Young man talks about Ending the Fed & Ron Paul at Occupy Wall Street

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Uploaded by on Oct 10, 2011

This 20-year old man from Long Island has been one of the most visible "End the Fed" proponents in recent days at Occupy Wall Street in Liberty Plaza, Manhattan.

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  • @NewMzrt9369 - Hmmm, I'm pretty sure its you that needs to "do your homework" there buddy. FDR dropped the gold standard in 1933 thus creating fiat money because the USD was no longer backed by anything of intrinsic value. In 1971 Nixon stopped foreign countries from trading USD for gold. Congress made it official in 1978. The USD has lost 95% to 98% of its value since the Fed was created in 1913. So to say the USD wasn't fiat money until the 70's is ridiculous and totally untrue.

  • This young man should run for President as an independent one day.

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All Comments (225)

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  • @magentawave Well he was and was not at the same time. I agree with almost everything you said here but the Gold Standard was not in place until 1933, it was in place until 1913. That is when we went to the Gold Bullion Standard where we only had to have 35 or so % to back our promise in gold. In 33 is when we went to Bretton Woods and in 1971 is when we went to the managed Fiat Currency Standard. This does not mean Fiat Currency did not exist prior but now it was no longer backed by gold. 

  • I like the cat poster in the back

  • @evilzzzable the american population couldnt handle a smart person as president

  • @CynicalNuggit I think Wednesday would be better for me.

  • what do you guys think about votes on youtube every tuesday...videos from congress with resources and rating system to show if legit.....also after you watch the video u are able to vote on this subject.......votes every tuesday more would start to vote and then a record could be kept to see what people really want or think....if you like this idea please spread it make people think......make it better add ideas...have a good one and ron paul has my vote.......i think the vote every tuesdayworks

  • 0:25 sarah palin?

  • @evilzzzable He's welcome as a Libertarian!

  • RON PAUL

  • who the fuck dislikes this?

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