Ron Paul on the Economic Collapse

[thablackmarkit]

Ron Paul,

Im def gonna vote for you on 2012, but the owners of this country have the voting booths rigged, remember bush vs gore? Obama and acorn ?

We all ought to vote with texting in with our cell phones (my opinion). It's harder to represent more than one person at cheap expense, and is more convenient, and reliable than acorn. Assuming the verizon network is not owned by the govt.

[matthewandrew]

save us ron paul.

[indiannextdoor]

the badd KIDD the baddest says "go search mike duffy, he knows!"

[dodododa]

There isn't enough gold in the world to retie it to the money.

[P38SpaceModulator]

not one for one, no. but you could fractionally tie it to gold, silver, hell...asparagus. we need a standard and it only to be issued by the people (Congress). Yes, the gubment would have to contract - drastically...and gosh....no more endless illegal wars....and damn, no more welfare state.

[freedomfight2012]

the central bank is not constitutional simple as that. andrew jackson fought and beat them and survived an assassination attempt in his life time.lincoln had partial victories over them and john kennedy issued billions in united states notes. The last two mentioned were killed by lone nutters apparently....... yeah right!

[zealotnut]

I cannot bring myself to trust a GENERATIONAL freemason, whose wife is Eastern Star & whose daughters are Rainbow Girls.

If he was 'for real', he'd have been suicided\cancered long ago.

He betrayed his supporters on 9/11(stand back in amazement).

He has certainly collected plenty of data on the 'patriot movement' also.

Not to mention the 'i love satan' hand signals, but let me guess, he's telling everyone he 'loves' them.Unlike all other high masons who are all saying 'hail lucifer'.

Tragic

[reddragon26]

I was rooting for Obama up until i discovered Ron Paul. I am hopeful Obama will do well for the American people. However i do not see any great change after his first term. Which will be more Government. More spending ...just maybe a tad bit smarter. Ron needs to run as an independent. Start a new party "LIBERAL REPUBLICAN PARTY"

[reddragon26]

Federal Reserve needs to go or be regulated and controlled by Government. The U.S needs to shutdown 600 of 700+ U.S bases around the globe which adds too the mighty deficit which now stands at 11 trillion. The bailout is a band aid on a flesh eating disease. Now back to Ron Paul....He will never be elected to represent the Republican Party. What he stands for is just being heard and he has been on this for years. less government,out Federal Reserve, Balance the books, NON-INTERVENTION POLICY.

[reddragon26]

Other countries are more dependent then some on the U.S. I'm a Canadian living in Jamaica and i can say that one of the countries that will be unaffected will be Jamaica. Mainly due to the fact that Jamaica has a booming Tourism Sector and Agriculture. I think if Ron Paul was in office we'd have had more change in his term than in Obama's first term. How can i say this when Obama has not even began his first? Well, look at what he wants to do.... pretty much of the same.

[reddragon26]

People are under the assumption that if the U.S falls it will be a Domino Effect of other countries to follow suit. I will say this, when Americas Dollar does crash which it will. Hence it's Dominance as being the world super power will no longer belong to them. Do i want this ....no. Only people who'd break out in celebrations are twisted individuals and Americas enemies...which is long.

[homer30]

It's only a matter of time when US falls down. C'mon, it's an historical fact. Empires falls down. From Egyptian time, to Greek, to Romans. Emperialism always falls down. We cannot deny that america will fall down. Americans can only pray that it will not fall down on their generation because how difficult life that would be. But then again, you won't be happy if the empire falls down on your children's generation. They would have to bear all the suffering

[homer30]

I wonder how many thumps down will my comments get or maybe they'll probably just erase these here because it is so against american system. Perhaps, if Bush reads these, then i become a terrorist now. If you're against us you're a terrorist right? That's what your intelligent president says.

[homer30]

Now america is so eager to attack Iran. Haven't they learned enough to their idiotic, moronic conquest in Iraq? What now, you attack Iran because it produces weapons of mass destruction? How idiotic for White House it can be when U.S itself has weapons of mass destruction. U.S now is threatning Iran because it sees Iran as a threat to U.S economy. That's the reason, Iran is a threat to U.S economy.

[homer30]

i would love to see americans adjusting themselves in poverty

[rumragget]

Really? you would wish the [currently] most powerful economy to fall? do you realize that the rest of the world would follow the same path as america if that happened? Look up the Great Depression, and then look up its effects on Canada and Europe, and then take into account that we have an even MORE global economy (meaning that Europe and canada's economies are more directly tied to america's and vice versa). Be careful what you wish for.

[homer30]

i don't think other nation will fall down if U.S falls down. I think because other nations government are manipulated by the american government to follow their system that they think they'll fall down when U.S fall. When other nation begin to stand up on their own and not under manipulation by america, they will not fall. In fact, there is an increasing number of nations now that begin to stand on their of feet without relying on america.

[homer30]

China for example is slowing moving their investment in other nations like Saudi Arabia, Iran, Russia, Venezuela and other Asian nations. Iran, Russia, Quatar and other major oil nation formed their own organization away from OPEC, which is manipulated by U.S. Venezula, forth largest oil producing nation will divert their oil export to under nations other than U.S for it sees U.S dollar as useless now plus other political reasons.

[homer30]

I believe one of the reason U.S dollar has slowly losing its global influence and power is because other nations cut their currency away from U.S dollars. Your government doesn't tell you the truth that your dollar money really don't have that much power anymore. Your Feds, now matter how hard it tries to regain U.S dollar as a powerful currency, cannot do anything to its downfall. China did not tie its currency to U.S no matter how hard the U.S asked China to do so.

[OnIineWarrior]

homer30 because the government has control of the mainstream media..or at least most of it. Our Feds can do something to prevent its downfall...they dont want to..they planned this out. They can control the economy through the Federal Reserve..which is unconstitutional...

[Absintheist]

I hope the republicans are kicking themselves for choosing McCain over Ron Paul.

Yet somehow I think many of them would rather see the democrats make tolkien changes,

rather than having real change which could threaten the Washington cluster fuck of the people and the world.

I truly admire Ron Paul for his decades of fighting against insanity, while no one wants to listen.

[aeross60]

We ARE! I kick myself and everyone else around me daily. If Ron would have just not wanted to walk out of the war in defeat we wouldn't be in this horrible situation or if our current financial crash would have crashed in January 2008, well everything would be different.

[heymisterderp]

Wars are fought between opposing states with armed forces. There is no such activity going on in Iraq anymore. The war was over when George landed on the aircraft carrier. We are there for a nation-build and a police action to prop up the new Islamic government of Iraq. This is an issue of welfare, and of foreign welfare at that, that only takes from main street America, not gives. The kool aid they're pouring you that "we'll lose if we leave" needs to end.

[chomperface]

I'm writing his Ron Paul in on the ballot. I wouldn't respect myself at the end of the day if I didn't.

[JSparkleZ2]

Well now that the wheels have come off of this crazy neo-con Reagan-esque wing of the republican party the traditional small gov't conservative republicans are experiencing a revial in lage part due to Ron Paul's cadidacy... I would say that despite the fact that he was marginalized this time by the media and Reagan/Bush style psycos he will have a very viable chance in 2012. I like many other people think he's the last honest man and a true statesman and his message will ring true in 4 yrs 2!!!

[gamefreak185]

S i want some sexy subscribers! X

[KhmerD0g]

british sterling was dead. they started a new currency called the pound. it's about to die. U.S. dollar is about to die to. iceland krona is already dead last week.

[chelle315]

The U.S. is nothing more than a corrupt corporation itself. They got greedy and look what happened. All failing corporations eventually go belly up. The world bankers and eletists deserve every financial mishap that happens to them.

[StoneVirginDesigns]

Mishap? Wake up! They are consolidating and amassing trillions and wiping out the middle class. Ignorance breeds ignorance. Welcome to Fascism! The free market society is D.O.A

[chelle315]

Let me say that in another way. Basically, the world bankers and eletists suck. If anything bad happens to their money, then so be it. They are rich and powerful because of the sweat off the brow of every working person in America. It's got to stop. Frankly, I could care less about the money they lose.

[RonPaulisInsane]

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[FightGlobalPoverty]

America needs to stop its financial system from collapsing.

The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.

America use to have financial panics and depressions every 20 years. This is what we can expect.

[FightGlobalPoverty]

1. Financial institutions collapse because people lose confidence and pull their money out at the same time.

2. This causes a massive contraction in the money supply because of the liquidation of loans.

3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.

4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.

[FightGlobalPoverty]

All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.

[FightGlobalPoverty]

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[FightGlobalPoverty]

America needs to stop its financial system from collapsing.

The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.

America use to have financial panics and depressions every 20 years. This is what we can expect.

[FightGlobalPoverty]

1. Financial institutions collapse because people lose confidence and pull their money out at the same time.

2. This causes a massive contraction in the money supply because of the liquidation of loans.

3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.

4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.

[FightGlobalPoverty]

All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.

[FightGlobalPoverty]

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[FightGlobalPoverty]

Some Libertarians believe we need a financial collapse to eliminate debt or *excess credit.* That is insane.

Financial collapses are catastrophic because they cause a severe contraction in the money supply.

This contraction goes far beyond a normal adjustment because the dollar you put in the bank circulates among ten people after the banks lend it out. All of that is wiped out when the bank fails.

Using a financial collapse to modify the system is like using a tidal wave for a drink.

[rapsody]

no, your explanation is off. we are already having a financial collapse regardless of what the policy is. it is unavoidable. the markets have made this very clear as they have not responded to any of the fed/treasury's "rescue plans."

you are arguing that an expansion of the money supply in a recession is a good thing? expansion of the money supply is exactly what caused the problem.  expanding the money supply only compounds the error.

but what would i expect from a fan of paul krugman?

[FightGlobalPoverty]

It is avoidable. Sweden had a similar crisis ten years ago and responded effectively. You need to distinguish between a market adjustment and a massive financial collapse.

[rapsody]

comparing this crisis to sweden's totally misses the point. this is nothing like sweden's crisis. in sweden, people were not allowed to buy homes with no money down. in fact, that has never happened anywhere else in the history of the world.

the depression was not caused by a contraction in the money supply, quite the contrary. it was the huge expansion of credit in the 20's that led to the inevitable bust of the 30's.

but of course you won't believe this because you love krugman lol.

[FightGlobalPoverty]

Please google the New York Times article *Stopping a Financial Crisis, the Swedish Way.*  Sweden's crisis occured due to falling real estate values also.

[FightGlobalPoverty]

Actually, it was Milton Friedman that said our depression was caused by bank failures and a massive contraction in the money supply.

Conservative and liberal economists don't support financial collapses.

Do you think we try to stop the financial system from collapsing?

[rapsody]

like i said, comparing this crisis to the swedish one side-by-side totally misses the point. however, even if you want to compare the two.. you could argue that our response has been basically based on the swedish model. it hasn't worked so far, time will tell if it does in the long-run.

i know what my money's on.

you also fail to mention sweden has one of the highest tax rates in the world. and that they were one of the richest countries in the world until their economy because socialized.

[rapsody]

*became socialized, sorry.

[FightGlobalPoverty]

Do you think we try to stop the financial system from collapsing?

*became socialized, sorry.

Governments are supposed to temporarily intervene during major disasters.

Some libertarians don't mind if millions of people starve in the streets after their financial system collapses.

[FightGlobalPoverty]

We have seized a few institutions and injected liquidity into the market, but we have not implemented the bail out yet. Yet you say it was bsed on Sweden's model?

[rapsody]

and you're right about milton friedman saying that. and ben bernanke agrees. so you should be very happy with the response to the crisis because bernanke has taken friedman's advice.

my comment about krugman was because he doesn't at all believe in the boom-bust credit cycle theory, he thinks it's made up despite all the historical evidence supporting it.

[FightGlobalPoverty]

Do you really believe that booms and busts are always caused by the government and NEVER by the market?

[OldCottage2]

I think you're mistaken regarding the fundamentals of human behavior. Attempting to manage a complex social system through artificial central planning simply doesn't work. No individual or group of individuals, however "expert" they are, can possibly process the information necessary to understand a complex human social system. This is the fundamental problem with all theories of economic central planning.

[FightGlobalPoverty]

OldCottage2, you are bringing up a sophisticated argument from Hayek. But I am going to ask this directly because we are in an emergency.

Are you saying we should let our financial system collapse because we don't know any better?

[OldCottage2]

cont: Only humans acting as individuals making individual choices can create order tailored to their situation. Imagine a large crowd of people at a flea market. How come they don't all fall over each other without central planners directing each one's movements? By interacting as individuals in their own best interests they generate the best possible order for that system. The internet has almost no regulation and yet works incredibly successfully disseminating information and other functions.

[OldCottage2]

The free market has never really been implemented on a large scale. The regulators have always had the day, from the mercantilists to the Hamiltonians with their deficit spending, tariffs and corporate welfare to the Federal Reserve and the Keynesians. And we've had a endless cycle of booms, busts, bubbles, recessions, depressions, inflation, deflation, stagflation, and massive, ever-increasing debt to banking cartels. The interventionists always have the same solution: more intervention!

[FightGlobalPoverty]

OldCottage2, please forgive me if I am being very direct with this question, but we are in an emergency.

Do you believe that we should let our financial system collapse?

[OldCottage2]

FGP: The reasoning given for the "bailout" and similar interventions boils down "We can't do nothing; it's better than nothing." This is not necessarily true. Doing the wrong thing may indeed be WORSE than doing nothing. The market has been imbalanced and will correct itself sooner or later. If it corrects itself now, we'll probably have a severe year-long recession.

[OldCottage2]

cont: The government's current actions, however, will keep the market imbalanced, delaying the consequences and making them more severe later on. Lancing the boil now is indeed the best of a lot of bad options. There are many proactive free market steps Congress could take to alleviate the crisis, but not fix it--it can only fix itself.

[OldCottage2]

cont: I don't believe, BTW, the financial system will "collapse" if we "let it happen." Lots of business will go bankrupt and people will be hurt. Collapse will come by continually propping up the system causing the real damage.

It's like a heroin addict going the withdrawal. The withdrawal is an awful experience, but it has to happen to get him off the heroin. The solution is not to inject more heroin to relieve the withdrawal symptons.

[FightGlobalPoverty]

The financial system could collapse. Huge financial firms, such as Lehman Brothers and AIG rapidly fell.

I hope we don't have a collapse but you are playing Russian roulette and it may destroy our economy.

[rapsody]

it's the fed and the treasury and congress that are playing russian roulette. you are worried about a few financial firms going bankrupt?

continuing the policy of inflation could destroy the dollar and that's a lot worse than some investment banks going bankrupt.

you can't punish the people who made no mistakes. you want to spread the pain to everyone instead of just the people who made mistakes.

[FightGlobalPoverty]

You are willing to put us into a catastrophic depression because you don't like 5% inflation. That is not good.

[OldCottage2]

FGP: What do you propose do to about these imbalances? Juggle them forever? That will cause the "catastrophic depression" you fear a little later on. You should trust the free market to fix itself, and not the bureaucrats who created the mess. The Fed has been running a boom/bust cycle for 70 years, and the panics of the 19th century & the Depression were CAUSED by similar micromanaging. As I said, the interventionist solution is always more intervention, so they don't notice this.

Goodnight.

[FightGlobalPoverty]

Goodnight.

[OldCottage2]

FGP: What do you mean by a "financial collapse"? I consider this a painful correction, not a long-term collapse. But correction or collapse, it IS going to happen sooner or later. It's not a matter of what I want. It's inevitable. The only choice is bad now or worse later. If we reinflate the bubble to stave off collapse, it's just going to burst again, with a destroyed currency. Then what?

I need to go do bed, so I'm not going to respond again right now.

[FightGlobalPoverty]

A collapse and catastrophic depression is not inevitable.

FDIC insurance and an active central bank prevented financial panics for 70 years. Sweden successfully dealt with a similar crisis in the 1990s.

[Voolu]

The sound is bad and the background music is annoying, but the content is interesting. Thanks for posting.

[dencionew]

slam this tight lil ass =]?

[chingado2009]

if you guys haven't already done so, check out "Zeitgeist: Addendum" film. it it analyzes the problem with our current monetary system and proposes a pretty good solution.

nadder/gonzales 08

[Ithacannoyed]

make no mistake. the financial bail-out package, which they are now calling a "rescue plan" to make it go down easier, is nothing more than the Patriot Act for economics, enacting broad new sweeping dictatorial powers to the already financial elite!

[D13247]

Take ALL of your money out of the bank Monday 10/06

copy and paste

[sensai9]

theres are no individual parties, its just one big party and the average American is not invited.

[ralphtheray]

Ron paul for president!!!!!!!!!!!

Shame on you USA. Have fun choosing between the television fed candidates.

then complain when our country goes to worse hell.

[59iwantyou]

i say we americas all gather together and take control of congress and bush if we do that we can make america into the best economey in the world but the problem is people in the usa are soo stupid they dont even know whats happening

[DBxpand]

lol u mean sooooooooooooooooooooooooooooo­ooooooooooooooooooooo stupid. Its cause of Obama not alot of people know about Ron Paul.

[fossilvivo]

Obama? republicans vote for Mccain, what's Obama got to do with it?

[rawmaster514]

dumb ass Obama has plenty of so called "republicans" turning coat and voteing for him. what difference does it make, we the people, lose either way.

[JasonEB03]

OK, whoever add that damn music to the background nees to die

[jjzieve]

I agree with dragonshit in some respects, the fact is this crisis is much bigger than some bi-partisan bullshit. Palin, Obama, Mccain they're all either in on the greatest conspiracy of U.S. History or they're ignorant dumbasses. The 2 parties worked together to pass the federal reserve and keep it in power for the last 90 years what makes you think they're not working together now to complete screw over the American public and make themselves richer. If shit goes down I'm moving to Canada.

[AWest323]

Yeah there is no difference AT THEIR CORE between Democrats and Republicans. They're not ignorant, they know the deal. But, they're already filthy rich. It's not more $ they're after. Power is their aphrodisiac.So Cananda, huh? Where are you going to go when the North American Union is created a few years from now? Belize? OH! Wait.....that'll be part of the NAU, too....How bout Amsterdam instead? DAMN! The EU....guess it'll be China where human rights are greatly protected! IT"S THE NWO!!

[NTSdrums]

This crisis began with the democrats barny frank chris dodd and barach obama, now they want to blame bush lol TYPICAL LIBERAL BULLSHIT we should make all of them pay for this mess the democrats fail miserably they are a party of doom and gloom because they really have nothing but gay marriage and abortion to offer bush hater you should get a lobodami your brains are stuck in gpooo.

[cmcdougle]

Whoever edited this video, stop with the added graphics and the music!

[cafesebon]

Rescind the Federal Reserve Act retroactive to 1913..fraud, failure of consideration, and unconstitutional, take your pick. Next, Repeal the 16th amendment which was not properly ratified. Finally, Have the treasury collect interest on mortgages and debt as it was intended and specified in the Constitution... thereby offsetting all of the otherwise lost revenue that is going to the NWO

These 3 simple actions would solve just about every problem that the wall street criminals created

[UnconcernedCitizen]

Relax. This whole financial collapse thing is a fad. America is fine. The dollar is fine. You are fine. You need to stop panicking and act like the consumer you are. Go out and buy something. Anything. If you dont starting acting like the consumer you were born to be, then you will have nobody to blame but yourself if this fad turns into a trend.

[djmetric123]

You're in denial mate.

[dragonshit101]

If shit goes down you owe me 20 bucks.

[gianna234]

The key is to buy things that actually bring value to life--not crap made by slaves for thoughtless people.

[maryfromeurope]

This is a clearer statement of what we are challenged with than what I hear and read elsewhere

[vastgoedzeepbel]

A man with brains!!!

[DumbPatriot]

mr bush blows more brains out in his hankee when he blows his nose than this hippies got - what a fag.

[TheWisdomofaFool]

The biggest problem facing America today is not Financial, it's the apathy of it's people. When government is supposed to represent "the people" and yet MOST of "the people" don't care and do nothing, it is doomed to fail.

[itubeutude]

they do nothing cos they don't have the power to make changes. bush and his neocons do what they want.

[Shohadaku]

Wrong itube. The people legally have the power. People are just fooled to believe they don't. Sedated, programmed. If the masses just realized their rights under the Constitution, the criminals scam would fall like a house of cards.

[itubeutude]

constitution???....that doesn't exist anymore.

Bush said so.

[evros1]

"the apathy of it's people" The most spot-on statement I've seen on youtube this week. Thats where it all starts and ends, with the people. Apathetic morons who have permitted themselves to become cattle and who are unable to get out of that state of mind. Very sad situation.

[DumbPatriot]

americas biggest problem is whining liberals like you - get behiend your country instead of whining what are you an iraqi

USA GREATEST NATION ON EARTH usa usa usa usa usa usa usa usa usa usa usa usa usa usa

[LcoolJfiveoh]

man i was waiting for the bus today and when i finaly got on the bus i sat next to this old lady and then she starts telling me about her son and i dont know why

[dragonshit101]

You need to shut the fuck up you ignorant dumbass. It's because of people like you the government has gone unchecked for so long. And what makes America the best? Is it that our obesity rate is 30% more than any other country? Or is it that our dollar is continually deprieciating in value? What about our 11 trillion dollar debt with a crashing economy to boot? I hope you choke on George bush's dick.

[DumbPatriot]

hell yeah - USA USA USA USA USA USA USA awesome - Bush rocks. yeah. Plin will sort this mess out in a week - she will kick wall street ass. hell yeah she rocks. USA USA USA.

[DumbPatriot]

palin palin palin palin hell yeah she kicks liberals muslim commie asss's. crisisis what crississ there aint no thin as a crississ with palin and mccain in town - hell yeah -

[gianna234]

Right, because there won't be any town left, because they are all about WAR, (which is subsidized by the big banks who will own you and be able to take away all of your freedoms). Palin doesn't care about you and she's an idiot. Grow up.

[gianna234]

Her community college education will come in handy.

[Tbonyandsteak]

dragonshit101:

Think it was a joke, look at the name.

"DumbPatriot"