Msg. 39756 of 45510 (This msg. is a reply to
39754 by
capt_nemo)
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Intriguing. Gold is supposed to be an obsolete relic, according to Keynesians like Bernanke. So, why is he making such a fuss over it? More importantly, why is his organization holding the largest supply of gold in the worlld??? (The NY Federal Reserve holds more gold than Fort Knox. More than Fort Knox is SUPPOSED to have, I mean.)
So, Bernanke. Why the continued fascination with it???
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
Submitted by Tyler Durden on 03/21/2012 00:16 -0400
Ben Bernanke
Ron Paul
Bernanke's splendiferous defense of all things holy and Central-Bank-like this afternoon has a little for everyone - if you spent the time to listen/read his entire lecture. For those who did not, perhaps the following word-cloud sums up his perspective - and its odd subliminal messaging. The words Gold and Standard appear more times than Central and Bank; the words Policy and Economy are almost equal in number and very close together in this 'randomized' word-cloud; Collateral and Essential appear infrequently but oddly proximate when the random hand of Worldle is applied; the Dollar got its rightful tiny mention; and the Inflation-Deflation debate will rage on - as Inflation slightly outnumbered Deflation but the randomizer did its job and strangely placed Inflation next to Bad and Deflation next to Great. There was no mention of Oz, The PPT, Unicorns, Beard-Trimmer, Ron Paul, or Those-Bloody-Bears-On-YouTube, though the words Panic and Panics were somewhat surprisingly frequently uttered.
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