Ron Paul: Corporatism - not free markets

Uploaded by: VoiceofAmericans2008
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Congress Floor Monday - 9/29/08
Ron Paul
**Partial of his comments on floor - sorry***
Emergency Economic Stabilization Act of 2008 - public markup link - http://tinyurl.com/3fnzyd

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The gold standard ... ( 4 weeks ago by RonPaulisInsane)

The gold standard uses gold reserves to back currency. The currency becomes worthless if the gold reserves run out.
You are advocating a return to metal coins, not just the gold standard. This has its own problems.
- We'll still have financial panics and collapses.
- Where are you going to find enough gold for 500 million people?
- Do you want to base our price level on whether finding huge amounts of gold year?
- Will this turn into fiat money because bad money drives out good?

"...Forces the ... ( 4 weeks ago by JRLLUnd)

"...Forces the economy to contract."? Economies grow through productivity NOT DEBT as we have been doing with CENTRAL BANKs. You must learn that living within our means is more important than "growing" an economy that is unstable and leads the majority of the population to the poor house so to speak.

The money supply ... ( 4 weeks ago by RonPaulisInsane)

The money supply needs to increase at the same rate as the economy; otherwise, it chokes the economy.
The central bank can tighten the money supply by targeting inflation. That is how we reduced inflation in the early 1980s and that is what Germany does.
The gold standard forces the money supply to contract to stabilize prices. That forces the economy to contract and turns recessions into depressions. That turns the house to change the lightbulb.

Its worthless when ... ( 4 weeks ago by gearzone2611)

Its worthless when government adopted a new type of mechanism like creating more funny-money!The problem of fiat money-government's intervention.Golds' important so that government or bankers will not able to manipulate the currency!Im telling you how fraudulent the current central banks!I dont know how,that such precious metals can result financial panics and collapses.We dont need private bankers to issue®ulate the monetary with the system of trickery!Let da Congress do their job in USCons.

*I dont know how, ... ( 4 weeks ago by RonPaulisInsane)

*I dont know how,that such precious metals can result financial panics and collapses.*
We had financial panics and depressions in 1837, 1857, 1873, 1890, and 1907 under the gold standard.
This is because the gold standard removes your ability to adjust the money available and forces economies to contract during bank panics.
Nothing replaces FDIC insurance and a central bank that can respond when panics are young. The world tried the gold std for over 100 years but it failed.

panic not ... ( 4 weeks ago by ilovericecake)

panic not depression... the fed turn the mild recession of 1929 and make it worst

The fed turned the ... ( 4 weeks ago by RonPaulisInsane)

The fed turned the recession of 1929 into a depression because it tightened the money supply in order to keep us on the gold standard during a bank panic.
The Fed doesn't want to repeat the same mistake again.
Ron Paul still talks about the gold standard because he overlooks a century of its failures.

Yes, but the reason ... ( 4 weeks ago by ModernSurvivor)

Yes, but the reason they went into a recession in the first place was because the government tried to artificially inflate the economy. All the money that spontaneously disappeared had never actually existed. The government had induced a fake demand, thereby creating the illusion of commerce (the roaring twenties). The Depression got worse when the government tried to throw extra money at it via programs and the New Deal. It didn't end until our country went into a wartime economy during WWII.

You must understand ... ( 3 weeks ago by gearzone2611)

You must understand why McFadden is so against the creation of the FED.FED guaranteed loans, to benefit business and this is the contributing factor in our inflation.The easy money is the reason why monetary is expanding. They are profiting from the depreciation of the currency!As you see, they can control how much money supply. If you're telling no lies about central bank(FED). How in the world we still have panics in economic, monetary & savings? Gold failed? For 100 or 1000? Explain it to us!

So theres was a ... ( 3 weeks ago by gearzone2611)

So theres was a good money and then that good money run off? So the central banks must supply an increase amount of money again. So another new fresh money out from the banks.
The caused of inflation is an enormous amount of money to so called demand by business. At the same time debasing and creating inflation in the system. This will sparks a high commodities & murdering the value of dollar.
The economy will just grow by itself without debt and inflation created through fiat mon.system!

ModernSurvivor, we ... ( 3 weeks ago by RonPaulisInsane)

ModernSurvivor, we had deflation during the 1920s.
My point still stands. The Fed turned a recession into the Great Depression by tightening the money supply during a bank panic to keep us on the gold standard.

No, the gold ... ( 3 weeks ago by ModernSurvivor)

No, the gold standard had already become a joke by then. As soon as the Fed had the right to add additional cash to the system it screwed up the whole thing. The Depression was created by artificial demand that never exactly existed. The recession might have been created by trying to tighten the money supply, but that would have never happened in the first place had they not been watering down the supply to begin with. Then, despite the 'free cash flow' days of FDR it took WWII to get us out.

Array ( 3 weeks ago by spiritofhouse)

IMPORTANT
The TIME magazine lets the YT-users vote
for the person of the year!!
/watch?v=Bm94D1TqYwQ
It would be awesome if you would leave a comment for RON PAUL and write why you nominate him for the person of the year.
The win of this voting would give him a big push. Many more people would get to know him.
AND 3 out of 4 (round about) have already voted for him.
So if some you you guys would go to this video and vote for him we can make a difference in the next election race!!

sucks he did not ... ( 3 weeks ago by hotdog5505)

sucks he did not win tonight.

in a new society ... ( 3 weeks ago by ipoopedalittle)

in a new society where the government looks to control our lives and the brainwashed society we live in centently ushers in this new age, we look back at some of the things this guy has said and realise that he had no agenda except for the well being of our country as we used to know it. its sad when someone comes right out and speaks to the heart of the issues and his words fall on deaf ears. we have given up our power and turned it over to the government. oppresion is coming sooner than later.

This little twerp ... ( 3 weeks ago by LaRoucheisright)

This little twerp is such a gatekeeper. Very sophistic. All those buzz words, but no solution. go to LaRouchePAC and join the battle to defeat the oligarchy once and for all. Take back our central bank from the gangsters.

he is right about ... ( 2 weeks ago by replikant0101)

he is right about the inflation issue. but more government doesnt necessarily mean oppession. and less government doesnt mean lawlessness. unity and breaking prejudice can be government free. the government should exist to protect commonly held ideals, not enforce or take them away. yes i do beleive government should be for the people. and it is the last buffer between the people and private sector abuses. republicans need to realize at least that.

Ron Paul '12!!! ( 2 weeks ago by laxman522)

Ron Paul '12!!!

Its going to come ... ( 2 weeks ago by Tunedup81)

Its going to come down to the cost of fuel being inflated in the future to the point.. going to work wont be worth but yet cost me money.. Inflation from the massive amount of Currency introduced into the economy will destroy the middle class.. what then? hrm... glad I "cling" to my guns an bible. things aren't looking promising.. I just hope Obama will help the people who voted him into Office. Middle Class is about 50k.. I'm sorry 200k is alot.. average income isn't 200k.. its around 50...

Seriously, that may ... ( 1 week ago by gasou808)

Seriously, that may be the only way to save our country.

The system has ... ( 4 days ago by Bacchant33rd)

The system has unacceptable risk built into it. It's well-known among economists that MARKETS are INEFFICIENT, from the narrowest perspective.
So to make it simple, suppose you sell me a car. We may make a good deal for OURSELVES. But we're not taking into account the effect on OTHERS. It's what's called an EXTERNALITY and there's an effect.
If you sell me a car it increases gas prices, it increases pollution, it increases congestion, and that EXTENDS very broadly.

Array ( 4 days ago by flashlightbrown)

Your example.
if I sell a car and it increases gas prices and pollution and congestion, the market can switch to something new.
How is that a failure?
Markets will succeed in the end.

Array ( 3 days ago by mbear14)

Hey Everyone,
How about a Book Bomb on Thursday, December 10th for "The Revolution: A Manifesto"!!?? Just in time for the Holidays..."Give the gift of Freedom!"
Order at least 1 Ron Paul book for friends and family. If this sounds like a good idea, spread the word, grassroots style!
Take care,
Mike in DC

"Fascism should ... ( 2 days ago by Soupdragoon)

"Fascism should rightly be called Corporatism, as it is the merger of corporate and government power."
Benito Mussolini

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