Ron Paul Berates Bernanke Today - Ron's Best Speech Yet [video]

[Seanmc30]

I can't see anyhting on TV right now, every national cable station is out....is anybody else having the same problem, or do I need to call Comcast?

 

[Conza88]

http://www.youtube.com/watch?v=Wy-w6y6DTxw
For anyone just rockin up.

 

[RSLudlum]

CSPAN replaying the session right right now...

SEANMC30: I'm having no problem right now...I have Knology service though.

 

[Seanmc30]

Its weird, every national cable channel is showing "Network Difficulties - Please Standby"


Well, Now that I have eliminated that Skynet is not taking over, I think I need to call Comcast.....BORING.

 

[Carole]

He's thinking he knows what is coming from Dr. Paul and he is wondering how to answer without answering.

 

[Carole]

Nice remodel.

 

[DriftWood]

Good question. I've heard this argument before in the media and other places:

'...But the Fed was created to prevent the banking panics in the 19th Century!"

We need our advocates to counter that with:

"And it was the same people who caused those panics through fractional reserve lending, who later got together to form the Federal Reserve System. Looks like we put the wolf in charge of the hen house."

I haven't heard that counterpoint brought up in the exchanges, and it's high time it's put back in their faces. Blowback's a bitch, baby!

Actually the fed was created to be a lender of last resorts, but only to solve short term liquidity crisis. That is to lend money temporarily to banks who are temporarily short on money because of natural marketplace swings. Like during harvest season for instance.. when people took out more of their savings. Stuff like that. A liquidity crisis at a bank means that the bank has enough money but that it is tied into stable loans. As in all the depositors would get their money back eventually. This was feds only mandate.. but today they do all sorts of other things that they should not. They play around with the short term interest rate to create booms thru inflation and cheap credit and they regulate the banks and soon even wallstreet. I suggest anyone interested in this kind of stuff read the book "Money: the once and future money". (Also there is nothing wrong with fractional reserve banking.)

 

[scotto2008]

Best speech yet?

IMHO, I've seen Ron in much better form than this. His voice is hoarse and he looks a bit tired.

In a battle of wits between RP vs. Bernanke, the latter is an unarmed man. I would normally expect a more thorough thrashing from our hero.

Or maybe it's me that's tired. Yawn...

 

[colecrowe]

aa

 

[tangent4ronpaul]

Weird--only 1:45 would load but it says it goes to 7:27. What I heard sounded pretty good.

YouTube does that sometimes. Just click a bit farther durring the timeline and it will start up again from where it stopped.

-n