Ron Paul on the Federal Reserve and Government Deficit Spending

[WeThePeopleVStheNWO]

I'm RACIST for criticizing Obama.

TERRORIST because I'm not with Bush.

ANTISEMITIC for not supporting Rothechild Zionism.

TEABAGGER for supporting the Constitution.

TRUTH-ER for asking unanswered questions.

TRAITOR for whistle-blowing on my corrupt Government.

CONSPIRACY THEORIST for presenting documented facts.

TROLL for uploading news, videos, quotes and U.S.Atrocities.

ANTI-AMERICAN for supporting Constitutionalists like Dr. Ron Paul.

RON PAUL 2012!

[damnpayne]

More people need to see this video.

[SkullOfYorick]

23 years down the road, and two things haven't changed: the genius of Ron Paul, and the criminality of the ruling class. Ron Paul, 2012!

[faulconandsnowjob]

Jefferson warned that if we let the central bank in, we'd be looking at perpetual wars...

[buffalopatriot]

Committed.

[JUANO510]

WOW................ EVERYTHING HE'S SAYING TRANSLATES TO TODAY YO

[withtheoldbreed]

Why do people question Ron's Consistency?

[MarceloRodrigues1]

@withtheoldbreed BEcause they think through fox news.

[3domfight3r]

As true in 1988 as it is in 2011. Just because the Fed has kicked the can 20 yrs down the road doesn't mean Ron Paul is wrong in principle.

[piranhahead]

Australia needs a Ron Paul. We have no one like him.

[Baldwynmayhem]

@piranhahead dead right mate, I just said the same thing above and read down and realized you said the same thing lol. It's definitely the same problem here, all are liars, all have vested interests (look at Gillard in the US right now, what a fuckin sellout to these corporate fascists in the US, and shes Labor of all things). We definitely need a republic and a libertarian party here.

[thkelly67]

This issue is always expenditure.  The Fed facilitates the debt by inflating the money supply. When the Fed expands bank reserves, the banks buy T bills. It's a scam.

[laffredo]

This guy is the most consistent politician out there. This video is at least 22 years old and Ron Paul still says the same things today.

[Aesoe]

Sadly, he has said the same thing and nobody did anything about it.

[MaurDL]

Is it just me or does Ron Paul kind of look like an older Paul Rudd here?

[endtimelife]

@MaurDL Yeah, I can see what you're talking about. :)

[BlackDynamiteNYC]

The SAD part is 30.....40 years from now, when our economy has fully dissolved and totally implodes, historians will look back and say "What happened? Where did we go wrong?"

And you will see

1. Creation of The Fed

2. Gold Confiscation/Fiat currency as legal tender (1933)

3. End of the Gold Standard (1971)

4. Alan Greenspan

5. The current Keynesian Fed Head, Brenake, or however you spell it

We are going to pay DEARLY in 2-3 years for all of this money printed over this recession!

[wunderbeast]

@BlackDynamiteNYC you think it would take that long? i hope you're right.

[austensibly]

Rep. Ron Paul has not altered his message over the years because he has been on-message all along and right on the money, pun intended. If your only introduction to the study of economics has been through the lens of a some misguided Keynesian, well, there is much you do not know and so much you need to learn!

[nafaidni]

The first country to establish a Central Bank was England in 1694. The British pound would thence become the international standard of currency for 360 years. Notice that monetary policy is something best left independent of the central government...

Congress would do nothing but politicize monetary policy. That's something we cannot afford. We need currency to be regulated based on inflation, growth, debts, and other factors, not on what seems popular or unpopular.

[YouWontdotTV]

This video only having 1,295 views proves how brain washed and dumb down Americans are.

Every time I try to bring subjects like this up, people run away or convince themselves these subjects are not true. They will know soon, because the neglect of the subject is about to slap them in the face.

[nafaidni]

Funny, it seems the Federal Deficit and Federal Spending are decreasing now as we speak... must be the interest rates on those bailouts (yes, the companies had to pay them back) or something. Or perhaps the fact:

A: Obama's spending was temporary.

B: The economic growth it caused (GDP still rising) raised revenues, too

Source: US National Debt Clock website.

Alright, Ron Paul, guess you can go back to... wherever libertarian doomsayers spawn from...

[corysoulier]

@nafaidni Your statement on GDP is very misleading. Lets say I had a money printing machine and I printed out ten million dollars in counterfeit money. Lets say I gave that ten million dollars to you. Lets say you spent that money. GDP would surely grow right? Right. The deficit may have moments where it drops but mark my words: So long as we have a central bank that continues to devalue our currency by printing it out of thin air at will, we will always have huge deficits.

[nafaidni]

@corysoulier

Uh, the real GDP increased, not just the nominal GDP. In terms of Year 2000 dollars, the GDP grew from between the Third Quarter of 2009 until now, where it is still growing.

And it is either the Central Bank (btw, printing money doesn't lead to deficits) objectively valuing money based on the economic situation of the time, or the Congress with its partisan bickering and shrouded perspective that will regulate money in accordance to political trends. Your choice.

[corysoulier]

@nafaidni You are wrong. The reason we run up such huge deficits is because the money printing machine enables deficits. Get rid of the unregulated printing of money and you rid congress of the power to run up these massive deficits. Getting rid of the fed would give us no other choice but to live within our own means. The fed discourages savings. You can't make an honest investment without a reasonable amount of savings. Sure, GDP looks good now. But give it time. The crash will be here soon

[nafaidni]

@corysoulier

"The reason we run up such huge deficits is because the money printing machine enables deficits"

No, no it does not. Period. Deficits are caused by the government spending more than it takes in revenue, period. Secondly, money isn't printed "out of nowhere". The Federal Reserve purchases financial assets and converts it into money, which is lent out into the economy.

Learn something about economics before trying to make political rhetoric.

[Jefferdaughter]

@nafaidni - Hilarious!!! If this comment wasn't so sad, I'd still be laughing...

[corysoulier]

@nafaidni Think of the current boom the same way you would view getting high off of heroin. When you are high on heroin you feel very good. Unfortunately that high comes with unintended consequences. Once the high wheres off, you start to feel pretty crumby. Right now we are enjoying a tremendous high because of all the freshly printed money being pumped into our economy out of thin air. Just like heroin, hyperinflation leads to serious consequences down the road. Can you say malinvestments?

[nafaidni]

@corysoulier

"Think of the current boom the same way you would view getting high off of heroin"

Errr, no. That's like comparing loans to drug consumption. This is essentially a loan from the government to the economy. The economy uses the money to grow and then pay it back in the future with interest as taxes. That's how the modern system of economics works.

And again, money isn't printed out of air. It is converted from financial assets purchased by the Federal Reserve Bank.

[MrHarry46]

remember: the usa has been fighting wars(costing us trillions) for the queen of england and the rothchilds(est worth 500 TRILLION) for the last 60 years

NUKE ENGLAND NOW!!

they are behind americas economic nightmare

[johnlocke868]

Compared to the flip floppers we allow into office Dr.Paul is like a stone tablet

[squirrelsarecute7]

nutcase

[stonerj0e]

all i hear is TALK . i never see him DO anything ! i don't vote PERIOD .

[caspianhiro]

The set looks like "Between Two Ferns with Zach Galifinakis".

But, at least his message hasn't changed a bit in all these years.

[Shohadaku]

Consistent, honest, honorable. Ron Paul 2012 or bust. 

[Redfingers]

This was over 20 years ago and he's still saying the same shit. I would give my left nut for an honest politician. What are you jackoffs thinking? This is the most principled and consistent human being you are likely to see in your lifetime, figure it out.

[Baldwynmayhem]

@Redfingers spot on, wish we had someone in Australia like this

[Hpersona1]

An Honest Politician...I didn't think such a thing existed...but Ron Paul is proof that there is at least one...Ron Paul 2012

[tommyrgrs]

@Redfingers i too would give my left nut.

[DaleElder11]

He is and always will be the MAN.

[AntiPsychopath]

@DaleElder11 .......Makes most of the us presidents of the past couple of decades look like thugs , brokering for some kind of organized crime....i think RPs initiative to wake up his people and liberate them from a financial slavery conspiracy is actually very noble.

[DaleElder11]

@AntiPsychopath  well said