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Simply priceless.
Mesquite
Posts: 4,075 ✭✭✭
I like what Peter Schiff has to say in this piece.
<< <i>By claiming that gold is not money, the Chairman demonstrates his ignorance of much of monetary history. He told Congressman Ron Paul that he had no idea why central banks hold gold, before speculating that it might have something to do with tradition. Yes, traditionally gold is money, which is precisely why central banks hold it. And gold is money because central bankers like Mr. Bernanke cannot be trusted with a paper substitute. >>
<< <i>... by claiming that the dollar's exchange rate has no effect on domestic prices, Mr. Bernanke demonstrates that he probably lacks the competence to be a bank teller, let alone Chairman of the Federal Reserve. >>
<< <i>By claiming that gold is not money, the Chairman demonstrates his ignorance of much of monetary history. He told Congressman Ron Paul that he had no idea why central banks hold gold, before speculating that it might have something to do with tradition. Yes, traditionally gold is money, which is precisely why central banks hold it. And gold is money because central bankers like Mr. Bernanke cannot be trusted with a paper substitute. >>
<< <i>... by claiming that the dollar's exchange rate has no effect on domestic prices, Mr. Bernanke demonstrates that he probably lacks the competence to be a bank teller, let alone Chairman of the Federal Reserve. >>
There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
–John Adams, 1826
–John Adams, 1826
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In God We Trust.... all others pay in Gold and Silver!
<< <i>I like what Peter Schiff has to say in this piece.
<< <i>By claiming that gold is not money, the Chairman demonstrates his ignorance of much of monetary history. He told Congressman Ron Paul that he had no idea why central banks hold gold, before speculating that it might have something to do with tradition. Yes, traditionally gold is money, which is precisely why central banks hold it. And gold is money because central bankers like Mr. Bernanke cannot be trusted with a paper substitute. >>
<< <i>... by claiming that the dollar's exchange rate has no effect on domestic prices, Mr. Bernanke demonstrates that he probably lacks the competence to be a bank teller, let alone Chairman of the Federal Reserve. >>
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Fred, Las Vegas, NV
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>... by claiming that the dollar's exchange rate has no effect on domestic prices, Mr. Bernanke demonstrates that he probably lacks the competence to be a bank teller, let alone Chairman of the Federal Reserve. >>
Bernanke must still be in the 1930s.
<< <i> Mr. Bernanke demonstrates that he probably lacks the competence to be a bank teller, let alone Chairman of the Federal Reserve. >>
LOL
Don't be fooled. He knows what he's saying most of the time, unless he gets pressured in unexpected ways. Like, "Is gold money?" That was a great "deer in the headlights" moment.
I knew it would happen.
<< <i>Bernanke is highly-educated, don't think otherwise. When you listen to his testimony before the finance subcommitee, he spins some fairly elaborate explanations. He is the front man, and we are supposed to believe his crap. Same as his predecessor, who was absolutely spot-on concerning gold until he was drafted as chairman of the Fed.
Don't be fooled. He knows what he's saying most of the time, unless he gets pressured in unexpected ways. Like, "Is gold money?" That was a great "deer in the headlights" moment. >>
If he isn't ignorant, he must be a first class liar.
Worry is the interest you pay on a debt you may not owe.
he isn't, and he is ... IMHO
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
–John Adams, 1826