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Congressman Ron Paul Schools Bernanke on the Bailout Plan

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Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08). Ron also questions Bernanke's authority and constitutionality of using the printing press to generate all this extra money needed for the bailout.Use www.votesmart.org to tell your representatives you don't want this plan.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: soullfire

Length: 06:45
Rating: 4.93
Views: 276411

Tags: Authority  Bail  Bailout  Bernanke  Constitutionality  Debt  Depression  Federal  Fixing  Monetary  Out  Paul  Price  Ron  Street  Wall  

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Video Comments

jizzmonger (November 30, 1999 at 12:00 am)
"The Mindset of most Americans Are so stupid and they all need to wake up"~tim6575~So we should go back to a trade and barter system and eliminate all currency?
jizzmonger (November 30, 1999 at 12:00 am)
So the society with the most gold will by your assertion, have the highest standard of living for all it's individuals?
Booopie (November 30, 1999 at 12:00 am)
To jizzmonger:Gold has intrinsic industrial value.Also, its rarity, divisibility, and corrosion resistance make it ideal for use as money.A funny thing about your dumb comment is that space exploration incorporates gold all over the place.
reYKCuf (November 30, 1999 at 12:00 am)
People there are horrible things on the horizon, if you care about yourself or your family you need guns, food and water. The government won't be there.
Tunedup81 (November 30, 1999 at 12:00 am)
well. I kind of agree with you. thanks for explaing your point. I'm struggling to understand how you and I can pay off an approximate debt of $35,000 debt when thats assuming children at the age of 1day old can contribute. and senior citizens at 80 can. working class and age are forced to split this bill. and I'm sorry with that 35k is attached an interest similar to that of a credit card. I cant pay my bills as it is and with major job loss thats putting more stress on the system thus its fail.
robms18 (November 30, 1999 at 12:00 am)
caused the dollar to not equal its own fixed exchange value in gold. That is why the gold standard cannot work in a non-mercantilist economies, like the economies of most countries. Debt is not a bad thing unless you cannot pay it back. The U.S. has never defaulted on its debt, and probably never will, even with the current financial crises. Also, Congress did not change the Constitution, they simply added to government though the Federal Reserve Act.
robms18 (November 30, 1999 at 12:00 am)
The money that exists in today's economy is backed by the idea of comparitive advantage. Once you understand how that works in a world with international trade and floating exchange rates, you will understand where the purchasing power of a dollar comes from. The reason we left the gold standard was because inflation (something that is good if happening moderately over time, as it did in the time of the gold standard)
tim6575 (November 30, 1999 at 12:00 am)
I ment to say not COPPER OR PAPER! The Mindset of most Americans Are so stupid and they all need to wake up (I mean to think that PAPER IS MONEY FUCKING RETARDS)
tim6575 (November 30, 1999 at 12:00 am)
I can not believe Americans are standing Idle While our GOV. Is suppose to be a country of The people For The People By The People That last part is far from the truth..(BY THE PEOPLE?) This all happening cause of the Banks.Sezing up credit And puting fiat Money with interest in our System that is suppose to be backed By GOLD
tim6575 (November 30, 1999 at 12:00 am)
6:20 to6:35 (COINS) Reason? Coins Are money gold silver...NOT COPPER!!!!




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