Ron Paul is a Total Idiot when it comes to Monetary Policy and the Federal Reserve

[Tumbleweedin]

And whoever made this video is a total brainwashed crackpot. Read Ron Paul's books.

[RadioAlamo]

@Tumbleweedin Anytime you want to debate this "End the Fed" nonsense, you know I'm in.

[RadioAlamo]

@Tumbleweedin care to point out where the critic is wrong? Anyone that has ever taken Money and Banking 101 can easily tell who is correct, and who doesn't have a clue.

[Tumbleweedin]

It took Ron Paul and his audit (partial audit) to find that 16 trillion (with a T) of US dollars went to foreign banks. EXCUSE me! Why is trillions of dollars backed by the US taxpayer being sent out of this country. Herman Cain said we could just call the FED and ask them...so we did. We are still awaiting a reply. Who cares about "ending the FED" when all we would like is an alternative currency. How about being able to pay our bills with gold and silver? But that is not legal. Why?

[RadioAlamo]

@Tumbleweedin $100 is you can prove the Federal Reserve didn't back every penny it has loaned out. This is the reddest of all red herrings. Also, $16 trillion never went to Foreign Banks. The phoney accounting for that number has been widely published. Just look it up. Just search Another key fact that seems to be underappreciated by those passing along these numbers is that the vast bulk of this $7.77 trillion figure was never lent at all.

[dg23b]

I agree congress is the problem when it comes to debt. But before the creation of the fed there was no way to monetize debt. Governments spent what they brought in. Congressmen now have a moral hazard of being able to create money out of thin air.

[dg23b]

Central banks dont stop bubbles.. just like they didn't stop the dotcom bubble. They have only postponed it. When the dotcom bubble hit, fed funds rates were lowered to re-ignite the economy. They didn't fix the economy though, they just pushed capital into real estate which led to this bubble. The real question is what is the next bubble the fed has created. could be bond prices; rates are incredibly low. Foreigners certainly aren't planning on holding US debt for 20 years with no return

[silverbook1]

is what is needed to fix the economy in a hurry. Otherwise, it will just be a gradual improvement of ~2 % a year, on average.



[silverbook1]

FDR's plan upset and worried a number business leaders, especially the pure free market idealists, and it was incredibly successful. His policies, involved large government spending to stimulate the economy, drastically reduced unemployment(even well before WW2, contrary to the myth that war was saved the American economy). Spending on the war, which is of course just another form of stimulus, ultimately sent unemployment to extremely low levels. More stimulus(or tax breaks to middle class/poor)

[silverbook1]

Glad you made this, actually one of the most informative sources I could find on the issues with Ron Paul.Which is unfortunate, because some non-crazy people are starting to buy into Paul's pseudo-intellectual arguments. I don't agree that the economy is "being held back" though. Recovery has always been slow without government stimulus(even Reagan's 1982 recovery resulted after a stimulus plan). Hoover's failed plan relied on the government doing little, and it failed.

[becij13]

glenn beck? lmao....hes the lowest dogs body of the scrape them out of the gutter media....hes a whippin boy, the bitch...the gofer used by other losers, and he loves it.

lmao...the fed gave 3.3 trillion to its buddies...and the people have got to support their crazy rich lifestyle while facing lower wages, inflation, reduced purchasing power of the dollar. yeah im sure thats exactly how you saw your futures panning out!

u r talkin shit mate, u know fuck all!

[madinko77]

Just tell the f**k out why the us tresury can't create its own free money printing to create debt free money...gold standard or not..? the economy as u know is a big mess..design by the rockfellers at universities..do u think is sane for Alan Greenspan to tell american it's not a issue of debt but we can always print money..?just to create more debt to enslave the world..? next time i see such video i'll call u total idiot..!!

[poorperson]

I hat glenn beck with every inch of my body... but seriously NO ONE ON THIS THREAD KNOWS WHAT A CENTRAL BANK DOES... Such a shame this gets disliked so bad...

[EliteBeave]

as usual.. the only republican with a brain (ron paul) is the only one that gets trashed by the propaganda-laden BS fest known as fox "news"

[enotil]

wtf this idiot didn't even mention the 16 trillion dollars the federal reserve loaned to foreign banks with no interest... ashoooooooole do you know who audited that? RON FCKIN PAUL!!! whose going to pay for that

[ConservativeCavalry]

@enotil Do your homework, that was a total misrepresentation of the facts, and is considered one of the most misleading pieces of financial reporting in history. It is a total lie. Your ignorance only trumps your arrogance. Do your homework, take money and banking, actually take some time to learn the facts.

[enotil]

@ConservativeCavalry i've had numerous debates with people like you and I already know your weakness. ECONOMICS!!! if you don't know why the fed existed in the first place then shut the fuck up. I could easily make you cry on issues that you're probably in denial of... but ill choose not to. I'd rather help you learn instead. YOU CAN'T JUST PRINT MONEY OUT OF THIN AIR AND KEEP PRETENDING ITS SOUND MONEY.

[ConservativeCavalry]

@enotil "YOU CAN'T JUST PRINT MONEY OUT OF THIN AIR AND KEEP PRETENDING ITS SOUND MONEY. " Have you guys ever analyzed this comment? This is where you guys lose 100% credibility with anyone that has taken elementary school money and banking. If we just "printed money out of thin air" why do we have a debt problem? Countries that simply "print money out of thin air" simply print money to buy things, like palaces for a dictator, they don't issue bonds for money. You guys fail even basic

[Kmascak1]

complete misinformation

[suckitfed]

i would like to report this video as misleading and probably done by a group working for the very bankers who will be out of a job soon.

[suckitfed]

fractional reserve monetary policy is our problem simple as that. if we move to a real currency something of value then we won't have these bubbles but we also wouldn't have so many stock market billionaires. also what does the fed reserve buy these bonds with? paper..... can i buy some government bonds with some pieces of paper? all these groups you say "regulate" and "moniter" the fed are the same guys who bring home 10+ million a year. we need a self monitering system like gold,silver or weed

[Schloonktapooxis]

With the budget deficit as dangerous as it is, it's putting our country, economic and foreign policies on the brink of collapse. Fox news is also rather biased as many special interests it serves are promoted by oil companies. While this isn't necessarily an issue toward our economic instability, it pulls away concern by post-hypnotic suggestion for the typical American viewer from understanding the problems in our society. Glenn Beck is also an awful example of anything to argue for or again.

[Schloonktapooxis]

I'd also like to say you are protecting the corrupting idea of fiat currency - fiat currency is dangerous and drives away the purpose of having a sound monetary policy. This protects interventionist principles and special interest groups (namely, the banks). It even further iterates that we actually NEED war because debt spending is apparently more healthy to this country. It's not, and I feel you are strongly overlooking economic facts but polling with public opinion. It's an addiction.

[cvsmech1]

you sound so stupid with your arguments on auditing. Are you totally unaware of the findings of the audit done by the committee headed by ron paul or you just wanna act plain stupid?

Fed isn't independent. It is owned by the bankers who have taught you wrong economic principles and they're screwing up your ass. you sound so stupid, you must be a republican.

[Tryn2bkind]

Who in their right mind would support the Fed? They are a private group manipulating the very foundations of the value of all our hard work. If they are so "OKAY" then why not let Ron Paul's efforts to more closely look into their dealings go forward. I'd say the maker/poster of this video is the Total Idiot. Wake up and pull your head out of your sand filled ass. Ron Paul has been right for 30 years. I doubt you're even that old! Jeeeeeeesh!!!