Ben Bernanke, Fed Chariman who I believe to be a Psychopath, recently took the time to explain why he believes there should never be a gold standard. In a nutshell, his argument is that there is not enough gold. What he's really saying is that in order for the Fed to be able to enforce its monetary policy onto the world at large, there must be an unlimited supply of money. He couldn't do that if there were a gold standard. For more information: http://www.businessinsider.com/ben-bernanke-explains-why-well-never-see-another-gold-standard-2012-3
I heard him talking on CSPAN on the way home this afternoon. Out of all the gibberish he was spewing, the only thing I had to agree with him on was when he answered the simple question, "Are we on an unsustainable path economically?" He answered yes. But then again, he'd have to be locked up if he said no. Insane asylum of course. This guy is an enemy of the free market. Which is why, in my opinion, he was placed where he is. Just another pawn to push big-government controls. His responsibility just so happens to fall on our economy.
How come a person like that is considered important? He's in an artificial position taking care of artificial money based on artificial value.
