Ron Paul on Federal Reserve, banking and economy
Uploaded by: markiegreg
Video Description:
Excepts of Congressman Ron Paul (R-TX) from the documentary "FIAT EMPIRE - Why the Federal Reserve Violates the U.S. Constitution." Dr. Paul discusses the origins, operations and results of the Federal Reserve System and fiat currency on the U.S. and global economy.
The entire film, Fiat Empire, can be accessed at http://www.FiatEmpire.com or directly at Google Video at http://video.google.com/videoplay?docid=5232639329002339531 &hl=en
"This Telly Award-winning documentary on the Federal Reserve System was inspired by the well-known book, "The Creature From Jekyll Island" by G. Edward Griffin, and features presidential candidate, RON PAUL.
To order a high-quality DVD or VHS tape (by mail) with up to 160-minutes of additional interviews, go to http://www.FiatEmpire.com/screener. To get instant downloads in a range of qualities, go to http://www.mecfilms.com/mid/ppv/ppvhome.htm and select from the "Documentaries" menu.
Find out why some feel the Federal Reserve System is a "bunch of organized crooks" and others feel its practices "are in violation of the U.S. Constitution." Discover why experts agree the Fed is a banking cartel that benefits mainly bankers, their clients in need of easy money and a Congress that would rather increase the National Debt than raise taxes.
Produced by William L. Van Alen, Jr., the 1-hour documentary is a co-production between Matrixx Productions and Cornerstone Entertainment and features interviews by, not only G. Edward Griffin, but Congressman Ron Paul (R-Texas); MOVIEGUIDE Founder, Ted Baehr; and constitutional attorney, Edwin Vieira (4 degrees from Harvard). FIAT EMPIRE was written and directed by James Jaeger and narrated by Kris Chandler. Associate producers are Ted Pollard, author and former Commissioner of Radnor Township and James E. Ewart, well-known author of MONEY.
Use a DVD for personal screenings and a VHS tape for free public and private screenings.
For more information on FIAT EMPIRE visit http://www.FiatEmpire.com or the mirror site at http://www.mecfilms.com/fiat. For various political, economic, sociological, media-related and philosophical essays by James Jaeger and others, visit UNIVERSAL ISSUES at http://www.mecfilms.com/universe.
For new films and updates on Matrixx Entertainment's activities, visit http://www.mecfilms.com/update.htm
Tags for this video: bankers banking changers congressman currency debt Federal fiat inflation international money order Paul reserve Ron
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Gold buys the same amount of oil as it did 100 years ago. When you print money from nothing every dollar that you have in your bank account loses more value. That's what really makes prices go up.
Your claim that gold buys the same amount of oil today as it did 100 years ago is also dubious, as the supply of and demand for each commodity has certainly changed over time.
The value of the currency is backed by the underlying real activity of the economy. As I had said, arbitrarily pegging its value to a commodity can be difficult and unwise.
Separating the power to print money and spend money? Thats a load of shit. If the congress acts unjustly, it is the people who check them. But you cant expect Americans like yourselves to do that, you're merely pawns.
When politicians, who have short-term interests driven by the political cycle, are entrusted with the printing press, they tend to abuse that power to get re-elected; they have an even bigger vested interest in inflationary spending than the bankers do!
And the best part is that it is impossible to ever pay it back. Wow...brilliant.
Or maybe we can try fiscal responsibility for once!
If people had watched Zeitgeist aaaages ago, you'd already know this.
You can NEVER make the debt back, it's actually impossible, your' gold is gone, your' assets are GONE, your' economy GONE, eee he he heee, it's funny really, they tricked everyone (paper has value) ahhhh ha ha ha
I shouldn't poke fun, I only learned this through phuckin loads of reading, and wait.... Britain ... Noooooo, we are all doomed. Down with money!!! Paper receipts for OUR GOLD!!!
The hole in that argument is thus: the Federal Reserve returns all of its trading profits to the coffers of the United States Treasury at the end of every year. All that Federal Reserve interest goes right back to the taxpayers. Look it up!
Are you all so collectively conceited as to think that your ideas are somehow novel? Do you think that every single policymaker in Washington is so unambiguously corrupt or mentally deficient that they'd allow that to happen?
Some people spend their entire careers thinking about these things! What did you guys do? Watch a video on YouTube?
This is not a conspiracy it is actually happening, the Fed was actually created and we are actually paying interest on the new money that gets put into circulation, the dollar and Euro are actually consistently losing their value, creating inflation. No conspiracies about it. It's simple truth , just look around you.
But, with all due respect, you (and Dr. Paul) have absolutely no idea what you're talking about. You have all these strongly held opinions on monetary policy, but you don't comprehend it one iota!
If you have a problem with moderate, predictable inflation, I suggest not saving your money by stuffing it into your mattress. If everyone saved that way, we would all be forced to get student loans from Tony Soprano.
"It is a [disputed] question, whether the circulation of paper, rather than of specie, is a good or an evil... I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin." --Thomas Jefferson to John W. Eppes, 1813. ME 13:409
Its called Direct Democracy, you give the people the right to vote, on EVERYTHING. Eliminate the cheating, menacing cowards in Washington. EDUCATE your people in these matters so they may decide, for themselves, if the nation goes to war, who should print money, how much money is in circulation, and so on. Hmm, seems easy enough!
RP 2008!!