Ron Paul questions Ben Bernanke 11/18/08

[Bindare_Dundat]

[Soul Crusher]

Ron Paul is the only one up there with a clue as to what is going on.

[Bindare_Dundat]

[stormshadow]

Awesome clip.

Why do we not have a gold standard? Oh thats right, because we need an "Elastic" currency to permit growth of the economy.

[Slapper]

Awesome clip.

Why do we not have a gold standard? Oh thats right, because we need an "Elastic" currency to permit growth of the economy.

Not for growth. Economic growth can happen in any type of market, although it requires eveyone produce something of value. Why we do not have a gold standard anymore is because a bunch of rich guys decided so almost 100 years ago.

[Slapper]

You know, Ron Paul says the truth and Bernanke has no choice but to agree with him on most things. The only problem is that Bernanke will not openly say that he is not the real boss and that it is not up to him to bring back the gold standard. Instead we have all this "yes, I agree with you congressman, but it is what it is" bullshit verbal ping-pong games.

[Eyeball Chambers]

Cool video

[MuscleMcMannus]

A gold back currency can coexist with other systems but to say it should be the only system is foolish.  Paul is very misguided in many ways.  Currency doesn't  have to be backed by gold anymore than it has to be backed by corn.  People who think like this have no concept of money creation nor do they understand the complexity of the 21st century economy.  Gold backed currency is a  start but it's no solution.  Besides the powers that be would end up controlling all the gold just like they control the creation of money.  You have to put the power of printing money back in the hands of the U.S. Government i.e. the people and not a private banking cartel called the FED>  

[Bindare_Dundat]

 

[IFBBwannaB]

It seems like he's the only one who gives a fuck these days 

[Soul Crusher]

It seems like he's the only one who gives a fuck these days 

The government needs to go bankrupt like the auto makers.  We need massive restructunig so that taxes can be drastically cut on people.

[MRDUMPLING]

I think that is Ron Paul's real message when he wants to bring back the gold standard.  Which is to give the power of printing money back to the people.  What I really like about Ron Paul is he just uses gold as an example, he has said before that our money just needs to be back by SOMETHING of value to the world.  Also, I like his idea of competing currencies.  I would like to hear more on that issue too.  Did anybody watch the questioning of the automaker CEOs yesterday?  Those guys, especially the CEO of Chrysler is a crook!  The guy thought he was entitled to the money!

[Soul Crusher]

I think that is Ron Paul's real message when he wants to bring back the gold standard.  Which is to give the power of printing money back to the people.  What I really like about Ron Paul is he just uses gold as an example, he has said before that our money just needs to be back by SOMETHING of value to the world.  Also, I like his idea of competing currencies.  I would like to hear more on that issue too.  Did anybody watch the questioning of the automaker CEOs yesterday?  Those guys, especially the CEO of Chrysler is a crook!  The guy thought he was entitled to the money!

They need to go by the wayside.