Ron Paul on $700 Billion Bailout (AM 830 KLAA) Part 1

Insight with Brian Oxman and Kathryn Milofsky


Ron Paul discusses the $700 billion bailout by the United States, as well as the general state of the economy and even a little about the presidential candidates near the end of the interview.




Campaign for Liberty (http://www.campaignforliberty.com/)

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News & Politics

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• AM
• Radio
• Ron
• Paul
• Economy
• News
• Political
• Commentary
• 2008
• Election

[pluto545]

Update: How are you all doing today?

The $700 Billion Bailout (Financial Market Intervention Plan) failed today in the House: 205-228

[ChrisKalhoun]

I love how the media all of sudden wants Ron's thoughts and ideas when he's been saying this all along. Oh suddenly Ron Paul was right all along so lets give him some coverage. Unbelieveable. What does it take for people to wake up out of this media matrix? A Ron Paul Revolution. Get on it.

[CRAPCANNONS]

Yeah it's pathetic. If this crisis had happened a year ago RP might actually have been a contender in this election. I hope he keeps gathering momentum.

[gawddamnthisusername]

w rate me 1-10 Y

[RonPaulisInsane]

A financial collapse will create problems that are 1 million time worse. Financial collapses cause a severe contraction in the money supply due the liquidation of loans. This would throw us into a catastrophic depression.

We can easily change the system without destroying it.  Our debt decreased from 108% GDP in 1946 to 24% GDP in 1974, inflation decreased from 13% in 1980 to 2% in 1986, and we changed monetary systems twice in the 20th century.

NONE OF THIS REQUIRED A COLLAPSE.

[fsmisreal]

Won't the economy just collapse in the future some time now? Once hyperinflation hits the dollar's gonna be worth less than the peso what then. It's like the economy is on a little cliff and people say no lets wait ten years and throw it off the side of mount everest.

[fsmisreal]

Well we can keep propping the economy up but it will collapse. The question is what do you want a major resescion now or depression 10 times worse than ever before in like 10 years.

[RonPaulisInsane]

Ron Paul says we should allow our financial system to collapse because it is a *market correction.* That is insane.

He is more lethal than Herbert Hoover. Please visit my channel for more details.

[xaviqaz]

You left gold standard to afford the Empire. That´s the problem. You must end the Empire. Is the next president going to remove american troops from 130 countries around the world? I don´t think so. What is USA still doing in Europe and Japan 60 years after WWII? It all costs you 1 trillion dolars each year

[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.