Ron Paul on the cause and solution for the housing bubble

[turfterror]

Let us NOT ELECT THE ONLY GUY WITH A BRAIN...Vote for MORE OF THE SAME...HELLO AMERICA DID YOU BUMP YOUR HEAD???

[Affiliatesreview]

dis dound so gud..isn't it rockinn..??

[PcGamesJunction]

lol

[apetersohn12]

and the dollar is down 16&.

[apetersohn12]

nightnavin... since spring/summer2010 corn is up 71%, oil is up 24%, oats up 106%, wheat up 67%, soy up 44%, copper up 47%, gold up 21%, and silver up 48%.

And we are only at the beginning of QE 2.

[nightnavin]

what person still sees this as intelligent after 2 years of low inflation?

[joshlanjaron]

Ron Paul has opened my eyes to what money and debt really is, and I always considered that left is good right is bad. Result...Ron Paul is great man foe the US now and the west, and Hugo Chavez is good for the Southern hemisphere. Both are taking on the Oligarchy in their own way for their very different cultures!

[mit26chell]

Aspetta,

lenders didn't buy the homes, the people, going on bad information from artificially low interest rates did, whether they were sought out or not by predatory lenders - it was still their decision.

People need to be accountable and take responsibility for actions they take. You have to assume responsibility for yourself if you believe in freedom.

[Aspetta17]

"People made mistakes buying houses when they shouldn't have"? Sorry, but ignorant/stupid people need LOANS to buy houses, so why don't we, for once, lay the blame AT THE SOURCE -at people who lend irresponsibly, who INTENTIONALLY seek out and advertise to the "stupid" and "ignorant" - just to make a buck. If you have the money, then you have power to lend and you also have power to NOT LEND. The only "mistakes" were irresponsible targeting, loaning, and selling practices. NO EXCUSES.

[ourearthhome]

Ron Paul correctly sees that monetary inflation resulted in artificial inflation of prices of housing because of tax and other policies that subsidize home ownership. But the Fed is not alone to blame because every American property owner was anxious to see his property increase in value and would instantly vote out of office any politician or government that tried to eliminate housing subsidies despite the fact that they are dangerously ill conceived. Monetary reform is not the whole solution.

[TimTrimT]

Obama! You need Ron Paul in your cabinet!!

[amy1827]

Why this man isn't running up against Obama is beyond me. More than likely McCain will lose and if he does, the good news is we will be rid of him once and for all. Ron Paul could easily get Dem and Republican votes if he were in the election and our system weren't so corrupt.

[zorat2008]

Is he right? or is he right!

One of the last honest politicians.

[sgdp]

I like the way he says "discount window".

Mmmmmm....

[Shadow101Dancer]

Clearly Ron Paul does not need notes. He is well informed and understands the economics much better than most. Obama needs notes and I sense he is much more radical than he seems-McCain needs notes and something else it seems...Hillary comes the closest to knowing the facts but she is not stupid at all-in the WH for 8 yrs,but still she is a Globalist and supports NWO. Ron Paul has the integrity we need and the superb reasoning he contributes to stark problems.Back to basics, back to truth RP

[ourearthhome]

Sure the FED is a criminal conspiracy but all it did was aggravate the more fundamental and insidious game of encouraging investment in housing for profit. Investment in housing for profit is really land speculation because buildings do not appreciate in value but land value does. The solution to rising housing costs will only come with discouraging land speculation. Switching property taxes to land value only while untaxing the building will do the job. Google 'Henry George'.

[Iconoclast421]

Cheap labor generally evens out economically. For every job lost to an illegal or a chinese, there is typically another job created through increased productivity brought on by cheap labor. Look at all the productivity that has been brought on by computers and cellphones being so cheap. That would not be possible without cheap labor. But the Fed's destruction of the currency helps no one, there is no upside to it. (Except perhaps as a means of economic warfare against poor countries.)

[highonhayek]

This man knows what he's talking about. I think the Straight Talk Express belongs to Ron Paul.

Name ONE other economist in the congress.

[whitetuber]

He's a straight shooter. He shoots from the mouth and thats where it counts.

[ornelas3830]

"The illegal Mexicans have killed the economy"

That is the most idiotic statement I have read this week. The American economy is astronomically large; GDP is 11,712,000,000,000....yes in the TRILLIONS. Exactly how did the illegal Mexicans kill the world's largest economy? Sure, an influx of cheap labor will shift the supply of labor causing a decrease in wages in the labor market but will hardly suffice to cause an economic meltdown to the largest economy in the world! The FED is to blame!

[markyp19]

Barrack Obama might talk fancy and be the peoples choice but Ron Paul is the man who could, at least has the intellect to help Amercia I was rooting for Obama but the smart money should be on this guy.

[DanMorin007]

Ron Paul is a genius.

[alansready]

greenspan was an idiot and he did not follow ayn rands ideas and we are now going to go into a depression. we need to elect ron paul as president and we need him now. mccain is a disaster. we need ron paul and the gold standard. vote ron paul

[kevinkmny]

That's what those pulling the strings would like you to think. Follow the money, however, and you'll find that illegal immigrants are just a drop in the bucket regarding the problems. Much more about outsourcing and offshore shell games

[xavster]

so unusual to see an honest politician, i'm shocked... why don't we have more of them?

[alansready]

the housing bubble was created by greenspan and now ron paul has the solution and we need to get him elected president and we need the gold strandard back.. lets vote for ron paul.. i am tommorow in maryland. i have written and worked for him so hard . i am deeply depressed that ron paul was not voted for by more people. ron paul is a true hero..

vote ron paul before it is too late.

[circle43cm]

I hope that Americans will be smart enough to process what Ron Paul speaks about.

[tomgesch]

they aren't :(

But remember

It takes a 5% minority of irate citizens to get something done.

10% watch what is happening

and 85% say, what the hell just happened?

[sallyann22]

"Financial market conditions...have produced a volatile situation ... a sharp and protracted correction in the U.S. housing market. According to the most recent available data, housing starts and new home sales have both fallen by about 50 percent from their respective peaks." Bernanke made no effort to conceal the gloomy facts:

"Currently, about 21% of subprime ARMs are ninety days or more delinquent, and foreclosure rates are rising sharply ...

[ronpaul20082]

I rush ordered a red ink stamp with the phrase, "Vote RON PAUL '08 for President & restore the value of this dollar!!! - Google Ron Paul!!!" I'm stamping all my money with it over the next year (thousands of 1,5,10, & 20 dollar bills) & asking others to do the same! You can buy an ink stamp at kinko's or online (google "ink stamps") for as little as $5-20! Just imagine the recognition Ron Paul would get if we all did this!!!!!! GO RON PAUL!!!!!!!!!!!!!!!

[gsoldi]

ron paul 08!

[ymity]

Simply astonishing... breathtaking.. I've spoken to a Economics professor(macro) about this answer of ron paul, this is what he said, exact quote; "Wow, I thought i've heard it all, but this guy outsmarts me in a way i didn't know was possible. That actually made sense"

[TurboLoveTrain]

Simply amazing. Were hozed if we don't get this guy into office.

[choppermfg]

Have your heard this from any other candidates....no they are into b.s.the public Ron Paul tell it like it.

love you Ron

[maggiebott]

We need to take down the Feds and their elitist group.

[slimpickens63]

very smart man knows the issues...

[thetimman00]

Banking is in trouble worldwide. This is how I found out about Ron Paul. I knew there was something wrong about how inflation was being reported to me in the news and started to research it. I ended up with a candidate I will work for any way I can. RP08

[RevoluionOmni]

No scrip here people.

Bush's brain would melt from what Ron Paul was explaining. He's amazing, and so confident in what he's saying.

[SanekD]

Thoughtful truth will take a lead over the ignorance and greed of current political and finacial circles of America! The world has big hopes for you, Dr. Statesman!

[aceyorba]

You TELL them Ron....

[zeplinwolf]

Spread the word about Ron Paul.

[sanarkhos]

Ron understands the nature of money more than most professional economists.

[GodandLiberty]

@sanarkhos He does so because he understands it from a MORAL perspective.

[DaveKarl]

I have to say, Ron Paul is the most knowledgable candidate on monetary issues I've ever seen. You can tell his knowledge comes from his own learning of the issues over the years as opposed to some high paid political coach, who teaches you how to babble in a way that makes it look like you know what you're talking about. Which other candidate can talk for more than 2 minutes on this topic? Not many I think, Dem or Rep.

[us21sequence]

He's absolutely right about the CPI being unreliable. You can't measure inflation by looking at CPIs, it has to be measured by the amount of money in circulation. Unfortunately the fed doesn't release that information, they make us focus on prices...

[hqlion]

And he's a medical doctor! WOW

[gwengoad]

It time somebody who understands economics is in the White House explaining it to the American people! go Ron

[jasonmathews99]

Wow, I've never heard a presidential candidate ever address anything like this. This is amazing

[gwengoad]

This must be the first time you have heard Dr. Paul speak, keep listening and pay attention, that is if your not to poor to pay attention :)