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Follow on Google News | Bernanke Says Gold Is Not Money, So What Do Central Banks Know To Be Buying Gold Feverishly?The 2012 libertarian presidential candidate, Ron Paul later slammed Mr. Bernanke for his arrogance & poor job overall performance. Concerning Bernanke's less-than-impressive track record. Paul asserts that the Fed will “self destruct ultimately.”
By: Franklin P. Whitman Recently, Helicopter Ben attended a House Financial Serviced Committee hearing on Capitol Hill to testify before Congress bragging, "my inflation record will be the best of any Federal Reserve chairman in the postwar period, or at least one of the best, about 2 % average inflation." That might be accurate, but critics argue that merely goes to show that the Fed was, and nonetheless is, performing a horrible job. The 2012 libertarian presidential candidate, Ron Paul later slammed Mr. Bernanke for his arrogance and poor job overall performance. Concerning Bernanke's less-than-impressive track record. Paul asserts that the Fed will “self destruct ultimately.” Paul went on to deal with the middle class crisis - explaining how the inflation rate is a lot greater for all those buying in the nearby grocery stores and going about their every day lives, no matter what the government is telling them. Ron Paul produced many poignant statements in his counter-speech saying that, “While I definitely do not miss Congress, where politicians are continuously attempting to limit Americans’ freedom, throughout my time there I always enjoyed the chance to query the Federal Reserve Chairman concerning the harm the Fed’s policies do to the American economy.” Paul called for higher transparency in between the public and also the Federal Reserve, worrying that Chairman Bernanke's failed policies are not going to improve anytime soon, leaving our currently fragile financial state in an even more vulnerable position. In addition, Ron Paul directly questioned Bernanke concerning the present day gold phenomena - central banks purchasing record amounts of the valuable yellow metal - regardless of the fact that Bernanke told Paul “gold isn't money” back in 2011. But as Ron Paul lately reminded us, history does not lie. The previous 6,000 years prove that paper cash always fails while gold always prevails as hard, really beneficial, cash. I believe it is safe to say that the individuals of the United States of America are fairly fortunate to have somebody like Ron Paul shedding a truthful light around the misguiding of the Fed and calling attention to essential financial elements that many other present-day Congressional leaders fail to address. What do the experts have to say about gold and silver? Learn more >> http://gold- End
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