TruthisTreason.net – Kevin Hayden
Federal Reserve Chairman Ben Bernanke faced off with economic genius Representative Ron Paul during his monetary policy report to Congress on Wednesday. The head of the Fed was forced to respond to accusations of enriching already rich corporations while failing to help Main Street, while he was pushed on his views on gold.
“Gold isn’t money,” Bernanke said.
–in part from Infowars.com
I beg to differ. Gold has been a form of money – if not one of THE most popular forms – for thousands of years, along with livestock, other precious metals and durable goods. Gold isn’t money? Then what is money?
Princeton defines money as “the official currency issued by a government or national bank.”
However, Thomas Greco defined money as:
“Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and occasionally, a standard of deferred payment.”
The Google dictionary defines it as “The assets, property, and resources owned by someone or something; wealth” or “financial gain.”
Dictionary.com states the following in regards to “money” –