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Author Topic: Ron Paul meets with Ben Bernacke for an "open" breakfast "discussion"  (Read 1089 times)
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May 13, 2012, 06:00:43 PM
 #1

http://blogs.wsj.com/washwire/2012/05/09/fed-foe-ron-paul-breakfasts-with-bernanke-at-central-bank/

Quote from: Ron Raul
we had "sort of an open discussion" but "it was off the record"

Quote from: Wall Stree Journal
The Fed declined to comment on the meeting.
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May 15, 2012, 11:21:24 PM
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Well someone needs to make up a funny transcript then.

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May 27, 2012, 09:37:02 PM
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I woulda liked to have been a fly on the wall in that room....

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June 15, 2012, 04:14:06 PM
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Ron Paul 2 Bernank: Y U INFLATE MONEYZ???


hardly... more like, "buy me so I can ensure my sons future in republican party politics".
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June 18, 2012, 11:08:48 PM
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Well someone needs to make up a funny transcript then.

Ron: "you see this?", *shoves silver eagle into Bens face*, "let's have a currency competition!" *boyish grin*, "My silver, your fiat"

Ben: "Allright, bring it on, dude!" *whips out 100 usd bill*, "this is worth more".

Ron: "Arbitrary crap! How is 100 USD worth more than 1 oz of silver. I'll still be able to buy 20 pounds of groceries with this coin in 30 years time, when your 100 will buy a carrot or two!"

Ben: "Ha! That's the problem with your ancient silver money, it's just too inflexible: if we see price inflation, we just print more money to make up for it", *takes pen, adds "00" to the 100 to make it 10,000*, ", see, now I can buy even more groceries than you. And that's how we grow the economy: by increasing consumption."

Ron: "You're only growing the economy on paper! You're inflating the monetary supply and the purchasing power of a few, but everyone else holding a 100 USD bill will have less real purchasing power. This destroys savings, while 1 ounce of silver will always be 1 ounce of silver. Additionally, silver has industrial use:", *melts silver and casts a spoon, stirs coffee*

Ben: *puts feet on table, sets 10,000 USD bill on fire, lights cigar*

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June 30, 2012, 11:12:02 AM
 #6

I would like to hear the actually discussion they had.

Wouldn't we all?

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June 30, 2012, 02:35:39 PM
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When the extremes meet... Might have been an interesting discussion indeed, but I bet neither changed his mind.
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