Chairman Ben Bernanke faced-off with Fed-hating Representative Ron Paul during his monetary policy report to Congress on Wednesday. The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold. “Gold isn’t money,” Bernanke said. (See video below).
TAL Commentary: Of course the head of the Fed would say that. The Fed is nothing more than a legalized monopoly of counterfeiting. If people used commodity money like gold, the members of this elite counterfeiting ring would be out several hundred billion dollars a year in income.