Opening Statement in Financial Services Hearing

[iannetta11]

END THE FED !!!

[dlucas90]

Central banks + fiat currency = unelected central planners.

[Constitution2012]

Ron Paul is common sense.

The Fed is Diabolical.

When the fed is gone, the whole of America will feel a weight lifted off its shoulders.

Till then it will only feel heavier and heavier, year after year.

Its called Percentage of tax vs purchasing power of our watered down dollar.

Ron Paul 2012. Stand up for yourself.

[WKaliberr]

@RadicalLibertarian Already did, look at my other responses in this video

[WKaliberr]

Ron Paul is a nutter

[willyjones7]

could you explain why hes a nutter?

or are you just talking out of your ass?

[Mechanized0]

@willyjones7 I often hear the charge that Ton Paul is "a nutter" yet rarely iare the reasons ever explained as to why. It appears that some unthinking individuals are merely repeating haphazardly television-based personal attacks.

[WKaliberr]

@willyjones7 he wants to dismantle an institution that has kept the USA as a world superpower with an extremely high GDP and a very low inflation. That

[willyjones7]

@WKaliberr

"low inflation"?

our dollar has lost 96% of its value since

the federal reserve was created in 1913!

its only worth about 0.04 cents!

[WKaliberr]

@willyjones7 USA has a current inflation of 3% which is by far the lowest in the world. Inflation is important because it helps to keep prices steadily growing, thus stimulating the economy. The government could easily stop all inflation by shredding billions of dollars but they dont, because it would be suicide. Deflation means lowering of prices. Deflation means bad economic situation. Its basic economics but I wouldn't expect you to understand.

[foolcow1976]

@WKaliberr Can you explain why lower prices are a bad thing? If it's "basic economics" you should be able to explain it.

[WKaliberr]

@foolcow1976 they're bad for the economy because they do not encourage trade. There is no incentive to produce more so the GDP will remain stagnant and/orwill lower

[foolcow1976]

@WKaliberr So, businesses no longer want to increase their profits when prices are low? That is very interesting. Can you go into more detail as to why that is the case?

[WKaliberr]

@foolcow1976 do you understand what is the cause of inflation? thats the first part

[foolcow1976]

@WKaliberr The answer is yes, I do.

But can you explain why businesses have no incentive to produce when there is no inflation? That's the part I fail to understand.

[WKaliberr]

@foolcow1976 Its a domino effect. We need inflation because we need to print more. We need to print more partially because of the population growth. If prices were stagnant and the dollar lost 3% of its value every year, like it does now, companies would lose money if they kept the prices low. . Not to mention the fact that there would be no incentive for investors because they could keep the cash from year to year without it losing value. Inflation creates movement in the economic system.

[foolcow1976]

@WKaliberr Inflation IS printing more. So you're saying we need inflation because we need inflation. That's not an explanation.

If prices are stagnant, that implies the dollar is holding its value, not that it is losing 3% of its value every year. The value of the dollar is the inverse of the general price level, isn't it? So you've lost me there.

[foolcow1976]

@WKaliberr "Investors could keep the cash from year to year without it losing value." This implies that the sole and overriding concern for all investors is to not lose value. If this were true, nobody would ever buy stocks when the interest in a savings account is greater than the inflation rate. But this happens all the time. I'm guessing investors want to increase the value of their portfolios as much as possible.

[foolcow1976]

@WKaliberr "Inflation creates movement in the economic system." Does this mean that nobody did any work before inflation existed? If so, I cannot fathom why the human race didn't completely starve to death long ago.

[Mechanized0]

More specificity regarding Dr. Paul's alleged mental condition would be appreciated. How does seeking transparency of the Federal Reserve, the promotion of sound money, and a balanced budget make an individual, whomever he or she might be, make them "crazy?"

[batteryxtreme]

@WKaliberr Yes please explain what you mean by nutter.

[myhipsi]

Just because you don't understand what he's saying doesn't make him a "nutter".

[Allamericom]

government tyranny.

[gallatin001]

Some day when we are old, all the sheep in America will look back and see this man as the epic hero that he is.

[CurtHowland]

@gallatin001, please, not when we're old. NOW!

[NinjaForeChrist]

hope that will be true, but then again hope is a very bleak word. most likly as the Bible states, it will take the end of our secular ways for the people to see what truth was in front of their eyes and that they chose to ignor.

[Gambino19]

pwn

[a4finger]

Great video, I love listening to Ron Paul speak

[mrnat805]

RON PAUL 2012

[tomperanteau]

Paul is sooo on-target.. Bernanke is nothing more than a common criminal dressed in DC attire.

To Bernanke I say this: You've been uncovered! We see you! You won't be able to carry on your criminal and unconstitutional activity for long, now. People are on to you and they will not stand by while you help others to rape our nation.

We have the right to bear arms against an unruly government, and although Congress should beware, this also pertains to YOU Bernanke.

[korzym]

RON PAUL FTW

[ndfootballch]

ron paul hammers helicopter ben once again!!

[000stryke3000]

☆☆☆☆☆

[daniel987878]

Take that fuckers.

[fairlylargejohn]

Ending the Fed will not be nearly enough. The IRS has to go too. And while we're at it, we should toss out Congress and fire the President as well. After all, they're the people who established, and then maintained, these terrible systems.

What guarantee do we have that if we end these systems, that the government won't re-instate them in the future? The only way for us to be eternally safe from these people, is to stop relying on them. We must end government tyranny.

[tylercj]

ben bernanke is the most corrupt person ever!!

ben bernanke PISSES ME OFFF!!!!

[mrdoonbeg]

Ron PAul Ron Paul Ron Paul

2012

[enuvune]

ron paul is god-tier troll.

[betteryouthanme]

I'm for the Constitution!

pwned.

[CivilRadiant]

Keep up the good work Dr. Paul!

[Rendova1]

It's too bad so few of his peers were there :(

[karategirl96]

@Rendova1 They can't stand him that's why...the man tells it like it is

[TheVampirella]

End the FED!

Ron Paul / Judge Napolitano 2012

[kmg501]

I like how Ron Paul uses his time, he knows that getting into questions and answers with these people is almost useless. So better to keep beating them over the head with facts and logic.

.

[bigken61]

Google "Fiat Empire"

Google "Money as Debt"

And as someone else pointed out, Google "The Money Masters"

[truegwbfan]

john osguthorpe for president.

[jellofast]

bernanke's crapping in his pants!

[Firebirrd85]

There's a good documentary out there called "The Money Masters". It talks about how the federal reserve has robbed us blind since 1913. It's right here on youtube. Watch it.

[TheIchgucke]

he is right those people are power freaks. they must be stoped at all cost.

[zrzr4]

Limit the fed, buy presious metals!

[thecommaking]

No -- End the Fed!

[im1greatman]

Limit the Fed? I say END THE FED!

[silversobe]

End the federal Reserve! Ron Paul for president!

[residentzombie]

Government and central banks created this problem and now the Fed and gov't want to solve the problem THEY created by expanding their power? Hello America time to wakie, wakie.

[Firebirrd85]

the masses won't care until we look like a 3rd world country with nothing

[wellingtonian]

America is well underway at becoming a 3rd world nation.

looks like millet for dinner.

[alistairproductions]

@Firebirrd85 full bellied people dont care! i agree! incredible!

[wes89horns]

RP for President!

[thedemoboy]

Run, Ron, Run!!!!!!

[truvelocity]

Firsties, firsties... Five stars, and if there were 10 stars, I'd give it.