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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 is the founder of goldstockbull.com. He previously worked in data analytics for the world's largest research firm, consulting to Fortune 500 companies globally. Jason eventually leveraged those skills to trade successfully full-time and after helping friends and family optimize their investments, he launched Gold Stock Bull and The GSB Contrarian Report newsletter. Jason is a cycles investor with a contrarian eye for identifying undervalued assets. He has built an expertise in both the precious metals and cryptocurrency markets. Jason believes in honest money, limited government, decentralization of power and enjoys studying alternative economic models.