Congressman Paul Discusses Financial Crisis with David Asman

[thequickster9]

We can't blame the big corporations because they did not violate anything. Their wealth was gained by the free market. Another words, by the population wanting to buy their goods/services. If we blame big corporations, there is a genuine argument that the people who are blaming them are become communist/socialist or it can be a misunderstanding of what is really causing this economic downturn.

[thequickster9]

One more thing @squirmychipmunk9 The government kneels to big corporations such as banks. They will do anything to aid them. That includes printing money and lending them money at low interest rates and/or bailing them out. This series of actions is called Keynesian economics, the idea that government should "steer the economy". Ron Paul believes in Austrian economics, which it states that the market should be set Free.

[wutangmitch]

david asman is a very stupid person

[themaclady]

Wow this was cut off from Asman's website!!!! Dr P is on the right, but the video stops dead before he appears!

[twistedfool420]

Rothschilds, rockafellers, bildenburgs, morgan... We're coming for you.

[squirmychipmunk9]

Wait.  Let me get this straight. It's not the bankers' fault they fucked us, it's a bunch of democrats' faults, and the solution is to reduce regulations on banks? How is REMOVING an entity that is meant to place checks corporations that are defrauding the United States citizens supposed to keep those corporations from defrauding United States citizens? How fucking stupid are Fox News viewers? wtf?

[thequickster9]

@squirmychipmunk9 Basically what it is saying, Corporatism is to blame not free market capitalism. The federal reserve prints money and lends it at very low interest rates to the banks. Then the banks has lot of money because of cheap loans. They invest in housing and lends money to civilians. When interest is universally cheap, people tend to spend without restraints. This creates a bubble and the bubble will burst when banks, governments, and even the people exhaust all their assets.

[666bushisnazi666]

Hey David ASSman, what about Richard Shelby and Mike Oxley (republicans)? They chaired housing and banking when the RepulibTARDS controlled congress NOT Barney Frank and Chris Dudd. Why don't we ever hear their names? damn slanted conservatard fascist media!

[NCAJAX]

@666bushisnazi666 Why haven't you followed thru on your threat little boy. What's my IP address? Scared little ass fucked 666 boy

[HitlerTroll25]

@NCAJAX I was ass fucking 666. It tickled him when my Aryan foreskin was rubbing his hole. Sieg Heil!

[pretorious700]

David "Assman"

[ninodelbayble]

why arent the fellows with the dunce hats in the callaboose,and ron paul in the white house,,,,,,,,,,

[jeaniebob2007]

Federal Government = 13 major international corporations.

13 Major Int. Corp = gov in all 1st world countries.

What if we stop participating in THEIR game and create some grass roots economies of our own? Just an idea.

Mahatma Ghandi had the right idea. Boycott everything made by major corporations and opt for locally made. Cut off the money!! Cut off the popular support!! Let's take enough responsibility to create a co-operative, peace based society on this planet.

[FreelancePatriot76]

Tax Revolt. Stop paying the IRS. Thats what "pays back" the federal reserve.

[jimmyjoe1975]

@jeaniebob2007 You would be tossed in jail. There was a private gold/silver backed monetary system called the Liberty Dollar that was being circulated. The reserve silver and gold was confiscated by the federal govt.

[Crap1is1science1too]

they killed 2pac man, now they want to kill Obama

[pretorious700]

lol, Obama is committing economic suicide, do the math.

[Moneyandthe9steps]

Will be posting info that can relate to average americans and their own personal financial crisises from my book!

[jokerbookshop]

lol @ "its possibly illegal."

[fangsign]

Awesome!

[RMT87]

Ron Paul is my president!.... AND I'M CANADIAN!

[Firebirrd85]

R-evolution!

[timi0000]

Libertarians have no change of holding congressional or senate office. They should infiltrate the republican party and take it over.

[BasilHitsManuel]

You mean take it back over, the neocons already took over the republican party.

[guidobambino]

when david asman comes on, my father and i like to call him the azzman lol

vote ron paul!

[NoBailout4Banksters]

Dr. Ron Paul/Dr. Rand Paul 2012

ONLY Doctors WILL HEAL America"

[redstone117]

Dr. Ron Paul/Judge Napolitano 2012

The Good Doctor and the Good Judge: GREAT for America!

[FullTiltChallenge]

Ron Paul truth once again, damn, wish he were speaking from the oval office.

[greenback001]

President Ron Paul

[kmg501]

I will say it every chance I get to purge my guilt & embarrassment. Had I known what I know now back in 2008 I would have been a huge Ron Paul supporter & not listened to the neo-con lies. History is the ultimate teacher, in the last few years I've allowed myself to learn a lot & I only hope that many others have had their epiphany as well.

It's no longer about party. It's all about constitution and principle and on those Dr Paul has been right for decades. Cross the aisle to the constitution.

[ronheri]

those guys in the dunce hats, need to be in prison.

[fortsmith1]

Ron Paul says it like it is.

[PikaVic]

Gee, I wonder if Mr Ass-Man could interrupt the Doctor just a few more times?!?! How annoying!

Keep up the great work Dr Paul!

[smallmaniac]

The problem with Ron Paul is that he makes sense and uses common logic.

[999manman]

We should ALL have that problem!

[72twist]

Oath Keepers = Nutters = Fail

[EndTheFedRes]

Ron has it right. Despite who we blame for this...transparency of the FED will take care of it.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Henry Ford

[EndTheFedRes]

Bill Clinton deserves much of the blame as well.  He is responsible for repealing The Glass Steagall Act. Watch it on PBS Frontline "The Warning"

Ron Pauls Official Website

Campaignforliberty d o t c o m

[beerhoven]

How did such an intelligent, insightful, and sane individual ever get to Washington? There are more out there like him, and we need to find and send them to represent the rest of us.

[ciberwarrior]

So FOX finally hired the Ass-Man.

[spanishaustralian]

I love this man

[YourIntertainment]

Bernanke deserves the blame for leaving interest rates too high for too long. Raising interest rates tightens the money supply, which is equivalent to reducing the size of the economy; hence the recession. He started raising them in 2005 and did'nt lower them again until October 2007, just two months before the recession officially began.

[spanishaustralian]

just shows the fed cant do it right either rates to high or to low. a man cannot know what the market interest rates really needs to be there should always be competition in money never a monopoly

[YourIntertainment]

Spanishaustralian-Competition in money? I'm not sure what you mean by that. What is needed is complete transparency and accountability. Bernanke had plenty of time to adjust, he was in office 3 years before the markets crashed, yet he is allowed to stay as Fed Chairman.

One other thing the economy was weak when Greenspan had low interest rates, high interest rates then would have crashed the economy and rates are actually lower now. Bernanke needs to go.

[spanishaustralian]

if you had competition in money the central bank would have competition and not control the money singlehandedly and big unison crashes would become obsolete. if the fed tried to tighten credit there would be many other currencies floating around people could turn to in times of scarcity. silver, gold, commodities and local free market money plus anything else. the fed would lose its power if they tried to inflate. there paper money would be rejected and people would move into other moneys.

[YourIntertainment]

Okay, I wasn't sure what you meant. In the United States we only permit the use of one currency. Other countries allow for use of other currencies, many permit the dollar. I'm not a big fan of the Fed either, but I don't really mind not being on the Gold standard, mostly because I think someday someone will figure out how to create gold with a machine.

[spanishaustralian]

monetary reform the most important subject on the planet.

[fupasack2]

yes it is. and i wish people would wake up and take the world back from these greedy bankers. life would be so much more fun and free like it is supposed to be

[spanishaustralian]

just keep educating for ever on the root to all our problems. fiat money and currency debasement. we need desperately sound money for all. get control of money to the people not the government or bankers.

[kingkravan]

@fupasack2  WE WILL WIN THIS WAR! But it will take a long time. So we can not give up keep fighting the good fight for the weak minded.

[matrixman609]

are you sure about that? gold is a naturally occurring substance, so how could a human create that?

[JohnBreadForger]

Humans can turn lead to gold. It's just really expensive.

[11Jamie11]

"I don't really mind not being on the Gold standard, mostly because I think someday someone will figure out how to create gold with a machine."

Psssst... they've _already_ figured out how to create "dollars" with a machine. ;-)

[shiddy67]

I've often wondered why Dr.Paul

has never run for the senate.

He needs to have more power.

[macroorchidism]

is the audio really out of sync for you all too?

[ExhibitMan]

RON PAUL IS MY PRESIDENT!

[wunderbeast]

so who else on the fox network besides judge napolitano and david are worth watching? not a huge fan of morning joe (different network) but he seems to get what ron paul is saying also.

[Thinking4You]

See, I like conservatives when they're talking finance and they're not being paid off. This was one of those shining moments that validates the existence of the republican party and fox news.

RON PAUL 2012

[ChristiansMustLearn]

this guys diatribe against the politicians is full of shit. the politicians do what the lobbyists tell them..they were pimped by the greedy bitches on wall street. They mutually benefited from this debacle and now they're pointing fingers at each other. Whats needed is clear thnking from Washington outsiders LIKE RON PAUL!

Fix em up Ron

[fonkymaster]

@ChristiansMustLearn

What I say. I believe blame falls on the govt...but the banks make the govt like that. Also, they blame obama for everything, but guess who left it there....could not have been bush! He was a strong leader...

Ron Paul 2012!!!

[ChristiansMustLearn]

Exactly.More people are seeing through the cloud of left and right bullshit. There's one party..the corporatist lobby party and then there is US the people. F*** the fed and F*** the private creation of money.

RP 2012

[fonkymaster]

@ChristiansMustLearn

We have the Reich wing and the Theft wing it seems.

[enduro0276]

END THE FED!!! Ron Paul 2012!!!

[smokeybonger]

Ron Paul, I love this guy talkin like three hundred billion dollars of fraud is not even enough to focus on because its so small compared to what the federal reserve has done, nice. Audit the fed!

[MrPertinacious]

Theres a strictly constitutional group mostly comprised of military former and present, police and firemen etc called Oath Keepers which defends the constituion and civilians rights you may wish to check out.

[focus21x]

Ron Paul should visit Boston this weekend...

[thedemoboy]

We can only hope and pray. *crosses fingers*

[1090gks]

comment was @ chevydriver123

[mrdoonbeg]

Just talk over me why don't ya!

[chevydriver1123]

Ron Paul shows why he is the one of the few that needs to be president. BTW the host kinda looks like Colbert.

[1090gks]

unfortunately Ron Paul is getting old,if he where elected next term by the time he would finish his term hed be be about 80 :(

[Panpiper]

That's why Rand Paul is running. ;-)

[michaelpshipley1]

president paul would refuse to execute laws that are unconstitutional so he would be left with nothing to do anyway. ;-)

[chevydriver1123]

Yes Dr Paul's age does come into question when talking about 2012 thats why if Dr Paul decides not to run I urge all Libertarians to get behind Gary Johnson. I dont think the LP should run a candidate in 2012.

[NoBailout4Banksters]

For those of you that think Ron Paul is too old watch the video below. Also, I'm way younger than Dr. Paul and I can not bicycle 10 miles every day like he does.

Did you also notice, even though he has a very stressful life, that he is very seldom sick if at all?

watch?v=fY79KbCptTo

[michaelpshipley1]

the root cause is the federal government.

without the feds none of this would of happened. bank used to be limited by the free market in how much damage they could do. if they took too much risk they would go bankrupt. no bailouts. but the feds allowed bankers to cheat. they allowed them to create a government sanctioned cartel called the federal reserve system.

we must not only end the fed, we MUST end the federal government as well! or this will happen again.

[residentzombie]

We must end the federal government's involvement in the United Nations and in the economy and replace it with a government that adheres to the binds of the US Constitution. Obviously the hand picked Supreme Court Justices must all go as well since they allow the government to get away with un-Constitutional authority. Libertarians will help to accomplish this. Ron Paul 2012!

[CurtHowland]

Sadly, people are so well trained to think they "need" to have "someone in control", that just the idea of abolishing any government bureaucracy, much less all of them, sends most people into a apoplexy of rationalizations why that can't happen.

Maybe you'll find one, like the Dept of Education. But the FDA? Can't have that, without the FDA food producers would deliberately kill their customers!

1: Kill your customers.

2: ??

3: Profit!

Abolish government. It couldn't be worse!

[krakkajackson]

Great comment. I saw Richard Dreyfuss (of all people) talking about the need for civics education on Bill Maher and he said "the more we teach our children about government the more they will learn about how little they need it." Which is why they don't teach it. He also said that we are so used to having kings and supreme rulers throughout our history that it is outrgut reaction to curl up and say "tell us what to do" whenever something bad happens as opposed to taking care of things ourselves

[Krampfarsch]

i like the shirt

[alex3914]

Make all the right decisions and you can be a very rich man in the next 5 years.

[okvideos5]

@alex3914 what are the right decisions? What are you doing with your money?

[MooseOfReason]

Asman had a good monologue.

[justse2006]

If I was Ron I would tell that asshole to shut the fuck up for a minute and let me finish! Stop interupting ass munch

[MrRiceowlex]

I rescind my previous comment. Sorry old habits die hard !! I apologize to the interviewer.

[MooseOfReason]

There is a "Remove" button if you actually wanted to rescind it, rather than symbolically.

[MrRiceowlex]

Assman well said, more like assh#le !

[WilliamSchlott]

Real news from fox!

[PersianPaladin]

The presenter is an idiot.

It is the fault of BOTH the private sector fraudsters and the Federal Reserve cartel.

[capitalist4life]

David Asman got a bit long-winded. He spent the first 2 minutes talking.

[JETZcorp]

Always a pleasure to see Mr. Paul. In his honor, I'm doing my cause-and-effect-essay assignment project in English about The Fed and the crisis.

[jcNOVA88]

Ron Paul for FREEDOM! End the FED! Obama is George Bush 3! Get with the r3VOLution! Youtube Ron Paul!

[sniper6081]

There's actually an audio delay on this? I though Youtube fixed this problem.

[jcvjcvjcvjcv]

@sniper6081

Ok, and what does it matter with this video? There is nothing to see. All the info is in the audio.

[sniper6081]

I didn't think my comment would actually warrant a response. I was simply venting my frustration with Youtube about this problem they said they would fix a million times already.

[minnesotachris]

From what I understand an audio delay still occurs when videos are encoded a certain way.

[eragon2121]

Audio delay

[jrod2211]

Well its nice to know Asman has no idea whats going on...

[jrod2211]

@jrod2211 I take it back, he got the part on the congressmen allowing it, but to say the Banks were just "over extended" is a sad joke.

[residentzombie]

Who allowed the banks to become over extended was the Federal Reserve.