End The Fed - Houston Rally with Ron Paul Pt.1

Johndoe804 Says:

Dec 4, 2008 - I'm not sure how you came about the conclusion that a fixed money supply results in greater ease with which the rich can attain and hold wealth. This is simply untrue. Without a stable money supply, economic calculation becomes strained because the actual value of money is difficult to judge. This would make it more difficult for anybody to forecast and make profits. Inflation isn't bad? Prices increasing isn't bad? Wouldn't you rather see the overall price you pay for goods decrease?

Johndoe804 Says:

Dec 4, 2008 - Your so full of shit. I was there, and I spoke to Ron Paul personally. He is anything but senile. His thinking and reasoning are right on. I would say that his 72 year old mind is quite a bit sharper than mine, and definitely your own. I mean, honestly, how can people dislike Ron Paul. The man is a complete inspiration, adhering strictly to his same honorable views for over 30 years! So, rather than attack Ron with baseless stupidity, why don't you go and attack one more deserving of it

Johndoe804 Says:

Dec 4, 2008 - If they need a 7 billion dollar loan to weather this period of economic hardship, why don't they prove their credit-worthiness to a private bank, and obtain the funds in that manner? At any rate, Congress allocating any loans to the Big Three would only serve to prop up the automotive industry. If demand has dropped off for the vehicles they produce, they should be cutting back production in order to profit on the actual demand of consumers.

Johndoe804 Says:

Dec 4, 2008 - Do you even know what the Fed does? Every macroeconomic adjustment the Fed makes independently of the political process can be done through fiscal policy by the Congress. It doesn't make any sense to have an unchecked authority monopolizing the reserve currency of the entire world. Do you know anything about monetary economics? With any expandable money supply, economic calculation becomes more difficult, if not impossible, because the value of every unit of currency is in such flux.

Johndoe804 Says:

Dec 4, 2008 - Farmers and populists pushed to end the gold standard because they saw economic adjustment as unfair. When farmers overproduced their wares, prices fell sharply because there was a surplus of said wares. So, rather than adjusting to the actual demand of consumers, they cried fowl and ran to the Federal government. Would you mind explaining how you came to the conclusion that, "Without an expandable money supply, the wealth gap inevitably increases."? I'd like to hear your reasoning.

Jmriccitelli Says:

Dec 4, 2008 - It's very simple people. When you look at ancient empires, a soldier would come to your hut, and demand taxes for wars, armies, and of course the king. Well, in modern times, governments still need money to globalize and control every country's natural resources. Well, were do they get all of the money? Obviously, people don't want the same policys as the government? So were do thry get the money? CENTRAL BANKS!!!!!! It's a way of taxing without people realizing were the money's going!!! wake up

cmc30250 Says:

Dec 4, 2008 - Farmers aimed to end the gold standard because they didn't have any money to pay off their debts, the majority of money in circulation was in the hands of the wealthy. That's the problem with a gold standard, there is a fixed amount of currency , making it too easy for the rich to get richer as they invest, save, and take currency out of the system. Inflation, when not out of control, makes it possible for the rich to stay rich, and allows poor/mid class to climb out of debt and rise into wealth

cmc30250 Says:

Dec 4, 2008 - Like I said, though, there problems with both. I used to be against the fed and against inflation and supported ron paul on this belief, but a gold standard isn't the answer to our monetary problems, I believe. What needs to happen is we need to control the amount of inflation that occurs, and be smarter in how government spends money. Too much inflation is a bad thing, it weakens our currency. The right amount of inflation is actually good, especially during recessions; it stimulates investing

sirpico123 Says:

Dec 5, 2008 - only real solution is to abolish paper money and introduce a system of credits making more credits for consumables and less for credits saved.

Warhorse46 Says:

Dec 5, 2008 - We should also just go back and re-read the Constitution.

GaGirlie777 Says:

Dec 5, 2008 - I wrote him in on election day. :)

Johndoe804 Says:

Dec 5, 2008 - That being the case, then why do we allow the Fed to make these decisions when the Congress can affect the economy in the same way through strategic use of fiscal policy. If the economy did go into recession, the Congress could increase their spending on infrastructure, as prescribed by the Constutition, having the same effect on investment by driving down interest rates through an artificial increase in aggregate demand?

Johndoe804 Says:

Dec 5, 2008 - The Fed, in that light, and to me, seems like an engine for corruption. The system allows the Congress to get away with vast overspending without having to face the check which a raise in taxes would have on their tenure in office. I'm also in disagreement with your ideas about fluctuations in the money supply. I'd like to continue with you in regards to this, if you'd like to send me a personal message. Also, in my last comment, I switched up the punctuation on the two sentences.

Blackjack555 Says:

Dec 5, 2008 - Many american people would rather get discounted chinese junk from walmart than listen to what this guy has to say.

Warhorse46 Says:

Dec 5, 2008 - "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance." Quote by JAMES MADISON

Warhorse46 Says:

Dec 6, 2008 - watch?v=-jTpQSLCq_Q

ur2cy Says:

Dec 8, 2008 - cmc30250, you are missing the point. Inflation is caused by the expansion of the money supply. There are a scarcity of goods and raw materials. The more fiat money you have chasing it the less value each dollar is. The US dollar has lost 96% of its value since the Federal Reverse Act of 1913. On top of that they charge interest for the money they are printing out of nothing.

ur2cy Says:

Dec 8, 2008 - Having Gold or silver reserves puts a physical value to the currency and because you need gold reserves for each dollar you print it is a natural curb to inflation because you won't print as much. Bottom line, fiat money not backed by gold IS the cause of inflation and a hidden enormous tax people are not conscious of.

Kras3169 Says:

Dec 15, 2008 - views: 48,572 at 7:28pm on 12/14/08

YOELTHEKING Says:

Dec 16, 2008 - views=48,695 on Monday 12/15/2008

cuey7777777 Says:

Dec 19, 2008 - backing a system by gold will still let fractional banking exist, get the tally sticks back!! watch international bankers, build in early 90s, insane i lived 30 years befor i learnt this stuff!! LET THE REVOLUTION BEGIN!!!

nicholeddy29 Says:

Dec 24, 2008 - i love ron paul, he is like the new jesus

VaniVamp Says:

Dec 25, 2008 - The public teat? Isn't the public what politicians should be concerned about?

JustGetThere Says:

Dec 27, 2008 - I gave you a chance, but your comments have reduced to that of a 8 year old.

stevenewman01 Says:

Dec 31, 2008 - The names of Ron Paul's five children: Ronald Jr., Lori, Randall ("Rand"), Robert and Joy