Wednesday, August 17, 2011

Presidente Hugo Chavez calls Fed Chair Ben Bernanke a Dumb Ass. How will Gov. Perry keep up?

The other day Texas Gov. Rick Perry offered a couple choice words regarding the Chairmen of the Federal Reserve (read the proregressives comments, a true delight),

"Perry said, “If this guy prints more money between now and the election, I dunno what y’all would do to him in Iowa but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treasonous in my opinion.” Treason is a capital offense."
Well, if you think that's bad, how do you rate the comments of a Governor of a State, in comparison to those of a head of state calling the unfortunate Chairmen, in so many 'words', a dumb ass?


Keeping in mind the truism that actions speak louder than words, consider the words of our esteemed Federal Reserve Chairman, Ben Bernanke, who offered these words of wisdom upon the nature and status of Gold, when speaking before a House Committee chaired by Congressmen Ron Paul,

"Paul: "Why do central banks hold it?"
Bernanke: "Well, it's a form of reserve."
Paul: "Why don't they hold diamonds?"
ernanke: "Well, it's tradition, long-term tradition."
sperated with the kookie Chairmen, Paul pressed him,

“Is gold money?” he asked.
Clearly bothered, Bernanke told the representative, “No. It’s a precious metal.”

Well, if you're tempted to give up some sympathy for the banker who doesn't understand the value and purpose of gold, save it up for what the Presidente of Venezuela had to say... and not with anything as cheap and worthless as a politicians or bureaucrats words, but in the actions of a head of state. Presidente Hugo Chavez, disregarding the wisdom of the scholar of the Great Depression, Mr. Ben Bernanke, is letting his actions speak far louder than everyone else's words,

"Venezuelan President Hugo Chavez ordered his government to repatriate $11 billion in gold held in banks abroad to safeguard the country from the economic crisis and said he’ll nationalize the local gold industry.
Venezuela has about 211 tons of its 365 tons of gold reserves held abroad at institutions including the Bank of England, JPMorgan Chase & Co. (JPM), Barclays Plc (BARC), Standard Chartered Plc (STAN) and the Bank of Nova Scotia (BNS), according to a government document.
“We’ve held 99 tons of gold at the Bank of England since 1980. I agree with bringing that home,” Chavez said today on state television. “It’s a healthy decision.”
, and in the process Mr. Pineapple head (or was that Noriega?) goes Gov. Rick Perry one better, using his actions to speak far louder than everyone else's words, and loudly calling out Fed Chairmen Bernanke: a flat out dumb ass.

And here I thought 'ugo Chavez was too dumb for words.


Nick in Beaufort, MO said...

The Federal Reserve need to be abolished! It caused the crash in the 30's...and will do it again.

A much needed read by every American! "The Creature from Jekyll Island" and you will agree.

Rosemary said...

Hugo can't be all wrong about Bernanke because he called Obama an ignoramus. Obviously, he has some powers of observation.