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Home › Blogs › time*treat's Blog › Bernanke: Gold is not money

Bernanke: Gold is not money

Published:

Central banks hold onto tonnes of gold as a matter of "tradition".

This is the guy "Nutty Professor" should have been about.

Begin at the 4:30 mark.

http://www.thestreet.com/story/11184107/1/ron-paul-attacks-bernanke-on-gold.html

(Locked)
Entry #587

Comments

Avatar jarasan -
#1
Thank You!
Avatar TigerAngel -
#2
Yeah, I heard about this. Thnx for posting.
Avatar four4me -
#3
country's have always used gold as a monitory standard until oil came along
Avatar truecritic -
#4
CapitalOne might ask..."How much 'assets' do you have in your wallet?

Some foods have gone up 100%.   Pistachios happen to be in a current circular on sale $5.99/lb. About 2 yrs ago, same store, they were $2.99/lb. I definitely believe the 35% figure for many other food items.
Avatar four4me -
#5
when the fuel prices went up so did everything else especially goods and services --- went the fuel prices lowered the goods and services didn't change.

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