Ben Bernanke on Ron Paul Hot Seat! Watch live Today (video added)

[phideaux-deux]

I bet Bernanke cringed the minute he saw that silver dollar

Nah, Bennie said underneath this breath, "Ron, I'll give you 40 FRNs for it,"

 

[dancjm]

Nah, Bennie said underneath this breath, "Ron, I'll give you 40 FRNs for it,"

To which RP replied "Paper? For silver? No thanks."

 

[ZanZibar]

No kidding. I can't even concentrate on the rest of the hearing after Watts. I keep thinking I just watched Watt's perform a thorough rim job on Bernake and it should be uploaded to some gay porn website. Pardon the visual but damn!

Ewww....

 

[WD-NY]

Sigh... Ron starts off with a brilliant question "Do you do your own shopping", but instead of continuing down a line of questioning that focused on REAL PROBLEMS that REAL AMERICANS can RELATE to (re: questions which are rooted in REAL EXAMPLES of money problems that the average person can connect with) he goes into a 5+ minute lecture that stumbles almost randomly from one ephemeral/intangible notion to the next. #FAIL

His big point on the silver dollar was what exactly? Seriously, what the heck was he trying to show/prove? (I know what he was getting at, but he didn't explain WHY the same silver coin buys 11 gallons today when it could only buy 4 gallons a few years ago). What was his point about having parallel currencies/competing currencies?

It would've been far more productive and effective if Ron had simply shown up with a PREPARED LIST OF QUESTIONS to ask Bernanke. If the list was well thought out, the gaps in Bernanke's logic would've been realized through Bernanke's answers rather than Ron's lecturing. Making his point this way requires far more effort on the part of the questioner (re: Ron), and as we've seen over the last several months, Ron doesn't want to think hard about any of the points he's trying to make.

#OffTheCuff24/7

**That said, his opening comments were very strong.

 

[socal]

Sigh... Ron starts off with a brilliant question "Do you do your own shopping", but instead of continuing down a line of questioning that focused on REAL PROBLEMS that REAL AMERICANS can RELATE to (re: questions which are rooted in REAL EXAMPLES of money problems that the average person can connect with) he goes into a 5+ minute lecture that stumbles almost randomly from one ephemeral/intangible notion to the next. #FAIL

His big point on the silver dollar was what exactly? Seriously, what the heck was he trying to show/prove? (I know what he was getting at, but he didn't explain WHY the same silver coin buys 11 gallons today when it could only buy 4 gallons a few years ago). What was his point about having parallel currencies/competing currencies?

It would've been far more productive and effective if Ron had simply shown up with a PREPARED LIST OF QUESTIONS to ask Bernanke. If the list was well thought out, the gaps in Bernanke's logic would've been realized through Bernanke's answers rather than Ron's lecturing. Making his point this way requires far more effort on the part of the questioner (re: Ron), and as we've seen over the last several months, Ron doesn't want to think hard about any of the points he's trying to make.

#OffTheCuff24/7

**That said, his opening comments were very strong.

Ron's comments on the purchasing power of silver from 2006 to the present actually undermined his comments on the dollar's loss of purchasing power, and buttressed Bernanke's comments about 2% inflation not hurting you unless you stick your money under the mattress.

Dr Paul said that if one had purchased silver in 2006, one could purchase more gasoline now than in 2006, thus more than keeping up with inflation. It would have been better if he had said that because of taxes, investing in inflation hedges won't work unless one successfully times the market (speculation), or uses leverage. Neither is a viable option for the elderly on fixed incomes or the poor.

 

[Frostbyte]

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Sorry if this is already posted.