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405 Comments
- demicritter, on 05/14/2008, -19/+206Dr. Paul is the only candidate of character and honesty. And who believes in the Constitution.
- XanderDee, on 05/14/2008, -8/+184Good to see Ron Paul on TV telling people what they don't want to hear.
- digitronix, on 05/14/2008, -6/+127Subtitle at 0:43: "We don't need K-Fed". WTF???
- inactive, on 05/14/2008, -5/+109Thanks for posting this. I don't get fox news.
I think Paul accurately described it as complete nonsense. - Todash19, on 05/14/2008, -11/+99Great interview. RP knocks every one of them out of the park.
- louiss19, on 05/14/2008, -11/+100Go Ron Paul!
- Grantismo, on 05/14/2008, -9/+90w00t, let's get more of the doctor on digg, I miss all the articles :]
- thatsmyaibo, on 05/14/2008, -5/+82I'd rather see this guy in office over Obama any day of the week. Unfortunately the MSM has already decided everything about this election.
- Fragle1980, on 05/14/2008, -13/+88Ron Paul Is the man... his logic is undeniable!
- possiblyneil, on 05/14/2008, -2/+68Wow that is integrity, he never missed a beat. A government might work if all the politicians were a bit more like Ron Paul.
- Xihix, on 05/14/2008, -9/+72The GOP is ***** stupid. Support the least electable idiot instead of this guy? I guess the party starting to slip up in 2006 wasn't enough for them.
- 420666, on 05/14/2008, -6/+65yes, he's right.
yes, he's still in the race.
yes, you can still vote for him. - j.carcinogen, on 05/14/2008, -3/+56Woah, truth and logic?!
- doommetal, on 05/14/2008, -1/+46Good to see some more balance in digg stories. Go Ron!
- scy1192, on 05/14/2008, -1/+43after a 5 month absence from the front page, Ron Paul seems to be regaining lost momentum here.
- latinjones, on 05/14/2008, -2/+42I didn't catch any racism or racial undertones in this clip. Did I miss something?
- inactive, on 05/14/2008, -1/+38He got Ron Paul'd!
- Ghoztt, on 05/14/2008, -15/+49MMmmm.... Ron Paul....
Down with the Federal Reserve! Go get em' Doc! - zen4444, on 05/14/2008, -7/+39The Federal Reserve shell game must end someday, and in its ruin (if we survive) hopefully a better system can be enacted.
- trogdor282, on 05/14/2008, -0/+33Well, for what it's worth we really DON'T need K-Fed.
- Progrockusa, on 05/14/2008, -2/+30no such thing as right and left. they are all for big spending and big government.
- inactive, on 05/14/2008, -1/+29That is what trolls do, is scream "racism" when they have no valid arguments to Dr. Paul's opinions! It is worn out! It is not going to shut us down, period. We are sick of you and you are the racist, bigot and hater and UN-American!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! It does not work anymore - the word racism- to shut down an honest debate. Get over yourself. *****!
- zephc, on 05/14/2008, -1/+27Don't feed the trolls, for they are hungry and smell of feces.
- inactive, on 05/14/2008, -0/+27ignorant *****, try listening to the guy first before opening that sewer on the front of your face. I support the otherside but Ron Paul has more wisdom then the entire republican and democratic parties combined,
- Thrilltone, on 05/14/2008, -1/+26Today the liars are telling us that recession worries are easing. This is based on skyrocketing food costs, 'balanced' by the drop in gas prices. That's right, they used their prediction of gas prices dropping to offset the food price spikes and fed it to us as 'good news'
http://biz.yahoo.com/ap/080514/economy.html?.v=6 - SmurfSlut, on 05/14/2008, -10/+37RON PAUL 2012!
- chromerium, on 05/14/2008, -0/+25I don't really understand it either, but I think his argument boils down to this;
When banks lend money that they don't have, and that money is spent (to buy houses, cars, whatever), then the economy is effectively creating money out of nothing. This is what causes inflation. Inflation doesn't hurt rich people; something that cost 500k one year costing 510k the next doesn't bother them. They're making a hundred times that on investments, the inflation is completely eaten by their ability to generate more money.
The middle class and the poor however, suffer. What little money they are able to scrape together every month is devalued by inflation to the point where if they make any interest, the inflation rate more than offsets that. The money in our pockets devalues daily due to this false wealth being created by the federal reserve.
Now that, in and of itself, wouldn't be a problem if we allowed the market to correct itself, but by giving failing corporations money to stay alive, by propping these places up, the fed is artificially trying to stall the correction that needs to happen. The longer the stall, the larger the correction will need to be ... eventually the fed will need to print more and more cash to back these banks, raising inflation to crazy levels.
The point that people try to make is that large and expensive infrastructure projects such as the internet need this kind of investment because otherwise there wouldn't be funds available to invest - the return on the investments come in far too late. I'm not sure if this is a valid point or not; countries were able to fund large infrastructure projects back in the days when currencies were tied to gold, I think that the added risk of going out of business (and not being able to be bailed out by the fed) would probably result in wiser spending.
The above summary is probably incorrect, but its how I understand it. I'd appreciate it if someone who actually understands this stuff could kindly restate things more closely reflecting Congressman Paul's view on this.
People like to dismiss the man as "that crazy guy who doesn't understand monetary policy", but I have a feeling that maybe he understands it exactly the same way that everyone else does, but it doesn't sit well with him. All the other ***** standing up calling him "crazy" are making ***** of cash out of the current system, so it's in their best interests to try and bury him. What if he's right? - Stryder81, on 05/14/2008, -2/+24wow Good eye, I didn't see that till now....
- cabdirazzaq, on 05/14/2008, -7/+33Ron Paul, may Allah guide you and render sound your state of affairs! If the respected doctor ever gets tired of the feeble response he's getting over there, we here in Sweden would more than welcome him.
- Gogogo111, on 05/14/2008, -1/+24Too bad Bush wasn't a conservative. He was a ***** madman.
Ron Paul IS a conservative because he wants to SAVE money, reduce government size and up the value of our terrible dollar. - inactive, on 05/14/2008, -2/+20They want his opinion, now that it might be too late.
"Help us Obi-Ron, you are our only hope." - inactive, on 05/14/2008, -4/+25Man, I would love to see a Ron Paul/McCain debate on JUST the economy/Federal Reserve! He would PWND
- diggnate, on 05/15/2008, -2/+20oh thank God someone said it! I still don't understand the mass exodus from Ron Paul to Obama here on digg. Does no one realize that Obama is almost 100% completely different than Ron Paul (not in a good way)? I don't get it. Ron Paul calls for personal responsibility, individual freedom, economic liberty, and constitutionally small government ... and Obama thinks the government should fix everything.
Just listen to any of his town hall meetings. A bunch of whiners come and complain about gas and food prices, or housing, or education, then Obama proceeds to promise to fix it all. News flash: No President can lower gas prices, buy your groceries, pay your rent and educate your kids. How's this for an answer ... find your own damn solution, and I'll get the government out of your way. - inactive, on 05/14/2008, -1/+19WRONG. We need him in the White House, and we need his policies in Congress.
- inactive, on 05/15/2008, -2/+21I think we need a Doctor in the House - the white house that is. I know you digg trolls - we love you too:) You people would not know freedom or true liberty if it smacked you in the face!!!!!!!!!!!!!!
- fluoro, on 05/14/2008, -3/+19He answers this very well if you watch the video. But that's not what this clip is about.
- doyoulikeworms, on 05/14/2008, -3/+18Bush is a modern liberal. Prove me wrong.
- Todash19, on 05/14/2008, -9/+26That there is the quintessential example of the US liberal media.
K-Fed, Brinany and all the other debu-*****.
Smoke and mirrors, pay no attention to the real issues, there are no real issues. Instead, LET'S DANCE! - fyngyrz, on 05/15/2008, -0/+14You have NO idea what you're talking about. The fractional reserve system isn't a system that lets a bank loan out money that depositors have placed in the bank; that's normal loaning on savings, which generates interest. Entirely normal and entirely run of the mill.
The fractional reserve is a system that lets a bank loan $10 for every dollar they take in. So let's say you deposit $100 in savings. The fractional reserve system allows the bank to loan not the $100, but one THOUSAND dollars.
That is what Paul is talking about. Not loaning money the bank has, from you and others -- but loaning money it DOESN'T have!
Originally, if you had a savings account, the REASON you earned interest, is because they were loaning out your money. That's why accounts that don't save - checking, for instance - typically don't earn interest. It's a hang over from those days. - cabdirazzaq, on 05/15/2008, -1/+15Thanx for the supportive words, albeit I did realize that word was somewhat provocative especially when on digg territory but I thought it would show the kind of support this man gets. I, as both a Muslim and an European would have never considered rooting for a republican in my life (or any other American politician to be honest) until I saw this man, honest and very logical in his views and character.
Although, it may sound somewhat odd, his views have many similarities with the Islam (NOT to be confused with todays tyrannical U.S paid puppet regimes that call them self islamic, they have in many cases drifted farther away from the Islamic teachings than the present day U.S have from it's constitution). For instance, taxation is forbidden in islam as it's seen as a form of oppression, freedom & tolerance used to be what Islam was famous for all throughout the middle ages as both Jews and Christians could live side by side in an Islamic state without any persecution or inquisition. The Prophet governed without taxing the population, without setting fixed prices or rates (when people inquired to him to do this, he refused on the basis of him not having the authority to do so) without even a police force since it wasn't really needed + the fact that islam forbids any surveillance of the population in their homes and in their privacy. We are not even supposed to have any priests, who gave a priest the authority to tell me what to do and not to do?
Finally to all Ron Paul supporters, don't give up despite the battle your facing. You fought brave and hard to get your independence from Britain, will you really let big government, the fed and AIPAC take all that away from you? I think (and hope) not. - fyngyrz, on 05/15/2008, -3/+16He selectively believes in it. Doesn't understand the 2nd amendment, for one thing.
- Tommyhawk, on 05/14/2008, -2/+16Its funny but I've noticed its usually people who have no understanding of economics whatsoever and further don't care to learn are the ones who are most willing to trust a bunch of people who all went to school and learned the same theories over their own judgement and common sense.
- govsucks, on 05/15/2008, -1/+13I love how people who want freedom are all dumb sheep, yet people who want government to make choices for them are what, eagles soaring free in the clouds?
***** you, you are a content weak slave of society. - inactive, on 05/14/2008, -0/+12The GOP is stuck on stupid. by definition, stupidity is doing the same thing and expecting different results.
Ron Paul's Army is fighting a pleasantly downhill battle against the dying neocon party apparatchiki.
As McSame endorses Gore's ManBearPig Credits, and Barr flanks from the right, it gets even easier. - Bojanglesmn, on 05/14/2008, -3/+15Can you point me to the comment where someone said he can still win? I'm not seeing it.
- pstroll, on 05/14/2008, -3/+18Here is a good explanation of what the Fed is doing in regards to the collateral being accepted to keep banks solvent.
http://www.youtube.com/watch?v=OrFHxpI7XsU - coreyb, on 05/15/2008, -0/+13I agree with Paul, the system is nonsense. The unfortunate thing is that this is the argument that should have been made 100 years ago. But it won't work now, too many people, companies, banks, and just plain variables depend on the current system to start a quick drastic overhaul. We need to slow the progression of the fed and its oversight and start backing it up carefully to where we were 100 years ago, to before the fed was installed as the governor of our country.
- xerigen, on 05/15/2008, -1/+12No, he was talking about the Federal Reserve.
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