Ron Paul on Glen Beck Discussion

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AzNsOuLjAh27

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Ron Paul completely ripped that show apart!!!!!! Glen Beck actually looked worried about the on comming great depression, he even asked him to run as a third party! :D
 
hell, Beck even gave a Bircher plug saying he used to think they were a bunch of crazies but now he thinks it all makes sense!
 
Excellent. The bottom line is Ron Paul wants business to do well, for America to do well. He supports a free market. After learning about the Fed, how can anyone support this plan to give them more power.

OMG. Reality Check. It is only the efforts of a well informed public that keeps our freedoms. Let them eat cake, is not what America is all about.
 
AzNsOuLjAh27 said:
Ron Paul completely ripped that show apart!!!!!! Glen Beck actually looked worried about the on comming great depression, he even asked him to run as a third party! :D
Click to expand...

Good interview. There was one thing that bugged me abit though. RP said that big banks are also to blame for inflation because of the fractional reserve system. Personally I think he is wrong about that one, because banks create credit, not money. Money (base money) is created by the fed. Therefore the responsibility for inflation falls only on the fed, not the banks. I think RP got his too broad defintion of money from Rothbards.

(Inflation is not created by credit. As in it does not matter how much credit you have in the bank, you cant buy anything with that. You have to change your credit to money to buy anything with it, and if the banks does not have the money to exchange for your credit they have to loan some cheap money from the fed. This is where the inflation happens. This is where and when money is created. The fed could just say "No" or it could make these base money loans to the banks more expensive to stop inflation. Therfore inflation is not the banks fault, its the fed that creates the base money. Fed is in charge of the money supply not the banks. If you are interested in the details I would recommend reading the book "Gold: the once and future money")

Other than that I think it was a great interview

Cheers
 
DriftWood said:
Good interview. There was one thing that bugged me abit though. RP said that big banks are also to blame for inflation because of the fractional reserve system. Personally I think he is wrong about that one, because banks create credit, not money. Money (base money) is created by the fed. Therefore the responsibility for inflation falls only on the fed, not the banks. I think RP got his too broad defintion of money from Rothbards.

(Inflation is not created by credit. As in it does not matter how much credit you have in the bank, you cant buy anything with that. You have to change your credit to money to buy anything with it, and if the banks does not have the money to exchange for your credit they have to loan some cheap money from the fed. This is where the inflation happens. This is where and when money is created. The fed could just say "No" or it could make these base money loans to the banks more expensive to stop inflation. Therfore inflation is not the banks fault, its the fed that creates the base money. Fed is in charge of the money supply not the banks. If you are interested in the details I would recommend reading the book "Gold: the once and future money")

Other than that I think it was a great interview

Cheers
Click to expand...

I understand what your saying, but I think that higher demands will also raise prices. In the age of digital computer entry and debit/credit cards, you don't need to physically create every FRN for each new credit card issued.

When people have that extra credit, or the extra loans( fractional reserve banking is the main point remember) they spend that money on goods they demand which causes the rise in prices. The Fed is at fault, but the banks can not be forgiven for their use of fractional reserve banking that leads to even more inflation.

To put it simply, a number of things combine to cause the inflation. At least thats what I think....
 
For any Directv watchers out there, I recently found out that you can program your Directv DVR from a web browser. I'm actually kinda amazed that it worked. It's actually useful especially when you're at work & read online about a Ron Paul TV appearance that's scheduled for the same day.
 
Beck has been coming closer and closer to our positions on a variety of things lately on his shows. I think its only a matter of time before he ads the war position to it, if for no other reason than we can't afford to fight it anymore. I think he still supports it because most of the people that listen to his show have been brainwashed and wouldn't listen to him if he came out against the war... just my opinion...
 
Glen Beck realizes facts of Ron Paul's messages CNN MSNBC ABC CBS NBC FOX

jason43 said:
Beck has been coming closer and closer to our positions on a variety of things lately on his shows. I think its only a matter of time before he ads the war position to it, if for no other reason than we can't afford to fight it anymore. I think he still supports it because most of the people that listen to his show have been brainwashed and wouldn't listen to him if he came out against the war... just my opinion...
Click to expand...

Yeap... Glen Beck has finally used some "Critical Thinking" instead of talking faster than he thinks on the show. Ron Paul's message and education have sunk in to Glen Beck...

though, I think RP had to use a "Tack Hammer" on Beck's Coconut between Commercials!
 
Banks should be like any other business.

Take deposits and return interest on the money

Give loans and make money on the interest

Banks don't need to have ANY influence on anything but their own industry.
 
DriftWood said:
Good interview. There was one thing that bugged me abit though. RP said that big banks are also to blame for inflation because of the fractional reserve system. Personally I think he is wrong about that one, because banks create credit, not money. Money (base money) is created by the fed. Therefore the responsibility for inflation falls only on the fed, not the banks. I think RP got his too broad defintion of money from Rothbards.

(Inflation is not created by credit. As in it does not matter how much credit you have in the bank, you cant buy anything with that. You have to change your credit to money to buy anything with it, and if the banks does not have the money to exchange for your credit they have to loan some cheap money from the fed. This is where the inflation happens. This is where and when money is created. The fed could just say "No" or it could make these base money loans to the banks more expensive to stop inflation. Therfore inflation is not the banks fault, its the fed that creates the base money. Fed is in charge of the money supply not the banks. If you are interested in the details I would recommend reading the book "Gold: the once and future money")

Other than that I think it was a great interview

Cheers
Click to expand...

The Fed is the biggest of the big banks. When you say don't blame banks, then you include the Fed because its a private bank. If you've not watched the money masters, I recommend it. Certainly cleared some prior misconceptions I had.
 
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