Congressman Ron Paul Schools Bernanke on the Bailout Plan
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Video Description:
Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout.
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Tags for this video: Authority Bail Bailout Bernanke Constitutionality Debt Depression Federal Fixing Monetary Out Paul Price Ron Street Wall
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| BAILOUT: Ron Paul Educates Bernanke...yet again 9/24/2008 | Bill Clinton On The Bailout | Paulson Bernanke 700 Billion Dollar Bailout Explained |
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Gold has intrinsic industrial value.
Also, its rarity, divisibility, and corrosion resistance make it ideal for use as money.
A funny thing about your dumb comment is that space exploration incorporates gold all over the place.
~tim6575~
So we should go back to a trade and barter system and eliminate all currency?
Never heard a guy say Uh that many times.
As soon as Paul said "Coins" he had Bernanke.
Then he smiled and everyone paid attention after Bernankes foolish winded comments.
Truth conquers complacency.
I know a lot of people out there are "anti-anything-arabic" but you have to research into what I just said.
Also watch ZEITGEIST it'll open your eyes!!!
Enlighten us.
The point is that a standard based on real value forces us to live within our means, and prevents *huge* bubbles from forming.
Even your pal Greenspan has admitted that.
Todays problem was created because they capitalized U.S. Banks with foreigners money rather than capitalizing them through the Federal Reserve.
We were fine for 80 years since Roosevelt put proper controls on after the recession, then low and behold they deregulate and now this.
Really? If you honestly believe that you can fill in the second part of that statement, I'd recommend running for office--I'd even vote for you. But you can't honestly tell me that a regulated economy is better than a a free market. Roosevelt continued the detrimental policies of Hoover, consistently trying to artificially prop up prices and wages. The New Deal was a disaster. This Keynesian ideal you have regarding the welfare state seems misguided
O.K. so let's get this straight as a slinky. You trust the word of a mad man who has murdered thousands including the 300,000 mass graves found in his backyard that "we don't have any WMDs" despite his history of trying to acquire nuclear material and indeed having chemical weapons;
YET, you will NOT trust the word of it's own Govt regarding your isolated Basra incident?
Idiot?
Let's see if plain history might suggest something else. Since when have countries like Iraq, would regress in technology or advancement of such intended "defenses" as time moved forward? Here you have a country that has 1/3 more GDP than Libya, yet Muammar al-Gaddafi (the Bin-Laden of the 80's which most people forgot) gives up it's nuclear weapons during the Iraq War.
The incident, which Human Rights Watch (HRW) defined as an act of genocide, was as of 2008 the largest-scale chemical weapons attack directed against a civilian-populated area in history...The attack involved multiple chemical agents, including mustard gas and the nerve agents sarin, soman, tabun and VX. Some sources have also pointed to the blood agent hydrogen cyanide.
(Again, you can thank Wikipedia)
The Halabja poison gas attack occurred in the period 1617 March 1988, during the Iran-Iraq War. Chemical weapons (CW) were used by the Iraqi government forces in the Iraqi Kurdish town of Halabja, killing thousands of people, most of them civilians (3,200-5,000 dead on the spot and 7,000-10,000 injured. Thousands more died of horrific complications, diseases, and birth defects in the years after the attack.
(Wikipedia)
June 7, 1981 Nuclear Power Plant built by Iraq and supplied by the good ol' French in an area called "Osiraq". This name-place in Iraq is not indingenous to their language. It is a combination of the name Osiris, the Egyptian God of Death, and Iraq. It was injured by The Iranians, Bombed by Israel, and finally annihilated by the U.S. in the '91Gulf War. Yep, not found
And to further the irony, Iraq has 2x the GDP of N. Korea and yet they magically acquire Nuclear Weapons, and thus now we have a nuclear crisis with that wack-job of the North. There were empty cannisters found in Iraq which have been criticized by self-agrandizing idiots from Columbia University who mocked that they could not possibly be used for centrifuging, yet Omei Obedei who was the president of Iraqi minining and centrifuging said, "yes they could"
The problem is abuse of the system the same way a Gold Standard can be abused.
Perhaps you are confusing a Gold Standard with Bretton Woods?
What do you think about Ron Paul's commentary about Farm Prices and plowing crops under?
which means it didn't exist in 2001 when the threat of WMD's was used to justify the invasion and occupation. thanks for disproving your own point.