Ron Paul Rocks CNBC 13/11

[Chester Copperpot]

this law is unconstitutional and therefore null and void... refuse it

 

[qwerty]

just emailed this youtube to everyone I know. Please do the same!

Good idea!

 

[Bruno]

As I understand it, if the fractional reserve requirement is 10%, that means that if a depositor deposits $100, the bank has to put 10% ($10) on reserve, which is seen to be removed from the money supply. Then they loan out the remaining $90. But they create $100 in "demand deposits" to replace the $100 they removed from the depositor's account. These demand deposits act as real money because the depositor can withdraw cash at anytime, write checks out on them, and transfer them to other accounts. Thus, you end up with $190 in existence (subtracting the $10 on reserve) from the original $100 deposit.

Then, of course, the borrower will spend the $90 and the receiver of this money will likely deposit it in another bank. This bank will put 10% ($9) of that deposit on reserve, loan about the $81 remaining, and create $90 in demand deposits to replace it, giving you $271 from the original $100 deposit. And so forth...

thanks for that explanation. That certainly helps.

Ronuary

love it!

 

[catdd]

The most insane notions such as fractional reserve banking, creating money out of thin air, and Keynesian economics in general are accepted as common place. Then, along comes RP with a sound, sensible approach to economics and it's called radical by some.

 

[torchbearer]

US standard MM/DD/YR
Euro Standard DD/MM/YR

 

[purplechoe]

I forget - what is the 13th month called?

Decembuary.

 

[sofia]

The most insane notions such as fractional reserve banking, creating money out of thin air, and Keynesian economics in general are accepted as common place. Then, along comes RP with a sound, sensible approach to economics and it's called radical by some.

ever read plato's allegory of the cave

 

[youngbuck]

Good interview with good ending!

 

[catdd]

ever read plato's allegory of the cave

That would sum things up rather nicely.

 

[sofia]

That would sum things up rather nicely.

funny thing is, everyone cites Plato's allegory as a great lesson....and if you recite it at cocktail parties, all will think you wise and learned....

But the moment you attempt to actually apply its lesson to understanding some current event,....... those same admireres of Plato will immediately, and violently, dismiss you as a "conspiracy theorist"....a "radical"...an "extremist" yadda...yadda...yadda


..just like the dudes in the cave did to the one who saw the light!!!!!!

amazing ....

 

[morran]

"I'm not sure I could stand being there for 2 hours"

 

[TheEvilDetector]

Politicial Power of the Fed is a thing to behold.

311 cosponsors of HR1207 and it isn't going anywhere (yet).

Fed is evil, but you have to give them respect for being able to accumulate so much political power.

Of course being able to print monopoly money will buy you a fair few houses on the board.

 

[raiha]

Thanks Qwerty...that was a feast. I love the way he won't let anyone get a word in edgeways. No gap between end of paragraph and beginning of next one. Probably because of years of people sidelining him. Man before his time. What are we going to do when he dies?

 

[Ian A.]

I'm glad so many enjoyed the interview because I love Ron Paul but I was really drifting during this interview. Sure I understood it, but man it was boring stuff. But it's a financial channel so I guess others feed off discussions of monetary policy more than me.

 

[jsu718]

Decembuary.

Febtober.

 

[jbrace]

I'm glad so many enjoyed the interview because I love Ron Paul but I was really drifting during this interview. Sure I understood it, but man it was boring stuff. But it's a financial channel so I guess others feed off discussions of monetary policy more than me.

I thought the same thing too, but it's also things we have all heard time and time again and someone that new to it may be it very intriguing. Then again, I feel that people that have never heard his message, may not understand and might be turned off.

 

[xd9fan]

Liesman is a douche

 

[fj45lvr]

Politicial Power of the Fed is a thing to behold.

311 cosponsors of HR1207 and it isn't going anywhere (yet).

Fed is evil, but you have to give them respect for being able to accumulate so much political power.

Of course being able to print monopoly money will buy you a fair few houses on the board.

This is no surprise or great feat as they are the real "overlords". They have the ultimate "inside information" and they have the power to make corporations boom or bust at THEIR discretion.... meanwhile "politics" is as impotent as ever.

 

[SimpleName]

that was just...awesome. I wasn't going to come on tonight, but I got it on twitter and was quite surprised. Ron Paul rolled through the questions with such ease. Finally! And then, besides Liesman, the guys seemed very interested. I think they might've respected him saying his mind and not b/sing like the normal politician. Hopefully it was authentic.

 

[Theocrat]

Ron Pown Speaking the Truth

Congressman Paul smashed that interview.