BERNANKE BELIEVES ‘MONOPOLY MONEY’ IS MORE VALUABLE THAN GOLD! Grumbles how he can’t Adjust Gold, during University Lecture - Category:Christian_Conservative_News
Federal Reserve Chairman Ben Bernanke is giving lectures on the University Circuit attacking the proposal for the U.S. to return to a gold standard. In his contempt for honest money, Bernanke argued that government monopoly money is more valuable than gold!
BERNANKE BELIEVES ‘MONOPOLY MONEY’ IS MORE VALUABLE THAN GOLD! Grumbles how he can’t Adjust Gold, during University Lecture
In his incredulous argument Bernanke said that the strength of a gold standard is its greatest weakness because if the money supply is determined by the supply of gold, it cannot be ‘adjusted’ (a.k.a. manipulated by the Fed and politicians) in response to changing economic conditions."
That’s the whole point! Our founding fathers intentionally implicitly mandated that money had to be gold or silver. That way the scoundrels couldn’t rob the citizens blind, as they are doing today.
Swiss America Chairman Craig R. Smith is conducting a national Talk Show interview tour to conteract Bernanke's wrong-headed thinking about money and what's best for our economy. Craig is particularly critical about Bernanke's attempt to brainwash today’s brightest business students as to the "virtues" of fiat money and to the folly of gold.
Smith contends that politicians and bankers have always resisted wearing the 'golden handcuffs' which our Founders thoughtfully established in the U.S. Constitution.
Cut from the same inflationary paper money cloth is Timothy Geithner, who when testifying before Congress this week was pressed by Rep. Trey Gowdy (R-SC) about how much the debt ceiling would need to be raised to meet all of the current and long term obligations? He would not answer. So the Congressman asked would it be $20 trillion? $50 trillion? More?
Geithner again would not answer the question, but would only offer "a lot...the number would very uncomfortable.” The chairman of the hearing was heard repeating Geithner's answer "Uncomfortable, uncomfortable".
Are you uncomfortable letting Craig Smith on your Talk Show to give the sober facts about unbacked paper money vs. a true gold standard? If not, give us a call.
ABOUT CRAIG SMITH…
“The Face of American Small Business”
Craig R. Smith is an author, commentator and popular media guest because he instantly engages audiences with his common-sense analyses of local, national and global trends.
The Founder and Chairman of Swiss America Trading Corporation, Craig for 30 years has helped many thousands of people hedge against the problems of a weakening U.S. Dollar.
A monetary expert, Craig is the author of numerous books and articles including The Inflation Deception: Six Ways Government Tricks Us...and Seven Ways to Stop It! (June 2011), Crashing The Dollar: How to Survive a Global Currency Collapse (2010) and Craig is also author of The Uses of Inflation: Monetary Policy and Governance in the 21st Century, a major White Paper published in February 2011. Recent media clips: www.craigsmith.com
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