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Topic: Anti-Bernanke: An Answer to the Chairman of the Federal Reserve's Lecture Series (Read 983 times)

legendary
Activity: 980
Merit: 1008
donator
Activity: 848
Merit: 1005
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.
hero member
Activity: 527
Merit: 500
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.



full member
Activity: 189
Merit: 100
Imagine when we will start to mine gold on asteroids, this is why Bitcoin is the future and not gold.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
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
donator
Activity: 848
Merit: 1005
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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