Excepts of Congressman Ron Paul (R-TX) from a documentary “FIAT EMPIRE – Why a Federal Reserve Violates a US Constitution.” Dr. Paul discusses a origins, operations as well as formula of a Federal Reserve System as well as fiat currency upon a US as well as tellurian economy. The complete film, Fiat Empire, can be accessed during www.FiatEmpire.com or without delay during Google Video during http “This Telly Award-winning documentary upon a Federal Reserve System was desirous by a obvious book, “The Creature From …
Ron Paul on Federal Reserve, banking and economy
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O Rly ?? how can you dispute that creating money out of thin air leads to devaluation of a currency? If gold is legal tender then you can’t have inflation (negligible in relation to how much is mined) and an economy cannot be manipulated?? how is this shit?
I’m surprised people actually believe this shit. Now maybe it’s because I’ve taken classes on banking that I can provide a rebuttal for EVERY argument he makes because he is utterly WRONG on every one, but I knew half this shit before that too. WTF why do people want him for president?
Americans don’t want a Trotskyist Judeo-Bolshevik system a-la George Sorros, nor do they want Ann Rand/Murray Rothbard style Judeo-Libertarian capitalism.
Sadam was executed, no womd, why are we still there spending all this money, to build a great country there, and watch this one crumble? Vietnam is a functioning economy with a stock market, man our efforts and blood are really helping everyone, but us! Our founding fathers and dead soldiers of all eras are rolling over in thier graves.
the reason to leave the gold standard is to build an empire,which will fall because it is unmanageable, and soon their will be a dollar crisis,we have bank failures now and then because of fractional reserve banking creating money out of thin air,even those who think they are rich now will not be happy with what is coming.
Thats true, after the Fed was created the MASSIVE swings of the business cycle became much more mild. But I think we may be about to see recomvence for all the fictional money creation our fractional reserve banking system has allowed. Still, its hard to support Ron Paul when 85% of his supporters will believe any half baked conspiracy theory that pops up on youtube.
The JEWstice department will never do anything to these pricks. That would be Anti-Semitic.
the fed rulz.. ron Paul suck s
Basically the federal reserve socializes losses and privatizes profits for banking members. Banks risk money, when times are good they profit. When economy goes sour, no risk, and tax payers are on the hook, direct or hidden taxes like inflation etc. Bankers have access to unlimited supply of liquidity (elastic money supply), and we’re all on the hook, while the banking cartel ensures profits for the banking elite. The fed can/does makes irresponsible gambles, but passes on losses, banks profit
2:50 Stands as a testement that leaving the gold standard was a smart idea. Even if you count the years of high inflation because of the Oil Shocks in the 70s the inflation rate is steady from that point on when they left the gold standard. This limited graph even at the start of the 1910 isn’t fair because it doesn’t look back at the 1800′s when you had periods of deflation and bank failures. Much larger money growth flucuations, with even deflation, which you don’t want, ever, EVER.
Please help support HR1207, Fed will only provide relevant information to our representatives if an Audit REQUIRES it. Our representatives have the right and responsibility to audit the Fed!
The Federal Reserve supports its own expansion, and resists any checks and balances. (those in majority don’t question it because Fed appeases with unlimited expansion of credit by risking/loaning US dollars).
Jackson put on his grave he beat central bank, the Fed was always controversial, AUDIT THE FED!
The US constitution delegates who ‘sets weights and measures’, (ie how much silver in a coin etc), specifically lists ‘gold and silver’ as legal tender, delegates who ‘coins money’ etc. If you ‘coin money’, expensive metals hold intrinsic value. Fiat dollars issued by the Fed aren’t backed by gold or silver (ie. see ‘silver certificate’), are not ‘coined’ (they’re printed). The Fed appeases whoever is in majority in Washington, unlimited irresponsible expansion of credit
so to have one you would have to keep him down!?
gold that you eurpeans stole from everyone else i assume hahahahahaha
You should sign up for the newsletter at authoropen . com ..lots of great advice there and its free anyway so why not
everyone can bitch about how many bills they have. Your payment toward a bill goes to this company, who owes a company, from that company owns the other company and so on……………………….. everyone owes someone. We every day people………………….have not not even in the last twenty years owned ourselves. I start now!!!!!
will the dollar end this year next year-I’m convinced it will end….TOMORROW!!! RUN!! BYE GOLD!
he iz the great man… plz follow him…
No way.The gold standard was a very bad idea.I think, the new money should be first of all commodity, and work hour backed currency.
There was an experiment in the Us, the Ithaca Hour..have you heard about it?
We had a gold standard, remember?
Inflation is rising prices. More money printing leads to rising prices if not matched by supply increases. But remember who the gold bugs were-the wealthy elites.
It isn’t that the gold standard (or at least a commodity backed currency) is a perfect monetary system, it most definitely does have some flaws…But nothing comes close to the flaws of a fiat system, where money can be conjured up from nowhere.
You can’t just conjure up gold, alchemy was never successful…Though you could say it succeded based on the monetary system we currently have, the ‘powers that be’ can create money from nothing…
ron paul is a good man. another good man is alan grayson who also wants to dismantle the feds.
ron paul is good person.federal reserve is criminal bank.all economic terrorism came bye federal reserve.they are ruining world.
GhandifyUs-That is a good question. I certainly don’t have the answer, but I do believe there could be a way to avoid worthless fiat money and have the dollar backed by something instead of absolutely nothing.