Ron Paul vs. Ben Bernanke
Posted July 16th, 2008 by freedom1776
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this is a good one, ron paul talks about Bernake
Be fierce people, they are trying to bury everything and watching our board
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Please everybody digg this
It's at 328 now which means it can't be far from going front page, but time is running out. If you want 10,000 more people to see this please digg away.
Cheers
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That submission has already
That submission has already been buried. The interview on Glenn Beck, which was really good, hasn't been buried yet though:
http://digg.com/search?s=...
LOL! The head of the FED admits that Inflation is a tax!
This is a historic moment and has so many implications it is mind boggling :)
When the FED admits it is taxing the American people resorting to inflation, the questions that must follow should be related to representation, proportionality and progressivity.
We must continue to question the justice of this tax and we now have confirmation of the function of inflation, straight from the lions mouth.
Peace
He is setting himself up to win at ...
the blame game.
This has been going on for eons. Back to the Greeks.
I actually have improved my judgement of Ben by this testimony.
WAHOR!!
RON PAUL BLASTING BEN BERNANKE COMINGUP NOW`
On CNBC WATCH!!!
While obviously I agree with
While obviously I agree with Paul, am I the only one who believes the real problem is not some big complicated economic problem or some other big problem but rather simply the stupidity of everything about Iraq. I think it's a misjudgment to believe where we are today was some sort of inevitable fact because of the behavior over the past 10 years or 20 or whatever. I believe it is as simple as the Iraq situation has caused our current problem. It is that simple. I think we get lost in thinking too complex about the current situation because intuitively we think it is too complex to be simple.
It's not just that though...
Yes, printing money to pay for Iraq hasn't helped, but the Fed maintaining interest rates so low for so long is the other culprit. And it's the culprit that the average American has no clue about. Everyone knows the war is costing a bunch of money, but unfortunately they don't realize all the malinvestment and overborrowing that has occurred due to Federal Reserve policy.
I was in the mortgage industry til about 2 years ago, so I know first hand what went on. It was like the wild-wild west. The mortgage meltdown and the failure of the banks has nothing to do with Iraq... and everything to do with artificial manipulation of the interest rates by the Federal Reserve. We're just now beginning to see the effects of this, and it's only going to get worse.
Not the only one
You are certainly not the only one. I do not believe that, however. And I would go further to assert that everyone who does agree with you is totally incorrect. Iraq is a problem. It is a big problem. Is it half of the problem we have in the US? No. A quarter? No.
Iraq is a small part of the US empire mentality, as you could learn from Ron Paul if you would take the time to read his book and listen to him. The US empire mentality probably is over a quarter of our problem. Maybe bordering on half.
Other problems:
(5) Undisciplined and irresponsible behavior among the populace.
(4) Breakdown of family identity and committment.
(3) Violation of individual rights by private corporations.
(2) Unconstitutional activities of Federal government.
(1) Lack of education and love of independence among the citizenry.
There may be (many) others starting from (3) and going down, maybe some even bigger ones. Those aren't so important to us now, in the sense that there is no obvious and practical way for "us" to do anything about them. What is important is that (1) is the biggest and most important thing for us to "fix," and we need to focus on it and fix it.
No you miss my point
No you miss my point completely. Paul misses this as well. You simply don't realize the enormity of our current situation is the result of the Iraq War. All those other problems have existed for many, many years. He (and you) are allowing the current state to blur your perception because the current situation is forcing what we want onto the front page. Hence, you are partly happy what is happening because it is giving weight to the argument. If the Iraq War didn't exist we would be dealing with the various problems but not in the scary situation we are today because of the Iraq War. It's an aberration.
Thank you
I think I see your point. I would suggest, however, that we (Ron and I that is) do not miss this factor completely. The Iraq war is certainly a locally significant aggrevation to a nation that is fundamentally off course. I would still suggest, however, that you may overestimate the influence of Iraq in two ways. First, the US military action in Viet Nam was a much bigger aggrevation, but it didn't sink the ship. If Iraq does sink the ship, it will not be because the current military action in Iraq is somehow more stupid and screwed up than the one in Viet Nam, it will be because the ship is all that much easier to sink due to other factors. Second, you say (below) something like "everyone" is upset about Iraq. Quite to the contrary, I would say that far too few people are as upset as they should be. I just read a major piece yesterday (Christian Science Monitor) which was pitching that Iraq was looking like a "success" in many ways, congress was loosing interest, it was likely to become insignificant in the coming presidential election (which was their main point), etc.. I think they may be right, not because Iraq isn't a major issue, but for the everyday activities of our socialistically minded (i.e., liberty ignorant) citizens it will not be enough of an aggrevation. It could just blow over (and add one more load to the Camel's back---with Afghanastan and Kosovo and...).
So, in sum, I really don't see what point you are making with your original comment. Ron Paul and I should stop working toward the big picture of getting people to value liberty and independence and the constitution...because Iraq is the only problem??????? What if it blows over?
Let me add that I am not totally convinced by Ron Paul's arguments that the major event (the sinking of the ship) is upon us. He may be correct, but such things are very difficult to predict, and there may still be some mollifying event (which we cannot predict) that will allow things to continue as before so that the eventual aftermath (bursting bubble, whatever you want to call it) will be all the worse. Or alternatively, that we will have more time to back out of the general mess in a more greceful manner. For the latter to take place, we need to concentrate on (including define and work for) the campaign for liberty. Whether the official CFL turns out to be the venue through which that might be able to happen is still unclear.
I think I get what you are
I think I get what you are saying. Are you saying that the Iraq War is a catalyst? All these other things that RP and others have been saying are important ingredients, but nothing brings the potion to completion without the Iraq War (I.W. to shorten it)? That without the I.W. our little "potion" would be nowhere near as potent, simply as "stew". I hope the "potion" vs "stew" analogy makes sense.
I think he has a point in that...
the Iraq war is costing SOOOOO much... I mean our normal military spending is astronomical anyway, and this war is costing us Trillions.
But my point is that it's just speeding up the inevitable. This deal with the banks and the mortgage market has nothing to do with Iraq. The Fed and the regulators created the mortgage meltdown. Iraq is just adding to the inflation causing a perfect storm in our economy. It's not a catalyst, per say, but more of the straw that broke the camels back.
I believe all this stuff would've happened some day anyway, due to the nature of a fiat system, but the government is doing everything they can to speed it along.
I would agree it's not so
I would agree it's not so much a catalyst. To go with the potion analogy, I would say it's more like a foreign object has been thrown into the mix and as a result the potion has gone haywire, a potion that wasn't very stable to begin with.
However, I do disagree the two are unrelated. I mean clearly they are functionally unrelated. One has nothing to do with the other in terms of motivation for their events. People were giving and getting mortgages and that was that. The war has been going on and that is that as well. Two separate events. I agree. However, I think it's irresponsible to believe the two do not influence each other. As you say the war is costing SOOOO much. So my point is simply these economic problems may have occurred, we just simply would have been able to absorb it more so if there was no Iraq War. While this "stuff" may have been inevitable, I think without something like this stupid war, there would have been more freedom and more time to deal with correcting the mistakes. Now it's sorta caught everyone by surprise instead and everyone is frantic.
K.I.S.S. doesn't always work.
I think the Irag situation is definitely a large contributor to our current situation, the lion's share can't be heaped on G. Bush solely (good Lord, please don't flame me, DPers!!, hear me out!).
While I am no "expert" on world (or even simple national) finances I would like you to look at your local newspaper. Or atleast my local newspaper ("The Virginia Pilot" via the Assoc. Press). They carried a story about the recent Gov't intervention on the behalf of Frannie Mae, Freddie Mac and IndyMac. IndyMac was shored up to about to the tune of 32 billion dollars. If the gov't props up Mae/Mac it'll be 5 TRILLION dollars. That is half of the current debt. Bush's administration would support this. It's likely, based on recent trends, that Congress wouldn't oppose his wishes. Therefore, we the taxpayer would get to bail out some major banks. YAY! Now, Bush obviously supports this, but congress could/should oppose backing up companies with "we the peoples'" money. It's been this way for a long time, taking from everyone to cater to a select few.
This is where I think you get into the heart of why I (and a lot of others) support Paul. Constitutional gov't. Non-welfare state, no socialization of medical systems, lessening Federalization, etc. All that these things mean is taking from all to give to a few. As Dr. Paul said at the recent rally in DC (which I had the honor of attending!), Personal and Economic Liberty are very closely intertwined; for, without Economic liberty one is hard pressed to pursue Personal liberty.
I think you are correct when you say that sometimes we over complicate things, as people. But sometimes you can't get "tunnel-vision". In this case, our government doesn't just have indegisition (aka "The Iraq War"), it has Intestinal Cancer (aka Over spending, Special-Interest Lobbying, Globalization, etc, etc, etc; basically read "The Revolution: A Manifesto" and take your pick).
They won't have to shore up $5 trillion...
The good majority of Freddie and Fannie's loans are good solid mortgage loans. I'd say less than 10% would really be that questionable, if the economy wasn't so bad to begin with.
Indymac, however... they are a sub-prime lender, primarily. Lot's of jacked up loans, trust me. I ran many a loan though Indymac as a mortgage broker. They were heavily involved in the wild wild west aspect of the mortgage market over the last 10 years.
Need Dummies Guide to Federal Reserve
Ron Paul’s message about the Federal Reserve is extremely important. However, I don't think that Joe Six Pack would understand much of anything that Ron Paul said here. I wish that someone would figure out how to make these points using words that a sixth grader could understand. I want Joe Six Pack to get furious that the Federal Reserve is causing his family’s gasoline, food, and heating oil costs to increase so sharply. I would love to see a working group consisting of a PR/marketing/advertising whiz, an Austrian economist, a few meetup group organizers, and fundraising wizards work together on how to educate the masses.
Dr. Paul should consider
Dr. Paul should consider tailoring his speeches. That speech would be great for a political rally, but not for a Congress meeting. He's trying to persuade an UNFRIENDLY/UNFAMILIAR audience. Yet his speech is one long tirade on the evils of the Fed.
The content is golden, but he has no structure. If a person were even little less than uber-interested, I fear they would lose interest and the message would be lost.
He doesn't have to change his message, he just needs to create a better structure to his speeches, so people can follow him. Otherwise people are too focused on dispelling the ambiguity in their mind that comes from not knowing where they are in the speech, rather than focusing on what he's saying.
There has been plenty of
There has been plenty of discussion about Ron's failures as a speaker (whine in the voice, disjointed delivery of thoughts, addresses complex issues in a complex way instead of simplifying them, etc....) but ya still gotta love the guy. He really needs to seek the advice of a professional speechwriter.
Congress should model itself around Ron Paul ...
... and Dennis Kucinich and other like-minded people. We want our country back. We want congress and our leaders to do the right thing. McCain could never do what Dr. Paul can, because McCain is part of the problem too, like the Keiting 5, slapping Boeing in the face, and so much more. Ron Paul and his delegates and supporters are the only ones giving me real hope.
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Show your support on the Ron Paul Map !
People worldwide support Dr. Paul too :-)
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180 on digg!
Let's get it to the front page!
I have ESP and can tell what Ben was thinking ...
on the video shot the last 1 1/2 seconds.
"He is absolutely right and I only wish I was just as smart as congressman Paul to realize what good old Alan was doing when he retired when he did!!!" ...
"Eureka!!! I just figured out why Alan no longer returns my calls."
WAHOR!!
hahaha
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rp vs bb
awesome. thanks for posting. this video made my day at work a lot more enjoyable.
Jim Rogers Hedge Fund mgr on Ron Paul, Bernake, US & China
This is a dated interview, November 2007, but may be still worth your time.
http://www.youtube.com/wa...
Unlike Soros, Jim is not liberal.... Jim is a Ron Paul supporter & libertarian
http://www.youtube.com/wa...
Leave it to the British to make a true comedy about the banking crises
http://www.youtube.com/wa...
In Peace & Liberty,
Treg
Good Stuff
What a pleasure to watch a man so gracious, articulate, passionate and intelligent as Ron Paul.
The "price" of oil hasn't gone up!
Bernanke stated that he agreed with most of what Dr. Paul had to say. Unfortunately, he again tried to obscure the real reason behind soaring oil prices. As I have pointed out before, the price of oil has not gone up when purchased with gold. The increased price of oil is almost exclusively due to the inflation of fiat currencies such as the American dollar and the Euro.
There is a very powerful graph which proves this beyond a reasonable doubt.
http://www.ronpaulforums....
I wish that every American could see and understand this one graph. I would LOVE to hear Bernanke explain this away. I think it is irrefutable proof that the current skyrocketing price of oil is a MONETARY problem.
Thanks, freedom1776
Thank you for posting the vid. Best moment: "YOU'RE the biggest taxer"
I do wish RP had sunk his teeth into Bernanke a bit more, but I also see that RP uses this forum as a way to educate those who are watching, both live in the room and over the tube.
Sadly, a lot of the people who need to be educated were over on some other channel watching their favorite morning chat show instead.