CNBC Part 1

[kessass83]

By auditing that institution you will have much sounder financial system rather then: Oh don't audit, oh very dangerous". I am not sure if they know what audit means. And plus only politicians (or very few who should know) i think would have final results about that audit. And upon them would be to tell or not to tell.

[kessass83]

The problem is that all these politicians and top economists has to be diplomatics and don't hurt any side they represent. But at the end, if the government can't Audit the institution which control money issue, so there is 200% fraud and there is something wrong. The only thing they do is they play with words. Waste tax money? By inflation you put much much higher tax on people.

[mthaker]

I think Professor Mishkin is an honest man who doesn't intend ill things. He's an academic and does indeed have a wealth of knowledge, but I think he is a bit naive by believing that everything that goes on in the Fed's discount window is sound decision-making. He also doesn't seem to take into account how the Fed distorts the freemarket by introducing moral hazard, cheap credit, and monetary inflation.

[AuxentiusZ]

Get Ron Paul in the White House!

[bluetablepainting]

"There is a lot of hostility to the Fed." Yes there is, and this will increase if there is an audit. There SHOULD be hostility to a central bank.

[bluetablepainting]

The fundamental error here is that the fundamental thing that banks do (fractional reserve banking) is a fraudulent exchange. It's legal, yes, but it does a basic thing. It consolidates money into few hands. The power of a Central Bank can suck the life out of a nation, centralize resources and runs the risk of turning a whole nation into a Killing Machine (eg waging wars that it otherwise could not have afforded).

Back to point: banks SHOULD fail. There should be runs on a bank.

[bluetablepainting]

Mishkin's arguments are pathetic. There's no way to do a Centrally planned economy "right".

"In the United States, it [The Fed] fundamentally altered the balance of power in our democratic system. Votes, campaign promises, polls, public opinion, laws, restrictions ont he state, all of these forces took a backseat to the goals of the government to expand." -- Ron Paul

[bluetablepainting]

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done int he case of gold... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process..." -- Alan Greenspan before he became a Statist.

[StockMarketVideo]

GREAT VIDEO! Thanks for sharing!

Happy Trading!

[TheHylander1314]

What Dr Paul talks about is very good. The trouble we have, is the moneychangers in, and in control of the temple. We need to kick them out as was done in the past. Just as Andrew Jackson did to the 2nd Bank of the United States.

[johnnnyboi123]

the problem with the bill is... we print ink numbers on paper and call it currency

[borisbmx]

how did we end up with Obanation and Israehell when we we had this choice.

[98wongjf]

"Banks frequently are not willing to sufficiently protect themselves..."

That's the most f-ed up thing I've heard. And he used it to justify to hide information for the Feds!?

[aicohn]

At the very least, the fed needs to tell us how they are manipulating the precious metals markets. They refuse to do that, so lawsuits are flying to force this. The top 4 short holders in silver are big banks (JPMorgan is #1) & they are short 30% of annual production. The fed is most likely wrapped up in that & we the people have a right to know precisely how.

[honestann]

If the transparency is not TOTAL, the federal reserve criminals will just create new schemes that are non-transparent to accomplish what they wish. In fact, the moron against the RonPaul bill talked about exactly such practice of the fed - of creating new schemes to accomplish whatever they wish.

[maninfull1978]

Mishkin sounds like such an idiot, makes no sense except when he says t-shirts look good

[ApocalypticGospel]

End the FED!

[Manchin2be]

I think this is one of Dr. Ron Paul`s best shows ever. Attacked on every front..from independence to the fed (independent of politicians and ergo lobbyist) like it was some holy institution. To the usual "old fashion going back to gold standard argument. And he just say give it to the market, let the people decide what they want to back their "notes" up with, as long as it is backed. Almost as good as "cigarettes better than money" old statement.

[rlake76]

Well, Rick's "the issue is it's too ad hoc" in nature is vacuous concern at best.  Oh well.

[n0us3rn4m3s4v41l4bl3]

Yes, Zimbabwe has the most transparent system of government on the planet. That's why they have so much inflation.

We must let the FED proceed without any question. The people can't govern themselves. AIG uber alles!!!

[cmbradford]

hahaha! nice

[n0us3rn4m3s4v41l4bl3]

Austro Libertarians = populists?

hahhahahahahhhahhahahahhahahah­ahahhahahhahahahahhahahahahaha­hahahahahahhahahahahhahahahaha­hahhaha

retard

[sonofaglitch2]

All of Mishkin's assertions/arguments are completely hollow and unpersuasive.

Paul did a marvelous job here...it's always great to hear an intelligent individual such as him be allowed time to articulate his ideas.

[RMMHS4RP]

The professor is right about one thing: When you have a central bank that is not independent of short-term political pressure, that is when you get the debasing of the currency. Trouble is, there's no such thing as a central bank that is independent of short-term political pressures.

[AFRIKTODAY]

Who the fuck is professor shietskin? Shut the fuck up, nobody understand what you are talking about!

[Epic878787]

Awesome that they let Paul speak so much without interruption.

[quizerry]

Ron Paul if you have followed his views the past ten years he has predicted correctly 99.9% of the time. He makes the rest of congress look illiterate.

[BlueTunisia]

OMG... Seriously, the more I listen to Ron Paul, the more EVERYTHING makes sense!!!

I love this guy! Ron Paul is the MAN!!

[PatricksTime]

ron paul needs to stop talking common sense he is confusing people

[cowboy1165]

Na,a,a,a,a,a,a,a,a,a,a

[quizerry]

The rest of congress needs to learn from Ron Paul.

[obaidkarki]

Sorry I cant give you less than

S E V E N S T A R S

Come to Dubai for Coffee,Cookies & Aphrodis Camel Milk

Adieu

Hepcat

יברך אותך השם תּוֹדָה רַבָּה עביד כארכי

الأخطل عبيد كركي

Obaid Karki

[rdeckaj]

The Fed and their supporters have to stop an audit, and their main reason is not to protect the different parties that received special treatment. The main reason is that they would have to explain where the money actually comes from! And that is outof thin air! Imagine all of America finding out that the all powerful Federal Reserve is nothing but a criminal enterprise engaging in counterfitting!

[MendingMedia]

So awesome!

[mmaier2112]

If the Fed is on the up-and-up why can they not withstand INSTANT and FULL scrutiny on absolutely everything they do?

Think about what Fed advocates are saying. They do not want the public to know when a bank is in trouble.

Well, guess what? If the bank IS actually insolvent, that doesn't hurt the consumers one bit! Because their money is insured by the FDIC (actually, it's not but that's how the FDIC is sold to us).

So the customers aren't in any danger so where's the harm in the truth?

[RonPaulGeorgeRingo]

If I had a dollar for every Reagan/Limbaugh "conservative" who chose PRIDE over truth (Ron Paul) in the Republican PRIMARY (when it COUNTED) . . .

And NOW (only AFTER Bush is gone), the 95% of "conservatives" who did NOT vote for Ron Paul want America to take them seriously?

Throw away the Reagan/Limbaugh template - forever! THAT is the starting point. Hypocrites.

"Fiscal conservative" is a meaningless term - thanks to Reagan.

[cowboy1165]

Could not agree more. "Fiscal conservative" or now "Neoconservative" also known as "liberal conservative" go figure. Their not "bleeding hearts" (Because they love their war propaganda and raping the American public to keep it going) but you can have all the social programs you want as long as the executive branch controls them, and not the congress. In fact the executive should control everything...No thanks

[louis12346]

Do not shine the Light on cockroaches,

[cowboy1165]

unless you have on your "cockroach killers" while holding a can of Raid.

[S0undBite]

I'd vote for Ron Paul, Obama has shown that he is the same as everyone else so voting for the democrats or the republicans doesn't make a difference

[OutlawTomFantastic]

This Prof. Mishkin guy who is part of the J-tribe is doing everything he can to dissuade us from finding out where the money really goes. This is ludicrous. The American people deserve to know where their money is being squandered. And when we do find out, we deserve to have the Fed demolished AND REPLACED WITH NOTHING.

[mendelbot]

What is a J-tribe?

[jkeasberry]

Ron. You the man, no doubt about it.

[SonsOfFreedom]

He was right all along. Bless you Ron.

[truefictions]

I hope someone out there is archiving this..

Go Ron!

Peace

[AminCad]

RP is awesome.

[Sivels]

It's wonderful that there is someone out there like RP who understands and explains the big picture....

[mrpatience2007]

Honesty is never 'problematic'

[atrickpay11]

End the dumb FED. And abolish the federal government. Let's return to 50 nations.

[jcvjcvjcvjcv]

Why can't the fed advocates never speak without stuttering?

[travlyr]

Audit the Fed... End the Fed. Sound Money = Prosperity

[demonichalf]

The FEDs will continue fighting this bill as much as possible so they can and probably are in the process of covering there mess behind closed doors.

Who ever fights this bill is one who has had there hand one to many times in the cookie jar, That is why they are running scared, go figure.

[StepUPNJ]

These Fed guys keep on making the same ridiculous argument about the dangers of an audit, spinning the same gobblykook 100 different ways. Its simple...6 months AFTER the fact we want to know what went down. You can ONLY argue against that if you have something to hide.

[brentvannmorgan]

Its so obvious that the Fed is throwing the kitchen sink at this bill. The two guests interviewed couldn't even address HR1207 directly. The ONLY thing that HR1207 does is look at the books long after the fed (6 months) has made its decisions.

Why shouldn't we know what the government does with our money. If the need to keep what they are doing a secret then maybe that should tell them they shouldn't be doing what they are doing.

Secrecy = unmoral

Ron Paul has converted me

[PoliticsAddict]

don't you mean, immoral?

[brentvannmorgan]

thank you for the correction, I'm sure nobody would have been able to figure that one out.

[soundgarden21]

Yea, when the supply of Peanut butter peaks, it will slowly cascade into a catostrophic nightmare- Ron Paul is the man though-

[MengersDisciple]

What a fantastic and eloquent opening from Dr Paul!

I hope he wakes up a ton of more people with just this show.

[PersianPaladin]

Why wont you talk about Peak Oil?

[roundman3000]

Same reason we don't talk about Peak Peanut Butter.

[AFRIKTODAY]

there is no peak oil!

[TheTwelfthParsec]

ow the system is supposed to work.

[TheTwelfthParsec]

Someone needs to do a documentary on the corruption of our monetary system and the shenanigans that have been going on behind the scenes since the days of Alexander Hamilton. It's amazing how very subtle and gradual changes in both how economics is taught in public schools and Universities, and how economic issues are portrayed in the media have added up to the point where it's impossible to rationally discuss the problems with our monetary system because people have false preconceptions about h

[XulChris]

hahah teeter hangups

[bigsid920]

Ron Paul wins, again. Bankster schills lose!

[cheeseaura]

14:30

Ron Paul just put on his game face.

[VexRiot]

Peter Schiff put out a call to volunteer the phonebanks to help him get elected senator.

Schiff on volunteer the phonebanks

watch?v=0iChlGwVCfs

Get SKype or Magic Jack for long distance calls out of state or country.

[Bittermanscolon]

Great vid.

[VexRiot]

Go-go Gadget!

[sayntfuu]

RON PAUL!

[RileyE104]

Has anyone noticed that these guys from the FED always start their sentences off with "So.."

It's.. So... annoying. Especially Scott Alvarez. Every single sentence, so, so ,so...

[LIGHTRONIX]

along with "well...."

[blargen3141]

Rand Paul 2010

Peter Schiff 2010

Adam Kokesh 2010

Ron Paul 2012

[FreedomParadox]

Thanks for posting this video! Long live Ron Paul and the freedom movement!

May America bless itself and, consequently, the world. I follow overseas with great expectation.

Peace.

[nvsyru]

I would really like to see an interview like this but with Obama sitting next to Paul so that we could see what Barack thinks of what Ron is saying.

Quite frankly, I agree what Ron is saying, especially since what he is saying makes so much sense, unlike Barack's UNCLEAR statements that follow him saying, "Let me be clear ..."

Thanks for posting this video!

[guidobambino]

hahaha that was a good impression of obama

[RMMHS4RP]

Mishkin is alleging that HR 1207 is disingenuous. Is that not the pot calling the kettle black? How could Ron Paul fool over 300 of his colleagues? Politicians are stupid, but they're not naive.

[Go12Go]

Mishkin is a snake with Orwellian rhetoric

[MooseOfReason]

"We're gonna take a break. Your microphone just fell off."

Hehe. That's how you know he's on a roll.

[Blackjack555]

Ron Paul = Greatness

[spyletu]

this guy has "unintended consequences" all up side down either deliberately or because he is stupid.. unintended consequences come when you regulate something that's too complicated for you to regulate. the fed is already showing all symptoms of unintended consequences in the market.. transparency simply lets the market handle fed decisions more easily so the consequences don't come out at once as a blow-out.. this guy needs to work on his logic.

[heymisterderp]

Politicization with transparency is far superior to politicization with secrecy. Mishkin for all his academia needs to understand that relative difference.

[cowboy1165]

And that is the bullshit taught in Columbia University...I would demand my money back.(At gun point if necessary, since you are defending yourself against a dangerous thief.)

[AFRIKTODAY]

Agreed! The business of high end prostitution; that's the kind of program our finance media is spilling on us! Talking about a debased society!

[Taors]

I hate to use democracy in this debate, but as far as the first guy's concerns...75% of Americans want Ron Paul's bill to pass. It doesn't matter what you think anymore. The people have spoken.

[ZanyGoof]

Lol, yes kowtowing to the masses, Shudder. I think he meant democracy. Pesky peasants. My favorite was first Miskin informing us that we monitor the Fed plenty right now. But he didn't explain why that doesn't crimp the Fed's cherish independence?

[residentzombie]

America is a Republic, not a Democracy.

[HarrisonCountyStudio]

However True... we are currently operating a "mob rule" government... close to socialism

[ZanyGoof]

Lol, heck I would have been a anti-federalist. I just found it hilarious that a US Senator would openly hold democracy in such low regard. Aren't we overseas fighting in order to spread democracy across the globe?

[residentzombie]

That is the propaganda that mainstream media puts into your head. If you want to know why we are at war, you must do alot of independent research. I have a couple theories but would take too long to explain them.

[AFRIKTODAY]

@ZanyGoof

Spreading democracy?

What about spreading death?

[ZanyGoof]

Lol, I am so misunderstood. My point was that democracy is a sham. It's fine with the ruling elite as long as we do what they want, when we don't it is kowtowing to the masses. And of course spreading democracy as an excuse for war is nonsense. Imagine if the Iraqis or Afghans were allowed to vote for whom they wanted, and someone unacceptable to the US was elected, lol. We wouldn't allow it.

[wcarlpdrysdale]

The fed IS the disaster to our economy, and is completely unconstitutional.

[pipe34101]

How do you defend the fed by saying "an audit would be disastrous to the economy"... The fed IS the disaster to our economy, and is completely unconstitutional. I agree with Congressman Paul. hr1207 is a weak bill, and we should be moving faster towards ending our central banking system. Check out hr4248. Gregg says "this bill harms the ability of the fed to do its job." They've already done a horrible job. Most people get fired for screwing up this bad.

[jwinter228]

its cool they did this - nice to hear some truth on tv once in a while

[Leavon]

Look another academic that thinks they have the answers, but the systems they have been teaching aren't working. "Armchair Economist"

[fortsmith1]

I don't know why anyone would defend the fed. They are screwing us.

[Gaobdgao]

that is because they are working in the FED section...the money they are making is coming out of the Fed pocket...

its doesn't matter if they aud the fed now...Copenhagen treaty is giving the world bank ultimate power to print money any way they want to help anybody they want....It is just the beginning of WORLD GOVERNMENT...

[xxxresistance]

Because its the Foxes guarding the Hen house. END THE FED!

[protectedparody]

Watching the opening introduction prior to Ron Pauls appearance on CNBC, the network resorted to the using the following words and pictures to represent Dr. Paul and his political principles:

A lightening rod for controversy.

(roll lighting bolt and thunder clip)

Congressman Ron Paul and his crusade against the Fed.

(roll clip of The Black Knight scene from Monty Python And The Holy Grail)

CNBC opens the segment by painting as contentious, a constitutionalist legislator like Ron Paul.

[BankofSpirit]

Mishkin, fool/tool, a peon who raised his rank to puppet says "Problematic". "Unintended consequences if passed" They illegally, unconstitutionally sired the Fed Reserve Act/Income Tax, was/is fraud, it has brought about Unintended or is it intended, consequences? Obviously intended yet, the peons they own today are useless fiat-$ junkies & deviants, worthless liabilities, soon, all fiat-beings, corp(se) abetting pieces of shit who stir strife, act/pretend, get 6ft Tall-Mud Huts underground.

[spyletu]

and he mentions no specific point of the bill when asked, he didn't read it.

[cowboy1165]

No, Gregg didn't. He only regurgitated the information his masters gave him...well done traitor. So much for the "LIVE FREE OR DIE" Representative.

[spyletu]

SIX MONTHS!!! he didn't say the info would come out immediately, can you either learn to read or listen for a second, fuck.

[NotOfThisGalaxy]

The government does not create money. Private banks do. The government does not create money. Private banks do. This is the elephant in the room. This is the Big Crime. The nation could not be in debt if it created it's own money; and it will always be in debt under the current situation. Spit is out Ron. Drive it home. Don't assume the people know. We need to audit the Fed; then we need to End The Fed.

[njThaze]

mishkin, the system 'folded up' becasue we have a fractional reserve system and when banks' loans went bad they did not have the cash on hand to cover losses due to over levereging. berneke doubled the money supply in late '08 to paper over bank losses. we are not seeing inflation because banks have their free fiat money in excess reserves held at the fed. doubling the money supply will have visible inflationary impact in the near future.

[buceriasbo]

hanging zionist traitors is not anti-semitic! got rope ?

[TheEbonicslover]

zionists are not traitors. It is their policy to destroy other nations and impose tyranny. Traitor is would be one of us that did it

[MagnusIan]

Judd Gregg is a moron.

[K46620]

Fantastic interview!Let's hope they bring him back for another one sometime!

Perhaps they could get Peter Schiff on there for an hour too.

Paul/Schiff 2012!

[VictoryCough]

If anyone has ever seen magnolia, Ron Paul looks like that guy in the bar that William H Macy goes to.

I like when Paul says "this whole idea."

[thechitowncubs]

The first segment is where its at.

[xwolflowx]

Ron Paul would fit right in with our founding fathers, and the FED is an evil tool of USURY! We left England for FREEDOM! FINANCIAL FREEDOM! We left the banking dictatorships that ran the mid evil ages and wanted to keep what we earned. The income tax is a unlawful tool of the FED and has never been properly appropriated and should be abolished as it is not even used to run our government, it is paid directly to the FED and central bankers that PRIVATELY retain ownership of all profits made.

[residentzombie]

Ron Paul reminds me alot of Andrew Jackson.

[papaneuf]

The American people are not dumb and can see these two have benefited financially from their fed connections in the past and will in the future. They do not care about the future of the country any further than their wallets. I am glad I am not a resident of New Hampshire. I would be ashamed to have this guy representing me. I think this was a MAJOR victory for Ron Paul and his principles.

[papaneuf]

Best Squawk Box I have ever seen. I feared that the forces would be lined up heavily to discredit Dr. Paul and they would basically shout him down. Not so! Much to the credit of Joe, Becky and Carl they were quite restrained in interrupting Dr. Paul. IMHO Miskin and Judd Gregg were the perfect foes to pit against Dr. Paul. Unless it is just me, it seemed their insincerity clearly showed through. (continued)

[gelphlin]

yaaaaaaay.  just love him.

[DawgoneProducts]

He's the only politician that never lied to the American public. He's been right about everything. He should be up there as our President!

[jcNOVA88]

Ron Paul for FREEDOM!!!!!!!!!!!!!!

[siasina]

Ron Paul 2012, thank you for posting this.

[namehoela]

Ron Paul on for a whole hour. I love it!

[ColtraneTaylor]

What I don't get is how the mainstream media now gives Paul that much air time. How do they let him talk about ending the Fed so much?

[jobrien2001]

"Compared to what?" LOL owned

[TreyNitrotoluene]

We love you and he is right! I don't always agree with every solution but we agree on the issues and problems. Don quit Ron, we won't either. :)