Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011

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Information Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011

Title	:	Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011
Lasting	:	5.33
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Bernanke was more correct than people think in saying that the federal reserve does not spend money Because how would it? The fed does not do money They do psychology
Comment from : Evolve

Bernake is PUPPET FROM ROTSCHILD
Comment from : Mustafa Altindag

Bernanke the GOAT
Comment from : Coalman

and the recipient of the 2022 Nobel Prize in Economics is Ben Bernanke
Comment from : Efrain Rodriguez

The best President we've never had🇺🇸💖
Comment from : J M

Ron Paul is God Tier
Comment from : Ron

Hah, wait until 2020 my dudes We print ourselves into a global economic collapse
Comment from : cheebug

Now someone expose how this snake is trying to make us believe the 51 trillion costed us nothingbrGold is not money? Maybe Bernanke never read the constitution
Comment from : victor arregnelle

This didn't age well, turns out Ron Paul was a moron the whole time
Comment from : Haxiam

“Is gold money?” ……………… babsolutely stunned/b “no” My god Ron Paul ran CIRCLES around his political opponents
Comment from : Phil McCloskey

More important now than ever
Comment from : MrBadAim

🤔 why don’t they hold diamonds?
Comment from : John Connor

Mr Paul tried but you can’t win an argument with dishonest people!
Comment from : Michele Rucker

This is the real reason prices are so high now folks It’s the fundamental problem with our central monetary system
Comment from : Iknowthelaw

Bernanke says he doesn’t believe gold is money nor does he think the dollar is money, yet the fed has lots of gold Ron asks bernanke why doesn’t the fed hold diamonds and his response is is tradition Such lies and you can see it and know they are trying to keep people from seeing the fed is a scheme
Comment from : Nate Cannon

Interesting how Ron Paul said gold has been money for 6000 years It's not even remotely true, gold has only been used as some sort of currency or store of value for no more than 4000 years, and the first gold coins were only made 2500 years ago But Ron Paul is a young earth creationist, and they believe the world is only 6000 years old, and I think that's why he picked that number He thinks it's been used since the dawn of humanity, and that that happened in 4000BC Just goes to show how monumentally stupid Ron Paul and everyone who likes him is
Comment from : Sid Arthur Gortimer

Ron Paul is the best President we never had
Comment from : Phillip Duncan

He really did not want to say we can create gold just like diamonds
Comment from : Terry Tatum

A good economy for some but bad for most Just the way they like it
Comment from : Mattakusisgreatness

Immortalised Ron Paul dumbness
Comment from : T

Its the way Bernanke looks annoyed its Ron Pauls turn for me
Comment from : william sewell

Why would Bernanke talk about profits when the money he is so called profiting from he can just print? I think the FED's real profit$ is what there fony money can get an not necessarily the money itself
Comment from : NobleOne

This needs more views
Comment from : Spaghetti

Is tradition money?
Comment from : kim hawm

Perhaps that was the most important question in the monetary history of our age We will only recognize the value of gold when we can no longer buy anything for paper
Comment from : Florian Wabl

Listen to Bernanke's voice tremble in his testimony
Comment from : MidnightChef

Gold isn’t money
Comment from : The Strict Life

ARREST THE FEDERAL RESERVE NOW! ALL CRIMINALS!!!!
Comment from : James Brown

Dr paul often fumbles his words quite a bit, but he was quite articulate in this discussion and it added nicely too the ownage
Comment from : Matt

Ron knows who owns the FR yet had to protect his family
Comment from : T C

Bernanke is right, get mad lol
Comment from : Red User

"Gold is 1500 USD" , almost ten years later 163015 USD
Comment from : rebelgusanos

Hilarious that so many people seem to think that Paul came out of this looking well All he did is showcase his complete economic illiteracy His simplistic ideology only appeals to other economic illiterates This is like an 8-year-old asking an astrophysicist "well if the world is round how come all the people in Australia don't fall off?" and all the idiots on the comments saying "ha, that stupid science bitch got PWNED!" Ron Paul is even worse than his son, and that's really saying something
Comment from : Sid Arthur Gortimer

imagine having phd in economics and having to explain what money is to some dickhead
Comment from : geezer

It's Tradition guys don't worry
Comment from : FAD

thank mr bernke
Comment from : S B

The "original intent" of the Constitution was not to bail out failing companies We need booms and busts This man is a criminal
Comment from : Svetlana Svetlacy

He owned his ass! Ron Paul is gangster!!!
Comment from : Sunshine Smiles

Legendary
Comment from : slappyhappy14231

2011: “put the biggest economy of the world in hands of clueless academic guys”br2021: “biggest economy collapses”brbrbr“What did we do wrong?“
Comment from : MIP PL

Bernanke got REKT
Comment from : Scott

Dr Paul’s laugh at the end of Bernake’s ridiculous answer is priceless
Comment from : Jay Dee

Ron, best president USA didn't vote for Price varies, because printing fiat as debt endlessly means that currency loses purchasing power within the economic system it is used in price and value are two different things as different as money (gold) and currency paper (used to be receipt for gold) Bernanke says tradition yes, for about 5000+ years , however gold is just a metal, it's no more innately valuable as say, paper, but people have always valued it on the fiat side, you might get 40 years before it becomes worthless take your pick Gold is money, who really knows why but it is
Comment from : Uni Mail

Gold is not money? WTF? It’s the only thing that is moneylol, all I know is I want to hold what central banks are holding
Comment from : Jay Dee

Wait, so Ron Paul, the Chairman of the Subcommittee on Monetary Policy, does not understand that the Fed had nothing to do with TARP? He also doesn't know that gold isn't money? How did this guy have the brainpower to breath? It just feels like he just gets his news from crackpots and doesn't really understand how the Federal Reserve works This is like when the GOP puts climate change deniers in charge of environmental policy
Comment from : AnOriginalName

Mr bernke schooling these dumb goldbugs lmao
Comment from : LNhart

damn bernanke is based as hell
Comment from : Yagot

Get em Ron, had bernanke shaking in his boots
Comment from : Silvertarian

Ron Paul - good Man! :-)))
Comment from : Monsterknecht

4:59
Comment from : IronBolas

Ben Bernanke is an American hero
Comment from : Will Wesson

Classic video! I actually just made a video about buying 24K pure gold jewelry as investment as a hedge against the dollar I did an unboxing of Mene jewelry by Goldmoney You can watch it here: youtube/cLkJv5EqVMc
Comment from : Factitious

Money is like a unicorn to the Feds LOL Come on Bernanke did a good job
Comment from : Lord Cromwell

Gold & Silver are natural money It's literally money from nature Thus, there exists no money that is more fitting for a country that has as the Supreme Law of the Land, the Natural Law ie "Common law"
Comment from : Chuichupachichi

Is the FED A nonprofit? Im FED UP
Comment from : M- Nice

Lmao Ron Paul is a quack
Comment from : lost gam3r

So the Fed was made to prevent Financial panic; by Not being Truthful but keeping the Rhetoric that the “boat is still floating, despite the evidence that water is pouring in”
Comment from : roylikesitlikethat

The Pauls are so fucking stupid, there is no political ideology dumber and more internally incoherent and contradictory than libertarianism
Comment from : TheSpiritOfTheTimes

Alan Greenspan is Satan
Comment from : Lord Humongus

The Fed and the hole banking system is the biggest fraud and scam humanity has ever build They create money out of nothing and slave all nations with debt to pay intrest on it The Fed is a private organisation with hidden shareholders and they have only one goal power, profit and slavery to everyone who is not playing to there rules!
Comment from : Chris Kleiner

fiat currency debate lol just get rid of all our gold like canada
Comment from : Sam Miller

Ron Paul is the man To all the people confused by the gold thingwould you rather have gold coins from the 1800s, or paper money from the 1800s?
Comment from : GiantOctopus0101

You can almost see the piss stain on Bernanke's pants getting bigger at 4:59 to the end - look at the dumbfounded and scared face he makes when Ron Paul asks him if gold is money
Comment from : Christopher Irons

You cannot understand the Fed until you realize its purpose is a complicated scam perpetrated by a cartel of privately owned banking corporations
Comment from : Robgoren

Yea I like Ron Paul but he was all over the board on this one probably because he had a lot of issues to cover in a very short amount of time Just seems like a Bernanke bashing session more than a discussion ‘Is gold money?’ Came out of nowhere
Comment from : Bert Smith

Risible politicianry: Paul makes a statement, which he pretends is a question Bernanke begins to answer the question; Paul stops him, saying there's no time for this Paul makes another statement, which he poses as a ridiculous question Bernanke answers, and Paul laughs this offbrbrI'm uncertain why some people feel inclined to view Ron Paul as an economics messiah, and Ben Bernanke as a Faustian joke Paul is not dumb, but Bernanke hardly is ignorant or thoughtless Irrespective of one's views on the Fed's decisions during the 2008 financial crisis, Bernanke is a very highly-regarded and -qualified mind in the arena of economics
Comment from : Commando303X

Boom!
Comment from : Sean Malowney

I had no idea what Paul was talking about
Comment from : Rohan Indra

His answer is question 🤔
Comment from : Derek Schmitt

Since gold is not money (aka Bernanke at 5:01, but merely tradition, central banks have been habitually engaging in rituals at an alarming pace This is the big lie Gold is the power money of central banks yet American financial interests don’t want citizens understanding this fact Meanwhile, the truthful messenger must be shot, not to reveal a deflated dollar, but unfortunately allowing countries that promote gold ownership an excellent price Can you say gold backed Yuan? By Germany pulling their money out of the fiduciary custody of the Fed, many questions are raised about tradition "Gold isn't money, its a tradition!" Funny Basel III capital rules putting gold as a Tier 1 asset with supreme collateral must mean central banks are engaging in extensive ritualsbrbrHow I see it
Comment from : James Hanson

Gold is treated like a commodity to prevent Federal Reserve notes from being worthless Inflation will see to that state regardless anyway only 4 of its original purchasing power remains
Comment from : VMichial

Where's my fucking money, Ben? I want my fucking money!
Comment from : izdatsumcp

Gold is the best and the true 💰
Comment from : najlaa youness

BEN SUCKS
Comment from : nuclearthreat545

Why the HELL does a gynecologist feel competent to spar on macroeconomic issues with someone with a Phd in economics?
Comment from : Daniel Cappell

ITT: gold bugs that don't understand how monetary policy works and why gold as currency is horribly inflexible and leads to more economic instability
Comment from : estray

Bernanke hesitates because he's floored by how STUPID the question is, and he's choosing his words carefully to not look insulting or disrespectful Saying that idiot Ron Paul just makes you look ridiculous
Comment from : SC1089

gold isnt money lmfao wtf this is 2017 not 1534
Comment from : alex robinson

the value of gold would collapse if the united states, and other central banks, dumped their gold, and silver, positionsbrbrand yes the only reason why they use it has reserves instead of diamonds is because of tradition
Comment from : alex robinson

ahhh diamonds da beers and Cecil Rhodes propoganda that diamonds are rare
Comment from : Inkulabi

17,000 dollars are you freaking kidding me ! Yeah that might help American Families for a change
Comment from : Old Man

Ron Paul : "Why do central banks hold it [gold]? brbrBecause they want only the fake money to circulate as money You can buy gold and silver with fake money, but you can't use it as money
Comment from : anatureperson

Bernanke dropping some of that Hot Econ logic on Gold fetishest Ron Paul
Comment from : maccoat

Bernake is correct because Ron Paul is asking the wrong question br'Money' is of course a social concept, the idea that there's something inherent in gold that makes it 'money' is absurd He should start further down at the root of why someone might choose to base their money on gold
Comment from : Angles

4:56 One guide on how to detect a person is lieing states "Also, be aware of flashes of distress, characterised by the eyebrows brbeing drawn upwards towards the middle of the forehead, causing short lines to appear across the skin of the forehead"
Comment from : Freddy Krueger

How is one suppose to feel sorry for the people when the people don't care about their well being They had a chance to vote Ron Paul in and they didn't enjoy your unemployment and enjoy loosing your houses
Comment from : pixelTRE