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Commentary on the BERNANKE/GEITHNER CONGRESSIONAL TESTIMONY: It's all about gold.
www.webToday.tv ^ | 03/22/2012 | webtoday.tv

Posted on 03/22/2012 8:27:28 AM PDT by geraldmcg

Swiss America Chairman Craig R. Smith comments on the Bernanke/Geithner testimony to Congress:

While watching the testimony of U.S. Treasury Secretary Geithner and Fed Chairman Bernanke today, I was struck by several answers provided by the witnesses. One answer stood out amongst them all.

In answering questions about funding of the IMF for the financial needs in the Eurozone, the U.S. Treasury Secretary said the chance of a default by the IMF, or any of its borrowers of money provided by the U.S. is extremely low. Why? Because the loans are all "backed by IMF gold"! ...

(Excerpt) Read more at 888webtoday.com ...


TOPICS: Business/Economy; Chit/Chat; Government; Politics
KEYWORDS: 2012election; bernanke; gold; goldbuggery; imf

1 posted on 03/22/2012 8:27:41 AM PDT by geraldmcg
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To: geraldmcg
Theme music
2 posted on 03/22/2012 8:43:41 AM PDT by Perdogg
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To: geraldmcg
Gold is the only money immune from political spin

Until the politicians want to ban the possession, sale, or exchange of it.

ML/NJ

3 posted on 03/22/2012 8:48:08 AM PDT by ml/nj
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To: ml/nj

Will we end up like “goodfellas” and hip hp gangsta’s wearing out bling as it becomes an ipso facto default currency and use that for trade...


4 posted on 03/22/2012 8:57:30 AM PDT by taildragger (( Palin / Mulally 2012 ))
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To: geraldmcg
wasn't the US required to increase its “contribution” to the IMF shortly after obama was installed?
5 posted on 03/22/2012 9:07:08 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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