RON PAUL Interview on economics - part 1

[Juefawn]

Yeah, Paul taking away wel-fare entirely will help people feed themselves, that don't have the money to do so? What could be the consequences of removing such social securities?

[Ravengaurd6]

@Juefawn he'd reform the regulations that increase the cost of living and strengthen the laws that protect the life,health,liberty and property of the citizens from being damaged or taken by Force, Fraud or any combination of the two that criminals(federal or private) can come up with.

Strong contracting laws will protect workers from corrupt employers and employers from belligerent employees. no more rip-offs by the fine print and no more forced Union association. OPEN collective bargaining

[xMaXiMuSx]

Ron is funded by the regular joes for the most part.. HE got some money from business people but NONE from big special interest groups like wall street and ETC..

[toknow07]

RON PAUL IS PROBABLY FUNDED BY ARAB TERRORISTS

[TopSideUp]

I really like the interviewer, i think he does a great job

[arzoyan]

Capitalism is the wage slavery of immense humanity in a politically manipulated,tyrannical market mechanism of artificial scarcity to perpetuate poverty and exploitation in the interest of the dominant RULING CLASS.

[pokeyugi13]

@arzoyan

that is not capitalism that is coporatism

Canada has capitalism England does Germany does USA has corporatism

[psychientology]

Thank you Dr Paul.

[Surhotchaperchlorome]

He lost. :P

[KenMacMillan]

Loosing the election won the first battle of the 2nd revolution.

[GnomeEnthusiast]

*searches for WCW videos*

*gets Ron Paul videos*

Fucking Hell.

[herbs814]

"I think the public school system, the more the government has taken over it, the worse the education has gotten."

This alone proves that Ron Paul is more intelligent than any other "public servant".

We must break the stranglehold of government and teachers' unions on education. We must get the federal government out of the indoctrination business. We must have school choice (tax credit vouchers at least, if not the abolition of property taxes). Free schools - free minds - prosperous people

[clthinkingman]

Ron Paul rock on man... rock on:-)

[hargitai70]

The purpose of goverment is internal/ external security and making sure the economy runs fairly and smoothly. It's that simple. Ron Paul owns the other candidates on this topic.

[vinaytelugu]

OMG!!! Ron Paul's knowledge and understanding of issues are outstanding. In fact, at 8:04, he actually predicts the fall of the credit markets which will then kick in a revamp of the monetary policy.

Isn't this EXACTLY what we are seeing now?

He's the only guy who completely understands what he is talking about...be it economics, foreign affairs or internal affairs.

If it was a toss up between Obama and Ron Paul, I would have surely gone for Ron.

[heepy1]

Don't forget Peter Schiff. Son of the economist Irwin Schiff. He's also predicted the fall of the credit market. So vote him into the senate.

[KenMacMillan]

All Ron Paul supporters need to take a class in Austrian free markets and then should run for political office. We need numbers to make a difference!

[jorgipogi]

THIS GUY IS SO FULL OF B-S IS FUNNY.

[McOldCrazyGuy]

jorgi, it's you and idiots like nurbSoldier that are so clueless and ignorant. Why I'd bet you both even call yourselves Christians, you're such blithering ignorant fools.

[beancube2008]

Why money? Gold is the same shit actually. You get it, you lose it. You lost it and you want to get it back. It doesn't unify the accessibility of our clothing, food, shelter, mobility. It freeze, not free, them. Possessions of a few are always out number necessities of the majority. The more possessions one manages, the more dangerously he lives among the others who crave for it. Why should we keep rebuilding that scheme?

[LiquidSmooth]

The people that run the media, are the same ones that own the democrat and republican parties and are the same ones with close ties to the PRIVATELY OWNED Federal Reserve. So naturally they use the media to manipulate how people see reality, through TV shows, movies, cartoons, and news.

The primaries in the democrat and republican parties get fixed constantly. I see signs in yard with Ron Paul on them for years. No one even knows who McCain and Obama was, yet they get chosen. hmmmm

[chewbaca1989]

Their goes ol' loony Ron Paul with his racist rants and antiquated thinking of the Constitution. The wild bushman from Texas! Man is he craaazy!

Revolution baby!

[nurbSoldier]

Your'e an idiot.

[sooldanbar]

lol Do you live in the swamp or something?

[bajoverga]

You obviously have no understanding of basic economics or the purpose of government. You are a sheep.

[chewbaca1989]

It's obvious Dr. Paul is right, comment was in jest.

[mkabbz]

it's an amazing expression of ignorance that republicans chose Mccain over Paul.

[noo2islam]

I love Mr Ron Paul.Unfortunately people are so stupid!They want to see a candidate holding a baby in his (her) arms.

[Tasadaru]

LOL @ 4:05 "Wow." I have to admit that when I started learning about the Federal Reserve I pretty much said the same thing.

[alabasteroldsoul]

LOL @ 1:06

[Torpedoeight]

Read theives in the temple. Afraid this dude is right. Money is just part of the control system. Buy in to the establishments BS and you become their bitch as well as a fool.

[Perotti18]

ur fake!!!!

[jazzsquall]

Ron Paul is whom American needs!

[Annie55marie]

Is that guy William Defoe's brother?

[cqyuesefu]

hahaha

[NajaFur]

lmfao

[enjoiskaterguy]

we are bankrupt. We have over $53 Trillion dollars in entitlement systems, 9 Trillion defiiet in our budget. We are alive solely on the inflation and printing of money money. We are being manipulated to think that we are wealthy but in reality we are in a horrible recession. The price of the dollar is rabidly decreasing, while god is almost $1,000 p/ounce.

[Rumplesmoothskn]

I like Ron Paul's passion, and I agree with many of his ideas, but has he articulated yet how he is going to get rid of the IRS and the Federal Reserve if he gets elected? I don't think he could get the two houses of congress currently dominated by Democrats to repeal the 16th amendment to the constitution. Even if he just got the ball rolling though I'd vote for him.

[letmypeopleho69]

Read the bills he's submitted to Congress.

[enjoiskaterguy]

watch a film called: America Freedom to Faciscm. It's abou the legality and unconstitutional view on the income tax and the IRS. Yo ucan watch the whole thing on Google Video.

[Eurodance4RonPaul]

Once you go Ron Paul, you forget them all!

Check out my Vids & Check Ron Paul

*****VOTE RON PAUL 2008*****

[schausm]

Yeah. It's a scam, led by the fed. But what's amazing to watch right now is how access to the information is decentralizing power. Although I like a lot of what Ron Paul says, the amazing thing is how his campaign is spreading based on the content of the message. Mainstream media is not good for exploring subject matter, they're good at demonizing or championing individuals and ending conversations. So everything stays the same.

[schausm]

Yes, but you literally can't take abstract ideas to the bank and how are you measuring wealth. That there is such resistance, and not just with you, to even the possibility that America is in dire financial straits, is the scariest part. 13 trillion in debt? Tech bubble, to housing bubble, no real recession? Dollar going below .80 cents for the first time ever? America is wealthy in theory yes, but so is any poor country who is disorganized and under rule by a few.

[schausm]

That's the point, there is much less real wealth in the US than the FED would have you believe; they print what they can't pay a and borrow on top of that. They have shifted from a lender nation to a creditor nation who owes 13 trillion dollars. My point is that China owns a considerable amount of that debt while at the same time is exporting huge quantities of goods to the US. Something's got to give when the global community realizes how poor the US actually is at the moment.

[schausm]

Yes, but as the dollar decreases relative to the Yuan, the Yuan increases in value relative to the dollar. The country becomes richer as the US gets poorer and it expands the Chinese middle class at an even faster rate.

[schausm]

Well, there's a billion people in China, ready and wanting to consume.

Willing to keep chatting; just wanted to say thanks for the insight!

[schausm]

China will start to circulate their own goods in their own economy or to other countries with a currency with some value. Chinese growth will become less hinged upon US consumer consumption as US monetary policy destroys the US middle class. The Chinese will unfix their currency from USD and let it go to it's real value...after they buy up US real assets as the US economy goes bankrupt.

[schausm]

Or, they will keep the goods they produce for themselves instead of exporting them to the US for dollars that have lesser and lesser value. Then, they will take call in all the loans we have out with them to buy US assets at bargain basement prices. Why do they want to export their goods in exchange for a dollar that is printed in high supply to give the false impression of a robust economy.

[schausm]

You're right, wages are not growing with inflation. Inflation, in the US, grows 10% more per year than wages so you lose 10% on what you earn as a result of government monetary policy. It's a very bad thing that our dollar is weak to those who have lent us money to keep spending. They are now in a position to buy American assets at bargain prices. Own the assets=call the shots.

[obermax25]

now you are getting creepy. Why is it, that you are not saying, that real rise in wages is lagging?

Which, if your observation is correct, would be the other explanation.

Next, your telling us, money doesn´t just make the world go around, it´s also moving the planet.

[schausm]

I don't really understand what you're saying. What I know is that an economy based on credit driven consumer spending is not sustainable when you're not making the goods you're consuming.

[obermax25]

yes, but you see, to get all the credit, consumers must do something, right now, the US is selling assets, and debt obligations to ... everyone, and China. The declining dollar means, that, to a certain extend, this is going to stop.

I still fail to see the problem.

[AiresQX4]

You cannot control and enslave a nation of people that are intelligent and aware of government corruption!! That is why the department of education is so important in the dumbing down of American citizens!!

Hip hip hooray!! for retarded Americans!!

Fascism is awesome!!

[kdcruz75]

flouride poisoning helps too...

...worked for the nazi's

and the MNC's get rid of the aluminium industry waste and get paid ..

that's more than two birds... i need to start working for the elite...

[schausm]

Except the only way to pay back your debts is to print more money out of thin air. The only value of money is derived from the amount in circulation. Increase the number of dollars chasing the same number of goods, and the value of the dollar, the dollars YOU hold, goes down. It's not good, it's theft.

[obermax25]

Who, may I ask, profits from the theft?

This Idea that any currency is worth less or nothing, because it is not backed by anything is absurd.

What Paul does is ranting. Talking nonsense. A stable rate of inflation is NOT a disincentive to save. That is because the rate of interest can adjusted. And easily. As Free market Paul should know the interest rate is the point of intersecting between the supply and the demand curve. End of story.

[schausm]

Do you know how the interest rate is adjusted so "easily"? Injecting (term appropriate) more paper dollars into the economy. They don't just decide "we're moving it from 4% to 3%" and click the button. They inject the economy with more dollars and as a result, the ones you're currently holding are worth less. Theft; of the value of the ones you're currently holding before they inject.

[obermax25]

Ahh. Sorry, I was referring to the behavior of the banks. (Which in turn obviously reflects the behavior of the FED; in my case the ECB)What you get differs from bank to bank, but every bank pays inflation + x, and what the rate of inflation is is not important to that.)

[schausm]

The central bank, (Fed, ECB, Bank of Canada) sell the money they create out of thin air to the banks who then loan out that money, at interest. Banks are typically required to keep 1 dollar in the bank for every 9 they loan out, at interest. So if the central bank sells 1111.12 dollar to a bank, they can issue 10,000 in loans, at interest.

[obermax25]

yes, ok. by the way are you positive about the reserve requirements? only 10%? what ever. Why is this pertinent to what i´ve said? If you have loaned money to a bank, 3% inflation 4% interest, or 4%, 5%, or 6%, 7% that does not make a difference.

[schausm]

It's 9:1 in the US, higher in Canada, and I'm not sure about Europe.

Search "2. Corrupt Banking System - How Money is Created (2/5)" The explanation starts at about 2:30.

[llamomanu]

You spelled bureaucrats wrong, you doofuses. Ron Paul's policies would destroy this country within five years. Abolish the FDA so that big pharma can take over ? He's a nut. Go take some Vioxx and have a stroke already.

[kdcruz75]

is that the same fda that allows aspartame and flouride to be added to our food....

... a prozac to be dished out to kids...

...someone ignorant like you ...would be welcomed with open arms at the fda...

[soVun]

So I have a question.

How do you support an economy worth trillions and trillions of dollars - when there is not trillions and trillions of dollars worth of Gold in existence? When the entire WORLD is pegged to the U.S. Dollar in terms of their wealth as the International Currency. The Constitution is a document that allows for itself to be changed when times require it.

[rios9000]

First, the dollar is not backed by oil. Second, the Great Depression was caused by the federal reserve and our government. The federal reserve didn't release the massive amounts of gold coming in from England causing a 30% decline in available money, nor did they help banks that had to call good loans because they ran out of money due to the overexpansion of credit in the 20's, and the Smoot-Harvey Tariff Act passed by Hoover shut down almost all trade turning a recession into a depression.

[jobatta]

Forget the Fed. Understand your legal status. It's the only thing that matters. Study the 14th, grammatically (w/o subordinate clauses). The 14th Amendment created the "United States" which is a federal (private) corporation located in DC. Check it out! USC (United States Code) Title 28 § 3002: Definition (15) - & - UCC (Universal Commercial Code) Article 9, § 9-307. LOCATION OF DEBTOR (h).

[jobatta]

A Grammatical Reading of the 14th Amendment

(i.e. suppressing all subordinate clauses, which merely provide definitions and specifications):

SECTION 1. All persons born or naturalized in the "United States" and subject to the jurisdiction thereof (i.e. The District of Columbia), are citizens of the United States and of the State wherein they reside (i.e. the dual nationality clause).

[jobatta]

SECTION 2. No person shall be a Senator or Representative in Congress, under the United States [new private, de facto, statutory federal corporation], having previously taken an oath, to support the (de jure, Common Law-based) Constitution of the United States. But Congress may by a vote of two-thirds of each House, remove such disability.

[jobatta]

SECTION 3. The right to vote at any election...is denied to any of the inhabitants of such State, except for participation in rebellion, or other crime (i.e. for treason against their own constitutional state government - which is your true country wherein you secure your true nationality, like every other Republic/Commonwealth in the world).

[jobatta]

SECTION 4. The validity of the public debt of the "United States" (federal corporation), shall not be questioned.

[jobatta]

SECTION 5. The Congress shall have power to enforce, by appropriate legislation, the provisions of this article. (Section 5 is the 2nd instance that Congress demonstrated self-determination, separate from its constituent states. The 13th was the 1st).

[jobatta]

Our legal status [i.e. our "state" nationality (not your federal citizenship)] protects our inalienable rights. U.S. (federal) citizenship provides "privileges & immunities" -- Not rights! Under the new "United States" regime our rightul dejure nationalities are being replaced by a new nationality (a new monarchy). Therefore, the REALID (Federal ID) will end the Federal Constitutional Republic known as "The United States of America."

[SoCal4LifeSD]

i love ron paul but i dont think the gold standard is the answer. look at what happened during the great depression. u have to seriously be insane to back current america by insufficient amounts of gold -- fostering world trade in todays day in age would be impossible! fiat is fine, the government just needs fiscal responsibility -- ron paul can give that without dropping the current system

[insidious]

"This is an infomercial for precious metals."

Seriously.

In my mind that the interviewer stands to benefit HUGELY by the policies that Ron Paul is describing is deeply disturbing to me. I would like to see him talk with someone who does not have a massive conflict of interest when it comes to these issues.

[AmericanPatriot2008]

You are correct. But the problem is that the vast majority of "outlets" that do not have benefit inherent in a Ron Paul presidency simply refuse to give him any exposure at all.

But as a suggestion to you, your comment indicates to me that you might prefer to see Dr. Paul's debates with the former and current Chairman of the Federal Reserve, Alan Greenspan and Ben Bernanke. They are on YouTube.

[tsycear]

His views were also endorsed on "Kudlow and company" by a few of the financial experts including Steve Forbes. Video on youtube.

[nomegusta13]

he has to be another pawn no way he means this its too good to be true

[AmericanPatriot2008]

Well, I guess the only way you would know for sure would be to do a "reality check" on his voting record then, huh?

has never voted to raise taxes.

has never voted for an unbalanced budget.

has never voted for a federal restriction on gun ownership.

has never voted to raise congressional pay.

has never taken a government-paid junket.

has never voted to increase the power of the executive branch.

[AmericanPatriot2008]

CONTINUED:

He voted against the Patriot Act.

He voted against regulating the Internet.

He voted against the Iraq war.

He does not participate in the lucrative congressional pension program.

He returns a portion of his annual congressional office budget to the U.S. treasury every year.

How's that for a start?

[denny164l]

If Ron Paul ever switched from Republican to Independent or Democrat. Many more Americans would PAY more attention if you will. But since hes for the people...Corprates dont want anything to do with him.

[denny164l]

AmericanPatriot you are also right. But Republicans always tend to have a trick up there sleeves and Ron Paul has made the most sense out of all the canidates Ive heard. But He sounds more "Independent" than Republican.

[denny164l]

And hes a Republican. I Agree, this man is very nice person but his politics sound WAAAAYYY to good.

[mdavedc]

oops Sometimes if you lose something you have to backtrack to find it. The Fed doesn't want the public to know what money is. Do you know why? The answer can be found right here on youtube.

[mdavedc]

When you realize that yo

[mlincoln7783]

Ron Paul seems pretty promising, but does he really want to go back to gold and silver standard? in the 21st century? I agree that there are problems with fiat currency and central banking, but his solution seems to be to take a huge step back.

And his critique of public schools, and how educated people are illiterate..?

He seems to be so right on other issuses thought

[AmericanPatriot2008]

So what's your problem? Ron Paul says he would introduce a COMPETING currency, so you would still be able to use Federal Reserve Notes - if you want to.

[denny164l]

I agree with everything you have posted..But its "The Risk" of electing another republican Many Americans Like Ron Pauls speeches but its the Past that the Republicans have done and the poeple just want to see them out.

[iamsmeemo]

@mlincoln7783 The problem is the intellectual reasoning behind fiat currency (the false connection between aggregate demand for final products and employment levels) was exposed as a sham in the 19th century! Keynes revived this idea somehow, and since his death, the financial planners have used his General Theory as the basis for the sorry excuses they give us. Fiat currency is an intellectual step backwards, not commodity-backed currency. Google: "A Tiger By The Tail" Hayek full text.

[CodeNameMusic]

A politician speaking the truth?! Wow...im voting for him.

[freekrolik]

give a chance to everyone... not the choosen one...

the american dream..

[venomxtc]

WONDERFULL!!

[WaysideEdit]

This is an infomercial for precious metals.

[steveoo5]

he makes a lot of sense

[seapoidog]

Ron Paul could be a professor of American Economics. He has my vote. I switched from Green Party to Republican just to vote for him in the primaries.

[Imonlysleeping9]

YES!

[reggggindnas]

"take revenge on the IRS" hahahahhahahah!! That's funny and maybe a good campaign slogan for RP hahah but seriously though I support this guy and I donated.

Next big day is December 16th(birthday of the boston tea party).

DONATE!! SPREAD THE WORD!

[AmericanPatriot2008]

"Take revenge on the IRS!"

You like that, huh?

[reggggindnas]

Hhaha sure I mean I don't have anything against them except that they steal my money every year hahah but I guess they have to when you have to finance an empire :-/.

My vote goes to ron paul not because he's gonna abolish the IRS but that he is going to pull out of Iraq and his plans with our weakening dollar and economy.

[jtlege]

I can't believe Ron Paul and and George W, can each be called a Republican from Texas. He sounds like he can just make the country well again. Its nice to see someone 'conservative' in fiscal policy where it counts most. Billion dollar wars, uncontrolled spending; are a lot more important than nudity on T.V. or if 17 yr old Betty Sue Slut can have an abortion. Losing the Middle Class of America is losing America itself,and its nice to see a man who understands this running for president .

[jaminunit]

Wow! this guy is great! is he really running for president? I think I just found the guy I'm voting for. I'm normally a democrat but man I can't believe my eyes and ears this guy makes so much sense. I think I'm going to be a GOP voter.. Oh My..... I never thought I'd say that but this guy is fantastic.!

[RonPaul4Pres2k8]

Ron Paul is GOLDEN indeed.

[makedonphil]

i thought this guy was just another polition but i saw his videos he has convinced me that he is 100% loyal and truth.

[unobb]

:D GOLD GOLD GOLD!! RON PAUL!!

[ffirb]

How old is that paul fella? About 80?

[tsycear]

72, one year older than Reagan when he was first elected.

[fairman76]

Ron Paul! Why you're so awesome? You know many things!!!

[bmxxxxxxxx]

Ron Paul is going on the Tonight Show tonight with Tom Cruise, I wonder who will receive the most media coverage?

[Radwar99]

Oh really, blair227. Then please explain to us in detail exactly where Ron Paul is wrong and why. And what is your solution. Can't wait to read this.

[joesatube]

Abolish the IRS in the first week? Does he have the constitutional power to do that?

[tsycear]

That quote was not really accurate. He was asked a follow-up question in one of the debates about what spending he would eliminate and joked "In my first week I elminiated the IRS so in my second week I would start eliminating the departments...." Although the IRS itself is unconstitutional.

[johnebii]

does the irs have the constitutional right to exist in the first place is the better question.

[joshfang]

i like the "WOW"

[shortfu]

Dr. Paul probably has more knowledge of the economy than all other presidential candidates combined.

[eekdog2005]

Ready for a lesson on economics boys and girls? listen & learn!

[Budvb]

I'm blair22y and i want to bomb the earth 10 times over so we can live happy for ever in our own graves! Sign up for the Military man fight the war you love to keep going!

[jonasrichards]

Woot! I love it! I'm taking a financial literacy class right now. It's full of garbage and mercantalism! Which is known to fail! He is so right! I'm forced to take that class, and even I can see the holes in it.

[rundoetx]

Get the Federal Government OUT of our schools. Lets the stes run their own schools!!

Vote Ron Paul.

Free Hugs of TX

RundoeTX

[jduyvun]

i love when he says... "print the money" with an emphasis on mon-ay.

[gravelvspaul2008]

thanks for putting this up!

[Radwar99]

Ron Paul is just amazing. The more you listen to him talk about issues the more impressive he gets. How many politicians out there could you say the same.

[nonresident]

I'm disappointed. Does he really prefer deflation instead of inflation?

[lisadseeker]

Smart man!

[freesk8]

Most of Congress is either ignorant of economics, or cynically vote against the economic interests of the people.

Ron Paul is totally right about economic education in the government monopoly schools.

Ron Paul is Wonderful!!!  :)

[JesseArthurElder]

thisnovember5th dot com and ronpaulmoneybomb dot com are joining forces. Check out both of them!

[RonPaulLive]

This is an incredible enlightening video. Congressman Paul is a man of genuine integrity. Why would any TRUE American ever consider a vote for any other puppet candidate- Aren't you tired of the lies?

We have this video and many more plus loads of features for the grass roots movement in the new RonPaulLive(.com) toolbar. Get it share it and stay in the loop.

[pkpdjh]

Ron Paul would be terrible for me. I would stop making all the money I am investing in gold and betting against the US dollar. ;)

[grumpymoparman]

wow A man I can understand

[danfg]

This is an incredibly wise man. He takes notice and talks about the fact that public schools don't teach about money and finances, that they actually uninform our children about money.

Libertarians are, by contrast, usually very educated and enlightened, especially in these times where statism permeates our culture and, not surprisingly, our state-sponsored education.

[110fwy]

Thanks for posting this! The only thing I'd add is there's a spelling error in the first 20 second intro of the video where it says, "...and over-run by beaurocrats." The word should be, "bureaucrats."

[AmericanPatriot2008]

Yes - it was so early in the morning I did this. Now it's too LATE!

[LeeGeeGee]

It's spelled "bureaucrats."

[directorNY]

LETS PUT SOME MONEY BEHIND THIS GUY ON NOV5th.

[anyusmoon1]

Absolutely. Signed up and rare'n to go 100 bucks on Nov 5 at thisnovember5th dot com

Also, check out Dr. Paul on the Tonight Show Oct 30th.

[anyusmoon1]

This man MUST be brought to the oval office and help lead us out from under the evils we face today.

I want Ron Paul for President. Do you? Join us at thisnovember5th dot com do it now, ok? :-)

[Sigkim]

Hello fellow American:)

Anyusmoon1, as much as I thought I know about Ron Paul I had no idea his middle name is Ernest..it is very fitting(and cute).

The only candidate to be outspoken against the "Private" Federal Reserve....The Honorable Dr.Ronald Ernest Paul.

Sig