Ron Paul's Texas Straight Talk 2/15/10: Are US Taxpayers Bailing Out Greece?

[aimeechrister]

testing

[aimeechrister]

testing

[SurvivalWithBushcraf]

It's very simple. Every dollar printed devalues the rest of them. But when banks get that dollar it has full purchase power because it has not yet met the market. So the banks get this strong money and spend it and then we get the left of dilluted dollar. But the funny thing is is that it was actually your money devalued so the banks could get even more.

My question is who has all that cash? China don't have that much. Banks went under and there was none to be found?

[nalcow]

@SurvivalWithBushcraf The cash is pumped into the system through buying treasury bills. This means that the Feds prints out money out of thin air and buys the bills in open market operations to the tbills holder. The holder in turn has money to spend in real world. That's why this kind of bailing out causes inflation. It is correctly said as you point out that this operations causes the real value of currency to go down.

[sirus10]

i say let the fed keep going the fed will destroy it self

[SurvivalWithBushcraf]

Yes you are 100% correct. But lets not forget that they will rob us blind and leave no wealth to this country. If they run it down to nothing everything is over. No Public trans, no food deliveries, no cops, no garbage collection, no imports, no replacement parts for all this chinese crap we have, no security for our childern.

[ashkenazimindcontrol]

anything is better then the suffocating american jooz media and federal reserve.

[niffs75]

"Let me issue and control a Nation's money and I care not who makes its laws". - Amsel (Amschel) Bauer Mayer Rothschild, 1838

[bazsohamster]

When will everyone get off the thinking that banks are very much needed when they have been screwing the common person through out human history?

Banks are bad they have been bad and as long as everyone thinks we still need them then they will continue to keep screwing our children children.

I feel the common person is very capable of taking care of there own money in there own home.

[SurvivalWithBushcraf]

Well said. If you run for office you have my vote!

[ronpauleducates]

Lol, everthing done today, is to destroy us tomorrow. Through the handout, mankind will enslave themselves to power, enjoy today, live today, but prepare for the future, and please notice things that gave taken place, have never happened, so the end result could need people to brace for landing, when this machine touches ground.

[jrm404]

The banks are destroying the economy on purpose by bailing out Greece to destroy the U.S. economy by design. Keep tabs on the Dollar Index, if the dollar goes down while the Euro goes down then Ron Paul is spot on. If dollar rises while the Euro goes down then nothing to worry about except destroying what little exports we still have to Europe. It will also affect our tourism because a down Euro and up Dollar means it will cost more for Europeans to travel to the U.S. on vacation.

[bobloblaw831]

Tin Foil Hat Ron Paul!!

Maybe if he knew anything about economics, he would know the US Treasury and the Fed would have beneficial interest in the failing of Greece as it destroys the Euro, makes global banks flood back into the US dollar, thereby reducing the cost of raising US public debt.

[XXXoXXoXXXX]

@bobloblaw831

You are dumb, you think the owners of the fed care about America. lol. I knew you were dumb when you started out with your typical brainwashed insult. It must take a lot of balls to agree with what ever the news tells you to believe...

You're just useless fodder helping out the people who could give two shits about you. That's a good little sheep. Baaahhhhh. Now shut up and go back to work, you've thought enough for today.

[MikeMotes]

They have an interest in fiat currency in general.

[KaptainKaka]

Same banks are running the show for both the dollar and euro. They are making money just by printing unbacked currency....there is NO competition.

[TSMPimpDaddyPain]

Right, tin foil hat because he suggests that we shouldn't allow a banking cartel that obeys no law to rule the earth.

[timbosforporn]

Whenever you tell people about the federal reserve they just chalk it off as something they don't have any controlover and don't seem to want to think about it. Its like they think it runs by magic and government knows best.

[sinitskyd]

I just went to a greek restaurant and ordered some soulvakis and gyros. This is my contribution to bailing out Greece.

[AFRIKTODAY]

@sinitskyd

hahahahaahahahaah!

[anarchylogic]

just wondering, does any one know if RonPaul is the only congresman that does these weekly reports? Do other congress people do the same thing?

I hope people wake up soon.

[dlucas90]

I realize I'm preaching to the choir, but.........

Central banks + fiat currency = unelected central planners.

Spread the word!

[herzogsbuick]

@dlucas90 Well put

[dlucas90]

The truth is simple, only the people trying to make the evil seem right, need to use complexity. That's why no one can understand economists.

[Crzykjn]

@dlucas90 What I'm hoping is that at this point in the awakening that there is a movement just as significant as the movement to make people aware of the elites' century+old agenda that is being designed to reclaim what the population has been made to believe this nation is founded on-liberty and freedom.

[dlucas90]

That would be nice.  I'd be happy just to see everyone in America learn how money comes into existence. Then we can just sit back and watch the "elites" get gutted by betrayed citizens.

[jmelkis]

@dlucas90 Inflation is a tax! No taxation without representation!

[BigRedMcCool]

The voice of truth and reason speaks again!

Ron Paul for US President 2012!

[focus21x]

Now, teach the rest of the Senators to think rationally, like you do. But teaching/learning will not be enough to solve our problems. Something more meaningful/effective needs to be done.

[douglasfender1]

After Ron Paul is the president in 2012 the justice department needs to seize the Federal Reserve and put it under the control of the congress were we could have some influence and control on our own money system as opposed to now controlled by unknown private owners.

[MrJohnnyrace]

RON PAUL  2012

[Intervene]

Excellent and indeed an interesting thing to discover if the Fed did bail them out.

AUDIT THE FED.

Go Ron !

[mcgrawtim123]

If every government employee had a heart attack tomorrow, we might have a chance.

[n0us3rn4m3s4v41l4bl3]

Hey Ron,

Don't worry about Greece. Bernanke'll print whatever they need. If GS will lose money, he'll do whatever it takes. But Wallstreet must--for unknown reasons--pretend there's some kind of free mark and "price in" the risk of Greece's default.

This makes Greek sovereign debt the ultimate investment opportunity. Their balance sheet will set the value to zero. When Bernanke writes them a blank check, it will go back to A+. GS'll be there to make 80,000 trades per second. win/win

[ahrimangate]

Audit the Fed or I will need to order

Torches, Pitchfork, Ropes and Guillotines