The Golden Truth: Ron Paul Brutalizes Bernanke

Wednesday, February 29, 2012

Ron Paul Brutalizes Bernanke

Some of the highlights are when Ron Paul asks Bernanke if he does his own grocery shopping. Bernanke says he does, which I don't believe. Paul also explains that the Fed is lying about inflation. So I'm not the only one calling Bernanke a liar. Then Ron Paul holds up a 1 oz. silver eagle and goes through the same exercise with gasoline that I did with oil on Monday to illustrate why silver/gold is real money that holds its value over time (video sourced from zerohedge - my only complaint about Ron Paul is that he has an opportunity to really hold Bernanke's feet to the fire in this forum twice a year and instead lets Bernanke escape without having having to directly answer the criticisms or pressing Bernanke for truthful answers):

10 comments:

halWednesday, 29 February, 2012
Well said esp on the issue of not letting Bernanke go on record.
ReplyDelete
Replies
AnonymousWednesday, 29 February, 2012
who ever they are - and i think governments are involved. they will be successful to crack this egg so this golden yoke will spill.

three very big reasons
1 because hoarding it is not patriotic and could be seen as disobedience.
2 owning it (gold) you become a saver - not good for the economies
3 you are saving outside the system

IT IS CHEAPER TO TRASH SAVING THAN SAVE THE BANKS AND THE ECONOMY. IN WHAT FORMAT CAN WE SAVE NOW?

so - they have access to everything including making up the rules of the game as we go along.

this must be the worst time since the bull started and they will chuck absolutely everything at it to kill it.

when the fuck will we get an 80 move up instead of down? could someone also tell kingworld to stop parading Embry - he is useless and goads me with his crap of comments like "religious experiences". the bears are certainly giving us one.

absolutely disgusting. and all this physical metal is returning to cmi.

jim willies and the like about their insiders and "well placed" informants and bullshit.
ReplyDelete
Replies
AnonymousWednesday, 29 February, 2012
Dave I wish Paul would have drilled him but it seemed more like stumping to me. It was good but a missed opportunity to let this guy squirm. Tonight he is smiling with the big hit in silver and gold today too.
ReplyDelete
Replies
AnonymousWednesday, 29 February, 2012
MF Global White Knight Blows the Lid Off of The JP Morgan Shadow Banking Mafia
Share

from CapitalAccount:

US regulators are holding roundtable talks today about how to protect customer’s money. To keep it from basically being stolen. This is in the aftermath of the MF Global collapse of course. We’ll speak to a lawyer by the name of James Koutoulas who represents 8000 MF Global customers in the bankruptcy. He says new US regulations won’t stop firms from going the way of MF Global so long as they can go to the UK to take on virtually unlimited leverage. He tells us how MF Global was getting around the US leverage limits this way, similar to AIG in 2008, and why it’s going on unchanged. We will talk as well about re-hypothecation, and how “churning” allows brokerage firms to leverage up like banks.

http://sgtreport.com/2012/02/mf-global-white-knight-blows-the-lid-off-of-the-jp-morgan-shadow-banking-mafia/
ReplyDelete
Replies
AnonymousWednesday, 29 February, 2012
Sinclair: Today was a Cover-Up By the Fed & Mainstream Media

Jim Sinclair continues:

“If, in fact, what Bernanke attempted to tell the investment world today, that QE may not be necessary because of a modest improvement in the statistics of unemployment, if that was truly to be believed, then the stock market should have been off 800 points while gold was gold was down $100. Because the same thing moving the stock market is what’s moving the metals and that is pure liquidity.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/1_Sinclair__Today_was_a_Cover-Up_By_the_Fed_%26_Mainstream_Media.html
ReplyDelete
Replies
Clark from Old HickoryThursday, 01 March, 2012
Dave -- I agree that RP's comments are wonderful to hear, but my lawyer self wished he'd just ask a question, as you imply. I miss Alan Grayson for his forensic skills. Still, it's worthwhile that RP is asking the right questions that, at some point, the Fed will have to answer for. I've now placed a 1961 Franklin half in my wallet, just in case someone asks just why the Fed is a sham & a scam. Guess I'll be one of those irritating old men, pulling out his wallet to prove something that should be obvious.
ReplyDelete
Replies
AnonymousThursday, 01 March, 2012
WHAT HAPPENED TO GOLD ON LEAP DAY?

By Alf Field

What happened to gold on 29 February 2012? The precious metal dropped from $1792 to a low of $1686 in one day!

How does this shape up with our Elliott Wave expectations?

The answer is that the market is tracking well in line with expectations.

http://goldswitzerland.com/index.php/what-happened-to-gold-on-leap-year-day-2012/
ReplyDelete
Replies
AnonymousThursday, 01 March, 2012
Failures Continue To Show Dramatic Asset Overvaluations

For all of 2011, the FDIC estimated it would cost $7.18 billion to protect the combined $32.06 billion in deposits at the 92 failed banks. That means the FDIC estimated the market value of all the failed banks’ assets to be about $24.88 billion. Comparing this number to the reported asset values, the indication is that bank management overstated asset values by $11.09 billion, or 45%.

There is every reason to believe that over-valuations of this degree prevail throughout the banking sector and are not limited to this group of failed institutions. Almost all of the banks that failed in 2011 had been under close scrutiny by their federal regulators for a significant amount of time prior to their failures. It is reasonable to infer that under such close scrutiny, bank management would not have been emboldened to value assets more than permissible under current FASB standards.

If we assume that overvaluations of even half this level – say 20% — prevail throughout the banking sector, there is barely a single institution that would remain solvent were its assets valued at market. This is one more reason to believe what we read constantly on this site, that QE to infinity is the only option for Western Central Banks and there will be no end to the flood of liquidity any time in the foreseeable future.

http://www.jsmineset.com/2012/02/29/jims-mailbox-873/
ReplyDelete
Replies

Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.