Ron Paul on Mad Money w/ Jim Cramer 12-14-07
Uploaded by: ScaningTheWaves
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Ron Paul08! Donate Today!
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also see:
Ron Paul Interview on PBS NOW PT.1 12-14-07
http://youtube.com/watch?v=To0q7SguNes
3parts
Some extended footage not shown on tv:
http://www.pbs.org/now/shows/350/video-ron-paul.html
Tags for this video: Paul Ron
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The Fed is responsible for managing the money supply and interest rates(among other things) in response to the current economic environment. Unfortunately, that is not all that happened.
Many Major companies and people leveraged themselves ( not the Fed's fault). Hence, they have created their own demise.
The rest of the world is experiencing that same.
If you didn't have a FED, then market forces might takes years to "self correct". Can you imagine a 10 year recession?
Being a large government entity is not unconstitutional.
He works just as the Federal Reserve.
When someone(Dr. Paul) makes such blatant mistakes, I don't need to read his books to know that he is a crackpot.
Beleive me, you don't ever want to experience an extended depression. Hence, a monetary figure is necessary in order to tame to what Keynes call "Animal Spirits."
What good is it to attend a great university like Purdue; yet, you begin sentences with a coordinating conjunction and you're not sure quite how to hand proper nouns. Hence, Purdue would like your previous association to remain sub rosa.
There are many scandals at the current time; so, you'll have to specify.
If you didnt have a FED you wouldnt have drastic changes in money supply, therefore no changes in CPI and no inflation.
Monetarily,
The Fed creates money out of thin air by monetizing debt. This causes many problems, which the Fed solves by creating more money out of thin air by monetizing debt. The USD since Fed inception is now inflated to 3% of it's starting value.
Fiscally,
The people and businesses on this treadmill of inflation are taxed on returns that only KEEP UP with inflation, let alone the taxes beyond that.
The greatest racket in history?