Ron Paul on the Federal Reserve -July 21-09

[rotnflesh]

The irony that people see, looking back on these committee comments/Qs&As, is that the government as a body has absolutely no respect for the average American and (to our detriment) will continue to borrow and spend billions and trillions of dollars on STUPID, IDIOTIC, MORONIC and IMBECILIC CRAP!

We don't want war, we don't want bailouts, we don't want to aid dictators.

We want our fucking freedom back. Read the fucking Constitution you worthless sacks of dry flesh politicians.

[jsjs525]

anyone else hear "oh please" at the very beginning... I may be wrong but that didn't sound like Paul especially because his mouth was away from the microphone when it was said ..... anyone know who it was that said it....?

[pidner]

Good common sense reasoing,and the other politicians know whats going on,what they are allowing is criminal.

[zyrilo]

I dont speak english also spanish ,this is the only man with authentic respect of the social policy education economy etc...and very small for understannding the real problems or consequances of the latest events (20 years)

WAKE UP NOW U.S.A !!!!

[whoo689]

I think it's also important to note and interesting that Wesley Mitchell, an early 20th-Century economist and an employee at the Fed, actually wrote a book in 1913 or 1914 called Business Cycles. And the Fed drastically altered the business cycle with its open market operations and its silly rules! Coincidence? You decide. I think Mitchell was probably an economic prophet who knew that the Fed would create a new kind of business cycle and thus laid it out.

[whoo689]

Historians who only look at the political aspect of the bank panics of the 1800s and early 20th Century wrongly tell us that it was "too much free market" that caused it, when the truth is that ridiculous government intervention in the monetary and banking sectors is the real culprit. Hell, our first post-Constitution recession in 1797 was caused by government! It was an embargo. How embarassing is that!

The only reason we think central banks are good is b/c they've been more benign now.

[whoo689]

Central banking is a disaster and not economically sound. I'm ashamed of any professor or economist who accepts the notion that we need a government bank to "stabilize the economy." Nonsense! That's based on false information, such as the true causes of the Depression and stock market crash, which were Fed and other regulatory agency rules that promoted too much speculation and risky lending. And when the Fed did have a chance to save banks, it dropped the ball, as even Bernanke admits.

[whoo689]

Central banks have limited their role in the economy compared to the 1800s, 1700s and 1600s in states like England, Scotland, Holland, you name it. There, they used deliberate currency expansion to fund massive war spending, which made everyone broke. And let's not forget hyperinflation under the Weimar Republic.

The Fed has never gotten on target to what the "true" money supply should be for good growth. Fractional-reserve banking is a disaster, too. The reserve ratio should be higher.

[whoo689]

Why does Ron Paul use up all his time like this whenever the Fed is in town in Congress? I mean, sure, he makes some good points, but he should really focus on holding the Fed people accountable, and you can do that much more effectively by asking hard questions and keeping them on their feet.

[whoo689]

We all know that the way the Fed creates more money is by buying securities from banks. This increased money thereby increases the amount they can lend out of thin air. A reserve ratio of 5 or 10% means a bank can create out of thin air 10-20 TIMES the actual amount of money they have. This no doubt distorts the market and causes the inflation, not "unexplainable market forces." That's bullshit. Inflation was much less existent, except in wartime, before the Fed came along.

[jsjs525]

if you're asking why he makes a statement instead of asking questions.... the only reason I can think of is that with 2 minutes left and the Fed answering questions, all you'll get is "uuuhhh" and "can you repeat the question" and such.... he can get a lot more said if he just answers for them by ending with a statement and answers that they themselves won't talk about. .... sad but true... I too would like to hear them answer the hard questions but they won't do it, especially not in 2 minutes.

[whoo689]

Why hasn't Paul been made head of a committee already? If you ask me, he should've been Financial Committee and IRAS committee chair long ago! I mean, he's been in Congress for over 10 terms now, so he's definitely should have seniority privilege, for one thing. When the GOP gets the majority again, as scary as that may sound, I hope at least Paul gets to be a committee chair, finally. He knows more about this shit than anyone on those 2 committees.

[GComputerSpecialist]

Ron Paul lets end the FED

[EveningBreeze8]

I LOVE THAT MAN.

[Boxrag]

"The Gentlemen from Texas" just owned the Federal Reserve Chairman.

[0PsycoDad0]

How long will it take for the US to threaten other nations with military force to accept their Dollar Bills?

The long leg of the US bond marked has been crippled last year,now the 5 year auctions get under massive pressure. Let´s see how long the FED´s magik can defy the machine.

XD

[RealTalkification]

probably not long. i would be worried. its getting to the point where only a world war could ressurect us

[MrThefutureisnotset]

ROFL! what are you people talking about? If your not brain washed by one of these people you are brain washed by the next. Take your heads out. Stop looking for other people to make everything better You have to do something. Not just listen to Alex jones radio talk show and read a david icke book.

[RealTalkification]

dont lump me into that crowd faggot! I support Ron Paul, I support Audting the fed. The Fed is an agency that creates trillions out of thin air. You dont think they shouldnt have some oversight?

[dosobrain]

They have way too much power to fuck us over. They need an AUDIT!

[RealTalkification]

I also hope the genie is not yet out of the bottle. That Inflation will not destroy us after this is all and said and done. Its hard to create 23 trillion dollars dollars in only 10 months. The only reason we do not see any inflation is now is because there would be have to be some sort of recovery for it too occur.

[RealTalkification]

weak as troll from a stupid faggot

[lacker101]

The debt monster will continue at all levels until it can no more. You can not force people deep in debt, out of work or furloughed into MORE DEBT TO CREATE FAKE GROWTH. The economy cannot go back to what it was in 07.

The economy will contract 30% toward what real demand was before debt financing demand, and then no one will be happy because 25% of people will be out of work, all the jobs will be overseas, and our children will pay for our mistakes.

Change(SAME SHIT BUSH DID BAILOUT ON US)

[bellinghammond]

wow.

why doesn't RP ALWAYS speak like that?

truth bomb.

[bigb47]

YES! Get 'em Ron! Get 'em!!!

[jtwilber]

If we could put Ron Pauls position into Mitt Romneys body and give him Ron Reagans ability to speak to the common man.... We'd own the white house in 2012

[LibertyRice]

run rand run . com Money Bomb for Rand Paul on August 20th - let's raise a Million!

[starsjoe]

GOO RON PAUL!!!

[oscar3d]

Well said Ron!!!

You can see how the other politicians cover their ears.... this country is so fucked up!

[tek510]

If America keeps the economic screwball rolling, and does not bring it to a halt, then I say to my fellow Americans that we are doomed.

[1oct1]

I wish people would just leave Obama alone.

Does anyone here make fun of the special Olympics? NO? Then leave his administration alone.

Ron Paul is the man.

[GlobVetus]

Are they deaf or something ?

No.. They are just in the state of

denial..

What´s next ?

Depression ?

[colbyVas]

:09 paul "oh,please" (that guy kicks ass)barney frank swallows

[alfredoconsalsa]

go ron paul

im supporting you

[littlemisspissy]

America had its chance to elect a living Founding Father-class human being and screwed up. Americans deserve what they get... one thing is for sure...

Americans will get what they deserve.

[werebear1]

There was a lot of works in the background that people are mot aware of. Anyone who understands our electoral process know that it is extremely vulnerable and easily manipulated by dishonest people with lots of resources.

Ron Paul was unfairly and illegally taken out of the primaries, to which end the mainstream media played a very complicit role. Same thing they did to obscure the other 4 runner ups for presidency (there where 6 candidates total) but the media favored only 2.