Ron Paul and Paul Volcker discuss systemic risk
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These Obama clowns are delusional.
Obama's been in office for 2 yrs & has done more economic damage then most any President in history ! He couldn't have done it without the Congress held hostage by the Dem majority, Pelosi & Reid.
You can say it's Bush fault only so long. That ship sailed a long time ago.
Obama was the hopeful agent of change, our political savior. The one to honorably & quickly transmogrify the way things would be done in Wa, we're still waiting!
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I'm sure his expectations are never set too high when debating issues especially with a central banker. If a central banker accidently said the wrong thing he could obviously severely impact the economy.
I doubt Ron is expecting this scenario though:
Ron: Chairman Bernanke, how's the value of the dollar.
Bernanke: Inflating it like crazy lol! Buy gold.
2 years ago 2
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that's because you don't know what he's talking about. Volcker was the FED chairman that raised interest rates to +20%, thus bringing the inflation of the 70s to a halt. I know Peter Schiff has said that he has tremendous respect for Volcker, and I'm sure Ron Paul does too. you really need to make sure you know what these guys are talking about b4 you say that they don't make sense.
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Ron Paul makes sense and Volker dosn't..
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This central banker seems smarter than the others, how did the reserve requirement get down to 50:1!!?? That's insane, I think Greenspan fucked up.
luke666808g 3 years ago 5
THe problem is not overconsumption. THis is convicting the victim. THe problem is the counterfiet money that the fed prints that drives up prices and confiscates the income of americans covertly. THis is why there is no savings rate in this country. ANd our textbooks brainwash us to think that prices rise because of labor, raw material, etc. NO the reason prices rise is inflationary money printing. TOo many dollars chasing too few goods because of the fraudlent reserve system
AINTMYAMERICA 3 years ago 4