RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
IF governments have to power to force heavy metals into peoples body, I dont know what else they can do. People are already stupid enough from eating all those MSG, and now heavy metals.
the mistakes he is talking about is the assumption that that can always get credit and loans refinancing a home, taking on more dept that needed (that new car or another swipe of the visa) or singing up for a variable interest loan thinking it'll never hit a certain point. i don't know but i think we are not in the clear with our money and gold might be the best thing to be in when this crash he expects comes. gold is good everywhere.
Would someone care to explain the difference between public and private sectors? I hear politicians talking about this quite often but I'm not sure if I understand it . Much thanks!
Bet, do not ron paul me with bs austrian econ nonsense. If you study my post you will learn. Their is a huge difference between the two events. Thank god your educated by the obgyn econ fraud. However as a business owner I have to use real economists to guide my business. Go to college learn. Ignore bad advice from obgyns.
You defend the status quo so well; however, you have yet to prove whether or not you truly know the opposing side to have a fair debate. That is why I often speak of Austrian Economics. If Austrian Economics is so far-fetched, tell why it is so. Use examples.
"Why this school has such a strong aversion towards the standard scientific method i.e. math + empirical evidence"
When you look at Math, you are looking at historical data; this is also true of empirical data, which is gained by your knowledge or experience of past events.
But as an individual my past needs are of no consequence and what I valued yesterday may not be as important today, to determine my future needs or values based on past events alone would be a mere supposition.
What scientific method does the school you have faith in use to determine a change in trend, or to resolve what an individual or group will value tomorrow?
It's funny that you use the word 'faith', because faith (divine revelation) is the only source of knowledge that remains if you exclude math and experience.
Of course,math is NOT historical data, future events are NOT independent of the past events, and, naturally, the fact that there is uncertanity does not prohibit you from studing them.
Starting with an imperfect model and refining it gradually is preferable than rejecting scientific method altogether and throwing a seance.
Oh... alright. Instead of listening to 10 term Senator, Medical Doctor and Patriot Ron Paul, I'm going to listen to a guy named arrdvarks2 on youtube...
So, in essence, any attempt to bring the economy back into its previous state will be essentially trying to take out the fire with gasoline. As the increase in liquidity will only further distort price levels and price signals, attempting to re-inflate the bubble. Which is possible, but eventually the correction must take place. Meaning we deal with it now, or we deal with it later, when it's a lot worse. We should have dealt with it in 2001, but oh well.
As the money supply expands (in order to keep consumption prices the same), interest rates are not counter-balanced by corresponding changes in the interest rates. The natural rate of interest increases, but is not followed by an increase in the market rate of interest. This causes the bubbles, and credit-expansion only perpetuates this expansion. This can only continue as long as the money supply continues to expand and as long as banks remain liquid. But not forever, hence a crash.
Keynesian theory focuses on drops in AD and price rigidity, but because Keynes focuses on only one phase of the cycle he misses much economic information, ie the real causes. The elasticity of the money supply is both a necessary and sufficient cause of the trade cycles. The increases in the money supply lead to disproportionate changes in interest rates, which shapes the structure of production. This relative price distortion is what causes over-production, malinvestment, inflation, and crises.
Bet, 20-21 did not have the systemic fear of the 1929. Akin to a major disaster killing 3k americans or 911 where a systemic panic resulted. In 29 people kept their money under mattresses out of fear of the bank failure compared to 21.
Again, the economy statistics were worse in 21. The reason 21 didn't make history unlike 29 was because the government stayed out of the way in 21 and thus the economy recovered unlike the government's intervention in 29 that turned a recession into a depression. The type of hands off approach taken in 21 was the closest thing to Austrian Economics. So in effect, Austrian Economics worked without the title.I suppose when the government actually does something right, no credit is given. Figures.
and Bernanke is a clueless piece of shit in the pocket of Goldman and UBS etc..and replacing him with Geithner is like the blind giving the job to a guy who just watched the rape happen and did nothing.
Ben Bernankes first exposure to monetary policy was reading the works of Milton Friedman, the Nobel laureate. That was 30 years ago, when Bernanke was a graduate student at M.I.T., and he has been studying central banking ever since. By the time President Bush nominated him to run the Federal Reserve, at the end of 2005, Bernanke knew more about central banking than any economist alive. nytimes magazine
On virtually every topic of significance — how to prevent deflationary panics, for instance, or to gauge the effect of Fed moves on stock-market prices — Bernanke wrote one of the seminal papers. He championed ideas for improving communications between the Fed — whose previous chairman, Alan Greenspan, spoke in riddles — and the public, believing that clearer guidance about the Feds aims would help the economy run more smoothly.
And having devoted much of his career to studying the causes of the Great Depression, Bernanke was the academic expert on how to prevent financial crises from spinning out of control and threatening the general economy. One line from his Essays on the Great Depression sounds especially prescient today: To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy. nytimes magazine
Your famous Congressman Ron Paul seems to look like he's ready for the old people home. Does he wear dentures? Looks like Ron Paul is the white version of Obama. Better yet, he is what you call the Republican version of Obama.
Your comment shows you think of Ron Paul as the Messiah like the Obamabots thought of Obama. Ron Paul is the white version of Obama who is the black version of Bush who is the Texas version of Clinton who is the younger of Bush who is the unpopular version of Reagan. You see, they all are alike. But in your eye's he's different because you are blinded by his thoughs just like the Obamabots and their political followers of the past.
Really? Last I checked Obama, Bush Jr., Clinton, and Bush Sr. have all given power to the Federal Reserve, a private company that acts as a "bank" for the US, and ultimately, the root of most of this nations problems. Ron Paul wants to dismantle and shutdown the Fed, just as John Kennedy tried to do with Executive Order 1110, and we all know how that ended.
Vous, No it is not. Fox news and the republicans would have you believe it BS. It is keynesian economics and sound governance. Completely foreign for 8 years.
Sweet, the congressman won a popularity contest. No to know economics like say bernanke takes years of learning under qualified professors. Rp is self deluded at best.
incorrect, learning under a professor does not qualify you. if the professor is incorrect and you swallow his words, you will be incorrect. ron paul has cited the books on economics hes read, including some of the most relevant and correct source: austrian school of economics
Free, Their is no such thing as austrian school of econ. The free market gold based belief with no fractional banking or government regulation has NEVER existed in the history of mankind. However Keynesian econ exist right now and yes it is taught in universities.
Its a damn shame that Keynesian Economics is taught and Austrian Economics isn't. But somehow, I don't think that is by mistake. The theory of Austrian Economics is a threat to big government and we all know that our politicians want to be relevant.
It is amazing how rp melts when exposed to solid journalism ?'s. He owns the platform and cannot be challanged when speaking in the house of representatives. When exposed, he gets beaten by the press like the ignorant economic uneducated mutt that he is. lol Never will he hold national office.
HR 1207 is dead on arrival. The fed is set up to above the politics of the day. If they were audited it would introduce politics. This will fail. This is not a female patient for the obgyn ron paul. As though they need an obgyn's help. The economy is not pregnant. In the real world if Ron Paul wants to be taken seriously as an economist, He needs an education. Likewise about constitutional law. HE IS AN OBGYN WANTING TO AUDIT THE FED> lololol.
Free, the constitution gave power of the purse to congress. The congress gave a charter to the fed to accomplish this goal. They are above the politics of the day. This why it was set up. To provide elasticity to the currency in times of panic. Study chairmen of the fed speaces in full. Do not take econ lessons from an obgyn or conspiracy sites. Lol rp causes stupidity.
Even so, there is no provision in the Constitution that give the Congress authority to delegate its power to a non-governmental entity without some form of oversight. That is what makes it blatantly unconstitutional. Ron Paul clearly knows more about economics than you do. I am a consumer economics and personal finance student, and everything that Ron Paul says makes sense. The abolishing of the gold standard was extremely inappropriate because it opens the door to possible hyperinflation.
your view of the fed is completely false. Long term deflation does not hurt anyone. To be hurt you have to have money sitting in a savings account. People do not. They typically have money invested in job producing companies or rentable housing. These investments are tax advantaged also. How the hell is keeping money invested in businesses and housing against the economic goals of america. Was it santa that gave us the strongest economy on earth lol
Ron, this is where the lack of education of rp truly shows. Bernanke said the fed turns a profit that is returned to the treasury every year. They have 22000 employees that take over insolvent banks and clear every atm withdraw in america. Whoops another rp paranoia myth explodes under the light of fact.
"the fed turns a profit" ? That has to be the the dumbest thing I've ever heard! nothing the government does turns a profit!! THEY SPEND THAT'S IT! I'm out, this idiot claims Paul has a lack of education? (please don't breed)!
PTTHOR, yes take the word of an obgyn about the fed. The quote comes from the chairman of the federal reserve from an interview on 60 minutes. It is not against the law to educate yourself from an economist with an education. Rp is an obgyn, complete embarrasment. He needs tutoring on economics from bernanke.
So an obgyn can't know anything about the economy? He's a also a freaking congressman! An individual can't have more than one specialty? Obgyn's just simply can't specialize in other affairs?
Nothing goes extinct (currency, animals, ideas, etc.) due to being outperformed by other things - they go extinct because of lack of force. We should keep the fed: If you have competing currencies and markets then people are just going to use whatever "seems" to be more valuable, but if you have a strong institution that enforces the use of one agreed-upon system, then you won't have to worry about balances being upset. And that's the important thing: Stability.
You're missing where a lot of us are coming from. Even R. P. himself has admitted that there is little likelihood that he as President would have the power to get rid of the Fed, but realistically, the goal would be to make it transparent and under control of the people through their elected representatives in Congress instead of under the control of private banks who profiteer off the currency by charging interest on every dollar printed which the Founding Fathers strictly FORBADE.
There is no stability in fiat currency you dunce! And, the Fed is Unconstitutional right from the start!! Go back to Canada, they're missing your Marxism up there...
PTTHOR, Send all of your unstable currency to us educated sane believers. I here the $ bill is still accepted. Rp followers should start a currency with his picture on it. My business would never accept it. lol Would yours? lol
you obviously have a better idea... if the government wasn't fucking up.. then why is the economy so bad... you can blame whoever the problem is extending credit as well as other things.. we need to cut governement spending and get tax cuts so the people themselves can reinvest into our own economy.. what is a better idea than that! 165 million to aig chairheads as well as other governemtn scandels?
"Strong and effective regulation and supervision of banking institutions, although necessary for reducing systemic risk, are not sufficient by themselves to achieve this aim," Mr. Bernanke said. He said that the failures of government oversight systems and private risk management helped to precipitate the economic crisis by not ensuring that a flood of foreign money into the United States was prudently invested.
Please explain the depression of 1920-21. You seem to have all the answers and I am curious to know your explanation of that time period considering statistics show it was worse than 1929 regarding unemployment, GDP, etc. How did our country come out of that depression?
Regulators on Friday shut down FirstCity Bank in Georgia, marking the 18th failure this year of a federally insured bank. More are expected to succumb to the prolonged recession.
The FDIC said it will mail checks to depositors of FirstCity Bank for their insured funds on Monday morning.The FDIC estimates that the cost to the deposit insurance fund from the closing of FirstCity Bank will be about $100 million. Usa Today THANKS FED!
Falk, I am a 22 year business owner with a bachelors in compter information systems. Ron paul is wrong about the cause of the crisis. The removal of depression era regulations. My viewpoint is backed by nobel prize winning economists. Ron pauls ideas are not practiced in economy on earth in the history of the world. No you do not trade the largest economy on earth fro the ideas of an obgyn. He is wrong.
what kind of business do you own? a lemonade stand, because you are economically retarted. why dont you take a glance at the constitution and see how illegal what the fed govt has been doing for the past 80yrs. stay out of politics youngin stick with recess
The federal government authorized congress to spend money in the constitution. With the federal reserve act of 1913 the congress and president extended this authority to the federal reserve. Ben Bernanke, 3/24/09 testimony. I own a contracting business. I am semiretired. Last year 25 people worked with us.
Where is it stated that the Congress has the authority to give checks and balances away?
The federal government did NOT authorize Congress, the powers of the purse strings were given to the House as written in the Constitution. Congress cannot give their responsibilities to another branch. That is unconstitutional.
And since the FED believes it is above the law and answers to noone, Greenspans own words ( watch?v=ol3mEe8TH7w ) , the FED is certainly unconsitutional in it's current form.
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Txn, rp spends huge tax $ and then gives tax collections to the rich. This creates the debt. The fiat currency is not a problem. The fed provides elasticity. We have the largest economy on earth with the feds guidance. They also clear all atm withdraws. Rp is wrong.
Have you researched anything? Do you just watch the news? Debt is created by borowing "money" from the federal reserve... Ron Paul knows what he is talking about. He should hes on the House Banking Committee.
Your, The depression was caused by investors speculating on margin. The fed did not cause the tulip panic of the 16th century. Basic econ. Markets expand and markets contract. The fed is supposed to counter balance by providing liquidity. The fed released 2 hundred billion$ to provide liquidity the day after lehman crashed. No delay. No stimulus. It worked great. The fed does the job of morgan chase during the panic of early 1900.
YUP and we have monsanto plotting to make us allergic to crops and killing bees god bless america our fema camps will have rock bands and rap stars performing hitler never had sinatra at his camps,..
Here is the list of the Troll Kingdom which has declared War on Dr. Ron Paul. Their Names:..... 1. RonPaulHatesBlacks-King Troll 2. balddove-Queen Troll 3. Vote3rdParty-Prince Troll 4. arrdvarks- Jester Troll 5. atripa645-Peasant Troll 6. peoplesylum-Peasant Troll 7.starcatcher7777-Peasant Troll 8 .pgt1027-Exiled Troll The Troll Kingdom is fighting fiercely for survival!
yes, all republicans are confused, except for Ron Paul because he is the most Conservative of them all by far, the republican [party has lost its way, Ron Paul is the light that Republicans need.
Your, Unlike obama who said what he is, a democrat, what he favors, a larger role for government, Ron paul is a fraud. He votes gop, He spends earmarks like gop, He supports tax cuts for the wealthy like gop, He is against abortion like gop, He does not believe in evolution like gop, He does not support regulation on business like gop, but he claims to be libertarian. If you believe this I have a bridge to sell you in New York. If he was truthful they would never interview him.
its time you do a lil research about ear marks , earmarks brings transperancy to where the money is going and the republicans arnt just the people on t.v. the republicans are THE PEOPLE like me and you, this is what the foundiong fathers wanted, he is exsactly like us and the others are not Ron Paul is the leader of the republican party but they do not want to aknoledge that, thats why they are out of touch,they are frauds Ron Paul is the only pelf proclaimed Republican that is truely republican
I understand what earmarks are. Here is what ron paul will not tell you. If no senator directs the funds to any project the money goes into the general fund to be used to possibly pay off the national debt.
"possably?" lol by the way Ron Paul is not a senator he is in the house of representatives, and the people elected him to take these steps and be there leader so if thats the mandated by the people then thats what he will do, put more earmarks wich brings transperancy.
yes he is a representative, but not only a representative of his district but of many more people, and i say representatives becaue there is more thatn one REPRESENTATIVE in the the house. Congress is Authorized to have the power of the purse, this is what the founding fathers wanted.
your, and I said rp and the gop created the budget after giving away the money to pay for it to rich donors and mega corporations. This created our national debt. Had rp left the earmarks alone the extra money could be used to pay down the debt.
And having devoted much of his career to studying the causes of the Great Depression, Bernanke was the academic expert on how to prevent financial crises from spinning out of control and threatening the general economy. One line from his Essays on the Great Depression sounds especially prescient today: To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy. nytimes magazine
On virtually every topic of significance — how to prevent deflationary panics, for instance, or to gauge the effect of Fed moves on stock-market prices — Bernanke wrote one of the seminal papers. He championed ideas for improving communications between the Fed — whose previous chairman, Alan Greenspan, spoke in riddles — and the public, believing that clearer guidance about the Feds aims would help the economy run more smoothly.
Ben Bernankes first exposure to monetary policy was reading the works of Milton Friedman, the Nobel laureate. That was 30 years ago, when Bernanke was a graduate student at M.I.T., and he has been studying central banking ever since. By the time President Bush nominated him to run the Federal Reserve, at the end of 2005, Bernanke knew more about central banking than any economist alive. nytimes magazine
Your boy, I will let the wall street journal answer for me.
On the other hand, good libertarians should want to start cutting somewhere. The problem with earmarking is that each year the habit grows by leaps and bounds so that it now represents real money. It is also a gateway to political corruption -- a la Duke Cunningham, and other Congressmen currently under investigation for trading favors for earmarks. Wall street journal
Your boy, I will let the wall street journal answer for me.
After reporters started asking questions, the Congressman disclosed his requests this year for about $400 million worth of federal funding for no fewer than 65 earmarks. They include such urgent national wartime priorities as an $8 million request for the marketing of wild American shrimp and $2.3 million to fund shrimp-fishing research.
well he is in the 14th district of tesas wich includes corpus cristi u know, he is a great representative, i havent read the report in the wall street journal but if he is mandated by the people by represents to do these kind of things, plus earmarks are good thing so you accually proved my point.
Yourboy, The point is he says he is against big government, then spends the governments money in a huge way. When combined with his tax cuts he and the gop bankrupt america.
what is wrong with wanting to promote projects that help make us self reliant? why should the govt have the right to produce more paper money does us no good if we dont have the gold to back it up?
I respectfully disagree with the Doc. Some of the spending in that budget was essential. We must have medicare and extended unemployment, especially when the private sector fails. Capitalism is at fault, especially the banks that over leveraged themselves over the past few years.They were extremely over aggressive,and that is a major portion of our problem. The Free Markets work, but they are like children from time to time. Anyway, we don't have a free market, we have a fixed market after all.
Ron Paul is an enemy of united states a traitor to his citizenship. I saw him on Russia today talking to those red commie snow niggers like there friends. All enemies of United states, Israel, turkey and Albania shell be cleansed from the earth. including those Commie reds, red chinese, vietnam, syria, iran, Palestine, egypt and all other niggers. Death to Russia.
Google "NOT YOURS TO GIVE" click on the first link, and read the story from "The Life of Colonel David Crockett". Share it with as many people as you can, if you agree with it. We have strayed so far :-(
He is correct. He is soo good, most Americans will never vote for him. We Americans like people with no business experience like Obama. Even an Assistant Manager is a McDonalds has more experience that Mr. Hussein. America is broke and Obama really thinks by spending more we are all going to better off????
Does anyone ever think of how much taxes people have to pay and how they get NOTHING out of it but bullshit? I wonder how what the colonists would think of this. "No taxation without representation." The government stopped representing the people and their interests a long time ago. Time for another revolution.
they have reaped from our labor we fodder for decades and many reasons why until now they bring in this new world order w/the history of going back to barvaria. they have turned us into sheep by w/holding info./knowlege putting us 100 yrs. behind the cutting edge after all we paid for the speed train below us which connects all the undergroud facilities w/speed of march 2 is it"?
Seriously Democrats and Republicans are the same- in that both want government to spend more money, with the technicality of where it should be spent! The national debt is out of control and is funded by borrowing money from China. The biggest issue of our generation- the national debt, don't address that?! This temporary illusion we have money from nowhere! Why increase the size of inefficient government programs Obama?! Why fund companies that are inefficient and going out of business McCain?!
Implying cutting over spending can only occur in an ideal world! US is in huge national debt.... Yet we are supposed to increase spending?! Lets donate money to the world and lead the way for preemptive attacks lol
Dr. Ron I enjoy you; you tells the truth on the matters, however, I tell you the TRUTH. It is near the end of time as you know it. JESUS CHRIST is COMMING soon. The only thing for you to do is to repent of your sins. The beast is out of the box and the real Id is the mark of the beast. The devil is the gov he is robbing the people to further his evil. Please read REVELATION 13:16,17,18.and DANIEL If you don't give your soul to JESUS you will burn in the lake of hell FIRE forever. Only way JESUS.
BNNYWVH, shut the fuck up, you creep. People have been talking about "the end" for centuries now. Not a single prediction has come true obviously. Your "good book" has no basis in reality and is merely a collection of fairy tales. You're no different than the whacko guy yelling on the corner of a busy city block.
Maybe if you took the time to actually read the " good book" ( as you call it), you would see where BNNYWVH is coming from. No doubt, you're just someone who does as he pleases, no concern for how others feel, no concern for where you will spend eternity. Obama may or may not be the " beast" the Bible talks about, but he sure is breaking alot of his promises these past few days, isn't he ?
denise, I don't call it "the good book". That's actually another name for it. I didn't invent the name.
Yes, you're right. I am a callous monster who wreaks havoc as long as it suits me, because I don't believe in a book of myths that "foretell' the end of the world. Excellent thinking, denise.
Obama is a fraud, just like most politicians. He was a fraud before he even got elected into office by millions of gullible, racist Americans. (Yes, I used the "r" word, because it's true.)
You crazy ass religious fools have been saying that Jesus is coming back soon for ALONGGGGGGGGGGGGGGGGGGGGG time, and yet ALLLLL this time you're super hero has failed you. NOW, lets get back to the more important things at hand. :)
ACTUALLY THEY ARE STILL UNDER CONTROL PORTIONS OF THE BIBLE WERE WRITTEN SPECIFICALLY TO MAKE PEOPLE ACCEPT THE manufactured end of the world so when they go to fema camps they ewont fight,,,Genious really they knew 1000 years ago what they were going to do,,,,
I am a selfmade successful small businessman. My business was railroaded with 4$ a gallon gasoline while the rp gop gave billions to exxon and the like in tax breaks. Then they have the audacity to be non government spending as rp earmarks 400 million$. It is an insult to the intelligence. Tell again the fairy tale about how the removal of glass steagle 10 years ago and rpgop malfeasance did not cause this economic collape. The fed.lol
Fractional reserve banking intrinsically causes inflation and for that the Fed is largely responsible for devaluing the money through over production...
This isn't of course to say that there aren't many other factors, most of which stem from gov. negligence, that lead to this...
Earmarks are not the problem though as they are used to appropriate funds to states through reps... without earmarks spending power reverts to the pres and almost certainly will be used less efficiently...
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726 and 8OO billion is big difference Ron.
And Ron you are one of the few people with this kind of ideaology. You basically said in this video that everybody who supports this bill is wrong, including the President and his top advisors. Ron, you were educated to be a doctor not an economic expert. Lets leave this to experts. Republics suck at bipartisanship, and now when they don't have a voice they are calling out the democrats. I say screw you republicans for doing bull the last 8 years
he is right though, no matter how you want to slice it, all these hundreds of billions in stimulus packages is going to cause a society melt down fueld with hyper inflation. This country can not print dollars to the tune of 1.3 Trillion with a T, in a 6 month span of time, and not feel the effects of inflation. It is impossible. Sure everything seems nice with energy costs low now, but that will not last. We're in for massive inflation due to these stimulus packages, end of story.
well thats obvious, but im more concerned about how the people should deal with it, (solutions) when it happens.i think the only solution i can come up with is SAVE, SAVE, SAVE people! save every dollar, every penny you have till you cant save no more!
If Dr. Paul is right, dollars are being inflated (devalued). Invest your dollars in hard assets that won't depreciate. Precious metals, for example. Put your savings into gold or property or a business that provides real value!
"Wasteful and Non-Simulative Spending in the House-Senate Conference Report (Note: Many of these items are typically debated and funded through the regular budget process). Including these items in an emergency stimulus spending bill plays an Enron-style shell game with taxpayer dollars. Were borrowing from the next generation to avoid tough budget choices today.What a shameful, inconsiderate, immoral, lack of responsibility on our part.
I always thought economics was beyond me, but listening to Dr. Paul and reading his books has changed this. I became inspired to read about the subject and I have a better grasp of macro-economics than I ever thought possible. And now I'm scared shitless about the future.
I love Ron Paul and his genuine concern for America. But I think his analysis of the situation if highly ideological and incredibly impractical. Most of the economic studies show that spending money on infrastructure generates more money than tax cuts do. Nearly 40% more. The most recent indicator to prove this reality was a study conducted by Moody's not long ago. Still i think Mr. Paul's greatest contribution is the concern he has placed on the ridiculous military agenda of the US.
i'd like to see this study. whenever the govt spends, it forcefully takes this money from the private sector, preventing private infrastructure from developing as rapidly. the private sector always does things better than the govt can. why does govt have to create infrastructure if that infrastructure is profitable to a company? that company would create it on its own.
You are parting from an erroneous premise. Critical infrastructure is not always a profitable endeavor that can function on the basis of offer and demand. It must cover needs that are not cost effective in the period in which a privately owned entity would need to cover its expenditures. In other words, public administration can sustain spending through longer periods of time, because it receives a systematic income in the form of taxation.
govt admin gets its income in the form of taxation only because the infrastructure is profitable. if it wasn't then there'd be no profits made and no taxes received. it is completely unnecessary for govt to create this infrastructure and is actually far more inefficient and wasteful compared to what the private sector can develop.
"govt admin gets its income in the form of taxation only because the infrastructure is profitable." Excuse me? Taxation has nothing to do, in itself, with the margins of profit that come from the deeds an administration decides to pursue once it is set up. It is a burden set upon individuals and on their own private financial interactions by governmental entities. It has nothing to do with the profitability of public works or critical infrastructure. That's reverse logic my friend.
tax is def a burden. but what i'm saying is that there would be nothing to tax if the infrastructure were not profitable. it is profits that govt taxes. critical infrastructure is most efficiently develpd by the free market since it relies on profit to operate. just because the govt nationalized roads and subways which were formerly privately operated doesn't mean govt is doing a better job. private opertion was far better. ny subways is one ex of inefficnt govt. govt doesnt need to build nethng
For the cited study, please look up, "The Economic Impact of the American Recovery and Reinvestment Act" by Mark Zandi, chief economist at Moody's. It is available in pdf format from economy(dot)com.
i just read the first few pages, and this so called "study" has so many errors in logic/economics it's absurd. "Unless the plan helps dissipate the current dark mood of pessimism, it will not stem the economic downturn." what do you think of this? if people simply become optimistic then things improve? this person thinks that nationalizing freddie and fannie set off the panic. he's as clueless as ben bernanke when he said in fall 07 that credit crisis was "contained".
Are you serious? Of course the mood of people is important. Have you ever heard about consumer confidence? Or why else would you think it is an important index that is taken into account by producers while planning ahead on their future investments? Consumer confidence is extremely important. It is an important factor for banks in determining future credit lending as well, which is essential in the functioning of a healthy economic system.
yes consumer confidence is just one of the biggest misconceptions people have in regard to the economy. it is not confidence that drives the economy. it is savings and production. why else would all this confidence lead to a huge bust. it's because the boom was generated by borrowing and consumption and utter confidence in living on credit. if confidence were a key indicator of growth we'd continue to have fabulous growth. confidence is a symptom/condition of growth, not a driving factor.
DSDM-the infrastructure has money through every kind of tax you can name. License,titles,registrations etc. etc. so if they spent the money where it was supposed to be spent we wouldn't have to triple fix a single problem.
I believe delivering so many babies into this world has done something to this man. how dare he think about our childrens future when our present is so much more important!
god bless you ron paul, even with your simple words, you always move me to tears
The United States Conference of Mayors has a request for funds to buy military SWAT assault equipment for police forces. All in all, Americas mayors are asking for a little over $5.5 billion in public safety stimulus. A huge amount of money will also be spent on further spying on citizens, creating larger centralized databases, more propaganda in the schools and road projects designed to move forward on a NAFTA superhighway. You see, the states can not say no when it is federal funds.
Thimerosal is the preservative of choice for vaccine manufacturers. First introduced by Eli Lilly and Company in the late 1920s and early 1930s, the company began selling it as a preservative in vaccines in the 1940s. Thimerosal contains 49.6 percent mercury by weight and is metabolized or degraded into ethylmercury and thiosalicylate. Mercury, or more precisely, ethylmercury, is the principle agent that kills contaminants. Unfortunately, mercury also kills much more than that.
One section of the latest economic stimulus bill designates nearly a billion dollars for new vaccinations of children. $954,000,000 shall be used as an additional amount to carry out the immunization program authorized by section 317(a), (j), and (k)(1) of the Public Health Service Act ("section 317 immunization program")
wasn't the wording "for chronic disease [whatever that means], better health, and immunization"? scary to think all the stuff that'll be going into kids..
The economic stimulus bill also requests more than half a billion dollars for "genomics programs", saying:
$545,000,000 shall be used as an additional amount to carry out chronic disease, health promotion, and genomics programs. I guess it means they can poison us and say they told us ahead they would "carry out chronic disease" - who knows, and that is the scary part.
if u dont spend, dont bail out companies, then what's the fix? do nothing? dont tell me tax cuts will bring us out of this depression. and how do u create jobs?
The problem in simple terms is they bail these company's out and prices(our cost of living) stay up. While free market needs to let prices go down bc the market is saying people can't afford things, hence foreclosures & repos. People as a whole are earning less while our $ goes dn. the jobs will open up as we evolve with new needed technologies. Govt is what is messing up free market.
yea its especially bad when bernanke is putting a floor on house prices so that they can only go so low- it'll only perpetuate and exacerbate the problem!
That's an old printer to his left. What's he playing at, he should buy a new printer on his credit card, and help get the credit bubble rolling again.
Packed full of socialist programs that have absolutely NOTHING to do with stimulating the economy! Like creating trails for ATV's and buying the government new vehicles.
Most of the people voting have not even read the entire bill!
Stupid 3 Republicans! They're NOT Republicans! They're Republicrats.
All the stupid idiots who voted for all these Democrats and Obama! It's going to come back and bite them on the butt!
OUR country is about to be sunk. This man is one of the only person in government that speaks to me as an American working TAXPAYER. Blood was spilled to give us our way of life in 1776 and our founders would roll over in their graves at this point in my humble taxpaying, veteran, educated, humble, opinion. God Bless us All.
Sadly, America is everything it was once founded to defeat. Free market economics is probably dead forever. Constitutional Republic is an idea that has been all but forgotten by the world.
So what now? Probably socialism, communism. Maybe even something like 1984. Real bummer huh?
Perhaps booting out the British for the narrow interests of an elite few was a mistake.
We'd be prepared to take it back, then you could have a monarch again, a decriminalised society, free health care, but you wouldn't be able to own an anti tank missile for home defence I'm afraid, but give and take, hmmm?
abolish income tax and replace it with nothing. Not the fair tax. The fair tax punishes consumers and will hurt poor people the most cause they have to spend all that they have to buy living things instead of saving and building interest
The last few words included seniors in college worrying about their jobs. My teacher was getting out of college during a drop in jobs and he had a 6 year degree and was working in a factory making lamps. Dr. Paul is right about the stimulus and since i will be graduating from college in a few years i do not want this to happen to me. RON PAUL 2012
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RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
democratsaresmart 6 months ago
IF governments have to power to force heavy metals into peoples body, I dont know what else they can do. People are already stupid enough from eating all those MSG, and now heavy metals.
AndrewChan84 11 months ago
I love how Dr. Paul calls a spade a spade--its was a SPENDING package not a stimulus package:)
ioventures 1 year ago 3
there's no sound! ;( waahhhh!
PeerlessWonder 2 years ago
The Fed is causing people to make mistakes? So much for personal responsibility.
digitalArtform 2 years ago
the mistakes he is talking about is the assumption that that can always get credit and loans refinancing a home, taking on more dept that needed (that new car or another swipe of the visa) or singing up for a variable interest loan thinking it'll never hit a certain point. i don't know but i think we are not in the clear with our money and gold might be the best thing to be in when this crash he expects comes. gold is good everywhere.
blueovalfan23 2 years ago
I can't hear anything.
astroman12349384 2 years ago
Turn up your hearing aid.
3190423 2 years ago
it was a glitch... it said ''you tube is performing.....be cool will be back soon''.
astroman12349384 2 years ago
I thought it might be because, the sound does not travel in the vacuum of space.
3190423 2 years ago
I wonder if there is a way of balancing Fiat currency with a gold standard.
I read Britain prospered more than France in the depression because Britain dropped the gold standard in 1931.
Britain still held at least 800tonnes of gold I believe, which I guess meant it wasn't just an empty promise to pay the bearer.
It's hard to filter the facts but I'd take Ron Pauls word over most politicians any day.
stuntpea 2 years ago
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idiot - What happened about the SWINE FLU you said that will never happen
you pride that you were the only vote in th 1970s and you voted that this flu does'nt exist!!
now its just rapidly spreading.
toknow07 2 years ago
Dr. Paul and another Dr in congress voted against mandatory vaccinations. He didn't say the flu did not exist.
And he was right because most of the people who died in the 1976 swine flu scare died of THE VACCINE, NOT THE FLU.
Know your shit before you speak.
selassienodead 2 years ago 9
TRUTH about SWINE FLU "1976"
Part 1
watch?v=M7oL7wdQqKQ
Part 2
watch?v=Y_f02JFkVUU
swiftysmithuk 2 years ago
Would someone care to explain the difference between public and private sectors? I hear politicians talking about this quite often but I'm not sure if I understand it . Much thanks!
Carnyride79 2 years ago
<3 Ron Paul
Carnyride79 2 years ago
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DivaAnnFisher
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Clear music and clear voices make a better world!!!
I have a Madeoff response song,
"I've Got A Smile".
DivaAnnFisher
DivaAnnFisher 2 years ago
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1-Copy and Paste this message to 8 other videos
2-Go to your channel and look at you background.
It might freak you out
koolk97 2 years ago
Bet, do not ron paul me with bs austrian econ nonsense. If you study my post you will learn. Their is a huge difference between the two events. Thank god your educated by the obgyn econ fraud. However as a business owner I have to use real economists to guide my business. Go to college learn. Ignore bad advice from obgyns.
arrdvarks 2 years ago
You defend the status quo so well; however, you have yet to prove whether or not you truly know the opposing side to have a fair debate. That is why I often speak of Austrian Economics. If Austrian Economics is so far-fetched, tell why it is so. Use examples.
betrily 2 years ago
Why this school has such a strong aversion towards the standard scientific method i.e. math + empirical evidence?
Because common sense axioms are always true! lololol! Who needs science? Follow teh gut!
11thsockpuppet 2 years ago
"Why this school has such a strong aversion towards the standard scientific method i.e. math + empirical evidence"
When you look at Math, you are looking at historical data; this is also true of empirical data, which is gained by your knowledge or experience of past events.
But as an individual my past needs are of no consequence and what I valued yesterday may not be as important today, to determine my future needs or values based on past events alone would be a mere supposition.
Continued
poohtoob 2 years ago
What scientific method does the school you have faith in use to determine a change in trend, or to resolve what an individual or group will value tomorrow?
poohtoob 2 years ago
It's funny that you use the word 'faith', because faith (divine revelation) is the only source of knowledge that remains if you exclude math and experience.
Of course,math is NOT historical data, future events are NOT independent of the past events, and, naturally, the fact that there is uncertanity does not prohibit you from studing them.
Starting with an imperfect model and refining it gradually is preferable than rejecting scientific method altogether and throwing a seance.
11thsockpuppet 2 years ago
Oh... alright. Instead of listening to 10 term Senator, Medical Doctor and Patriot Ron Paul, I'm going to listen to a guy named arrdvarks2 on youtube...
Thanks! Got it!
BorislavX 2 years ago
So, in essence, any attempt to bring the economy back into its previous state will be essentially trying to take out the fire with gasoline. As the increase in liquidity will only further distort price levels and price signals, attempting to re-inflate the bubble. Which is possible, but eventually the correction must take place. Meaning we deal with it now, or we deal with it later, when it's a lot worse. We should have dealt with it in 2001, but oh well.
Questfortruth86 2 years ago
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As the money supply expands (in order to keep consumption prices the same), interest rates are not counter-balanced by corresponding changes in the interest rates. The natural rate of interest increases, but is not followed by an increase in the market rate of interest. This causes the bubbles, and credit-expansion only perpetuates this expansion. This can only continue as long as the money supply continues to expand and as long as banks remain liquid. But not forever, hence a crash.
Questfortruth86 2 years ago
Keynesian theory focuses on drops in AD and price rigidity, but because Keynes focuses on only one phase of the cycle he misses much economic information, ie the real causes. The elasticity of the money supply is both a necessary and sufficient cause of the trade cycles. The increases in the money supply lead to disproportionate changes in interest rates, which shapes the structure of production. This relative price distortion is what causes over-production, malinvestment, inflation, and crises.
Questfortruth86 2 years ago
Bet, 20-21 did not have the systemic fear of the 1929. Akin to a major disaster killing 3k americans or 911 where a systemic panic resulted. In 29 people kept their money under mattresses out of fear of the bank failure compared to 21.
arrdvarks 2 years ago
Again, the economy statistics were worse in 21. The reason 21 didn't make history unlike 29 was because the government stayed out of the way in 21 and thus the economy recovered unlike the government's intervention in 29 that turned a recession into a depression. The type of hands off approach taken in 21 was the closest thing to Austrian Economics. So in effect, Austrian Economics worked without the title.I suppose when the government actually does something right, no credit is given. Figures.
betrily 2 years ago
and Bernanke is a clueless piece of shit in the pocket of Goldman and UBS etc..and replacing him with Geithner is like the blind giving the job to a guy who just watched the rape happen and did nothing.
VousEnculez 2 years ago
Ben Bernankes first exposure to monetary policy was reading the works of Milton Friedman, the Nobel laureate. That was 30 years ago, when Bernanke was a graduate student at M.I.T., and he has been studying central banking ever since. By the time President Bush nominated him to run the Federal Reserve, at the end of 2005, Bernanke knew more about central banking than any economist alive. nytimes magazine
arrdvarks 2 years ago
On virtually every topic of significance — how to prevent deflationary panics, for instance, or to gauge the effect of Fed moves on stock-market prices — Bernanke wrote one of the seminal papers. He championed ideas for improving communications between the Fed — whose previous chairman, Alan Greenspan, spoke in riddles — and the public, believing that clearer guidance about the Feds aims would help the economy run more smoothly.
nytimes magazine
arrdvarks 2 years ago
And having devoted much of his career to studying the causes of the Great Depression, Bernanke was the academic expert on how to prevent financial crises from spinning out of control and threatening the general economy. One line from his Essays on the Great Depression sounds especially prescient today: To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy. nytimes magazine
arrdvarks 2 years ago
lol. your savior is not doing so hot right now.
freestatereport 2 years ago
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Your famous Congressman Ron Paul seems to look like he's ready for the old people home. Does he wear dentures? Looks like Ron Paul is the white version of Obama. Better yet, he is what you call the Republican version of Obama.
nenasworld22 2 years ago
You mean Barack Obama is the black version of George Bush, correct?
Sacco112 2 years ago 7
Your comment shows you think of Ron Paul as the Messiah like the Obamabots thought of Obama. Ron Paul is the white version of Obama who is the black version of Bush who is the Texas version of Clinton who is the younger of Bush who is the unpopular version of Reagan. You see, they all are alike. But in your eye's he's different because you are blinded by his thoughs just like the Obamabots and their political followers of the past.
nenasworld22 2 years ago
Really? Last I checked Obama, Bush Jr., Clinton, and Bush Sr. have all given power to the Federal Reserve, a private company that acts as a "bank" for the US, and ultimately, the root of most of this nations problems. Ron Paul wants to dismantle and shutdown the Fed, just as John Kennedy tried to do with Executive Order 1110, and we all know how that ended.
OwnageIncBFinch 2 years ago 2
Bullshit.
freedomman121 2 years ago
My advice to you is buy a farm and a shotgun. The shit is going to hit the fan.
VousEnculez 2 years ago
Vous, No it is not. Fox news and the republicans would have you believe it BS. It is keynesian economics and sound governance. Completely foreign for 8 years.
arrdvarks 2 years ago
Sweet, the congressman won a popularity contest. No to know economics like say bernanke takes years of learning under qualified professors. Rp is self deluded at best.
arrdvarks 2 years ago
incorrect, learning under a professor does not qualify you. if the professor is incorrect and you swallow his words, you will be incorrect. ron paul has cited the books on economics hes read, including some of the most relevant and correct source: austrian school of economics
FreestyleJogaBonito 2 years ago
Free, Their is no such thing as austrian school of econ. The free market gold based belief with no fractional banking or government regulation has NEVER existed in the history of mankind. However Keynesian econ exist right now and yes it is taught in universities.
arrdvarks 2 years ago
Its a damn shame that Keynesian Economics is taught and Austrian Economics isn't. But somehow, I don't think that is by mistake. The theory of Austrian Economics is a threat to big government and we all know that our politicians want to be relevant.
betrily 2 years ago 3
It is amazing how rp melts when exposed to solid journalism ?'s. He owns the platform and cannot be challanged when speaking in the house of representatives. When exposed, he gets beaten by the press like the ignorant economic uneducated mutt that he is. lol Never will he hold national office.
arrdvarks 2 years ago
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MarcFuentos 2 years ago
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HR 1207 is dead on arrival. The fed is set up to above the politics of the day. If they were audited it would introduce politics. This will fail. This is not a female patient for the obgyn ron paul. As though they need an obgyn's help. The economy is not pregnant. In the real world if Ron Paul wants to be taken seriously as an economist, He needs an education. Likewise about constitutional law. HE IS AN OBGYN WANTING TO AUDIT THE FED> lololol.
arrdvarks 2 years ago
Free, the constitution gave power of the purse to congress. The congress gave a charter to the fed to accomplish this goal. They are above the politics of the day. This why it was set up. To provide elasticity to the currency in times of panic. Study chairmen of the fed speaces in full. Do not take econ lessons from an obgyn or conspiracy sites. Lol rp causes stupidity.
arrdvarks 2 years ago
Even so, there is no provision in the Constitution that give the Congress authority to delegate its power to a non-governmental entity without some form of oversight. That is what makes it blatantly unconstitutional. Ron Paul clearly knows more about economics than you do. I am a consumer economics and personal finance student, and everything that Ron Paul says makes sense. The abolishing of the gold standard was extremely inappropriate because it opens the door to possible hyperinflation.
MarcFuentos 2 years ago
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your view of the fed is completely false. Long term deflation does not hurt anyone. To be hurt you have to have money sitting in a savings account. People do not. They typically have money invested in job producing companies or rentable housing. These investments are tax advantaged also. How the hell is keeping money invested in businesses and housing against the economic goals of america. Was it santa that gave us the strongest economy on earth lol
arrdvarks 2 years ago
lol wtf i can hear the intro music but they cut his audio...........
chillVibes 2 years ago
We need more reps like you Ron
uplaterthanishouldbe 2 years ago
Ron, this is where the lack of education of rp truly shows. Bernanke said the fed turns a profit that is returned to the treasury every year. They have 22000 employees that take over insolvent banks and clear every atm withdraw in america. Whoops another rp paranoia myth explodes under the light of fact.
arrdvarks 2 years ago
You obviously don't know Ron Paul.
ItsBuzzkill 2 years ago
He obviously does'nt know anything!
"the fed turns a profit" ? That has to be the the dumbest thing I've ever heard! nothing the government does turns a profit!! THEY SPEND THAT'S IT! I'm out, this idiot claims Paul has a lack of education? (please don't breed)!
PTTHOR 2 years ago
PTTHOR, yes take the word of an obgyn about the fed. The quote comes from the chairman of the federal reserve from an interview on 60 minutes. It is not against the law to educate yourself from an economist with an education. Rp is an obgyn, complete embarrasment. He needs tutoring on economics from bernanke.
arrdvarks 2 years ago
So an obgyn can't know anything about the economy? He's a also a freaking congressman! An individual can't have more than one specialty? Obgyn's just simply can't specialize in other affairs?
sweetmissdixie 2 years ago
Nothing goes extinct (currency, animals, ideas, etc.) due to being outperformed by other things - they go extinct because of lack of force. We should keep the fed: If you have competing currencies and markets then people are just going to use whatever "seems" to be more valuable, but if you have a strong institution that enforces the use of one agreed-upon system, then you won't have to worry about balances being upset. And that's the important thing: Stability.
arrdvarks 2 years ago
arrdvarks:
You're missing where a lot of us are coming from. Even R. P. himself has admitted that there is little likelihood that he as President would have the power to get rid of the Fed, but realistically, the goal would be to make it transparent and under control of the people through their elected representatives in Congress instead of under the control of private banks who profiteer off the currency by charging interest on every dollar printed which the Founding Fathers strictly FORBADE.
RonPaulRevolution4u 2 years ago
There is no stability in fiat currency you dunce! And, the Fed is Unconstitutional right from the start!! Go back to Canada, they're missing your Marxism up there...
PTTHOR 2 years ago
PTTHOR, Send all of your unstable currency to us educated sane believers. I here the $ bill is still accepted. Rp followers should start a currency with his picture on it. My business would never accept it. lol Would yours? lol
arrdvarks 2 years ago
you obviously have a better idea... if the government wasn't fucking up.. then why is the economy so bad... you can blame whoever the problem is extending credit as well as other things.. we need to cut governement spending and get tax cuts so the people themselves can reinvest into our own economy.. what is a better idea than that! 165 million to aig chairheads as well as other governemtn scandels?
stimmty001 2 years ago
"Strong and effective regulation and supervision of banking institutions, although necessary for reducing systemic risk, are not sufficient by themselves to achieve this aim," Mr. Bernanke said. He said that the failures of government oversight systems and private risk management helped to precipitate the economic crisis by not ensuring that a flood of foreign money into the United States was prudently invested.
arrdvarks 2 years ago
Credit markets seized up and global economies began contracting in what Mr. Bernanke called the worst financial crisis since the 1930s. Google news
arrdvarks 2 years ago
Please explain the depression of 1920-21. You seem to have all the answers and I am curious to know your explanation of that time period considering statistics show it was worse than 1929 regarding unemployment, GDP, etc. How did our country come out of that depression?
betrily 2 years ago
Regulators on Friday shut down FirstCity Bank in Georgia, marking the 18th failure this year of a federally insured bank. More are expected to succumb to the prolonged recession.
The FDIC said it will mail checks to depositors of FirstCity Bank for their insured funds on Monday morning.The FDIC estimates that the cost to the deposit insurance fund from the closing of FirstCity Bank will be about $100 million. Usa Today THANKS FED!
arrdvarks 2 years ago
Falk, I am a 22 year business owner with a bachelors in compter information systems. Ron paul is wrong about the cause of the crisis. The removal of depression era regulations. My viewpoint is backed by nobel prize winning economists. Ron pauls ideas are not practiced in economy on earth in the history of the world. No you do not trade the largest economy on earth fro the ideas of an obgyn. He is wrong.
arrdvarks 2 years ago
what kind of business do you own? a lemonade stand, because you are economically retarted. why dont you take a glance at the constitution and see how illegal what the fed govt has been doing for the past 80yrs. stay out of politics youngin stick with recess
buddymac201 2 years ago
The federal government authorized congress to spend money in the constitution. With the federal reserve act of 1913 the congress and president extended this authority to the federal reserve. Ben Bernanke, 3/24/09 testimony. I own a contracting business. I am semiretired. Last year 25 people worked with us.
arrdvarks 2 years ago
Where is it stated that the Congress has the authority to give checks and balances away?
The federal government did NOT authorize Congress, the powers of the purse strings were given to the House as written in the Constitution. Congress cannot give their responsibilities to another branch. That is unconstitutional.
And since the FED believes it is above the law and answers to noone, Greenspans own words ( watch?v=ol3mEe8TH7w ) , the FED is certainly unconsitutional in it's current form.
FreeinTX 2 years ago
Down with the fiat currency!!!
FALKORDOG 2 years ago
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Txn, rp spends huge tax $ and then gives tax collections to the rich. This creates the debt. The fiat currency is not a problem. The fed provides elasticity. We have the largest economy on earth with the feds guidance. They also clear all atm withdraws. Rp is wrong.
arrdvarks 2 years ago
Have you researched anything? Do you just watch the news? Debt is created by borowing "money" from the federal reserve... Ron Paul knows what he is talking about. He should hes on the House Banking Committee.
FALKORDOG 2 years ago
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mavrek47 2 years ago
Your, The depression was caused by investors speculating on margin. The fed did not cause the tulip panic of the 16th century. Basic econ. Markets expand and markets contract. The fed is supposed to counter balance by providing liquidity. The fed released 2 hundred billion$ to provide liquidity the day after lehman crashed. No delay. No stimulus. It worked great. The fed does the job of morgan chase during the panic of early 1900.
arrdvarks 2 years ago
FUCK YEAH, RON PAUL!
wattaaa 2 years ago
YUP and we have monsanto plotting to make us allergic to crops and killing bees god bless america our fema camps will have rock bands and rap stars performing hitler never had sinatra at his camps,..
GLOBALRAPTUREdotcom 2 years ago
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danbowski40 2 years ago
Ron Paul is the Man!
yourboyken 2 years ago
Your, If you consider a gop member who claims to be a libertarian a man. I say Ron Paul is the confused Man. lol
arrdvarks 2 years ago
yes, all republicans are confused, except for Ron Paul because he is the most Conservative of them all by far, the republican [party has lost its way, Ron Paul is the light that Republicans need.
yourboyken 2 years ago
Your, Unlike obama who said what he is, a democrat, what he favors, a larger role for government, Ron paul is a fraud. He votes gop, He spends earmarks like gop, He supports tax cuts for the wealthy like gop, He is against abortion like gop, He does not believe in evolution like gop, He does not support regulation on business like gop, but he claims to be libertarian. If you believe this I have a bridge to sell you in New York. If he was truthful they would never interview him.
arrdvarks 2 years ago
its time you do a lil research about ear marks , earmarks brings transperancy to where the money is going and the republicans arnt just the people on t.v. the republicans are THE PEOPLE like me and you, this is what the foundiong fathers wanted, he is exsactly like us and the others are not Ron Paul is the leader of the republican party but they do not want to aknoledge that, thats why they are out of touch,they are frauds Ron Paul is the only pelf proclaimed Republican that is truely republican
yourboyken 2 years ago
I understand what earmarks are. Here is what ron paul will not tell you. If no senator directs the funds to any project the money goes into the general fund to be used to possibly pay off the national debt.
arrdvarks 2 years ago
"possably?" lol by the way Ron Paul is not a senator he is in the house of representatives, and the people elected him to take these steps and be there leader so if thats the mandated by the people then thats what he will do, put more earmarks wich brings transperancy.
yourboyken 2 years ago
Correction, Representative. Thanks. Possibly would be the operative word when dealing with politicians with money. lol.
arrdvarks 2 years ago
yes he is a representative, but not only a representative of his district but of many more people, and i say representatives becaue there is more thatn one REPRESENTATIVE in the the house. Congress is Authorized to have the power of the purse, this is what the founding fathers wanted.
yourboyken 2 years ago
your, and I said rp and the gop created the budget after giving away the money to pay for it to rich donors and mega corporations. This created our national debt. Had rp left the earmarks alone the extra money could be used to pay down the debt.
arrdvarks 2 years ago
"could" Lol
yourboyken 2 years ago
And having devoted much of his career to studying the causes of the Great Depression, Bernanke was the academic expert on how to prevent financial crises from spinning out of control and threatening the general economy. One line from his Essays on the Great Depression sounds especially prescient today: To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy. nytimes magazine
arrdvarks 2 years ago
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On virtually every topic of significance — how to prevent deflationary panics, for instance, or to gauge the effect of Fed moves on stock-market prices — Bernanke wrote one of the seminal papers. He championed ideas for improving communications between the Fed — whose previous chairman, Alan Greenspan, spoke in riddles — and the public, believing that clearer guidance about the Feds aims would help the economy run more smoothly.
nytimes magazine
arrdvarks 2 years ago
Ben Bernankes first exposure to monetary policy was reading the works of Milton Friedman, the Nobel laureate. That was 30 years ago, when Bernanke was a graduate student at M.I.T., and he has been studying central banking ever since. By the time President Bush nominated him to run the Federal Reserve, at the end of 2005, Bernanke knew more about central banking than any economist alive. nytimes magazine
arrdvarks 2 years ago
Your boy, I will let the wall street journal answer for me.
On the other hand, good libertarians should want to start cutting somewhere. The problem with earmarking is that each year the habit grows by leaps and bounds so that it now represents real money. It is also a gateway to political corruption -- a la Duke Cunningham, and other Congressmen currently under investigation for trading favors for earmarks. Wall street journal
arrdvarks 2 years ago
Your boy, I will let the wall street journal answer for me.
After reporters started asking questions, the Congressman disclosed his requests this year for about $400 million worth of federal funding for no fewer than 65 earmarks. They include such urgent national wartime priorities as an $8 million request for the marketing of wild American shrimp and $2.3 million to fund shrimp-fishing research.
Wall street journal
arrdvarks 2 years ago
well he is in the 14th district of tesas wich includes corpus cristi u know, he is a great representative, i havent read the report in the wall street journal but if he is mandated by the people by represents to do these kind of things, plus earmarks are good thing so you accually proved my point.
yourboyken 2 years ago
Yourboy, The point is he says he is against big government, then spends the governments money in a huge way. When combined with his tax cuts he and the gop bankrupt america.
arrdvarks 2 years ago
Federal Reserve is Destroying America, thats why i Love Ron Paul!
yourboyken 2 years ago
what is wrong with wanting to promote projects that help make us self reliant? why should the govt have the right to produce more paper money does us no good if we dont have the gold to back it up?
txnrvrrat 2 years ago
I respectfully disagree with the Doc. Some of the spending in that budget was essential. We must have medicare and extended unemployment, especially when the private sector fails. Capitalism is at fault, especially the banks that over leveraged themselves over the past few years.They were extremely over aggressive,and that is a major portion of our problem. The Free Markets work, but they are like children from time to time. Anyway, we don't have a free market, we have a fixed market after all.
dozerking 2 years ago
Why is there a Police Office in the front of Wal-Mart when I live in a low crime area Mr.President?
There is no Government Office in the front of any other Private Business in my city.
dewdewbrown28 2 years ago
Ron Paul 2012!!
Cribtool 2 years ago 3
This has been flagged as spam show
Ron Paul is an enemy of united states a traitor to his citizenship. I saw him on Russia today talking to those red commie snow niggers like there friends. All enemies of United states, Israel, turkey and Albania shell be cleansed from the earth. including those Commie reds, red chinese, vietnam, syria, iran, Palestine, egypt and all other niggers. Death to Russia.
Jimisonlons 2 years ago
Turn up your volume.
optionism 2 years ago
usually when a politicain backs down it is due to monies given or threat.
mountain19 2 years ago
Google "NOT YOURS TO GIVE" click on the first link, and read the story from "The Life of Colonel David Crockett". Share it with as many people as you can, if you agree with it. We have strayed so far :-(
prescottbill 2 years ago 2
He is correct. He is soo good, most Americans will never vote for him. We Americans like people with no business experience like Obama. Even an Assistant Manager is a McDonalds has more experience that Mr. Hussein. America is broke and Obama really thinks by spending more we are all going to better off????
fpinon5150 2 years ago
Does anyone ever think of how much taxes people have to pay and how they get NOTHING out of it but bullshit? I wonder how what the colonists would think of this. "No taxation without representation." The government stopped representing the people and their interests a long time ago. Time for another revolution.
kommisar 2 years ago
they have reaped from our labor we fodder for decades and many reasons why until now they bring in this new world order w/the history of going back to barvaria. they have turned us into sheep by w/holding info./knowlege putting us 100 yrs. behind the cutting edge after all we paid for the speed train below us which connects all the undergroud facilities w/speed of march 2 is it"?
mountain19 2 years ago
It's time to move to the
"Campaign for Liberty"!
Lead the fight, become a Precinct Leader it is growing in leaps and bounds.
We Will End The NWO!!!
Peace
PleaseActNow 2 years ago
Seriously Democrats and Republicans are the same- in that both want government to spend more money, with the technicality of where it should be spent! The national debt is out of control and is funded by borrowing money from China. The biggest issue of our generation- the national debt, don't address that?! This temporary illusion we have money from nowhere! Why increase the size of inefficient government programs Obama?! Why fund companies that are inefficient and going out of business McCain?!
GoLuckyOops 2 years ago 3
Implying cutting over spending can only occur in an ideal world! US is in huge national debt.... Yet we are supposed to increase spending?! Lets donate money to the world and lead the way for preemptive attacks lol
GoLuckyOops 2 years ago
Dr. Ron I enjoy you; you tells the truth on the matters, however, I tell you the TRUTH. It is near the end of time as you know it. JESUS CHRIST is COMMING soon. The only thing for you to do is to repent of your sins. The beast is out of the box and the real Id is the mark of the beast. The devil is the gov he is robbing the people to further his evil. Please read REVELATION 13:16,17,18.and DANIEL If you don't give your soul to JESUS you will burn in the lake of hell FIRE forever. Only way JESUS.
BNNYWVH 2 years ago 2
piss off asshole.
PwnforceFrank 2 years ago
BNNYWVH, shut the fuck up, you creep. People have been talking about "the end" for centuries now. Not a single prediction has come true obviously. Your "good book" has no basis in reality and is merely a collection of fairy tales. You're no different than the whacko guy yelling on the corner of a busy city block.
kommisar 2 years ago
Maybe if you took the time to actually read the " good book" ( as you call it), you would see where BNNYWVH is coming from. No doubt, you're just someone who does as he pleases, no concern for how others feel, no concern for where you will spend eternity. Obama may or may not be the " beast" the Bible talks about, but he sure is breaking alot of his promises these past few days, isn't he ?
deniseann1130 2 years ago
denise, I don't call it "the good book". That's actually another name for it. I didn't invent the name.
Yes, you're right. I am a callous monster who wreaks havoc as long as it suits me, because I don't believe in a book of myths that "foretell' the end of the world. Excellent thinking, denise.
Obama is a fraud, just like most politicians. He was a fraud before he even got elected into office by millions of gullible, racist Americans. (Yes, I used the "r" word, because it's true.)
kommisar 2 years ago
lie more please ty
bobbycatacutan 2 years ago
You crazy ass religious fools have been saying that Jesus is coming back soon for ALONGGGGGGGGGGGGGGGGGGGGG time, and yet ALLLLL this time you're super hero has failed you. NOW, lets get back to the more important things at hand. :)
mentalholocaust 2 years ago
ACTUALLY THEY ARE STILL UNDER CONTROL PORTIONS OF THE BIBLE WERE WRITTEN SPECIFICALLY TO MAKE PEOPLE ACCEPT THE manufactured end of the world so when they go to fema camps they ewont fight,,,Genious really they knew 1000 years ago what they were going to do,,,,
GLOBALRAPTUREdotcom 2 years ago
I really hope you were being sarcastic and were trying to prove a point with a straw man...
If not you should probably look up the definition of "self-fulfilling prophecy"...
Also lose the paranoia
JSparkleZ2 2 years ago
I am a selfmade successful small businessman. My business was railroaded with 4$ a gallon gasoline while the rp gop gave billions to exxon and the like in tax breaks. Then they have the audacity to be non government spending as rp earmarks 400 million$. It is an insult to the intelligence. Tell again the fairy tale about how the removal of glass steagle 10 years ago and rpgop malfeasance did not cause this economic collape. The fed.lol
arrdvarks 2 years ago
Fractional reserve banking intrinsically causes inflation and for that the Fed is largely responsible for devaluing the money through over production...
This isn't of course to say that there aren't many other factors, most of which stem from gov. negligence, that lead to this...
Earmarks are not the problem though as they are used to appropriate funds to states through reps... without earmarks spending power reverts to the pres and almost certainly will be used less efficiently...
JSparkleZ2 2 years ago
This comment has received too many negative votes show
726 and 8OO billion is big difference Ron.
And Ron you are one of the few people with this kind of ideaology. You basically said in this video that everybody who supports this bill is wrong, including the President and his top advisors. Ron, you were educated to be a doctor not an economic expert. Lets leave this to experts. Republics suck at bipartisanship, and now when they don't have a voice they are calling out the democrats. I say screw you republicans for doing bull the last 8 years
danny5534 2 years ago
He studied in Austrian economics, you really need to touch up on it.
enomarekim 2 years ago
he is right though, no matter how you want to slice it, all these hundreds of billions in stimulus packages is going to cause a society melt down fueld with hyper inflation. This country can not print dollars to the tune of 1.3 Trillion with a T, in a 6 month span of time, and not feel the effects of inflation. It is impossible. Sure everything seems nice with energy costs low now, but that will not last. We're in for massive inflation due to these stimulus packages, end of story.
illuminosticated 2 years ago
well thats obvious, but im more concerned about how the people should deal with it, (solutions) when it happens.i think the only solution i can come up with is SAVE, SAVE, SAVE people! save every dollar, every penny you have till you cant save no more!
YourOasis97 2 years ago
Save? Yes! Save dollars? No!
If Dr. Paul is right, dollars are being inflated (devalued). Invest your dollars in hard assets that won't depreciate. Precious metals, for example. Put your savings into gold or property or a business that provides real value!
chillkc 2 years ago 5
Or if you live in a state that is still free, buy guns and ammo.
cyberphant0m 2 years ago 4
Precious metals like copper, brass, and lead.
NiemandBinich 2 years ago
Check out NESARA. Money stolen from the Farmers during the 'crisis'!? The farmers won their suit but the govt. has refused to pay !!!!
jpurry 2 years ago
"Wasteful and Non-Simulative Spending in the House-Senate Conference Report (Note: Many of these items are typically debated and funded through the regular budget process). Including these items in an emergency stimulus spending bill plays an Enron-style shell game with taxpayer dollars. Were borrowing from the next generation to avoid tough budget choices today.What a shameful, inconsiderate, immoral, lack of responsibility on our part.
CruiserCT1 2 years ago
I always thought economics was beyond me, but listening to Dr. Paul and reading his books has changed this. I became inspired to read about the subject and I have a better grasp of macro-economics than I ever thought possible. And now I'm scared shitless about the future.
Ryan9145X 2 years ago 2
I love Ron Paul and his genuine concern for America. But I think his analysis of the situation if highly ideological and incredibly impractical. Most of the economic studies show that spending money on infrastructure generates more money than tax cuts do. Nearly 40% more. The most recent indicator to prove this reality was a study conducted by Moody's not long ago. Still i think Mr. Paul's greatest contribution is the concern he has placed on the ridiculous military agenda of the US.
dsdm239 2 years ago
i'd like to see this study. whenever the govt spends, it forcefully takes this money from the private sector, preventing private infrastructure from developing as rapidly. the private sector always does things better than the govt can. why does govt have to create infrastructure if that infrastructure is profitable to a company? that company would create it on its own.
kdawg860 2 years ago
You are parting from an erroneous premise. Critical infrastructure is not always a profitable endeavor that can function on the basis of offer and demand. It must cover needs that are not cost effective in the period in which a privately owned entity would need to cover its expenditures. In other words, public administration can sustain spending through longer periods of time, because it receives a systematic income in the form of taxation.
dsdm239 2 years ago
govt admin gets its income in the form of taxation only because the infrastructure is profitable. if it wasn't then there'd be no profits made and no taxes received. it is completely unnecessary for govt to create this infrastructure and is actually far more inefficient and wasteful compared to what the private sector can develop.
kdawg860 2 years ago
"govt admin gets its income in the form of taxation only because the infrastructure is profitable." Excuse me? Taxation has nothing to do, in itself, with the margins of profit that come from the deeds an administration decides to pursue once it is set up. It is a burden set upon individuals and on their own private financial interactions by governmental entities. It has nothing to do with the profitability of public works or critical infrastructure. That's reverse logic my friend.
dsdm239 2 years ago
tax is def a burden. but what i'm saying is that there would be nothing to tax if the infrastructure were not profitable. it is profits that govt taxes. critical infrastructure is most efficiently develpd by the free market since it relies on profit to operate. just because the govt nationalized roads and subways which were formerly privately operated doesn't mean govt is doing a better job. private opertion was far better. ny subways is one ex of inefficnt govt. govt doesnt need to build nethng
kdawg860 2 years ago
For the cited study, please look up, "The Economic Impact of the American Recovery and Reinvestment Act" by Mark Zandi, chief economist at Moody's. It is available in pdf format from economy(dot)com.
dsdm239 2 years ago 2
i just read the first few pages, and this so called "study" has so many errors in logic/economics it's absurd. "Unless the plan helps dissipate the current dark mood of pessimism, it will not stem the economic downturn." what do you think of this? if people simply become optimistic then things improve? this person thinks that nationalizing freddie and fannie set off the panic. he's as clueless as ben bernanke when he said in fall 07 that credit crisis was "contained".
kdawg860 2 years ago
Are you serious? Of course the mood of people is important. Have you ever heard about consumer confidence? Or why else would you think it is an important index that is taken into account by producers while planning ahead on their future investments? Consumer confidence is extremely important. It is an important factor for banks in determining future credit lending as well, which is essential in the functioning of a healthy economic system.
dsdm239 2 years ago
yes consumer confidence is just one of the biggest misconceptions people have in regard to the economy. it is not confidence that drives the economy. it is savings and production. why else would all this confidence lead to a huge bust. it's because the boom was generated by borrowing and consumption and utter confidence in living on credit. if confidence were a key indicator of growth we'd continue to have fabulous growth. confidence is a symptom/condition of growth, not a driving factor.
kdawg860 2 years ago 2
DSDM-the infrastructure has money through every kind of tax you can name. License,titles,registrations etc. etc. so if they spent the money where it was supposed to be spent we wouldn't have to triple fix a single problem.
jpurry 2 years ago
I believe delivering so many babies into this world has done something to this man. how dare he think about our childrens future when our present is so much more important!
god bless you ron paul, even with your simple words, you always move me to tears
forenough 2 years ago
The United States Conference of Mayors has a request for funds to buy military SWAT assault equipment for police forces. All in all, Americas mayors are asking for a little over $5.5 billion in public safety stimulus. A huge amount of money will also be spent on further spying on citizens, creating larger centralized databases, more propaganda in the schools and road projects designed to move forward on a NAFTA superhighway. You see, the states can not say no when it is federal funds.
wilsonpwt 2 years ago
Thimerosal is the preservative of choice for vaccine manufacturers. First introduced by Eli Lilly and Company in the late 1920s and early 1930s, the company began selling it as a preservative in vaccines in the 1940s. Thimerosal contains 49.6 percent mercury by weight and is metabolized or degraded into ethylmercury and thiosalicylate. Mercury, or more precisely, ethylmercury, is the principle agent that kills contaminants. Unfortunately, mercury also kills much more than that.
wilsonpwt 2 years ago
One section of the latest economic stimulus bill designates nearly a billion dollars for new vaccinations of children. $954,000,000 shall be used as an additional amount to carry out the immunization program authorized by section 317(a), (j), and (k)(1) of the Public Health Service Act ("section 317 immunization program")
EdaByrd 2 years ago 2
wasn't the wording "for chronic disease [whatever that means], better health, and immunization"? scary to think all the stuff that'll be going into kids..
imapyro696 2 years ago
The economic stimulus bill also requests more than half a billion dollars for "genomics programs", saying:
$545,000,000 shall be used as an additional amount to carry out chronic disease, health promotion, and genomics programs. I guess it means they can poison us and say they told us ahead they would "carry out chronic disease" - who knows, and that is the scary part.
EdaByrd 2 years ago
that's right genomics programs. got that mixed up with the immunization. thanks for correcting. scary stuff. beyond Orwellian.
imapyro696 2 years ago
I love how they vote on a bill for 1 main purpose but throw in numerous other things in these bills we never know about till its too late
BickeyMan 2 years ago
if u dont spend, dont bail out companies, then what's the fix? do nothing? dont tell me tax cuts will bring us out of this depression. and how do u create jobs?
mathewjohn5174 2 years ago
The problem in simple terms is they bail these company's out and prices(our cost of living) stay up. While free market needs to let prices go down bc the market is saying people can't afford things, hence foreclosures & repos. People as a whole are earning less while our $ goes dn. the jobs will open up as we evolve with new needed technologies. Govt is what is messing up free market.
BickeyMan 2 years ago
yea its especially bad when bernanke is putting a floor on house prices so that they can only go so low- it'll only perpetuate and exacerbate the problem!
imapyro696 2 years ago
That's an old printer to his left. What's he playing at, he should buy a new printer on his credit card, and help get the credit bubble rolling again.
ianclivewright 2 years ago
I feel asleep on the first page
AMORANDPAZ 2 years ago
"The best way to control the opposition is to lead it ourselves."
Vladimir Ilyich Lenin
jhaing 2 years ago
It's a Stimulus Lotto PORKage.
Packed full of socialist programs that have absolutely NOTHING to do with stimulating the economy! Like creating trails for ATV's and buying the government new vehicles.
Most of the people voting have not even read the entire bill!
Stupid 3 Republicans! They're NOT Republicans! They're Republicrats.
All the stupid idiots who voted for all these Democrats and Obama! It's going to come back and bite them on the butt!
FireThunderTV 2 years ago
It's a fine age to be a bum, that's all I can say.
Segtilt 2 years ago
LoL...lotsa free goodies! Yea! Who wouldn't want that? It's like Christmas every day of the year!
FireThunderTV 2 years ago
OUR country is about to be sunk. This man is one of the only person in government that speaks to me as an American working TAXPAYER. Blood was spilled to give us our way of life in 1776 and our founders would roll over in their graves at this point in my humble taxpaying, veteran, educated, humble, opinion. God Bless us All.
gihoosier26 2 years ago 2
Sadly, America is everything it was once founded to defeat. Free market economics is probably dead forever. Constitutional Republic is an idea that has been all but forgotten by the world.
So what now? Probably socialism, communism. Maybe even something like 1984. Real bummer huh?
Segtilt 2 years ago
Perhaps booting out the British for the narrow interests of an elite few was a mistake.
We'd be prepared to take it back, then you could have a monarch again, a decriminalised society, free health care, but you wouldn't be able to own an anti tank missile for home defence I'm afraid, but give and take, hmmm?
ianclivewright 2 years ago
smart ass :)
legionreaver 2 years ago
w w w . IHateObama . com
FireThunderTV 2 years ago
abolish income tax and replace it with nothing. Not the fair tax. The fair tax punishes consumers and will hurt poor people the most cause they have to spend all that they have to buy living things instead of saving and building interest
thunt1294 2 years ago
We must join the Campaign for Liberty!
We will be heard!
Peace.
PleaseActNow 2 years ago 2
The last few words included seniors in college worrying about their jobs. My teacher was getting out of college during a drop in jobs and he had a 6 year degree and was working in a factory making lamps. Dr. Paul is right about the stimulus and since i will be graduating from college in a few years i do not want this to happen to me. RON PAUL 2012
SUP3RST4RXTC 2 years ago 2
Right or Wrong; The Majority of People only follow what is Popular. So the trick for an Ambitionist is to make your opinion, your views Popular.
WOTGMedia 2 years ago 3