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Ron Paul's Texas Straight Talk 1/30/12: Why the Fed is Such a Colossal Failure

Submitted by legalizeliberty on Mon, 01/30/2012 - 09:17

Economy

http://youtu.be/mlA05b5ps2k

Dr. Paul is right on the Fed

Submitted by pablo87 on Tue, 01/31/2012 - 00:58. Permalink

Here is a simple analysis I came up with that proves that QE is just one more tax. 2 countries trade with each other, Country U and Country C.

Country U is running a large budget deficit and its economy is on its knees. It implements Quantitative Easing by which it buys Government bonds using accounting entries aka printing money. A consequence of this money printing is that Country U's currency gets weaker compared to Country C, making it more competitive and hurting Country C's export businesses.

Country C, which is running a much smaller deficit, does not want its economy to get weaker because of Country U's money printing so it too decides to print money to maintain exchange rate status quo aka currency manipulation. But since Country C has a lot less debt than Country U, it can't buy enough of its debt to maintain currency parity. Instead, it buys assets like Gold, Silver, Oil Reserves and Farm land. By doing so, Country C maintains its competitiveness and becomes wealthier and wealthier.

The root cause of the problem of course is the government debt and the Central bank printing money.

ESM

Submitted by donvino on Mon, 01/30/2012 - 20:26. Permalink

New FED for EU?

http://www.youtube.com/watch?v=5CZr17HLH5U

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donvino

ESM

Submitted by donvino on Mon, 01/30/2012 - 20:26. Permalink

New FED for EU?

http://www.youtube.com/watch?v=5CZr17HLH5U

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donvino

stop telling the truth

Submitted by UncleBilly3 on Mon, 01/30/2012 - 18:39. Permalink

Ron's answer liquidate everything! Love it and so true. Ya know who gets stiffed. Goldman Sux

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No one has deputized America to play Wyatt Earp to the world.
-Pat Buchanan

Off topic but this video should have more views!

Submitted by ok1jwc on Mon, 01/30/2012 - 18:10. Permalink

http://www.youtube.com/watch?v=3z0cxODSVPs&feature=watch_res...

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"We've been over taxed over regulated and over run by bureaucrats, the founders would be ashamed of us for what we are putting up with."
Ron Paul

LL for the win!

Submitted by Praxisseizure on Mon, 01/30/2012 - 17:06. Permalink

Right on!
We can't keep doing this!

ARRUUUGHHHGHHH! (wiggle of fiscal suicide!)

I wonder if Bernanke and the

Submitted by myrtlebeach4ronpaul on Mon, 01/30/2012 - 15:56. Permalink

I wonder if Bernanke and the Fed governors sit around thinking they are doing a swell job?

If the game is shooting yourself in the foot.

Submitted by Praxisseizure on Mon, 01/30/2012 - 17:49. Permalink

They're probably having a great time.

BLAM!! Ho ho! did you see that?! That was awesome..

BLAM!! Get me a towel! I'm bleeding!

If only

Submitted by OneTinSoldier on Mon, 01/30/2012 - 15:47. Permalink

Congress would pass Ron Paul's Free Competition in Currency Act, then things would be liquidated in an orderly fashion. But it seems that Congress prefers to keep it's 11% approval rating. Or perhaps Congress is curious to see how low they can get that approval rating to go, lol.

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"If we lose freedom here there's no place to escape to. This is the last stand on earth." -Ronald Reagan

When they took us off the Gold Standard they took away our money... in order to make it theirs. -OneTinSoldier

He Has Such A Way With Words

Submitted by Alliance With None on Mon, 01/30/2012 - 14:19. Permalink

Perhaps the reason he rushes during debates (and interviews) is because, unlike Romney and Gingrich, they are so quick to cut him off. If he could feel comfortable more taking his time, he'd be on equal footing and do even better.

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Commerce with all nations, alliance with none.--Thomas Jefferson

bump

Submitted by myrtlebeach4ronpaul on Mon, 01/30/2012 - 10:42. Permalink

bump

Thanks

Submitted by legalizeliberty on Mon, 01/30/2012 - 13:28. Permalink

Thanks for bumping.

Looks like few Daily Paul members care about what Dr. Ron Paul has to say.

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“The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence.” Dr. Ron Paul