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Author Topic: Anti-Bernanke: An Answer to the Chairman of the Federal Reserve's Lecture Series  (Read 781 times)
friedcat
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March 23, 2012, 08:38:25 AM
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http://www.freebanking.org/2012/03/21/anti-bernanke/

I laughed when I read about this:

"Finally, Bernanke repeats the tired old claim that the gold standard is no good because gold supply shocks will cause the value of money to fluctuate."

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johnyj
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March 23, 2012, 01:24:20 PM
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We are going to see a gold supply shock soon... I got report months ago, China has now become the biggest gold producer in the world, and they have cheap labor and abundant of gold mines under 500 meter depth

Gold is valuable because it can be stored for infinite time, and it is scare. Sand can also be stored for infinite time, but it is not scare

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March 23, 2012, 03:46:19 PM
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Imagine when we will start to mine gold on asteroids, this is why Bitcoin is the future and not gold.
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March 23, 2012, 09:57:02 PM
 #4

http://www.freebanking.org/2012/03/21/anti-bernanke/

I laughed when I read about this:

"Finally, Bernanke repeats the tired old claim that the gold standard is no good because gold supply shocks will cause the value of money to fluctuate."

good thing ben is there keeping the money supply nice and stable for us.



friedcat
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March 24, 2012, 08:39:32 AM
 #5

http://www.freebanking.org/2012/03/21/anti-bernanke/

I laughed when I read about this:

"Finally, Bernanke repeats the tired old claim that the gold standard is no good because gold supply shocks will cause the value of money to fluctuate."

good thing ben is there keeping the money supply nice and stable for us.





Also, it seems that the Fed is more desperate than ever, that it now needs the chairman to boast its so called "contribution" by giving lectures in universities.

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March 25, 2012, 09:58:39 PM
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