By RonPaul.com on July 13, 2011
Posted in Federal Reserve, Ron Paul in Congress | Tagged Ben Bernanke, Financial Services Committee, Gold, Inflation | 3498 Responses
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Wel in Belgium I thought that if you wanted to open a store u needed to accept money for ur goods ( € ) but yes, the system is a big ponzi scheme it is created that there is always more debt then there is money. U got any good books about it? I already read from peter schiff: how an economy grows and why it crashes / Crash proof how to profit from the coming collapse
»crosslinked«
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ron Paul has the patience of a hmm… of a saint, yea thats it
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Nothing backs our dollar…
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Nothing backs our dollar…
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How is the gold market doing?
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Pretty much what I was getting at
Except I don’t think the government forces people to accept it. People just have blind faith in it being valuable, which is the only thing that really gives it any value. Kind of ironic.
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2 Homeless Guys Make $6.1 MILLION in 5 Months!? SHOCKING STORY Reveals How.. THUMBS THIS UP! Please visit ==> EmpowerNetwork.es
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“If gold isn’t “Money” then why does the US still commission the mint to create denominational coins in the stuff. Accept a certain amount of humility when you’re wrong, it pays dividends.”
Gold is a type of metal and money is an illusion which people are indoctrinated to believe they need to earn in order to “purchase” resources they need to live that are naturally provided by the earth. Money is made from these same resources.
Therefore, the US is demented.
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The money has no real value, we are only able to spend it because the government forces us to accept is as a payment method. It is not backed up by anything and loses purchasing power every day! ( Is this a correct answer, I’m learning alot from Ron Paul and Peter Schiff for the last 3 months )
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If gold isn’t “Money” then why does the US still commission the mint to create denominational coins in the stuff. Accept a certain amount of humility when you’re wrong, it pays dividends.
Bernanke was wrong and so are you
Money
Webster – something generally accepted as a medium of exchange, a measure of value, or a means of payment
Encycleopiedia Britainica – an extremely liquid asset, measured in a standard unit of account and capable with certainty of discharging debts expressed in that unit
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“Tradition”? are you seriously fucking kidding me right now bernanke? you fucking jew i hope you get cancer and die in a horrible death you son of a bitch!
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mutherfucker ben bernake hope you die fuckface they onley thing he could say to proteckt him is it a tradition fucking lier tradition of what son of a bitch to take money from peoples pockets !
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i did short clip of this video when ben bernake got buttfucked on this question i love ron paul hes legend
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Thank you Bernanke and Geithner for selling us to China. Why do we put up with it?
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Ronald reagan said we dont own a single ounce of gold and thats true look up the u.s marked gold in china you will be surprised
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The United States was taken off the Gold Standard in 1971 under Richard Nixon out of fear that the United States would not be able to produce enough gold if the consumers asked for it in exchange for dollars. The U.S. dollar is a fiat currency. It has no intrinsic value. The only value it has is it’s needed to pay taxes. If you don’t pay taxes you go to jail. That is what gives it it’s legitimacy. The Gold Standard severely restricts monetary policy and once people realize this the better.
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I’m not fond of Bernanke, but I feel sorry for him here: having to sit there and listen to such tripe. “I don’t see how it could be any worse.” Ever hear of the 1930s? That’s what we would have had if the likes of Ron Paul were in charge of the economy. Trying to balance the budget and keeping to the gold standard are exactly what caused the Great Depression. The recovery of every country dated from when the dropped the gold standard.
I could say more, but I’m running out of space.
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Ben “The Fucking JEW” Bernake.
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Its TIME to STAND up as a NATION as a people no matter what your skin color or background may be and take back our LIBERTY and LIFE FROM THIS CORRUPT GOVERNMENT! Government cant give you what GOD has already given you. WE the people are the employers of the government the government answers to us NOT us the people answering to this joke of a GOVERNMENT. Check out my channel GOD Bless. New video posted the “RED ALERT! AMERICA STOP PAYING TAXES NOW!”
watch?v=akzqq157WCc
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Berms me
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Ron paul “then why do central banks hold it?”
Bernake “Uh…… -_-……..Tradition….”
Ron paul “Fucking idiot”
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Ron Paul= Gandalf
ben bernanke= grimer worm tongue
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I GOT MAYBE 300 DOLLARS OF ALUMINUM CANS SAVED UP I KNOW I KNOW CANS LOL IT IS ALUMINUM A METAL THAT NOTS A CRASHING DOLLAR WHAT DO YOU THINK PLEASE PUT IN YOUR INPUT THANKS
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LIKE A BOSS!
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LOL I don’t even have a job!
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LOL I don’t even have a job!
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Awesome identity theft! I hope you are not rich…that’s not because I mean to say that you shouldn’t be successful…but rather Ben is one powerful dude, and if you had any wealth he could sue you for libel. LOL!
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2 words…FUCK YOU!! YOU CAN SHOVE THAT DOLLAR BILL UP YOUR ASS CRACK!
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“Why don’t you keep diamonds then?”~
Classic slam dunk of a point.
He previously held up an ounce of silver.. and pointed out that before Obama got into office.. it was worth 4 gallons of gas..
… and now it’s worth 11 gallons of gas. That.. my friends.. is money.
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sss
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Lol his answers were legit huh? More like pointless rhetoric. Do you even know how the Fed works? Ever heard of the gold standard? What gives the money in your wallet right now any value? Probably things you should figure out, then watch this again.
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Great video. Check out this video as well: bit.ly/YG9YWz?=dsdfs
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Bernanke’s answers were pretty legit. Ron paul just caters to his looney supporters.
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“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men…..” -Woodrow Wilson, after signing the Federal Reserve into existence
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My point, and I assume Ron Paul’s point, is that gold WILL feed someone’s family in times of economic crisis due to it’s usefulness and the fact that it is generally viewed by the rest of the world as a more hard currency
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