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Originally posted by Rockpuck
reply to post by ModernAcademia
I like the end of the first video. Doctor Paul left poor old Bernanke speechless rubbing his nose in discomfort. HE knows Dr. Paul is correct, and he honestly doesn't care.
Forget about the lip service given to transparency by new Fed Chairman Bernanke.....
Bankers, who benefit from our fractional reserve system, likewise never criticize the Fed, especially since it’s the lender of last resort that bails out financial institutions when crises arise. Link
Originally posted by Enrikez
If I was an American, I'd be voting for Ron Paul.
The guy is the only politician I have seen worth voting for in my lifetime.
Originally posted by mentalempire
The gold standard is not without its flaws. The rapid mobilizations needed by some countries for national survival during the World Wars would not have been possible with a strict gold standard. Furthermore, many would argue that some, if not all, of the panics of the late 1800s and early 1900s were caused by the gold standard. More to come (maybe).