http://news.goldseek.com/RonPaul/1254161978.php

Your argument is that gold is somehow inherently more valuable than a fiat currency or that somehow a gold standard would make us more stable. I’m saying gold is just a shiny rock and any value it has is relative to our wants and needs. The doomsday scenario is only to illustrate that fact. Fiat currencies that are backed by stable, fiscally responsible, trustworthy and yes, probably heavily armed govts are the best and easiest forms of financial transaction. The problem is since the 80s we have lost almost everything except our heavy armaments. If we can regain the other three we’ll have an outstanding fiat currency.

I’m sure gold will always have value but the last thing any of us should want is for gold to become THE store of value.

You are a clear and cogent speaker, and although Congress may be worthless, you are not. You will be speaking to the nation (also the world and the future) at the same time you are testifying, and your testimony may be repeated on C-SPAN. Unlike your TV appearances, congressional testimony carries more weight with the public, especially with people who have not yet discovered you. You have an arresting ability to get to the point and inform. And your kids would be so proud!

To prepare, you could have a few facts in-hand about each member of the committee and how they have sold out the interests of the public, and at the appropriate moment you can respectfully point this out during your testimony. It’s a dream come true if you look at it that way.

If you address the consequences of extending trillion-dollar giveaways to the owners of the banks and refusing to regulate them, how can they continue to say that they had no idea? As the horrible results of government corruption and inaction are revealed day-by-day in the future, you will have the satisfaction of running video clips of your testimony to prove your point, which may spare us the insult of these insincere politicians claiming they had no idea what could happen, and that they had only good intentions.

If you testify, you may inspire other intelligent people to do so. Public awareness MIGHT lead to accountability, or keep a lid on future catastrophes. We can’t rely on Congress or politicians, so it’s the only option available. And it would be exciting for your fans if you testified. But I understand if you are reluctant.

Seriously Barry Ritholtz… you should go. I cant believe you arent jumping at the chance. Someone needs to go down there and speak the truth.

They havent asked me yet for some reason.

There is a higher reason that you have been asked. Embrace it.

With regard to testifying, you’ve bluffed yourself out. Maybe we have less to lose than you, but I would gladly give up my freedom to have a forum to go in there and ream them a new one. Let them make martyrs (if it’s even possible in 21st Century USA). My only worry would be that, in trying to convey my point, my passion would not overcome my speaking skills.

Mr. Ritholtz, you come before this august body today and accuse it of negligence, incompetence and being the running dog lackey of the of the corporations and monied interests.

Now, Mr. Ritholtz, as you well know, there has been a financial crisis in America set off by a run on the shares of the major Wall St. banks and AIG. This crisis has caused the government to bail out these institutions at a tremendous cost to the taxpayer.

Mr. Ritholtz, I ask you, have you, your company Fusion IQ, or their clients profited from the fall of these institutions?

reply – Well, we recognized this was coming by careful analysis of the situation, and, yes we shorted the shares of some of the institutions, such as Lehman. This was prudent investment approach, and yes. very profitable to us and our clients.

So, Mr. Ritholtz, you admit to being a party to the demise of the major financial institutions and therefore, a cause of the bailouts – the bail outs of which you rail about. Is it not fair to surmise that you are at least partly to blame for this very crisis?

reply – but, your honorable congress person, the banks made the bad bets, we were just trading in the market place, for every buyer their is a sellers, err, its not our fault.

Mr. Ritholtz, have you not written a book titled Bailout Nation, that you have in turn profited from very nicely.

well, yes, but, but

That is all Mr. Ritholtz…..