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

  1. romanowskicm

    obviously the banks needing a bailout, which in reality is the govt investing in the banks despite the keyword used, wasnt a good thing, but given the circumsances it saved the economy.

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  2. SamFreedom

    Why do you suppose Bernanke didn't say that?

    You might say that gold is no longer money but it was and will continue to be just as an installed dictator is a puppet that replaced the real deal.

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  3. orangedac

    don't waste valuable Sprite

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  4. orangedac

    fractional banking is nothing more than money counterfeiting with gambling losses of Federal Reserve cronies (private banks) offloaded onto the backs of suckers (taxpayers).

    100% con artistry which the founding fathers warned against.

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  5. pileon1999

    Libtards love to demonize the goldbugs. the bottom line is this. We have a fiat currency. Obama and Bernanke have vastly increased the rate and level of "quantitative easing". That's printing money for you Libtards. The currency is being debased. Real inflation is well over 10% for the last 3 years. The politicians we supposedly "elect" are selling us down the river. You should have a substantial portion of your assets in precious metals. The dollar is about to fail as the worlds "safe haven" c

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  6. 2wilburc

    The Fed seems to have neutralised risk for several large banking houses, hasn't it?They made huge losses and get rescued by the Fed.Where's the logic in what you say?

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  7. romanowskicm

    not getting into a debate on youtube, but gold isnt money, gold is a nice hedge instrument in times of inflation, but gold isnt a base currency, nor would it be immune to cartels controlling it the way its with oil now, the dollar is commoditized, & there will always be fractional banking, otherwise no risk = no free enterprise,, good luck

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  8. Pumdash

    I spewed Sprite all over my desk when me mentioned diamonds. This made my night.

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  9. SamFreedom

    Lol, you can't admit it, either! RP used dialogue very craftily the way it is best used.... to give the viewer the realization of what is often hidden.

    WHY NOT DIAMONDS? lol!

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  10. 9pt9

    "why don't they hold diamonds" lol

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  11. David Lister

    ince (Bretton woods summit 1944) when american currency went into deficit to supply the rest of the world with currency (triffin effect). Simply put, look at average weekly income 1971 and divide by Oz of Gold then look at 2011 average income and dived by gold. Then you will see the inflation due to triffin effect. Bernanke is US policy makers cant save a flawed system.

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  12. David Lister

    I can see both sides of the argument. Bernanke is correct in what he says, but Ron Paul from a classical economic viewpoint has a better grasp of monetary system. The Fed and most of their economists have a flawed understanding of the monetary economic system. Simply put, if people dont believe in the greenback its not worth anything. They had to leave the gold reserve because of the Triffin effect 1966 and thus the 15 april 71(nixon shock). It could never have gone on. Things were unraveling s

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  13. NYCphilanthropist

    Imagine if he gets elected to be the next president. Ron Paul I salute you for putting this scum bag in the spot

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  14. romanowskicm

    mad at what? thanks for clarifying

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  15. xzjatx

    Stop using strawman against me. I have not and do not advocate the USA using a gold standard, I have merely pointed out your biased viewpoints as being flawed.
    U mad bro? U must be mad, I bet u mad

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  16. romanowskicm

    its not, Bernanke pretty calmly told RP the real deal

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  17. romanowskicm

    Theres cartel waiting to monolpolize gold just as has been done with oil. What exactly do you think a gold standard would cure?

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  18. xzjatx

    A system that could compete globally with the use of commodity backing would be interesting for sure.

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  19. xzjatx

    The definition of a word has nothing to do with history? Wow... I'm done here.

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  20. romanowskicm

    lol whats the past have to do with anything? get a grip goldtard

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  21. xzjatx

    ffs go educate yourself pls... Gold and other commodities have been used as money for CENTURIES.
    /wiki/Money#Types_of_money

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  22. orangedac

    What we need is exactly what Ron Paul has suggested -

    Locally competing currencies issued by private entities. Gold would compete along side these currencies to keep things honest.

    Its the only way to free us all from the slavery of private banks monopolizing/hijacking our money system and using it for their own agenda at our expense.

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  23. SamFreedom

    I cannot believe how fucking funny the last minute is! Bernanke can't admit gold is money! lol

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  24. romanowskicm

    Sure you could, but gold isnt money, I suppose you could excahnge it, on a precious metals market, but gold tied to a nations wealth? Why when its about production. If germany had more gold hoarded away than the US does it make it more wealthy? Really Gold Money would simply by another commodity tied to the dollar, and one that doesnt grow on trees, Is peak oil real?

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  25. xzjatx

    I could do the same with gold, that's my point.

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  26. romanowskicm

    Sure youd just need to exchange youe Yen for Dollars

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  27. xzjatx

    Did I ever once advocate the system? No. I simply stated why people wanted it and the failures of our systems to function in their responsibilities.
    And money was never "pegged to gold" originally, it was a gold certificate, gold was the money not vice versa. Similar to how a piece of plastic is a credit certificate.
    Also, pls note the gold standard lasted less than 100 years, whereas the US was founded on bi-metalism due to international trade.

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  28. romanowskicm

    Wait one thing is to talk about how the govt spends money ....to pegging to Gold, is another animal

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  29. xzjatx

    Limited understanding of failure? I work in the financial sector they lose money constantly from continuing mortgage failures, they aren't even slowing down they are backed up for YEARS in processing.
    While the gov't continues to think of "projects" and "regulations" to predict the unknowable. Yet "Here let's throw more money at it" is all they seem to try to do, while congress stalemates for years on a budget. Where is Clinton when we need him?!

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  30. xzjatx

    We used to be able to, yes. This was called Gold Standard. Silver, Gold, Copper, Iron, Salt, Cattle, and other commodities were used as money. The dollar was once a value of silver (silver dollar) and was ratio'd to gold.

    Oh and last time I checked, I can't pay my mortgage in Yen, but it is still money.

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  31. romanowskicm

    ? No alternative is better this point, it isnt gold peg, or austrian or anything...peope who complain have a myopic view and limited understanding of the big picture

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  32. xzjatx

    "For good reason" As the world's banks fail to control fiat currency... lol?

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  33. xzjatx

    "For good reason" As the world's banks fail to control fiat currency... lol?

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  34. xzjatx

    Some people hold to the stagflation a few decades ago as a prove that keynesian economics are false. Albeit, it did prove that it wasn't concrete on a single point, and from that era we have seen a change in perspective... Currently we experience in the US an 8 yr reverse of that perspective back to keynesian with stimulus and bailouts that imho would make even Keynes shudder.

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  35. xzjatx

    I'm not Austrian. And Gold Standard isn't exclusive to Austrian thought.

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