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Ron Paul On The Difference Between Fed Secrecy And Transparency
With the media finally waking up to the risk of recurring "systemic threats", aka Goldman not paying $20 billion in bonuses, courtesy of finding out just how much shit is really held by the Fed's discount window, everyone is suddenly interested in hearing it direct from the man at Ground Zero - Ron Paul... Even Steve Liesman, who no matter how hard he tries to spin "Audit the Fed" into "Control the Fed" will fail miserably every time he is not stuck in a patented blathering, factless monologue mode.
Full Ron Paul interview. Mr. Frank, please watch this for the benefit of your already very much imperilled political career - stand against 75% of the US population at your own risk.
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A group can stand against 75% of the population with no risk when they own 75% of that population's representatives.
Ever hear of The Second Amendment?
It takes alot of support to make a caligula. But only one person to erase a caligula.
All we needed to do was pay a visit to Barney and his boyfriend at home a few weeks ago. They just happened to have some pot growing in the window. Funny how Barney went from supporting Ron Paul's bill to opposing it.
Don't like Judd Greg. Don't like him one bit.
If Ron Paul could ennunciate his ideas better and was a better public speaker, the man would already be President. It's just a sad, unfortunate play that someone with such great intelligence cannot formulate the ideas in a convincing enough manner.
It is quite difficult to educate the willfully ignorant, you're right...
Plus it's easier to write. I can't believe I trusted you songs than it is to write I can't believe I didn't trust you songs.
hyperbole? or bad joke?
You see the difference between willfully ignorant and a failure to communicate, is the desire to understand. True communication is complicated, and it is only those who want to understand that tend to make the effort.
Bad joke. It is easier to write I can't believe I trusted you songs. Because trust that exists can be written about. That which doesn't exist can not occur.
It's not willful ignorance. It's illusionary security. They don't know that the trains they get on do not have any desitination. The track lays out each new day. All of them believe they know where it's heading but all of them are wrong. Why should they listen to you or me. There's never been a good shepard. There's never been a peace train. There's never been a completely satisfying ending. That's why those things are all made up, written in imagination. Without them those who know ease. Know dis-EASE. Start having insurmountable trouble.
Said it in another post but it's worth repeating. Egotists need trophys and souvenirs.
http://www.youtube.com/watch?v=uQoYeMAS5qo
Well put. Paul needs a charismatic mouthpiece that can sell these ideas on tv.
Perhaps if xbama said what RP says, then people would buy it, cuz what counts is image, not content. Regardless of the fact that xbama has already proven his words are hollow, but hey, he's charismatic, articulate, and a darn nice guy...
schiff
He needs a speech coach.
Number one: he talks WAY too fast. I bet most people don't even understand what he's talking about.
"I bet most people don't even understand what he's talking about."
Very true, which, I think, says more about "most people", than it does RP.
@ 11:45 -- "if they're in trouble and there is a responsibility of government in this meddling, why should they hide this information that is valuable to the people? i mean, that's deceitful and dishonest and immoral and corrupt."
i don't know about you, but methinks it's pretty easy for most people to understand that basic concept as communicated. imho, what the good doctor may lack in eloquence, he more than makes up for in his embodiment of the core values that most people agree should be the foundations of an open & civil society.
perhaps this is what the people really wanted (and thought they were going to get) when they voted in the last presidential election. now, if you agree that they are still not getting that, why were they (we) fooled?
you hit a very salient point, but mewonders if, instead of dr. paul needing a speech coach, if it's more worthwhile to consider why we need to put our faith in someone who talks a good game.
we get the government we deserve, no?
bingo. if he can just be taught to stop rambling. answer the question as simply and succinct as possible, then shut up and wait for the next puff ball from leisman.
he should have a pocket full of facts about fed F___k ups that he can throw right back at any of his credits and put them on defense immediately.
ever watch him with his 5 minutes on committies he is on, used 4:30 seconds to ramble then asks a question right before the person with the gavel says "times up" and we never hear an answer.
"used 4:30 seconds"
Paul and a few others do this by design. After all, the game played by the opposing bench is to draw out their answer to use up the questioner's 5 minutes. Thought you knew that...
Good stuff. Thanks for finding this and posting it. I typically agree with Ron Paul and always find him entertaining to watch. Though sometimes I want to tell him, "Breathe, Rep Paul. Breathe!"
"The American spirit has fled from hence: it has gone to regions where it has never been expected; it has gone to the people of France, in search of a splendid government — a strong, energetic government. Shall we imitate the example of those nations who have gone from a simple to a splendid government? Are those nations more worthy of our imitation? What can make an adequate satisfaction to them for the loss they have suffered in attaining such a government — for the loss of their liberty? If we admit this consolidated government, it will be because we like a great, splendid one. Some way or other we must be a great and mighty empire; we must have an army, and a navy, and a number of things. When the American spirit was in its youth, the language of America was different: liberty, sir, was then the primary object."
- Patrick Henry, 5 June 1788
the smartest people have no power and the most stupid run everything
"why dont i just move back to Alabama"
-Dr. Julius Hibbert (Simpsons)
sooo true
The elites will soon learn the lesson Henry Clay learn from Andrew Jackson. The same as Clay and Webster couldn't see the changes coming neither can they see it today.
Congressional control and interference of the Fed will result in unmitigated disaster and dramatically increase the chances of hyperinflation as the Fed will be bullied into keeping stimulus, as all analysis of economic history shows.
Those who are calling for the Congress to audit the FED may come to regret the day they gave into misguided populism and turned their backs on 30 years of experience of inflation control across the world.
Such a peculiar reaction by you and those entities... when the bill only seeks to provide transparency into what the FED is doing or has done.
Only people with something to hide (or illegal) should be worried.
Hyper-inflation may be a foregone conclusion. Why would an iquiry into FED actions cause such a paranoid reaction? Congress does not want to run monetary policy. But the people should know what the FED is doing with their money.
Threats of escalating interest rates, or hyperinflation seem to point to 1. paranoia or 2. illegal activities. What we may find out is the FED is insolvent.
FUCK YOU. You are a cock sucking faggot who eats the maggots off Ben Bernanke's shit, which he leaves in your open air cage for you to feast upon each morning.
You are an obvious plant, of some sort. This is painfully clear. What isn't clear is when you'll reach your end at the hands of the misguided populists. But I'll bet gold that you won't be around to see how this all ends. We'll make sure of that.
I am Chumbawamba, mother fucker.
What Chumba said...+1000
chumba + 1 oz of gold...more valuable each day.
can we do away with plants? and other morons?
+10,000 Chumba...and I think my new screen name is gonna be "Misguided Populist" (It has a nice ring, doesn't it?)
"I am Chumbawamba, mother fucker."
A more appropriate handle for you would be "AdHominemAdNauseum".
I will say this as many times as it takes. If knowing the truth will cause the system to fail, then the system has already failed. Time to reap what we have sewn.
+100
Boom.
"Those who are calling for the Congress to audit the FED may come to regret the day they gave into misguided populism and turned their backs on 30 years of experience of inflation control across the world."
Mr Anonymous where have you been living for the past 30 years.
We have just lived true the biggest INFLATIONARY asset bubble in history where banks were given carte blanche to create credit and therefore money ,before that there was the dotcom bust and numerous other fiascos going right back to Savings and Loan.This has caused the greatest misallocation of resources since the creation of Pyramids of Giza.(I do not think hordes of tourists will be flocking to American suburbs anytime soon)We are now going to experience a energy crisis of titanic proportions........ - I suggest you remove the remaining parts of your frontal lobe and live a happy and short life.
If that is the case....lets bring on UNMITIGATED DISASTER....hyperinflation will separate out the fittest from the unfittest. Yes the super rich might survive if they have the cash on hand for trade, but the people who had the forsight to prepare for such an event is ALSO survive.
30 Years of inflation control=30 years of watering down the dollar
Dear Mr Anonymous,
Your arguments are convoluted and hard to decode , indeed they lack logic.
please forgive me for you must have already performed the surgical operation I recommended
I suggest that you forget about this conversation and go back to a blissfull and carefree existance.
"unmitigated disaster"...so the disaster we are currently experiencing is mitigated? I feel so much better!
"Congressional control and interference"....would that an audit led to control and interference! If audits could truly do such, then all the work of all the big accounting firms would have prevented Lehman, AIG, Bear, Citi, not to mention Enron.
"Bullied into keeping stimulus"...I must have missed that particular Ron Paul speech where he announced bullying for dollars as the ultimate goal in his demands for transparency into the workings of an organization, the payment of whose machinations ALWAYS falls on the taxpayer. On the other hand, I DO see the opponents of Paul's Bill rather supportive of TARP and all of the other alphabet soup of programs that have showered the architects of this "mitigated" disaster with underserved and ill-gotten gains.
As stock ownership rises in Congress, experts warn of potential ethics concerns
More than half of all lawmakers own stock. In the House, the number of lawmakers trading stock jumped from 91 in 2001 to 259 today,
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/22/AR2009112202217.html
Why when someone starts talking real issues, these morons start acting like 3rd graders... Only Santelli has the ability to have an actual conversation, though he is grand standing a bit... Perhaps Santelli is looking for an appointment here in the future...
That's what I was wondering too. Santelli loves Paul?
Liesman is just a clown.
Are those clowns at CNBC ever going to learn how to stream? Strip the shit out of your codec ya dumbfucks! FFMPEG
The (Socialist) Interior Minister of Spain reveals that all phone calls in Spain are monitored, all opposition political phone calls are monitored by the SiTel spy agency program, and then threatens to jail opposition MPs who have demanded unveiling of the secret SiTel program.
This is what electing militant Socialists gets you. Let it be a warning to all freedom loving people.
http://www.libertaddigital.com/nacional/rubalcaba-a-floriano-veo-todo-lo...
regards,
Lito
Video of press conference:
http://www.youtube.com/watch?v=E22eEfkoH4I
That intro blurb from Sen. Gregg shows he is bought and paid for. Congress IS the entity that is supposed to regulate the money (by establishing the value of the specie coinage.)
+100, any congressman that isn't pandering to the people, is pandering to the lobbyists...
Lieshman reminds of Lenny of "Mice & Men" ---- "and,and I can take care of the rabbits.
Now THAT's funny!
Paul, a very smart man, inefective communicator. He always talks facts, yet, alot of time they are esoteric as opposed too simple. He also never gets in conflict with people on a personal basis, he refrains from placing blame on idiotic decicions. One thing is true, he rallied 20-25 year olds, who will put the libertarians in power in 20 years is my guess, most educated folks in that age group are very involvded and know the score and rediculousness of things.
i wonder if S. Gregg realizes what a jackass he sounds like. "pandering to populism" now why in the hell should he listen to the idiot people? not like this is a democracy or anything.
"Pandering to Populism"
I don't think even Orwell could have conjured up a better phrase
When you see good people laugh when facing certain destruction it's time to stand with them. Ron is the picture of meekness and the strength of a man worthy to inherit the reward defense for the Constitution offers. People that do not defend the Constitution shall inherit the wind. As it stands now, the new world order whirlwind is reaping the wages of sin and demanding the total destruction of every beast in the field.
"HERE IS A QUESTION FOR THE DISCRIMINATING OBSERVER:
How is it that interest-rate derivatives do not obey the Law of Supply and Demand? The more there are of them, the more they are in demand. Half-a-quadrillion (500 trillion) dollars’ worth are out there at last count (in comparison the US GNP is a paltry 13 trillion), and it is increasing at the rate of 40 percent per annum. At that rate volume doubles about every other year.......
How could central banks work the miracle of making interest rates fall in the face of running the printing presses overtime, and keep them from rising again? That’s just the best part of it. They have let the genie of the derivatives monster out of the bottle. The genie is mushrooming over the world economy, growing at a clip of 40 percent per annum. Right now it is half-a-quadrillion dollar strong, doubling in about every second year.
It is the derivative monster that keeps interest rates low, and makes them fall further. Remember, derivatives are just tickets to riskless profits in bond speculation on the long side. It is as simple as that."
Note: above was written in July 2007.
http://www.professorfekete.com/articles/AEFKeepingOurEyesPeeled.pdf
And why are reducing interest rates important?
"Consider also the fact that the liquidation value of perpetual debt doubles every time the rate of interest is halved. So when under the slogan ‘quantitative easing’ the rate of interest is serially cut in half from 4% to 2, then from 2% to 1, then from 1% to ½, then from ½ % to ¼ , and so on, the liquidation value of debt will double from $1 trillion to 2, then from $2 trillion to 4, then from $4 trillion to 8, then from $8 trillion to 16, and so on. Soon you will be talking real money in the quadrillions of dollars. Mind you, this is just increase due to falling"
"Oscillating money flows:
The inflation-deflation cycle can be visualized as a money-flow oscillating back-and-forth between the bond market and the commodity market. In the inflationary phase money flows from the former to the latter. Prices are bid up. Bondholders sell their bonds. The tide in the commodity market is coupled with an ebb in the bond market. After the panic the flow is turned around. It now flows from the commodity market to the bond market. Bondholders buy their bonds back. COMMODITIES ARE SOLD AT FIRE-SALE PRICES. Consumers hold back their purchases awaiting still lower prices."
http://www.professorfekete.com/articles/AEFStopGreenspanDepression.pdf
And what do those high-value bonds accomplish?:
"A year later, in August 2005, Andrey Bykov, an economics adviser to Russian president Vladimir Putin, attended GATA's international conference in Dawson City, Yukon Territory, at which the gold carry trade was a primary subject. We can't prove it but we suspect that it was at this point that the Russians understood that most of their central bank's gold had been deposited in London and leased out as part of the gold price suppression scheme, WHICH SERVED TO SUPPRESS COMMODITY PRICES GENERALLY AND CHEAT COMMODITY COUNTRIES LIKE RUSSIA."
http://www.gata.org/node/6519