Bernanke- Gold is NOT Money

This is a video clip of the ages. When people look back at the reason for the incredible global collapse they can look no further at the power that is held by those that are completely ignorant or dubious about the very principle of what is money.

“Gold is NOT Money.” -Ben Bernanke

“Gold is Money. Everything Else is Credit.” – JP Morgan

Money is a medium of exchange.
Money is a unit of account.
Money is a store of value.

Gold and silver have been used more as money, by more people, for longer periods, throughout history than any other form of money ever devised my man. It naturally is money and when we are done with the fiat experiment these precious metals will once again be reestablished as the standard for all money.

Thank Ben for the gift today and keep those QE iPad Apps ready to print.

7 comments to Bernanke- Gold is NOT Money

  • Ha-ha he probably is a very good poker player. I can’t guess when he says try and when he lies.

  • PitBull Pappa

    Obviously uncle Ben is lying & was put on the spot by Ron Paul… yet again…;)

    If gold is not money but merely an “asset” as uncle Ben so eloquently put it… then why does the constitution deem it as money?

    Keep stack’n… hold strong & go long…

    PBP

  • twisted titan

    WHEN THE LIES ARE THAT BAD AND THAT BOLD

    YOU KNOW THE END OF THE EPOCH CANT BE TOO FAR OFF

  • lastmanstanding

    Individuals like Bernyankme will never be seen in the light of day when the scam comes to an end. They will be hunted down just as hitlers psychos were after WW
    2.

    I fully expect to be treated the same way if I have done humanity wrong.

  • silverdoc

    The unedited version that mainstream won’t air:

    Ron Paul: Do you think gold is money?
    Ben Bernanke: No (fingers crossed behind his back)
    Ron Paul: Even if it’s been money for 6,000 years? Somebody reversed that, and eliminated that economic law.
    Ben Bernanke: Well, I’m the asshole. Would you say the FRN’s I’ve been printing are money? I don’t think they’re money either, but they’re a financial windfall for me and my cronies.
    Ron Paul: Why do central banks hold it?
    Ben Bernanke: Well, it’s a form of insurance against all my lies and bs.
    Ron Paul: Why don’t they hold diamonds?
    Ben Bernanke: Well, it’s tradition. Long term tradition to hold real money, especially when I crash the dollar.
    Ron Paul: (Laughs) Some people still think you’re tall

  • nibbler

    “When it becomes serious, you have to lie.” – Luxembourg PM Jean-Claude Juncker.

  • Vince

    Silver Shield and friends –

    Rarely do I ever bust out laughing at anything, besides America’s Funniest Home Videos, yet this definitely was one of those rare moments.

    I think Bernank for a second was like “shit, how should I respond?”. HAHA! I bet his banker comrades are giving him crap for that. Also, a coworker of mine literally called me stupid that I didn’t agree with Bernank.

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