Comments on: Ron Paul on Federal Reserve, banking and economy

By: obione888

obione888 — Sat, 07 Nov 2009 18:43:31 +0000

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?

By: sffrickenidiot

sffrickenidiot — Sat, 07 Nov 2009 18:43:31 +0000

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?

By: tinman24601

tinman24601 — Sat, 07 Nov 2009 18:43:31 +0000

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.

By: blldgs101

blldgs101 — Sat, 07 Nov 2009 18:43:31 +0000

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.

By: catman1062

catman1062 — Sat, 07 Nov 2009 18:43:31 +0000

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.

By: Raurex

Raurex — Sat, 07 Nov 2009 18:43:31 +0000

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.

By: sommeflame34

sommeflame34 — Sat, 07 Nov 2009 18:43:31 +0000

The JEWstice department will never do anything to these pricks. That would be Anti-Semitic.

By: phonedial9

phonedial9 — Sat, 07 Nov 2009 18:43:31 +0000

the fed rulz.. ron Paul suck s

By: AProbableAnomaly

AProbableAnomaly — Sat, 07 Nov 2009 18:43:31 +0000

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

By: bryce2197

bryce2197 — Sat, 07 Nov 2009 18:43:31 +0000

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.