RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
the 5 people who don't like this video are just haters...look don't get mad because this man wants to end a banking system that has enslaved the American people for years...Inflation is a tax on the American People By The Fed...Wake Up Stop Watching Tv...Read A Book....
estimated only 10 more years and then the money supply will grow so huge that it will lead to the final collapse of the feds and then we will move into an economy created by the venus project where money and laws will no longer exist and everyone in theory will truely be equal..... but in my opinion, just like any other revolutionary ideas there will be some way that is not seen on paper for a couple of power hungry bastards to get in control and all this bullshit will start all over again
To see what happens when a banking system collapses, look no further than Iceland. Iceland's no banana republic -- in 2007, the United Nations called it the most developed country in the world. But in October, the country's banking system collapsed.
As a result, Iceland's currency has lost about half its value. Inflation is now 18.6% and rising. The central bank's interest rate is 18%. Unemployment has quadrupled. The stock market is down 90% since the end of September. It's ugly.
What a bizarre character in the background, where they pick this guy up from out front a pub or something, The girl in the background just looks like she stepped out of
university, typical education confused to which ways up or down and left an right.I wonder why they would put the oddities behind Ron paul? Well I spouse it'd make for fantastic TV viewing.
I see the posts.. BLAH BLAH BLAH BLAH BLAH, Yes indeed I agree, very interisting I see your point...You should be listining very intently with a sense of urgency, I would like to say wake up you stupid fucking peons! but your not going to, so you just concentrate and keep busy on building your precipice.
Hahaha!! Wow, I'm a little late to the show, but I strongly recommend reading the whole interaction between 7Hook and pajeff2. I'd call it a debate, but it was more like a lecture.
Pajeff2 is either full of sh** and trying to make himself sound important so that someone might actually listen to his vain insults of Ron Paul, or he really IS an economist, in which case we're all in way more trouble than I thought.
Business wishes government to stay out of business...I think business should also stay out of our government (the government that is supposed to represent the people). Business, answers to no one. At least government is (or should be) accountable to the people.
Accountability is needed at the Fed. it is neither business or government, and it isn't capitalist. But the Fed, along with wall street banks have done trillions of dollars of harm to the US and the rest of the world. The damage isn't totally visible yet, but it has started to appear - eg food and oil prices, worries about famine...
paul is the most anti-american person on the planet..to him everything is wrong with this country..he thinks he's right on everything. voters have spoken in the primaries and said we are wise to you and your constant tearing down of America..we are not getting rid of the institutions and social programs you want and we are not cutting and running from iraq. we are not letting druggies out of prison so they can get high, hop in a car, and run over our kids while they wait at the school bus stop
My bad 7 hook. Dats exactly who im talking to!! Pajeff2 and others like him need to GET EDUCATED!! i cant believe my eyes when i see how ignorant people can be
You have 60 years experience in the real world (before you were saying 40 years, but anyway), in that time you saw the US dollar switch from gold backed to sort of fiat and sort of hydrocarbon backed. You have no opinion on fiat currency, but can you point out any interesting results from that switch? Such as how the value of the dollar has changed?
paul would devastate the working class. Paul supports abolishing the Federal minimum wage, has introduced legislation to repeal OSHA, and would deal devastating blows to Social Security . He has also sponsored legislation seeking to repeal the Davis-Bacon Act and the Copeland Act which provide that contractors for the federal government must provide the prevailing wage and prohibits corporate "kick backs."
7hook, I have a PhD in economics..But I look at key indicators in the real economy..Example, when my neighbor starts making less than $150,000 a year I will worry..What does he do for a living ? he cleans dog shit out of peoples yards on a weekly basis..yep, people are really hurting !! ROFL
I too am rolling on the floor laughing at your comment. Your neighbor should be very proud, however, that is not really a valid economic indicator, more anecdotal, which academics consider very unreliable.
Speaking of indicators, do you believe the CPI as reported by the government is an accurate measure of inflation?
7hook, it's quite valid, or do you consider having dog poop removed from your yard something you couldn't do yourself to save money..that's as clear a sign as all the restaurants being packed that people are NOT hurting
It's still anecdotal. That kind of job could only exist in a very rich area. it is a tiny niche job. More important numbers are how many people have large credit card debt, are underwater in the mortgage, have moved from high paying jobs to lower paying jobs, the fact that the majority of the US economy since 2000 has been based on housing, which is now dropping. All of these factors are still playing out, plus the credit crunch, US dollar dropping because of Fed inflation, are still ongoing.
Bull shit, this is not a rich area and that service is booming all over the country..They also just opened a massage spa here, FOR DOGS !! I can't help if people make poor choices and go into debt, but the truth is that is their fault.And i couldn't care less about the dollar
Wow. You are so incredibly out of touch with what is important. Lots of people do care about the dollar. If your income or assets are priced in dollars, you should be concerned. And if need to buy food and fuel, like the rest of the world does, you should be concerned that the prices are rising due to the fact that the Fed is going into hyperinflation.
And there is no way i believe that picking up dog poop is a higher paying job than most professions.
7hook,Like I said you folks don't live in the real world..This is an economy all about the service industry..I take my money and go out and spend it, and so far no one has said well maybe you better give me 10% more than I charge because you know the dollar has lost value..When I see people stop spending money on unecessary items and service, when I see unemployment reach an unexceptable level, when I see retail stores and restaurants not jammed, then I may worry a little
I don't think about the CPI or inflation because both are unimportant..Inflation is pretty easy to beat with a very few exceptions..Your problem is you over analyze everything with all these numbers and "expert" opinions
The purpose is to point to objective facts, information, and opinions of people who have more expertise than i do.
I over analyze with numbers and expert opinions?
Are you sure you have a Phd in economics?
If you do have any economics credentials, apply them to my question, rather than dodging it. To repeat - do you believe the CPI reported by the government is an accurate measure of inflation?
What I've learned is that most of what I was taught is theory and much of it is just plain wrong..You can not apply the same facts to different situations and come up with the same results..I look at things in the real world to make my assessments
But you must look at more than your local experience.
anyway, you take the opinions of 'experts' with a grain of salt, i guess you have the experience to know what's what. There is someone else who doesn't defer to the aura of 'experts' and is willing to call them to account for that activities. You will see what I mean when you watch these question sessions of Ben Bernanke.
The person i am referring to is, of course, Ron Paul.
My experience is not "local"...paul says a lot and it sounds very intelligent, but most of it doesn't really mean squat..it's like politics and sports, lots to talk about and speculate on
what I said was that there were no problems of major concern..We are in a slight downturn right now, no big deal..It will rebound to where it should be exactly as I have just describe
there's that crystal ball again, oh wait, you said its based on having a phd in economics, but wait again, you don't look at CPI or inflation (sic) because both are unimportant.
So all your economics training has proven to you that numbers which all economists believe are very important are in fact, or I should say in your opinion, completely unimportant.
I didn't buy your answer..if was tough getting to work when stations were often out of gas..We will rebound from bush's economy much faster than carters...and in all honesty, the economy is still very strong where I live..streets are packed with cars, restaurants still loaded with people, 3 new housing development going up with 300 homes apiece..3 major corporations expanding their operations, and 7 full pages of help wanted ads in the paper
So you think the global credit crisis is not important? I even gave you a quote from a nobel prize winning economist stating outright that big problems for the dollar are inevitable. Not just possible, but certain.
But you don't buy that, because your current local experience is rosy? That is an absurb position for someone of your education and experience. Maybe the trouble isn't visible to you right now, but it will be. And it will be worse than Carter's time because the dollar is at risk.
Well, I didn't mean whether or not you will make money, I meant whether the United States and the rest of the world are going into tough times. You haven't told me anything to persuade me that everything I said is off the mark, and I really believe that a person of your background would be at least curious about all this, rather than dismissing it all without reason.
But there is certainly something to be said about having an attitude as stubborn as yours.
of course the world will roll on, that will always be true. And you say you are making lots of money so you, like people on wallstreet, don't see rough times, you only see a slight drop in luxuries.
Most people are not so fortunate. I should think someone of your background would have helpful things to say, not pollyanna-like 'hide your head in the sand' pleasantries.
here's what you should post on youtube:
"I am rich and won't hurt a bit, but if you are not rich, prepare for tough times"
paul is out of touch with the way our economy works today...and even in the best economy his position on social programs would have people homeless and starving in the streets
paul is out of touch with the way our economy works today...and even in the best economy his position on social programs would have people homeless and starving in the streets
A true paultard would never believe ANY government official..the economy will rebound with the christmas 08 season and flourish again with the spring 09 housing recovery
Pajeff2, here's a quote from an economist that is in the video "the inevitable collapse of the dollar":
'USA's balance of payments deficit is so strong and irreversible, that we must accept that at some future date there will be a run against the dollar. Probably the kind of disorderly run that precipitates a global financial crisis"
The economy will begin to rebound with the 200 8Cristmas season and housing will come roaring back in Spring of 2009...Although In my area neither the economy or housing is even a problem at this time
I don't have a crystal ball..Just a PhD in economics and 40 years experience in the business world..I also have seen 3 "recessions" come and go..You think this economy is bad, go study Jimmy Carter's..I still remeber when I could only by gasoline every other day...
Nope. and the one talking about it now is a lunatic...are you sure you are a ron paul supporter ? You know if they catch you believing a government official they will toss you out of their "revolution'
Are you saying that Hank Paulson is completely wrong about possible meltdown of global finance?
I won't ask you why you believe you are correct and Paulson is wrong, but I will ask this -
Why then did he bail out the creditors of Bear Stearns (or at least work with the Fed and JPMorgan do it) if not to protect the global financial system?
Anything is "possible" but a global meltdown is highly unlikely..he bailed out steans because he knew they were a good enough company to be aquired by someone else and return to being an aset to the american economy..also to prevent panic, because panic is worse for the economy than poor results
Paulson had a career at Goldman Sachs. Bernanke also believed the Bear situation was critical to global financial system, and he was head of Economics at Princeton.
They (and JPMorgan and others) put together the Bear bailout in 48 hours when normally it would take 30 days to do this.
They were panicking. From this scare, the Fed was given powers to regulate that Business Week said is like communism.
Who was panicking, except bankers, who were thinking global meltdown?
By the way, when you describe Paulson and Bernanke and the people at JPMorgan as lunatics, are you saying they are incompetent people to be at the pinnacle of global finance?
Or do you mean that their claims of meltdown were fake and they actually had a different agenda which they did not wish to share with the public?
I mean I have been very successful financially and don't give a shit about Paulson or Bernenke..I'm not looking for someone to blame things on, that's counter productive..if I had listened to the "experts" I would have been bankrupt long ago..All this garbage is theories and they are a dime adozen
Maybe I wasn't clear. I didn't say Paulson, Bernanke and JPMorgan caused anything.
I was talking about their assessment of the situation in front of them - they were panicking about possible global financial meltdown.
And, respectfully, I would say they have at least the same education, experience, credentials and access to information as you do to make an assessment of the situation.
Today is worse than Carter's time.
And if you don't listen to 'experts' like Bernanke, why do you defend him?
The word "conspiracy" conjures up thoughts of hidden agenda and behind-the-scenes, clandestine activity. Yes, there was conspiracy in the financial sector in the 17th century. BUT! Now these assholes operate in near full daylight and nobody (at least very few) pays any attention.
It has become normal that some unregulated agency should control our currency.
I'm being nice. Thomas Jefferson would come to your house and strangle you!
Have you listened to what Paul said here? He does make it clear that what he tries to oppose is not some conspiracy but a now legitime force in politics, the one which is to represent the interest of businness organisations over public interest. (sometimes overtly, sometimes not)
It's very easy to say what you've just said, that Ron Paul voters are only a bunch of Don Quixote lunatics. (though some of them might be...) but if you listened, you would see, what he says does make sense.
Critics of Ron Paul are unfamiliar with Robert Pastor, inland ports, what the NACC is, don't know anything about Northcom or the SPP, deny nascocorridor exists and have no clue that Bilderbergers, CFR members and trilateral commission members run all the corporate media. People like this continue to do no research, remain ignorant of the basic FACTS and run their mouths about things they truly know NOTHING about.
It is these ignorant ppl surrenduring our freedoms to predatory globalists.
Transexual Economist's book The Rhetoric of Economics: "The Mathematization of Economics Was a Good Idea", but "economic modernism" took equilibrium model-building and econometrics "absurdly" too far. (Especially "existence-theorem" mathematics, and statistical significance.) Roughly speaking McCloskey wants economics to make true statements about the real world, and argues that proving the hypothetical possibility of an effect within an analytical framework is not constructive.
Then there is the RP who only has many years of real world experience on the banking committee.
The United States House Committee on Financial Services (or House Banking Committee) oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission, and other financial services regulators."
Bernanke says the Fed was formed BECAUSE unregulated markets caused constant financial crises prior to 1913. And he's man enough to concede that some Fed policies make exacerbate matters, while others help. It's a balancing act , hugely complex. Only high school economic majors like most Paultards seem to have all the answers. And RP STILL says 'let the markets decide'. Been there, dumbass, didn't work. Did you even listen?
The stability of either a gold standard or fiat monetary system rests on the "credibility" standard.
The CFR and Bilderbergers own most of the major media corporations & can lend some credibility to their own system.
But since they intend to subordinate the U.S. to their NAU, expanding their creations like the SPP, the NACC and Northcom would be helped by instability, where the NAU is offered as the "prosperity and security" SOLUTION.
They are enemies of the U.S. and are not trustworthy.
Actually free makret does work and the Fed does nothing but make situations bad. Please do some research on the Fed and what it does to money and the economy before you spout off about things you clearly know nothing about. And I would like to point out that Dr. Paul has a degree in economics.
He has read a lot austrian economics books and has taken some courses but I believe his "economics degree" you speak of was "honorary" due to his work with the banking committee and his writings.
It's a hugely complex balancing act but obviously not too complicated for a guy in a suit to figure out the "right" interest rate. Maybe we should put a guy in a suit to determine the "right" price of a hamburger too I mean how else are the little people supposed to now what hamburgers should cost?
Look at the handicapped guy at 1:36 he looks like he understands what Ron Paul is talking about. That poor girl sitting next to him is obviously annoyed the entire time, she keeps having to look at him at the corner of her eyes. Why is there a mentally handicapped man sitting behind the committee members anyway? I don't mind if he's in the audience but being behind the committee members is a huge distraction. If I was Bernanke I would have said "Congressman Paul can you repeat what you said"?
Old Uncle Ben must cringe inside everytime Ron Paul takes the mic and hopes nobody is really watchin this stuff: "Oh man...this fu*&in guy again" If you watch these videos it becomes clear Ron Paul is Bernanke's nemesis.
You don't know body language and you don't know the pantomimes when someone is lying, especially after the Clinton & Bush presidencies? There are 17 pantomimes for when someone is lying, look them up.
RP is a total liar and a hypocrite and he perverts the US Constitution.
How is it a doctor from PA, now representing Texas, knows more about economics"THE CHAIRMAN" of the most powerful bank in the world, who got his degrees in Economics from M.I.T? A High school kid with a good Economics teacher could do a better job than Uncle Ben. Could it be Helicopter Ben is this foolish and dumb? Or does he have another agenda: the deliberate and intentional devaluation of the US dollar and the destruction of the American economy? Ron Paul is the only candidate with a clue!
bachelor's degree in economics from Harvard (1975) and a PhD in economics from the Massachusetts Institute of Technology (1979). And he apparently doesnt understand the cause of inflation: the overprinting of money. The more you print the less its worth. I learned this as a senior in high school in my economics class, but maybe they dont teach that at Harvard and M.I.T.
A doctor like Ron Paul tries to find a cause to get to a cure.The cause of the economy's illness and other problems he has found to be the FED and gov ! the cure is an overhaul of monetary policy and government.We need a doctor for the cure to work !!!-DR.RON PAUL
This man Ron Paul needs to be at the very least given the Dept of Treasury responsibilities.
I am an accountant and I tell Paul being a doctor knows more about fundamental sound economics than any of the so called economists clowns out there including Benanky Panky. Go Ron Paul!!!
Ben Bernanke again taking the shot for the international bankers and the Rothschild and Rockefeller families. Seems to me Bernanke can do nothing but AGREE with Paul and then try to justify it. When will this jerkoff learn that Dr. Paul has been right on the economy for over 30 years and in fact was saying 30 years ago what would happen today. Its not like Dr. Paul is psychic, he can just read the writing on the wall and understands how different economies work. Bernanke could do with a lesson.
I'm thinking Argentina. Ben will hop in a helicopter and start throwing cash out the window. The "Economic Stimulus Package" is more or less just that.
Now that I have educated myself on the Federal Reserve and have found out who is really pulling the strings in politics (please read "Creature from Jekyll Island"), I can easily tell who is lying on television and who is being sincere.
Ron Paul is trying his best to get Bernanke to admit to some negative aspects of the Federal Reserve's actions without coming off as too inflammatory. Bernanke is trying to skirt around the issue and put words in Paul's mouth. I'm glad Dr. Paul got the last word.
I urge you all to get in the habit of taking posting the link to these kinds of Ron Paul speeches on places like Craig's List.
Craig's List is a place where EVERYONE of ALL political persuasions go. This is where these videos and our message are most effective.
Consider spending LESS time in places like MySpace, where you surround yourself with FRIENDS, and go instead to a place where total strangers can see what you have to say.
We have to stop preaching to the choir and go to newcomers.
We are paying the Federal Reserve to regulate that which will regulate naturally. So the Federal reserve keeps the profit and leaves us debt. What a racket. This needs to stop.
I will only write-in Ron Paul, unless he endorsed a third party candidate!! It's not a throw-a-way vote it is a in-your-face vote. I want to look back and say I voted my conscious not who they told me I could vote for.
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RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
democratsaresmart 6 months ago
the 5 people who don't like this video are just haters...look don't get mad because this man wants to end a banking system that has enslaved the American people for years...Inflation is a tax on the American People By The Fed...Wake Up Stop Watching Tv...Read A Book....
prafitbeats 1 year ago
who is that corn pone,wearing the red tie ,sittin be hind DR. Ron?
reginaron 2 years ago
bernanke is shite-ing his pants lol
Jacintalee24 2 years ago
estimated only 10 more years and then the money supply will grow so huge that it will lead to the final collapse of the feds and then we will move into an economy created by the venus project where money and laws will no longer exist and everyone in theory will truely be equal..... but in my opinion, just like any other revolutionary ideas there will be some way that is not seen on paper for a couple of power hungry bastards to get in control and all this bullshit will start all over again
2012isnear 3 years ago 2
To see what happens when a banking system collapses, look no further than Iceland. Iceland's no banana republic -- in 2007, the United Nations called it the most developed country in the world. But in October, the country's banking system collapsed.
As a result, Iceland's currency has lost about half its value. Inflation is now 18.6% and rising. The central bank's interest rate is 18%. Unemployment has quadrupled. The stock market is down 90% since the end of September. It's ugly.
boruone77 2 years ago
"we've given up on the republic, freedom and sound money".
That pretty much sums it up. Once again, Ron Paul is a prophet. Does anyone else in washington have a clue?
By the way, we just elected a guy who will EXPAND the government, and RAISE taxes. Are we stupid or what?
disciple90633 3 years ago
No the people are not stupid. It is that the people only had (in the end) two people to pick from.
The People of the USA need to change the picking process of the election. It kinda sucks, but that's the main issue.
linux23dragon2008 3 years ago
This video should of been on the front page of YT
b6gm6n 3 years ago
What a bizarre character in the background, where they pick this guy up from out front a pub or something, The girl in the background just looks like she stepped out of
preyator 3 years ago
university, typical education confused to which ways up or down and left an right.I wonder why they would put the oddities behind Ron paul? Well I spouse it'd make for fantastic TV viewing.
preyator 3 years ago
I see the posts.. BLAH BLAH BLAH BLAH BLAH, Yes indeed I agree, very interisting I see your point...You should be listining very intently with a sense of urgency, I would like to say wake up you stupid fucking peons! but your not going to, so you just concentrate and keep busy on building your precipice.
preyator 3 years ago
Hahaha!! Wow, I'm a little late to the show, but I strongly recommend reading the whole interaction between 7Hook and pajeff2. I'd call it a debate, but it was more like a lecture.
Pajeff2 is either full of sh** and trying to make himself sound important so that someone might actually listen to his vain insults of Ron Paul, or he really IS an economist, in which case we're all in way more trouble than I thought.
Preach on 7Hook!!
jjreilly2 3 years ago
DEEP DOWN, BEN BERNANKE LOVES RU PAUL!
garyowen4ever 3 years ago
they spelled him as "ron pauk"
theatheisthand 3 years ago
should have been Ron Puke
onevoiceofreasons 3 years ago
Business wishes government to stay out of business...I think business should also stay out of our government (the government that is supposed to represent the people). Business, answers to no one. At least government is (or should be) accountable to the people.
feminine16335 3 years ago
Accountability is needed at the Fed. it is neither business or government, and it isn't capitalist. But the Fed, along with wall street banks have done trillions of dollars of harm to the US and the rest of the world. The damage isn't totally visible yet, but it has started to appear - eg food and oil prices, worries about famine...
7Hook 3 years ago 2
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paul is the most anti-american person on the planet..to him everything is wrong with this country..he thinks he's right on everything. voters have spoken in the primaries and said we are wise to you and your constant tearing down of America..we are not getting rid of the institutions and social programs you want and we are not cutting and running from iraq. we are not letting druggies out of prison so they can get high, hop in a car, and run over our kids while they wait at the school bus stop
onevoiceofreasons 3 years ago
the market is up another 200 today..So much for paul's silliness..and no one gives a shit about the fed
pajeff2 3 years ago
Dollar hits new low against the Euro..
oil hits a new all time high - above $114..
start concerning yourself with the fed and its activities, like lots of other people do.....the writing is on the wall..
7Hook 3 years ago 2
yes, paul has been saying that too, for about 10 years now .and it's tomorrow and then tomorrow and then tomorrow, ad nauseum
onevoiceofreasons 3 years ago
"dollar hits new low"
"oil hits new high"
expect to see these headlines tomorrow and then tomorrow, and then again, and so on...
7Hook 3 years ago
OMG!!! LMAO just keep watching that crap and having your mind controled buddy
souljahmahn420 3 years ago
souljahmahn420, you have not a clue - unless your comment was aimed at pajeff2 and onevoiceofreasons, then you are right on the mark.
7Hook 3 years ago
My bad 7 hook. Dats exactly who im talking to!! Pajeff2 and others like him need to GET EDUCATED!! i cant believe my eyes when i see how ignorant people can be
souljahmahn420 3 years ago
You have 60 years experience in the real world (before you were saying 40 years, but anyway), in that time you saw the US dollar switch from gold backed to sort of fiat and sort of hydrocarbon backed. You have no opinion on fiat currency, but can you point out any interesting results from that switch? Such as how the value of the dollar has changed?
7Hook 3 years ago
Y do you people pay attention to mainstream media??????!!!!!!!!!!!!! LMAO
souljahmahn420 3 years ago
paul would devastate the working class. Paul supports abolishing the Federal minimum wage, has introduced legislation to repeal OSHA, and would deal devastating blows to Social Security . He has also sponsored legislation seeking to repeal the Davis-Bacon Act and the Copeland Act which provide that contractors for the federal government must provide the prevailing wage and prohibits corporate "kick backs."
pajeff2 3 years ago
ron paul is a pimple on the ass of progress..I've never seen anyone more Anti-American
pajeff2 3 years ago
What about Jim Rogers, he's predicting trouble for America, and he also wants to eliminate the Fed. I guess you think he's anti american too?
7Hook 3 years ago
Rogers is a nut of ron paul proportions
pajeff2 3 years ago
shows what you know
7Hook 3 years ago
7hook, I have a PhD in economics..But I look at key indicators in the real economy..Example, when my neighbor starts making less than $150,000 a year I will worry..What does he do for a living ? he cleans dog shit out of peoples yards on a weekly basis..yep, people are really hurting !! ROFL
pajeff2 3 years ago
I too am rolling on the floor laughing at your comment. Your neighbor should be very proud, however, that is not really a valid economic indicator, more anecdotal, which academics consider very unreliable.
Speaking of indicators, do you believe the CPI as reported by the government is an accurate measure of inflation?
7Hook 3 years ago
7hook, it's quite valid, or do you consider having dog poop removed from your yard something you couldn't do yourself to save money..that's as clear a sign as all the restaurants being packed that people are NOT hurting
pajeff2 3 years ago
It's still anecdotal. That kind of job could only exist in a very rich area. it is a tiny niche job. More important numbers are how many people have large credit card debt, are underwater in the mortgage, have moved from high paying jobs to lower paying jobs, the fact that the majority of the US economy since 2000 has been based on housing, which is now dropping. All of these factors are still playing out, plus the credit crunch, US dollar dropping because of Fed inflation, are still ongoing.
7Hook 3 years ago
Bull shit, this is not a rich area and that service is booming all over the country..They also just opened a massage spa here, FOR DOGS !! I can't help if people make poor choices and go into debt, but the truth is that is their fault.And i couldn't care less about the dollar
onevoiceofreasons 3 years ago
You couldn't care less about the dollar?
Wow. You are so incredibly out of touch with what is important. Lots of people do care about the dollar. If your income or assets are priced in dollars, you should be concerned. And if need to buy food and fuel, like the rest of the world does, you should be concerned that the prices are rising due to the fact that the Fed is going into hyperinflation.
And there is no way i believe that picking up dog poop is a higher paying job than most professions.
7Hook 3 years ago 2
7hook,Like I said you folks don't live in the real world..This is an economy all about the service industry..I take my money and go out and spend it, and so far no one has said well maybe you better give me 10% more than I charge because you know the dollar has lost value..When I see people stop spending money on unecessary items and service, when I see unemployment reach an unexceptable level, when I see retail stores and restaurants not jammed, then I may worry a little
onevoiceofreasons 3 years ago
you don't live in the real world.
you didn't answer my question about the CPI - do you believe it accurately measures inflation?
7Hook 3 years ago
I don't think about the CPI or inflation because both are unimportant..Inflation is pretty easy to beat with a very few exceptions..Your problem is you over analyze everything with all these numbers and "expert" opinions
pajeff2 3 years ago
The purpose is to point to objective facts, information, and opinions of people who have more expertise than i do.
I over analyze with numbers and expert opinions?
Are you sure you have a Phd in economics?
If you do have any economics credentials, apply them to my question, rather than dodging it. To repeat - do you believe the CPI reported by the government is an accurate measure of inflation?
7Hook 3 years ago
What I've learned is that most of what I was taught is theory and much of it is just plain wrong..You can not apply the same facts to different situations and come up with the same results..I look at things in the real world to make my assessments
onevoiceofreasons 3 years ago
But you must look at more than your local experience.
anyway, you take the opinions of 'experts' with a grain of salt, i guess you have the experience to know what's what. There is someone else who doesn't defer to the aura of 'experts' and is willing to call them to account for that activities. You will see what I mean when you watch these question sessions of Ben Bernanke.
The person i am referring to is, of course, Ron Paul.
So you and Paul have something in common.
I respect that.
7Hook 3 years ago
My experience is not "local"...paul says a lot and it sounds very intelligent, but most of it doesn't really mean squat..it's like politics and sports, lots to talk about and speculate on
onevoiceofreasons 3 years ago
are you for or against fiat currency?
7Hook 3 years ago
neither
pajeff2 3 years ago
you started off saying the economy will rebound in Christmas 2008. now you say you don't see any signs of problems. What gives?
7Hook 3 years ago
what I said was that there were no problems of major concern..We are in a slight downturn right now, no big deal..It will rebound to where it should be exactly as I have just describe
pajeff2 3 years ago
there's that crystal ball again, oh wait, you said its based on having a phd in economics, but wait again, you don't look at CPI or inflation (sic) because both are unimportant.
So all your economics training has proven to you that numbers which all economists believe are very important are in fact, or I should say in your opinion, completely unimportant.
very interesting.
7Hook 3 years ago
No, I said I have a PhD in economics but I make most my assesments from what I've seen in my 60 years in the real world
pajeff2 3 years ago
Compared to Jimmy Carter's economy, Bush's is a walk in the park..paul is a nut !!
pajeff2 3 years ago
I have already explained to you how you are wrong.
7Hook 3 years ago
I didn't buy your answer..if was tough getting to work when stations were often out of gas..We will rebound from bush's economy much faster than carters...and in all honesty, the economy is still very strong where I live..streets are packed with cars, restaurants still loaded with people, 3 new housing development going up with 300 homes apiece..3 major corporations expanding their operations, and 7 full pages of help wanted ads in the paper
onevoiceofreasons 3 years ago
So you think the global credit crisis is not important? I even gave you a quote from a nobel prize winning economist stating outright that big problems for the dollar are inevitable. Not just possible, but certain.
But you don't buy that, because your current local experience is rosy? That is an absurb position for someone of your education and experience. Maybe the trouble isn't visible to you right now, but it will be. And it will be worse than Carter's time because the dollar is at risk.
7Hook 3 years ago
it's important, but not critical,,And NO, I don't believe that economist
pajeff2 3 years ago
Why don't you believe that economist? Afterall, you argue that the economists are the ones who know what is happening to the economy.
What economist shares your outlook?
Another element to factor into your economic outlook is potential famine from the use of food for fuel.
7Hook 3 years ago
Donald Trump
pajeff2 3 years ago
I googled him, found his Trump Blog at Trump University, and the second article, from April 10, 2008, is titled:
"Investing in Foreign Bonds Hedges Against Falling Dollar"
So, Even Trump University recognizes the dollar is at risk.
Got any other names?
7Hook 3 years ago
Nope, Donald Trump, because like me, he makes money no matter what..That's my kind of economics
pajeff2 3 years ago
Well, I didn't mean whether or not you will make money, I meant whether the United States and the rest of the world are going into tough times. You haven't told me anything to persuade me that everything I said is off the mark, and I really believe that a person of your background would be at least curious about all this, rather than dismissing it all without reason.
But there is certainly something to be said about having an attitude as stubborn as yours.
7Hook 3 years ago
relax 7hook, you worry to much..we have had slow periods before and yet the world rolls on
pajeff2 3 years ago
of course the world will roll on, that will always be true. And you say you are making lots of money so you, like people on wallstreet, don't see rough times, you only see a slight drop in luxuries.
Most people are not so fortunate. I should think someone of your background would have helpful things to say, not pollyanna-like 'hide your head in the sand' pleasantries.
here's what you should post on youtube:
"I am rich and won't hurt a bit, but if you are not rich, prepare for tough times"
7Hook 3 years ago
paul is out of touch with the way our economy works today...and even in the best economy his position on social programs would have people homeless and starving in the streets
onevoiceofreasons 3 years ago
paul is out of touch with the way our economy works today...and even in the best economy his position on social programs would have people homeless and starving in the streets
pajeff2 3 years ago
pajeff2, another person who does not agree with your Polyanna outlook on the economy is David Walker, copmtoller General of the United States.
Watch some of his videos and you will learn your rosy outlook is not realistic.
7Hook 3 years ago
A true paultard would never believe ANY government official..the economy will rebound with the christmas 08 season and flourish again with the spring 09 housing recovery
onevoiceofreasons 3 years ago
hello onevoiceofreasons, be aware that your Polyanna outlook is not realistic.
Watch something by David Walker to get an explanation of the size of the problem, especially around unfunded future liabilities.
7Hook 3 years ago
what is a paultard?
7Hook 3 years ago
Pajeff2, here's a quote from an economist that is in the video "the inevitable collapse of the dollar":
'USA's balance of payments deficit is so strong and irreversible, that we must accept that at some future date there will be a run against the dollar. Probably the kind of disorderly run that precipitates a global financial crisis"
Dr. Paul A. Samuelson in 2005
Noble prize winner in Economics
Check my favorites for the video, at 0:29.
7Hook 3 years ago
The economy will begin to rebound with the 200 8Cristmas season and housing will come roaring back in Spring of 2009...Although In my area neither the economy or housing is even a problem at this time
pajeff2 3 years ago
I wish I had a crystal ball that tells me the future like you do.
Green7Hornet 3 years ago
I don't have a crystal ball..Just a PhD in economics and 40 years experience in the business world..I also have seen 3 "recessions" come and go..You think this economy is bad, go study Jimmy Carter's..I still remeber when I could only by gasoline every other day...
pajeff2 3 years ago
in Carter's economy, was the Treasury secretary talking about risk of collapse of the entire global financial system?
Green7Hornet 3 years ago
Nope. and the one talking about it now is a lunatic...are you sure you are a ron paul supporter ? You know if they catch you believing a government official they will toss you out of their "revolution'
pajeff2 3 years ago
I don't understand.
Are you saying that Hank Paulson is completely wrong about possible meltdown of global finance?
I won't ask you why you believe you are correct and Paulson is wrong, but I will ask this -
Why then did he bail out the creditors of Bear Stearns (or at least work with the Fed and JPMorgan do it) if not to protect the global financial system?
7Hook 3 years ago
Anything is "possible" but a global meltdown is highly unlikely..he bailed out steans because he knew they were a good enough company to be aquired by someone else and return to being an aset to the american economy..also to prevent panic, because panic is worse for the economy than poor results
pajeff2 3 years ago
Paulson had a career at Goldman Sachs. Bernanke also believed the Bear situation was critical to global financial system, and he was head of Economics at Princeton.
They (and JPMorgan and others) put together the Bear bailout in 48 hours when normally it would take 30 days to do this.
They were panicking. From this scare, the Fed was given powers to regulate that Business Week said is like communism.
Who was panicking, except bankers, who were thinking global meltdown?
7Hook 3 years ago
By the way, when you describe Paulson and Bernanke and the people at JPMorgan as lunatics, are you saying they are incompetent people to be at the pinnacle of global finance?
Or do you mean that their claims of meltdown were fake and they actually had a different agenda which they did not wish to share with the public?
7Hook 3 years ago
I mean I have been very successful financially and don't give a shit about Paulson or Bernenke..I'm not looking for someone to blame things on, that's counter productive..if I had listened to the "experts" I would have been bankrupt long ago..All this garbage is theories and they are a dime adozen
pajeff2 3 years ago
Maybe I wasn't clear. I didn't say Paulson, Bernanke and JPMorgan caused anything.
I was talking about their assessment of the situation in front of them - they were panicking about possible global financial meltdown.
And, respectfully, I would say they have at least the same education, experience, credentials and access to information as you do to make an assessment of the situation.
Today is worse than Carter's time.
And if you don't listen to 'experts' like Bernanke, why do you defend him?
7Hook 3 years ago
paul's problem is like his upporters he thinks everything is some sort of conspiracy..he is still living in the 17th century..What a crackpot !!
pajeff2 3 years ago
pajeff,
The word "conspiracy" conjures up thoughts of hidden agenda and behind-the-scenes, clandestine activity. Yes, there was conspiracy in the financial sector in the 17th century. BUT! Now these assholes operate in near full daylight and nobody (at least very few) pays any attention.
It has become normal that some unregulated agency should control our currency.
I'm being nice. Thomas Jefferson would come to your house and strangle you!
wetalmorker 3 years ago
Have you listened to what Paul said here? He does make it clear that what he tries to oppose is not some conspiracy but a now legitime force in politics, the one which is to represent the interest of businness organisations over public interest. (sometimes overtly, sometimes not)
It's very easy to say what you've just said, that Ron Paul voters are only a bunch of Don Quixote lunatics. (though some of them might be...) but if you listened, you would see, what he says does make sense.
taxemzott 3 years ago
exactly its like the industrial revolution never happened hes a kook so are his supporters
revengeofcleveland 3 years ago
Critics of Ron Paul are unfamiliar with Robert Pastor, inland ports, what the NACC is, don't know anything about Northcom or the SPP, deny nascocorridor exists and have no clue that Bilderbergers, CFR members and trilateral commission members run all the corporate media. People like this continue to do no research, remain ignorant of the basic FACTS and run their mouths about things they truly know NOTHING about.
It is these ignorant ppl surrenduring our freedoms to predatory globalists.
blahinhawaii 3 years ago
Transexual Economist's book The Rhetoric of Economics: "The Mathematization of Economics Was a Good Idea", but "economic modernism" took equilibrium model-building and econometrics "absurdly" too far. (Especially "existence-theorem" mathematics, and statistical significance.) Roughly speaking McCloskey wants economics to make true statements about the real world, and argues that proving the hypothetical possibility of an effect within an analytical framework is not constructive.
(continued)
blahinhawaii 3 years ago
Then there is the RP who only has many years of real world experience on the banking committee.
The United States House Committee on Financial Services (or House Banking Committee) oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission, and other financial services regulators."
blahinhawaii 3 years ago
Bernanke says the Fed was formed BECAUSE unregulated markets caused constant financial crises prior to 1913. And he's man enough to concede that some Fed policies make exacerbate matters, while others help. It's a balancing act , hugely complex. Only high school economic majors like most Paultards seem to have all the answers. And RP STILL says 'let the markets decide'. Been there, dumbass, didn't work. Did you even listen?
perohy 3 years ago
The Fed and all people associated with it do only two things:
Print money and tell fairy tales to adults.
Green7Hornet 3 years ago 3
The stability of either a gold standard or fiat monetary system rests on the "credibility" standard.
The CFR and Bilderbergers own most of the major media corporations & can lend some credibility to their own system.
But since they intend to subordinate the U.S. to their NAU, expanding their creations like the SPP, the NACC and Northcom would be helped by instability, where the NAU is offered as the "prosperity and security" SOLUTION.
They are enemies of the U.S. and are not trustworthy.
blahinhawaii 3 years ago
Actually free makret does work and the Fed does nothing but make situations bad. Please do some research on the Fed and what it does to money and the economy before you spout off about things you clearly know nothing about. And I would like to point out that Dr. Paul has a degree in economics.
acosenza2 3 years ago
He has read a lot austrian economics books and has taken some courses but I believe his "economics degree" you speak of was "honorary" due to his work with the banking committee and his writings.
blahinhawaii 3 years ago
It's a hugely complex balancing act but obviously not too complicated for a guy in a suit to figure out the "right" interest rate. Maybe we should put a guy in a suit to determine the "right" price of a hamburger too I mean how else are the little people supposed to now what hamburgers should cost?
thomasw78 3 years ago
I wish Ron Paul was running for President...........oh that's right he was and HE LOST !!!!!!
sylvanb 3 years ago
He hasn't lost. He is actually still in the race and picking up substantial delegates. Don't speak until you do the research.
acosenza2 3 years ago
Watch the youtube video "Why Ron Paul did not win the Florida Primary"
It's pretty funny. Then watch my video called "globalist controlled media" which is more sad than funny.
blahinhawaii 3 years ago
Look at the handicapped guy at 1:36 he looks like he understands what Ron Paul is talking about. That poor girl sitting next to him is obviously annoyed the entire time, she keeps having to look at him at the corner of her eyes. Why is there a mentally handicapped man sitting behind the committee members anyway? I don't mind if he's in the audience but being behind the committee members is a huge distraction. If I was Bernanke I would have said "Congressman Paul can you repeat what you said"?
JackKovack 3 years ago
that was brilliant
manasl 3 years ago 3
watch?v=1jS9f5R8fb4
bigceez4 3 years ago
not a working URL
selfTrust 3 years ago
Old Uncle Ben must cringe inside everytime Ron Paul takes the mic and hopes nobody is really watchin this stuff: "Oh man...this fu*&in guy again" If you watch these videos it becomes clear Ron Paul is Bernanke's nemesis.
mahavira108 3 years ago 3
watch?v=1jS9f5R8fb4
bigceez4 3 years ago
yeah chairman Bernanke show the idiots who follow communists what is Real economics.
well done job Bernanke, love your calm and smile.
keep the good work
topmann99 3 years ago
Right at the 2 minute mark he rubbed his nose is when he lied through his teeth.
dustynbones 3 years ago
You're an idiot. Plain and simple.
404ErrorNotfound 3 years ago
You don't know body language and you don't know the pantomimes when someone is lying, especially after the Clinton & Bush presidencies? There are 17 pantomimes for when someone is lying, look them up.
RP is a total liar and a hypocrite and he perverts the US Constitution.
dustynbones 3 years ago
Don't Judge or you May Be Judge 2 times worse! "let he who is without sin, cast the first stone" God Bless
Budvb 3 years ago
How is it a doctor from PA, now representing Texas, knows more about economics"THE CHAIRMAN" of the most powerful bank in the world, who got his degrees in Economics from M.I.T? A High school kid with a good Economics teacher could do a better job than Uncle Ben. Could it be Helicopter Ben is this foolish and dumb? Or does he have another agenda: the deliberate and intentional devaluation of the US dollar and the destruction of the American economy? Ron Paul is the only candidate with a clue!
mahavira108 3 years ago 2
MIT or Princeton?
trublu97 3 years ago
bachelor's degree in economics from Harvard (1975) and a PhD in economics from the Massachusetts Institute of Technology (1979). And he apparently doesnt understand the cause of inflation: the overprinting of money. The more you print the less its worth. I learned this as a senior in high school in my economics class, but maybe they dont teach that at Harvard and M.I.T.
mahavira108 3 years ago 3
Yes, but if you spend US dollars in the US and buy goods here in the US, the measure of what the dollar buys is stable.
No, really.
The other shoe to drop is when the tax receipts fall off a cliff and deficits explodes. So, we got that to look forward to.
trublu97 3 years ago
why does his name tag say Mr. Paul and not Dr. Paul?
burdman110 3 years ago
Ron Paul is such a great man.
Honest, right on the problem, I like him a lot !
kevinz1985 3 years ago 3
This comment has received too many negative votes show
Ron Paul is such a little turd.
lrlbox21 3 years ago
lrlbox21 is a big turd. :)
rumble77 3 years ago 2
why ?
He's one of the only congressman voting against bills like Patriot Act and you don't thank him ?
You don't care about your liberties ?
kevinz1985 3 years ago 2
A doctor like Ron Paul tries to find a cause to get to a cure.The cause of the economy's illness and other problems he has found to be the FED and gov ! the cure is an overhaul of monetary policy and government.We need a doctor for the cure to work !!!-DR.RON PAUL
cincinnatusnow 3 years ago 4
he,s spot on
dlp5139 3 years ago 2
This man Ron Paul needs to be at the very least given the Dept of Treasury responsibilities.
I am an accountant and I tell Paul being a doctor knows more about fundamental sound economics than any of the so called economists clowns out there including Benanky Panky. Go Ron Paul!!!
mlagares 3 years ago 7
The headline says Rep. Ron Puak, WTF? Great job standing up to the man Ron Paul!
b5thomas7 3 years ago
Ron Paul is a HERO!!
I am an east indian and I put him close to next to Gandhi!
Please ppl, do not note vote for War, Spending, or Fascism.
NonInterventionist 3 years ago 7
5:30
Bernanke says the words, "government spending during wars," as if he read it in a textbook.
7:20
LOL ron pwns again
fornello123 3 years ago
the market determining interest rates?! who ever thought of such nonsense!
shroomingnewman 3 years ago
right?
mlagares 3 years ago
Ron Paul is the man!!!
Write him in. That's all we have to do.
cmanw 3 years ago 7
Thaaat's what I'm going to do.
tylerdurden246 3 years ago
Ben Bernanke again taking the shot for the international bankers and the Rothschild and Rockefeller families. Seems to me Bernanke can do nothing but AGREE with Paul and then try to justify it. When will this jerkoff learn that Dr. Paul has been right on the economy for over 30 years and in fact was saying 30 years ago what would happen today. Its not like Dr. Paul is psychic, he can just read the writing on the wall and understands how different economies work. Bernanke could do with a lesson.
purechaos2000 3 years ago 2
The Fed is auctioning 75B of treasuries each week to investment banks, who can turn in CDOs, which are questionable value, as collateral.
The stimulus package will give Americans about 150B in total.
So every 2 weeks the banks get the same amount that Americans get in total.
The stimulus package is a crumb to make Americans think they are being helped as much as the banks.
Green7Hornet 3 years ago
the chick in the back is kind of cute
Hypnotastic 3 years ago
Ben got pwned.
Voidka 3 years ago 2
Ron Pauk? They can't even spell his name right, a-holes..
hoffeyhoff 3 years ago
Paul is right: the fed has facilitated the merger of government and commerce at the expense of our civil liberties.
columbusclipper 3 years ago 3
USA is going to finish the same way Japan did. 0% interest rates, slow few year recession and then it's going to take decades to recover from it.
tommylodz2004 3 years ago
Maybe, maybe not. Have some hope, for what's the sake of living without it?
columbusclipper 3 years ago
I'm thinking Argentina. Ben will hop in a helicopter and start throwing cash out the window. The "Economic Stimulus Package" is more or less just that.
BlueEagle8 3 years ago
is the guy to the left behind Paul a retard? Just watch him move around.
eydaimon 3 years ago 4
mabie...or he has ADD
EMan240Z 3 years ago
good eye
EnveeH2 3 years ago
maybe he is on the president's "working group"
underaserpentsun 3 years ago
I watched the clip again, and you're right. Or maybe he's just sleepy. Look retarded anyway.
grwizy 3 years ago
Ben you fool
freekrolik 3 years ago 3
Now that I have educated myself on the Federal Reserve and have found out who is really pulling the strings in politics (please read "Creature from Jekyll Island"), I can easily tell who is lying on television and who is being sincere.
Ron Paul is trying his best to get Bernanke to admit to some negative aspects of the Federal Reserve's actions without coming off as too inflammatory. Bernanke is trying to skirt around the issue and put words in Paul's mouth. I'm glad Dr. Paul got the last word.
dwizzlstiks 3 years ago 6
I urge you all to get in the habit of taking posting the link to these kinds of Ron Paul speeches on places like Craig's List.
Craig's List is a place where EVERYONE of ALL political persuasions go. This is where these videos and our message are most effective.
Consider spending LESS time in places like MySpace, where you surround yourself with FRIENDS, and go instead to a place where total strangers can see what you have to say.
We have to stop preaching to the choir and go to newcomers.
VoteLiberty 3 years ago
people wake up or we will ALL be like the guy on the left of Dr Ron Paul.( America,s HERO!!!!)
katsfanman 3 years ago
YouTube is always slow to load when embedded on DailyPaul.
AkoyPinoy2 3 years ago
We are paying the Federal Reserve to regulate that which will regulate naturally. So the Federal reserve keeps the profit and leaves us debt. What a racket. This needs to stop.
Flohoff 3 years ago 4
purposeful destruction of currency to lend a path towards new systems and new rules...
halberkstresser 3 years ago 5
thank you Dr. Paul!!for fighting for us!
retep557 3 years ago 5
ron paul makes john mccain look like a 3rd grader
jthongb4ker 3 years ago 14
Did anyone notice at 46 seconds they miss spell Ron Paul's name?
jonstew1455 3 years ago 6
I will write in Ron Pauk too!!!!
Thank you Dr. Paul! You truley have the people in mind. We the people!
matrixxx123456789 3 years ago 2
When will you wake up and realize this man is trying to save you freedom, America?
bootme21 3 years ago 8
I'm awake brother!!
I will only write-in Ron Paul, unless he endorsed a third party candidate!! It's not a throw-a-way vote it is a in-your-face vote. I want to look back and say I voted my conscious not who they told me I could vote for.
OctoBox 3 years ago 15
that's my plan too
bootme21 3 years ago 5