Congressman Paul Discusses Financial Crisis with David Asman

David Asman talks with Congressman Paul about the financial crisis, the investigation and who is really at fault.

Category:

News & Politics

Tags:

• geithner
• bernanke
• austrian
• economics

[FullTiltChallenge]

Ron Paul truth once again, damn, wish he were speaking from the oval office.

[greenback001]

President Ron Paul

[thequickster9]

We can't blame the big corporations because they did not violate anything. Their wealth was gained by the free market. Another words, by the population wanting to buy their goods/services. If we blame big corporations, there is a genuine argument that the people who are blaming them are become communist/socialist or it can be a misunderstanding of what is really causing this economic downturn.

[thequickster9]

One more thing @squirmychipmunk9 The government kneels to big corporations such as banks. They will do anything to aid them. That includes printing money and lending them money at low interest rates and/or bailing them out. This series of actions is called Keynesian economics, the idea that government should "steer the economy". Ron Paul believes in Austrian economics, which it states that the market should be set Free.

[thequickster9]

@squirmychipmunk9 Basically what it is saying, Corporatism is to blame not free market capitalism. The federal reserve prints money and lends it at very low interest rates to the banks. Then the banks has lot of money because of cheap loans. They invest in housing and lends money to civilians. When interest is universally cheap, people tend to spend without restraints. This creates a bubble and the bubble will burst when banks, governments, and even the people exhaust all their assets.

[wutangmitch]

david asman is a very stupid person

[themaclady]

Wow this was cut off from Asman's website!!!! Dr P is on the right, but the video stops dead before he appears!

[twistedfool420]

Rothschilds, rockafellers, bildenburgs, morgan... We're coming for you.

[squirmychipmunk9]

Wait. Let me get this straight. It's not the bankers' fault they fucked us, it's a bunch of democrats' faults, and the solution is to reduce regulations on banks? How is REMOVING an entity that is meant to place checks corporations that are defrauding the United States citizens supposed to keep those corporations from defrauding United States citizens? How fucking stupid are Fox News viewers? wtf?