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Ron Paul Grills Bernanke on Inflation, Dollar Depreciation, Gold Standard

Ron Paul:
– M3 Money Supply Up by 42% Over Past Two Years (measured by private sources)
– Inflation is soaring
– Fed purposefully debasing the dollar
– History is on the side of hard money
– Fiat money always end
– Gold is the only thing that can bring stable prices
– In the last few years, the price of oil has tripled in dollars, but is flat in terms of gold
– The middle class is being wiped out, due to price inflation and deliberate depreciation of the currency

Bernanke:
– Blah, blah, blah, Federal Reserve Act and price stability
– I understand you would like to see a gold standard, but that is really something for Congress
– All this inflation stuff is the fault of the price of oil rising. Blame OPEC.

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By | 2017-03-23T14:06:38+00:00 February 29th, 2008|Gold & Silver Commentary|

About the Author:

Jason Hamlin is the founder of Gold Stock Bull and has been investing in precious metals for over 20 years. Jason spent nearly a decade in analytics for the world’s largest market research firm, before finding success investing full time. He launched Gold Stock Bull in 2005 and turned his focus from helping fortune 500 companies to helping individual investors. Jason is a student of Austrian economics and a proponent of cryptocurrencies such as bitcoin and ethereum.