Bernanke: "Inflation is a tax"

[Browncatpaw]

Tax to who? who is it that everyone is paying this tax to? the sheriff of nottingham?? House prices have doubled in 15 years, but wages stay the same....so who is it that needs this tax in there pocket so bad that everyone of our quality of life goes down.. Who's collecting this tax? and what are they using it towards... excuse my ignorance but this sounds like the old feudal system

[FreddyTheJumpingCat]

No shit...we all know inflation is a tax.Why did I bother even watching this?

[loismlsx]

@FreddyTheJumpingCat BECAUSE MANY OTHERS DONT KNOW U STUPID FUCKING IDIOT!

[crdivona]

The Federal Reserve has become so powerful that they don't even have to lie anymore. They just ADMIT that they tax us because they know the sheeple won't do anything about it - unless of course you support Ron Paul and his quest to END THE FED! Either that, or he thinks the sheeple are too fuckin' stupid to complain about the inflation tax.

[louiethegreater]

OK inflation is a tax, now what? Ron Paul and Bernanke both globalist will do nothing. If they were anything but globalist they would do what the founders did, they would allow foreign businesses to pay government, by use of tariffs. Protectionism was the economics established by the founders. It is easy to understand why they don't--- it's simple-- Washington is owned by multinational corporations, that includes Dr. Paul.

[FreeinTX]

@louiethegreater

How does RON PAUL go about "allowing foreign businesses to pay government?" And what exactly do you believe foreign governments need to pay our government for? Our government is not supposed to be in the business of business. You are an IDIOT DOUCHE to miss RON PAUL's PERFECT VOTING RECORD since 1976!

Washiington is owned by the very people that RON PAUL has called for to be put in PRISON! He has called for the ARREST of Bernanke, Paulson, Geithner, Sommers, Greenspan.

[louiethegreater]

@FreeinTX Hey; don't sound to me like he was calling for Bernanke to jailed, sounds to me like he was sucking up to him. He even ask Bernanke if he was off base for asking the question. That sounds more like a lop-dog statement to me. Not quite like telling him he should be arrested and put in jail. Paul is a global free trader, if he were elected as president tomorrow nothing would change. Dr. Paul has had since 1976 to make a difference, if he has not done it by now, he won't.

[louiethegreater]

@FreeinTX You are to ignorant to understand that the founders established the economy of protectionism. They place tariffs on foreign made good to protect domestic industries, and labor. Tariffs pay government you dim witted mouthy slut. If a 50% tariff were placed on thirdworld produced goods our trade deficit, and national debt form spending would be paid in 5 years. The founders intended foreign businesses to pay for using our economy as a retail market, but you are much to ignorant to know

[Jebusrulez]

@louiethegreater

No, just no. The Smoot-Hawlay Tariff is one of the biggest reasons the depression was a lot worse than it needed to be.

[louiethegreater]

@Jebusrulez No, no, no if Smoot-Hawley would have been left in place, the depression would have ended years earlier.Where ever you learned that, you have been sold the bridge.

[Jebusrulez]

@louiethegreater

You're wrong. It's that simple, unless you believe that somehow the US is capable of a self-staining economy without the ability to import or export goods.

[louiethegreater]

@Jebusrulez Actually I do believe we are more capable of being self sustaining, than literally importing everything we consume. Someting you don't know the U.S. became a great nation, and produced the greatest middleclass in history behind the walls of protectionism. Futhermore every other modern economy became prosperous behing protectionism. That includes, Japan, S. Korea, Taiwan, they are all mixed economies, with a large dose of central planning.

[Jebusrulez]

@louiethegreater

Japan's central planning has led them to 2 decades of no growth, which is the way America is headed. All protectionism does is protect big business from competition, hurting the consumer who has to pay higher prices for goods and services. As Frédéric Bastiat said "When goods cannot cross borders, armies will", there is a reason why England and France no longer try to kill each other, because of trade.

[louiethegreater]

@Jebusrulez So you are afraid of being invaded by whom. How do you figure big business benefits for protectionism all U.S. Fortune 500 Companys are in the third world. The last of them left when Clinton, at the GATT Tready in 1994 assured them that they could move to the third world, and export by the the U.S. free of charge. They are making more profit from the exploitation of China's peasant class than they ever would by protectionsim. They were give incinitives to leave, and leave they did.

[Jebusrulez]

@louiethegreater

I still don't see how you think that closing the borders to foreign goods will somehow benefit the country because I like my Nintendo Wii. Companies leaving this country is a failure of US government, high corporate taxes, regulations up the ass. If you think that protectionism will somehow lead the United States to wealth and prosperity you're wrong, China closed themselves off in the 1800s, it has taken them until today to recover.

[louiethegreater]

@Jebusrulez Taxing foreign businesses who choose to sell their products in our economy is not closing our borders to foreign goods. You should know , that if the U.S. did not have one tax, or regulation on businesses--- ameicans still could not compete with .58/hr. thirdworld labor. We could if we lived like the thirdworld,---- is that what you want? That mentality is what you are defending. Multinationals Corporations are designed to maxamize profits, they care little how you live.

[louiethegreater]

@Jebu Japans central planning, tariffs, and subsidies led to Toyota becoming No.1. It led to Japan, having no coal and no iron ore, becoming a larger steel producer than the U.S. Selling in our economy just long enough to destroy domestic industries is not foreign aid. It is hostile distructon of American Businesses and the contrubutor to the race to the bottom. Please spare me the Bastiat quotes, armies are crossing the borders of Afganistan and Iraq to make the world safe for multinationsals.

[Jebusrulez]

@louiethegreater

Toyota became No. 1 because it made better cars than the Big 3, had much better management, and wasn't a slave to the UAW. Central planning had nothing to do with Toyota's success, they earned that success like any business, by being better than their competition. Apparently, Toyota having manufacturing plants in the United States is somehow bad because it's foreigners. We could have kept Toyota out of the US, but then Detroit would have never made their cars better.

[louiethegreater]

@Jebus Toyota is No 1 because the Japanese subsidized their Auto Industry and placed 50% tariffs on American made cars, while we gave them free access to our markets. That is the same reason they produce more steel, electronics, and machine tools than we do. They dumped products on the U.S. markets under manufacturing costs untill the domestic manufacturer could no longer compete, than they claimed the market. Reagan caught them selling big bikes under cost ,and tariffed them, saving Harley D.

[FreeinTX]

@louiethegreater

Why are you insulting me? I completely agree with you! I think we have just misunderstood each other. I don't believe that foreign governments should be paying us, but I absolutely believe that foreign COMPANIES should be paying us for access to our markets. Which is different.

1. End the income tax.

2. End the corporate tax

3. End the FED

4. 1% investment transaction tax with an exemption for repatriated money invested in capital for infrastructure and manufacturing.

[louiethegreater]

@FreeinTX Hey, maybe you calling me an IDIOT DOUCHE is not considered a insult in Texas, but it is here in Ohio. I agree foreign governments owe us nothing, but when foreign governments subsidize their industries our answer to that should be a tariff. By ending all the other sources of revenue to the government you mentioned. We would have to depend on tariffs to support government, is that correct?

[FreeinTX]

@louiethegreater

1. "Idiot Douche" came from insinuating that RON PAUL was a globalist and likening him to Bernanke for whose arrest RON PAUL has called, and even then was coupled to an "if" clause.

2. We should place tariffs on ANY imports that come from countries that utilize unfair trade practises not just those subsidized by government.

[louiethegreater]

@FreeinTX How about those who pay .58/hr. labor. Have no labor or enviromental standards. We should place tariffs on countries who use our markets PERIOD. If we should end all regulation, all corporate taxes, americans still cannot compete with .58/hr thirdworld labor. I have never heard Dr. Paul say we should tariff foriegn businesses who want to produce our consumer goods using .58/hr. labor. If he has, will you refure me to the speech. I watched all the debates last cycle, never heard that.

[FreeinTX]

@louiethegreater

You are right, here. As I understand it, RON PAUL believes with the elimination of the income and corporate taxes completely, the American worker would be able to compete with foreign workers successfully as we have shown in the past.

Here's Peter Schiff a former adviser for RON PAUL's 2008 campaign with some Austrian Economic philosophy in line with RON PAUL's.

Peter Schiff on China and Tariffs - May 5, 2011

watch?v=6IyQh1D_t2Y

[louiethegreater]

@FreeinTX You misread my post, I said american CANNOT compete with the thirdworld. Actually we have never had to. Our economy began with Hamilton, as a protected economy, and Hamiltons Tariff Laws produced the greatest economy in history. I will take all those worthless pieces of paper that Schiff refures to, that he has laying around. He is as anti american as anyone I have seen in the public forum. He advises his investers to invest in Asia instead of his own country, he is a gloalist.

[FreeinTX]

@louiethegreater

Hamilton? Our greatest growth period was NOT 1789 - anything, nor was it our greatest economy. Search "gilded age."

From wiki (to be brief) - the Gilded Age refers to the era of rapid economic and population growth in the United States during the post-Civil War and post-Reconstruction eras of the late 19th century. The U.S. economy grew at the fastest rate in its history, with real wages, wealth, GDP, and capital formation all increasing rapidly.

[louiethegreater]

@FreeinTX I agree the Guilded Age was Ameicans rapid growth era. If one considers that it was also one of the most heavily unionized eras in Ameican History, that fact would blow holes in the fable that Industry cannot prosper in a heavily unionized enviroment.They need reminded that the Robber Barons, and most of the Fortune 500 Companys were produced, and become massively rich in that era. Hamilton presented the enviroment for that to occure by starting the nation out under protectionism.

[FreeinTX]

@louiethegreater

And RON PAUL and I differ here. He believes that if you remove the burdensome taxation and the stupid regulations that do NOTHING to protect market fundementals, that the American worker CAN compete with slave wages n China without tariffs, which are political and do not get used as they should. Slaves make sh-tty products and it costs a lot of money to ship crap here. Americans could compete (he believes) if the "tariffs" on US goods were removed from our own products.

[louiethegreater]

@FreeinTX Yes, you are right, Dr Paul is a dedicated free trader, and neo liberal. If one applies common sense to that problem it is apparant that americans would continue to earn less.They believe the evolution of these heavily populated countries would expierience the same wage inflaton that the U.S. did. That can never happen, one reason is that unions in these countries are either state controlled or just plain illegal, or there are 4 billion of them so, wage inflation would be impossible.

[crdivona]

@FreeinTX You're failing to recognize that if we end the fed, restore sound money, and open the free-markets (all things Ron Paul seeks to accomplish), American workers wouldn't have to compete with the "slave wages" in China. We'd be making our own shit here. Businesses of all sorts would spring into existence and thrive, unemployment would plummet, and the money Americans would be paid would hold its value.

[FreeinTX]

@crdivona

Where we buy our goods doesn't have anything to do with the medium of exchange we use to buy it. While I agree that ending the FED would help everything, people are still going to buy cheap regardless of where they buy it using debt notes or gold. Lowering regulations and restrictions on US businesses makes US products cheaper and therefor more appealing.

[crdivona]

@FreeinTX Even if you pay a worker $5.00 a day (or $25.00 per week), that would be a great amount (if you use the value of the dollar in 1913). Today's dollar is worth only 2 cents compared to the 1913 dollar (before the Fed and inflation ruined it). $25.00 per week in 1913 dollars is roughly equivalent to $1200 per week in today's dollars (if you consider that the dollar has lost 98% of its value since 1913, when the Federal Reserve began).

[FreeinTX]

@crdivona

$5 in 1913 was the face value of a 1/4 ounce of gold. They got 1-1/4 ounce gold a week at the Ford plant. So they would be doing a little better than $1200. More like $2300 a week.

If today's automakers had the same restrictions and regulations on their cars as they did in 1913, Ford could afford to pay their worker $2300 a week. On the flip side, if there was the EPA in 1913, Ford would have gone broke trying to build the plant!

[FreeinTX]

@crdivona

$5 in 1913 was the face value of a 1/4 ounce of gold. They got 1-1/4 ounce gold a week at the Ford plant. So they would be doing a little better than $1200. More like $2300 a week.

If today's automakers had the same restrictions and regulations on their cars as they did in 1913, Ford could afford to pay their worker $2300 a week. On the flip side, if there was the EPA in 1913, Ford would have gone broke trying to build the plant!

[FreeinTX]

@louiethegreater

I, however, seem to think a bit of a balance is needed. While we can't enforce US law in foreign countries, we can fine importers who bring in products made with labor that would violate US law if those practises were done here. Those fines, of course, being called "tariffs."

But even I understand that these tariffs will become political and not be all that effective, eventually. The challenge would be keeping it from becoming too political.

[louiethegreater]

@FreeinTX Ok balance! Give advance notice that in 1 year the U.S. will tariff all third world manufactured products.

[FreeinTX]

@louiethegreater

I wouldn't say, "all 3rd world countries," although it is notable that it's "3rd world countries" that does describe a lot of the countries that would experience the brunt of the tariffs. So, okay, let's elect RON PAUL, since he is the ONLY one that would even consider this, and I push him and his people for the needed tariffs.

RON PAUL 2012!

[louiethegreater]

@FreeinTX So you are OK with insulting me, but you cannot understand why I would recipicate the insult. Don't know what you mean by "punative tariff structure". Does that mean you would NOT tax China, whose investment class offered their peasant class, to multinationals for cheap labor. I don't think we agree on tariffs, I believe americans cannot compete with .58/hr. thirdworld labor, regardless of regulation or taxes. Tariffs are to protect ameican workers and domestic industries.

[FreeinTX]

@louiethegreater

I would not tax "China" for goods that came out of China, I would tax the living sh-t out of goods that came out of China, but send the bill to the manufacturer of the goods. Yes, I know that means "China" in this case but other countries don't have that same structure.

I believe you tax what you want less of, and less slavery would be good, but don't tax the government that allows the slavery, tax the manufacturer/importer that utilizes that slavery and competes with us.

[louiethegreater]

@FreeinTX You don't understand what happened in China, The well connected investment class in China offered her peasant class to Transnational Corporations as cheap labor. The Chinese business people only needed capital and someone willing to buy their manufactured goods. Multinationals raced there and people like Schiff invested peoples money there, because the profits were being made off the backs of peasant labor, and the Chinese governments willingness to allow the enviroment to be destroyed

[FreeinTX]

@louiethegreater

I don't remember Schiff telling people to invest in China, and I hope he understands that investment in Chinese government owned corporations is not only a guilt thing, but also a dangerous investment, as the government can do anything they want in China whenever it suits the few who run China to do so.

But I absolutely understand what is happening in China, and very much understand that China is the MODEL for the UN and the one world governance system.

[louiethegreater]

@FreeinTX Schiff does encourage Asian investment. When you hear tax cuts produce jobs, they do; " in Asia "

[FreeinTX]

@louiethegreater

3. We should tax what we want less of and subsidize (through tax exemption to sectors) what we want more of. The investment tax will curb speculative purchasing, high frequency trading, and flight into and out of the dollar. It would also generate $4 TRILLION to be split 50-25-25 fed-state-state, so that and a punative tariff structure, we wouldn't need to tax much else. However, there are all those things the government has permission to regulate, we can tax that if needbe.

[FreeinTX]

@louiethegreater

Our founding fathers preached "Open trade with ALL nations, entangling alliances with NO nations" and RON PAUL supports that.

[louiethegreater]

@FreeinTX Open trade yes, Free Trade NO, otherwise they would not have passed tariffs laws as early as 1789. Check it out, the Hamilton Tariff Act of 1789, and many more after that.

[delyparker777]

Screw the Federal Reserve and Screw Wall Street. We need to do what Iceland did. Default and tell them to go stick it where the sun doesn't shine. END THE FED! Ron Paul 2012 or bust.

[rrdrums1952]

Hey you fat fuckup beer guzzling out of shape cheeto stuffers. Thabks a lot for not even knowing that you are now living in a third world country dictatorship you fucking asswipes..

[nsolcis]

Ron Paul 2012, start google bombing, and facebook sharing! lets get the meme going

[alriha77]

Finally they admit it ONLY after enough people have worked it out and the truth cannot be hidden any longer: INFLATION IS A TAX, NOT BY COINCIDENCE, BUT ORCHESTRATED. A tax of the people to the richest few hundred.

For many decades they have taught in economy classes worldwide, that a healthy economy must always have a slight inflation. What a lie. I remember they taught us that when I was a young apprentice at a Swiss bank. I did not believe it back then. I left banking soon after.

[rulerwithcounsel]

Too easy for Bernanke: he never has to respond in any meaningful way, because Paul wont nail him.

[VICSWEB1]

come fellow idiots what diff does it make we're all Fuked... enjoy

[rrdrums1952]

@VICSWEB1 I happen to think that you are correct. We are all screwed. It looks like less than too little far too late..

[rrdrums1952]

1975 . I got a job in Los angeles. Unskilled. That job paid 5.25 to start. That was enough to pay my rent in one weeks work.. I lived alone.. Try to rent an apartment on what they pay unskilled now.. The dollar is worth almost squat now..

[RightofRush2]

@rrdrums1952 :

I started my college education in 1954. I paid for my tuition & fees while working part time for $1.00/hr.

[Hageeisanass]

Americans need to do what the Icelanders did - tell the jewish wall street bankers to stick it.

Iceland survived just fine, didn't it? In fact, they recovered quite quickly, as opposed to say Ireland and now Greece.

We need to tell the Jewish Wall Street bankers, like Ben Shalom Bernanke, to stick their bad decisions up their posteriors.

[Willredd94]

@Hageeisanass While I understand your point, that type of anti-Semitic language would get a politician in so much trouble he would have to resign in the United States.

[lem1951]

It's taxation without representation... pure and simple. Therefore, the 14 trillion $ debt forced on American people is not their debt!

This debt must charged to the elites who run the so-called Federal Reserve (FED) or the international banker based in London and Amsterdam. Let these crooks pay off the Chinese and whoever else and not you or your kids...

[Search4diabetescure]

REMEMBER THIS: Jews are in control. Jews are responsible. Jews are the root cause of the problems. Jews are the "moving party". Jews are the culprits. Remember, it is the Jews who have destroyed this country economically, politically, socially, morally, and physically.

The United States in 2011 is IDENTICAL to GERMANY between WW I and WW II when Jews destroyed the German nation in the exact same ways.

Sole the Jewish problem and the nation's problems will be solved. There is no leadership!

[Hageeisanass]

@Search4diabetescure - Hits the nail on the head - we've let jews define the terms, control the debate, tell us we can't criticize anything any jew does or we're a filthy anti-semites.

Once the white race wakes up to what the jews have done, it's over for them, and they know it.

Notice how a jew never apologizes for anything they do? Never.

And then they wonder why others hate them so much.

[rclark23]

Americans in recent years have become too comfortable and satisfied in their ignorance to recognize that sentiment as one of the most cherished and truly American concepts we have. Most Americans may even be shocked to discover that Thomas Jefferson said such a thing and consider such a notion to be 'treasonous.'

"A GOOBERMint Big Enough to give you everything you want, is strong enough to take everything you have." ... Thomas Jefferson

"Guard with Jealous Attention the Public Liberty. P. Henry

[karlhelvede]

nice cutoff... right before the explanation..

[Castaril]

Ron Paul should be president, but the evil people in power hate him because he tells the truth.

[xylemphoenix]

This video is the best arguement against the Fed. A privately owned organization taxes the American people with no representation from the American people!

[firestrings272]

We are about to experience serious inflation due to that 800 billion bailout. I did the calculation yesterday, 5 bucks in 1950 is about 40 bucks today. And what can you buy with five bucks today? A meal at McDonald's, and that means what they offer in that range of food is quite literally junk. No question that the Federal Reserve System must be abolished.

[easye2233]

The inflation tax harms poor people, not rich people. For rich people see the value of their assets rise with inflation, but the poor, who have more liquid assets such as money , and which rely on money wages (which fail to increase as quickly as taxation) lose out.

[flaunttnualf]

Amazing Bernanke was so frank about it... I can't understand why it doesn't piss off more people that that dollar they manage to squirrel away today will be worth a few pennies by the time they hope to retire. That's a best case scenario with what the Fed considers "moderate" inflation at about 3% a year.

Individuals are forced to take huge risks with their hard-earned money so they can hope to keep up with inflation and preserve their standard of living at retirement. It's a travesty.

[EVariation]

Inflation rate is very low, it is actually overstated because consumers substitute more expenses goods with the less. The standard of living has increased throughout the decades. Ron Paul is smoking too much Austrian economics.

[slickbtk]

so are sadly mistaken sir, the standard of living has gone down considerably over the last hundred years in terms of working for money and what it gets you, its easy for reality to be masked by technological advances, just because their are better cars nad electricity and iphones doesnt mean that in terms of economics your standard of living went up, when inflation year over year is more than wage increase its is by def.a lower standard on living in terms of money.I wish people would understand

[silikon2]

That doesn't make any sense. What is a standard of living if not the goods and services you have and consume. Most people eat out and have work a lot less than they did a 100 years ago to get by. Entertainment abounds. Health on the whole is far superior to anything like what it was 100 years ago. Indeed, our problems now are that people are too fat which is surely a sign of opulent society.

[slickbtk]

Your way off, please consider it this way.. Andrew carnagie and Rockefeller were amoung the richest men of their days. And a struggling family today may be amoung the poorest of today, now it seems what your saying is that the poor family of today is better off in terms of economics than carnagie and rochefeller because of all the tecnological advances, that is not a fair comparison because what im talking about is economic standards of living not technological advances.

[bweazel]

You're speaking way off topic. You have the standard of living confused with the things we have available to purchase today compared to 100 years ago. In that sense, yes the "standard of living" has increased. What you fail to discuss is what the standard of living truly means and that is: Can people afford these new items? No. They cannot. Wages have not kept pace with the standard basket of goods. You can barely leave Wal-mart or any store these days without spending 150 dollars. Get it?

[LLCoolPass]

as a recent college graduate [2008] , I now know this in more than as a intellectual concept

[rwalk2730]

@slickbtk Well, point well taken. The only thing I'd say is those gadgets that you mention are a *measurement* of improved standard of living--the gadgets themselves do not improve the standard of living, but the fact people aren't strapped to buying essentials indicates they had a choice. They're purchases by choice and not necessity. So, the more of these gadgets purchased, the more personal time people have.

[Hockenmaier]

@slickbtk Having a "lower standard of living in terms of money" doesn't make sense. If eggs are twice as expensive than they were ten years ago but you make 4 times more per hour than you did then, eggs just became half as expensive. Most measures of the standard of living in the US using goods that remain relatively constant in quality (like eggs) indicate that our standard has rising about 30 fold since 100 years ago or so.

[slickbtk]

@Hockenmaier think of it this way, lets say that eggs today as a percentage of an average persons income is 1X% and lets say that 100 years ago it was 2X% of an average persons income, you may think that since today it cost half as much to buy and egg relative to income that there is no inflation tax, but what you are missing is the fact that eggs 100 times cheaper to produce today due to mass production, machinery etc, so without the inflation tax eggs would cost say 1/100thX% of average income

[Clyaton]

@slickbtk Well put

[slickbtk]

@Hockenmaier the reason why you are not seeing this is because it is masked by advances in tech and so on. by this logic a poor person today is richer than carnagie because the poor person today can buy a cd player and a tv. you confuse relative standards of living with tech advancments, and as far as the inflation tax goes tech advancements have nothing to do with it

[KripDrip]

people today have cars, computers, cell phones, video games and all this new technology to make their life easier that wasnt there before. So how is the living standard going down? What was so much better back then?

[slickbtk]

@KripDrip lol, im talking about economic standard of living, not tech advancements. It use to take one middle class person in a big family to make enough money to support a family, now thats not the case. This is because of all the taxes and specifically the inflation tax. You cant judge economic standards of living by tech advancements but rather the relative ability to command a certain percentage of existing goods and services.

[slickbtk]

@KripDrip what your saying is what makes it easy for them to steal from us. People look at tech advancements and that masks the stealing.Its like if you are a farmer and are only able to produce enough food for your family and you have to give 0% to the gov/bankers, but then you get more efficient and produce double what your family can eat, so now they take 25% of your food,but because the farmer still has more food than before the improved efficientcy the increase in theft seems not a big deal

[slickbtk]

@KripDrip they depend on tech advancments to mask the theft. without it they would not be able to do what they do. so although the standard of living through tech advancments is going up the standard of living in the economic sense (how much of your production you keep and/or can use to trade) is going down.

[UNTC321]

@KripDrip True phone charges have gone down, but I remember cars 30 years ago and 75 cent gasoline. It was much better back then because the police wrote less tickets, and there was less gov. regulations. And the government didn't put bombs in buildings OK City and The Twin Towers and blame it on Arabs to start six wars and start inflation.

[andrewbnkjv]

if you vote, you can write Ron Paul in a Requested WRITTEN BALLOT at the time of voting.

Seriously, why not?

[mmafan35]

Because Obama wins.

[golcynski]

There is something behind the throne, Greater than the king himself. - Sir William Pitt, House of Lords 1770

How do you explain Building 7 Collapse. It was never hit and it was behind other buildings during WTC collapse.

z e i t g e i s t m o v i e . c o m

Be a good american don't think, eat what we feed you.

[watchamacallitjack]

well there you have it.. the PRIVATELY owned megacorporation (in terms of its power) "aptly" named the "federal reserve" admits that they are taxing you for their profit.

when are YOU going to get out of denial?

[sonsofliberty53]

sporty, you just come around spouting nonsense without doing any research and then expect people to do your homework for you.

Why don't you just leave?

[stevemcgee99]

FINALLY!

[MMadmike]

"Truth is treason in the empire of lies" Dr Ron Paul. Globalism sucks!!!

[Deathrape2001]

@MMadmike HAHAHA so true! =) 'Cuz damn well sure everything about America is lie upon lie, B.S. from top 2 bottom, especially the so-called 'women'. Fuk they go out of their way 2 look as absolute $hit as possible, H8 kids, H8 men, etc = useless nation (4 N E thing other than the destruction of beauty).

[mjg19999]

FISA is against the Constituion, and I cannot believe they passed this God forsaking law. I just need to leave this country, they make me sick. Our federal government are committing treason

[SaveUsRonPaul]

RON PAUL ONLY HOPE!!! ronpaul2008 . com

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BUSH, McCAIN ONLY WAR IN BRAIN!!!! ronpaul2008 . com

LET'S STOP RECESSION ONLY HOPE IS RON PAUL!!!! DONATE DONATE DONATE !!!!! ronpaul2008 . com

START IT TODAY Buy "The Revolution: A Manifesto" by Ron Paul

[sadiesasha83]

Sadly, look at the number of views on this! It is easier for people to believe that this could not be happening because then they don't have to deal with it! Somehow they think it will just go away! Unfortunately they don't realize one day they will be a part of it...in a way they wish they weren't

[sportsstar69]

Inflation is not a tax..prices go up and will always continue to do so..calling it a tax is a fraudulent claim

[gamehuis]

Prices go up because the value of the money is going down and the value of the money is going down because the central banks inflate the moeny supply (i.e. more dollars/euro's/yen chasing the same amount of goods). Inflation allows the central banks to "drain" the value of people's money away ==> a tax.

[sportsstar69]

that is an incorrect statement

[billy2bob]

You would disagree with the Federal Reserve Chairman then? Keep on trolling, SPORTSSTAR69...

Don't you have some shopping to do?

[sportsstar69]

yes I would disagree and my education in economics is equal or greater than bernanke and much higher than paul's

[billy2bob]

Great. A self-proclaimed Fed chairman wannabe.

Have fun pontificating.

[sportsstar69]

it's easy for Dr Nut to second guess the fed because that's what Monday morning quarterbacks do..and hey if he's wrong, he has no responsibility..if he thinks he has all the answers have him ask McCain for an economic position somewhere in his administration..Put up or shut up

[billy2bob]

Speaking of put up: What's your solution to this problem? Let the econo-god speak!

And don't be so predictable as to say "there is no problem".

[sportsstar69]

If the problem you're speaking up is inflation that really is not a big problem at current levels..However, inflation has little effect on smart consumers

[mjg19999]

U know I try not to get involved in arguements, but.....

Your a fucking moron. Inflation, mmm, 2005 reported that even CEOs increase of pay over 840 percent. Inflation is created we suffer, so mr economics, THE FEDERAL RESERVE IS AGAINST THE CONSTITUTION. So eat shit

[sadiesasha83]

WRONG! Read G. Edward Griffin's books. He is brilliant.

[sportsstar69]

never heard of that clown

[sadiesasha83]

Obviously! That is why you lack understanding of this entire discussion!

[madashelldude]

Ron Paul is right on the money so to speak. Check out Catherine Austin Fitts talking 4 years ago on Financial Sense Newshour about the massive fraud in the mortgage markets: everything she said is coming to fruition. the money is going to support the elites and the military industrial complex through the illegal black budget and this illegal taxation called inflation.

[xerigen]

On video.  Thank you for those words, Ben.

[bilpayne]

How come they no longer report the M-3 if they do tell me where to find it

[gamehuis]

They don't report it anymore because it would show that the Fed is massively inflating the money supply.

[sonnybrown]

owned

[tito45]

Abolish the Federal Reserve !!!!!!!!