Ron Paul Owns Bernanke

Ron Paul Owns Bernanke

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News & Politics

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• Ron
• paul
• bailout
• plan
• us
• economic
• crises
• wall
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• crash

[scottj1988]

ron paul should be the fed chairmen

[hagenttzd]

when does he not "hit the nail on the head"?

[hippz420]

6:19

"As to our authority, of course the constitution gives the congress the right to coin money and regulate the value thereof–"

"COINS!"

Lolololol...

[hippz420]

Who the fuck is that guy swinging his head around like crazy right after Ron says how he can't constitutionally create credit out of thin air? Does he have Tourette's that's only present when he is being called out on his bullshit? Is he listening to music? WTF?! :S

[Taobert]

no i think bernanke owned ron paul, he had to speak maybe a minute and he was right, congress did give the federal reserve permission, now the states ratifying it is another question, its interesting though how the issue was skirted. ron paul sounds like he's ranting.. maybe ron paul is just a puppet anyway so some people think theres a voice for them. He could have addressed Bernanke much much better.

[ownyourbitchass]

sorry but your a dumb obama supporter idiot we do have a powerful dollar shit brick nuckle headed fool! so please educate yourself! they have inflated our dollar idiot go read some history about the fed

[DrMetropolis]

I DO know history,that's ANOTHER insult I won't allow to simply pass by. However,I don't know Economic history as well as you. I know my government history quite well. I know that the real power struggle in this country has always been people fighting against the central bankers to take over this country. Thomas Jefferson,Alexander Jackson just to name a few. the Bank of England attempted to assassinate Jackson several times(1833) because of his opposition to a centralized bank.

[averageworkinggal]

You don't know history.

The US had boom and bust cycles at a faster rate prior to the Fed.

You Fed haters have never made a compelling case that you have a solution better than the current system.

So, go try to describe a system better than the current one and provide real empirical proof from that system working in some country.

The burden is one you to produce something credible.

[DrMetropolis]

I stand down. I don't agree ith the FED,and I know its full of corrupt,greedy individuals. It also keeps far too much of its working secret form Congress.However,I can't win this argument,as I'm simply not as informed as you. You're superior knowledge of economics trumps my self-taught researching. perhaps when I educate myself some more,we can continue this conversation...

[DrMetropolis]

And at what point in this debate have you showed ANY objective view?. You simply continue to drive your point to me,which is that The Federal Reserve's monetary policy is the best possible policy this country can have for its economy.

This is not the case. The Federal Reserve is convinced that it can control the economy better than a free market can. Price fixing is an arrogant attempt by the FED to control the run-away inflation THEY created by maintaining a fiat monetary system.

[averageworkinggal]

You don't read enough financial news so you're always misinformed.

About $1.2T in dollar liquidity was destroyed in the past few months, most of it overseas..

What the Fed has done has compensated for that dollar destruction to prevent a greater collapse.

We still are facing at least hundreds of billions of bank losses due to RMBSs and CMBSs that will destroy dollar capital in existence today.

You need to read the Brown Brothers, Harriman article about the Gold Std. a week ago.

[averageworkinggal]

Incomes, wealth and economic growth increased far more than the dollar has declined.

Until you show an objective view of all the trade offs, you'll never make a tenable argument for a debate.

It's Keynesian fiscal deficit spending at the heart of the dollar's decline, not monetary policy per se.