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Ron Paul poses the question “Is gold money?”
response from Bernanke “No… Well, it’s an asset. Would you say treasury bills are money? I don’t think they’re money either.”
Jan 2008 "The Federal Reserve is not currently forecasting a recession."
June 2008 "The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so."
Aug 2010 "The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again."
"One myth that’s out there is that what we’re doing is printing money. We’re not printing money."
And in DIRECT CONTRADITION….
"The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost."
We’ve been very, very clear that we will not allow inflation to rise above 2 percent."
"I don't think that Chinese ownership of U.S. assets is so large as to put our country at risk economically."