Deceit At Its Finest (A Must Read)

Three cheers to Dr. Ron Paul for posing this question to the Ben Bernank! He asked what everyone already knows by common sense.  Please watch this one minute video from today July 13, 2011 before you read my commentary below. 

What a disingenuous sophist Ben Bernanke is! He says that people, average citizens and large money men, hold gold because of "tail risk" and the fear of "really bad outcomes". ...Really Ya Theenk!? The really bad outcomes that the ben bernank is alluding to are of his own making! Try one quadrillion dollars of financial derivatives (no this is not a crazy exaggeration but is a very plausible estimate) that are nothing, nothing but paper mortgage backed securities, subprime toilet paper, Greek toilet paper, Italian toilet paper, chinese real estate toilet paper, American Treasury bond instruments,  etf "securities", high yield debt, currency swaps, credit default swaps, and yes I am not kidding United States dollar toilet paper. These are the "tail risk" bogey men that investors fear around the world.
2. Why don't banks hold diamonds, instead of gold? The Bernank replies......."tradition".............O yeaaaaaah, I remember now tradition....that old ancient tradition of all cultures and all peoples regarding gold as money, Solomon, Caesar, Alexander, King Henry, King Nebuchadnezzar, our Founding Fathers and the US Constitution.  Friends, OUR FATHER'S HOUSE IN HEAVEN IS PAVED WITH GOLD PATHWAYS!!! And here is the Bernank saying that it is not money, but merely an "asset" among many. Absolutely brazen!
3. Our central bank, headed by the ben bernank holds 8000 TONNES of gold. Do you think you might need to also??
4. Gold today hit new all time highs in US dollars, British pounds, and Euros. And is going higher still....
5. Dr. Paul's statement about the dollar falling by almost 50% in the last three years is very close to the truth. Don't know? Just look at flour and gasoline prices lately. 
6. Bernanke states in a rather whimsical way," yeah I pay attention to the price of gold"...  You bet he does! Gold is his biggest headache each and every day! Gold stands judgment on his "monetary policies". 
7. Mark this video friends, it will become historic and will be replayed again and again in the media.
8.More to come later friends.