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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261 Comments:

  1. People are you so blind that you cannot see.. You are all going down financially if you don't vote Ron Paul. Tell your friends!

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  2. semperFi4ever100

    I'm sure Bernanke didn't understand half of what Paul said.

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  3. Notice Ben avoid answering the question ... he should be tar and feathered !

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  4. Barneke is a liar.... he thinks he is smart.... he is a follower of "Yoda" Greenspan who advised the repeal of the Glass Steigal act ,this took the last protections of the bogus Federal reserve system to allow derivatives , it is betting on loans that will go bad ! is this normal banking ? betting on and trading bad loans !

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  5. I hear Bernanke was caught in the toilet with Pee Wee Herman, is that true?

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  6. Ron Paul says congress and the fed are symbiotic, but a better definition would be parasites.

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  7. The only way Ron will ever convince these idiots that he is right is if he declares he has a magical crystal ball that see's the future. Ben and the other ivory tower keynesians are either too stupid to see what is happening, or they know what they are doing. Both circumstances are unacceptable. Ben and Obama don't believe in the basic concept of old is money; this is the problem. They dont believe in 6000 year fact or the facts of the past decade or past 3 years. They are smart people which leads me to the conclusion they know what they are doing. If they know what they are doing; then they are doing this on purpose. But for who? NWO, bilderberg, trilateral comish, CFR, your secret dictators. When the money is worthless be prepared cuz the riots are coming to the US of A. Good luck to all that are paying attention; cuz the rest of the population will never ever see it coming.

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    • Identity Supressed

      Begging your pardon, but Adam Smith doesn't believe gold is money either!

      Read chapter 4 from Wealth of Nations, it is titled: Of the Origin and Use of Money.

      Adam Smith clearly states "...money is wealth and wealth is money, the two are synonymous..." He further explains this through the principle of intrinsic value. Gold has no intrinsic value, it is only worth what people "artificially" ascribe to it. Food has intrinsic value, it sustains life. Water has intrinsic value for the same reason. Smith even goes so far as to say cattle are closer to real money than gold and silver!

      So the argument that gold is somehow superior to paper is ignorant, for both rely on the very same FAITH that owners place upon their artifical money, be it gold, silver, or paper. Now if your agument changes to people have more faith in gold and silver than paper, I won't argue but that doesn't make any of them real wealth (money).

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      • Adam Smith clearly states “…money is wealth and wealth is money, the two are synonymous…”

        This is a logic fallacy.
        It is wrong. Money is a means, and wealth is an end.

        You can say "clothing is protection" in conversation, but you know that is just using a synonym word to explain what you will use the clothes for=one of its ends.

        Having more food increases your wealth. having more money does not, as we can clearly see every day, the price of food increases.

        I suggest you read Frederic Bastiat "What is money" to have the most clear explanation of why this is a logic error.

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      • 1971= gold 35 dollars an ounce
        2000= gold 350 an ounce
        2011= gold1590 an ounce
        holdyour paper all you want but if it dollars or euro's u will be broke.
        sorry but the majorityof the money in the US is electronic and its not worth the paper it is not printed on. Gerald Celente. one of the many people predicting this for years. open your eyes, the the value of the paper is the paper (in a ruined/no other use format), and the only entity mandating its value is the US gov for the monopoly fed, all at the end of the barrel of a gun. they force you to use it. dollars dont have intrisic value they have negative value. the dollar has lost 96% of its buying power since 1913. it has also lost 40% of its value in the last 9 years. you sir are either a keynesian (aka part of the problem) or blind, hopefully it is just the second.

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        • Identity Supressed

          You conveniently left out 1980= gold $800 an ounce!

          Gold DECLINED in value all through the 1980's and 1990's.

          Just a fact that you failed to note.

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  8. Ben the bilderburg boy does not care about the US economy all he cares about is the new world order agenda funny how these fed chairmen jump from one administration to the other just like the crooked Goldman sachs boys do shows you how crooked this country is why can't people see this

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    • Identity Supressed

      The majority of people DO SEE THIS... which is why they DO NOT VOTE.

      We need to engage the majority who are not voting and get them to just listen to Ron Paul. His integrity has convinced me to vote once again, after skipping out on the past 20 years, because all the choices were the same old shit, or a 3rd Party candidate that has no chance due to the corrupt two party political system we endure.

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  9. The dollar is any piece of paper back by IRS bullets. That is BEN's luciferian definition of a dolloar.

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  10. stephenmcdougald85

    why hasnt ben been killed yet... seems like there are enough angry people to do so lol

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  11. Bernanke looks like a total retard.

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  12. I wanna punch that SMUG ASS BERNANKE FACE right in the fucking nose as hard as I can!!

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  13. Shop at Aldis, they have cheap ass food there (i mean that in a good way).

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  14. I define a "dollar" as 0.75 TOZ .999 Ag, MoL. It's defined in the U.S.Constitution....

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  15. The "Value of the Dollar" Is the psychological assessment of worth based on ones feeling at any given moment of time. It is an illusion. noting more nothing less. The government uses lands that they took for free early in the development of this nation uses the trees from this land to print worthless paper and uses the media to assign value on that paper. sic ain't it.

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  16. FiUiCiKiBenBernanke

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

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

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  18. 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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  19. Who's the fat guy in front? lol

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  20. Ben is clearly rooting for his own interest=P

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