Ben Bernanke spoke out against gold this week. According to Joe Wiesenthal he destroyed the idea of gold returning as a form of money or primary part of a monetary regime:
… one thing really stood out …
He spent a lot of time talking about the gold standard, and he just murdered it.
Mr. Bernanke’s position should surprise no one who has studied the role of the Federal Reserve. If money were backed by gold, the Federal Reserve would become just another, unimportant Federal agency. Gold would obsolete Mr. Bernanke and