Friday, March 4, 2011

What Is A Dollar?

Ron Paul asks Ben Bernanke what is a dollar. This is a very important question.

Ron Paul: "What is your definition of a dollar."
Ben Bernanke: "My definition of a dollar is what it can buy."

Bernanke's answer says the dollar is backed by nothing. Meanwhile, Bernanke blames the rising price of oil for causing inflation. Actually, The Federal Reserve and Ben Bernanke are causing inflation, which causes the higher oil price. Bernanke is causing the problem, and then blames inflation on the problem he created!