

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  34. 9992ube

    Even you toothless hillbilly trailer trash have experienced the deflation (negative inflation) that Bernake has talked about. Deflation is when the price of a S&W Sigma .40 (or 9mm) drops from $400, to $350, to $300, to $272. Google (Shopping) "S&W Sigma". Savy yet?

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  35. pryorka82

    "inflation has been around 2% for the last few decades" HAHAHHAAHA....oh wait.. he was being serious.

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