The establishment will continue to paint Ron Paul and his supporters as "fringe" and as "loonies". Why? Because they don't want people to come to understand The Big Scam.
Folks, if Ron Paul gains traction, his personal safety may be at risk.
Here's RP vs BB during yesterday's Congressional testimony. I wish these two had an hour, not 6 minutes. And I wish Bernanke was under oath.
RP ponders:
* Nobody asks where the bubbles (and crashes) come from or what causes inflation
* Artificially low interest rates were a distortion
* The Fed is hiding the increase in money supply by not publishing M3
* The government's CPI readings are bullsh*t, are fudged and are numbers that nobody believes
* Americans who save dollars have just gotten robbed by 10%
* How can we solve inflation with more inflation?
Bernanke responds, with my comments:
* Money growth has been moderate over the past few years (WRONG - A BALDFACED LIE)
* The Fed is doing what Congress wants them to do - look at employment and inflation (GRADE: F)
* The Fed wants to make sure prices remain as stable as possible (SEE THE PRICE OF OIL AND GOLD LATELY?)
* People who save dollars and buy things with dollars aren't hurt by inflation (IS THIS MAN REALLY THIS DUMB, OR IS HE A SMART LIAR?)
November 09, 2007
Ron Paul lays down the truth, and then Ben Bernanke spews lies. Here's the Ron Paul vs. Ben Bernanke youtube video
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MSM giving Paul some play
http://www.abcnews.go.com/Politics/Vote2008/story?id=3839318&page=1
Paul vs. Bernanke on Value of the Dollar
Candidate Rep. Ron Paul Faces Off With Fed Chairman
When you are Ron Paul, your public enemy No. 1 is the chairman of the Federal Reserve.
Because when you are Ron Paul, although you are technically a Republican, you are really a libertarian, and your strict adherence to the gospel of the Constitution leads you to question why the Federal Reserve -- the consortium of 12 reserve banks that acts as the U.S. central bank -- even exists.
It doesn't say anything about any central bank in the Constitution. Not only that, the primary responsibility of the Federal Reserve -- to control the money flow and availability of currency on the open market -- is something that you, Ron Paul, find incorrigible. The government, you believe, creates inflation when it prints money and moves it willy-nilly into the market to control the very inflation you think it's causing by moving that money around in the first place. Counterpoint: The gold standard was too inflexible, and the average citizen suffers when the government can't give the markets more fuel in the form of money.
After Paul worked him over, he looked like he needed to hurl.
Was it just me?
No. The CNBC host said almost the same thing.
That ABC news report reads like it was a damage control piece written by Bernanke himself.
It's so sad that more people don't understand what Ron Paul was saying. I mean inflation and money supply is basic high school economics! CPI is also basic high school economics - it's supposed to be the average of a basket of goods and services that are relevant to the average consumer.
Everybody should understand that excluding food, energy and using substitutions is not a true measure of inflation. I'm pretty sure this is all Econ101 Chapter 1 stuff...
I have all my money (lots of money) in CDs and i have been RAPED this year.
omg I should have listened to the nutjobs here and gone to gold, foreign currencies, foreign anything. Im down probably 20% this year in my lousy USD cd's even thought they pay a fictional 5.5%
whata fukin scam this country is.
Folks, ignore Bernanke's words in that video and focus on his body language. The guy is as uncomfortable and nervous as a child who has been caught with his hand in the cookie jar. I almost began to feel sorry for him until I realised that this is what you get when you engage in intellectual dishonesty and sell your conscience and integrity so that the old, widows and orphans can continue to be robbed by Wall street.
Un-f*cking-believable. Americans paid in dollars won't be affected by a weakening dollar unless they buy foreign goods, eh Ben?
OK, well show me one god damned product on sale in this nation that is 100% made here. We live in a global economy, where even goods that are manufactured here contain parts and components from elsewhere.
Ben Bernanke laid that turd of a response, one that he cannot believe himself, to a silent room that apparently took it seriously.
Unbelievable.
Yep Ben's body language spoke a thousand words! He has a weak stance. But really what did we expect he was nominated by DOPEY!
“In leadership, as in the martial arts, your stance is critical to your success. If you have a weak stance, then every way you lead will be fundamentally flawed.”
http://en.wikipedia.org/wiki/Leadership#The_Embodiment_of_Leadership
Keith,
Is the wheat that goes into bread an imported good? I just noticed its price has gone up tremendously over the past 12 months. At the same time I noticed that it is also grown in America. I am rather confused because the price of a loaf of bread has also gone up. Is the bread in our stores now imported from abroad? Help me Keith, I am sooooo confused by Mr Bernanke comments on the issue.
I will go to some extent with Ben, China and Japan and most Asian Countries still will invoice their exports in Dollars and that too as competitively as possible. Hence fear of high inflation is far fetched. OK, Oil may be a sore spot but even here, lower demand may bring down the price down due to energy conservation (sharing, Fuel efficiency, change from energy intensive lifestyles)
Americans paid in dollars won't be affected by a weakening dollar unless they buy foreign goods. Okay, lets add this to the list.
1. "Subprime is contained"
2. "We have a strong dollar policy"
3. "inflation is moderate"
4. "Americans paid in dollars won't be affected by a weakening dollar "
The thing that amazes me is that these guys have not been right once and yet everyone except Ron Paul seems to take their words as gospel. If you really want to raise your blood pressure, watch Larry Kudlow. The sad part is that I wish they really didn't understand what's wrong because then you could attribute our problems to that. Unfortunately, its plain widespread corruption that stinks all through the top levels of our government. For these inflation policies to continue, more than 1/2 of Congress must be in favor of this game as well.
Ben's response on how only "imports" become more expensive and Paul's closing comment glosses over one key point. The biggest import that impacts upon everything every dollar based consumer purchases is what will ravage all of us, and mostly fixed income retirees, OIL.
OIL is used in the manufacture and/or transport of everything. So granny & gramps are going to be in a huge world of hurt when prices are put throught the moon to compensate for the 40% increase of OIL based energy expenses in everything they purchase. But then of course "core" inflation does not factor in energy, but how the hell core inflation not ultimately go up in the face of the shear rock face that is a 40% jump in opil in just a few months? Does their artful dodging of the issue in the formulas they use eliminate it completely or just lag/delay the inevitable?
Bernanke is sitting there thinking this ones got a brain how did he get let into this hearing, Yeah low rates are not hurting people what a jerk. The extra money is from poeple cashing out of the stock market and placing it in the bank, wrong. You can't make any money in the bank Bernanke!, and americans are terrible savers. Go Ron Go
So glad that it's only Americans who buy foreign goods who are going to get hurt. That means the dollar collapse won't effect hardly anyone! Only people who buy:
1) Gas
2) Cars, trucks, motorcycles
3) Clothing
4) Anything on the shelf at Walmart or most other retailers.
Whew! Dodged that bullet!
which corrupt idiot is chuckling at the very end? i need a name.
Ron Paul Rally at Liberty Bell In Philly on Saturday 11/10/07
Anyone who cares within 100miles should be there.
How can Americans be unaffected by a weaker dollar when everything we buy is manufactured or grown outside the US?
Even those few goods that are manufactured or grown within the US have their prices set by international markets so those prices also rise as the USD declines.
I'm starting to think that the only thing preventing runaway inflation is the Chinese peg to the dollar - all that crap from China will remain relatively low-priced as long as the peg to the USD remains.
But I don't know how long the Chinese will keep their currency pegged to the USD.
Those who think the rest of the world needs the US consumer should think again. A good analogy I read is that of 5 people shipwrecked on a desert island (4 Asians and 1 American). They decide to divide tasks so 1 Asian gathers firewood, another Asian goes fishing, another hunting and the last Asian does the cooking. The American's job is to eat. Would the Asians be unemployed if the American stopped eating?
"Is the wheat that goes into bread an imported good? I just noticed its price has gone up tremendously over the past 12 months. At the same time I noticed that it is also grown in America. I am rather confused because the price of a loaf of bread has also gone up. Is the bread in our stores now imported from abroad? "
Anything that can be sold around the world can be driven up in price by worldwide demand. Only now we are competing with the rest of the world's more valuble money. They want the wheat so the farmer sells it to the highest bidder. This has also been partly caused by the ethanol boondoogle.
I think Ben is doing the job that Bush/Cheney planted him there to do. To cover up and talk out of both sides of his mouth. The administration of NO Accountability. Pretty soon our economy which is in a free fall will hit ground hard and they will act surprised and try to spin that too.
What is amazing is that Ron Paul is perhaps the only person in congress who understands the Austrian School of Economics, which is the only one that has an accurate theory of human economy. Check www.mises.org. What's also amazing to me, since I've been a libertarian for almost 40 years and was an early menber of the Libertarian Party in 1973, is the unbelievable support he is receiving! I wasn't expecting him to make much more of a splash than he did in 1988. Yes, I too am concerned about his safety if he continues to increase in popularity. By the way, I have an old computer with a slow dialup connection, and when I tried to sign in a few months ago with an identity other than "anonymous" it didn't work and my comments didn't get published.
Can anyone recommend a good book on monetary theory? A sort of primer?
"we are aware of the "risk" of inflation".
First mate: "we just hit an ice berg and we are sinking...we need to abandon ship"
captain: "i am aware of the risk of sinking and monitoring the situation...have the band play on."
Kieth,
First of all, thank you for provide us with these videos. For those of us who are youtube illiterate, it is very helpful to keep us all informed.
Yen has hit a 110 handle today!
Way back in the summer, I predicted that the FED would cut in October and cut again because the forces on government have only one option: monetize the debt. Obviously, robbing responsible people (savers) via stealth inflation and dollar debasement is far far easier politically these days than forcing the US public to cleanse the economy of excess via a recession.
I have moved substantial assets into Euro, Yen, energy stocks, and of course Gold.
However, I have also recentely invested in soft agriculture products (via Powershares ag index ETF) and US TIPS. Of course, both have done well of late, but I am especially surprised on the TIPS gains. Even though the floating component of the TIPS is based on CORE CPI, the market appears to be predicting much higher rates of inflation going forward than the paltry 2% CORE CPI rate that the FED currently cooks up.
Does anyone out there know how to invest in Reminbi without buying Chinese stocks?
It really pisses me off when people who should know better say that a weak dollar only hurts consumers if they are traveling to Paris or buying imported goods.
I know that Bubbles doesn't really believe this (he just says it), but other a$$#oles like Mike Norman really believe it's true.
First of all, the few products that are still manufactured here contain all foreign-made parts or raw materials.
Second, how do they think these "Made in the USA" products get to market? Do they get there on the back of fuel-burning trucks, or do angels shit them onto the shelves?
Is the bread in our stores now imported from abroad? Help me Keith, I am sooooo confused by Mr Bernanke comments on the issue.
------------------------------------
Bread, made from wheat, grown in the US. Less wheat planted due to demand for corn-based ethanol. Less wheat, less bread, higher price.
Wheat, harvested by combine. Machines run on diesel, diesel is made from oil. Oil comes from overseas. Dollar worth less - oil, therefore, costs more, diesel costs more, combine costs more to run, expense passes down the line.
Truck to move wheat to mill, diesel costs more, truck costs more to run, expense passes on.
Mill, runs on electricity, costs more to run because all the machines that mine the coal, drill the natural gas, ship the oil to the power station cost more to run, expense passes on.
Truck to store with finished product, bread, drives to store for your shopping pleasure. Diesel costs more, see above.
( not even going to talk about fertilizer, made from oil, because most people dont believe that oil is a feedstock for growing plants. Or that pesticides are mostly oil, with other stuff mixed in, because then I might sound crazy. )
Your breakfast is costing more today, and will cost even more tomorrow, because Ben and the boys need to cover the spread.
Got flour? Got canned food?
Got Ammo? Fire wood? a good sleeping bag?
Going to be a long winter.
-Snow
Alright little Benny, did you learn your lesson? If you think you did and think you can behave like a good little boy, you can get up from the stairs...
"Americans paid in dollars won't be affected by a weakening dollar unless they buy foreign goods."
I was blown away by the stupidity of this statement.
What a tool!
A passing thought -
We have the Fed CPI rates for inflation, which consist of a "basket" of common goods. I think now it is only laptop computers, flatscreen and plasma TVs, and Cadillacs.
We have "real" indicators on inflation from people just keeping track of prices for every-day items, a box of cereal, a gallon of gas, oreo cookies. ( that old food and energy thing that is excluded by the Fed.)
I have been thinking about a real "deflation" indicator. Watching Craigs List and the local trader publications I have noticed asking prices for a lot of things are on the way down. Is that something others have seen? Anyone what to help me put together a index that takes common used goods and tracks them? Might be a interesting chart to see.
-Snow
When RP finished schooling BB, and Ben was scratching his nose, I'm surprised it wasn't with his middle finger. The look on his face--haha!!
Oh snap!!
What RP says is all true, but his delivery is so fragmented and esoteric, 99% of Americans will have no clue as to what he's getting at. Bernanke blew him off with his almost flip answer. A five minute, boring monologue followed by a 30 second throw-away answer -- I'd call it a draw.
RP needs some serious coaching if he wants to gain political traction from this important topic. His current approach puts people to sleep and men like Bernanke and Paulson know it.
Even the government web site will tell you that the CPI is not a cost of living index. Bernanke should be b_tch slapped for being so stupid.
Ron Paul said it like it is.
If the dollar devaluates it requires us to use more of the money we have to buy the same goods and services.
However, it won't just be the elderly who will be suffering from higher costs, but younger generations as well.
The point of working is to be able to actually save money, not to keep paying into the system - but that's exactly what we have, and why things we'll get alot worse for the majority of working America.
"Yep Ben's body language spoke a thousand words!"
No kidding! The way he was working his nose there at the end - he looked like a kid in the Principal's office.
What RP says is all true, but his delivery is so fragmented and esoteric, 99% of Americans will have no clue as to what he's getting at. Bernanke blew him off with his almost flip answer. A five minute, boring monologue followed by a 30 second throw-away answer -- I'd call it a draw.
RP needs some serious coaching if he wants to gain political traction from this important topic. His current approach puts people to sleep and men like Bernanke and Paulson know it.
That's ridiculous. You can't blame Ron Paul for being boring just because you and 95% of Americans have a 15 second attention span. Sure, he could work on his presentation skills but call me old fashioned - I prefer substance over style.
i think president andrew jackson, old hickory as he was called, was the only president to pay off the national debt and also he refused to go along with a national banking system similar to what the fed is today. and for his trouble the bankers attempted to bankrupt this country and they also attempted on at least 3 occasions to assassinate him. such is the way it is when you go up against the beast. ron paul is a good man. the more he pokes his finger in the eye of the beast, the more the chance that something befalls him. nonsense some of you may say. but look at jfk...why was jfk killed? could it be that he wanted to congress of the united states to be in charge of our own national money supply and because of this , under his administration, they started issuing silver certificates, redemable at any bank for silver? when you go against the money men, be prepared. for they shall come at you with all that they have. there are many low life scoundrals that will do what they are told to do for a paltry sum. such is the way it is now and such is the way it has always been. God bless ron paul and protect him as he goes up against the beast.
"The sad part is that I wish they really didn't understand what's wrong because then you could attribute our problems to that. Unfortunately, its plain widespread corruption that stinks all through the top levels of our government. "
I don't know if it's corruption. I think it's a situation where they are so entrenched in their industry that they have become part of the herd. I'm talking about larry kudlow here. Ben Bernanke, he should know better and his body language showed that he knew he was talking to someone that knew he was lying.
""That's ridiculous. You can't blame Ron Paul for being boring just because you and 95% of Americans have a 15 second attention span. Sure, he could work on his presentation skills but call me old fashioned - I prefer substance over style."
Ridiculous? Ridiculous is pretending that you're making a difference when most people don't understand or ignore the message you're trying to convey. I have a degree in economics and to listen to RP ramble is almost as painful as listening to Alan Greenspan! I can think of much better ways for RP to communicate his message about inflation and the money supply -- will somebody close to him in the campaign please tell the Emperor he has to improve his communications "wardrobe"? It's a bit skimpy right now.
"I have been thinking about a real "deflation" indicator. Watching Craigs List and the local trader publications I have noticed asking prices for a lot of things are on the way down. Is that something others have seen? Anyone what to help me put together a index that takes common used goods and tracks them? Might be a interesting chart to see."
And you'd be as wrong as the government's inflation statistics. Deflation is a decrease in the supply of money/credit, not a decrease in retail prices per se. The selling price of most used goods is not a useful indicator for deflation because it's typically a buyer's market. If every item on Craig's List had hundreds of people bidding for it, then your approach might be more valid.
Falling prices are a symptom, not the cause of deflation.
...and Bernanke didnt answer any questions, lied to his teeth, and protected the Zionists and Secret Society that employee his A$$.
Folks, this country has been taken over by a very powerful shady group and they are not going away easily.
Ron Paul, the only true American with balls in this cesspool.
Rick Santelli's Analysis of Ron Paul.
http://www.youtube.com/watch?v=cD5qJCTwkhg
Bread, made from wheat, grown in the US. Less wheat planted due to demand for corn-based ethanol. Less wheat, less bread, higher price.
Add to the list that oil is a major component of modern day fertilizers. If you eat anything in America these days, it's like putting a little straw in a can of oil.
I have a degree in economics and to listen to RP ramble is almost as painful as listening to Alan Greenspan!
You probably got your degree from the University of Tijuana, and a C student like that monkey who lives in the White House. If you can't understand what Ron Paul says, you should hang out with that monkey. Oh, and one more thing, nobody here believes that you actually have an Economics's degree. You are just another troll doing your pathetic job of disinformation to make a worthless buck.
Would the esteemed "economist" inform us where is RP wrong in what he said? If "economist" can not do that, he is likely not to have an economist's degree.
No, it's true. RP would have benefited if he took a more canny approach. He could have started with the fighting-inflation-with-more-inflation question right off, then pounced on Bernanke's dipsh!t response.
I know, he's not that type of guy, and I'll certainly take principles over rhetorical skills in a candidate. I just wish RP had both.
Ridiculous? Ridiculous is pretending that you're making a difference when most people don't understand or ignore the message you're trying to convey. I have a degree in economics and to listen to RP ramble is almost as painful as listening to Alan Greenspan!
Man, you are such a pussy. There would have been no American Revolution if everybody took your approach to life.
will somebody close to him in the campaign please tell the Emperor he has to improve his communications "wardrobe"? It's a bit skimpy right now.
Forget what Ron Paul has to say if he's not wearing a slick Armani suit and perfectly coiffed hair. What a very bizarre person you are.
The degree in Economics is actually a handicap to understanding reality.
The economic theories taught in school are the ones the bankers allow to be taught in schools. The ones that keep the game intact. You are the priests spreading the gospel to the people to keep them in line.
Austrian economics professors would be run out of Chicago, Harvard, or Wharton.
"economist said...
""That's ridiculous. You can't blame Ron Paul for being boring just because you and 95% of Americans have a 15 second attention span. Sure, he could work on his presentation skills but call me old fashioned - I prefer substance over style."
Ridiculous? Ridiculous is pretending that you're making a difference when most people don't understand or ignore the message you're trying to convey. I have a degree in economics and to listen to RP ramble is almost as painful as listening to Alan Greenspan! I can think of much better ways for RP to communicate his message about inflation and the money supply -- will somebody close to him in the campaign please tell the Emperor he has to improve his communications "wardrobe"? It's a bit skimpy right now.
November 09, 2007 7:08 PM
"
I have a SOLUTION !!! Tell Ron Paul to show GRAPHS like Ross Perot did !!!!! It's a lot easier for the sheep to understand things via a graph, or pictorial. ;-)
Ron Paul may have great ideas with regard to the economy and domestic policy, but when he has a consistent history of being a American troop basher, I can NEVER support him. I hold the vast majority of our military in far higher esteem than I do any POLITICIAN. (yes, that is what he is)
See his "history"
Ron Paul Survival Report
October 15 1993
Volume IX Number 10
Page 7
Somalian Quagmire
Just when you thought that our troops might come home from Somalia, Clinton sends in 400 commandos to murder the "warlord" Aidid, one of the tribal leaders in Somalia's civil war. Since it's illegal for us to murder foreign leaders, the actual purpose of these commandos has been denied. Since the arrival of these troops, the hostility toward the Americans has grown. More bloodshed is surely on the way. One day we had a kinder, gentler military feeding starving blacks. The next day, the military is mowing civilians down in the streets. Somalia is just one more reason why we should mind our own business and not stir the flames of hatred there or anywhere else in the world.
You probably got your degree from the University of Tijuana, and a C student like that monkey who lives in the White House.
He'd still be more educated and in tune than 70% of Americans. I agree, RP needs to do a better job of communicating. I understand and enjoy his speeches, but most people don't have a clue what he is talking about.
Anonymous said: ...and Bernanke didnt answer any questions, lied to his teeth, and protected the Zionists and Secret Society that employee his A$$.
Folks, this country has been taken over by a very powerful shady group and they are not going away easily.
Ron Paul, the only true American with balls in this cesspool.
November 09, 2007 8:29 PM
Glad to see someone on this blog understands how the world works. Now you know why events in Germany transpired the way that they did throughout the 20th century.
God, some of you HPers are dense. I said that I agree with RP's take on the cause of inflation. He is correct, to a fault.
When it comes to communicating his ideas, he sucks! The man claims he's running for President. Presidential candidates have to get votes if they expect to win. The RP campaign needs to better articulate issues so average voters can understand the message.
His monologue vs. Bernanke is boring, even for someone who understands the concepts he's talking about. An average Joe in a bar would switch the channel -- so much for his message on the cause of inflation.
All of you armchair psychologists interpret Bernanke's body language as fear. I saw a man who knows everyone in the room is bored with RP's spiel, and he took advantage of that by giving a flip answer. It was the academic equivalent of raising his middle finger to RP, and RP just sat there and looked glum!
Now if RP had talked less, asked pointed questions, and challenged Bernanke's B.S. answers, the whole thing might have been interesting. But he didn't, and that says a lot about his style as a candidate and his chances going forward.
"...and Bernanke didnt answer any questions, lied to his teeth, and protected the Zionists and Secret Society that employee his A$$."
Tarring the truth by agreeing with it and then tying it together with lunacy is a classic disinformation tactic, but most people here are going to see through that one.
"Ron Paul may have great ideas with regard to the economy and domestic policy, but when he has a consistent history of being a American troop basher, I can NEVER support him."
It doesn't sound to me like he's bashing the military in that statement, rather the uses to which it was being put. He doesn't imply that U.S. soldiers enjoyed "mowing down civilians", as he put it. He's criticizing the fact that they were sent there and ordered to do that.
"That's ridiculous. You can't blame Ron Paul for being boring just because you and 95% of Americans have a 15 second attention span. Sure, he could work on his presentation skills but call me old fashioned - I prefer substance over style."
I totally agree, but he can't accomplish a thing if the people aren't behind him. Are they stupid? Fine, he needs to reach out to stupid people and get his message across to them in a way they understand. Hell, what he ought to do is write up a simple pamphlet on how the Fed is screwing the lower 99% and mail a copy to every household in America. This scam isn't rocket science.
"Folks, ignore Bernanke's words in that video and focus on his body language. The guy is as uncomfortable and nervous as a child who has been caught with his hand in the cookie jar."
I saw something different. Bernanke appeared bored. And why shouldn't he be bored? He was merely going through the motions. Besides, Ron Paul's logic leads to the elimination of the Federal Reserve and that is the same logic of those who opposed its establishment in the first place. But they lost, and Ron Paul, in as much as he represents the people of the U.S. against the interests of the criminal monopoly that owns everything, will lose too. At least that is what they are counting on. Bernanke is just performing his little role, which amounts to deflecting and deceiving. Based on his absurd comment that Americans buying products priced in dollars would not be hurt by inflation, Bernanke doesn't have to try too hard. NOTICE, Ron Paul didn't nail him on that, rather he muttered something about old people.
The supreme beings who run the U.S. empire probably are much amused by Ron Paul. He voice tends to squeak, like a little wheel in their big juggernaut. For now he avoids the issue of Zionism, and so he avoids Zionism's little emissary, Bernanke. Bernanke stared Paul down like a toad watching a buzzing fly.
"All of you armchair psychologists interpret Bernanke's body language as fear. I saw a man who knows everyone in the room is bored with RP's spiel, and he took advantage of that by giving a flip answer. It was the academic equivalent of raising his middle finger to RP, and RP just sat there and looked glum!"
You said it.
That so many people thought they saw Ron Paul give Bernanke a whipping suggests that there is an great abundance of wishful thinking.
Wake up!
It's just a show run by the same monopolists who created the Federal Reserve in the first place.
Maybe instead of participating in the charade Ron Paul should get his group together for some meetings on Jekyll Island. They could even invite all the bankers. Sit them down and tell them it's over, we're pulling the plug.
will somebody close to him in the campaign please tell the Emperor he has to improve his communications "wardrobe"? It's a bit skimpy right now.
Forget what Ron Paul has to say if he's not wearing a slick Armani suit and perfectly coiffed hair. What a very bizarre person you are.
Hah! You don't realize communications "wardrobe" does not actually refer to the clothes he is wearing? Idiot.
Wow, the "economists" and Bush clones here can't understand what Ron Paul said: "The sinking dollar makes imports more expensive, which creates more inflation and hurts seniors living in fixed income".
Let me remind you that RP was talking to the Fed Chairman, not trying to explain that to a Republican dumb like Bush or Giuliani.
So what's so difficult to understand here? Please, if you trolls want to bash RP, you gotta pick something else and do a better job.
will somebody close to him in the campaign please tell the Emperor he has to improve his communications "wardrobe"? It's a bit skimpy right now.
At least Ron Paul is not a cross dresser like Giuliani
In addition to creating credit, the feds are also printing one trillion to pay for the war in Iraq. Printing $$$ to pay for the Vietnam war was one of the key triggers behind inflation/stagflation in the 70s (although it's been handy ever since to blame this on OPEC).
Tangelo Mozilo said...
Can anyone recommend a good book on monetary theory? A sort of primer?
November 09, 2007 2:55 PM
Yes at this web site http://www.mises.org/store/directory.aspx they have some great books. I started out with the easier books progressed onwards. Now I know the truth.
Can’t do anything about our situation because the system is corrupt!! Maybe Ron Paul can.
Cheers
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