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Ron Paul on CNBC: telephone interview; 5-4-12

Telephone interview and excellent.

http://ronpaulnews.net/20...

http://youtu.be/Mxw5oy_OH1s



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It doesn't feel...

like I am failing. Yes thats because the Federal government is propping you up dum dum. One day it will all come crashing down and you won't have fun fun fun when daddy takes the t-bird away.

"Once you become knowledgeable, you have an obligation to do something about it."- Ron Paul

FYI - US Exit Tax - the 2008 Heart Tax

In 2008 the HEART ACT was passed. To leave the US, and you are over 18.5 years old, you will need to pay 35% of your current net worth to leave (the IRS counts this as selling all your possessions - whether you keep them or not). "Sounds like a fence to keep us in".

www.renunciationguide.com/Exit-Tax-on-Renunciants.html

"The “Heart” act of 2008 (a bill whose main intent was to increase benefits for veterans and families of deceased military members) included for the first time an “exit tax” on American citizens who renounce their citizenship. The law passed Congress by a unanimous vote. Lawmakers attached the exit tax to the HEART act as a revenue enhancer..."

I cannot believe Ron Paul voted Yes on this.

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"

Everything Ron said is "golden", post chat is pro status quo

There is too much cheap money in the world. No one wants to swallow the pill.

That is an opening line from Wall Street (1987)..."Their is too much cheap money in the world, we should have never let Nixon go off the Gold Standard". Well 26 years later the problem is now serious.

There is no truly competitive currency in US - I wish Ron had expressed "competitive currency" earlier in the campaign (instead "gold standard"), so the pundits would not quote him out of context. Precious metals currently have Capital Gains Taxes.

Couple of points.

-Tech stocks do well against inflation, since technology can come up with cheaper ways to do the same...by adding tech into the CPI, Clinton falsely made inflation grow slower (by Govt. numbers).
-Off shore labor reduces the cost of goods, reducing the effects of inflation, but at the expense of our trade deficit and increased government spending (UEI, food stamps and benefits).

We are in the midst of large slow economic correction (actually transformation)

The dollar is sinking in buying power even with cheap global money (look at USD vs EUR, JPY etc.), technological advances, and our migration to the off-shore and H1B labor force. The economy is 'muscle correcting' despite on FED intervention in a "free-market" manner. Companies continue to leave the US, jobs are disappearing and technological development moves to lower cost countries (India, China, eventually Africa).

The correction will be complete when Government Spending and Net Trade dominate the GDP, and Consumer Spending and Investment will fall to record lows. Hopefully by then, we all will have found new greener pastures.

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"

ANY1 Notice..

"One the phone" graphic?

More proof the education system is working

Yes. Not only is the dollar shrinking...apparently intelligence is too.

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"

You already buy gold with

You already buy gold with dollars...its already there.
So that means we are already on the gold standard.

The market buys Apple products with dollars....its already there.
So that means we are also on an Apple standard.

Anyways gotta go, gotta work overtime to make some more money(umm...i mean paper currency) to buy my new iPad.
See....falling dollar does improve our standard of living. Im working overtime instead of goofing off at a bar.

dumb blonde-

"when the dollar falls it because we spend more" -
we? the government is the one "spending".

"typically the dollar doing worse is a signal of our economy doing better".
if the economy were doing better then yes, dollars would be flooding the market and demand for dollars would go down, but we all know, and they say it on the f-ing show even, that the dollars in the market are coming from the fed. not from any real wealth or savings.

she's right... while we are inflating, the economy isn't in an obvious, downward spiraling recession. that's called the "boom" part of the cycle, when the bubble bursts, a market correction called the "bust" occurs (like in 2008 for housing). when that happens with the dollar even that rich bitch won't be able to deny it.

History Repeats with Precision - Paul Krugman = John Law

When no one but the FED will buy short term treasuries, the dollar will tank. It will not be gradual, it will be like the Greece or Italian debt recently...like a rubber band that snaps. Since the US does not prohibit foreign property ownership I suspect we will see lots of foreigners next door.

This is why 'Bond King' Bill Gross favors Ron Paul. History is repeating itself with crystal clarity. Read what happened to France early 1700's

France's economy was stagnant and her national debt was crippling, John Law proposed to stimulate industry by replacing gold with paper credit and then increasing the supply of credit, and to reduce the national debt by replacing it with shares in economic ventures. Though they FAILED, his theories ironically live on 300 years later and "captured many key conceptual points which are very much a part of modern monetary theorizing".

That is eventually how we got the Louisiana Purchase so cheap, and it maybe how we lose it.

BTW - John Law escaped the guillotine by impersonating a woman and fled to Italy.

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"

i mean

obviously an increased supply of dollars is going to push the price down. but if its out of thin air? that proves the economy isn't attracting the dollars in the first place.

Exactly

I spit out my coffee when she said that. FED shill no doubt.

Now it's about the Constitution and the fight to defend it.

No need to worry

The Titanic can't sink, the Titanic is unsinkable.... Everything is ok just keep watching tv.

LOL

to come later..."yes she can, she is made of iron, I assure you she will"

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"

And when she does...

She'll sink pretty quickly. Sadly.

I believe in the freedom to be what we choose to be.

...hmm

That was an absolutely amazing interview up until the very end when everyone at the table had something to say to try and contradict Ron's theory on Gold and Silver backing the dollar and not a printing press. Real work=real wealth. It never ceases to amaze me.

"It's a struggle day and night. But you got to keep up the fight. Real eyes realize real lies. Revolutionize.
Break the chains and hold on tight. Your mind is your souls sight. Think for yourself, stay alive. Revolutionize your mind."

Vapid air-heads. I hope they

Vapid air-heads. I hope they lose everything.

"The United States can pay any debt it has because we can always print money to do that." — Alan Greenspan

Vapid air heads and clueless

How bout that guy at the end saying gold is already setting the value of the dollar because you buy gold at a price set by the market. What a dope. He totally misses the point.

Idiots

Why do I get the feeling this bunch sits around at home with a pile of credit cards transferring balances every month and reading Money Magazine?

They base their 'wisdom and insights' on symptoms of a rigged, fiat, debt based economy and say our standard of living gets better when the Dollar gets weaker. You can tell they live in rented shelter and make payments on cars. They don't have any hard appreciating assets. Otherwise they wouldn't talk that way.

Stupid asses never saw $.39 gasoline. A new car with everything on it for $4,000 or a nice night out for two on $25.

At the end the one guy says

At the end the one guy says "the market already sets the price of gold, you buy it in dollars", as to imply we already have a gold standard....... not exactly how it works bozo

A nation of sheep breeds a government of wolves.

I just posted the same comment.

Guess I should have read all the responses first.
Absolute dope that guy.

Regarding alternative currecnies...

Let us not doubt that the GOVT is actually preparing to introduce an alternative currency after the dollar collapse. Especially one that is UN backed and promoted! Do you think that Obama and Bernanke do not know that they are driving the country toward a cliff? They are not stupid at all - they know exactly what they are doing!

This is why it is so important to allow competing currencies now, before SHTF. So that we have a way to resist the new currency.

If we do not already have an alternative currency when the dollar collapses, we will be FORCEFULLY MADE to use the other currency, perhaps a global one.

That explains why Ron Paul is doing what he is doing at the age of 76. He gets it. Thank God for people like all of us who also GET IT!!!

2 years ago these thoughts would be heresy.

Now a Gold Standard is being discussed! Unbelievable. They aren't quite there, but it's getting close.

Tricks and treachery are the practice of fools, that don't have brains enough to be honest. - Ben Franklin

What a maddening media format

What a maddening media format that show has! Everything is turning, like in order to entertain a bored child. And in the end they pretend to play smart by showing some irrelevant price history diagram, and drawing two toy-green arrows on it? What clowns, what a comedy! How absurd to hear Ron Pauls voice of reason in this circus.

Acknowledged & Noteworthy

Ron Paul's been on quite a few of these shows in person as well as video & teleconference. Has Mitt Rmoney or Obama ever appeared on any financial shows? I appreciated how they acknowledged Dr. Paul as a Republican GOP candidate.

Dumb Blonde/Typical New Yorker

"I don't feel like we're in a dollar crisis." As fellow New Yorker who spends $1200 on my room (which is cheap), living in MidTown Manhattan most people here are so out of touch with the rest of the US its not even funny.

Here's a Bill Board of Typical New York Mind set
http://www.facebook.com/photo.php?fbid=3642351373036&set=a.1...

"If you think we can't change the world, it just means you're not one of those that will"

Jacque Fresco

Oh Yea lady, and how far does your dollar go exactly?

Lady, you're really smokin some really powerful stuff...Sh#t for brains..

I don't think Dr. Paul watches money in motion..

RP doesn't watch that worthless drivel with failed traders guessing wrongly about where the next move in the euro dollar will be. He just said currencies are a very important part of global markets and more people should be paying attention to them, ie the destruction of their value.
Great comments by Paul. Terrible uncontested comments by the snake oils sales men/women.

SteveMT's picture

Notice that they ended the interview with Ron Paul,....

before they started spewing forth their crapola.
Ron Paul would have never let them get away with those comments had he still being on the phone.

Thought it was a good interview

Paul really shows his has a grasp of knowledge on economic issues in general and specifically how the value of the dollar effects "regular" people - I think sometimes these wall street shows forget about main street people - they are so caught up with those involved in investment banking and trading markets - which is a different world.

I thought the point about people on "fixed incomes" (ie seniors on social security) losing purchasing power and having their incomes go down because of inflation was an imporant point the Dr Paul brought up.

In anycase - it would be a real game changer to have someone like Ron in the White House. Someone who couldn't be manipulated and used by the central bankers/big banks

Yeah, our man rocked.

He just keeps getting better and better at interjecting real solutions into their fog of misdirection.

It's great knowing what I

It's great knowing what I know. So when the s**t hits the fans, I won't be on the side of shock and awe, I'll be on the side of "Well, I told you so."

"It is the duty of the patriot to protect his country from his government." - Thomas Paine

(╮°-°)╮┳━┳ (╯°□°)╯┻━┻ "RON PAUL 2012 DAMNIT!"