Ron Paul Questions Paul Volcker During Joint Economic Committee 02 26 2009

[prjerry7]

lol ron pauls questioned every chairman since the formation of the federal resevre, this guys old

[rmondave]

Volcker stops way short of coming out with his full opinion. Why?

1. he does not want to lose his standing with the current administration;

2. he does not want to panick the markets?

Clearly he knows Economic history and that all fiat currencies ultimately fail, and that the time is now upon us.... USD is at the brink.

So Paul Volcker will go down in history as missing a chance to ring the alarm bell so that more than just those able to read between the lines have been warned!

[rmondave]

QUESTION: WHY IS THE US CHEATING ITS TAXPAYERS, DEBASING THE CURRENCY, INFLATING THE WORLD ECONOMY WITH DOLLARS, ABUSING THE DOLLAR AS THE RESERVE CURRENCY? ANSWER: BECAUSE WE CAN. AND THERE IS NO ACCOUNTABILITY IN THE SHORT TERM. IN THE LONG RUN THE MORE COMPETITIVE PRODUCER WILL WIN. EVER HEAR OF CHINA? YOU WILL SOON.

[rmondave]

EVEN THE DILETTANTE historian can see the parallel between the USA's disdain and lack of confidence in a great man, Ron Paul and the disdain of Winston Churchill. Churchill, like Ron Paul know full well what was going to happen with the Nazis, and Ron Paul knows full well what it will take to fix our corrupt, bloated government.

Vote for him, before its too late. Just as with Churchill 70 years ago, soon it will be only a seemingly eccentric man, with the right ideas, Ron Paul, to lead us.

[ally4free1]

this guy volker is a traitor ...ther is nothing else to say traitor traitor traitor will be beside his name in the history books

[firstgenchevelleman]

@ally4free1 Actually I have heard Ron Paul speak about Volcker and Dr. Paul has said that Volcker is the only one in the FED who is actually trying to address inflation.....Still think we need to end the FED though.

[MsZeitgeist85]

Greenspan said there is no such thing as a bubble economy.

[gamalieli]

We need to drill for oil. We need to exploit our resources. This is so obvious but our own government and radical economic lawsuits block us from saving ourselves from the coming hyperinflation catastrophe. Why isn't Ron Paul saying Drill.

[dumbscape]

@Dshtreeriverfuk wtf

[monkeymuggs]

@Blockygraphics. I think Pauls point has been, we need government, but the need is to be more efficient. I'd put my faith in Dennis Kucinich more than anyone else in Politics. your right, most people have no idea what goes on in Govn't. Paul probably isn't going to live another 10 years, that's why the son is doing everything he can to install whacko Palin lovers to get his side going.

[monkeymuggs]

@Blockygraphics He'll never be president and is whacko as rand seems, looks like he's killing it for the rest of his followers. Not that Ron is bad, just extremely different, which is sort of a nice perspective.

[monkeymuggs]

Paul Volcker not evil, Alan Greenspan is evil.

Even Ron paul knows that.

[BlackThought415]

@monkeymuggs yep. Paul Volcker didn't play the 'inflate the bubble' game, that's why Reagan fired him.

[joannabananification]

Dr. Paul is on target! The Federal Reserve is not doing the job. If anything, it has abused their position and is working against the citizens (legal) of the United States of America. We are being led into losing our national soveriegnty and whether we sacrifice as a sovereign nation or as global community,, I would chose the choice of a sovereign nation. Do not let the powers that be put us under the United Nations rules.

[Blucius13]

Out of all the establishment economists, I like Volcker the most. He was actually highly influenced by the Austrians.

[gregvs3]

The problem with RP is that he is vastly more intelligent and committed then the average government official. Consequently he is treated as some kind of "fish out of water", and more often then not his suggestions are ignored. This is a shame because his statements here are incredibly perceptive and self-evident.

I think it is a reflection of us as a people though.

[Timmay123456789]

I heard he's the type of Republican that the party was originally supposed to be comprised of, before the christian fundamentalists pushed their way in.

[soundmoneyfan]

i wouldn't tell you, i'm sure your really cool but that is creepy.

[soundmoneyfan]

Thank God no, did you see that they are going to lower the rating on the British foreign bonds because their debt? Man they are screwed. I'm from Texas.

[soundmoneyfan]

I don't think that is how the rate should be set, it should be set by the savings rate, but with the fiat money we have, the t-bill rate does affect the money supply.

[soundmoneyfan]

"the problem with this country is the people lack creativity" I agree 100%. If you are saying that Volker rasied the interest rates not to fight off inflation but it was a joint effort on his part and the IMF to put their claws even deeper in developing world.......i can't say you are wrong b/c neither one of us can prove that but i wouldnt be shocked to find that to be the case. But the rate on a t-bill does affect the money supply, even the Austrians agree with that.

[soundmoneyfan]

wow, you really believe that? do you understand the monetary system? i hate our fiat money as you can tell my name, but interest rates do affect the money supply. how do you think that interest rates don't affect the value of the dollar? please indulge me with your knowledge

[soundmoneyfan]

at least Volker had the balls to save the dollar by blowing up interest rates to 20% even tho unemployment went up to 14%. The Fed circus we have now has no balls and no brain.

[dumba55nsf]

had volcker been fed chairman in 2000, none of this would hav happened. he saw this coming a long time ago and has been warning since early 2005 of the economic imbalances and the great flaws in the financial system. it's unfortunate that he doesn't have the power to really do much these days.

[tribeodan17]

anyone see the 'one world system' here. Volkers basically saying,"no one wants this so, we'll avoid the questions about it, while we're creating it."

[biiiigshot]

what a sleepy old fuck. why is noone knocking these clowns the fuck out. good luck with rthe revolution

[funtala]

Huge blessing to have Ron Paul in there for us.

[TBRambo]

Volcker is a rambling fool and a bold faced liar.

[SilencerRPMs]

At least Volcker admitted that he was dodging the question. Volcker is a smart man and he even said that we should watch our fiat systems carefully, but Ron Paul will always be smarter.

[boots920]

Sure wish the US government would put the citizens of the United States #1 on the list instead of #100.

What I see is hyper-inflation coming to the United States, then hyper-inflation going to the rest of the globe. Loosing one's life's savings overnight because the government can't balance a budget is quite surreal to witness. Masses of people starving to death armed automatic weapons isn't going to be pretty to witness. Wish you folks would wake up !!!!

[fatmoleman]

I wish that would have went on for one more minute to get Volker's response to the death of the currency.

[FatLibertarian]

Nice video, I just added it to my site libertarianreport . com

[coldfusion34]

ron paul needs to be prez

[YoDudeRock]

What a good idea!

[robpatozz]

Support Ron Paul's new legislation, HR1207 demanding an audit of the criminal Federal Reserve System!! He introduced it yesterday 02-26-09, and told us this evening at CPAC that he has a substantial amount of support, and co-sponsors on both sides of the aisle.

Ask your congressman or woman if they think "we the people" have a right to know where our money went? If you get a YES, then they should co-sponsor this bill. If it is a NO, then they have to go!!

[rdrioane]

Robpatozz: Are we sure of this?? I will write my disgusting congressman when I recieve confirmation from you. Thank you for the info.

[2012Ronpaul2012]

What a blessing this man is.

[jcwerner]

gold is artificial? How about the #s the fed has been feeding us??? Remember 2 years ago when Ron was asking the questions about a dollar collapse and the FED was saying things are fine..... There is no inflation,,,,,, etc... If you want artificial try FED and US Government accounting...... If you want REAL try gold or some other commodity as a limitation on what Governments can print (stealing from the people through inflation)

[randyinwa]

Tell your family, tell your friends, lets bring this fiat currency to an end.

[calistoatnight]

God bless Ron Paul.

[bencr06]

Way to Go Ronnie P

[jeremy8080]

share this with your email contacts!

[scottthrees]

Fiat money is the biggest scam ever. Here is a dollar go lone out 9. I wish every dollar I got was worth 9. 9-1 ratio and these banks are all BROKE. How the f can that go on....

[bigddog11]

I love it when Volcker says, "the answers are not apparent". Ron Paul just got Volcker to admit that they don't really know what the hell they are doing. I am glad that Volcker actually admitted that they are out of control. Great video!!

Rand Paul 2010

Paul/Napolitano 2012

[jessebickeldotcom]

The great part is that the question being asked can only do good.

Options by asking the questions:

1) He gets interesting information out of Volcker

2) Volcker is revealed to be a total liar

3) Volcker's public position appears to be against global government

Any of these are favorable results. Thank God for Ron Paul.

[stshell]

arghh we are getting somewhere and RP gets cut off. this is so frustrating

[T0dash19]

Agreed. This is par for the course when you only get 2-5 minutes to speak. Frustrating is a major understatement.

Drop your cocks and grab your socks. It's going to get a lot worse than it is.

[medliberty]

Volker was pretty coy. He wont let the cat out of the bag.

[BlueSkies360]

All I heard from Volcker: currency, currency, fiat currency...

So get ready for several billion trillions quadrillions of the same...

[eurohim]

Just when he found  a guy that would talk to him somewhat, he runs out of time.

[columbus63]

that guy took his time, so he would run out of time.

[TodMcInerney]

I must say that was a very good clip ... I tend to agree with empireoflies on his prognosis ... and reading is that Ron Paul fears the same.

[EMPIRE0FLIES]

OMG... here comes a world bank. The dollar is dead.