Wednesday, July 13, 2011

Is Gold Money?

Today Ron Paul asked Ben Bernanke, "Do you think gold is money?" Ben answered, "No."

Gold is clearly used as money and central banks and people are busy buying gold. In 1912, J.P. Morgan told Congress, "Gold is money. Everything else is credit."

Ben Bernanke is delusional:

Ron Paul also highlighted the banks were bailed out and the consumers were ignored.