Ron Paul: "The Country Is Bankrupt... The People Are Being Bamboozled"

Tyler Durden's picture




 

"The American people are being bamboozled into believing that you have to keep spending for ever," Ron Paul exclaims, as "neither side is truly looking for spending cuts." As he explains they all know that increasing spending is all that can maintain the status quo. In this brief CNBC clip, Paul says playing the blame game is ignorant of the reality that both sides are "rigid with bad ideas," dismissing Obama's 'faction' comments. For a glimpse at the chaos underlying the status quo (that is being exposed this week), Paul blasts that "it is a philosophy of government that is to blame; Keynesianism, Militarism, and Interventionism, and the funny-money system that we use. All that has come together and the country is bankrupt and nobody wants to amid it."

"Why in the world can't the people have an option to opt-out?" is the middle ground possibility that Paul suggests...

 

"While more are waking up to it (especially in light of the non-essential services furloughs currently), there is still an appetite for big government - people are afraid to give up on it."

 

The Democrats are just as "rigid" as the Republicans.. "They are rigid with bad ideas too in that "deficits don't matter, the government has to spend, and the government has to take care of us, and you should print money when you need it."

 

Paul goes on to discuss Gold "all central banks work together - they collude"

 

... Moral convictions, "right or wrong", and "the only thing that really counts is what the American people believe the role of government should be... and if deficits don't matter, it will not be a shutdown of government but a breakdown of government that occurs"

Beginning at 2:10:

 

0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 10/02/2013 - 17:23 | 4015665 TaperProof
TaperProof's picture

Thank you Ron Paul

Wed, 10/02/2013 - 17:26 | 4015677 l1b3rty
l1b3rty's picture

Ron Paul for next host of Regis and Kathie Lee. Ron Paul & Kathie Lee.

http://goldsilverbitcoin.com

Wed, 10/02/2013 - 17:31 | 4015697 Zer0head
Zer0head's picture

Bamboozled is Kenyan for fucked

Wed, 10/02/2013 - 17:45 | 4015762 Muppet Pimp
Muppet Pimp's picture

Posted on other link, would appreciate any feedback if anyone agrees or disagrees this is the endgame if we keep piling it up.

 

It sure feels like the beginning of a new era in DC, seeing as we all know everybodys cards.  There is a new group in town who stand on principle, who won't back down and won't be bought off with favors, and all the rest of the usual prostitutes who it is simply a matter of haggling over their price.  Get your popcorn ready.  The default is simply a matter of timing anyway, who in their right mind thinks all that is getting paid back.  It has not trickled down to mainstreet anyway, it is all a matter of will we keep shoving our debt in Wall Streets feeding trough.  When you are broke, it is awfully hard to get any brokerer.  The same cannot be said for our overlords.

 

Here we are, right back where we started with Thomas Jefferson (sought a republic) and Alexander Hamilton (sought a monarchy with private central bank).  This is why the NY times writes pieces like this:

Demonizing Thomas Jefferson

http://www.nytimes.com/2012/12/01/opinion/the-real-thomas-jefferson.html...

and Talking up Alexander Hamilton

http://www.nytimes.com/2012/11/12/opinion/mr-hamiltons-growth-strategy.h...

Alexander Hamilton worked hard for the banks.  This argument is brought to the forefront yet again, only growing out of it is now impossible.

And here is the 'Chicago Plan' from the IMF to do the worlds largest debt for equity swap once the pile of debt gets big enough.  And low and behold the senator from Chicago is doing his damndest to build that pile of debt.  The gist is this, we are selling our sovereignty off to the banks, who at the appropriate time will offer the worlds biggest debt for equity swap, where we trade our soverignty, our roads, our national lands, in trade for our debt.  And then it will be complete, just as the forefathers warned we will wind up homeless and penniless (eventually) on the ground our men died to preserve for us.   Wake up people!

http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf

Wed, 10/02/2013 - 17:55 | 4015798 Stackers
Stackers's picture

CNBC: "It was one seller to the tune of 2 to 3 million oz at 7:30am" (crashing the price of gold) ............

nothing to see here. move along. move along.

Wed, 10/02/2013 - 18:55 | 4016056 DaddyO
DaddyO's picture

OT: The Peoples Republic of Kalifornia did something positively alarming today!

They exercised a constitutional amendment, the 10th and nullified the detention clause in NDAA

http://california.tenthamendmentcenter.com/2013/10/02/nullifornia-ab351/

Amazing, absolutely amazing!!!!!

DaddyO

Wed, 10/02/2013 - 19:33 | 4016158 Deo vindice
Deo vindice's picture

Ron Paul = a voice crying in the (political) wilderness.

The prophet who was known by that term (John the Baptist) was beheaded for tellling the truth to the king. I sincerely wish Dr. Paul a better fate.

Wed, 10/02/2013 - 19:53 | 4016332 Jack Napier
Jack Napier's picture

Hamilton was a British spy and was given his due. He is the reason why we have fiat currency today. Not because of the First central bank he ushered in, but because he fixed the gold to silver ratio against free market forces. Gresham's Law caused silver to be hoarded as the undervalued currency, and its gradual removal from circulation undermined the bi-metal standard put forth by the founding fathers. A century later it was a simple swap out of gold for fiat since the competing currency of silver was not in the fray to keep things honest.

Ron Paul is a smart man. He likes gold. He says all the right things. I'm sure all his mason brothers are proud of his mastery of controlled opposition, just as they were proud of Washington for allowing Hamilton to usurp control of the money.

Wed, 10/02/2013 - 20:04 | 4016379 CH1
CH1's picture

Jack, I tend to agree that Hamilton was a Brit agent, but do you have proof?

Wed, 10/02/2013 - 22:13 | 4016951 TwoShortPlanks
TwoShortPlanks's picture

Bamboozled? How hard would that be to do these days?!

Gold, US sovereign coup d'état, and ‘Trading Places’

http://twoshortplanksunplugged.blogspot.com.au/2013/10/gold-us-sovereign-coup-detat-and.html

 

Wed, 10/02/2013 - 23:00 | 4017114 Pinto Currency
Pinto Currency's picture

 

This virtuous man has been a magnet for those who want to save the Republic.

It remains a mystery why he pulled out of the GOP race at a point when he was gaining critical mass on college campuses essentially owning the youth vote - and then not running as an independent.  Wonder what was used to coerce him to leave the race leaving so many of his supporters (including me) in stunned disbelief.  This story has yet to be told.

Wed, 10/02/2013 - 22:57 | 4017119 Oldrepublic
Oldrepublic's picture

Burr did the young Republic a great service by shooting Hamilton!

Thu, 10/03/2013 - 02:24 | 4017497 zhandax
zhandax's picture

He would have done it a far greater service with the same act 20 years earlier.

Thu, 10/03/2013 - 01:11 | 4017408 Tall Tom
Tall Tom's picture

This is a Mind Blowing amount of "Gold".

 

2 Million Ounces = 62.206 Metric Tons of Gold

 

3 Million Ounces = 93.309 Metric Tons.

 

While just 1/5th as bad as April 12, 2013 (500 Metric Tons) whomever dumped this amount had no cares about price, did they?

 

THe good news is that Gold recovered its losses. But they are vainly attempting to demonstrate that they still are in control. However this just serves to demonsrate that they have lost control.

 

I think that the Gold Bugs are winning the Game.

Wed, 10/02/2013 - 17:57 | 4015808 Running On Bing...
Running On Bingo Fuel's picture

Yea sure. But endgame will not show up for about another 200 years, so..

Wed, 10/02/2013 - 22:39 | 4017066 my wag
my wag's picture

This blog is full of gold bugs and pessimists. What happened to pulled up by your own bootstraps? What's the matter? Got sand in your vaginas? God damned whining pussies.

Wed, 10/02/2013 - 23:35 | 4017245 All_Your_Base
All_Your_Base's picture

Most of us are on solid ground, my wag; refusing to be the cynical hustler or the compliant mark.

Wed, 10/02/2013 - 18:23 | 4015908 Money Maker
Money Maker's picture

I suport the central bankers, they do an exelent job on maintaining global stability while rewarding productive nations over non productive nations. Without central bankers, your worth would be determined by rulers and politicians...and your lives would be only to serve them (the rulers). At least with central bankers, you labor serves the people of the world and its valued accordingly.

Is it perfect? No, you get corupt politicans, corporations, bankers, who missuse their power to rob the poeple.

The truth is that there isnt much wrong with the systems in place, they are not perfect but they are generaling improving.

What is wrong is that most people are cowards, weak, lazy, ungreatful, dishonest and many other things. Societies tend to move to more corupt as no major desastors happen and than when a global desastor happen, everyone becomes more honerable.

 

Wed, 10/02/2013 - 18:31 | 4015955 Bay of Pigs
Bay of Pigs's picture

-1

Bullshit. Central bankers are the scourge of humanity. They rape and pillage entire countries. Warmongers one and all.

Wed, 10/02/2013 - 18:59 | 4016066 r00t61
r00t61's picture

It reads like one of those Nigerian email scams.

The poster has been a member for six weeks.

Could he be a member of the shill brigade? (http://consciouslifenews.com/paid-internet-shill-shadowy-groups-manipula...)

Wed, 10/02/2013 - 20:02 | 4016351 Jack Napier
Jack Napier's picture

Worth (aka value) is determined by whatever the collective human conscious (aka the market) deems it to be. Value does not exist outside the human mind. Historically that has been assets like cows, land, family name, and of course gold and silver, but of course people are easily suckered into believing IOUs are sufficient. Rulers and central bankers alike would love to turn lead into gold, or conjure it from thin air, but they can't, and thus they must turn to rigging markets. Without such there would be no ability to coerce value beyond the ability to manipulate perceptions which is what central banks do best.

Thu, 10/03/2013 - 00:46 | 4017386 aldousd
aldousd's picture

If they could conjure gold out of thin air, it too would lose its value.

Thu, 10/03/2013 - 01:42 | 4017442 Tall Tom
Tall Tom's picture

So why does the Paper Gold market still have "value"? Do you reall think that 62 Metric Tons to 93 Metric Tons of Gold were really sold, all at once, on Tuesday?

 

That caused a helluva takedown in price, didn't it? Of course there is a marked difference between PRICE and VALUE. Unfortunately the sale of Gold created out of thin air still affected the price.

 

No Physical Gold may suffer price declines as a result of such creation. But Gold will not lose its value.

 

However a day is approaching when the Comex will DEFAULT on Delivery. Then the charade will end. That day approaches quicker than many might consider. And when it arrives there will not be any Physical Gold available for sale at any price.

 

I will continue to prepare accordingly and suggest that everyone do likewise.

Wed, 10/02/2013 - 18:40 | 4015993 A. Magnus
A. Magnus's picture

"I suport the central bankers, they do an exelent job on maintaining global stability while rewarding productive nations over non productive nations."

MDB? Got a new handle these days? Stability does NOT mean regular monetary devaluation. Try again, Sparky.

"Without central bankers, your worth would be determined by rulers and politicians...and your lives would be only to serve them (the rulers). At least with central bankers, you labor serves the people of the world and its valued accordingly."

Our worth is already determined by rulers and politicians; these fucktards created central banks in order to enact command economies. Even bigger fucktards defend them...

"The truth is that there isnt much wrong with the systems in place, they are not perfect but they are generaling improving."

Gee, a little government shutdown and even the NSA bots start fucking up grammatically!

Thu, 10/03/2013 - 01:38 | 4017441 Meat Hammer
Meat Hammer's picture

I'd rather have dangerous freedom than peaceful slavery.

Wed, 10/02/2013 - 19:49 | 4016315 Hooter Shaker
Hooter Shaker's picture

Who are the 2 bozos that up arrowed this clown?  I know he had to do one himself!

Wed, 10/02/2013 - 21:40 | 4016595 Deo vindice
Deo vindice's picture

.

Wed, 10/02/2013 - 22:44 | 4017090 sgorem
sgorem's picture

it's milliondollarbonehead and his NEW account handle. MDB + Money Maker = 2 up arrows. We'll be a watchin there MDB.

Wed, 10/02/2013 - 19:52 | 4016327 The Devil
The Devil's picture

North Korea is stable.  That is why I spend most of my time there.

Wed, 10/02/2013 - 20:03 | 4016369 akak
akak's picture

Indeed. 

My North Korean health care practitioner (courtesy of KimJongIlCare) assures me that nothing is healthier than the all-grass diet.

Wed, 10/02/2013 - 20:46 | 4016599 Deo vindice
Deo vindice's picture

Graveyards are stable too. It doesn't mean I want to live there.

Wed, 10/02/2013 - 23:31 | 4017225 chindit13
chindit13's picture

Grass-fed beef to grass fed people.  Cut out the middleman.  Efficiency North Korea style!

By the way, after The Dear One passed away, it's now Kim Jong un-Care.

Wed, 10/02/2013 - 19:54 | 4016343 Landrew
Landrew's picture

Where to begin, YOU ARE AN IGNORANT FUCK! MOST people are NOT lazy as you claim! WE built this country not the 1%. You sound like one of the Cock Brother Trolls that come here paid to put working people down. FUCK YOU, MOST PEOPLE, FUCK YOU!

Wed, 10/02/2013 - 21:16 | 4016717 yatikto
yatikto's picture

Are you implying that bankers are not corrupt?

They have not averted anything, they kept the unsustainable status quo. I'll give you that politicians have not taken advantage of the given time.  At the same time politicians are trying to keep up appearances and are in sync with banks who keep this frankenstein afloat.   Economy died in 2008.   QE's have been futile attemps to shock to life a dead patient.  QE infinity created a frankenstein that canibalizes itself and will destroy any life left.

 

Thu, 10/03/2013 - 02:22 | 4017490 yepyep
yepyep's picture

surely this is just a quality troll

Wed, 10/02/2013 - 18:26 | 4015932 lasvegaspersona
lasvegaspersona's picture

IF things unfold slowly then the only outcome seen in history is to print more....it all becomes soooo painful that even the sensible ones give in to prevent deflation.

BUT...if it all just goes pop, then we could experience 'Hyperinflation In a Flash'. This would yield the same result as HI (destruction of the currency) but we could skip the wheelbarrows and go straight to the new currency.

Gold, instead of going to a gabillion dollars an ounce would be reset to a price to make the CB balance sheets work.

Debtors get a break and savers get screwed....just like always.

GLD inventory is down to 901 tons. Got physical?

Thu, 10/03/2013 - 01:52 | 4017458 Tall Tom
Tall Tom's picture

If you buy long take delivery. If you sell short then use the profits and take delivery.

 

No matter what...TAKE DELIVERY and deplete the Inventories. We can squeeze them by the balls in the medium term. Let's create a default.

 

62 Metric Tons to 93 Metric Tons were sold on Tuesday when the USA cannot return Germany's Gold? Yeah. Right. I'll buy into that nonsense! Won't you join me in becoming a blathering idiot? Only blathering idiots will buy that bullshit.

Wed, 10/02/2013 - 17:50 | 4015774 Supernova Born
Supernova Born's picture

delete

Wed, 10/02/2013 - 18:37 | 4015990 koncaswatch
koncaswatch's picture

Zerohead: wrong. Bamboozled is a mid-westernism for, fucked by a Kenyan. FIFY

Wed, 10/02/2013 - 22:41 | 4017077 dfwpike
dfwpike's picture
"The Country Is Bankrupt... The People Are Being Bamboozled"

And what are we doing about it?  Nothing.  We're venting on blog sites.  Hello?

I think more action is necessary.

Just sayin

Thu, 10/03/2013 - 02:01 | 4017465 Tall Tom
Tall Tom's picture

Yeah. I agree. More action needs to be taken. So when the price drops...I BUY GOLD. That is the action that I take. I like buying it on sale.

 

You are right. More action needs to be taken. (Unless you like BATFH... I do not suggest that by any means. But you are a free man...supposedly...I think...Isn't that the way it is supposed to be???) Buy more Gold during Price Declines and stop whining about it. Thank Ben Bernanke for the Buying Opportunity. No problem. I am a happy camper when the price goes down.

Wed, 10/02/2013 - 17:44 | 4015751 drink or die
drink or die's picture

After he got booed in the republican debates for citing the Golden Rule, he should have given up.  The people won't listen to reason, they will have to learn the hard way.

Wed, 10/02/2013 - 18:01 | 4015819 Running On Bing...
Running On Bingo Fuel's picture

He should have given up after he had his son.

If I were him I would shoot myself with such a disgrace.

Romney fanboy.

Oh well.

Wed, 10/02/2013 - 19:39 | 4016264 Overfed
Overfed's picture

You don't have to be him.

Wed, 10/02/2013 - 18:49 | 4016038 Nothing but the...
Nothing but the truth.'s picture

 " When good men do nothing, evil will prevail "- Ron Paul is one of a dying breed of good men , left in America.

Wed, 10/02/2013 - 19:22 | 4016170 Deo vindice
Deo vindice's picture

If more people took more opportunity to speak more truth, maybe Dr. Paul wouldn't seem like such a unique person.

It is not enough to admire good men. It is necessary to emulate them.

Wed, 10/02/2013 - 22:44 | 4017088 Buck Johnson
Buck Johnson's picture

He's no fool, he knows this game is going to end and it will end badly.

Wed, 10/02/2013 - 17:26 | 4015668 The Heart
The Heart's picture

No matter what, THIS MAN is always worth listening to.

The other clowns, meh.

Wed, 10/02/2013 - 17:42 | 4015742 cynicalskeptic
cynicalskeptic's picture

cue WWIII - all hell breaks loose in the Middle East - "Wag the Dog' in   5......4.......3.........

Wed, 10/02/2013 - 17:27 | 4015673 lolmao500
lolmao500's picture

Well don't wait for the scumbag medias, including ``the most trusted name in news`` (John Stewart) to tell you the truth... Cause even when the country collapses, they'll say it isn't happening or it's the republicans fault. (which is a load of shit, both parties are equally responsible for being the banksters and corporates whores)

Do NOT follow this link or you will be banned from the site!