Rep. Paul Ryan (R-WI) and Fed Chief Ben Bernanke talked about the price of gold, inflation, the labor market, and a few other topics earlier today, during which time Bernanke noted that he doesn’t really understand what kind of signal the rising gold price is sending.
Ryan’s opening remarks are also worth a look: “The budding sovereign debt problems in other parts of the world provide us with a cautionary tale that it’s always best to take action to shore up budget deficits before market forces demand it.”
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
BB doesn’t understand why gold is up but everyone who reads this blog can tell you why. That pretty well sums up why we’re screwed. He’s either a moron or he’s a liar. Either way, we’re screwed when people like this are running the show. He’s just another incompetent political hack like AG making a mess of everything and we all get to try to pick up the pieces.
God help us! This is not going to end nicely…
I find myself continually flip-flopping on whether these Fed heads are clueless academics or consummate con-men. They balance it remarkably well. Either way, it doesn’t matter. Like Obama, they don’t make policy, they just execute it.
[...] This highly unsatisfying report at Bloomberg adds some mainstream media perspective to Fed chief Ben Bernanke’s gold price commentary yesterday that came in response to a question from Rep. Paul Ryan during House Budget Committee testimony as detailed here. [...]
[...] This highly unsatisfying report at Bloomberg adds some mainstream media perspective to Fed chief Ben Bernanke’s gold price commentary yesterday that came in response to a question from Rep. Paul Ryan during House Budget Committee testimony as detailed here. [...]
[...] in response to a question from Rep. Paul Ryan during House Budget Committee testimony as detailed here. U.S. Federal Reserve Chairman Ben S. Bernanke said gold prices, which surged to a record [...]
There is no need to look at gold price to know that there is too much debt. Although it does confirm it.
[...] This highly unsatisfying report at Bloomberg adds some mainstream media perspective to Fed chief Ben Bernanke’s gold price commentary yesterday that came in response to a question from Rep. Paul Ryan during House Budget Committee testimony as detailed here. [...]
[...] This highly unsatisfying report at Bloomberg adds some mainstream media perspective to Fed chief Ben Bernanke’s gold price commentary yesterday that came in response to a question from Rep. Paul Ryan during House Budget Committee testimony as detailed here. [...]
[...] in response to a question from Rep. Paul Ryan during House Budget Committee testimony as detailed here. U.S. Federal Reserve Chairman Ben S. Bernanke said gold prices, which surged to a record [...]