QE3 Latest: Ron Paul Puts Bernanke on Edge with Gold Question

QE3’s Ben Bernanke stokes up the gold price even more with this crass display of Keynesian ineptitude. Apparently the gold in Fort Knox (if there is any) is stored there because of ‘tradition’, and not because it is a monetary metal. Perhaps they should turn Fort Knox into a museum rather than a vault? Well, I suppose that would mean people would get to see inside and realise that it’s empty, so perhaps not.

Of course, Bernanke is soon to become a historical item himself, in the museum of failed governors of the federal reserve. But who will they replace him with? Are there any spare ‘Masters of the Absurd’ around at the moment? Is Terry Gilliam available?


About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
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One Response to QE3 Latest: Ron Paul Puts Bernanke on Edge with Gold Question

  1. Sean Ring says:

    I’m just embarrassed for him. He is THE Keynesian Klown. What kind of answer is that? Tradition? How about VALUE? I was ready for him to say, “for fun”… He can join Gordon Brown in selling it, if there is any, but I’m not sure that it’s such a wise move. I mean, we call it the “Brown Bottom” for a reason…

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