Gold versus Discretion: Ron Paul Debates Charles Partee

[awholtzapple]

Ben Bernanke disliked this video.

[SR71M]

AHHHHH UHHHHHHH AAAAAAAAAAH UHHHHHHHHHHHHHHHHH, what a douche

[ThePonchoVilla]

Has anyone counted the number of times Mr. Partee says the word "uh" ?

[marcdaddy33]

WOW.... I've never heard Ron Paul sound so PASSIONATE.

If he were 30 years younger, speaking like this, he would be a shoe in.

[IBloodSweatTears]

@marcdaddy33 He is still VERY ELOQUENT till this day, maybe not as sharp as he used to be, but who would be? He has forgotten more about economics that 97 percent of the people in this country know.

[LiNGiE]

This pro-Fed guy is the worst public speaker I have ever heard. Holy christ mustard is he awful. "AHHHHH...sentence" "UHHHHHH...sentence AHHHHHHH UHHHHH" Unbelieveably annoying especially after a smooth and cogent Dr. Paul. 

[evangrogers]

This is Paul in his finest. I wish there were more videos where his youth bolstered his spirit.

His age now proves his conviction, but, here, his youth gives flare to his debating points.

[SwiftyMorgun1]

Thank You For Posting This.

I am becoming a big fan of Ron Paul, 2012

[Pdrum2]

@SwiftyMorgun1 I hear he really is running for candidate

[saturnined]

@SwiftyMorgun1 Check out Blue Republican on Facebook, Swifty. It's Democrats, Liberals, and Independents who are gong to hold their nose, register republican, for one time only, in order to get Paul elected in the GOP primary, to defeat Obama, and by extension, Bush.

We are going to beat this duopoly party system at their own game!!

[saturnined]

@saturnined I might add not just a few fed-up neo-cons, just that they are already registered republican.

[saturnined]

I misspoke a/b the FED's inexorable 'failure'. It depends on ones pt of view: theirs/ ours. If you believe they schemed this financial coup d'etat 100 yrs ago on Jekyll Isl., as I do, then I wld hv to call it their inexorable success. Plus, our country's practiced too long what Aesop observed over 2k yrs ago:"We send the petty thieves to prison&promote the good ones to high office" (Well, the CFR does) WE electing Paul in'12 wld be like sending a msg to DC on the wave of a tsunami.

[turster]

@saturnined Are you a fucking court stenographer? Use fucking words you goddamn idiot!

[saturnined]

@turster Hmm, stenographer or  foul-mouth cretin? I'll take stenographer any day, Turdster.

[saturnined]

Well, there u hv it constituents.Partee blames U! Not the FED-nor ur elected Kleptocrats. U wanted a house;sent ur kids to college where they got 5+ cr. cards; started a business-they misrepresented,committed a lit'l fraud to loan u the money which they got at the 'window' for free-cldn't help themselves-they care!-& to their own detriment no less! S'why EV/ONE happily bailed 'EM out. I know some of U didn't hv any debt, but Hey, Smile! NWO's gotta hv slaves-but its called doin' God's work now!

[saturnined]

PoppyCock, Partee. 10m now into ur diatribe:"how WE have to" "how this has to"&"WE might have a problem if". It's that WE part, Mr. Partee which Paul's addressing& their inexorable failure.U lecture Paul on what polit'ians&their constituents shd'v/wld'v like he's a freshman Kleptocrat@ur beck&call-like ev/1 knos a/b the FED. U fraud. U sweat&stutter the dance of Orwellian popcoc(Greenspan:1Confound 2Run!) Paul deserves better than U."Never saw politics played betw Gov&Fed" isn't popcoc, it's#!

[twk373]

It's awesome seeing Ron Paul as a young guy...but also a little depressing.

[merrimac291]

I miss the 80s (sigh)

[robertwc82]

what? bankers did not come into existence as a solution to the need for more money. they came about as a response to theft. if you want to protect your money from thieves, you put it in a vault. if you did not own a vault, you pay someone else to keep it in theirs

[robertwc82]

when he says "expands" over time is he talking about physical quantity?

[bratlert]

Yeah.. Ron definitely won that. Uhhhh... uhh... uh...

[jpschubbs]

Great camerawork fellas.

[helpendthefed]

Gold Standard isn't the answer: /watch?v=uMz_tm5NGsE We want the govt to issue non debt backed currency. END THE FED!

[twk373]

@helpendthefed

Gold is not a "debt backed" currency.

[ACDC7369]

the audience rapes partee at the end

[ERS86]

If Charles says "uh" one more time I'm going to lose my freaking mind!!! I don't think I'll make it all the way through his speaking section. . .

[guitmarc54]

MY Hero! I love this mans Mind! I hope theMasses the fools... wise up...and

Turn Off American IDOL....

[gallatin001]

Looking back, RP appears prophetic. This video needs to go viral.

[MiamiRSVP]

Intense video.

[rumco]

Money is a medium of indirect exchange, it does not matter how much of it there is. Prices expressed in money adjust to its volume. Partee is an ignorant statist.

[MIT2004]

This guy is an idiot, im referring to the fat guy. God how i wish Ron Paul was this age now so that he could have won 2008 election. Ron Paul 2012

[mattbaldea]

@MIT2004 what does age have to do with it

[MIT2004]

@mattbaldea ahhh in this country EVERYTHING. duh you need to get with the program son. ALthough i do agree with you about age having to do with anything, this is how america works, unfortunately

[thefredsays]

its easy to like these ideas, but the gold standard puts power in the hands of the corporations that print paper money. Imagine going to bank and find out that the bank failed because it issued too much money based on its gold reserves. Its called a bank run.

[vincentca2004]

@thefredsays There would be a 100% reserve banking and the free market would in time get rid of the banks frauding their customers and if that would be the case, they would be put in jail under a real republic and not a banana republic.

[thefredsays]

@vincentca2004 that would be deflationary and actually create unemployment from hoarding of money. Thats a terrible economic policy, capitalism needs credit to run. Why would anyone buy stock.

[DigitalShaolin]

@thefredsays You can still have loans with a 100% reserve bank. Also hoarding of money won't effect the overall economy.

[thefredsays]

ron paul wants to usher in a new guilded age. Money supply out of control.

[Fike2308]

I wonder where we'd be today if Ron Paul had been elected as President in 1988.

[razerfish]

nechee makes no sense. Austrians saw the financial bubble (your words) but missed the housing bubble? As if they're part of the same event? Check out Peter Schiff if you think the housing crises was missed by Austrians. Austrians identified the bubble and explained the steps that it would unfold. Some even predicted the governments response and have predicted the fallout from that action is bound to happen.

[killerbee2k]

Haha I love the young Ron Paul, he uses Cicerian rethoric as if he was Marcus T. Cicero himself, this is awesome! Thanks for upload

[killerbee2k]

Haha I love the young Ron Paul, he uses Cicerian rethoric as if he was Marcus T. Cicero himself, this is awesome! Thanks for upload

[stater68]

Partee reminds me of Gust Avrokados from Charlie Wilson's war

[KamikazeKoscki]

Ron paul the freeman who represents the devil!

[mandore100]

@KamikazeKoscki have you seen the devil ?. if yes, only a devil recognize a devil .....

[KamikazeKoscki]

@mandore100 Good always is able to see the evil in the crooks, especially after having to drag their cowardly asses into court. The New World Order is smart, and they will bribe millions of people that is how they manage to pull off ww1, ww2, the debt bombs and soon ww3. Ron Paul is a freemason, anothe shill for the NWO!

[syghur]

Also, damn Ron Paul is young here.

[syghur]

Of course the Austrian perspective predicted the housing bust. When you artificially lower interest rates you promote lending. Lending in turn creates more money in the system. Without the actual resources to back the created currency the only logical conclusion is a bust. Doesn't matter what the resource is that you're over extending. Any credit boom created by artificially low interest will result in a contraction. Cause and effect. It's been proven time and again throughout history.

[stater68]

What the hell?

[gwho]

look into ron paul's affiliation with those organizations.

[chaseef]

I admittedly lean towards the gold side of the debate; but I was very interested by the point Mr. Partee made at 32:00

I would like to hear how the folks over at the Mises institute would respond to that.

Excellent debate by the way. This is one of my favorite misesmedia vids.

[hoodoo961]

Gold bugs have been predicting monetary disaster for decades. And no, we have NOT been the recipients of a monetary disaster, we experienced a financial disaster. Gold is a barbarous relic, as Keynes said. Read the General Theory.

[neechee1]

"Decades" is like seconds in the arc of human history.

[hoodoo961]

And this financial crisis and recession will be footnotes in that history.

[neechee1]

You either missed my point or intentionally changed the subject. Very wishy washy thinking.

[hoodoo961]

No, the point is that Austrians claim to have predicted this crisis, when in fact they predicted a monetary crisis, not a housing crisis or a problem with the shadow banking system. They just squawked disaster about the monetary system, and then saw a financial crisis and jumped on it as a source of vindication for their fringe views. A lot of this confusion stems from not understanding the words "monetary" from "financial."

[neechee1]

You should stop making arcane distinctions and buy yourself some gold. It's up $20 today.

[hoodoo961]

Speaking of bubbles. But okay.

[neechee1]

The USD/US debt is the biggest bubble going. Don't talk yourself into the poor house.

[pwnttothemax]

@hoodoo961 douchhhhe. you don't quote keynes on youtube and expect any nice responses. he was a fucking moron

[hoodoo961]

Yes, I understand he does not have a lot of admirers here, but that is why I quote him, to provide an alternate view to the monotonous ignorance so rampantly displayed.

[libertyjah]

@hoodoo961 The Austrians have not merely predicted a monetary crisis. They have predicted that irresponsible monetary policy will lead to a financial crisis. It is the misguided government/central bank response to that financial crisis that could lead to a monetary crisis.

[hoodoo961]

Here is the problem I have will what Paul says. Whenever he starts to talk about the gold standard, he starts of economically, then instantly delves into a weird moral discussion totally not related to economics.

[donnyr1713]

@hoodoo961 Economics without morality is evil. :P

[Martial024]

Ron Pauls laugh is so funny after he starts the rebuttal.

[Martial024]

Wow that guy is the best speaker ever, way better than that Ron Paul character.

Whos Ron Paul?

[Desnoxvu]

Ron Paul mentioned SDR at 11:36. SDR stands for special drawing rights. These would be an international currency. Read up on SDR and you will be astounded how Ron Paul knew in 1983 about the path of monetary theory.

[JiveDadson]

You'd think a banker could buy new suits as his gets fatter.

[bajoverga]

goddamned he had fire back then!!

[longdr1]

what i find remarkable, respectable, and believable is that his ideas and facts are consistent and true over time. much easier to support and believe than the political speech of politicians from day to day, which seems to hold little water over time.

[throwerofturds]

@longdr1

youare right . i agree . the truth is the truth .

nice to see this video of Ron Paul in his younger years , hes a nice man

[AFRIKTODAY]

Ron Paul, a world Hero!

[earthborg]

if you increase production and/or population and not the money supply, money increases in value, which is good for people you fucking idiot. It allows us to buy more domestically and abroad. fuck this guy he should be scrubbing the toilets at the fed.

[BeadStallcup]

Summarizing Partee's argument:

Paper uh, money uh, allows uuuuuh, government to uh, spend uh wrecklessly, uuh, which, uh, is, uuuh, precisely, uh, what uh the, uh, bums, uh, in Congress, uuh, want to, uuuh, do, uuhh, uuuuh!

Talk about genetic deficiency and speak impediments! Wow!

And this clown is a governor at the FED?

Ha Ha Ha Ha Ha! uh, uh, Ha Ha Ha Ha Ha!

[kelborn24]

whahahaha! count how many times he says "uh" hahahaha....what a moron.

[comp7878]

When Partee says "uh", take a drink!

[Fike2308]

@comp7878 - Drunk after 5 minutes !

[koloss999]

Looking at this young energetic congressman, I wonder if he would have chosen a different path in life, if he had known how little he would accomplish in the coming years, even if it was at no fault of his own.

[earthborg]

he probably would, he seems to love it regardless. he's smart enough that he could have gotten in on it all if he was worried about the destination.

[throwerofturds]

@koloss999 how true . its a hard life for a man with principles

[mattbaldea]

i want to kill myself listening to mr. partee saying uh, agree uh, uh, (monotone) uh, public attitudes uh, etc., etc.

[chokin2]

I'm really glad I run into this...it's amazing to see how RP had it all squared off from so long

[ForTehNguyen]

both parties love the fiat money, democrats get to pay for their welfare spending and neo-cons get to fund their foreign meddling and wars. Both get funding through the hidden taxation of inflation.

[dinkolino2]

there is a probelm with each single standard.. especially with the cornered gold market.. what ever is cornered can be manipulated.. you need many competing "currencies"...excluding ofcourse central banking

[whoo689]

If you want the full story on the Federal Reserve, read G. Edward Griffin's The Creature from Jekyll Island. Of course, for some reason he includes a lot of unnecessary material that has little to do with the Fed, but it's still a good read. If you don't have the patience to read a 400 or 500 page book on the Fed, I'm sure there are plenty of other shorter ones that get to the point.

[Fike2308]

@whoo689 - Murray Rothbard also has one, "The Case Against the Fed" and Ron Paul wrote "End the Fed"......should be required reading :)

[whoo689]

Do these Fed people not know history? I mean, with all the countless examples of central banks screwing up economies all over the world, why would ANYONE endorse that notion here in the states?? Even before the Fed, we have 3 previous central banks, and they all led to DISASTER, and were thus abolished! We didn't have "enough" money sometimes to pay for the Revolutionary War, so states actually printed excess paper currency, which led to HUGE inflation. I could go on and on here.

[gilbygil11]

perhaps you should go on....one of the first and worst economic depressions occurred after President Jackson vetoed a bill to establish a central bank as Alexander Hamilton urged. This veto lead to a lack of available funding in the market and thus rampant inflation and the inability for anyone to purchase land, the chief production of wealth in the 19th century

[hiddenblood]

I can't believe that you think a lack of money in circulation actually causes inflation. The opposite is true. If you decrease the amount of money in circulation you get deflation, not "rampant inflation".

[earthborg]

cuz he's a tool. he must think that if we have central banking that it has to be good. the same type of cognition that kept people believing in witchcraft, leeching, and kings.

[earthborg]

no shit there was a paradigm shift and special interest backlash to kill his administration and install a probank puppet. the money and land market was manipulated to benefit, speculators, much like stock today, which was the biggest wealth generator recently b4 the dollar tanked after deindustrialization. there was no money because all the notes issued by the previous central bank were worthless because there was not as much gold as notes to redeemed......so go on

[throwerofturds]

@whoo689 the fed knows history all to well . the problem is that they have a diferent agenda than we do . thats why what they do looks strange to a normal person

[whoo689]

The Minneapolis Fed actually has a chart, quite an amazing one, of all the inflation rates from 1800 til about 2008. It's quite remarkable to notice that before the Federal Reserve and elimination of gold, quite a few years had practical NO INFLATION (0%). Whereas today you'd be hard-pressed to find one year of no inflation. Inflation these days seems inevitable. And before the Fed, there was almost constant price stabilization. Not so today.

[Amataeo2]

Uh...gold may cause inflation (or deflation) and would be subject to international influences and international markets. It'd be better if, instead, uh...all of our money was imaginary...and uh...we all just agreed to the massive inflation of paper money as population increases, the perpetuation of poverty for the lower elements of society, and uh...the massive profit of corporations and corrupt government officials.

[soundmoneyfan]

uhhhh people don't need real money, uhhhh cnetral banking, uhhh central banks hold 17% of all gold mined in the history of man, uhhhhh central planning, uhhhhhh road to surfdom, uhhhhh new world order

[throwerofturds]

@soundmoneyfan hehehe

[alqumber]

Ron Paul is the most wise and sincere politicians I know.

[chaseantarctica]

uh. uh. uh. uh. uh. uh. uh. uhhhhhhhh

[elbuggo]

Ron Paul 2010

[brian12934]

omg...that other guy...jesus he bothers me. UHHHHHHHHHHHHHH

[HBSchool]

"Uhhhhhhhhhhh"

9:10 RP predicts the recession of 1987.. Black Monday anyone?

"AHHHHHHHHHHHHHHHHHHH"

[Erazmus72]

All I can say is wow. I must agree with pguitarb, Ron is very fluid and confident. I've seen some of his older appearances, but this is the earliest I've seen. He's definitely in his prime here. Bravo to the Mises Media for posting this.

[libertyeconomics]

Just think about how Americans passed up the opportunity to make this guy their president. The one intelligent statesman.

[Erazmus72]

Very true. I tried to get as many to vote for him as I could. A coworker said her husband saw him on Bill Maher recently and said, "Why doesn't this guy run for president?" She laughed at him and said that Ron did. The media is the peoples' worst enemy. Unfortunately the people are only now figuring this out. The word is spreading though.

[mrcuda]

If anything, Paul's an idiot alone for running as a Republican. I don't get why he's in the GOP anyway.

[benjleeru]

3rd party candidates have no chance of winning because the Democrats and Republicans made it nearly impossible to get ballot access to all 50 states.

[mrcuda]

Explain how.

[futurewavecs]

Here is your explanation:

It is explained by a simple question. In the process of answering it yourself I think you'll start to see why.

How many presidential candidate debates on TV have you seen involving third party candidates?

Answer that.

Ron Paul ran for president as Libertarian before too. So, he did try otherwise. He is closer to the original republican party than the modern version.

Most people decide who they are going to vote for based on what they see on TV. Very sad.

[pguitarb]

Wow Ron Paul was a powerful speaker with a sort of 'religious fervor' as it were. If he was the age he was in this video during the 2008 election we would have won. Although he can still debate these days, he surely does not have that appeal of a handsome, young, fiery guy.

[hughtub]

His son Rand is quite a good speaker, hopefully he'll get involved in politics. There's some youtube videos of him.

[heylover3]

I believe Rand Paul is going to run for a senate seat for Kentucky.

[gideondavid30]

You would be correct!

[georgepickett]

Ron Paul 2012

[AggieAssassin]

38:01

I love Ron Paul.

[thefordshowcom]

I think we have seen enough proof that politicians DO NOT do what the public wants. Say the Banker Bailout with approx. 80% of the public against it?

This is what the public needs to wake up to. Great video.

[brizzlie]

That's a really good point.

I think it'd be more accurate to say politicians do what the money-men want, and what the public will tolerate. We're still letting them get away with it. We really need to wake up and stop it!

Ron Paul rEVOLution! :D

[schaeffercox]

tell others.

[gunsandbullhorns]

Hayek, Rothbard, DiLorenzo, Ron Paul, and all the rest. These are my "rock stars".

[jpschubbs]

@gunsandbullhorns Don't forget Thomas Woods!

[gunsandbullhorns]

@jpschubbs

Oh yeah. Woods, too. It seems to me, that he's doing what Rothbard was attempting to do in his last years — reach out and convert conservatives to libertarianism. Except Woods is doing a damn good job of it.

It's hard to believe it was only a year ago that I wrote that comment. I've learned so much since then, seems like an eternity...

Cheers!

[PoliticsAddict]

because thats what ron paul kept referring to or thats how he addressed the issue, " a terribly disastrous idea."

just joking but dr. paul using the same phrases in a funny way. love that guy.

[heyimericv]

wow...

ahhhh

uhhhh

auhhhhhhh

[wind0wninja]

Uh...uh...uh...UHH! Charles is painful to listen to.

[WOLF333999]

And not only because of the bullshit he spews forth. Take the last few minutes or so as an example, where he says the Fed's task is to limit the amount of money and that under a gold standard bankers would be creating masses of money, or something in that vein. What crap. Ron Paul didn't even have to warm himself up to totally ravage this Fed man.

[njThaze]

in today's world of short attention spans it will be difficult to get those unaware of the federal reserve system to pay attention. BUT this is a great presentation of sound monetary policy by Rep Paul. I have shared this with friends and hope others will aswell to give gold a chance in yet another federal reserve created monetary crisis.

[PoliticsAddict]

A terribly, disastrous idea.

Ron Paul

[shanklinmike]

Why?

[harryogre]

So to summarize Partee's argument, we can't take a chance on a gold standard because we can trust the free market to set the price on every other commodity including fiat dollars, but not gold. Somehow the price of gold is the only thing the market can't be trusted with.

What a dumb-ass.

[jburke8491]

...But we can trust a group of secretive, private bankers to determine the value for us.

Clearly its worked wonders! (sarcasm)

[StephinRazin]

Dr Paul's comments are even more pertenant today.

Live Free or DIE HARD

[SierraWolf]

Ron Paul is easily one of the greatest thinkers/politicians of the 20th and 21st centuries...

[digitallando]

well he doesn't have any original thoughts but he knows whose ideas are the best, right?

[xsleef]

He has integerty and will not allow to be corrupted..No doubt a great man,truly a leader

who does what he believes to be right.I think our fore fathers would be proud of this man..The others they may ...well would be a good time to invest in tar and feathers.

[Elasaltaculos]

that is more than I can say for almost any politician.  Besides, everyone wants to be an "original thinker" when almost no one is.

[MayadaJeffery]

Amen