What Mr. Benanke doesn't realize is that money is also an asset. Gold is an asset and gold is money therefore gold is money. He is plainly stupid.
Most money (currency) today is based on debt. Is debt an asset?
The debt is backed by collateral -- the citizens and their property supposedly.
This is the truth.
Afther more than 2 centuries the new elite has found a way to return the people to slavery and themselves to the parasites aka rulers.