Ron Paul : Why do central banks hold Gold? Bernanke : Tradition

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Information Ron Paul : Why do central banks hold Gold? Bernanke : Tradition

Title	:	Ron Paul : Why do central banks hold Gold? Bernanke : Tradition
Lasting	:	1.07
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Ron Paul was our last hope in the political world Best president we never had
Comment from : Silver Star Eagles

Article 1 Section 10 of the US Constitution is clear, without question, that gold and silver are money Let us read what exactly it says, because it is so clear that the trash FIAT currency we use today is UNCONSTITUTIONAL:brNo State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of NobilitybrThat is why Bernanke paused, he knew the implications of him saying YES to the question proposed at the 0:32 timestamp The US Dollar would get wrecked, as it should for the piece of FIAT trash that it is ALL FIAT currencies, throughout all of history have returned to their intrinsic value of zero That was the conclusion of a study of over 600 now dead FIAT currencies and the US Dollar is heading to a value of zero as we continue to inflate the US Dollar supply That is what is fantastic about gold and silver, it cannot be printed like FIAT
Comment from : Sniffer in Chief

"Why do central banks own gold?"brbr"Because we want to have real money after our ponzi scheme collapses"brbr"Is gold money?"brbr""
Comment from : Man Texas

Why does Dr Paul pretend that banksters, like Bernanke will honestly answer his questions? brIs Dr Paul a gatekeeper? brbrConfusion is the seedbed of fraud
Comment from : Danvil

Owned
Comment from : Jay Dee

i have yo gold white nigga😂
Comment from : im the 1st Hueman On Earth

Ron Paul ripped him apart
Comment from : 5aral

BEST schooling of Ron paul to the clueless confused bernankeyou are always a legend drpaul
Comment from : GoldMan

"tradition" I think someone is lying
Comment from : knpstrr

Arrest this little prick
Comment from : Sebastian Fischer

Ron Paul is such a fucking idiot and his followers think that he is some genius who "schooled" BernankelolbrbrA money is whatever govt deems money Gold is not money And a commodity who's value is constantly fluctuating is never a good thing to base your printing of currency on There is a reason why we moved away from the gold standard Paul refuses to evolve and is stuck in the "good old days" mind frame And I also laugh at his followers that buy gold for investments because they believe that someday dollar will get so devalued that gold will save thembrbrRon Paul: Some ppl think gold is moneybrbrYes Ron, those ppl are idiots
Comment from : WorldlyBong

"Are US Treasuries Money?" ANSWER: FUCK NO! Just ask the world right now if US Treasuries are money! BAHAHAHAHAHA
Comment from : Loren Kim

"Do you think Gold is Money?" NOSo why does Central Banks hold it? Why dont they hold diamonds b*Crickets*/b LMFAOYOU JERK OFF BERNANKE
Comment from : Loren Kim

Ron Paul 1 bernanke 0
Comment from : Inkulabi

Fucking conspiratards community is huge on youtube, especially when it's finance related
Comment from : 蟲師ギンコ

Tradition Makes total sense
Comment from : phazon25811

ron just smiled and was probably thinking "jesus christ i cant believe this fuck still has a job" lmao
Comment from : Slowhiteguy

"to the extent that the last few years have made people worried about the potential of a major crisis" he should have added the words "caused by me"
Comment from : Freddy Krueger

Oh his answer really is "tradition" what a weird response i wonder what he was going to say Because its valuable i think maybe
Comment from : damok9999

I fucking love ron paul
Comment from : J B

He is very qualified to run the fed
Comment from : carlos morales

If you look at his body language, you know he is lying
Comment from : Drew Huang

The only us politican with brain thumbs up
Comment from : M N

I like this video There are so many of ways to make money online Online Treasure Gain is making my mums friend just under $1,750 every 7 days for the last six months Discover how you can too Search Google for the words Online Treasure Gain :)
Comment from : mdmohin007

Quite wrong
Comment from : Akkupati

Why are you robbing me ? Its a tradition LMAO
Comment from : Leon Horti

You are right Better trust the guy at the printing press
Comment from : Sm3rti

the national debt can only be paid with gold not paper money so how is it that the federal reserve has none ?if theres no gold what backs the dollars?it seams to me the federal reserve should be eliminated for two reasons it a fraud its not constitutional the fed wasn't constitutional to pass or ratify just like the united states code the interstate commerce clause and many others codes in fact almost the hole government is and has been since 1936 unconstitutional
Comment from : MrDaleaaaa

Medical Doctors are some of the most intelligent people when it comes to politics
Comment from : Subzeppelin1

Just a note to let you know I accidentally voted you up while trying to downvote you I'd hate for you to come back here one day and get the impression someone actually agreed with your moronic statement and be emboldened to make more
Comment from : maxdecphoenix

Um, no, mrpaul, its not fucking money- it's a fucking metal
Comment from : Cmo256

Kids, if you are reading this, dont get your information from the youtube comment section and the pseudo-intellectuallts that inhabit them
Comment from : Cmo256

Agreed Although you can't eat gold, and tyranical governments can outlaw possessing gold, or using it as a medium of exchange, it has been used as "money" for 6000 years In turbulent times, those that are best prepared will have tangible assets including arable land, seeds, farming skills, water resources, energy (or ways of producing energy) and skills to harvest and preserve food Gold and Silver will ALWAYS have value and needs to be part of the plan to hedge against runaway inflation
Comment from : Archangel0804

well, technically he's right, gold is no legal tender but an asset however gold can be seen as a reserve currency in a crisis when theres no confidence in paper anymore
Comment from : 0PongLenis

Really? What are all those tons of yellow stuff underneath that big, brown building at 33 Liberty St, New York, NY? (oh not all of it's theirs? well yesbut who hordes it and more to the pointwho controls it)
Comment from : Ian Billen

Tradition :-) Ah Ah Ah
Comment from : Gildo Bacci

Establishment troll
Comment from : quietman1k

What are you an imbecile, you do realize that the United States gold reserve was looted covertly right under our noses, stolen by the bankers who privately own the Federal Reserve Usury is a felony and this small group of banking oligarchs should be hung for theft!
Comment from : quietman1k

What the hell are you saying? Are you BB's kid?
Comment from : rifiG

So, why is it that this person who spent most of their life studying economics "never saw" the economic crisis of 2008 coming while the doctor of medicine predicted it in 2003?
Comment from : BoDiggety

HOLY SHIT! SOMEBODY JUST GOT PIIIIIIIIMP SMAAAAACKED!!!
Comment from : BoDiggety

Tradition is the right answer It would make more sense to hold aluminum even though it takes a lot more of it Aluminum is almost a perfect way to match to the average energy cost These days, if you have energy, you and produce just about anything Example: We are running out of fresh water Salt can be removed from seawater if you have energy
Comment from : Ken Smith

Tradition lie to the people is tradition
Comment from : Gildo Bacci

Unfortunately, Ben Bernanke :)
Comment from : TheMabes69

If gold is money, and money is gold, this means that, once a liquidity crisis starts, the demand for gold would increase This would drive up gold’s real value even farther, intensifying the crisis A destructive feedback loop would develop, leading to a complete meltdown of the financial system and the real economy This is exactly what happened in 1930 Gold isn't money, nor should it be, but it should be used to define the value of the dollar
Comment from : i only smoke cookies

very smart man
Comment from : eddie bagodonuts

Let's see, a medical doctor who spent most of his life studying medicine is debating monetary policy with someone who went to school for economics and has spent most of his life studying economics Which one is out of their league?
Comment from : Dann of Steel

So the constitution is wrong? It states that gold and silver are legitimate currencyit was those damn progressive federalists that changed it over and ruined this country with their paper money not backed by gold
Comment from : G00GLE CHR0ME

hahaha
Comment from : TheKootas

Bernanke is ridiculous, go RON PAUL
Comment from : Gildo Bacci

I was interning at a libertarian think-tank (who shall remain nameless) and they played this clip for us all mocking Bernanke But really it was Paul who looked like a moron Is gold money? Obviously it's not, you couldn't walk into the grocery store and pay them off with a gold nugget Gold can be made into coins that are legal tender, but gold itself doesn't fulfill the definition of money Whether or not it should is a different question, but Is it money? OF COURSE IT ISN'T!
Comment from : apc0243

I know right! He probably had a cigarette after asking itlol
Comment from : Oh Yeah

NICE!
Comment from : Oh Yeah

Money is a made up by man and backed by gold apparently Or why do they hold it? Oh yeah tradition that's right Real money is not gold Oh that Ron Paul almost got metricky!
Comment from : postedge75

What
Comment from : Orion q

Well I have a peculiar way of thinking about the word 'money' I uploaded a video "redefining money" While you might disagree with my opinion, it is a mistake to think that I was speaking from an uninformed position And I am a big Ron Paul fan But while I may like a man, and agree with most of what he says, I reserve the right to disagree with some of the things that he says
Comment from : TheAngryCanary

Ron paul asked why do they hold it ben answers truthfully, tradition but, didn't answer the underlying purpose the question emplied
Comment from : Robie Trites

In my opinion, the question "Do you think gold is money?" can be answered in more than one way eg No, gold is structurally different from money And Yes, gold and money can both be used as currency to trade for things
Comment from : Rogerio34567

i like ron paul but gold isn't money Kind of makes you realize why no one takes him seriously
Comment from : TheAngryCanary

Bernanke ist the speaker of a group of thieves It's about time for justice which can only come from the streets by building up pressure, describing the theft WITHOUT conspiracy theories or antisemitic components We have to be prepared BEFORE they push the reset button
Comment from : Gonzo Gremliza

Ron Paul: Do you think gold is money? Ben Bernanke: No It's not money it's a precious metal LOL
Comment from : Psalm23

Bernanke reminds me of "Baghdad Bob"remember him? He told the news reporters, "American tanks will not enter Baghdad"as US Tanks were rolling right behind him Maybe "Baghdad bob" would feel right at home in the Federal Reserve Banks!
Comment from : MrGchiasson

Ron Paul is the smartest person alive I've never seen anything like it He wins arguments he didn't know he was in
Comment from : THEECF

Somehow, the "like" button just isn't enough for this one! ( PS I orig watched long time ago)
Comment from : Ledbetta77

Ron Paul is worth his weight in gold Ron Paul had Bernanke's head spinning
Comment from : randclan4

A gold backed currency is one which can be redeemed for gold at any time Gold need not be physically traded Just that it has to be redeemable on demand to prove it is gold backed Bernanke was trying to BS his way through and made a fool of himself
Comment from : orangedac

Zbshogun-
Comment from : copernicus633

Another EXCELLENT vid on YouTubeThis is a MUST-WATCH for ALL, regardless of your Political ideology "Banking - the Greatest Scam on Earth" by BOKNOWSENTERTAINMENT
Comment from : Archangel0804

AlsoI am not partisan Both parties do NOT represent the peoplethey are enamored by powerlust and greed They are puppets to the elite The sooner the populace learns this fact the sooner we can be UNITED instead of DIVIDEDand the sooner we can take back our Republic
Comment from : Archangel0804

I would suggest you watch (as frequently as possible) "Fabian4Liberty" Channel on YouTube This guy is spot on Personally, I have ZERO trust in the Globalist Bankster Corruption, which is headquartered between the IMF, The Bank of England and The US Fed Another great video to watch on YT is called "A simple history of bankingmp4 " This vid does a great job going over history of banking, money and fiat currencies
Comment from : Archangel0804

I am a Christian, but not Evangelical Why does that matter? As to the InsultsYou drew first blood by calling me "a fool", and making the assumption that I "knew nothing about economics" WRONG Here is a thought for youDo you really TRUST everyone in our Government? Do you TRUST all of the board members of the Fed? This has nothing to do with being smarter than board members of the FEDIt has to do with the biggest Ponzi scheme in the history of mankind Get a Clue
Comment from : Archangel0804

NoYour ass is way too stupid to have ANY degree I put ZERO personal information on You Tube (another smart move)lately people on YouTube are getting visited by The Secret Service (See PPSimmons Channel for the latest) I assure you, I have a Masters in Economics Believe what you want thoughas I have no axe to grind
Comment from : Archangel0804

"Money is constantly being devalued by inflation" Explain WHY inflation occurs, Einstein It doesn't "just occur" on its own It is because we use a FIAT CURRENCY, and the more useless paper you print, the less it is worth You need an ECON class& while U are at ita spelling class too ("wether") Right now many foreign gov'ts have stopped trading in US Dollars (BRICS Nations) Many foreign banks have excess dollars, When they are repatriated back to the US, we will have hyperinflation
Comment from : Archangel0804

YeahThat is why I have a Masters Degree in it, Einstein
Comment from : Archangel0804

40 24
Comment from : walendxweg

check out the new RON PAUL music video!! Search "FESHAMON"
Comment from : Joe Loove

Vote Ron Paul 2012 !
Comment from : wingrovedl

We won't have 50 yrs before this comes to a head and it all comes crashing down Global Economic Collapse Global Chaos and Global War is where we are all headed, Bernanke and Obama (if re-elected) are driving the train and are pushing on the accelerator full throttle The Result? Welcome to the New World Socialist Order
Comment from : Archangel0804

And you left out the entire part about their monetary trouble The bankers started out using a gold system After the 3rd century, Nero debased the currency (ie, the minting of coins with diminishing content of gold and silver, replaced with worthless bronze) which led to inflation This, coupled with increasingly oppressive and arbitrary taxation, led to a severe net decrease in trade, and the overall wealth of the Empire That is a factU can look it up
Comment from : Archangel0804

Something tells me I'm about to hear a story about how the Romans stopped minting gold coins, and the end came swiftly :)
Comment from : BJK

The Roman Empire fell for several reasons: 1) The Germanic tribes finally matched the Roman legions in terms of weaponry and organization 2) Successive plagues (smallpox, influenza, etc) killed millions between 180 AD and the reign of Justinian three and a half centuries later 3) The Roman Empire was never a real democracy; they never embraced the concept of a peaceful transfer of power In the 3rd century alone, the legions put close to 20 men on the throne Two or three died natural deaths
Comment from : BJK

So, China is destroying its own environment (hurting itself first and foremost) We get almost no oil from Iran anyway (shrug) More importantly, oil will cease to matter as a major energy source in another 50+ years b/c most will already have been burned for fuel or made into plastic I'd be much more worried if the rest of the world decided to stop selling us coffee I'm not kidding about that either
Comment from : BJK

And your comment shows that you (and two "thumbs up" youtubers) don't know the first thing about Economics
Comment from : Archangel0804

Why do you libtards believe we have so much energy production, when in fact we have a President who is ceasing operations of coal plants thru regulation, signed an executive order to seize all production of natural gas in the US, nix the idea of the XL Pipeline (which would increase refinery and reduce dependence on Mid East Oil), Curtailed drilling of oil in the gulf, and against drilling in Anwar Province in Alaska? OhYou MUST be talking about the Presidents advances with SOLYNDRA!! LOL
Comment from : Archangel0804

China is not run by Islamo-fanatics like Iran They don't want to risk nuclear war with the US, Russia, or any other country with nuclear weapons Whether or not Chinese currency knocks the dollar off its perch doesn't change the basic fact that the US is one of the few countries with a large scale economy in terms of food and energy production Meaning a trade war hurts them much worse than it does us As for assets, what could they seize realistically? Besides the stuff they sell at Walmart?
Comment from : BJK

WOWU are really showing your ignorance Ocean or not, There is a thing called an ICBM, and they have an enormous stockpile of nukes They boast the largest standing military in the world They have stealth fighters & a lot of the same technology that we have because they have hacked our databases and stolen critical information They are best poised to become the next world reserve currency If we default there will be repercussions Even with no war they could seize our assets in exchange
Comment from : Archangel0804

I will agree that it is a function of supply and demandand right now, the demand for Gold has made it worth $1721 in one oz bullion and Silver at $3471 in one oz bullion It has gone up 18 per year (as an average) over the last 11 years Is there any investment on Wall Street paying that kind of return? Is your checking, savings accounts,or CDs paying U that kind of return? Entire governments are buying it up and hoarding it in anticipation of out of control inflation I rest my case
Comment from : Archangel0804

Would China be pissed off? Sure That raises the ultimate question, however: what could they really do about it? Confiscate all the junk they sell at Walmart? Stop trading with the US altogether? I'm hardly the one being naive The fact is, we're not North Korea We don't depend on China for our food or energy needs And the presence of the Pacific Ocean between them and us makes a military invasion pretty unlikely
Comment from : BJK

At the end of the day, the value of "any currency" reflects aggregate supply and demand for that item As I noted in another post, other cultures have used tangible items like feathers, seashells, and tea as currency Aside from tea, these tend to be rare objects that carry status symbol, but like gold and silver, have no intrinsic value beyond making pretty ornaments
Comment from : BJK