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Ron Paul: Currency Devaluation Is `Dangerous' - Bloomberg 2/8/2013



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great anchor

its good to see an anchor giving Dr.Paul time to answer and actually understanding what he is saying and not just criticizing or twisting his words.
oh well this is Bloomberg and not fox or MSNBC.

----------------------------
Dr.Ron Paul's 2002 Predictions
http://www.youtube.com/watch?v=zGDisyWkIBM

Great interview-

She caught me off guard there for a second saying "I'm playing Devil's Advocate" rather than pretending RP's the devil... and the Fed's doing god's work. Smooooth-th.

Still, how can someone ask with a straight face if you think they're [the Fed] doing it on purpose [devaluing the dollar] when the dollar's chart from 1913 to 2013... oh well, Dr. Paul's got the right touch. And it's sure starting to pay off.

"If you want something you've never had before, you have to do something you've never done before." Debra Medina

Great to see the gentleman

Great to see the gentleman from Texas has not slowed down one bit.

Ron Paul is my president.

Ron Paul is my president.

Resist the temptation to feed the trolls.

Cyril's picture

:)

:)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Damn..

It must be rough and tough being Ron Paul. Kudos to standing up.

'Peace is a powerful message.' Ron Paul

"Dr. Ron Paul"

It's nice to see them put Dr. In front of his name.

I'm a bit perplexed about the ending though. He says he is not for the gold standard but then seems to say that we need currency backed by gold and fiat money has never lasted. Isn't that a gold standard? If not, what is he for?

Cyril's picture

That's a good question, which used to intrigue me, too.

"[...]seems to say that we need currency backed by gold and fiat money has never lasted. Isn't that a gold standard? If not, what is he for?"

That's a good question, which used to intrigue me, too.

Here's the thing: the gold standard (whether called that way or not) has been tried many times throughout History.

And what did History show? It turns out that all over the place on this planet, pretty much every time, the governments just cannot resist the temptation to leave it (the gold standard) more or less directly to replace it brutally or progressively by a fiat money system... and as we also know, THERE IS NOT A SINGLE example of a "successful" fiat money system - that is, one which DID NOT collapse BY ITSELF, soon or late, in time ranges of the few decades on average.

My belief, but I may be wrong, is Dr. Ron Paul has the intuition that if we favor competing currencies upfront instead (one of which would have a gold basis, no doubts) it might be much more discouraging / more difficult for governments - for several practical reasons - to repeat the same recurring error in / out their single gold standards over time (as they have demonstratively proven themselves to be very good at messing up things there).

Makes sense?

'HTH,

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Ironic?

Although I applaud your experience, hunker down and take names.

When TSHTF we will need patriots.

True story.

'Peace is a powerful message.' Ron Paul

Competing currencies.

Competing currencies.

Simple Facts and Plain Arguments
A common sense take on politics and current events.

www.simplefactsplainarguments.com

bump

bump

Good Interview!

Thanks for posting eduardo89

This is great. You can tell

This is great. You can tell the man is getting more rest.

Cyril's picture

BUMP.

BUMP.

When Dr. Ron Paul has something to say about currencies, you better LISTEN.

Thank you Dr. Ron Paul.

(and thank you for posting, OP)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

SteveMT's picture

Well yea. Guess what Venezuela just did?

So, if Americans could buy oil directly from Venezuela,,,

It would cost a lot less U.S. dollars, then it did last week.

beesting

You can always count on me my friend

Rated & left a comment.
Good find.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

DJP333's picture

Its always good to hear Dr. Paul talk economics

I don't really watch TV these days, so I really appreciate you catching these and uploading. Thanks for all you do for the liberty movement!

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

Always so great to see and hear Ron Paul

BUMP for education!

I'm hoping he goes on TV more

I'm hoping he goes on TV more often now that he can really speak freely.

Definately!!!

Most definately!!!!!!

Dr Paul right again

...

Ron Paul

is my home boy hes the truth champion of liberty and sound money FRN"S are not sound.

Albert Camus — 'The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.'

Thank you

Big bump.
Sharing on Twitter.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Thanks for the bump and

Thanks for the bump and share!

another bump

Keep up the good work!

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

thanks again :)

thanks again :)