3,960 responses to “Ron Paul vs Ben Bernanke: Is Gold Money?”

  1. ERKSCH MAN

    The market fluctuates, look at the price of gold today versus 10 years ago. Gold HAS steadily risen for a long time, yes there have been some temporary drops, but the OVERALL TREND of gold has risen. nma.org/pdf/gold/his_gold_prices.pdf – this only has info up to 2011 but if you want to do some homework look up 2012-13 yourself. You should also become familiar with the term quan·ti·ta·tive eas·ing. Read stuff, maybe you’ll understand.

    »crosslinked«

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  4. Peince Riebus

    Yes I wish Ron Paul was prez so we could have taken our 15 trillion dollar debt to a 20 trillion dollar debt OVERNIGHT when gold crashed. Technically it doesn’t even matter under fiat, but if we were tied to the gold standard it would only get worse. Ron Paul is a shill for big biz libertards, acting like he is against the “greedy 1%” when he promotes the ‘freedom’ of said businesses to fuck over whoever they please just makes you look like an idiot

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  5. Peince Riebus

    Bernanke makes Ron Paul look like the Austrian jackass that he is, stuck in the past on the gold standard…wow this clip is so juicy.

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  6. Peince Riebus

    Proof the fed printed money? Oh wait, you are just relaying what you heard in an article. News flash: Fed exchanging one type of money (bonds) for another (cash) is not inflating the money supply, therefore we won’t see any inflation. I mean have you seen it yet? no. guess why? because you are wrong P.S. The price of gold has not steadily risen for a long time, the price of gold dropped from almost 1800 to 1225 this year.Get a clue before you try and teach something, you sound like Ron Paul

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  7. Peince Riebus

    Congress is only destroying it by not doing anything. Anyone with half a brain knows this, although you probably won’t get too far trying to explain that to a bunch of Paulturds who think we would be better on the gold standard….lol GOLD DROPPED TO 1225 LESS THAN A MONTH AGO WHERE DO YOU THINK THE DOLLAR WOULD BE??? idiots I tell ya…

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  8. Peince Riebus

    Then try and pay your taxes in gold you fucking hipshit (mix between hipster and dipshit) P.S. Ron Paul retired so you morons will have to follow another idiot who tries to simplify complicated things

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  9. Peince Riebus

    Shut the fuck up and quit scaring people, you don’t know shit, fool.

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  10. Peince Riebus

    Ron Paul is a moron, of course gold isn’t money. Maybe when he was born. Old fuck needs to get with the times!

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  11. Majlerin

    Ron Paul is a hypocryte. Google and read “A Libertarian’s Lament: Why Ron Paul Is an Embarrassment to the Creed”

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  14. SilverTurtle65

    Thank you for sharing great information, I started a Chanel Silverturtle65. Its about how to invest in Silver on a budget with ideas on how to preserve your money with Silver, Its a great time to buy Silver at today’s prices under $20.00 per ounce, Thanks I subbed.

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  15. Mo Azim

    Ben Bernanky has an extremely hard job and is doing amazing. He’s doing this single handedly while congress is only hurting his progress. Now, I like Ron Paul I feel he’s a man of great moral, but no one in congress can say anything to Bernanky. Congress is destroying this country, Bernanky is saving it. Learn about what he dose before you have an opinion.

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  16. Mo Azim

    Is gold money no no it isn’t. Was it money yes. We are far beyond this as a society. Gold is just as useless as paper money if you think about an apocalyptic situation. Also paper money makes up a small portion of all the money thats in circulation. Its ok if you fully understand macro. As long as theres low or natural unemployment and trade, were ok. All the money in the world cant buy u anything if theres no one making anything. Gold will be valuable as a commodity, but cheap.

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  17. missgOObee

    It would be great to have someone like RP, however, the system is so corrupt anyway that the Presidents that are in power are selected and not elected. There is a false image to the mass (which swallow up the bullshit rhetoric) about democratic participation through the voting system. Everything is calculated and implemented to benefit the Greedy 1%. Has anyone noticed that Greed is not an act for it to be an official crime?

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  18. bombboy90

    3:40 14 trillion dollars in debt…….

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  19. ERKSCH MAN

    the fiat system destabilizes our economy a lot because of the fed always printing money which devalues the money we already have in our pockets. Gold backed money wouldn’t allow this manipulation. The price of gold has steadily risen for a long time. But the fact that the federal reserve has less than a trillion dollars worth of gold and wouldn’t have enough to cover all the money currently in circulation makes it pretty much impossible to make the switch back now.

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  20. LiamborninDC

    going back to the gold standard would kill our dollar’s value even more though.

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  21. francis giamanis

    was I right? pray to it right for the food you want?

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  22. francis giamanis

    but its involved should come get me to do it

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  23. francis giamanis

    NO!

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  24. ERKSCH MAN

    he was talking about going back to the gold standard and not fiat money, and questioning the motivations of the fed behind it. he wasn’t talking about literally carrying around gold to pay for things.

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  25. Charly10538

    It deeply saddens me to know we had an opportunity to elect the last great patriot, and we failed. The political machine is corrupt, broken, and bloated system. The rule of law and our basic rights are trampled daily. We have become a warmongering empire. We have created a culture of dependency, immorality, and quite simply, a stunted people. We can do better.

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  26. Eric Ring

    Paul was right about a lot of things here, but Bernanke was right in saying that gold is not money. Try paying your rent, light bill, or car payment with gold and see what happens. Money is primarily a medium of exchange (a store of value, yes, but so are other assets.) If a commodity it not commonly accepted as a medium of exchange, it is not money. Gold, therefore, does not meet that definition.

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  27. Eric Ring

    Paul was right about a lot of things here, but Bernanke was right in saying that gold is not money. Try paying your rent, light bill, or car payment with gold and see what happens. Money is primarily a medium of exchange (a store of value, yes, but so are other assets.) If a commodity it not commonly accepted as a medium of exchange, it is not money. Gold, therefore, does not meet that definition.

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  29. Austin Wilkins

    “Some people still think it’s money” – This guy is great.

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  30. ThemTheyHeShe

    Feds would never allow Ron to become president, they took care of Kennedy because he signed Executive Order 111110. They want a muppet like Obama who has so much to hide so they can blackmail him about his forged birth certificate.

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  31. Gcracker3000

    Actually, in the U.S., what we call paper money is made of a fabric composed mostly of cotton. Lose the caps.

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  32. Gcracker3000

    Aside from rare/collectible currency, a $100 note can never be worth more than $100. Inflation insures that $100 never stays $100. Thus it can never increase in value against itself. Buy $100 of gold, silver or any precious metal & see what it’s worth in 5 years. Of course gold has value. It was a rhetorical question. I just find it odd that they seem to down-play it’s value while hoarding all they can. It’s a hedge against financial collapse. They don’t want it in individual’s hands.

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  33. Justin Leo

    Just good old Ron Paul kicking ass and taking names again

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  34. KENT MAXWELL

    You’re all going to Die if you all wait to Die…Attack now !

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  35. klesks8686

    I don’t think we would be paying directly with gold, some of the critics of the FED want a gold standard, meaning the money is backed on a fixed quantity of gold. It’s not likely that will happen though.

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