Bernanke Admits He Doesn't Understand How Gold Prices Work

[BarryDonegan]

This is that moment when the person behind the steering wheel of the economy's money supply, pushing the pedal to the metal, turns back to the metaphorical passengers and admits that he has no idea where he's going.

http://silverunderground.com/2013/0...or-bernanke-admits-he-doesnt-understand-gold/

 

[jkr]

AHHHH BANK$TER$...is there anything they DO know?



( and "how to rip off a PLANET" does NOT count)

 

[BarryDonegan]

Unfortunately, it seems they're all pretty bad at economics. haha

 

[Zippyjuan]

The Fed doesn't really care what the price of gold is.

 

[Prominence]

The Fed doesn't really care what the price of gold is.

Yea right of course they don't care so when the price skyrockets its not their fault. I mean inflation is under control

 

[HOLLYWOOD]

The Bernank and the rest of the Banking Cabal are well aware of Gold's operations, value, and dangers to their con game... it's not as profitable or powerful as the propaganda and weapons backed toilet paper. We also know how totalitarian toilet paper keeps all the wrong people in power.

 

[thoughtomator]

Bernanke knows exactly what is going on in the gold market. What he's 'admitting' is a blatant lie. They are extremely concerned about the price of gold at the Federal Reserve, especially since their obligations greatly exceed what they are likely to have on hand (see: recent German delivery request).

 

[Zippyjuan]

Yea right of course they don't care so when the price skyrockets its not their fault. I mean inflation is under control

The price of gold does not reflect price inflation. If it did, that would mean we had price deflation between 1980 and 2003.

Plus they don't even own any gold. They just store it.

 

[presence]

[h=1]Bernanke doesn’t understand gold, should we?[/h]http://www.cnbc.com/id/100898244