Ron Paul Asks Ben Bernanke: How Do You Define a Dollar?

Ron Paul confronts Fed Chairman Ben Bernanke on monetary policy, and says that Fed policy has not helped to stabilize the economy over the last 30 years or so. Paul asks how the Fed can manage monetary policy if it doesn’t have a definition for a dollar. And, he adds, gold is the true long-term measurement of value

Date: 03/02/2011

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  • 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.

  • OblivionFireStorm

    Chaos…

  • atchisrj1

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

  • 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.

  • simonkism

    abolish the FED

  • 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.

  • 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.

  • blackswanflea

    So dollar is what it does… sweet:D

  • 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.

  • thepie8u

    ROFL dude at 3:45 is sleeping back there

  • FreedomFromUsury

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

  • 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.

  • ThePatrioticJew

    BEN BERNANKE 2012.

  • 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.

  • 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.

  • 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.

  • 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.

  • ostric145

    Bernanke….B for BASTARD!

  • NLAnonymous

    Ron Paul would be a good President.

  • 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