What is Digg?75 Comments
- skinnyskittles, on 07/16/2008, -3/+61Kick his ass, Ron!
- Pssdoff, on 07/16/2008, -1/+47Ben Bernanke's response is always about maintaining price stability, but the Fed can't even do that.
http://news.yahoo.com/s/ap/20080716/ap_on_bi_go_ec ...
He also seemed to imply that the rising prices were mostly the result of the supply and demand of oil. While I'm sure that oil price does play a small part in the reason for rising prices, he can't deny that the dollar is worth significantly less now when compared to ten years ago. Ron Paul is right that the Federal Reserve is a bigger taxer than Congress. - TheDeepFriar, on 07/16/2008, -2/+43right on!
- jodimcmullen, on 07/16/2008, -1/+36Bernake is looking pretty ragged these days... Maybe he is being faced`with some R E A L economic data. The current banking/housing collapse is only beginning, second year of loans resetting now, and at least 4 more years to go. Massive problem, and you can see it on his face. They had better order some more printing presses from China, lots more.
- conza88, on 07/16/2008, -0/+34It's good this isn't the CNBC video... I mean seriously, the whole proceedings - no interruptions; when Ron Paul speaks... Ohhh market update... then they cut away and do a mini interview, fading out Ron's question... then go back and continue a flashing update...
I mean seriously, you can't get more blatant. - iupetre, on 07/16/2008, -1/+35As soon as people realize that price of oil and other goods are going up because of inflation, they will see the lie of a supply/demand problem.
http://static.seekingalpha.com/uploads/2008/4/17/o ... - mport1, on 07/16/2008, -0/+33Excellent job from Ron Paul as always.
- inactive, on 07/16/2008, -1/+34Wow .. Benny admit's that inflation is a tax. He calls supply and demand issues the cause of the rise in oil prices. While that may be true in part, a rapidly devaluing dollar is only amplifying that price increase. By raising (printing!) another 300 billion to bail out yet another insolvent bank, we're increasing the money supply by 300 billion and driving the dollar just that much further down. That results in higher prices for everything - not just oil but food, clothing ... everything.
As long as we allow the Fed to flaunt the law and we have paper dollars backed by more paper dollars, backed by more paper, we are going to be in trouble. I don't see how this ends well, or how there is any resolution to the crisis in the printing of more paper to back up the paper. The Constitution calls for gold and silver coin managed by Congress, and had we not allowed the government and the federal reserve to flagrantly break the law, we would have silver and gold backing our paper, giving us a sound honest dollar and we wouldn't be in this mess. - richmomz, on 07/16/2008, -0/+33Keep up the good fight Dr. Paul!
- XanderDee, on 07/16/2008, -0/+31It is my hope that people that read this go out and buy gold or silver to protect themselves from the coming economic collapse. If I save one person then I am happy as it matter to that person that read this and acted.
I would like to respond to constant belief from people I meet that gold and silver is not money but a shiny metal used for jewelery or industrial use and purchasing it is just paranoia.
First off gold and silver has been money a lot longer than paper dollar have been money and every time in history paper money goes to zero wiping out virtually everyone that does not see it coming.
Next to consider me paranoid for buying gold and silver only goes to show people do see what's wrong but refuse to believe it however lets examine the word paranoia.
Paranoia is the fear of an event or action take by others that is impossible or unlikely.
Thus you would call me "paranoid" for thinking that that the government and banks will print to much money thus causing fast moving inflation. So what you are saying in effect is it is impossible or unlikely that our government and banks will do that. :)
So let me ask a question?
How is the Federal government going to pay the interest let alone the principle on the debt of $9.5 trillion?
How will the government pay for the $56 in unfunded liabilities to medicare and social security?
How will the government pay for Freddy and Fanny?
How will the government pay for FDIC when they run out of money shoring up failed banks?
Greenspan - "[gold] protects savings from confiscation though inflation"
Voltaire - "Paper money always seeks its intrinsic value - zero."
Got Gold? - baker3909, on 07/16/2008, -2/+30Too bad the Fed / Congress are bailing out the criminal big banks and letting the individual "Mal-home investor" get away with murder in walk-a-ways.... Good thing a few taxpaying middle class folks are here to bail them out. If there were a nice middle-class run on the banks (the only ones left with any "value" to their paper money), everyone would be equally as poor and we could have a nice fresh crash of the system.... I guess all of us middle-class folks still want to use our big screen TVs and be screwed by "the man".
~~~~ "YOU ASKED FOR IT, BROTHER!" ~~~ Francisco d'Anconia - LumpyRevolution, on 07/16/2008, -0/+27Dr. Ron Paul. My hero.
- kemp34, on 07/16/2008, -0/+24Yeah, McCain just advocates multi-trillion dollar wars and hundreds of billion dollar war on drugs. Not to mention a general total surveillance state and torture. Not to mention a trillion dollar standing global military presence.
- mrdonato, on 07/16/2008, -1/+25I love how he is able to indict the system without making it personal torwards Bernake. If all of our leaders were like Ron Paul, we wouldn't be in the mess we are in today.
- Robjayne, on 07/16/2008, -0/+22How many out of balance budgets have Paul and McCain voted for? Paul 0, McCain all of them.
- skinnyskittles, on 07/16/2008, -0/+21regarding pork, Paul's view is basically, "I don’t want my taxpayers to be spending their money on government subsidies, but if they are, then I may as well try to get that money back to my district.”
- AmerPatriot55, on 07/16/2008, -0/+17I just heard on CNN with Wolfe Blitzer that the CEO's of Freddie Mac and Fannie Mae are making 10 MILLION and 12 MILLION per year! EXCUSE ME??? Why should the American Taxpayers have to BAIL THEM OUT, when they OBVIOUSLY have enough money to pay these EXORBANENT OVER INFLATED SALARIES, with BONUSES???
The Fed is so busy bailing out the banks who acted totally IRRESPONSIBLY, made TONS of money, now they're crying. Well, too bad! We're all hurting too, and to expect to be bailed out because they made BAD CHOICES is just NOT EXCUSEABLE! They have to learn their lesson, swallow the bitter pill and move on, just like the rest of us who have CONSEQUENCES to our actions, whether good or bad!
If we bail out Freddie and Fannie, that will cost us 5 TRILLION dollars, and it will be on OUR backs, while the CRIMINALS with the bank rolls move out of the country and enjoy their spoils! - kemp34, on 07/16/2008, -0/+17I wonder if the International Bankster-supporting Digg algorithm will allow this to reach the front page?
- harikaried, on 07/16/2008, -1/+17FYI, this story only shows up if you turn on "include buried stories" from the search.
- carter1955, on 07/16/2008, -0/+15Expose the Comprehensive Annual Financial Reports of all cities,counties,states and the Federal government, www.cafr1.com or go to your state and type in CAFR.
This is the 2nd book's kept by our local and federal government they are using our tax dollar's to pad there retirement fund's. - McLieberman, on 07/16/2008, -0/+14Do I get a REFUND on all the TAX BERNAKE and PAULSON have done to my standard of living?
The FED, TREASURY, and government's... upside down PYRAMID SCHEME with MONOPOLY MONEY!
The U.S. FIAT MONEY system that has caused 10's of millions Americans to suffer all for the OLIGARCHY controlling the financial system. The Facts are in Ladies and Gentlemen, and the U.S. Government, especially ANYTHING to do with the MONETARY system, is a FAILURE!
ABOLISH the FED, TREASURY, IRS, and the rest of the ILLEGAL FEDERAL MAFIA! - JettaMan, on 07/16/2008, -1/+15The Federal Reserve is just like Enron. It can operate for a while and appear beneficial, but after a while it all falls apart.
- inactive, on 07/16/2008, -0/+13No mistake about it, THEY get it but don't care - it is deliberate! Ron Paul must continue to school the public and then they get to see the "deer in the headlights" look of Bernake and Paulson.
Wake up people - we want you to be part of the r3VOLution! - Burnse, on 07/16/2008, -0/+13***** BATMAN...... DID I JUST SEE THAT?
ABOLISH THE FED!!!!!!!!!!!!!!!!! - inactive, on 07/16/2008, -0/+11http://video.google.com/videoplay?docid=-165688030 ...
Illegal income taxes, Secret Banks, and America on the slipery slope to fascism. An excellent documentary. - kemp34, on 07/16/2008, -1/+12What classical dupes/shills would bury this? Total morons.
- Minarchian, on 07/17/2008, -0/+10At 5:15 in the video Bernanke admitted that inflation is a tax.
Now.
Who creates inflation?
The Federal Reserve does by creating fiat money, by and large.
This is a fine example of the FED admitting that they are taxing Americans as though they are Congress.
It's a tax in every sense of the word and the FED is illegal, in the Constitutional sense of the word. - RobC1999, on 07/17/2008, -0/+10This is great that Ben admits inflation is a tax. If it is admitted that inflation is a tax and can be proved that the Fed causes it - then those actions are unconstitutional.
Since the Fed is not the governement and clearly not elected officials and only elected legistative representatives can levy taxes, that would make the inflation tax illegal.
I'm sure we remember that little thing "no taxation without without representation" - PeppermintPig, on 07/17/2008, -0/+9The argument to end all arguments on economics. Bravo. lol
- quesi, on 07/16/2008, -1/+9But with the right scapegoating, they get to ask for more "regulatory authority". Problem > Reaction > Solution (meaning screw the US Citizen)
- kemp34, on 07/17/2008, -0/+8Yes, clearly, a degree is the only way to achieve economic knowledge. Obviously.
You know, I don't go bury pro Obama articles just because I disagree with much of his platform, I just refrain from digging them. it would be nice if you guys just lived and let lived a little bit more. Always trying to control what others see via the use of a bury is pretty lame if you ask me. - Godwhacker, on 07/16/2008, -0/+8McCain is a tool. Ron Paul rules.
- jaybone62, on 07/17/2008, -0/+8This is your castaway candidate America!
Take a good luck,
then ponder if McCain and Obama could even understand what he is saying. - bepart, on 07/17/2008, -0/+8there are speculations that some people use bots to bury ron paul stories
- quesi, on 07/16/2008, -1/+8You don't want to put McCain and Paul head to head. Without biased and controlled media and shady electronic voting, McTreason wouldn't even be in the running.
- bullhead2007, on 07/16/2008, -0/+7Of course they are. They did the same thing during the last depression.
- avengingturnip, on 07/17/2008, -0/+7328 diggs in less than 24 hours and still no front page. The algorithm is still broken.
- kemp34, on 07/16/2008, -0/+6Google "Alan Greenspan - Gold and Economic Freedom" for all you need to know from a man who ran the show after selling his soul.
- lazerus9, on 07/17/2008, -0/+6Ron Paul is starting to put certain people on notice that It becomes harder to tap dance when your feet are dangling several feet above the floor!
- PeppermintPig, on 07/17/2008, -0/+6Didn't Bernanke say that oil was fueling inflation recently? lol
High prices may be indicative of inflation, but that doesn't mean it's caused by it. So he goes on to blame everything, from oil, to the 'fears of investors', on the rise of inflation and/or the failures of the economy. Anything but what TRULY causes it, and that is increasing the money supply. Who holds those reins? The fed. - oconnor11, on 07/17/2008, -1/+7Three different mainstream media news shows wanted Ron Paul on today after he said the Federal Reserve was the biggest taxer of all! Kudlow & Co on CNBC, Fox News (yeah, I know......that's a rarity), and Glenn Beck on CNN Headline News. The Glenn Beck show was awesome even before Ron Paul came on. Go Glenn! Reveal the truth! Tell 'em our Congress is acting like irresponsible 3-year-olds!
- macwac, on 07/17/2008, -0/+6I couldn't agree with you more. I was watching the same thing and every time Bernanke was under fire they faded it out and started summarizing or cut to commercial - no wonder most people are unaware of the financial situation and the causes.
- liljohns, on 07/17/2008, -0/+6Always fun to watch these!
- quesi, on 07/16/2008, -1/+6! You cannot digg a comment twice.
- heymisspenny, on 07/17/2008, -0/+5I'm not so sure it's "broken" by accident.
- Minarchian, on 07/17/2008, -2/+7It's people who don't want to the truth to be told.
Sad individuals, actually. - quesi, on 07/16/2008, -0/+5They want us to call it "bailing out the criminal banks", when they (the owners of the Fed, BofA and JPMporgan Chase so far...) are buying up - for pennies on the dollar - the not so connected institutions (Countrywide and Bear Stearns). He who controls history controls the future, he who controls the present controls history. Playing out right in front of our eyes.... Sickening!
- kemp34, on 07/17/2008, -0/+5Yo Herkimer, let me put this in terms you can understand: YOU ARE A TOTAL MORON.
- Pssdoff, on 07/17/2008, -0/+5The price of gold in US dollars more than tripled in 10 years. Can someone explain to me how the price of oil caused that???
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