354 votes

Video Update: Ron Paul vs. Paul Krugman on Bloomberg TV

Updated HD video thanks to YouTuber LibertySource & DPer AnCapMercenary:

http://youtu.be/BcuAOdXD0Go

Kudos to jahall3824 for the first video find

More at Bloomberg:
www.bloomberg.com/video/9...

http://www.businessinside...

Paul Krugman will guest host two hours of @BloombergTV from 3-5pm ET. He'll speak to Ron Paul at 4pm - don't miss Paul vs. Paul.
— Jake Beckman (@jakebeckman) April 30, 2012

Read more: http://www.businessinsider.com/get-ready-for-a-crazy-confrontation-on-bloomberg-tv-later-2012-4#ixzz1tYFURnjM

Free, official stream link: http://www.bloomberg.com/tv/
______
UPDATE: The Hill: Ron Paul, Paul Krugman face off in economic debate

Mises.org: Check out Ron Paul’s great comeback at 4:04 ... (in Human Action Mises argued that such debasement led to the fall of the Roman Empire.)



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Has anyone ever heard the term “lies by omission”?

People who claim to be “Christian” are wrongly assumed by many to be “Christ-like.” When the Pharisees invited Jesus Christ to dinner (on their tab) or when He was invited to speak from their venues (the synagogues) He NEVER omitted the truth or agreed to only say what they wanted Him to say. And that was the same for the apostles when they boldly continued His ministry facing persecution and death.

If Ron Paul goes on the airways and doesn’t tell the American people that the Fed is a private central bank and NOT part of the US government and that it is they who are running the economy NOT the US government then he is deceiving the American people by omission. No one can claim they are a believer of Jesus Christ and turn around and not expose the truth or to make an agreement with the devil not to tell the truth for the purpose of going on the airways (the venues) of the “prince of the power of the air”.

Therefore one cannot say he’s “Christ-like” but one can (as many say of the Bush family) say he is a “Christian”. I thank my Lord and Savior Jesus Christ for giving me the understanding not to label myself with a name that was invented by the heathen, “Christian” and to be as He (Christ-like) by speaking boldly in the face of overwhelming deception

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Whoa Ron Paul is Christ-like

There are many reasons one would say they are a Christian, not to be confused that they are Christ-like.

Ron Paul is "Christ-like" in that he is invited join our rEVOLUtion (on our tab/ Moneybombs) and invited to speak on the airwaves (MSM studios) with very little time to say many profound things about the world we live in (Where Jesus had many profiund things to say about the repigion they were in). Ron Paul is not omitting any truth, he is limited by time and within THEIR prescribed context. His "apostles" Peter Schiff, The Judge, Lewrockwell, his son Rand, Kent Snyder (RIP) Jesse Benton (some would say Judas)JohnDennis, Michael Nystrom, Aaron Russo (RIP), etc., continue to fill in the gaps Ron Paul is forced to omit. They are writting in books by Ron Paul and the others.. Ron Paul is NOT Jesus, and he is Christian, some of us are Catholic, Atheists, Jewish, Born-Again, Mormon, Hundu, Jain, Budhist, Muslim.. on and on..

I believe that Jesus knows Ron paul and loves him very much. Being Christ-like is not easy, especially in the world of politics, which Ron Paul is more Christ-like than any... he is not Christ, not by a long shot, but he still deserves allot of credit for his GOODNESS.

"very little time to say many profound things about the world"

That is untruthful and allow me to demonstrate:

“The Federal Reserve is a private central bank, a private corporation owned by private bankers out of London and Wall St and they have nothing to do with the US government… They run the economy NOT the US government. The US government does not own the US dollar… the US dollar is owned by the private Federal Reserve Corporation. This private company creates the money out of nothing and lends it to the US government at interest driving the American people into perpetual debt for trillions of dollars”.

The above can be said in less than one minute… RPs been on for two 1 hour broadcast and has INTENTIONALLY said NOTHING!

Minute number 2:

“The Government Accountability Office audited the Federal Reserve and it was revealed that a massive $16 trillion was secretly given out to US banks, corporations and foreign banks everywhere from France to Scotland between December 2007 and June 2010. Ben Bernanke was ordered by the owners of the Federal Reserve (the private banks) to hand over to them the $16 trillion because he doesn’t work for the US government, the American people, he is an employee of the private Federal Reserve corporation.”

The above could have been said in less than one minute… for a total of 2 minutes.

Truth takes few sentences and very little time to say and easily and clearly understood by all… lies on the other hand, must be expressed through a labyrinth of lies mixed with truth to obscure and deceive. And to mix Aaron Russo with the pack of names you mentioned is a perfect example of that tactic.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

However, what "truth" you stated in #1 could be misunderstood

Most news stations do not allow a guest to talk as long as they like, and Ron paul has elaborated during long interviews.

They run the economy, and the economy runs the government "follow the money".

TRUTH is like Beauty and is in the eye of the beholder.. Jesus spoke in parables many times and the Apostels did not understand what he was telling them. We see this throughout his mysteries, or when he askes them, "How do you see me?" Only Peter says, "You are the Messiah." In the next paragraph, Jesus tells Peter, "Get away from me Satan!"

I found Ron Paul like Jesus, where it took allot of study. Bible Study is very important time for me, and so is studying Ron Paul. Both have profound things to say, many enemies, and little time to say what they want.

As for mixing Aaron Russo, I was thinking of people who had given Ron Paul time in their work. I stopped watching You Tube years ago. I am not a Christian. I am a Catholic who loves their Church very much, and I find Ron Paul very compatitble.

Ron Paul is NOT the messiah and I do not adore Ron Paul, However, I appreciate him for his efforts. Pull the plug from your own eye.

Maybe you should be one of Ron paul's apostels (so to speak) rather than make comparisons to the son of man, whihc no man could stand to?

If you have someone better than Ron Paul, that's wonderful. I don't. Jesus isn't running for president, and I think Jesus appreciates Ron Paul's efforts, after all, the Federal Reserve Bank does control our government through funds.. they are like the modern money changers, and Ron Paul is saying they need to go. I agree.

If the one-minute comment of #1

If the one-minute comment of #1 was misunderstood by the interviewer, Ron Paul could have, as you say, “elaborated”. But #1 is easy to understand. The Federal Reserve is a private company that prints money and sells it for more than its face value. If you or I tried to open up a bank and called it the “National Reserve” and started printing money and lending it out at interest to the general public we would get locked up. It’s not a very difficult thing to understand or to explain and Ron Paul is deliberately not doing it. He’s actually doing the opposite… he’s deliberately confusing that fact… he’s hiding it from the American people.

There are many “better” than Ron Paul who would tell the American people the truth about the private nature of the Fed in very simple terms. This is something they need to know NOW. Ron Paul is running for the highest office… he is obligated to tell his brethren, the American people, the truth.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Well soleprobe

I don't watch MSM/ TV or cable or listen to the radio. Back in 07 I watched YouTubes that were like movies, and I had never given the Federal Reserve Bank much thought. L learned about the Federa;l Reserve bank form Ron Paul or Ron Paul associated people.

So I give him credit for showing me a truth, where I have not seen this at all from Romeny or Obama.

Granger

the problem is is that you're not getting the real truth about the Fed and a child could understand it.

“Little Johnny, draw up some pictures of money on a piece of paper, cut them out and go to the store and buy me a quart of milk”
“But mommy, the store wont take these pieces of paper”.
“That’s right Johnny… but that’s what the Federal Reserve does Johnny… and the store takes their paper…. Do you think that’s right”?
“No I don’t mommy.”

And here’s Ron Paul saying that the justice system will handle any injustices in the “free market” therefore we don’t need any regulation. But we can see clearly right now that the justice system has no effect on the feds private counterfeit money monopoly operation in the “free market”… which is clear evidence that the justice system will not serve to protect those from economic injustices in the market… such as illegal counterfeiting. But then at the same time he uses the drug war to show that the same justice system is unfair to the poor and minorities. Well if some big corporate monopoly unfairly wipes out of business a poor and visible minority business owner in the “free market”, how is that poor minority business owner going to afford to defend himself using that same justice system that puts him behind bars for smoking weed, against a powerful corporate monopoly?

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Ron Paul is running for president, not Jesus, eh?

What Ron Paul doesn't have time to teach, you do. Thank you. If it was not for Ron Paul, I would have never found YOU!

"What Ron Paul doesn't have time to teach"

Ron Paul has plenty of time to teach... but either he willingly chooses not to or unwillingly under threat.

Without addressing the rightful ownership of national money everything RP says will not free America, even his views on foreign policy and the encroaching police state (which I agree with 100%) will not free America

If RP gets elected as president and closes down all the bases and brings the troops home and shuts down 5 federal departments laying off thousands of workers, and raises an extra trillion dollars, immediately they have to extract almost half, about $450 billion, to pay the annual interest on that massive $17 trillion dollar debt, most of it going into the coffers of the owners of the private Fed who have the sovereign power to increase that rather instantly by raising the interest rates which are currently near zero. If they decided to raise the interest rates you can kiss that extra trillion dollars goodbye.

Many billions more are going to come out of what’s left over of that trillion, after they pay the interest on the debt, to pay for the unemployment resulting from the laying off of thousands of government workers and many more in the private sector who provided goods and services to those thousands of well paid government workers (homes, appliances, motor vehicles etc… ). Anytime during this process the owners of the private Fed can pull the plug by raising interest rates. The billions left over from the extra trillion will be spent by a corrupt congress that are really agents of the private Fed masquerading as noble elected officials.

Without addressing the rightful ownership of national currency, this is all a charade. The $17 trillion dollar debt should be canceled, the owners of the Fed should be arrested for counterfeiting, and the control of the nation’s currency should go back to the people where it rightfully belongs. This is the only "policy" that is going to free America.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

He has books, and encourages people to read them

That is a form of teaching.

For me, Ron Paul has taken a learning curve, and much of it, "de-programming".

Perhaps someone got through to you, and if it was Jesus, PRAISE THE LORD, you are surely blest with ears that hear. I am not so blest, so for me, Ron Paul has been teaching me though his books and associations. If this is upsetting to you, I am sorry you think it is a charade. Maybe one day, if my brain cells ever get to be as blest as yours, I will understand you better.

As it is, it seems you are not happy with Ron Paul and the rEVOLution. It is a charade to you.

I adore my Catholic Church, so unless you have some other message, "guru", who is far more worthy than Jesus and Ron Paul... this person does not have time in CA to be on the ballot, thus I can not and will not be voting for them.

If you choose to not vote, I don't see what good that does, just ensures Obama 4 more years. I think we have a chance to get Ron the nomination, and that's what I'm working on.

So far, I registered one person to vote, and posted a banner on HWY 1 and 20, today. Hope to get more accomplished for Ron Paul. I guess you're here to stop Ron Paul?

the Granger.... don't bother

the Granger.... don't bother with sole probe. he is against sound money and the way Ron Paul talks about it. Sole Probe is a troll playing bad news betty. Sole Probe .... If you can't understand Ron Pauls thoughts on the economy you will never understand Ron Paul and you should just go away.

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"If you can't understand Ron Pauls thoughts

on the economy you will never understand Ron Paul and you should just go away."

I do understand his thoughts... but they are not good for the economy. But this Ron Paul stuff is turning into a sort of cult... if you do not believe every word that comes out of the mouth of Ron Paul (I agree with his foreign policy) then "go away." So much for your concept of "individualism" and "anti-collectivists." You're just the flip side of the same coin.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Ron Paul or get the fu[k out of the way...

were taking over congress and the American right so we can end this bullshit... if you dont like it go cry me a river because Peace is on the horizon and sound money is coming.. We young libertarians are running for county, state, and national board committees and public offices to take the party and it is working... we have sleeper delegates installed in other campaigns to abstain from their first round vote in Tampa and pull for RP the 2nd round

A true flower can not blossom without sunlight and a true man can not live without love.

Ron Burgundy: "This guy Krugman's a snuff, smelly, keyne swine,

Creating Jobs is not a good thing when you have a protracted economy

we must cut the budget and contract the economy so that domest production becomes relocalized and more diverse production boosts exports

you can't create jobs in a sovereign debt crises you can only expand govt jobs into the marketplace

Ron Paul is consistent, principled, and quite frankly the most intelligent man on the stage and it is liberating."

A true flower can not blossom without sunlight and a true man can not live without love.

Printing money

Bernard von NotHaus was convicted for creating his own money that was backed by silver. It was known as the liberty dollar, he is in prison now.

Competition is not allowed, that means the Federal Reserve has a monopoly on creating money.

Krugman is a moron.

“means the Federal Reserve has a monopoly on creating money.”

And they will still have a monopoly on money if they allow silver and gold currencies to compete…. The only difference is that they’ll use all their Federal Reserve Notes that cost them nothing to print to buy up all the gold and silver currency that trickles onto the unregulated currency market…. After they buy up enough of that gold currency with their Federal Reserve Notes they can jack up the price of gold and silver by buying massive amounts of gold and silver shares in the market making it impossible for the average joe to afford gold and silver money.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Nothing new under the sun

This happened numerous times in history. The last time I think was in post WWI germany. They like to say it took a wheelbarrel full of currency to buy a loaf of bread.

Strange to blame it on the hard currency though. Like blaming the weapon for the murder.

This has absolutely nothing to do with "post WWI germany"

Gold is not being blamed for anything... It’s just a lifeless object.

This is about allowing competing currencies within the United States to go up against the privately owned Federal Reserve Note (currently the world's reserve currency). And the owners of the Fed (the original goldsmiths, the world's true money masters) never use "wheel barrels".

I'm looking forward to the "corn-backed Ron Paul dollar" .. with the inscription: “This note is redeemable in corn at your local farmer." They'll be using fractional reserve lending on corn-backed currency... That means they'll have 10 times more corn backed Ron Paul notes in circulation than the Ron Paul corn bank has on deposit in its silos.

The owners of the Fed are laughing while they watch these broadcasts.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

If competing currencies is so

If competing currencies is so beneficial to the fed, why did it take until someone like Paul to get it introduced to congress?

I didn't say competing currencies are a benefit to the Fed

Gold or silver competing currencies are a joke to the Fed. They will do nothing to effect their multi-mega trillion dollar privately owned world reserve currency. It's like releasing a few ants to compete with a wild herd of buffalo. But also keep in mind... who do you think invented the term "the gold standard"? It wasn't Ron Paul or Austrian economists, it was the owners of the Federal Reserve, the original goldsmiths who created fractional reserve lending through which they horded a majority of the world's gold. Do you think they just got rid of all that gold because now they can achieve the same monopoly on money with paper? These original goldsmiths have always been accumulating gold and using their paper Federal Reserve notes they create out of nothing to do it. So nothing will change with gold as currency and they'll know before anyone else when if ever the dollar will be backed with gold and they'll just use their notes and other assets to buy up even more of it. How are RP supporters, many of them indebted, poor students who might have a few silver coins to rub together, going to compete with that?

Do you see how silly all this is? Do you think Ron Paul doesn't know this when he holds up a tiny silver coin as if to intimidate the ancient money masters? The day he held up that coin they knocked down the global price of silver as if to say... "Oh ya... we've got plenty of those."

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

when the dollar loses all

when the dollar loses all value through hyperinflation, gold and silver will still be wanted by other countries, regardless of how much is stored in secret vaults or what have you. i agree that there will always be some manipulation, but we better establish a form of currency that is at least backed by something of value.

"currency that is at least backed by something of value"

People should back the currency. They are the root source of value on this planet. It is not gold, silver or corn the Farmer will reap with His sharp sickle.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

One person tried to resolve depression by means of war,

and that was Hitler. USA won WWII because She was fighting for justice against Hitler and his rule. USA will not win any war that She leads in order to resolve her depression. But, war profiteers will win any war, by definition.

Krugman got a Nobel Prize to teach us better. It appears that he got the Nobel Prize to promote the agenda of super rich while pretending that he protects the people.

The “free market”

The “free market” really means that private banks are free to print money for nothing and use it to buy up everything for free,,, for them everything in the market is for free… hence the “free market”

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

Krugman got Swedish Central Bank prize & paper-money.

There is no Alfred Nobel prize for Economics. The Economics prize is awarded & paid by the Swedish Central Bank. The Swedes must pay taxes to pay for Krugman's nonsensical prize.

There is no Nobel Prize for Economics. Swedish Central Bank gift Submitted by Mark Twain 05/01/2012

Alfred Nobel, Swedish industrialist, engineer, and inventor, Alfred Nobel built bridges and buildings in Stockholm. His construction work inspired Nobel to research new methods of blasting rock. In 1860, the inventor first started experimenting with nitroglycerine.

Nobel Patent Detonator - Blasting Cap
In 1863, Alfred Nobel invented the Nobel patent detonator or blasting cap for detonating nitroglycerin. The Nobel patent detonator used a strong shock rather than heat combustion to ignite the explosives. The Nobel Company built the first factory to manufacture nitroglycerin and dynamite.

Nitroglycerin and Dynamite
Nitroglycerin was first invented by an Italian in 1846. In its natural liquid state, nitroglycerin is very volatile. Alfred Nobel sought to use it in a solid & stable form. In 1866 he discovered that mixing nitroglycerine with silica (sand) would turn the liquid into a malleable paste, called dynamite. One advantage of dynamite over nitroglycerin was that it could be cylinder-shaped for insertion into the drilling holes used for mining.

Patenting of Dynamite
In 1867, Nobel received U.S. patent number 78,317 for his dynamite. To be able to detonate the dynamite rods, Nobel also improved his detonator (blasting cap) so that it could be ignited by lighting a fuse.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

How does krugman make the argument

that free market capatalism caused the great depression?? The FED held interest rates below the rate of inflation throughout the twenties and then refused to liquidate all of the malinvestment until after WWII! If the crisis had been left to the market it would have corrected much faster and the economy would have been much more sound and robust after it was finished.

Those that have become educated in Austrian economics need to engage in these debates as often as possible and make it heard as much as we can. Every time Austrianism is defended against interventionism it is no contest.

Another thought to consider

You allow for competing currencies, say gold and silver coins as RP suggest… to compete with the private Federal Reserve Notes in the free unregulated currency market… The Fed will have an instant monopoly in the currency market because of all the existing FRNs in circulation… what’s to stop them from using their currency (FRNs) that they can print for next to nothing, to buy up all the other competing gold and silver coin currencies that are entering the market and hoarding them in their vaults?

If X1 amount of competing gold currency will buy 10 number of goods, and x1 amount of FRNs will buy the same 10 number of goods, what’s to stop the Fed from offering x2 amount of FRNs which can buy 20 number of goods for that x1 amount of competing gold currency that can buy 10 number of goods? That way they can exchange their worthless paper for gold and silver on the free currency market and buy up all the gold and silver.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...

well if they did that it

well if they did that it would lead to inflation and dollar devaluation. the more they print the less they can buy with a currency that is no longer trusted, so they would have to limit or else they would run themselves to the ground. Would you trade your Gold for a handful of worthless paper? we only do that right now because the dollar is the only legal tender and so they already have the Monopoly.

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“well if they did that ..

“well if they did that it would lead to inflation and dollar devaluation. the more they print the less they can buy with a currency that is no longer trusted,”

Well if things got a little out of hand they could order their banks to call in existing loans and to start selling T bills to pull in some of the excess liquidity.

Of course such a small percentage of the population own gold currency it will only initially trickle onto the market for exchange purposes. And those who don't know anything about gold... 99% of the population... will just keep the FRNs.

“Would you trade your Gold for a handful of worthless paper?”

If the amount of paper they offer can buy twice as much as the given amount of gold people possess… what’s to stop people from trading it?

“we only do that right now because the dollar is the only legal tender and so they already have the Monopoly.’

And they will still have a monopoly when those other currencies (gold or silver) are legalized because there's no way that amount of gold or silver currency is going to flood into the currency market fast enough to threaten their monopoly… and they could easily buy it all up with FRNs as it starts to trickle in.

"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
http://www.youtube.com/watch?v=odcGSi286a4&feature=plcp&cont...