Ron Paul Schools Ben Bernanke Yet Again 2-27-08
Uploaded by: Michaelwiseguy
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Ron Paul is the smartest Man in the room and gets Helicopter Ben to admit he is right.
Tags for this video: Banking Ben Bernanke Comity Hearing House Paul Ron
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Even worse would be to bring back the gold standard. If we were on the gold standard now we would be screwed. Our economy would get even worse because when we went through hard times gold would go up making our currency more valuable. This would make our workers even less competitive. The only way out is deflation AKA we all take a pay cut. This takes years to flow through an economy. Very painful.
I don't care if the the Federal Reserve System smooths out the bumps and economic hiccups. I don't care if it gives us easy credit and the illusion of prosperity.
The Federal Reserve is TOO MUCH POWER in TWO FEW HANDS. At least the people have SOME ties to Congress.
Let the free market rise and fall. I want freedom.
There is a reason why every major economy in the world has an independent central bank and a floating currency. The last thing you want to do is politicize monetary policy.
Have you every seen a chart that shows economic growth pre and post interest rate intervention? Its quite striking. In the 1800s the American economy was completely erratic with a series after series of deep recessions.
We have seen nothing of the sort since the power of the central was realized.
Article I, Section 8 says that, "The Congress shall have power. To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures."
If it was truly unconstitutional, I am sure you can challenge it in the courts. Or is the supreme court part of the conspiracy also?
Looks like you feel threatened. I guess spewing hate is easier than coming up with an argument. Certainly don't want to strain your little pea brain.
Its really hard to have a movement when you have these A'holes running around giving you a bad name.
I'll take a series of recessions.
The Fed is foreign owned and has no loyalty to
this country or it's people.
Now under Fed guidance, they're going to take
700 billion+ dollars from tax payers and give it
to the banks.
Who will then loan it back to us at interest.
Makes sense to me...
American debt is not generated by the fed. It is generated by congress. This is exactly my point. Congress is too irresponsible to take on monetary policy.