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"Thanks for the information"
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thefilmarchive uploaded a new video
(1 day ago)
1988
Ron Paul condemns the role of the Federal Reserve and the national d...
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1988
Ron Paul condemns the role of the Federal Reserve and the national debt in creating inflation.
The minority report of the U.S. Gold Commission states that the federal and state governments are strictly limited in their monetary role by Article One, Section Eight, Clauses 2, 5, and 6, and Section Ten, Clause 1, "The Constitution forbids the states to make anything but gold and silver coin a tender in payment of debt, nor does it permit the federal government to make anything a legal tender." The Commission also recommended that the federal government "restore a definition for the term 'dollar.' We suggest defining a 'dollar' as a weight of gold of a certain fineness, .999 fine." On multiple occasions in congressional hearings, he has sharply challenged two different chairmen of the Federal Reserve, Alan Greenspan and Ben Bernanke.
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thefilmarchive uploaded a new video
(1 day ago)
1988
Ron Paul has voted against federal subsidies for the oil and gas ind...
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1988
Ron Paul has voted against federal subsidies for the oil and gas industry, saying that without government subsidies to the oil and gas industries, alternative fuels would be more competitive with oil and gas and would come to market on a competitive basis sooner.
Paul is opposed to federal subsidies that favor certain technologies over others, such as ethanol from corn rather than sugarcane, and believes the market should decide which technologies are best and which will succeed in the end.
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thefilmarchive uploaded a new video
(2 days ago)
1988
Ron Paul's opposition to the Federal Reserve is supported by the Aus...
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1988
Ron Paul's opposition to the Federal Reserve is supported by the Austrian Business Cycle Theory, which holds that instead of containing inflation, the Federal Reserve, in theory and in practice, is responsible for causing inflation.
In addition to eroding the value of individual savings, this creation of inflation leads to booms and busts in the economy. Thus Paul argues that government, via a central bank (the Federal Reserve), is the primary cause of economic recessions and depressions. He believes that economic volatility is decreased when the free market determines interest rates and money supply. He has stated in numerous speeches that most of his colleagues in Congress are unwilling to abolish the central bank because it funds many government activities. He says that to compensate for eliminating the "hidden tax" of inflation, Congress and the president would instead have to raise taxes or cut government services, either of which could be politically damaging to their reputations. He states that the "inflation tax" is a tax on the poor, because the Federal Reserve prints more money which subsidizes select industries, while poor people pay higher prices for goods as more money is placed in circulation.
He condemns the role of the Federal Reserve and the national debt in creating inflation. The minority report of the U.S. Gold Commission states that the federal and state governments are strictly limited in their monetary role by Article One, Section Eight, Clauses 2, 5, and 6, and Section Ten, Clause 1, "The Constitution forbids the states to make anything but gold and silver coin a tender in payment of debt, nor does it permit the federal government to make anything a legal tender." The Commission also recommended that the federal government "restore a definition for the term 'dollar.' We suggest defining a 'dollar' as a weight of gold of a certain fineness, .999 fine." On multiple occasions in congressional hearings, he has sharply challenged two different chairmen of the Federal Reserve, Alan Greenspan and Ben Bernanke.
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thefilmarchive uploaded a new video
(2 days ago)
1988
Ron Paul rejects universal health care, believing that the more gove...
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1988
Ron Paul rejects universal health care, believing that the more government interferes in medicine, the higher prices rise and the less efficient care becomes.
Health Care in the U.S.: http://congressan...
He points to how many people today are upset with the HMO system, but few people realize that HMOs came about because of a federal mandate in 1973. He also points to the 1974 ERISA law that grants tax benefits to employers for providing insurance but not individuals; he prefers a system which grants tax credits to individuals. He supports the U.S. converting to a free market health care system, saying in an interview on New Hampshire NPR that the present system is akin to a "corporatist-fascist" system which keeps prices high. He says that in industries with freer markets prices go down due to technological innovation, but because of the corporatist system, this is prevented from happening in health care. He opposes socialized health care promoted by Democrats as being harmful because they lead to bigger and less efficient government.
Paul has said that although he prefers tax credits to socialized medicine, he would be willing to "prop up" the current systems of Medicare and Medicaid with money saved by bringing troops home from foreign bases in places such as those in South Korea.
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i want the people to keep this sort of thing up.
true justice. its supriseing how old these videos are...i wonder why officials dont speak out like this today??
maybe our views have changed to less important things, maybe were too intimadated.
whatever it is its not as important as the matters at hand. i only hope people give a damn about the world they live in, and you make me feel like someone actually does. thank you very much
-Yaotl