Ron Paul Talks About The Economy on The Colbert Report

[dPain261]

The money maker elitists were the ones who put the world on a gold standard.

We do not need the gold standard! with all the worlds currencies printed, gold would have to be $50 000 per ounce, IT WILL NEVER HAPPEN! NOR SHOULD IT!

Money should not be printed into debt; see lincoln for the answer.

Wake up you dumb AMERICANS it has been done before in your country.

[christian32johnson]

@therobp600

How?

[therobp600]

Ron Paul is an idiot

[ponquinful]

"other countries are still very willing to lend the U.S. money", I am sure that is true, because they know that INTEREST really piles up when the U.S. NEVER pays the loan back.

[wowlifeisbeautiful]

what's with the sound? It's gone.

[Vindigary]

Colbert is the GREATEST news anchor of ALL TIME!

[TheFightaz]

this guy is full of ignorance

[UnderratedSheet]

oh, stephen colbert. 

[leonthalion]

Right, like the US dollar is you unique that it is not comparable to no other currency. That's like saying "I don't need safety features in my car, I have never had a serious accident", neglecting the fact that you have indeed had many accidents, all of which have not been fatal due to said safety equipment.

[droppertrental]

@leonthalion EXCELLENT ANALOGY

[Guanchen]

What a dumb ass, the reason Inflation is not taking off because right now people around the world don't have an alternative. US dollar is still the only real international currency, but UN is working to change that, the rest of the world is working to change that. And when they do come up with an international currency, inflation WILL take off. This dumbass think inflation is not real? No, the only reason is because people must give US low interest rate, but that won't happen when currency chang

[mootant]

@Guanchen They're just pretending to be stupid, manufacturing base of US went to China, yearly inflation - in worker wages in some recent years was as high as 20%.

[deiselaewireless]

ron paul!

[MichiganManiac5594]

Great debate! But Ron Paul obviously WON this one

RON PAUL 2012!

[ChannelofLiberty]

inflation is a myth, a story not worth a continental

[feuchtersoft]

I don't think I've ever heard a debate as intelligible as this on the mainstream media networks.

[TiaSaysSo]

It is more likely for Iran to have a femal president than is is for the New York times to hire a reliable economist.

[kazoorocketman54]

Average lifespan for a fiat currency is 27 years.

[allbu849]

The ass hole from NYT says there is no inflation!! What the fuck?!!! Is he that rich that he doesnt buy food?!

Just a simple example: The price of one whole chicken in the 60s was $.30/lb... Today, its around $2.50/lb : Thats 8 times the price of chicken back then!! It shows the devaluation of the dollar over time.

[patatepowa]

STILL despite all my whining paul remain the best candidate by a long shot RON PAUL 2012

[patatepowa]

Also, if you go back to the history of the gold standard you will see that the the paper money was constantly being manually devaluated by their country, if one day the index is 1000$ = 1 once of gold, they can decide tomorrow to make 1100$= 1 once of gold, making owning paper money completely irrelevant.

[patatepowa]

Btw, gold is a highly unstable currency, if you look at the value of gold, it takes huge swings in price every day, and if we translate into gold standard, that means that everyday commodities will have huge swings in value, this is not the mark of a great currency.

The value of a national currency comes from the fact that a country is forcing you to make all your transaction on the land of the country with their currency so that you dont have to be trading a pizza

[escenzmusic]

@patatepowa

Btw, gold is a highly unstable currency.........

There is only one problem with GOLD. You can print money from thin air, but you cant print GOLD. There is a great scene in The Pianist when the pianist is asked to pause from playing for a second because a money exchange is happening at a table near him.

Piano player stops and the guy throws each coin up and when it lands he knows what is the real coin and what isnt.

[escenzmusic]

@patatepowa

You can roll one dollar bill around a bunch of newspaper and its weight will still be the same if it were wrapped around real money.

[patatepowa]

gold standard is extremely retarded, where is the governement gonna get the gold? what if on the day of the gold standard, china comes in with its triliions of dollars worth of americna bonds and ask for it in gold? where is the US going to get all this gold from if their only currency is attached to gold? If you own a gold mine, what would you sell your gold for? this is VERY UNSTAINABLE I dont understand how we never here about how the gold standard fundamentally impossible to put in place

[nexpia]

@patatepowa Why the hell would I sell my gold mine?

[username0727]

But Cobert you should of asked him if he thinks China will keep borrowing us money even though they are creating billions more in debt bc of loaning us money

[username0727]

Colbert you are hilarious!! Love the show!! Ron Paul 2012!!!

[cosmogang]

I wonder why the economy is so weak Mr. Douche? That other guy is a doink.

[AMERICAagogo]

Ron Paul for president 2012. That other guy is either ignorant or brainwashed.

[williamertz]

Awesome.



[ElAsaltaCulos2]

1,000,000 vs. 1/4 oz of gold? Is that his question? Not even he has much faith in the future of the dollar, eh?

[DaFleegsta]

Thanks for the upload, my left ear really enjoyed this video.

[jaimerigada]

no sound!

[youngbono18]

Ron Paul is AWESOME!!

[thadea]

We definitely do NOT have inflation of 1%...this guy is nuts

[seitys]

@thadea

Totally agreed. The US changed the way it measured inflation so it seems lower. You don't have to be a genius to figure out there is inflation. Just look around: no more dollar menu. Food prices have definitely increased in the last 5 years. The definition of inflation is an increase in money supply. The symptom, once people start spending money again and competing for the same good, is price inflation. So in effect, the recession is masking the coming inflation. Buy physical gold!

[Woostycat]

SNOPES disagrees with you but nice try abtatparty

we DEFINITELY HAVE ALREADY a Leprechaunomy....(love that)

[kd5lpr]

wow that guy doesnt know jack shit ron paul kicked his ass anybody thats worth there salt knows gold is the best way to go RON PAUL FOR PRESIDENT WOOOO

[cetnik03]

that ecnomist my ass got destroyed!! what an idiot that was not even close of a debate, he should kiss ron pauls ass!

[kd5lpr]

@cetnik03 yeah get his sorry ass out of here and shoot him

[squidwurrd]

"Do you want some ice for that burn?" HAHAHA

[abtatparty]

First the bubbles, then the weakened deflated economy. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Thomas Jefferson

[Cornampoo]

Printing money is the problem.

[Goldwater1971]

I wonder if there are any other GOP candidates who have the moxie to step onto Colbert's stage mid election cycle? Good showing for Paul.

[ForLiberty888]

Sad reality is that one of our "top" newspaper's journalist has no clue. Retrogression of the society cannot hide even gay parades.

[sandyj321]

Hearing Ron Paul laugh was good, really good. SEE the 5:oo mark to end. I replayed that 20 times. so fun. by the way was the question, Would you rather worship a gold calf or a paper calf,?,,or a gold cat or a paper cat? anybody know? I thought it was cat at first,,,then I thought it might be calf, making it kind of Hindu reference...anyway it's a good response by Paul.

[stevenavarro]

@sandyj321 No, its the golden calf.. from the moses stuff in the bible.

[sandyj321]

@stevenavarro thanks for the info.! makes more sense now.

[FanatikJ]

Ron is totally correct, of course.