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Ron Paul On The "Illusion" Economy And "Why Socialism Always Fails"

Tyler Durden's picture




 

"If we look only at the stock market, then we're in denial," warns Ron Paul in this brief 'uncomfortable-for-the-anchor' CNBC interview, adding that "it's an illusion." While the stock market has performed well, Paul explains that the economy-at-large continues to struggle noting that it's due to the Fed: "I don't think any one individual knows how to plan the economy by manipulating interest rates' [they] are so important that if you give this power to one small group - there will be distortion." That's why socialism fails, slams the Fed critic, "it's the invisible hand that we lack, not the wisdom of a few people. Few people can't be wise enough to dictate the market," and the Fed's history shows their track "record is pretty bad."

"So sometimes you have housing bubbles and sometimes you have housing busts, then you have housing bubbles and bond bubbles that's all [the] result of the manipulation of interest rates, which is my real objection to it."

 

"So one half of our economy is socialized, because it's the control of the money supply, the control of the interest rates,"

 

"We don't believe they're capable of doing it and I think history shows that the record is pretty bad."

 

"The economy on the surface looks good, but if you look at hardcore unemployment and standard of living of the middle class, there's still a lot of problems out there... So if we look only at the stock market, then we're in denial."

 

Furthermore, Ron Paul went to note that "low interest rates are not a panacea - though they won't admit this," adding that the reason for a lack of recovery and hiring is all aboyt "confidence" and that can't be manufactured by stock markets... "we are bankrupt and have been encouraged to take on more debt" - simply put, he adds "the financial system is deeply flawed"...

 

 

 

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Wed, 03/19/2014 - 17:51 | 4569651 0b1knob
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Ever notice how much he looks like Pat Paulsen?

https://www.youtube.com/watch?v=VTHge8q0zwY&feature=related

Perhaps the only candidate for President who actually admitted he was a joke.

Wed, 03/19/2014 - 17:59 | 4569702 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

I realy, really, really wish I could respond:

"Well said, Mr. President!"

Wed, 03/19/2014 - 18:51 | 4569869 LetThemEatRand
LetThemEatRand's picture

Hear, hear.

Wed, 03/19/2014 - 18:56 | 4569889 JLee2027
JLee2027's picture

Ron Paul is so good. He should try again in 2016.

Wed, 03/19/2014 - 20:27 | 4570150 TeamDepends
TeamDepends's picture

Brothers and sisters, after posting this innocuous, witty retort http://www.zerohedge.com/news/2014-03-18/what-president-obamas-hilarious..., we were attacked by some nsaty (no error) malware.  Fortunately, our interweb pitbull, Janet Reno, brushed it aside without incident.  We do not in any way blame Tyler for this smash 'n grab silliness, as it most likely came from the desk of Batty Jarrett, she of no humor.

Wed, 03/19/2014 - 21:35 | 4570410 lordylord
lordylord's picture

President Paul!

Wed, 03/19/2014 - 23:42 | 4570941 Flakmeister
Flakmeister's picture

Time to put the old guy out to pasture...

The only thing that is *really* lacking is about 10 million barrels a day from a  cheap new oil supply... 

I'll give you a hint, the Bakken and the Tar Sands ain't cheap and if it wasn't for them world production would be down about 1 million barrels a bay since 2005....

Despite spending nearly $3.5 trillion in CAPEX since then....

Wed, 03/19/2014 - 23:57 | 4571009 sylviasays
sylviasays's picture

Someone must be bitter after investing enitre life savings into phony solar companies like Solyndra before they went bankrupt

 

http://breakingenergy.com/2013/12/03/rest-in-peace-the-list-of-deceased-...

Thu, 03/20/2014 - 00:17 | 4571077 Flakmeister
Flakmeister's picture

That  wouldn't be me....

Polycrystalline kicked thin film's ass and ate it's lunch....

Thu, 03/20/2014 - 06:54 | 4571576 Atlas Crapped
Atlas Crapped's picture

I suspect if you could respond that way, we'd be well on our way to not needing to respond at all ... until we get our Dallas '63 moment for Ron.

http://roacheforque.blogspot.com/

Wed, 03/19/2014 - 18:07 | 4569722 vortmax
vortmax's picture

He looks tired to me.

Wed, 03/19/2014 - 18:49 | 4569862 agent default
agent default's picture

You know anyone with half a brain who is not tired of this central planing crap?

Wed, 03/19/2014 - 19:41 | 4570007 Miss Expectations
Miss Expectations's picture

It bothered me when I noticed that Yellen didn't look a bit tired.

Wed, 03/19/2014 - 18:18 | 4569745 0b1knob
0b1knob's picture

Chris Christie group sex tape!

http://gawker.com/the-chris-christie-gangbang-sex-tape-that-wasnt-nsfw-1543352886

Sadly its probably not really him....

Wed, 03/19/2014 - 18:52 | 4569865 LetThemEatRand
LetThemEatRand's picture

Are they going to call it Life in the Fat Lane or Fat Times at Ridgemont High?  Or maybe Fatliners?  Or more timely, Fat and Furious.

Wed, 03/19/2014 - 19:06 | 4569925 BLOTTO
BLOTTO's picture

Reality is their illusion

.

Their fiction is the reality...

Wed, 03/19/2014 - 19:25 | 4569962 Hobbleknee
Hobbleknee's picture

Oh man, I totally forgot about Flatliners.

Wed, 03/19/2014 - 23:50 | 4570992 Greenskeeper_Carl
Greenskeeper_Carl's picture

With a sound track by rascal fats?

Wed, 03/19/2014 - 19:36 | 4569991 Hobbleknee
Hobbleknee's picture

It probably is him. Not only are the obvious features identical, like the nose and brow, but look at the ears. Ears are unique, like fingerprints, and the ears are the same in both pics.

Wed, 03/19/2014 - 17:46 | 4569652 zerozulu
zerozulu's picture

Its greed that fails.

Wed, 03/19/2014 - 17:50 | 4569670 NOTaREALmerican
NOTaREALmerican's picture

Re: Its greed that fails.

But greed is natural.   It's a society that can't regulate greed that's the failure.

We can't even regulate predatory lending to nearly retarded people.   Doesn't say much for our society.

Wed, 03/19/2014 - 17:57 | 4569693 NotApplicable
NotApplicable's picture

Maybe it's all due to that insane idea that one person can acquire the privilege to regulate another?

 

Wed, 03/19/2014 - 18:01 | 4569706 NOTaREALmerican
NOTaREALmerican's picture

Unfortunately,  with humans,  the assholes and sociopaths have to regulated somehow (as anybody that went through high-school knows).

Societies are just a bunch of rules to keep the assholes and sociopaths from ruining the society, usually in exchange for the assholes and sociopaths running it, getting most of the loot, and getting first dibs on the best females.  

But,  if the sociopaths and assholes don't care about the society (or fear the rest of the lower-evolved dumbasses), well... 

 

Wed, 03/19/2014 - 18:29 | 4569776 Blankenstein
Blankenstein's picture

We have millions of rules and none of them are working to control the assholes and sociopaths.  Instead, TPTB keep making more rules and regulations to keep themselves in power and strip the honest, hard-working people of their freedom and assets.  

And yes there should be laws to punish those who harm others, but the bloated government we currently have exists only to benefit the elite who control it.

Wed, 03/19/2014 - 18:35 | 4569796 NOTaREALmerican
NOTaREALmerican's picture

Re:  but the bloated government we currently have exists only to benefit the elite who control it.

Well, what do you expect.   Most of the dumbasses can't even figure out who the enemy is when somebody says "the government is bloated".    Test question,  who is winning - getting most of the 1.5 trillion bucks spent - by the bloated governemtn?

1)  "those people"
2) The goddamn worthless government unionized workers
3) Everybody leaching off of:  Big-Ag, Big-MIC, Big-Road, Big-Water, Big-Airport, Big-Energy, Big-Ed, Big-House, Big-Fin, Big-OldFart, Big-OldFartHealthcare, Big-AntiDrug, & Big-PoliceState.

Who is the enemy?

Wed, 03/19/2014 - 18:51 | 4569871 Anusocracy
Anusocracy's picture

People are designed to want government because 'tribal government' promoted the survival of those who wanted or supported 'tribal government'. 'Tribal government' was a net benefit.

Now, it is a huge detriment to progress and survival, but people are still wired for it. Which means disaster.

Wed, 03/19/2014 - 18:54 | 4569883 NOTaREALmerican
NOTaREALmerican's picture

Re:  Which means disaster.

Not for the top 10%!   There are those who win,  those who lose, and those who don't even KNOW they are getting eaten alive by the sociopaths.  

You make it sound like when "the collapse" happens the current winners will be with the Trash Class, and justice with prevail.   The Trash Class is just food.

Wed, 03/19/2014 - 18:38 | 4569817 Anusocracy
Anusocracy's picture

Sociopaths possess a high-function social mind that has little to do with being more evolved.

Social animals have been around for a long time and the human social mind developed clever intuitive ways to manipulate others, but the behavior of your evolved ones is hardly any different than a wolf alpha-male.

What is new and more evolved is the Aspergers mind which gave man greater technology through engineering, math, and science. It basically substituted manipulating people as a motivating force with manipulating things as a motivator.

Without which, people would still be living in caves

Wed, 03/19/2014 - 18:51 | 4569874 NOTaREALmerican
NOTaREALmerican's picture

OMG..    Dude, who's going to get the females with the best teeth, and whose DNA bling is going to rule the world?  

FFCS...   The semi-austistic don't rule the world.   The assholes and sociopaths do.  

Would you semi-autistic open your eyes and look that the top 10%'s DNA bling?   These people HAVE BEEN running things for generations now.

Wed, 03/19/2014 - 20:40 | 4570184 samsara
samsara's picture

"who's going to get the females with the best teeth, and whose DNA bling is going to rule the world?"

In ten or so years it will be those who have heat and food probably

Fri, 03/21/2014 - 14:05 | 4577817 Anusocracy
Anusocracy's picture

"The assholes and sociopaths do." I understand that better than you apparently.

It's because that's how it was designed in the ANIMAL WORLD.

The psychopaths in charge are only capable of reshaping the world to resemble the animal world. It promotes their survival and, in previous times, the masses also. The increased presence of psychopaths (rulers) in today's positive-sum economic world correlates with decreased progress. They are no longer needed.

The benefit no longer exists for the masses but they can't rid themselves of millions of years of genetic programming.

That is what the psychopaths are taking advantage of, they are in no way the most evolved, just the most violent, destructive, and parasitic.

Wed, 03/19/2014 - 18:51 | 4569877 Fox-Scully
Fox-Scully's picture

Why can't the sociopaths worry and regulate their own assholes?  That would take care of half of the problem.

Wed, 03/19/2014 - 19:29 | 4569974 Dr. Destructo
Dr. Destructo's picture

Probably because they're sociopaths?

Wed, 03/19/2014 - 18:10 | 4569731 Moon Pie
Moon Pie's picture

Bingo.  Also, greed is not necessarily "natural" and in its purest form is devastatingly destructive.  It is moral degradation on a continuing downward path that "allows" or calls for regulation.  If you're honest (even 95% of the time), you don't steal or use other people's shit without their permission, you obey the law (basic ones), you don't need to be regulated.  Our so called financial "leadership" is nothing but a bunch of "Little Hitlers" that have chosen zero-sum-morality in order to conduct their blitzkreigs.  Politicians are no better, most of them.

Who the shit is doing anything like the "right thing" in terms of acting as an so-called institution of "trust"? No one.  Who the shit is breaking laws left, right and center to fill their pockets to the harm of others and not being prosecuted?  All of them, it seems, except for a token poor bastard here and there.  And the rest of society takes their cues.  Virtue, or even half-assed attempts at it are laughed at.  Good is bad and bad is good.

What a mess. 

Wed, 03/19/2014 - 18:15 | 4569736 stormsailor
stormsailor's picture

Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!    Isaiah 5:20

Wed, 03/19/2014 - 17:58 | 4569700 A Lunatic
A Lunatic's picture

It's a society that is not allowed to regulate greed that fails......

Wed, 03/19/2014 - 18:01 | 4569705 Leaving Babylon
Leaving Babylon's picture

We need the market, not society, to regulate greed. If predatory lending were allowed to fail as it should, then banks would be forced to tighten requirements. No need for outside intervention (i.e. central planning). Capitalism works. /irony

Wed, 03/19/2014 - 18:09 | 4569719 NOTaREALmerican
NOTaREALmerican's picture

Re:  Capitalism works

What is it about assholes and socipaths that you don't comprehend?  Did you skip highschool? 

The assholes and sociopaths win.   There's no such thing as a free market.    Predatory lending has always existed because it's completely natural for the assholes and sociopaths to fuck the dumbasses.  

All these ISM words were invented by semi-autistic males confused about what the assholes and socioapths were doing every day.   There's no rules, the semi-autistic Austrian economic rules don't apply to anything except other semi-autistic males who can't figure out other humans.   There's ONLY ScrewISM.   That's what's NATURAL.   

Christ, it's like dealing with children sometimes on here.

Wed, 03/19/2014 - 18:55 | 4569884 agent default
agent default's picture

"Predatory lending has always existed because it's completely natural for the assholes and sociopaths to fuck the dumbasses."

You do realize that if found guilty of predatory lending you don't get a penny back, right? Have you even been to highschool?

 

 

Wed, 03/19/2014 - 19:53 | 4570043 Leaving Babylon
Leaving Babylon's picture

But in fucking the dumbasses they would be fucking themselves. If self-preservation is of any interest to a lender, they won't lend to a recipient who is likely to default.

Wed, 03/19/2014 - 18:35 | 4569804 Hundred Dollar Bonus
Hundred Dollar Bonus's picture

Greed isn't a crime, it is a motive. 

 

Wed, 03/19/2014 - 17:46 | 4569653 WelfareFTW
WelfareFTW's picture

Go RP, laying down truth bombs!

Wed, 03/19/2014 - 17:46 | 4569654 Freddie
Freddie's picture

How sad.  He could have been President and he deals in reality.  A nation of idiots brainwashed by TV and Hollywood.

Wed, 03/19/2014 - 17:57 | 4569694 BlackChicken
BlackChicken's picture

Most truthful thing I read all day.

Wed, 03/19/2014 - 18:17 | 4569735 Rainman
Rainman's picture

Sorry deal.....public employees, retirees, the unions, the MIC and all their kinfolk are running the polls now. The public funded teat is too big and strong. Ike is long dead. Now it'll all have to be burned down ...it must arson itself...and it will.

Wed, 03/19/2014 - 20:35 | 4570174 samsara
samsara's picture

The Best President America Never Had

Wed, 03/19/2014 - 17:46 | 4569656 Greenskeeper_Carl
Greenskeeper_Carl's picture

Of course it is going to be socialized and manipulated. The stock market is the ONLY thing they can point to that has 'improved' during this 'recovery'. Even though it is bullshit, it must be maintained at all costs, because it helps conceal the disaster that is the real economy.

Wed, 03/19/2014 - 17:47 | 4569658 buzzsaw99
buzzsaw99's picture

socialism my ass. all fascism all the time.

Wed, 03/19/2014 - 18:20 | 4569752 Stuck on Zero
Stuck on Zero's picture

Socialism, fascism, communism, totalitarianism, oligarchism, ...  all names for the same system od central control.

 

Wed, 03/19/2014 - 23:34 | 4570931 zionhead
zionhead's picture

Socialism in its PUREST FORM doesn't have Gubmint.

ANARCHISM - "Socialsim in its purest form is communalism without government"

"The purpose of all government is beating, killing and imprisoning" - Von Mises

*

The problem is the EVIL brought down upon us is the GUBMINT (AIPAC) that the ZIONIST have given us.

"The people have at all times the right to abolish the government" - US Constituion

Wed, 03/19/2014 - 17:47 | 4569660 stormsailor
stormsailor's picture

yes, the water is wet, the sky is blue, woman have secrets, and the fed distorts markets by supression of natural risk.

 

short of a bloodbath coup, how do we remedy this.

Wed, 03/19/2014 - 17:49 | 4569668 SilverIsKing
SilverIsKing's picture

Peaceful protests...lol

Wed, 03/19/2014 - 17:51 | 4569672 Charles Nelson ...
Charles Nelson Reilly's picture

It'll eventually collapse under its own weight.... All micro-managed economies do.

Wed, 03/19/2014 - 17:52 | 4569675 McMolotov
McMolotov's picture

JFK: "Those who make peaceful revolution impossible will make violent revolution inevitable."

And those who talk too loudly about that fact will be shot in the head.

Wed, 03/19/2014 - 23:30 | 4570908 zionhead
zionhead's picture

Shot in the head by the AZC because JFK wanted AIPAC(AZC) labelled a "foreign lobby".

The FED is not the issue, its the secret society of privatized criminals that CONTROL the FED that need to be taken out and shot.

 

Wed, 03/19/2014 - 18:10 | 4569729 ebworthen
ebworthen's picture

Sanctions, strong words, and some red lines?

Wed, 03/19/2014 - 20:33 | 4570168 samsara
samsara's picture

Personally you stop feeding into it every way you can.

More importantly, step back out of the way(with your family), cause it's gonna fall on it's own.

Not unlike the USSR did. Nothing they can do to stop it.

Wed, 03/19/2014 - 17:48 | 4569662 NOTaREALmerican
NOTaREALmerican's picture

Naaa,  Ron.   It's the same financial system that Dick Cheney said proved Ronny's 600 ship navy was good "Keynesian" spending.

Surely, everybody who got rich off of Big-MIC isn't a socialist.  

Git yer hands off that goddamn motorscooter you hippy socialists, I'm entitled to that Medicare!

Wed, 03/19/2014 - 17:48 | 4569664 Charles Nelson ...
Charles Nelson Reilly's picture

As Jim Grant put it to the hapless shill Steve
Liesman "the fed can change how things appear, they cannot change how things are"

Wed, 03/19/2014 - 17:58 | 4569691 Dr. Engali
Dr. Engali's picture

That crazy Ron Paul, there you go again telling the truth. What have I told you about that? This is 2014 where war is peace, freedom is slavery, and and ignorance is strength. Keep it up and you'll have a big brother's boot on your face.

Wed, 03/19/2014 - 19:28 | 4569970 Roger Shermanator
Roger Shermanator's picture

Let's not forget that we must also must abandon the free market to save the free market, we must burn the Constitution to save the Constitution, and inflation is good for the average citizen.  Sounds like we might need to increase your dosage of Prozium.

Wed, 03/19/2014 - 18:05 | 4569715 A Lunatic
A Lunatic's picture

The FED controlled market is lipstick on a hollowed out, cancerous pig formerly known as America the Beautiful......

Wed, 03/19/2014 - 18:05 | 4569716 Poor Grogman
Poor Grogman's picture

Truth is powerful medicine.

It contains enough healing power to break people's minds free of the matrix.

Wed, 03/19/2014 - 18:08 | 4569724 ebworthen
ebworthen's picture

Ron Paul with yet more pithy truthfullness; which completely confounded Simon Hobbes.

End the FED.

Wed, 03/19/2014 - 23:28 | 4570896 zionhead
zionhead's picture

To End The Fed, you must first Declare AIPAC to be a "FORIEGN LOBBY", then and only then can the FED be destroyed.

Last time anybody tried to declare AZC as a 'foriegn lobby' AZC assasinated him (JFK).

America will be destroyed  because there is not a single man in ameriKKKa with balls.

 

Wed, 03/19/2014 - 18:09 | 4569728 Soul Glow
Soul Glow's picture

I hate it when someone starts a sentence off with, 

Well, Actually....

Wed, 03/19/2014 - 18:14 | 4569733 lotsoffun
lotsoffun's picture

the best we can all do is to hope to avoid the worst.  and relative to the rest of the world, i think most of us here have.

Wed, 03/19/2014 - 18:17 | 4569740 falak pema
falak pema's picture

Hey Ron where do you see "socialism" in a global economy where 1% owns 80 % of the global wealth?

Do we speak the same language?

This is ARISTOCRACY take over of STATE and all economic/financial and MIC activity.

That is not called socialism its called Oligarchy Empire of world. 

I have never seen some many deluded or false nosed people as these guys who drink tea and think they live in a Socialist economy. 

The socialism is the stealing part of the operation : socialising the debt and privatising the profits.

WHat happened to your brain and your respect for hard facts and straight talking logic? 

Wed, 03/19/2014 - 18:27 | 4569772 NOTaREALmerican
NOTaREALmerican's picture

All the ISM's (the bullshit about the word) have a theoretical part and an applied/real part.

Theoretical socialism doesn't exist anymore that theoretical capitalism exists or libertarianism exists.   It's just fantasizes of (mostly) semi-autistic males.

But, when most people say an ISM word they are using "applied" meaning.   So, "socialism" means - as applied in real life - an economic system run by and for politically connected cronies (which is the only system that has ever existed or ever will exist).  

But, generally, the people with Economic Morality OCD don't like this style of economy; which is why people endless post on sites like this and listen to Ron Paul.

 

Wed, 03/19/2014 - 18:40 | 4569799 falak pema
falak pema's picture

You don't really understand what rationaliSM means do you?

You are obssessed by ISM,  you can't see the Moon you just see the finger pointing to it. 

That's being blind to the reality behind the words; an ISM expresses a philosophy. The world was built on historical chronology and analysis that gave birth to philosophy by comparing ideals to facts, to highlight which school of logic and ideals were the best adapted to social reality.

What you are saying is that politicians are Machiavellic they don't act on their promises when they say "read my lips". 

Don't junk philosophy or you make the people blind. The ISM allows us to compare ideology to pragmatic analysis of cause and effect. 

Judge people on what they do not what they say. But don't junk the ideological framework 'cos then we are back to social darwinism. 

The current dystopia is based on FACTS of the Oligarchy banks having stolen all the people's wealth. Thats the reality and its not to build socialism its to build aristocratic wealth. 

Your "ISM" disdainment is head up ass logic, sorry.

Wed, 03/19/2014 - 18:58 | 4569893 NOTaREALmerican
NOTaREALmerican's picture

There is only sociopaths manipulating dumbasses for fun and profit.

The ISM's are just words.  Words are used to deliver bullshit from person to person.   The collection of words is called "an ISM".  

Wed, 03/19/2014 - 19:00 | 4569899 falak pema
falak pema's picture

lol, right ...

Wed, 03/19/2014 - 22:19 | 4570591 Crawdaddy
Crawdaddy's picture

Has there ever been socialism without oligarchy?

Bitch about the Ronster all you want but who else spent an entire political career out of pointing out the evils of central banks, warfare and empire? I remember him telling Reagan to grow a pair and quit spending money we don't have.

Wed, 03/19/2014 - 23:26 | 4570865 zionhead
zionhead's picture

Entire Political Career? Now that's an oxymoron, had Term Limits had any meaning, maybe Ron Paul could have been a real doctor.

*

Spending 40+ years sucking the GOD DAMN GOVERNMENT TIT, does NOT give a man any fucking credibility.

*

Yep he pointed out the EVIL, but always in the wrong direction.

Ron Paul is like the MSM today on MH-370  "LOOK OVER THERE",...

Ron Paul for 40 years said "Pay no attention to the man behind the curtain".

Now he's retired and his SON is a king, and his son has so much AIPAC shit on his face from brown nosing its embarassing.

*

When a poltical leader in AMERICAN can with a straight face standup against AZC then let's give him some respect, but the AZC killed JFK, and that's is why Ron Paul is a PUSSY.

If Ron Paul could name name(s) and not fear AZC(AIPAC) then maybe there would be something there.

He's just controlled opposition to lead lemmings to the cemetary.

 

Wed, 03/19/2014 - 23:36 | 4570938 Crawdaddy
Crawdaddy's picture

I'm gonna have to disagree with you there. I read your post on the missing plane. Someone who can surmise a patent as the reason why the Malaysian plane disappeared can certainly gather the brain power to distinguish Ron Paul from AIPAC. You are not aware he is routinely trashed as an enemy of the AIPACsters?

 

Wed, 03/19/2014 - 18:20 | 4569753 Iocosus
Iocosus's picture

If the laws are selectively enforced, then capitalism will ultimately fail like all other imperfect systems.

Wed, 03/19/2014 - 18:30 | 4569784 NOTaREALmerican
NOTaREALmerican's picture

Re:  If the laws are selectively enforced, then capitalism will ultimately fail like all other imperfect systems.

You are assuming "capitalism" is an economic system.  It's not.   It's a word used to deliver bullshit into the brains of specific types of brains, telling those brains that: if they played by a specific set of rules "things would work a specific way and the outcome would be moral" and the reason they aren't winning is because the "capitalist rules aren't begin followed".

Meanwhile, the people delivering the bullshit are using an economic system called ScrewISM to screw the dumbasses; which is the only REAL economic system that exists.

Wed, 03/19/2014 - 18:21 | 4569755 ebworthen
ebworthen's picture

Tyler, have you put this one up yet? David Stockman with more common sense:

http://video.cnbc.com/gallery/?video=3000258398&play=1

Wed, 03/19/2014 - 18:47 | 4569855 Moon Pie
Moon Pie's picture

Typical question from MSM Heads:  "Well, golly, it would have been sooo much worse had it not been for the Fed.."

The simple frikin answer to that is:  Yes, it would have been a lot worse for the fuquers that created the crisis...but instead they were given:  (1) Boatloads of more money: (2) Get out of Jail Free cards: (3) A green light and open window for as much money as they wanted ad infinitum!

Just read some of the Lehman BK filing docs...they were ALL doing it.  And they ALL got off scot free and made even richer.  They had to reflate the 401K's so shit wouldn't go too far catty-whompus. 

So now what to they got?

Wed, 03/19/2014 - 18:33 | 4569787 giorgioorwell
giorgioorwell's picture

I don't disagree with many of Ron Paul's recommendations, especialy his views on FED and foreign policy, but he is deeply confused when he starts throwing words around like Socialism and doesn't help advance his cause.   That is not the right word for what he is describing and makes him lose whatever credibility his son Rand hasn't already pissed away.

What is going in our world of FED QE/market manipulation/ZIRP and the rigged Wall Street/Banking economy doesn't fit any definition of Socialism.

It could be called many things Oligarchism, Wall Street Banking/Rigged Game-ism, Corparatism, Globalized Financializationism.....but not Socialism.    

I know it's the dog whistle for the TP'ers, but come on...equating the FED's collusion with big banking elites is not the same thing as Socialism!

Wed, 03/19/2014 - 18:39 | 4569821 Hundred Dollar Bonus
Hundred Dollar Bonus's picture

The vocabulary doesn't matter. Most of the words have been bastardized. 

Fascism, socialism, cronyism, corporate socialism. All equal THEFT. 

Wed, 03/19/2014 - 18:46 | 4569850 giorgioorwell
giorgioorwell's picture

Vocabulary matters if you want to know who the actual enemy is.  

Wed, 03/19/2014 - 23:19 | 4570846 zionhead
zionhead's picture

The AIPAC lackey has spoken, and we're supposed to eat the shit and say, "MAY I HAVE ANOTHER"

*

Let' stop the SHIT, when Ron Paul has the ball's to start telling the truth about how the USA has been destroyed, then he has some credibility, but all he's doing now is passing the ZIONIST narrative off as "OPPOSITION".

 

Wed, 03/19/2014 - 18:40 | 4569822 NOTaREALmerican
NOTaREALmerican's picture

Re:  equating the FED's collusion with big banking elites is not the same thing as Socialism!

In Merica, you're dealing with more unspoken things than an economic discussion.

Here is the sequence of words heard (the bullshit generation) in the brain of the average Merican dumbass:

Socialims -> goddamn liberals ->  "those people" -> welfare ->  my hard earned tax money = those godamn socialists give all 1.5 trillion dollars of my tax money to "those people".  

That's really all you need to know. 

Wed, 03/19/2014 - 18:57 | 4569890 giorgioorwell
giorgioorwell's picture

That's certainly all true from a "meta" perspective and leads one to think this country is doomed, which is does appear to be these days at least politicaly and economically...but my point in that posting is that RP is generally viewed on ZH as a no-bullshitter, and appears to be endorsed my Tyler as such, and he can't even seem to make the simple connection to his people about those that are controlling things and use the right words.

Intentional misdirection and branding?..perhaps, maybe even brilliant in some Karl Rovian way, but ZH used to be a forum that lambasted that kind of BS, no matter who it came from.

It's a pity because I do agree with RP's views on many things, and then it all slips through his fingers because he can't resist throwing in some insane Socialist analogy at the end.  

Wed, 03/19/2014 - 23:33 | 4570920 LocalBoy
LocalBoy's picture

Of course it is socialism.
Text book Fabian

Just curious, giorg....why did you capitalize the word socialism ? Seems rather odd 

Wed, 03/19/2014 - 19:39 | 4569998 Savyindallas
Savyindallas's picture

RP understands what you say. His meaning of 'socliaism" encompasses "Oligarchism, Wall Street Banking/Rigged Game-ism, Corporatism, Globalized Financializationism" you describe, and other things  (like "crony capitalism") . it's just that most of his audience would not understand those terms  -he's just keeping his message simple  -you only get sound bites on the mainstream media. You have to keep things simple or the masses turn you off. If you want the whole story, read his books. 

Wed, 03/19/2014 - 19:57 | 4570052 giorgioorwell
giorgioorwell's picture

The message can easily be simplified without using the term Socialism.  Blood sucking Octopus/Squid/Elites is a pretty good one to start with. By using Socialism, you ensure that bankers/oligarchs/elites will always win because they can always claim they are "against Socialism".  If they actually wanted to change the rigged financial system, end the FED etc, they would stop shooting themselves in the foot by using that word all the time.  Maybe they don't actualy want it to change...that in my mind makes RP no different from the Koch Brothers...and that I find sad.

Wed, 03/19/2014 - 18:34 | 4569790 fpcallc
fpcallc's picture

The best was when the new chick who was interviewing him ended the first segment with "Ok congressman, too much doom and gloom". I wonder what the show's director was telling her in her earpiece? Guess Ron was getting a little too real for their audience. Just shows how shaped their message is.

Wed, 03/19/2014 - 18:37 | 4569808 Roanman
Roanman's picture

I think I would have gone with dismal rather than "pretty bad". in describing the Fed's performance.

Wed, 03/19/2014 - 18:37 | 4569809 cmb
cmb's picture

I generally like RP, and voted for him last time around.  But his take on socialism is utter bullshit. Socialism would be a gift to what we have now.  Sorry to disappoint the ZH readers but our country (US) is a socialist country...for the elite! When you trade stocks and manage to get yourself into that top tax bracket, the feds take 40% of it...compared to 25% in germany. And our beloved Russia where its only 13%.  

 

Wed, 03/19/2014 - 18:45 | 4569842 NOTaREALmerican
NOTaREALmerican's picture

Re:  for the elite

On ZH "the elite" has two distinct groups.

The hard workingbidness men who made this country great and are over taxed and create jobs by working 90 hours per week and just want to be left alone to make this country great.

AND

The people who get MOST of the 1.5 trillion in tax money each year (but not "the troops"... they deserve to get something, and goddamn it they aren't getting all the money, you know who is...   Yeah, you do).

There's allot of confusion in Merican as who "the elite" is.

Wed, 03/19/2014 - 19:07 | 4569927 JR
JR's picture

Please stop with the labels and the confusion because our dilemma is too serious and too crystal clear for serious people to have patience with these distractions. The crisis is that the American system and the American economy are in the hands of tyrants who are using the government to steal from the people for their own estates and their own power.

For those of you who enjoy the labels, it is socialism, it is Marxism, it is Fascism, Statism, Communism, and Marxist Crony Capitalism - all rolled into one.

In the Soviet System they were there, in national socialism they were there, in Italy’s Fascism they were there and they have been in America’s economic wars with Federal Reserve Keynesian Fabian Socialism, as well. They are the eternal Bolsheviks and they are at this very minute in New York City and Washington, DC.

And, by the way, there is one man who could have started us on the road back from Serfdom and to criticize him even in the least with the unbelievable damage that we are suffering, is the height of stupidity. That man is Ron Paul.

Wed, 03/19/2014 - 22:32 | 4570663 dexter_morgan
dexter_morgan's picture

Amen brother. But, that is the poster's purpose - to intentionally confuse and distract, take the focus off what RP is saying and get us arguing about meaningless semantics. Our political system in miniature.

Wed, 03/19/2014 - 18:45 | 4569831 JR
JR's picture

Janet Yellen’s reassurances that “Life is better, comrades, life is gayer” reminds one of Joseph Stalin’s fatherly reassurances to his starving people and it reminds one of the duplicity inflicted on the animals in George Orwell’s tragic story of "Animal Farm," in his severe characterization of Bolshevism (translation: the government of the Federal Reserve).

The spokesman for the ruling pigs in Animal Farm, Squealer, “had no difficulty in proving to the other animals that they were not in reality short of food, whatever the appearances might be. For the time being, certainly, it had been found necessary to make a readjustment of rations (Squealer always spoke of it as a “readjustment’ never as a ‘reduction’).

“Reading out the figures in a shrill, rapid voice, he proved to them in detail that they had more oats, more hay, more turnips than they had had in Jones’s day, that they worked shorter hours, that their drinking water was of better quality, that they lived longer, that a larger proportion of their young ones survived infancy, and that they had more straw in their stalls and suffered less from fleas…

“They knew that life nowadays was harsh and bare, that they were often hungry and often cold, and they were usually working when they were not asleep, but doubtless it had been worse in the old days. They were glad to believe so. Besides, in those days, they had been slaves, and now they were free, and that made all the difference, as Squealer did not fail to point out.”

Squealer had explained that since the ruling pigs were getting larger rations than the others, “a too rigid equality in rations would have been contrary to the principles of Animalism.”

Squealer did not set the rations whereby the pigs got an unequal share; he represented the rulers. Like Squealer, Janet Yellen does not set the rations whereby the bankers get an unequal share. Like Squealer, she is the messenger.

Wed, 03/19/2014 - 18:50 | 4569864 Nexus789
Nexus789's picture

On the road to totalitarianism -a righist version though - underpinned by the hegenomy of corporations.

Thu, 03/20/2014 - 01:33 | 4570836 zionhead
zionhead's picture

When Fascism come's to America, it will be wrapped with an American Flag - Smedly Butler, 1934

"FASCISM" is CORPORATE SOCIALISM

Wed, 03/19/2014 - 18:45 | 4569846 Nexus789
Nexus789's picture

That is a dellusion. It is the US flavour of crony capitalism that is failing.

Meanjngless use of that scary word 'scocialism'.

Wed, 03/19/2014 - 18:48 | 4569860 NOTaREALmerican
NOTaREALmerican's picture

Re;  Meanjngless

In politics (bullshit transmittion) words are seldom meaningless.

Socialism means:  "those people" getting money.   It's a good word.   It has meaning WAY beyond the word, which is simple good "branding" (I think the advertising sociopaths would call it).

Thu, 03/20/2014 - 01:32 | 4570832 zionhead
zionhead's picture

Then your really fucking up the use of words, ... let's take the USA model.

'Socialize' the printing press to INFINITY, by sending all FIAT to Brussels and Tel-Aviv.

'Privatize' the debt by enslaving the AMERICAN people.

*

Of course if anybody here actually knew what socializing, and privatizing meant they would know the correct use of  language would be ...

"The FED has PRIVATIZED the FIAT to INFINITY by passing it to an elite group of Zionist Bankers"

"The FED as SOCIALIZED the debt, by enslaving the american people".

Since Brussels/Tel-Aviv now hold the US-Treasury paper, then the the zionist bankers are RICH on paper, and the american People are poor in DEBT to the TRIBE.

 

Wed, 03/19/2014 - 18:47 | 4569854 Who was that ma...
Who was that masked man's picture

What an absolutely brilliant mind and what a tragedy the American people do not recognize him as such. and choose an utter nincompoop in his place.

Wed, 03/19/2014 - 18:58 | 4569896 giorgioorwell
giorgioorwell's picture

A brilliant mind who has never read the actual definition of the word Socialism that he loves to throw around

Wed, 03/19/2014 - 19:11 | 4569941 JR
JR's picture

Even if your instructions come from Cass Sunstein, the handcuffs and the leg irons will be on you as well as the rest of us.

Wed, 03/19/2014 - 19:51 | 4570033 giorgioorwell
giorgioorwell's picture

Cass Sunstein?  Someone forgot to turn off Glenn Beck.  

Wed, 03/19/2014 - 20:12 | 4570095 nmewn
nmewn's picture

Well, explain your definition of "socialism" then.

Its not enough to say someone doesn't know what socialism is, what is it?

Wed, 03/19/2014 - 23:10 | 4570817 zionhead
zionhead's picture

Socialism

"Communalism in its purest form, with all government absent"

Communalism is all people sharing in their community. With no need of central gubmint.

*

Ergo, when Ron Paul calls the FED socialist, he's TALKING NATIONAL-SOCIALISM, at BEST aka NAZISM. Then why doesn't he just say that the FED is a NAZI organization ran by AZC ( AIPAC )?

 

Wed, 03/19/2014 - 22:36 | 4570687 dexter_morgan
dexter_morgan's picture

You DO disagree with what most of what RP is saying and are trying to distract and confuse with bullshit about the definition of socialism. Call it what you want in its various forms over the centuries, but it is tyranny all the same. If you seriously think any definition of socialism is a beneficial thing, then you really agree with almost nothing RP has to say.

Wed, 03/19/2014 - 23:08 | 4570807 zionhead
zionhead's picture

If ron paul was really a good guy, and had any balls whatsoever he would be saying ...

 

"A super secret group of ZIONIST bankers, has for 100+ years controlled the USD USA FIAT", "Today they're printing the money to INFINITY, and sending it secretly to Brussels and Tel-Aviv where they are buying US Treasury Debt"

Nothing is socialized, which means coming from society, all power of the FIAT-to-INFINITY comes from secret ZIONIST BANKING CABAL's.

This has NOT a fucking thing to do with SOCIALISM.

Wed, 03/19/2014 - 23:05 | 4570794 zionhead
zionhead's picture

That's funny because Cass Sunstein has Rand Paul by the pussy, and papa Paul has clearly gone senile.

Please ZH minions don't downvote people for telling the truth.

RP throws words around like I toss around ZIONISM, and you let it stand. WHY?

 

Thu, 03/20/2014 - 02:33 | 4571340 BeetleBailey
BeetleBailey's picture

we don't. WE just ignore and laugh at you, douchebag

Wed, 03/19/2014 - 19:00 | 4569898 Bohemond
Bohemond's picture

Ron Paul's comments and logic  are (to this reader) irrefutable and intelligent.

 

The problem is how does this message get out to the masses ?  And would they understand ?

 

Wed, 03/19/2014 - 22:05 | 4570534 Crawdaddy
Crawdaddy's picture

If his message gets out they'll steal that too. Little known fact: he won the 2012 Iowa caucuses. Problem was the RINO NWO loving jackhats stole it from him long enough to get into summer. The vote was in Jan but true winner wasn't announced until June.

http://www.businessinsider.com/ron-paul-wins-iowa-caucuses-2012-6

It also gives Iowa its third Republican presidential winner of the 2012 election cycle — a potentially bad sign for a state that prides itself on its first-in-nation caucus status. The Republican Party descended into chaos after this year's January caucus, which was initially called for Mitt Romney until the state GOP declared Rick Santorum the real winner. The debacle led to the resignation of Iowa's state GOP chair, and Ron Paul's highly-organized army of grassroots supporters stepped in to fill the leadership void.

Wed, 03/19/2014 - 19:25 | 4569963 JR
JR's picture

From the man who knows socialism when he sees it —

“…the only way Obamacare is going to disappear quickly is if it totally self-destructs…one day, it’s going to be so bad, people are just going to opt out on their own. What we need to do is change the Congress and allow people to get out of this monstrosity as soon as they want.” – Ron Paul, Fox News, January 2, 2014

Wed, 03/19/2014 - 20:06 | 4570085 Dr. Destructo
Dr. Destructo's picture

"Blah blah blah socialism bad blah invisible schlong fixes everything blah"

The problem is the centralization of power, not any perceived "isms" that Ron Paul likes to use on a constant basis. Government exists in two forms: Centralized or Decentralized.

A decentralized government would be better suited to serve the needs of the people as they arise as long as the people have more power than which puppet they want to elect to represent them. This means holding town meetings and giving people the power to allow or prohibit certain policies to take effect, allowing/disallowing certain industries from setting up shop, and deciding as a people where to allocate tax money to meet a certain need or emergency.

We have a centralized government that takes away autonomy and power from the local level and places it all on the federal level, and cities that prefer to specialize in a certain industry such as tech and manufacturing -which ends up fucking over cities like Detroit and San Francisco in the long run especially when you outsource your labor in the quest for forever boost shareholder wealth by cutting costs (bullshit idea). Get rid of the idea of boosting infinite profits, specializing cities, and centralizing power and you'll see a much healthier nation.

Some things I like Ron Paul on, but sometimes he paints with too broad of a brush for my taste -especially with falsely labeling policies and carelessly labeling things as "isms".

 

Thu, 03/20/2014 - 01:22 | 4571234 Armed Resistance
Armed Resistance's picture

You need to go back to 11th grade and learn US History, and particularly the 10th amendment. "The powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the States respectively, or to THE PEOPLE.

Where did it say large, overbearing Centralized Federal Government?
We have morphed into today's version through both wings of the big government party. Ron Paul is right.

Thu, 03/20/2014 - 05:00 | 4571455 Dr. Destructo
Dr. Destructo's picture

Actually let me ask you this: What did you think my post meant? I honestly think you are confused about what I typed, or my negative critique on RP caused you to flail your arms and fingers and quote nonsensical gibberish about a constitution which lost it's relevance at least 200 years ago and has never been followed and always been amended and interpreted for the sake of convenience.

Seriously, you must of came from 11th grade if you think that piece of paper is relevant today.

Besides, Ron Paul is a shill for the MIC -just check out his donors for when he was in government.

Wed, 03/19/2014 - 20:32 | 4570166 Cornholiovanderbilt
Cornholiovanderbilt's picture

Its all been downhill at wtf speed since he retired!

Wed, 03/19/2014 - 20:49 | 4570204 Smiley
Smiley's picture

Term limits for all elected officials and mandatory 10-year sentencing for corruption.  The scum will self police by ratting each other out and purge the system within 2 years.

Wed, 03/19/2014 - 23:00 | 4570774 zionhead
zionhead's picture

Ron I have a real problem with your 'Socialism'

Are you talking Peoples-Socialism?

or

Are you talking about Corporate-Socialism?

I think that at no time in all USA history has Peoples Socialism ever been tried for a nano-second, fuck even FDR was a spoiled rotten rich kid, ... certainly NOT thinking about the 'little people'.

RP is our favorite for his son too is all dear for ZIONIST PTB, but when they talk about 'socialism' what the fuck are they talking about?

*

The FIAT will be printed to INFINITY, 100's of trillion's, thus the bastards might as well spread it to the little people, rather than just secretly offshoring the FIAT to Brussles or Tel-Aviv.

 

Wed, 03/19/2014 - 23:03 | 4570784 zionhead
zionhead's picture

The FED a consortium of ZIONIST BANKER's is hardly 'socializing'.

A better term for our printing FIAT to INFINITE in secret would be a PRIVIZATION of the printing press by a super-secret group of elite fuckheads.

FUCK RP is part of the circus when he talks this SHEEEEEEEEEEEEET.

Wed, 03/19/2014 - 23:34 | 4570924 message2gowri
message2gowri's picture

Central Planning has to be Put to Rest by Second Amendment Rights!! These guys are Cheating the Country way too long!! We need a  Ron Paul for 2016!!

Thu, 03/20/2014 - 01:21 | 4571230 The wheels on t...
The wheels on the bus are going to fall off's picture

Ron Paul can do more good outside of the presidency then inside of the presidency. I am not even american but i can see the importance of someone like Ron Paul to open the minds of the sheeple, that the country (and many others) need.

Thu, 03/20/2014 - 05:48 | 4571521 pies_lancuchowy
pies_lancuchowy's picture

unfortunately, when appearing on MSM, usually he is put in a context where they ridicule and marginalize him, more or less subtly . I'm sure he won't have another shot to change millions of minds or regular folks, like he did during his presidential run . And this is tragic

Thu, 03/20/2014 - 01:44 | 4571272 zionhead
zionhead's picture

Rand Paul put's spy blame on OBAMA for Gay Edgar Hoover spying on MLK,

http://www.nytimes.com/2014/03/20/us/politics/rand-paul-speaks-at-berkel...

Rather than BLAME GAME, why does Rand Paul not talk about why ZIO-NEO-CON created the SocialSpy System

*

"Look over there towards Hoover's cemetary plot, that's where you will find Obama's keys to the NSA", .. yep move along.

How about Rand Paul publicly stating that all BIG SOCIAL-NETWORKING corporations are fronts for the NSA/CIA and these pretty boys like Zuckerberg are just circus acts like Rand Paul himself in WASH-DC?

Thu, 03/20/2014 - 05:36 | 4571507 Heroic Couplet
Heroic Couplet's picture

I liked Matt Taibbi's vid about banks get to borrow at 0% interest rate. That seems to work. So socialism for the 1% seems to work. Keynes was right. Ron Paul is wrong.

Thu, 03/20/2014 - 08:06 | 4571665 franciscopendergrass
franciscopendergrass's picture

The Federal Reserve, the greatest instrument of wealth transfer mechanism.  It exploits the savings and earnings of the middle class and benefits the rich.  Make the rich richer and the poor poorer

Thu, 03/20/2014 - 12:42 | 4573029 redd_green
redd_green's picture

"The economy on the surface looks good"?  Really Dr Paul?    To whom?

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